3rd QTR 2021 INVESTOR PRESENTATION NASDAQ: MRBK ®

2 Meridian Corporation Forward-Looking Statements Meridian Corporation (the “Corporation”) may from time to time make written or oral “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 including, without limitation: the impact of the current COVID-19 pandemic and government responses thereto, on the U.S. economy, including the markets in which we operate; actions that we and our customers take in response to these factors and the effects such actions have on our operations, products, services and customer relationships; and the risk that the Small Business Administration may not fund some or all Paycheck Protection Program (PPP) loan guaranties, 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 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, 2020 and 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.

3 Meridian Corporation WHO WE ARE 1 Includes home equity loans, residential mortgage loans held in portfolio and individual consumer loans. Geographic Footprint Branches Mortgage LPOs Regional Market Serves Pennsylvania, New Jersey, Delaware and Maryland Philadelphia MSA is 8th largest MSA in the US Expansion into growing central Maryland MSA Profile and Business Lines Core Banking: C&I, CRE, construction, SBA, and consumer lending; lease financing through Meridian Equipment Finance, ® and deposit/treasury services. Meridian Mortgage: residential lending to homeowners and small scale investors originated in the PA, NJ, DE, VA, MD and DC markets. Wealth Management Services through Meridian Wealth Partners, ® a registered investment advisor and subsidiary of the Bank. Over $1 billion in AUM. Meridian specializes in business and industrial lending, retail and commercial real estate lending, electronic payments, along with a broad menu of high- yield depository products supported by robust online and mobile access. Cash & investments 12% Commercial loans 16% SBA loans 5% PPP loans 7% CRE loans 32% Construction loans 8% H/E & consumer loans 3% RE loans 10% Leases 4% FF & E Other assets ASSET MIX AT SEPTEMBER 30, 2021

4 Meridian Corporation WHAT WE DELIVER Lending expertise in commercial/industrial, real estate & consumer with a consultative approach. Our experienced business bankers craft custom financial solutions to help our customers thrive. Demonstrated organic growth engine in diversified loan segments, capitalizing on sales culture and big bank missteps in the Delaware Valley tri-state market. Financial services business model with significant non-interest income streams in Meridian Mortgage, SBA Lending and Meridian Wealth Partners. Customer base principally interacts online, allowing a "branch-lite" banking strategy that provides substantial operational leverage. Skilled, long-tenured management team with extensive in-market experience. Excellent asset quality with diversified loan portfolio. Low commercial real estate (CRE) concentration; focus on smaller, shorter-tenor projects to be more nimble. Nationally recognized as a great place to work; very low historical turnover.

5 Meridian Corporation 3QTR HIGHLIGHTS 1) As of and for the quarter ended September 30, 2021, per November 1, 2021 press release. 2) Includes PPP loans, loans held for sale and loans held for investment. 3) Excludes loans at fair value, loans held for sale and PPP loans. A Non-GAAP measure. Refer to Appendix for Non-GAAP to GAAP reconciliation. 4) Excludes PPP loans and PPPLF borrowings. A Non-GAAP measure. Refer to Appendix for Non-GAAP to GAAP reconciliation. 3QTR Overview Financial Highlights 3QTR 2021¹ Balance Sheet ($ in Millions) Asset Quality (%) Profitability (%) Net income was $9.4 million for the quarter, or $1.52 per diluted share, driven by loan and deposit growth. Total revenues of $40.4 million, resulting in ROE of 24.07% and ROA of 2.15% for 3Q 2021. 6th consecutive quarter of ROA exceeding 1.50% and ROE exceeding 19.00% Loan growth for the quarter equaled 7% (ex PPP and residential held-for-sale), and annualized to 21% year over year. Growth for the quarter was concentrated in CRE loans, SBA loans (non-PPP), and originations from our Meridian Equipment Finance leasing subsidiary. Active COVID-19 loan modifications decreased to $24.9 million for the quarter, from $29.0 million at the end of the prior quarter.

6 Meridian Corporation SUMMARY INCOME STATEMENT (1) See Non-GAAP reconciliation in the Appendix Bank pre-tax, pre-provision income grew 18% when comparing 3Q 2021 to 2Q 2021, down 19% when comparing to 3Q 2020 Bank segment represents 69% of pre-tax, pre- provision income for 3Q 2021 69% 3% 28% Pre-tax, Pre-provision Income Bank Wealth Mortgage (dollars in thousands) Summary Income Statement 3Q 2021 2Q 2021 3Q 2020 Net Interest Income 16,257 $ 15,412 $ 12,715 $ Provision for Loan Loss 597 96 3,956 Non-Interest Income 22,122 21,732 29,060 Non-Interest Expense 25,481 26,246 25,834 Income before Income Taxes 12,301 10,802 11,985 Income Taxes 2,863 2,544 2,773 Net Income 9,438 $ 8,258 $ 9,212 $ Earnings per Share 3Q 2021 2Q 2021 3Q 2020 Basic Earnings per Share 1.56 $ 1.37 $ 1.51 $ Diluted Earnings per Share 1.52 $ 1.33 $ 1.51 $ Pre-tax, Pre-provision Income by Segment: 3Q 2021 2Q 2021 3Q 2020 Bank 8,896 $ 7,811 $ 6,531 $ Wealth 432 376 144 Mortgage 3,570 2,711 9,266 Total pre-tax, pre-provision income (1) 12,898 $ 10,898 $ 15,941 $

7 Meridian Corporation NET INTEREST INCOME GROWTH TREND Net interest income for 3Q 2021 increased $845 thousand, or 5.5%, to $16.3 million from $15.4 million 2Q 2021. Growth quarter over quarter 2021 was due largely to a $12.9 million increase in average interest earnings assets over this period, combined with an increase of $96 thousand in PPP fee income QTR over QTR. NIM excl PPP expanded 32 bps since Q2 2020 3.67% 3.72% 3.61% 3.61% 3.49% 3.27% 3.26% 3.59% 3.72% 3.70% 3.83% 3.48% 3.41% 3.47% 3.52% 3.64% 3.75% 3.73% 2.90% 3.00% 3.10% 3.20% 3.30% 3.40% 3.50% 3.60% 3.70% 3.80% 3.90% $- $2,000 $4,000 $6,000 $8,000 $10,000 $12,000 $14,000 $16,000 $18,000 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 Q3 21 Net Interest Income Net Interest Income Net Interest Margin Net Interest Margin (excl PPP impact)

8 Meridian Corporation NON-INTEREST INCOME Non-Interest Income increased $390 thousand or 1.8% from 2Q2021 Net revenue from the sale of SBA 7(a) loans was up $1.2 million as the value of loans sold increased to $25.0 million in 3Q2021 compared to $13.5 million in loans sold in the 2Q2021. Wealth management revenue increased $69 thousand, or 5.9%, due to the more favorable market conditions that existed in 3Q 2021. AUM continued above $1 billion. Mortgage banking net revenue (including fair value and hedging impacts) decreased $1.2 million. Decrease driven by lower levels of mortgage loan originations compared to 2Q 2021. 75% 6% 12% 7% Quarter ended September 30, 2021 (% of total non-interest income) Mortgage banking income (including FV changes) Wealth management income SBA income Other income (Dollars in thousands) 3Q 2021 2Q 2021 Change Mortgage banking income (including FV changes) 16,666 17,880 (1,214) Wealth management income 1,232 1,163 69 SBA income 2,688 1,490 1,198 Other income 1,536 1,199 337 Total 22,122 $ 21,732 $ 390 $

9 Meridian Corporation NON-INTEREST EXPENSE Non-Interest Expense decreased $765 thousand or 2.9% from 1Q2021 Total salaries and employee benefits expense was $19.5 million, a net decrease of $741 thousand or 3.7%, for the period. $1.9 million of net decrease related to the mortgage segment, which recognizes variable compensation based on originations. Salary and employee benefits were up $1.1 million for the bank and wealth segments due to increased accruals for incentive comp, combined with increase of 12 in FTE’s. 76% 5% 3% 4% 12% Quarter ended September 30, 2021 (% of total non-interest expense) Salaries and employee benefits Occupancy and equipment Professional fees Data processing and information technology Other (Dollars in thousands) 3Q 2021 2Q 2021 Change Salaries and employee benefits 19,472 20,213 (741) Occupancy and equipment 1,133 1,175 (42) Professional fees 873 816 57 Data processing and information technology 1,006 984 22 Other 2,997 3,058 (61) Total $25,481 $26,246 ($765)

10 Meridian Corporation ASSET QUALITY September 30, 2021 1) Excludes loans held for sale and, for 2Q 2020 to 3Q 2021, PPP loans. A Non-GAAP measure. See Appendix for Non-GAAP to GAAP reconciliation. 2) Includes loans held for sale and held for investment. Nonaccrual Loans / Loans2 (%) 3Q 2021 Highlights: Nonaccrual loans to total loans2 0.52% in 3Q 2021 Strong reserves to total loans COVID modifications remain less than 2% of total loans, declined to $24.9 million Reserves / Loans1 (%) 0.42% 0.39% 0.30% 0.51% 0.47% 0.45% 0.46% 0.49% 0.48% 0.52% 2017 2018 2019 1Q 20 2Q 20 3Q 20 4Q 20 1Q 21 2Q 21 3Q 21 0.13% 0.03% (0.06%) 0.00% 0.00% 0.01% 0.00% 0.00% 0.01% 0.00% 2017 2018 2019 1Q 20 2Q 20 3Q 20 4Q 20 1Q 21 2Q 21 3Q 21 0.96% 0.97% 1.00% 1.10% 1.27% 1.59% 1.65% 1.65% 1.58% 1.52% 2017 2018 2019 1Q 202Q 203Q 204Q 201Q 212Q 213Q 21 COVID-19 Impact to ALLL Net Charge-offs / Average Loans2 (%)

11 Meridian Corporation CAPITALIZATION AS OF 9/30/2021 All corporate capital ratios significantly exceed well capitalized regulatory requirements Bank level - Community Banking Leverage Ratio of 11.55% compared to minimum of 8.5% - $50.4M excess capital 3Q 2021 quarterly dividend increased to $0.20 per share Paid $1.00 per share special dividend in 1Q 2021 78,491 shares repurchased in 3Q through publicly announced plan - 50,000 100,000 150,000 200,000 250,000 Tier 1 Leverage Tier 1 Risk Based CE Tier 1 Total Risk Based $70,662 $38,003 $59,621 $67,954 Excess Capital ($000s) Regulatory Minimums Excess 9.3% 10.6% 10.6% 14.7%

12 Meridian Corporation APPENDIX

13 Meridian Corporation HISTORICAL FINANCIAL HIGHLIGHTS 1) Includes loans held for sale and held for investment. 2) Includes loans held for investment (excluding loans at fair value and PPP loans). 3) A Non-GAAP measure. See Appendix for Non-GAAP to GAAP reconciliation. Note: 2017 Financials are at bank level; Meridian Corporation Holding Company formed 3Q2018. Dollar Values in Thousands, Except Per Share Amounts 2017Y 2018Y 2019Y 2020Y 1Q 2021 2Q 2021 3Q 2021 Balance Sheet Total Assets $ 856,035 $ 997,480 $ 1,150,019 1,720,197 $ 1,743,977 $ 1,709,010 $ 1,762,445 $ Loans1 729,661 875,801 998,414 1,513,963 $ 1,524,799 1,495,098 1,496,666 Deposits 627,109 752,130 851,168 1,241,335 $ 1,383,590 1,413,280 1,439,047 Gross Loans / Deposits 116.35% 116.44% 117.30% 121.96% 110.21% 105.79% 104.00% Capital Total Equity $ 101,363 $ 109,552 $ 120,695 141,622 $ 143,505 $ 152,885 $ 158,416 $ Tangible Common Equity / Tangible Assets - HC 3 11.27% 10.53% 10.11% 7.99% 7.99% 8.71% 8.76% Tangible Common Equity / Tangible Assets - Bank 3 11.27% 10.53% 13.52% 10.25% 10.22% 10.92% 10.90% Tier 1 Leverage Ratio - HC 12.37% 11.16% 10.55% 8.96% 8.86% 8.97% 9.28% Tier 1 Leverage Ratio - Bank 12.37% 11.16% 14.08% 11.54% 11.34% 11.28% 11.55% Total Capital Ratio - HC 15.53% 13.66% 16.10% 14.55% 14.05% 14.23% 14.72% Total Capital Ratio - Bank 15.53% 13.66% 16.09% 14.54% 14.03% 14.18% 14.62% Commercial Real Estate Loans / Total RBC 155.83% 183.80% 176.97% 172.15% 171.74% 174.09% 182.18% Earnings & Profitability Net Income $ 3,032 $ 8,163 $ 10,481 26,438 $ 10,170 $ 8,258 $ 9,438 $ ROA 0.39% 0.90% 1.01% 1.78% 2.43% 1.92% 2.15% ROE 3.97% 7.77% 9.09% 21.33% 30.06% 22.61% 24.07% Net Interest Margin (NIM)(TEY) 3.93% 3.80% 3.65% 3.40% 3.72% 3.70% 3.83% NIM (TEY, excluding PPP loans and PPPLF borrowings)3 3.93% 3.80% 3.65% 3.47% 3.64% 3.75% 3.73% Non-Int Inc. / Avg. Assets 4.69% 3.58% 3.19% 5.85% 6.47% 5.06% 5.04% Efficiency Ratio 87.8% 81.4% 79.2% 68.5% 67.0% 70.7% 66.4% Asset Quality Nonaccrual Loans / Loans1 0.43% 0.45% 0.34% 0.62% 0.56% 0.55% 0.61% NPAs / Assets 0.42% 0.39% 0.30% 0.46% 0.49% 0.48% 0.52% Reserves / Loans2, 3 0.96% 0.97% 1.00% 1.65% 1.65% 1.58% 1.52% NCOs / Average Loans 0.13% 0.03% (0.06%) 0.00% 0.00% 0.01% 0.00% Yield and Cost Yield on Earning Assets (TEY) 4.83% 5.14% 5.30% 4.35% 4.29% 4.20% 4.31% Yield on Earning Assets (TEY), excluding PPP loans)3 4.83% 5.14% 5.30% 4.51% 4.26% 4.30% 4.24% Cost of Deposits 0.79% 1.29% 1.67% 1.07% 0.49% 0.40% 0.37% Cost of Interest-Bearing Liabilities 1.16% 1.69% 2.10% 1.18% 0.77% 0.67% 0.62% For the Year Ended

14 Meridian Corporation RECONCILIATION OF NON-GAAP FINANCIAL MEASURES Tangible common equity to tangible assets Management uses the measure tangible common equity to tangible assets to assess our capital strength. We believe that this non-GAAP financial measure is useful to investors because, by removing the impact of our preferred stock, goodwill and other intangible assets, it allows investors to more easily assess our capital adequacy. This non-GAAP financial measure should not be considered a substitute for any regulatory capital ratios and may not be comparable to other similarly titled measures used by other companies. The table below provides the non-GAAP reconciliation for our tangible common equity to tangible assets: (dollars in thousands) Meridian Bank 2017Y 2018Y 2019Y 2020 Y 1Q 2021 2Q 2021 3Q 2021 Tangible common equity ratio: Total stockholders' equity 101,363 109,552 159,643 180,288 182,171 190,477 196,009 Less: Goodwill 899 899 899 899 899 899 899 Intangible assets 4,596 4,147 3,874 3,601 3,533 3,481 3,430 Tangible common equity 95,869 104,507 154,870 175,788 177,739 186,097 191,680 Total assets 856,035 997,480 1,149,979 1,720,166 1,743,945 1,709,006 1,762,415 Less: Goodwill 899 899 899 899 899 899 899 Intangible assets 4,596 4,147 3,874 3,601 3,533 3,481 3,430 Tangible assets $ 850,540 992,434 1,145,206 1,715,666 1,739,513 1,704,626 1,758,086 Tangible common equity ratio 11.27% 10.53% 13.52% 10.25% 10.22% 10.92% 10.90% (dollars in thousands) Meridian Corporation 2017Y 2018Y 2019Y 2020 Y 1Q 2021 2Q 2021 3Q 2021 Tangible common equity ratio: Total stockholders' equity 101,363 109,552 120,695 141,622 143,505 152,885 158,416 Less: Goodwill 899 899 899 899 899 899 899 Intangible assets 4,596 4,147 3,874 3,601 3,533 3,481 3,430 Tangible common equity 95,869 104,507 115,922 137,122 139,073 148,505 154,087 Total assets 856,035 997,480 1,150,019 1,720,197 1,743,977 1,709,010 1,762,445 Less: Goodwill 899 899 899 899 899 899 899 Intangible assets 4,596 4,147 3,874 3,601 3,533 3,481 3,430 Tangible assets $ 850,540 992,434 1,145,246 1,715,697 1,739,545 1,704,630 1,758,116 Tangible common equity ratio 11.27% 10.53% 10.12% 7.99% 7.99% 8.71% 8.76%

15 Meridian Corporation RECONCILIATION OF NON-GAAP FINANCIAL MEASURES Dollar Values in Thousands 2Q 2020 3Q 2020 4Q 2020 1Q 2021 2Q 2021 3Q 2021 Reconciliation of Net Interest Margin (TEY, exluding PPP loans and PPPLF borrowings) Net interest margin (TEY) 3.27% 3.26% 3.59% 3.72% 3.70% 3.83% Impact of PPP loans and PPPLF borrowings 0.14% 0.21% (0.07%) (0.08%) 0.05% (0.10%) Net interest margin (TEY, excluding PPP loans and PPPLF borrowings) 3.41% 3.47% 3.52% 3.64% 3.75% 3.73% Reconciliation of Reserves / Loans Allowance for loan losses / Total loans held for investment 1.01% 1.27% 1.38% 1.36% 1.35% 1.38% Less: Impact of loans held for investment - fair valued 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% Less: Impact of PPP loans 0.26% 0.32% 0.27% 0.29% 0.23% 0.13% Allowance / Total loans held for investment (excl. loans at fair value and PPP loans) 1.27% 1.59% 1.65% 1.65% 1.58% 1.52% Reconciliation of Yield on Earning Assets Yield on earning assets (TEY) 4.24% 4.07% 4.28% 4.29% 4.20% 4.31% Impact of PPP loans 0.26% 0.32% (0.01%) (0.03%) 0.10% (0.07%) Yield on earning assets (TEY, excluding PPP loans) 4.50% 4.39% 4.27% 4.26% 4.30% 4.24% 2Q 2020 3Q 2020 4Q 2020 1Q 2021 2Q 2021 3Q 2021 Income before inocme tax expense 7,403 11,985 11,877 13,306 10,802 12,301 Add: Provision for loan losses 1,631 3,956 1,163 599 96 597 Pre-tax, pre-provision income $9,034 $15,941 $13,040 $13,905 $10,898 $12,898 Reconciliation of PPP Related Non-GAAP Measures Reconciliation of Pre-tax, Pre-Provision Non-GAAP Measure For the Quarter Ended For the Quarter Ended

Document and Entity Information	Nov. 15, 2021
Document and Entity Information [Abstract]
Document Type	8-K
Document Period End Date	Nov. 15, 2021
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

Document and Entity Information

Nov. 15, 2021

Document and Entity Information [Abstract]

Document Type

8-K

Document Period End Date

Nov. 15, 2021

Entity File Number

000-55983

Entity Registrant Name

Meridian Corp

Entity Incorporation, State or Country Code

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

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


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.)


Title of each class:	Trading Symbol(s)	Name of each exchange on which registered:
Common Stock, $1 par value	MRBK	The NASDAQ Stock Market


Exhibit No.		Description of Exhibit

99.1		Slide Presentation Update

104		Cover Page Interactive Data File (embedded within the Inline XBRL document)


	MERIDIAN CORPORATION(Registrant)

Dated: November 15, 2021

	By:	/s/ Denise Lindsay

			Denise Lindsay
			Executive Vice President and Chief Financial Officer