Merchants Bank: Peer Group Comparison
Data as of · peers are US banks in the same asset tier. How we update
This page benchmarks Merchants Bank of Rugby, ND against its peer group of 2672 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 | 1.65% | 1.34% | +0.31% | 71st above |
| ROAE | 16.08% | 13.31% | +2.77% | 71st above |
| Net Interest Margin | 4.29% | 3.93% | +0.36% | 70th above |
| Efficiency Ratio | 41.81% | 61.14% | -19.33% | 93rd top |
| PPNR / Avg Assets | 2.41% | 1.68% | +0.73% | 87th top |
| Yield on Earning Assets Behind the peer average, ahead of the median peer. | 5.61% | 5.67% | -0.06% | 50th above |
| Cost of Funds | 1.46% | 1.88% | -0.42% | 72nd above |
| Net Interest Spread | 3.73% | 3.32% | +0.41% | 72nd above |
Asset Quality
| Metric | This bank | Peer avg | Diff | Rank vs median peer |
|---|---|---|---|---|
| NPL / Total Loans | 1.13% | 0.94% | +0.19% | 25th below |
| NPA / Total Assets | 0.85% | 0.70% | +0.15% | 24th bottom |
| NCO / Avg Loans | 0.17% | 0.16% | +0.01% | 14th bottom |
| ACL / Total Loans | 1.18% | 1.28% | -0.10% | 48th below |
| ACL / NPLs (Coverage) | 104.44% | 1539.06% | -1434.62% | 29th below |
| Texas Ratio | 8.30% | 7.33% | +0.97% | 27th below |
| Provision / NCO | 126.58% | 1395.96% | -1269.38% | 46th below |
Capital Adequacy
| Metric | This bank | Peer avg | Diff | Rank vs median peer |
|---|---|---|---|---|
| CET1 Ratio | 13.87% | 19.50% | -5.63% | 38th below |
| Tier 1 Ratio | 13.87% | 19.54% | -5.67% | 38th below |
| Total Capital Ratio | 15.03% | 20.62% | -5.59% | 38th below |
| Leverage Ratio | 10.56% | 12.14% | -1.58% | 43rd below |
| Equity / Assets Behind the peer average, ahead of the median peer. | 10.43% | 11.37% | -0.94% | 52nd above |
| TCE / Tangible Assets Behind the peer average, ahead of the median peer. | 10.38% | 11.09% | -0.71% | 55th above |
Liquidity & Funding
| Metric | This bank | Peer avg | Diff | Rank vs median peer |
|---|---|---|---|---|
| Loan / Deposit | 85.33% | 80.64% | +4.69% | 39th below |
| Core Deposit Ratio | 82.72% | 86.86% | -4.14% | 23rd bottom |
| Wholesale Funding Ratio | 0.78% | 5.03% | -4.25% | 85th top |
Growth & Management
| Metric | This bank | Peer avg | Diff | Rank vs median peer |
|---|---|---|---|---|
| Asset Growth (Y/Y) | 3.49% | 6.85% | -3.36% | 43rd below |
| Loan Growth (Y/Y) | -0.54% | 7.90% | -8.44% | 21st bottom |
| Deposit Growth (Y/Y) | 2.71% | 6.29% | -3.58% | 41st below |
See Merchants Bank's peers by name
The 2672 banks in this peer group, by name · build custom peer groups · percentile history · Excel export
Unlock 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 Merchants Bank profile, how to read a UBPR, or how this data updates.