MRBK on Nasdaq

Meridian Corporation

Public company; Bank in Western Pennsylvania1

In its 2026 annual report the company says: “We provide services to small and middle market businesses, professionals and retail customers throughout our market area. We have a modern, progressive, consultative approach to creating innovative solutions for our customers. We are technology driven, with a culture that incorporates significant use of customer preferred alternative delivery channels, such as mobile banking, remote deposit capture and bank-to-bank ACH.”6 It is headquartered in Nassau.1 Its shares trade on Nasdaq under the symbol MRBK.1

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Last updated Oct 21, 2026.

Overview

Compare with SOUTHERN FIRST BANCSHARES INC, CONSUMERS BANCORP INC /OH/ or NATIONAL BANKSHARES INC, or pick any stock.

  • TickerMRBK on Nasdaq1
  • IndustryNational Commercial Banks1
  • HeadquartersNassau1
  • Incorporated inPA4
  • Business address9 Old Lincoln Highway, Malvern, Pa 193554
  • Filer categoryAccelerated filer, Smaller reporting company4
  • Legal formInternational Business Company3
  • LEI254900V9Q3EHA3CYRI433
  • StatusActive3
  • LEI statusIssued and current3
  • Registered addressC/O The Private Trust Corporation Limited, Nassau, Bahamas3
  • Registered withRegistrar General Department of the Bahamas, 85160B3

The Corporation is a bank holding company engaged in banking activities through its wholly-owned subsidiary, Meridian Bank (the “Bank”), a full-service, state-chartered commercial bank with offices in the Delaware Valley tri-state market, which includes Pennsylvania, New Jersey and Delaware, as well as in the Central Maryland market, and southwest Florida. We have a financial services business model with non-interest revenue streams from mortgage banking, the sale of SBA loan guarantees and wealth management services. We provide services to small and middle market businesses, professionals and retail customers throughout our market area. We have a modern, progressive, consultative approach to creating innovative solutions for our customers. We are technology driven, with a culture that incorporates significant use of customer preferred alternative delivery channels, such as mobile bankin…6 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

345.7%Net margin7
10.1%Revenue growth, 20257
10.9%Return on equity7
$22.6MFree cash flow7

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Investment Advice brought in 89% of the revenue Meridian Corporation broke down this way in fiscal 2025.

  1. Investment Advice$6.3M789%up 10% from 2024
  2. Wire Transfer Fees, ATM/Debit Card Commissions, And Title Fees$815.0K711%up 14% from 2024
Products and services by year
Products and services20242025
Investment Advice$5.7M$6.3M
Wire Transfer Fees, ATM/Debit Card Commissions, And Title Fees$716.0K$815.0K

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Income tax23¢$6.6M
  • Profit77¢$21.8M

Out of $6.3M in revenue.7

Where each dollar of operating cash went, fiscal 2025

  • Capital spending7¢$1.7M
  • Dividends paid23¢$5.7M
  • Kept or used elsewhere70¢$16.9M

Out of $24.3M of cash from operations.7

Financial statements

Revenue897$6.3M in 2025+33% since 2022
0$2.0M$4.0M$6.0M$8.0M2022: $4.7M$4.7M20222023: $4.9M$4.9M2023+4%2024: $5.7M$5.7M2024+16%2025: $6.3M$6.3M2025+10%
Net income101112897$21.8M in 2025+108% since 2019
0$10.0M$20.0M$30.0M$40.0M2019: $10.5M$10.5M20192020: $26.4M$26.4M2020+152%2021: $35.6M$35.6M2021+35%2022: $21.8M$21.8M2022−39%2023: $13.2M$13.2M2023−39%2024: $16.3M$16.3M2024+23%2025: $21.8M$21.8M2025+34%

Every line of the income statement as filed: the last 2 fiscal years, latest first.7

Period ending2025-12-312024-12-31
Loans and other finance receivables, including fees$156.0M$147.2M
Securities - taxable$7.3M$5.7M
Securities - tax-exempt$1.3M$1.3M
Cash and cash equivalents$1.8M$1.8M
Total interest income$166.3M$156.0M
Deposits$68.2M$74.0M
Borrowings and subordinated debentures$10.5M$11.0M
Total interest expense$78.6M$85.0M
Net interest income$87.7M$71.0M
Provision for credit losses$15.2M$11.4M
Net interest income after provision for credit losses$72.5M$59.6M
Mortgage banking income$20.8M$21.0M
Wealth management income$6.3M$5.7M
SBA loan income$5.5M$3.5M
Earnings on investment in life insurance$956.0K$868.0K
Net gain on sale of MSRs$403.0K$4.0M
Net (loss) gain on sale of loans-$434.0K$15.0K
Net change in the fair value of derivative instruments$373.0K$30.0K
Net change in the fair value of loans held-for-sale$310.0K-$25.0K
Net change in the fair value of loans held-for-investment$659.0K$214.0K
Net (loss) on hedging activity-$151.0K-$87.0K
Net gain (loss) on sale of investments AFS$501.0K-$57.0K
Other$4.0M$6.2M
Total non-interest income$39.2M$41.3M
Salaries and employee benefits$51.3M$47.3M
Occupancy and equipment$4.6M$6.0M
Professional fees$4.1M$4.8M
Data processing and software$7.0M$6.1M
Advertising and promotion$3.9M$3.3M
Pennsylvania bank shares tax$1.0M$972.0K
Other$11.4M$10.7M
Total non-interest expense$83.3M$79.1M
Income before income taxes$28.4M$21.8M
Income tax expense$6.6M$5.4M
Net income$21.8M$16.3M
Basic earnings per common share (in USD per share)$1.93$1.47
Diluted earnings per common share (in USD per share)$1.89$1.45
Basic weighted average shares outstanding (in shares)11.3M shares11.1M shares
Diluted weighted average shares outstanding (in shares)11.5M shares11.2M shares

Compare Meridian Corporation with another company

Corporate structure

Meridian Corporation sits at the top of its group. 2 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Meridian Corporation

  • Fourthstone LLC Filed SCHEDULE 13G/A on Meridian Corporation, latest Aug 14, 2026 (4 filings since Feb 14, 2024)
  • BlackRock Filed SCHEDULE 13G on Meridian Corporation, latest Jul 29, 2026
  • VANGUARD GROUP INC Filed SCHEDULE 13G/A on Meridian Corporation, latest Mar 27, 2026 (3 filings since Feb 10, 2022)
  • Ategra Capital Management, LLC Filed SCHEDULE 13G/A on Meridian Corporation, latest Nov 14, 2025 (6 filings since Jan 18, 2022)
  • Strategic Value Investors LP Filed SC 13G/A on Meridian Corporation, latest Feb 14, 2024 (3 filings since Feb 10, 2022)
  • BANC FUNDS CO LLC Filed SC 13G/A on Meridian Corporation, latest Feb 12, 2024 (3 filings since Feb 9, 2022)
  • Meridian Corporation Nassau, Bahamas
    • Meridian Bank Subsidiary · Pennsylvania, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Meridian Corporation reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Accumulated depreciation$15.7M7 Dec 31, 2025$14.6M7 Dec 31, 2024+7.7%
Property and equipment, net$12.4M7 Dec 31, 2025$12.2M7 Dec 31, 2024+2.1%
Operating-lease assets (leased space)$10.4M7 Dec 31, 2025$6.9M7 Dec 31, 2024+50.7%

Investments

ItemLatestA year beforeChange
Equity securities at fair value$2.2M7 Dec 31, 2025$2.1M7 Dec 31, 2024+3.8%
Loans, net of allowance$2.1B7 Dec 31, 2025$2.0B7 Dec 31, 2024+6.8%
Deposits held (banks)$2.2B7 Dec 31, 2025$2.0B7 Dec 31, 2024+7.6%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$899.0K7 Dec 31, 2025$899.0K7 Dec 31, 20240%
Intangible assets, net (excluding goodwill)$2.6M7 Dec 31, 2025$2.8M7 Dec 31, 2024−7.4%
Indefinite-lived intangibles (excluding goodwill)$266.0K7 Dec 31, 2025$266.0K7 Dec 31, 20240%
Accumulated amortization$2.0M7 Dec 31, 2025$1.8M7 Dec 31, 2024+11.1%
Finite-lived intangibles, net$2.3M7 Dec 31, 2025$2.5M7 Dec 31, 2024−8.2%

Properties, in its own words

The Corporation is headquartered in Malvern, PA and has seven full-service branches. Its main branch, in Wayne, serves the Main Line. The West Chester and Media branches serve Chester and Delaware counties, respectively, while the Doylestown and Blue Bell branches serve Bucks and Montgomery counties, respectively, and a branch serving Center City Philadelphia. Our seventh, and newest branch, is located in the southwest Florida town of Bonita Springs. In addition to our deposit taking branches, there are currently 10 other offices, including headquarters for Corporate and Operations, the Wealth Division and the Mortgage Division. Other than our corporate and operations headquarters, all of our offices are leased. The Bank had a net book value of $10.7 million for all locations at December 31, 2025.

Branch locations:

The rest of Item 2

•Wayne Branch – 220 W Lancaster Avenue, Wayne, PA 19087

•West Chester Branch – 16 W. Market Street, West Chester, PA 19382

•Media Branch – 100 E. State Street, Media, PA 19063

•Doylestown Branch – 1719A S. Easton Road, Doylestown, PA 18901

•Blue Bell Branch – 653 Skippack Pike, Ste. 116, Blue Bell, PA 19422

•Philadelphia Branch – 1760 Market Street, Philadelphia, PA 19103

•Bonita Springs Branch - 12611 Bonita Beach Rd SE, Suite 1, Bonita Springs, FL 34135

Other offices:

•Corporate Headquarters – 9 Old Lincoln Highway, Malvern, PA 19355

•Mortgage Headquarters – 301 E. Germantown Pike, Suite 201, East Norriton, PA 19401

•Operations Headquarters – 367 Eagleview Boulevard, Exton, PA 19341

•Meridian Wealth Office – 301 E. Germantown Pike, Suite 201, East Norriton, PA 19401

•SBA Lending Group Office -1760 Market Street, Suite 704, Philadelphia, PA 19103

•Commercial Loan Office – 3450 Lakeside Drive, Suite 350, Miramar, FL 33027

•Commercial Loan / Mortgage Loan Production Office – 8894 Stanford Boulevard, Suite 203, Columbia, MD 21045

•Mortgage Loan Production Office – 5301 Limestone Road, Suite 202, Wilmington, DE 19801

•Mortgage Loan Production Office – 22128 Sussex Highway, Seaford, DE 19973

•Mortgage Loan Production Office - 301 E. Germantown Pike, Suite 201, East Norriton, PA 19401

•Mortgage Loan Production Office – 350 Highland Drive, Suite 160, Mountville, PA 17554

•Mortgage Loan Production Office – 2330 New Road, Northfield, NJ 08225

•Mortgage Loan Production Office – 110 West Road, Suite 500, Towson, MD 21204

•Mortgage Loan Production Office – 8894 Stanford Boulevard, Suite 203, Columbia, MD 21045

Item 2 of the 10-K filed Mar 13, 2026.6

Leadership

Who has led Meridian Corporation, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (13)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Meridian Bank Pennsylvania5

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Jul 30, 20268-K Results of operations; Regulation FD disclosure; Other events29
  2. Jul 23, 20268-K Regulation FD disclosure30
  3. May 29, 20268-K Shareholder vote31
  4. May 4, 20268-K Results of operations; Regulation FD disclosure32
  5. Apr 27, 20268-K Executive or director change33
  6. Apr 23, 20268-K Results of operations; Regulation FD disclosure; Other events34
  7. Apr 23, 20268-K Executive or director change35
  8. Jan 29, 20268-K Results of operations; Regulation FD disclosure; Other events36
  9. Oct 23, 20258-K Results of operations; Regulation FD disclosure; Other events37
  10. Jul 28, 20258-K Regulation FD disclosure38
  11. Jul 24, 20258-K Results of operations; Other events39
  12. May 22, 20258-K Shareholder vote40
  13. Sep 10, 2018New chief executive Christopher J. Annas becomes CEO15
  14. 2004Went public Listed on NASDAQ1
  15. Jan 7, 1999Founded Meridian Corporation is founded3

Calendar

Coming up

  1. Oct 22, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.58 a share, on Oct 23, 2025.41

When it reported results

  1. Jul 30, 2026Reported quarterly or annual results29
  2. May 4, 2026Reported quarterly or annual results32
  3. Apr 23, 2026Reported quarterly or annual results34
  4. Jan 29, 2026Reported quarterly or annual results36
  5. Oct 23, 2025Reported quarterly or annual results37
  6. Jul 24, 2025Reported quarterly or annual results39
  7. Apr 25, 2025Reported quarterly or annual results42
  8. Jan 24, 2025Reported quarterly or annual results43

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

198 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 50 major events, 88 insider forms, 20 large holders, 20 other. The latest 20:

  1. Aug 14, 2026SCHEDULE 13G/A EDGAR
  2. Aug 7, 202610-Q EDGAR
  3. Jul 30, 20268-K EDGAR
  4. Jul 29, 2026SCHEDULE 13G EDGAR
  5. Jul 23, 20268-K EDGAR
  6. Jun 25, 20264 EDGAR
  7. Jun 10, 20264 EDGAR
  8. May 29, 20268-K EDGAR
  9. May 14, 20264 EDGAR
  10. May 11, 202610-Q EDGAR
  11. May 8, 20264 EDGAR
  12. May 4, 20268-K/A EDGAR
  13. Apr 30, 20264 EDGAR
  14. Apr 30, 20264 EDGAR
  15. Apr 27, 20263 EDGAR
  16. Apr 27, 20268-K EDGAR
  17. Apr 23, 20268-K EDGAR
  18. Apr 23, 20268-K EDGAR
  19. Apr 6, 2026DEFR14A EDGAR
  20. Apr 6, 2026ARS EDGAR

The 198 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

54 open-market trades by officers, directors and large owners since October 2021: 54 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
May 13, 2026Imbesi Anthony MarkDirectorBuy1,000$17.38$17.4KForm 4
May 11, 2026Warriner Kenneth ThomasDirectorBuy1,000$18.00$18.0KForm 4
Apr 30, 2026Warriner Kenneth ThomasDirectorBuy1,000$18.42$18.4KForm 4
Aug 27, 2025Imbesi Anthony MarkDirectorBuy522$15.73$8.2KForm 4
May 19, 2025Holland Robert T.DirectorBuy608$14.30$8.7KForm 4
May 9, 2025Casciato Robert M.DirectorBuy2,000$13.79$27.6KForm 4
May 8, 2025Lindsay DeniseEVP, Chief Financial OfficerBuy600$13.57$8.1KForm 4
Aug 19, 2024Annas Christopher J.Chairman & CEOBuy2,000$10.70$21.4KForm 4
Aug 19, 2024Imbesi Anthony MarkDirectorBuy1,000$10.74$10.7KForm 4
Aug 9, 2024Lindsay DeniseEVP, Chief Financial OfficerBuy1,500$10.68$16.0KForm 4
May 14, 2024Annas Christopher J.Chairman & CEOBuy1,000$9.19$9.2KForm 4
May 10, 2024Holland Robert T.DirectorBuy500$9.10$4.5KForm 4
May 9, 2024Holland Robert T.DirectorBuy500$9.08$4.5KForm 4
May 7, 2024Holland Robert T.DirectorBuy1,000$8.97$9.0KForm 4
May 6, 2024Hollin Edward J.DirectorBuy500$9.13$4.6KForm 4
May 3, 2024Hollin Edward J.DirectorBuy500$9.24$4.6KForm 4
May 3, 2024Annas Christopher J.Chairman & CEOBuy1,500$9.31$14.0KForm 4
May 2, 2024Lindsay DeniseEVP, Chief Financial OfficerBuy500$8.87$4.4KForm 4
May 2, 2024Annas Christopher J.Chairman & CEOBuy1,500$8.99$13.5KForm 4
May 1, 2024Lindsay DeniseEVP, Chief Financial OfficerBuy2,000$9.01$18.0KForm 4

All 54 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Christopher J. Annas - ChairmanPresident and CEO$622.0K$1.7M50
2025Denise Lindsay – Chief Financial Officer and EVP$396.0K$900.5K50
2025Clarence A. Martindell - EVPCommercial Real Estate Lending$290.0K$519.1K50
2024Christopher J. Annas - ChairmanPresident and CEO$568.0K$1.4M50
2024Denise Lindsay – Chief Financial Officer and EVP$322.0K$683.3K50
2024Clarence A. Martindell - EVPCommercial Real Estate Lending$280.0K$483.8K50
2023Christopher J. Annas - ChairmanPresident and CEO$537.0K$1.0M50
2023Denise Lindsay – Chief Financial Officer and EVP$309.0K$634.3K50

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.690,544$13.8M0.0%+132,012
Strategic Value Bank Partners LLC651,298$13.0M9.1%No change
Fourthstone LLC538,390$10.8M7.7%−636,911
Dimensional Fund Advisors LP497,805$10.0M0.0%+63,803
First Manhattan Co. Llc.437,696$8.8M0.0%No change
Vanguard Capital Management LLC434,281$8.7M0.0%−52,561
Banc Funds Co LLC382,533$7.7M1.3%+13,200
Geode Capital Management, LLC280,264$5.6M0.0%+67,202
American Century Companies Inc258,339$5.2M0.0%+65,657
Qube Research & Technologies Ltd217,353$4.4M0.0%+164,682
Two Sigma Investments, LP191,059$3.8M0.0%+80,110
State Street Corp186,047$3.7M0.0%+53,867
Nuveen, LLC179,173$3.6M0.0%+10,310
Arrowstreet Capital, Limited Partnership176,606$3.5M0.0%+10,167
Wick Capital Partners, LLC144,516$2.9M0.4%No change
Connor, Clark & Lunn Investment Management Ltd.129,471$2.6M0.0%−8,560
Trexquant Investment LP99,196$2.0M0.0%+9,729
Marshall Wace, Llp87,067$1.7M0.0%+20,529
Jacobs Levy Equity Management, Inc86,641$1.7M0.0%New
Morgan Stanley85,558$1.7M0.0%+20,510
Vanguard Portfolio Management LLC85,196$1.7M0.0%+22,530
Aqr Capital Management LLC81,640$1.6M0.0%+38,969
Goldman Sachs Group Inc81,067$1.6M0.0%+2,632
Segall Bryant & Hamill, LLC79,285$1.6M0.0%−105
Northern Trust Corp75,804$1.5M0.0%+9,255

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Meridian Corporation is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARMeridian Corp2
  • CIK0001750735
  • Employer ID (EIN)83-15619186
  • Filer statusAccelerated filer not an emerging growth company; a smaller reporting company; not a shell company6
  • Incorporated inPennsylvania6
  • Fiscal year endsDecember 312
  • Industry code (SIC)6021 National Commercial Banks2
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance2
  • Business address9 Old Lincoln Highway, Malvern, PA 193552
  • Phone484-568-50002
  • Shares outstanding11,929,048 as of Aug 6, 202614
  • Public float$123.6M as of Jun 30, 20256
  • AuditorCrowe LLP, Washington, D.C. PCAOB ID 173; it also attests to the company’s internal control over financial reporting6
  • On EDGAR sinceAug 24, 20182
  • Filings358 in all: 4 (166), 8-K (82), 10-Q (24), SC 13G/A (15), DEFA14A (9), 10-K (8), DEF 14A (8), SCHEDULE 13G/A (7)2
    All 28 form types

    CORRESP (5), SC 13G (5), 3 (4), UPLOAD (4), ARS (3), 8-K/A (2), EFFECT (2), SCHEDULE 13G (2), 10-K/A (1), 424B3 (1), 424B5 (1), 8-K12G3 (1), D (1), DEFR14A (1), NT 10-K (1), NT 10-Q (1), PRE 14A (1), S-3 (1), S-4 (1), S-4/A (1)

  • Latest filingsAnnual report (10-K) Mar 13, 2026
    Quarterly report (10-Q) Aug 7, 2026
    Proxy statement (DEF 14A) Apr 6, 2026
    Latest 8-K (8-K) Jul 30, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $1 per shareMRBKThe Nasdaq Stock Market LLC

From the cover page of the 10-K filed Mar 13, 2026 (Section 12(b) of the Exchange Act).6

Risk factors and legal proceedings

The risks Meridian Corporation names in Item 1A of its 10-K filed Mar 13, 2026: 41 risks under these headings, as written.6

  • Risks Related to Our Business / Operations
  • Our business and operations may be materially adversely affected by national and local market economic conditions.
  • The value of the financial instruments we own may decline in the future.
  • Our small business customers may lack the resources to weather a downturn in the economy.
  • We may be adversely affected by risks associated with completed and potential acquisitions.
  • Liquidity risks could affect operations and jeopardize our business, financial condition and results of operations
  • Loss of deposits could increase our funding costs.
  • We may need to raise additional capital in the future, and such capital may not be available when needed or at all.
  • We may not be able to implement our growth strategy or manage costs effectively, resulting in lower earnings or profitability.
  • The occurrence of fraudulent activity, breaches or failures of our information security controls or cybersecurity-related incidents could have a material adverse effect on our business, financial condition or results of operations.
  • We depend on information technology and telecommunications systems of third parties, and any systems failures, interruptions or data breaches involving these systems could adversely affect our operations and financial condition.
  • We continually encounter technological change.
The other 30 risks
  • Any actual or perceived failure to comply with evolving regulatory frameworks around the development and use of artificial
  • intelligence (AI) could adversely affect our business, results of operations, and financial condition.
  • We may not be able to attract and retain key personnel and other skilled employees.
  • New lines of business, products, product enhancements or services may subject us to additional risks.
  • We operate in a highly competitive and changing industry and market area and compete with both banks and non-banks.
  • Our ability to maintain, attract and retain customer relationships is highly dependent on our reputation.
  • Accounting standards periodically change and the application of our accounting policies and methods may require management to make estimates about matters that are uncertain.
  • The Corporation’s controls and procedures may fail or be circumvented.
  • Risks Related to Interest Rates
  • We must effectively manage interest rate risk.
  • The impact of interest rates on our mortgage banking business can have a significant impact on revenues.
  • Changes in interest rates could also reduce the value of our residential mortgage-related securities and MSRs, which could negatively affect our earnings.
  • Risks Related to Lending Activities
  • We must effectively manage the credit risks of our loan portfolio.
  • Nonperforming assets take significant time to resolve and adversely affect the Corporation's results of operations and financial condition.
  • Our allowance for credit losses may be insufficient, and an increase in the allowance would reduce earnings.
  • Our business, profitability and liquidity may be adversely affected by deterioration in the credit quality of, or defaults by, third parties who owe us money, securities or other assets or whose securities or obligations we hold.
  • Our mortgage banking business may not provide us with significant non-interest income.
  • Our SBA lending program is dependent upon the federal government and we face specific risks associated with originating SBA loans.
  • Our loan servicing rights could become impaired, which may require us to take non-cash charges.
  • We may be required to repurchase mortgage loans or indemnify buyers against losses in some circumstances, which could harm liquidity, results of operations and financial condition.
  • We are subject to environmental liability risk associated with our lending activities and with the properties we own.
  • Our business is significantly dependent on the real estate markets in which we operate, as a large percentage of our loan portfolio is secured by real estate or mortgage loans originated for sale.
  • Risks Related to our Wealth Management Business
  • Revenues and profitability from our wealth management business may be adversely affected by any reduction in assets under management, which could reduce fees earned.
  • The wealth management business is subject to extensive regulation, supervision and examination by regulators, and any enforcement action or adverse changes in the laws or regulations governing our business could decrease our revenues and profitability.
  • We may not be able to attract and retain wealth management clients.
  • Risks Related to Regulation
  • Changes in laws and regulations and the cost of regulatory compliance with new laws and regulations may adversely affect our operations and/or increase our costs of operations.
  • We cannot predict the effect of legislative and regulatory initiatives, which could increase our costs of doing business and adversely affect our results of operations and financial condition.
  • We are subject to capital adequacy requirements and may be subject to more stringent capital requirements.
  • General Risk Factors
  • Our stock price, like many of our peers, may be volatile, and you could lose part or all of your investment as a result.
  • Certain banking laws and certain provisions of our articles of incorporation may have an anti-takeover effect.
  • Natural disasters, acts of war or terrorism, outbreaks or escalations of hostilities and other external events could negatively impact the Corporation.

Sources

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