🏦Bank Scorer

MERCHANTS BANK OF INDIANA

CARMEL, IN · Supervised by FDIC

Est. 1923FDIC #8,056RSSD: FDIC-8056
Part ofMERCHANTS BCORP→ View all charters
Outstanding Up

Current rating · Exam: April 2023

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At a Glance

Community Lending (CRA)

Outstanding

Exceeds federal requirements for lending in low- and moderate-income communities

Financial Health

Adequate

ROA 1.41%

Institution Profile

FDIC BankFind

Address

410 Monon Blvd, CARMEL, IN

County

Hamilton County

Established

June 23, 1923

Total Assets

$20.3B(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Outstanding

Exceeds federal requirements for lending in low- and moderate-income communities

Exam Date

April 1, 2023

Exam Type

Strategic Plan

Regulator

FDIC
What is a CRA rating? →
Estimated next exam:Overdue(based on asset size)

Financial Snapshot

As of Q1 2026Call Report / FDIC

Total Assets

$20.3B

Total Deposits

$13.0B

Net Loans

$16.5B

Net Income

$70M

ROA

1.41%

ROE

12.46%

Risk-Based Capital

12.38%

Regulatory minimum: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Peer Comparison

Regional banks

Compared to the peer-bank Regional peer group (same asset tier).

Mortgage Denial Rate10.64%Peer avg: 26.91%▲ Above avg

Unlock peer list → See which specific banks are in this peer group.

Branch Footprint

FDIC SOD 2025

Total Branches

7

Branch Deposits

$12.8B

1-Year Change

+1

5-year net change: +1 branches

Mortgage Lending

CFPB HMDA
YearApplicationsOrig. RateDenial Rate
20241,47574.17%10.64%
20231,00876.29%8.63%
20221,54584.53%5.37%
20213,89692.45%1.93%
20205,26492.65%1.75%
201938278.8%6.81%
201826073.08%5.77%

2024 national avg denial rate: 23.75% · Regional bank avg: 26.91% · above-average shown in red

Rating History

CRA / FFIEC

Rating Trend

↑ Improving

Based on last 3 exams

10 previous ratings locked — dating back to 1992

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Rating Over Time

🔒 Locked
OutstandingSatisfactoryNeeds to ImproveSubst. Noncompliance

Exam dates and details are paywalled

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