First Merchants Bank

First Merchants Bank of Muncie, IN, chartered 1893: 127 offices, $21.3bn in assets, a 9.96% leverage ratio. Straight from the federal record.

First Merchants Bank is an FDIC-insured bank headquartered in Muncie, IN, chartered in 1893. It is supervised by the FDIC and held by First Merchants Corp. Every figure below is filed by the bank with its regulator and reproduced here unchanged.

Where First Merchants Bank has branches

127 full-service offices across 3 states:

• Indiana: 87 offices in 65 towns, holding $11.7bn at 30 June 2025
• Michigan: 31 offices in 24 towns, holding $2.53bn at 30 June 2025
• Ohio: 9 offices in 4 towns, holding $660m at 30 June 2025

First Merchants Bank on its latest Call Report, 30 June 2026

• Total assets: $21.3bn
• Total deposits: $16.8bn
• Tier 1 leverage ratio: 9.96%
• Total risk-based capital ratio: 12.75%
• Noncurrent loans, as a share of loans: 0.82%
• Return on assets: 0.78%
• Net interest margin: 3.40%
• Staff: 2,233

Compare First Merchants Bank against every other bank with a branch in Indiana, or find the offices nearest you.

Charter and office records from the FDIC BankFind Suite; capital, loan and earnings figures from the bank's own Call Report; deposits by office from the FDIC Summary of Deposits, counted each 30 June.