Major Rating Factors:
A current level of 19.4 percent of nonperforming loans to core capital combined with 20.2 percent from a year earlier contributes to the Fair asset quality (3.6). Operating profits as a percentage of assets at 1.4%, coupled with a return on assets of 1.0 has resulted in Good (5.2) profitability.
Other Rating Factors:
A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (8.0 on a scale of 0 to 10). Excellent current capitalization (7.8 on a scale of 0 to 10) and a capital leverage ratio of 9.5.
Asset Mix:
Comm re (26%), comm loans (18%), home mtgs (17%), securities (9%), home eq lns (5%), cash (1%), other (24%)
States with Branches:
FL, PA
Asset Quality
Non-Performing Loans to Capital
Non-Performing Assets to Assets
Non-Performing Loans to Loans
Loan Loss Reserves to Loans
Charge-Offs to Average Loans
5-Year Charge-Offs to Average Loans
5-Year Asset Growth
1-Year Asset Growth
Profitability
Operating Profit to Average Assets
Return on Equity
Net Interest Spread
5-Year ROAA (Return on Average Assets)
Overhead Efficiency Ratio
Corporate Info
Group Affiliation
Meridian Corporation
Investment Rating
Address
9 Old Lincoln Highway
Malvern, PA 19355
Malvern, PA 19355
Phone Number
(484) 568-5000
Year Founded
2004
FDIC Number
Website
Largest Affiliates
No affiliate information available.