For the quarter ending 2025-09-30, MRBK has $2,541,130K in assets. $2,353,101K in debts.
| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Cash and due from banks | 12,605 | 20,604 | ||
| Interest-bearing deposits at other banks | 27,384 | 29,570 | ||
| Cash and cash equivalents | 39,989 | 50,174 | ||
| Securities available-for-sale, at fair value (amortized cost of 200,682 and 183,764, respectively) | 194,268 | 187,902 | ||
| Gross unrecognized gains | 6 | - | ||
| Gross unrecognized losses | 2,746 | - | ||
| Allowance for credit losses | 0 | - | ||
| Fair value | 29,853 | - | ||
| Securities held-to-maturity, at amortized cost (fair value of 29,853 and 30,492, respectively) | 32,593 | 32,642 | ||
| Equity investments | 2,150 | 2,130 | ||
| Mortgage loans held for sale | 28,016 | 44,078 | ||
| Loans and other finance receivables, net of fees and costs | 2,162,845 | 2,108,250 | ||
| Allowance for credit losses | 21,794 | 20,851 | ||
| Loans and other finance receivables, net of the allowance for credit losses | 2,141,051 | 2,087,399 | ||
| Restricted investment in bank stock | 8,350 | 9,162 | ||
| Bank premises and equipment, net | 12,413 | 12,320 | ||
| Bank owned life insurance | 30,421 | 30,175 | ||
| Accrued interest receivable | 10,944 | 10,334 | ||
| Oreo and other repossessed assets | 3,714 | 3,148 | ||
| Deferred income taxes | 4,989 | 5,314 | ||
| Servicing assets | 3,845 | 3,658 | ||
| Goodwill | 899 | 899 | ||
| Intangible assets | 2,614 | 2,665 | ||
| Other assets | 24,874 | 28,938 | ||
| Total assets | 2,541,130 | 2,510,938 | ||
| Non-interest bearing | 239,614 | 237,042 | ||
| Interest bearing | 1,891,502 | 1,873,332 | ||
| Total deposits | 2,131,116 | 2,110,374 | ||
| Borrowings | 137,265 | 138,965 | ||
| Subordinated debentures | 49,822 | 49,792 | ||
| Accrued interest payable | 7,095 | 7,059 | ||
| Other liabilities | 27,803 | 26,728 | ||
| Total liabilities | 2,353,101 | 2,332,918 | ||
| Common stock, 1 par value per share. 25,000,000 shares authorized 13,520,639 and 13,243,258 shares issued and 11,517,456 and 11,240,075 shares outstanding, respectively | 13,521 | 13,300 | ||
| Surplus | 85,122 | 82,184 | ||
| Treasury stock, 2,003,183 shares, at cost | 26,079 | 26,079 | ||
| Unearned common stock held by esop | 1,006 | 1,006 | ||
| Retained earnings | 122,376 | 117,132 | ||
| Accumulated other comprehensive loss | -5,905 | -7,511 | ||
| Total stockholders equity | 188,029 | 178,020 | ||
| Total liabilities and stockholders equity | 2,541,130 | 2,510,938 | ||
Meridian Corp (MRBK)
Meridian Corp (MRBK)