Meridian (MRBK) DEF 14A 12 Apr 23 Definitive proxy Financial data

Cover

Cover	12 Months Ended
	Dec. 31, 2022
Document Information [Line Items]
Document Type	DEF 14A
Amendment Flag	false
Entity Information [Line Items]
Entity Registrant Name	MERIDIAN CORPORATION
Entity Central Index Key	0001750735

Pay vs Performance Disclosure

Pay vs Performance Disclosure	12 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Pay vs Performance Disclosure [Table]
Pay vs Performance [Table Text Block]	Pay vs. Performance The Corporation believes that executive compensation should be structured in a way that aligns with long-term shareholder value. The following table illustrates compensation actually paid for our Principal Executive Officer and other NEOs as a group and how that correlates with the Corporations’s listed performance measures: Year ​ ​ Summary (1) ​ ​ Compensation (1) ​ ​ Average (2) ​ ​ Average (2) ​ ​ Value of Initial ​ ​ Net Income ​ ​ Return on ​ 2022 ​ ​ ​ $ 1,300,325 ​ ​ ​ ​ $ 1,304,148 ​ ​ ​ ​ $ 437,882 ​ ​ ​ ​ $ 413,505 ​ ​ ​ ​ $ 87 ​ ​ ​ ​ $ 21.8 ​ ​ ​ ​ ​ 13.87 % ​ ​ 2021 ​ ​ ​ $ 2,186,398 ​ ​ ​ ​ $ 2,167,986 ​ ​ ​ ​ $ 558,896 ​ ​ ​ ​ $ 556,403 ​ ​ ​ ​ $ 190 ​ ​ ​ ​ $ 35.6 ​ ​ ​ ​ ​ 23.74 % ​ ​ ​ (1) The Corporation’s Principal Executive Officer (“PEO”) is Christopher J. Annas. ​ (2) The Corporation’s current Non-PEO NEOs consist of Denise Lindsay, Joseph L. Cafarchio and Charles D. Kochka. ​ Below is a summary of the adjustments used to determine compensation “actually paid” for the Corporation’s PEO and Non-PEO NEOs: ​ ​ ​ 2022 ​ ​ 2021 ​ ​ ​ ​ Non-PEO ​ ​ Non-PEO ​ ​ ​ ​ PEO ($) ​ ​ NEO’s ($) ​ ​ PEO ($) ​ ​ NEO’s ($) ​ Summary Compensation Table Total ​ ​ ​ $ 1,300,325 ​ ​ ​ ​ $ 437,882 ​ ​ ​ ​ $ 2,186,398 ​ ​ ​ ​ $ 558,896 ​ ​ Adjustments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less: Grant date value of equity awards ​ ​ ​ ​ (284,126 ) ​ ​ ​ ​ ​ (91,183 ) ​ ​ ​ ​ ​ (192,255 ) ​ ​ ​ ​ ​ (71,135 ) ​ ​ Year-end fair value of current year awards, unvested ​ ​ ​ ​ 223,350 ​ ​ ​ ​ ​ 48,132 ​ ​ ​ ​ ​ 130,905 ​ ​ ​ ​ ​ 52,768 ​ ​ Fair value of awards granted and vested in current year ​ ​ ​ ​ 58,145 ​ ​ ​ ​ ​ 16,801 ​ ​ ​ ​ ​ 45,465 ​ ​ ​ ​ ​ 16,742 ​ ​ Year-over-year change in fair value of awards granted prior ​ ​ ​ ​ 11,805 ​ ​ ​ ​ ​ 4,649 ​ ​ ​ ​ ​ (911 ) ​ ​ ​ ​ ​ (342 ) ​ ​ Year-over-year change in fair value of awards granted prior ​ ​ ​ ​ (5,351 ) ​ ​ ​ ​ ​ (2,776 ) ​ ​ ​ ​ ​ (1,616 ) ​ ​ ​ ​ ​ (526 ) ​ ​ Compensation Actually Paid ​ ​ ​ $ 1,304,148 ​ ​ ​ ​ $ 413,505 ​ ​ ​ ​ $ 2,167,986 ​ ​ ​ ​ $ 556,403 ​ ​
Company Selected Measure Name	Return on Average Equity
Named Executive Officers, Footnote [Text Block]	(1) The Corporation’s Principal Executive Officer (“PEO”) is Christopher J. Annas. ​ (2) The Corporation’s current Non-PEO NEOs consist of Denise Lindsay, Joseph L. Cafarchio and Charles D. Kochka.
PEO Total Compensation Amount	$ 1,300,325	$ 2,186,398
PEO Actually Paid Compensation Amount	$ 1,304,148	2,167,986
Adjustment To PEO Compensation, Footnote [Text Block]	Below is a summary of the adjustments used to determine compensation “actually paid” for the Corporation’s PEO and Non-PEO NEOs: ​ ​ ​ 2022 ​ ​ 2021 ​ ​ ​ ​ Non-PEO ​ ​ Non-PEO ​ ​ ​ ​ PEO ($) ​ ​ NEO’s ($) ​ ​ PEO ($) ​ ​ NEO’s ($) ​ Summary Compensation Table Total ​ ​ ​ $ 1,300,325 ​ ​ ​ ​ $ 437,882 ​ ​ ​ ​ $ 2,186,398 ​ ​ ​ ​ $ 558,896 ​ ​ Adjustments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less: Grant date value of equity awards ​ ​ ​ ​ (284,126 ) ​ ​ ​ ​ ​ (91,183 ) ​ ​ ​ ​ ​ (192,255 ) ​ ​ ​ ​ ​ (71,135 ) ​ ​ Year-end fair value of current year awards, unvested ​ ​ ​ ​ 223,350 ​ ​ ​ ​ ​ 48,132 ​ ​ ​ ​ ​ 130,905 ​ ​ ​ ​ ​ 52,768 ​ ​ Fair value of awards granted and vested in current year ​ ​ ​ ​ 58,145 ​ ​ ​ ​ ​ 16,801 ​ ​ ​ ​ ​ 45,465 ​ ​ ​ ​ ​ 16,742 ​ ​ Year-over-year change in fair value of awards granted prior ​ ​ ​ ​ 11,805 ​ ​ ​ ​ ​ 4,649 ​ ​ ​ ​ ​ (911 ) ​ ​ ​ ​ ​ (342 ) ​ ​ Year-over-year change in fair value of awards granted prior ​ ​ ​ ​ (5,351 ) ​ ​ ​ ​ ​ (2,776 ) ​ ​ ​ ​ ​ (1,616 ) ​ ​ ​ ​ ​ (526 ) ​ ​ Compensation Actually Paid ​ ​ ​ $ 1,304,148 ​ ​ ​ ​ $ 413,505 ​ ​ ​ ​ $ 2,167,986 ​ ​ ​ ​ $ 556,403 ​ ​
Non-PEO NEO Average Total Compensation Amount	$ 437,882	558,896
Non-PEO NEO Average Compensation Actually Paid Amount	$ 413,505	556,403
Adjustment to Non-PEO NEO Compensation Footnote [Text Block]	Below is a summary of the adjustments used to determine compensation “actually paid” for the Corporation’s PEO and Non-PEO NEOs: ​ ​ ​ 2022 ​ ​ 2021 ​ ​ ​ ​ Non-PEO ​ ​ Non-PEO ​ ​ ​ ​ PEO ($) ​ ​ NEO’s ($) ​ ​ PEO ($) ​ ​ NEO’s ($) ​ Summary Compensation Table Total ​ ​ ​ $ 1,300,325 ​ ​ ​ ​ $ 437,882 ​ ​ ​ ​ $ 2,186,398 ​ ​ ​ ​ $ 558,896 ​ ​ Adjustments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less: Grant date value of equity awards ​ ​ ​ ​ (284,126 ) ​ ​ ​ ​ ​ (91,183 ) ​ ​ ​ ​ ​ (192,255 ) ​ ​ ​ ​ ​ (71,135 ) ​ ​ Year-end fair value of current year awards, unvested ​ ​ ​ ​ 223,350 ​ ​ ​ ​ ​ 48,132 ​ ​ ​ ​ ​ 130,905 ​ ​ ​ ​ ​ 52,768 ​ ​ Fair value of awards granted and vested in current year ​ ​ ​ ​ 58,145 ​ ​ ​ ​ ​ 16,801 ​ ​ ​ ​ ​ 45,465 ​ ​ ​ ​ ​ 16,742 ​ ​ Year-over-year change in fair value of awards granted prior ​ ​ ​ ​ 11,805 ​ ​ ​ ​ ​ 4,649 ​ ​ ​ ​ ​ (911 ) ​ ​ ​ ​ ​ (342 ) ​ ​ Year-over-year change in fair value of awards granted prior ​ ​ ​ ​ (5,351 ) ​ ​ ​ ​ ​ (2,776 ) ​ ​ ​ ​ ​ (1,616 ) ​ ​ ​ ​ ​ (526 ) ​ ​ Compensation Actually Paid ​ ​ ​ $ 1,304,148 ​ ​ ​ ​ $ 413,505 ​ ​ ​ ​ $ 2,167,986 ​ ​ ​ ​ $ 556,403 ​ ​
Total Shareholder Return Amount	$ 87	190
Net Income (Loss)	$ 21,800,000	$ 35,600,000
Company Selected Measure Amount	13.87	23.74
PEO [Member] | Equity Awards Value In Summary Compensation Table (Grant Date Value) [Member]
Pay vs Performance Disclosure [Table]
Adjustment to Compensation Amount	$ (284,126)	$ (192,255)
PEO [Member] | Year-end Fair Value Of Awards Granted In The Current Fiscal Year Unvested [Member]
Pay vs Performance Disclosure [Table]
Adjustment to Compensation Amount	223,350	130,905
PEO [Member] | Change In Fair Value As Of Vesting Date Of Awards Vested During Current Year [Member]
Pay vs Performance Disclosure [Table]
Adjustment to Compensation Amount	58,145	45,465
PEO [Member] | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member]
Pay vs Performance Disclosure [Table]
Adjustment to Compensation Amount	11,805	(911)
PEO [Member] | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member]
Pay vs Performance Disclosure [Table]
Adjustment to Compensation Amount	(5,351)	(1,616)
Non-PEO NEO [Member] | Equity Awards Value In Summary Compensation Table (Grant Date Value) [Member]
Pay vs Performance Disclosure [Table]
Adjustment to Compensation Amount	(91,183)	(71,135)
Non-PEO NEO [Member] | Year-end Fair Value Of Awards Granted In The Current Fiscal Year Unvested [Member]
Pay vs Performance Disclosure [Table]
Adjustment to Compensation Amount	48,132	52,768
Non-PEO NEO [Member] | Change In Fair Value As Of Vesting Date Of Awards Vested During Current Year [Member]
Pay vs Performance Disclosure [Table]
Adjustment to Compensation Amount	16,801	16,742
Non-PEO NEO [Member] | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member]
Pay vs Performance Disclosure [Table]
Adjustment to Compensation Amount	4,649	(342)
Non-PEO NEO [Member] | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member]
Pay vs Performance Disclosure [Table]
Adjustment to Compensation Amount	$ (2,776)	$ (526)