FDIC Cert #8866 · Winona, Minnesota · Est. 1875

Merchants Bank, National Association - FDIC Bank Health Profile

A community-scale look at Merchants Bank, National Association's own numbers, pulled straight from its quarterly FDIC Call Report.

Compiled from official public sources by the publisher.
$2.9B
Total assets
A
Health grade · Excellent
1.23%
Return on assets
12.9%
Tier 1 capital

Data updated July 2026

The verdict

Merchants Bank, National Association earns a PlainBankData health grade of A (83/100), with well-capitalized at 12.90% Tier 1, profitable at 1.23% ROA, 65% efficiency ratio.

#441
largest of 4,313 FDIC banks by assets
90th
percentile by asset size, nationally
12.90%
Tier 1 ratio - above the 10% well-capitalized line
59th
percentile for profitability (ROA), nationally

This grade is PlainBankData's own interpretation of the bank's Call Report, not an FDIC rating, deposits here stay federally insured to $250,000 per depositor, per category, regardless of grade.

FDIC Call Report plate

Cert 8866 · MN A · 83/100

GRADE-A · MID-PACK · PHOTO-FINISH · TIER1-WELL · TEXAS-CLEAN · ROA-PAR · SIZE-REGIONAL · BOOK-FULL

  • GRADE-A A (83/100)
  • MID-PACK #1539/4307
  • PHOTO-FINISH Peoples Bank & Trust… · MO
  • TIER1-WELL 12.9% Tier 1
  • TEXAS-CLEAN 4.7% Texas
  • ROA-PAR 1.23% ROA
  • SIZE-REGIONAL $1–10B
  • BOOK-FULL 9/9 fields

Nearest health peer outside Minnesota: Peoples Bank & Trust Co., MO (±0 health pts)

Instrument codes from this bank’s FDIC Call Report sheet: grade band, health peer rank, photo-finish gap, Tier 1, Texas Ratio, ROA, size band, and book completeness. Not an official FDIC rating.

Health-score neighbourhood around Merchants Bank

Lowest and highest poles plus nearest scored peers outside Minnesota, not a full FDIC corpus board reprint.

Morgan Stanley Bank,… · UT ·…100/100Farmers State Bank · IA · ne…83/100Merchants Bank · ND · near83/100Merchants Bank, Nati… · MN ·…83/100Peoples Bank & Trust… · MO ·…83/100Potomac Bank · WV · near83/100Tioga-Franklin Savin… · PA ·…0/100
PlainBankData health composite · neighbourhood around Merchants Bank · July 2026

Call Report read for Merchants Bank in a high-failure state

Merchants Bank, National Association (FDIC Cert #8866) carries a PlainBankData health grade of A at 83/100, built only from this bank's own Call Report Tier 1 capital, ROA, Texas Ratio, and efficiency inputs. On the scored corpus it sits at health rank #1,539 of 4,307. Tier 1 capital prints at 12.90%, clearing the 10% well-capitalized line. The Texas Ratio is 4.72%, inside the sub-50% band analysts treat as healthy. Return on assets is 1.23%. Balance-sheet scale is $2.9B, 441st of 4,313 FDIC-insured banks by assets. The nearest cross-state health peer is Peoples Bank & Trust Co. (MO), tied on the composite. These are instrument codes from the Call Report sheet, not an official FDIC CAMELS rating, and insured deposits stay protected to $250,000 per depositor per ownership category regardless of grade. Compare the plate stamps against the score breakdown and the health-score neighbourhood before treating any single ratio as decisive.

State failure history around Merchants Bank

24 FAILURE resolutions in Minnesota since 2000, heavy vs the state corpus

Merchants Bank, National Association sits in one of the heavier post-2000 FAILURE states (24 resolutions; latest year 2014). The list below is state history from the Failed Bank List, not a claim about Merchants Bank, National Association's current Call Report.

  • NORTHERN STAR BANK MANKATO, MN 2014 → BANKVISTA
  • 1ST REGENTS BANK ANDOVER, MN 2013 → FIRST MINNESOTA BANK
  • FIRST COMMERCIAL BANK BLOOMINGTON, MN 2012 → REPUBLIC BANK & TRUST COMPANY

Source: FDIC Failed Bank List (resolution_type=FAILURE only; ASSISTANCE excluded). See the depositor failures guide and Minnesota banks.

How Merchants Bank, National Association's 83/100 score adds up

Each factor is scored from this bank's own FDIC Call Report figures, then summed to the composite health score.

0/100100/100National avg77/10083/100
Merchants Bank, National Association's composite health score
Tier 1 Capital Ratio (12.90%) 35/40
Return on Assets (ROA) (1.23%) 20/25
Texas Ratio (4.72%) 20/20
Efficiency Ratio (64.78%) 8/15

83 of 100 points earned across four weighted factors. See our methodology for the full scoring formula.

Balance sheet at a glance

Total Assets

$2.9B

Total balance-sheet footings

Total Deposits

$2.5B

Customer-funded liabilities

Net Loans

$2.0B

Outstanding loan book

Net Income

$35M

Bottom-line earnings

Capital adequacy vs federal thresholds

0% 3% 6% 9% 12% 15% CET1 (≥6.5% req.) Tier 1 (≥8.0% req.) Total (≥10.0% req.) 11.5% 12.9% 14.3%
Basel III capital ratios - Merchants Bank, National Association

Where Merchants Bank, National Association ranks

Every one of the 4,307 FDIC-insured banks with a computed health score, bucketed by score. Merchants Bank, National Association's score of 83/100 falls in the highlighted band.

Merchants Bank, National Association: health score vs. every FDIC-insured bank

0-100 composite health score, FDIC Call Reports

83 Top 36% higher than 64% of 4,307 FDIC-insured banks

0–10: 3 FDIC-insured banks (0%). Below this entry. 10–20: 6 FDIC-insured banks (0%). Below this entry. 20–30: 26 FDIC-insured banks (1%). Below this entry. 30–40: 36 FDIC-insured banks (1%). Below this entry. 40–50: 98 FDIC-insured banks (2%). Below this entry. 50–60: 279 FDIC-insured banks (6%). Below this entry. 60–70: 777 FDIC-insured banks (18%). Below this entry. 70–80: 1,030 FDIC-insured banks (24%). Below this entry. 80–90: 1,237 FDIC-insured banks (29%). This entry sits in this band. 90–100: 815 FDIC-insured banks (19%). Above this entry. Merchants Bank 0 100 every FDIC-insured bank with a health score, bucketed by value

Each bar is a band; taller bars hold more FDIC-insured banks. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.

Source FDIC Call Reports · July 2026

Merchants Bank, National Association's size among FDIC-insured banks

Every one of the 4,307 FDIC-insured banks with reported assets, bucketed by total-asset scale (note the buckets are powers of 10, most banks cluster in the $100M-$1B range). Merchants Bank, National Association's $2.9B falls in the highlighted band.

Capital & credit buffers at Merchants Bank

Tier 1 capital ratio
Well-capitalized 10%

12.90% of risk-weighted assets - above the federal "well-capitalized" threshold of 10%.

Tier 1 Capital Ratio
12.90%
Texas Ratio
4.72%
Equity Capital
$336M

What these ratios mean →

Earnings posture at Merchants Bank

Return on Assets (ROA)
59th percentile nationally
1.23%
Return on Equity (ROE)
10.82%
Efficiency Ratio
64.78%

What these mean →

Income & expense at Merchants Bank

$137M
Interest Income
$33M
Non-Interest Income
$78M
Non-Interest Expense

Asset quality, Texas Ratio detail

The Texas Ratio compares troubled assets to the capital available to absorb losses. Merchants Bank, National Association reports a Texas Ratio of 4.72% - comfortably in the healthy band; non-performing loans are a small fraction of the bank’s loss-absorbing capital.

Texas Ratio
Caution 50%

4.72% - lower is safer; 100% is the level at which troubled assets equal loss-absorbing capital.

FDIC Failed Bank List → View Merchants Bank, National Association on FDIC BankFind →

Top banks in Minnesota by total assets

Largest banks headquartered in Minnesota
  1. 1
    Ameriprise Bank, FSB $25.3B

    Minneapolis, MN · Grade A

  2. 2
    Bridgewater Bank $5.4B

    Saint Louis Park, MN · Grade A

  3. 3
    Frandsen Bank & Trust $3.7B

    Lonsdale, MN · Grade A

  4. 4
    Stearns Bank $3.3B

    Saint Cloud, MN · Grade A

  5. 5
    Minnwest Bank $3.0B

    Redwood Falls, MN · Grade B

Top 5 banks in Minnesota ranked by total assets · FDIC Call Report Q4 2025.

Nationwide banks with similar total assets

Nearest other-state banks with ≥$10M assets ($2.9B here), outside Minnesota so the neighborhood is not state containment.

Bryant Bank $2.9B · AL Industrial and Commercial Bank of Chi… $2.9B · NY Lakeside Bank $2.9B · IL First Federal Savings and Loan Associ… $2.9B · OH

Source: FDIC BankFind Suite, Call Report (FFIEC 031/041) Merchants Bank, National Association (FDIC Cert #8866) - Tier 1 capital ratio, total assets, deposits, ROA/ROE · 2025 FDIC Call Reports filed quarterly; latest publicly-available vintage shown. Health grades are PlainBankData's interpretation of regulatory filings and are not official FDIC ratings.

Merchants Bank, National Association Call Report profile · FDIC Failed Bank List · Minnesota FAILURE history · Informational only, not financial advice; consult a licensed professional before acting. See the disclaimer and methodology.

Other banks in Minnesota

All Minnesota banks →
BankAssetsGradeROA
Ameriprise Bank, FSBMinneapolis $25.3B A 3.08%
Bridgewater BankSaint Louis Park $5.4B A 0.99%
Frandsen Bank & TrustLonsdale $3.7B A 1.48%
Stearns Bank National AssociationSaint Cloud $3.3B A 1.85%
Minnwest BankRedwood Falls $3.0B B 0.92%
Tradition Capital BankWayzata $2.6B B 0.71%
Think Mutual BankRochester $2.2B B 0.61%
Park State BankDuluth $1.5B A 1.44%