Meridian Corp (MRBK)
2025-06-30 | 2024-09-30 | 2024-06-30 | ||
|---|---|---|---|---|
| Wealth management income | 1,492 | 1,447 | 1,444 | |
| Other | 1,064 | 1,366 | 1,293 | |
| Net gain on sale of msrs | 467 | - | - | |
| Net gain (loss) on hedging activity | 16 | -197 | -63 | |
| Mortgage banking income | 5,762 | 6,474 | 5,420 | |
| Net change in the fair value of derivative instruments | -102 | -102 | 203 | |
| Earnings on investment in life insurance | 240 | 222 | 215 | |
| Sba loan income | 1,988 | 544 | 785 | |
| Net change in the fair value of loans held-for-sale | 171 | 169 | -29 | |
| Net change in the fair value of loans held-for-investment | 190 | 965 | -24 | |
| Net loss on sale of investment securities available-for-sale | - | -57 | - | |
| Total non-interest income | 11,288 | 10,831 | 9,244 | |
| Professional fees | 1,164 | 1,106 | 1,029 | |
| Other | 2,725 | 2,917 | 2,553 | |
| Occupancy and equipment | 1,037 | 1,243 | 1,230 | |
| Advertising and promotion | 1,277 | 717 | 989 | |
| Salaries and employee benefits | 13,179 | 12,829 | 11,437 | |
| Pennsylvania bank shares tax | 269 | 181 | 274 | |
| Data processing and software | 1,706 | 1,553 | 1,506 | |
| Total non-interest expense | 21,357 | 20,546 | 19,018 | |
| Provision for credit losses | 3,803 | 2,282 | 2,680 | |
| Deposits | 17,301 | 19,313 | 18,991 | |
| Borrowings and subordinated debentures | 2,751 | 2,764 | 2,628 | |
| Total interest expense | 20,052 | 22,077 | 21,619 | |
| Securities - tax-exempt | 295 | 320 | 324 | |
| Securities - taxable | 1,792 | 1,480 | 1,324 | |
| Loans and other finance receivables, including fees | 38,697 | 38,103 | 36,486 | |
| Cash and cash equivalents | 427 | 416 | 331 | |
| Total interest income | 41,211 | 40,319 | 38,465 | |
| Net interest income | 21,159 | 18,242 | 16,846 | |
| Net interest income after provision for credit losses | 17,356 | 15,960 | 14,166 | |
| Income before income taxes | 7,287 | 6,245 | 4,392 | |
| Income tax expense | 1,695 | 1,502 | 1,066 | |
| Net income | 5,592 | 4,743 | 3,326 | |
| Basic earnings per common share (in usd per share) | 0.5 | 0.43 | 0.3 | |
| Basic weighted average shares outstanding (in shares) | 11,228,000 | 11,110,000 | 11,096,000 | |
| Diluted earnings per common share (in usd per share) | 0.49 | 0.42 | 0.3 | |
| Diluted weighted average shares outstanding (in shares) | 11,392,000 | 11,234,000 | 11,150,000 | |