Merchants Bank of Indiana is headquartered in Carmel, Indiana. It is a state-chartered bank that is not a member of the Federal Reserve System, established 06/23/1923 and insured by the FDIC since 01/01/1934. At the 06/30/2026 reporting date it held $21.2 billion in assets and $14.3 billion in deposits across 8 offices.
Size
By total assets it ranks #104 of 4,213 active FDIC-insured banks in the United States. Among the 87 FDIC-insured banks headquartered in Indiana it ranks #3.
Capital and earnings
| Equity capital | $2.3 billion (11.0% of assets) |
|---|---|
| Net income, year to date | $151 million through 06/30/2026 |
| Return on assets (annualized) | 1.49% |
Equity capital is what the bank owns after subtracting its liabilities; a higher share of assets means a thicker cushion against losses. These are the bank’s own regulatory filings, not a rating or a recommendation.
Is it FDIC insured?
Yes. Merchants Bank of Indiana holds FDIC certificate number 8056. Deposits are insured up to $250,000 per depositor, per insured bank, per ownership category. You can confirm this on the bank’s FDIC BankFind page.
Other large banks in Indiana
- Old National Bank, $73.9 billion in assets
- First Merchants Bank, $21.3 billion in assets
- Centier Bank, $10.4 billion in assets
- 1st Source Bank, $9.3 billion in assets
- German American Bank, $8.4 billion in assets
- Lake City Bank, $7.2 billion in assets
Banks of a similar size
- Mechanics Bank, #102, $21.2 billion in assets
- Citizens Business Bank, National Association, #103, $21.2 billion in assets
- The Central Trust Bank, #105, $20.3 billion in assets
- Apple Bank, #106, $19.9 billion in assets
Related
- Credit unions in Indiana
- Top mortgage lenders in Indiana
- Indiana property tax, home prices and banks
- All large US banks
- Compared savings accounts
This page reports regulatory data only. It does not show the bank’s rates or products, which change often and are listed on the bank’s own site. bankmerchants.com