Headquartered in Huntsville, Alabama, Merit Bank is a state-chartered bank with $581.6M in total assets and $446.6M in deposits as of Q2 2026. It operates 1 office. Its charter dates back to 1935.
Merit Bank has a TellerScore of 64 out of 100 (moderate) based on Q2 2026 data — higher than only 26% of its 2,650 banks with $100 million – $1 billion. Among 93 banks headquartered in Alabama, it ranks 67th. Loan quality contributes the most (100/100, 0.00%); funding & liquidity contributes the least (23/100, 89% loans-to-deposits, 59% uninsured).
TellerScore · Q2 2026
Scorecard
The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.
9 quarters
Health trend
From Q2 2025 to Q2 2026, the score rose 7 points (57 → 64), mostly because the earnings component improved by 13 points.
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 59 |
| Q3 2024 | 57 |
| Q4 2024 | 56 |
| Q1 2025 | 59 |
| Q2 2025 | 57 |
| Q3 2025 | 64 |
| Q4 2025 | 61 |
| Q1 2026 | 66 |
| Q2 2026 | 64 |
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| Quarter | Tier 1 leverage ratio |
|---|---|
| Q2 2024 | 9.56% |
| Q3 2024 | 8.92% |
| Q4 2024 | 8.86% |
| Q1 2025 | 8.92% |
| Q2 2025 | 8.68% |
| Q3 2025 | 10.85% |
| Q4 2025 | 10.21% |
| Q1 2026 | 10.12% |
| Q2 2026 | 9.70% |
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| Quarter | Noncurrent loans |
|---|---|
| Q2 2024 | 0.22% |
| Q3 2024 | 0.21% |
| Q4 2024 | 0.17% |
| Q1 2025 | 0.17% |
| Q2 2025 | 0.32% |
| Q3 2025 | 0.32% |
| Q4 2025 | 0.29% |
| Q1 2026 | 0.00% |
| Q2 2026 | 0.00% |
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| Quarter | Return on assets |
|---|---|
| Q2 2024 | 0.29% |
| Q3 2024 | 0.33% |
| Q4 2024 | 0.33% |
| Q1 2025 | 0.46% |
| Q2 2025 | 0.68% |
| Q3 2025 | 0.60% |
| Q4 2025 | 0.66% |
| Q1 2026 | 0.97% |
| Q2 2026 | 1.01% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 64 | $581.6M | 9.70% | 0.00% | 1.01% | 88.7% |
| Q1 2026 | 66 | $524.8M | 10.12% | 0.00% | 0.97% | 79.6% |
| Q4 2025 | 61 | $509.7M | 10.21% | 0.29% | 0.66% | 84.7% |
| Q3 2025 | 64 | $479.0M | 10.85% | 0.32% | 0.60% | 78.5% |
| Q2 2025 | 57 | $459.5M | 8.68% | 0.32% | 0.68% | 80.7% |
| Q1 2025 | 59 | $453.7M | 8.92% | 0.17% | 0.46% | 75.7% |
| Q4 2024 | 56 | $433.5M | 8.86% | 0.17% | 0.33% | 84.4% |
| Q3 2024 | 57 | $434.1M | 8.92% | 0.21% | 0.33% | 76.9% |
| Q2 2024 | 59 | $406.8M | 9.56% | 0.22% | 0.29% | 80.4% |
2,650 peers · $100 million – $1 billion
How it compares with peers
Percentile against banks of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).
Similar-size banks in Alabama
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| The Hometown Bank of AlabamaBank Oneonta, AL | 57 out of 100, Moderate | $660.7M | 11.1% | 2.03% | vs |
| CCB Community BankBank Andalusia, AL | 79 out of 100, Strong | $661.9M | 10.5% | 0.19% | vs |
| EvaBankBank Eva, AL | 78 out of 100, Strong | $490.6M | 27.8% | 1.61% | vs |
| Peoples Independent BankBank Boaz, AL | 75 out of 100, Strong | $485.7M | 9.4% | 0.30% | vs |
| First Southern BankBank Florence, AL | 18 out of 100, Low | $679.2M | 8.9% | 10.86% | vs |
| First Community Bank of Central AlabamaBank Wetumpka, AL | 74 out of 100, Strong | $694.3M | 8.6% | 0.10% | vs |
Deposit insurance
Is my money safe at Merit Bank?
Yes. Merit Bank is an FDIC-insured institution (FDIC certificate #15270). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
An estimated 58.7% of deposits ($262.4M) are above the $250,000 FDIC insurance limit, above the peer median of 24%. Insured balances are protected regardless of the score.
The tier 1 leverage ratio is 9.70%, above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 13.16% (benchmark: 10%).
1 location
Branches
Merit Bank lists 1 office in 1 city. Most locations:
- Huntsville, AL (1)
HMDA 2025
Mortgage lending
In 2025, Merit Bank reported 64 home-loan applications under HMDA (LEI 549300XQM4M89ZBZLQ02): 60 originated ($19,720,000 total), 1 denied, and 3 withdrawn or closed by the applicant. Its denial rate on decided applications was 1.6%, compared with 22.2% for all lenders nationwide.
Denial rates depend heavily on loan type and applicant mix and are not a measure of fairness or of your own odds.
Identity & history
Profile
- Legal name
- Merit Bank
- Former names
- The Citizens Bank of Valley Head
- Type
- State-chartered bank
- FDIC certificate #
- 15270
- RSSD ID
- 290838
- Primary regulator
- FDIC
- Holding company
- Merit Holdings Llc
- Established
- August 12, 1935
- Headquarters
- 3810 Governors Drive Nw, Huntsville, AL 35805
- Website
- www.meritbank.com
- Employees
- 46
Quick answers
Merit Bank: common questions
Is Merit Bank FDIC insured?
Yes. Merit Bank is an FDIC-insured institution (FDIC certificate #15270). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
What is Merit Bank's TellerScore?
64 out of 100 (Moderate), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.
Has Merit Bank ever failed?
There is no failure record for FDIC certificate #15270 in the FDIC failed bank list.
How many branches does Merit Bank have?
1 office as of the latest FDIC data.
Nearby
Highest-scoring banks and credit unions with branches near Huntsville
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Family Security Credit UnionCredit union Decatur, AL | 95 out of 100, Very strong | $1.1B | 19.9% | 0.61% | vs |
| First Jackson Bank, Inc.Bank Stevenson, AL | 93 out of 100, Very strong | $444.3M | 14.8% | 0.08% | vs |
| First State Bank of the South, Inc.Bank Sulligent, AL | 89 out of 100, Very strong | $130.7M | 16.4% | 0.24% | vs |
| First State Bank of DeKalb CountyBank Fort Payne, AL | 86 out of 100, Very strong | $353.8M | 14.1% | 0.84% | vs |
| Redstone Federal Credit UnionCredit union Huntsville, AL | 85 out of 100, Very strong | $8.6B | 13.9% | 0.70% | vs |
| First Metro BankBank Muscle Shoals, AL | 84 out of 100, Strong | $1.0B | 13.0% | 0.13% | vs |