Overview / Commentary
Merchants Bank (MN) is headquartered in WINONA and is the 7th largest bank in the state of Minnesota. It is also the 461st largest bank in the nation. It was established in 1875 and as of September of 2024, it had grown to 381 employees at 23 locations. Merchants Bank (MN) has an A health rating.
Health
A
Data as of Q3 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 8866 |
| Year Established | 1875 |
| Employees | 381 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.82% |
| Return on Equity - YTD | 7.17% |
| Annual Interest Income | $98.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2024vs Q3 2023 | $2.69B$2.52B |
| Loans | Q3 2024vs Q3 2023 | $2.14B$2.06B |
| Deposits | Q3 2024vs Q3 2023 | $2.33B$2.15B |
| Equity Capital | Q3 2024vs Q3 2023 | $307MM$298.1MM |
| Loan Loss Allowance | Q3 2024vs Q3 2023 | $29.2MM$24.7MM |
| Unbacked Noncurrent Loans | Q3 2024vs Q3 2023 | $15.2MM$5.1MM |
| Real Estate Owned | Q3 2024vs Q3 2023 | $959K$780K |
