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
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments35764613204030
Cash and cash equivalents34754512194030
Short-term investments11111  
Total current assets:35764613204030
Noncurrent Assets
Property, plant and equipment8888999
Intangible assets, net (including goodwill), including:5555555
Goodwill11111  
Intangible assets, net (excluding goodwill)44444(1)(1)
Other undisclosed intangible assets, net (including goodwill)     66
Deferred income tax assets001222 
Total noncurrent assets:12131415161614
Other undisclosed assets1,6731,6701,5191,2761,1141,0711,011
TOTAL ASSETS:1,7201,7591,5791,3031,1501,1271,056
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt1071048713012412875
Total current liabilities:1071048713012412875
Noncurrent Liabilities
Other undisclosed liabilities1,4721,5231,3671,056906881867
Total liabilities:1,5791,6271,4541,1851,0291,009942
Stockholders' equity
Stockholders' equity attributable to parent142132126118121118114
Common stock6666666
Treasury stock, value(6)(6)(6)(6)(0)  
Additional paid in capital81818080808080
Accumulated other comprehensive income (loss)3120(0)00
Retained earnings59514237343128
Unearned esop shares(2)(2)     
Total stockholders' equity:142132126118121118114
TOTAL LIABILITIES AND EQUITY:1,7201,7591,5791,3031,1501,1271,056

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues13151313151514
Gain (loss) on disposition of assets for financial service operations (1)(3)(1)(0)0(0)
Net investment income 161514141413
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(1)(4)(2)(2)0(1)(0)
Gross profit:12121112151414
Operating expenses(3)(3)(3)(2)(2)(2)(3)
Other operating income, net
(Noninterest Income, Other Operating Income)
1100000
Operating income:1010910131111
Nonoperating income
(Bank Owned Life Insurance Income)
0000000
Interest and debt expense(3)(3)(3)(4)(4)(4)(4)
Income from continuing operations before equity method investments, income taxes:7756977
Other undisclosed income (loss) from continuing operations before income taxes552(3)(4)(3)(5)
Income from continuing operations before income taxes:121273443
Income tax expense(3)(3)(2)(1)(1)(1)(1)
Net income available to common stockholders, diluted:9963332

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income:9963332
Other comprehensive income (loss)(0)0(1)(0)0(0)(0)
Comprehensive income:9952332
Other undisclosed comprehensive income (loss), net of tax, attributable to parent1(1)21(0)00
Comprehensive income, net of tax, attributable to parent:10973332

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.

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