Merit Bank
Major Rating Factors:
Excellent current capitalization (8.8 on a scale of 0 to 10) based on a risk-based capital ratio of 14.0 and a capital leverage ratio of 10.2. A current level of 1.9 percent of nonperforming loans to core capital combined with 1.3 percent from a year earlier contributes to the Excellent asset quality (7.9).
Other Rating Factors:
A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (5.2 on a scale of 0 to 10). Operating profits as a percentage of assets at 0.9%, coupled with a return on assets of 0.7 has resulted in Fair (3.6) profitability.
Asset Mix:
Comm re (29%), securities (26%), comm loans (15%), home mtgs (5%), cash (2%), home eq lns (2%), other (21%)
States with Branches:
AL
Asset Quality
Non-Performing Loans to Capital
Non-Performing Assets to Assets
Non-Performing Loans to Loans
Loan Loss Reserves to Loans
Charge-Offs to Average Loans
5-Year Charge-Offs to Average Loans
5-Year Asset Growth
1-Year Asset Growth
Profitability
Operating Profit to Average Assets
Return on Equity
Net Interest Spread
5-Year ROAA (Return on Average Assets)
Overhead Efficiency Ratio
Corporate Info
Group Affiliation
Merit Intermediate Holdings, LLC
Investment Rating
--
Address
3810 Governors Drive NW
Huntsville, AL 35805
Huntsville, AL 35805
Phone Number
(256) 692-8700
Year Founded
1935
FDIC Number
Website
Largest Affiliates
No affiliate information available.