While taxis continue to be a mainstay for Medallion Financial, the Company prides itself in the steady performance of a diversification strategy, which first took root over a decade ago. At that time, The Company created a wholly owned portfolio company, Medallion Bank, which acquired a consumer loan portfolio focusing on recreational vehicles and boats. In recent years, the Bank has added home improvement loans to its business lines. The consumer loan portfolio has grown steadily since acquisition and in 2015 we are pleased to report that the portfolio posted the highest gains of all of the business segments, a $3.1 million earnings increase to $23.5 million, accounting for 80% of all profits in 2015.