Meridian Corp SEC Filings

Fourthstone and related entities report beneficial ownership of 1,084,319 shares of Meridian Corporation common stock, representing 9.61% of the class based on 11,285,278 shares outstanding. The filing breaks the holdings into entity-level amounts: Fourthstone Master Opportunity Fund Ltd. 854,867 shares (7.58%), Fourthstone GP LLC 229,452 shares (2.03%), Fourthstone QP Opportunity Fund LP 228,714 shares (2.03%) and Fourthstone Small-Cap Financials Fund LP 738 shares (0.01%). L. Phillip Stone, IV is reported as beneficial owner of the aggregated 1,084,319 shares.

The cover information shows each reporting person reports zero sole voting or dispositive power and the reported shares are held with shared voting and dispositive power. The filing states the securities were acquired and are held in the ordinary course of business and not for the purpose or effect of changing or influencing control of the issuer. The issuer principal office address and the reporting persons principal business address are provided in the filing.

Lindsay Denise, EVP and Chief Financial Officer and a director of Meridian Corporation (MRBK), exercised employee stock options on 08/08/2025. She exercised 5,000 options at an exercise price of $8.50 per share, resulting in the acquisition of 5,000 common shares and increasing her direct beneficial ownership to 93,600 shares. The derivative holdings tied to those options are reported as 0 following the transaction. The filing notes the options and share counts were adjusted for a two-for-one stock split on 02/28/2023, and describes the original vesting schedule: 25% at grant date with the remainder vesting in three equal annual installments beginning one year after each grant. The report was submitted on a Form 4 and is an insider transaction disclosure.

Collier George C. III, a Meridian Corp (MRBK) director, reported an insider transaction dated 08/07/2025. The Form 4 shows an acquisition of 10,500 shares of common stock at $7.62 per share, and the report lists 66,036 shares as beneficially owned following the transaction. The filing records the acquisition as associated with stock options and includes related derivative details.

The derivative section shows the exercised options had an exercise price of $7.62, were exercisable from 06/15/2016, and expire on 06/15/2026. The filing includes a note adjusting for a 2/28/2023 two-for-one stock split and describes the options' vesting schedule. The Form 4 was signed by a power of attorney on 08/08/2025.

Meridian Corp. (MRBK) Q2-25 10-Q snapshot: Net income rose 68% YoY to $5.6 million; diluted EPS $0.49 versus $0.30. Net interest income advanced 26% to $21.2 million as loan yields outpaced a 7% drop in funding costs. Non-interest revenue grew 22% to $11.3 million, driven by mortgage banking (+6%), wealth management (+3%) and a 153% surge in SBA loan sales.

The credit provision climbed to $3.8 million (vs. $2.7 million) lifting the allowance to $20.9 million, or 0.99% of loans. Non-interest expense increased 12% but operating leverage improved; pre-tax, pre-provision income nearly doubled to $10.9 million.

Year-to-date, assets expanded 5% to $2.51 billion. Loans grew 3.8% to $2.09 billion and deposits 5.2% to $2.11 billion, with non-interest-bearing balances steady at 11%. Tangible book value rose to about $15.76 per share as equity reached $178 million. Available-for-sale securities carry $9.4 million of unrealized losses, down $0.7 million from year-end, and no ACL was recorded on the bond portfolio.

Capital ratios remain comfortably above regulatory minimums and the board maintained its $0.125 quarterly dividend (cumulative $0.25 YTD). Management reports stable asset quality with low 90-day past-due balances and no material credit deterioration disclosed.

Meridian Corp (MRBK) – Form 4 insider filing: Director Edward J. Hollin exercised three tranches of employee stock options on 08/01/2025, acquiring a total of 400 common shares.

• Strike prices: 100 shares at $10.44, 200 shares at $9.00, and 100 shares at $6.74.
• All transactions coded “M” (option exercise), with no accompanying share sales.
• Post-exercise, Hollin’s direct ownership increased to 51,026 common shares.
• The related option positions are now fully depleted (0 remaining) and had original grant dates of 02/05/2020, 11/04/2020, and 04/02/2020, each expiring in 2030.
• Option share quantities reflect Meridian’s 2-for-1 split on 02/28/2023.

No cash proceeds, sales, or new derivative awards were disclosed. Given the small size relative to Meridian’s float, the transaction appears routine and is unlikely to materially affect valuation or control.