Merchants Bank, N.A.: Peer Group Comparison
Data as of · peers are US banks in the same asset tier. How we update
This page benchmarks Merchants Bank, N.A. of Winona, MN against its peer group of 931 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 | 1.25% | 1.46% | -0.21% | 47th below |
| ROAE | 10.51% | 12.72% | -2.21% | 36th below |
| Net Interest Margin Behind the peer average, ahead of the median peer. | 3.72% | 3.85% | -0.13% | 51st above |
| Efficiency Ratio | 63.99% | 57.40% | +6.59% | 34th below |
| PPNR / Avg Assets | 1.68% | 1.88% | -0.20% | 47th below |
| Yield on Earning Assets | 5.35% | 5.72% | -0.37% | 38th below |
| Cost of Funds | 1.76% | 2.02% | -0.26% | 65th above |
| Net Interest Spread | 3.24% | 3.18% | +0.06% | 62nd above |
Asset Quality
| Metric | This bank | Peer avg | Diff | Rank vs median peer |
|---|---|---|---|---|
| NPL / Total Loans | 0.53% | 1.00% | -0.47% | 56th above |
| NPA / Total Assets | 0.41% | 0.76% | -0.35% | 56th above |
| NCO / Avg Loans Ahead of the peer average, behind the median peer. | 0.04% | 0.43% | -0.39% | 44th below |
| ACL / Total Loans Behind the peer average, ahead of the median peer. | 1.26% | 1.31% | -0.05% | 65th above |
| ACL / NPLs (Coverage) Behind the peer average, ahead of the median peer. | 239.03% | 543.70% | -304.67% | 61st above |
| Texas Ratio | 3.56% | 7.39% | -3.83% | 60th above |
| Provision / NCO | 84.33% | 619.31% | -534.98% | 27th below |
Capital Adequacy
| Metric | This bank | Peer avg | Diff | Rank vs median peer |
|---|---|---|---|---|
| CET1 Ratio Behind the peer average, ahead of the median peer. | 13.46% | 17.34% | -3.88% | 50th above |
| Tier 1 Ratio | 13.46% | 17.37% | -3.91% | 49th below |
| Total Capital Ratio | 14.60% | 18.42% | -3.82% | 49th below |
| Leverage Ratio | 11.49% | 11.44% | +0.05% | 69th above |
| Equity / Assets | 11.94% | 11.33% | +0.61% | 75th top |
| TCE / Tangible Assets | 10.84% | 10.50% | +0.34% | 69th above |
Liquidity & Funding
| Metric | This bank | Peer avg | Diff | Rank vs median peer |
|---|---|---|---|---|
| Loan / Deposit | 82.54% | 86.96% | -4.42% | 65th above |
| Core Deposit Ratio | 94.83% | 85.54% | +9.29% | 84th top |
| Uninsured Deposit Ratio | 25.78% | 33.13% | -7.35% | 69th above |
| Wholesale Funding Ratio | 0.54% | 5.71% | -5.17% | 87th top |
Growth & Management
| Metric | This bank | Peer avg | Diff | Rank vs median peer |
|---|---|---|---|---|
| Asset Growth (Y/Y) | 4.14% | 9.69% | -5.55% | 43rd below |
| Loan Growth (Y/Y) | -1.48% | 8.07% | -9.55% | 11th bottom |
| Deposit Growth (Y/Y) | 3.73% | 7.87% | -4.14% | 43rd below |
See Merchants Bank, N.A.'s peers by name
The 931 banks in this peer group, by name · build custom peer groups · percentile history · Excel export
Unlock Merchants Bank, N.A., 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, N.A. profile, how to read a UBPR, or how this data updates.