Call reports 2024
MEDALLION BANK — 2024
What MEDALLION BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 2,310,801,000 | 2,448,015,000 | 2,572,332,000 | 2,553,691,000 |
| Total loans | 2,121,180,000 | 2,274,739,000 | 2,374,673,000 | 2,377,839,000 |
| Allowance for loan losses | 78,648,000 | 84,213,000 | 90,784,000 | 91,638,000 |
| Securities available for sale | 53,038,000 | 55,830,000 | 56,754,000 | 54,805,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,883,446,000 | 2,011,506,000 | 2,112,953,000 | 2,094,763,000 |
| Interest-bearing deposits | 1,883,446,000 | 2,011,506,000 | 2,112,953,000 | 2,094,763,000 |
| Noninterest-bearing deposits | 0 | 0 | 0 | 0 |
| Equity capital | 358,610,000 | 366,235,000 | 375,700,000 | 382,376,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 62,944,000 | 129,667,000 | 201,758,000 | 274,679,000 |
| Interest expense | 14,753,000 | 31,278,000 | 50,470,000 | 70,510,000 |
| Net interest income | 48,191,000 | 98,389,000 | 151,288,000 | 204,169,000 |
| Noninterest income | 644,000 | 1,557,000 | 2,400,000 | 2,690,000 |
| Noninterest expense | 11,889,000 | 24,292,000 | 36,804,000 | 49,793,000 |
| Provision for loan losses | 17,003,000 | 35,192,000 | 55,345,000 | 75,845,000 |
| Pretax income | 19,924,000 | 40,436,000 | 61,576,000 | 81,204,000 |
| Income tax | 5,445,000 | 10,922,000 | 16,583,000 | 20,623,000 |
| Net income | 14,479,000 | 29,514,000 | 44,993,000 | 60,581,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 367,450,000 | 374,974,000 | 382,940,000 | 391,016,000 |
| Total capital | 395,297,000 | 404,742,000 | 413,973,000 | 422,139,000 |
| Risk-weighted assets | 2,176,939,000 | 2,326,972,000 | 2,422,854,000 | 2,429,349,000 |