Meridian Corporation (MRBK) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments26352023
Cash and cash equivalents23341923
Short-term investments211 
Total current assets:26352023
Noncurrent Assets
Property, plant and equipment128910
Intangible assets, net (including goodwill), including:4555
Goodwill111 
Intangible assets, net (excluding goodwill)3444
Other undisclosed intangible assets, net (including goodwill)   1
Deferred income tax assets102
Total noncurrent assets:17121615
Other undisclosed assets1,6701,6731,114960
TOTAL ASSETS:1,7131,7201,150997
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt41107124114
Total current liabilities:41107124114
Noncurrent Liabilities
Other undisclosed liabilities1,5071,472906773
Total liabilities:1,5481,5791,029888
Stockholders' equity
Stockholders' equity attributable to parent165142121110
Common stock7666
Treasury stock, value(9)(6)(0) 
Additional paid in capital84818080
Accumulated other comprehensive income (loss)13(0)(0)
Retained earnings85593424
Unearned esop shares(2)(2)  
Total stockholders' equity:165142121110
TOTAL LIABILITIES AND EQUITY:1,7131,7201,150997

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues75555647
Net investment income71635344
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(1)(8)(1)(2)
Gross profit:74465646
Operating expenses(12)(10)(10)(9)
Other operating income, net
(Noninterest Income, Other Operating Income)
4312
Operating income:66394739
Nonoperating income
(Bank Owned Life Insurance Income)
0000
Interest and debt expense(8)(14)(17)(11)
Income from continuing operations before equity method investments, income taxes:58253128
Other undisclosed income (loss) from continuing operations before income taxes(12)9(17)(17)
Income from continuing operations before income taxes:46351410
Income tax expense(11)(8)(3)(2)
Net income available to common stockholders, diluted:3626108

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:3626108
Other comprehensive income (loss)1(1)(0)0
Comprehensive income:3626108
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(2)31(0)
Comprehensive income, net of tax, attributable to parent:3429118

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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