BlastPoint's Banking Scorecard

Merchants Bank of Indiana

$10B-$250B Specialty: Commercial IN FDIC cert 8056

Designations: ✓ Community bank

Carmel, IN

8 branches across IN

NEW · Q2 2026 RECAP

Your Quarter, Wrapped

A 35-second highlight reel of your Q2 — the wins worth celebrating and the one signal worth watching, pulled straight from your scorecard data.

Q2 2026 at a glance

1 of 139 banks in the $10B-$250B peer group nationwide — 1 of 4 in IN.
Deposits +12.5% year over year ($14.3B on the books).
Delinquency rate 1.19%.
Return on assets 1.49%.
Efficiency ratio 40.22% vs a 53.67% peer average.
Loan-to-deposit ratio 120.53% vs a 82.61% peer average.

Animation disabled (reduced-motion preference). Full details in the Core Metrics table below.

139 banks in the $10B-$250B peer group nationally 4 in IN

View $10B-$250B leaderboard (IN) →

Merchants Bank of Indiana has 2 strengths but faces 4 concerns

Key Strengths include matched growth signatures, metrics ranked in the top 10%, and values meaningfully above the tier average.

Key Concerns include matched risk or decline signatures, metrics ranked in the bottom 10%, and values meaningfully below the tier average.

Key Strengths

Areas where this bank excels compared to peers

+ ROA 0.10% above tier average
+ Efficiency Ratio 13.45% below tier average

Key Concerns

Areas that may need attention

- Loan-to-Deposit Ratio 37.92% above tier average
- Nonperforming Asset Ratio 0.58% above tier average
- Net Interest Margin 1.06% below tier average
- Delinquency Rate 0.17% above tier average

Get updates when Merchants Bank of Indiana releases new data →

Core Metrics

As of 2026-Q2

Metric	Current	vs Tier	Tier Avg	State Avg (IN)	National Avg	Tier Percentile
Total Assets ?	$21.2B +10.9% YoY +4.5% QoQ	-$22.4B	$43.6B -13.8% YoY	$2.5B +3.7% YoY	$6.3B +7.7% YoY	40%
Total Loans ?	$17.3B +15.7% YoY +4.5% QoQ	-$10.7B	$28.0B -8.6% YoY	$1.8B +5.7% YoY	$3.2B +9.4% YoY	52%
Total Deposits ?	$14.3B +12.5% YoY +10.0% QoQ	-$21.1B	$35.4B -14.0% YoY	$2.0B +3.4% YoY	$4.9B +7.3% YoY	30%
Return on Assets ?	1.49% +41.2% YoY +5.5% QoQ	+0.10%	1.39% +25.9% YoY	1.07% +3.3% YoY	1.30% +12.1% YoY	71%
Net Interest Margin ?	2.86% -0.4% YoY +0.7% QoQ	-1.06%	3.92% +8.9% YoY	3.70% +8.1% YoY	3.95% +4.9% YoY	16%
Efficiency Ratio ?	40.22% -4.2% YoY -3.6% QoQ	-13.45%	53.67% -1.9% YoY	77.20% +13.2% YoY	70.05% +2.5% YoY	Top 12.9% in tier
Delinquency Rate ?	1.19% -29.3% YoY -20.5% QoQ	+0.17%	1.01% -2.8% YoY	0.91% +27.8% YoY	0.98% +16.3% YoY	22%
Loan-to-Deposit Ratio ?	120.53% +2.9% YoY -5.0% QoQ	+37.92%	82.61% +3.1% YoY	81.91% +1.2% YoY	79.03% +2.3% YoY	Bottom 2.9% in tier
Non-Interest-Bearing Deposit Share ?	4.81% +61.6% YoY +7.0% QoQ	-15.77%	20.58% +4.9% YoY	16.57% -2.9% YoY	21.98% -0.6% YoY	17%
Nonperforming Asset Ratio ?	1.31% -3.1% YoY -13.5% QoQ	+0.58%	0.73% +5.8% YoY	0.69% +42.1% YoY	0.69% +15.8% YoY	Bottom 9.4% in tier
Tier 1 Capital Ratio ?	11.76% -6.0% YoY -1.4% QoQ	-3.59%	15.35% -0.4% YoY	16.20% +1.2% YoY	17.09% +0.8% YoY	15%
Non-Interest Income / Assets ?	0.42% +12.5% YoY +91.4% QoQ	-0.07%	0.50% +10.5% YoY	1.78% -1.3% YoY	0.66% +5.2% YoY	63%

Additional Detail

Deposit mix, loan mix, capital, efficiency, asset quality & profitability · As of 2026-Q2

Deposit Composition

% of total deposits

Metric	Current	vs Tier	Tier Avg	State Avg (IN)	National Avg	Tier Percentile
Noninterest-Bearing	4.8% +1.8pp YoY +0.3pp QoQ	-16.2pp	21.0%	16.8%	22.2%	15%
Brokered Deposits	9.0% -0.8pp YoY +2.3pp QoQ	-0.2pp	9.2%	7.2%	8.5%	70%

Loan Composition

% of total loans & leases

Metric	Current	vs Tier	Tier Avg	State Avg (IN)	National Avg	Tier Percentile
C&I	9.2% +0.9pp YoY +1.3pp QoQ	-8.0pp	17.2%	11.1%	12.5%	19%
CRE	39.2% -4.5pp YoY +1.3pp QoQ	-2.8pp	42.0%	36.2%	41.4%	40%
1-4 Family	6.3% +0.3pp YoY -0.2pp QoQ	-16.9pp	23.1%	40.0%	31.3%	11%
Consumer	0.0% 0.0pp YoY 0.0pp QoQ	-12.9pp	12.9%	3.2%	5.0%	5%

Capital

Metric	Current	vs Tier	Tier Avg	State Avg (IN)	National Avg	Tier Percentile
CET1 Ratio	11.8% -0.8pp YoY -0.2pp QoQ	-3.5pp	15.3%	17.5%	19.7%	15%
Leverage Ratio	11.3% 0.0pp YoY -0.6pp QoQ	+0.9pp	10.4%	13.0%	12.6%	77%
Total Capital Ratio	12.2% -0.9pp YoY -0.2pp QoQ	-4.3pp	16.5%	18.7%	20.8%	6%

Efficiency & Staffing

Metric	Current	vs Tier	Tier Avg	State Avg (IN)	National Avg	Tier Percentile
Full-Time Employees	743 +26 (+3.6%) YoY +21 (+2.9%) QoQ	-2,515	3,258	237	482	14%
Assets per Employee ($)	$28.5M +7.1% YoY +1.5% QoQ	+$1.5M	$27.0M	$7.5M	$8.8M	86%
Branch Count	8 +1 (+14.3%) YoY +1 (+14.3%) QoQ	-130	137	17	18	23%

Asset Quality

Metric	Current	vs Tier	Tier Avg	State Avg (IN)	National Avg	Tier Percentile
Past Due 90+ Days	0.0% 0.0pp YoY 0.0pp QoQ	-0.4pp	0.4%	0.2%	0.4%	3%
Nonaccrual	1.2% -0.5pp YoY -0.3pp QoQ	+0.5pp	0.7%	0.8%	1.0%	90%
Allowance Coverage	0.37x +1.0% YoY +18.7% QoQ	-2.44x	2.81x	6.71x	20.23x	5%
Net Charge-off Rate (YTD)	0.4% -0.3pp YoY -0.1pp QoQ	0.0pp	0.4%	0.1%	0.2%	82%

Profitability

Metric	Current	vs Tier	Tier Avg	State Avg (IN)	National Avg	Tier Percentile
ROE	13.3% +3.9pp YoY +0.8pp QoQ	+0.7pp	12.6%	11.2%	11.6%	70%
Cost of Funds (YTD)	3.1% -0.6pp YoY +0.1pp QoQ	+1.1pp	2.0%	1.8%	1.7%	92%
Net Income ($, YTD)	$151.0M +52.1% YoY — QoQ	-$145.9M	$296.8M	$16.3M	$40.4M	46%

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$250B+

12 performance metrics with tier, state, and national benchmarks

Signature behaviors (strengths & concerns)

Metric and signature rankings across 4,287 FDIC-insured banks

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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 are growth signatures this bank matches (e.g. Revenue Diversifier, Profitability Leader).

Concerns are risk or decline signatures this bank matches (e.g. Margin Compression, Credit Quality Pressure).

Strengths (0)

No matched strength signatures this quarter

Concerns (0)

No matched concern signatures this quarter

Metric Rankings

See how this bank ranks across all tracked metrics compared to peers.

Strengths are metrics in the top 25% (75th percentile or higher).

Concerns are metrics in the bottom 25% (25th percentile or lower).

Compare against:

Comparing against 139 peers in $10B-$250B

Top Strengths (1 metrics)

Efficiency Ratio

profitability

Value: 40.22%

Peer Median: 53.67%

#19 of 139 Top 12.9% in $10B-$250B

Top Weaknesses (6 metrics)

136

Loan-to-Deposit Ratio

liquidity

Value: 120.53%

Peer Median: 82.61%

#136 of 139 Bottom 2.9% in $10B-$250B

127

Nonperforming Asset Ratio

credit_quality

Value: 1.31%

Peer Median: 0.73%

#127 of 139 Bottom 9.4% in $10B-$250B

119

Tier 1 Capital Ratio

capital

Value: 11.76%

Peer Median: 15.35%

#119 of 139 Bottom 15.1% in $10B-$250B

118

Net Interest Margin

profitability

Value: 2.86%

Peer Median: 3.92%

#118 of 139 Bottom 15.8% in $10B-$250B

116

Non-Interest-Bearing Deposit Share

funding

Value: 4.81%

Peer Median: 20.58%

#116 of 139 Bottom 17.3% in $10B-$250B

109

Delinquency Rate

credit_quality

Value: 1.19%

Peer Median: 1.01%

#109 of 138 Bottom 21.7% in $10B-$250B