Merchants Bank of Indiana
Headquarters: Carmel, Indiana
Overview
Merchants Bank of Indiana is an FDIC-insured bank headquartered in Carmel, Indiana. It reported $21.17B in assets and $14.34B in deposits for the period ending June 30, 2026. Bankular currently lists 8 branch locations.
What Bankular checked
These dates identify the official records and review steps supporting this profile.
Quarterly change
What changed since the previous report
March 31, 2026 to June 30, 2026
These comparisons use consecutive official regulatory reporting periods. A change is descriptive and is not a recommendation or safety rating.
Financial indicators
Capital, profitability and credit quality
These are the latest reported capital, profitability and credit-quality measures available for this institution. Read the figures together rather than as a single safety rating.
Branch footprint
Where Merchants Bank of Indiana has branches
Explore the cities with the most currently listed locations. Branch hours can change, so confirm current lobby, drive-through and appointment hours with the institution before visiting.
Locations
Find a branch of Merchants Bank of Indiana
Indianapolis Bank
3737 E 96th St, Indianapolis, Indiana, 46240
Full-service branch · Opened June 29, 2005
Bloomington Branch
101 W Kirkwood Ave, Bloomington, Indiana, 47404
Full-service branch · Opened April 27, 2026
Address and directions →Carmel Office
11590 N Meridian St, Carmel, Indiana, 46032
Full-service branch · Opened June 2, 2014
Lynn Branch
201 South Main Street, Lynn, Indiana, 47355
Full-service branch · Opened August 4, 2014
Main Office
410 Monon Blvd, Carmel, Indiana, 46032
Full-service branch · Opened June 23, 1923
Merchants Bank of Indiana
701 E Main St, Richmond, Indiana, 47374
Full-service branch · Opened February 3, 2020
Financial overview
Latest reported figures
Through June 30, 2026
Financial trends
How the balance sheet has changed
Compare recent quarters to see the direction of assets, deposits and loans.
| Quarter | Assets | Deposits | Net loans | ROA |
|---|---|---|---|---|
| June 30, 2026 | $21.17B | $14.34B | $17.29B | 1.49% |
| March 31, 2026 | $20.26B | $13.04B | $16.55B | 1.41% |
| December 31, 2025 | $19.39B | $13.10B | $15.44B | 1.20% |
| September 30, 2025 | $19.30B | $14.00B | $15.06B | 1.09% |
| June 30, 2025 | $19.08B | $12.75B | $14.94B | 1.05% |
| March 31, 2025 | $18.74B | $12.47B | $14.72B | 1.27% |
| December 31, 2024 | $18.62B | $11.98B | $14.55B | 1.81% |
| September 30, 2024 | $18.59B | $12.94B | $14.50B | 1.71% |
Size and reach
How this institution compares
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More on Merchants Bank of Indiana
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Branch locations
8 listed locations.
Explore →Compare this institution
Compare size, financial metrics, rates and access.
Explore →State banking market
Explore institutions and deposit-market context in Indiana.
Explore →Carmel banking market
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Explore →Rankings and research
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Explore →Sources and methodology
Review the official sources and reporting periods.
Explore →Frequently asked questions
Is Merchants Bank of Indiana federally insured?
Yes. Bankular identifies this institution in FDIC records under certificate 8056.
Where is Merchants Bank of Indiana headquartered?
Merchants Bank of Indiana is headquartered in Carmel, Indiana, at 410 Monon Blvd, Carmel, Indiana, 46032.
How large is Merchants Bank of Indiana?
It reported $21.17B in assets and $14.34B in deposits for the period ending June 30, 2026.
How many locations does Merchants Bank of Indiana have?
Bankular currently lists 8 branch locations for this institution.
Data sources and methodology
Bankular combines official regulatory records with institution-published product information. The detailed sources are available below for readers who want to verify a figure.