Merit Bank
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Data as of · sourced from FFIEC call reports. How we update
Merit Bank is an FDIC-insured commercial bank headquartered in Huntsville, AL, established in 1935 (FDIC certificate 15270), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $581.6M, up 26.6% from Q2 2025, the 28th largest of 93 banks headquartered in Alabama. Its CET1 capital ratio was 12.23% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 15270
- Headquarters
- Huntsville, AL
- Established
- 1935
- Total assets, Q2 2026
- $581.6M
- Assets vs Q2 2025
- +26.6%
- CET1 ratio, Q2 2026
- 12.23%
- Domestic offices
- 1 FDIC institution directory, current count
- Routing number
- 062206813
- Holding company
- MERIT BANCORPORATION, INC.
- Asset rank in state
- 28th of 93 in Alabama
Merit Bank is growing quickly. It reported $582 million in assets at June 30, 2026, up 26.6% from a year earlier. It grew its loan book 27.7% over the year, 5.1 times the median of 5.5% for the 2,660 banks with $100 million to $1 billion in assets. It also pays an average of 2.69% on its deposits and borrowings, higher than about three-quarters of banks its size (median 1.80%).
Earnings jumped: net income for the quarter was $1.5 million, 44% above the same quarter a year earlier. Over the same year, loans grew 27.7% and deposits grew 16.2%. Where it has less room is capital: it holds common equity equal to 12.23% of its risk-weighted assets, lower than about three-quarters of banks its size (median 15.12%).
As of June 30, 2026, Merit Bank reported a CET1 capital ratio of 12.23%, a return on assets of 1.07%, a nonperforming-loan ratio of 0.00% and a Texas ratio of 0.40%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Merit Bank is the 28th largest of the 93 banks headquartered in Alabama. Between Q1 2026 and Q2 2026, its total assets rose 10.8% to $581.6M, loans rose 12.2% and deposits rose 0.6%. Non-owner-occupied commercial real estate loans made up 22.9% of its total loans on June 30, 2026, its largest category; next came owner-occupied commercial real estate loans at 22.0%. The FDIC Summary of Deposits lists a single office for it, in Huntsville, AL. By the capital ratios in its Q2 2026 call report, Merit Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 3810 Governors Drive Nw, Huntsville, AL 35805
- County
- Madison
- Metro Area
- Huntsville, AL
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Atlanta (Region 5)
- Federal Reserve member
- No
- Federal Reserve district
- District 6, Atlanta
- Fiduciary (trust) powers
- Limited trust powers granted
- Call Report form
- FFIEC 051
- Established
- August 12, 1935
- Domestic offices
- 1 FDIC institution directory, current count
- Employees (FTE)
- 46
- Domestic deposits
- $446.6M
- Allowance for credit losses
- $3.8M
- Net charge-offs (YTD)
- $250K
- Average total assets
- $550.0M
- Average total loans
- $379.0M
- Average interest-bearing deposits
- $342.3M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- August 21, 1935
- FDIC Cert
- 15270
- Fed RSSD
- 290838
- SEC CIK
- 1776315 → filed by MERIT HOLDINGS LLC
- Website
- https://www.meritbank.com →
- Parent Holding Company
- MERIT BANCORPORATION, INC. (RSSD 1417191)
- Ultimate Parent
- MERIT HOLDINGS LLC (RSSD 5335378)
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, Merit Bank's total assets ran between $337.3M (Q3 2023) and $581.6M (Q2 2026), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$581.6M total assets against $459.5M; $527.5M total liabilities against $420.4M.
$396.4M net loans and leases against $310.3M; $446.6M total deposits against $384.4M.
$134.7M securities against $119.2M; $24.6M cash and balances due against $21.4M.
$7.9M total interest income against $6.9M; $3.4M total interest expense against $3.5M.
$4.6M net interest income against $3.4M.
$654K total noninterest income against $1.9M; $2.9M total noninterest expense against $3.1M.
$476K provision for credit losses against $1.1M.
$1.5M net income against $1.0M.
1.07% return on assets against 0.89%; 3.55% net interest margin against 3.05%.
12.23% CET1 capital ratio against 11.71%; 9.70% tier 1 leverage ratio against 8.68%.
Inside the full Merit Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this 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.
Commercial real estate loans are between 200% and 300% of total capital, approaching the 2006 interagency guidance threshold of 300% that triggers heightened supervisory attention. BankRegReports early-warning band below the 300% guidance.
Merit Bank rankings
Its closest position to the top of a national ranking is 1,114 of 3,606, for efficiency ratio; its furthest is 3,013 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.33% (Q4 2024) to 1.07% (Q2 2026) and its net interest margin ran from 2.68% (Q3 2024) to 3.82% (Q4 2025).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 12.23% | 1.07% | 0.00% | 0.40% | 3.55% |
| Q1 2026 | 11.49% | 0.97% | 0.00% | 1.44% | 3.44% |
| Q4 2025 | 13.01% | 0.81% | 0.29% | 1.89% | 3.82% |
| Q3 2025 | 12.00% | 0.44% | 0.32% | 1.95% | 2.98% |
| Q2 2025 | 11.71% | 0.89% | 0.32% | 2.41% | 3.05% |
| Q1 2025 | 9.93% | 0.47% | 0.17% | 1.24% | 2.79% |
| Q4 2024 | — | 0.33% | 0.17% | 1.31% | 3.06% |
| Q3 2024 | — | 0.40% | 0.21% | 1.46% | 2.68% |
Swipe the table sideways to see every column.
Branch Network
View the branch → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Merit Bank (main office) | Huntsville , AL | 35805 | $446.6M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.3% of deposits in AL, rank 44 of 131 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 64 applications, 60 loans originated, $19.7M originated, across 3 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- Not on file
- Enforcement actions, SBA 7(a) lending, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Merit Bank
What are Merit Bank's total assets?
As of the Q2 2026 filing, Merit Bank reported total assets of $581.6 million in its FFIEC call report.
Where is Merit Bank headquartered?
It is headquartered in Huntsville, AL, United States.
When was Merit Bank founded?
It was established in 1935, per the FDIC institution directory.
Is Merit Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #15270). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Merit Bank?
Merit Bank's primary federal regulator is the FDIC.
What is Merit Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 12.23% in its Q2 2026 call report, above regulatory requirements.
How many branches does Merit Bank operate?
It 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 Merit Bank's Texas Ratio?
Its Texas Ratio is 0.40% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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