Merchants National Bank: Financial Reports & UBPR Data
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Data as of · sourced from FFIEC call reports. How we update
Merchants National Bank operates with a thinner capital cushion than most banks of its size. Its balance sheet stood at $1.3 billion at June 30, 2026, down 4.9% from a year earlier; it is based in Hillsboro, Ohio. It funds 8.91% of its assets with Tier 1 capital, lower than about 9 in 10 of the 895 banks with $1 billion to $10 billion in assets (median 10.52%). It also shrank its loan book 3.2% over the year, lower than about 9 in 10 banks its size (median 5.9%).
As of June 30, 2026, Merchants National Bank reported a CET1 capital ratio of 12.00%, a return on assets of 1.29%, a nonperforming-loan ratio of 0.53% and a Texas ratio of 4.18%, according to its call report filed with the FFIEC.
Headquarters Profile
- Address
- 100 N High St, Hillsboro, OH 45133
- County
- Highland
- Charter
- Commercial bank, national (federal) charter, Fed member, OCC-supervised
- Primary Regulator
- OCC
- FDIC Region
- Chicago (Region 9)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 4, Cleveland
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- December 25, 1879
- Former names
- The Merchants National Bank (1996); The Merchants National Bank of Hillsborough (1936-1996)
- Offices
- 17 domestic
- Employees (FTE)
- 194
- Domestic deposits
- $1.11B
- Allowance for credit losses
- $11.3M
- Net charge-offs (YTD)
- $5K
- Average total assets
- $1.28B
- Average total loans
- $936.0M
- Average interest-bearing deposits
- $818.8M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 6605
- Fed RSSD
- 701222
- SEC CIK
- 1024724 → filed by MERCHANTS BANCORP, INC.
- Website
- www.merchantsnat.com →
- Parent Holding Company
- MERCHANTS BANCORP, INC. (RSSD 2485487)
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Rows tagged YTD are fiscal year to date through June 30, 2026, as filed. Net income is tagged Q2 because it is that quarter's own figure, not a running total, so it cannot be compared with a YTD row. ROA, ROE and net interest margin are the quarter's own income, annualized. The UBPR and FDIC annualize the year to date instead, so after the first quarter their figures differ from ours; where the UBPR has this quarter, its value is shown beside each as YTD.
Quarterly trends
Last 12 quarters from this bank's own FFIEC call reports. Dollar figures are the quarter's own amount: the income statement is filed year to date, so those lines are shown net of the preceding quarter.
Balances at each quarter end. The gap between the two lines is equity capital.
Balances at each quarter end. Loans rising toward deposits is the loan-to-deposit ratio tightening.
Balances at each quarter end. Each line is its own balance, not stacked on the other.
Each bar is that quarter alone. The gap between the two is net interest income.
What the balance sheet earned on spread that quarter, before fees and operating costs.
Fees, trading and other income against salaries, premises and the rest of the cost base.
No provision recorded in the last 12 quarters.
Net income for the quarter alone. The Call Report reports it year to date; this series converts it to the single quarter, so each bar covers three months.
CET1 is common equity tier 1 as a share of risk-weighted assets; the leverage ratio is tier 1 capital as a share of average total assets. A bank that files the community bank leverage ratio reports no CET1 ratio, so only its leverage line appears.
Inside the full Merchants National Bank terminal
26 years of quarterly trends · 8 tabs · peer percentiles · Excel export
Unlock Merchants National Bank, freeMerchants National Bank rankings
How this bank ranks on each leaderboard. Click any rank to see the full ranked list.
Ranked among banks that report this metric, so the total differs from card to card. The CET1 ranking leaves out community bank leverage ratio filers, which report no CET1 ratio.
Quarterly trend: last 8 quarters
Quarter-over-quarter movement in the five most-watched ratios. Sourced from the bank's own FFIEC call report filings.
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 12.00% | 1.29% | 0.52% | 4.18% | 3.79% |
| Q1 2026 | 12.21% | 1.07% | 0.53% | 4.33% | 3.41% |
| Q4 2025 | 11.78% | 1.05% | 0.48% | 3.94% | 3.60% |
| Q3 2025 | 12.11% | 1.12% | 0.49% | 4.01% | 3.34% |
| Q2 2025 | 11.65% | 1.18% | 0.43% | 4.06% | 3.42% |
| Q1 2025 | 11.58% | 0.92% | 0.50% | 4.33% | 3.02% |
| Q4 2024 | 11.06% | 0.97% | 0.36% | 3.46% | 3.20% |
| Q3 2024 | 11.06% | 0.77% | 0.41% | 3.47% | 2.74% |
Swipe the table sideways to see every column.
Branch Network
Every branch from the FDIC Summary of Deposits, listed with the deposits booked at each location. The FDIC's office count above also includes administrative and limited-service offices, so the two totals can differ. View all 17 branches →
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Washington Court House Branch | Washington Court House , OH | 43160 | $193.6M |
| The Merchants National Bank | Hillsboro , OH | 45133 | $148.8M |
| Beech Street Branch | Hillsboro , OH | 45133 | $130.2M |
| The Citizens Bank of Logan Ohio Branch | Logan , OH | 43138 | $116.4M |
| London Branch | London , OH | 43140 | $99.8M |
| Highland Plaza Branch | Hillsboro , OH | 45133 | $93.0M |
| Georgetown Branch Office | Georgetown , OH | 45121 | $46.7M |
| Greenfield Branch | Greenfield , OH | 45123 | $40.5M |
| Batavia Branch | Batavia , OH | 45103 | $39.7M |
| 104 Jefferson Street Branch | Greenfield , OH | 45123 | $33.2M |
| Wilmington Rombach Branch | Wilmington , OH | 45177 | $28.6M |
| Primmer Road Branch | Logan , OH | 43138 | $28.2M |
| Mt. Orab Branch | Mount Orab , OH | 45154 | $28.1M |
| City Gate Branch | Marysville , OH | 43040 | $27.3M |
| Stimson Ave Office Branch | Athens , OH | 45701 | $18.4M |
| Wilmington Wayne Branch | Wilmington , OH | 45177 | $18.4M |
| Springfield Branch | Springfield , OH | 45505 | $16.4M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| May 1, 2019 | Structure Change | Acquired The Citizens Bank of Logan, Ohio Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| April 30, 2019 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| August 22, 2009 | Structure Change | Acquired The Citizens Bank of Higginsport, Ohio Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| August 21, 2009 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 4 events.
Regulatory record
What the public regulatory sources show for Merchants National Bank, each with its period and source. These are facts as filed or published, not a rating or score. "Not on file" means we hold no record from that source, which is not the same as a clean record.
- Enforcement actions
- 1 against the institution (Federal Reserve)
- September 16, 2010, Federal Reserve: Written Agreement: Miners and Merchants Bancorp, Inc., Grundy, Virginia; Trupoint Bank, Grundy, Virginia
- Period: Most recent institution action September 16, 2010. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 0.2% of deposits in OH, rank 36 of 185 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- Not on file: no HMDA filing matched
- Period: not on file. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $198K approved, $198K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2006 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Consumer complaints
- Not on file: no CFPB complaints matched
- Period: not on file. Source: CFPB consumer complaint database.
- CFPB enforcement
- Not on file: CFPB enforcement actions are not loaded
- Period: not on file. Source: CFPB enforcement actions.
- CRA examination rating
- Not on file: FFIEC CRA ratings are not loaded
- Period: not on file. Source: FFIEC CRA ratings.
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Frequently asked about Merchants National Bank
What are Merchants National Bank's total assets?
As of the Q2 2026 filing, Merchants National Bank reported total assets of $1.27 billion in its FFIEC call report. All figures come directly from the bank's quarterly Schedule RC filing.
Where is Merchants National Bank headquartered?
Merchants National Bank is headquartered in Hillsboro, OH, United States. It files quarterly FFIEC call reports, as every FDIC-insured commercial bank must.
When was Merchants National Bank founded?
Merchants National Bank was established in 1879, per the FDIC institution directory.
Is Merchants National Bank FDIC-insured?
Yes. Merchants National Bank is an FDIC-insured commercial bank (FDIC Certificate #6605). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Merchants National Bank?
Merchants National Bank's primary federal regulator is the OCC. All FDIC-insured banks also report to the FDIC and, depending on charter, the Federal Reserve.
What is Merchants National Bank's CET1 capital ratio?
Merchants National Bank reported a Common Equity Tier 1 (CET1) capital ratio of 12.00% in its Q2 2026 call report, above regulatory requirements.
How many branches does Merchants National Bank operate?
Merchants National Bank operates 17 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Merchants National Bank's Texas Ratio?
Merchants National Bank's Texas Ratio is 4.18% in its Q2 2026 call report, within the healthy range (under 25%). The Texas Ratio measures non-performing assets against the bank's capital and reserves; the glossary entry for the Texas Ratio carries the full definition.
What was Merchants National Bank previously called?
The charter now named Merchants National Bank has also operated as The Merchants National Bank (1996), The Merchants National Bank of Hillsborough (1936-1996), per FDIC structure-change records.
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