Banks | Merrick Bank

Merrick Bank


Merrick Bank is an FDIC insured institution headquartered at 10705 S Jordan Gtwy, South Jordan, UT 84095.
It was founded in 1997 and has approximately $6 billion in assets. Customers can open an account at one of its 1 branches.

Deposit Rates - December 22, 2024

CD RATES APY MIN
6 Mo CD
4.45% $25,000 Compare
9 Mo CD
4.40% $25,000 Compare
18 Mo CD
4.25% $25,000 Compare
36 Mo CD
4.15% $25,000 Compare
48 Mo CD
4.05% $25,000 Compare
60 Mo CD
4.05% $25,000 Compare

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 34519
Date Established 1997
Assets $ 6.07 billion
Loans $ 4.44 billion
Deposits $ 4.77 billion
Capital $ 1,209.71 million

Summary Balance Sheet as of March 31, 2024

ASSETS
Cash & Balances due from depository institutions $ 544.95 million
Interest-bearing balances $ 511.71 million
Total securities $ 208.78 million
Federal funds sold and reverse repurchase $ 0.36 million
Net loans and leases $ 4.44 billion
Loan loss allowance $ 911.32 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 402.74 million
     Total Assets $ 4.86 billion

LIABILITIES
Total deposits $ 4.77 billion
      Interest-bearing deposits $ 4.07 billion
      Deposits held in domestic offices $ 4.77 billion
      % insured (estimated) 83.99%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 60.54 millionn
      Total Liabilities $ 4.86 billion
      Shareholders’ Equity $ 1,209.71 million

Summary Income Statement as of March 31, 2024

INCOME AND EXPENSES
Total Interest Income $ 613.89 million
Total Interest Expense $ 78.29 million
Net interest income $ 535.60 million
Provision for loan and lease losses $ 347.36 million
Total non interest income $ 94.65 million
Total non interest expense $ 193.77 million
Pre-tax Net Operating Income $ 122.79 million

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