Merit Bank
Huntsville, AL
IDRSSD: 290838
Total Assets
$510.02M
Latest filing
Total Deposits
$413.08M
Latest filing
Net Interest Margin
3.77%
Profitability
Routing numbers
Primary routing transit numbers associated with this institution.
2 routesView all→
062205597HUNTSVILLE, AL062206813HUNTSVILLE, AL
Key People
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Locations
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Main Office
Merit Bank
3810 Governors Drive Nw
Huntsville, AL 35805
Full Service - Brick and Mortar
Updated 01/30/2026Established 08/12/1935FDIC Certificate 9615
Branches (0)
Page 1 of 1| Name | Address | City / State | ||
|---|---|---|---|---|
| No branch data available. | ||||
| Merit Bank (Main) | 3810 Governors Drive Nw | Huntsville, AL | ||
Quarterly Trends
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Total Assets vs Total Liabilities
Loans & Leases vs Deposits
Interest Income vs Expense
Net Interest Income
Noninterest Expense vs Income
Net Income
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Institution Profile
| Institution Class | Commercial bank, state charter, Fed non-member, and supervised by the FDIC |
| Primary Regulator | FDIC |
| Established Date | 08/12/1935 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 35805 |
| State and County Number | 01089 |
| Subchapter S Corporations | No |
| Trust Powers | Limited Trust Powers Granted |
| Federal Reserve ID Number | 06 |
| Numeric code | 21 |
| Insured by FDIC | Institutions that are currently open and insured by the FDIC |
| Federal Reserve District | Atlanta |
| Core Based Statistical Area Name | Huntsville, AL |
Operational Info
| Number of Employees | 46 |
| Domestic Offices | 1 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 06/13/2025 |
| Date of Deposit Insurance | 08/21/1935 |
| Primary Insurance Agency | DIF |
| Website | https://www.meritbank.com |
| Data Updated | 01/30/2026 |
| CERT | 15270 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $510.02M |
| Total Deposits | $413.08M |
| Total Liabilities | $458.63M |
| Total Equity Capital | $51.38M |
| Net Income | $1.15M |
| Net Loans and Leases | $349.73M |
| Assets Per Employee ($Millions) | $11.09M |
| Bank Premises and Fixed Assets | $6.41M |
| Cash and Balances due from Depository Institutions | $12.21M |
| Deposits Held in Domestic Offices | $413.08M |
Key Performance Ratios
| Return on Assets (ROA) | 0.93% |
| Return on Equity (ROE) | 9.04% |
| Net Interest Margin | 3.77% |
| Efficiency Ratio | 59.06% |
| Tier 1 Risk-Based Capital Ratio | 13.034% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0.44% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 10.074% |
| Earning Assets to total Assets | 97.27% |
Income and Expense
| Total Interest Income | $7.87M |
| Total Noninterest Income | $273.00k |
| Total Interest Expense | $3.31M |
| Total Noninterest Expense | $2.87M |
| Net Interest Income | $4.56M |
| Pre-tax Net Operating Income | $1.42M |
| Provision for Credit Losses | $545.00k |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | — |
| Other Real Estate Owned | $0 |
| Other borrowed funds | $39.75M |
| Federal Funds Sold & Reverse Repurchase Agreement | $529.00k |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $5.80M |
| Total Liabilities and Capital | $510.02M |
Securities
| Securities | $133.80M |
| Available-for-sale debt securities | $133.80M |
| Equity securities with readily determinable fair values not held for trading | — |
| Held-to-maturity securities | $0 |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of Merit Bank?
$510.02M as of the latest filing.
How much are Merit Bank's total deposits?
$413.08M in total deposits.
Where is Merit Bank located?
Huntsville, AL.
What is the Net Interest Margin?
3.77%.
How many domestic offices does it operate?
1.
When was it established?
08/12/1935.
What is the Return on Assets (ROA)?
0.93%.
How much are total loans and leases?
$349.73M (latest filing).
What is the total interest income (latest filing)?
$7.87M.