Institution Statistics
| Firstmerit Bank, National Association | | FDIC Certificate # | 13675 | | BankRate Report | View | | Year Established | 1890 | | Employees | 2997 | | Primary Regulator | OCC |
Assets and Liabilities | | Assets | $14.65 billion | | Loans | $8.96 billion | | Deposits | $11.71 billion | | Equity Capital | $1.39 billion | | Loan Loss Allowance | $144.89 million | | Unbacked Noncurrent Loans | $355.88 million | | Real Estate Owned | $15.85 million |
Historic Data - March 2011 | | Assets | $14.45 billion | | Equity Capital | $1.33 billion | | Loan Loss Allowance | $143.06 million | | Unbacked Noncurrent Loans | $398.80 million | | Real Estate Owned | $30.98 million |
Profit Margin - Quarterly | | Net Interest Margin | 4.07% | | Return on Assets | 0.86% | | Return on Equity | 9.03% | | Interest Income | $145.40 million |
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Institution Health
Overall Score:
4 out of 5 
| Texas Ratio |  | | The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Firstmerit Bank, National Association had $371.72 million in non-current loans and owned real-estate with $1.54 billion in equity and loan loss allowances on hand to cover it. This gives Firstmerit Bank, National Association a Texas Ratio of 24.17% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. | | Texas Ratio Trend |  | | The Texas Ratio for Firstmerit Bank, National Association decreased slightly from 29.23% as of March 31, 2011 to 24.17% as of March 31, 2012, resulting in a positive change of 17.33%.This indicates that the balance sheet and financial strength for Firstmerit Bank, National Association has improved slightly in recent periods. | | Deposit Growth | | | In the past year, Firstmerit Bank, National Association has increased its total deposits by $299.14 million, resulting in 2.62% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Firstmerit Bank, National Association has shown is above average. | | Capitalization | | | Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Firstmerit Bank, National Association has $14.65 billion in assets with $1.54 billion in equity, resulting in a capitalization level of 10.50%, which is above average. |
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Average User Rating:
Firstmerit Is My Favorite Bank
FirstMerit Bank is a local bank in my community that I like being with. They have accounts made for a person like me with a low income. I don't have to worry about a monthly bank fee being charged to my checking account like other banks just because I have a small bank balance. I'm able to see my bank transactions and pay bills online if I want. They have tellers that are notary of republics and have a call center of people to help me if I have questions. They also have more branches for me to go to than my credit union does. Products they offer that I have used include: a CD, car loan, a savings account, and a couple of checking accounts. They seem to still want to remain a local bank even though they are branching out and I like that about them.