First Merchants Bank: Peer Group Comparison
Data as of · peers are US banks in the same asset tier. How we update
This page benchmarks First Merchants Bank of Muncie, IN against its peer group of 134 similarly-sized US banks as of Q2 2026. For each metric the bank's value is shown next to the peer-group average and the bank's percentile rank and quartile within the cohort, the same peer-benchmarking regulators use to judge whether a bank is an outlier. Top quartile means the bank ranks in the strongest 25% of its peers on that measure.
How to read the two peer columns: Peer avg is the simple mean of the peer group. The percentile is the share of peers this bank outperforms, and the tag beside it compares the bank with the median peer: above means the bank is in the better half, top means the best quarter. A skewed group can pull the mean away from the median, so a bank can sit behind the peer average and still rank above the median peer.
Profitability
| Metric | This bank | Peer avg | Diff | Rank vs median peer |
|---|---|---|---|---|
| ROAA | 0.87% | 1.35% | -0.48% | 17th bottom |
| ROAE | 6.83% | 12.32% | -5.49% | 14th bottom |
| Net Interest Margin | 3.43% | 3.68% | -0.25% | 40th below |
| Efficiency Ratio | 54.29% | 53.81% | +0.48% | 49th below |
| PPNR / Avg Assets | 1.57% | 1.96% | -0.39% | 33rd below |
| Yield on Earning Assets Behind the peer average, ahead of the median peer. | 5.50% | 5.57% | -0.07% | 62nd above |
| Cost of Funds | 2.20% | 1.99% | +0.21% | 34th below |
| Net Interest Spread | 2.70% | 2.98% | -0.28% | 38th below |
Asset Quality
| Metric | This bank | Peer avg | Diff | Rank vs median peer |
|---|---|---|---|---|
| NPL / Total Loans Ahead of the peer average, behind the median peer. | 1.03% | 1.05% | -0.02% | 38th below |
| NPA / Total Assets | 0.76% | 0.76% | +0.00% | 39th below |
| NCO / Avg Loans | 0.10% | 0.36% | -0.26% | 61st above |
| ACL / Total Loans | 1.55% | 1.37% | +0.18% | 89th top |
| ACL / NPLs (Coverage) Behind the peer average, ahead of the median peer. | 150.71% | 210.27% | -59.56% | 52nd above |
| Texas Ratio Ahead of the peer average, behind the median peer. | 8.00% | 10.25% | -2.25% | 40th below |
| Provision / NCO | 267.64% | 106.50% | +161.14% | 92nd top |
Capital Adequacy
| Metric | This bank | Peer avg | Diff | Rank vs median peer |
|---|---|---|---|---|
| CET1 Ratio | 11.50% | 14.76% | -3.26% | 10th bottom |
| Tier 1 Ratio | 11.50% | 14.88% | -3.38% | 9th bottom |
| Total Capital Ratio | 12.75% | 16.10% | -3.35% | 12th bottom |
| Leverage Ratio | 9.96% | 10.27% | -0.31% | 42nd below |
| Equity / Assets | 12.83% | 11.54% | +1.29% | 72nd above |
| TCE / Tangible Assets | 9.29% | 9.48% | -0.19% | 40th below |
Liquidity & Funding
| Metric | This bank | Peer avg | Diff | Rank vs median peer |
|---|---|---|---|---|
| Loan / Deposit | 93.02% | 83.84% | +9.18% | 22nd bottom |
| Core Deposit Ratio Ahead of the peer average, behind the median peer. | 89.54% | 86.75% | +2.79% | 44th below |
| Uninsured Deposit Ratio | 45.36% | 38.91% | +6.45% | 33rd below |
| Wholesale Funding Ratio | 7.15% | 5.64% | +1.51% | 25th below |
Growth & Management
| Metric | This bank | Peer avg | Diff | Rank vs median peer |
|---|---|---|---|---|
| Asset Growth (Y/Y) | 14.75% | 10.06% | +4.69% | 79th top |
| Loan Growth (Y/Y) | 17.13% | 10.08% | +7.05% | 81st top |
| Deposit Growth (Y/Y) | 12.91% | 9.93% | +2.98% | 74th above |
See First Merchants Bank's peers by name
The 134 banks in this peer group, by name · build custom peer groups · percentile history · Excel export
Unlock First Merchants Bank, freeSource: FFIEC call reports + UBPR, standardized by BankRegReports. Peer averages and percentiles are computed against US banks in the same asset tier, point-in-time as filed. See the full First Merchants Bank profile, how to read a UBPR, or how this data updates.