C
Merchants Bank of Indiana
CarmelIN
Rating Date
June 2025
Risk Based
Capital Ratio
Leverage
Ratio
Return On
Assets
Total
Assets
Capital
Total
Deposits
Net
Income
Weiss Ratings Merchants Bank of Indiana
Carmel, IN
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Rating C
Asset Quality Index 3.80
Capitalization Index 10.00
Liquidity Index 2.20
Profitability Index 6.30
Stability Index 9.70
Company Info Merchants Bank of Indiana
Carmel, IN
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FDIC Number 8056
Phone Number (317) 324-4660
Website www.merchantsbankofindiana.com
Asset Quality Merchants Bank of Indiana
Carmel, IN
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1-Year Asset Growth 5.64%
5-Year Asset Growth 40.39%
5-Year Charge-Offs to Average Loans 0.03%
Charge-Offs to Average Loans 0.30%
Non-Performing Assets to Assets 2.01%
Non-Performing Loans to Capital 14.77%
Non-Performing Loans to Loans 2.54%
Balance Sheet Merchants Bank of Indiana
Carmel, IN
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Total Assets 18.74B
Total Deposits 12.47B
Capital and Reserves Merchants Bank of Indiana
Carmel, IN
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Capital 2.11B
Leverage Ratio 11.85
Loan Loss Reserves to Loans 0.56%
Risk-Based Capital Ratio 12.71
Liquidity Merchants Bank of Indiana
Carmel, IN
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Hot Money Ratio 8.88%
Liquidity Ratio 9.68%
Profitability Merchants Bank of Indiana
Carmel, IN
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5-Year Return on Average Assets 2.04%
Net Income 59.36M
Net Interest Spread 2.91%
Operating Profit to Average Assets 1.76%
Overhead Efficiency Ratio 41.61%
Return on Assets 1.34%
Return on Equity 11.34%