TellerScore

Headquartered in South Jordan, Utah, Merrick Bank is a state-chartered bank with $9.1B in total assets and $7.4B in deposits as of Q2 2026. It operates 1 office. Its charter dates back to 1997.

Based on its Q2 2026 filing, Merrick Bank scores 67/100, which we describe as moderate. That is higher than only 44% of 897 banks with $1 billion – $10 billion. Among 45 banks headquartered in Utah, it ranks 34th. Its strongest component is capital cushion (100/100; 16.59%), and its lowest is loan quality (0/100; 3.52%).

TellerScore · Q2 2026

Scorecard

Capital cushion100/100
Tier 1 leverage ratio: 16.59%
Loan quality0/100
Noncurrent loans ÷ total loans: 3.52%
Earnings100/100
Return on assets (annualized): 2.55%
Funding & liquidity61/100
Loans ÷ deposits and uninsured-deposit share: 99.1% · 4.8% uninsured
Problem-loan coverage79/100
"Texas ratio": (noncurrent loans + foreclosed property) ÷ (equity + loan-loss reserves): 10.38%

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 11 points (56 → 67), mostly because the earnings component improved by 54 points.

TellerScore
566472Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterTellerScore
Q2 202468
Q3 202467
Q4 202466
Q1 202572
Q2 202556
Q3 202558
Q4 202559
Q1 202666
Q2 202667
Tier 1 leverage ratio
5.00%14.66%24.33%well-capitalized benchmarkQ2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterTier 1 leverage ratio
Q2 202422.23%
Q3 202422.76%
Q4 202420.11%
Q1 202524.33%
Q2 202519.66%
Q3 202519.44%
Q4 202519.34%
Q1 202617.11%
Q2 202616.59%
Noncurrent loans
3.38%3.97%4.56%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterNoncurrent loans
Q2 20244.24%
Q3 20244.56%
Q4 20244.42%
Q1 20253.96%
Q2 20253.38%
Q3 20253.62%
Q4 20253.93%
Q1 20263.93%
Q2 20263.52%
Return on assets
0.64%1.97%3.31%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterReturn on assets
Q2 20242.20%
Q3 20242.70%
Q4 20241.74%
Q1 20252.41%
Q2 20250.64%
Q3 20250.98%
Q4 20251.16%
Q1 20263.31%
Q2 20262.55%
Quarter-by-quarter figures
QuarterScoreAssetsCapitalProblem loansROALoans/deposits
Q2 202667$9.1B16.59%3.52%2.55%99.1%
Q1 202666$8.9B17.11%3.93%3.31%102.3%
Q4 202559$9.3B19.34%3.93%1.16%104.3%
Q3 202558$9.1B19.44%3.62%0.98%105.8%
Q2 202556$9.0B19.66%3.38%0.64%104.5%
Q1 202572$8.9B24.33%3.96%2.41%71.7%
Q4 202466$6.7B20.11%4.42%1.74%92.7%
Q3 202467$5.9B22.76%4.56%2.70%99.0%
Q2 202468$6.1B22.23%4.24%2.20%93.0%

897 peers · $1 billion – $10 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).

Capital ratio16.59%
96th
Total risk-based capital18.21%
87th
Problem loans3.52%
3rd
Net charge-offs11.54%
0th
Return on assets2.55%
96th
Net interest margin19.58%
100th
Efficiency ratio32.4%
96th
Loans to deposits99.1%
16th
Uninsured deposits4.8%
98th
Loan-loss reserves15.37%
100th
Texas ratio10.4%
15th

Similar-size banks in Utah

InstitutionScoreAssetsCapitalProblem loansCompare
Green Dot Bank DBA Bonneville BankBank Provo, UT53 out of 100, Below average$5.4B8.6%3.56%vs
Celtic BankBank Salt Lake City, UT64 out of 100, Moderate$5.3B18.0%3.63%vs
Sunwest BankBank Sandy, UT63 out of 100, Moderate$4.4B9.7%0.60%vs
Bank of UtahBank Ogden, UT75 out of 100, Strong$3.8B12.7%0.15%vs
Cache Valley BankBank Logan, UT73 out of 100, Strong$3.5B10.7%0.29%vs
Nelnet BankBank Draper, UT74 out of 100, Strong$3.0B15.9%2.17%vs

Deposit insurance

Is my money safe at Merrick Bank?

Yes. Merrick Bank is an FDIC-insured institution (FDIC certificate #34519). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.

An estimated 4.8% of deposits ($352.8M) are above the $250,000 FDIC insurance limit, below the peer median of 31%. Insured balances are protected regardless of the score.

The tier 1 leverage ratio is 16.59%, well above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 18.21% (benchmark: 10%).

Check how much of your own balance is covered

1 location

Branches

Merrick Bank lists 1 office in 1 city. Most locations:

All branch addresses and map

CFPB TCCP survey · December 31, 2025

Credit card terms

CardPurchase APRAnnual feeLate feeForeign fee
Ollo Everyday Rewards Mastercard24.49% – 29.99%$39$290.0%
Ollo Platinum Mastercard22.49% – 29.99%$0$290.0%
Ollo Rewards+ for Educators Mastercard24.49% – 28.99%$0$290.0%
Ollo Rewards+ for Nurses Mastercard24.49% – 28.99%$0$290.0%
Ollo Select Rewards Mastercard29.49% – 29.74%$0$290.0%
Secured Card21.95% – 22.70%$36$292.0%
Unsecured29.95% – 34.70%$48$292.0%
Unsecured DYL29.95% – 34.70%$48$292.0%

All Merrick Bank card terms

Identity & history

Profile

Legal name
Merrick Bank
Former names
Merrick Financial Corporation (Merrick)
Type
State-chartered bank
FDIC certificate #
34519
RSSD ID
2615190
Primary regulator
FDIC
Established
September 22, 1997
Headquarters
10705 S Jordan Gtwy, South Jordan, UT 84095
Employees
471

Quick answers

Merrick Bank: common questions

Is Merrick Bank FDIC insured?

Yes. Merrick Bank is an FDIC-insured institution (FDIC certificate #34519). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.

What is Merrick Bank's TellerScore?

67 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 Merrick Bank ever failed?

There is no failure record for FDIC certificate #34519 in the FDIC failed bank list.

How many branches does Merrick Bank have?

1 office as of the latest FDIC data.

Nearby

Highest-scoring banks and credit unions with branches near South Jordan

InstitutionScoreAssetsCapitalProblem loansCompare
Uintah Credit UnionCredit union Vernal, UT100 out of 100, Very strong$3.9M21.3%0.00%vs
Optum Bank, Inc.Bank Draper, UT93 out of 100, Very strong$21.4B13.2%0.21%vs
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