Merrick Bank
South Jordan, UT·RSSD 2615190·FDIC 34519·bank:2615190·Risk-based ratios where reported
- #14 of 45Total assets in Utah
- Top 4%Total assets in the U.S.
- 1offices
- 471employees
- #6 of 3,712Net interest margin in the U.S.
- Top 2%Efficiency in the U.S.
- Top 3%Fee income vs. peers
Performance over time
23 available quarters · Gaps indicate missing data · Reported period-end total assets; consolidated for FFIEC 031.
Inside the balance sheet
FDIC reported categories · Shares of reported gross loans. Missing components are not treated as zero.
What stands out at Merrick Bank
5 of 23 FORFI signals stand out against 271 similar banks, based on FDIC data for the quarter.
Deposit costs among the highest of similar banksWorth a look: Funding 2nd quarter3.64%peers 1.99%+165 bps
Merrick Bank's cost of all deposits was 3.64%, compared with a median of 1.99% among 263 similar banks: higher than 98% of them.
| This institution | Peer median | Difference |
|---|---|---|
| Cost of all deposits | ||
| 3.64% | 1.99% | +165 bps |
FORFI flags a change when an institution sits in the outer tail of similar institutions and the gap is large enough to matter. Peers: 271 banks with $3 billion to $10 billion in assets that filed FDIC data for the same quarter. Merrick Bank itself is left out of every peer median and percentile. How signals work
Leverage capital ratio falling while the peer median risesWorth a look: Capital 2nd quarter16.59%peers 10.42%+6.2 pp
Merrick Bank's leverage ratio fell 3.1 percentage points over the past year to 16.59%. Among 270 similar banks, the median rose 0.2 percentage points.
| This institution | Peer median | Difference |
|---|---|---|
| Leverage ratio | ||
| 16.59% | 10.42% | +6.2 pp |
| 12-month change | ||
| -3.1 pp | +0.2 pp | -3.3 pp |
FORFI flags a change when an institution sits in the outer tail of similar institutions and the gap is large enough to matter. Peers: 271 banks with $3 billion to $10 billion in assets that filed FDIC data for the same quarter. Merrick Bank itself is left out of every peer median and percentile. How signals work
Return on assets rising faster than peersStrength: Earnings 2nd quarter1.82%peers 1.39%+43 bps
Merrick Bank's annualized return on assets rose 275 bps over the past year to 1.82%. Among 264 similar banks, the median rose 16 bps.
| This institution | Peer median | Difference |
|---|---|---|
| Annualized return on assets | ||
| 1.82% | 1.39% | +43 bps |
| 12-month change | ||
| +275 bps | +16 bps | +259 bps |
FORFI flags a change when an institution sits in the outer tail of similar institutions and the gap is large enough to matter. Peers: 271 banks with $3 billion to $10 billion in assets that filed FDIC data for the same quarter. Merrick Bank itself is left out of every peer median and percentile. How signals work
Net charge-offs falling while the peer median holds steadyStrength: Asset quality 2nd quarter11.39%peers 0.05%+1135 bps
Merrick Bank's annualized net charge-off rate fell 135 bps over the past year to 11.39%. Among 261 similar banks, the median was essentially unchanged.
| This institution | Peer median | Difference |
|---|---|---|
| Annualized net charge-off rate | ||
| 11.39% | 0.05% | +1135 bps |
| 12-month change | ||
| -135 bps | 0 bps | -135 bps |
FORFI flags a change when an institution sits in the outer tail of similar institutions and the gap is large enough to matter. Peers: 271 banks with $3 billion to $10 billion in assets that filed FDIC data for the same quarter. Merrick Bank itself is left out of every peer median and percentile. How signals work
1 more observation
- Fee and other noninterest income among the highest of similar banksEarnings
Key facts
- Merrick Bank is a bank headquartered in South Jordan, Utah. It reported $9.1 billion in total assets for the quarter ended June 30, 2026.
- Deposits totaled $7.4 billion, up 5.9% from a year earlier, and loans totaled $8.7 billion, up 1.5%.
- Its net interest margin was 19.77% and its annualized return on assets was 1.82% for the quarter.
- Its cost of all deposits was 3.64%, compared with a median of 1.99% among 263 similar banks with $3 billion to $10 billion in assets.
Scorecard against peers
Capitalization
Liquidity & funding
Margin & yield
Income & expense
Asset quality
Charge-offs & allowance
Arrows show whether the value sits above or below the peer median. Colour shows whether that side is favourable for the measure: green favourable, red unfavourable, grey where neither side is (for example, a lower loan-to-core-deposit ratio is favourable, so a negative gap is green). Peer medians cover the same source, form, period, institution type and asset band, and count this institution in its own cohort. The peer line on every chart reads the same cohort. Regulatory definitions differ from FORFI quarterly estimates.
Watch items
Screening prompts computed from this filing only. Thresholds follow common review conventions and interagency concentration references; they are not supervisory ratings or predictions.
Public filings show what changed. Internal data shows why.
With Merrick Bank's own data, FORFI would look at: Which depositors and relationships drive the change in funding, and what to offer them next.
Analysis workspaces
Sources and identifiers
- Institution
- Merrick Bank · Bank
- Federal Reserve RSSD
- 2615190
- FDIC certificate
- 34519
- Reporting period
- Peer group
- 271 banks with $3 billion to $10 billion in assets that filed FDIC data for the same quarter. Merrick Bank itself is left out of every peer median and percentile.
Figures are FORFI calculations from public regulatory filings, shown as reported. Signals are descriptive screening rules, not supervisory ratings, credit opinions or forecasts. Methodology
Income & calculation basis
FDIC · 2026-04-01 through 2026-06-30 · Annualization factor 4.010989 applies to ROA and margin only.
| Measure | FORFI calculation | FDIC published reference |
|---|---|---|
| $40.89M | — | |
| $469.3M | — | |
| $66.34M | — | |
| $402.96M | — | |
| $71.93M | — | |
| $163.39M | — | |
| $255.38M | — | |
| $257.49M | — | |
| 1.82% | 1.81%ROAQ · Quarter | |
| 19.77% | 19.72%NIMYQ · Quarter | |
| 34.40% | 33.24%EEFFQR · adjusted · Quarter |
Credit-quality reconciliation · Source components agree. NALNLS (nonaccrual) + P9LNLS (90+ days accruing) = NCLNLS (noncurrent).
How to interpret differences
Flows cover the selected income window. Balance-sheet amounts, members and staffing are as of the filing date.
Published FDIC references use the regulator's own averaging, annualization and adjustments; the convention selector changes FORFI calculations only. Source-provided averages are used when available; endpoint fallbacks are labeled estimates.
Missing inputs remain unavailable. Credit-union margins use average assets and are not comparable with bank margins over earning assets.
AFS + HTM securities exclude deposits at other institutions. Broader investment totals may overlap cash; do not add them to cash without reconciling components.
Regulatory source definitionsFiling imported 2026-09-25T00:32:31.073937+00:00. Separate reference provenance is included in the export.