Meridian (Meridian) Credit Losses Provision : $8.3 Mil (As of Mar. 2024)

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What is Meridian Credit Losses Provision?

Meridian's credit losses provision for the three months ended in Mar. 2024 was $2.9 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was $8.3 Mil.

Meridian's quarterly credit losses provision increased from Sep. 2023 ($0.1 Mil) to Dec. 2023 ($4.6 Mil) but then declined from Dec. 2023 ($4.6 Mil) to Mar. 2024 ($2.9 Mil).

Meridian's annual credit losses provision increased from Dec. 2021 ($1.1 Mil) to Dec. 2022 ($2.5 Mil) and increased from Dec. 2022 ($2.5 Mil) to Dec. 2023 ($6.8 Mil).

Meridian Credit Losses Provision Historical Data

The historical data trend for Meridian's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Meridian Credit Losses Provision Chart

Meridian Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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0.90

8.30

1.07

2.49

6.82

Meridian Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Credit Losses Provision	Get a 7-Day Free Trial															1.40	0.71	0.08	4.63	2.87

Meridian Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $8.3 Mil.

Meridian (Meridian) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Meridian Corp (NAS:MRBK) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

N/A

Address

9 Old Lincoln Highway, Malvern, PA, USA, 19335

Website

https://www.meridianbanker.com

Meridian Corp is a full-service, state-chartered commercial bank providing personal, business lending, and deposit services. It operates in three business segments including Bank, Wealth, and Mortgage. The Bank segment consists of commercial and retail banking. The mortgage division consists of a mortgage consultant's guide. Its mortgage portfolio includes commercial mortgage, home equity, residential mortgage, construction, commercial, industrial, and consumer loans. It generates maximum revenue from the Bank segment.

Executives

Denise Lindsay	director, officer: Exec Vice President and CFO	9 OLD LINCOLN HIGHWAY, MALVERN PA 19355
Anthony Mark Imbesi	director	9 OLD LINCOLN HIGHWAY, MALVERN PA 19355
Christopher J. Annas	director, officer: Chairman & CEO	9 OLD LINCOLN HIGHWAY, MALVERN PA 19355
Robert M. Casciato	director	9 OLD LINCOLN HIGHWAY, MALVERN PA 19355
Robert T. Holland	director	9 OLD LINCOLN HIGHWAY, MALVERN PA 19355
Edward J. Hollin	director	9 OLD LINCOLN HIGHWAY, MALVERN PA 19355
Christine Marie Helmig	director	575 WELLINGTON SQUARE, UNIT 205, EXTON PA 19341
Collier George C. Iii	director	9 OLD LINCOLN HIGHWAY, MALVERN PA 19355
Charles D. Kochka	officer: Chief Lending Officer	9 OLD LINCOLN HIGHWAY, MALVERN PA 19355
Kenneth H. Slack	director	9 OLD LINCOLN HIGHWAY, MALVERN PA 19355
Joseph L. Cafarchio	officer: Chief Credit Officer	9 OLD LINCOLN HIGHWAY, MALVERN PA 19355
Randall J Mcgarry	officer: Chief Information Officer	4390 DAVISVILLE ROAD, HATBORO PA 19040