Meridian Bank Corporation Mortgage Rates, Fees & Info

Malvern,

LEI: 635400IW1QMK3FNFF894

Tax ID: 32-0116054

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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    • Review & Overview

    Meridian Bank Corporation is a small bank specializing in Refi and Home Purchase 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 by origination volume include: Baltimore, Philadelphia, Washington, Salisbury, and New York among others. We have data for 270 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Meridian Bank Corporation has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Meridian Bank Corporation is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.65% 11/21/24
    30 Year Conventional Refi 6.47% 11/21/24
    30 Year Cash-out Refi 6.71% 11/21/24
    30 Year FHA Purchase 7.39% 11/21/24
    30 Year FHA Refi 7.14% 11/21/24
    30 Year VA Purchase 6.18% 11/21/24
    30 Year VA Refi 5.58% 11/21/24
    30 Year USDA Purchase 6.66% 11/21/24
    30 Year USDA Refi 6.21% 11/21/24
    15 Year Conventional Purchase 5.92% 11/21/24
    15 Year Conventional Refi 6.14% 11/21/24
    15 Year Cash-out Refi 6.14% 11/21/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Meridian Bank Corporation Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Meridian Bank Corporation. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    8,096

    Origination Dollar Volume (All Markets)

    $2,445,080,000

    Employee count

    381 Show all (39) awards

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 2,658 $797,040,000 $299,865 $4,680 2.88%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 2,469 $716,695,000 $290,277 $5,914 3.22%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 565 $223,245,000 $395,124 $5,293 2.84%
    SALISBURY, MD-DE (FHA|USDA|VA) 479 $111,495,000 $232,766 $6,458 3.13%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 92 $33,610,000 $365,326 $5,501 2.93%
    DOVER, DE (FHA|USDA|VA) 127 $28,885,000 $227,441 $7,270 3.20%
    LANCASTER, PA (FHA|USDA|VA) 116 $25,320,000 $218,276 $4,879 3.08%
    OCEAN CITY, NJ (FHA|USDA|VA) 62 $22,960,000 $370,323 $5,875 3.02%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 82 $20,640,000 $251,707 $4,677 3.25%
    YORK-HANOVER, PA (FHA|USDA|VA) 75 $16,195,000 $215,933 $5,112 2.80%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 68 $15,440,000 $227,059 $4,469 3.04%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 42 $15,400,000 $366,667 $6,073 2.69%
    Outside of Metro Areas 61 $14,415,000 $236,311 $4,753 2.94%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 32 $11,380,000 $355,625 $4,009 2.70%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 26 $10,600,000 $407,692 $5,642 2.72%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 24 $10,270,000 $427,917 $5,869 2.70%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 37 $10,205,000 $275,811 $6,412 3.00%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 23 $9,105,000 $395,870 $4,962 2.59%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 26 $8,990,000 $345,769 $6,607 2.77%
    READING, PA (FHA|USDA|VA) 38 $8,750,000 $230,263 $4,922 3.03%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 26 $8,610,000 $331,154 $4,794 2.65%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 21 $8,215,000 $391,190 $6,206 2.59%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 22 $7,560,000 $343,636 $5,873 2.74%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 21 $7,345,000 $349,762 $5,364 2.72%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 18 $7,260,000 $403,333 $6,517 2.59%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 23 $6,965,000 $302,826 $5,666 3.14%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 16 $6,670,000 $416,875 $6,298 2.80%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 15 $6,395,000 $426,333 $4,485 2.52%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 18 $6,320,000 $351,111 $5,193 2.83%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 17 $5,935,000 $349,118 $7,069 2.93%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 10 $5,910,000 $591,000 $5,509 2.61%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 16 $5,330,000 $333,125 $5,242 2.73%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 9 $5,285,000 $587,222 $6,948 2.76%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 15 $4,945,000 $329,667 $3,986 3.07%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 12 $4,480,000 $373,333 $6,168 2.60%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 12 $4,400,000 $366,667 $4,404 2.65%
    HUNTSVILLE, AL (FHA|USDA|VA) 10 $4,350,000 $435,000 $6,127 2.45%
    JACKSONVILLE, FL (FHA|USDA|VA) 13 $4,255,000 $327,308 $5,571 2.79%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 9 $4,175,000 $463,889 $5,428 2.68%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 12 $4,150,000 $345,833 $4,843 2.74%
    URBAN HONOLULU, HI (FHA|USDA|VA) 7 $3,925,000 $560,714 $5,744 2.52%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 11 $3,925,000 $356,818 $4,346 2.74%
    GETTYSBURG, PA (FHA|USDA|VA) 15 $3,635,000 $242,333 $4,965 2.82%
    BOISE CITY, ID (FHA|USDA|VA) 9 $3,605,000 $400,556 $6,763 2.78%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 14 $3,590,000 $256,429 $3,691 2.77%
    Easton, MD (FHA|USDA|VA) 9 $3,555,000 $395,000 $4,646 2.72%
    Pinehurst-Southern Pines, NC (FHA|USDA|VA) 10 $3,520,000 $352,000 $8,813 2.60%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 8 $3,410,000 $426,250 $4,891 2.69%
    RALEIGH-CARY, NC (FHA|USDA|VA) 12 $3,360,000 $280,000 $3,121 2.66%
    RICHMOND, VA (FHA|USDA|VA) 9 $3,235,000 $359,444 $4,333 2.60%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 6 $3,070,000 $511,667 $5,855 3.08%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 9 $3,045,000 $338,333 $4,418 2.64%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 6 $2,940,000 $490,000 $4,730 2.79%
    VALLEJO, CA (FHA|USDA|VA) 7 $2,875,000 $410,714 $4,225 2.77%
    SALT LAKE CITY, UT (FHA|USDA|VA) 7 $2,775,000 $396,429 $4,675 2.80%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 9 $2,705,000 $300,556 $4,140 2.99%
    PITTSBURGH, PA (FHA|USDA|VA) 10 $2,700,000 $270,000 $5,961 2.91%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 7 $2,625,000 $375,000 $5,496 2.70%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 6 $2,500,000 $416,667 $5,806 3.02%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 7 $2,415,000 $345,000 $6,817 2.71%
    BEND, OR (FHA|USDA|VA) 6 $2,290,000 $381,667 $6,598 2.71%
    COLUMBIA, SC (FHA|USDA|VA) 6 $2,270,000 $378,333 $4,728 2.77%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 9 $2,245,000 $249,444 $5,787 2.82%
    FAYETTEVILLE, NC (FHA|USDA|VA) 8 $2,230,000 $278,750 $5,035 2.86%
    RENO, NV (FHA|USDA|VA) 6 $2,160,000 $360,000 $5,599 2.44%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 6 $2,160,000 $360,000 $4,272 2.40%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 6 $2,110,000 $351,667 $9,491 2.94%
    Sayre, PA (FHA|USDA|VA) 14 $2,080,000 $148,571 $5,589 3.35%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 8 $2,060,000 $257,500 $3,951 2.69%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 6 $1,960,000 $326,667 $5,655 2.79%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 6 $1,940,000 $323,333 $4,567 2.88%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 3 $1,925,000 $641,667 $4,419 3.21%
    OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 6 $1,850,000 $308,333 $4,060 2.63%
    Kill Devil Hills, NC (FHA|USDA|VA) 5 $1,835,000 $367,000 $6,202 2.90%
    CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 7 $1,795,000 $256,429 $3,887 2.43%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 5 $1,755,000 $351,000 $4,633 2.78%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 7 $1,725,000 $246,429 $3,769 2.46%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 6 $1,710,000 $285,000 $4,995 2.71%
    ANCHORAGE, AK (FHA|USDA|VA) 4 $1,710,000 $427,500 $8,985 2.94%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 4 $1,690,000 $422,500 $5,441 2.63%
    DULUTH, MN-WI (FHA|USDA|VA) 5 $1,685,000 $337,000 $4,335 2.65%
    FRESNO, CA (FHA|USDA|VA) 5 $1,665,000 $333,000 $2,642 2.83%
    LEWISTON, ID-WA (FHA|USDA|VA) 5 $1,655,000 $331,000 $6,127 2.60%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 7 $1,655,000 $236,429 $5,902 2.68%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 6 $1,620,000 $270,000 $3,687 2.77%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 5 $1,595,000 $319,000 $5,126 2.70%
    LEBANON, PA (FHA|USDA|VA) 6 $1,570,000 $261,667 $7,852 2.75%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 5 $1,545,000 $309,000 $3,677 2.85%
    SALEM, OR (FHA|USDA|VA) 4 $1,500,000 $375,000 $6,219 2.78%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 6 $1,410,000 $235,000 $4,222 2.96%
    COLUMBUS, OH (FHA|USDA|VA) 4 $1,360,000 $340,000 $4,461 2.50%
    WILLIAMSPORT, PA (FHA|USDA|VA) 7 $1,355,000 $193,571 $6,234 3.25%
    MEDFORD, OR (FHA|USDA|VA) 4 $1,350,000 $337,500 $6,889 2.72%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 3 $1,325,000 $441,667 $3,235 2.42%
    LOUISVILLE, KY (FHA|USDA|VA) 4 $1,300,000 $325,000 $9,261 2.97%
    BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 4 $1,280,000 $320,000 $4,664 2.84%
    ALBUQUERQUE, NM (FHA|USDA|VA) 4 $1,230,000 $307,500 $3,956 2.69%
    Kalispell, MT (FHA|USDA|VA) 4 $1,230,000 $307,500 $4,577 2.97%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $1,205,000 $1,205,000 $13,993 2.25%
    BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 9 $1,205,000 $133,889 $4,694 3.21%
    TUCSON, AZ (FHA|USDA|VA) 3 $1,195,000 $398,333 $4,124 3.08%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 4 $1,180,000 $295,000 $3,943 2.88%
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 3 $1,175,000 $391,667 $7,886 3.00%
    TALLAHASSEE, FL (FHA|USDA|VA) 2 $1,150,000 $575,000 $13,873 2.81%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 7 $1,145,000 $163,571 $4,897 3.02%
    ASHEVILLE, NC (FHA|USDA|VA) 4 $1,120,000 $280,000 $5,176 2.84%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 3 $1,105,000 $368,333 $1,953 2.71%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 5 $1,065,000 $213,000 $3,149 2.78%
    Oak Harbor, WA (FHA|USDA|VA) 2 $1,060,000 $530,000 $9,996 2.38%
    MORGANTOWN, WV (FHA|USDA|VA) 4 $1,030,000 $257,500 $3,930 2.75%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 3 $1,025,000 $341,667 $3,739 2.42%
    ROCHESTER, NY (FHA|USDA|VA) 3 $1,015,000 $338,333 $6,749 2.42%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 2 $1,000,000 $500,000 $5,458 2.69%
    VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 5 $995,000 $199,000 $3,266 2.90%
    COLUMBUS, GA-AL (FHA|USDA|VA) 3 $975,000 $325,000 $2,949 2.63%
    CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 5 $975,000 $195,000 $4,093 3.04%
    SAVANNAH, GA (FHA|USDA|VA) 3 $965,000 $321,667 $5,104 3.00%
    Outside of Metro Areas 3 $955,000 $318,333 $4,596 2.25%
    Elko, NV (FHA|USDA|VA) 3 $945,000 $315,000 $4,017 3.08%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 3 $945,000 $315,000 $5,727 3.00%
    SPRINGFIELD, MO (FHA|USDA|VA) 2 $940,000 $470,000 $3,457 2.75%
    TULSA, OK (FHA|USDA|VA) 3 $935,000 $311,667 $6,983 2.92%
    Port Angeles, WA (FHA|USDA|VA) 2 $930,000 $465,000 $3,715 2.25%
    BINGHAMTON, NY (FHA|USDA|VA) 6 $930,000 $155,000 $5,593 3.15%
    Morehead City, NC (FHA|USDA|VA) 2 $900,000 $450,000 $4,362 2.81%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 2 $900,000 $450,000 $4,308 2.56%
    Bozeman, MT (FHA|USDA|VA) 1 $855,000 $855,000 $18,588 2.25%
    WORCESTER, MA-CT (FHA|USDA|VA) 2 $850,000 $425,000 $8,232 2.75%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 2 $850,000 $425,000 $3,917 2.69%
    FORT COLLINS, CO (FHA|USDA|VA) 2 $820,000 $410,000 $7,891 2.63%
    MONTGOMERY, AL (FHA|USDA|VA) 3 $815,000 $271,667 $3,693 2.75%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 2 $800,000 $400,000 $5,189 2.56%
    WILMINGTON, NC (FHA|USDA|VA) 2 $780,000 $390,000 $5,016 2.25%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 3 $775,000 $258,333 $4,368 2.50%
    Gardnerville Ranchos, NV (FHA|USDA|VA) 2 $770,000 $385,000 $5,798 2.56%
    MISSOULA, MT (FHA|USDA|VA) 2 $750,000 $375,000 $4,147 2.50%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $730,000 $365,000 $7,010 2.56%
    Lebanon, NH-VT (FHA|USDA|VA) 2 $710,000 $355,000 $4,257 2.56%
    Indiana, PA (FHA|USDA|VA) 7 $705,000 $100,714 $4,684 2.80%
    Shelton, WA (FHA|USDA|VA) 2 $690,000 $345,000 $2,777 2.25%
    Torrington, CT (FHA|USDA|VA) 2 $680,000 $340,000 $7,255 2.56%
    Heber, UT (FHA|USDA|VA) 1 $665,000 $665,000 $5,848 2.75%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 2 $650,000 $325,000 $4,089 2.75%
    LAS CRUCES, NM (FHA|USDA|VA) 2 $650,000 $325,000 $3,109 2.75%
    BOULDER, CO (FHA|USDA|VA) 2 $640,000 $320,000 $2,954 3.25%
    BOWLING GREEN, KY (FHA|USDA|VA) 2 $630,000 $315,000 $8,697 2.94%
    WALLA WALLA, WA (FHA|USDA|VA) 2 $630,000 $315,000 $6,794 2.94%
    FLORENCE, SC (FHA|USDA|VA) 2 $620,000 $310,000 $3,304 2.94%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 2 $620,000 $310,000 $4,099 2.56%
    Kapaa, HI (FHA|USDA|VA) 1 $605,000 $605,000 $6,958 2.75%
    Keene, NH (FHA|USDA|VA) 2 $590,000 $295,000 $3,102 2.69%
    Fernley, NV (FHA|USDA|VA) 2 $570,000 $285,000 $4,283 2.81%
    CASPER, WY (FHA|USDA|VA) 2 $570,000 $285,000 $6,072 2.94%
    LAWTON, OK (FHA|USDA|VA) 2 $570,000 $285,000 $4,454 2.63%
    Clarksburg, WV (FHA|USDA|VA) 1 $565,000 $565,000 $10,342 2.25%
    Show Low, AZ (FHA|USDA|VA) 1 $565,000 $565,000 $14,316 2.25%
    Pottsville, PA (FHA|USDA|VA) 4 $560,000 $140,000 $5,950 2.96%
    Cambridge, MD (FHA|USDA|VA) 2 $550,000 $275,000 $7,688 2.94%
    WINSTON-SALEM, NC (FHA|USDA|VA) 2 $540,000 $270,000 $3,660 2.94%
    PROVO-OREM, UT (FHA|USDA|VA) 1 $525,000 $525,000 $15,878 2.75%
    Pahrump, NV (FHA|USDA|VA) 2 $520,000 $260,000 $4,746 2.81%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $515,000 $515,000 $5,557 2.75%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 2 $510,000 $255,000 $4,978 2.69%
    FLAGSTAFF, AZ (FHA|USDA|VA) 1 $495,000 $495,000 $5,101 2.25%
    AKRON, OH (FHA|USDA|VA) 2 $490,000 $245,000 $3,849 2.69%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 2 $480,000 $240,000 $2,885 2.44%
    ST. CLOUD, MN (FHA|USDA|VA) 2 $480,000 $240,000 $3,661 2.81%
    FARGO, ND-MN (FHA|USDA|VA) 1 $465,000 $465,000 $2,982 2.88%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 2 $460,000 $230,000 $5,376 3.13%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 1 $435,000 $435,000 $4,620 2.25%
    JEFFERSON CITY, MO (FHA|USDA|VA) 1 $425,000 $425,000 $4,390 2.25%
    FAIRBANKS, AK (FHA|USDA|VA) 1 $425,000 $425,000 $5,657 2.25%
    GRAND FORKS, ND-MN (FHA|USDA|VA) 1 $425,000 $425,000 $5,913 2.75%
    BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) 1 $425,000 $425,000 $8,632 3.25%
    Campbellsville, KY (FHA|USDA|VA) 1 $425,000 $425,000 $2,693 2.75%
    KOKOMO, IN (FHA|USDA|VA) 1 $415,000 $415,000 $2,192 2.25%
    Arcadia, FL (FHA|USDA|VA) 1 $405,000 $405,000 $12,035 2.75%
    ELKHART-GOSHEN, IN (FHA|USDA|VA) 1 $405,000 $405,000 $3,387 2.25%
    SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 1 $405,000 $405,000 $3,285 2.88%
    Española, NM (FHA|USDA|VA) 1 $405,000 $405,000 $12,729 3.25%
    YUBA CITY, CA (FHA|USDA|VA) 1 $405,000 $405,000 $4,616 2.25%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $405,000 $405,000 $2,605 2.25%
    Searcy, AR (FHA|USDA|VA) 1 $395,000 $395,000 $5,503 3.00%
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 1 $395,000 $395,000 $2,020 3.25%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $395,000 $395,000 $2,873 2.25%
    Cornelia, GA (FHA|USDA|VA) 1 $395,000 $395,000 $2,843 2.25%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $395,000 $395,000 $4,617 3.00%
    GREAT FALLS, MT (FHA|USDA|VA) 1 $395,000 $395,000 $5,149 2.25%
    Newport, OR (FHA|USDA|VA) 1 $385,000 $385,000 $5,115 2.50%
    Natchitoches, LA (FHA|USDA|VA) 1 $385,000 $385,000 $12,718 2.75%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $385,000 $385,000 $2,159 2.25%
    HINESVILLE, GA (FHA|USDA|VA) 1 $375,000 $375,000 $3,754 3.13%
    Key West, FL (FHA|USDA|VA) 1 $375,000 $375,000 $4,803 2.50%
    ST. GEORGE, UT (FHA|USDA|VA) 1 $375,000 $375,000 $5,142 2.25%
    LAKE CHARLES, LA (FHA|USDA|VA) 1 $375,000 $375,000 $5,199 2.88%
    VISALIA, CA (FHA|USDA|VA) 1 $375,000 $375,000 $3,166 2.25%
    STOCKTON, CA (FHA|USDA|VA) 1 $375,000 $375,000 $4,468 2.25%
    GREELEY, CO (FHA|USDA|VA) 1 $365,000 $365,000 $6,169 2.25%
    IDAHO FALLS, ID (FHA|USDA|VA) 1 $365,000 $365,000 $3,777 2.25%
    DECATUR, IL (FHA|USDA|VA) 1 $365,000 $365,000 $4,445 2.25%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 1 $365,000 $365,000 $6,756 2.75%
    ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $365,000 $365,000 $3,747 2.88%
    Garden City, KS (FHA|USDA|VA) 1 $355,000 $355,000 $2,561 2.38%
    APPLETON, WI (FHA|USDA|VA) 1 $355,000 $355,000 $3,994 2.25%
    WINCHESTER, VA-WV (FHA|USDA|VA) 1 $355,000 $355,000 $2,642 2.75%
    SIOUX FALLS, SD (FHA|USDA|VA) 1 $355,000 $355,000 $2,948 2.25%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $350,000 $175,000 $3,020 2.75%
    GREENVILLE, NC (FHA|USDA|VA) 1 $345,000 $345,000 $2,609 2.25%
    Defiance, OH (FHA|USDA|VA) 1 $345,000 $345,000 $2,723 2.25%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $345,000 $345,000 $4,286 2.50%
    LOGAN, UT-ID (FHA|USDA|VA) 1 $335,000 $335,000 $5,105 2.25%
    Celina, OH (FHA|USDA|VA) 1 $335,000 $335,000 $6,661 2.88%
    BAKERSFIELD, CA (FHA|USDA|VA) 1 $335,000 $335,000 $2,862 2.25%
    Russellville, AR (FHA|USDA|VA) 1 $335,000 $335,000 $4,076 2.75%
    Klamath Falls, OR (FHA|USDA|VA) 1 $335,000 $335,000 $7,097 2.75%
    SPRINGFIELD, MA (FHA|USDA|VA) 1 $335,000 $335,000 $4,174 3.25%
    MOBILE, AL (FHA|USDA|VA) 1 $325,000 $325,000 $4,931 2.50%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $325,000 $325,000 $4,295 2.25%
    LAFAYETTE, LA (FHA|USDA|VA) 1 $315,000 $315,000 $11,104 2.75%
    Clearlake, CA (FHA|USDA|VA) 1 $315,000 $315,000 $4,369 2.25%
    MADERA, CA (FHA|USDA|VA) 1 $315,000 $315,000 $3,856 2.25%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 1 $305,000 $305,000 $2,418 3.00%
    BISMARCK, ND (FHA|USDA|VA) 1 $305,000 $305,000 $3,364 3.00%
    KANKAKEE, IL (FHA|USDA|VA) 1 $305,000 $305,000 $3,124 2.25%
    Ardmore, OK (FHA|USDA|VA) 1 $305,000 $305,000 $9,415 2.50%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $305,000 $305,000 $3,510 3.13%
    AMARILLO, TX (FHA|USDA|VA) 1 $305,000 $305,000 $7,111 2.75%
    Seymour, IN (FHA|USDA|VA) 1 $295,000 $295,000 $4,990 3.13%
    BILLINGS, MT (FHA|USDA|VA) 1 $295,000 $295,000 $2,343 3.25%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 1 $295,000 $295,000 $8,046 2.75%
    Fairmont, WV (FHA|USDA|VA) 1 $295,000 $295,000 $9,946 2.88%
    HANFORD-CORCORAN, CA (FHA|USDA|VA) 1 $285,000 $285,000 $11,129 2.88%
    KNOXVILLE, TN (FHA|USDA|VA) 1 $275,000 $275,000 $4,580 2.75%
    Brookings, OR (FHA|USDA|VA) 1 $275,000 $275,000 $4,485 3.75%
    Concord, NH (FHA|USDA|VA) 1 $275,000 $275,000 $8,072 2.75%
    PUEBLO, CO (FHA|USDA|VA) 1 $275,000 $275,000 $2,246 3.13%
    Dickinson, ND (FHA|USDA|VA) 1 $275,000 $275,000 $3,652 2.88%
    Sunbury, PA (FHA|USDA|VA) 1 $275,000 $275,000 $10,089 3.25%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $275,000 $275,000 $3,760 2.50%
    WARNER ROBINS, GA (FHA|USDA|VA) 1 $265,000 $265,000 $7,992 2.88%
    RAPID CITY, SD (FHA|USDA|VA) 1 $265,000 $265,000 $5,521 3.00%
    Whitewater, WI (FHA|USDA|VA) 1 $255,000 $255,000 $2,394 3.13%
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $255,000 $255,000 $3,745 3.13%
    HARRISONBURG, VA (FHA|USDA|VA) 1 $245,000 $245,000 $2,763 2.25%
    Elkins, WV (FHA|USDA|VA) 1 $245,000 $245,000 $3,537 2.50%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) 1 $245,000 $245,000 $2,414 2.63%
    JOHNSON CITY, TN (FHA|USDA|VA) 1 $245,000 $245,000 $3,481 3.38%
    STAUNTON, VA (FHA|USDA|VA) 1 $235,000 $235,000 $2,535 2.75%
    Cortland, NY (FHA|USDA|VA) 1 $235,000 $235,000 $4,354 3.38%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 1 $225,000 $225,000 $4,406 3.00%
    ELMIRA, NY (FHA|USDA|VA) 1 $225,000 $225,000 $8,781 3.75%
    JACKSONVILLE, NC (FHA|USDA|VA) 1 $205,000 $205,000 $2,461 2.25%
    BATON ROUGE, LA (FHA|USDA|VA) 1 $205,000 $205,000 $3,647 3.13%
    FORT SMITH, AR-OK (FHA|USDA|VA) 1 $185,000 $185,000 $2,303 3.25%
    SYRACUSE, NY (FHA|USDA|VA) 1 $185,000 $185,000 $7,295 4.25%
    NEW BERN, NC (FHA|USDA|VA) 1 $185,000 $185,000 $2,982 2.63%
    Wooster, OH (FHA|USDA|VA) 1 $185,000 $185,000 $2,218 2.50%
    SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $175,000 $175,000 $6,516 2.88%
    LYNCHBURG, VA (FHA|USDA|VA) 1 $175,000 $175,000 $6,010 3.38%
    BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $155,000 $155,000 $5,950 3.75%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $155,000 $155,000 $3,520 2.75%
    ROANOKE, VA (FHA|USDA|VA) 1 $155,000 $155,000 $5,529 2.75%
    WICHITA, KS (FHA|USDA|VA) 1 $145,000 $145,000 $2,386 2.25%
    OCALA, FL (FHA|USDA|VA) 1 $145,000 $145,000 $8,159 3.25%
    SPRINGFIELD, OH (FHA|USDA|VA) 1 $115,000 $115,000 $3,822 2.75%
    Oil City, PA (FHA|USDA|VA) 1 $105,000 $105,000 $5,038 2.45%
    Barre, VT (FHA|USDA|VA) 1 $105,000 $105,000 $4,565 3.00%
    Olean, NY (FHA|USDA|VA) 1 $85,000 $85,000 $3,566 3.00%
    Bradford, PA (FHA|USDA|VA) 1 $75,000 $75,000 $4,044 2.63%
    SUMTER, SC (FHA|USDA|VA) 1 $55,000 $55,000 $4,295 4.13%
    Meridian Bank Corporation's top markets include Baltimore, Philadelphia, Washington, Salisbury, and New York among others.

    Their top states include:
  • Maryland (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Delaware (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 5,334 $1,641,110,000 $307,670 $4,361 3.03%
    FHA 1,276 $294,510,000 $230,807 $8,370 3.11%
    VA 1,235 $459,795,000 $372,304 $6,172 2.66%
    USDA 251 $49,665,000 $197,869 $6,773 3.12%

    For 2020, Meridian Bank Corporation's most frequently originated type of loan was Conventional, with 5,334 originations. Their 2nd most popular type was FHA, with 1,276 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 3,845 $1,247,065,000 $324,334 $4,510 2.86%
    Home Purchase 3,621 $1,012,295,000 $279,562 $6,391 3.12%
    Cash Out Refi 608 $179,670,000 $295,510 $4,735 3.02%
    Home Improvement 19 $4,665,000 $245,526 $4,017 4.77%
    Other 3 $1,385,000 $461,667 $3,574 3.54%

    For 2020, Meridian Bank Corporation's most frequently cited loan purpose was Refi, with 3,845 originations. The 2nd most popular reason was Home Purchase, with 3,621 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 6,826 $2,036,730,000 $298,378 $5,601 2.99%
    15 Year 635 $165,575,000 $260,748 $3,826 2.62%
    20 Year 343 $97,275,000 $283,601 $4,042 2.96%
    Other 131 $55,165,000 $421,107 $4,394 3.13%
    10 Year 121 $67,455,000 $557,479 $2,784 4.08%
    1 Year 29 $11,125,000 $383,621 $0 5.20%
    5 Year 7 $10,235,000 $1,462,143 $0 4.84%
    30+ year 2 $1,210,000 $605,000 $4,361 3.75%
    3 Year 2 $310,000 $155,000 $4,573 5.25%

    For 2020, Meridian Bank Corporation's most frequently cited loan duration was 30 Year, with 6,826 originations. The 2nd most popular length was 15 Year, with 635 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 5,640 $1,655,320,000 $293,496
    $<1k 638 $165,190,000 $258,918
    $2k-3k 604 $158,430,000 $262,301
    $5k+ 527 $207,585,000 $393,899
    $3k-4k 314 $83,770,000 $266,783
    $4k-5k 231 $69,975,000 $302,922

    Meridian Bank Corporation's average total fees were $5,601, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 5,640 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 3,509 $1,054,135,000 $300,409
    3-4% 2,584 $691,780,000 $267,717
    <2.5% 1,656 $550,720,000 $332,560
    4-5% 300 $132,070,000 $440,233
    5-6% 46 $16,110,000 $350,217
    6-7% 1 $265,000 $265,000

    During 2020, Meridian Bank Corporation's average interest rate for loans was 2.99%, while their most frequently originated rate bucket for loans was 2.5-3%, with 3,509 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 4,330 $1,245,730,000 $287,697 $5,396 2.95%
    $100k-200k 1,957 $312,775,000 $159,824 $4,614 3.14%
    $400k-600k 1,418 $664,030,000 $468,286 $6,212 2.83%
    $100,000 or less 184 $14,620,000 $79,457 $3,442 3.41%
    $600k-1MM 170 $122,530,000 $720,765 $7,931 3.10%
    $1MM+ 37 $85,395,000 $2,307,973 $8,181 3.95%

    2020 saw Meridian Bank Corporation place emphasis on $200k-400k loans with 4,330 originations, totaling $1,245,730,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,617 $503,545,000 $311,407 $5,183 2.96%
    $50k-75k 1,573 $344,695,000 $219,132 $5,522 3.09%
    $150k-250k 1,156 $425,830,000 $368,365 $5,150 2.90%
    $75k-100k 1,144 $297,010,000 $259,624 $5,422 3.03%
    $50k or less 913 $153,585,000 $168,220 $5,641 3.12%
    $250k+ 488 $221,850,000 $454,611 $4,965 2.99%

    Meridian Bank Corporation lent most frequently to those with incomes in the $100k-150k range, with 1,617 originations. The second most popular income band? $50k-75k, with 1,573 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,712 $503,310,000 $293,989 $4,790 2.94%
    30-36% 1,338 $382,140,000 $285,605 $5,210 3.01%
    <20% 668 $204,480,000 $306,108 $4,158 2.84%
    44% 298 $79,140,000 $265,570 $5,880 3.09%
    43% 270 $71,560,000 $265,037 $5,738 3.08%
    38% 262 $69,420,000 $264,962 $5,287 3.11%
    40% 257 $70,315,000 $273,599 $5,612 3.06%
    42% 256 $70,490,000 $275,352 $5,732 3.09%
    39% 240 $68,740,000 $286,417 $5,521 3.10%
    37% 239 $64,645,000 $270,481 $5,905 3.09%
    36% 234 $63,330,000 $270,641 $5,520 2.98%
    41% 228 $61,170,000 $268,289 $5,650 3.09%
    45% 171 $48,765,000 $285,175 $6,284 3.04%
    50-60% 169 $38,865,000 $229,970 $8,100 3.27%
    48% 156 $42,360,000 $271,538 $5,890 3.10%
    47% 141 $36,375,000 $257,979 $6,277 2.96%
    49% 138 $38,520,000 $279,130 $6,631 3.06%
    46% 124 $34,860,000 $281,129 $6,371 3.04%
    >60% 4 $1,590,000 $397,500 $5,773 3.78%

    Meridian Bank Corporation lent most frequently to those with DTI ratios of 20-30%, with 1,712 originations. The next most common DTI ratio? 30-36%, with 1,338 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 5,967 $1,773,915,000 $297,288 $5,141 2.95%
    Black 1,176 $305,240,000 $259,558 $6,520 3.08%
    Not provided 540 $173,250,000 $320,833 $5,508 2.89%
    Asian 277 $92,845,000 $335,181 $4,812 2.90%
    Not applicable 111 $92,835,000 $836,351 $0 4.87%
    American Indian 14 $3,300,000 $235,714 $6,975 2.95%
    Native Hawaiian or Islander 7 $2,285,000 $326,429 $5,970 2.71%
    Asian Indian 2 $840,000 $420,000 $3,676 2.81%
    Korean 1 $335,000 $335,000 $2,986 2.25%
    Chinese 1 $235,000 $235,000 $3,389 2.13%

    Approval Rates

    Total approvals of all applications
    97.81%

    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
    82.86%

    Meridian Bank Corporation has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 8,096 $2,445,080,000 $302,011

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 36 $68,530,000 $1,903,611
    Single Family (1-4 Units):Manufactured 19 $2,995,000 $157,632
    Single Family (1-4 Units):Site-Built 8,041 $2,373,555,000 $295,182

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 142 $31,900,000 $224,648 $3,452 2.82%
    40-60% 759 $233,785,000 $308,017 $3,819 2.88%
    60-80% 2,517 $818,175,000 $325,060 $4,199 3.02%
    80-100% 4,369 $1,251,665,000 $286,488 $6,113 3.01%
    Over 100% 287 $105,755,000 $368,484 $8,784 2.80%
    Under 20% 20 $2,820,000 $141,000 $1,851 4.07%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Meridian Bank 100 East State Street Media, PA 19063 Full Service B&M $57,540
    Meridian Bank 16 W. Market Street West Chester, PA 19382 Full Service B&M $324,773
    Meridian Bank 1719a South Easton Road Doylestown, PA 18901 Full Service B&M $119,549
    Meridian Bank 1760 Market Street Philadelphia, PA 19103 Full Service B&M $28,319
    Meridian Bank 1776 E. Lancaster Avenue Paoli, PA 19301 Full Service B&M $549,724
    Meridian Bank 653 Skippack Pike, Suite 116 Blue Bell, PA 19422 Full Service B&M $86,793

    For 2020, Meridian Bank Corporation had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $62,656
    Net interest income $51,199
    Total noninterest income $85,542
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $107
    Trading account gains and fees $0
    Additional Noninterest Income $85,435
    Pre-tax net operating income $35,353
    Securities gains (or losses, -) $1,376
    Income before extraordinary items $28,631
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $28,631
    Minority interest net income $0
    Net income $28,631
    Sale, conversion, retirement of capital stock, net $969
    Net operating income $27,543

    Meridian Bank Corporation's gross interest income from loans was $62,656,000.
    Meridian Bank Corporation's net interest income from loans was $51,199,000.
    Meridian Bank Corporation's fee based income from loans was $107,000.
    Meridian Bank Corporation's net income from loans was $28,631,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $11,457
    Provision for credit losses $8,302
    Total noninterest expense $93,086
    Salaries and employee benefits $72,147
    Premises and equipment expense $4,292
    Additional noninterest expense $16,647
    Applicable income taxes $8,098
    Net charge-offs $49
    Cash dividends $11,510

    Meridian Bank Corporation's interest expense for loans was $11,457,000.
    Meridian Bank Corporation's payroll and benefits expense were $72,147,000.
    Meridian Bank Corporation's property, plant and equipment expenses $4,292,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    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 0.0%
    HELOC loans 1.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    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 $1,241,548
    Deposits held in domestic offices $1,241,548
    Deposits by Individuals, partnerships, and corporations $1,171,358
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $68,948
    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 $180,780
    Demand deposits $117,967
    Nontransaction accounts $1,060,768
    Money market deposit accounts (MMDAs) $794,414
    Other savings deposits (excluding MMDAs) $8,056
    Total time deposits $258,296
    Total time and savings deposits $1,123,581
    Noninterest-bearing deposits $204,056
    Interest-bearing deposits $1,037,492
    Retail deposits $1,009,905
    IRAs and Keogh plan accounts $5,355
    Brokered deposits $203,243
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,720,166
    Cash & Balances due from depository institutions $34,190
    Interest-bearing balances $24,717
    Total securities $131,103
    Federal funds sold & reverse repurchase $2,554
    Net loans and leases $1,496,196
    Loan and leases loss allowance $17,767
    Trading account assets $0
    Bank premises and fixed assets $7,777
    Other real estate owned $0
    Goodwill and other intangibles $9,146
    All other assets $39,200

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,720,166
    Total Liabilities $1,539,878
    Total deposits $1,241,548
    Interest-bearing deposits $1,037,492
    Deposits held in domestic offices $1,241,548
    % insured (estimated) $47
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $272,408
    Subordinated debt $1,767
    All other liabilities $24,155

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,496,196
    Loan and leases loss allowance $17,767
    Total loans and leases (domestic) $1,513,963
    All real estate loans $1,021,635
    Real estate loans in domestic offices $1,021,635
    Construction and development loans $139,498
    Residential 1-4 family construction $62,815
    Other construction, all land development and other land $76,683
    Loans secured by nonfarm nonresidential properties $338,431
    Nonfarm nonresidential secured by owner-occupied properties $195,291
    Commercial real estate & other non-farm, non-residential $143,140
    Multifamily residential real estate $47,372
    1-4 family residential loans $491,116
    Farmland loans $5,218
    Loans held in foreign offices $0
    Farm loans $638
    Commercial and industrial loans $457,342
    To non-U.S. addressees $0
    Loans to individuals $969
    Credit card loans $0
    Related Plans $124
    Consumer Auto Loans $8
    Other loans to individuals $837
    All other loans & leases $38,370
    Loans to foreign governments and official institutions $0
    Other loans $7,330
    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 $3,362
    Non 1-4 family restructured loans & leases $2,622
    Total loans and leases (foreign) $0

    Meridian Bank Corporation had $1,496,196,000 of loans outstanding in 2020. $1,021,635,000 of loans were in real estate loans. $139,498,000 of loans were in development loans. $47,372,000 of loans were in multifamily mortgage loans. $491,116,000 of loans were in 1-4 family mortgage loans. $638,000 of loans were in farm loans. $0 of loans were in credit card loans. $8,000 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 305 $99,432 $326,007
    Nonfarm, nonresidential loans - <$100k 37 $1,428 $38,595
    Nonfarm, nonresidential loans - $100-250k 59 $7,277 $123,339
    Nonfarm, nonresidential loans - $250k-1MM 209 $90,727 $434,100
    Commercial & Industrial, US addressed loans - <$1MM 1,364 $188,087 $137,894
    Commercial & Industrial, US addressed loans - <$100k 649 $21,180 $32,635
    Commercial & Industrial, US addressed loans - $100-250k 325 $36,835 $113,338
    Commercial & Industrial, US addressed loans - $250k-1MM 390 $130,072 $333,518
    Farmland loans - <$1MM 2 $581 $290,500
    Farmland loans - $250k-1MM 2 $581 $290,500
    Agriculture operations loans - <$1MM 2 $638 $319,000
    Agriculture operations loans - $100-250k 1 $138 $138,000
    Agriculture operations loans - $250k-1MM 1 $500 $500,000