Carmel, IN · Cert 8056 · Merchants Bcorp
State charter, non-member · FDIC · 8 branches
Q2 2026
Market Position · Indianapolis-Carmel-Greenwood, IN · 2026 SOD (annual) · 14.8% share · #2 of 49 inst. · $13.6B of $91.8B
Return on Assets (quarter, annualized)
Net Interest Margin (quarter, annualized)
Efficiency Ratio (quarter, annualized)
Tier 1 Leverage Ratio
Discrete quarter, annualized.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.36% | 2.08% | 1.27% | 0.84% | 1.17% | 1.49% | 1.41% | 1.56% | +72 bps | |
| Return on Equity | 13.21% | 19.48% | 11.34% | 7.50% | 10.40% | 13.09% | 12.46% | 14.15% | +664 bps | |
| Net Interest Margin | 2.97% | 2.95% | 2.81% | 2.78% | 2.79% | 2.85% | 2.78% | 2.71% | -7 bps | |
| Efficiency Ratio | 40.17% | 32.16% | 41.60% | 42.31% | 44.53% | 43.57% | 41.71% | 38.79% | -352 bps | |
| Non-Interest Burden | 0.99% | 0.08% | 0.88% | 0.57% | 0.75% | 0.68% | 0.60% | 0.52% | -5 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 14.99% | 11.94% | 5.64% | 4.94% | 3.78% | 4.13% | 8.12% | 10.94% | +599 bps | |
| Loan Growth (YoY) | 6.72% | 10.28% | 2.69% | 2.21% | 3.88% | 6.08% | 12.32% | 15.50% | +1,329 bps | |
| Deposit Growth (YoY) | 1.05% | -13.63% | -11.06% | -14.80% | 8.18% | 9.37% | 4.59% | 12.47% | +2,727 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 1.45% | 1.91% | 1.91% | 1.67% | 1.97% | 1.27% | 1.49% | 1.18% | -49 bps | |
| Net Charge-Offs / Loans | 0.06% | 0.11% | 0.28% | 1.23% | 0.78% | 0.98% | 0.54% | 0.27% | -96 bps | |
| Allowance / Loans | 0.58% | 0.58% | 0.56% | 0.61% | 0.62% | 0.54% | 0.46% | 0.44% | -17 bps | |
| Allowance Coverage of NPLs | 0.4x | 0.3x | 0.3x | 0.4x | 0.3x | 0.4x | 0.3x | 0.4x | 0.0x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 10.40% | 11.20% | 11.85% | 11.26% | 11.58% | 11.28% | 11.91% | 11.28% | +3 bps | |
| Total Risk-Based Capital | 12.00% | 12.89% | 12.71% | 13.12% | 13.36% | 13.37% | 12.38% | 12.18% | -94 bps | |
| Equity / Assets | 10.25% | 11.14% | 11.28% | 11.20% | 11.29% | 11.53% | 11.14% | 10.97% | -24 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 112.73% | 122.19% | 118.71% | 117.89% | 108.24% | 118.52% | 127.47% | 121.06% | +317 bps | |
| Liquid Assets / Assets | 12.61% | 11.44% | 11.27% | 11.42% | 11.70% | 8.97% | 7.35% | 7.80% | -362 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | 303% | 296% | 279% | n/a | n/a | |