BlastPoint's Banking Scorecard
Merchants Bank of Indiana
Mid-Market
Specialty: Commercial
IN
FDIC cert 8056
Designations: ✓ Community bank
Carmel, IN
201
banks in Mid-Market tier nationally
10 in IN
View Mid-Market leaderboard (IN) →
Merchants Bank of Indiana faces 4 concerns requiring attention
Key Strengths
Areas where this bank excels compared to peers
No key strengths identified
Key Concerns
Areas that may need attention
- - Margin Compression: Bottom 1% in Mid-Market
- - Cost Spiral: Bottom 17% in Mid-Market
- - Loan-to-Deposit Ratio 32.41% above tier
- - Nonperforming Asset Ratio 0.83% above tier
Core Metrics
As of 2025-Q4
| Metric | Current | vs Tier | Tier Avg | State Avg (IN) | National Avg | Tier Percentile |
|---|---|---|---|---|---|---|
| Total Assets ? |
$19.4B
+4.1% YoY
+0.5% QoQ
|
+$8.9B |
$10.5B
+2.9% YoY
|
$2.4B
+12.3% YoY
|
$5.9B
+6.5% YoY
|
Top 9% in tier |
| Total Loans ? |
$15.4B
+6.1% YoY
+2.6% QoQ
|
+$8.3B |
$7.1B
+4.5% YoY
|
$1.7B
+13.4% YoY
|
$3.1B
+8.5% YoY
|
Top 4% in tier |
| Total Deposits ? |
$13.1B
+9.4% YoY
-6.4% QoQ
|
+$4.6B |
$8.5B
+3.0% YoY
|
$1.9B
+12.7% YoY
|
$4.7B
+6.3% YoY
|
82% |
| Return on Assets ? |
1.20%
-33.8% YoY
+9.3% QoQ
|
+0.03% |
1.16%
+9.4% YoY
|
1.01%
+19.7% YoY
|
1.12%
+15.6% YoY
|
53% |
| Net Interest Margin ? |
2.94%
-4.7% YoY
+2.2% QoQ
|
-0.46% |
3.40%
+7.9% YoY
|
3.50%
+10.2% YoY
|
3.75%
+7.1% YoY
|
26% |
| Efficiency Ratio ? |
43.06%
+31.8% YoY
+0.5% QoQ
|
-13.55% |
56.60%
-3.2% YoY
|
67.50%
-4.6% YoY
|
65.09%
-5.1% YoY
|
Top 13% in tier |
| Delinquency Rate ? |
1.28%
-33.4% YoY
-35.3% QoQ
|
+0.60% |
0.68%
+12.0% YoY
|
0.77%
+9.8% YoY
|
0.66%
+20.3% YoY
|
16% |
| Loan-to-Deposit Ratio ? |
117.88%
-3.0% YoY
+9.6% QoQ
|
+32.41% |
85.47%
+1.1% YoY
|
82.11%
+1.7% YoY
|
78.04%
+0.7% YoY
|
Bottom 4% in tier |
| Non-Interest-Bearing Deposit Share ? |
5.04%
+102.3% YoY
+52.1% QoQ
|
-15.60% |
20.64%
-0.3% YoY
|
16.86%
-1.9% YoY
|
21.79%
-1.3% YoY
|
Bottom 10% in tier |
| Nonperforming Asset Ratio ? |
1.33%
-14.0% YoY
-15.2% QoQ
|
+0.83% |
0.50%
+7.3% YoY
|
0.58%
+19.3% YoY
|
0.48%
+20.8% YoY
|
Bottom 8% in tier |
| Tier 1 Capital Ratio ? |
12.84%
+4.4% YoY
+0.7% QoQ
|
-0.72% |
13.55%
+1.8% YoY
|
9.17%
+0.4% YoY
|
9.75%
-1.9% YoY
|
46% |
| Non-Interest Income / Assets ? |
0.84%
+9.0% YoY
+42.7% QoQ
|
-0.12% |
0.96%
+7.1% YoY
|
0.62%
-11.1% YoY
|
0.65%
+0.6% YoY
|
69% |
Signature Analysis
Strengths (0)
No strengths identified
Concerns (4)
Margin Compression
decline
#1 of 19 · Bottom 1% in Mid-Market
Profitability above 0.75% ROA but margins eroding by at least 0.10pp YoY. Something changed - rising costs or falling yields need addressing.
Why this signature
Return on Assets:
1.20%
(Tier: 1.16%, National: 1.12%)
19 of 19 Mid-Market banks match
·
147 nationally
→ Stable
-9 banks QoQ
Cost Spiral
risk
#2 of 7 · Bottom 17% in Mid-Market
Historically lean operator (efficiency < 75%) now seeing 5+ point efficiency ratio increase YoY despite strong profitability. Efficiency advantage eroding.
Why this signature
Efficiency Ratio:
43.06%
(Tier: 56.60%, National: 65.09%)
7 of 7 Mid-Market banks match
·
50 nationally
↓ Shrinking
-10 banks QoQ
Loan-to-Deposit Ratio
metric
Bottom 4%
in Mid-Market
Why this stands out
Current:
117.88%
(Tier avg: 85.47%, National avg: 78.04%)
Nonperforming Asset Ratio
metric
Bottom 8%
in Mid-Market
Why this stands out
Current:
1.33%
(Tier avg: 0.50%, National avg: 0.48%)
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
96
96th pctile
Total Loans
Current: $15.4B · Tier avg: $7.1B
91
91th pctile
Total Assets
Current: $19.4B · Tier avg: $10.5B
87
87th pctile
Efficiency Ratio
Current: 43.06% · Tier avg: 56.60%
82
82th pctile
Total Deposits
Current: $13.1B · Tier avg: $8.5B
69
69th pctile
Non-Interest Income / Assets
Current: 0.84% · Tier avg: 0.96%
53
53th pctile
Return on Assets
Current: 1.20% · Tier avg: 1.16%
46
46th pctile
Tier 1 Capital Ratio
Current: 12.84% · Tier avg: 13.55%
26
26th pctile
Net Interest Margin
Current: 2.94% · Tier avg: 3.40%
16
16th pctile
Delinquency Rate
Current: 1.28% · Tier avg: 0.68%
10
10th pctile
Non-Interest-Bearing Deposit Share
Current: 5.04% · Tier avg: 20.64%
8
8th pctile
Nonperforming Asset Ratio
Current: 1.33% · Tier avg: 0.50%
4
4th pctile
Loan-to-Deposit Ratio
Current: 117.88% · Tier avg: 85.47%
Top Weaknesses
4
4th pctile
Loan-to-Deposit Ratio
Current: 117.88% · Tier avg: 85.47%
8
8th pctile
Nonperforming Asset Ratio
Current: 1.33% · Tier avg: 0.50%
10
10th pctile
Non-Interest-Bearing Deposit Share
Current: 5.04% · Tier avg: 20.64%
16
16th pctile
Delinquency Rate
Current: 1.28% · Tier avg: 0.68%
26
26th pctile
Net Interest Margin
Current: 2.94% · Tier avg: 3.40%
46
46th pctile
Tier 1 Capital Ratio
Current: 12.84% · Tier avg: 13.55%
53
53th pctile
Return on Assets
Current: 1.20% · Tier avg: 1.16%
69
69th pctile
Non-Interest Income / Assets
Current: 0.84% · Tier avg: 0.96%
82
82th pctile
Total Deposits
Current: $13.1B · Tier avg: $8.5B
87
87th pctile
Efficiency Ratio
Current: 43.06% · Tier avg: 56.60%
91
91th pctile
Total Assets
Current: $19.4B · Tier avg: $10.5B
96
96th pctile
Total Loans
Current: $15.4B · Tier avg: $7.1B