The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.

From Q2 2025 to Q2 2026, the score fell 7 points (65 → 58), mostly because the earnings component weakened by 20 points.

Percentile against banks of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).

Similar-size banks in Indiana

Yes. First Merchants Bank is an FDIC-insured institution (FDIC certificate #4365). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.

An estimated 45.4% of deposits ($7.6B) are above the $250,000 FDIC insurance limit, above the peer median of 38%. Insured balances are protected regardless of the score.

The tier 1 leverage ratio is 9.96%, above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 12.75% (benchmark: 10%).

Check how much of your own balance is covered

First Merchants Bank lists 127 offices in 93 cities across 3 states. Most locations:

• Columbus, OH (6)
• Muncie, IN (6)
• Lafayette, IN (5)
• Fort Wayne, IN (4)
• Monroe, MI (4)
• Anderson, IN (3)
• Ann Arbor, MI (3)
• Indianapolis, IN (3)
• Jeffersonville, IN (3)
• Carmel, IN (2)
• Detroit, MI (2)
• Farmington Hills, MI (2)

All branch addresses and map

Over the last three years, the CFPB forwarded 86 consumer complaints about FIRST MERCHANTS CORPORATION to the company (39 in the last 12 months). 98.8% received a timely response. That is 5.1 complaints per $1 billion of deposits, versus a median of 8.5 among institutions with complaint data.

Complaint counts reflect volume, not validity: the CFPB does not verify complaints, and large institutions receive more because they serve more customers. Complaints are filed under the parent company name, which may cover affiliates.

Complaint breakdown by product and issue

In 2025, First Merchants Bank reported 8,175 home-loan applications under HMDA (LEI S0Q3AHZRL5K6VQE35M07): 5,622 originated ($1,748,130,000 total), 1,410 denied, and 1,043 withdrawn or closed by the applicant. Its denial rate on decided applications was 19.8%, compared with 22.2% for all lenders nationwide.

Denial rates depend heavily on loan type and applicant mix and are not a measure of fairness or of your own odds.

Legal name

First Merchants Bank

Former names

The Merchants National Bank of Muncie; First Merchants Bank National Association

Type

State-chartered bank

FDIC certificate #

4365

RSSD ID

17147

Primary regulator

FDIC

Holding company

First Merchants Corp

Established

March 13, 1893

Headquarters

200 E Jackson St, Muncie, IN 47305

Website

www.firstmerchants.com

Employees

2,233