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Merchants Bank Of Indiana

IDRSSD: 963945
Total Assets
—
Latest filing
Total Deposits
—
Latest filing
Net Interest Margin
—
Profitability

Vital Signs Report — 2024-Q3

Per-quarter snapshot for 2024-Q3: composite Vital Signs Score, all five pillars, and ranked Watch Items.

Synthesis

Vital Signs Score
65
/ 100
StableAs of 2024-Q3QoQ -3

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

Quarterly Headline

2024-Q3

Bank #963945 2024-Q3 Vital Signs Score: 65/100 — overall stable. Strongest pillar: Securities (strong). Weakest pillar: Reserves (risk).

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

Top 3 Watch Items

  1. watch
    True Loss Coverage Ratio below 50%
    Reserves — True coverage 30.3% (Adjusted NPL + Performing Mods denominator).
  2. watch
    Loans / Deposits above 100%
    Liquidity — Loans/Deposits 112.1% (threshold 100%).
  3. info
    ALLL / NPL below 50%
    Reserves — Coverage 40.1% (regulatory soft-warning level 50%).

What changed this quarter

Compared to Q2 2024:
↓ -3 ptscomposite
  • Liquidity
    ↑ 0
  • Securities
    — —
  • Capitalization
    ↓ 0
  • Asset Quality
    ↓ -8
  • Reserves
    ↓ -6

The five pillars

Liquidity

WatchQoQ 0
51
Sub-score

Liquidity is deteriorating: brokered 21.6%, loans/deposits 112.1%, cash 3.2% of assets.

Cash / Assets
3.24%
Loans / Deposits
112.08%
Brokered %
21.62%

Watch Items

  • watchLoans / Deposits above 100% — Loans/Deposits 112.1% (threshold 100%).

Securities

Strong
100
Sub-score

Securities profile is strong: securities 10.2% of assets.

MtM Loss / Tier 1
—
SVB watch metric
Securities / Assets
10.24%
No watch items at this period.

Capitalization

StableQoQ 0
71
Sub-score

Capital position is stable: Tier 1 RBC 11.39%, CET1 11.39%, leverage 10.39%.

Tier 1 RBC
11.39%
CET1
11.39%
Leverage
10.39%
No watch items at this period.

Asset Quality

StrongQoQ -8
86
Sub-score

Asset quality is strong: Adjusted NPL 1.46%, Texas Ratio 10.6%, NCO YTD 0.06%.

Adjusted NPL
1.46%
Govt-guarantees stripped
Texas Ratio
10.6%
NCO YTD
0.06%
30-89 PD
1.26%
Band 0.3% / 3.0%
90+ PD
0.00%
Band 0.1% / 2.0%
No watch items at this period.

Reserves

RiskQoQ -6
3
Sub-score

Reserves are weak: ALLL 0.58% of loans, coverage 40.1%, true coverage 30.3%.

ALLL / Loans
0.58%
Coverage
40.1%
True Loss Coverage
30.3%

Watch Items

  • infoALLL / NPL below 50% — Coverage 40.1% (regulatory soft-warning level 50%).
  • watchTrue Loss Coverage Ratio below 50% — True coverage 30.3% (Adjusted NPL + Performing Mods denominator).
  • infoALLL / Loans below 0.75% — ALLL 0.58% of loans.

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: 2026-05-14 14:49:10 UTC