Merrick Bank

Merrick Bank is headquartered in South Jordan and is the 16^st largest bank in the state of Utah. It is also the 505^th largest bank in the nation. It was established in 1997 and as of March of 2012, it had grown to 139 employees at 1 location. Merrick Bank has a 5-star health rating.

Data for Q1 2012

Institution Statistics Merrick Bank FDIC Certificate # 34519 BankRate Report View Year Established 1997 Employees 139 Primary Regulator FDIC Assets and Liabilities Assets $1.33 billion Loans $1.01 billion Deposits $952.63 million Equity Capital $338.06 million Loan Loss Allowance $145.03 million Unbacked Noncurrent Loans $38.20 million Historic Data - March 2011 Assets $1.08 billion Equity Capital $277.57 million Loan Loss Allowance $152.05 million Unbacked Noncurrent Loans $31.93 million Profit Margin - Quarterly Net Interest Margin 25.13% Return on Assets 9.63% Return on Equity 39.64% Interest Income $72.98 million

Institution Health Overall Score: 5 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 Merrick Bank had $38.2 million in non-current loans and owned real-estate with $483.08 million in equity and loan loss allowances on hand to cover it. This gives Merrick Bank a Texas Ratio of 7.91% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Merrick Bank held steady from 7.43% as of March 31, 2011 to 7.91% as of March 31, 2012, resulting in a negative change of 6.41%. This indicates that the balance sheet and financial strength for Merrick Bank has held steady in recent periods. Deposit Growth In the past year, Merrick Bank has increased its total deposits by $178.52 million, resulting in 23.06% 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 Merrick 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. Merrick Bank has $1.33 billion in assets with $483.08 million in equity, resulting in a capitalization level of 36.29%, which is excellent.

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