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 - November 14, 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 - November 14, 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
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