Call reports 2023
MEDALLION BANK — 2023
What MEDALLION BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 2,062,413,000 | 2,223,911,000 | 2,262,139,000 | 2,266,338,000 |
| Total loans | 1,887,627,000 | 2,063,963,000 | 2,101,785,000 | 2,100,338,000 |
| Allowance for loan losses | 65,661,000 | 71,447,000 | 75,094,000 | 79,283,000 |
| Securities available for sale | 48,529,000 | 53,692,000 | 53,175,000 | 54,282,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,699,165,000 | 1,817,827,000 | 1,859,279,000 | 1,871,039,000 |
| Interest-bearing deposits | 1,699,165,000 | 1,817,827,000 | 1,859,279,000 | 1,871,039,000 |
| Noninterest-bearing deposits | 0 | 0 | 0 | 0 |
| Equity capital | 313,755,000 | 325,665,000 | 340,097,000 | 351,792,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 52,925,000 | 111,106,000 | 173,408,000 | 236,738,000 |
| Interest expense | 8,600,000 | 19,937,000 | 33,384,000 | 47,785,000 |
| Net interest income | 44,325,000 | 91,169,000 | 140,024,000 | 188,953,000 |
| Noninterest income | 13,000 | 410,000 | 1,322,000 | 2,007,000 |
| Noninterest expense | 11,316,000 | 23,061,000 | 35,376,000 | 47,396,000 |
| Provision for loan losses | 3,859,000 | 12,717,000 | 26,740,000 | 36,457,000 |
| Pretax income | 29,191,000 | 55,801,000 | 79,176,000 | 107,131,000 |
| Income tax | 7,765,000 | 15,047,000 | 21,268,000 | 27,279,000 |
| Net income | 21,426,000 | 40,754,000 | 57,908,000 | 79,852,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 323,671,000 | 336,488,000 | 352,130,000 | 362,561,000 |
| Total capital | 348,536,000 | 363,589,000 | 379,754,000 | 390,153,000 |
| Risk-weighted assets | 1,948,398,000 | 2,123,720,000 | 2,162,430,000 | 2,155,641,000 |