Call reports 2008
MEDALLION BANK — 2008
What MEDALLION BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 364,955,000 | 386,960,000 | 415,638,000 | 435,675,000 |
| Total loans | 328,486,000 | 359,878,000 | 382,304,000 | 407,039,000 |
| Allowance for loan losses | 7,705,000 | 8,696,000 | 9,885,000 | 10,936,000 |
| Securities available for sale | 18,422,000 | 21,014,000 | 19,730,000 | 20,088,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 303,015,000 | 320,719,000 | 348,226,000 | 366,508,000 |
| Interest-bearing deposits | 303,015,000 | 320,719,000 | 348,226,000 | 366,508,000 |
| Noninterest-bearing deposits | 0 | 0 | 0 | 0 |
| Equity capital | 55,117,000 | 58,143,000 | 60,811,000 | 63,768,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 9,365,000 | 19,599,000 | 30,657,000 | 41,829,000 |
| Interest expense | 3,686,000 | 7,315,000 | 11,042,000 | 14,934,000 |
| Net interest income | 5,679,000 | 12,284,000 | 19,615,000 | 26,895,000 |
| Noninterest income | 26,000 | 52,000 | 98,000 | -71,000 |
| Noninterest expense | 1,859,000 | 3,906,000 | 6,015,000 | 8,559,000 |
| Provision for loan losses | 2,023,000 | 3,795,000 | 7,142,000 | 11,300,000 |
| Pretax income | 1,823,000 | 4,635,000 | 6,556,000 | 6,965,000 |
| Income tax | 685,000 | 1,746,000 | 2,620,000 | 2,776,000 |
| Net income | 1,138,000 | 2,889,000 | 3,936,000 | 4,189,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 55,006,000 | 58,258,000 | 60,805,000 | 63,808,000 |
| Total capital | 59,294,000 | 62,927,000 | 65,788,000 | 69,105,000 |
| Risk-weighted assets | 339,644,000 | 369,472,000 | 393,710,000 | 418,089,000 |