Total Assets
$19.4B
Total balance-sheet footings
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.
- $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.
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.
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 Deposits
$13.1B
Customer-funded liabilities
Net Loans
$15.4B
Outstanding loan book
Net Income
$228M
Bottom-line earnings
Capital adequacy vs federal thresholds
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'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 metrics
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
Profitability metrics
Return on Assets (ROA)
57th percentile nationally
1.20%
Return on Equity (ROE)
10.59%
Efficiency Ratio
43.06%
What the numbers say about Merchants Bank of Indiana
Merchants Bank of Indiana is an FDIC-insured institution (Certificate #8056) headquartered in Carmel, Indiana, established in 1923. It holds $19.4B in total assets - 105th of 4,313 FDIC-insured banks, $13.1B in customer deposits, and $15.4B in net loans. Looking at capital strength, Tier 1 stands at 12.84%, over the 10% well-capitalized line regulators set, while the Texas Ratio comes in at 8.53%, comfortably below the 50% caution mark. It earns a PlainBankData health grade of A (86/100), a composite of Tier 1 capital, ROA, the Texas Ratio, and efficiency. All of it traces back to the bank's own quarterly FDIC Call Report filing.
Merchants Bank of Indiana's asset base places it among the largest FDIC-insured institutions in the country, 105th of 4,313 nationally, and 2nd of 90 banks headquartered in Indiana. Only Old National Bank ($71.8B) is larger within the state. At this scale, the bank's own capital and asset-quality trends are a meaningful signal for the regional banking sector, not just its own depositors.
Income & expense breakdown
$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.
Top banks in Indiana by total assets
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.
| Bank | State | Assets | ROA | Efficiency | Tier 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% |
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.
Other banks in Indiana
All Indiana banks →| Bank | Assets | Grade | ROA |
|---|---|---|---|
| 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% |
Frequently asked questions
What is Merchants Bank of Indiana's health grade?▼
Merchants Bank of Indiana receives a health grade of A (86/100) based on four FDIC financial metrics: Tier 1 Capital Ratio (40%), Return on Assets (25%), Texas Ratio (20%), and Efficiency Ratio (15%). This bank demonstrates excellent financial health with strong capital ratios and profitability.
How large is Merchants Bank of Indiana?▼
Merchants Bank of Indiana holds $19.4B in total assets and $13.1B in deposits, ranking 105th of 4,313 FDIC-insured banks by asset size. It is headquartered in Carmel, Indiana.
Is my money safe at Merchants Bank of Indiana?▼
Yes, deposits at Merchants Bank of Indiana (Certificate #8056) are FDIC-insured up to $250,000 per depositor, per ownership category, regardless of health grade.
What is Merchants Bank of Indiana's Tier 1 Capital Ratio?▼
Merchants Bank of Indiana has a Tier 1 Capital Ratio of 12.84%. This exceeds the 10% threshold for "well-capitalized" status under federal banking regulations.
What is the Texas Ratio for Merchants Bank of Indiana?▼
Merchants Bank of Indiana has a Texas Ratio of 8.53%. A ratio below 50% is generally considered healthy. The Texas Ratio measures non-performing loans against equity and reserves, a higher ratio signals greater exposure to loan losses.
How efficient is Merchants Bank of Indiana?▼
Merchants Bank of Indiana has an Efficiency Ratio of 43.06%. Below 60% is considered efficient, the bank converts a strong share of revenue into profit. This metric compares non-interest expenses to total revenue.
What to do with this
How to read Merchants Bank of Indiana's profile as a depositor or analyst.
- Merchants Bank of Indiana's grade reflects capital, profitability, and asset quality, read the four pillars before drawing conclusions. How grades work
- Compare Merchants Bank of Indiana against other Indiana banks before moving funds. Indiana banks
Not financial advice. Health grades are PlainBankData's interpretation of public FDIC Call Report data, not official FDIC ratings or predictions. Verify the latest figures at the FDIC BankFind Suite.
Every figure on PlainBankData is rendered directly from FDIC federal source data, no number is typed in by an editor. Informational only, not professional advice; consult a qualified professional before acting on it. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of Q4 2025.
Disclaimer: Data from the FDIC BankFind Suite. PlainBankData does not rate or rank banks as investment or safety recommendations. Health grades are informational only, computed from public regulatory filings. Always verify current standing directly with FDIC.gov before making financial decisions.