Merchants Bank of Indiana: Peer Group Comparison
Data as of · peers are US banks in the same asset tier. How we update
This page benchmarks Merchants Bank of Indiana of Carmel, IN against its peer group of 134 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 | 1.58% | 1.35% | +0.23% | 74th above |
| ROAE | 14.15% | 12.28% | +1.87% | 75th top |
| Net Interest Margin | 2.86% | 3.68% | -0.82% | 16th bottom |
| Efficiency Ratio | 38.79% | 53.89% | -15.10% | 90th top |
| PPNR / Avg Assets | 2.19% | 1.96% | +0.23% | 77th top |
| Yield on Earning Assets | 6.04% | 5.57% | +0.47% | 87th top |
| Cost of Funds | 3.44% | 1.99% | +1.45% | 5th bottom |
| Net Interest Spread | 2.51% | 2.98% | -0.47% | 31st below |
Asset Quality
| Metric | This bank | Peer avg | Diff | Rank vs median peer |
|---|---|---|---|---|
| NPL / Total Loans | 1.66% | 1.05% | +0.61% | 11th bottom |
| NPA / Total Assets | 1.71% | 0.75% | +0.96% | 5th bottom |
| NCO / Avg Loans Ahead of the peer average, behind the median peer. | 0.28% | 0.36% | -0.08% | 22nd bottom |
| ACL / Total Loans | 0.44% | 1.38% | -0.94% | 7th bottom |
| ACL / NPLs (Coverage) | 26.25% | 210.94% | -184.69% | 2nd bottom |
| Texas Ratio | 15.13% | 10.21% | +4.92% | 10th bottom |
| Provision / NCO | 78.02% | 107.58% | -29.56% | 26th below |
Capital Adequacy
| Metric | This bank | Peer avg | Diff | Rank vs median peer |
|---|---|---|---|---|
| CET1 Ratio | 11.76% | 14.76% | -3.00% | 15th bottom |
| Tier 1 Ratio | 11.76% | 14.88% | -3.12% | 13th bottom |
| Total Capital Ratio | 12.18% | 16.10% | -3.92% | 6th bottom |
| Leverage Ratio | 11.28% | 10.26% | +1.02% | 77th top |
| Equity / Assets | 10.97% | 11.55% | -0.58% | 40th below |
| TCE / Tangible Assets | 10.93% | 9.47% | +1.46% | 84th top |
Liquidity & Funding
| Metric | This bank | Peer avg | Diff | Rank vs median peer |
|---|---|---|---|---|
| Loan / Deposit | 121.06% | 83.69% | +37.37% | 2nd bottom |
| Core Deposit Ratio Ahead of the peer average, behind the median peer. | 88.90% | 86.75% | +2.15% | 41st below |
| Uninsured Deposit Ratio | 28.97% | 38.99% | -10.02% | 74th above |
| Wholesale Funding Ratio | 19.89% | 5.57% | +14.32% | 2nd bottom |
Growth & Management
| Metric | This bank | Peer avg | Diff | Rank vs median peer |
|---|---|---|---|---|
| Asset Growth (Y/Y) | 10.94% | 10.08% | +0.86% | 73rd above |
| Loan Growth (Y/Y) | 15.50% | 10.09% | +5.41% | 76th top |
| Deposit Growth (Y/Y) | 12.47% | 9.93% | +2.54% | 74th above |
See Merchants Bank of Indiana's peers by name
The 134 banks in this peer group, by name · build custom peer groups · percentile history · Excel export
Unlock Merchants Bank of Indiana, 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 of Indiana profile, how to read a UBPR, or how this data updates.