Merrick Bank
Merrick Bank reported total assets of $9.1 bn at Q2 2026, up 2.0% on a year earlier, the 177th largest of 497 banks in our US coverage. The CET1 capital ratio at Merrick Bank was 16.80%, and the uninsured share of Merrick Bank was 4.76%. Source: FDIC Call Reports.
Key takeaways
- On return on equity (ROE), Merrick Bank climbed from 491st to 188th among 500 US banks between and (1 = highest; FDIC Call Reports).
- Merrick Bank has one of the highest net interest margin readings among banks of $1 bn to $10 bn: 19.58% at , against a median of 3.66% across 339 banks (FDIC Call Reports).
- At 11.54%, the net charge-offs to average loans of Merrick Bank sits in the top tenth of its size group ($1 bn to $10 bn, 339 banks), where the median is 0.06% (FDIC Call Reports).
What sets Merrick Bank apart
- Among the 339 banks of $1 bn to $10 bn, few report a lower uninsured share of domestic deposits than Merrick Bank, at 4.76% in ; the group median is 32.61%.
- Merrick Bank has one of the highest noncurrent loans to total loans readings among banks of $1 bn to $10 bn: 3.52% at , against a median of 0.58% across 339 banks.
- The efficiency ratio of Merrick Bank, 32.44% at , places Merrick Bank in the bottom tenth of banks of $1 bn to $10 bn (group median 56.87%).
How large is Merrick Bank?
The balance sheet of Merrick Bank at : assets $9.1 bn, deposits $7.4 bn, net loans $7.3 bn (loans equal to 99.14% of deposits). Securities make up 3.1% of total assets at Merrick Bank. Since , when Merrick Bank held $2.5 bn, its assets grew 259.6%. In the year to , deposits at Merrick Bank rose 5.9% while its total assets rose 2.0%. At , Merrick Bank employed 471 full-time equivalent staff across 1 office, about $19.4 mn of assets per employee and $7.4 bn of deposits per office.
How much funding at Merrick Bank is uninsured?
At Merrick Bank, uninsured deposits (above the FDIC limit) made up 4.76% of domestic deposits at (+1.74 pp on a year earlier); Merrick Bank ranks 484th of 500 on this measure. In dollars, Merrick Bank estimated $352.8 mn of uninsured deposits.
Key facts, Q2 2026
| Metric | Value | Change from a year earlier | US rank |
|---|---|---|---|
| Total deposits | $7.4 bn | +5.9% | 175th of 499 |
| Net loans and leases | $7.3 bn | +0.5% | 150th of 500 |
| Loan-to-deposit ratio | 99.14% | -5.35 pp | 67th of 500 |
| Tier 1 leverage ratio | 16.59% | -3.07 pp | 19th of 500 |
| Total risk-based capital ratio | 18.21% | -3.35 pp | 66th of 448 |
| Net interest margin | 19.58% | +1.63 pp | 2nd of 500 |
| Return on assets (ROA) | 2.55% | +1.91 pp | 24th of 500 |
| Efficiency ratio | 32.44% | +1.08 pp | 26th of 500 (1 = lowest) |
| Unrealized gain/loss on held-to-maturity securities | Loss of $299,000 | Narrowed by $17,000 | |
| Unrealized gain/loss on available-for-sale securities | Loss of $8.3 mn | Narrowed by $1.2 mn | |
| Noncurrent loans to total loans | 3.52% | +0.14 pp | 485th of 500 (1 = lowest) |
| Net charge-offs to average loans | 11.54% | -0.77 pp | 499th of 500 (1 = lowest) |
US rank of Merrick Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
Merrick Bank: assets, deposits and loans
- Total assets $9.1bn
- Deposits $7.4bn
- Net loans $7.3bn
Capital and securities
The CET1 ratio of Merrick Bank stood at 16.80% in , -3.37 pp year on year. Low and high at Merrick Bank since : 16.80% () to 33.51% (). Equity capital of Merrick Bank at : $1.6 bn, or 17.6% of total assets. Merrick Bank also reported a total capital ratio of 18.21% for , and a tier 1 leverage ratio of 16.59%.
On held-to-maturity securities, Merrick Bank carried an unrealized loss of $299,000 at , equal to 0.0% of equity capital. The loss narrowed by $17,000 over the year. Its deepest point: $1.7 mn in . The available-for-sale portfolio of Merrick Bank showed an unrealized loss of $8.3 mn at ; the loss narrowed by $1.2 mn over the year.
Merrick Bank: capital ratios
- Total capital 18%
- CET1 17%
- Tier 1 leverage 17%
Merrick Bank: unrealized securities gains and losses
- Available for sale -$8mn
- Held to maturity -$299,000
Profitability and loan quality
For the year to , Merrick Bank earned a return on equity of 13.48%; return on assets: 2.55%. Net interest margin at Merrick Bank: 19.58%, +1.63 pp in a year. Merrick Bank net income: $116.1 mn, up 342.2% year on year. The efficiency ratio of Merrick Bank was 32.44%: about 32 cents cost per revenue dollar, against 59 cents at the median peer.
At , noncurrent loans were 3.52% of total loans at Merrick Bank; net charge-offs: 11.54% of average loans. Gross loans and leases at Merrick Bank: $8.7 bn, up 1.5% in a year.
Merrick Bank: profitability
- Return on equity 13%
- Net interest margin 20%
- Return on assets 2.5%
Peer group of Merrick Bank
The peer group of Merrick Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 2 share the charter type of Merrick Bank (state nonmember bank), 6 sit in the same size group ($1 bn to $10 bn) and 0 have head offices in Utah. Against them, Merrick Bank shows CET1 ratio 16.80% against a peer median of 12.92%, return on equity 13.48% against a peer median of 15.96% and uninsured deposit share 4.76% against a peer median of 25.81%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| The Bancorp Bank | National bank | SD | $9.2 bn | 14.27% | 31.84% | 2.84% | |
| Pinnacle Bank | State nonmember bank | NE | $9.2 bn | 12.35% | 15.56% | 30.89% | |
| First Mid Bank & Trust | National bank | IL | $9.1 bn | 13.58% | 9.42% | 17.14% | |
| Merrick Bank | State nonmember bank | UT | $9.1 bn | 16.80% | 13.48% | 4.76% | |
| American Savings Bank | National bank | HI | $9.0 bn | 13.49% | 16.36% | 23.32% | |
| Woodforest National Bank | National bank | TX | $9.0 bn | 11.27% | 24.22% | 28.30% | |
| b1BANK | State nonmember bank | LA | $8.9 bn | 12.33% | 10.30% | 46.68% | |
. FDIC Call Reports.
Last eight quarters
Two years at Merrick Bank, to : assets +54.2%, deposits +62.5%, equity +26.9%. Staff 496 to 471.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $5.9 bn | $6.7 bn | $8.9 bn | $9.0 bn | $9.1 bn | $9.3 bn | $8.9 bn | $9.1 bn |
| Total deposits | $4.6 bn | $5.4 bn | $7.0 bn | $7.0 bn | $7.1 bn | $7.2 bn | $7.1 bn | $7.4 bn |
| Bank equity capital | $1.3 bn | $1.3 bn | $1.8 bn | $1.8 bn | $1.9 bn | $1.9 bn | $1.7 bn | $1.6 bn |
| CET1 ratio | 24.28% | 22.00% | 30.77% | 20.17% | 20.10% | 20.09% | 17.81% | 16.80% |
| Return on equity (ROE) | 13.60% | 8.89% | 12.12% | 3.19% | 4.86% | 5.74% | 16.90% | 13.48% |
| Uninsured share of domestic deposits | 13.75% | 14.13% | 3.23% | 3.03% | 2.58% | 3.17% | 3.21% | 4.76% |
| Full-time equivalent employees | 496 | 480 | 500 | 607 | 560 | 537 | 538 | 471 |
| Number of offices | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
FDIC Call Reports.
Mergers and acquisitions
Large one-quarter moves at Merrick Bank
- Total assets at Merrick Bank changed by +33.2% in the quarter to 2025-03-31, with no FDIC structure event in that quarter.
Questions and identifiers
What were the total assets of Merrick Bank?
Merrick Bank reported $9.1 bn at in its Call Report. That makes Merrick Bank the 177th largest of 497 banks in our US coverage.
Is Merrick Bank profitable?
Merrick Bank reported net income of $116.1 mn for the year to ; annualized return on equity: 13.48%. So yes: Merrick Bank made a profit over these months.
When is data for Merrick Bank next updated?
Figures from Merrick Bank for are due after .
Where can I check the figures for Merrick Bank?
In the FDIC BankFind Suite record for certificate 34519, and in the Call Reports of Merrick Bank (RSSD ID 2615190) at the FFIEC Central Data Repository.