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Merchants Bank

$100M-$1B Specialty: Agricultural ND FDIC cert 8943

Rugby, ND

6 branches across ND · MT

2664 banks in the $100M-$1B peer group nationally 35 in ND
View $100M-$1B leaderboard (ND) →

Merchants Bank has 2 strengths but faces 2 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 0.09% above tier average
  • + Efficiency Ratio 12.62% below tier average

Key Concerns

Areas that may need attention

  • - Non-Interest Income / Assets 0.25% below tier average
  • - Delinquency Rate 0.34% above tier average
Get updates when Merchants Bank releases new data →

Core Metrics

As of 2026-Q1

Metric Current vs Tier Tier Avg State Avg (ND) National Avg Tier Percentile
Total Assets ? $257.6M
+1.2% YoY -4.4% QoQ
-$128.5M $386.1M
+0.5% YoY
$1.1B
+4.5% YoY
$6.2B
+9.1% YoY
39%
Total Loans ? $176.3M
+3.3% YoY -8.1% QoQ
-$79.4M $255.7M
+1.1% YoY
$779.7M
+5.6% YoY
$3.2B
+10.8% YoY
43%
Total Deposits ? $226.7M
-0.1% YoY -5.0% QoQ
-$101.2M $328.0M
+0.1% YoY
$930.6M
+2.8% YoY
$4.8B
+8.2% YoY
40%
Return on Assets ? 1.36%
+28.3% YoY -2.4% QoQ
+0.09% 1.27%
+12.9% YoY
1.38%
+15.2% YoY
1.23%
+13.4% YoY
59%
Net Interest Margin ? 3.94%
+3.2% YoY -6.5% QoQ
+0.01% 3.93%
+6.0% YoY
3.69%
+5.3% YoY
3.89%
+5.7% YoY
53%
Efficiency Ratio ? 52.67%
-7.9% YoY -0.0% QoQ
-12.62% 65.29%
-4.5% YoY
60.25%
-5.8% YoY
66.95%
-4.1% YoY
79%
Delinquency Rate ? 1.23%
-2.1% YoY +8.3% QoQ
+0.34% 0.89%
+18.8% YoY
0.92%
+20.6% YoY
0.95%
+18.8% YoY
24%
Loan-to-Deposit Ratio ? 77.74%
+3.4% YoY -3.3% QoQ
+1.10% 76.64%
+0.8% YoY
69.27%
+0.4% YoY
76.70%
+0.9% YoY
51%
Non-Interest-Bearing Deposit Share ? 21.84%
+1.7% YoY +17.7% QoQ
-0.18% 22.02%
-1.0% YoY
22.07%
+2.0% YoY
22.01%
-1.2% YoY
53%
Nonperforming Asset Ratio ? 0.84%
-0.1% YoY +4.0% QoQ
+0.20% 0.64%
+19.7% YoY
0.56%
+12.7% YoY
0.67%
+19.3% YoY
24%
Tier 1 Capital Ratio ? 14.91%
+17.1% YoY +15.7% QoQ
-0.92% 15.83%
+1.5% YoY
13.00%
+1.5% YoY
17.06%
+0.8% YoY
65%
Non-Interest Income / Assets ? 0.03%
+11.0% YoY -78.5% QoQ
-0.25% 0.28%
+9.3% YoY
0.12%
+7.9% YoY
0.32%
+4.1% YoY
Bottom 7.3% in tier

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).
Comparing against 2664 peers in $100M-$1B

Top Strengths (1 metrics)

561
Efficiency Ratio
profitability
Value: 52.67%
Peer Median: 65.29%
#561 of 2664 Top 21.0% in $100M-$1B

Top Weaknesses (3 metrics)

2471
Non-Interest Income / Assets
revenue_mix
Value: 0.03%
Peer Median: 0.28%
#2471 of 2664 Bottom 7.3% in $100M-$1B
2030
Delinquency Rate
credit_quality
Value: 1.23%
Peer Median: 0.89%
#2030 of 2654 Bottom 23.5% in $100M-$1B
2021
Nonperforming Asset Ratio
credit_quality
Value: 0.84%
Peer Median: 0.64%
#2021 of 2664 Bottom 24.2% in $100M-$1B
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