Meridian Balance Sheet Health
Financial Health criteria checks 4/6
Meridian has total assets of $2.4B and total equity of $167.5M. Total deposits are $2.0B, and total loans are $2.0B earning a Net Interest Margin of 3.4%. It has insufficient allowance for bad loans, which are currently at 2.2% of total loans. Cash and short-term investments are $32.3M.
Key information
14.3x
Asset to equity ratio
3.4%
Net interest margin
| Total deposits | US$1.98b |
| Loan to deposit ratio | Appropriate |
| Bad loans | 2.2% |
| Allowance for bad loans | Low |
| Current ratio | Low |
| Cash & equivalents | US$32.35m |
Recent financial health updates
No updates
Recent updates
Meridian (NASDAQ:MRBK) Will Pay A Dividend Of $0.125
Oct 29
Meridian Corporation: Rate Cuts To Boost Mortgage Banking Income
Oct 17Meridian Corporation: Patience Is Required
Jul 16Meridian: High Dividend Yield With A Positive Earnings Outlook (Rating Upgrade)
Apr 08Meridian (NASDAQ:MRBK) Will Pay A Dividend Of $0.20
Nov 04Meridian Bank GAAP EPS of $0.96 beats by $0.03, revenue of $27.95M misses by $2.68M
Aug 01Meridian Corporation: Heavy Reliance On Mortgage Banking Income To Hurt Earnings This Year
Apr 19Meridian Corp.: More Growth Ahead
Jan 13Meridian Corp.: Earnings Trend To Depend On Mortgage Banking Normalization
Sep 02Meridian's (NASDAQ:MRBK) Dividend Will Be US$0.13
Jul 30Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: MRBK's Assets to Equity ratio (14.3x) is moderate.
Allowance for Bad Loans: MRBK has a low allowance for bad loans (49%).
Low Risk Liabilities: 89% of MRBK's liabilities are made up of primarily low risk sources of funding.
Loan Level: MRBK has an appropriate level of Loans to Assets ratio (83%).
Low Risk Deposits: MRBK's Loans to Deposits ratio (100%) is appropriate.
Level of Bad Loans: MRBK has a high level of bad loans (2.2%).