|
 |
|
|
 Merit Bank
|
Merit Bank
| RSSD ID 290838 | CERTIFICATE 15270 | ABA NUMBER 62206813 |
| 3810 Governors Drive Nw |
Quarter Ended : |
2026-03-31 |
| Huntsville, Alabama, 35805 |
Updated : |
2026-04-29 |
| https://www.meritbank.com |
|
| Institution Profile |
| Year Opened : |
1935 |
Institution Type : |
Commercial bank |
| Entity Type : |
State |
Federal Regulator : |
FDIC |
| Member Federal Reserve : |
No |
S-Corp : |
No |
| Fiduciary Powers : |
Yes |
Powers Exercised : |
No |
| Filing Type : |
051 |
|
| Specialization : |
Commercial Lending Specialization |
| Number of Offices : |
1 |
Number of Employees : |
46 |
|
|
|
|
|
|
| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
|
Income Statement
(USD, in thousands, ytd) |
| Total Assets | 524,764 |
|
Total Interest Income | 7,269 |
| Total Liabilities | 473,382 |
|
Total NonInterest Income | 296 |
| Total Bank Equity Capital | 51,382 |
|
Total Interest Expense | 3,089 |
| Total Deposits | 444,043 |
|
Total NonInterest Expense | 2,850 |
| Net Loans & Leases | 352,641 |
|
Net Income | 1,254 |
| Loan Loss Allowance | 3,315 |
|
Net Charge Offs | 250 |
|
|
|
| Regulatory Capital |
|
Quarterly Averages
(USD, in thousands) |
| Total capital | 55,506 |
|
Total loans | 354,532 |
| Total assets for the leverage ratio | 513,318 |
|
Loans secured by real estate: | 254,935 |
| Tier 1 Leverage Ratio | 10.12 |
|
Commercial and industrial loans | 89,599 |
| Tier 1 Capital Ratio | 11.49 |
|
Loans to individuals - Credit Cards | 0 |
| Total Capital Ratio | 12.28 |
|
Loans to individuals - Other | 204 |
|
|
|
|
:· Merit Bank
