Meridian Corp
For the period ended Sep 30, 2024. Filed Nov 8, 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.
Sep 30, 2024 · Filed Nov 8, 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 endedSeptember 30, | Nine months endedSeptember 30, | |||
|---|---|---|---|---|
| (dollars in thousands) | 2024 | 2023 | 2024 | 2023 |
| Net income: | $4,743 | $4,005 | $10,745 | $12,673 |
| Net change in unrealized gains (losses) on investment securities available for sale: | ||||
| Change in fair value of investment securities, net of tax of $695 and $(575), $1,063 and $(489) respectively | 2,420 | (2,059) | 2,311 | (1,757) |
| Reclassification adjustment for net losses realized in net income, net of tax effect of $14, $1, $14, and 13, respectively, | 43 | 2 | 43 | 45 |
| Reclassification adjustment for investment securities transferred to held-to-maturity, net of tax effect of $7 and $7, $21 and $19 respectively | 22 | 22 | 66 | 67 |
| Unrealized investment gains (losses), net of tax effect of $716 and $(566),$1,098 and $(457), respectively | $2,485 | $(2,035) | $2,420 | $(1,645) |
| Net change in unrealized (losses) gains on interest rate swaps used in cash flow hedges, net of tax effect of $368, $(140), $85 and $(233), respectively | (1,163) | 497 | (264) | 825 |
| Total other comprehensive income (loss) | $1,322 | $(1,538) | $2,156 | $(820) |
| Total comprehensive income | $6,065 | $2,467 | $12,901 | $11,853 |
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