IN lenders / Regional Bank
First Merchants Bank
Regional Bank · Muncie, IN · First Merchants Corp
- Total assets
- $21.0B
- CRE loan book
- $5.4B
- QoQ CRE growth
- 24.3%
- Q1 2026
Recorded CRE activity — harris County
3 commercial deeds of trust recorded recently, verified from county records.
- Jul 22, 2026 · unknownundisclosed
- Jul 21, 2026 · unknownundisclosed
- Jul 6, 2026 · unknownundisclosed
Observed rates
Real loans — SBA 7(a)
10 SBA 7(a) real-estate loans in Texas over the last 12 months · median rate 9.75% (10 variable / 0 fixed) · $11.9M total approved.
Borrower cities: Coppell (2), Porter (2), Austin, Katy, Garland, Dallas.
Source: SBA 7(a) FOIA dataset · most recent approval Jan 28, 2026. Loan-level government-guaranteed pricing; conventional CRE terms may differ.
Book yield — real-estate loans
Implied yield on the existing real-estate loan book: 5.18% as of Q1 2026 — TX bank median 4.87% (0.31pp above median).
| Quarter | RE loan yield | All loans & leases |
|---|---|---|
| Q1 2026 | 5.18% | 6.11% |
| Q4 2025 | 5.52% | 6.24% |
| Q3 2025 | 5.71% | 6.28% |
| Q2 2025 | 5.23% | 6.25% |
| Q1 2025 | 5.86% | 6.12% |
| Q4 2024 | 5.60% | 6.46% |
| Q3 2024 | 5.90% | 6.79% |
| Q2 2024 | 6.03% | 6.67% |
What their existing real-estate book earns — an anchor for where new money gets priced. Source: FFIEC Call Reports.
For a current market estimate for your property, use the terms estimator →
CRE book — quarterly trend (FFIEC Call Reports)
| Quarter | CRE loans | Construction | Multifamily | Concentration | Nonaccrual CRE |
|---|---|---|---|---|---|
| Q1 2026 | $5.4B | $914.8M | $737.7M | 181% | $33.7M |
| Q4 2025 | $4.4B | $804.8M | $748.1M | 152% | $27.0M |
| Q3 2025 | $4.3B | $789.0M | $716.9M | 152% | $26.2M |
| Q2 2025 | $4.2B | $836.0M | $658.2M | 151% | $35.1M |
| Q1 2025 | $4.2B | $793.2M | $676.8M | 149% | $47.1M |
| Q4 2024 | $4.2B | $792.1M | $710.3M | 156% | $39.2M |
| Q3 2024 | $4.2B | $814.7M | $718.7M | 160% | $26.5M |
| Q2 2024 | $4.3B | $823.3M | $776.7M | 165% | $25.2M |
Signals
Recent news
- First Merchants: A Mid-Cap Midwest Bank With Earnings Stuck In Neutral (FRME) - Seeking Alpha — Coverage of First Merchants Bank related to earnings reported by seekingalpha.com.Aug 20, 2026
- First Merchants Bank and NCRC Announce New $2 Billion Community Benefits Agreement to Expand Impact Across the Midwest - The Globe and Mail — Coverage of First Merchants Bank related to commercial real estate and lending reported by theglobeandmail.com.Jun 25, 2026
Similar lenders
Other regional banks we track with a comparable CRE book size.
- Commerce BankRegional Bank · Kansas City · $5.4B CRE book
- The Central Trust BankRegional Bank · Jefferson City · $5.4B CRE book
- Israel Discount Bank of New YorkRegional Bank · New York · $5.5B CRE book
- First BankRegional Bank · Southern Pines · $5.6B CRE book
- First Hawaiian BankRegional Bank · Honolulu · $5.3B CRE book
Markets where First Merchants Bank lends
First Merchants Bank has commercial deeds of trust recorded in this metro. See who else is active there and current rate ranges by property type.
Houston
Houston (Harris County)
Last updated Jul 22, 2026 · Sources: FFIEC CDR, county records, first-party conversations.