What is Merchants Bank of Indiana's financial health grade?

Merchants Bank of Indiana has a TFS Financial Health Grade of D (score: 63.2/100). This grade is based on capital adequacy, asset quality, earnings, and consumer protection metrics.

How many branches does Merchants Bank of Indiana have?

Merchants Bank of Indiana has 7 branch locations across the United States.

Is Merchants Bank of Indiana FDIC insured?

Yes, Merchants Bank of Indiana is FDIC insured (Certificate #8056).

What are the total assets of Merchants Bank of Indiana?

Merchants Bank of Indiana has total assets of $19.4B as reported in its most recent FDIC filing.

Merchants Bank of Indiana

BankCarmel, Indiana

www.bankmerchants.com

Total Assets

$19.4B

Total Deposits

$13.1B

Branches

Established

1923

TFS Health Grade

63.2 / 100

Below average financial health

How we grade

Merchants Bank of Indiana is a bank headquartered in Carmel, Indiana, established in 1923. With $19.4B in total assets and 7 branch locations, it has a TFS Financial Health Grade of D (63.2/100).

Capital & Safety

Tier 1 Capital Ratio

11.28%(8%)

Total Capital Ratio

13.37%(10%)

Non-Performing Loan Ratio

1.27%

Profitability

Return on Assets (ROA)

1.20%(1%)

Return on Equity (ROE)

10.59%(10%)

Net Interest Margin

2.94%

Efficiency Ratio

43.06%(60%)

Lending & Liquidity

Total Loans

$15.5B

Loan-to-Deposit Ratio

117.88%

Net Charge-Off Ratio

0.82%

Growth

Asset Growth (YoY)

+4.13%

Deposit Growth (YoY)

+9.37%

Net Income

$227.6M

Data sourced from FDIC BankFind Suite / NCUA Call Reports as of 2025-Q4. This data is provided by the federal government and is believed to be accurate, but TheFinanceSection.com cannot guarantee its completeness or timeliness.

Branch	Address	City	State	Type
Merchants Bank of IndianaHQ	410 Monon Blvd	Carmel	IN	11
Merchants Bank of Indiana	11590 N Meridian St	Carmel	IN	11
Merchants Bank of Indiana	3737 E 96th St	Indianapolis	IN	11
Merchants Bank of Indiana	6880 S Arba Pike	Lynn	IN	11
Merchants Bank of Indiana	201 South Main Street	Lynn	IN	11
Merchants Bank of Indiana	701 E Main St	Richmond	IN	11
Merchants Bank of Indiana	1400 Industries Road, Suite 200	Richmond	IN	11

Data sourced from FDIC BankFind Suite. This data is provided by the federal government and is believed to be accurate, but TheFinanceSection.com cannot guarantee its completeness or timeliness.