FDIC Cert #8943 · Rugby, North Dakota · Est. 1897

Merchants Bank - FDIC Bank Health Profile

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

Compiled from official public sources by the publisher.
$269M
Total assets
A
Health grade · Excellent
1.39%
Return on assets
12.9%
Tier 1 capital

Data updated July 2026

The verdict

Merchants Bank earns a PlainBankData health grade of A (83/100), with well-capitalized at 12.89% Tier 1, profitable at 1.39% ROA, efficient (53% cost ratio).

#2,650
largest of 4,313 FDIC banks by assets
39th
percentile by asset size, nationally
12.89%
Tier 1 ratio - above the 10% well-capitalized line
69th
percentile for profitability (ROA), nationally

PlainBankData assigns this grade from public Call Report data; it isn't an official FDIC rating, and your deposits remain insured to $250,000 per depositor, per ownership category no matter the score.

FDIC Call Report plate

Cert 8943 · ND A · 83/100

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

  • GRADE-A A (83/100)
  • MID-PACK #1659/4307
  • PHOTO-FINISH Peoples Bank & Trust… · MO
  • TIER1-WELL 12.9% Tier 1
  • TEXAS-CLEAN 7.9% Texas
  • ROA-STRONG 1.39% ROA
  • SIZE-MID $100M–1B
  • BOOK-FULL 9/9 fields

Nearest health peer outside North Dakota: 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 North Dakota, not a full FDIC corpus board reprint.

Morgan Stanley Bank,… · UT ·…100/100Grand Marais State B… · MN ·…83/100Merchants Bank · ND · this b…83/100Merchants 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

Plate reading for Merchants Bank where failures stay rare

Merchants Bank (FDIC Cert #8943) 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 #1,659 of 4,307. Tier 1 capital prints at 12.89%, clearing the 10% well-capitalized line. The Texas Ratio is 7.87%, inside the sub-50% band analysts treat as healthy. Return on assets is 1.39%. Balance-sheet scale is $269M, 2,650th 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

Zero FAILURE resolutions in North Dakota since 2000

Merchants Bank is headquartered in a state where FDIC FAILURE resolutions have been rare or absent since 2000 (0 of 578 nationwide). That is a historical count of closed institutions, not a forecast for this Call Report sheet.

  • FIRST FS & LA OF FARGO FARGO, ND 1991 → FIRST NB OF ND
  • FIRST NATIONAL BANK OF CROSBY CROSBY, ND 1990 → FIRST NATIONAL BANK & TRUST
  • THE FIRST STATE BANK OF REGENT REGENT, ND 1990 → FIRST NATIONAL BANK

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

How Merchants Bank'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's composite health score
Tier 1 Capital Ratio (12.89%) 35/40
Return on Assets (ROA) (1.39%) 20/25
Texas Ratio (7.87%) 16/20
Efficiency Ratio (52.67%) 12/15

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

Balance sheet at a glance

Total Assets

$269M

Total balance-sheet footings

Total Deposits

$239M

Customer-funded liabilities

Net Loans

$192M

Outstanding loan book

Net Income

$4M

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.) 11.49% 12.89% 14.29%
Basel III capital ratios - Merchants Bank

Where Merchants Bank ranks

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

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

0-100 composite health score, FDIC Call Reports

83 Top 39% higher than 61% 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'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's $269M falls in the highlighted band.

Safety metrics: Merchants Bank

Tier 1 capital ratio
Well-capitalized 10%

12.89% of risk-weighted assets - above the federal "well-capitalized" threshold of 10%.

Tier 1 Capital Ratio
12.89%
Texas Ratio
7.87%
Equity Capital
$25M

What these ratios mean →

Earnings posture at Merchants Bank

Return on Assets (ROA)
69th percentile nationally
1.39%
Return on Equity (ROE)
14.82%
Efficiency Ratio
52.67%

What these mean →

Income & expense at Merchants Bank

$14M
Interest Income
$356K
Non-Interest Income
$6M
Non-Interest Expense

Asset quality, Texas Ratio detail

The Texas Ratio compares troubled assets to the capital available to absorb losses. Merchants Bank reports a Texas Ratio of 7.87% - comfortably in the healthy band; non-performing loans are a small fraction of the bank’s loss-absorbing capital.

Texas Ratio
Caution 50%

7.87% - lower is safer; 100% is the level at which troubled assets equal loss-absorbing capital.

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

Top banks in North Dakota by total assets

Largest banks headquartered in North Dakota
  1. 1
    Bell Bank $14.4B

    Fargo, ND · Grade C

  2. 2
    First International Bank & Trust $6.2B

    Watford City, ND · Grade B

  3. 3
    Choice Financial Group $6.0B

    Fargo, ND · Grade B

  4. 4
    Alerus Financial $5.2B

    Grand Forks, ND · Grade C

  5. 5
    Gate City Bank $4.0B

    Fargo, ND · Grade D

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

Nationwide banks with similar total assets

Nearest other-state banks with ≥$10M assets ($269M here), outside North Dakota so the neighborhood is not state containment.

The Farmers Bank $269M · KY Success Bank $270M · IA Greenville Federal $269M · OH United Citizens Bank of Southern Kent… $270M · KY

Source: FDIC BankFind Suite, Call Report (FFIEC 031/041) Merchants Bank (FDIC Cert #8943) - 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 Call Report profile · FDIC Failed Bank List · North Dakota FAILURE history · Informational only, not financial advice; consult a licensed professional before acting. See the disclaimer and methodology.

Other banks in North Dakota

All North Dakota banks →
BankAssetsGradeROA
Bell BankFargo $14.4B C 0.59%
First International Bank & TrustWatford City $6.2B B 1.69%
Choice Financial GroupFargo $6.0B B 1.22%
Alerus Financial, National AssociationGrand Forks $5.2B C 0.42%
Gate City BankFargo $4.0B D 0.60%
Bravera BankDickinson $3.8B B 1.12%
Western State BankDevils Lake $2.6B A 1.79%
First Western Bank & TrustMinot $2.3B C 0.84%