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Merchants Bank of Indiana
Carmel, IN·FDIC Cert #8056·Charter: STATE·Est. 19230623.0·HC: MERCHANTS BCORP
Total Assets
$19.4B
Q4 2025
Return on Assets
1.20%
+0.10%Peer avg: 1.15%
Equity / Assets
0.00%
Capital ratio
Efficiency Ratio
43.06%
Peer avg: 54.4%
CAMELS Profile
Capital, Asset Quality, Management, Earnings, Liquidity, Sensitivity
53
Fair
Income Decomposition
Waterfall — how net income is built
Key Ratios — 12-Quarter Trend
ROA
1.20%+0.10
ROE
10.59%+0.85
Efficiency
43.06%+0.19
Equity/Assets
0.00%+0.00
NPL Ratio
1.28%-0.70
Tier 1 Leverage
0.00%+0.00
Loan/Deposit
117.88%+10.31
Charge-offs
0.82%+0.06
Quarter-over-Quarter Changes
Heatmap — green = improving, red = deteriorating
| Ratio | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 |
|---|---|---|---|---|---|---|---|---|
| ROA | 2.0 | 1.9 | 1.7 | 1.8 | 1.3 | 1.1 | 1.1 | 1.2 |
| ROE | 20.5 | 18.8 | 16.9 | 17.5 | 11.3 | 9.4 | 9.7 | 10.6 |
| Efficiency | 28.4 | 29.6 | 32.9 | 32.7 | 41.6 | 42.0 | 42.9 | 43.1 |
| Equity/Assets | — | — | — | — | — | — | — | — |
| Tier 1 Lev. | — | — | — | — | — | — | — | — |
| NPL Ratio | 0.9 | 1.0 | 1.5 | 1.9 | 1.9 | 1.7 | 2.0 | 1.3 |
| Charge-offs | 0.0 | 0.1 | 0.1 | 0.1 | 0.3 | 0.8 | 0.8 | 0.8 |
| Loan/Deposit | 102.3 | 97.7 | 112.1 | 121.5 | 118.0 | 117.2 | 107.6 | 117.9 |
Balance Sheet
Total Assets$19.4B
Total Deposits$13.1B
Total Loans$15.4B
Total Equity$2.2B
Profitability
ROA1.20%
ROE10.59%
Efficiency Ratio43.06%
Net Income$227.6M
Risk & Asset Quality
NPL Ratio1.28%
Charge-off Rate0.82%
Loan/Deposit117.88%
Tier 1 LeverageN/A
Historical Trends
Balance Sheet ($B)
Assets, Deposits, Loans
Profitability Ratios
ROA, ROE (%)
Efficiency Ratio
Lower = more efficient
Asset Quality — NPL Ratio
Non-performing loans / total loans