Prime Meridian Bank

Overview / Commentary

www.primemeridianbank.com

850-907-2300

1897 Capital Circle, Ne
Tallahassee, FL 32308

Prime Meridian Bank is headquartered in Tallahassee and is the 37^th largest bank in the state of Florida. It is also the 1,373^rd largest bank in the nation. It was established in 2008 and as of June of 2020, it had grown to 89 employees at 4 locations. Prime Meridian Bank has an A health rating.

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Health

Data as of Q2 2020

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Health Grade Components

Overall
FDIC Certificate #	58694
Year Established	2008
Employees	89
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.6%
Return on Equity - YTD	6.55%
Annual Interest Income	$10.4MM

Assets and Liabilities
Assets	Q2 2020vs Q2 2019	$602.1MM$450.6MM
Loans	Q2 2020vs Q2 2019	$451.5MM$306.2MM
Deposits	Q2 2020vs Q2 2019	$543.0MM$405.2MM
Equity Capital	Q2 2020vs Q2 2019	$53.8MM$40.0MM
Loan Loss Allowance	Q2 2020vs Q2 2019	$5.2MM$4.0MM
Unbacked Noncurrent Loans	Q2 2020vs Q2 2019	$1.8MM$2.0MM
Real Estate Owned	Q2 2020vs Q2 2019	$234.00K$0

Rates

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Savings
Money Market
Checking
CD

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Prime Meridian Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.05%	-	-	Business Savings Account
0.05%	-	-	Personal Savings
0.05%	-	-	Minor Account

Prime Meridian Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.45%^*	$1m^*	-	Business Money Market
OTHER TIERS: 0.05% → Up to $1.5k \| 0.10% → $1.5k - $25k \| 0.15% → $25k - $100k \| 0.25% → $100k - $500k \| 0.35% → $500k - $1m
0.45%^*	$1m^*	-	Money Market
OTHER TIERS: 0.05% → Up to $1.5k \| 0.10% → $1.5k - $25k \| 0.15% → $25k - $100k \| 0.25% → $100k - $500k \| 0.35% → $500k - $1m

Prime Meridian Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.10%^*	$200k^*	-	Prime Advantage
OTHER TIERS: 0.05% → $100 - $200k
0.10%^*	$200k^*	-	Prime 50
OTHER TIERS: 0.05% → $100 - $200k
0.05%	-	-	Business NOW Checking

Prime Meridian Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.50%	$500	-	Business 48 Month CD
0.50%	$500	-	48 Month CD
0.50%^*	$50k^*	-	15 Month CD Special
OTHER TIERS: 0.30% → $25k - $50k
0.50%^*	$50k^*	-	Business 15 Month CD Special
OTHER TIERS: 0.30% → $25k - $50k
0.45%	$500	-	Business 36 Month CD
0.45%	$500	-	36 Month CD
0.30%	$500	-	Business 24 Month CD
0.30%	$500	-	24 Month CD
0.25%	$500	-	Business 18 Month CD
0.25%	$500	-	18 Month CD
0.20%	$1k	-	Business 12 Month CD
0.20%	$1k	-	12 Month CD
0.15%	$1k	-	Business 6 Month CD
0.15%	$1k	-	6 Month CD
0.10%	$1k	-	3 Month CD

Locations

Prime Meridian Bank Locations
Prime Meridian Bank	1471 Timberlane Road	Tallahassee, FL 32312
Crawfordville Office	2201 Crawfordville Highway	Crawfordville, FL 32327
Prime Meridian Bank Lakeland Office	3340 South Florida Avenue	Lakeland, FL 33803

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