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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-Q4

Per-quarter snapshot for 2024-Q4: composite Vital Signs Score, all five pillars, and ranked Watch Items.

Synthesis

Vital Signs Score
67
/ 100
StableAs of 2024-Q4QoQ +2

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

Quarterly Headline

2024-Q4

Bank #963945 2024-Q4 Vital Signs Score: 67/100 — overall stable. Strongest pillar: Securities (strong). Weakest pillar: Reserves (risk).

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

Top 3 Watch Items

  1. risk
    True Loss Coverage Ratio below 50%
    Reserves — True coverage 22.7% (Adjusted NPL + Performing Mods denominator).
  2. risk
    Loans / Deposits above 100%
    Liquidity — Loans/Deposits 121.5% (threshold 100%).
  3. watch
    ALLL / NPL below 50%
    Reserves — Coverage 30.1% (regulatory soft-warning level 50%).

What changed this quarter

Compared to Q3 2024:
↑ +2 ptscomposite
  • Liquidity
    ↓ -1
  • Securities
    — —
  • Capitalization
    ↑ +10
  • Asset Quality
    ↑ +1
  • Reserves
    ↓ 0

The five pillars

Liquidity

WatchQoQ -1
49
Sub-score

Liquidity is deteriorating: brokered 21.2%, loans/deposits 121.5%, cash 2.6% of assets.

Cash / Assets
2.56%
Loans / Deposits
121.49%
Brokered %
21.15%

Watch Items

  • riskLoans / Deposits above 100% — Loans/Deposits 121.5% (threshold 100%).
  • infoCash / Assets below 3% — Cash 2.56% of assets (threshold 3%).

Securities

Strong
100
Sub-score

Securities profile is strong: securities 9.4% of assets.

MtM Loss / Tier 1
—
SVB watch metric
Securities / Assets
9.42%
No watch items at this period.

Capitalization

StrongQoQ +10
80
Sub-score

Capital position is strong: Tier 1 RBC 12.29%, CET1 12.29%, leverage 11.20%.

Tier 1 RBC
12.29%
CET1
12.29%
Leverage
11.20%
No watch items at this period.

Asset Quality

StrongQoQ +1
87
Sub-score

Asset quality is strong: Adjusted NPL 1.92%, Texas Ratio 13.0%, NCO YTD 0.11%.

Adjusted NPL
1.92%
Govt-guarantees stripped
Texas Ratio
13.0%
NCO YTD
0.11%
30-89 PD
0.38%
Band 0.3% / 3.0%
90+ PD
0.00%
Band 0.1% / 2.0%
No watch items at this period.

Reserves

RiskQoQ 0
3
Sub-score

Reserves are weak: ALLL 0.58% of loans, coverage 30.1%, true coverage 22.7%.

ALLL / Loans
0.58%
Coverage
30.1%
True Loss Coverage
22.7%

Watch Items

  • watchALLL / NPL below 50% — Coverage 30.1% (regulatory soft-warning level 50%).
  • riskTrue Loss Coverage Ratio below 50% — True coverage 22.7% (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