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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 — 2026-Q1

Per-quarter snapshot for 2026-Q1: composite Vital Signs Score, all five pillars, and ranked Watch Items.

Synthesis

Vital Signs Score
67
/ 100
StableAs of 2026-Q1QoQ -1

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

Quarterly Headline

2026-Q1

Bank #963945 2026-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
    Loans / Deposits above 100%
    Liquidity — Loans/Deposits 126.9% (threshold 100%).
  2. risk
    Cash / Assets below 3%
    Liquidity — Cash 0.41% of assets (threshold 3%).
  3. watch
    True Loss Coverage Ratio below 50%
    Reserves — True coverage 27.7% (Adjusted NPL + Performing Mods denominator).

What changed this quarter

Compared to Q4 2025:
↓ -1 ptscomposite
  • Liquidity
    ↑ +4
  • Securities
    — —
  • Capitalization
    ↓ -10
  • Asset Quality
    ↑ +2
  • Reserves
    ↓ -1

The five pillars

Liquidity

WatchQoQ +4
55
Sub-score

Liquidity is deteriorating: brokered 6.8%, loans/deposits 126.9%, cash 0.4% of assets.

Cash / Assets
0.41%
Loans / Deposits
126.88%
Brokered %
6.80%

Watch Items

  • riskLoans / Deposits above 100% — Loans/Deposits 126.9% (threshold 100%).
  • riskCash / Assets below 3% — Cash 0.41% of assets (threshold 3%).

Securities

Strong
100
Sub-score

Securities profile is strong: securities 7.2% of assets.

MtM Loss / Tier 1
—
SVB watch metric
Securities / Assets
7.19%
No watch items at this period.

Capitalization

StableQoQ -10
76
Sub-score

Capital position is stable: Tier 1 RBC 11.93%, CET1 11.93%, leverage 11.90%.

Tier 1 RBC
11.93%
CET1
11.93%
Leverage
11.90%
No watch items at this period.

Asset Quality

StrongQoQ +2
87
Sub-score

Asset quality is strong: Adjusted NPL 1.50%, Texas Ratio 10.6%, NCO YTD 0.56%.

Adjusted NPL
1.50%
Govt-guarantees stripped
Texas Ratio
10.6%
NCO YTD
0.56%
30-89 PD
0.22%
Band 0.3% / 3.0%
90+ PD
0.05%
Band 0.1% / 2.0%
No watch items at this period.

Reserves

RiskQoQ -1
0
Sub-score

Reserves are weak: ALLL 0.46% of loans, coverage 31.0%, true coverage 27.7%.

ALLL / Loans
0.46%
Coverage
31.0%
True Loss Coverage
27.7%

Watch Items

  • watchALLL / NPL below 50% — Coverage 31.0% (regulatory soft-warning level 50%).
  • watchTrue Loss Coverage Ratio below 50% — True coverage 27.7% (Adjusted NPL + Performing Mods denominator).
  • watchALLL / Loans below 0.75% — ALLL 0.46% 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