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.
| MM RATES | APY | MIN | |
|---|---|---|---|
|
Money Market
|
4.00% | $50 | Compare |
Figure Home Equity NMLS ID: 1717824 / Updated 2025-09-22 |
Intro APR: 6.950 %
After Intro:6.950 % |
$15,000 |
|
Intro APR: 6.990 %
After Intro:6.990 % |
$0 |
| Home Equity Line of Credit - Equal Housing Lender | $0 |
Reliant Home Funding, Inc. NMLS ID: 292473 |
5.855% |
$1,868
Fees & Points
$3,669 Total
0.523 Pts ($1,674) $1,995 Fees |
Farmers Bank of Kansas City NMLS ID: 613839 |
6.119% |
$1,917
Fees & Points
$4,441 Total
0.798 Pts ($2,554) $1,887 Fees |
PenFed Credit Union NMLS ID: 401822 |
6.174% |
$1,919
Fees & Points
$6,000 Total
0.875 Pts ($2,800) $3,200 Fees |
Quicken Loans NMLS ID: 167283 |
Fees & Points
Total
Pts ($0) $0 Fees |
| FDIC Insured | Yes |
| FDIC Certificate | # 8056 |
| Date Established | 1923 |
| Assets | $ 19.08 billion |
| Loans | $ 14.94 billion |
| Deposits | $ 12.75 billion |
| Capital | $ 2.14 billion |
| ASSETS | |
| Cash & Balances due from depository institutions | $ 647.17 million |
| Interest-bearing balances | $ 631.75 million |
| Total securities | $ 1,881.59 million |
| Federal funds sold and reverse repurchase | $ 1.54 million |
| Net loans and leases | $ 14.94 billion |
| Loan loss allowance | $ 91.81 million |
| Trading account assets | $ 602.96 million |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | $ 7.05 million |
| Goodwill and other intangibles | $ 201.10 million |
| All other assets | $ 147.26 million |
| Total Assets | $ 16.95 billion |
| LIABILITIES | |
| Total deposits | $ 12.75 billion |
| Interest-bearing deposits | $ 12.37 billion |
| Deposits held in domestic offices | $ 12.75 billion |
| % insured (estimated)" | 76.23% |
| 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 | $ 16.95 billion |
| Shareholders’ Equity | $ 2.14 billion |
| INCOME AND EXPENSES | |
| Total Interest Income | $ 590.23 million |
| Total Interest Expense | $ 334.31 million |
| Net interest income | $ 255.92 million |
| Provision for loan and lease losses | $ 60.75 million |
| Total non interest income | $ 71.73 million |
| Total non interest expense | $ 137.60 million |
| Pre-tax Net Operating Income | $ 137.57 million |
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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.