Institution Statistics
| Merit Bank | | FDIC Certificate # | 4675 | | BankRate Report | View | | Year Established | 1904 | | Employees | 11 | | Primary Regulator | FDIC |
Assets and Liabilities | | Assets | $61.95 million | | Loans | $52.03 million | | Deposits | $49.56 million | | Equity Capital | $5.64 million | | Loan Loss Allowance | $839,000 | | Unbacked Noncurrent Loans | $239,000 | | Real Estate Owned | $456,000 |
Historic Data - March 2011 | | Assets | $53.32 million | | Equity Capital | $5.16 million | | Loan Loss Allowance | $794,000 | | Unbacked Noncurrent Loans | $509,000 |
Profit Margin - Quarterly | | Net Interest Margin | 4.16% | | Return on Assets | 0.65% | | Return on Equity | 6.88% | | Interest Income | $727,000 |
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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 Merit Bank had $695,000 in non-current loans and owned real-estate with $6.47 million in equity and loan loss allowances on hand to cover it. This gives Merit Bank a Texas Ratio of 10.74% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. | | Texas Ratio Trend |  | | The Texas Ratio for Merit Bank held steady from 8.55% as of March 31, 2011 to 10.74% as of March 31, 2012, resulting in a negative change of 25.57%. This indicates that the balance sheet and financial strength for Merit Bank has held steady in recent periods. | | Deposit Growth |  | | In the past year, Merit Bank has increased its total deposits by $4.22 million, resulting in 9.31% 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 Merit Bank has shown is excellent. | | 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. Merit Bank has $61.94 million in assets with $6.47 million in equity, resulting in a capitalization level of 10.45%, which is above average. |
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