Merrick Bank: Yields and Funding Costs
Data as of · Call Report Schedules RI and RC-K How we update
What the bank earns on its assets, what it pays for its funding, and the spread between them. Net interest margin is the output of the two: it is the engine of earnings for almost every commercial bank.
The largest change between Q1 2026 and Q2 2026 was in Net interest margin, which rose 0.25 percentage points to 16.83%. Merrick Bank ranks 5th of 44 Utah banks on net interest margin, in the upper half at 16.83% (Q2 2026). Against a median of 3.71% for banks in the $1B-10B asset tier, Merrick Bank reported 16.83% on net interest margin in Q2 2026, 13.12 points higher.
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 19.60% |
| Yield on loans | 21.31% |
| Yield on securities | 4.35% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 3.45% |
| Cost of interest-bearing deposits | 3.82% |
| Cost of interest-bearing liabilities | 3.84% |
| Cost of borrowings | 3.63% |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 16.83% |
| Yield to cost spread | 15.76% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $460.1M |
| Total interest expense | $66.3M |
| Interest expense on deposits | $66.0M |
Yields and Funding Costs trend
Last 12 quarters as filed. Every value plotted here also appears in the tables above.
Yields and Funding Costs by quarter
| Quarter | Yield on earning assets | Cost of funds | Net interest margin | Loans | Securities |
|---|---|---|---|---|---|
| Q3 2023 | 21.74% | 2.66% | 19.62% | 26.13% | 4.35% |
| Q4 2023 | 20.47% | 2.89% | 18.08% | 24.74% | 4.66% |
| Q1 2024 | 19.54% | 2.94% | 17.04% | 23.56% | 4.80% |
| Q2 2024 | 19.76% | 2.94% | 17.25% | 22.75% | 4.89% |
| Q3 2024 | 21.13% | 3.21% | 18.51% | 23.51% | 5.15% |
| Q4 2024 | 19.30% | 3.30% | 16.67% | 22.25% | 4.94% |
| Q1 2025 | 16.54% | 3.39% | 13.74% | 20.88% | 4.79% |
| Q2 2025 | 19.62% | 3.47% | 16.88% | 21.39% | 4.78% |
| Q3 2025 | 20.40% | 3.59% | 17.60% | 22.29% | 4.80% |
| Q4 2025 | 20.19% | 3.54% | 17.45% | 21.98% | 4.59% |
| Q1 2026 | 19.26% | 3.44% | 16.58% | 20.98% | 4.35% |
| Q2 2026 | 19.60% | 3.45% | 16.83% | 21.31% | 4.35% |
Merrick Bank yields and funding costs, all the way back
Yields and Funding Costs back to 2001 · peer percentiles on every line item · Excel export
Unlock Merrick Bank, freeSource: Call Report Schedules RI and RC-K, as filed with the FFIEC and standardized by BankRegReports. Dollar amounts are as reported, point-in-time; income statement items are year-to-date through the report date. See the full Merrick Bank profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 34519) · FFIEC NIC profile (RSSD 2615190)