BlastPoint's Banking Scorecard
Merchants Bank, National Association
Designations: ✓ Community bank
Winona, MN
22 branches across MN · WI
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 885 banks in the $1B-$10B peer group nationwide — 1 of 17 in MN.
- Deposits +3.7% year over year ($2.5B on the books).
- Delinquency rate 0.54%.
- Return on assets 1.23%.
- Efficiency ratio 63.53% vs a 59.73% peer average.
- Loan-to-deposit ratio 81.50% vs a 85.04% peer average.
Animation disabled (reduced-motion preference). Full details in the Core Metrics table below.
Merchants Bank, National Association has 1 strength but faces 3 concerns
Key Strengths
Areas where this bank excels compared to peers
- + Delinquency Rate 0.33% below tier average
Key Concerns
Areas that may need attention
- - ROA 0.16% below tier average
- - Net Interest Margin 0.22% below tier average
- - Efficiency Ratio 3.81% above tier average
Core Metrics
As of 2026-Q2
| Metric | Current | vs Tier | Tier Avg | State Avg (MN) | National Avg | Tier Percentile |
|---|---|---|---|---|---|---|
| Total Assets ? |
$2.9B
+4.1% YoY
-1.7% QoQ
|
+$88.5M |
$2.8B
-0.6% YoY
|
$524.5M
+5.8% YoY
|
$6.3B
+7.7% YoY
|
68% |
| Total Loans ? |
$2.0B
-1.4% YoY
+1.2% QoQ
|
+$73.0M |
$2.0B
-0.3% YoY
|
$300.2M
+7.3% YoY
|
$3.2B
+9.4% YoY
|
68% |
| Total Deposits ? |
$2.5B
+3.7% YoY
-2.2% QoQ
|
+$179.5M |
$2.3B
-0.5% YoY
|
$452.1M
+5.5% YoY
|
$4.9B
+7.3% YoY
|
70% |
| Return on Assets ? |
1.23%
+10.7% YoY
+0.9% QoQ
|
-0.16% |
1.39%
+17.0% YoY
|
1.26%
+17.2% YoY
|
1.30%
+12.1% YoY
|
48% |
| Net Interest Margin ? |
3.65%
+11.5% YoY
+2.8% QoQ
|
-0.22% |
3.87%
+6.2% YoY
|
4.00%
+6.8% YoY
|
3.95%
+4.9% YoY
|
46% |
| Efficiency Ratio ? |
63.53%
-6.4% YoY
+1.7% QoQ
|
+3.81% |
59.73%
-12.6% YoY
|
63.00%
-3.5% YoY
|
70.05%
+2.5% YoY
|
36% |
| Delinquency Rate ? |
0.54%
-31.8% YoY
-41.6% QoQ
|
-0.33% |
0.87%
+11.7% YoY
|
1.01%
+19.3% YoY
|
0.98%
+16.3% YoY
|
49% |
| Loan-to-Deposit Ratio ? |
81.50%
-5.0% YoY
+3.5% QoQ
|
-3.53% |
85.04%
-0.1% YoY
|
78.29%
-0.6% YoY
|
79.03%
+2.3% YoY
|
64% |
| Non-Interest-Bearing Deposit Share ? |
18.27%
-3.5% YoY
+3.6% QoQ
|
-3.00% |
21.27%
-1.5% YoY
|
21.79%
+0.9% YoY
|
21.98%
-0.6% YoY
|
42% |
| Nonperforming Asset Ratio ? |
0.41%
-45.0% YoY
-37.8% QoQ
|
-0.26% |
0.67%
+11.7% YoY
|
0.76%
+16.9% YoY
|
0.69%
+15.8% YoY
|
50% |
| Tier 1 Capital Ratio ? |
13.46%
+8.8% YoY
+1.3% QoQ
|
-1.38% |
14.84%
-0.4% YoY
|
15.35%
-0.4% YoY
|
17.09%
+0.8% YoY
|
56% |
| Non-Interest Income / Assets ? |
0.59%
+0.9% YoY
+120.5% QoQ
|
+0.07% |
0.53%
+2.5% YoY
|
0.31%
+3.9% YoY
|
0.66%
+5.2% YoY
|
Top 14.5% in tier |
Additional Detail
Deposit mix, loan mix, capital, efficiency, asset quality & profitability · As of 2026-Q2
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 (MN) | National Avg | Tier Percentile |
|---|---|---|---|---|---|---|
| Noninterest-Bearing |
18.3%
-0.7pp YoY +0.6pp QoQ |
-3.1pp | 21.4% | 21.9% | 22.2% | 42% |
| Brokered Deposits | n/a | n/a | 9.5% | 8.3% | 8.5% | n/a |
Loan Composition
% of total loans & leases
| Metric | Current | vs Tier | Tier Avg | State Avg (MN) | National Avg | Tier Percentile |
|---|---|---|---|---|---|---|
| C&I |
16.2%
-2.8pp YoY +0.2pp QoQ |
+2.2pp | 14.0% | 14.6% | 12.5% | 71% |
| CRE |
48.1%
+1.3pp YoY -0.9pp QoQ |
-1.9pp | 50.0% | 36.5% | 41.4% | 45% |
| 1-4 Family |
23.0%
+1.8pp YoY +0.7pp QoQ |
-3.4pp | 26.4% | 29.4% | 31.3% | 50% |
| Consumer |
1.7%
-0.2pp YoY 0.0pp QoQ |
-3.0pp | 4.7% | 4.5% | 5.0% | 59% |
Capital
| Metric | Current | vs Tier | Tier Avg | State Avg (MN) | National Avg | Tier Percentile |
|---|---|---|---|---|---|---|
| CET1 Ratio |
13.5%
+1.1pp YoY +0.2pp QoQ |
-2.1pp | 15.6% | 16.5% | 19.7% | 49% |
| Leverage Ratio |
11.5%
+0.4pp YoY +0.2pp QoQ |
+0.2pp | 11.3% | 11.0% | 12.6% | 69% |
| Total Capital Ratio |
14.6%
+1.0pp YoY +0.2pp QoQ |
-2.1pp | 16.7% | 17.6% | 20.8% | 48% |
Efficiency & Staffing
| Metric | Current | vs Tier | Tier Avg | State Avg (MN) | National Avg | Tier Percentile |
|---|---|---|---|---|---|---|
| Full-Time Employees |
385
+7 (+1.9%) YoY +9 (+2.4%) QoQ |
+71 | 313 | 55 | 482 | 77% |
| Assets per Employee ($) |
$7.5M
+2.2% YoY -4.0% QoQ |
-$3.0M | $10.5M | $8.6M | $8.8M | 31% |
| Branch Count |
22
0 YoY 0 QoQ |
+2 | 20 | 4 | 18 | 70% |
Asset Quality
| Metric | Current | vs Tier | Tier Avg | State Avg (MN) | National Avg | Tier Percentile |
|---|---|---|---|---|---|---|
| Past Due 90+ Days |
0.0%
0.0pp YoY -0.1pp QoQ |
-0.2pp | 0.2% | 0.4% | 0.4% | 22% |
| Nonaccrual |
0.5%
-0.2pp YoY -0.3pp QoQ |
-0.3pp | 0.8% | 1.0% | 1.0% | 52% |
| Allowance Coverage |
2.37x
+39.9% YoY +65.0% QoQ |
-16.34x | 18.71x | 20.41x | 20.23x | 55% |
| Net Charge-off Rate (YTD) |
0.1%
0.0pp YoY 0.0pp QoQ |
-0.2pp | 0.3% | 0.2% | 0.2% | 56% |
Profitability
| Metric | Current | vs Tier | Tier Avg | State Avg (MN) | National Avg | Tier Percentile |
|---|---|---|---|---|---|---|
| ROE |
10.5%
+0.6pp YoY 0.0pp QoQ |
-2.1pp | 12.6% | 13.1% | 11.6% | 38% |
| Cost of Funds (YTD) |
1.7%
-0.4pp YoY 0.0pp QoQ |
-0.2pp | 1.9% | 1.7% | 1.7% | 35% |
| Net Income ($, YTD) |
$17.9M
+15.4% YoY — QoQ |
-$1.3M | $19.2M | $4.5M | $40.4M | 66% |
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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
See how this bank ranks across all tracked metrics compared to peers.