Merrick Bank
Major Rating Factors:
A current level of 12.3 percent of nonperforming loans to core capital combined with 16.5 percent from a year earlier contributes to the Weak asset quality (1.8). Operating profits as a percentage of assets at 2.3%, coupled with a return on assets of 1.8 has resulted in Excellent (7.2) profitability.
Other Rating Factors:
Excellent current capitalization (10.0 on a scale of 0 to 10) based on a risk-based capital ratio of 23.4 and a capital leverage ratio of 20.1. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (9.5 on a scale of 0 to 10).
Asset Mix:
Consumer loans (89%), cash (13%), securities (4%)
States with Branches:
UT
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
CardWorks, Inc.
Investment Rating
--
Address
10705 South Jordan Gateway
South Jordan, UT 84095
South Jordan, UT 84095
Phone Number
(801) 545-6600
Year Founded
FDIC Number
Website
Largest Affiliates
No affiliate information available.