Merrick Bank: Financial Reports & UBPR Data
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Data as of · sourced from FFIEC call reports. How we update
Merrick Bank runs leaner than most banks of its size. It reported $9.1 billion in assets at June 30, 2026, up 2.0% from a year earlier. It spends about 33 cents to bring in each dollar of revenue, lower than about 9 in 10 of the 895 banks with $1 billion to $10 billion in assets (median 58 cents). On the other hand, it pays an average of 3.45% on its deposits and borrowings, higher than about 9 in 10 banks its size (median 2.01%).
Deposits are coming in faster than loans: over the year loans rose 1.5% and deposits rose 5.9%. Problem loans, meaning loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 3.52% of loans from 3.38% a year earlier. Credit is the area to watch: it carries problem assets equal to 10.8% of the capital and reserves that would absorb them, about triple the median of 3.6% for banks its size.
As of June 30, 2026, Merrick Bank reported a CET1 capital ratio of 16.80%, a return on assets of 1.78%, a nonperforming-loan ratio of 1.25% and a Texas ratio of 10.80%, according to its call report filed with the FFIEC.
Headquarters Profile
- Address
- 10705 S Jordan Gtwy, South Jordan, UT 84095
- County
- Salt Lake
- Metro Area
- Salt Lake City-Murray, UT
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- San Francisco (Region 14)
- Federal Reserve member
- No
- Federal Reserve district
- District 12, San Francisco
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 041
- Established
- September 22, 1997
- Offices
- 1 domestic
- Employees (FTE)
- 471
- Domestic deposits
- $7.41B
- Allowance for credit losses
- $1.33B
- Net charge-offs (YTD)
- $504.2M
- Average total assets
- $9.18B
- Average total loans
- $8.64B
- Average interest-bearing deposits
- $7.30B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- No
- FDIC-insured since
- September 22, 1997
- FDIC Cert
- 34519
- Fed RSSD
- 2615190
- SEC CIK
- 1714129 → filed by CARDWORKS FINANCIAL GROUP
- Website
- http://www.merrickbank.com →
- Parent Holding Company
- CARDWORKS FINANCIAL GROUP (RSSD 4805810)
Profitability
Capital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Rows tagged YTD are fiscal year to date through June 30, 2026, as filed. Net income is tagged Q2 because it is that quarter's own figure, not a running total, so it cannot be compared with a YTD row.
Quarterly trends
Last 12 quarters from this bank's own FFIEC call reports. Dollar figures are the quarter's own amount: the income statement is filed year to date, so those lines are shown net of the preceding quarter.
Balances at each quarter end. The gap between the two lines is equity capital.
Balances at each quarter end. Loans rising toward deposits is the loan-to-deposit ratio tightening.
Balances at each quarter end. Each line is its own balance, not stacked on the other.
Each bar is that quarter alone. The gap between the two is net interest income.
What the balance sheet earned on spread that quarter, before fees and operating costs.
Fees, trading and other income against salaries, premises and the rest of the cost base.
What the bank charged to earnings that quarter to build its allowance for expected losses.
Net income for the quarter alone. The Call Report reports it year to date; this series converts it to the single quarter, so each bar covers three months.
CET1 is common equity tier 1 as a share of risk-weighted assets; the leverage ratio is tier 1 capital as a share of average total assets. A bank that files the community bank leverage ratio reports no CET1 ratio, so only its leverage line appears.
Inside the full Merrick Bank terminal
26 years of quarterly trends · 8 tabs · peer percentiles · Excel export
Unlock Merrick Bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Loans outstanding are at or above total deposits. The bank reports little borrowing or brokered funding, so the difference is carried mainly by equity and other liabilities. Worth watching if loan growth continues to outpace deposits. Industry heuristic, not a supervisory threshold.
Merrick Bank rankings
How this bank ranks on each leaderboard. Click any rank to see the full ranked list.
Ranked among banks that report this metric, so the total differs from card to card. The CET1 ranking leaves out community bank leverage ratio filers, which report no CET1 ratio.
Metric pages for Merrick Bank: Efficiency ratio.
Quarterly trend: last 8 quarters
Quarter-over-quarter movement in the five most-watched ratios. Sourced from the bank's own FFIEC call report filings.
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 16.80% | 1.78% | 1.25% | 13.14% | 16.83% |
| Q1 2026 | 17.81% | 3.24% | 1.27% | 14.08% | 16.58% |
| Q4 2025 | 20.09% | 1.60% | 0.73% | 11.82% | 17.45% |
| Q3 2025 | 20.10% | 1.54% | 0.76% | 11.12% | 17.60% |
| Q2 2025 | 20.17% | -0.92% | 1.10% | 12.00% | 16.88% |
| Q1 2025 | 30.77% | 2.41% | 1.27% | 10.03% | 13.74% |
| Q4 2024 | 22.00% | -0.90% | 1.27% | 13.91% | 16.67% |
| Q3 2024 | 24.28% | 3.75% | 1.39% | 13.71% | 18.51% |
Swipe the table sideways to see every column.
Branch Network
Every branch from the FDIC Summary of Deposits, listed with the deposits booked at each location. The FDIC's office count above also includes administrative and limited-service offices, so the two totals can differ. View the branch →
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Merrick Bank (main office) | South Jordan , UT | 84095 | $7.41B |
Regulatory record
What the public regulatory sources show for Merrick Bank, each with its period and source. These are facts as filed or published, not a rating or score. "Not on file" means we hold no record from that source, which is not the same as a clean record.
- Enforcement actions
- Not on file: no matched FDIC, Federal Reserve or OCC action
- Period: not on file. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 0.6% of deposits in UT, rank 17 of 65 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- Not on file: no HMDA filing matched
- Period: not on file. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- Not on file: no SBA 7(a) loans matched
- Period: not on file. Source: SBA 7(a) and 504 loan data (FOIA).
- Consumer complaints
- Not on file: no CFPB complaints matched
- Period: not on file. Source: CFPB consumer complaint database.
- CFPB enforcement
- Not on file: CFPB enforcement actions are not loaded
- Period: not on file. Source: CFPB enforcement actions.
- CRA examination rating
- Not on file: FFIEC CRA ratings are not loaded
- Period: not on file. Source: FFIEC CRA ratings.
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Frequently asked about Merrick Bank
What are Merrick Bank's total assets?
As of the Q2 2026 filing, Merrick Bank reported total assets of $9.13 billion in its FFIEC call report. All figures come directly from the bank's quarterly Schedule RC filing.
Where is Merrick Bank headquartered?
Merrick Bank is headquartered in South Jordan, UT, United States. It files quarterly FFIEC call reports, as every FDIC-insured commercial bank must.
When was Merrick Bank founded?
Merrick Bank was established in 1997, per the FDIC institution directory.
Is Merrick Bank FDIC-insured?
Yes. Merrick Bank is an FDIC-insured commercial bank (FDIC Certificate #34519). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Merrick Bank?
Merrick Bank's primary federal regulator is the FDIC. All FDIC-insured banks also report to the FDIC and, depending on charter, the Federal Reserve.
What is Merrick Bank's CET1 capital ratio?
Merrick Bank reported a Common Equity Tier 1 (CET1) capital ratio of 16.80% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Merrick Bank operate?
Merrick Bank operates 1 domestic office, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Merrick Bank's Texas Ratio?
Merrick Bank's Texas Ratio is 10.80% in its Q2 2026 call report, within the healthy range (under 25%). The Texas Ratio measures non-performing assets against the bank's capital and reserves; the glossary entry for the Texas Ratio carries the full definition.
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