Meridian Bank is an FDIC insured institution headquartered at
220 W. Lancaster Avenue, Wayne, PA 19087.
Deposit Rates - December 26, 2024
SAVINGS RATES
APY
MIN
Savings
0.50% $2,500
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CD RATES
APY
MIN
6 Mo CD
0.40% $10,000
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6 Mo CD
0.40% $100,000
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12 Mo CD
0.50% $10,000
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12 Mo CD
0.50% $100,000
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Special: 18 Mo CD
0.55% $1,000
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18 Mo CD
0.55% $10,000
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18 Mo CD
0.55% $100,000
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24 Mo CD
0.55% $10,000
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24 Mo CD
0.55% $100,000
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30 Mo CD
0.55% $10,000
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30 Mo CD
0.55% $100,000
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36 Mo CD
0.60% $10,000
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36 Mo CD
0.60% $100,000
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48 Mo CD
0.65% $10,000
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48 Mo CD
0.65% $100,000
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60 Mo CD
0.75% $10,000
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60 Mo CD
0.75% $100,000
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MM RATES
APY
MIN
Money Market
0.50% $2,500
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Money Market
0.50% $10,000
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Money Market
0.50% $25,000
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INT CHECKING RATES
APY
MIN
Int Ckg
0.25% $2,500
Loan Rates - December 26, 2024
Overview 2024
General Bank Information
FDIC Insured
Yes
FDIC Certificate
# 57777
Date Established
2004
Assets
$ 2.35 billion
Loans
$ 2.02 billion
Deposits
$ 1,918.05 million
Capital
$ 211.31 million
Summary Balance Sheet as of March 31, 2024
ASSETS
Cash & Balances due from depository institutions
$ 24.06 million
Interest-bearing balances
$ 8.91 million
Total securities
$ 196.32 million
Federal funds sold and reverse repurchase
N.A.
Net loans and leases
$ 2.02 billion
Loan loss allowance
$ 21.70 million
Trading account assets
N.A.
Bank premises and fixed assets
N.A.
Other real estate owned
$ 1.86 million
Goodwill and other intangibles
$ 11.80 million
All other assets
$ 61.43 million
Total Assets $ 2.14 billion
LIABILITIES
Total deposits
$ 1,918.05 million
Interest-bearing deposits
$ 1,691.40 million
Deposits held in domestic offices
$ 1,918.05 million
% insured (estimated) 69.89%
Federal funds purchased and repurchase agreements
$ 0.95 million
Trading liabilities
N.A.
Other borrowed funds
$ 59.14 million
Subordinated debt
$ 0.84 million
All other liabilities
$ 29.42 millionn
Total Liabilities $ 2.14 billion
Shareholders’ Equity $ 211.31 million
Summary Income Statement as of March 31, 2024
INCOME AND EXPENSES
Total Interest Income
$ 75.68 million
Total Interest Expense
$ 40.70 million
Net interest income
$ 34.98 million
Provision for loan and lease losses
$ 5.55 million
Total non interest income
$ 17.18 million
Total non interest expense
$ 36.72 million
Pre-tax Net Operating Income
$ 16.00 million
Customer Reviews for Meridian Bank
Branches
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