Meridian Bank is an FDIC insured institution headquartered at
220 W. Lancaster Avenue, Wayne, PA 19087.
It was founded in
2004 and has approximately $2 billion in
assets. Customers can open an account at one of its 7 branches.
Deposit Rates - March 29, 2024
SAVINGS RATES
APY
MIN
Savings
0.50%
$2,500
Compare
CD RATES
APY
MIN
6 Mo CD
0.40%
$10,000
Compare
6 Mo CD
0.40%
$100,000
Compare
12 Mo CD
0.50%
$10,000
Compare
12 Mo CD
0.50%
$100,000
Compare
Special: 18 Mo CD
0.55%
$1,000
Compare
18 Mo CD
0.55%
$10,000
Compare
18 Mo CD
0.55%
$100,000
Compare
24 Mo CD
0.55%
$10,000
Compare
24 Mo CD
0.55%
$100,000
Compare
30 Mo CD
0.55%
$10,000
Compare
30 Mo CD
0.55%
$100,000
Compare
36 Mo CD
0.60%
$10,000
Compare
36 Mo CD
0.60%
$100,000
Compare
48 Mo CD
0.65%
$10,000
Compare
48 Mo CD
0.65%
$100,000
Compare
60 Mo CD
0.75%
$10,000
Compare
60 Mo CD
0.75%
$100,000
Compare
MM RATES
APY
MIN
Money Market
0.50%
$2,500
Compare
Money Market
0.50%
$10,000
Compare
Money Market
0.50%
$25,000
Compare
INT CHECKING RATES
APY
MIN
Int Ckg
0.25%
$2,500
Loan Rates - March 29, 2024
Overview 2024
General Bank Information
FDIC Insured
Yes
FDIC Certificate
# 57777
Date Established
2004
Assets
$ 2.23 billion
Loans
$ 1,889.09 million
Deposits
$ 1,812.91 million
Capital
$ 202.00 million
Summary Balance Sheet as of June 30, 2023
ASSETS
Cash & Balances due from depository institutions
$ 59.76 million
Interest-bearing balances
$ 44.46 million
Total securities
$ 160.47 million
Federal funds sold and reverse repurchase
N.A.
Net loans and leases
$ 1,889.09 million
Loan loss allowance
$ 19.68 million
Trading account assets
N.A.
Bank premises and fixed assets
N.A.
Other real estate owned
$ 1.70 million
Goodwill and other intangibles
$ 12.85 million
All other assets
$ 61.43 million
Total Assets
$ 2.03 billion
LIABILITIES
Total deposits
$ 1,812.91 million
Interest-bearing deposits
$ 1,563.98 million
Deposits held in domestic offices
$ 1,812.91 million
% insured (estimated)
70.07%
Federal funds purchased and repurchase agreements
N.A.
Trading liabilities
N.A.
Other borrowed funds
$ 59.14 million
Subordinated debt
$ 1.12 million
All other liabilities
$ 29.42 millionn
Total Liabilities
$ 2.03 billion
Shareholders’ Equity
$ 202.00 million
Summary Income Statement as of June 30, 2023
INCOME AND EXPENSES
Total Interest Income
$ 100.24 million
Total Interest Expense
$ 46.52 million
Net interest income
$ 53.72 million
Provision for loan and lease losses
$ 2.19 million
Total non interest income
$ 23.97 million
Total non interest expense
$ 56.59 million
Pre-tax Net Operating Income
$ 16.00 million
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