Meridian Corporation (MRBK) financial statements (2021 and earlier)

Company profile

Business Address 9 OLD LINCOLN HIGHWAY
MALVERN, PA 19355
State of Incorp. PA
Fiscal Year End December 31
SIC 6021 - National Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments352023
Cash and cash equivalents341923
Short-term investments11 
Total current assets:352023
Noncurrent Assets
Property, plant and equipment8910
Intangible assets, net (including goodwill), including:555
Goodwill11 
Intangible assets, net (excluding goodwill)444
Other undisclosed intangible assets, net (including goodwill)  1
Deferred income tax assets02
Total noncurrent assets:121615
Other undisclosed assets1,6731,114960
TOTAL ASSETS:1,7201,150997
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt107124114
Total current liabilities:107124114
Noncurrent Liabilities
Other undisclosed liabilities1,472906773
Total liabilities:1,5791,029888
Stockholders' equity
Stockholders' equity attributable to parent142121110
Common stock666
Treasury stock, value(6)(0) 
Additional paid in capital818080
Accumulated other comprehensive income (loss)3(0)(0)
Retained earnings593424
Unearned esop shares(2)  
Total stockholders' equity:142121110
TOTAL LIABILITIES AND EQUITY:1,7201,150997

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
Revenues555647
Net investment income635344
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(8)(1)(2)
Gross profit:465646
Operating expenses(10)(10)(9)
Other operating income, net
(Noninterest Income, Other Operating Income)
312
Operating income:394739
Nonoperating income
(Bank Owned Life Insurance Income)
000
Interest and debt expense(14)(17)(11)
Income from continuing operations before equity method investments, income taxes:253128
Other undisclosed income (loss) from continuing operations before income taxes9(17)(17)
Income from continuing operations before income taxes:351410
Income tax expense(8)(3)(2)
Net income available to common stockholders, diluted:26108

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
Net income:26108
Other comprehensive income (loss)(1)(0)0
Comprehensive income:26108
Other undisclosed comprehensive income (loss), net of tax, attributable to parent31(0)
Comprehensive income, net of tax, attributable to parent:29118

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: