Meridian Corp (NASDAQ: MRBK) is a Pennsylvania-based bank holding company that operates through its wholly-owned bank subsidiary, offering commercial real estate lending, residential mortgage banking, small business lending, and wealth management services. It earns revenue through net interest income on loans and deposits, and non-interest income from mortgage banking, wealth management fees, and SBA loan activity. As of December 31, 2025, total loans and other finance receivables stood at $2.17 billion, with commercial real estate loans representing $879.4 million (39.9% of total portfolio loans), construction and development loans at $330.5 million (15.0%), residential mortgage loans at $236.1 million, and home equity loans at $107.0 million. Non-interest income streams include mortgage banking income, wealth management income, SBA loan income, and gains on mortgage servicing rights. Meridian Wealth, a registered investment advisor and wholly-owned subsidiary of the Bank, serves professionals, higher net worth individuals, and businesses. The filing is a 10-K for the fiscal year ended December 31, 2025, filed March 13, 2026.

Revenue model

Net interest income from loans (commercial real estate, residential mortgage, construction, SBA, and commercial and industrial) and deposits, supplemented by non-interest income from mortgage banking, wealth management advisory fees, SBA loan sales, mortgage servicing rights sales, and gains on loan and investment sales.

Products and services

Commercial real estate loans (owner-occupied permanent financing, construction and development), residential mortgage loans, home equity lines and loans, small business (SBA) loans, commercial and industrial loans, equipment leases, deposit accounts, debit card services, wealth management and financial planning services (via Meridian Wealth registered investment advisor).

Customers and end markets

Commercial real estate investors and developers, residential homebuyers, small businesses, professionals and high-net-worth individuals seeking wealth management, and businesses seeking employee benefit plans. End markets include Pennsylvania real estate, residential mortgage origination, and SBA lending.

Value-chain role

Community bank and registered investment advisor. Originates and holds loans on balance sheet, originates mortgages for sale, sells SBA loans, and provides fee-based wealth management through a subsidiary RIA.

Geographic exposure

Primarily Pennsylvania, with significant concentration in Pennsylvania real estate markets as disclosed in the FY2025 10-K. No other states or geographies are identified in the filing excerpts.

Source: SEC 10-K, filed 2026-03-13

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