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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 — 2025-Q1

Per-quarter snapshot for 2025-Q1: composite Vital Signs Score, all five pillars, and ranked Watch Items.

Synthesis

Vital Signs Score
67
/ 100
StableAs of 2025-Q1QoQ 0

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

Quarterly Headline

2025-Q1

Bank #963945 2025-Q1 Vital Signs Score: 67/100 — 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. risk
    True Loss Coverage Ratio below 50%
    Reserves — True coverage 22.2% (Adjusted NPL + Performing Mods denominator).
  2. risk
    Loans / Deposits above 100%
    Liquidity — Loans/Deposits 118.0% (threshold 100%).
  3. watch
    ALLL / NPL below 50%
    Reserves — Coverage 29.5% (regulatory soft-warning level 50%).

What changed this quarter

Compared to Q4 2024:
↑ 0 ptscomposite
  • Liquidity
    ↑ +5
  • Securities
    — —
  • Capitalization
    ↓ -2
  • Asset Quality
    ↓ -1
  • Reserves
    ↓ 0

The five pillars

Liquidity

WatchQoQ +5
55
Sub-score

Liquidity is deteriorating: brokered 13.8%, loans/deposits 118.0%, cash 2.8% of assets.

Cash / Assets
2.78%
Loans / Deposits
118.04%
Brokered %
13.78%

Watch Items

  • riskLoans / Deposits above 100% — Loans/Deposits 118.0% (threshold 100%).
  • infoCash / Assets below 3% — Cash 2.78% of assets (threshold 3%).

Securities

Strong
100
Sub-score

Securities profile is strong: securities 9.0% of assets.

MtM Loss / Tier 1
—
SVB watch metric
Securities / Assets
9.00%
No watch items at this period.

Capitalization

StableQoQ -2
79
Sub-score

Capital position is stable: Tier 1 RBC 12.15%, CET1 12.15%, leverage 11.84%.

Tier 1 RBC
12.15%
CET1
12.15%
Leverage
11.84%
No watch items at this period.

Asset Quality

StrongQoQ -1
85
Sub-score

Asset quality is strong: Adjusted NPL 1.92%, Texas Ratio 12.9%, NCO YTD 0.28%.

Adjusted NPL
1.92%
Govt-guarantees stripped
Texas Ratio
12.9%
NCO YTD
0.28%
30-89 PD
0.35%
Band 0.3% / 3.0%
90+ PD
0.00%
Band 0.1% / 2.0%
No watch items at this period.

Reserves

RiskQoQ 0
2
Sub-score

Reserves are weak: ALLL 0.56% of loans, coverage 29.5%, true coverage 22.2%.

ALLL / Loans
0.56%
Coverage
29.5%
True Loss Coverage
22.2%

Watch Items

  • watchALLL / NPL below 50% — Coverage 29.5% (regulatory soft-warning level 50%).
  • riskTrue Loss Coverage Ratio below 50% — True coverage 22.2% (Adjusted NPL + Performing Mods denominator).
  • infoALLL / Loans below 0.75% — ALLL 0.56% 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