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 - May 27, 2024

CD RATES APY MIN
6 Mo CD
5.25% $25,000 Compare
18 Mo CD
4.65% $25,000 Compare
36 Mo CD
4.20% $25,000 Compare
48 Mo CD
4.10% $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 $ 6.22 billion
Loans $ 4.03 billion
Deposits $ 4.98 billion
Capital $ 1,149.98 million

Summary Balance Sheet as of June 30, 2023

ASSETS
Cash & Balances due from depository institutions $ 1,150.55 million
Interest-bearing balances $ 1,125.76 million
Total securities $ 186.73 million
Federal funds sold and reverse repurchase $ 0.39 million
Net loans and leases $ 4.03 billion
Loan loss allowance $ 963.06 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 $ 5.07 billion

LIABILITIES
Total deposits $ 4.98 billion
      Interest-bearing deposits $ 4.32 billion
      Deposits held in domestic offices $ 4.98 billion
      % insured (estimated) 82.08%
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 $ 5.07 billion
      Shareholders’ Equity $ 1,149.98 million

Summary Income Statement as of June 30, 2023

INCOME AND EXPENSES
Total Interest Income $ 1,279.22 million
Total Interest Expense $ 127.79 million
Net interest income $ 1,151.44 million
Provision for loan and lease losses $ 666.66 million
Total non interest income $ 201.52 million
Total non interest expense $ 392.21 million
Pre-tax Net Operating Income $ 122.79 million

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Branches

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Merrick Bank Locations