Exhibit 99.1

FOR IMMEDIATE RELEASE

PRIME MERIDIAN HOLDING COMPANY REPORTS

FIRST QUARTER 2018 RESULTS

TALLAHASSEE, FL., April 24, 2018 (GLOBE NEWSWIRE) – Prime Meridian Holding Company (OTCQX: PMHG) the parent bank holding company for Prime Meridian Bank today announced unaudited financial results for the quarter ended March 31, 2018. The Company reported net earnings of $754,000, or $0.24 per basic and diluted share, for the quarter ended March 31, 2018, compared to net earnings of $536,000 or $0.27 per basic and diluted share, for the quarter ended March 31, 2017.

“We are very pleased with our performance this quarter,” said Sammie D. Dixon, Jr., Vice Chairman, President and CEO of the Company. “We continued our growth in our loan portfolio and have kept our momentum going,” he continued, noting that booking loans early in the year elevates interest income for the year.

“There have been challenges, though,” Dixon reminded. “The market is experiencing a rising rate environment.” According to Dixon, “this has benefitted the Bank so far and means a new level of rate management both on the lending and depository side.”

“Maintaining good margins and levels of core deposits has meant adapting and responding to the market,” said Dixon. “We have done so through careful analysis, planning and often one-on-one communication with clients. We use the same approach when looking at growth opportunities. Our team models market information against our culture looking for a good fit,” explained Dixon. “We are planning and waiting for when we think the time is right.”

In February, the Bank’s mortgage department was the top producer both in terms of money volume and number of mortgages in Leon county, according to reporting by Metro Market Trends.

“I cannot say enough about our mortgage team,” said Dixon. “Home lending is a very competitive space — one that requires discipline and strong core values. We have remained conservative relative to rates, even as many competitors have become more aggressive. Our mortgage team represents us well and it shows.”

The Bank celebrated its 10th anniversary on February 4, 2018. “Ten years serving our clients and community is certainly a milestone,” said Dixon. “We appreciate the opportunity to be part of our clients’ successes.”

During a week-long 10-year anniversary celebration, many long-time clients shared their experiences with the Bank in social media videos. “Listening to what’s important to our clients is inspiring,” said Dixon. “It reinforces our core belief that good banking is just people helping people.”

An expression of that inspiration is the unprecedented level in which the Bank is giving back to the community. In addition to many annual sponsorships to local charities, the Bank was a first time Title Sponsor for Night to Shine, the Tim Tebow Foundation’s prom night experience for people with special needs. “The event had record attendance locally. We were grateful to play a role in its success,” said Dixon.

First Quarter 2018 Highlights compared with 2017

• The Company paid its third annual cash dividend of $0.10 per share, increasing it for the second consecutive year.

• Net loans increased $46.9 million, or 20.8%, over the first quarter of 2017 and $22.4 million, or 8.9%, since December 31, 2017.

• Net income for the first quarter of 2018 increased 40.7% year over year to $754,000, boosted by 21.5% growth in net interest income, 22.2% growth in noninterest income and a lower corporate income tax rate in 2018.

• For the quarter ended March 31, 2018, the annualized Return on Average Assets was 0.86%, the annualized Return on Average Equity was 6.45%, and the net interest margin was 3.83%.

• The Company celebrated its 10^th anniversary in February, 2018, reporting total assets of $358.3 million at March 31, 2018.

Earnings Summary

Net earnings for the three-month period ended March 31, 2018 were $754,000, compared to net earnings of $694,000 and $536,000 for the three-month periods ended December 31, 2017 and March 31, 2017, respectively. On a linked quarter basis, the $60,000 increase of net income is mostly due to a lower corporate income tax rate as earnings before income taxes were $998,000 for the first quarter of 2018, $246,000 lower than the $1.2 million reported for the fourth quarter of 2017. A 4.7%, or $163,000, increase in total interest income, a 4.0%, or $20,000, increase in total noninterest income, and a 55.6%, or $306,000, decrease in income tax expense were offset by a 12.8%, or $45,000, increase in interest expense, an 8.6%, or $199,000, increase in noninterest expense, and most significantly by a 268.1%, or $185,000, increase in the provision for loan losses, due to increased loan production.

The $218,000 increase in net earnings for the first three months of 2018 compared to the same period a year ago is attributed to a 24.8%, or $723,000, increase in total interest income, a 22.2%, or $94,000, increase in total noninterest income, and a 21.0%, or $65,000, decrease in income tax expense, all partially offset by a 60.7%, or $150,000, increase in total interest expense, a 625.7%, or $219,000, increase in the provision for loan losses, and a 13.4%, or $295,000, increase in total noninterest expense. There were two macro factors impacting results favorably in the first quarter of 2018 - the enactment of the Tax Cuts and Job Act on December 22, 2017 which has resulted in a lower corporate income tax rate and continued rising interest rates as the overnight funds rate increased in March, 2018 for the sixth time since December, 2015. The Bank’s strong first quarter loan production at higher yields than prior quarters outweighed its increased cost of funds.

Net Interest Income

Compared to the fourth quarter of 2017, net interest income increased $118,000, or 3.8%. Average earning assets increased $1.1 million, or 0.3%, on a linked quarter basis, while the net interest margin increased 13 basis points. Average earning asset growth included a $14.6 million, or 5.8%, increase in average loans, and a $209,000, or 0.4%, increase in average securities, partially offset by a $719,000 or 12.1%, decrease in average mortgage loans held for sale and a $13.0 million, or 42.8%, decrease in other interest-earning assets. The decrease in other interest-earning assets reflects a shift in our earning assets mix from overnight funds to higher yielding loans, which boosted first quarter profitability. The increase in the net interest margin reflected an 18 basis point increase in the yield on average interest-earning assets, partially offset by a 7 basis point increase in the cost of interest-bearing deposits. Noninterest-bearing deposits remained relatively unchanged from the prior quarter.

Net interest income for the 2018 first quarter increased $573,000, or 21.5%, from the 2017 first quarter. This reflected the benefit from the $42.5 million increase in average earning assets coupled with a 23 basis point improvement in the net interest margin to 3.83%. Average earning asset growth included a $39.1 million, or 17.2%, increase in average loans, a $3.0 million, or 131.5%, increase in average mortgage loans held for sale, and a $13.3 million, or 36.9%, increase in average securities, partially offset by a $13.0 million, or 42.7%, decrease in other interest-earning assets. Again, the shift in the earning assets mix from lower yielding overnight funds to higher yielding loans improved profitability for the first quarter of 2018. The net interest margin expansion reflected a 36 basis point increase in the average yield on earnings assets, partially offset by a 23 basis point increase in the average cost of interest-bearing deposits.

Provision for Loan Losses

The provision for loan losses was $254,000 for the quarter ended March 31, 2018, representing a $185,000, or 268.1%, increase over the quarter ended December 31, 2017 and a $219,000, or 625.7%, increase year over year. Net loans have increased $22.4 million from December 31, 2017 and $46.9 million since March 31, 2017, resulting in the higher provision.

Noninterest Income

Noninterest income increased $20,000, or 4.0%, from the fourth quarter of 2017. A $6,000, or 7.4%, increase in service charges and fees on deposit accounts, a $5,000, or 1.6%, increase in mortgage banking revenue, and a $9,000, or 9.7%, increase in other noninterest income (namely debit card and credit card fee income) all contributed to the increase over the prior quarter.

For the quarter ended March 31, 2018, noninterest income increased $94,000, or 22.2%, from the same period a year ago. The primary drivers of this increase were mortgage banking revenue which increased $66,000, or 26.3%, and higher other noninterest income which increased $21,000, or 25.9%, due mostly again to higher debit card and credit card fee income.

Noninterest Expense

For the quarter ended March 31, 2018, noninterest expense increased 8.6%, or $199,000, compared to the quarter ended December 31, 2017. The majority of the increase can be attributed to higher salaries and employee benefits. Also, marketing costs increased $73,000, or 54.5%, from the prior quarter as the Bank made a deliberate decision to elevate its marketing activities in 2018 and also forecasts approximately 35% of its marketing budget in the first quarter versus 16% in the fourth quarter. Slight increases in occupancy and equipment, professional fees, and software maintenance, amortization and other, also contributed to the increase in noninterest expense over the prior quarter.

Compared to the first quarter of 2017, noninterest expense increased $295,000, or 13.4%. Again, the majority of the increase is attributed to higher salaries and employee benefits as the Bank continues to add additional personnel as it positions itself for organic growth and possible expansionary activities. Full-time equivalent employees increased from 67 at March 31, 2017 to 71 at March 31, 2018, while salaries and employee benefits increased $188,000, or 15.1%. The other primary contributor to the increase in noninterest expense was marketing expense. The $53,000, or 34.4%, increase in marketing reflects a growing community bank’s expanding civic involvement.

Balance Sheet

As of March 31, 2018, the Company had grown to $358.3 million in total assets, $309.3 million in deposits, and $272.6 million in portfolio net loans. This compares to $347.2 million in total assets, $298.3 million in deposits, and $250.3 million in portfolio net loans as of December 31, 2017. The composition of the Bank’s loan portfolio was as follows on the indicated dates:

Prime Meridian Holding Company and Subsidiary

Loans by Class

(Dollars in thousands)

	March 31, 2018						December 31, 2017
	(unaudited)						(audited)
	Amount			% of Total			Amount			% of Total
Commercial real estate	$	87,388			31.7	%	$	79,565			31.5	%
Residential real estate and home equity		104,835			38.0			94,824			37.4
Construction		30,210			11.0			26,813			10.6
Commercial		46,022			16.7			44,027			17.4
Consumer		7,156			2.6			7,742			3.1
Total Loans		275,611			100.0	%		252,971			100.0	%
Net deferred loan costs		385						424
Allowance for loan losses		(3,385	)					(3,136	)
Loans, net	$	272,611					$	250,259

Total stockholders’ equity was $46.9 million, or 13.1% of total assets at March 31, 2018, compared to $47.0 million, or 13.5% of total assets, at December 31, 2017. Book value per share decreased slightly from $15.06 at December 31, 2017 to $15.03 at March 31, 2018, with 3,122,769 common shares outstanding. The slight decrease in book value was caused by an increase in the Company’s accumulated other comprehensive loss from $296,000 at December 31, 2017 to $841,000 at March 31, 2018 and a 3,792 increase in the number of shares outstanding.

As of March 31, 2018, the Bank was considered to be “well capitalized” with a Tier 1 Leverage Capital Ratio of 9.69%, a 12.38% Common Equity Tier 1 Risk-Based Capital Ratio, a 12.38% Tier 1 Risk-Based Capital Ratio, and a 13.61% Total Risk-Based Capital Ratio.

Asset Quality

Loans totaling $980,000 were deemed to be impaired under the Bank’s policy at March 31, 2018, while loans totaling $134,000 were deemed to be impaired under the Bank’s policy at December 31, 2017. At March 31, 2018, the Bank had three nonaccrual loans in the aggregate amount of $369,000 compared to two nonaccrual loans totaling $134,000 at December 31, 2017. Net charge-offs totaled $5,000 for the quarter ended March 31, 2018. Management believes that the allowance for loan losses which was $3.4 million, or 1.23% of gross loans, at March 31, 2018 is adequate.

About Prime Meridian Holding Company

Headquartered in Tallahassee, Florida, Prime Meridian Holding Company offers a broad range of banking services through its wholly owned subsidiary, Prime Meridian Bank, a Florida state-chartered non-member bank. Founded in 2008, the Bank serves its primary market of the Tallahassee

Metropolitan Statistical Area, but also serves clients in the North Florida and South Georgia markets. The Bank currently has three office locations, two in Tallahassee, and a third location in Crawfordville, Florida. As of March 31, 2018, the consolidated Company had 71 full-time equivalent employees. For more information about Prime Meridian Holding Company, please visit our website at www.primemeridianbank.com.

Tables Follow

Prime Meridian Holding Company and Subsidiary

Condensed Consolidated Statements of Earnings (Unaudited)

(dollars in thousands except per share data)

	Q1’18		Q4’17		Q3’17		Q2’17		Q1’17
Interest income:
Loans	$	3,274	$	3,091	$	3,025	$	2,838	$	2,635
Securities		288		274		252		248		209
Other		74		108		114		88		69
Total interest income		3,636		3,473		3,391		3,174		2,913
Interest Expense-Deposits		397		352		326		256		247
Total interest expense		397		352		326		256		247
Net interest income		3,239		3,121		3,065		2,918		2,666
Provision for loan losses		254		69		32		120		35
Net interest income after provision for loan losses		2,985		3,052		3,033		2,798		2,631
Noninterest income:
Service charges and fees on deposit accounts		87		81		80		81		80
Mortgage banking revenue		317		312		275		417		251
Income from bank-owned life insurance		11		11		12		11		12
Loss on sale of securities available for sale		—		—		—		—		(1	)
Other income		102		93		88		89		81
Total noninterest income		517		497		455		598		423
Noninterest expense:
Salaries and employee benefits		1,435		1,322		1,248		1,239		1,247
Occupancy and equipment		235		220		247		233		247
Professional fees		84		71		90		82		63
Marketing		207		134		129		157		154
FDIC/State Assessment		36		35		35		42		46
Software Maintenance, amortization and other		148		141		132		133		129
Other		359		382		321		333		323
Total noninterest expense		2,504		2,305		2,202		2,219		2,209
Earnings before income taxes		998		1,244		1,286		1,177		845
Income taxes		244		550		464		412		309
Net earnings	$	754	$	694	$	822	$	765	$	536
Basic earnings per share	$	0.24	$	0.21	$	0.26	$	0.30	$	0.27
Diluted earnings per share	$	0.24	$	0.21	$	0.26	$	0.30	$	0.27

Prime Meridian Holding Company and Subsidiary

Condensed Consolidated Statements of Earnings

	Three Months Ended
	March 31,
	unaudited
(in thousands, except per share amounts)	2018		2017
Interest income:
Loans	$	3,274	$	2,635
Securities		288		209
Other		74		69
Total interest income		3,636		2,913
Interest expense-Deposits		397		247
Total interest expense		397		247
Net interest income		3,239		2,666
Provision for loan losses		254		35
Net interest income after provision for loan losses		2,985		2,631
Noninterest income:
Service charges and fees on deposit accounts		87		80
Mortgage banking revenue		317		251
Income from bank-owned life insurance		11		12
Loss on sale of securities available for sale		—		(1	)
Other income		102		81
Total noninterest income		517		423
Noninterest expense:
Salaries and employee benefits		1,435		1,247
Occupancy and equipment		235		247
Professional fees		84		63
Marketing		207		154
FDIC/State assessment		36		46
Software maintenance, amortization and other		148		129
Other		359		323
Total noninterest expense		2,504		2,209
Earnings before income taxes		998		845
Income taxes		244		309
Net earnings	$	754	$	536
Earnings per common share:
Basic	$	0.24	$	0.27
Diluted		0.24		0.27
Cash dividends per common share(1)		0.10		0.07

⁽¹⁾ Annual cash dividends were paid during the first quarters of 2018 and 2017

Prime Meridian Holding Company and Subsidiary

Condensed Consolidated Balance Sheets

(in thousands)

	March 31, 2018		December 31, 2017		September 30, 2017		June 30, 2017		March 31, 2017
	(Unaudited)		(Audited)		(Unaudited)		(Unaudited)		(Unaudited)
Assets
Cash & cash equivalents		22,175	$	32,397	$	34,323	$	40,789	$	35,200
Securities available for sale		48,014		49,809		48,744		43,670		42,950
Loans, held for sale		6,394		5,880		7,459		3,803		2,695
Loans, net		272,611		250,259		245,160		242,149		225,742
Federal Home Loan Bank stock		355		316		316		274		274
Premises & equipment, net		4,936		4,872		4,935		5,012		5,091
Accrued interest receivable		985		978		875		818		782
Bank-owned life insurance		1,768		1,757		1,746		1,734		1,723
Other assets		1,060		912		983		1,016		1,072
Total Assets	$	358,298	$	347,180	$	344,541	$	339,265	$	315,529
Liabilities and Stockholders’ Equity
Noninterest-bearing demand deposits		73,736	$	76,216	$	70,704	$	74,185	$	69,244
Savings, NOW and money-market deposits		212,153		200,027		203,131		196,786		196,897
Time deposits		23,393		22,054		22,879		21,242		20,108
Total Deposits		309,282		298,297		296,714		292,213		286,249
Official checks		1,368		1,146		566		898		838
Other liabilities		708		764		934		689		880
Total Liabilities		311,358		300,207		298,214		293,800		287,967
Total Stockholders’ Equity		46,940		46,973		46,327		45,465		27,562
Total Liabilities and Stockholders’ Equity	$	358,298	$	347,180	$	344,541	$	339,265	$	315,529

Prime Meridian Holding Company and Subsidiary

Financial Highlights (Unaudited)

	Q1’18			Q4’17			Q3’17			Q2’17			Q1’17
Per Share Data:
Earnings per share - Basic	$	0.24		$	0.21		$	0.26		$	0.30		$	0.27
Earnings per share - Diluted		0.24			0.21			0.26			0.30			0.27
Book value per share		15.03			15.06			14.94			14.67			13.74
Weighted-average basic shares outstanding		3,120,613			3,105,003			3,100,309			2,589,921			2,005,868
Weighted-average diluted shares outstanding		3,123,442			3,107,301			3,103,544			2,592,898			2,009,156
Selected Performance Ratios and Other Data:
Return on average assets(1)		0.86	%		0.80	%		0.95	%		0.94	%		0.70	%
Return on average equity(1)		6.45			5.97			7.17			8.21			7.88
Average yield on earning assets		4.30			4.12			4.08			4.05			3.94
Net interest margin		3.83			3.70			3.68			3.73			3.60
Efficiency ratio(2)		66.67			63.71			62.56			63.11			71.51
Asset Quality Data:
Nonaccrual loans	$	369,000		$	134,000		$	60,000		$	137,000		$	805,000
Total nonperforming assets		369,000			134,000			60,000			137,000			805,000
Nonpeforming assets/total assets		0.10	%		0.04	%		0.02	%		0.04	%		0.26	%
Regulatory Capital Ratios:
Tier 1 Leverage Capital Ratio		9.69	%		9.48	%		9.38	%		9.67	%		8.65	%
Common Equity Tier I Capital Ratio		12.38			12.80			12.76			12.61			11.54
Tier I Risk Based Capital Ratio		12.38			12.80			12.76			12.61			11.54
Total Capital Ratio		13.61			14.01			13.97			13.82			12.79

¹  ROAA and ROAE are annualized

² Efficiency Ratio represents noninterest expense divided by the sum of net interest income plus noninterest income.

CONTACT:	Randy Guemple, Chief Financial Officer
	(850) 907-2301
	Prime Meridian Holding Company
	Website: www.primemeridianbank.com