Merchants Bank of Indiana: Yields and Funding Costs
Data as of · Call Report Schedules RI and RC-K How we update
What the bank earns on its assets, what it pays for its funding, and the spread between them. Net interest margin is the output of the two: it is the engine of earnings for almost every commercial bank.
The standout move of Q2 2026 was in Total interest expense: 11.3% higher than in Q1 2026, at $154.5M. On net interest margin, Merchants Bank of Indiana is 8th from the bottom among 87 Indiana banks, 2.86% (Q2 2026). Merchants Bank of Indiana reported 2.86% on net interest margin for Q2 2026, 0.74 points below the 3.60% median for banks in the $10B-100B asset tier.
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 6.04% |
| Yield on loans | 6.22% |
| Yield on securities | 4.94% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 3.44% |
| Cost of interest-bearing deposits | 3.58% |
| Cost of interest-bearing liabilities | 3.53% |
| Cost of borrowings | 3.81% |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 2.86% |
| Yield to cost spread | 2.51% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $257.0M |
| Total interest expense | $154.5M |
| Interest expense on deposits | $116.9M |
Yields and Funding Costs trend
Last 12 quarters as filed. Every value plotted here also appears in the tables above.
Yields and Funding Costs by quarter
| Quarter | Yield on earning assets | Cost of funds | Net interest margin | Loans | Securities |
|---|---|---|---|---|---|
| Q3 2023 | 7.65% | 5.05% | 3.04% | 7.87% | 5.55% |
| Q4 2023 | 7.66% | 5.08% | 3.06% | 7.86% | 5.83% |
| Q1 2024 | 7.74% | 4.97% | 3.19% | 8.00% | 3.70% |
| Q2 2024 | 7.63% | 5.01% | 3.04% | 7.94% | 8.68% |
| Q3 2024 | 7.66% | 5.04% | 3.06% | 7.90% | 6.42% |
| Q4 2024 | 7.15% | 4.56% | 3.05% | 7.39% | 6.23% |
| Q1 2025 | 6.70% | 4.20% | 2.91% | 6.93% | 5.70% |
| Q2 2025 | 6.66% | 4.18% | 2.88% | 6.87% | 5.65% |
| Q3 2025 | 6.69% | 4.18% | 2.90% | 6.89% | 5.70% |
| Q4 2025 | 6.49% | 3.84% | 2.98% | 6.67% | 5.50% |
| Q1 2026 | 6.05% | 3.39% | 2.94% | 6.22% | 5.01% |
| Q2 2026 | 6.04% | 3.44% | 2.86% | 6.22% | 4.94% |
Merchants Bank of Indiana yields and funding costs, all the way back
Yields and Funding Costs back to 2001 · peer percentiles on every line item · Excel export
Unlock Merchants Bank of Indiana, freeSource: Call Report Schedules RI and RC-K, 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 of Indiana profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 8056) · FFIEC NIC profile (RSSD 963945)