Merrick Bank

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Deposit Rates - April 20, 2021

CD RATES APY MIN MAX
6 Mo CD
0.40% $25,000 - Compare
12 Mo CD
0.65% $25,000 - Compare
18 Mo CD
0.65% $25,000 - Compare
24 Mo CD
0.71% $25,000 - Compare

Overview 2021

General Bank Information

FDIC Insured Yes
FDIC Certificate # 34519
Date Established 1997
Assets $ 4.44 billion
Loans $ 3.21 billion
Deposits $ 3.31 billion
Capital $ 1,076.72 million

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $ 848.92 million
Interest-bearing balances $ 833.86 million
Total securities $ 113.96 million
Federal funds sold and reverse repurchase $ 0.78 million
Net loans and leases $ 3.21 billion
Loan loss allowance $ 502.95 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 $ 267.20 million
     Total Assets $ 3.36 billion

LIABILITIES
Total deposits $ 3.31 billion
      Interest-bearing deposits $ 3.07 billion
      Deposits held in domestic offices $ 3.31 billion
      % insured (estimated) 97.27%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 52.47 millionn
      Total Liabilities $ 3.36 billion
      Shareholders’ Equity $ 1,076.72 million

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $ 817.53 million
Total Interest Expense $ 56.26 million
Net interest income $ 761.28 million
Provision for loan and lease losses $ 305.73 million
Total non interest income $ 151.47 million
Total non interest expense $ 253.46 million
Pre-tax Net Operating Income $ 353.56 million

Merrick Bank is an FDIC insured institution headquartered at 10705 South Jordan Gateway, Suite 200, South Jordan, UT 84095.
It was founded in 1997 and has approximately $4 billion in assets. Customers can open an account at one of its 1 branches.