Merit Bank
Major Rating Factors:
Excellent current capitalization (9.8 on a scale of 0 to 10) based on a risk-based capital ratio of 12.8 and a capital leverage ratio of 10.9. A current level of 1.9 percent of nonperforming loans to core capital combined with 1.5 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 (5.3 on a scale of 0 to 10). Operating profits as a percentage of assets at 0.7%, coupled with a return on assets of 0.6 has resulted in Fair (3.2) profitability.
Asset Mix:
Comm re (29%), securities (25%), comm loans (14%), cash (5%), home mtgs (4%), home eq lns (2%), other (20%)
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.