Meridian Corp
For the period ended Sep 30, 2025. Filed Nov 7, 2025.
View on SEC.govAbout 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.
Sep 30, 2025 · Filed Nov 7, 2025
MRBK$16.82+2.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Table of Contents
| PART I FINANCIAL INFORMATION | |
|---|---|
| Item 1 Financial Statements (Unaudited) | 3 |
| Consolidated Balance Sheets – September 30, 2025 and December 31, 2024 | 3 |
| Consolidated Statements of Income – Three and Nine Months Ended September 30, 2025 and 2024 | 4 |
| Consolidated Statements of Comprehensive Income – Three and Nine Months Ended September 30, 2025 and 2024 | 5 |
| Consolidated Statements of Stockholders’ Equity – Three and Nine Months Ended September 30, 2025 and 2024 | 6 |
| Consolidated Statements of Cash Flows – Nine Months Ended September 30, 2025 and 2024 | 7 |
| Notes to Consolidated Financial Statements (Unaudited) | 8 |
| Item 2 Management’s Discussion and Analysis of Financial Condition and Results of Operations | 35 |
| Item 3 Quantitative and Qualitative Disclosures about Market Risk | 49 |
| Item 4 Controls and Procedures | 50 |
| PART II OTHER INFORMATION | |
| Item 1 Legal Proceedings | 50 |
| Item 1A Risk Factors | 50 |
| Item 2 Unregistered Sales of Equity Securities and Use of Proceeds | 50 |
| Item 3 Defaults Upon Senior Securities | 50 |
| Item 4 Mine Safety Disclosures | 50 |
| Item 5 Other Information | 50 |
| Item 6 Exhibits | 51 |
| Signatures | 52 |
Glossary of Acronyms, Abbreviations, and Terms
The acronyms, abbreviations, and terms listed below are used in various sections of this report. As used throughout this report, the terms "Meridian", “we”, “our”, or “us” refer to Meridian Corporation and its consolidated subsidiaries, unless the context otherwise requires.
| Acronym | Description |
|---|---|
| ACBB | Atlantic Central Bankers Bank |
| ACH | Automated clearing house |
| ACL | Allowance for credit losses |
| AFS | Available-for-sale |
| ALCO | Asset/Liability Committee |
| ALLL | Allowance for loan and lease losses |
| ALM | Asset / liability management |
| AOCI | Accumulated other comprehensive income |
| ASC | Accounting Standards Codification |
| ASU | Accounting Standards Update |
| ATM | At the Market common stock offering |
| BHC Act | Bank Holding Company Act of 1956 |
| BOLI | Bank owned life insurance |
| BSA-AML | Bank Secrecy Act - Anti-Money Laundering |
| BTFP | Federal Reserve Bank Term Funding Program |
| CBCA | Change in Bank Control Act |
| CBLR | Community Bank Leverage Ratio |
| CDARS | Certificate of Deposit Account Registry Service |
| CECL | Current expected credit losses |
| CET1 | Common equity tier 1 |
| CFPB | Consumer Financial Protection Bureau |
| CMO | Collateralized mortgage obligation |
| CRE | Commercial real estate |
| DIF | FDIC’s deposit insurance fund |
| ECOA | Equal Credit Opportunity Act |
| ESOP | Employee Stock Ownership Plan |
| FASB | Financial Accounting Standards Board |
| FDIC | Federal Deposit Insurance Corporation |
| Fed | Federal Reserve System |
| FFIEC | Federal Financial Institutions Examination Council |
| FHA | Federal Housing Authority |
| FHFA | Federal Housing Finance Agency |
| FHLB | Federal Home Loan Bank of Pittsburgh |
| FHLMC | Federal Home Loan Mortgage Corporation or Freddie Mac |
| FICO | Financing Corporation |
| FNMA | Federal National Mortgage Association or Fannie Mae |
| FRB | Federal Reserve Bank of Philadelphia |
| FTE | Fully taxable equivalent |
| GAAP | U.S. generally accepted accounting principles |
| GLB Act | Gramm-Leach-Bliley Act |
| GNMA | Government National Mortgage Association or Ginnie Mae |
| GSE | Government-sponsored entities |
| HTM | Held-to-maturity |
| ICBA | Independent Community Bankers of America |
| JOBS Act | Jumpstart Our Business Startups Act of 2012 |
| LBP | Look-back period |
|---|---|
| LEP | Loss emergence period |
| LGD | Loss given default |
| LIBOR | London Inter-bank Offering Rate |
| LIHTC | Low-income-housing tax credit |
| MBS | Mortgage-backed securities |
| MSLP | Main Street Lending Programs |
| MSR | Mortgage servicing rights |
| OFAC | Office of Foreign Assets Control |
| OREO | Other real estate owned |
| PCAOB | Public Company Accounting Oversight Board |
| PCD | Purchased credit deteriorated |
| PD | Probability of default |
| PDBS | Pennsylvania Department of Banking and Securities |
| ROU | Right-of-use |
| SBA | Small Business Administration |
| SEC | Securities and Exchange Commission |
| SERP | Supplemental Executive Retirement Plan |
| SNC | Shared national credit |
| SOFR | Secure Overnight Financing Rate |
| TILA | Truth in Lending Act |
| TDR | Troubled debt restructuring |
| USDA | U.S. Department of Agriculture |
| VA | U.S. Department of Veteran’s Affairs |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.