Meridian Corp
For the period ended Jun 30, 2025. Filed Aug 8, 2025.
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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.
Jun 30, 2025 · Filed Aug 8, 2025
MRBK$16.75-0.4%Stored close · as of Nov 10, 2026
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Consolidated Balance Sheets – and
CONSOLIDATED BALANCE SHEETS
| (dollars in thousands, except share data) | June 30,2025 | December 31,2024 |
|---|---|---|
| Assets: | ||
| Cash and due from banks | $20,604 | $5,598 |
| Interest-bearing deposits at other banks | 29,570 | 21,864 |
| Cash and cash equivalents | 50,174 | 27,462 |
| Securities available-for-sale, at fair value (amortized cost of $196,370 and $183,764, respectively) | 187,902 | 174,304 |
| Securities held-to-maturity, at amortized cost (fair value of $29,180 and $30,492, respectively) | 32,642 | 33,771 |
| Equity investments | 2,130 | 2,086 |
| Mortgage loans held for sale | 44,078 | 32,413 |
| Loans and other finance receivables, net of fees and costs | 2,108,250 | 2,030,437 |
| Allowance for credit losses | (20,851) | (18,438) |
| Loans and other finance receivables, net of the allowance for credit losses | 2,087,399 | 2,011,999 |
| Restricted investment in bank stock | 9,162 | 7,753 |
| Bank premises and equipment, net | 12,320 | 12,151 |
| Bank owned life insurance | 30,175 | 29,712 |
| Accrued interest receivable | 10,334 | 9,958 |
| OREO and other repossessed assets | 3,148 | 276 |
| Deferred income taxes | 5,314 | 4,669 |
| Servicing assets | 3,658 | 4,382 |
| Goodwill | 899 | 899 |
| Intangible assets | 2,665 | 2,767 |
| Other assets | 28,938 | 31,265 |
| Total assets | $2,510,938 | $2,385,867 |
| Liabilities: | ||
| Deposits: | ||
| Non-interest bearing | $237,042 | $240,858 |
| Interest bearing | 1,873,332 | 1,764,510 |
| Total deposits | 2,110,374 | 2,005,368 |
| Borrowings | 138,965 | 124,471 |
| Subordinated debentures | 49,792 | 49,743 |
| Accrued interest payable | 7,059 | 6,860 |
| Other liabilities | 26,728 | 27,903 |
| Total liabilities | 2,332,918 | 2,214,345 |
| Stockholders’ equity: | ||
| Common stock, $1 par value per share. 25,000,000 shares authorized; 13,299,961 and 13,243,258 shares issued and 11,296,778 and 11,240,075 shares outstanding, respectively | 13,300 | 13,243 |
| Surplus | 82,184 | 81,545 |
| Treasury stock, 2,003,183 shares, at cost | (26,079) | (26,079) |
| Unearned common stock held by ESOP | (1,006) | (1,006) |
| Retained earnings | 117,132 | 111,961 |
| Accumulated other comprehensive loss | (7,511) | (8,142) |
| Total stockholders’ equity | 178,020 | 171,522 |
| Total liabilities and stockholders’ equity | $2,510,938 | $2,385,867 |
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