Partnership aims to improve access to doula care and address the cultural needs of Medicaid members during pregnancy and postpartum DETROIT, Sept. 19, 2024 /PRNewswire/ -- Meridian, a leading managed care organization in the state of Michigan and a Centene Corporation company (NYSE: CNC), has partnered with Mae, a culturally responsive digital solution built to address the specific clinical, social and cultural needs of underserved expectant mothers, to provide supplementary support for the maternal health ...

9 c MERIDIAN CORPORATION AND SUBSIDIARIES APPENDIX: NON-GAAP MEASURES (Unaudited) (Dollar amounts and shares in thousands, except per share amounts) Meridian believes that non-GAAP measures are meaningful because they reflect adjustments commonly made by management, investors, regulators and analysts. The non-GAAP disclosure have limitations as an analytical tool, should not be viewed as a substitute for performance and financial condition measures determined in accordance with GAAP, and should not be consi ...

Meridian Bank, which belongs to the Zacks Banks - Northeast industry, posted revenues of $26.09 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 2.03%. This compares to year-ago revenues of $26.22 million. The company has topped consensus revenue estimates three times over the last four quarters. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely ...

Christopher J. Annas, Chairman and CEO commented: Income Statement - Second Quarter 2024 Compared to First Quarter 2024 Average total loans, excluding residential loans for sale, increased $28.5 million resulting in an increase in interest income of $517 thousand. The largest drivers of this increase were commercial, commercial real estate, and small business loans which on a combined basis increased $36.0 million on average, partially offset by a decrease in average leases of $13.2 million. Home equity, re ...

Meridian Bank, the wholly owned subsidiary of Meridian Corporation, is an innovative community bank serving Pennsylvania, New Jersey, Delaware and Maryland. Through its 17 offices, including banking branches and mortgage locations, Meridian offers a full suite of financial products and services. Meridian specializes in business and industrial lending, retail and commercial real estate lending, electronic payments, and wealth management solutions through Meridian Wealth Partners. Meridian also offers a broad ...

PART I FINANCIAL INFORMATION [Item 1 Financial Statements (Unaudited)](index=3&type=section&id=Item%201%20Financial%20Statements%20(Unaudited)) This section presents Meridian Corporation's unaudited consolidated financial statements for Q1 2024, including balance sheets, income, comprehensive income, equity, and cash flow statements, with detailed notes [Consolidated Balance Sheets](index=5&type=section&id=Consolidated%20Balance%20Sheets) Total assets grew to **$2.29 billion** as of March 31, 2024, from **$2.25 billion** at year-end 2023, driven by a net increase in loans, funded by an increase in total deposits to **$1.90 billion** Consolidated Balance Sheet Highlights (in thousands) | Account | March 31, 2024 | December 31, 2023 | | :--- | :--- | :--- | | **Total Assets** | **$2,292,923** | **$2,246,193** | | Cash and cash equivalents | $23,027 | $56,697 | | Loans, net | $1,933,144 | $1,873,699 | | **Total Liabilities** | **$2,132,987** | **$2,088,171** | | Total deposits | $1,900,696 | $1,823,462 | | Borrowings | $145,803 | $174,896 | | **Total Stockholders' Equity** | **$159,936** | **$158,022** | [Consolidated Statements of Income](index=6&type=section&id=Consolidated%20Statements%20of%20Income) For Q1 2024, net income decreased to **$2.7 million** from **$4.0 million** in Q1 2023, primarily due to increased interest expense outpacing income growth and a doubled provision for credit losses Q1 2024 vs Q1 2023 Income Statement (in thousands, except per share data) | Metric | Q1 2024 | Q1 2023 | | :--- | :--- | :--- | | Net Interest Income | $16,609 | $17,677 | | Provision for credit losses | $2,866 | $1,399 | | Non-interest income | $7,984 | $6,638 | | Non-interest expense | $18,174 | $17,789 | | **Net Income** | **$2,676** | **$4,021** | | Diluted EPS | $0.24 | $0.34 | [Consolidated Statements of Comprehensive Income](index=7&type=section&id=Consolidated%20Statements%20of%20Comprehensive%20Income) Total comprehensive income for Q1 2024 was **$3.1 million**, down from **$5.7 million** in Q1 2023, including **$2.7 million** net income and **$0.5 million** other comprehensive income from unrealized gains on interest rate swaps Comprehensive Income Summary (in thousands) | Component | Q1 2024 | Q1 2023 | | :--- | :--- | :--- | | Net Income | $2,676 | $4,021 | | Total Other Comprehensive Income | $473 | $1,670 | | **Total Comprehensive Income** | **$3,149** | **$5,691** | [Consolidated Statements of Stockholders' Equity](index=8&type=section&id=Consolidated%20Statements%20of%20Stockholders'%20Equity) Stockholders' equity increased to **$159.9 million** by March 31, 2024, driven by **$2.7 million** net income and **$0.5 million** other comprehensive income, partially offset by **$1.4 million** in dividends - Key changes in stockholders' equity for Q1 2024 included **$2.7 million** in net income, **$0.5 million** in other comprehensive income, and **$1.4 million** in dividends declared (**$0.125 per share**)[19](index=19&type=chunk) [Consolidated Statements of Cash Flows](index=9&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) Cash and cash equivalents decreased by **$33.7 million** in Q1 2024 due to cash outflows from operating (**$1.7 million**) and investing (**$78.7 million**) activities, partially offset by financing inflows (**$46.8 million**) from increased deposits Cash Flow Summary (in thousands) | Activity | Q1 2024 | Q1 2023 | | :--- | :--- | :--- | | Net cash used in operating activities | $(1,706) | $(11,400) | | Net cash used in investing activities | $(78,728) | $(84,198) | | Net cash provided by financing activities | $46,764 | $165,710 | | **Net change in cash and cash equivalents** | **$(33,670)** | **$70,112** | [Notes to Consolidated Financial Statements (Unaudited)](index=11&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements%20(Unaudited)) This section details accounting policies, securities, loan portfolio, credit losses, borrowings, fair value, and segment reporting, including investment portfolio unrealized losses, nonaccrual loans, and allowance for credit losses - The investment portfolio's unrealized loss position of **$11.3 million** at March 31, 2024, is primarily attributed to changes in market interest rates rather than credit impairment[37](index=37&type=chunk) - Nonaccrual loans increased to **$38.2 million** as of March 31, 2024, from **$33.8 million** at December 31, 2023[46](index=46&type=chunk)[47](index=47&type=chunk) - The allowance for credit losses (ACL) increased to **$23.2 million** at March 31, 2024, from **$22.1 million** at year-end 2023, with a provision of **$3.4 million** and net charge-offs of **$2.3 million** during the quarter[56](index=56&type=chunk) [Item 2 Management's Discussion and Analysis of Financial Condition and Results of Operations](index=36&type=section&id=Item%202%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses Q1 2024 financial results, highlighting a decrease in net income to **$2.7 million** due to net interest margin compression and higher credit loss provisions, covering asset quality, income, expenses, balance sheet, capital, and segment performance - Net income for Q1 2024 was **$2.7 million** (**$0.24 per diluted share**), down **33.4%** from Q1 2023, driven by increased interest expense and a higher provision for credit losses[140](index=140&type=chunk) - Net interest margin decreased to **3.09%** in Q1 2024 from **3.61%** in Q1 2023 due to deposit and borrowing repricing outpacing the repricing of interest-earning assets[140](index=140&type=chunk) - Total assets grew by **2.1%** to **$2.3 billion**, primarily from a **3.3%** increase in portfolio loans, funded by a **4.2%** increase in total deposits[140](index=140&type=chunk) [Net Interest Income](index=39&type=section&id=NET%20INTEREST%20INCOME) Net interest income decreased by **$1.1 million** to **$16.6 million** in Q1 2024, as a **$7.3 million** increase in interest expense from higher deposit and borrowing costs more than offset a **$6.3 million** rise in tax-equivalent interest income Net Interest Income and Margin (in thousands) | Metric | Q1 2024 | Q1 2023 | | :--- | :--- | :--- | | Net Interest Income (tax-equivalent) | $16,691 thousand | $17,752 thousand | | Net Interest Margin (tax-equivalent) | 3.09% | 3.61% | - The increase in interest expense was primarily driven by rate changes, which accounted for a **$4.9 million** increase, while volume changes contributed **$2.4 million**[148](index=148&type=chunk) [Provision for Credit Losses and Asset Quality](index=41&type=section&id=PROVISION%20FOR%20CREDIT%20LOSSES) The provision for credit losses increased by **$1.5 million** to **$2.9 million** in Q1 2024, driven by higher specific reserves and loan growth, leading to non-performing assets rising to **1.74%** of total assets - The provision for credit losses increased to **$2.9 million** in Q1 2024 from **$1.4 million** in Q1 2023[57](index=57&type=chunk) - Net charge-offs were **0.12%** of total average loans for Q1 2024, up from **0.08%** in Q1 2023, with a large portion coming from small ticket equipment leases[154](index=154&type=chunk) - The allowance for credit losses to total loans held for investment (non-GAAP) was **1.19%** as of March 31, 2024, slightly up from **1.17%** at December 31, 2023[155](index=155&type=chunk) [Non-Interest Income](index=43&type=section&id=NON-INTEREST%20INCOME) Total non-interest income increased by **20.3%** to **$8.0 million** in Q1 2024, primarily driven by growth in mortgage banking, SBA loan, and wealth management income Non-Interest Income Components (in thousands) | Component | Q1 2024 | Q1 2023 | $ Change | | :--- | :--- | :--- | :--- | | Mortgage banking income | $3,634 | $3,272 | $362 | | Wealth management income | $1,317 | $1,196 | $121 | | SBA loan income | $986 | $713 | $273 | | **Total non-interest income** | **$7,984** | **$6,638** | **$1,346** | [Non-Interest Expense](index=43&type=section&id=NON-INTEREST%20EXPENSE) Total non-interest expense rose slightly by **2.2%** to **$18.2 million** in Q1 2024, mainly due to increased professional fees for loan workout and system conversions, partially offset by reduced salaries and employee benefits Non-Interest Expense Components (in thousands) | Component | Q1 2024 | Q1 2023 | $ Change | | :--- | :--- | :--- | :--- | | Salaries and employee benefits | $10,573 | $11,061 | $(488) | | Professional fees | $1,498 | $823 | $675 | | **Total non-interest expense** | **$18,174** | **$17,789** | **$385** | [Balance Sheet Analysis](index=44&type=section&id=BALANCE%20SHEET%20ANALYSIS) Total assets increased by **$46.7 million** to **$2.3 billion** as of March 31, 2024, driven by **3.3%** growth in portfolio loans, funded by a **4.2%** increase in total deposits with a shift towards higher-yielding accounts - Portfolio loan growth was led by increases in commercial real estate (**$25.5 million**), commercial and industrial loans (**$25.3 million**), and construction loans (**$16.6 million**)[167](index=167&type=chunk) - Time deposits grew by **$75.9 million** (**11.1%**), while noninterest-bearing deposits decreased by **$18.7 million** (**7.8%**)[168](index=168&type=chunk) [Capital and Liquidity](index=45&type=section&id=Capital) The Corporation remains well-capitalized with a Tier 1 leverage ratio of **9.42%** and adequate liquidity, including access to approximately **$1.0 billion** from various sources Bank Capital Ratios | Ratio | March 31, 2024 | Well-Capitalized Minimum | | :--- | :--- | :--- | | Tier 1 leverage ratio | 9.42% | 5.00% | | Total risk-based capital ratio | 10.95% | 10.00% | - Tangible book value per share (non-GAAP) increased to **$13.96** from **$13.78** at year-end 2023[170](index=170&type=chunk) - The company has a maximum borrowing capacity with the FHLB of **$656.0 million** as of March 31, 2024[173](index=173&type=chunk) [Item 3 Quantitative and Qualitative Disclosures about Market Risk](index=47&type=section&id=Item%203%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) The Corporation manages interest rate risk using simulation models, projecting net interest income to increase by **0.73%** with a 100 basis point rate rise and decrease by **1.85%** with a 100 basis point rate fall, indicating an asset-sensitive balance sheet Net Interest Income Sensitivity (12-Month Simulation) | Rate Change | % Change in NII (as of Mar 31, 2024) | | :--- | :--- | | +200 bps | +1.12% | | +100 bps | +0.73% | | -100 bps | -1.85% | | -200 bps | -3.23% | - The economic value of equity (EVE) simulation shows a negative effect from both increases and decreases in rates, with the impact worsening as rates move downward[192](index=192&type=chunk) [Item 4 Controls and Procedures](index=48&type=section&id=Item%204%20Controls%20and%20Procedures) Management concluded that the company's disclosure controls and procedures were effective as of March 31, 2024, with no material changes to internal control over financial reporting during the quarter - The CEO and CFO concluded that the Corporation's disclosure controls and procedures were effective as of March 31, 2024[195](index=195&type=chunk) - No changes in internal control over financial reporting occurred during the quarter that materially affected, or are reasonably likely to materially affect, the Corporation's internal controls[196](index=196&type=chunk) PART II OTHER INFORMATION [Item 1 Legal Proceedings](index=50&type=section&id=Item%201%20Legal%20Proceedings) The Corporation reported no legal proceedings during the period - None[199](index=199&type=chunk) [Item 1A Risk Factors](index=50&type=section&id=Item%201A%20Risk%20Factors) There have been no material changes to the risk factors previously disclosed in the Corporation's Annual Report on Form 10-K for the year ended December 31, 2023 - No material changes from the risk factors disclosed in the 2023 Form 10-K[199](index=199&type=chunk) [Item 2 Unregistered Sales of Equity Securities and Use of Proceeds](index=50&type=section&id=Item%202%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The Corporation reported no unregistered sales of equity securities or use of proceeds during the period - None[200](index=200&type=chunk) [Item 5 Other Information](index=50&type=section&id=Item%205%20Other%20Information) The Corporation reported no other information required to be disclosed under this item - None[203](index=203&type=chunk) [Item 6 Exhibits](index=51&type=section&id=Item%206%20Exhibits) This section lists the exhibits filed with the Form 10-Q, including certifications by the Principal Executive Officer and Principal Financial Officer, and XBRL data files - Exhibits filed include CEO and CFO certifications (**31.1, 31.2, 32**) and XBRL interactive data files[206](index=206&type=chunk)

MALVERN, Pa., May 08, 2024 (GLOBE NEWSWIRE) -- Meridian Bank announced the appointment of Christopher E. McDermott to the position of Senior Vice President, Commercial Lending. He'll join other members of the Meridian Commercial Lending Team in serving business customers in Bucks and Montgomery Counties. Chris began his long banking career right out of high school. He started as a clerk at Girard Bank and advanced through that organization while he simultaneously earned his degree in finance from LaSalle Co ...

Meridian Bank (MRBK) came out with quarterly earnings of $0.24 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.34 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.35%. A quarter ago, it was expected that this company would post earnings of $0.30 per share when it actually produced earnings of $0.05, delivering a surprise of -83.33%.Over the last four quarters, the company ha ...

[Meridian Corporation Q1 2024 Earnings Release](index=1&type=section&id=Meridian%20Corporation%20Q1%202024%20Earnings%20Release) This report details Meridian Corporation's Q1 2024 financial performance, including earnings, balance sheet analysis, and segment results [Financial & Operational Highlights](index=1&type=section&id=Financial%20%26%20Operational%20Highlights) The company reported improved Q1 2024 net income of $2.7 million, driven by operational successes despite net interest margin contraction Q1 2024 Key Financial Results | Metric | Q1 2024 | Q4 2023 | Q1 2023 | | :--- | :--- | :--- | :--- | | Net Income | $2,676 thousand | $571 thousand | $4,021 thousand | | Diluted EPS | $0.24 | $0.05 | $0.34 | | Pre-tax, pre-provision income (Non-GAAP) | $6,419 thousand | $5,356 thousand | $6,526 thousand | - CEO Christopher J. Annas noted that Q1 earnings **improved measurably** from the last quarter, despite the **net interest margin contracting to 3.09%**, which is now showing signs of stabilizing[2](index=2&type=chunk) - Commercial loans (excluding leases) grew by **$137.1 million, or 10%, year-over-year**, and total assets stood at **$2.3 billion** as of March 31, 2024[6](index=6&type=chunk) - The Board of Directors declared a quarterly cash dividend of **$0.125 per common share**, payable on May 20, 2024[6](index=6&type=chunk) [Detailed Financial Analysis](index=3&type=section&id=Detailed%20Financial%20Analysis) The analysis details income statement and balance sheet changes, highlighting drivers of net income and shifts in asset quality [Income Statement Analysis (Q1 2024 vs. Q4 2023)](index=3&type=section&id=Income%20Statement%20Analysis%20(Q1%202024%20vs.%20Q4%202023)) Q1 2024 net income rose by $2.1 million, primarily due to lower credit provisions and non-interest expenses - Net income **increased by $2.1 million** quarter-over-quarter, mainly due to a decline in the provision for credit losses and a reduction in non-interest expenses[9](index=9&type=chunk) [Net Interest Income](index=4&type=section&id=Net%20Interest%20Income) Net interest income decreased slightly as rising interest expense outpaced interest income growth, compressing the net interest margin Change in Net Interest Income (Q1 2024 vs Q4 2023) | Component | Change ($ thousands) | Primary Driver | | :--- | :--- | :--- | | Total Interest Income | +$878 | Volume (+853) | | Total Interest Expense | +$1,202 | Volume (+846) & Rate (+356) | | **Net Interest Income** | **-$324** | **Rate (-$331)** | - The net interest margin **decreased by 9 basis points to 3.09%** as the increase in the cost of funds outpaced the increase in yield on earning assets[16](index=16&type=chunk) - Total interest expense **increased by $1.2 million QoQ**, driven by a $586 thousand increase in deposit interest expense and a $616 thousand increase in borrowing interest expense[15](index=15&type=chunk) [Provision for Credit Losses](index=4&type=section&id=Provision%20for%20Credit%20Losses) The provision for credit losses decreased significantly to $2.9 million from $4.6 million in the prior quarter - The combined provision for credit losses **decreased to $2.9 million in Q1 2024 from $4.6 million in Q4 2023**, positively impacted by favorable changes in portfolio baseline loss rates and some macroeconomic factors[17](index=17&type=chunk) [Non-interest Income](index=6&type=section&id=Non-interest%20Income) Non-interest income slightly decreased to $8.0 million due to a negative fair value adjustment on loans Key Non-interest Income Components (Q1 2024 vs Q4 2023) | Component | Q1 2024 ($ thousands) | Q4 2023 ($ thousands) | Change (%) | | :--- | :--- | :--- | :--- | | Mortgage banking income | 3,634 | 3,394 | +7.1% | | Net change in fair value of loans held-for-investment | (175) | 805 | -121.7% | | Other | 1,961 | 1,512 | +29.7% | | **Total non-interest income** | **7,984** | **8,117** | **-1.6%** | [Non-interest Expense](index=6&type=section&id=Non-interest%20Expense) Total non-interest expense declined by $1.5 million, driven by a significant reduction in salaries and employee benefits Key Non-interest Expense Components (Q1 2024 vs Q4 2023) | Component | Q1 2024 ($ thousands) | Q4 2023 ($ thousands) | Change (%) | | :--- | :--- | :--- | :--- | | Salaries and employee benefits | 10,573 | 11,744 | -10.0% | | Professional fees | 1,498 | 1,382 | +8.4% | | **Total non-interest expense** | **18,174** | **19,703** | **-7.8%** | - The decrease in salaries and benefits was driven by a **$641 thousand reduction** in the bank and wealth segments and a **$530 thousand decrease** in the mortgage segment[21](index=21&type=chunk) [Balance Sheet Analysis (March 31, 2024 vs. December 31, 2023)](index=8&type=section&id=Balance%20Sheet%20Analysis%20(March%2031,%202024%20vs.%20December%2031,%202023)) Total assets grew to $2.3 billion, fueled by strong loan growth funded through an increase in total deposits - Portfolio loan growth was **$61.6 million (3.3%) QoQ**, led by increases in commercial mortgage loans (+$25.5M), commercial & industrial loans (+$25.3M), and construction loans (+$16.6M)[24](index=24&type=chunk) - Total deposits **increased by $77.2 million (4.2%) QoQ**, largely due to a $75.9 million increase in time deposits from wholesale efforts[25](index=25&type=chunk) - Borrowings **decreased by $29.1 million (16.6%) QoQ**, mainly due to the maturity of the Federal Reserve's BTFP facility[25](index=25&type=chunk) [Asset Quality](index=8&type=section&id=Asset%20Quality) Asset quality metrics showed slight deterioration, with the non-performing loans to total loans ratio increasing to 1.93% Asset Quality Ratios | Metric | March 31, 2024 | December 31, 2023 | | :--- | :--- | :--- | | Non-performing loans to total loans | 1.93% | 1.76% | | Non-performing assets to total assets | 1.74% | 1.58% | | Net charge-offs to average loans (annualized) | 0.12% | 0.11% | - Non-performing loans **increased by $4.5 million to $38.2 million**, primarily due to risk rating downgrades of several SBA loans and small ticket equipment leases[27](index=27&type=chunk) - The allowance for credit losses to total loans held for investment was **1.19% as of March 31, 2024**, compared to 1.17% as of December 31, 2023[29](index=29&type=chunk) [Financial Statements and Data](index=11&type=section&id=Financial%20Statements%20and%20Data) This section provides detailed unaudited financial statements, key ratios, and segment-level data for the quarter [Key Financial Ratios](index=11&type=section&id=Key%20Financial%20Ratios) A summary of key performance, asset quality, and capital ratios highlights a 0.47% ROA and 3.09% NIM for Q1 2024 Selected Performance Ratios (Q1 2024) | Ratio | Q1 2024 | | :--- | :--- | | Return on average assets | 0.47% | | Return on average equity | 6.73% | | Net interest margin (tax-equivalent) | 3.09% | | Efficiency ratio | 73.90% | [Condensed Consolidated Statements of Income](index=12&type=section&id=Condensed%20Consolidated%20Statements%20of%20Income) The income statement details revenues and expenses for Q1 2024, showing a net income of $2.7 million - The full unaudited Condensed Consolidated Statements of Income for the three months ended March 31, 2024, December 31, 2023, and March 31, 2023 are provided[37](index=37&type=chunk) [Condensed Consolidated Statements of Condition](index=13&type=section&id=Condensed%20Consolidated%20Statements%20of%20Condition) The balance sheet presents assets, liabilities, and equity, with total assets reaching $2.3 billion at quarter-end - The full unaudited Condensed Consolidated Statements of Condition as of March 31, 2024 and four preceding quarters are provided[39](index=39&type=chunk) [Segment Information](index=15&type=section&id=Segment%20Information) Financial performance is detailed by Bank, Wealth, and Mortgage segments, with the Mortgage segment showing an improved loss Income (Loss) Before Income Taxes by Segment (Q1 2024) | Segment | Q1 2024 ($ thousands) | Q1 2023 ($ thousands) | | :--- | :--- | :--- | | Bank | 3,540 | 6,959 | | Wealth | 478 | 231 | | Mortgage | (465) | (2,063) | | **Total** | **3,553** | **5,127** | [Appendix: Non-GAAP Measures](index=16&type=section&id=Appendix%3A%20Non-GAAP%20Measures) This appendix provides reconciliations of non-GAAP financial measures to their comparable GAAP counterparts for clarity - Provides a reconciliation of GAAP income before income tax expense to the non-GAAP measure of Pre-tax, pre-provision income[44](index=44&type=chunk) - Includes a reconciliation of the GAAP allowance for credit losses to loans ratio to a non-GAAP ratio that excludes loans carried at fair value[46](index=46&type=chunk) - Details the calculation of non-GAAP tangible common equity and tangible book value per share by removing goodwill and intangible assets from GAAP stockholders' equity[47](index=47&type=chunk)[49](index=49&type=chunk)

MALVERN, Pa., April 26, 2024 (GLOBE NEWSWIRE) -- Meridian Corporation (NASDAQ:MRBK) today reported:  Three Months Ended (Dollars in thousands, except per share data)((Unaudited)March 31,2024 December 31,2023 March 31,2023 Income:       Net income$2,676 $571 $4,021 Diluted earnings per common share$0.24 $0.05 $0.34 Pre-tax, pre-provision income (1)$6,419 $5,356 $6,526 Pre-tax, pre-provision income - Bank (1)$6,406 $5,757 $8,358 (1) See Non-GAAP reconciliation in the Appendix       Commercial loans, excluding ...