Meridian Bank in Paoli, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Meridian Bank - Overview

  • General
  • FDIC Certificate #: 57777
    Status: Active
    Federal Reserve ID: 3271799
    Date Established: July 08, 2004
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 424306
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: July 08, 2004
    Last Structure Change Effective Date: June 25, 2007
    Last Structure Change Process Date: November 05, 2007
    Last Data Update: November 05, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 1776 E. Lancaster Avenue, Paoli, PA 19301
    County: Chester
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Philadelphia
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Philadelphia, PA-NJ (#6160)
    Consolidated Metropolitan Statistical Area (CMSA): Philadelphia-Wilmington-Atlantic City, PA-NJ-DE-MD (#77)
    Combined Statistical Area (CSA): Philadelphia-Camden-Vineland, PA-NJ-DE-MD (#428)
    Core Based Statistical Area (CBSA): Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (#37980)
    CBSA Metro Statistical Area: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (#37980)
    Core Based Statistical Division: Philadelphia, PA (#37964)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $401.7 mil
    Equity capital: $34.0 mil
    Deposits held in domestic offices: $343.8 mil
    Return on assets (ROA): 0.77% ($3.1 mil)
    Quarterly return on assets: 1.08% ($4.3 mil)
    Return on Equity (ROE): 8.87% ($3.0 mil)
    Quarterly return on equity: 12.50% ($4.3 mil)
    Net income: $2.9 mil
    Quarterly Net income: $1.1 mil
    Pretax return on assets: 1.16% ($4,660.2 mil)
    Quarterly Pretax return on assets: 1.61% ($6,468.0 mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 111Total employees (full-time equivalent)
  • $401,738Total assets
  • $21,070Cash and due from depository institutions
  • $875Interest-bearing balances
  • $21,003Securities
  • $530Federal funds sold & reverse repurchase agreements
  • $344,571Net loans & leases
  • $4,480Loan loss allowance
  • $0Trading account assets
  • $587Bank premises and fixed assets
  • $2,715Other real estate owned
  • $0Goodwill and other intangibles
  • $401,738Life insurance assets
  • $11,262All other assets
  • $367,696Total liabilities and capital
  • $343,837Total liabilities
  • $299,547Total deposits
  • $343,837Interest-bearing deposits
  • $81Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $19,918Trading liabilities
  • $1,975Other borrowed funds
  • $1,966Subordinated debt
  • $34,042All other liabilities
  • $34,042Total equity capital
  • $34,042Total bank equity capital
  • $12,713Perpetual preferred stock
  • $2,041Common stock
  • $18,164Surplus
  • $1,124Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $21,626Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,275Income earned, not collected on loans
  • $0Earning assets
  • $1,240Long-term assets (5+ years)
  • $366,979Average Assets, year-to-date
  • $89,963Average Assets, quarterly
  • $377,939Volatile liabilities
  • $390,113Insider loans
  • $373,340FHLB advances
  • $391,523Loans and leases held for sale
  • $4,337Unused loan commitments
  • $4,337Tier 1 (core) risk-based capital
  • $33,906Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $81,463Restructured Loans and leases
  • $5,282Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $18,964Total interest income
  • $4,177Total interest expense
  • $14,787Net interest income
  • $996Provision for loan and lease losses
  • $6,050Total noninterest income
  • $0Fiduciary activities
  • $62Service charges on deposit accounts
  • $0Trading account gains & fees
  • $5,988Additional noninterest income
  • $15,467Total noninterest expense
  • $9,319Salaries and employee benefits
  • $856Premises and equipment expense
  • $5,292Additional noninterest expense
  • $4,374Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,482Applicable income taxes
  • $2,892Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,892Net income attributable to bank
  • $0Net charge-offs
  • $2,892Cash dividends
  • $322Sale, conversion, retirement of capital stock, net
  • $717Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.25%Yield on earning assets
  • 1.16%Cost of funding earning assets
  • 4.10%Net interest margin
  • 1.68%Noninterest income to earning assets
  • 4.28%Noninterest expense to earning assets
  • 0.77%Net operating income to assets
  • 0.77%Return on assets (ROA)
  • 1.16%Pretax return on assets
  • 8.87%Return on equity (ROE)
  • 6.67%Retained earnings to average equity (YTD only)
  • 0.10%Net charge-offs to loans
  • 309.32%Credit loss provision to net charge-offs
  • 16.68%Efficiency ratio
  • 74,229Assets per employee
  • 3.62%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 24.79%Loss allowance to loans
  • 1.28%Loss allowance to noncurrent loans
  • 84.93%Noncurrent assets plus other real estate owned to assets
  • 1.99%Noncurrent loans to loans
  • 1.51%Net loans and leases to deposits
  • 100.21%Net loans and leases to core deposits
  • 132.25%Equity capital to assets
  • 8.47%Core capital (leverage) ratio
  • 8.66%Tier 1 risk-based capital ratio
  • 9.08%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $377,939Average earning assets
  • $32,615Average equity
  • $360,975Average loans

List of branches

  • 3 Pennsylvania Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0424306Meridian Bank1776 E. Lancaster Avenue, Paoli, PA 19301July 08, 2004Full Service Brick and Mortar
    1466360West Chester Office Branch16 W. Market Street, West Chester, PA 19382August 23, 2006Full Service Brick and Mortar
    2493828Lionville Branch60 E. Uwchlan Ave., Exton, PA 19341November 03, 2008Full Service Brick and Mortar

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