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Merchants Bank of Indiana
Carmel, IN · State-chartered bank (not a Fed member) · Part of Merchants Bcorp
- Total assets
- $21.17B
- Q2 2026
- Deposits
- $14.34B
- Net income
- $151M
- first half of 2026
- Return on assets
- 1.49%
- Annualized
Bank details
As reported to the FDIC
- FDIC certificate
- 8056
- Main office
- Carmel, IN
- Holding company
- Merchants Bcorp
- Charter
- State-chartered bank (not a Fed member)
- Primary federal regulator
- Federal Deposit Insurance Corporation (FDIC)
- Established
- 06/23/1923
- FDIC insured since
- 01/01/1934
- U.S. offices
- 8
- Employees (full-time equivalent)
- 743
- Specialty
- Commercial Lending Specialization
- Website
- www.bankmerchants.com
Quarterly financials
From the bank's Call Reports. Income figures are year to date; ratios are annualized.
| Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $21.17B | $20.26B | $19.39B | $19.3B | $19.08B | $18.74B | $18.62B | $18.59B |
| Deposits | $14.34B | $13.04B | $13.1B | $14B | $12.75B | $12.47B | $11.98B | $12.94B |
| Net loans and leases | $17.29B | $16.55B | $15.44B | $15.06B | $14.94B | $14.72B | $14.55B | $14.5B |
| Securities | $1.65B | $1.72B | $1.84B | $1.96B | $1.88B | $1.94B | $2.01B | $2.03B |
| Equity capital | $2.32B | $2.26B | $2.24B | $2.18B | $2.14B | $2.11B | $2.07B | $1.91B |
| Net income (year to date) | $151M | $69.99M | $227.6M | $155.4M | $99.23M | $59.35M | $325.4M | $228.5M |
| Return on assets | 1.49% | 1.41% | 1.20% | 1.09% | 1.05% | 1.27% | 1.81% | 1.71% |
| Return on equity | 13.29% | 12.46% | 10.59% | 9.74% | 9.41% | 11.34% | 17.54% | 16.92% |
| Net interest margin | 2.86% | 2.84% | 2.94% | 2.87% | 2.87% | 2.81% | 3.08% | 3.08% |
| Efficiency ratio | 40.2% | 41.7% | 43.1% | 42.9% | 42.0% | 41.6% | 32.7% | 32.9% |
| Noncurrent loans | 1.19% | 1.50% | 1.28% | 1.98% | 1.68% | 1.92% | 1.92% | 1.46% |
| Net charge-off rate | 0.41% | 0.56% | 0.82% | 0.77% | 0.76% | 0.28% | 0.07% | 0.06% |
| Leverage (core capital) ratio | 11.28% | 11.91% | 11.28% | 11.58% | 11.26% | 11.85% | 11.20% | 10.40% |
| Total risk-based capital ratio | 12.18% | 12.38% | 13.37% | 13.36% | 13.12% | 12.71% | 12.89% | 12.00% |
Assets grew 10.9% from Q2 2025.
Loan mix
Share of gross loans, Q2 2026
- Real estate loans$7.94B45.9%
- Commercial and industrial loans$1.59B9.2%
- Consumer loans$3.96M0.0%
Find bank branches in Indiana · Employees: 743
Frequently asked questions
- What is Merchants Bank of Indiana's FDIC certificate number?
- Merchants Bank of Indiana's FDIC certificate number is 8056.
- How big is Merchants Bank of Indiana?
- Merchants Bank of Indiana reported total assets of $21.17B and deposits of $14.34B as of Q2 2026.
- Is Merchants Bank of Indiana FDIC insured?
- Yes. Merchants Bank of Indiana has been insured by the FDIC since 01/01/1934. Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
Source: Federal Deposit Insurance Corporation, BankFind Suite (Call Report data) · Last updated 06/30/2026