← Meridian Corp
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | $24.0m | $39.4m | $36.7m | $23.5m | $38.4m | $56.7m | $27.5m | $35.8m | |
| Loans and other finance receivables, net of fees and costs | — | — | — | $1.4b | $1.7b | $1.9b | $2.0b | $2.2b | |
| Loans and other finance receivables, net of the allowance for credit losses | — | — | — | $1.4b | $1.7b | $1.9b | $2.0b | $2.1b | |
| Accrued interest receivable | $2.9m | $3.1m | $5.5m | $5.0m | $7.4m | $9.3m | $10.0m | $10.7m | |
| Goodwill | — | $899k | $899k | $899k | $899k | $899k | $899k | $899k | |
| Intangible assets | — | $3.9m | $3.6m | $3.4m | $3.2m | $3.0m | $2.8m | $2.6m | |
| Other assets | $4.7m | $14.4m | $18.3m | $10.5m | $24.1m | $25.7m | $31.4m | $36.0m | |
| Cash and due from banks | $23.2m | $19.1m | $34.2m | $23.5m | $11.3m | $10.1m | $5.6m | $10.4m | |
| Interest-bearing deposits at other banks | — | — | — | $19.5m | $27.1m | $46.6m | $21.9m | $25.4m | |
| Securities available-for-sale, at fair value (amortized cost of $199,127 and $183,764, respectively) | — | — | — | $159.3m | $135.3m | $146.0m | $174.3m | $193.5m | |
| Securities held-to-maturity, at amortized cost (fair value of $30,152 and $30,492, respectively) | — | — | — | $6.4m | $37.5m | $35.8m | $33.8m | $32.5m | |
| Equity investments | — | $1.0m | $1.0m | $2.4m | $2.1m | $2.1m | $2.1m | $2.2m | |
| Mortgage loans held for sale | $37.7m | $33.7m | — | $80.9m | $22.2m | $24.8m | $32.4m | $33.8m | |
| Allowance for credit losses | — | — | — | ($18.8m) | ($18.8m) | ($22.1m) | ($18.4m) | ($21.6m) | |
| Restricted investment in bank stock | $7.0m | $8.1m | $7.9m | $5.1m | $6.9m | $8.1m | $7.8m | $7.8m | |
| Bank premises and equipment, net | $9.6m | $8.6m | $7.8m | $11.8m | $13.3m | $13.6m | $12.2m | $12.4m | |
| Bank owned life insurance | $11.6m | $11.9m | $12.1m | $22.5m | $28.1m | $28.8m | $29.7m | $30.7m | |
| OREO and other repossessed assets | — | — | — | — | — | — | $276k | $6.0m | |
| Deferred income taxes | $1.7m | $2.1m | $62k | $1.4m | $3.9m | $4.2m | $4.7m | $4.2m | |
| Servicing assets | — | — | $5.6m | $12.8m | $12.3m | $11.7m | $4.4m | $3.9m | |
| Non-interest bearing | $126.2m | $139.4m | $203.8m | $274.5m | $301.7m | $239.3m | $240.9m | $245.4m | |
| Interest bearing | $626.0m | $711.7m | $1.0b | $1.2b | $1.4b | $1.6b | $1.8b | $1.9b | |
| Borrowings | — | — | — | $41.3m | $122.1m | $174.9m | $124.5m | $117.3m | |
| Subordinated debentures | $9.2m | $41.0m | $40.7m | $40.5m | $40.3m | $49.8m | $49.7m | $49.9m | |
| Other liabilities | $5.7m | $9.3m | $23.0m | $19.8m | $31.7m | $29.7m | $27.9m | $30.4m | |
| Surplus | $79.9m | $80.2m | $81.2m | $83.7m | $79.1m | $80.3m | $81.5m | $90.4m | |
| Total deposits | $752.1m | $851.2m | $1.2b | $1.4b | $1.7b | $1.8b | $2.0b | $2.2b | |
| Total stockholders’ equity | $109.6m | $120.7m | $141.6m | $165.4m | $153.3m | $158.0m | $171.5m | $199.7m | |
| Total assets | $997.5m | $1.2b | $1.7b | $1.7b | $2.1b | $2.2b | $2.4b | $2.6b | |
| Total liabilities and stockholders’ equity | $997.5m | $1.2b | $1.7b | $1.7b | $2.1b | $2.2b | $2.4b | $2.6b | |
| Accrued interest payable | $305k | $1.1m | $1.2m | $31k | $2.4m | $10.3m | $6.9m | $6.5m | |
| Total liabilities | $887.9m | $1.0b | $1.6b | $1.5b | $1.9b | $2.1b | $2.2b | $2.4b | |
| Common stock, $1 par value: 25,000,000 shares authorized; 13,829,645 and 13,243,258 shares issued, respectively; and 11,826,462 and 11,240,075 shares outstanding, respectively. | — | — | — | — | — | 13.2m | 13.2m | 13.8m | |
| Treasury stock - 2,003,183 and 2,003,183 shares, respectively, at cost | — | ($3k) | ($5.8m) | ($8.9m) | ($21.8m) | ($26.1m) | ($26.1m) | ($26.1m) | |
| Unearned common stock held by ESOP | — | — | ($1.8m) | ($1.6m) | ($1.4m) | ($1.2m) | ($1.0m) | ($1.2m) | |
| Retained earnings | $23.6m | $34.1m | $59.0m | $84.9m | $95.8m | $101.2m | $112.0m | $128.1m | |
| Accumulated other comprehensive loss | ($390k) | ($3k) | $2.6m | $708k | ($11.5m) | ($9.4m) | ($8.1m) | ($5.3m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.