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 $19 billion in assets. Customers can open an account at one of its 5 branches.
Tap into your home's equity & access the funds you need with a HELOC
Apply online or speak with a specialist
No application, origination & appraisal fees on lines up to $500K[3]
On average, access funds within 35 days[5]
Rate data provided by RateUpdate.com. Displayed by Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Rate and product details .
Rate data provided by RateUpdate.com. Displayed by Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Rate and product details .
Overview 2026
General Bank Information
FDIC Insured
Yes
FDIC Certificate
# 8056
Date Established
1923
Assets
$ 19.30 billion
Loans
$ 15.06 billion
Deposits
$ 14.00 billion
Capital
$ 2.18 billion
Summary Balance Sheet as of September 30, 2025
ASSETS
Cash & Balances due from depository institutions
$ 598.04 million
Interest-bearing balances
$ 586.47 million
Total securities
$ 1,964.25 million
Federal funds sold and reverse repurchase
$ 1.53 million
Net loans and leases
$ 15.06 billion
Loan loss allowance
$ 93.33 million
Trading account assets
$ 591.38 million
Bank premises and fixed assets
N.A.
Other real estate owned
$ 4.35 million
Goodwill and other intangibles
$ 221.21 million
All other assets
$ 147.26 million
Total Assets
$ 17.12 billion
LIABILITIES
Total deposits
$ 14.00 billion
Interest-bearing deposits
$ 13.53 billion
Deposits held in domestic offices
$ 14.00 billion
% insured (estimated)"
73.81%
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
$ 17.12 billion
Shareholders’ Equity
$ 2.18 billion
Summary Income Statement as of September 30, 2025
INCOME AND EXPENSES
Total Interest Income
$ 891.30 million
Total Interest Expense
$ 504.84 million
Net interest income
$ 386.46 million
Provision for loan and lease losses
$ 89.99 million
Total non interest income
$ 113.37 million
Total non interest expense
$ 214.27 million
Pre-tax Net Operating Income
$ 137.57 million
Customer Reviews for Merchants Bank of Indiana (2)
Rated 2.00 stars out of 5 - based on 2 reviews
disappointed
April 3, 2023 |
everything is a challenge for these guys.
I would not recommend it to anyone outside their geography who can get to one of their physical locations to fix stuff in person.
LidyKiene
October 13, 2022 |
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.
Branches
Click on location and enter new zip number to change."
Your current location is: New York City, NY
disappointed
April 3, 2023 |
everything is a challenge for these guys.
I would not recommend it to anyone outside their geography who can get to one of their physical locations to fix stuff in person.
LidyKiene
October 13, 2022 |
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.