Merit Bank
Major Rating Factors:
A current level of 0.0 percent of nonperforming loans to core capital combined with 2.4 percent from a year earlier contributes to the Excellent asset quality (8.2). Excellent current capitalization (8.1 on a scale of 0 to 10) based on a risk-based capital ratio of 13.2 and a capital leverage ratio of 9.7.
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 (5.6 on a scale of 0 to 10). Operating profits as a percentage of assets at 1.3%, coupled with a return on assets of 1.0 has resulted in Fair (4.6) profitability.
Asset Mix:
Comm re (31%), securities (23%), comm loans (13%), home mtgs (10%), cash (4%), home eq lns (3%), other (16%)
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 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
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