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.
Apply in 5 minutes, get your money in as fast as 5 days.
Digital application experience.
Funds directly to your bank account.
No in-person appraisal needed.
Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for
taxes and insurance premiums. Click here for more information on rates and product details.
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Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for
taxes and insurance premiums. Click here for more information on rates and product details.
Overview 2024
General Bank Information
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
Summary Balance Sheet as of March 31, 2024
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
Summary Income Statement as of March 31, 2024
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
Customer Reviews for Merchants Bank of Indiana (2)
Rated 2.00 stars out of 5 - based on 2 reviews
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.
Branches
Click on location and enter new zip number to change.
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.