Merchants Bank, N.A.: 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 2.77 percentage points in Q2 2026, from 84.27% to 87.04%. It was the largest change from Q1 2026 among the key lines here. Merchants Bank, N.A. ranks 104th of 221 Minnesota banks on loan-to-deposit ratio, in the upper half at 82.54% (Q2 2026). The median for banks in the $1B-10B asset tier is 88.20% on loan-to-deposit ratio. Merchants Bank, N.A. sits 5.66 points lower, at 82.54% (Q2 2026).
Liquid assets
| Line item | Q2 2026 |
|---|---|
| Cash and balances due from depository institutions | $167.5M |
| Cash and noninterest-bearing balances to assets | 5.80% |
| Cash and securities | $649.9M |
| Fed funds sold and reverse repos | $262K |
| Fed funds sold and reverse repos to assets | 0.01% |
Borrowed funds
| Line item | Q2 2026 |
|---|---|
| Fed funds purchased and repos | $15.0M |
| Other borrowed money | $551K |
| Subordinated notes and debentures | $0 |
| Other borrowed money to assets | 0.02% |
| Trading liabilities | $0 |
Funding structure
| Line item | Q2 2026 |
|---|---|
| Loan-to-deposit ratio | 82.54% |
| Net loans and leases to deposits | 81.50% |
| Loans and leases to core deposits | 87.04% |
| Core deposits to total deposits | 94.83% |
| Brokered deposits to total deposits | 0.00% |
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 | 96.90% | 95.98% | $42.0M | $4.8M |
| Q4 2023 | 99.35% | 95.41% | $110.1M | $4.9M |
| Q1 2024 | 98.22% | 94.52% | $43.1M | $5.0M |
| Q2 2024 | 98.08% | 93.94% | $42.1M | $15.7M |
| Q3 2024 | 92.99% | 93.79% | $15.1M | $15.7M |
| Q4 2024 | 87.21% | 93.68% | $15.1M | $10.7M |
| Q1 2025 | 84.94% | 94.27% | $15.1M | $5.7M |
| Q2 2025 | 86.90% | 94.51% | $15.0M | $694K |
| Q3 2025 | 84.23% | 94.31% | $15.3M | $627K |
| Q4 2025 | 81.30% | 94.62% | $15.0M | $626K |
| Q1 2026 | 79.79% | 94.68% | $15.0M | $552K |
| Q2 2026 | 82.54% | 94.83% | $15.0M | $551K |
Merchants Bank, N.A. liquidity and borrowings, all the way back
Liquidity and Borrowings back to 2001 · peer percentiles on every line item · Excel export
Unlock Merchants Bank, N.A., 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, N.A. profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 8866) · FFIEC NIC profile (RSSD 779351)