FDIC Cert #8056 · Carmel, Indiana · Est. 1923

Merchants Bank of Indiana - FDIC Bank Health Profile

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

Compiled from official public sources by the publisher.
$19.4B
Total assets
A
Health grade · Excellent
1.20%
Return on assets
12.8%
Tier 1 capital

Data updated July 2026

The verdict

Merchants Bank of Indiana earns a PlainBankData health grade of A (86/100), with well-capitalized at 12.84% Tier 1, profitable at 1.20% ROA, efficient (43% cost ratio).

#105
largest of 4,313 FDIC banks by assets
98th
percentile by asset size, nationally
12.84%
Tier 1 ratio - above the 10% well-capitalized line
57th
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 8056 · IN A · 86/100

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

  • GRADE-A A (86/100)
  • MID-PACK #1296/4307
  • PHOTO-FINISH First State Bank of… · TX
  • TIER1-WELL 12.8% Tier 1
  • TEXAS-CLEAN 8.5% Texas
  • ROA-PAR 1.20% ROA
  • SIZE-LARGE $10–100B
  • BOOK-FULL 9/9 fields

Nearest health peer outside Indiana: First State Bank of Uvalde, TX (±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 of Indiana

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

Morgan Stanley Bank,… · UT ·…100/100Columbus State Bank · TX · n…86/100First State Bank of… · TX · …86/100Logan County Bank · AR · near86/100Merchants Bank of In… · IN ·…86/100The Farmers Bank · GA · near86/100Tioga-Franklin Savin… · PA ·…0/100
PlainBankData health composite · neighbourhood around Merchants Bank of Indiana · July 2026

What Merchants Bank of Indiana's Call Report plate shows

Merchants Bank of Indiana (FDIC Cert #8056) carries a PlainBankData health grade of A at 86/100, 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 #1,296 of 4,307. Tier 1 capital prints at 12.84%, clearing the 10% well-capitalized line. The Texas Ratio is 8.53%, inside the sub-50% band analysts treat as healthy. Return on assets is 1.20%. Balance-sheet scale is $19.4B, 105th of 4,313 FDIC-insured banks by assets. The nearest cross-state health peer is First State Bank of Uvalde (TX), 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 of Indiana

3 FAILURE resolutions in Indiana since 2000 (3 since 2008)

Merchants Bank of Indiana's home state sits in the middle band of post-2000 FAILURE counts (3; 3 since the 2008 crisis window). Recent named resolutions below are Failed Bank List rows for this state only; Merchants Bank of Indiana remains an active FDIC-insured reporter.

  • SCB BANK SHELBYVILLE, IN 2012 → FIRST MERCHANTS BANK, NATIONAL ASSOCIATION
  • INTEGRA BANK NATIONAL ASSOCIATION EVANSVILLE, IN 2011 → OLD NATIONAL BANK
  • IRWIN UNION BANK AND TRUST COMPANY COLUMBUS, IN 2009 → FIRST FINANCIAL BANK, N.A.

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

How Merchants Bank of Indiana's 86/100 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 avg77/10086/100
Merchants Bank of Indiana's composite health score
Tier 1 Capital Ratio (12.84%) 35/40
Return on Assets (ROA) (1.20%) 20/25
Texas Ratio (8.53%) 16/20
Efficiency Ratio (43.06%) 15/15

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

Balance sheet at a glance

Total Assets

$19.4B

Total balance-sheet footings

Total Deposits

$13.1B

Customer-funded liabilities

Net Loans

$15.4B

Outstanding loan book

Net Income

$228M

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.) 11.44% 12.84% 14.24%
Basel III capital ratios - Merchants Bank of Indiana

Where Merchants Bank of Indiana ranks

Every one of the 4,307 FDIC-insured banks with a computed health score, bucketed by score. Merchants Bank of Indiana's score of 86/100 falls in the highlighted band.

Merchants Bank of Indiana: health score vs. every FDIC-insured bank

0-100 composite health score, FDIC Call Reports

86 Top 30% higher than 70% 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 of Indiana 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 of Indiana'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 of Indiana's $19.4B falls in the highlighted band.

Safety ratios for Merchants Bank of Indiana

Tier 1 capital ratio
Well-capitalized 10%

12.84% of risk-weighted assets - above the federal "well-capitalized" threshold of 10%.

Tier 1 Capital Ratio
12.84%
Texas Ratio
8.53%
Equity Capital
$2.2B

What these ratios mean →

Earnings posture at Merchants Bank of Indiana

Return on Assets (ROA)
57th percentile nationally
1.20%
Return on Equity (ROE)
10.59%
Efficiency Ratio
43.06%

What these mean →

Income & expense at Merchants Bank of Indiana

$1.2B
Interest Income
$163M
Non-Interest Income
$297M
Non-Interest Expense

Asset quality, Texas Ratio detail

The Texas Ratio compares troubled assets to the capital available to absorb losses. Merchants Bank of Indiana reports a Texas Ratio of 8.53% - comfortably in the healthy band; non-performing loans are a small fraction of the bank’s loss-absorbing capital.

Texas Ratio
Caution 50%

8.53% - lower is safer; 100% is the level at which troubled assets equal loss-absorbing capital.

FDIC Failed Bank List → View Merchants Bank of Indiana on FDIC BankFind →

Top banks in Indiana by total assets

Largest banks headquartered in Indiana
  1. 1
    Old National Bank $71.8B

    Evansville, IN · Grade B

  2. 2
    Merchants Bank of Indiana $19.4B

    Carmel, IN · Grade A

  3. 3
    First Merchants Bank $19.0B

    Muncie, IN · Grade A

  4. 4
    Centier Bank $9.7B

    Whiting, IN · Grade A

  5. 5
    1st Source Bank $9.1B

    South Bend, IN · Grade A

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

National size peers: banks closest to Merchants Bank of Indiana by assets

Merchants Bank of Indiana is closely matched in total assets by Stifel Bank and Trust, Apple Bank, FirstBank Puerto Rico, TowneBank across 6 states -- its real national peer set, not just banks sharing a home state. Within that asset-matched cohort, the average ROA is 1.21%, versus Merchants Bank of Indiana's own 1.20%; the average efficiency ratio is 57.61%, versus 43.06% here; and average Tier 1 capital sits at 12.27%, versus 12.84% at Merchants Bank of Indiana. At this asset scale, banks are best benchmarked against one another by balance-sheet composition and capital discipline, not by shared geography.

At $19.4B in assets, Merchants Bank of Indiana has crossed the $10 billion threshold at which the CFPB takes over direct supervision for consumer-protection compliance under Dodd-Frank Act Section 1025, rather than leaving that oversight solely to the bank's primary prudential regulator.

Closest banks to Merchants Bank of Indiana nationally by total assets
  1. 1
    Stifel Bank and Trust $19.4B

    Saint Louis, MO · Grade A

  2. 2
    Apple Bank $19.2B

    New York, NY · Grade C

  3. 3
    FirstBank Puerto Rico $19.1B

    Santurce, PR · Grade A

  4. 4
    TowneBank $19.7B

    Portsmouth, VA · Grade B

  5. 5
    First Merchants Bank $19.0B

    Muncie, IN · Grade A

  6. 6
    Trustmark Bank $18.9B

    Jackson, MS · Grade B

Six FDIC-insured banks nearest in total assets nationwide, regardless of state.

Head-to-head against the six closest national size peers, same FDIC Call Report vintage.
BankStateAssetsROAEfficiencyTier 1
Merchants Bank of Indiana (this bank) IN $19.4B 1.20% 43.06% 12.84%
Stifel Bank and Trust MO $19.4B 1.82% 27.28% 11.18%
Apple Bank NY $19.2B 0.34% 78.94% 11.30%
FirstBank Puerto Rico PR $19.1B 1.69% 49.71% 15.60%
TowneBank VA $19.7B 0.90% 71.94% 11.34%
First Merchants Bank IN $19.0B 1.27% 54.97% 11.86%
Trustmark Bank MS $18.9B 1.26% 62.79% 12.33%

Nationwide banks with similar total assets

Nearest other-state banks with ≥$10M assets ($19.4B here), outside Indiana so the neighborhood is not state containment.

Stifel Bank and Trust $19.4B · MO Apple Bank $19.2B · NY FirstBank Puerto Rico $19.1B · PR TowneBank $19.7B · VA

Source: FDIC BankFind Suite, Call Report (FFIEC 031/041) Merchants Bank of Indiana (FDIC Cert #8056) - 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 of Indiana Call Report profile · FDIC Failed Bank List · Indiana FAILURE history · Informational only, not financial advice; consult a licensed professional before acting. See the disclaimer and methodology.

Other banks in Indiana

All Indiana banks →
BankAssetsGradeROA
Old National BankEvansville $71.8B B 1.16%
First Merchants BankMuncie $19.0B A 1.27%
Centier BankWhiting $9.7B A 1.67%
1st Source BankSouth Bend $9.1B A 1.84%
German American BankJasper $8.4B A 1.46%
Lake City BankWarsaw $7.0B A 1.61%
Horizon BankMichigan City $6.4B C -1.96%
United Fidelity Bank, fsbEvansville $6.3B D -0.09%