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 12.30% below tier average
Key Concerns
Areas that may need attention
- - Loan-to-Deposit Ratio 46.09% above tier average
- - Nonperforming Asset Ratio 0.80% above tier average
- - Net Interest Margin 0.94% below tier average
- - Delinquency Rate 0.48% 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
|
-$26.7B |
$47.0B
-1.9% YoY
|
$2.5B
+12.1% YoY
|
$6.2B
+9.1% YoY
|
37% |
| Total Loans ? |
$16.5B
+12.4% YoY
+7.1% QoQ
|
-$12.8B |
$29.4B
-0.4% YoY
|
$1.7B
+14.1% YoY
|
$3.2B
+10.8% YoY
|
50% |
| Total Deposits ? |
$13.0B
+4.6% YoY
-0.5% QoQ
|
-$25.4B |
$38.4B
-1.6% YoY
|
$2.0B
+11.8% YoY
|
$4.8B
+8.2% YoY
|
24% |
| Return on Assets ? |
1.41%
+11.1% YoY
+18.1% QoQ
|
+0.13% |
1.28%
+18.7% YoY
|
0.81%
-6.6% YoY
|
1.23%
+13.4% YoY
|
71% |
| Net Interest Margin ? |
2.84%
+0.9% YoY
-3.3% QoQ
|
-0.94% |
3.77%
+5.8% YoY
|
3.60%
+8.5% YoY
|
3.89%
+5.7% YoY
|
18% |
| Efficiency Ratio ? |
41.71%
+0.3% YoY
-3.1% QoQ
|
-12.30% |
54.01%
-3.7% YoY
|
105.71%
+27.0% YoY
|
66.95%
-4.1% YoY
|
85% |
| Delinquency Rate ? |
1.50%
-22.1% YoY
+16.8% QoQ
|
+0.48% |
1.02%
-3.8% YoY
|
0.90%
+15.9% YoY
|
0.95%
+18.8% YoY
|
Bottom 14.0% in tier |
| Loan-to-Deposit Ratio ? |
126.88%
+7.5% YoY
+7.6% QoQ
|
+46.09% |
80.79%
+1.9% YoY
|
81.10%
+0.7% YoY
|
76.70%
+0.9% YoY
|
Bottom 2.2% in tier |
| Non-Interest-Bearing Deposit Share ? |
4.50%
+49.5% YoY
-10.7% QoQ
|
-15.54% |
20.04%
+0.2% YoY
|
17.15%
-0.9% YoY
|
22.01%
-1.2% YoY
|
18% |
| Nonperforming Asset Ratio ? |
1.52%
-1.8% YoY
+14.1% QoQ
|
+0.80% |
0.72%
+4.2% YoY
|
0.67%
+21.6% YoY
|
0.67%
+19.3% YoY
|
Bottom 6.6% in tier |
| Tier 1 Capital Ratio ? |
11.93%
-1.9% YoY
-7.1% QoQ
|
-3.59% |
15.51%
-0.4% YoY
|
16.04%
+1.8% YoY
|
17.06%
+0.8% YoY
|
20% |
| Non-Interest Income / Assets ? |
0.22%
+87.6% YoY
-73.6% QoQ
|
+0.00% |
0.22%
+0.3% YoY
|
0.79%
-14.5% YoY
|
0.32%
+4.1% YoY
|
68% |
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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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