Prime Meridian Holding Co
primemeridianbank.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q3 FY2024 10-Q, filed Nov 8, 2024. Its latest SEC filing is a SCHEDULE 13G/A from Feb 17, 2026.
10-Q for Q3 FY2024, filed Nov 8, 2024
The sections below describe the company as of the FY2023 annual report.
What Did They Do?
Provides consumer and commercial banking services, including deposits, loans and electronic banking, to individuals and businesses.
10-K for FY2023, filed Mar 21, 2024
How Did They Make Money?
The bank earns most of its revenue from interest on loans and investments, and also collects fees for deposit accounts, debit cards, ATM use and other services. Service fees are generally paid when transactions occur or services are provided.
10-K for FY2023, filed Mar 21, 2024As a one-bank holding company, we generate most of our revenue from interest on loans and investments. Our primary source of funding for…View ↗
Revenue from Contracts with Customers. In addition to lending and related activities, the Company offers various services to customers that…View ↗
Debit Card/ATM Revenue. Debit card/ATM revenue primarily includes interchange income from client use of consumer and business debit cards.…View ↗
$39.9M
-
10-K for FY2023, filed Mar 21, 2024
$39.9M ↗
Who Were Their Customers?
Individuals and businesses use the bank’s services, including commercial and consumer borrowers and deposit account holders. Clients can bank at its offices or through its online platform.
10-K for FY2023, filed Mar 21, 2024Our business strategy focuses on traditional, relationship-based banking. The Bank provides a range of consumer and commercial banking…View ↗
Our loan target market includes owner-occupied and nonowner-occupied commercial real estate, small businesses, real estate developers…View ↗
Organization. Prime Meridian Holding Company (“PMHG”) owns 100% of the outstanding common stock of Prime Meridian Bank (the "Bank")…View ↗
Did Revenues Turn Into Profits?
Yes. It kept 22 cents of every revenue dollar as net income in .
10-K for FY2023, filed Mar 21, 2024
10-K for FY2023, filed Mar 21, 2024
$8.7MView ↗
How Were They Changing?
-
Sep 23, 2024
Adopted a share repurchase program of up to $5,000,000
The company may repurchase shares in the open market through December 31, 2024, subject to market conditions; the program does not require any purchases.
Sources
8-K, filed Sep 23, 2024
On September 23, 2024, Prime Meridian Holding Company (the “Company”) announced that it had adopted a share repurchase program. Under this…View ↗
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