Merrick Bank: how it compares with its peers
Against 197 U.S. banks with half to twice its assets, Merrick Bank's strongest measure in Q2 2026 is net interest margin (19.58% vs. a 3.70% peer median). Its weakest relative measure is assets per employee ($19.4M vs. $10.0M).
| Measure | Merrick Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 2.55% | 1.31% | Top third Ahead of 93% of peers |
| Net interest margin Annualized net interest income over earning assets. | 19.58% | 3.70% | Top third Ahead of 99% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 32.44% | 55.13% | Top third Ahead of 92% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $19.4M | $10.0M | Top third Ahead of 85% of peers |
| Loans to deposits Net loans and leases over total deposits. | 99.14% | 87.93% | Context |
What it means for lending operations
Its efficiency ratio of 32.44% is better than the 55.13% peer median. Banks that already run lean usually find their next gains in loan growth: faster digital applications and fewer borrowers abandoning a slow document chase.
Banks closest in size
- First Mid Bank & Trust, National Association Mattoon, IL · $9.14B
- Pinnacle Bank Lincoln, NE · $9.18B
- The Bancorp Bank, National Association Sioux Falls, SD · $9.21B
- American Savings Bank, National Association Honolulu, HI · $9.05B
- First American Trust, FSB Santa Ana, CA · $9.23B
- Union Bank and Trust Company Lincoln, NE · $9.24B
Questions about Merrick Bank
How big is Merrick Bank?
Merrick Bank, established in 1997, is headquartered in South Jordan, UT. It reported $9.13B in total assets in its Q2 2026 FDIC call report and operates 1 office.
What is Merrick Bank's return on assets?
2.55% annualized in Q2 2026, against a 1.31% median for 197 U.S. banks with half to twice its assets, ahead of 93% of them.
What is Merrick Bank's efficiency ratio?
32.44% in Q2 2026: it spent about 32 cents in noninterest expense for each dollar of revenue. The peer median is 55.13%, and lower is better.
Is Merrick Bank growing its loans?
Net loans grew 0.5% over the year to Q2 2026, while deposits grew 5.9%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are U.S. banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every Utah bank ranked.