Advertisement
Merchants Bank Of Indiana
Carmel, IN · FDIC Certificate #8056 · Chartered 06/2
Total assets
$21.17B
Total deposits
$14.34B
Total equity
$2.32B
Net loans
$17.29B
Branches (offices)
8
Net income (YTD)
$150.95M
Rank: #104 of 4,213 U.S. banks by assets · #3 of 87 in Indiana. Assets changed 10.9% and deposits 12.5% over the year to June 30, 2026.
Advertisement
Key ratios
| Return on assets (YTD, annualized by FDIC) | 1.49% |
| Return on equity | 13.29% |
| Net interest margin (YTD) | 2.86% |
| Equity to assets | 10.97% |
| Tier 1 leverage ratio | 11.28% |
| Uninsured deposits (share of deposits) | 29.0% |
| Noncurrent loans (share of loans) | 1.18% |
| Net charge-offs (share of loans) | 0.41% |
| Loans to deposits | 120.5% |
| Real estate loans (share of loans) | 45.9% |
Loan mix
| Category | Amount | Share | |
|---|---|---|---|
| Real estate loans | $7.94B | 45.9% | |
| Commercial & industrial | $1.59B | 9.2% | |
| Consumer / individual | $3.96M | 0.0% | |
| Construction & development | $2.00B | 11.5% | |
| Agricultural | $17.76M | 0.1% |
Five-year trend (June snapshots)
| Period | Total assets | Deposits | Net income (year to date) | Equity / net worth |
|---|---|---|---|---|
| Jun 2022 | $10.82B | $8.12B | $103.08M | $1.17B |
| Jun 2023 | $15.57B | $12.88B | $118.40M | $1.49B |
| Jun 2024 | $18.18B | $14.97B | $165.94M | $1.88B |
| Jun 2025 | $19.08B | $12.75B | $99.23M | $2.14B |
| Jun 2026 | $21.17B | $14.34B | $150.95M | $2.32B |
Where its branch deposits sit (FDIC Summary of Deposits)
| State | Branch deposits | Offices |
|---|---|---|
| Indiana | $14.34B | 8 |
Branch deposits are booked at the office that holds them, which is not always where the customer lives. Total across all offices: $14.34B.
Similar-sized banks
Citizens Business Bank, National Association ($21.18B) · The Central Trust Bank ($20.31B)
Source: FDIC BankFind - Call Report and institution data as of June 30, 2026; branch deposits from the FDIC Summary of Deposits (June 30, 2026). See methodology.
Advertisement