Merchants Bank of Indiana
Headquartered in Carmel, IN. Part of Merchants Bancorp. FDIC certificate #8056 · Federal Reserve RSSD 963945.
Total assets
$20.3B
Deposits
$13.0B
Q1 2026
Active branches
8
Closings since Jan 2020
0
3 openings since Jan 2020
Financial snapshot — Q1 2026
All quarters →Net income (quarter)
$70M
Return on assets
1.41%
Return on equity
12.46%
Noncurrent loan rate
1.49%
Deposits by year (Summary of Deposits)
52019
72020
82021
82022
132023
152024
132025
Values in $ billions, June 30 of each year.
Openings by year
12020
12024
12026
Other network changes since 2020
- 1 branch relocations
Branches by state
All figures transcribed from FDIC BankFind Suite records: structure-change history, quarterly financial reports and the annual Summary of Deposits · bank site: www.bankmerchants.com.