Merrick Bank

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Deposit Rates - December 1, 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
0.80% $25,000 - Compare

Overview 2021

General Bank Information

FDIC Insured Yes
FDIC Certificate # 34519
Date Established 1997
Assets $ 4.35 billion
Loans $ 3.17 billion
Deposits $ 3.09 billion
Capital $ 1,207.20 million

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $ 788.76 million
Interest-bearing balances $ 776.57 million
Total securities $ 94.22 million
Federal funds sold and reverse repurchase $ 0.59 million
Net loans and leases $ 3.17 billion
Loan loss allowance $ 398.13 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 $ 288.92 million
     Total Assets $ 3.14 billion

LIABILITIES
Total deposits $ 3.09 billion
      Interest-bearing deposits $ 2.80 billion
      Deposits held in domestic offices $ 3.09 billion
      % insured (estimated) 96.84%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 48.56 millionn
      Total Liabilities $ 3.14 billion
      Shareholders’ Equity $ 1,207.20 million

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $ 382.76 million
Total Interest Expense $ 21.07 million
Net interest income $ 361.69 million
Provision for loan and lease losses $ 5.07 million
Total non interest income $ 82.90 million
Total non interest expense $ 133.39 million
Pre-tax Net Operating Income $ 306.14 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.

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