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 Merit Bank
Merit Bank
| RSSD ID 290838 | CERTIFICATE 15270 | ABA NUMBER 62206813 |
| 3810 Governors Drive Nw |
Quarter Ended : |
2025-03-31 |
| Huntsville, Alabama, 35805 |
Updated : |
2025-04-25 |
| https://www.meritbank.com |
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| 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 |
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| Specialization : |
Commercial Lending Specialization |
| Number of Offices : |
3 |
Number of Employees : |
48 |
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| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
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Income Statement
(USD, in thousands, ytd) |
| Total Assets | 453,679 |
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Total Interest Income | 6,291 |
| Total Liabilities | 415,475 |
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Total NonInterest Income | 291 |
| Total Bank Equity Capital | 38,204 |
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Total Interest Expense | 3,291 |
| Total Deposits | 401,934 |
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Total NonInterest Expense | 2,493 |
| Net Loans & Leases | 303,916 |
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Net Income | 515 |
| Loan Loss Allowance | 3,280 |
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Net Charge Offs | 0 |
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| Regulatory Capital |
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Quarterly Averages
(USD, in thousands) |
| Total capital | 42,126 |
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Total loans | 306,028 |
| Total assets for the leverage ratio | 435,654 |
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Loans secured by real estate: | 219,267 |
| Tier 1 Leverage Ratio | 8.92 |
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Commercial and industrial loans | 68,352 |
| Tier 1 Capital Ratio | 9.93 |
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Loans to individuals - Credit Cards | 0 |
| Total Capital Ratio | 10.76 |
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Loans to individuals - Other | 1,036 |
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:· Merit Bank
