Headquartered in Hillsboro, Ohio, The Merchants National Bank is a national bank with $1.3B in total assets and $1.1B in deposits as of Q2 2026. It operates 17 offices. Its charter dates back to 1879.
The Merchants National Bank has a TellerScore of 64 out of 100 (moderate) based on Q2 2026 data — higher than only 33% of its 897 banks with $1 billion – $10 billion. Among 157 banks headquartered in Ohio, it ranks 110th. Problem-loan coverage contributes the most (92/100, 3.8%); capital cushion contributes the least (39/100, 8.91%).
TellerScore · Q2 2026
Scorecard
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.
9 quarters
Health trend
The score has been essentially flat from Q2 2025 to Q2 2026 (63 → 64).
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 59 |
| Q3 2024 | 60 |
| Q4 2024 | 60 |
| Q1 2025 | 62 |
| Q2 2025 | 63 |
| Q3 2025 | 63 |
| Q4 2025 | 63 |
| Q1 2026 | 64 |
| Q2 2026 | 64 |
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| Quarter | Tier 1 leverage ratio |
|---|---|
| Q2 2024 | 8.03% |
| Q3 2024 | 8.06% |
| Q4 2024 | 8.15% |
| Q1 2025 | 8.28% |
| Q2 2025 | 8.37% |
| Q3 2025 | 8.54% |
| Q4 2025 | 8.43% |
| Q1 2026 | 8.68% |
| Q2 2026 | 8.91% |
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| Quarter | Noncurrent loans |
|---|---|
| Q2 2024 | 0.36% |
| Q3 2024 | 0.38% |
| Q4 2024 | 0.37% |
| Q1 2025 | 0.49% |
| Q2 2025 | 0.48% |
| Q3 2025 | 0.50% |
| Q4 2025 | 0.48% |
| Q1 2026 | 0.56% |
| Q2 2026 | 0.53% |
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| Quarter | Return on assets |
|---|---|
| Q2 2024 | 0.73% |
| Q3 2024 | 0.74% |
| Q4 2024 | 0.80% |
| Q1 2025 | 0.91% |
| Q2 2025 | 1.05% |
| Q3 2025 | 1.08% |
| Q4 2025 | 1.08% |
| Q1 2026 | 1.07% |
| Q2 2026 | 1.17% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 64 | $1.3B | 8.91% | 0.53% | 1.17% | 85.0% |
| Q1 2026 | 64 | $1.3B | 8.68% | 0.56% | 1.07% | 80.0% |
| Q4 2025 | 63 | $1.3B | 8.43% | 0.48% | 1.08% | 85.0% |
| Q3 2025 | 63 | $1.3B | 8.54% | 0.50% | 1.08% | 84.5% |
| Q2 2025 | 63 | $1.3B | 8.37% | 0.48% | 1.05% | 85.3% |
| Q1 2025 | 62 | $1.4B | 8.28% | 0.49% | 0.91% | 82.6% |
| Q4 2024 | 60 | $1.3B | 8.15% | 0.37% | 0.80% | 91.2% |
| Q3 2024 | 60 | $1.3B | 8.06% | 0.38% | 0.74% | 89.4% |
| Q2 2024 | 59 | $1.3B | 8.03% | 0.36% | 0.73% | 89.3% |
897 peers · $1 billion – $10 billion
How it compares with peers
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 Ohio
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Consumers National BankBank Minerva, OH | 65 out of 100, Moderate | $1.3B | 8.4% | 0.07% | vs |
| First State BankBank Winchester, OH | 70 out of 100, Strong | $1.2B | 10.5% | 0.86% | vs |
| The Commercial and Savings Bank of Millersburg, OhioBank Millersburg, OH | 69 out of 100, Moderate | $1.3B | 10.2% | 0.84% | vs |
| The Richwood Banking CompanyBank Richwood, OH | 64 out of 100, Moderate | $1.3B | 10.8% | 1.28% | vs |
| Signature Bank, National AssociationBank Toledo, OH | 69 out of 100, Moderate | $1.3B | 12.4% | 0.84% | vs |
| The North Side Bank and Trust CompanyBank Cincinnati, OH | 74 out of 100, Strong | $1.2B | 11.2% | 0.10% | vs |
Deposit insurance
Is my money safe at The Merchants National Bank?
Yes. The Merchants National Bank is an FDIC-insured institution (FDIC certificate #6605). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
An estimated 28.6% of deposits ($316.8M) are above the $250,000 FDIC insurance limit, below the peer median of 31%. Insured balances are protected regardless of the score.
The tier 1 leverage ratio is 8.91%, above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 13.20% (benchmark: 10%).
17 locations
Branches
The Merchants National Bank lists 17 offices in 12 cities. Most locations:
- Hillsboro, OH (3)
- Greenfield, OH (2)
- Logan, OH (2)
- Wilmington, OH (2)
- Athens, OH (1)
- Batavia, OH (1)
- Georgetown, OH (1)
- London, OH (1)
- Marysville, OH (1)
- Mount Orab, OH (1)
- Springfield, OH (1)
- Washington Court House, OH (1)
Identity & history
Profile
- Legal name
- The Merchants National Bank
- Former names
- The Merchants National Bank of Hillsborough; The Merchants National Bank of Hillsboro
- Type
- National bank
- FDIC certificate #
- 6605
- RSSD ID
- 701222
- Primary regulator
- OCC
- Holding company
- Merchants Bcorp Inc
- Established
- December 25, 1879
- Headquarters
- 100 N High St, Hillsboro, OH 45133
- Website
- www.merchantsnat.com
- Employees
- 194
Quick answers
The Merchants National Bank: common questions
Is The Merchants National Bank FDIC insured?
Yes. The Merchants National Bank is an FDIC-insured institution (FDIC certificate #6605). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
What is The Merchants National Bank's TellerScore?
64 out of 100 (Moderate), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.
Has The Merchants National Bank ever failed?
There is no failure record for FDIC certificate #6605 in the FDIC failed bank list.
How many branches does The Merchants National Bank have?
17 offices as of the latest FDIC data.
Nearby
Highest-scoring banks and credit unions with branches near Hillsboro
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Superior Credit Union, IncCredit union Lima, OH | 94 out of 100, Very strong | $2.0B | 15.2% | 0.20% | vs |
| Homeland Credit UnionCredit union Chillicothe, OH | 82 out of 100, Strong | $624.2M | 15.8% | 1.10% | vs |
| Community Savings BankBank Bethel, OH | 80 out of 100, Strong | $119.6M | 14.8% | 0.10% | vs |
| The First National Bank of BlanchesterBank Blanchester, OH | 77 out of 100, Strong | $77.7M | 10.6% | 0.15% | vs |
| The Wilmington Savings BankBank Wilmington, OH | 72 out of 100, Strong | $267.3M | 14.6% | 0.82% | vs |
| Southern Hills Community BankBank Leesburg, OH | 71 out of 100, Strong | $209.6M | 13.8% | 1.58% | vs |