Meridian Bank

1776 E. Lancaster Avenue
Paoli, PA 19301

 

2018 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 57777
Date Established 2004
Assets $0.95 billion
Loans $0.82 billion
Deposits $0.68 billion
Capital $0.10 billion

Meridian Bank is an FDIC insured institution located in Paoli, PA. It was founded in 2004 and has approximately $0.95 billion in assets. Customers can open an account at one of its 7 branches.

For a more detailed analysis of Meridian Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Bank Loan Profile?

The top three loan types in Meridian Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial and Industrial Loans, and Commercial Real Estate.

Compared to other banks in Pennsylvania, Meridian Bank has a significantly higher percent of Construction and Development Loans, Commercial and Industrial Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 32.80
Multifamily
Mortgages
3.93
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 9.60
Construction and Development Loans 12.56
Commercial Real Estate 25.15
Commercial and Industrial Loans 26.04
Farm Loans 0.00

Deposit Rates - October 22, 2018

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.75% $1 $9,999 Learn MoreShow Less
Money Market
0.75% $10,000 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
6 Mo CD
2.00% $500 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
2.40% $500 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $500 - Learn MoreShow Less

Loan Rates - October 22, 2018

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Meridian Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2018

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
J.G. Wentworth Home Lending, LLC
NMLS ID: 2925
License#: MC-1875
4.773% 4.750% 0.25 $678 $1,305 Learn More
Ally Bank
NMLS ID: 181005
5.038% 5.000% 0.00 $1,164 $1,343 Learn More
AimLoan.com NMLS#2890
NMLS ID: 2890
License#: MC-3098
4.676% 4.625% 0.25 $1,600 $1,286 Learn More
Rocket Mortgage
NMLS ID: 3030
5.250% 5.250% 0.00 $0 $1,381 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2018

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 4.240% $245.68 Learn More
Flagstar Bank 5.490% $283.58 Learn More

Note to Meridian Bank
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Branches

Meridian Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Meridian Bank Locations

Financial Details

Meridian Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Meridian Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Meridian Bank U.S. Bank Average
2.54% 7.92%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of June 30, 2018, Meridian Bank had $2,845,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $104,380,000 in equity and $7,449,000 in loans loss reserves. That gives it a Texas Ratio of 2.54%.

Return on Equity
Meridian Bank U.S. Bank Average
5.98% 9.77%

Meridian Bank has a Return on Equity of 5.98% versus the BestCashCow average of 9.77%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Meridian Bank U.S. Bank Average
11.04% 12.31%

Meridian Bank has a Capitalization of 11.04% versus the BestCashCow average of 12.31. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Meridian Bank Balance Sheet Analysis

As of June 30, 2018, Meridian Bank had assets of $945,435,000, loans of $819,744,000, and deposits of $683,250,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

June 30, 2018
ASSETS
Cash & Balances due from depository institutions $0.03 billion
Interest-bearing balances $0.02 billion
Total securities $0.05 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.82 billion
Loan loss allowance $0.01 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.01 billion
All other assets $0.03 billion
     Total Assets $0.84 billion
LIABILITIES
Total deposits $0.68 billion
      Interest-bearing deposits $0.58 billion
      Deposits held in domestic offices $0.68 billion
      % insured (estimated) 63.79%
Federal funds purchased and repurchase agreements $0.01 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.14 billion
Subordinated debt $0.01 billion
All other liabilities $0.01 billion
      Total Liabilities $0.84 billion
      Shareholders’ Equity $0.10 billion

Summary Income Statement

June 30, 2018
INCOME AND EXPENSES
Total Interest Income $0.02 billion
Total Interest Expense $0.00 billion
Net interest income $0.02 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.02 billion
Total non interest expense $0.03 billion
Pre-tax Net Operating Income $0.00 billion

Frequently Asked Questions About Meridian Bank

Branches and Savings

Is Meridian Bank FDIC insured?

Yes. It is covered under FDIC Certificate #57777.

Why does Meridian Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Meridian Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Meridian Bank a commercial bank?

Yes

Where are Meridian Bank locations?

See branch locations nearby.

Is Meridian Bank open on Saturdays?

Is Meridian Bank open on Sundays?

What time does Meridian Bank open?

What time does Meridian Bank close?

Are Meridian Bank ATMs Open 24/7?

Do Meridian Bank ATMs accept cash deposits?

Can Meridian Bank customers use other ATMs?

Do Meridian Bank branches have notaries?

Will Meridian Bank notarize my document?

What address for Meridian Bank should I put for incoming ACH transfers?

Will the Meridian Bank branch print checks?

Do Meridian Bank checks expire?

Does Meridian Bank require US citizenship to open account?

Can Meridian Bank close my account?

Does Meridian Bank Report to credit bureaus?

Does Meridian Bank Use Equifax?

What is Meridian Bank's ACH Routing Number?

What is Meridian Bank's SWIFT code?

Products

Does Meridian Bank offer mortgages?

Compare mortgage rates here.

Does Meridian Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Meridian Bank offer personal loans?

Compare personal loan rates here.

Does Meridian Bank offer student loans?

Will Meridian Bank cash a check?

Will Meridian Bank redeem a savings bond?

Does Meridian Bank cash savings bonds?

Will Meridian Bank cash money orders?

Can Meridian Bank issue a money order?

Does Meridian Bank do currency exchange?

Background on The Bank

Who owns Meridian Bank?

How long has Meridian Bank been around?

Can Meridian Bank transfer to other banks?

Does Meridian Bank have quick pay?

Does Meridian Bank accept rolled coins?

Will Meridian Bank accept loose change?

Where is Meridian Bank headquarters?

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