Overview / Commentary
Merrick Bank is headquartered in South Jordan and is the 11th largest bank in the state of Utah. It is also the 270th largest bank in the nation. It was established in 1997 and as of December of 2019, it had grown to 336 employees at 1 location. Merrick Bank's CD rates are 2X the national average, and it has an A health rating.
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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
A
Data as of Q4 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 34519 |
| Year Established | 1997 |
| Employees | 336 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 5.46% |
| Return on Equity - YTD | 26.01% |
| Annual Interest Income | $896.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $3.97B$3.89B |
| Loans | Q4 2019vs Q4 2018 | $3.32B$3.10B |
| Deposits | Q4 2019vs Q4 2018 | $3.05B$3.09B |
| Equity Capital | Q4 2019vs Q4 2018 | $870.4MM$760.4MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $530.4MM$504.5MM |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $162.7MM$148.7MM |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |