Meridian Corporation · NASDAQ:MRBK
Meridian — Debt Investor Presentation (December 2019)
5 slides from Meridian's debt investor presentation, Dec 18, 2019
Slide 1: Balanced Loan Portfolio
Exhibit 99.2 Balanced Loan September 30, 2019 Portfolio Consumer & Other 0.2% Residential 5.7% Loans HFS 4.9% HELoC 8.5% C&I 28.8% Total Loans: $984.5 Million CRE 36.2% C&D 15.7% Meridian Corporation 14 1)Total loans held for investment and held for sale, net of fees and costs $984.5 million total g
Slide 2: Commercial Loans by Industry
Exhibit 99.2 Commercial Loans September 30, 2019 by Industry Current Balance Percent of Total Number of Loans Administration CPAs and Industry Concentration and Support Retail Trade 2.4% 3.0% Attorneys 1.0% Health Care and Social Assistance 4.0% Finance, Insurance and Real Estate 4.7% Scientific and
Slide 3: Shared National Credits
Exhibit 99.2 Shared National Credits September 30, 2019 7.1% 13.5% .9% 3.0% 3 % 10.4% Total: $80.5 Million 3.6% 7.5% 4.3% 7.5 4.5% 4.9 .3% 4.9% 5.6% Chemicals/Perfo rman ce Materials/Adhesives: 13.5% Construction Equipment: 7.5% Healthcare Equipment & Services: 6.3% Telecommunicatio n: 4.9% Consum e
Slide 4: Double Leverage and Interest Coverage
Exhibit 99.2 Double Leverage and Interest Coverage $ in thousands Meridian Corporation 21 Source: S&P Global Market Intelligence, company documents Assumptions % of Subordinated Debt Net Proceeds Downstreamed to Bank 90% Subordinated Debt Issuance Gross Proceeds Amount $30,000 Subordinated Debt Issu
Slide 5: Estimated Pro Forma Capital Ratios
Exhibit 99.2 Estimated Pro Forma Capital Ratios • • • • $30.0 million gross offering, $29.2 million net of legal and placement agent fees Approximately $7.1 million used to pay down existing bank-level borrowings 90% of net proceeds downstreamed to the Bank as Tier 1 Common Equity 20% risk-weighting
Meridian — Debt Investor Presentation (December 2019) on 6ix