0001558370-20-011744.txt : 20201026 0001558370-20-011744.hdr.sgml : 20201026 20201026165144 ACCESSION NUMBER: 0001558370-20-011744 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20201022 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20201026 DATE AS OF CHANGE: 20201026 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Meridian Corp CENTRAL INDEX KEY: 0001750735 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 831561918 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-55983 FILM NUMBER: 201261267 BUSINESS ADDRESS: STREET 1: 9 OLD LINCOLN HIGHWAY CITY: MALVERN STATE: PA ZIP: 19355 BUSINESS PHONE: 484-568-5000 MAIL ADDRESS: STREET 1: 9 OLD LINCOLN HIGHWAY CITY: MALVERN STATE: PA ZIP: 19355 8-K 1 mrbk-20201022x8k.htm 8-K
0001750735falseMeridian Corp00017507352020-10-222020-10-22

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

The Securities Exchange Act of 1934

October 22, 2020

Date of Report (Date of earliest event reported)

Graphic

(Exact name of registrant as specified in its charter)

​

​

​

​

​

Pennsylvania

 

000-55983

 

83-1561918

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Ident. No.)

 

 

 

 

 

9 Old Lincoln Highway, Malvern, Pennsylvania

 

19355

(Address of principal executive offices)

 

(Zip Code)

 

(484) 568-5000

Registrant’s telephone number, including area code

 

Not Applicable

(Former name or former address, if changed since last report.)

​

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4 (c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

​

Securities registered pursuant to Section 12(b) of the Act:

Title of each class:

    

Trading Symbol(s)

    

Name of each exchange on which registered:

Common Stock, $1 par value

​

MRBK

​

The NASDAQ Stock Market

​

​

​

Item 2.02.            Results of Operations and Financial Condition.

On October 26, 2020 Meridian Corporation issued a press release discussing the Corporation’s Third Quarter 2020 Results. A copy is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

The information in this Current Report on Form 8-K, including Exhibit 99.1 attached hereto and incorporated by reference into Item 2.02 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities under that Section. Furthermore, such information, including the exhibit attached hereto, shall not be deemed incorporated by reference into any of the Corporation’s reports or filings with the SEC, whether made before or after the date hereof, except as expressly set forth by specific reference in such report or filing. The information in this Current Report on Form 8-K, including the exhibit attached hereto, shall not be deemed an admission as to the materiality of any information in this Current Report on Form 8-K that is required to be disclosed solely to satisfy the requirements of Regulation FD.

Item 8.01.            Other Events.

Quarterly Dividend

On October 22, 2020, Meridian Corporation’s Board of Directors declared a cash dividend of $0.125 per common share, payable on November 23, 2020 to shareholders of record as of November 9, 2020.

Item 9.01.            Financial Statements and Exhibits.

(d)    Exhibits. The following exhibit is furnished herewith:

99.1 Press Release, issued October 26, 2020 by Meridian Corporation

​

EXHIBIT INDEX

​

​

​

Exhibit No.

 

Description of Exhibit

 

 

 

99.1

 

Press Release, issued October 26, 2020 by Meridian Corporation

​

​

​

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

​

​

​

​

​

 

MERIDIAN CORPORATION
(Registrant)

 

 

 

Dated:  October 26, 2020

 

 

 

 

 

 

By:

/s/  Denise Lindsay

 

 

 

 

Denise Lindsay

 

 

 

Executive Vice President and Chief Financial Officer

 

 

 

​

 

​

​

 EX-99.1 2 mrbk-20201022xex99d1.htm EX-99.1

Exhibit 99.1

Graphic

Meridian Corporation Reports Net Income of $9.2 Million, or $1.51 Per Diluted Share, in 3Q 2020 and Declares Quarterly Cash Dividend of $0.125 Per Share.

​

MALVERN, Pa., October 26, 2020 — Meridian Corporation (Nasdaq: MRBK) today reported:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

2020

​

2020

​

2020

​

2019

​

(Dollars in thousands, except per share data)

3rd QTR

​

2nd QTR

​

1st QTR

​

3rd QTR

​

Income:

​

​

​

​

​

​

​

​

​

​

​

​

Net income - consolidated

$

9,212

​

$

5,713

​

$

2,516

​

$

3,317

​

Diluted earnings per common share

$

1.51

​

$

0.94

​

$

0.39

​

$

0.52

​

​

“Meridian achieved historic earnings for the third quarter, with annualized return on average equity of 29.30% and annualized return on average assets of 2.29%. This resulted from cyclical and seasonally-high mortgage production, as well as growth in our core commercial loan business, including SBA loan and sale activities,” said Christopher J. Annas, Chairman and CEO. “The strength in housing throughout our markets in PA/NJ/DE/MD has provided lending opportunities in our construction business, and tremendous demand in mortgage. Despite the pandemic, our consistent outreach efforts are resulting in double digit commercial loan growth, which includes our new leasing business. We have also benefited from executing PPP loans for non-customers who bring their other business to us.”

“The mortgage business, which we expanded this year by bringing on a high-performing team in the MD/DC region, has been profitable for us each year since inception in 2010. It’s been a good hedge recently, as declining rates boost the refinance and purchase business while it narrowed our net interest margin. With an estimated $10 trillion in refi-eligible mortgage loans remaining, we think the business can stay robust for the next few quarters.”

“We are closely watching certain modified loans and other loans we consider at risk due to the COVID-19 induced economic slowdown. We added $4.0 million in loan loss provisions during the quarter to address the general deterioration in economic conditions,” Annas continued. The ratio of allowance for loan losses to total loans held for investment, was 1.27% as of September 30, 2020, up from the 0.98% recorded as of December 31, 2019. The ratio of allowance for loan losses to total loans held for investment, excluding loans at fair value and PPP loans (a non-GAAP measure), was 1.59% as of September 30, 2020, up from the 1.00% recorded as of December 31, 2019.

​

COVID-19 Pandemic Response Update

●SBA Paycheck Protection Program. As of September 30, 2020, Meridian has assisted 928 clients in need of short-term funding by providing nearly $260 million in PPP loans. Our PPP team has now moved on to working with borrowers to assist them through the forgiveness process.
●Industry Exposure. Meridian continues to monitor businesses substantially impacted by the pandemic. Commercial portfolios such as retail trade, hospitality, residential spec construction and advertising/marketing are notably more affected and have required assistance. At September 30, 2020, Meridian’s exposure as a percent of the total commercial loan portfolio to these industries was 1.9%, 1.9%, 5.0%, and 1.5%, respectively.
●Assistance Provided to Loan Customers. During the pandemic, Meridian also worked with commercial, construction and residential loan customers to provide assistance. In total, $154.1 million of loans covering approximately 200 borrowers were assisted with loan payment holidays of 3-6 months. As of October 23, 2020, $135.0 million of loans had returned to their original payment terms with $19.1 million in loans still in forbearance.

1

●Loan Loss Reserve. Meridian recorded a provision for loan losses of $4.0 million for the third quarter of 2020, in addition to the $3.2 million already provided for during the first and second quarters of 2020 combined, due to the continued economic uncertainty brought on by the COVID-19 pandemic. $1.5 million of the third quarter provision was related to a specific reserve placed on an impaired commercial loan.
●Liquidity and Capital Management. Meridian continues to be well positioned with adequate levels of cash, liquid assets, capital and reserves as of September 30, 2020. At September 30, 2020, Meridian’s tangible common equity to average tangible asset ratio was 7.26% and total risked based capital was 14.71%. All capital ratios are well in excess of regulatory requirements.

​

Income Statement Highlights

Third quarter 2020 compared with second quarter 2020:

​

●Net income was $9.2 million, an increase of $3.5 million, or 61.3%, driven by strong non-interest income for the quarter.
●Pre-tax, pre-provision income for the quarter was $15.9 million, an increase of $6.9 million or 76.5%. A reconciliation of this non-GAAP measure is included in the Appendix.
●Total revenue was $44.9 million, an increase of $11.2 million or 33.2%.
●Net interest income increased $1.1 million, or 9.7%, with interest expense down $293 thousand or 8.5%.
●Non-interest income increased $10.4 million or 55.5%, driven by mortgage banking revenue, fee income and gains on sale of securities.
oMortgage banking net revenue increased $5.0 million, or 29.9%, due to higher levels of originations and refinancings stemming from the historically low rate environment as well as the expansion of our mortgage division into Maryland that took place in the first quarter of 2020.
oThe increase in mortgage pipeline generated significant positive fair value changes in both derivative instruments as well as loans held-for-sale of $6.0 million, combined. These changes were partially offset by hedging losses of $2.6 million.
oThe net gain on sale of investment securities available for sale increased $1.3 million.
oOther fee income was up $390 thousand, or 91.4%, as fees for various services were up quarter over quarter due to an increase in business activity.
●Provision for loan losses was $4.0 million compared to the second quarter 2020 provision for loan losses of $1.6 million.
●Non-interest expenses increased $4.6 million, or 21.5%, driven by an increase in salaries and benefits.
●On October 22, 2020, the Board of Directors declared a quarterly cash dividend of $0.125 per common share, payable November 23, 2020, to shareholders of record as of November 9, 2020.

​

Balance Sheet Highlights

September 30, 2020 compared to December 31, 2019:

​

●Total assets increased $608.6 million, or 52.9%, to $1.8 billion as of September 30, 2020.
●Total loans increased $342.1 million, or 35.5%, to $1.3 billion as of September 30, 2020. PPP loans contributed $254.2 million net to this increase.
●Mortgage loans held for sale increased $191.4 million, or 568%, to $225.2 million as of September 30, 2020.
●Mortgage segment originated $1.5 billion in loans year-to-date September 30, 2020.
●Total deposits grew $357.9 million, or 42.0%, to $1.2 billion as of September 30, 2020.
●Non-interest bearing deposits grew $54.4 million, or 39.0%, to $193.9 million as of September 30, 2020.
●Borrowings from the Federal Reserve’s Paycheck Protection Program Liquidity Facility (“PPPLF”) were $236.0 million as of September 30, 2020.
●Meridian repurchased 316,625 shares of its common stock in the first quarter of 2020, at an average price of $18.10, fulfilling the previously announced repurchase authorization.

2

●Meridian Corporation established a $2 million stock purchase authorization with the Meridian Corporation Employee Stock Ownership Plan (“ESOP”). As of September 30, 2020 the ESOP had fully utilized the $2 million loan to purchase Meridian Corporation common shares.

​

​

Select Condensed Financial Information

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

For the Quarter Ended (Unaudited)

​

2020

​

2020

​

2020

​

2019

​

2019

(Dollars in thousands, except per share data)

September 30

​

June 30

​

March 31

​

December 31

​

September 30

Income:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Net income - consolidated

$

9,212

​

$

5,713

​

$

2,516

​

$

3,137

​

$

3,317

Basic earnings per common share

$

1.51

​

$

0.94

​

$

0.39

​

$

0.49

​

$

0.52

Diluted earnings per common share

$

1.51

​

$

0.94

​

$

0.39

​

$

0.49

​

$

0.52

Net interest income - consolidated

$

12,715

​

$

11,597

​

$

9,666

​

$

9,664

​

$

9,274

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

At the Quarter Ended (Unaudited)

​

2020

​

2020

​

2020

​

2019

​

2019

​

September 30

​

June 30

​

March 31

​

December 31

​

September 30

Balance Sheet:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Total assets

$

1,758,648

​

$

1,579,083

​

$

1,303,442

​

$

1,150,019

​

$

1,126,937

Loans, net of fees and costs

​

1,306,846

​

​

1,262,968

​

​

1,021,561

​

​

964,710

​

​

935,858

Total deposits

​

1,209,024

​

​

1,166,697

​

​

993,753

​

​

851,168

​

​

858,461

Non-interest bearing deposits

​

193,851

​

​

214,367

​

​

140,826

​

​

139,450

​

​

129,302

Stockholders' Equity

​

131,832

​

​

125,518

​

​

118,033

​

​

120,695

​

​

117,772

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

At the Quarter Ended (Unaudited)

​

2020

​

2020

​

2020

​

2019

​

2019

​

September 30

​

June 30

​

March 31

​

December 31

​

September 30

Balance Sheet (Average Balances):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Total assets

$

1,598,306

​

$

1,477,120

​

$

1,156,682

​

$

1,105,246

​

$

1,059,456

Loans, net of fees and costs

​

1,275,046

​

​

1,194,197

​

​

981,303

​

​

956,598

​

​

912,781

Total deposits

​

1,180,332

​

​

1,155,690

​

​

926,741

​

​

859,611

​

​

844,568

Non-interest bearing deposits

​

193,020

​

​

223,253

​

​

137,141

​

​

137,578

​

​

126,101

Stockholders' Equity

​

125,053

​

​

119,937

​

​

120,469

​

​

119,575

​

​

116,547

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

At the Quarter Ended (Unaudited)

​

2020

​

2020

​

2020

​

2019

​

2019

​

September 30

​

June 30

​

March 31

​

December 31

​

September 30

Performance Ratios:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Return on average assets - consolidated

​

2.29%

​

​

1.56%

​

​

0.87%

​

​

1.13%

​

​

1.24%

Return on average equity - consolidated

​

29.30%

​

​

19.16%

​

​

8.40%

​

​

10.41%

​

​

11.29%

​

​

​

​

​

​

3

Income Statement Summary

Third Quarter 2020 Compared to Second Quarter 2020

Net income was $9.2 million, or $1.51 per diluted share, for the third quarter of 2020 compared to net income of $5.7 million, or $0.94 per diluted share, for the second quarter of 2020. The increase quarter-over-quarter was due largely to the increase in net interest income of $1.1 million, combined with increased non-interest income of $10.4 million, partially offset by increases in the provision for loan losses, non-interest expense and income taxes of $2.3 million, $4.6 million, and $1.1 million, respectively.

Net interest income increased $1.1 million, or 9.7%, to $12.7 million from $11.6 million for the second quarter of 2020. The growth in net interest income for the third quarter of 2020 compared to the second quarter of 2020 reflects an increase in average interest earning assets of $127.2 million. The increase in average interest earning assets over this period was the result of increased PPP loans, commercial real estate loans, along with an increase to the average balance on residential real estate loans held for sale. The net interest margin held steady at 3.26% for the third quarter of 2020 compared to 3.27% for the second quarter due to a 21 basis point decline in interest expense on deposits which nearly offset the decline in the yield on the loan portfolio. The margin was impacted 21 basis points from the effects of the PPP loan program combined with the use of PPPLF borrowings.

The provision for loan losses was $4.0 million for the third quarter of 2020, compared to a $1.6 million provision for the second quarter of 2020. These provisions were due largely to qualitative provisioning for the continued economic uncertainty as a result of the COVID-19 pandemic, while the third quarter provision was also impacted by a $1.5 million specific reserve placed on an impaired commercial loan.

Total non-interest income for the third quarter of 2020 was $29.1 million, up $10.4 million or 55.5%, from the second quarter of 2020. This increase in non-interest income came primarily from our mortgage division. Mortgage banking net revenue increased $5.0 million or 29.9% over the second quarter of 2020. The significant increase in the third quarter of 2020 came from increased levels of mortgage loan originations due to both the expansion of the division into Maryland as well as the favorable rate environment for refinance activity. Our mortgage division originated $708.1 million in loans during the three months ended September 30, 2020, an increase of $172.2 million, or 32.1%, from the prior quarter. Refinance activity represented 54% of the total residential mortgage loans originated for the third quarter of 2020, compared to 64% for the second quarter of 2020. The increase in the mortgage pipeline as a result of the expansion and the refinance activity generated significant positive fair value changes in derivative instruments and loans held-for-sale. These fair value changes increased non-interest income a combined $3.0 million during the third quarter of 2020 compared to the second quarter of 2020. The decrease in net hedging losses of $664 thousand also had a positive impact on non-interest income.

Wealth management revenue increased $98 thousand, or 11.5%, quarter-over-quarter due to the more favorable market conditions that existed in the third quarter, compared to the second quarter. Wealth management revenue is largely based on the valuation of assets under management measured at the end of the prior quarter, therefore this revenue for the third quarter was aided by the rebound of the financial markets at the end of the second quarter, despite the impact of the pandemic.

Non-interest income from the sales of investments amounted to $1.3 million during the quarter. Other fee income was up $390 thousand or 91.1% from the second quarter of 2020 due to $188 thousand in swap fee income recorded in the third quarter of 2020, combined with an increase of $85 thousand in MLSS fee income as loan closing activity increased quarter over quarter. Fee income was also up due to an increase of $73 thousand in other mortgage fee income.

Total non-interest expense for the third quarter of 2020 was $25.8 million, up $4.6 million or 21.5%, from the second quarter of 2020. The increase is largely attributable to the variable expenses from our mortgage division during the quarter, particularly commissions. Total salaries and employee benefits expense was $20.4 million, an increase of $4.2 million or 26.2%, compared to the second quarter of 2020. Of this increase, $3.0 million relates to the mortgage division. Full-time equivalent employees, particularly in the mortgage division, increased quarter over quarter. As noted above, in

4

the first quarter of 2020 we expanded our mortgage division into Maryland and to date we have hired nearly 90 individuals.

Advertising expenses increased by $176 thousand or 29.1% during the third quarter of 2020, due mainly to an increase in marketing related costs from the mortgage division. Professional fees decreased $89 thousand or 11.6%, from the second quarter of 2020 due a decrease in certain audit related fees and external legal costs, offset by an increase in consulting costs due to an increase in projects of the bank.

​

Third Quarter 2020 Compared to Third Quarter 2019

Net income was $9.2 million, or $1.51 per diluted share for the third quarter of 2020 compared to net income of $3.3 million, or $0.52 per diluted share, for the third quarter of 2019. The increase was due largely to the increase in interest income on loans, combined with an increase in mortgage banking activity.

Net interest income increased $3.4 million, or 37.1%, over net interest income of $9.3 million for the third quarter of 2019. The growth in net interest income for the third quarter of 2020 compared to the same period in 2019 reflects an increase in average interest earning assets of $538.1 million partially offset by the decrease in the net interest margin of 35 basis points. The decrease in net interest margin is a result of the 122 basis point decline overall in the yield on the loan portfolio, offset somewhat by a 111 basis point decline in interest expense on deposit balances.

The provision for loan losses of $4.0 million for the third quarter of 2020 was due largely to qualitative provisioning for the continued economic uncertainty as a result of the COVID-19 pandemic, combined with a $1.5 million specific reserve placed on an impaired commercial loan. The provision for loan losses was $705 thousand for the third quarter of 2019.

Total non-interest income for the third quarter of 2020 was $29.1 million, up $19.9 million or 215.6% from the comparable period in 2019. This overall increase in non-interest income came primarily from our mortgage division. Mortgage banking net revenue increased $14.5 million or 198.2% over the third quarter of 2019. The significant increase in 2020 came from increased levels of mortgage loan originations due to both the expansion of the division into Maryland as well as the favorable rate environment for refinance activity. Our mortgage division originated $708.1 million in loans during the third quarter of 2020, an increase of $517.4 million, or 271.2%, from the third quarter of 2019. Refinance activity represented 54% of the total loans originated for the third quarter of 2020, compared to 46% for the third quarter of 2019. The increase in the mortgage pipeline as a result of the expansion and the refinance activity generated significant positive fair value changes in derivative instruments and loans held-for-sale. These fair value changes increased non-interest income a combined $6.0 million during the third quarter of 2020 compared to an increase of $54 thousand for the third quarter of 2019. These changes were offset by increases in net hedging losses of $2.3 million for the third quarter of 2020.

Non-interest income from the sales of SBA 7(a) loans increased $23 thousand year-over-year as the number of loans sold for the three months ended September 30, 2020 outpaced the number of SBA loans sold in the prior year comparable quarter. Wealth management revenue increased $29 thousand year-over-year due to the favorable market conditions discussed above. Other fee income was up $387 thousand or 89.8% from the third quarter of 2019 due to $188 thousand in swap fee income recorded in the third quarter of 2020, combined with an increase of $85 thousand in MLSS fee income as loan closing activity increased quarter over quarter. Fee income was also up due to an increase of $73 thousand in other mortgage fee income.

Total non-interest expense for the third quarter of 2020 was $25.8 million, up $12.3 million or 90.7%, from the comparable period in 2019. The increase is largely attributable to an increase in salaries and employee benefits expense, which increased $11.1 million or 119.4%, from the comparable period in 2019. Of this increase, $10.0 million relates to the mortgage division. Full-time equivalent employees, particularly in the mortgage division, increased from the prior year comparable quarter as we expanded our mortgage division into Maryland with the hiring of nearly 90 individuals

5

since the first quarter of 2020. The number of full time employees at Meridian, particularly in SBA and lease lending, also increased over this period.

Loan expenses increased $300 thousand or 156.3%, from the comparable period in 2019, reflecting the higher levels of loan originations. Occupancy expense increased $162 thousand or 17.1%, from the third quarter of 2019 as the result of rent expense incurred at loan production locations for our mortgage division expansion into Maryland. Advertising and promotion expense increased $207 thousand, or 36.1%, from the comparable period in 2019. This increase was due to an increase in the number and length of advertising campaigns in addition to an increase in marketing costs for the mortgage division. Data processing costs increased $117 thousand or 34.2%, from the third quarter of 2019 as the result of increased loan processing activity from our mortgage division, combined with processing activity relating to PPP loans. Professional fees decreased $139 thousand or 17.0% due to a decline in legal and consulting expenses. Other expenses were up $481 thousand or 55.7%, as information technology related costs increased $99 thousand, FDIC and PA shares tax bank assessments due to the growing size of the Corporation increased $180 thousand, combined with an increase of $126 thousand in miscellaneous expenses.

​

Nine Months Ended September 30, 2020 Compared to Nine Months Ended September 30, 2019

Net income was $17.4 million, or $2.82 per diluted share, for the nine months ended September 30, 2020 compared to net income of $7.3 million, or $1.14 per diluted share, for the nine months ended September 30, 2019. The increase was due largely to the increase in net interest income of $7.3 million, combined with increased non-interest income of $34.3 million, partially offset by increases in the provision for loan losses, non-interest expense, and income taxes of $6.2 million, $22.2 million, and $3.2 million, respectively.

Net interest income increased $7.3 million, or 27.4%, to $34.0 million from $26.7 million, for the nine months ended September 30, 2020. The growth in net interest income over this period reflects an increase in average interest earning assets of $393.8 million. The increase in average interest earning assets over this period was the result of the addition of PPP loans in 2020, as well as increases in the average balances of commercial real estate loans, commercial loans, small business loans, and construction loans, along with an increase to the average balance of residential real estate loans held for sale. The net interest margin declined to 3.33% for the nine months ended September 30, 2020 from 3.67% for the nine months ended September 30, 2019 due to a decline in the yield on loans of 97 basis points, while the cost of funds also declined over this period by 73 basis points. The margin over this period was impacted 13 basis points from the effects of the PPP loan program combined with the use of PPPLF borrowings.

The provision for loan losses was $7.1 million for the nine months ended September 30, 2020, compared to a $938 thousand provision for the nine months ended September 30, 2019. The provision for the current year period was due largely to qualitative provisioning for the continued economic uncertainty as a result of the COVID-19 pandemic, combined with the impact of a $1.5 million specific reserve placed on an impaired commercial loan.

Total non-interest income for the nine months ended September 30, 2020 was $ 57.0 million, up $34.3 million or 151.5%, from the nine months ended September 30, 2019. This increase in non-interest income came primarily from our mortgage division as mortgage banking net revenue increased $27.8 million or 157.7% over the prior year period. The significant increase in the current year period came from increased levels of mortgage loan originations due to both the expansion of the division into Maryland as well as the favorable rate environment for refinance activity. Our mortgage division originated $1.5 billion in loans during the nine months ended September 30, 2020, an increase of $895.6 million, or 148.5%, from the prior year period. Refinance activity represented 59% of the total residential mortgage loans originated for the nine months ended September 30, 2020, compared to 30% for the nine months ended September 30, 2019. The increase in the mortgage pipeline as a result of the expansion and the refinance activity generated significant positive fair value changes in derivative instruments and loans held-for-sale. These fair value changes increased non-interest income a combined $10.8 million during the nine months ended September 30, 2020 compared to the nine months ended September 30, 2019. These changes were offset by increases in net hedging losses of $6.6 million.

6

Wealth management revenue increased $127 thousand, or 4.7%, year-over-year due to the more favorable market conditions that existed in the nine months ended September 30, 2020, compared to the prior year comparable period.

Non-interest income from the sales of investments amounted to $1.3 million for the nine months ended September 30, 2020, an increase of $1.1 million from the prior year period, while income from the sales of SBA 7(a) loans increased $671 thousand, or 58.3%, from the prior year period, to $1.8 million. Other fee income was up $504 thousand or 42.7% for the nine months ended September 30, 2020, from the nine months ended September 30, 2019 due to $255 thousand in swap fee income recorded in the current year period, combined with increases of $153 thousand and $201 thousand in MLSS fee income, and mortgage fee income, respectively, as loan closing activity increased period-over-period.

Total non-interest expense for the nine months ended September 30, 2020 was $61.2 million, up $22.2 million or 56.9%, from the nine months ended September 30, 2019. The increase is largely attributable to the variable expenses from loan originations overall, particularly mortgage commissions. Total salaries and employee benefits expense was $46.5 million, an increase of $20.7 million or 80.4%, compared to the nine months ended September 30, 2019. Of this increase, $18.9 million relates to the mortgage division. Full-time equivalent employees, particularly in the mortgage division, increased year-over-year. As noted above, in the first quarter of 2020, we expanded our mortgage division into Maryland with the hiring of nearly 90 individuals year to date.

Loan expenses increased by $628 thousand or 133.1% for the nine months ended September 30, 2020, reflecting the higher levels of commercial and consumer loan originations during the current year. Advertising expenses increased by $227 thousand or 12.8% during the nine months ended September 30, 2020, due mainly to an increase in marketing related costs from the mortgage division. Professional fees increased $118 thousand or 5.9%, compared to the prior year period due to a decrease in certain audit related fees and external legal costs, offset by an increase in consulting costs for bank-wide projects.

​

Balance Sheet Summary

As of September 30, 2020, total assets were $1.8 billion compared with $1.2 billion as of December 31, 2019 and $1.1 billion as of September 30, 2019. Total assets increased $608.6 million, or 52.9%, from December 31, 2019 and $631.7 million, or 56.1%, from September 30, 2019, primarily due to strong loan growth.

Total loans, excluding mortgage loans held-for-sale, grew $342.1 million, or 35.5%, to $1.3 billion as of September 30, 2020, from $964.7 million as of December 31, 2019 and $371.0 million or 39.6% from $935.9 million as of September 30, 2019. The increase in loans for both periods is attributable largely to the $260 million in PPP loans granted to borrowers during the nine months ended September 30, 2020. There was also growth in several commercial categories as we continue to grow our presence in the Philadelphia market area. Commercial real estate loans increased $103.8 million, or 27.8% from December 31, 2019, and $113.3 million, or 31.2% from September 30, 2019. Commercial loans decreased $14.4 million, or 7.2%, from December 31, 2019, and $7.6 million, or 3.9% from September 30, 2019. Small business loans increased $22.8 million, or 104.4% from December 31, 2019, and $29.9 million, or 203.3% from September 30, 2019. Residential mortgage loans held for sale increased $191.5 million, or 568.0%, to $225.2 million as of September 30, 2020 from $33.7 million at December 31, 2019 and $176.5 million from $48.6 million as of September 30, 2019. The increase in mortgage originations is primarily the result of the expansion of our mortgage division into Maryland as well as the increase in refinance activity throughout all areas of our mortgage division.

Deposits were $1.2 billion as of September 30, 2020, up $357.9 million, or 42.0%, from December 31, 2019, and up $350.6 million, or 40.8%, from September 30, 2019. Non-interest bearing deposits increased $54.4 million, or 39.0%, from December 31, 2019 and increased $64.5 million, or 49.9%, from September 30, 2019. Interest-bearing checking accounts increased $124.2 million, or 131.6%, from December 31, 2019, and increased $138.0 million or 171.3% from September 30, 2019. Money market accounts/savings accounts increased $185.6 million, or 60.8% since December 31, 2019 and $163.4 million, or 49.9%, since September 30, 2019. Increases in core deposits were driven from PPP loan customers as well as new business and municipal relationships. Certificates of deposit decreased $6.4 million, or 2.0%, from December 31, 2019 and decreased $15.5 million, or 4.8%, from September 30, 2019.

7

Consolidated stockholders’ equity of the Corporation was $131.8 million, or 7.50% of total assets as of September 30, 2020, as compared to $120.7 million, or 10.50% of total assets as of December 31, 2019. The change in stockholders’ equity is the result of year-to-date net income of $17.4 million and an increase in unrealized gain on AFS securities of $1.5 million, partially offset by unearned compensation due to leveraged ESOP of $2 million and dividends paid of $756 thousand. As of September 30, 2020, the Tier 1 leverage ratio was 8.77% for the Corporation and 11.53% for the Bank, the Tier 1 risk-based capital and common equity ratios were 9.97% for the Corporation and 13.09% for the Bank, and total risk-based capital was 14.71% for the Corporation and 14.75% for the Bank. Quarter-end numbers show a tangible common equity to tangible assets ratio of 7.26% for the Corporation and 9.51% for the Bank. A reconciliation of this non-GAAP measure is included in the Appendix. Tangible book value per share was $20.76 as of September 30, 2020, compared with $18.09 as of December 31, 2019.

Asset Quality Summary

Asset quality remains strong year-over-year despite the pressures that the COVD-19 pandemic has had on businesses and the economy locally and nationally. Meridian realized net charge-offs of 0.01% of total average loans for the quarter ending September 30, 2020, compared with net recoveries of 0.03% for the quarter ended December 31, 2019 and net charge-offs of 0.00% for the quarter ended September 30, 2019. Total non-performing assets, including loans and other real estate property, were $7.9 million as of September 30, 2020, $3.4 million as of December 31, 2019, and $4.0 million as of September 30, 2019. The ratio of non-performing assets to total assets as of September 30, 2020 was 0.45% compared to 0.30% as of December 31, 2019 and 0.36% as of September 30, 2019. The ratio of allowance for loan losses to total loans, was 1.27% as of September 30, 2020, up from the 0.98% recorded as of December 31, 2019 and 1.00% as of September 30, 2019. The ratio of allowance for loan losses to total loans held for investment, excluding loans at fair value and PPP loans (a non-GAAP measure), was 1.59% as of September 30, 2020, up from the 1.00% recorded as of December 31, 2019 and 1.01% as of September 30, 2019. PPP loans are excluded from calculation of this ratio as they are guaranteed by the SBA and therefore we have not provided for in the allowance for loan losses. A reconciliation of this non-GAAP measure is included in the Appendix.

About Meridian Corporation

Meridian Bank, the wholly owned subsidiary of Meridian Corporation, is an innovative community bank serving Pennsylvania, New Jersey, Delaware and Maryland with more than 20 offices and a full suite of financial products and services. Meridian specializes in business and industrial lending, retail and commercial real estate lending, electronic payments, and wealth management solutions through Meridian Wealth Partners. Meridian also offers a broad menu of high-yield depository products supported by robust online and mobile access. For additional information, visit our website at www.meridianbanker.com. Member FDIC.

“Safe Harbor” Statement

In addition to historical information, this press release may contain “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements with respect to Meridian Corporation’s strategies, goals, beliefs, expectations, estimates, intentions, capital raising efforts, financial condition and results of operations, future performance and business. Statements preceded by, followed by, or that include the words “may,” “could,” “should,” “pro forma,” “looking forward,” “would,” “believe,” “expect,” “anticipate,” “estimate,” “intend,” “plan,” or similar expressions generally indicate a forward-looking statement. These forward-looking statements involve risks and uncertainties that are subject to change based on various important factors (some of which, in whole or in part, are beyond Meridian Corporation’s control). Numerous competitive, economic, regulatory, legal and technological factors, risks and uncertainties that could cause actual results to differ materially include, without limitation, the current COVID-19 pandemic and government responses thereto, among others, could cause Meridian Corporation’s financial performance to differ materially from the goals, plans, objectives, intentions and expectations expressed in such forward-looking statements. Meridian Corporation cautions that the foregoing factors are not exclusive, and neither such factors nor any such forward-looking statement takes into account the impact of any future events. All forward-looking statements and information set forth herein are based on management’s current beliefs and assumptions as of the date hereof and speak only as of the date they are made. For a more complete discussion of the assumptions, risks and uncertainties related to our business, you are encouraged to

8

review Meridian Corporation’s filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2019 subsequently filed quarterly reports on Form 10-Q and current reports on Form 8-K that update or provide information in addition to the information included in the Form 10-K and Form 10-Q filings, if any. Meridian Corporation does not undertake to update any forward-looking statement whether written or oral, that may be made from time to time by Meridian Corporation or by or on behalf of Meridian Bank.

​

FINANCIAL TABLES FOLLOW

​

9

APPENDIX - FINANCIAL RATIOS

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Quarterly

​

2020

​

2020

​

2020

​

2019

​

2019

(Dollars in thousands, except per share data)

3rd QTR

​

2nd QTR

​

1st QTR

​

4th QTR

​

3rd QTR

Earnings and Per Share Data

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Net income

$

9,212

​

$

5,713

​

$

2,516

​

$

3,137

​

$

3,317

Basic earnings per common share

​

1.51

​

​

0.94

​

​

0.39

​

​

0.49

​

​

0.52

Diluted earnings per common share

​

1.51

​

​

0.94

​

​

0.39

​

​

0.49

​

​

0.52

Common shares outstanding

​

6,130

​

​

6,094

​

​

6,094

​

​

6,404

​

​

6,408

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Performance Ratios

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Return on average assets - consolidated

​

2.29%

​

​

1.56%

​

​

0.87%

​

​

1.13%

​

​

1.24%

Return on average equity - consolidated

​

29.30%

​

​

19.16%

​

​

8.40%

​

​

10.41%

​

​

11.29%

Net interest margin (TEY)

​

3.26%

​

​

3.27%

​

​

3.49%

​

​

3.61%

​

​

3.61%

Net interest margin (TEY, excluding PPP loans and borrowings) (1)

​

3.47%

​

​

3.41%

​

​

3.49%

​

​

3.61%

​

​

3.61%

Yield on earning assets (TEY)

​

4.07%

​

​

4.24%

​

​

4.98%

​

​

5.18%

​

​

5.29%

Yield on earning assets (TEY, excluding PPP loans) (1)

​

4.39%

​

​

4.50%

​

​

4.98%

​

​

5.18%

​

​

5.29%

Cost of funds

​

0.86%

​

​

1.09%

​

​

1.62%

​

​

1.71%

​

​

1.83%

Efficiency ratio

​

62%

​

​

70%

​

​

74%

​

​

77%

​

​

73%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Asset Quality Ratios

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Net charge-offs (recoveries) to average loans

​

0.01%

​

​

0.00%

​

​

0.00%

​

​

(0.03%)

​

​

0.00%

Non-performing loans/Total loans

​

0.52%

​

​

0.54%

​

​

0.58%

​

​

0.34%

​

​

0.40%

Non-performing assets/Total assets

​

0.45%

​

​

0.47%

​

​

0.51%

​

​

0.30%

​

​

0.36%

Allowance for loan losses/Total loans held for investment

​

1.27%

​

​

1.01%

​

​

1.08%

​

​

0.98%

​

​

1.00%

Allowance for loan losses/Total loans held for investment (excluding loans at fair value and PPP loans) (1)

​

1.59%

​

​

1.27%

​

​

1.10%

​

​

1.00%

​

​

1.01%

Allowance for loan losses/Non-performing loans

​

209.46%

​

​

170.59%

​

​

168.28%

​

​

281.24%

​

​

236.95%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Capital Ratios

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Book value per common share

$

21.51

​

$

20.60

​

$

19.37

​

$

18.84

​

$

18.38

Tangible book value per common share

$

20.76

​

$

19.84

​

$

18.60

​

$

18.09

​

$

17.62

Total equity/Total assets

​

7.50%

​

​

7.95%

​

​

9.06%

​

​

10.50%

​

​

10.45%

Tangible common equity/Tangible assets - Corporation (1)

​

7.26%

​

​

7.68%

​

​

8.73%

​

​

10.12%

​

​

10.06%

Tangible common equity/Tangible assets - Bank (1)

​

9.51%

​

​

10.15%

​

​

11.77%

​

​

13.52%

​

​

10.06%

Tier 1 leverage ratio - Corporation

​

8.77%

​

​

8.06%

​

​

9.80%

​

​

10.55%

​

​

10.69%

Tier 1 leverage ratio - Bank

​

11.53%

​

​

10.71%

​

​

13.22%

​

​

14.08%

​

​

10.69%

Common tier 1 risk-based capital ratio - Corporation

​

9.97%

​

​

10.24%

​

​

10.12%

​

​

11.21%

​

​

11.25%

Common tier 1 risk-based capital ratio - Bank

​

13.09%

​

​

13.60%

​

​

13.66%

​

​

14.98%

​

​

11.25%

Tier 1 risk-based capital ratio - Corporation

​

9.97%

​

​

10.24%

​

​

10.12%

​

​

11.21%

​

​

11.25%

Tier 1 risk-based capital ratio - Bank

​

13.09%

​

​

13.60%

​

​

13.66%

​

​

14.98%

​

​

11.25%

Total risk-based capital ratio - Corporation

​

14.71%

​

​

14.91%

​

​

14.80%

​

​

16.10%

​

​

13.11%

Total risk-based capital ratio - Bank

​

14.75%

​

​

14.91%

​

​

14.84%

​

​

16.09%

​

​

13.11%

(1)Non-GAAP measure. See Appendix for Non-GAAP to GAAP reconciliation.

​

​

​

10

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Statements of Income (Unaudited)

​

Statements of Income (Unaudited)

​

​

Three Months Ended

​

Nine Months Ended

(Dollars in thousands)

    

September 30, 2020

    

September 30, 2019

​

September 30, 2020

​

September 30, 2019

Interest Income

​

​

​

​

​

​

​

​

​

​

​

​

Interest and fees on loans

​

$

15,321

​

$

13,152

​

$

43,048

​

$

37,686

Investments and cash

​

​

559

​

​

438

​

​

1,681

​

​

1,301

Total interest income

​

​

15,880

​

​

13,590

​

​

44,729

​

​

38,987

​

​

​

​

​

​

​

​

​

​

​

​

​

Interest Expense

​

​

​

​

​

​

​

​

​

​

​

​

Deposits

​

​

2,235

​

​

3,633

​

​

8,064

​

​

10,584

Borrowings

​

​

930

​

​

683

​

​

2,687

​

​

1,731

Total interest expense

​

​

3,165

​

​

4,316

​

​

10,751

​

​

12,315

​

​

​

​

​

​

​

​

​

​

​

​

​

Net interest income

​

​

12,715

​

​

9,274

​

​

33,978

​

​

26,672

Provision for loan losses

​

​

3,956

​

​

705

​

​

7,139

​

​

938

Net interest income after provision for loan losses

​

​

8,759

​

​

8,569

​

​

26,839

​

​

25,734

​

​

​

​

​

​

​

​

​

​

​

​

​

Non-Interest Income

​

​

​

​

​

​

​

​

​

​

​

​

Mortgage banking income

​

​

21,812

​

​

7,315

​

​

45,395

​

​

17,617

Wealth management income

​

​

951

​

​

922

​

​

2,825

​

​

2,698

SBA income

​

​

641

​

​

635

​

​

1,821

​

​

1,150

Earnings on investment in life insurance

​

​

70

​

​

74

​

​

210

​

​

218

Net change in fair value of derivative instruments

​

​

3,028

​

​

—

​

​

6,346

​

​

(16)

Net change in fair value of loans held for sale

​

​

2,932

​

​

54

​

​

4,424

​

​

(82)

Net change in fair value of loans held for investment

​

​

93

​

​

(24)

​

​

174

​

​

390

Loss on hedging activity

​

​

(2,637)

​

​

(300)

​

​

(7,363)

​

​

(792)

Gain on sale of investment securities available-for-sale

​

​

1,290

​

​

74

​

​

1,345

​

​

212

Unrealized gains on equity securities

​

​

34

​

​

—

​

​

34

​

​

—

Service charges

​

​

28

​

​

28

​

​

77

​

​

82

Other

​

​

818

​

​

431

​

​

1,684

​

​

1,179

Total non-interest income

​

​

29,060

​

​

9,209

​

​

56,972

​

​

22,656

​

​

​

​

​

​

​

​

​

​

​

​

​

Non-Interest Expenses

​

​

​

​

​

​

​

​

​

​

​

​

Salaries and employee benefits

​

​

20,447

​

​

9,319

​

​

46,529

​

​

25,789

Occupancy and equipment

​

​

1,108

​

​

946

​

​

3,159

​

​

2,845

Loan expenses

​

​

492

​

​

192

​

​

1,100

​

​

472

Professional fees

​

​

681

​

​

820

​

​

2,118

​

​

2,000

Advertising and promotion

​

​

781

​

​

574

​

​

1,996

​

​

1,769

Data processing

​

​

460

​

​

343

​

​

1,260

​

​

990

Information technology

​

​

394

​

​

334

​

​

1,100

​

​

919

Communications

​

​

126

​

​

155

​

​

443

​

​

510

Other

​

​

1,345

​

​

864

​

​

3,447

​

​

3,686

Total non-interest expenses

​

​

25,834

​

​

13,547

​

​

61,152

​

​

38,980

​

​

​

​

​

​

​

​

​

​

​

​

​

Income before income taxes

​

​

11,985

​

​

4,231

​

​

22,659

​

​

9,410

Income tax expense

​

​

2,773

​

​

914

​

​

5,218

​

​

2,065

Net Income

​

$

9,212

​

$

3,317

​

$

17,441

​

$

7,345

​

​

​

​

​

​

​

​

​

​

​

​

​

Weighted-average basic shares outstanding

​

​

6,099

​

​

6,407

​

​

6,172

​

​

6,407

Basic earnings per common share

​

$

1.51

​

$

0.52

​

$

2.83

​

$

1.15

​

​

​

​

​

​

​

​

​

​

​

​

​

Adjusted weighted-average diluted shares outstanding

​

​

6,110

​

​

6,437

​

​

6,193

​

​

6,436

Diluted earnings per common share

​

$

1.51

​

$

0.52

​

$

2.82

​

$

1.14

​

11

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Statement of Condition (Unaudited)

(Dollars in thousands)

September 30, 2020

​

June 30, 2020

​

March 31, 2020

​

December 31, 2019

​

September 30, 2019

Assets

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Cash & cash equivalents

$

75,869

​

$

46,741

​

$

37,522

​

$

39,371

​

$

40,532

Investment securities

​

110,936

​

​

104,712

​

​

99,324

​

​

68,645

​

​

61,571

Mortgage loans held for sale

​

225,150

​

​

117,691

​

​

107,506

​

​

33,704

​

​

48,615

Loans, net of fees and costs

​

1,306,846

​

​

1,262,968

​

​

1,021,561

​

​

964,710

​

​

935,858

Allowance for loan losses

​

(16,573)

​

​

(12,706)

​

​

(11,098)

​

​

(9,513)

​

​

(9,312)

Bank premises and equipment, net

​

8,065

​

​

8,284

​

​

8,410

​

​

8,636

​

​

8,929

Bank owned life insurance

​

12,069

​

​

11,999

​

​

11,930

​

​

11,859

​

​

11,787

Other real estate owned

​

—

​

​

—

​

​

—

​

​

120

​

​

120

Goodwill and intangible assets

​

4,568

​

​

4,636

​

​

4,704

​

​

4,773

​

​

4,841

Other assets

​

31,718

​

​

34,758

​

​

23,583

​

​

27,714

​

​

23,996

Total Assets

$

1,758,648

​

$

1,579,083

​

$

1,303,442

​

$

1,150,019

​

$

1,126,937

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Liabilities & Stockholders’ Equity

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Liabilities

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Non-interest bearing deposits

$

193,851

​

$

214,367

​

$

140,826

​

$

139,450

​

$

129,302

Interest bearing deposits

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Interest checking

​

218,637

​

​

212,596

​

​

183,381

​

​

94,416

​

​

80,588

Money market / savings accounts

​

491,079

​

​

419,886

​

​

362,370

​

​

305,473

​

​

327,643

Certificates of deposit

​

305,457

​

​

319,848

​

​

307,176

​

​

311,829

​

​

320,928

Total interest bearing deposits

​

1,015,173

​

​

952,330

​

​

852,927

​

​

711,718

​

​

729,159

Total deposits

​

1,209,024

​

​

1,166,697

​

​

993,753

​

​

851,168

​

​

858,461

Borrowings

​

354,370

​

​

232,491

​

​

134,730

​

​

126,799

​

​

131,588

Subordinated debt

​

40,814

​

​

40,809

​

​

40,885

​

​

40,962

​

​

9,176

Other liabilities

​

22,608

​

​

13,568

​

​

16,041

​

​

10,395

​

​

9,940

Total Liabilities

​

1,626,816

​

​

1,453,565

​

​

1,185,409

​

​

1,029,324

​

​

1,009,165

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Stockholders' Equity

​

131,832

​

​

125,518

​

​

118,033

​

​

120,695

​

​

117,772

Total Liabilities & Stockholders’ Equity

$

1,758,648

​

$

1,579,083

​

$

1,303,442

​

$

1,150,019

​

$

1,126,937

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

12

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Condensed Statements of Income (Unaudited)

​

Three Months Ended

(Dollars in thousands)

September 30, 2020

​

June 30, 2020

​

March 31, 2020

​

December 31, 2019

    

September 30, 2019

Interest income

$

15,880

​

$

15,055

​

$

13,794

​

$

13,877

​

$

13,590

Interest expense

​

3,165

​

​

3,458

​

​

4,128

​

​

4,213

​

​

4,316

Net interest income

​

12,715

​

​

11,597

​

​

9,666

​

​

9,664

​

​

9,274

Provision for loan losses

​

3,956

​

​

1,631

​

​

1,552

​

​

(38)

​

​

705

Non-interest income

​

29,060

​

​

18,692

​

​

9,220

​

​

8,343

​

​

9,209

Non-interest expense

​

25,834

​

​

21,255

​

​

14,063

​

​

13,941

​

​

13,547

Income before income tax expense

​

11,985

​

​

7,403

​

​

3,271

​

​

4,104

​

​

4,231

Income tax expense

​

2,773

​

​

1,690

​

​

755

​

​

967

​

​

914

Net Income

$

9,212

​

$

5,713

​

$

2,516

​

$

3,137

​

$

3,317

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Weighted-average basic shares outstanding

​

6,099

​

​

6,094

​

​

6,383

​

​

6,407

​

​

6,407

Basic earnings per common share

$

1.51

​

$

0.94

​

$

0.39

​

$

0.49

​

$

0.52

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Adjusted weighted-average diluted shares outstanding

​

6,110

​

​

6,107

​

​

6,420

​

​

6,443

​

​

6,437

Diluted earnings per common share

$

1.51

​

$

0.94

​

$

0.39

​

$

0.49

​

$

0.52

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Segment Information

​

​

Three Months Ended September 30, 2020

​

Three Months Ended September 30, 2019

(Dollars in thousands)

    

Bank

    

Wealth

    

Mortgage

    

Total

    

Bank

    

Wealth

    

Mortgage

    

Total

Net interest income

​

$

12,104

​

(19)

​

630

​

12,715

​

$

9,203

​

4

​

67

​

9,274

Provision for loan losses

​

​

3,956

​

—

​

—

​

3,956

​

​

705

​

—

​

—

​

705

Net interest income after provision

​

​

8,148

​

(19)

​

630

​

8,759

​

​

8,498

​

4

​

67

​

8,569

Non-interest income

​

​

3,256

​

951

​

24,853

​

29,060

​

​

1,251

​

891

​

7,067

​

9,209

Non-interest expense

​

​

8,829

​

788

​

16,217

​

25,834

​

​

6,915

​

834

​

5,798

​

13,547

Income before income taxes

​

$

2,575

​

144

​

9,266

​

11,985

​

$

2,834

​

61

​

1,336

​

4,231

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Segment Information

​

​

Nine Months Ended September 30, 2020

​

Nine Months Ended September 30, 2019

(Dollars in thousands)

    

Bank

    

Wealth

    

Mortgage

    

Total

    

Bank

    

Wealth

    

Mortgage

    

Total

Net interest income

​

$

32,725

​

(24)

​

1,277

​

33,978

​

$

26,437

​

68

​

167

​

26,672

Provision for loan losses

​

​

7,139

​

—

​

—

​

7,139

​

​

938

​

—

​

—

​

938

Net interest income after provision

​

​

25,586

​

(24)

​

1,277

​

26,839

​

​

25,499

​

68

​

167

​

25,734

Non-interest income

​

​

5,657

​

2,839

​

48,476

​

56,972

​

​

2,795

​

2,588

​

17,273

​

22,656

Non-interest expense

​

​

23,341

​

2,363

​

35,448

​

61,152

​

​

20,312

​

2,268

​

16,400

​

38,980

Income before income taxes

​

$

7,902

​

452

​

14,306

​

22,659

​

$

7,982

​

388

​

1,040

​

9,410

​

​

​

​

​

​

​

​

​

13

Reconciliation of Non-GAAP Financial Measures

Meridian believes that non-GAAP measures are meaningful because they reflect adjustments commonly made by management, investors, regulators and analysts to evaluate performance trends and the adequacy of common equity. This non-GAAP disclosure has limitations as an analytical tool, should not be viewed as a substitute for performance and financial condition measures determined in accordance with GAAP, and should not be considered in isolation or as a substitute for analysis of Meridian’s results as reported under GAAP, nor is it necessarily comparable to non-GAAP performance measures that may be presented by other companies.

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Pre-tax, Pre-provision Reconciliation (Unaudited)

​

​

2020

​

2020

​

2020

​

2019

​

2019

(Dollars in thousands)

​

3rd QTR

​

2nd QTR

​

1st QTR

​

4th QTR

​

3rd QTR

Income before income tax expense

​

$

11,985

​

$

7,403

​

$

3,271

​

$

4,104

​

$

4,231

Provision for loan losses

​

​

3,956

​

​

1,631

​

​

1,552

​

​

(38)

​

​

705

Pre-tax, pre-provision income

​

$

15,941

​

$

9,034

​

$

4,823

​

$

4,066

​

$

4,936

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Reconciliation of PPP / PPPLF Impacted Yields (Unaudited)

​

​

2020

​

2020

​

2020

​

2019

​

2019

​

​

3rd QTR

​

2nd QTR

​

1st QTR

​

4th QTR

​

3rd QTR

Net interest margin (TEY)

​

​

3.26%

​

​

3.27%

​

​

3.49%

​

​

3.61%

​

​

3.61%

Impact of PPP loans and PPPLF borrowings

​

​

0.21%

​

​

0.14%

​

​

—

​

​

—

​

​

—

Net interest margin (TEY, excluding PPP loans and PPPLF borrowings)

​

​

3.47%

​

​

3.41%

​

​

3.49%

​

​

3.61%

​

​

3.61%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Yield on earning assets (TEY)

​

​

4.07%

​

​

4.24%

​

​

4.98%

​

​

5.18%

​

​

5.29%

Impact of PPP loans

​

​

0.32%

​

​

0.26%

​

​

—

​

​

—

​

​

—

Yield on earning assets (TEY, excluding PPP loans)

​

​

4.39%

​

​

4.50%

​

​

4.98%

​

​

5.18%

​

​

5.29%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Reconciliation of Allowance for Loan Losses / Total loans (Unaudited)

​

​

2020

​

2020

​

2020

​

2019

​

2019

​

​

3rd QTR

​

2nd QTR

​

1st QTR

​

4th QTR

​

3rd QTR

Allowance for loan losses / Total loans held for investment

​

​

1.27%

​

​

1.01%

​

​

1.08%

​

​

0.98%

​

​

1.00%

Less: Impact of loans held for investment - fair valued

​

​

0.00%

​

​

0.00%

​

​

0.02%

​

​

0.02%

​

​

0.01%

Less: Impact of PPP loans

​

​

0.32%

​

​

0.26%

​

​

—

​

​

—

​

​

—

Allowance for loan losses / Total loans held for investment (excl. loans at fair value and PPP loans)

​

​

1.59%

​

​

1.27%

​

​

1.10%

​

​

1.00%

​

​

1.01%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

14

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Tangible Common Equity Ratio Reconciliation - Corporation  (Unaudited)

​

​

2020

​

2020

​

2020

​

2019

​

2019

(Dollars in thousands)

​

3rd QTR

​

2nd QTR

​

1st QTR

​

4th QTR

​

3rd QTR

Total stockholders' equity

​

$

131,832

​

$

125,518

​

$

118,033

​

$

120,695

​

$

117,772

Less:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Goodwill and intangible assets

​

​

(4,568)

​

​

(4,636)

​

​

(4,704)

​

​

(4,773)

​

​

(4,841)

Tangible common equity

​

$

127,264

​

$

120,882

​

$

113,329

​

$

115,922

​

$

112,931

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Total assets

​

$

1,758,648

​

$

1,579,083

​

$

1,303,442

​

$

1,150,019

​

$

1,126,937

Less:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Goodwill and intangible assets

​

​

(4,568)

​

​

(4,636)

​

​

(4,704)

​

​

(4,773)

​

​

(4,841)

Tangible assets

​

$

1,754,080

​

$

1,574,447

​

$

1,298,738

​

$

1,145,246

​

$

1,122,096

Tangible common equity ratio - Corporation

​

​

7.26%

​

​

7.68%

​

​

8.73%

​

​

10.12%

​

​

10.06%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Tangible Common Equity Ratio Reconciliation - Bank  (Unaudited)

​

​

2020

​

2020

​

2020

​

2019

​

2019

(Dollars in thousands)

​

3rd QTR

​

2nd QTR

​

1st QTR

​

4th QTR

​

3rd QTR

Total stockholders' equity

​

$

171,298

​

$

164,446

​

$

157,544

​

$

159,643

​

$

117,772

Less:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Goodwill and intangible assets

​

​

(4,568)

​

​

(4,636)

​

​

(4,704)

​

​

(4,773)

​

​

(4,841)

Tangible common equity

​

$

166,730

​

$

159,810

​

$

152,840

​

$

154,870

​

$

112,931

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Total assets

​

$

1,758,244

​

$

1,579,083

​

$

1,303,282

​

$

1,149,979

​

$

1,126,937

Less:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Goodwill and intangible assets

​

​

(4,568)

​

​

(4,636)

​

​

(4,704)

​

​

(4,773)

​

​

(4,841)

Tangible assets

​

$

1,753,676

​

$

1,574,447

​

$

1,298,578

​

$

1,145,206

​

$

1,122,096

Tangible common equity ratio - Bank

​

​

9.51%

​

​

10.15%

​

​

11.77%

​

​

13.52%

​

​

10.06%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Tangible Book Value Reconciliation (Unaudited)

​

​

2020

​

2020

​

2020

​

2019

​

2019

​

​

3rd QTR

​

2nd QTR

​

1st QTR

​

4th QTR

​

3rd QTR

Book value per common shares

​

$

21.51

​

$

20.60

​

$

19.37

​

$

18.84

​

$

18.38

Less: Impact of goodwill and intangible assets

​

​

0.75

​

​

0.76

​

​

0.77

​

​

0.75

​

​

0.76

Tangible book value per common share

​

$

20.76

​

$

19.84

​

$

18.60

​

$

18.09

​

$

17.62

​

15

 GRAPHIC 3 mrbk-20201022xex99d1001.jpg GRAPHIC begin 644 mrbk-20201022xex99d1001.jpg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mrbk-20201022x8k001.jpg GRAPHIC begin 644 mrbk-20201022x8k001.jpg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end EX-101.SCH 5 mrbk-20201022.xsd EX-101.SCH 00090 - Document - Document and Entity Information link:presentationLink link:calculationLink link:definitionLink EX-101.LAB 6 mrbk-20201022_lab.xml EX-101.LAB EX-101.PRE 7 mrbk-20201022_pre.xml EX-101.PRE XML 8 mrbk-20201022x8k_htm.xml IDEA: XBRL DOCUMENT 0001750735 2020-10-22 2020-10-22 0001750735 false Meridian Corp 8-K 2020-10-22 PA 000-55983 83-1561918 9 Old Lincoln Highway Malvern PA 19355 484 568-5000 false false false false true false Common Stock, $1 par value MRBK NASDAQ XML 9 R1.htm IDEA: XBRL DOCUMENT v3.20.2
Document and Entity Information
Oct. 22, 2020
Document and Entity Information [Abstract]  
Document Type 8-K
Document Period End Date Oct. 22, 2020
Entity File Number 000-55983
Entity Registrant Name Meridian Corp
Entity Incorporation, State or Country Code PA
Entity Tax Identification Number 83-1561918
Entity Address, Address Line One 9 Old Lincoln Highway
Entity Address, City or Town Malvern
Entity Address, State or Province PA
Entity Address, Postal Zip Code 19355
City Area Code 484
Local Phone Number 568-5000
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Stock, $1 par value
Trading Symbol MRBK
Security Exchange Name NASDAQ
Entity Emerging Growth Company true
Entity Ex Transition Period false
Entity Central Index Key 0001750735
Amendment Flag false
EXCEL 10 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx M4$L#!!0 ( '6&6E$'04UB@0 +$ 0 9&]C4')O<',O87!P+GAM M;$V./0L",1!$_\IQO;=!P4)B0-!2L+(/>QLOD&1#LD)^OCG!CVX>;QA&WPIG M*N*I#BV&5(_C(I(/ !47BK9.7:=N')=HI6-Y #OGDK7A.YNJQ<&4GPZ4A!0W_J=0U[R;UEA_6\#MI7E!+ P04 M " !UAEI14KU',^\ K @ $0 &1O8U!R;W!S+V-O&ULS9+! M3L,P#(9?!>7>.NF@AZC+91,GD)"8!.(6)=X6K4FCQ*C=V].6K1."!^ 8^\_G MSY(;$Z7I$KZD+F(BA_EN\&W(TL0U.Q)%"9#-$;W.Y9@(8W/?):]I?*8#1&U. M^H!0<5Z#1])6DX8)6,2%R%1CC30)-77I@K=FPA;> &F&"$R>?O MJ%.%?_Q,X=8)?DD-V2ZON^[%=S;MQ!P/OST^N\;N%" M)AT,CK^RDW2.N&;7R6^KS7;WR%3%*UX(7E3U3M3R0%W$_:==7OW MCXVO@JJ!7W>AO@!02P,$% @ =89:49E&UL[5I;<]HX%'[OK]!X9_9M"\8V@;:T$W-I=MNTF83M M3A^%$5B-;'EDD81_OTV23;J;/ 0LZ?O.14?GZ#AY\^XN8NB&B)3R M> +]O6N[!3+ MUES@6QHO(];JM-O=5H1I;*$81V1@?5XL:$#05%%:;U\@M.4?,_@5RU2-9:,! M$U=!)KF(M/+Y;,7\VMX^9<_I.ATR@6XP&U@@?\YOI^1.6HCA5,+$P&IG/U9K MQ]'22(""R7V4!;I)]J/3%0@R#3LZG5C.=GSVQ.V?C,K:=#1M&N#C\7@XMLO2 MBW A(5M>5 TR M6'!VULS2 Y9>*?IUE!K9';O=05SP6.XYB1'^QL4$UFG2&98T1G*=D 4. #?$ MT4Q0?*]!MHK@PI+27)#6SRFU4!H(FLB!]4>"(<7K;YH] M5Z%82=J$^!!&&N*<<^9ST6S[!Z5&T?95O-RCEU@5 9<8WS2J-2S%UGB5P/&M MG#P=$Q+-E L&08:7)"82J3E^34@3_BNEVOZKR2.FJW"$2M"/F(9 M-AIRM1:!MG&IA&!:$L;1>$[2M!'\6:PUDSY@R.S-D77.UI$.$9)>-T(^8LZ+ MD!&_'H8X2IKMHG%8!/V>7L-)P>B"RV;]N'Z&U3-L+([W1]072N0/)J<_Z3(T M!Z.:60F]A%9JGZJ'-#ZH'C(*!?&Y'C[E>G@*-Y;&O%"N@GL!_]':-\*K^(+ M.7\N?<^E[[GT/:'2MSAD6R4)RU3393>* M$IY"&V[I4_5*E=?EK[DHN#Q;Y.FOH70^+,_Y/%_GM,T+,T.WF)&Y M"M-2D&_#^>G%>!KB.=D$N7V85VWGV-'1^^?!4;"C[SR6'<>(\J(A[J&&F,_# M0X=Y>U^89Y7&4#04;6RL)"Q&MV"XU_$L%.!D8"V@!X.O40+R4E5@,5O& RN0 MHGQ,C$7H<.>77%_CT9+CVZ9EM6ZO*7<9;2)2.<)IF!-GJ\K>9;'!51W/55OR ML+YJ/;053L_^6:W(GPP13A8+$DACE!>F2J+S&5.^YRM)Q%4XOT4SMA*7&+SC MYL=Q3E.X$G:V#P(RN;LYJ7IE,6>F\M\M# DL6XA9$N)-7>W5YYNTB42%(JP# 4A M%W+C[^^3:G>,U_HL@6V$5#)DU1?*0XG!/3-R0]A4)?.NVB8+A=OB5,V[&KXF M8$O#>FZ=+2?_VU[4/;07/4;SHYG@'K.' MYA,L0Z1^P7V*BH 1JV*^NJ]/^26<.[1[\8$@F_S6VZ3VW> ,?-2K6J5D*Q$_ M2P=\'Y(&8XQ;]#1?CQ1BK::QK<;:,0QY@%CS#*%F.-^'19H:,]6+K#F-"F]! MU4#E/]O4#6CV#30,9FV-J/D3@H\W/[O#;#"Q([A[8N_ 5!+ P04 M" !UAEI1OG!%=SX$ #G$ & 'AL+W=O)Y PVG!"YX;$B?WZ\3G.:YOA1NG7=,VY(=LXDNEU:VU,\M%QTF#-8Y9> MJH1+>+-4.F8&BGKEI(GF+,P;Q9%#7??*B9F0K=$P?S;3HZ'*3"0DGVF29G', M].Z&1VISW?):AP?/8K4V]H$S&B9LQ>?<_)',-)2<4B44,9>I4))HOKQNC;V/ M-]2W#?(:?PJ^28_NB1W*0JE76YB$URW7$O&(!\9*,+B\\5L>158)./[=B[;* M/FW#X_N#^D,^>!C,@J7\5D7?16C6UZU^BX1\R;+(/*O-9[X?4 X8J"C-?\FF MJ-OMMDB0I4;%^\9 $ M97-EV'XBC!K1WH@'=-Z Y=]%13GG'#!L-M=H0;6N# MFKW)AYJW!C@A;5;F1L-; >W,Z$X%&039$"9#$T@M"7>K^V-P!MA*0EH TU^O\'"#Y>[Q(C8;D_H-TUBD[ MZ^2==9LZ>]DEO&[L>/-^^PL"T2TANN=!S+@6R@XZ))#;6AYPL@* ]LK@V M4KC.%$(="B;)K=()PM4KN7KG<$UD 'I*YU/U@LP-I)$H#;UDTN@=7,-:6%Q\ M-D8(^R5A_QS"%[8EDQ!FFUB*H/BB3N<55^QWVIY_Y0V\/H(W*/$&Y^"-PU#S M-+TXW)"O4(\\R=JHX8H#\A2%MCU8IB2?P:TW;(>0>FYEH>Z[6&]M";+\HC;U M!HK+35GTQK7$T([+B1YQD[]70MCN#7*.,[DWC/26BI<:,FBE&-(U1K@X>8]5Y$( MA!%R1:8PO;5@42T/KM+(4WF_U^#/FK<#" ^'[ZO837 9ELL3^O>>ZA8]2 M@^-/X'O!6QE M1'9!20(J+ @J"SL/OG:22M+0-SN5,=FOMSN= MV[@,J ^B+Y,ZIZI/G;Y.UN,DX:D#0#(JJ?N<=HCV+6-]U8'B_2MC0?M,8YSB MZ*%K66\=\+H/@Y1DZ>ETSQ07FA:9'M2#PIY49M"8TQ-E1=88O3.O:21\*5= M+ESF] .7HG1BKN5*R"G2:2 J(XTCZ*U 3I/ ],\QG4047"XZ2FCC LEBA_A; M+N4_)5;4>RBDW RF-!)%9CDB./W@P5P\DR]29(G/D_4.6\>G)+VC^X#YXYN4 MQM7@MC8)7:DBD] $.TZT7?BBL2PD$8WR02UX:S2?/:PCEL#+5B#E4]C"K\V5 M]MB0N!_9$LL>)B\/W@9Z-G_&TP"(\. M&C'.>&RV_K?4D]OJW%HYO9.BU0KBW'^Y89'Q=1SIC!//OELX*94GP%%R 8>B M.C+?';=G&'$]36-SVW/Z'WK^N^O<@@;'Y=&T/_K_\BK_CF.VW)[#%;VZH!M+ MPD.8TR_A?96[!U(.0J+0"^I$78-^<4^]//+2/^!7^KZ^AH8/$L];,J=[_!EJ M,:@W6]5C6)>E:H\_A?*NQS M$P( L !?3T\$MP>:4#M.*2VBZD8_1!2:5K5N %(MB6/:(7->=I3W;+T]!;X"O.DQQ M0FE(2S,.\,W2?S+W\PPU1>5*(Y5;&GC3Y?YVX$G1H2)8%II%R=.B':5_'FR-9V87YTC'?8Q']>5= M2(6NF9MYEJ6R!F_236P@R*2*Y U+2X3[+O,&@EXN1:T/9 M=1,92L88!.R '<(Y_A^[<#K3P&]'@!6^AC(,=D",Y1]XVXG\-/O4(VSV'T:$%'J6"V&%E+C?Z/F-:#R!+ ]= MR_$)'0.M#,,SQ;;!<.AHQ$5V9://8:Q#B'/Z3XRQJK"$52Q;#X&'' E<)S"D M&IND53 >"CVN*!.L>@PL(:EU&*ADMW,JI]=V<,TB]RI#FJ,,:&T'X:-:"Q4& ML&]R( DNR94;4EWI>::W=Y-[2:AU[D&P]_ :C1W-CQ^W_ %02P,$% @ M=89:420>FZ*M ^ $ !H !X;"]?+7_O MR4Z?:!1W;J"V\R1&:P;*9,OL[P"D6[2*+L[C,$]J%ZSB688&O-*]:A"2*+I! MV#-DGNZ9HIP\_D-T==UI?#C]LCCP#S"\7>BI160I2A4:Y$S":+8VP5+BRTR6 MHJ@R&8HJEG!:(.+)(&UI5GVP3TZTYWD7-_=%KLWC":[?#'!X=/X!4$L#!!0 M ( '6&6E%ED'F2&0$ ,\# 3 6T-O;G1E;G1?5'EP97-=+GAM;*V3 M34[#,!"%KQ)E6R4N+%B@IAM@"UUP 6-/&JO^DV=:TMLS3MI*H!(5A4VL>-Z\ MSYZ7K-Z/$;#HG?78E!U1?!0"50=.8ATB>*ZT(3E)_)JV(DJUDUL0]\OE@U#! M$WBJ*'N4Z]4SM')OJ7CI>1M-\$V9P&)9/(W"S&I*&:,U2A+7Q<'K'Y3J1*BY M<]!@9R(N6%"*JX1<^1UPZGL[0$I&0[&1B5ZE8Y7HK4 Z6L!ZVN+*&4/;&@4Z MJ+WCEAIC JFQ R!GZ]%T,4TFGC",S[O9_,%F"LC*30H1.;$$?\>=(\G=560C M2&2FKW@ALO7L^T%.6X.^D&PO=&AE;64O=&AE;64Q+GAM;%!+ 0(4 Q0 ( '6&6E&^<$5W/@0 .<0 M 8 " @0X( !X;"]W;W)K&PO&PO M7W)E;',O=V]R:V)O;VLN>&UL+G)E;'-02P$"% ,4 " !UAEI199!YDAD! M #/ P $P @ &[$0 6T-O;G1E;G1?5'EP97-=+GAM;%!+ 4!08 "0 ) #X" %$P ! end XML 11 Show.js IDEA: XBRL DOCUMENT // Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission. Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105. var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0); e.removeAttribute('id');a.parentNode.appendChild(e)}} if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'} e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}} XML 12 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 13 FilingSummary.xml IDEA: XBRL DOCUMENT 3.20.2 html 1 95 1 false 0 0 false 0 false false R1.htm 00090 - Document - Document and Entity Information Sheet http://www.meridianbanker.com/role/DocumentDocumentAndEntityInformation Document and Entity Information Cover 1 false false All Reports Book All Reports mrbk-20201022x8k.htm mrbk-20201022.xsd mrbk-20201022_lab.xml mrbk-20201022_pre.xml mrbk-20201022xex99d1.htm mrbk-20201022x8k001.jpg http://xbrl.sec.gov/dei/2020-01-31 true false JSON 16 MetaLinks.json IDEA: XBRL DOCUMENT { "instance": { "mrbk-20201022x8k.htm": { "axisCustom": 0, "axisStandard": 0, "contextCount": 1, "dts": { "inline": { "local": [ "mrbk-20201022x8k.htm" ] }, "labelLink": { "local": [ "mrbk-20201022_lab.xml" ], "remote": [ "https://xbrl.sec.gov/dei/2020/dei-doc-2020-01-31.xml" ] }, "presentationLink": { "local": [ "mrbk-20201022_pre.xml" ] }, "referenceLink": { "remote": [ "https://xbrl.sec.gov/dei/2020/dei-ref-2020-01-31.xml" ] }, "schema": { "local": [ "mrbk-20201022.xsd" ], "remote": [ "http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd", "http://www.xbrl.org/2003/xl-2003-12-31.xsd", "http://www.xbrl.org/2003/xlink-2003-12-31.xsd", "https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd", "http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd", "http://www.xbrl.org/2005/xbrldt-2005.xsd", "http://www.xbrl.org/dtr/type/nonNumeric-2009-12-16.xsd", "http://www.xbrl.org/dtr/type/numeric-2009-12-16.xsd", "http://www.xbrl.org/2006/ref-2006-02-27.xsd", "http://www.xbrl.org/lrr/role/deprecated-2009-12-16.xsd" ] } }, "elementCount": 24, "entityCount": 1, "hidden": { "http://xbrl.sec.gov/dei/2020-01-31": 3, "total": 3 }, "keyCustom": 0, "keyStandard": 95, "memberCustom": 0, "memberStandard": 0, "nsprefix": "mrbk", "nsuri": "http://www.meridianbanker.com/20201022", "report": { "R1": { "firstAnchor": { "ancestors": [ "p", "div", "div", "body", "html" ], "baseRef": "mrbk-20201022x8k.htm", "contextRef": "Duration_10_22_2020_To_10_22_2020_pCXADyagAE2UzD2FQpm8AQ", "decimals": null, "first": true, "lang": "en-US", "name": "dei:DocumentType", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "document", "isDefault": "true", "longName": "00090 - Document - Document and Entity Information", "role": "http://www.meridianbanker.com/role/DocumentDocumentAndEntityInformation", "shortName": "Document and Entity Information", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "p", "div", "div", "body", "html" ], "baseRef": "mrbk-20201022x8k.htm", "contextRef": "Duration_10_22_2020_To_10_22_2020_pCXADyagAE2UzD2FQpm8AQ", "decimals": null, "first": true, "lang": "en-US", "name": "dei:DocumentType", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } } }, "segmentCount": 0, "tag": { "dei_AmendmentFlag": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.", "label": "Amendment Flag" } } }, "localname": "AmendmentFlag", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.meridianbanker.com/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "booleanItemType" }, "dei_CityAreaCode": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Area code of city", "label": "City Area Code" } } }, "localname": "CityAreaCode", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.meridianbanker.com/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_CoverAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Cover page.", "label": "Document and Entity Information [Abstract]" } } }, "localname": "CoverAbstract", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "xbrltype": "stringItemType" }, "dei_DocumentPeriodEndDate": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is YYYY-MM-DD.", "label": "Document Period End Date" } } }, "localname": "DocumentPeriodEndDate", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.meridianbanker.com/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "dateItemType" }, "dei_DocumentType": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.", "label": "Document Type" } } }, "localname": "DocumentType", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.meridianbanker.com/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "submissionTypeItemType" }, "dei_EntityAddressAddressLine1": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Address Line 1 such as Attn, Building Name, Street Name", "label": "Entity Address, Address Line One" } } }, "localname": "EntityAddressAddressLine1", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.meridianbanker.com/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressCityOrTown": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Name of the City or Town", "label": "Entity Address, City or Town" } } }, "localname": "EntityAddressCityOrTown", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.meridianbanker.com/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressPostalZipCode": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Code for the postal or zip code", "label": "Entity Address, Postal Zip Code" } } }, "localname": "EntityAddressPostalZipCode", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.meridianbanker.com/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressStateOrProvince": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Name of the state or province.", "label": "Entity Address, State or Province" } } }, "localname": "EntityAddressStateOrProvince", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.meridianbanker.com/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "stateOrProvinceItemType" }, "dei_EntityCentralIndexKey": { "auth_ref": [ "r5" ], "lang": { "en-US": { "role": { "documentation": "A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.", "label": "Entity Central Index Key" } } }, "localname": "EntityCentralIndexKey", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.meridianbanker.com/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "centralIndexKeyItemType" }, "dei_EntityEmergingGrowthCompany": { "auth_ref": [ "r5" ], "lang": { "en-US": { "role": { "documentation": "Indicate if registrant meets the emerging growth company criteria.", "label": "Entity Emerging Growth Company" } } }, "localname": "EntityEmergingGrowthCompany", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.meridianbanker.com/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "booleanItemType" }, "dei_EntityExTransitionPeriod": { "auth_ref": [ "r7" ], "lang": { "en-US": { "role": { "documentation": "Indicate if an emerging growth company has elected not to use the extended transition period for complying with any new or revised financial accounting standards.", "label": "Entity Ex Transition Period" } } }, "localname": "EntityExTransitionPeriod", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.meridianbanker.com/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "booleanItemType" }, "dei_EntityFileNumber": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.", "label": "Entity File Number" } } }, "localname": "EntityFileNumber", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.meridianbanker.com/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "fileNumberItemType" }, "dei_EntityIncorporationStateCountryCode": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Two-character EDGAR code representing the state or country of incorporation.", "label": "Entity Incorporation, State or Country Code" } } }, "localname": "EntityIncorporationStateCountryCode", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.meridianbanker.com/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "edgarStateCountryItemType" }, "dei_EntityRegistrantName": { "auth_ref": [ "r5" ], "lang": { "en-US": { "role": { "documentation": "The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.", "label": "Entity Registrant Name" } } }, "localname": "EntityRegistrantName", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.meridianbanker.com/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityTaxIdentificationNumber": { "auth_ref": [ "r5" ], "lang": { "en-US": { "role": { "documentation": "The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.", "label": "Entity Tax Identification Number" } } }, "localname": "EntityTaxIdentificationNumber", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.meridianbanker.com/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "employerIdItemType" }, "dei_LocalPhoneNumber": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Local phone number for entity.", "label": "Local Phone Number" } } }, "localname": "LocalPhoneNumber", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.meridianbanker.com/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_PreCommencementIssuerTenderOffer": { "auth_ref": [ "r2" ], "lang": { "en-US": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.", "label": "Pre-commencement Issuer Tender Offer" } } }, "localname": "PreCommencementIssuerTenderOffer", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.meridianbanker.com/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "booleanItemType" }, "dei_PreCommencementTenderOffer": { "auth_ref": [ "r3" ], "lang": { "en-US": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.", "label": "Pre-commencement Tender Offer" } } }, "localname": "PreCommencementTenderOffer", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.meridianbanker.com/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "booleanItemType" }, "dei_Security12bTitle": { "auth_ref": [ "r0" ], "lang": { "en-US": { "role": { "documentation": "Title of a 12(b) registered security.", "label": "Title of 12(b) Security" } } }, "localname": "Security12bTitle", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.meridianbanker.com/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "securityTitleItemType" }, "dei_SecurityExchangeName": { "auth_ref": [ "r1" ], "lang": { "en-US": { "role": { "documentation": "Name of the Exchange on which a security is registered.", "label": "Security Exchange Name" } } }, "localname": "SecurityExchangeName", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.meridianbanker.com/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "edgarExchangeCodeItemType" }, "dei_SolicitingMaterial": { "auth_ref": [ "r4" ], "lang": { "en-US": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.", "label": "Soliciting Material" } } }, "localname": "SolicitingMaterial", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.meridianbanker.com/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "booleanItemType" }, "dei_TradingSymbol": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Trading symbol of an instrument as listed on an exchange.", "label": "Trading Symbol" } } }, "localname": "TradingSymbol", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.meridianbanker.com/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "tradingSymbolItemType" }, "dei_WrittenCommunications": { "auth_ref": [ "r6" ], "lang": { "en-US": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.", "label": "Written Communications" } } }, "localname": "WrittenCommunications", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.meridianbanker.com/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "booleanItemType" } }, "unitCount": 0 } }, "std_ref": { "r0": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "b" }, "r1": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "d1-1" }, "r2": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "13e", "Subsection": "4c" }, "r3": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "14d", "Subsection": "2b" }, "r4": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "14a", "Subsection": "12" }, "r5": { "Name": "Regulation 12B", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "b-2" }, "r6": { "Name": "Securities Act", "Number": "230", "Publisher": "SEC", "Section": "425" }, "r7": { "Name": "Securities Act", "Number": "7A", "Publisher": "SEC", "Section": "B", "Subsection": "2" } }, "version": "2.1" } ZIP 17 0001558370-20-011744-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001558370-20-011744-xbrl.zip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end