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First Merchants Bank

IDRSSD: 17147
Total Assets
—
Latest filing
Total Deposits
—
Latest filing
Net Interest Margin
—
Profitability

Vital Signs Report — 2024-Q2

Per-quarter snapshot for 2024-Q2: composite Vital Signs Score, all five pillars, and ranked Watch Items.

Synthesis

Vital Signs Score
83
/ 100
StrongAs of 2024-Q2QoQ -6

Weighted composite of five pillars (Liquidity, Securities, Capitalization, Asset Quality, Reserves). Missing pillars are dropped from the denominator. See methodology footer.

Quarterly Headline

2024-Q2

Bank #17147 2024-Q2 Vital Signs Score: 83/100 — overall strong. Strongest pillar: Securities (strong). Weakest pillar: Capitalization (stable).

Liquidity:Stable
Securities:Strong
Capitalization:Stable
Asset Quality:Strong
Reserves:Strong

Top 3 Watch Items

  1. watch
    Cash / Assets below 3%
    Liquidity — Cash 1.50% of assets (threshold 3%).
  2. info
    Net charge-offs elevated
    Asset Quality — NCO YTD 1.26% of loans.

What changed this quarter

Compared to Q1 2024:
↓ -6 ptscomposite
  • Liquidity
    ↓ -5
  • Securities
    — —
  • Capitalization
    ↓ -9
  • Asset Quality
    ↓ -11
  • Reserves
    ↓ 0

The five pillars

Liquidity

StableQoQ -5
71
Sub-score

Liquidity is stable: brokered 4.3%, loans/deposits 85.4%, cash 1.5% of assets.

Cash / Assets
1.50%
Loans / Deposits
85.36%
Brokered %
4.32%

Watch Items

  • watchCash / Assets below 3% — Cash 1.50% of assets (threshold 3%).

Securities

Strong
100
Sub-score

Securities profile is strong: securities 11.7% of assets.

MtM Loss / Tier 1
—
SVB watch metric
Securities / Assets
11.67%
No watch items at this period.

Capitalization

StableQoQ -9
69
Sub-score

Capital position is stable: Tier 1 RBC 11.32%, CET1 11.32%, leverage 9.27%.

Tier 1 RBC
11.32%
CET1
11.32%
Leverage
9.27%
No watch items at this period.

Asset Quality

StrongQoQ -11
88
Sub-score

Asset quality is strong: Adjusted NPL 0.51%, Texas Ratio 3.3%, NCO YTD 1.26%.

Adjusted NPL
0.51%
Govt-guarantees stripped
Texas Ratio
3.3%
NCO YTD
1.26%
30-89 PD
0.44%
Band 0.3% / 3.0%
90+ PD
0.01%
Band 0.1% / 2.0%

Watch Items

  • infoNet charge-offs elevated — NCO YTD 1.26% of loans.

Reserves

StrongQoQ 0
100
Sub-score

Reserves are strong: ALLL 1.50% of loans, coverage 298.1%, true coverage 205.2%.

ALLL / Loans
1.50%
Coverage
298.1%
True Loss Coverage
205.2%
No watch items at this period.

Methodology + sources

Vital Signs Score
Composite of five pillar sub-scores, each 0–100. Weights: Liquidity 20%, Securities 15%, Capitalization 25%, Asset Quality 25%, Reserves 15%. See functions/src/vitalSignsScore.ts for the complete formula and band anchors.
Period addressing
Per-quarter URLs accept "YYYY-Q{n}" (canonical), "YYYYqQ" (compact form), or "YYYY-MM-DD" quarter-end dates. All forms canonicalize to the same snapshot.
Source data
FFIEC Call Report Schedules RC, RC-A, RC-B, RC-E, RC-M, RC-N, RC-R, RI, and RI-B Pt I/II via CallReport_Financials + CallReport_FdicData (Visbanking nightly ingest).

Five-pillar framework follows industry-standard bank-health analytical conventions. Composite scoring is Visbanking's own.

Generated: 2026-05-13 16:48:22 UTC