Merchants Bank of Indiana


Merchants Bank of Indiana is an FDIC insured institution headquartered at 410 Monon Blvd, Carmel, IN 46032.
It was founded in 1923 and has approximately $11 billion in assets. Customers can open an account at one of its 5 branches.

Deposit Rates - December 3, 2022

MM RATES APY MIN
Money Market
3.82% $50 Compare

Overview 2022

General Bank Information

FDIC Insured Yes
FDIC Certificate # 8056
Date Established 1923
Assets $ 10.82 billion
Loans $ 9.91 billion
Deposits $ 8.12 billion
Capital $ 1,173.49 million

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $ 254.54 million
Interest-bearing balances $ 245.62 million
Total securities $ 328.59 million
Federal funds sold and reverse repurchase $ 3.52 million
Net loans and leases $ 9.91 billion
Loan loss allowance $ 36.57 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 139.26 million
All other assets $ 147.26 million
     Total Assets $ 9.65 billion

LIABILITIES
Total deposits $ 8.12 billion
      Interest-bearing deposits $ 7.69 billion
      Deposits held in domestic offices $ 8.12 billion
      % insured (estimated) 68.77%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 1,420.75 million
Subordinated debt N.A.
All other liabilities $ 107.08 millionn
      Total Liabilities $ 9.65 billion
      Shareholders’ Equity $ 1,173.49 million

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $ 160.61 million
Total Interest Expense $ 24.72 million
Net interest income $ 135.89 million
Provision for loan and lease losses $ 8.75 million
Total non interest income $ 71.52 million
Total non interest expense $ 61.09 million
Pre-tax Net Operating Income $ 137.57 million

Customer Reviews for Merchants Bank of Indiana (1)

Rated 3.00 stars out of 5 - based on 1 reviews
  • Seems to be run by one really nice young lady who is working her ass off to answer the phone. I feel so sorry for her, but the absence of a transfer process made this one too difficult for me.


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Merchants Bank of Indiana Locations