First Merchants Bank
Muncie, Indiana · FDIC cert #4365 · chartered 1893 · 135 offices
First Merchants Bank held $21.0B in total assets and $16.5B in deposits on its Q1 2026 (call report dated March 31, 2026) FDIC call report (#100 of 118 by size). Its capital ratio is 12.9% (equity ÷ assets), its total risk-based capital ratio is 12.8%, its Texas Ratio is 3.25% and its return on assets is 0.66%. On BankGrade's transparent A–F scale that is a B (Sound). This is a computed read on public data, not a rating or a statement about the bank's solvency — deposits are FDIC-insured to $250,000 per depositor, per ownership category regardless.
Source: FDIC BankFind Suite API, Q1 2026 (call report dated March 31, 2026). Data as of June 2026.
Grade B Sound — solid capital and earnings with modest problem assets.
First Merchants Bank headline figures
| Metric | First Merchants Bank |
|---|---|
| Total assets | $21.0B |
| Total deposits | $16.5B |
| Total equity capital | $2.7B |
| Capital ratio (equity ÷ assets) | 12.9% |
| Total risk-based capital ratio | 12.8% |
| Nonperforming assets ÷ total assets | 0.45% |
| Return on assets (ROA, annualized) | 0.66% |
| Texas Ratio (computed) | 3.25% |
| BankGrade grade | B — Sound |
Source: FDIC BankFind Suite API, Q1 2026 (call report dated March 31, 2026). Data as of June 2026.
Dollar amounts are total figures from the FDIC call report. The Texas Ratio is computed by BankGrade from FDIC fields (see methodology); all other figures are reported directly by the FDIC. ROA is annualized by the FDIC from year-to-date net income. Estimate-free — but verify on the FDIC source before relying on it.
What each metric means
- Capital ratio (12.9%): equity capital as a share of total assets — the simplest cushion measure. Higher is sturdier; most large banks sit between 8% and 12%. First Merchants Bank ranks #29 of 118 on this measure.
- Risk-based capital ratio (12.8%): capital measured against risk-weighted assets, the regulatory yardstick. Banks are generally considered "well capitalized" at roughly 10% or above under Prompt Corrective Action rules.
- Nonperforming-asset ratio (0.45%): problem assets (loans past due 90+ days or in nonaccrual, plus repossessed property) as a share of total assets. Lower is better.
- Return on assets (0.66%): annualized net income divided by assets — how profitably the bank uses its balance sheet. Around 1% or higher is healthy for a large US bank.
- Texas Ratio (3.25%): nonperforming assets divided by the sum of equity and loan-loss reserves. A stress gauge — see the explainer.
First Merchants Bank vs similar-sized banks
The five banks closest to First Merchants Bank in total assets, for context on whether its ratios are typical for its size:
| Bank | Total assets | Capital ratio | Texas Ratio | ROA | Grade |
|---|---|---|---|---|---|
| First Merchants Bank (this bank) | $21.0B | 12.9% | 3.25% | 0.66% | B |
| Optum Bank, Inc. | $21.0B | 14.6% | 0.89% | 2.93% | A |
| Seacoast National Bank | $21.1B | 14.3% | 3.09% | 0.62% | B |
| Mechanics Bank | $21.4B | 13.7% | 1.75% | 0.87% | A |
| The Central Trust Bank | $20.5B | 9.0% | 2.70% | 1.96% | A |
| Merchants Bank of Indiana | $20.3B | 11.1% | 13.18% | 1.41% | C |
Is your money safe at First Merchants Bank?
The single most important fact about deposit safety is FDIC insurance, not any ratio on this page. The FDIC insures deposits up to $250,000 per depositor, per insured bank, per ownership category. If you keep more than that at one bank, the coverage calculator shows how to structure accounts so all of it is insured. The health metrics here describe the bank's balance sheet on one quarterly snapshot — they are useful context, but they are not a prediction and not advice.
Frequently asked questions
What is First Merchants Bank's BankGrade grade?
On the latest FDIC call report (Q1 2026 (call report dated March 31, 2026)), First Merchants Bank scores a B on BankGrade's transparent A–F scale — solid capital and earnings with modest problem assets. The grade is built from five public FDIC figures: a capital ratio of 12.9%, a risk-based capital ratio of 12.8%, a Texas Ratio of 3.25%, a return on assets of 0.66% and a nonperforming-asset ratio of 0.45%. It is informational only — not a rating, recommendation or statement about the bank's actual solvency.
Is my money safe at First Merchants Bank?
Deposits at First Merchants Bank are insured by the FDIC up to $250,000 per depositor, per insured bank, per ownership category — regardless of any health metric on this page. That insurance is what actually protects your money. The ratios here describe the bank's balance sheet on one quarterly snapshot; they are not a prediction of failure. Use our coverage calculator to check how much of your balance is insured.
How big is First Merchants Bank?
First Merchants Bank reported $21.0B in total assets and $16.5B in deposits on its Q1 2026 (call report dated March 31, 2026) FDIC call report, ranking #100 of 118 among the largest US banks we track. It is headquartered in Muncie, Indiana and was chartered in 1893.
What is First Merchants Bank's Texas Ratio?
First Merchants Bank's Texas Ratio is 3.25%. We compute it as nonperforming assets ($94.9M) divided by the sum of total equity ($2.7B) and the loan-loss allowance ($212.5M). A lower number means problem assets are small relative to the cushion that absorbs them. Classic guidance treats figures approaching 100% as a stress signal, but the ratio has caveats — see our Texas Ratio explainer.
Keep exploring
Sources & important disclaimer
All figures from the FDIC BankFind Suite API (Q1 2026 (call report dated March 31, 2026), FDIC cert #4365), public domain. The Texas Ratio and A–F grade are transparent calculations over those figures (see methodology). Informational only — not financial advice, a credit rating, or an opinion on this bank's solvency. FDIC insurance protects deposits up to $250,000 per depositor, per bank, per ownership category regardless of a bank's metrics. Verify everything on the FDIC source before making any financial decision.
Last updated: 2026-06-20