Overview / Commentary
Merrick Bank is headquartered in South Jordan and is the 12th largest bank in the state of Utah. It is also the 288th largest bank in the nation. It was established in 1997 and as of June of 2020, it had grown to 358 employees at 1 location. Merrick Bank has a B+ health rating.
Reviews (1)
They Do Fine
Posted by: WestTN | Aug 26, 2019
This is my second time with Merrick. First was with a Brokerage CD so I did not deal directly with the bank. Next was a Bank CD and I found them very good to deal with. ACH, microdeposits, et al went very well. Their rates are always at or near the top.
Health
B+
Data as of Q2 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 34519 |
| Year Established | 1997 |
| Employees | 358 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 4.98% |
| Return on Equity - YTD | 22.45% |
| Annual Interest Income | $413.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $4.15B$3.93B |
| Loans | Q2 2020vs Q2 2019 | $3.06B$3.13B |
| Deposits | Q2 2020vs Q2 2019 | $3.14B$3.06B |
| Equity Capital | Q2 2020vs Q2 2019 | $951.0MM$820.3MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $506.7MM$495.4MM |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $114.5MM$121.5MM |
| Real Estate Owned | Q2 2020vs Q2 2019 | $0$0 |