BlastPoint's Banking Scorecard
Merchants Bank of Indiana
Designations: ✓ Community bank
Carmel, IN
8 branches across IN
Merchants Bank of Indiana has 2 strengths but faces 4 concerns
Key Strengths
Areas where this bank excels compared to peers
- + ROA 0.13% above tier average
- + Efficiency Ratio 12.19% below tier average
Key Concerns
Areas that may need attention
- - Loan-to-Deposit Ratio 46.00% above tier average
- - Nonperforming Asset Ratio 0.79% above tier average
- - Net Interest Margin 0.93% below tier average
- - Delinquency Rate 0.47% above tier average
Core Metrics
As of 2026-Q1
| Metric | Current | vs Tier | Tier Avg | State Avg (IN) | National Avg | Tier Percentile |
|---|---|---|---|---|---|---|
| Total Assets ? |
$20.3B
+8.1% YoY
+4.5% QoQ
|
-$27.1B |
$47.4B
-2.0% YoY
|
$2.5B
+12.1% YoY
|
$6.2B
+9.0% YoY
|
37% |
| Total Loans ? |
$16.5B
+12.4% YoY
+7.1% QoQ
|
-$13.1B |
$29.6B
-0.4% YoY
|
$1.8B
+14.1% YoY
|
$3.2B
+10.7% YoY
|
49% |
| Total Deposits ? |
$13.0B
+4.6% YoY
-0.5% QoQ
|
-$25.7B |
$38.7B
-1.6% YoY
|
$2.0B
+11.7% YoY
|
$4.8B
+8.0% YoY
|
24% |
| Return on Assets ? |
1.41%
+11.1% YoY
+18.1% QoQ
|
+0.13% |
1.28%
+19.3% YoY
|
0.88%
-9.0% YoY
|
1.24%
+13.1% YoY
|
70% |
| Net Interest Margin ? |
2.84%
+0.9% YoY
-3.3% QoQ
|
-0.93% |
3.77%
+5.6% YoY
|
3.62%
+8.1% YoY
|
3.89%
+5.7% YoY
|
19% |
| Efficiency Ratio ? |
41.71%
+0.3% YoY
-3.1% QoQ
|
-12.19% |
53.90%
-4.0% YoY
|
103.85%
+48.1% YoY
|
66.84%
-3.8% YoY
|
84% |
| Delinquency Rate ? |
1.50%
-22.1% YoY
+16.8% QoQ
|
+0.47% |
1.02%
-4.1% YoY
|
0.84%
+20.9% YoY
|
0.95%
+18.8% YoY
|
Bottom 14.2% in tier |
| Loan-to-Deposit Ratio ? |
126.88%
+7.5% YoY
+7.6% QoQ
|
+46.00% |
80.88%
+2.0% YoY
|
80.90%
+0.8% YoY
|
76.69%
+0.9% YoY
|
Bottom 2.2% in tier |
| Non-Interest-Bearing Deposit Share ? |
4.50%
+49.5% YoY
-10.7% QoQ
|
-15.32% |
19.82%
+0.3% YoY
|
17.23%
-0.8% YoY
|
22.01%
-1.1% YoY
|
19% |
| Nonperforming Asset Ratio ? |
1.52%
-1.8% YoY
+14.1% QoQ
|
+0.79% |
0.73%
+4.0% YoY
|
0.62%
+28.0% YoY
|
0.66%
+19.3% YoY
|
Bottom 6.7% in tier |
| Tier 1 Capital Ratio ? |
11.93%
-1.9% YoY
-7.1% QoQ
|
-3.64% |
15.56%
-0.1% YoY
|
16.21%
+1.8% YoY
|
17.06%
+0.8% YoY
|
19% |
| Non-Interest Income / Assets ? |
0.22%
+87.6% YoY
-73.6% QoQ
|
+0.00% |
0.23%
+0.9% YoY
|
0.81%
-14.6% YoY
|
0.32%
+4.0% YoY
|
67% |
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Signature Analysis
Composite behavioral patterns that combine multiple metrics to identify what stands out about this bank. Matched signatures only; metric-level callouts appear in the Key Strengths / Key Concerns summary above.
Strengths (0)
Concerns (0)
Metric Rankings
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