Merchants Bank, N.A.: Vital Signs
Data as of · Call Report Schedules RC, RC-N, RC-R and RI How we update
The headline measure from each supervisory category on one page: capital adequacy, asset quality, earnings and liquidity, the same four corners a CAMELS examiner works through.
The standout move of Q2 2026 was in Reserve coverage of non-performing loans: 112.42 percentage points higher than in Q1 2026, at 239.03%. Merchants Bank, N.A. ranks 129th of 221 Minnesota banks on return on assets, in the lower half at 1.25% (Q2 2026). The median for banks in the $1B-10B asset tier is 1.28% on return on assets; Merchants Bank, N.A. reported 1.25% for Q2 2026, nearly level with it.
Capital adequacy
| Line item | Q2 2026 |
|---|---|
| CET1 capital ratio | 13.46% |
| Tier 1 risk-based capital ratio | 13.46% |
| Total risk-based capital ratio | 14.60% |
| Tier 1 leverage ratio | 11.49% |
| Equity capital to assets | 11.94% |
| Tangible equity to tangible assets | 10.84% |
Asset quality
| Line item | Q2 2026 |
|---|---|
| Non-performing loans to loans | 0.53% |
| Non-performing assets ratio | 0.41% |
| Net charge-off ratio | 0.04% |
| Texas ratio | 3.56% |
| Allowance for credit losses to loans | 1.26% |
| Reserve coverage of non-performing loans | 239.03% |
Earnings
| Line item | Q2 2026 |
|---|---|
| Return on assets | 1.25% |
| Return on equity | 10.51% |
| Net interest margin | 3.72% |
| Efficiency ratio | 63.99% |
| Yield on earning assets | 5.35% |
| Cost of funds | 1.76% |
Liquidity and funding
| Line item | Q2 2026 |
|---|---|
| Loan-to-deposit ratio | 82.54% |
| Core deposits to total deposits | 94.83% |
| Brokered deposits to total deposits | 0.00% |
| Deposits to assets | 86.70% |
| Securities to assets | 16.74% |
Vital Signs trend
Last 12 quarters as filed. Every value plotted here also appears in the tables above.
Vital Signs by quarter
| Quarter | CET1 | Tier 1 RBC | Total RBC | Tier 1 leverage | ROA |
|---|---|---|---|---|---|
| Q3 2023 | 12.03% | 12.03% | 13.22% | 11.62% | 1.12% |
| Q4 2023 | 11.35% | 11.35% | 12.50% | 11.16% | 0.95% |
| Q1 2024 | 11.79% | 11.79% | 12.95% | 11.05% | 0.93% |
| Q2 2024 | 12.04% | 12.04% | 13.26% | 11.06% | 0.83% |
| Q3 2024 | 12.27% | 12.27% | 13.52% | 10.89% | 0.68% |
| Q4 2024 | 11.75% | 11.75% | 12.98% | 10.58% | 0.65% |
| Q1 2025 | 12.26% | 12.26% | 13.51% | 10.60% | 1.00% |
| Q2 2025 | 12.37% | 12.37% | 13.56% | 11.04% | 1.22% |
| Q3 2025 | 12.94% | 12.94% | 14.15% | 11.16% | 1.37% |
| Q4 2025 | 12.90% | 12.90% | 14.02% | 11.28% | 1.35% |
| Q1 2026 | 13.29% | 13.29% | 14.45% | 11.29% | 1.23% |
| Q2 2026 | 13.46% | 13.46% | 14.60% | 11.49% | 1.25% |
Merchants Bank, N.A. vital signs, all the way back
Vital Signs back to 2001 · peer percentiles on every line item · Excel export
Unlock Merchants Bank, N.A., freeSource: Call Report Schedules RC, RC-N, RC-R and RI, 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)