Meridian Corp
For the period ended Sep 30, 2026. Filed Nov 9, 2026.
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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, 2026 · Filed Nov 9, 2026
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 Balance Sheets – and
CONSOLIDATED BALANCE SHEETS
| (dollars in thousands, except share data) | September 30,2026 | December 31,2025 |
|---|---|---|
| Assets: | ||
| Cash and due from banks | $11,868 | $10,358 |
| Interest-bearing deposits at other banks | 16,709 | 25,420 |
| Cash and cash equivalents | 28,577 | 35,778 |
| Securities available-for-sale, at fair value (amortized cost of $216,464 and $199,127, respectively) | 203,602 | 193,457 |
| Securities held-to-maturity, at amortized cost (fair value of $27,915 and $30,152, respectively) | 32,395 | 32,544 |
| Equity investments | 2,061 | 2,166 |
| Commercial loans held for sale | 1,791 | — |
| Mortgage loans held for sale | 42,076 | 33,762 |
| Loans and other finance receivables, net of fees and costs | 2,163,832 | 2,170,600 |
| Allowance for credit losses | (20,690) | (21,573) |
| Loans and other finance receivables, net of the allowance for credit losses | 2,143,142 | 2,149,027 |
| Restricted investment in bank stock | 7,129 | 7,811 |
| Bank premises and equipment, net | 12,261 | 12,402 |
| Bank owned life insurance | 31,497 | 30,687 |
| Accrued interest receivable | 11,836 | 10,724 |
| OREO and other repossessed assets | 4,853 | 5,997 |
| Deferred income taxes | 6,103 | 4,215 |
| Servicing assets | 3,307 | 3,932 |
| Goodwill | 899 | 899 |
| Intangible assets | 2,410 | 2,563 |
| Other assets | 37,606 | 36,031 |
| Total assets | $2,571,545 | $2,561,995 |
| Liabilities: | ||
| Deposits: | ||
| Non-interest bearing | $253,433 | $245,377 |
| Interest bearing | 1,913,449 | 1,912,751 |
| Total deposits | 2,166,882 | 2,158,128 |
| Borrowings | 115,219 | 117,338 |
| Subordinated debentures | 49,736 | 49,853 |
| Accrued interest payable | 4,666 | 6,531 |
| Other liabilities | 31,414 | 30,429 |
| Total liabilities | 2,367,917 | 2,362,279 |
| Stockholders’ equity: | ||
| Common stock, $1 par value: 25,000,000 shares authorized; 13,940,231 and 13,829,645 shares issued, respectively, and 11,937,048 and 11,826,462 shares outstanding, respectively | 13,940 | 13,830 |
| Surplus | 91,397 | 90,352 |
| Treasury stock, 2,003,183 shares, at cost | (26,079) | (26,079) |
| Unearned common stock held by ESOP | (1,232) | (1,232) |
| Retained earnings | 136,149 | 128,124 |
| Accumulated other comprehensive loss | (10,547) | (5,279) |
| Total stockholders’ equity | 203,628 | 199,716 |
| Total liabilities and stockholders’ equity | $2,571,545 | $2,561,995 |
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