The Merchants National Bank
Hillsboro, OH · Owner: Merchants Bcorp Inc
$1.3B
total assets, June 30, 2026
$1.3B
total assets, June 30, 2026
The Merchants National Bank is a national bank based in Hillsboro, OH, owned by Merchants Bcorp Inc. As of June 30, 2026 it held $1.3 billion in assets and $1.1 billion in deposits; assets were down 4.9% from a year before. It has 17 branches.
Updated Oct 11, 2026 · numbers as of June 30, 2026
Total assets
$1.3B
-4.9% in a year · -5.3% in a quarter
Deposits
$1.1B
-2.9% in a year · -5.4% in a quarter
Loans
$952M
-3.2% in a year · +0.5% in a quarter
Profit so far
$7.7M
Jan 1 to Jun 30, 2026 · +9.0% in a year
Capital ratio
8.91%
+0.54 pts in a year
Return on assets
1.17%
+0.12 pts in a year
Facts
- Type
- National bank
- Head office
- 100 N High St, Hillsboro, OH, 45133
- County
- Highland
- Holding company
- Merchants Bcorp Inc
- Established
- Dec 25, 1879
- Employees
- 194
- Branches
- 17
- Website
- www.merchantsnat.com
- Id
- b6605
Quarter by quarter
March 31, 1984 to June 30, 2026
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Branches
17 offices as of June 30, 2026, holding $1.1 billion in deposits
Branch map
Every branch, sized by its deposits
| State | Branches | Deposits | Share |
|---|---|---|---|
| Ohio | 17 | $1.1B | 100.0% |
| Largest branches | Place | Deposits |
|---|---|---|
| Washington Court House Branch | Washington Court House, OH | $194M |
| The Merchants National Bank (main office) | Hillsboro, OH | $149M |
| Beech Street Branch | Hillsboro, OH | $130M |
| The Citizens Bank Of Logan Ohio Branch | Logan, OH | $116M |
| London Branch | London, OH | $99.8M |
| Highland Plaza Branch | Hillsboro, OH | $93.0M |
| Georgetown Branch Office | Georgetown, OH | $46.7M |
| Greenfield Branch | Greenfield, OH | $40.5M |
| Batavia Branch | Batavia, OH | $39.7M |
| 104 Jefferson Street Branch | Greenfield, OH | $33.2M |
Related pages
Questions and answers
How big is The Merchants National Bank?
$1.3 billion in total assets and $1.1 billion in deposits as of June 30, 2026, with assets down 4.9% from a year before. Its loans were $952.1 million.
How many branches does The Merchants National Bank have?
17 branches in Ohio as of June 30, 2026.
Is The Merchants National Bank profitable?
Yes: it earned $7.68 million from January 1 to June 30, 2026 (up 9.0% from the same months a year before). Its return on assets was 1.17% a year; about 1% is typical.
Who owns The Merchants National Bank?
The Merchants National Bank is owned by Merchants Bcorp Inc, its holding company.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.