Bank
First Merchants Bank
First Merchants Bank is a regional bank primarily serving Central Indiana and surrounding areas, offering a full suite of FDIC-insured personal and business banking products, including deposit accounts and various loan types.
Key Statistics
As of December 2025, public records show First Merchants Bank has originated approximately $3.7B in loan volume over the past 12 months, with an average loan size of $651k.
Volume (12mo)
$3.7B
Avg Loan Size
$651k
Total Mortgages
87,217
Total Borrowers
8,345
Lending Entities
First Merchants Bank funds loans through the following entities. These are the legal entities that appear on recorded mortgage documents.
44,388 mortgages recorded
30,448 mortgages recorded
12,372 mortgages recorded
+170 more not shown
Geography
First Merchants Bank's lending activity is concentrated in the following states, based on recorded mortgage data from the past 12 months.
Mortgages (12mo): 2,452
Volume (12mo): $2.0B
Total Volume: $38.3B
Mortgages (12mo): 1,540
Volume (12mo): $736.0M
Total Volume: $8.3B
Mortgages (12mo): 332
Volume (12mo): $620.3M
Total Volume: $4.1B
Top Borrowers
The following individuals have the most recorded mortgage transactions with First Merchants Bank. Click on a borrower to view their full investor profile.
+8,342 more not shown
FAQ
What type of lender is First Merchants Bank?
First Merchants Bank is classified as an bank based on our research. Banks are FDIC-insured depository institutions offering a range of mortgage products. They have a mix of business (11%) and personal loans in their portfolio.
What entities does First Merchants Bank fund loans under?
First Merchants Bank originates mortgages through 173 different lending entities. The most common include First Merchants Bank, First Merchants Bank Na, and Level One Bank. These are the legal entity names that appear on recorded mortgage documents.
Where is First Merchants Bank most active?
Based on recorded mortgages, First Merchants Bank is most active in Indiana, Michigan, and Ohio.
How many loans has First Merchants Bank originated?
Public records show 87,217 mortgages recorded for First Merchants Bank, with $3.7B in volume over the past 12 months.
What is the average loan size for First Merchants Bank?
The average mortgage size for First Merchants Bank is $651k based on all recorded mortgages.
Does First Merchants Bank offer short-term loans?
First Merchants Bank primarily offers long-term financing, with only 4% of loans being short-term.
How is this data collected?
Elementix aggregates mortgage data from public county records across the United States. We use AI to normalize lender names, identify aliases, and connect borrowers to their lending relationships.