 |
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November 3, 2008
Consolidated Balance Sheets
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(UNAUDITED)
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|
|
(Dollars in thousands, except per share data)
|
September 30, 2008
|
December 31, 2007
|
|
Assets
|
|
|
Medallion loans, at fair value
Commercial loans, at fair value
Investment in Medallion Bank and other controlled subsidiaries, at fair value
Investment securities, at fair value
Equity investments, at fair value
|
$411,693
94,830
71,211
-
4,662
|
$498,883
91,782
57,501
-
4,880
|
|
|
Net investments ($357,718 at September 30, 2008 and $458,102 at December 31, 2007 pledged as collateral under borrowing arrangements)
|
582,396
|
653,046
|
|
|
Cash and cash equivalents ($870 at September 30, 2008 and $852 at December 31, 2007 restricted as to use by lender)
Accrued interest receivable
Fixed assets, net
Goodwill, net
Other assets, net
|
19,290
2,289
425
5,007
31,138
|
33,454
2,449
558
5,007
26,748
|
|
|
Total assets |
$640,545 |
$721,262 |
|
|
Liabilities
|
|
|
Accounts payable and accrued expenses
Accrued interest payable
Funds borrowed
|
$7,709
708
456,799
|
$4,203
2,087
542,549
|
|
|
|
Total liabilities |
465,216 |
548,839 |
|
|
Commitments and contingencies
|
-
|
-
|
|
|
|
Total shareholders' equity (net assets) |
175,329 |
172,423 |
|
Total liabilities and shareholders' equity
|
$640,545
|
$721,262
|
|
|
Number of common shares outstanding
Net asset value per share
|
17,544,224
$9.99
|
17,495,865
$9.86
|
|
|
Total managed loans
Total managed assets
|
$931,851
1,048,705
|
$896,370
1,017,433
|
|
|
- Back to Press Release
- Consolidated Income Statements
Please note that this press release contains forward-looking statements that involve risks and uncertainties relating to business performance, cash flow, costs, sales, net investment income, earnings, and growth. Medallion's actual results may differ significantly from the results discussed in such forward-looking statements. Factors that might cause such a difference include, but are not limited to, those factors discussed under the heading "Risk Factors," in Medallion's 2007 Annual Report on Form 10-K.
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