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Overview / Commentary
765-747-1500
200 East Jackson Street
Muncie, IN 47305

First Merchants Bank National Association is headquartered in Muncie and is the 2nd largest bank in the state of Indiana. It is also the 168th largest bank in the nation. It was established in 1893 and as of March of 2014, it had grown to 1,369 employees at 103 locations. First Merchants Bank National Association has a A health rating.

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Health

Data for Q1 2014

Institution Health

A

Texas Ratio

GRADE:
A

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 First Merchants Bank National Association had $76.68 million in non-current loans and owned real-estate with $814.59 million in equity and loan loss allowances on hand to cover it. This gives First Merchants Bank National Association a Texas Ratio of 9.41% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for First Merchants Bank National Association experienced no significant changes from 8.53% as of March 31, 2013 to 9.41% as of March 31, 2014, resulting in a negative change of 10.30%. This indicates that the balance sheet and financial strength for First Merchants Bank National Association has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, First Merchants Bank National Association has increased its total deposits by $968.35 million, resulting in 29.04% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth First Merchants Bank National Association has shown is excellent.

Capitalization

GRADE:
A+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. First Merchants Bank National Association has $5.43 billion in assets with $814.59 million in equity, resulting in a capitalization level of 15.00%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #4365
Year Established1893
Employees1369
Primary RegulatorOCC
Assets and Liabilities
Assets$5.43 billion
Loans$3.55 billion
Deposits$4.30 billion
Equity Capital$745.01 million
Loan Loss Allowance$69.58 million
Unbacked Noncurrent Loans$55.61 million
Real Estate Owned$21.08 million
Historic Data - March 2013
Assets$4.24 billion
Equity Capital$623.46 million
Loan Loss Allowance$68.54 million
Unbacked Noncurrent Loans$55.61 million
Real Estate Owned$13.13 million
Profit Margin - Quarterly
Net Interest Margin4.02%
Return on Assets1.08%
Return on Equity7.9%
Interest Income$51.00 million
Rates

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Locations

First Merchants Bank National Association has 79 locations. Click to view all First Merchants Bank National Association locations.