BranchWatch

First Merchants Bank

Headquartered in Muncie, IN. Part of First Merchants Corporation. FDIC certificate #4365 · Federal Reserve RSSD 17147.

Total assets
$21.0B
Deposits
$16.5B
Q1 2026
Active branches
135
Closings since Jan 2020
43
13 openings since Jan 2020

Financial snapshot — Q1 2026

All quarters
Net income (quarter)
$33M
Return on assets
0.66%
Return on equity
5.14%
Noncurrent loan rate
0.60%

Deposits by year (Summary of Deposits)

8
2019
11
2020
12
2021
15
2022
15
2023
15
2024
15
2025

Values in $ billions, June 30 of each year.

Closings by year

8
2020
16
2021
6
2022
6
2023
3
2024
4
2026

Openings by year

2
2020
3
2022
1
2023
2
2024
2
2025
3
2026

Other network changes since 2020

  • 8 branch relocations
  • 33 branches acquired through purchases or mergers

Branches by state

Recent closings (30 of 43)

All figures transcribed from FDIC BankFind Suite records: structure-change history, quarterly financial reports and the annual Summary of Deposits · bank site: www.firstmerchants.com.