Meridian Bank Corporation Mortgage Rates, Fees & Info

Malvern,

LEI: 635400IW1QMK3FNFF894

Tax ID: 32-0116054

4.4 stars - out of 5 stars, based on 87 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Meridian Bank Corporation is a small bank specializing in Home Purchase and Refi loans. Meridian Bank Corporation has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Baltimore, Philadelphia, Washington, Salisbury, and Dover among others. Meridian Bank Corporation has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Meridian Bank Corporation is typically an average fee lendor.


Originations

7,492

Origination Dollar Volume (All Markets)

$2,361,110,000

Employee count

409 Show all (13) awards

Relative Rate

Meridian Bank Corporation's average 30 year fixed rate mortgage of loans were 2.97%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.18%.

Relative Fees

Meridian Bank Corporation's average total fees for a 30 year fixed rate mortgage are $5,879.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 2,699 $842,545,000 $312,169 $5,247 2.87%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 2,149 $670,895,000 $312,189 $6,246 3.18%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 599 $239,675,000 $400,125 $5,603 2.82%
SALISBURY, MD-DE (FHA|USDA|VA) 420 $103,650,000 $246,786 $6,345 2.99%
DOVER, DE (FHA|USDA|VA) 158 $40,520,000 $256,456 $7,485 3.19%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 87 $30,855,000 $354,655 $5,848 2.98%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 91 $23,875,000 $262,363 $4,782 3.14%
LANCASTER, PA (FHA|USDA|VA) 95 $23,565,000 $248,053 $5,824 2.93%
OCEAN CITY, NJ (FHA|USDA|VA) 50 $20,430,000 $408,600 $6,492 2.89%
YORK-HANOVER, PA (FHA|USDA|VA) 80 $19,000,000 $237,500 $5,523 2.81%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 62 $14,200,000 $229,032 $5,011 2.96%
Outside of Metro Areas 39 $12,675,000 $325,000 $5,680 2.88%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 25 $12,165,000 $486,600 $4,763 2.80%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 30 $9,950,000 $331,667 $4,826 2.65%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 22 $9,560,000 $434,545 $6,231 2.87%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 32 $8,190,000 $255,938 $5,155 2.77%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 24 $7,740,000 $322,500 $5,679 2.73%
READING, PA (FHA|USDA|VA) 25 $6,855,000 $274,200 $5,964 2.89%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 18 $6,390,000 $355,000 $5,584 2.60%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 14 $6,300,000 $450,000 $5,499 2.46%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 20 $6,300,000 $315,000 $4,985 2.98%
RALEIGH-CARY, NC (FHA|USDA|VA) 18 $5,490,000 $305,000 $4,150 2.76%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 14 $5,230,000 $373,571 $4,346 2.59%
RICHMOND, VA (FHA|USDA|VA) 13 $5,165,000 $397,308 $5,666 2.87%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 13 $4,775,000 $367,308 $4,154 2.82%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 13 $4,745,000 $365,000 $6,358 2.65%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 10 $4,690,000 $469,000 $6,077 2.75%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 8 $4,600,000 $575,000 $8,816 2.50%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 16 $4,410,000 $275,625 $4,543 2.60%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 12 $4,360,000 $363,333 $4,838 2.99%
JACKSONVILLE, FL (FHA|USDA|VA) 12 $4,330,000 $360,833 $6,182 2.74%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 16 $4,200,000 $262,500 $3,868 2.71%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 16 $4,110,000 $256,875 $5,224 3.17%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 13 $4,085,000 $314,231 $4,534 2.77%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 5 $3,645,000 $729,000 $9,510 2.97%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 7 $3,575,000 $510,714 $12,763 2.57%
Easton, MD (FHA|USDA|VA) 8 $3,530,000 $441,250 $3,976 3.16%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 6 $3,370,000 $561,667 $7,362 2.75%
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 10 $3,270,000 $327,000 $4,315 2.84%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 14 $3,210,000 $229,286 $5,293 3.01%
PITTSBURGH, PA (FHA|USDA|VA) 14 $3,170,000 $226,429 $5,233 2.98%
GETTYSBURG, PA (FHA|USDA|VA) 14 $3,080,000 $220,000 $5,151 2.80%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 8 $3,060,000 $382,500 $5,316 2.80%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 10 $3,020,000 $302,000 $4,196 3.15%
ANCHORAGE, AK (FHA|USDA|VA) 6 $2,880,000 $480,000 $6,391 2.46%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 8 $2,850,000 $356,250 $5,262 2.51%
SALT LAKE CITY, UT (FHA|USDA|VA) 5 $2,835,000 $567,000 $6,531 2.75%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 6 $2,590,000 $431,667 $5,307 2.35%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 9 $2,585,000 $287,222 $5,167 2.67%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 7 $2,545,000 $363,571 $12,321 2.52%
LEBANON, PA (FHA|USDA|VA) 9 $2,385,000 $265,000 $4,653 2.88%
LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 5 $2,275,000 $455,000 $5,988 2.77%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 5 $2,205,000 $441,000 $4,121 2.93%
OKLAHOMA CITY, OK (FHA|USDA|VA) 9 $2,145,000 $238,333 $4,581 2.90%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 7 $2,125,000 $303,571 $4,144 2.96%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 5 $2,075,000 $415,000 $8,362 2.30%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 2 $2,050,000 $1,025,000 $3,280 2.88%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 5 $2,035,000 $407,000 $3,956 2.68%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 6 $2,000,000 $333,333 $4,596 2.90%
ST. LOUIS, MO-IL (FHA|USDA|VA) 5 $1,995,000 $399,000 $4,377 2.68%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 6 $1,970,000 $328,333 $3,863 2.88%
COLUMBUS, OH (FHA|USDA|VA) 5 $1,955,000 $391,000 $4,575 2.38%
EAST STROUDSBURG, PA (FHA|USDA|VA) 9 $1,945,000 $216,111 $5,150 3.25%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 5 $1,815,000 $363,000 $3,825 2.62%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 7 $1,665,000 $237,857 $3,062 3.02%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 4 $1,640,000 $410,000 $3,766 3.06%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 5 $1,615,000 $323,000 $3,740 2.28%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 4 $1,590,000 $397,500 $5,089 2.90%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 6 $1,540,000 $256,667 $4,406 2.69%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 5 $1,535,000 $307,000 $4,135 2.85%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 6 $1,500,000 $250,000 $4,492 3.00%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 4 $1,500,000 $375,000 $3,773 2.88%
GREELEY, CO (FHA|USDA|VA) 4 $1,460,000 $365,000 $2,663 2.25%
KANSAS CITY, MO-KS (FHA|USDA|VA) 5 $1,455,000 $291,000 $4,769 2.68%
COLUMBIA, SC (FHA|USDA|VA) 5 $1,435,000 $287,000 $4,589 2.85%
HUNTSVILLE, AL (FHA|USDA|VA) 5 $1,415,000 $283,000 $4,828 2.48%
Steamboat Springs, CO (FHA|USDA|VA) 1 $1,375,000 $1,375,000 $7,464 2.62%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 4 $1,350,000 $337,500 $5,098 2.75%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 5 $1,315,000 $263,000 $3,240 2.80%
DAYTON-KETTERING, OH (FHA|USDA|VA) 4 $1,290,000 $322,500 $3,971 2.47%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 4 $1,280,000 $320,000 $4,902 2.44%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 4 $1,250,000 $312,500 $3,754 2.88%
CHEYENNE, WY (FHA|USDA|VA) 4 $1,240,000 $310,000 $6,616 2.31%
SALINAS, CA (FHA|USDA|VA) 1 $1,225,000 $1,225,000 $16,331 2.38%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 5 $1,225,000 $245,000 $6,724 2.83%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 3 $1,215,000 $405,000 $4,981 2.58%
ALBUQUERQUE, NM (FHA|USDA|VA) 4 $1,170,000 $292,500 $4,050 2.91%
COLORADO SPRINGS, CO (FHA|USDA|VA) 2 $1,160,000 $580,000 $2,493 2.50%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 3 $1,105,000 $368,333 $4,964 2.25%
Oak Harbor, WA (FHA|USDA|VA) 3 $1,105,000 $368,333 $2,325 2.58%
Outside of Metro Areas 2 $1,100,000 $550,000 $4,765 2.94%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 4 $1,100,000 $275,000 $4,265 2.90%
Elko, NV (FHA|USDA|VA) 3 $1,075,000 $358,333 $5,726 3.29%
Port Angeles, WA (FHA|USDA|VA) 2 $1,030,000 $515,000 $15,116 2.25%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 3 $1,025,000 $341,667 $4,309 2.25%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 4 $1,010,000 $252,500 $4,188 2.28%
BOISE CITY, ID (FHA|USDA|VA) 1 $985,000 $985,000 $5,980 2.50%
BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 6 $950,000 $158,333 $5,349 3.29%
PROVO-OREM, UT (FHA|USDA|VA) 2 $940,000 $470,000 $4,391 2.25%
SAVANNAH, GA (FHA|USDA|VA) 3 $925,000 $308,333 $5,860 2.37%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 5 $885,000 $177,000 $4,154 2.80%
Enterprise, AL (FHA|USDA|VA) 2 $860,000 $430,000 $4,548 2.50%
SPRINGFIELD, MA (FHA|USDA|VA) 2 $850,000 $425,000 $3,316 2.81%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 2 $840,000 $420,000 $14,568 2.50%
SYRACUSE, NY (FHA|USDA|VA) 4 $820,000 $205,000 $3,551 3.03%
Morehead City, NC (FHA|USDA|VA) 1 $805,000 $805,000 $3,880 2.88%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 2 $790,000 $395,000 $3,745 2.56%
CORPUS CHRISTI, TX (FHA|USDA|VA) 2 $790,000 $395,000 $5,781 2.25%
Concord, NH (FHA|USDA|VA) 2 $780,000 $390,000 $3,308 2.88%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 3 $775,000 $258,333 $6,805 2.58%
PUNTA GORDA, FL (FHA|USDA|VA) 2 $770,000 $385,000 $4,973 2.94%
WINSTON-SALEM, NC (FHA|USDA|VA) 2 $760,000 $380,000 $5,264 3.19%
WORCESTER, MA-CT (FHA|USDA|VA) 2 $760,000 $380,000 $5,146 2.25%
FRESNO, CA (FHA|USDA|VA) 2 $740,000 $370,000 $2,461 2.75%
FORT COLLINS, CO (FHA|USDA|VA) 2 $730,000 $365,000 $3,511 2.56%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 3 $725,000 $241,667 $3,386 3.13%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 4 $710,000 $177,500 $4,769 3.03%
VISALIA, CA (FHA|USDA|VA) 2 $710,000 $355,000 $2,754 2.38%
FAYETTEVILLE, NC (FHA|USDA|VA) 4 $690,000 $172,500 $4,117 2.78%
BELLINGHAM, WA (FHA|USDA|VA) 2 $690,000 $345,000 $3,524 2.56%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 3 $675,000 $225,000 $4,279 2.71%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 3 $675,000 $225,000 $3,051 2.87%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 3 $675,000 $225,000 $3,308 2.38%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $645,000 $645,000 $4,640 2.75%
DULUTH, MN-WI (FHA|USDA|VA) 2 $630,000 $315,000 $2,694 2.25%
ANN ARBOR, MI (FHA|USDA|VA) 1 $625,000 $625,000 $4,084 3.00%
ROCHESTER, NY (FHA|USDA|VA) 3 $615,000 $205,000 $4,208 2.75%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 2 $610,000 $305,000 $6,960 2.50%
RENO, NV (FHA|USDA|VA) 2 $610,000 $305,000 $3,864 2.62%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $605,000 $605,000 $2,861 2.75%
SANTA FE, NM (FHA|USDA|VA) 1 $585,000 $585,000 $5,357 3.13%
VALLEJO, CA (FHA|USDA|VA) 1 $575,000 $575,000 $5,813 2.25%
Fallon, NV (FHA|USDA|VA) 2 $570,000 $285,000 $8,775 2.31%
VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 3 $565,000 $188,333 $3,092 3.17%
ALTOONA, PA (FHA|USDA|VA) 2 $550,000 $275,000 $3,876 2.62%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 2 $550,000 $275,000 $3,785 2.81%
NEW BERN, NC (FHA|USDA|VA) 2 $550,000 $275,000 $3,042 2.69%
MONTGOMERY, AL (FHA|USDA|VA) 2 $550,000 $275,000 $3,778 2.31%
Gardnerville Ranchos, NV (FHA|USDA|VA) 2 $540,000 $270,000 $2,949 2.62%
STATE COLLEGE, PA (FHA|USDA|VA) 2 $540,000 $270,000 $4,958 3.06%
BEND, OR (FHA|USDA|VA) 2 $540,000 $270,000 $7,399 3.00%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 2 $540,000 $270,000 $2,968 3.50%
TUCSON, AZ (FHA|USDA|VA) 1 $535,000 $535,000 $12,249 3.63%
URBAN HONOLULU, HI (FHA|USDA|VA) 1 $535,000 $535,000 $3,907 2.25%
DOTHAN, AL (FHA|USDA|VA) 1 $525,000 $525,000 $4,510 3.13%
KNOXVILLE, TN (FHA|USDA|VA) 1 $525,000 $525,000 $5,914 2.75%
LAFAYETTE, LA (FHA|USDA|VA) 2 $520,000 $260,000 $3,739 2.25%
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 1 $505,000 $505,000 $3,024 2.38%
BURLINGTON, NC (FHA|USDA|VA) 1 $485,000 $485,000 $4,261 3.25%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 2 $480,000 $240,000 $4,251 2.56%
JACKSONVILLE, NC (FHA|USDA|VA) 2 $470,000 $235,000 $6,140 2.50%
BAKERSFIELD, CA (FHA|USDA|VA) 2 $470,000 $235,000 $5,520 2.56%
TWIN FALLS, ID (FHA|USDA|VA) 1 $465,000 $465,000 $14,073 2.25%
Rutland, VT (FHA|USDA|VA) 1 $465,000 $465,000 $4,296 2.75%
FORT WAYNE, IN (FHA|USDA|VA) 2 $450,000 $225,000 $3,036 3.06%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 2 $450,000 $225,000 $6,286 3.00%
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 1 $445,000 $445,000 $4,857 2.75%
COLUMBUS, GA-AL (FHA|USDA|VA) 2 $440,000 $220,000 $6,349 2.25%
TULSA, OK (FHA|USDA|VA) 2 $440,000 $220,000 $4,706 2.50%
PUEBLO, CO (FHA|USDA|VA) 1 $435,000 $435,000 $13,906 2.38%
YAKIMA, WA (FHA|USDA|VA) 1 $435,000 $435,000 $5,732 2.25%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $435,000 $435,000 $2,437 2.25%
Kill Devil Hills, NC (FHA|USDA|VA) 1 $415,000 $415,000 $4,066 3.99%
SAN ANGELO, TX (FHA|USDA|VA) 1 $405,000 $405,000 $3,852 2.88%
Sunbury, PA (FHA|USDA|VA) 2 $400,000 $200,000 $4,657 2.56%
Alexandria, MN (FHA|USDA|VA) 1 $395,000 $395,000 $2,501 2.13%
Cambridge, MD (FHA|USDA|VA) 2 $390,000 $195,000 $4,011 3.13%
MORGANTOWN, WV (FHA|USDA|VA) 2 $390,000 $195,000 $3,215 2.94%
Lewisburg, TN (FHA|USDA|VA) 1 $385,000 $385,000 $3,184 3.13%
FORT SMITH, AR-OK (FHA|USDA|VA) 1 $385,000 $385,000 $8,900 2.38%
GRAND JUNCTION, CO (FHA|USDA|VA) 1 $385,000 $385,000 $8,549 2.38%
Helena, MT (FHA|USDA|VA) 1 $385,000 $385,000 $7,242 2.38%
LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 1 $375,000 $375,000 $4,213 2.25%
Indiana, PA (FHA|USDA|VA) 3 $365,000 $121,667 $5,200 3.13%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 1 $365,000 $365,000 $3,985 2.25%
WARNER ROBINS, GA (FHA|USDA|VA) 1 $365,000 $365,000 $3,390 2.13%
MADISON, WI (FHA|USDA|VA) 1 $365,000 $365,000 $4,171 2.25%
LEWISTON, ID-WA (FHA|USDA|VA) 1 $355,000 $355,000 $3,566 2.25%
Ontario, OR-ID (FHA|USDA|VA) 1 $355,000 $355,000 $3,929 2.25%
Salem, OH (FHA|USDA|VA) 1 $355,000 $355,000 $6,377 2.25%
MANKATO, MN (FHA|USDA|VA) 1 $355,000 $355,000 $3,155 2.25%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 2 $350,000 $175,000 $1,999 2.56%
ROANOKE, VA (FHA|USDA|VA) 1 $345,000 $345,000 $3,682 2.25%
GRANTS PASS, OR (FHA|USDA|VA) 1 $345,000 $345,000 $5,760 2.25%
Taylorville, IL (FHA|USDA|VA) 1 $345,000 $345,000 $2,732 3.00%
WENATCHEE, WA (FHA|USDA|VA) 1 $335,000 $335,000 $4,401 2.25%
Cedar City, UT (FHA|USDA|VA) 1 $335,000 $335,000 $4,201 2.25%
FAIRBANKS, AK (FHA|USDA|VA) 1 $335,000 $335,000 $7,959 1.88%
MEDFORD, OR (FHA|USDA|VA) 1 $335,000 $335,000 $5,327 2.63%
WILLIAMSPORT, PA (FHA|USDA|VA) 1 $335,000 $335,000 $5,276 2.63%
MIDLAND, TX (FHA|USDA|VA) 1 $335,000 $335,000 $6,052 2.38%
JACKSON, MS (FHA|USDA|VA) 1 $325,000 $325,000 $4,259 2.25%
Norfolk, NE (FHA|USDA|VA) 1 $325,000 $325,000 $7,887 2.25%
Kalispell, MT (FHA|USDA|VA) 1 $325,000 $325,000 $4,787 2.38%
SPARTANBURG, SC (FHA|USDA|VA) 1 $325,000 $325,000 $4,486 2.25%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $315,000 $315,000 $2,497 3.38%
Fernley, NV (FHA|USDA|VA) 1 $315,000 $315,000 $4,388 2.25%
Lumberton, NC (FHA|USDA|VA) 1 $305,000 $305,000 $4,590 2.38%
Laramie, WY (FHA|USDA|VA) 1 $305,000 $305,000 $9,852 2.25%
ROME, GA (FHA|USDA|VA) 1 $305,000 $305,000 $2,661 2.63%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 1 $295,000 $295,000 $4,762 2.88%
WICHITA, KS (FHA|USDA|VA) 3 $295,000 $98,333 $3,414 4.00%
CLEVELAND, TN (FHA|USDA|VA) 1 $295,000 $295,000 $3,724 2.75%
Orangeburg, SC (FHA|USDA|VA) 1 $295,000 $295,000 $2,412 2.25%
Brookings, OR (FHA|USDA|VA) 1 $285,000 $285,000 $4,614 2.75%
LONGVIEW, TX (FHA|USDA|VA) 1 $285,000 $285,000 $3,972 2.38%
Eureka-Arcata, CA (FHA|USDA|VA) 1 $275,000 $275,000 $3,217 2.75%
THE VILLAGES, FL (FHA|USDA|VA) 1 $275,000 $275,000 $6,959 3.38%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $265,000 $265,000 $2,921 2.88%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $265,000 $265,000 $3,991 2.38%
GOLDSBORO, NC (FHA|USDA|VA) 1 $265,000 $265,000 $3,272 3.50%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $255,000 $255,000 $8,548 3.13%
Poplar Bluff, MO (FHA|USDA|VA) 1 $255,000 $255,000 $8,410 2.38%
Pottsville, PA (FHA|USDA|VA) 2 $250,000 $125,000 $5,827 2.75%
SALEM, OR (FHA|USDA|VA) 2 $250,000 $125,000 $2,709 3.00%
Sayre, PA (FHA|USDA|VA) 1 $245,000 $245,000 $3,920 3.50%
Tupelo, MS (FHA|USDA|VA) 1 $245,000 $245,000 $3,358 2.25%
EL PASO, TX (FHA|USDA|VA) 2 $240,000 $120,000 $3,915 3.19%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $235,000 $235,000 $3,993 2.75%
CEDAR RAPIDS, IA (FHA|USDA|VA) 1 $235,000 $235,000 $3,314 2.50%
LEWISTON-AUBURN, ME (FHA|USDA|VA) 1 $225,000 $225,000 $3,281 3.13%
Lock Haven, PA (FHA|USDA|VA) 1 $215,000 $215,000 $4,975 2.50%
CHARLESTON, WV (FHA|USDA|VA) 1 $215,000 $215,000 $3,226 3.50%
UTICA-ROME, NY (FHA|USDA|VA) 1 $205,000 $205,000 $7,089 3.00%
CUMBERLAND, MD-WV (FHA|USDA|VA) 1 $205,000 $205,000 $6,264 2.75%
WINCHESTER, VA-WV (FHA|USDA|VA) 1 $205,000 $205,000 $5,320 3.13%
ASHEVILLE, NC (FHA|USDA|VA) 1 $205,000 $205,000 $2,832 2.75%
EVANSVILLE, IN-KY (FHA|USDA|VA) 1 $205,000 $205,000 $2,933 2.88%
AMARILLO, TX (FHA|USDA|VA) 1 $205,000 $205,000 $3,047 2.63%
Boone, NC (FHA|USDA|VA) 1 $195,000 $195,000 $3,291 2.75%
ALBANY-LEBANON, OR (FHA|USDA|VA) 1 $185,000 $185,000 $3,130 3.25%
PINE BLUFF, AR (FHA|USDA|VA) 1 $175,000 $175,000 $3,045 2.25%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $175,000 $175,000 $7,413 3.00%
Taos, NM (FHA|USDA|VA) 1 $165,000 $165,000 $3,124 3.63%
MIDLAND, MI (FHA|USDA|VA) 1 $165,000 $165,000 $2,789 3.25%
WILMINGTON, NC (FHA|USDA|VA) 1 $155,000 $155,000 $3,508 4.00%
Ogdensburg-Massena, NY (FHA|USDA|VA) 1 $145,000 $145,000 $6,922 2.88%
Durango, CO (FHA|USDA|VA) 1 $135,000 $135,000 $2,331 2.75%
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 1 $135,000 $135,000 $4,627 3.75%
FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 1 $135,000 $135,000 $5,403 3.45%
Somerset, PA (FHA|USDA|VA) 1 $135,000 $135,000 $5,391 3.88%
JANESVILLE-BELOIT, WI (FHA|USDA|VA) 1 $125,000 $125,000 $3,149 3.50%
Jefferson, GA (FHA|USDA|VA) 1 $125,000 $125,000 $3,135 2.75%
Fairmont, WV (FHA|USDA|VA) 1 $125,000 $125,000 $3,141 2.38%
Hutchinson, MN (FHA|USDA|VA) 1 $125,000 $125,000 $2,621 3.00%
Greeneville, TN (FHA|USDA|VA) 1 $125,000 $125,000 $3,269 3.63%
PANAMA CITY, FL (FHA|USDA|VA) 1 $105,000 $105,000 $2,731 2.75%
JOHNSTOWN, PA (FHA|USDA|VA) 1 $95,000 $95,000 $4,072 3.13%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 1 $85,000 $85,000 $0 1.75%
TALLAHASSEE, FL (FHA|USDA|VA) 1 $85,000 $85,000 $3,550 3.25%
Corning, NY (FHA|USDA|VA) 1 $75,000 $75,000 $3,557 3.13%

Meridian Bank Corporation's top markets include Baltimore, Philadelphia, Washington, Salisbury, and Dover among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 5,256 $1,699,680,000 $323,379 $4,636 3.03%
FHA 1,268 $320,440,000 $252,713 $8,849 3.00%
VA 783 $299,735,000 $382,803 $6,947 2.46%
USDA 185 $41,255,000 $223,000 $6,695 2.88%

For the 2021 period, Meridian Bank Corporation's most frequently originated loan type of loans were Conventional, with 5,256 originations. Their 2nd most popular type is FHA, with 1,268 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 4,075 $1,262,115,000 $309,721 $6,529 3.09%
Refi 2,405 $776,625,000 $322,921 $4,381 2.71%
Cash Out Refi 985 $306,835,000 $311,508 $5,271 3.02%
Home Improvement 21 $9,405,000 $447,857 $3,021 4.64%
Other 6 $6,130,000 $1,021,667 $6,756 3.65%

For the 2021, Meridian Bank Corporation's most frequently cited loan purpose of loans were Home Purchase, with 4,075 originations. The 2nd most popular reason of loans were Refi, with 2,405 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 6,488 $2,012,580,000 $310,200 $5,879 2.97%
15 Year 501 $125,315,000 $250,130 $3,797 2.50%
20 Year 246 $72,170,000 $293,374 $4,351 2.72%
10 Year 147 $98,285,000 $668,605 $3,424 4.05%
Other 73 $22,565,000 $309,110 $4,428 3.03%
1 Year 24 $8,450,000 $352,083 $0 4.98%
30+ year 6 $6,450,000 $1,075,000 $6,523 3.79%
5 Year 4 $14,550,000 $3,637,500 $0 4.44%
3 Year 3 $745,000 $248,333 $5,497 4.67%

For the 2021, Meridian Bank Corporation's most frequently cited loan length of loans were 30 Year, with 6,488 originations. The 2nd most popular length of loans were 15 Year, with 501 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 5,779 $1,719,015,000 $297,459
$2k-3k 649 $178,985,000 $275,786
$3k-4k 483 $158,895,000 $328,975
$5k+ 361 $168,905,000 $467,881
$<1k 68 $15,130,000 $222,500

$5,879 of loans were Meridian Bank Corporation's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 5,779 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 3,217 $1,003,645,000 $311,982
3-4% 2,413 $695,545,000 $288,249
<2.5% 1,598 $520,570,000 $325,763
4-5% 261 $140,795,000 $539,444
5-6% 3 $555,000 $185,000

During 2021, Meridian Bank Corporation's average interest rate of loans were 2.97%, while their most frequently originated rate bucket of loans were 2.5-3%, with 3,217 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 4,042 $1,158,500,000 $286,616 $5,637 2.93%
$100k-200k 1,737 $279,015,000 $160,630 $4,545 3.04%
$400k-600k 1,224 $584,150,000 $477,247 $6,776 2.84%
$600k-1MM 266 $195,870,000 $736,353 $8,648 3.11%
$100,000 or less 151 $12,175,000 $80,629 $3,550 3.32%
$1MM+ 72 $131,400,000 $1,825,000 $11,267 3.59%

2021 saw Meridian Bank Corporation place emphasis on $200k-400k loans with 4,042 originations, totaling $1,158,500,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 1,701 $397,695,000 $233,801 $5,788 3.01%
$100k-150k 1,450 $476,930,000 $328,917 $5,666 2.93%
$75k-100k 1,165 $321,805,000 $276,227 $5,682 2.97%
$150k-250k 1,060 $417,890,000 $394,236 $5,630 2.91%
$50k or less 973 $180,925,000 $185,946 $5,574 3.02%
$250k+ 485 $261,055,000 $538,258 $6,148 3.01%

Meridian Bank Corporation lent most frequently to those with incomes in the $50k-75k range, with 1,701 originations. The second most popular income band? $100k-150k, with 1,450 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 1,434 $447,330,000 $311,946 $4,951 2.91%
30-36% 1,325 $401,075,000 $302,698 $5,440 2.97%
<20% 557 $176,145,000 $316,239 $4,509 2.86%
44% 337 $88,805,000 $263,516 $5,758 3.02%
40% 270 $80,150,000 $296,852 $5,730 3.04%
42% 267 $84,935,000 $318,109 $6,066 3.06%
39% 266 $77,450,000 $291,165 $5,738 3.07%
41% 254 $77,430,000 $304,843 $6,310 3.05%
37% 253 $76,525,000 $302,470 $5,864 3.00%
43% 252 $72,510,000 $287,738 $6,432 3.04%
38% 251 $75,495,000 $300,777 $5,838 2.99%
36% 243 $70,925,000 $291,872 $5,767 2.93%
50-60% 237 $65,075,000 $274,578 $9,169 3.02%
49% 182 $52,350,000 $287,637 $6,262 3.02%
48% 182 $51,230,000 $281,484 $6,870 3.00%
45% 180 $53,390,000 $296,611 $6,326 2.98%
47% 171 $50,295,000 $294,123 $6,849 2.96%
46% 133 $39,405,000 $296,278 $6,642 3.03%
>60% 3 $2,335,000 $778,333 $5,215 3.41%

Meridian Bank Corporation lent most frequently to those with DTI ratios of 20-30%, with 1,434 originations. The next most common DTI ratio? 30-36%, with 1,325 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 5,054 $1,560,940,000 $308,852 $5,355 2.91%
Black 1,332 $365,310,000 $274,257 $6,816 3.04%
Not provided 629 $209,925,000 $333,744 $6,088 2.93%
Asian 308 $106,120,000 $344,545 $4,769 2.89%
Not applicable 127 $105,645,000 $831,850 $0 4.67%
American Indian 34 $9,590,000 $282,059 $5,923 3.00%
Native Hawaiian 7 $3,035,000 $433,571 $6,106 2.87%
Chinese 1 $545,000 $545,000 $4,867 3.63%

Approval Rates

Total approvals of all applications
97.49%

Meridian Bank Corporation has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

Pick Rate

Approvals leading to origination
83.12%

Meridian Bank Corporation has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 7,492 $2,361,110,000 $315,151

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
7,492 $2,361,110,000 $315,151

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 187 $43,635,000 $233,342 $3,770 2.80%
40-60% 743 $224,125,000 $301,649 $4,182 2.85%
60-80% 2,420 $839,600,000 $346,942 $4,588 3.01%
80-100% 4,011 $1,208,595,000 $301,320 $6,439 2.97%
Over 100% 111 $42,205,000 $380,225 $13,102 2.62%
Under 20% 19 $2,465,000 $129,737 $2,203 3.81%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Meridian Bank 16 W. Market Street West Chester, PA 19382 Full Service B&M $389,340
Meridian Bank 100 East State Street Media, PA 19063 Full Service B&M $73,317
Meridian Bank 1719a South Easton Road Doylestown, PA 18901 Full Service B&M $131,200
Meridian Bank 1760 Market Street Philadelphia, PA 19103 Full Service B&M $41,959
Meridian Bank 1776 E. Lancaster Avenue Paoli, PA 19301 Full Service B&M $652,116
Meridian Bank 653 Skippack Pike, Suite 116 Blue Bell, PA 19422 Full Service B&M $126,636

For 2021, Meridian Bank Corporation had 6 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $71,522
Net interest income $65,260
Total noninterest income $87,580
Gross Fiduciary activities income $0
Service charges on deposit accounts $129
Trading account gains and fees $0
Additional Noninterest Income $87,451
Pre-tax net operating income $48,043
Securities gains (or losses, -) $408
Income before extraordinary items $37,734
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $37,734
Minority interest net income $0
Net income $37,734
Sale, conversion, retirement of capital stock, net $2,499
Net operating income $37,411

Meridian Bank Corporation's gross interest income from loans was $71,522,000.
Meridian Bank Corporation's net interest income from loans was $65,260,000.
Meridian Bank Corporation's fee based income from loans was $129,000.
Meridian Bank Corporation's net income from loans was $37,734,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $6,262
Provision for credit losses $1,070
Total noninterest expense $103,727
Salaries and employee benefits $78,866
Premises and equipment expense $4,545
Additional noninterest expense $20,316
Applicable income taxes $10,717
Net charge-offs $78
Cash dividends $17,187

Meridian Bank Corporation's interest expense for loans was $6,262,000.
Meridian Bank Corporation's payroll and benefits expense were $78,866,000.
Meridian Bank Corporation's property, plant and equipment expenses $4,545,000.

Loan Performance

Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
All loans 1.0%
Real Estate loans 0.0%
Construction & Land Development loans 0.0%
Nonfarm, nonresidential loans 0.0%
Multifamily residential loans 0.0%
1-4 family residential loans 1.0%
HELOC loans 1.0%
All other family 1.0%
Commercial & industrial loans 4.0%
Personal loans 0.0%
Credit card loans 0.0%
Other individual loans 0.0%
Auto loans 0.0%
Other consumer loans 0.0%
Unsecured commercial real estate loans 0.0%

Deposits

Type Value (in 000's)
Total deposits $1,449,071
Deposits held in domestic offices $1,449,071
Deposits by Individuals, partnerships, and corporations $1,201,621
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $246,208
Deposits by Commercial banks and other depository institutions in U.S. $1,242
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $278,465
Demand deposits $192,700
Nontransaction accounts $1,170,606
Money market deposit accounts (MMDAs) $919,559
Other savings deposits (excluding MMDAs) $45,038
Total time deposits $206,010
Total time and savings deposits $1,256,371
Noninterest-bearing deposits $277,186
Interest-bearing deposits $1,171,885
Retail deposits $1,269,785
IRAs and Keogh plan accounts $5,121
Brokered deposits $164,285
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $1,713,318
Cash & Balances due from depository institutions $23,302
Interest-bearing balances $18,087
Total securities $168,028
Federal funds sold & reverse repurchase $0
Net loans and leases $1,448,581
Loan and leases loss allowance $18,758
Trading account assets $0
Bank premises and fixed assets $11,806
Other real estate owned $0
Goodwill and other intangibles $15,034
All other assets $46,567

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $1,713,318
Total Liabilities $1,511,832
Total deposits $1,449,071
Interest-bearing deposits $1,171,885
Deposits held in domestic offices $1,449,071
% insured (estimated) $44
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $41,344
Subordinated debt $1,452
All other liabilities $19,965

Issued Loan Types

Type Value (in 000's)
Net loans and leases $1,448,581
Loan and leases loss allowance $18,758
Total loans and leases (domestic) $1,467,339
All real estate loans $953,497
Real estate loans in domestic offices $953,497
Construction and development loans $158,991
Residential 1-4 family construction $58,511
Other construction, all land development and other land $100,480
Loans secured by nonfarm nonresidential properties $397,875
Nonfarm nonresidential secured by owner-occupied properties $234,572
Commercial real estate & other non-farm, non-residential $163,303
Multifamily residential real estate $44,541
1-4 family residential loans $347,245
Farmland loans $4,845
Loans held in foreign offices $0
Farm loans $605
Commercial and industrial loans $414,527
To non-U.S. addressees $0
Loans to individuals $445
Credit card loans $0
Related Plans $99
Consumer Auto Loans $6
Other loans to individuals $340
All other loans & leases $102,387
Loans to foreign governments and official institutions $0
Other loans $9,300
Loans to depository institutions and acceptances of other banks $0
Loans not secured by real estate $0
Loans secured by real estate to non-U.S. addressees $0
Restructured Loans & leases $3,446
Non 1-4 family restructured loans & leases $2,742
Total loans and leases (foreign) $0

Meridian Bank Corporation had $1,448,581,000 of loans outstanding in 2021. $953,497,000 of loans were in real estate loans. $158,991,000 of loans were in development loans. $44,541,000 of loans were in multifamily mortgage loans. $347,245,000 of loans were in 1-4 family mortgage loans. $605,000 of loans were in farm loans. $0 of loans were in credit card loans. $6,000 of loans were in the auto loan category.

Small Business Loans

Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
Nonfarm, nonresidential loans - <$1MM 329 $101,960 $309,909
Nonfarm, nonresidential loans - <$100k 31 $1,219 $39,323
Nonfarm, nonresidential loans - $100-250k 62 $8,293 $133,758
Nonfarm, nonresidential loans - $250k-1MM 236 $92,448 $391,729
Commercial & Industrial, US addressed loans - <$1MM 1,112 $170,139 $153,003
Commercial & Industrial, US addressed loans - <$100k 432 $12,359 $28,609
Commercial & Industrial, US addressed loans - $100-250k 254 $25,181 $99,138
Commercial & Industrial, US addressed loans - $250k-1MM 426 $132,599 $311,265
Farmland loans - <$1MM 2 $530 $265,000
Farmland loans - $250k-1MM 2 $530 $265,000
Agriculture operations loans - <$1MM 2 $605 $302,500
Agriculture operations loans - $100-250k 1 $107 $107,000
Agriculture operations loans - $250k-1MM 1 $498 $498,000