Merchants Bank
Rugby, North Dakota · FDIC Cert #8943
Merchants Bank is an FDIC-insured bank (Certificate #8943) with $242M in total assets and $208M in total deposits as of the Q2 2024 Call Report. Headquartered in Rugby, North Dakota, the bank maintains a Tier 1 capital ratio of 10.89% (Well-Capitalized) and a nonperforming loan ratio of 2.05%. BankHealthData assigns a composite Health Grade of B (71/100). All deposits up to $250,000 per depositor per ownership category are FDIC insured.
Merchants Bank (FDIC cert 8943) is a community bank — $242M in total assets, $208M in deposits, serving the Rugby, North Dakota area. Community banks make up the largest share of U.S. banks by count but a much smaller share by assets.
Capital position is adequate: Tier 1 capital ratio of 10.89% meets the 8% well-capitalized threshold but does not provide substantial buffer above it. Adequate capital is regulatory-acceptable but leaves less room for absorbing unexpected losses. Asset quality is elevated: non-performing loan ratio of 2.05% runs above 2%, suggesting the loan book carries more credit risk than peer banks. Elevated NPL can reflect specific portfolio concentrations or broader credit-cycle pressure. Liquidity is comfortable: 26.4% of assets in liquid form — sufficient to cover meaningful deposit-outflow scenarios without forced asset sales.
Profitability is strong: return on assets of 1.51% is well above the 1.0% benchmark most analysts use as the threshold for a healthy bank. Strong ROA usually reflects disciplined cost management, healthy net interest margins, or both. Health-score trend is improving: the bank's composite score is up materially over the most recent quarters in the dataset. Improving trends usually reflect either capital strengthening, asset-quality recovery, or sustained profitability gains. Merchants Bank carries a composite BankHealth grade of B (71/100) as of the 2024-06 Call Report filing. The grade combines capital ratios (Tier 1), asset quality (non-performing loans), liquidity, and profitability into a single signal.
Source: FDIC BankFind API — Call Report data.
Key Facts: Merchants Bank
- Total Assets
- $242M
- Total Deposits
- $208M
- Tier 1 Capital Ratio
- 10.89%
- Capital Status
- Well-Capitalized
- Nonperforming Loans
- 2.05%
- Liquidity Ratio
- 26.35%
- Return on Assets
- 1.51%
- Headquarters
- Rugby, North Dakota
- FDIC Certificate
- #8943
- Health Grade
- B (71/100)
- Latest Call Report
- Q2 2024
Capital & Safety Analysis
According to FDIC financial data, Merchants Bank holds a Tier 1 capital ratio of 10.89%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning Merchants Bank has a strong buffer to absorb potential losses.
Key Financial Metrics
What This Means For Your Money
Merchants Bank shows strong financial health indicators. With $242M in assets and a Health Score of 71/100, this bank demonstrates solid capital reserves, manageable loan risk, and adequate liquidity to serve its depositors.
Remember: FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically have access to their funds within two business days.
How Merchants Bank Compares
Merchants Bank’s Health Score of 71 is 3 points above the North Dakota state average of 68 across 55 FDIC-insured banks. Its 10.89% Tier 1 capital ratio is 3.1 points below the US banking industry average near 14%. The 2.05% nonperforming loan ratio is higher than the industry norm (~0.8%), indicating more credit stress than peers. Return on assets of 1.51% is in line with or above the national ROA benchmark of ~1.1%. Among 1573 similarly-sized banks, the average Health Score is 69, meaning this bank ranks above its size cohort. Site-wide, Merchants Bank is 1 points above the portfolio average of 70.
Frequently Asked Questions
Merchants Bank has a Bank Health Score of B (71/100), placing it in solid financial health. It holds a Tier 1 capital ratio of 10.89%, which is above the 8% "well-capitalized" threshold. All deposits up to $250,000 per depositor are FDIC insured regardless of the bank's health.
Bank failures are uncommon — only ~5 of 4,000+ FDIC-insured banks fail in a typical year. Merchants Bank's Tier 1 capital ratio of 10.89% and nonperforming loan ratio of 2.05% indicate a low risk profile relative to the industry. Even in a failure scenario, insured deposits ($250K per depositor per ownership category) are typically available within two business days.
Money in checking, savings, money market, and CD accounts at Merchants Bank is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #8943). Joint accounts get $250K per co-owner. Funds above the limit are not insured — for higher balances, consider spreading across multiple banks or using a CDARS-like network.
Merchants Bank holds $242M in total assets and $208M in total deposits. It is headquartered in Rugby, North Dakota (FDIC Certificate #8943).
Merchants Bank has a Tier 1 capital ratio of 10.89%, classifying it as "Well-Capitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's nonperforming loan ratio is 2.05%, and the return on assets is 1.51%.
Yes. Merchants Bank is FDIC-insured (Certificate #8943). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category — covering checking, savings, money market deposit accounts, and CDs. Even if a bank fails, insured depositors typically regain access to funds within two business days.
An B grade on our Bank Health Score means 70-84/100 — solid financial position with no major stress signals. The grade combines Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).
Merchants Bank's metrics indicate solid financial health with no major stress signals — there's no current data-driven reason to move insured deposits. The FDIC's $250K-per-depositor insurance applies regardless of the bank's health.