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Merit Bank

Huntsville, AL
IDRSSD: 290838
Total Assets
$479.00M
Latest filing
Total Deposits
$411.07M
Latest filing
Net Interest Margin
2.94%
Profitability
0

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 ClassCommercial bank, state charter, Fed non-member, and supervised by the FDIC
Primary RegulatorFDIC
Established Date08/12/1935
Community BankYes
Ownership TypeNot Mutual
ZIP35805
State and County Number01089
Subchapter S CorporationsNo
Trust PowersLimited Trust Powers Granted
Federal Reserve ID Number06
Numeric code21
Insured by FDICInstitutions that are currently open and insured by the FDIC
Federal Reserve DistrictAtlanta
Core Based Statistical Area NameHuntsville, AL

Operational Info

Number of Employees45
Domestic Offices1
Foreign Offices0
US Offices0
Directly owned by another bank (CERT)No
Last Structure Change Effective Date06/13/2025
Date of Deposit Insurance08/21/1935
Primary Insurance AgencyDIF
Websitehttps://www.meritbank.com
Data Updated11/14/2025
CERT15270
Office of The Comptroller District:—
Office of Thrift Supervision RegionN/A

Financial Summary

Total Assets$479.00M
Total Deposits$411.07M
Total Liabilities$429.00M
Total Equity Capital$50.01M
Net Income$515.00k
Net Loans and Leases$322.86M
Assets Per Employee ($Millions)$10.41M
Bank Premises and Fixed Assets$2.14M
Cash and Balances due from Depository Institutions$25.74M
Deposits Held in Domestic Offices$411.07M

Key Performance Ratios

Return on Assets (ROA)0.44%
Return on Equity (ROE)4.62%
Net Interest Margin2.94%
Efficiency Ratio77.86%
Tier 1 Risk-Based Capital Ratio12.005%
Net Loans and Leases to Core Deposits0%
Credit Loss Provision to Assets0.11%
Cash Dividends to Net Income (YTD Only)0%
Equity Capital to Assets10.439%
Earning Assets to total Assets98.29%

Income and Expense

Total Interest Income$6.87M
Total Noninterest Income$346.00k
Total Interest Expense$3.48M
Total Noninterest Expense$2.92M
Net Interest Income$3.39M
Pre-tax Net Operating Income$684.00k
Provision for Credit Losses$128.00k
Discontinued Operations (Extraordinary Gains - Net)$0

Additional Financial Info

Goodwill and Other Intangibles$0
All Other Assets$0
Other Real Estate Owned$0
Other borrowed funds$17.00M
Federal Funds Sold & Reverse Repurchase Agreement$501.00k
Federal Funds Purchased and Repurchased Agreement$0
All Other Liabilities$932.00k
Total Liabilities and Capital$479.00M

Securities

Securities$121.91M
Available-for-sale debt securities$121.91M
Equity securities with readily determinable fair values not held for trading$0
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?
$479.00M as of the latest filing.
How much are Merit Bank's total deposits?
$411.07M in total deposits.
Where is Merit Bank located?
Huntsville, AL.
What is the Net Interest Margin?
2.94%.
How many domestic offices does it operate?
1.
When was it established?
08/12/1935.
What is the Return on Assets (ROA)?
0.44%.
How much are total loans and leases?
$322.86M (latest filing).
What is the total interest income (latest filing)?
$6.87M.