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Merrick Bank

IDRSSD: 2615190
Total Assets
—
Latest filing
Total Deposits
—
Latest filing
Net Interest Margin
—
Profitability

Vital Signs Report — 2023-Q4

Per-quarter snapshot for 2023-Q4: composite Vital Signs Score, all five pillars, and ranked Watch Items.

Synthesis

Vital Signs Score
74
/ 100
StableAs of 2023-Q4QoQ +9

Weighted composite of five pillars (Liquidity, Securities, Capitalization, Asset Quality, Reserves). Missing pillars are dropped from the denominator. See methodology footer.

Quarterly Headline

2023-Q4

Bank #2615190 2023-Q4 Vital Signs Score: 74/100 — overall stable. Strongest pillar: Securities (strong). Weakest pillar: Asset Quality (risk).

Liquidity:Stable
Securities:Strong
Capitalization:Strong
Asset Quality:Risk
Reserves:Strong

Top 3 Watch Items

  1. risk
    Net charge-offs elevated
    Asset Quality — NCO YTD 15.57% of loans.
  2. risk
    90+ days past due elevated
    Asset Quality — 90+ PD 6.63%.
  3. risk
    Adjusted NPL above 2%
    Asset Quality — Adjusted NPL 7.25% (govt-guarantees stripped).

What changed this quarter

Compared to Q3 2023:
↑ +9 ptscomposite
  • Liquidity
    ↓ 0
  • Securities
    — —
  • Capitalization
    — —
  • Asset Quality
    ↑ +16
  • Reserves
    — —

The five pillars

Liquidity

StableQoQ 0
75
Sub-score

Liquidity is stable: brokered 42.4%, loans/deposits 80.9%, cash 18.5% of assets.

Cash / Assets
18.50%
Loans / Deposits
80.90%
Brokered %
42.41%

Watch Items

  • watchBrokered deposits above 30% — Brokered 42.4% of deposits (threshold 30%).

Securities

Strong
100
Sub-score

Securities profile is strong: securities 0.1% of assets.

MtM Loss / Tier 1
—
SVB watch metric
Securities / Assets
0.08%
No watch items at this period.

Capitalization

Strong
100
Sub-score

Capital position is strong: Tier 1 RBC 23.78%, CET1 23.78%, leverage 21.46%.

Tier 1 RBC
23.78%
CET1
23.78%
Leverage
21.46%
No watch items at this period.

Asset Quality

RiskQoQ +16
16
Sub-score

Asset quality is weak: Adjusted NPL 7.25%, Texas Ratio 12.9%, NCO YTD 15.57%.

Adjusted NPL
7.25%
Govt-guarantees stripped
Texas Ratio
12.9%
NCO YTD
15.57%
30-89 PD
6.59%
Band 0.3% / 3.0%
90+ PD
6.63%
Band 0.1% / 2.0%

Watch Items

  • riskAdjusted NPL above 2% — Adjusted NPL 7.25% (govt-guarantees stripped).
  • risk90+ days past due elevated — 90+ PD 6.63%.
  • riskNet charge-offs elevated — NCO YTD 15.57% of loans.

Reserves

Strong
100
Sub-score

Reserves are strong: ALLL 19.29% of loans, coverage 329.6%, true coverage 237.1%.

ALLL / Loans
19.29%
Coverage
329.6%
True Loss Coverage
237.1%
No watch items at this period.

Methodology + sources

Vital Signs Score
Composite of five pillar sub-scores, each 0–100. Weights: Liquidity 20%, Securities 15%, Capitalization 25%, Asset Quality 25%, Reserves 15%. See functions/src/vitalSignsScore.ts for the complete formula and band anchors.
Period addressing
Per-quarter URLs accept "YYYY-Q{n}" (canonical), "YYYYqQ" (compact form), or "YYYY-MM-DD" quarter-end dates. All forms canonicalize to the same snapshot.
Source data
FFIEC Call Report Schedules RC, RC-A, RC-B, RC-E, RC-M, RC-N, RC-R, RI, and RI-B Pt I/II via CallReport_Financials + CallReport_FdicData (Visbanking nightly ingest).

Five-pillar framework follows industry-standard bank-health analytical conventions. Composite scoring is Visbanking's own.

Generated: 2026-05-13 11:59:23 UTC