Overview
- IndustryState Commercial Banks1
- HeadquartersTallahassee, Florida1
- Incorporated inFL2
- Business address1897 Capital Circle, Ne, Tallahassee, Fl 323082
- Filer categoryNon-accelerated filer, Smaller reporting company2
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Prime Meridian Holding Company (“PMHG”) was incorporated as a Florida corporation on May 25, 2010, and is the one-bank holding company for and sole shareholder of Prime Meridian Bank (the “Bank”). The Bank opened for business on February 4, 2008, and was acquired by PMHG on September 16, 2010. PMHG has no significant operations other than owning the stock of the Bank. In this report, the terms “Company,” “we,” “us,” or “our” mean PMHG and its subsidiary. Since opening in 2008, the Bank has conducted a general banking business and has grown to 110 full-time equivalent (“FTE”) employees as of December 31, 2023. We operate under the supervision and regulations of the FDIC, the Board of Governors of the Federal Reserve System ("Federal Reserve"), and the State of Florida Office of Financial Regulation ("OFR").3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Financial statements
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Interest | $1.2M4 | $2.3M5 | $3.6M6 | $3.0M7 | $2.1M8 | $2.8M9 | $10.6M9 | |
| Income before tax | $10.9M8 | $12.7M9 | $11.4M9 | |||||
| Income tax | $1.7M4 | $1.2M5 | $1.1M6 | $1.3M7 | $2.5M8 | $3.1M9 | $2.7M9 | |
| Net income | $2.8M4 | $4.0M5 | $3.5M6 | $4.5M7 | $8.3M8 | $9.7M9 | $8.7M9 | |
| Earnings per share | $1.044 | $1.295 | $1.126 | $1.427 | $2.678 | $3.079 | $2.719 | |
| Earnings per share (diluted) | $1.044 | $1.295 | $1.126 | $1.427 | $2.668 | $3.039 | $2.689 | |
| Shares (weighted, basic) | 3.1M shares8 | 3.2M shares9 | 3.2M shares9 | |||||
| Shares (weighted, diluted) | 3.1M shares8 | 3.2M shares9 | 3.3M shares9 |
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Cash | $32.4M4 | $48.0M4 | $75.1M6 | $69.0M6 | ||||
| Property, plant and equipment | $8.0M8 | $8.0M9 | $7.5M9 | |||||
| Total assets | $347.2M4 | $401.7M5 | $500.9M6 | $647.3M7 | $841.1M8 | $815.2M9 | $854.5M9 | |
| Total liabilities | $300.2M4 | $350.9M5 | $445.0M6 | $587.0M7 | $774.1M8 | $748.1M9 | $774.6M9 | |
| Retained earnings | $28.2M8 | $37.3M9 | $47.2M9 | |||||
| Shareholders’ equity | $47.0M5 | $50.8M6 | $55.9M7 | $60.3M8 | $67.0M9 | $67.1M9 | $80.0M9 | |
| Shares outstanding | 3.1M shares4 | 3.1M shares5 | 3.2M shares6 | 3.1M shares7 | 3.1M shares8 | 3.2M shares9 | 3.3M shares9 | 3.3M shares9 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | $1.7M4 | $6.6M5 | $4.4M6 | $108.0K7 | $9.4M8 | $17.6M9 | $10.5M9 | |
| Depreciation and amortization | $678.0K8 | $683.0K9 | $724.0K9 | |||||
| Stock-based compensation | $227.0K8 | $307.0K9 | $301.0K9 | |||||
| Capital spending | $462.0K4 | $304.0K5 | $3.7M6 | $1.2M7 | $392.0K8 | $743.0K9 | $178.0K9 | |
| Free cash flow | $1.2M | $6.3M | $646.0K | -$1.1M | $9.0M | $16.9M | $10.4M | |
| Cash from investing | -$30.4M8 | -$180.4M9 | -$49.4M9 | |||||
| Dividends paid | $140.0K4 | $312.0K5 | $377.0K6 | $383.0K7 | $438.0K8 | $567.0K9 | $698.0K9 | |
| Cash from financing | $185.5M8 | -$30.9M9 | $27.5M9 | |||||
| Dividend per share |
Corporate structure
Prime Meridian Holding Co sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Prime Meridian Holding Co
- BANC FUNDS CO LLC Filed SCHEDULE 13G/A on Prime Meridian Holding Co, latest Feb 17, 2026 (3 filings since Feb 11, 2022)
- Fourthstone LLC Filed SCHEDULE 13G/A on Prime Meridian Holding Co, latest Aug 14, 2025 (2 filings since May 13, 2025)
- Prime Meridian Holding Co Tallahassee, Florida
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Prime Meridian Holding Co 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
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $14.6M9 Dec 31, 2023 | $14.4M9 Dec 31, 2022 | +1.2% |
| Accumulated depreciation | $7.1M9 Dec 31, 2023 | $6.4M9 Dec 31, 2022 | +11.4% |
| Property and equipment, net | $7.5M9 Dec 31, 2023 | $8.0M9 Dec 31, 2022 | −6.8% |
| Operating-lease assets (leased space) | $2.8M9 Dec 31, 2023 | $3.0M9 Dec 31, 2022 | −7.3% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Debt securities available for sale | $124.5M9 Dec 31, 2023 | $129.4M9 Dec 31, 2022 | −3.8% |
| Debt securities held to maturity | $11.8M9 Dec 31, 2023 | $11.8M9 Dec 31, 2022 | +0.4% |
| Loans, net of allowance | $588.7M8 Dec 31, 2022 | $490.2M8 Dec 31, 2021 | +20.1% |
| Deposits held (banks) | $748.7M9 Dec 31, 2023 | $731.5M9 Dec 31, 2022 | +2.3% |
Timeline
- Oct 25, 20248-K Results of operations12
- Sep 23, 20248-K Other events13
- Jul 26, 20248-K Results of operations14
- May 9, 20248-K Shareholder vote15
- May 2, 20248-K Results of operations16
- May 1, 20248-K Results of operations17
- Mar 5, 20248-K Executive or director change18
- Jan 29, 20248-K Results of operations19
- Nov 6, 20238-K Results of operations20
- Oct 30, 20238-K Results of operations21
- Oct 2, 20238-K Ended a material agreement; Executive or director change22
- Jul 27, 20238-K Results of operations23
Calendar
When it reported results
- Oct 25, 2024Reported quarterly or annual results12
- Jul 26, 2024Reported quarterly or annual results14
- May 2, 2024Reported quarterly or annual results16
- May 1, 2024Reported quarterly or annual results17
- Jan 29, 2024Reported quarterly or annual results19
- Nov 6, 2023Reported quarterly or annual results20
- Oct 30, 2023Reported quarterly or annual results21
- Jul 27, 2023Reported quarterly or annual results23
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
50 filings to the SEC since October 2021: 3 annual reports, 10 quarterly reports, 31 major events, 5 large holders, 1 other. The latest 20:
- Feb 17, 2026SCHEDULE 13G/A EDGAR
- Aug 14, 2025SCHEDULE 13G/A EDGAR
- May 13, 2025SCHEDULE 13G EDGAR
- Jan 29, 202515-15D EDGAR
- Nov 8, 202410-Q EDGAR
- Oct 25, 20248-K EDGAR
- Sep 23, 20248-K EDGAR
- Aug 9, 202410-Q EDGAR
- Jul 26, 20248-K EDGAR
- May 9, 20248-K EDGAR
- May 9, 202410-Q EDGAR
- May 2, 20248-K EDGAR
- May 1, 20248-K EDGAR
- Mar 21, 202410-K EDGAR
- Mar 5, 20248-K EDGAR
- Feb 9, 2024SC 13G/A NONE EDGAR
- Jan 29, 20248-K EDGAR
- Nov 7, 202310-Q EDGAR
- Nov 6, 20238-K EDGAR
- Oct 30, 20238-K EDGAR
The 50 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.
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.
- BANC FUNDS CO LLCSCHEDULE 13G/A, 3 filings Feb 11, 2022 to Feb 17, 202624
- Fourthstone LLCSCHEDULE 13G/A, 2 filings May 13, 2025 to Aug 14, 202525
SEC filer profile
How Prime Meridian Holding Co is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARPrime Meridian Holding Co1
- CIK0001586454
- Employer ID (EIN)27-29808051
- Filer statusNon-accelerated filer<br>smaller reporting company1
- Incorporated inFlorida1
- Fiscal year endsDecember 311
- Industry code (SIC)6022 State Commercial Banks1
- SEC reviewing officeOffice of Finance, Division of Corporation Finance1
- Business address1897 Capital Circle, Ne, Tallahassee, FL 323081
- Phone850-907-23011
- Shares outstanding3,287,747 as of Nov 5, 202411
- Public float$51.5M as of Jun 30, 20239
- On EDGAR sinceOct 18, 20131
- Filings213 in all: 8-K (118), 10-Q (33), FWP (18), 10-K (11), CORRESP (4), EFFECT (4), 424B3 (3), POS AM (3)1
All 22 form types
S-1/A (3), S-1 (2), SC 13G (2), SCHEDULE 13G/A (2), 15-15D (1), 424B1 (1), 424B2 (1), 8-K/A (1), D (1), D/A (1), S-1MEF (1), SC 13G/A (1), SCHEDULE 13G (1), UPLOAD (1)
- Latest filingsAnnual report (10-K) Mar 21, 2024
Quarterly report (10-Q) Nov 8, 2024
Latest 8-K (8-K) Oct 25, 2024
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 12SEC EDGARResults of operations
- 13SEC EDGAROther events
- 14SEC EDGARResults of operations
- 15SEC EDGARShareholder vote
- 16SEC EDGARResults of operations
- 17SEC EDGARResults of operations
- 18SEC EDGARExecutive or director change
- 19SEC EDGARResults of operations
- 20SEC EDGARResults of operations
- 21SEC EDGARResults of operations
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- 23SEC EDGARResults of operations
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