Merchants Bank: Liquidity and Borrowings
Data as of · Call Report Schedules RC and RC-M How we update
Cash, the assets that can be turned into cash, and the borrowed money standing behind the deposit base. Heavy reliance on non-core wholesale funding is what turns a deposit outflow into a forced sale of securities.
Loans and leases to core deposits climbed 6.79 percentage points in Q2 2026, from 86.29% to 93.09%. It was the largest change from Q1 2026 among the key lines here. Merchants Bank ranks 21st of 60 North Dakota banks on loan-to-deposit ratio, in the upper half at 85.33% (Q2 2026). The median for banks in the $100M-1B asset tier is 80.94% on loan-to-deposit ratio. Merchants Bank sits 4.39 points higher, at 85.33% (Q2 2026).
Liquid assets
| Line item | Q2 2026 |
|---|---|
| Cash and balances due from depository institutions | $14.0M |
| Cash and noninterest-bearing balances to assets | — |
| Cash and securities | $60.1M |
| Fed funds sold and reverse repos | $0 |
| Fed funds sold and reverse repos to assets | 0.00% |
Borrowed funds
| Line item | Q2 2026 |
|---|---|
| Fed funds purchased and repos | $0 |
| Other borrowed money | $2.0M |
| Subordinated notes and debentures | $0 |
| Other borrowed money to assets | 0.78% |
| Trading liabilities | $0 |
Funding structure
| Line item | Q2 2026 |
|---|---|
| Loan-to-deposit ratio | 85.33% |
| Net loans and leases to deposits | 84.32% |
| Loans and leases to core deposits | 93.09% |
| Core deposits to total deposits | 82.72% |
| Brokered deposits to total deposits | 8.95% |
Liquidity and Borrowings trend
Last 12 quarters as filed. Every value plotted here also appears in the tables above.
Liquidity and Borrowings by quarter
| Quarter | Loan-to-deposit | Core deposits share | Fed funds purchased and repos | Other borrowed money |
|---|---|---|---|---|
| Q3 2023 | 84.34% | 83.89% | $0 | $18.3M |
| Q4 2023 | 77.71% | 84.68% | $0 | $1.8M |
| Q1 2024 | 74.23% | 84.79% | $0 | $754K |
| Q2 2024 | 83.77% | 84.31% | $0 | $11.8M |
| Q3 2024 | 85.60% | 84.86% | $0 | $10.7M |
| Q4 2024 | 79.56% | 83.88% | $0 | $1.9M |
| Q1 2025 | 76.09% | 84.93% | $0 | $1.9M |
| Q2 2025 | 88.12% | 83.92% | $0 | $1.9M |
| Q3 2025 | 92.85% | 82.84% | $0 | $8.6M |
| Q4 2025 | 81.31% | 83.61% | $0 | $2.0M |
| Q1 2026 | 78.72% | 82.31% | $0 | $2.0M |
| Q2 2026 | 85.33% | 82.72% | $0 | $2.0M |
Merchants Bank liquidity and borrowings, all the way back
Liquidity and Borrowings back to 2001 · peer percentiles on every line item · Excel export
Unlock Merchants Bank, freeSource: Call Report Schedules RC and RC-M, as filed with the FFIEC and standardized by BankRegReports. Dollar amounts are as reported, point-in-time; income statement items are year-to-date through the report date. See the full Merchants Bank profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 8943) · FFIEC NIC profile (RSSD 700458)