Merchants Bank
Rugby, ND
IDRSSD: 700458
Total Assets
$248.79M
Latest filing
Total Deposits
$212.53M
Latest filing
Net Interest Margin
4.53%
Profitability
Locations
Main office and branches. Select to view on the map.
Main Office
Merchants Bank
210 S Main Ave
Rugby, ND 58368
Full Service - Brick and Mortar
Updated 11/14/2025Established 08/04/1897FDIC Certificate 5710
Branches (5)
Page 1 of 1| Name | Address | City / State |
|---|---|---|
| Merchants Bank (Main) | 210 S Main Ave | Rugby, ND |
| FAIRVIEW BANK BRANCH | 216 S Ellery Ave | Fairview, MT |
| 202 MAIN STREET SOUTH BRANCH | 202 Main St S | Towner, ND |
| UPHAM BRANCH | # 3 C Avenue South | Upham, ND |
| GRANVILLE BRANCH | 114 Main St S | Granville, ND |
| MAPLETON BRANCH | 649 Knutson St | Mapleton, ND |
Showing 5 of 5
Quarterly Trends
Tooltip shows Quarter only. Download buttons export the chart only (CSV/PNG with white background).
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 | 08/04/1897 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 58368 |
| State and County Number | 38069 |
| Subchapter S Corporations | No |
| Trust Powers | N/A |
| Federal Reserve ID Number | 09 |
| Numeric code | 21 |
| Insured by FDIC | Institutions that are currently open and insured by the FDIC |
| Federal Reserve District | Kansas City |
| Core Based Statistical Area Name | N/A |
Operational Info
| Number of Employees | 32 |
| Domestic Offices | 6 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 06/30/2024 |
| Date of Deposit Insurance | 01/01/1934 |
| Primary Insurance Agency | DIF |
| Website | www.merchantsbankrugby.com |
| Data Updated | 11/14/2025 |
| CERT | 8943 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $248.79M |
| Total Deposits | $212.53M |
| Total Liabilities | $223.84M |
| Total Equity Capital | $24.94M |
| Net Income | $1.06M |
| Net Loans and Leases | $195.19M |
| Assets Per Employee ($Millions) | $8.29M |
| Bank Premises and Fixed Assets | $1.47M |
| Cash and Balances due from Depository Institutions | $2.39M |
| Deposits Held in Domestic Offices | $212.53M |
Key Performance Ratios
| Return on Assets (ROA) | 1.72% |
| Return on Equity (ROE) | 17.36% |
| Net Interest Margin | 4.53% |
| Efficiency Ratio | 43.35% |
| Tier 1 Risk-Based Capital Ratio | 12.694% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0.16% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 10.025% |
| Earning Assets to total Assets | 96.31% |
Income and Expense
| Total Interest Income | $3.63M |
| Total Noninterest Income | $95.00k |
| Total Interest Expense | $924.00k |
| Total Noninterest Expense | $1.24M |
| Net Interest Income | $2.70M |
| Pre-tax Net Operating Income | $1.46M |
| Provision for Credit Losses | $100.00k |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | $0 |
| Other Real Estate Owned | $0 |
| Other borrowed funds | $8.61M |
| Federal Funds Sold & Reverse Repurchase Agreement | $0 |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $2.70M |
| Total Liabilities and Capital | $248.79M |
Securities
| Securities | $43.28M |
| Available-for-sale debt securities | $43.03M |
| Equity securities with readily determinable fair values not held for trading | $0 |
| Held-to-maturity securities | $235.00k |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of Merchants Bank?
$248.79M as of the latest filing.
How much are Merchants Bank's total deposits?
$212.53M in total deposits.
Where is Merchants Bank located?
Rugby, ND.
What is the Net Interest Margin?
4.53%.
How many domestic offices does it operate?
6.
When was it established?
08/04/1897.
What is the Return on Assets (ROA)?
1.72%.
How much are total loans and leases?
$195.19M (latest filing).
What is the total interest income (latest filing)?
$3.63M.