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Merchants Bank (MN)


Overview / Commentary
www.merchantsbank.com
507-457-1100
102 East Third Street
Winona, MN 55987

Merchants Bank (MN) is headquartered in WINONA and is the 7th largest bank in the state of Minnesota. It is also the 460th largest bank in the nation. It was established in 1875 and as of June of 2024, it had grown to 389 employees at 22 locations. Merchants Bank (MN) has an A+ health rating.

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Health
A+

Data as of Q2 2024

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Health Grade Components

Overall
FDIC Certificate #8866
Year Established1875
Employees389
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.88%
Return on Equity - YTD7.76%
Annual Interest Income$64.1MM
Assets and Liabilities
AssetsQ2 2024vs Q2 2023$2.63B$2.47B
LoansQ2 2024vs Q2 2023$2.18B$2B
DepositsQ2 2024vs Q2 2023$2.25B$2.1B
Equity CapitalQ2 2024vs Q2 2023$301.2MM$293.1MM
Loan Loss AllowanceQ2 2024vs Q2 2023$27MM$23.9MM
Unbacked Noncurrent LoansQ2 2024vs Q2 2023$13MM$6.1MM
Real Estate OwnedQ2 2024vs Q2 2023$959K$780K
Rates

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