# MERCHANTS NATIONAL BANK
HILLSBORO, OH · FDIC certificate 6605 · asset band $1-10B · 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 | $1.27B | |
| Deposits | $1.11B | |
| Loans and leases | $952.1M | |
| Total equity | $121.3M | |
| Loans / deposits | 84.95% (p45 of band) | 87.10% |
| Liquid assets / assets | 20.23% (p46 of band) | |
| Uninsured deposits / deposits | 28.61% (p43 of band) | 30.76% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 1.48% (p26 of band) | |
| FHLB advances / assets | 0.79% | |
| Tier 1 leverage | 8.91% (p10 of band) | 10.50% |
| Unrealized securities loss / equity | -5.07% (p63 of band) | -7.75% |
| AOCI / equity | 0.01% (p79 of band) | |
| ROA (annualized) | 1.17% (p43 of band) | 1.26% |
| Net interest margin | 3.65% (p47 of band) | 3.70% |
| Efficiency ratio | 61.93% (p60 of band) | |
| Noncurrent loans | 0.53% (p51 of band) | 0.51% |
| Net charge-offs (annualized) | 0.00% (p23 of band) | |
| Reserve coverage of noncurrent | 225.26% | |
| Real estate % of loans | 86% | |
| Construction % of loans | 40.09% (p42 of band) | |
| Auto loans | $12.2M (1.28% of loans; DQ 0.44%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p35 of band) | |
| Deposits YoY | -2.9% | |
| Employees | 194 | |

## 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 | 1 |  |  |
| 2012-03 | 1 |  |  |
| 2012-06 | 1 |  |  |
| 2012-09 | 1 |  |  |
| 2012-12 | 1 |  |  |
| 2013-03 | 1 |  |  |
| 2013-06 | 1 |  |  |
| 2013-09 | 1 |  |  |
| 2013-12 | 1 |  |  |
| 2014-03 | 2 | capital falling |  |
| 2014-06 | 2 |  |  |
| 2014-09 | 1 |  | capital falling |
| 2014-12 | 1 |  |  |
| 2015-03 | 1 |  |  |
| 2015-06 | 1 |  |  |
| 2015-09 | 1 |  |  |
| 2015-12 | 0 |  | reserve under noncurrent |
| 2016-03 | 1 | reserve under noncurrent |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 0 |  | reserve under noncurrent |
| 2017-03 | 0 |  |  |
| 2017-06 | 0 |  |  |
| 2017-09 | 1 | reserve under noncurrent |  |
| 2017-12 | 1 |  |  |
| 2018-03 | 0 |  | reserve under noncurrent |
| 2018-06 | 0 |  |  |
| 2018-09 | 0 |  |  |
| 2018-12 | 0 |  |  |
| 2019-03 | 0 |  |  |
| 2019-06 | 1 | liquid assets <10% |  |
| 2019-09 | 1 |  |  |
| 2019-12 | 2 | reserve under noncurrent |  |
| 2020-03 | 0 |  | liquid assets <10%, reserve under noncurrent |
| 2020-06 | 0 |  |  |
| 2020-09 | 1 | capital falling |  |
| 2020-12 | 1 |  |  |
| 2021-03 | 1 |  |  |
| 2021-06 | 1 |  |  |
| 2021-09 | 0 |  | capital falling |
| 2021-12 | 0 |  |  |
| 2022-03 | 1 | uninsured deposits leaving |  |
| 2022-06 | 1 |  |  |
| 2022-09 | 1 |  |  |
| 2022-12 | 1 |  |  |
| 2023-03 | 0 |  | uninsured deposits leaving |
| 2023-06 | 0 |  |  |
| 2023-09 | 0 |  |  |
| 2023-12 | 0 |  |  |
| 2024-03 | 0 |  |  |
| 2024-06 | 0 |  |  |
| 2024-09 | 0 |  |  |
| 2024-12 | 0 |  |  |
| 2025-03 | 0 |  |  |
| 2025-06 | 0 |  |  |
| 2025-09 | 0 |  |  |
| 2025-12 | 0 |  |  |
| 2026-03 | 0 |  |  |
| 2026-06 | 0 |  |  |

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

- 2026-06-03 [Merchants National Bank announces expansion into Cedarville Opera House - Wilmington News Journal](https://news.google.com/rss/articles/CBMiqgFBVV95cUxNUzdFaUVQNUZfWGRyemNFakNPTnFYamE4T19WMlRGTDA2aF91bXM4V2oyNHlDU1BRUkYzQ3JwWmxoNko3UnJxaWl4SDNfRjlOcTVFRWhUVEFET1RGeVVGeG1zYkFnRFdQdjlLLU5fcWRYakt0TnNUMVhJZVZJOUpBUHJHSV9JZ0g4XzMzdXdEYUYwbjlIdUxfakFyYlhqQmNCTVR4RnB6VUw0UQ?oc=5) · Wilmington News Journal
- 2026-06-10 [Ohio banking institution to open local branch in historic opera house - The Business Journals](https://news.google.com/rss/articles/CBMipAFBVV95cUxPOGh5UHN6RjcxSlZwckdGWWtqdVB0eGt4eFJpNDF5Mk1mX1hkQk9RRDNsOE8zakZlSXR3NGtaWjZnMExHYVBXd0xLdnJ0TzlpeFlVVndfUkZYd2szeEZRMWFaSWtqd2JJZGY1M3poYjg0NWYybXJKVGc0RkE3QU5uYTVkeHNHRXZVM0prOGdtWG12c1Utd3NHdkpEa2Y4ZGZGY19OWA?oc=5) · The Business Journals
- 2026-06-05 [Merchants National Bank plans Cedarville expansion - The Xenia Gazette](https://news.google.com/rss/articles/CBMilgFBVV95cUxQWkZRTG43Umo5RFc0X2RTQ3hjNGhzVXBmcmN4OG9tQ283cHBoTWMyS0RobVNZNTNKak0xMEhRNzRvdU5jSjZPTWR0Y0xnanpTbWw0LWV0Rm1BdzBHb0RheHhzMUx3MGJOOGljWm5hZk9YMUZhWktHRU56cUdhSldjbmswdGhEc0tOeDZXUlNjYXJJdXE4U3c?oc=5) · The Xenia Gazette
- 2026-02-05 [Merchants National Bank announces retirement of Linda Smith - The Times Gazette](https://news.google.com/rss/articles/CBMiogFBVV95cUxPVS1OSmdCaFF2M1FoV0NPSXpNZWgtcHVLX1pkam1EWFdUR0ZHYy0yVGMyMUNfVnpjVEJiQjNUNmhaWGpMTlNQSjJIRjNRYllnY1hMV2lJZTNlcWFZSEhMcXhEY1h3LU11akNxd0NERllqelEySVhsaGNkU0FOMHQ4VThTV05EX2lYRUJacTBnOWNHbklrZUp3dEd5ZmVOYzQ3UEE?oc=5) · The Times Gazette
- 2026-07-20 [Free fair photos courtesy of Merchants National Bank - Wilmington News Journal](https://news.google.com/rss/articles/CBMikAFBVV95cUxQcHl6dWlycURpN0dORFhHelJyeVVNT250dWNCalZ6cW1JM3NCYV9Ud0JhUUdjZXFac3IxUG8yOXNEeWJveDFWVTdKYzR4bFI1a0ptdGN3R0RQbnhnVjNzZnVWSnZMUE5LY2hFZjVsSFdzNG9HdkU2bjhlNjRObVVaWVU1aDFrb3NGSjFFbzBMUGI?oc=5) · Wilmington News Journal
- 2025-12-29 [Merchants National Bank’s John Abell announces retirement - The Times Gazette](https://news.google.com/rss/articles/CBMingFBVV95cUxPbDdORThneGFFd2hxNXIzODVmSE5sOENNa0lEa2c4UmdOc1VpTGdBYlgtNkdBMTJDaTZPWTFZazVoSWRRYlgyZ2twNTZuWGlfbWktU3Z4eXNvbFVtSjdaaDVta3JLOXpoaDhrX1AxTDFfNjJaNGdoNUcwR2RtVVAxOXU4enFrQ3VvSk1nNk55RWVHQ0NRWEZLcEhocUlEdw?oc=5) · The Times Gazette
- 2025-01-02 [Merchants National Bank named Business of the Month - Record Herald](https://news.google.com/rss/articles/CBMilwFBVV95cUxOMDdnaFhFcENQRGVKUHhCS0dJNnpzLTZGZDJ2YnNRQmt3aTVrNVFwQkxTNDY4UDJ2M0syZE9zNTE1b3JyQTUtZTM1TWxfZUJaZzdQa2daX1VXdXRMZDRobGI4VzBidEtEbm94UWU0X1N2aGNWVGtZdDJLY1NVS3NFd2xrbkVsT2cyWThtbmFkX0c2RFBLcWRz?oc=5) · Record Herald
- 2021-01-19 [Iconic downtown New Bedford structure up for auction - SouthCoastToday.com](https://news.google.com/rss/articles/CBMi1gFBVV95cUxPYS15UE8yYkhjU2h5RDRGVllGUm9YeFFUd2lXblpORU1OU3puX1RwS3pqSXFmY3htWlNDRXh3ZUcwa0NjVmNvTUVYaHd3WERaWTdJa3hCNmR2ajZqb1ZVM3N0OGN2TUliaTBJMFJ1MmkyTC1wdlRoNWl2VG53ei1ONlhjVGV6V0s1S3BPMnctU2UwSW4wTU96UTRVOEg5Z1B3OE1hcDVtSWFDbjIyTzR2ZUpMTTM5ODM0V1JaWU44LXVZRy1mbWs5X2RfY0FZMkpOVDFQbWF3?oc=5) · SouthCoastToday.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=6605 (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 "6605", 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