Meridian Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	35.78	27.46	56.7	38.39	23.48
Investment Securities	228.17	131.95	128.56	130.77	134.86
Trading Asset Securities	-	2.97	3.74	3.93	2.15
Mortgage-Backed Securities	-	78.21	55.36	44.15	33.17
Total Investments	228.17	213.13	187.66	178.84	170.18
Gross Loans	2,171	2,039	1,915	1,769	1,404
Allowance for Loan Losses	-21.57	-18.44	-22.11	-18.83	-18.76
Other Adjustments to Gross Loans	-	-9.06	-19.21	-25.72	-17.37
Net Loans	2,149	2,012	1,874	1,725	1,368
Property, Plant & Equipment	12.4	19.05	22.96	22.35	11.81
Goodwill	0.9	0.9	0.9	0.9	0.9
Other Intangible Assets	2.56	2.77	2.97	3.18	3.38
Loans Held for Sale	33.76	32.41	24.82	22.24	80.88
Accrued Interest Receivable	10.72	9.96	9.33	7.36	5.01
Long-Term Deferred Tax Assets	4.22	4.67	4.2	3.94	1.41
Other Real Estate Owned & Foreclosed	6	0.16	1.7	1.7	-
Other Long-Term Assets	69.08	55.61	53.19	51.54	43.58
Total Assets	2,560	2,386	2,246	2,062	1,713
Interest Bearing Deposits	1,913	1,219	1,125	1,016	992.09
Institutional Deposits	-	545.7	458.8	394.3	179.8
Non-Interest Bearing Deposits	245.38	240.86	239.29	301.73	274.53
Total Deposits	2,158	2,005	1,823	1,712	1,446
Short-Term Borrowings	-	101.56	145.38	117.04	42.67
Current Portion of Long-Term Debt	-	-	-	0.06	-
Current Portion of Leases	-	1.54	-	-	-
Accrued Interest Payable	6.53	6.86	10.32	2.39	0.03
Long-Term Debt	49.85	49.74	49.84	40.29	40.51
Federal Home Loan Bank Debt, Long-Term	117.34	25.84	33.67	8.94	-
Long-Term Leases	-	5.48	9.4	11.29	-
Other Long-Term Liabilities	30.43	17.95	16.1	16.47	18.46
Total Liabilities	2,362	2,214	2,088	1,909	1,548
Common Stock	13.83	13.24	13.19	13.16	6.54
Retained Earnings	128.12	111.96	101.22	95.82	84.92
Treasury Stock	-26.08	-26.08	-26.08	-21.82	-8.86
Comprehensive Income & Other	82.27	72.4	69.7	66.13	82.77
Total Common Equity	198.14	171.52	158.02	153.28	165.36
Shareholders' Equity	198.14	171.52	158.02	153.28	165.36
Total Liabilities & Equity	2,560	2,386	2,246	2,062	1,713
Total Debt	167.19	184.17	238.28	177.61	83.18
Net Cash (Debt)	-131.41	-153.74	-177.85	-135.29	-57.55
Net Cash Per Share	-11.39	-13.67	-15.62	-11.09	-4.64
Filing Date Shares Outstanding	11.69	11.15	11.01	11.17	12.05
Total Common Shares Outstanding	11.69	11.11	11.01	11.25	12
Book Value Per Share	16.95	15.44	14.35	13.62	13.78
Tangible Book Value	194.68	167.86	154.15	149.21	161.08
Tangible Book Value Per Share	16.65	15.11	14.00	13.26	13.42

Source: S&P Global Market Intelligence. Banks template. Financial Sources.