Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
602-636-5100
2198 East Camelback Road
Phoenix, AZ 85016

Meridian Bank, National Association is headquartered in Phoenix and is the 4th largest bank in the state of Arizona. It is also the 964th largest bank in the nation. It was established in 1978 and as of December of 2013, it had grown to 187 employees at 16 locations. Meridian Bank, National Association has a A+ health rating.

Related Posts



No reviews have been left for this bank yet. Be the first to review.



Health

Data for Q4 2013

Institution Health

A+

Texas Ratio

GRADE:
A+

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 December 31, 2013 Meridian Bank, National Association had $1.56 million in non-current loans and owned real-estate with $107.32 million in equity and loan loss allowances on hand to cover it. This gives Meridian Bank, National Association a Texas Ratio of 1.46% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Meridian Bank, National Association decreased dramatically from 4.20% as of December 31, 2012 to 1.46% as of December 31, 2013, resulting in a positive change of 65.30%.This indicates that the balance sheet and financial strength for Meridian Bank, National Association has improved dramatically in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Meridian Bank, National Association has increased its total deposits by $11.28 million, resulting in 2.14% 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 Meridian Bank, National Association has shown is above average.

Capitalization

GRADE:
A+

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. Meridian Bank, National Association has $701.23 million in assets with $107.32 million in equity, resulting in a capitalization level of 15.31%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #22644
Year Established1978
Employees187
Primary RegulatorOCC
Assets and Liabilities
Assets$701.23 million
Loans$523.04 million
Deposits$538.30 million
Equity Capital$100.76 million
Loan Loss Allowance$6.56 million
Unbacked Noncurrent Loans$432,000
Real Estate Owned$1.13 million
Historic Data - December 2012
Assets$709.58 million
Equity Capital$136.49 million
Loan Loss Allowance$9.24 million
Unbacked Noncurrent Loans$432,000
Real Estate Owned$1.77 million
Profit Margin - Quarterly
Net Interest Margin5.8%
Return on Assets1.24%
Return on Equity7.24%
Interest Income$43.76 million
Rates

Sorry, we do not have rate data for Meridian Bank, National Association

Locations


Meridian Bank, National Association Locations
Fountain Hills Branch13404 North LA Montana DriveFountain Hills, AZ 85268
Scottsdale Promenade Branch16435 N Scottsdale RdScottsdale, AZ 85254
Gateway Branch1675 North 95th LanePhoenix, AZ 85040
Wickenburg Branch2001 West Wickenburg WayWickenburg, AZ 85390
Meridian Bank, National Association2198 East Camelback RoadPhoenix, AZ 85016
Central Avenue Banking Center Branch2700 North Central Avenue, Suite 110Phoenix, AZ 85012
Arrowhead Branch7655 West Thunderbird RoadPeoria, AZ 85381
Gilbert Branch845 North Gilbert RoadGilbert, AZ 85234