Overview / Commentary
Merchants Bank of Commerce is headquartered in Redding and is the 47th largest bank in the state of California. It is also the 569th largest bank in the nation. It was established in 1982 and as of December of 2019, it had grown to 214 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 Q4 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 24074 |
| Year Established | 1982 |
| Employees | 214 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.21% |
| Return on Equity - YTD | 9.78% |
| Annual Interest Income | $60.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $1.48B$1.31B |
| Loans | Q4 2019vs Q4 2018 | $1.02B$935.9MM |
| Deposits | Q4 2019vs Q4 2018 | $1.27B$1.15B |
| Equity Capital | Q4 2019vs Q4 2018 | $188.5MM$143.1MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $12.2MM$12.3MM |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $5.6MM$4.1MM |
| Real Estate Owned | Q4 2019vs Q4 2018 | $35.00K$31.00K |