Merchants Bank of Indiana
Carmel, IN
IDRSSD: 963945
Total Assets
$19.39B
Latest filing
Total Deposits
$13.10B
Latest filing
Net Interest Margin
3.10%
Profitability
Routing numbers
Primary routing transit numbers associated with this institution.
1 routeView all→
074909153CARMEL, IN
Key People
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Locations
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Main Office
Merchants Bank of Indiana
410 Monon Blvd
Carmel, IN 46032
Full Service - Brick and Mortar
Updated 01/30/2026Established 06/23/1923FDIC Certificate 5125
Branches (6)
Page 1 of 1| Name | Address | City / State |
|---|---|---|
| Merchants Bank of Indiana (Main) | 410 Monon Blvd | Carmel, IN |
| INDIANAPOLIS BANK BRANCH | 3737 E 96th St | Indianapolis, IN |
| SPARTANBURG BRANCH | 6880 S Arba Pike | Lynn, IN |
| MERCHANTS BANK OF INDIANA CARMEL OFFICE BRANCH | 11590 N Meridian St | Carmel, IN |
| LYNN BRANCH | 201 South Main Street | Lynn, IN |
| MERCHANTS BANK OF INDIANA - THE RICHMOND BRANCH | 701 E Main St | Richmond, IN |
| RICHMOND BRANCH | 1400 Industries Road, Suite 200 | Richmond, IN |
Showing 6 of 6
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, state charter, Fed non-member, and supervised by the FDIC |
| Primary Regulator | FDIC |
| Established Date | 06/23/1923 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 46032 |
| State and County Number | 18057 |
| Subchapter S Corporations | No |
| Trust Powers | Full Trust Powers Granted |
| Federal Reserve ID Number | 07 |
| Numeric code | 21 |
| Insured by FDIC | Institutions that are currently open and insured by the FDIC |
| Federal Reserve District | Chicago |
| Core Based Statistical Area Name | Indianapolis-Carmel-Anderson, IN |
Operational Info
| Number of Employees | 729 |
| Domestic Offices | 7 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 01/26/2024 |
| Date of Deposit Insurance | 01/01/1934 |
| Primary Insurance Agency | DIF |
| Website | www.bankmerchants.com |
| Data Updated | 01/30/2026 |
| CERT | 8056 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $19.39B |
| Total Deposits | $13.10B |
| Total Liabilities | $17.16B |
| Total Equity Capital | $2.24B |
| Net Income | $72.21M |
| Net Loans and Leases | $15.44B |
| Assets Per Employee ($Millions) | $26.78M |
| Bank Premises and Fixed Assets | $79.12M |
| Cash and Balances due from Depository Institutions | $212.20M |
| Deposits Held in Domestic Offices | $13.10B |
Key Performance Ratios
| Return on Assets (ROA) | 1.49% |
| Return on Equity (ROE) | 13.09% |
| Net Interest Margin | 3.1% |
| Efficiency Ratio | 43.57% |
| Tier 1 Risk-Based Capital Ratio | 12.835% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0.57% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 11.528% |
| Earning Assets to total Assets | 93.09% |
Income and Expense
| Total Interest Income | $306.78M |
| Total Noninterest Income | $49.19M |
| Total Interest Expense | $166.14M |
| Total Noninterest Expense | $82.72M |
| Net Interest Income | $140.64M |
| Pre-tax Net Operating Income | $79.35M |
| Provision for Credit Losses | $27.76M |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | — |
| Other Real Estate Owned | $60.15M |
| Other borrowed funds | $3.77B |
| Federal Funds Sold & Reverse Repurchase Agreement | $1.52M |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $283.21M |
| Total Liabilities and Capital | $19.39B |
Securities
| Securities | $1.84B |
| Available-for-sale debt securities | $293.74M |
| Equity securities with readily determinable fair values not held for trading | — |
| Held-to-maturity securities | $1.54B |
| Subordinated Debt | $0 |
| Trading Account Assets | $571.31M |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of Merchants Bank of Indiana?
$19.39B as of the latest filing.
How much are Merchants Bank of Indiana's total deposits?
$13.10B in total deposits.
Where is Merchants Bank of Indiana located?
Carmel, IN.
What is the Net Interest Margin?
3.10%.
How many domestic offices does it operate?
7.
When was it established?
06/23/1923.
What is the Return on Assets (ROA)?
1.49%.
How much are total loans and leases?
$15.44B (latest filing).
What is the total interest income (latest filing)?
$306.78M.