Advertisement
The Merchants National Bank
Hillsboro, OH · FDIC Certificate #6605 · Chartered 12/2
Total assets
$1.27B
Total deposits
$1.11B
Total equity
$121.27M
Net loans
$940.82M
Branches (offices)
17
Net income (YTD)
$7.68M
Rank: #860 of 4,213 U.S. banks by assets · #32 of 155 in Ohio. Assets changed -4.9% and deposits -2.9% over the year to June 30, 2026.
Advertisement
Key ratios
| Return on assets (YTD, annualized by FDIC) | 1.17% |
| Return on equity | 12.64% |
| Net interest margin (YTD) | 3.65% |
| Equity to assets | 9.57% |
| Tier 1 leverage ratio | 8.91% |
| Uninsured deposits (share of deposits) | 28.6% |
| Noncurrent loans (share of loans) | 0.53% |
| Net charge-offs (share of loans) | 0.00% |
| Loans to deposits | 85.0% |
| Real estate loans (share of loans) | 87.0% |
Loan mix
| Category | Amount | Share | |
|---|---|---|---|
| Real estate loans | $818.97M | 87.0% | |
| Commercial & industrial | $58.69M | 6.2% | |
| Consumer / individual | $22.78M | 2.4% | |
| Construction & development | $48.61M | 5.2% | |
| Agricultural | $44.10M | 4.7% |
Five-year trend (June snapshots)
| Period | Total assets | Deposits | Net income (year to date) | Equity / net worth |
|---|---|---|---|---|
| Jun 2022 | $1.25B | $1.13B | $6.86M | $101.00M |
| Jun 2023 | $1.33B | $1.14B | $5.35M | $102.02M |
| Jun 2024 | $1.32B | $1.10B | $4.88M | $107.80M |
| Jun 2025 | $1.33B | $1.14B | $7.04M | $118.22M |
| Jun 2026 | $1.27B | $1.11B | $7.68M | $121.27M |
Where its branch deposits sit (FDIC Summary of Deposits)
| State | Branch deposits | Offices |
|---|---|---|
| Ohio | $1.11B | 17 |
Branch deposits are booked at the office that holds them, which is not always where the customer lives. Total across all offices: $1.11B.
Similar-sized banks
Legacy Bank ($1.27B) · Central Penn Bank & Trust ($1.27B)
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