Meridian Corporation (MRBK)

Patterson Companies Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	50.17	27.46	56.7	38.39	23.48	36.74
Investment Securities	222.67	131.95	128.56	130.77	134.86	103.15
Trading Asset Securities	-	2.97	3.74	3.93	2.15	8.05
Mortgage-Backed Securities	-	78.21	55.36	44.15	33.17	27.96
Total Investments	222.67	213.13	187.66	178.84	170.18	139.15
Gross Loans	2,108	2,039	1,915	1,769	1,404	1,297
Allowance for Loan Losses	-20.85	-18.44	-22.11	-18.83	-18.76	-17.77
Other Adjustments to Gross Loans	-	-9.06	-19.21	-25.72	-17.37	-11.87
Net Loans	2,087	2,012	1,874	1,725	1,368	1,267
Property, Plant & Equipment	12.32	19.05	22.96	22.35	11.81	7.78
Goodwill	0.9	0.9	0.9	0.9	0.9	0.9
Other Intangible Assets	2.67	2.77	2.97	3.18	3.38	3.6
Loans Held for Sale	44.08	32.41	24.82	22.24	80.88	229.2
Accrued Interest Receivable	10.33	9.96	9.33	7.36	5.01	5.48
Long-Term Deferred Tax Assets	5.31	4.67	4.2	3.94	1.41	0.06
Other Real Estate Owned & Foreclosed	3.15	0.16	1.7	1.7	-	-
Other Long-Term Assets	62.77	55.61	53.19	51.54	43.58	22.42
Total Assets	2,511	2,386	2,246	2,062	1,713	1,720
Interest Bearing Deposits	1,873	1,219	1,125	1,016	992.09	804.39
Institutional Deposits	-	545.7	458.8	394.3	179.8	233.1
Non-Interest Bearing Deposits	237.04	240.86	239.29	301.73	274.53	203.84
Total Deposits	2,110	2,005	1,823	1,712	1,446	1,241
Short-Term Borrowings	-	101.56	145.38	117.04	42.67	109.75
Current Portion of Long-Term Debt	-	-	-	0.06	-	-
Current Portion of Leases	-	1.54	-	-	-	-
Accrued Interest Payable	7.06	6.86	10.32	2.39	0.03	1.15
Long-Term Debt	49.79	49.74	49.84	40.29	40.51	193.94
Federal Home Loan Bank Debt, Long-Term	138.97	25.84	33.67	8.94	-	12.28
Long-Term Leases	-	5.48	9.4	11.29	-	-
Other Long-Term Liabilities	26.73	17.95	16.1	16.47	18.46	20.12
Total Liabilities	2,333	2,214	2,088	1,909	1,548	1,579
Common Stock	13.3	13.24	13.19	13.16	6.54	6.46
Retained Earnings	117.13	111.96	101.22	95.82	84.92	59.01
Treasury Stock	-26.08	-26.08	-26.08	-21.82	-8.86	-5.83
Comprehensive Income & Other	73.67	72.4	69.7	66.13	82.77	81.98
Total Common Equity	178.02	171.52	158.02	153.28	165.36	141.62
Shareholders' Equity	178.02	171.52	158.02	153.28	165.36	141.62
Total Liabilities & Equity	2,511	2,386	2,246	2,062	1,713	1,720
Total Debt	188.76	184.17	238.28	177.61	83.18	315.97
Net Cash (Debt)	-138.58	-153.74	-177.85	-135.29	-57.55	-271.18
Net Cash Per Share	-12.20	-13.67	-15.62	-11.09	-4.64	-21.91
Filing Date Shares Outstanding	11.16	11.15	11.01	11.17	12.05	12.1
Total Common Shares Outstanding	11.16	11.11	11.01	11.25	12	12.03
Book Value Per Share	15.95	15.44	14.35	13.62	13.78	11.77
Tangible Book Value	174.46	167.86	154.15	149.21	161.08	137.12
Tangible Book Value Per Share	15.63	15.11	14.00	13.26	13.42	11.40

Updated Mar 17, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q