BlastPoint's Banking Scorecard
First Merchants Bank
Mid-Market
Specialty: Commercial
IN
FDIC cert 4365
Muncie, IN
201
banks in Mid-Market tier nationally
10 in IN
View Mid-Market leaderboard (IN) →
First Merchants Bank faces 1 concern requiring attention
Key Strengths
Areas where this bank excels compared to peers
No key strengths identified
Key Concerns
Areas that may need attention
- - NIB Deposit Bleed: Bottom 50% in Mid-Market
Core Metrics
As of 2025-Q4
| Metric | Current | vs Tier | Tier Avg | State Avg (IN) | National Avg | Tier Percentile |
|---|---|---|---|---|---|---|
| Total Assets ? |
$19.0B
+3.9% YoY
+1.1% QoQ
|
+$8.6B |
$10.5B
+2.9% YoY
|
$2.4B
+12.3% YoY
|
$5.9B
+6.5% YoY
|
Top 11% in tier |
| Total Loans ? |
$13.6B
+7.4% YoY
+1.5% QoQ
|
+$6.5B |
$7.1B
+4.5% YoY
|
$1.7B
+13.4% YoY
|
$3.1B
+8.5% YoY
|
Top 8% in tier |
| Total Deposits ? |
$15.3B
+5.1% YoY
+2.8% QoQ
|
+$6.8B |
$8.5B
+3.0% YoY
|
$1.9B
+12.7% YoY
|
$4.7B
+6.3% YoY
|
Top 11% in tier |
| Return on Assets ? |
1.27%
+9.0% YoY
-0.0% QoQ
|
+0.10% |
1.16%
+9.4% YoY
|
1.01%
+19.7% YoY
|
1.12%
+15.6% YoY
|
60% |
| Net Interest Margin ? |
3.21%
+0.3% YoY
+0.7% QoQ
|
-0.18% |
3.40%
+7.9% YoY
|
3.50%
+10.2% YoY
|
3.75%
+7.1% YoY
|
35% |
| Efficiency Ratio ? |
54.97%
+2.0% YoY
-0.0% QoQ
|
-1.63% |
56.60%
-3.2% YoY
|
67.50%
-4.6% YoY
|
65.09%
-5.1% YoY
|
59% |
| Delinquency Rate ? |
0.54%
-13.7% YoY
+7.5% QoQ
|
-0.14% |
0.68%
+12.0% YoY
|
0.77%
+9.8% YoY
|
0.66%
+20.3% YoY
|
53% |
| Loan-to-Deposit Ratio ? |
88.78%
+2.1% YoY
-1.3% QoQ
|
+3.31% |
85.47%
+1.1% YoY
|
82.11%
+1.7% YoY
|
78.04%
+0.7% YoY
|
45% |
| Non-Interest-Bearing Deposit Share ? |
14.21%
-13.4% YoY
-1.5% QoQ
|
-6.43% |
20.64%
-0.3% YoY
|
16.86%
-1.9% YoY
|
21.79%
-1.3% YoY
|
23% |
| Nonperforming Asset Ratio ? |
0.39%
-15.3% YoY
+6.8% QoQ
|
-0.11% |
0.50%
+7.3% YoY
|
0.58%
+19.3% YoY
|
0.48%
+20.8% YoY
|
53% |
| Tier 1 Capital Ratio ? |
11.86%
+1.9% YoY
+3.9% QoQ
|
-1.69% |
13.55%
+1.8% YoY
|
9.17%
+0.4% YoY
|
9.75%
-1.9% YoY
|
28% |
| Non-Interest Income / Assets ? |
0.65%
-17.5% YoY
+33.5% QoQ
|
-0.30% |
0.96%
+7.1% YoY
|
0.62%
-11.1% YoY
|
0.65%
+0.6% YoY
|
46% |
Signature Analysis
Strengths (0)
No strengths identified
Concerns (1)
NIB Deposit Bleed
decline
#5 of 9 · Bottom 50% in Mid-Market
Non-interest-bearing deposit share dropped 2+ pp YoY and now below the tier median. Cheap funding leaving for higher-yield competitors.
Why this signature
Noninterest-Bearing Deposit Share:
14.21%
(Tier: 20.64%, National: 21.79%)
9 of 9 Mid-Market banks match
·
98 nationally
→ Stable
-10 banks QoQ
|
QoQ rank improving
Metric Rankings
How this bank ranks across all 12 tracked metrics. Switch cohort to compare against different peer sets.
Strengths: Metrics in the top 25% (75th percentile or higher) Concerns: Metrics in the bottom 25%
Top Strengths
92
92th pctile
Total Loans
Current: $13.6B · Tier avg: $7.1B
89
89th pctile
Total Assets
Current: $19.0B · Tier avg: $10.5B
89
89th pctile
Total Deposits
Current: $15.3B · Tier avg: $8.5B
60
60th pctile
Return on Assets
Current: 1.27% · Tier avg: 1.16%
59
59th pctile
Efficiency Ratio
Current: 54.97% · Tier avg: 56.60%
53
53th pctile
Delinquency Rate
Current: 0.54% · Tier avg: 0.68%
53
53th pctile
Nonperforming Asset Ratio
Current: 0.39% · Tier avg: 0.50%
46
46th pctile
Non-Interest Income / Assets
Current: 0.65% · Tier avg: 0.96%
45
45th pctile
Loan-to-Deposit Ratio
Current: 88.78% · Tier avg: 85.47%
35
35th pctile
Net Interest Margin
Current: 3.21% · Tier avg: 3.40%
28
28th pctile
Tier 1 Capital Ratio
Current: 11.86% · Tier avg: 13.55%
23
23th pctile
Non-Interest-Bearing Deposit Share
Current: 14.21% · Tier avg: 20.64%
Top Weaknesses
23
23th pctile
Non-Interest-Bearing Deposit Share
Current: 14.21% · Tier avg: 20.64%
28
28th pctile
Tier 1 Capital Ratio
Current: 11.86% · Tier avg: 13.55%
35
35th pctile
Net Interest Margin
Current: 3.21% · Tier avg: 3.40%
45
45th pctile
Loan-to-Deposit Ratio
Current: 88.78% · Tier avg: 85.47%
46
46th pctile
Non-Interest Income / Assets
Current: 0.65% · Tier avg: 0.96%
53
53th pctile
Nonperforming Asset Ratio
Current: 0.39% · Tier avg: 0.50%
53
53th pctile
Delinquency Rate
Current: 0.54% · Tier avg: 0.68%
59
59th pctile
Efficiency Ratio
Current: 54.97% · Tier avg: 56.60%
60
60th pctile
Return on Assets
Current: 1.27% · Tier avg: 1.16%
89
89th pctile
Total Deposits
Current: $15.3B · Tier avg: $8.5B
89
89th pctile
Total Assets
Current: $19.0B · Tier avg: $10.5B
92
92th pctile
Total Loans
Current: $13.6B · Tier avg: $7.1B