The bank maintains a disciplined capital base with an equity-to-assets ratio consistently between 7% and 8% while growing total assets to $2.6 billion as of 2026Q1.
| Cash & Short Term Investments | 431.62M | 132.87M | 105.67M | 202.72M | 173.74M | 182.78M | 157.75M | 77.96M | 75.58M | 64.9M | 51.66M | 43.21M | 10.33M |
| Cash & Due from Banks | 28.27M | 35.78M | 27.46M | 56.7M | 38.39M | 23.48M | 34.19M | 19.11M | 23.16M | 24.89M | 18.48M | 19.12M | 10.33M |
| Short Term Investments | 0 | 97.09M | 78.21M | 146.02M | 135.35M | 159.3M | 123.56M | 58.86M | 52.42M | 40.01M | 33.18M | 24.09M | 0 |
| Total Investments | 238.34M | 2.37B | 2.18B | 1.96B | 1.78B | 1.53B | 1.6B | 1.06B | 929.58M | 775.06M | 684.52M | 617.48M | 0 |
| Investments Growth % | -63.91% | 8.52% | 11.02% | 10.08% | 16.77% | -4.25% | 51.04% | 13.69% | 19.94% | 13.23% | 10.86% | - | - |
| Long-Term Investments | 6.98B | 2.27B | 2.1B | 1.82B | 1.65B | 1.37B | 1.47B | 997.99M | 877.16M | 735.05M | 651.5M | 593.39M | 0 |
| Accounts Receivables | 2.16B | 10.72M | 9.96M | 9.32M | 7.36M | 5.01M | 5.48M | 3.15M | 2.89M | 2.54M | 2.12M | 1.95M | 0 |
| Goodwill & Intangibles | 3.41M | 3.46M | 3.67M | 3.87M | 4.07M | 4.28M | 4.5M | 4.77M | 5.05M | 5.5M | 0 | 0 | 0 |
| Goodwill | 899K | 899K | 899K | 899K | 899K | 899K | 899K | 899K | 899K | 899K | 0 | 0 | 0 |
| Intangible Assets | 2.51M | 2.56M | 2.77M | 2.97M | 3.17M | 3.38M | 3.6M | 3.87M | 4.15M | 4.6M | 0 | 0 | 0 |
| PP&E (Net) | 12.3M | 12.4M | 12.15M | 13.56M | 13.35M | 11.81M | 7.78M | 8.64M | 9.64M | 9.74M | 8.72M | 6.15M | 5.36M |
| Other Assets | 78.63M | 128.51M | 73.39M | 76.11M | 73.11M | 50.85M | 40.89M | 54.7M | 24.1M | 36.24M | 17.11M | 16.84M | 566.51M |
| Total Current Assets | 2.24B | 143.59M | 189.14M | 329.97M | 318.49M | 276.03M | 194.27M | 81.81M | 79.8M | 68.2M | 55.1M | 46.55M | 10.33M |
| Total Non-Current Assets | 337.23M | 2.42B | 2.2B | 1.92B | 1.74B | 1.44B | 1.53B | 1.07B | 917.68M | 787.84M | 678.6M | 616.79M | 571.88M |
| Total Assets | 2.58B | 2.56B | 2.39B | 2.25B | 2.06B | 1.71B | 1.72B | 1.15B | 997.48M | 856.03M | 733.69M | 663.34M | 582.21M |
| Asset Growth % | 22.58% | 7.38% | 6.22% | 8.92% | 20.36% | -0.39% | 49.58% | 15.29% | 16.52% | 16.67% | 10.61% | 13.94% | - |
| Return on Assets (ROA) | 0.95% | 0.88% | 0.71% | 0.61% | 1.16% | 2.07% | 1.84% | 0.98% | 0.88% | 0.38% | 0.7% | 0.99% | 0.74% |
| Accounts Payable | 0 | 6.53M | 6.86M | 10.32M | 2.39M | 31K | 1.15M | 1.09M | 305K | 216K | 194K | 159K | 0 |
| Total Debt | 170.51M | 167.19M | 174.21M | 191.73M | 162.43M | 81.85M | 256.67M | 167.76M | 129.78M | 121.92M | 131.73M | 114.87M | 68.23M |
| Net Debt | 142.24M | 131.41M | 146.75M | 135.03M | 124.04M | 58.37M | 222.48M | 148.66M | 106.62M | 97.03M | 113.25M | 95.75M | 57.9M |
| Long-Term Debt | 170.51M | 49.85M | 49.74M | 49.84M | 40.35M | 40.51M | 40.67M | 40.96M | 10.48M | 15.37M | 13.38M | 13.45M | 68.23M |
| Short-Term Debt | 0 | 117.34M | 124.47M | 141.9M | 122.08M | 41.34M | 216M | 126.8M | 119.3M | 106.55M | 118.35M | 101.42M | 0 |
| Other Liabilities | 0 | 30.43M | 27.9M | 62.65M | 31.65M | 19.79M | 79.41M | 9.31M | 5.72M | 5.43M | 4.67M | 4.83M | 0 |
| Total Current Liabilities | 2.21B | 2.28B | 2.14B | 1.98B | 1.84B | 1.49B | 1.46B | 979.05M | 871.74M | 733.88M | 645.68M | 592.15M | 0 |
| Total Non-Current Liabilities | 170.51M | 80.28M | 77.65M | 112.49M | 72M | 60.3M | 120.08M | 50.27M | 16.19M | 20.8M | 18.05M | 18.27M | 68.23M |
| Total Liabilities | 2.38B | 2.36B | 2.21B | 2.09B | 1.91B | 1.55B | 1.58B | 1.03B | 887.93M | 754.67M | 663.73M | 610.42M | 68.23M |
| Total Equity | 202.93M | 199.72M | 171.52M | 158.02M | 153.28M | 165.36M | 141.62M | 120.69M | 109.55M | 101.36M | 69.96M | 52.92M | 45.04M |
| Equity Growth % | 55.48% | 16.44% | 8.54% | 3.09% | -7.31% | 16.76% | 17.34% | 10.17% | 8.08% | 44.88% | 32.2% | 17.5% | - |
| Equity / Assets (Capital Ratio) | 7.87% | 7.8% | 7.19% | 7.04% | 7.43% | 9.65% | 8.23% | 10.5% | 10.98% | 11.84% | 9.54% | 7.98% | 7.74% |
| Return on Equity (ROE) | 12.57% | 11.76% | 9.92% | 8.51% | 13.7% | 23.18% | 20.16% | 9.1% | 7.74% | 3.54% | 8.01% | 12.63% | 9.56% |
| Book Value per Share | 16.70 | 17.31 | 15.26 | 13.88 | 12.56 | 13.32 | 11.45 | 9.37 | 8.52 | 13.44 | 14.87 | 11.25 | 9.29 |
| Tangible BV per Share | 16.42 | 17.01 | 14.93 | 13.54 | 12.23 | 12.98 | 11.08 | 9.00 | 8.13 | 12.71 | 14.87 | 11.25 | 9.29 |
| Common Stock | 13.88M | 13.83M | 13.24M | 13.19M | 13.16M | 6.54M | 6.46M | 6.41M | 6.41M | 6.39M | 3.69M | 2.6M | 45.04M |
| Additional Paid-in Capital | 90.89M | 90.35M | 81.55M | 80.33M | 79.07M | 83.66M | 81.2M | 80.2M | 79.92M | 79.5M | 39.89M | 24.4M | 0 |
| Retained Earnings | 131.18M | 128.12M | 111.96M | 101.22M | 95.81M | 84.92M | 59.01M | 34.1M | 23.62M | 15.77M | 13.85M | 13.15M | 0 |
| Accumulated OCI | -5.7M | -5.28M | -8.14M | -9.42M | -11.54M | 708K | 2.56M | -3K | -390K | -298K | -308K | -80K | 0 |
| Treasury Stock | -26.08M | -26.08M | -26.08M | -26.08M | -21.82M | -8.86M | -5.83M | -3K | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12.85M | 12.85M | 0 |
CRE and mortgage concentration
According to the provided financial statements, Meridian Corporation's total assets grew from $2.2 billion in 2023Q4 to $2.6 billion by 2026Q1, a trend largely driven by a significant expansion in the investment securities portfolio rather than purely organic loan book growth.
The shift toward a larger securities portfolio suggests a strategic pivot to manage liquidity while awaiting more favorable conditions for commercial lending. Investors should monitor whether this asset mix shift will sustainably support net interest income growth or if it merely reflects a temporary parking of capital.
As reported in the quarterly filings, Meridian's equity base expanded from $158.0 million in 2023Q4 to $202.9 million in 2026Q1, maintaining a consistent equity-to-assets ratio of approximately 7% to 8% throughout the observed period, which indicates a disciplined approach to capital preservation.
This steady accumulation of equity appears to provide a sufficient buffer against potential volatility in the bank's mortgage-heavy revenue streams. The maintenance of this ratio suggests management is prioritizing long-term solvency over aggressive capital deployment, which may be prudent given the current regional economic uncertainty.
Based on the reported figures, Meridian's cash and cash equivalents have exhibited significant quarterly volatility, peaking at $130.6 million in 2025Q1 before retreating to $28.3 million in 2026Q1, reflecting a highly tactical approach to managing short-term liquidity needs within the broader balance sheet.
The fluctuation in cash balances suggests that the bank may be utilizing its securities portfolio as a primary liquidity buffer rather than maintaining high levels of idle cash. This strategy warrants further investigation into the duration and credit quality of the securities held to ensure they can be liquidated without significant impairment.
Financial disclosures reveal that Meridian's provision for loan losses has been highly inconsistent, ranging from a high of $5.2 million in 2025Q1 to zero in 2026Q1, which implies a reactive approach to credit risk management rather than a steady-state accrual strategy for potential losses.
This lack of consistent provisioning may mask underlying credit deterioration within the commercial and construction loan portfolios. Investors should be wary that the absence of a provision in the most recent quarter may not reflect a lack of risk, but rather a potential deferral of necessary credit loss recognition.
Quick answers to the most common questions about buying MRBK stock.
As of 2025, Meridian Corporation (MRBK) had total assets of $2.56B including $143.6M in current assets.
Meridian Corporation (MRBK) carries total debt of $167.2M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Meridian Corporation (MRBK) has total shareholders' equity (book value) of $199.7M ($17.31 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Meridian Corporation (MRBK) reported a current ratio of 0.06x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.