Merrick Bank

Overview / Commentary
10705 South Jordan Gateway, Suite 200
South Jordan, UT 84095

Merrick Bank is headquartered in South Jordan and is the 11th largest bank in the state of Utah. It is also the 277th largest bank in the nation. It was established in 1997 and as of December of 2020, it had grown to 378 employees at 1 location. Merrick Bank has an A health rating.

Reviews (1)

They Do Fine

Posted by: |

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 Grade Components

FDIC Certificate #34519
Year Established1997
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD6.34%
Return on Equity - YTD27.36%
Annual Interest Income$817.5MM
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$4.44B$3.97B
LoansQ4 2020vs Q4 2019$3.21B$3.32B
DepositsQ4 2020vs Q4 2019$3.31B$3.05B
Equity CapitalQ4 2020vs Q4 2019$1.08B$870.4MM
Loan Loss AllowanceQ4 2020vs Q4 2019$503.0MM$530.4MM
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$95.5MM$162.7MM
Real Estate OwnedQ4 2020vs Q4 2019$0$0
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Merrick Bank CD Rates

0.71%$25k$250k24 Month CD
0.65%$25k$250k12 Month CD
0.65%$25k$250k18 Month CD
0.40%$25k$250k6 Month CD

Merrick Bank Locations
Merrick Bank10705 South Jordan Gateway, Suite 200South Jordan, UT 84095

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