Merchants Bank, National Association
Winona, MN
IDRSSD: 779351
Total Assets
$2.82B
Latest filing
Total Deposits
$2.45B
Latest filing
Net Interest Margin
3.50%
Profitability
Locations
Main office and branches. Select to view on the map.
Main Office
Merchants Bank, National Association
100 E 3rd St
Winona, MN 55987
Full Service - Brick and Mortar
Updated 11/14/2025Established 01/01/1875FDIC Certificate 5660
Branches (21)
Page 1 of 3| Name | Address | City / State |
|---|---|---|
| Merchants Bank, National Association (Main) | 100 E 3rd St | Winona, MN |
| ALLIANCE BANK BRANCH | 2728 Mall Dr | Eau Claire, WI |
| ROSEMOUNT NATIONAL BANK BRANCH | 15055 Chippendale Avenue South | Rosemount, MN |
| HASTINGS BRANCH | 1525 Vermillion St | Hastings, MN |
| APPLE VALLEY BRANCH | 7300 147th St W | Apple Valley, MN |
| GOODVIEW FACILITY | 4124 Sixth Street-Goodview | Winona, MN |
| ST. CHARLES BRANCH | 1130 Whitewater Ave | St. Charles, MN |
| MERCHANTS LAKESIDE BRANCH | 627 Mankato Ave | Winona, MN |
Showing 7 of 21
Quarterly Trends
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Total Assets vs Total Liabilities
Loans & Leases vs Deposits
Interest Income vs Expense
Net Interest Income
Noninterest Expense vs Income
Net Income
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Institution Profile
| Institution Class | Commercial bank, national (federal) charter, Fed member, and supervised by the OCC |
| Primary Regulator | OCC |
| Established Date | 01/01/1875 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 55987 |
| State and County Number | 27169 |
| Subchapter S Corporations | No |
| Trust Powers | Full Trust Powers Granted |
| Federal Reserve ID Number | 09 |
| Numeric code | 3 |
| Insured by FDIC | Institutions that are currently open and insured by the FDIC |
| Federal Reserve District | Kansas City |
| Core Based Statistical Area Name | Winona, MN |
Operational Info
| Number of Employees | 378 |
| Domestic Offices | 22 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 06/30/2024 |
| Date of Deposit Insurance | 01/01/1934 |
| Primary Insurance Agency | DIF |
| Website | www.merchantsbank.com |
| Data Updated | 11/14/2025 |
| CERT | 8866 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $2.82B |
| Total Deposits | $2.45B |
| Total Liabilities | $2.49B |
| Total Equity Capital | $329.98M |
| Net Income | $9.62M |
| Net Loans and Leases | $2.04B |
| Assets Per Employee ($Millions) | $7.5M |
| Bank Premises and Fixed Assets | $36.20M |
| Cash and Balances due from Depository Institutions | $213.47M |
| Deposits Held in Domestic Offices | $2.45B |
Key Performance Ratios
| Return on Assets (ROA) | 1.38% |
| Return on Equity (ROE) | 11.85% |
| Net Interest Margin | 3.5% |
| Efficiency Ratio | 59.03% |
| Tier 1 Risk-Based Capital Ratio | 12.942% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 11.695% |
| Earning Assets to total Assets | 91.94% |
Income and Expense
| Total Interest Income | $34.36M |
| Total Noninterest Income | $8.98M |
| Total Interest Expense | $11.98M |
| Total Noninterest Expense | $18.52M |
| Net Interest Income | $22.38M |
| Pre-tax Net Operating Income | $12.85M |
| Provision for Credit Losses | $-2,000 |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | $0 |
| Other Real Estate Owned | $2.01M |
| Other borrowed funds | $627.00k |
| Federal Funds Sold & Reverse Repurchase Agreement | $198.00k |
| Federal Funds Purchased and Repurchased Agreement | $15.28M |
| All Other Liabilities | $23.62M |
| Total Liabilities and Capital | $2.82B |
Securities
| Securities | $377.50M |
| Available-for-sale debt securities | $339.52M |
| Equity securities with readily determinable fair values not held for trading | $0 |
| Held-to-maturity securities | $37.98M |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of Merchants Bank, National Association?
$2.82B as of the latest filing.
How much are Merchants Bank, National Association's total deposits?
$2.45B in total deposits.
Where is Merchants Bank, National Association located?
Winona, MN.
What is the Net Interest Margin?
3.50%.
How many domestic offices does it operate?
22.
When was it established?
01/01/1875.
What is the Return on Assets (ROA)?
1.38%.
How much are total loans and leases?
$2.04B (latest filing).
What is the total interest income (latest filing)?
$34.36M.