Merrick Bank
South Jordan, Utah · FDIC Cert #34519
Merrick Bank is an FDIC-insured bank (Certificate #34519) with $6.1B in total assets and $4.8B in total deposits as of the Q2 2024 Call Report. Headquartered in South Jordan, Utah, the bank maintains a Tier 1 capital ratio of 22.18% (Well-Capitalized) and a nonperforming loan ratio of 4.24%. BankHealthData assigns a composite Health Grade of C (57/100). All deposits up to $250,000 per depositor per ownership category are FDIC insured.
Merrick Bank (FDIC cert 34519) is a mid-sized bank with $6.1B in total assets and $4.8B in deposits, based in South Jordan, Utah. Mid-sized banks typically operate regionally with a mix of commercial and consumer lending.
Capital position is strong: Tier 1 capital ratio of 22.18% sits comfortably above the 8% well-capitalized regulatory threshold and the 10% well-capitalized-plus floor for community banks. Strong capital is the first line of defense against unexpected loan losses. Asset quality is elevated: non-performing loan ratio of 4.24% runs above 2%, suggesting the loan book carries more credit risk than peer banks. Elevated NPL can reflect specific portfolio concentrations or broader credit-cycle pressure. Liquidity is thin: 12.4% liquid-asset ratio. Banks with thin liquidity buffers can face stress during deposit-outflow events or asset-quality shocks.
Profitability is strong: return on assets of 2.93% is well above the 1.0% benchmark most analysts use as the threshold for a healthy bank. Strong ROA usually reflects disciplined cost management, healthy net interest margins, or both. Health-score trend is mildly positive across the recent-quarters window. The directional signal is favorable but not dramatic. Merrick Bank carries a composite BankHealth grade of C (57/100) as of the 2024-06 Call Report filing. The grade combines capital ratios (Tier 1), asset quality (non-performing loans), liquidity, and profitability into a single signal.
Source: FDIC BankFind API — Call Report data.
Key Facts: Merrick Bank
- Total Assets
- $6.1B
- Total Deposits
- $4.8B
- Tier 1 Capital Ratio
- 22.18%
- Capital Status
- Well-Capitalized
- Nonperforming Loans
- 4.24%
- Liquidity Ratio
- 12.42%
- Return on Assets
- 2.93%
- Headquarters
- South Jordan, Utah
- FDIC Certificate
- #34519
- Health Grade
- C (57/100)
- Latest Call Report
- Q2 2024
Capital & Safety Analysis
According to FDIC financial data, Merrick Bank holds a Tier 1 capital ratio of 22.18%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning Merrick Bank has a strong buffer to absorb potential losses.
Key Financial Metrics
What This Means For Your Money
Merrick Bank shows average financial health. While not alarming, its Health Score of 57/100 suggests some areas could be stronger. Your FDIC-insured deposits (up to $250,000) remain fully protected regardless.
Remember: FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically have access to their funds within two business days.
How Merrick Bank Compares
Merrick Bank’s Health Score of 57 is 12 points below the Utah state average of 69 across 41 FDIC-insured banks. Its 22.18% Tier 1 capital ratio is 8.2 points above the US banking industry average near 14%. The 4.24% nonperforming loan ratio is higher than the industry norm (~0.8%), indicating more credit stress than peers. Return on assets of 2.93% is in line with or above the national ROA benchmark of ~1.1%. Among 240 similarly-sized banks, the average Health Score is 74, meaning this bank ranks below its size cohort. Site-wide, Merrick Bank is 13 points below the portfolio average of 70.
Frequently Asked Questions
Merrick Bank has a Bank Health Score of C (57/100), placing it in average financial health. It holds a Tier 1 capital ratio of 22.18%, which is above the 8% "well-capitalized" threshold. All deposits up to $250,000 per depositor are FDIC insured regardless of the bank's health.
Bank failures are uncommon — only ~5 of 4,000+ FDIC-insured banks fail in a typical year. Merrick Bank's Tier 1 capital ratio of 22.18% and nonperforming loan ratio of 4.24% indicate an average risk profile relative to the industry. Even in a failure scenario, insured deposits ($250K per depositor per ownership category) are typically available within two business days.
Money in checking, savings, money market, and CD accounts at Merrick Bank is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #34519). Joint accounts get $250K per co-owner. Funds above the limit are not insured — for higher balances, consider spreading across multiple banks or using a CDARS-like network.
Merrick Bank holds $6.1B in total assets and $4.8B in total deposits. It is headquartered in South Jordan, Utah (FDIC Certificate #34519).
Merrick Bank has a Tier 1 capital ratio of 22.18%, classifying it as "Well-Capitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's nonperforming loan ratio is 4.24%, and the return on assets is 2.93%.
Yes. Merrick Bank is FDIC-insured (Certificate #34519). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category — covering checking, savings, money market deposit accounts, and CDs. Even if a bank fails, insured depositors typically regain access to funds within two business days.
An C grade on our Bank Health Score means 55-69/100 — average across capital, loan quality, and profitability. The grade combines Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).
Merrick Bank's metrics are around average for the industry. There's no urgent action needed for FDIC-insured deposits, but it's worth monitoring quarterly updates. The FDIC's $250K-per-depositor insurance applies regardless of the bank's health.