Merchants Bank of Indiana

Merchants Bank of Indiana is headquartered in Lynn and is the 17^st largest bank in the state of Indiana. It is also the 917^st largest bank in the nation. It was established in 1923 and as of March of 2012, it had grown to 65 employees at 3 locations. Merchants Bank of Indiana has a 5-star health rating.

Merchants Bank of Indiana Routing Number: 074909153

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Data for Q1 2012

Institution Statistics Merchants Bank of Indiana FDIC Certificate # 8056 BankRate Report View Year Established 1923 Employees 65 Primary Regulator FDIC Assets and Liabilities Assets $725.54 million Loans $394.77 million Deposits $644.38 million Equity Capital $68.92 million Loan Loss Allowance $2.02 million Unbacked Noncurrent Loans $2.04 million Historic Data - March 2011 Assets $541.62 million Equity Capital $56.77 million Loan Loss Allowance $1.72 million Unbacked Noncurrent Loans $3.05 million Profit Margin - Quarterly Net Interest Margin 2.65% Return on Assets 5.42% Return on Equity 56.15% Interest Income $5.27 million

Institution Health Overall Score: 5 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Merchants Bank of Indiana had $2.04 million in non-current loans and owned real-estate with $70.94 million in equity and loan loss allowances on hand to cover it. This gives Merchants Bank of Indiana a Texas Ratio of 2.87% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Merchants Bank of Indiana decreased significantly from 5.74% as of March 31, 2011 to 2.87% as of March 31, 2012, resulting in a positive change of 49.95%.This indicates that the balance sheet and financial strength for Merchants Bank of Indiana has improved significantly in recent periods. Deposit Growth In the past year, Merchants Bank of Indiana has increased its total deposits by $177.97 million, resulting in 38.16% 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 Merchants Bank of Indiana has shown is excellent. Capitalization 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. Merchants Bank of Indiana has $725.54 million in assets with $70.94 million in equity, resulting in a capitalization level of 9.78%, which is average.

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