2020 Q4 Form 10-Q Financial Statement

#000155837020013391 Filed on November 09, 2020

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q3 2019 Q3
Revenue $15.88M $13.59M
YoY Change 16.85%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.600M
YoY Change 220.0%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $3.165M $4.316M
YoY Change -26.67%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $11.88M $11.99M $4.231M
YoY Change 189.76% 183.27% 20.89%
Income Tax $2.880M $2.773M $914.0K
% Of Pretax Income 24.24% 23.14% 21.6%
Net Earnings $9.000M $9.212M $3.317M
YoY Change 186.62% 177.72% 21.5%
Net Earnings / Revenue 58.01% 24.41%
Basic Earnings Per Share $1.51 $0.52
Diluted Earnings Per Share $1.459M $1.51 $0.52
COMMON SHARES
Basic Shares Outstanding 6.132M 6.099M 6.407K
Diluted Shares Outstanding 6.110M 6.437K

Balance Sheet

Concept 2020 Q4 2020 Q3 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $36.74M $75.87M $40.53M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $7.777M $8.065M $8.900M
YoY Change -9.95% -9.38% -10.1%
Goodwill $899.0K $899.0K
YoY Change 0.0%
Intangibles $3.601M $3.668M
YoY Change -7.05%
Long-Term Investments $1.000M $1.000M
YoY Change 0.0%
Other Assets $100.0K $400.0K $1.800M
YoY Change -95.24% -77.78% -5.26%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $1.720B $1.759B $1.127B
YoY Change 49.58% 56.06% 17.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.200M $2.300M $700.0K
YoY Change 9.09% 228.57% 75.0%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $106.9M $104.2M $128.5M
YoY Change -13.6% -18.88% 193.38%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.200M $2.300M $700.0K
YoY Change 9.09% 228.57% 75.0%
LONG-TERM LIABILITIES
Long-Term Debt $40.70M $40.80M $9.200M
YoY Change -0.73% 343.48% -1.08%
Other Long-Term Liabilities $23.00M $20.40M $9.300M
YoY Change 147.31% 119.35% -15.45%
Total Long-Term Liabilities $63.70M $61.20M $18.50M
YoY Change 26.64% 230.81% -8.87%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.200M $2.300M $700.0K
Total Long-Term Liabilities $63.70M $61.20M $18.50M
Total Liabilities $1.579B $1.627B $1.009B
YoY Change 53.36% 61.2% 18.34%
SHAREHOLDERS EQUITY
Retained Earnings $59.01M $50.78M
YoY Change 73.07%
Common Stock $6.456M $6.450M
YoY Change 0.75%
Preferred Stock
YoY Change
Treasury Stock (at cost) $5.828M $5.828M
YoY Change 194166.67%
Treasury Stock Shares
Shareholders Equity $141.6M $131.8M $117.8M
YoY Change
Total Liabilities & Shareholders Equity $1.720B $1.759B $1.127B
YoY Change 49.58% 56.06% 17.41%

Cashflow Statement

Concept 2020 Q4 2020 Q3 2019 Q3
OPERATING ACTIVITIES
Net Income $9.000M $9.212M $3.317M
YoY Change 186.62% 177.72% 21.5%
Depreciation, Depletion And Amortization $1.600M
YoY Change 220.0%
Cash From Operating Activities $3.500M -$82.20M -$2.100M
YoY Change -79.65% 3814.29% -113.46%
INVESTING ACTIVITIES
Capital Expenditures $0.00 -$200.0K -$100.0K
YoY Change -100.0% 100.0% -50.0%
Acquisitions
YoY Change
Other Investing Activities $8.000M -$50.10M -$53.30M
YoY Change -121.16% -6.0% 128.76%
Cash From Investing Activities $8.000M -$50.40M -$53.50M
YoY Change -121.11% -5.79% 127.66%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -50.60M 161.8M 65.40M
YoY Change -358.16% 147.4% 876.12%
NET CHANGE
Cash From Operating Activities 3.500M -82.20M -2.100M
Cash From Investing Activities 8.000M -50.40M -53.50M
Cash From Financing Activities -50.60M 161.8M 65.40M
Net Change In Cash -39.10M 29.20M 9.800M
YoY Change 3454.55% 197.96% -916.67%
FREE CASH FLOW
Cash From Operating Activities $3.500M -$82.20M -$2.100M
Capital Expenditures $0.00 -$200.0K -$100.0K
Free Cash Flow $3.500M -$82.00M -$2.000M
YoY Change -79.77% 4000.0% -112.66%

Facts In Submission

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472000
CY2020Q3 us-gaap Professional Fees
ProfessionalFees
681000
CY2019Q3 us-gaap Professional Fees
ProfessionalFees
820000
us-gaap Professional Fees
ProfessionalFees
2118000
us-gaap Professional Fees
ProfessionalFees
2000000
CY2020Q3 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
781000
CY2019Q3 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
574000
us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
1996000
us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
1769000
CY2020Q3 mrbk Data Processing
DataProcessing
460000
CY2019Q3 mrbk Data Processing
DataProcessing
343000
mrbk Data Processing
DataProcessing
1260000
mrbk Data Processing
DataProcessing
990000
CY2020Q3 mrbk Information Technology
InformationTechnology
394000
CY2019Q3 mrbk Information Technology
InformationTechnology
334000
mrbk Information Technology
InformationTechnology
1100000
mrbk Information Technology
InformationTechnology
919000
CY2020Q3 mrbk Pennsylvania Bank Shares Tax Expense
PennsylvaniaBankSharesTaxExpense
254000
CY2019Q3 mrbk Pennsylvania Bank Shares Tax Expense
PennsylvaniaBankSharesTaxExpense
169000
mrbk Pennsylvania Bank Shares Tax Expense
PennsylvaniaBankSharesTaxExpense
734000
mrbk Pennsylvania Bank Shares Tax Expense
PennsylvaniaBankSharesTaxExpense
495000
CY2020Q3 us-gaap Other Noninterest Expense
OtherNoninterestExpense
1217000
CY2019Q3 us-gaap Other Noninterest Expense
OtherNoninterestExpense
850000
us-gaap Other Noninterest Expense
OtherNoninterestExpense
3156000
us-gaap Other Noninterest Expense
OtherNoninterestExpense
3701000
CY2020Q3 us-gaap Noninterest Expense
NoninterestExpense
25834000
CY2019Q3 us-gaap Noninterest Expense
NoninterestExpense
13547000
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
9212000
us-gaap Noninterest Expense
NoninterestExpense
61152000
us-gaap Noninterest Expense
NoninterestExpense
38980000
CY2020Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
11985000
CY2019Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
4231000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
22659000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
9410000
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2773000
CY2019Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
914000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5218000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2065000
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
3317000
us-gaap Net Income Loss
NetIncomeLoss
17441000
us-gaap Net Income Loss
NetIncomeLoss
7345000
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.51
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.52
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.83
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.15
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.51
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.52
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.82
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.14
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
9212000
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
3317000
us-gaap Net Income Loss
NetIncomeLoss
17441000
us-gaap Net Income Loss
NetIncomeLoss
7345000
CY2020Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
144000
CY2019Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
19000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
761000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
220000
CY2020Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
304000
CY2019Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
64000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
2489000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
767000
CY2020Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
-301000
CY2019Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
-16000
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
-313000
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
-46000
CY2020Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
989000
CY2019Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
58000
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
1032000
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
166000
CY2020Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
-157000
CY2019Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
3000
us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
448000
us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
174000
CY2020Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-685000
CY2019Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
6000
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
1457000
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
601000
CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-685000
CY2019Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
6000
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
1457000
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
601000
CY2020Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
8527000
CY2019Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
3323000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
18898000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
7946000
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
120695000
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
2516000
CY2020Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
429000
CY2020Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
2945000
CY2020Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
32000
CY2020Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
5703000
CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
64000
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
118033000
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
5713000
CY2020Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
1713000
CY2020Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
7426000
CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
59000
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
125518000
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
9212000
CY2020Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-685000
CY2020Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
8527000
CY2020Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.125
CY2020Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
763000
CY2020Q3 mrbk Employee Stock Ownership Plan Esop Shares Purchased
EmployeeStockOwnershipPlanEsopSharesPurchased
-133601
CY2020Q3 mrbk Employee Stock Ownership Plan Esop Value Shares Purchased
EmployeeStockOwnershipPlanEsopValueSharesPurchased
2000000
CY2020Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
373000
CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
177000
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
131832000
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
109552000
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
2006000
CY2019Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
373000
CY2019Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
2379000
CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
61000
CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
111992000
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
2022000
CY2019Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
222000
CY2019Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
2244000
CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
143000
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
114379000
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
3317000
CY2019Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
6000
CY2019Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
3323000
CY2019Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
8000
CY2019Q3 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
62000
CY2019Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
117772000
us-gaap Profit Loss
ProfitLoss
17441000
us-gaap Profit Loss
ProfitLoss
7345000
us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
1345000
us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
212000
mrbk Depreciation And Amortization Including Amortization Of Loan Fees
DepreciationAndAmortizationIncludingAmortizationOfLoanFees
-992000
mrbk Depreciation And Amortization Including Amortization Of Loan Fees
DepreciationAndAmortizationIncludingAmortizationOfLoanFees
1581000
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-14000
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-238000
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
22000
us-gaap Provision For Other Credit Losses
ProvisionForOtherCreditLosses
7139000
us-gaap Provision For Other Credit Losses
ProvisionForOtherCreditLosses
938000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
83000
us-gaap Stock Option Plan Expense
StockOptionPlanExpense
300000
us-gaap Stock Option Plan Expense
StockOptionPlanExpense
266000
mrbk Increase Decrease In Loans Held For Investment
IncreaseDecreaseInLoansHeldForInvestment
174000
mrbk Increase Decrease In Loans Held For Investment
IncreaseDecreaseInLoansHeldForInvestment
390000
us-gaap Increase Decrease In Loans Held For Sale
IncreaseDecreaseInLoansHeldForSale
4424000
us-gaap Increase Decrease In Loans Held For Sale
IncreaseDecreaseInLoansHeldForSale
-82000
us-gaap Increase Decrease In Derivative Assets And Liabilities
IncreaseDecreaseInDerivativeAssetsAndLiabilities
6346000
us-gaap Increase Decrease In Derivative Assets And Liabilities
IncreaseDecreaseInDerivativeAssetsAndLiabilities
-16000
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
6000
mrbk Sba Income
SbaIncome
1821000
mrbk Sba Income
SbaIncome
1150000
mrbk Proceeds From Sales Of Loans
ProceedsFromSalesOfLoans
1356637000
mrbk Proceeds From Sales Of Loans
ProceedsFromSalesOfLoans
432831000
mrbk Payments For Loans Originated For Sale
PaymentsForLoansOriginatedForSale
1498264000
mrbk Payments For Loans Originated For Sale
PaymentsForLoansOriginatedForSale
421092000
mrbk Mortgage Banking Income
MortgageBankingIncome
45395000
mrbk Mortgage Banking Income
MortgageBankingIncome
19139000
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
1518000
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
266000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-5511000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-91000
mrbk Gain Loss From Investment In Life Insurance
GainLossFromInvestmentInLifeInsurance
210000
mrbk Gain Loss From Investment In Life Insurance
GainLossFromInvestmentInLifeInsurance
218000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1274000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-249000
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
1170000
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
364000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
9054000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
3629000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-161648000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
4419000
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
6319000
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
11090000
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
44592000
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
19366000
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
92476000
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
29027000
us-gaap Proceeds From Sale Of Wholly Owned Real Estate And Real Estate Acquired In Settlement Of Loans
ProceedsFromSaleOfWhollyOwnedRealEstateAndRealEstateAcquiredInSettlementOfLoans
126000
mrbk Payments For Proceeds From Forward Contracts Investing Activities
PaymentsForProceedsFromForwardContractsInvestingActivities
85000
us-gaap Increase Decrease Of Restricted Investments
IncreaseDecreaseOfRestrictedInvestments
-422000
us-gaap Increase Decrease Of Restricted Investments
IncreaseDecreaseOfRestrictedInvestments
1235000
CY2020Q3 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Gain
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain
372000
CY2020Q3 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
6916000
us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
339459000
us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
104640000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
651000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
634000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-378987000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-105165000
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
357856000
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
106331000
us-gaap Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less
ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess
-31928000
us-gaap Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less
ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess
14165000
mrbk Increase Decrease In Short Term Debt Maturing More Than Three Months
IncreaseDecreaseInShortTermDebtMaturingMoreThanThreeMonths
12902000
us-gaap Repayments Of Assumed Debt
RepaymentsOfAssumedDebt
413000
us-gaap Repayments Of Assumed Debt
RepaymentsOfAssumedDebt
413000
us-gaap Repayments Of Subordinated Debt
RepaymentsOfSubordinatedDebt
63000
us-gaap Proceeds From Repayments Of Secured Debt
ProceedsFromRepaymentsOfSecuredDebt
247008000
us-gaap Proceeds From Repayments Of Secured Debt
ProceedsFromRepaymentsOfSecuredDebt
-2702000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
231000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
5703000
us-gaap Payments Of Dividends
PaymentsOfDividends
763000
mrbk Purchase Of Common Shares For Employee Stock Ownership Plan Esop
PurchaseOfCommonSharesForEmployeeStockOwnershipPlanEsop
2000000
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
405000
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
8000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
577133000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
117326000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
36498000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
16580000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
39371000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
23952000
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
75869000
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
40532000
us-gaap Interest Paid Net
InterestPaidNet
9581000
us-gaap Interest Paid Net
InterestPaidNet
11951000
us-gaap Income Taxes Paid
IncomeTaxesPaid
2490000
us-gaap Income Taxes Paid
IncomeTaxesPaid
1539000
us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
120000
us-gaap Transfer Of Loans Held For Sale To Portfolio Loans1
TransferOfLoansHeldForSaleToPortfolioLoans1
3602000
mrbk Noncash Or Partial Noncash Net Loan Assets Sold
NoncashOrPartialNoncashNetLoanAssetsSold
-1657000
mrbk Noncash Or Partial Noncash Net Loan Assets Sold
NoncashOrPartialNoncashNetLoanAssetsSold
-5580000
us-gaap Basis Of Accounting
BasisOfAccounting
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 10pt 27pt;">The Corporation’s unaudited consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information. Accordingly, they do not include all of the information and footnotes required by GAAP for complete consolidated financial statements. In the opinion of management, all adjustments necessary for a fair presentation of the consolidated financial position and the results of operations for the interim periods presented have been included.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 10pt 27pt;">The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Amounts subject to significant estimates are items such as the allowance for loan losses and lending related commitments, the fair value of financial instruments, other-than-temporary impairments of investment securities, and the valuations of goodwill and intangible assets, and servicing assets.  </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 0pt 27pt;">These unaudited consolidated financial statements should be read in conjunction with the Corporation’s filings with the Securities and Exchange Commission (including our Annual Report on Form 10-K for the year ended December 31, 2019) and, subsequently filed quarterly reports on Form 10-Q and current reports on Form 8-K that update or provide information in addition to the information included in Form 10-K and Form 10-Q filings, if any.   </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 0pt 27pt;"><span style="margin-bottom:12pt;margin-left:0pt;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 0pt 27pt;">Certain prior period amounts have been reclassified to conform with current period presentation. Reclassifications had no effect on net income or stockholders’ equity.  Operating results for the three and nine months ended September 30, 2020 are not necessarily indicative of the results for the year ending December 31, 2020 or for any other period.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 10pt 27pt;"><span style="margin-bottom:12pt;margin-left:0pt;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 0pt 27.35pt;"><b style="font-weight:bold;">Impact of COVID-19</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 0pt 27.35pt;"><span style="margin-left:0pt;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 0pt 27.35pt;">COVID-19 has adversely impacted a broad range of industries in which the Corporation’s customers operate and could impair their ability to fulfill their financial obligations to the Corporation.  The continued spread of COVID-19 throughout the U.S. has caused significant disruption in the U.S. economy and has disrupted banking and other financial activity in the areas in which the Corporation operates.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 0pt 27.35pt;"><span style="margin-bottom:12pt;margin-left:0pt;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 0pt 27.35pt;">Although the Corporation’s current estimates contemplate current conditions and how we expect them to change in the future, due to the prolonged impact that the COVID-19 has had on financial markets and the economy both locally and nationally, it is reasonably possible that this could materially affect these significant estimates and the Corporation’s results of operations and financial condition. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 0pt 27.35pt;"><span style="margin-bottom:12pt;margin-left:0pt;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 0pt 27.35pt;">The Corporation has continued to work with customers directly affected by COVID-19 since it was declared a pandemic, to provide short-term assistance in accordance with regulatory guidelines.  While the Corporation has factored the ongoing impacts of COVID-19 into the allowance for loan and lease losses calculation as of September 30, 2020, should economic conditions continue to worsen, the Corporation could experience further increases in its required allowance for loan and lease losses and record additional provision for loan loss expense. It is possible that the Corporation’s asset quality measures could worsen at future measurement periods due to the continuing effects of COVID-19 may have on borrowers.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 0pt 27.35pt;">COVID-19 could cause a further and sustained decline in the Corporation’s stock price or the occurrence of what management would deem to be a triggering event that could, under certain circumstances, cause us to perform goodwill and intangible asset impairment tests and result in an impairment charge being recorded for that period. In the event that the Corporation concludes that all or a portion of its goodwill or intangible assets are impaired, a </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 0pt 27.35pt;">non-cash charge for the amount of such impairment would be recorded to earnings. Such a charge would have no impact on tangible capital or regulatory capital. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 0pt 27.35pt;"><span style="margin-left:0pt;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 0pt 27pt;"><span style="background-color:#ffffff;">On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security, ( the “CARES Act”) was signed into law. It contained substantial tax and spending provisions intended to address the impact of the COVID-19 pandemic. The CARES Act included the Paycheck Protection Program (the “PPP”), a $349 billion program designed to aid small and medium sized businesses through federally guaranteed loans distributed through banks. The Paycheck Protection Program and Health Care Enhancement Act (the “PPP/HCEA Act”) was signed into law on April 24, 2020. The PPP/HCEA Act authorized an additional $310 billion of funding under the CARES Act for </span>PPP<span style="background-color:#ffffff;"> loans among other provisions. On July 4, 2020, legislation was passed to extend the application period for the </span>PPP<span style="background-color:#ffffff;"> program through August 8, 2020. These loans are intended to cover eight weeks of payroll and other permitted expenses to help those businesses remain viable.</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 0pt 27.35pt;"><span style="margin-left:0pt;visibility:hidden;">​</span></p>
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us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2019Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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us-gaap Debt Securities Available For Sale Realized Loss
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CY2019Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
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CY2019Q4 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
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CY2019Q4 us-gaap Impaired Financing Receivable With Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithRelatedAllowanceUnpaidPrincipalBalance
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CY2019Q4 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
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CY2020Q3 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
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CY2020Q3 us-gaap Impaired Financing Receivable With No Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithNoRelatedAllowanceUnpaidPrincipalBalance
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CY2019Q4 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
5227000
CY2019Q4 us-gaap Impaired Financing Receivable With No Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithNoRelatedAllowanceUnpaidPrincipalBalance
5310000
CY2020Q3 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
10447000
CY2020Q3 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
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CY2020Q3 mrbk Impaired Financing Receivable
ImpairedFinancingReceivable
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CY2019Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
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us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
281000
CY2020Q3 us-gaap Impaired Financing Receivable With Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceAverageRecordedInvestment
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CY2019Q3 us-gaap Impaired Financing Receivable With Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceAverageRecordedInvestment
816000
us-gaap Impaired Financing Receivable With Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceAverageRecordedInvestment
1869000
us-gaap Impaired Financing Receivable With Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceAverageRecordedInvestment
822000
CY2020Q3 us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment
6581000
CY2019Q3 us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment
5203000
us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment
6034000
us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment
5279000
CY2020Q3 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
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CY2019Q3 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
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us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
7903000
us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
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CY2020Q3 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
139000
CY2019Q3 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
50000
us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
152000
CY2020Q3 mrbk Financing Receivable Modifications Included In Nonperforming Loans And Leases
FinancingReceivableModificationsIncludedInNonperformingLoansAndLeases
246000
CY2019Q4 mrbk Financing Receivable Modifications Included In Nonperforming Loans And Leases
FinancingReceivableModificationsIncludedInNonperformingLoansAndLeases
319000
CY2020Q3 mrbk Financing Receivable Modifications In Compliance With Modification Terms
FinancingReceivableModificationsInComplianceWithModificationTerms
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CY2019Q4 mrbk Financing Receivable Modifications In Compliance With Modification Terms
FinancingReceivableModificationsInComplianceWithModificationTerms
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CY2020Q3 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
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CY2019Q4 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
3918000
CY2020Q3 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
0
us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
1
us-gaap Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
58000
us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
58000
us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
0
CY2019Q3 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
0
us-gaap Financing Receivable Modifications Subsequent Default Recorded Investment1
FinancingReceivableModificationsSubsequentDefaultRecordedInvestment1
0
CY2019Q3 us-gaap Financing Receivable Modifications Subsequent Default Recorded Investment1
FinancingReceivableModificationsSubsequentDefaultRecordedInvestment1
0
us-gaap Financing Receivable Modifications Subsequent Default Recorded Investment1
FinancingReceivableModificationsSubsequentDefaultRecordedInvestment1
0
CY2020Q3 us-gaap Financing Receivable Modifications Subsequent Default Recorded Investment1
FinancingReceivableModificationsSubsequentDefaultRecordedInvestment1
0
CY2020Q3 mrbk Financing Receivable Loan Modification Not Treated As Troubled Debt Restructuring
FinancingReceivableLoanModificationNotTreatedAsTroubledDebtRestructuring
1042400000
CY2020Q3 mrbk Financing Receivable Loan Modification Not Treated As Trouble Debt Restructuring Total Modifications
FinancingReceivableLoanModificationNotTreatedAsTroubleDebtRestructuringTotalModifications
154064000
CY2020Q3 mrbk Financing Receivable Loan Modifications Not Treated As Troubled Debt Restructuring Active Modifications
FinancingReceivableLoanModificationsNotTreatedAsTroubledDebtRestructuringActiveModifications
19136000
CY2020Q3 us-gaap Short Term Borrowings
ShortTermBorrowings
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CY2019Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
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CY2020Q3 us-gaap Notes Payable
NotesPayable
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CY2019Q4 us-gaap Notes Payable
NotesPayable
3123000
CY2019Q3 mrbk Gain Loss On Net Change In Fair Values
GainLossOnNetChangeInFairValues
30000
CY2020Q3 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
870795000
CY2020Q3 us-gaap Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
6530000
CY2019Q4 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
139615000
CY2019Q4 us-gaap Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
185000
CY2020Q3 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
3028000
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
6346000
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-15000
CY2020Q3 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
-2600000
CY2019Q3 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
-300000
us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
-7400000
us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
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CY2020Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
12715000
CY2019Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
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CY2020Q3 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
3956000
CY2019Q3 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
705000
CY2020Q3 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
8759000
CY2019Q3 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
8569000
CY2020Q3 us-gaap Fees And Commissions Mortgage Banking And Servicing
FeesAndCommissionsMortgageBankingAndServicing
21812000
CY2019Q3 us-gaap Fees And Commissions Mortgage Banking And Servicing
FeesAndCommissionsMortgageBankingAndServicing
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CY2020Q3 us-gaap Investment Banking Revenue
InvestmentBankingRevenue
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CY2019Q3 us-gaap Investment Banking Revenue
InvestmentBankingRevenue
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CY2020Q3 mrbk Sba Income
SbaIncome
641000
CY2019Q3 mrbk Sba Income
SbaIncome
635000
CY2020Q3 mrbk Gain Loss On Net Change In Fair Values
GainLossOnNetChangeInFairValues
6053000
CY2019Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
4231000
CY2020Q3 us-gaap Assets
Assets
1758648000
CY2020Q3 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
-2637000
CY2019Q3 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
-300000
CY2020Q3 mrbk Noninterest Income Other Operating Income Miscellaneous
NoninterestIncomeOtherOperatingIncomeMiscellaneous
2240000
CY2019Q3 mrbk Noninterest Income Other Operating Income Miscellaneous
NoninterestIncomeOtherOperatingIncomeMiscellaneous
607000
CY2020Q3 us-gaap Noninterest Income
NoninterestIncome
29060000
CY2019Q3 us-gaap Noninterest Income
NoninterestIncome
9209000
CY2020Q3 us-gaap Noninterest Expense
NoninterestExpense
25834000
CY2019Q3 us-gaap Noninterest Expense
NoninterestExpense
13547000
CY2020Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
11985000
CY2019Q3 us-gaap Assets
Assets
1126937000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
33978000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
26672000
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
7139000
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
938000
us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
26839000
us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
25734000
us-gaap Fees And Commissions Mortgage Banking And Servicing
FeesAndCommissionsMortgageBankingAndServicing
45395000
us-gaap Fees And Commissions Mortgage Banking And Servicing
FeesAndCommissionsMortgageBankingAndServicing
17617000
us-gaap Investment Banking Revenue
InvestmentBankingRevenue
2825000
us-gaap Investment Banking Revenue
InvestmentBankingRevenue
2698000
mrbk Sba Income
SbaIncome
1821000
mrbk Sba Income
SbaIncome
1150000
mrbk Gain Loss On Net Change In Fair Values
GainLossOnNetChangeInFairValues
10944000
mrbk Gain Loss On Net Change In Fair Values
GainLossOnNetChangeInFairValues
292000
us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
-7363000
us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
-792000
mrbk Noninterest Income Other Operating Income Miscellaneous
NoninterestIncomeOtherOperatingIncomeMiscellaneous
3350000
mrbk Noninterest Income Other Operating Income Miscellaneous
NoninterestIncomeOtherOperatingIncomeMiscellaneous
1691000
us-gaap Noninterest Income
NoninterestIncome
56972000
us-gaap Noninterest Income
NoninterestIncome
22656000
us-gaap Noninterest Expense
NoninterestExpense
61152000
us-gaap Noninterest Expense
NoninterestExpense
38980000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
22659000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
9410000
CY2020Q3 us-gaap Assets
Assets
1758648000
CY2019Q3 us-gaap Assets
Assets
1126937000
CY2020Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.125
CY2020Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.125
CY2020Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
763000
CY2020Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
6098573

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