Merchants Financial Group, Inc. Financials, FR Y-9SP Data and Filings

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Bank Holding Company Minnesota RSSD 1128769 FRS Est. 1984

Merchants Financial Group, Inc. is a bank holding company based in Minnesota with $2.88B in total consolidated assets as of June 30, 2026, on the consolidated assets memorandum line of its FR Y-9SP, a parent-company-only report. It owns 1 bank that files a call report: Merchants Bank, N.A. ($2.88B in assets). It files with the SEC under CIK 1727770: see its filings on EDGAR.

Holding companies with less than $3 billion in assets file the semiannual FR Y-9SP rather than the quarterly FR Y-9C. The FR Y-9SP reports the parent company on its own, apart from one consolidated assets line, so deposits, loans, capital ratios and quarterly earnings sit in the bank's call report: see Merchants Bank, N.A..

Key Financials FR Y-9SP, as of June 30, 2026

Total consolidated assets: $2.88B
Total assets, parent only: $346.9M
Total equity, parent only: $315.8M
Net income, parent only (first half of 2026): $16.6M

Source: FR Y-9SP for June 30, 2026. Total consolidated assets covers the company and every subsidiary (Memoranda item 1, BHSP8519). The parent-only lines count the holding company itself, which carries its banks as an investment, and its net income is year to date. Bank-level figures in the tables below come from each bank's own call report.

Bank Subsidiaries 1 bank held directly or through another holding company

Bank	Charter	State	Total assets (call report)	Share of bank assets	Held through
Merchants Bank, N.A.	National Bank	MN	$2.88B	100.0%	Held directly

Questions About Merchants Financial Group, Inc.

What are Merchants Financial Group, Inc.'s total assets?

Merchants Financial Group, Inc. reported $2.88B in total consolidated assets as of June 30, 2026, the figure it entered on the consolidated assets memorandum line of its FR Y-9SP filing with the Federal Reserve. The FR Y-9SP is a parent-company-only report that carries no consolidated balance sheet, and holding companies with less than $3 billion in assets file it semiannually instead of the quarterly FR Y-9C.

How many banks does Merchants Financial Group, Inc. own?

Merchants Financial Group, Inc. owns 1 bank that files a call report: Merchants Bank, N.A.

Who owns Merchants Bank, N.A.?

Merchants Bank, N.A. is owned by Merchants Financial Group, Inc. The bank reported $2.88B in total assets on its latest call report.

Where can I find Merchants Financial Group, Inc.'s FR Y-9SP?

Merchants Financial Group, Inc. files the FR Y-9SP with the Federal Reserve every six months, as of June 30 and December 31. The reports are public on the FFIEC National Information Center under RSSD ID 1128769. This page summarizes the FR Y-9SP for Q2 2026.

Does Merchants Financial Group, Inc. file with the SEC?

Yes. Merchants Financial Group, Inc. files with the SEC under Central Index Key (CIK) 1727770.

Filing Details fiscal year and SEC registration

Fiscal year end: December 31
Ticker: —
SEC CIK: 1727770
SEC filings: —

Organization Map select + to expand a subsidiary's own holdings

Holding company Reporting bank Nonbank subsidiary

Merchants Financial Group, Inc.

Holding Company MN RSSD 1128769

$2.88B
- Merchants Bank, N.A.
  
  National Bank MN RSSD 779351
  
  $2.88B
- Jerema Trust I
  
  Nonbank Subsidiary MN RSSD 3275948
- Merchants Capital Trust II
  
  Nonbank Subsidiary MN RSSD 3638730

Direct Subsidiaries 3 active direct subsidiaries

Entity	Type	State	Total Assets	Share of bank subsidiary assets
Merchants Bank, N.A. · 779351	National Bank	MN	$2.88B	100.0%
Jerema Trust I · 3275948	Nonbank Subsidiary	MN	—	—
Merchants Capital Trust II · 3638730	Nonbank Subsidiary	MN	—	—

Share of bank subsidiary assets divides each bank's total assets by the combined assets of the bank subsidiaries listed. Nonbank subsidiaries are not counted.

Regulator records: FFIEC NIC profile (RSSD 1128769)