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.
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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
$ 19.39 billion
Loans
$ 15.44 billion
Deposits
$ 13.10 billion
Capital
$ 2.24 billion
Summary Balance Sheet as of September 30, 2025
ASSETS
Cash & Balances due from depository institutions
$ 212.20 million
Interest-bearing balances
$ 196.36 million
Total securities
$ 1,837.40 million
Federal funds sold and reverse repurchase
$ 1.52 million
Net loans and leases
$ 15.44 billion
Loan loss allowance
$ 83.30 million
Trading account assets
$ 571.31 million
Bank premises and fixed assets
N.A.
Other real estate owned
$ 60.15 million
Goodwill and other intangibles
$ 225.35 million
All other assets
$ 147.26 million
Total Assets
$ 17.16 billion
LIABILITIES
Total deposits
$ 13.10 billion
Interest-bearing deposits
$ 12.44 billion
Deposits held in domestic offices
$ 13.10 billion
% insured (estimated)"
76.88%
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
$ 17.16 billion
Shareholders’ Equity
$ 2.24 billion
Summary Income Statement as of September 30, 2025
INCOME AND EXPENSES
Total Interest Income
$ 1,198.09 million
Total Interest Expense
$ 670.98 million
Net interest income
$ 527.10 million
Provision for loan and lease losses
$ 117.75 million
Total non interest income
$ 162.57 million
Total non interest expense
$ 296.99 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: Phoenix, AZ
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.