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Merrick Bank

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

Vital Signs Report — 2024-Q1

Per-quarter snapshot for 2024-Q1: composite Vital Signs Score, all five pillars, and ranked Watch Items.

Synthesis

Vital Signs Score
74
/ 100
StableAs of 2024-Q1QoQ 0

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

Quarterly Headline

2024-Q1

Bank #2615190 2024-Q1 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 16.69% of loans.
  2. risk
    90+ days past due elevated
    Asset Quality — 90+ PD 6.53%.
  3. risk
    Adjusted NPL above 2%
    Asset Quality — Adjusted NPL 7.11% (govt-guarantees stripped).

What changed this quarter

Compared to Q4 2023:
↓ 0 ptscomposite
  • Liquidity
    ↓ -1
  • Securities
    — —
  • Capitalization
    — —
  • Asset Quality
    ↑ 0
  • Reserves
    — —

The five pillars

Liquidity

StableQoQ -1
74
Sub-score

Liquidity is stable: brokered 42.7%, loans/deposits 82.9%, cash 16.8% of assets.

Cash / Assets
16.85%
Loans / Deposits
82.93%
Brokered %
42.67%

Watch Items

  • watchBrokered deposits above 30% — Brokered 42.7% 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 23.71%, CET1 23.71%, leverage 21.26%.

Tier 1 RBC
23.71%
CET1
23.71%
Leverage
21.26%
No watch items at this period.

Asset Quality

RiskQoQ 0
16
Sub-score

Asset quality is weak: Adjusted NPL 7.11%, Texas Ratio 12.6%, NCO YTD 16.69%.

Adjusted NPL
7.11%
Govt-guarantees stripped
Texas Ratio
12.6%
NCO YTD
16.69%
30-89 PD
5.32%
Band 0.3% / 3.0%
90+ PD
6.53%
Band 0.1% / 2.0%

Watch Items

  • riskAdjusted NPL above 2% — Adjusted NPL 7.11% (govt-guarantees stripped).
  • risk90+ days past due elevated — 90+ PD 6.53%.
  • riskNet charge-offs elevated — NCO YTD 16.69% of loans.

Reserves

Strong
100
Sub-score

Reserves are strong: ALLL 19.13% of loans, coverage 332.6%, true coverage 233.9%.

ALLL / Loans
19.13%
Coverage
332.6%
True Loss Coverage
233.9%
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