# FIRST MERCHANTS BANK
MUNCIE, IN · FDIC certificate 4365 · asset band $10-100B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *ordinary*. Composite score 0 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $21.32B | |
| Deposits | $16.78B | |
| Loans and leases | $15.61B | |
| Total equity | $2.73B | |
| Loans / deposits | 91.58% (p74 of band) | 85.78% |
| Liquid assets / assets | 18.33% (p29 of band) | |
| Uninsured deposits / deposits | 45.36% (p68 of band) | 38.39% |
| Brokered deposits | 5.89% | |
| Wholesale funding | 13.04% (p74 of band) | |
| FHLB advances / assets | 6.63% | |
| Tier 1 leverage | 9.96% (p44 of band) | 10.17% |
| Unrealized securities loss / equity | -15.54% (p19 of band) | -7.43% |
| AOCI / equity | -0.13% (p64 of band) | |
| ROA (annualized) | 0.78% (p17 of band) | 1.24% |
| Net interest margin | 3.40% (p41 of band) | 3.57% |
| Efficiency ratio | 63.81% (p83 of band) | |
| Noncurrent loans | 0.82% (p62 of band) | 0.66% |
| Net charge-offs (annualized) | 0.14% (p67 of band) | |
| Reserve coverage of noncurrent | 188.85% | |
| Real estate % of loans | 59% | |
| Construction % of loans | 32.22% (p55 of band) | |
| Auto loans | $53.9M (0.35% of loans; DQ 0.81%, NCO 0.00%) | |
| Loans to nondepository financials | $236.7M (9% of equity) (p53 of band) | |
| Deposits YoY | 12.9% | |
| Employees | 2233 | |

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | reserve under noncurrent |  |
| 2011-06 | 1 |  |  |
| 2011-09 | 1 |  |  |
| 2011-12 | 0 |  | reserve under noncurrent |
| 2012-03 | 1 | reserve under noncurrent |  |
| 2012-06 | 0 |  | reserve under noncurrent |
| 2012-09 | 0 |  |  |
| 2012-12 | 0 |  |  |
| 2013-03 | 0 |  |  |
| 2013-06 | 0 |  |  |
| 2013-09 | 0 |  |  |
| 2013-12 | 1 | capital falling |  |
| 2014-03 | 1 |  |  |
| 2014-06 | 1 |  |  |
| 2014-09 | 1 |  |  |
| 2014-12 | 0 |  | capital falling |
| 2015-03 | 0 |  |  |
| 2015-06 | 0 |  |  |
| 2015-09 | 0 |  |  |
| 2015-12 | 0 |  |  |
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 0 |  |  |
| 2017-03 | 0 |  |  |
| 2017-06 | 0 |  |  |
| 2017-09 | 0 |  |  |
| 2017-12 | 0 |  |  |
| 2018-03 | 0 |  |  |
| 2018-06 | 0 |  |  |
| 2018-09 | 0 |  |  |
| 2018-12 | 0 |  |  |
| 2019-03 | 1 | capital falling |  |
| 2019-06 | 1 |  |  |
| 2019-09 | 0 |  | capital falling |
| 2019-12 | 0 |  |  |
| 2020-03 | 0 |  |  |
| 2020-06 | 0 |  |  |
| 2020-09 | 0 |  |  |
| 2020-12 | 0 |  |  |
| 2021-03 | 1 | capital falling |  |
| 2021-06 | 1 |  |  |
| 2021-09 | 1 |  |  |
| 2021-12 | 1 |  |  |
| 2022-03 | 1 |  |  |
| 2022-06 | 1 | uninsured deposits >50% | capital falling |
| 2022-09 | 1 | securities losses >30% of equity | uninsured deposits >50% |
| 2022-12 | 1 |  |  |
| 2023-03 | 0 |  | securities losses >30% of equity |
| 2023-06 | 0 |  |  |
| 2023-09 | 1 | securities losses >30% of equity |  |
| 2023-12 | 0 |  | securities losses >30% of equity |
| 2024-03 | 1 | capital falling |  |
| 2024-06 | 2 | charge-offs p90 |  |
| 2024-09 | 1 |  | capital falling |
| 2024-12 | 0 |  | charge-offs p90 |
| 2025-03 | 0 |  |  |
| 2025-06 | 0 |  |  |
| 2025-09 | 0 |  |  |
| 2025-12 | 0 |  |  |
| 2026-03 | 1 | expense ratio p90 |  |
| 2026-06 | 0 |  | expense ratio p90 |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-06-04 [First Merchants Bank Recognized on Forbes’ World’s Best Banks 2026 List - Yahoo Finance](https://news.google.com/rss/articles/CBMipgFBVV95cUxPV3d2UzJ4alRDR0paN3F1WGpzbnZpTTdZalJWMlVEMk9kQlRMZDJVZEd0bGMzSHdiV2JEMVRnclpaUUJRUmkxemxGYTJFUV9xa3FFYnhhNnlTbERUNDRiR1luaEgzMDd3aUNVaFJ4TEI4OXZlenlGRmk3cE1MbWVGQnZKVHI1X1VLUzQwT1BvQXlRcENvYWhtRFJvN3drUHdkX2dYRXZB?oc=5) · Yahoo Finance
- 2026-08-20 [First Merchants: A Mid-Cap Midwest Bank With Earnings Stuck In Neutral (FRME) - Seeking Alpha](https://news.google.com/rss/articles/CBMiqgFBVV95cUxOUTNGSmxXamxsNkxlZUJmYWZ5eWVKVXJqQmJ5dDdoUjlEcklzRU56VW0zMi1mVGhaU1hlM0M5VmU1WmJrX0pKRmJwX2d4cXAyNmRkYmQxc2lXTF9FVjl5ZDlvbW5abXA4MF9lZHVPMjFBQktsdDRDa2hLYmNsTHhZeDZxbURoQlNNb01aX0stXzMxMFVqLVo4UE5zN3FQdTNObmNJZzFmYUdBUQ?oc=5) · Seeking Alpha
- 2026-07-10 [First Merchants lands on TIME’s best companies list - The Star Press](https://news.google.com/rss/articles/CBMi4gFBVV95cUxQSVMzR2NZZnB2Z0RGWTZCaXF2MFFJdEs4eUI3T3R0ZHp1LXFZWUstd0ZxRnMzOFBCWXN3dnFQZWtaNjBFWU5RZ1lVUE9NTVhYcGtoMW1VRE1vc2xWYW1OWGFyaVE5VDhtV0xmc3dGUW1JN3lpdi1vM1Y2NEFqUkV0MjFzWERVRmU5aERjQW81bXlpeElMcV9MajJWVjBqbHktX2JvcEJCSm5ldnRDMzV5eTE2dV94Vk9ubXA3c2lCWDJkS2dETHRaVWViMVBYai1jdHVjY0l4Q0xVSjBHNk9XM2Jn?oc=5) · The Star Press
- 2026-03-31 [First Merchants Bank Selects Spiral to Power Personalized Savings and Community Giving Through Everyday Banking - Business Wire](https://news.google.com/rss/articles/CBMi_AFBVV95cUxOYTdyN3loalRTSTFid0t0aTkxeXU2VEhmUlFDX1RYRXBrVEQ2R2M1RkhpWnZHZnRJeVA5VEVZbGZmZ1N4Szdqcy1yVEFQamN2VlkzLW55ckxQZHpzQlhTV1ZRSHRMMFcwY1ZUS0tJSEJ1WjFDNGdSZnNrakN2Skk0cTlMLXZ5MF9KOVlJNWJySFpfbVQ0NEo4a3M3QWw1SVJreTFXTkZxckMzbkdTU29DRTZRRTJFTDFuOHF2VGVFR2l0ZGZVSG5aZTFuZzZ5RmdTeF9WNGJxOUgyY0ROWEpBUGhabGJRSWJRRDBjWjdJVE5lV0dTLW5mVnF4MlM?oc=5) · Business Wire
- 2026-02-08 [First Merchants Corp., First Savings Financial Group Finalize Merger - Building Indiana Business](https://news.google.com/rss/articles/CBMirAFBVV95cUxOOVZ4MTVDZEJuMHZ1VjhtWXAxX04zYUpoRk1FcmV5R0o5a2pSQVZLY3pPcko5bktHbEtTU2U5emc3ZVBBa3NULWU1ZXEwU1dUUkY1eUVrNWtEd1VQZml3MURORnVPeUw1QjFhZUxpS19VN3hIaTFzR0JyVUd0YVdDSFBnZjJoamdoYlR2VmZLSG5wSTVNOEZENU52LVQ0a3k3aS0wZ3UxYmFEcksy?oc=5) · Building Indiana Business
- 2026-07-30 [First Merchants invests $6M to grow southern Indiana presence, plans Floyds Knobs branch - Inside INdiana Business](https://news.google.com/rss/articles/CBMi4gFBVV95cUxORnlzcnFvczBVQ3o0OHJOckh3T0s5MzhKSTNqY3UyY0tBaEl0T09taWMxS2R1UUVvcmRMRUZobDI1aEwxVkJJSllMTFZ5M2hyRmJrUzIxcHZoSHVZSkhCNmxTTHpfd3d5Sk5PWkt4dGxCSXpWZTl1R1RkQzlmdlg5clpBdThlRjFIWXBVXy1nQzhKQkxLOU5hcUdfa3BsZS1hc2psVHFqaXdLb0ZMZmZLeHNwX0p2alZja3FwYU9Jb0s0NEl0LTlLZTJZTUdxYlFSbU0zbEstVXFONF9KYzFGYzdR?oc=5) · Inside INdiana Business
- 2026-08-27 [Deutsche Bank AG Makes New $2.94 Million Investment in First Merchants Corporation $FRME - MarketBeat](https://news.google.com/rss/articles/CBMi3wFBVV95cUxOSnZoNEZnVWNsVmZNTEZYbkdQQTVSTUlNVDM5ekRhR0YyX3k0UVY1bHNqcHRSZWhTWUNkVUhUc182OFNvTlRpQVl2d2pXUzN3czd3YlFNeXJMMHAyaEhKMFJDRDhSbS1kek94SUw5WXVHZVVWb25tZGdvTnpyUUo1c053QWJjRjR0X1gxN3J0bkI3YWlaVkxRUEl0U1VPaHBscXpfUmg4VmcwTVByRjkwTVhoTkVZWGdCZU1oeEM2ZkZwVkFZLU05RFB0bDF5VTR0U0prUDdxMlZZMmkzb1hV?oc=5) · MarketBeat
- 2026-03-06 [19. First Merchants Bank - Crain's Cleveland](https://news.google.com/rss/articles/CBMilgFBVV95cUxNUW1XU29NSGZmSGp0TWVRUnI1MkE3b0xkNjNNRkdmTnkzbU5OYTZJTzJaMlF5MVVhNzRsTmlLbkE2SXkxbExfUlgzSFEyUXNvei1uTnMtRTBlX21iR204d3FFNGl0SVhzODc2MUZvUXBOWTlrOWJEQUJCS21ObGFRUm15WHNjWkwyVHVPd3dhQlBoVFZRbFE?oc=5) · Crain's Cleveland

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=4365 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/13.json (key "4365", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide