Call reports 2020
MEDALLION BANK — 2020
What MEDALLION BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 1,201,697,000 | 1,320,148,000 | 1,282,691,000 | 1,294,798,000 |
| Total loans | 1,105,918,000 | 1,181,380,000 | 1,206,781,000 | 1,167,748,000 |
| Allowance for loan losses | 66,036,000 | 78,574,000 | 98,446,000 | 65,557,000 |
| Securities available for sale | 46,127,000 | 47,495,000 | 45,991,000 | 46,792,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 962,866,000 | 1,077,995,000 | 1,060,237,000 | 1,068,172,000 |
| Interest-bearing deposits | 962,866,000 | 1,077,995,000 | 1,060,237,000 | 1,068,172,000 |
| Noninterest-bearing deposits | 0 | 0 | 0 | 0 |
| Equity capital | 223,692,000 | 223,482,000 | 207,221,000 | 218,474,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 33,711,000 | 67,715,000 | 104,213,000 | 140,534,000 |
| Interest expense | 5,941,000 | 11,862,000 | 17,316,000 | 22,331,000 |
| Net interest income | 27,770,000 | 55,853,000 | 86,897,000 | 118,203,000 |
| Noninterest income | -4,520,000 | -5,139,000 | -10,562,000 | -17,841,000 |
| Noninterest expense | 8,565,000 | 17,009,000 | 25,411,000 | 33,894,000 |
| Provision for loan losses | 15,271,000 | 31,709,000 | 67,008,000 | 63,048,000 |
| Pretax income | -586,000 | 1,996,000 | -16,061,000 | 3,443,000 |
| Income tax | -150,000 | 611,000 | -4,249,000 | 928,000 |
| Net income | -436,000 | 1,385,000 | -11,812,000 | 2,515,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 223,380,000 | 222,189,000 | 205,981,000 | 217,295,000 |
| Total capital | 238,691,000 | 238,617,000 | 222,945,000 | 233,460,000 |
| Risk-weighted assets | 1,174,118,000 | 1,252,122,000 | 1,275,599,000 | 1,243,783,000 |