# MERIT BANK
HUNTSVILLE, AL · FDIC certificate 15270 · asset band $300M-1B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *funding-stretched*. Composite score 3 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $581.6M | |
| Deposits | $446.6M | |
| Loans and leases | $400.2M | |
| Total equity | $54.1M | |
| Loans / deposits | 88.75% (p68 of band) | 82.04% |
| Liquid assets / assets | 27.39% (p57 of band) | |
| Uninsured deposits / deposits | 58.75% (p98 of band) | 25.97% |
| Brokered deposits | 6.88% | |
| Wholesale funding | 19.90% (p93 of band) | |
| FHLB advances / assets | 13.02% | |
| Tier 1 leverage | 9.70% (p27 of band) | 10.81% |
| Unrealized securities loss / equity | -0.63% (p88 of band) | -8.10% |
| AOCI / equity | 1.03% (p95 of band) | |
| ROA (annualized) | 1.01% (p33 of band) | 1.28% |
| Net interest margin | 3.39% (p23 of band) | 3.91% |
| Efficiency ratio | 58.76% (p42 of band) | |
| Noncurrent loans | 0.00% (p4 of band) | 0.43% |
| Net charge-offs (annualized) | 0.09% (p83 of band) | |
| Reserve coverage of noncurrent | – | |
| Real estate % of loans | 78% | |
| Construction % of loans | 47.96% (p54 of band) | |
| Auto loans | $40,000 (0.01% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | 16.2% | |
| Employees | 46 | |

## Flags firing in the latest filing

- **uninsured deposits >50%** (`liq_uninsured`)
- **wholesale funding >15%** (`liq_wholesale`)
- **capital falling** (`cap_falling`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 3 | losing money, expense ratio p90, reserve under noncurrent |  |
| 2011-06 | 2 |  | expense ratio p90 |
| 2011-09 | 2 |  |  |
| 2011-12 | 2 |  |  |
| 2012-03 | 3 | noncurrent p90, uninsured deposits leaving | losing money |
| 2012-06 | 6 | losing money, charge-offs p90, deposits shrinking, assets shrinking | noncurrent p90 |
| 2012-09 | 6 |  |  |
| 2012-12 | 4 |  | deposits shrinking, assets shrinking |
| 2013-03 | 3 | expense ratio p90 | uninsured deposits leaving, charge-offs p90 |
| 2013-06 | 3 | capital falling | losing money |
| 2013-09 | 2 |  | capital falling |
| 2013-12 | 3 | losing money |  |
| 2014-03 | 2 | capital falling | expense ratio p90, losing money |
| 2014-06 | 2 |  |  |
| 2014-09 | 2 | uninsured deposits leaving | capital falling |
| 2014-12 | 3 | noncurrent p90 |  |
| 2015-03 | 3 |  |  |
| 2015-06 | 2 | capital falling | uninsured deposits leaving, noncurrent p90 |
| 2015-09 | 3 | noncurrent p90, uninsured deposits leaving | capital falling |
| 2015-12 | 3 |  |  |
| 2016-03 | 3 | expense ratio p90, charge-offs p90 | noncurrent p90, uninsured deposits leaving |
| 2016-06 | 4 | capital falling, uninsured deposits leaving | expense ratio p90 |
| 2016-09 | 2 |  | capital falling, uninsured deposits leaving |
| 2016-12 | 3 | expense ratio p90, noncurrent p90 | charge-offs p90 |
| 2017-03 | 2 | uninsured deposits leaving | expense ratio p90, noncurrent p90 |
| 2017-06 | 1 |  | uninsured deposits leaving |
| 2017-09 | 1 |  |  |
| 2017-12 | 2 | expense ratio p90 |  |
| 2018-03 | 2 | capital falling | expense ratio p90 |
| 2018-06 | 2 | uninsured deposits leaving | capital falling |
| 2018-09 | 2 | noncurrent p90 | uninsured deposits leaving |
| 2018-12 | 3 | expense ratio p90 |  |
| 2019-03 | 3 | capital falling | expense ratio p90 |
| 2019-06 | 3 | losing money, expense ratio p90 | noncurrent p90, capital falling |
| 2019-09 | 3 |  |  |
| 2019-12 | 4 | capital falling |  |
| 2020-03 | 4 |  |  |
| 2020-06 | 3 |  | reserve under noncurrent |
| 2020-09 | 3 |  |  |
| 2020-12 | 3 |  |  |
| 2021-03 | 3 |  |  |
| 2021-06 | 3 |  |  |
| 2021-09 | 3 | uninsured deposits >50% | expense ratio p90 |
| 2021-12 | 1 |  | losing money, uninsured deposits >50% |
| 2022-03 | 0 |  | capital falling |
| 2022-06 | 1 | uninsured deposits >50% |  |
| 2022-09 | 1 |  |  |
| 2022-12 | 2 | run vulnerability |  |
| 2023-03 | 2 |  |  |
| 2023-06 | 2 | capital falling, expense ratio p90 | uninsured deposits >50%, run vulnerability |
| 2023-09 | 1 |  | expense ratio p90 |
| 2023-12 | 1 |  |  |
| 2024-03 | 2 | uninsured deposits >50% |  |
| 2024-06 | 2 |  |  |
| 2024-09 | 2 |  |  |
| 2024-12 | 3 | wholesale funding >15% |  |
| 2025-03 | 2 | construction >100% equity | capital falling, wholesale funding >15% |
| 2025-06 | 4 | wholesale funding >15%, charge-offs p90 |  |
| 2025-09 | 2 |  | construction >100% equity, wholesale funding >15% |
| 2025-12 | 2 |  |  |
| 2026-03 | 3 | capital falling |  |
| 2026-06 | 3 | wholesale funding >15% | charge-offs p90 |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-05-01 [Sit Down With Success: A Conversation With Will Heaps Of Merit Bank - Huntsville Business Journal](https://news.google.com/rss/articles/CBMivgFBVV95cUxObF9Balhrb09OYVp4NTM0RVBlSkFtR0NaT1Eya2NtSVhWbkJUanNiLXJLS056SlRxMnZlQkxaZUhVRFN1NXNiN2ZkMnVYODBPZTBBdWM1TU5oOG9KWlRJRVVCQUFNZUFHcWRDeGMxYkVYQXBMeF9UM2REWm0wNERxcmN5X2FZM3c5eDYyT1VJTl9YX0tjdWNEcmYzamNLYXlGX1VPSFNsZ2ZPZGx6MG15cjhNS1RNSjFhQUU2U2FR?oc=5) · Huntsville Business Journal
- 2023-05-08 [Merit joins state’s bank ranks - Business Alabama Magazine](https://news.google.com/rss/articles/CBMiakFVX3lxTE13bFlwZVltNmNKWjBjcEh0MnRCWUpDOVhyQTRkb3dxbE42SldSSDdTSkJFMnk0TmdsLS1seTU5TTF2RC1JTzBRVUhVWnAxUDBQX0dtTFBCRlNoU3N6OWNnamFiOUVSSmh2c1E?oc=5) · Business Alabama Magazine
- 2025-05-21 [Merit Bank announces new additions to banking teams - WHNT.com](https://news.google.com/rss/articles/CBMijgFBVV95cUxOSzFQY0t3UWVJQ2Y3a2hpS1ZBZ2hiTmV3QS1Ga3k2dVRJLS1lcE9GQ0IzR2ppN01yWndjeXpCeUQ5U2ZtLWxobVk4SThEb1k2SUg2VGIzel9tRlpZWWVuV3EwMmpqZGhDSHlvaUJvWGxBRnlILXJRdi1mYUpXV2lIV0ZUU3dWVmJfTmJuZ3J30gGTAUFVX3lxTE5KTnM0Qjk1TmFOZGRraWxxWkN3UXdmS0ZMUkJzRTNzTVhKYXhiTjV3NmEyVENpT3RsN211Y0xGd2x3dUFfTVJLV1JuTnRQeHhYcWNiWFBBSE1PakRKSG96aWlvUlYxN0F4X2ViVjBKNDlXZTNPSEw5dkxCazhjYVR2S0l5OWVjWFpHWVdFcTRhZ3c1UQ?oc=5) · WHNT.com
- 2024-02-22 [Merit Bank opens at Huntsville’s Range office building - AL.com](https://news.google.com/rss/articles/CBMiowFBVV95cUxQQVRMSGo1cmJoLUFpU2gtMFZBTWxwZENYLWk2cGJpUTRPaWlKMHZSM3ZMS0NIZjZRRkRyM0p0dzk1c1hQcUJ5YWxJTUF6Wm9ISzBCZjZQYThabFdWR19TRVYwYmlkcmVTdkZFYXItVzdPbXdMcnY4TFZPVGNrSTlEa3VWOTlWYXpGZnFlanRPNEVycGJEU1gyMURZd0JHM09Uem9F?oc=5) · AL.com
- 2025-04-16 [Here are 5 new banks that have entered the Huntsville market - Hville Blast](https://news.google.com/rss/articles/CBMie0FVX3lxTFBJU21Zd2ZHUHNQb3hzN19KUXVLcnZzZnNNZWI4Yl8yR3MxVFNJMkxMWEFfNS1MUTZCbnlBUlBnQ3BzejNBUkRXb09IbjUyR0lRZWlQWnJMSkFoTXJaaXczVUttUDFlbjZsNERTaUtpNktTSExRU2cwWndxbw?oc=5) · Hville Blast
- 2025-06-17 [Family Savings Credit Union acquires bank branches - The Business Journals](https://news.google.com/rss/articles/CBMirAFBVV95cUxPd3lTemdLU09SY3FySzFJX0VLQThJRVRrbjk4QWpBTjhCSTJxUVVtcjBKZ1VSYjRSMTZIck4xYWs0UEVfT1cxSUo5b2l1UmJBejc4ZkpqS0VZYU1zTW8wNVJtbkxsUTJEV09oaDd5YV9aNE1Cd1ZhcjJ2WWFjMXIzOE9icTUyZnRMdUFua3JZUzJhUkI5bTFHV1dNQWRxc1dsRHFnRjJ4Y3d2dDg3?oc=5) · The Business Journals
- 2023-06-02 [Jordan Crow, Merit Bank. Top 40 Under 40 - Huntsville Business Journal](https://news.google.com/rss/articles/CBMigwFBVV95cUxPbkZabWNtWU5wVzhPamZLUnExMnBIRkx1ZkE2WnZIZTVyWTFLbV90WUdCMWtMV0FERFlSRV9DdVJtUnFiM29Bd1dfS2xQVV8yVEFyN18zR0xQR1NvV0gxdWszc19zRG5FR255YlVtc0Y1eERVdmpxTEZISVpTXzlmeVRJYw?oc=5) · Huntsville Business Journal
- 2022-02-04 [David Kimrey - Business Alabama Magazine](https://news.google.com/rss/articles/CBMiU0FVX3lxTFBzS2VqY3FtVUM0ZG5vZ2NjQUJtMDB3UTRfN0tSeGQ1OXY1UWJqUkI3NThoMnJVc1AwSXZPU2pVdHRmcl9TOFMyYUVyRC1uRlpFeWtR?oc=5) · Business Alabama Magazine

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=15270 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/38.json (key "15270", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide