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)

12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2023
Cash and cash equivalents1923
Short-term investments1 
Total current assets:2023
Noncurrent Assets
Property, plant and equipment910
Intangible assets, net (including goodwill), including:55
Goodwill1 
Intangible assets, net (excluding goodwill)44
Other undisclosed intangible assets, net (including goodwill) 1
Deferred income tax assets2
Total noncurrent assets:1615
Other undisclosed assets1,114960
TOTAL ASSETS:1,150997
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt124114
Total current liabilities:124114
Noncurrent Liabilities
Other undisclosed liabilities906773
Total liabilities:1,029888
Stockholders' equity
Stockholders' equity attributable to parent121110
Common stock66
Treasury stock, value(0) 
Additional paid in capital8080
Accumulated other comprehensive loss(0)(0)
Retained earnings3424
Total stockholders' equity:121110
TOTAL LIABILITIES AND EQUITY:1,150997

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

12/31/2019
12/31/2018
Revenues5647
Net investment income5344
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(1)(2)
Gross profit:5646
Operating expenses(10)(9)
Other operating income, net
(Noninterest Income, Other Operating Income)
12
Operating income:4739
Nonoperating income
(Bank Owned Life Insurance Income)
00
Interest and debt expense(17)(11)
Income from continuing operations before equity method investments, income taxes:3128
Other undisclosed loss from continuing operations before income taxes(17)(17)
Income from continuing operations before income taxes:1410
Income tax expense(3)(2)
Net income available to common stockholders, diluted:108

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
Net income:108
Other comprehensive income (loss)(0)0
Comprehensive income:108
Other undisclosed comprehensive income (loss), net of tax, attributable to parent1(0)
Comprehensive income, net of tax, attributable to parent:118

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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