Merchants Bank of Indiana
Carmel, Indiana · FDIC Cert #8056
Merchants Bank of Indiana is an FDIC-insured bank (Certificate #8056) with $18.2B in total assets and $15.0B in total deposits as of the Q2 2024 Call Report. Headquartered in Carmel, Indiana, the bank maintains a Tier 1 capital ratio of 11.40% (Well-Capitalized) and a nonperforming loan ratio of 0.98%. BankHealthData assigns a composite Health Grade of B (66/100). All deposits up to $250,000 per depositor per ownership category are FDIC insured.
Merchants Bank of Indiana (FDIC cert 8056) is a large bank with $18.2B in total assets and $15.0B in deposits, headquartered in Carmel, Indiana. Banks at this scale typically operate across multiple states and face enhanced regulatory scrutiny under the federal banking-supervisory framework.
Capital position is adequate: Tier 1 capital ratio of 11.40% 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 normal: non-performing loan ratio of 0.98% sits in the typical 0.5-2% range for healthy U.S. banks. Some NPL is unavoidable in any meaningful lending portfolio. Liquidity is thin: 11.9% liquid-asset ratio. Banks with thin liquidity buffers can face stress during deposit-outflow events or asset-quality shocks.
Profitability is strong: return on assets of 2.46% 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 mildly negative across recent quarters. Mild declines can reflect either specific quarterly events (large one-time provisions, deposit shifts) or the early stages of broader pressure. Merchants Bank of Indiana carries a composite BankHealth grade of B (66/100) 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 of Indiana
- Total Assets
- $18.2B
- Total Deposits
- $15.0B
- Tier 1 Capital Ratio
- 11.40%
- Capital Status
- Well-Capitalized
- Nonperforming Loans
- 0.98%
- Liquidity Ratio
- 11.91%
- Return on Assets
- 2.46%
- Headquarters
- Carmel, Indiana
- FDIC Certificate
- #8056
- Health Grade
- B (66/100)
- Latest Call Report
- Q2 2024
Capital & Safety Analysis
According to FDIC financial data, Merchants Bank of Indiana holds a Tier 1 capital ratio of 11.40%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning Merchants Bank of Indiana has a strong buffer to absorb potential losses.
Key Financial Metrics
What This Means For Your Money
Merchants Bank of Indiana shows strong financial health indicators. With $18.2B in assets and a Health Score of 66/100, 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 of Indiana Compares
Merchants Bank of Indiana’s Health Score of 66 is 4 points below the Indiana state average of 70 across 73 FDIC-insured banks. Its 11.40% Tier 1 capital ratio is 2.6 points below the US banking industry average near 14%. The 0.98% nonperforming loan ratio is higher than the industry norm (~0.8%), indicating more credit stress than peers. Return on assets of 2.46% is in line with or above the national ROA benchmark of ~1.1%. Among 103 similarly-sized banks, the average Health Score is 79, meaning this bank ranks below its size cohort. Site-wide, Merchants Bank of Indiana is 4 points below the portfolio average of 70.
Frequently Asked Questions
Merchants Bank of Indiana has a Bank Health Score of B (66/100), placing it in solid financial health. It holds a Tier 1 capital ratio of 11.40%, 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 of Indiana's Tier 1 capital ratio of 11.40% and nonperforming loan ratio of 0.98% 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 of Indiana is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #8056). 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 of Indiana holds $18.2B in total assets and $15.0B in total deposits. It is headquartered in Carmel, Indiana (FDIC Certificate #8056).
Merchants Bank of Indiana has a Tier 1 capital ratio of 11.40%, classifying it as "Well-Capitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's nonperforming loan ratio is 0.98%, and the return on assets is 2.46%.
Yes. Merchants Bank of Indiana is FDIC-insured (Certificate #8056). 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 of Indiana'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.