Meridian Corp

For the period ended Mar 31, 2025. Filed May 9, 2025.

About this filing

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, 2025 · Filed May 9, 2025

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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Contents

Consolidated Balance Sheets – and

CONSOLIDATED BALANCE SHEETS

(dollars in thousands, except share data)	March 31,2025	December 31,2024
Assets:
Cash and due from banks	$16,976	$5,598
Interest-bearing deposits at other banks	113,620	21,864
Federal funds sold	629	—
Cash and cash equivalents	131,225	27,462
Securities available-for-sale, at fair value (amortized cost of $193,783 and $183,764, respectively)	185,221	174,304
Securities held-to-maturity, at amortized cost (fair value of $29,357 and $30,492, respectively)	32,720	33,771
Equity investments	2,126	2,086
Mortgage loans held for sale	28,047	32,413
Loans and other finance receivables, net of fees and costs	2,071,675	2,030,437
Allowance for credit losses	(20,827)	(18,438)
Loans and other finance receivables, net of the allowance for credit losses	2,050,848	2,011,999
Restricted investment in bank stock	8,369	7,753
Bank premises and equipment, net	12,028	12,151
Bank owned life insurance	29,935	29,712
Accrued interest receivable	10,345	9,958
Other real estate owned	159	159
Deferred income taxes	5,136	4,669
Servicing assets	4,284	4,382
Goodwill	899	899
Intangible assets	2,716	2,767
Other assets	24,830	31,382
Total assets	$2,528,888	$2,385,867
Liabilities:
Deposits:
Non-interest bearing	$323,485	$240,858
Interest bearing	1,805,257	1,764,510
Total deposits	2,128,742	2,005,368
Borrowings	139,590	124,471
Subordinated debentures	49,761	49,743
Accrued interest payable	7,404	6,860
Other liabilities	29,823	27,903
Total liabilities	2,355,320	2,214,345
Stockholders’ equity:
Common stock, $1 par value per share. 25,000,000 shares authorized; 13,288,461 and 13,243,258 shares issued and 11,285,278 and 11,240,075 shares outstanding, respectively	13,288	13,243
Surplus	82,026	81,545
Treasury stock, 2,003,183 shares, at cost	(26,079)	(26,079)
Unearned common stock held by employee stock ownership plan	(1,006)	(1,006)
Retained earnings	112,952	111,961
Accumulated other comprehensive loss	(7,613)	(8,142)
Total stockholders’ equity	173,568	171,522
Total liabilities and stockholders’ equity	$2,528,888	$2,385,867

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.