Meridian Corporation (MRBK)

Meridian Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	32.35	56.7	38.39	23.48	36.74	39.37
Investment Securities	207.57	128.56	130.77	134.86	103.15	27.93
Trading Asset Securities	-	3.74	3.93	2.15	8.05	0.89
Mortgage-Backed Securities	-	55.36	44.15	33.17	27.96	40.72
Total Investments	207.57	187.66	178.84	170.18	139.15	69.54
Gross Loans	2,008	1,915	1,769	1,404	1,297	966.53
Allowance for Loan Losses	-21.97	-22.11	-18.83	-18.76	-17.77	-9.51
Other Adjustments to Gross Loans	-	-19.21	-25.72	-17.37	-11.87	-1.82
Net Loans	1,986	1,874	1,725	1,368	1,267	955.2
Property, Plant & Equipment	12.81	22.96	22.35	11.81	7.78	8.64
Goodwill	0.9	0.9	0.9	0.9	0.9	0.9
Other Intangible Assets	2.82	2.97	3.18	3.38	3.6	3.87
Loans Held for Sale	46.6	24.82	22.24	80.88	229.2	33.7
Accrued Interest Receivable	10.01	9.33	7.36	5.01	5.48	3.15
Long-Term Deferred Tax Assets	3.54	4.2	3.94	1.41	0.06	2.12
Other Real Estate Owned & Foreclosed	1.86	1.7	1.7	-	-	0.12
Other Long-Term Assets	67.69	53.19	51.54	43.58	22.42	25.35
Total Assets	2,388	2,246	2,062	1,713	1,720	1,150
Interest Bearing Deposits	1,742	1,125	1,016	992.09	804.39	440.62
Institutional Deposits	-	458.8	394.3	179.8	233.1	271.1
Non-Interest Bearing Deposits	237.21	239.29	301.73	274.53	203.84	139.45
Total Deposits	1,979	1,823	1,712	1,446	1,241	851.17
Short-Term Borrowings	-	145.38	117.04	42.67	109.75	124.38
Current Portion of Long-Term Debt	-	-	0.06	-	-	-
Current Portion of Leases	-	2.17	-	-	-	-
Accrued Interest Payable	7.02	10.32	2.39	0.03	1.15	1.09
Long-Term Debt	194.81	49.84	40.29	40.51	193.94	40.96
Federal Home Loan Bank Debt, Long-Term	-	33.67	8.94	-	12.28	3.12
Long-Term Leases	-	7.28	11.29	-	-	-
Other Long-Term Liabilities	39.52	16.06	16.47	18.46	20.12	8.6
Total Liabilities	2,220	2,088	1,909	1,548	1,579	1,029
Common Stock	13.23	13.19	13.16	6.54	6.46	6.41
Retained Earnings	107.77	101.22	95.82	84.92	59.01	34.1
Treasury Stock	-26.08	-26.08	-21.82	-8.86	-5.83	-0
Comprehensive Income & Other	72.53	69.7	66.13	82.77	81.98	80.19
Total Common Equity	167.45	158.02	153.28	165.36	141.62	120.7
Shareholders' Equity	167.45	158.02	153.28	165.36	141.62	120.7
Total Liabilities & Equity	2,388	2,246	2,062	1,713	1,720	1,150
Total Debt	194.81	238.33	177.61	83.18	315.97	168.47
Net Cash (Debt)	-162.46	-177.89	-135.29	-57.55	-271.18	-128.21
Net Cash Per Share	-14.51	-15.62	-11.09	-4.64	-21.91	-9.96
Filing Date Shares Outstanding	11.23	11.01	11.17	12.05	12.1	12.19
Total Common Shares Outstanding	11.23	11.01	11.25	12	12.03	12.81
Book Value Per Share	14.91	14.35	13.62	13.78	11.77	9.42
Tangible Book Value	163.73	154.15	149.21	161.08	137.12	115.92
Tangible Book Value Per Share	14.58	14.00	13.26	13.42	11.40	9.05

Source: S&P Capital IQ. Banks template. Financial Sources.