Overview / Commentary
Merchants Bank of Commerce is headquartered in Redding and is the 48th largest bank in the state of California. It is also the 568th largest bank in the nation. It was established in 1982 and as of June of 2020, it had grown to 205 employees at 12 locations. Merchants Bank of Commerce has an A+ health rating.
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Reviews (1)
Redding Bank Of Commerce
Posted by: pearlbrown | Nov 23, 2010
I do business with this bank and have been pleased with their customer service.
Health
A+
Data as of Q2 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 24074 |
| Year Established | 1982 |
| Employees | 205 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.75% |
| Return on Equity - YTD | 6.19% |
| Annual Interest Income | $29.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $1.71B$1.44B |
| Loans | Q2 2020vs Q2 2019 | $1.19B$1.03B |
| Deposits | Q2 2020vs Q2 2019 | $1.50B$1.24B |
| Equity Capital | Q2 2020vs Q2 2019 | $185.9MM$185.4MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $16.1MM$12.4MM |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $6.7MM$13.5MM |
| Real Estate Owned | Q2 2020vs Q2 2019 | $8.00K$0 |