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Merrick Bank

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

Vital Signs Report — 2024-Q2

Per-quarter snapshot for 2024-Q2: composite Vital Signs Score, all five pillars, and ranked Watch Items.

Synthesis

Vital Signs Score
73
/ 100
StableAs of 2024-Q2QoQ -1

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

Quarterly Headline

2024-Q2

Bank #2615190 2024-Q2 Vital Signs Score: 73/100 — 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 15.00% of loans.
  2. risk
    90+ days past due elevated
    Asset Quality — 90+ PD 4.62%.
  3. risk
    Adjusted NPL above 2%
    Asset Quality — Adjusted NPL 5.11% (govt-guarantees stripped).

What changed this quarter

Compared to Q1 2024:
↓ -1 ptscomposite
  • Liquidity
    ↓ -7
  • Securities
    — —
  • Capitalization
    — —
  • Asset Quality
    ↑ +3
  • Reserves
    — —

The five pillars

Liquidity

StableQoQ -7
66
Sub-score

Liquidity is stable: brokered 44.8%, loans/deposits 93.0%, cash 9.0% of assets.

Cash / Assets
8.98%
Loans / Deposits
93.01%
Brokered %
44.77%

Watch Items

  • watchBrokered deposits above 30% — Brokered 44.8% 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 22.18%, CET1 22.18%, leverage 22.60%.

Tier 1 RBC
22.18%
CET1
22.18%
Leverage
22.60%
No watch items at this period.

Asset Quality

RiskQoQ +3
19
Sub-score

Asset quality is weak: Adjusted NPL 5.11%, Texas Ratio 10.2%, NCO YTD 15.00%.

Adjusted NPL
5.11%
Govt-guarantees stripped
Texas Ratio
10.2%
NCO YTD
15.00%
30-89 PD
4.99%
Band 0.3% / 3.0%
90+ PD
4.62%
Band 0.1% / 2.0%

Watch Items

  • riskAdjusted NPL above 2% — Adjusted NPL 5.11% (govt-guarantees stripped).
  • risk90+ days past due elevated — 90+ PD 4.62%.
  • riskNet charge-offs elevated — NCO YTD 15.00% of loans.

Reserves

Strong
100
Sub-score

Reserves are strong: ALLL 17.03% of loans, coverage 401.3%, true coverage 328.6%.

ALLL / Loans
17.03%
Coverage
401.3%
True Loss Coverage
328.6%
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