The Merchants National Bank
Hillsboro, OH
IDRSSD: 701222
Total Assets
$1.32B
Latest filing
Total Deposits
$1.13B
Latest filing
Net Interest Margin
3.66%
Profitability
Key People
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Locations
Main office and branches. Select to view on the map.
Main Office
The Merchants National Bank
100 N High St
Hillsboro, OH 45133
Full Service - Brick and Mortar
Updated 01/30/2026Established 12/25/1879FDIC Certificate 4423
Branches (16)
Page 1 of 3| Name | Address | City / State |
|---|---|---|
| The Merchants National Bank (Main) | 100 N High St | Hillsboro, OH |
| THE CITIZENS BANK OF LOGAN OHIO BRANCH | 188 W Main St | Logan, OH |
| 104 JEFFERSON STREET BRANCH | 104 Jefferson St | Greenfield, OH |
| HIGHLAND PLAZA BRANCH | 1470 N High St | Hillsboro, OH |
| WASHINGTON COURT HOUSE BRANCH | 128 S North St | Washington Court House, OH |
| LONDON BRANCH | 279 Lafayette St | London, OH |
| BATAVIA BRANCH | 2033 Hospital Dr | Batavia, OH |
| CITY GATE BRANCH | 181 Colemans Xing | Marysville, OH |
Showing 7 of 16
Quarterly Trends
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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, national (federal) charter, Fed member, and supervised by the OCC |
| Primary Regulator | OCC |
| Established Date | 12/25/1879 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 45133 |
| State and County Number | 39071 |
| Subchapter S Corporations | No |
| Trust Powers | N/A |
| Federal Reserve ID Number | 04 |
| Numeric code | 3 |
| Insured by FDIC | Institutions that are currently open and insured by the FDIC |
| Federal Reserve District | Chicago |
| Core Based Statistical Area Name | N/A |
Operational Info
| Number of Employees | 177 |
| Domestic Offices | 17 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 08/31/2022 |
| Date of Deposit Insurance | 01/01/1934 |
| Primary Insurance Agency | DIF |
| Website | www.merchantsnat.com |
| Data Updated | 01/30/2026 |
| CERT | 6605 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $1.32B |
| Total Deposits | $1.13B |
| Total Liabilities | $1.20B |
| Total Equity Capital | $120.16M |
| Net Income | $3.53M |
| Net Loans and Leases | $961.42M |
| Assets Per Employee ($Millions) | $7.34M |
| Bank Premises and Fixed Assets | $11.26M |
| Cash and Balances due from Depository Institutions | $122.61M |
| Deposits Held in Domestic Offices | $1.13B |
Key Performance Ratios
| Return on Assets (ROA) | 1.06% |
| Return on Equity (ROE) | 11.62% |
| Net Interest Margin | 3.66% |
| Efficiency Ratio | 65.78% |
| Tier 1 Risk-Based Capital Ratio | 11.777% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 9.097% |
| Earning Assets to total Assets | 94.14% |
Income and Expense
| Total Interest Income | $16.18M |
| Total Noninterest Income | $1.70M |
| Total Interest Expense | $4.72M |
| Total Noninterest Expense | $8.73M |
| Net Interest Income | $11.45M |
| Pre-tax Net Operating Income | $4.42M |
| Provision for Credit Losses | $0 |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | — |
| Other Real Estate Owned | $0 |
| Other borrowed funds | $50.00M |
| Federal Funds Sold & Reverse Repurchase Agreement | $712.00k |
| Federal Funds Purchased and Repurchased Agreement | $5.89M |
| All Other Liabilities | $13.52M |
| Total Liabilities and Capital | $1.32B |
Securities
| Securities | $173.75M |
| Available-for-sale debt securities | $132.18M |
| Equity securities with readily determinable fair values not held for trading | — |
| Held-to-maturity securities | $41.57M |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of The Merchants National Bank?
$1.32B as of the latest filing.
How much are The Merchants National Bank's total deposits?
$1.13B in total deposits.
Where is The Merchants National Bank located?
Hillsboro, OH.
What is the Net Interest Margin?
3.66%.
How many domestic offices does it operate?
17.
When was it established?
12/25/1879.
What is the Return on Assets (ROA)?
1.06%.
How much are total loans and leases?
$961.42M (latest filing).
What is the total interest income (latest filing)?
$16.18M.