Overview / Commentary
Merrick Bank is headquartered in South Jordan and is the 11th largest bank in the state of Utah. It is also the 274th largest bank in the nation. It was established in 1997 and as of December of 2018, it had grown to 300 employees at 1 location. Merrick Bank's CD rates are 3X the national average, and it has a B health rating.
Health
B
Data as of Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 34519 |
| Year Established | 1997 |
| Employees | 300 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 6% |
| Return on Equity - YTD | 30.51% |
| Annual Interest Income | $827.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $3.89B$3.50B |
| Loans | Q4 2018vs Q4 2017 | $3.10B$2.83B |
| Deposits | Q4 2018vs Q4 2017 | $3.09B$2.83B |
| Equity Capital | Q4 2018vs Q4 2017 | $760.4MM$630.2MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $504.5MM$471.5MM |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $148.7MM$137.4MM |
| Real Estate Owned | Q4 2018vs Q4 2017 | $0$0 |
Rates
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Merrick Bank CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.87% | $25k | - | 12 Month CD |
Locations
| Merrick Bank Locations | ||
|---|---|---|
| Merrick Bank | 10705 South Jordan Gateway, Suite 200 | South Jordan, UT 84095 |