Merchants Bank
Rugby, North Dakota · FDIC Cert #8943
This is the FDIC profile for Merchants Bank, an FDIC-insured bank (Certificate #8943) with $242M in total assets and $208M in total deposits per its most recent FDIC Call Report filing (Q2 2024). 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) based on quarterly FDIC filings. 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
FDIC Filings & Call Report Data
Merchants Bank files quarterly Call Reports with the FDIC under Certificate #8943. The figures on this page reflect the Q2 2024 Call Report, which is the most recent FDIC filing currently available. Historical filings and Uniform Bank Performance Reports (UBPR) are accessible directly from the FDIC BankFind directory and the FFIEC Central Data Repository.
Track Merchants Bank
Subscribe for BankHealthData updates by email. No spam, unsubscribe anytime.
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 6 points below the North Dakota state average of 77 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 1574 similarly-sized banks, the average Health Score is 81, meaning this bank ranks below its size cohort. Site-wide, Merchants Bank is 9 points below the portfolio average of 80.
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's FDIC filings — including quarterly Call Reports and Uniform Bank Performance Reports — are filed under FDIC Certificate #8943 and available through the FDIC BankFind directory and the FFIEC Central Data Repository. The data on this page reflects the Q2 2024 Call Report.
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.