Meridian Corp
For the period ended Mar 31, 2024. Filed May 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 9, 2024
MRBK$16.75-0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Comprehensive Income
| Three months endedMarch 31, | ||
|---|---|---|
| (dollars in thousands) | 2024 | 2023 |
| Net income: | $2,676 | $4,021 |
| Net change in unrealized (losses) gains on investment securities available for sale: | ||
| Change in fair value of investment securities, net of tax of $(98) and $460, respectively | (298) | 1,670 |
| Reclassification adjustment for investment securities transferred to held-to-maturity, net of tax effect of $7 and $0, respectively | 22 | — |
| Unrealized investment (losses) gains, net of tax effect of $(90) and $460, respectively | $(276) | $1,670 |
| Net change in unrealized gains on interest rate swaps used in cash flow hedges, net of tax effect of $(247) and $0, respectively | 749 | — |
| Total other comprehensive income | $473 | $1,670 |
| Total comprehensive income | $3,149 | $5,691 |
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