Merchants Bank of Indiana is an FDIC insured institution headquartered at
410 Monon Blvd, Carmel, IN 46032.
It was founded in
1923 and has approximately $18 billion in
assets. Customers can open an account at one of its 5 branches.
| MM RATES | APY | MIN | |
|---|---|---|---|
|
Money Market
|
4.25% | $50 | Compare |
|
Intro APR: 6.990 %
After Intro:6.990 % |
$0 |
Rate NMLS ID: 2611 / Updated 2024-12-17 |
Intro APR: 7.900 %
After Intro:7.900 % |
$25,000 |
Achieve Loans NMLS ID: 1810501 / Updated 2024-11-20 |
Intro APR: 10.625 %
After Intro:10.625 % |
$0 |
Spring EQ NMLS ID: 1464945 / Updated 2024-12-24 |
The leader for homeowners tapping cash from their homes since 2016. | $0 |
Upstart NMLS ID: 2443873 / Updated 2024-12-24 |
As low as 8.25% APR on your initial draw* | $0 |
| Home Equity Line of Credit - Equal Housing Lender | $0 |
District Lending NMLS ID: 598623 / Updated 2024-12-24 |
No Lender Fees | $0 |
AmeriSave Mortgage Corporation NMLS ID: 1168 / Updated 2024-12-24 |
Home Equity Loans & Refinance – Cash out | $0 |
| HELOC approval in 5 minutes, funding in 5 days. Borrow up to $400k online. | $0 |
New American Funding, LLC NMLS ID: 6606 / Updated 2024-12-24 |
Cash-Out and Home Equity Options Available. | $0 |
CrossCountry Mortgage, LLC NMLS ID: 3029 / Updated 2024-12-24 |
"Unlock Your Home's Potential" | $0 |
| 6.565% |
$1,997
Fees & Points
$6,400 Total
1.000 Pts ($3,200) $3,200 Fees |
Sebonic NMLS ID: 66247 |
6.799% |
$2,076
Fees & Points
$1,610 Total
0.503 Pts ($1,610) $0 Fees |
West Capital Lending NMLS ID: 1566096 |
6.860% |
$2,076
Fees & Points
$3,609 Total
0.581 Pts ($1,859) $1,750 Fees |
| 6.871% |
$2,076
Fees & Points
$3,968 Total
0.929 Pts ($2,973) $995 Fees |
PADDIO NMLS ID: 1907 |
6.930% |
$2,103
Fees & Points
$1,802 Total
0.563 Pts ($1,802) $0 Fees |
Beeline Loans, Inc. NMLS ID: 1799947 |
6.976% |
$2,103
Fees & Points
$3,297 Total
0.718 Pts ($2,298) $999 Fees |
| 7.000% |
$2,103
Fees & Points
$4,265 Total
0.901 Pts ($2,883) $1,382 Fees |
Mutual of Omaha Mortgage, Inc. NMLS ID: 1025894 |
7.078% |
$2,127
Fees & Points
$2,854 Total
0.673 Pts ($2,154) $700 Fees |
Rocket Mortgage NMLS ID: 3030 |
7.338% |
$2,183
Fees & Points
$2,800 Total
0.875 Pts ($2,800) $0 Fees |
Beeline Loans, Inc. NMLS ID: 1799947 |
Fees & Points
Total
Pts ($0) $0 Fees |
Neighbors Bank NMLS ID: 491986 |
Fees & Points
Total
Pts ($0) $0 Fees |
Veterans United Home Loans NMLS ID: 1907 |
Fees & Points
Total
Pts ($0) $0 Fees |
| FDIC Insured | Yes |
| FDIC Certificate | # 8056 |
| Date Established | 1923 |
| Assets | $ 18.18 billion |
| Loans | $ 14.63 billion |
| Deposits | $ 14.97 billion |
| Capital | $ 1,882.05 million |
| ASSETS | |
| Cash & Balances due from depository institutions | $ 540.88 million |
| Interest-bearing balances | $ 530.64 million |
| Total securities | $ 1,625.36 million |
| Federal funds sold and reverse repurchase | $ 3.30 million |
| Net loans and leases | $ 14.63 billion |
| Loan loss allowance | $ 81.03 million |
| Trading account assets | $ 682.77 million |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | N.A. |
| Goodwill and other intangibles | $ 186.88 million |
| All other assets | $ 147.26 million |
| Total Assets | $ 16.30 billion |
| LIABILITIES | |
| Total deposits | $ 14.97 billion |
| Interest-bearing deposits | $ 14.53 billion |
| Deposits held in domestic offices | $ 14.97 billion |
| % insured (estimated) | 84.50% |
| Federal funds purchased and repurchase agreements | N.A. |
| Trading liabilities | N.A. |
| Other borrowed funds | $ 1,420.75 million |
| Subordinated debt | N.A. |
| All other liabilities | $ 107.08 millionn |
| Total Liabilities | $ 16.30 billion |
| Shareholders’ Equity | $ 1,882.05 million |
| INCOME AND EXPENSES | |
| Total Interest Income | $ 642.19 million |
| Total Interest Expense | $ 381.89 million |
| Net interest income | $ 260.30 million |
| Provision for loan and lease losses | $ 15.35 million |
| Total non interest income | $ 69.21 million |
| Total non interest expense | $ 97.50 million |
| Pre-tax Net Operating Income | $ 137.57 million |
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Your current location is: Columbus, OH
disappointed
April 3, 2023 |
everything is a challenge for these guys.
I would not recommend it to anyone outside their geography who can get to one of their physical locations to fix stuff in person.
LidyKiene
October 13, 2022 |
Seems to be run by one really nice young lady who is working her ass off to answer the phone. I feel so sorry for her, but the absence of a transfer process made this one too difficult for me.