CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Statement of Cash Flows [Abstract]
Net income	$ 2,399	$ 2,676
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Net amortization of investment premiums and discounts and change in fair value of equity securities	1,069	240
Depreciation and amortization (accretion), net	6	1,780
Provision for credit losses	5,212	2,866
Amortization of issuance costs on subordinated debt	31	31
Stock based compensation	118	142
Net change in fair value of derivative instruments	(149)	(75)
Net change in fair value of loans held for sale	(102)	2
Net change in fair value of loans held for investment	(170)	175
Amortization and net impairment of servicing rights	326	479
SBA loan income	(748)	(986)
Proceeds from sale of loans	148,087	143,457
Loans originated for sale	(140,455)	(144,437)
Mortgage banking income	(3,393)	(3,634)
Increase in accrued interest receivable	(387)	(539)
Decrease (increase) in other assets	4,317	(353)
Earnings from investment in bank owned life insurance	(222)	(207)
Increase in deferred income tax	(646)	(251)
Increase (decrease) in accrued interest payable	544	(1,974)
Increase (decrease) in other liabilities	2,280	(1,098)
Net cash provided by (used in) operating activities	18,117	(1,706)
Activity in available-for-sale securities:
Maturities, repayments and calls	3,198	3,554
Purchases	(14,274)	(9,068)
Activity in held-to-maturity securities:
Maturities, repayments and calls	999	554
Increase in restricted stock	(616)	(488)
Net increase in loans	(40,882)	(71,370)
Purchases of premises and equipment	(259)	(1,910)
Net cash used in investing activities	(51,834)	(78,728)
Cash flows from financing activities:
Net increase in deposits	123,374	77,234
Increase (decrease) in short-term borrowings	6,184	(29,093)
Increase in long-term debt	8,935	0
Repayment of subordinated debt	(13)	0
Dividends paid	(1,408)	(1,400)
Share based awards and exercises	408	23
Net cash provided by financing activities	137,480	46,764
Net change in cash and cash equivalents	103,763	(33,670)
Cash and cash equivalents at beginning of period	27,462	56,697
Cash and cash equivalents at end of period	131,225	23,027
Cash paid during the period for:
Interest	18,848	22,580
Net loans sold, (settled) not settled	$ (1,834)	$ 10,631

Meridian Corp 10-Q