 |
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November 9, 2009
Consolidated Balance Sheets
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(UNAUDITED)
|
|
|
(Dollars in thousands, except per share data)
|
September 30, 2009
|
December 31, 2008
|
|
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
|
$341,783
81,787
77,544
-
2,898
|
$402,964
89,611
74,750
-
3,272
|
|
|
Net investments ($278,695 at September 30, 2009 and $347,517 at December 31, 2008 pledged as collateral under borrowing arrangements)
|
504,012
|
570,597
|
|
|
Cash and cash equivalents ($0 at September 30, 2009 and December 31, 2008 restricted as to use by lender)
Accrued interest receivable
Fixed assets, net
Goodwill, net
Other assets, net
|
29,587
1,824
316
5,069
38,683
|
32,075
2,149
411
5,069
36,384
|
|
|
Total assets |
$579,491 |
$646,685 |
|
|
Liabilities
|
|
|
Accounts payable and accrued expenses
Accrued interest payable
Funds borrowed
|
$7,341
850
399,280
|
$7,074
2,015
462,650
|
|
|
|
Total liabilities |
407,471 |
471,739 |
|
|
Commitments and contingencies
|
-
|
-
|
|
|
|
Total shareholders' equity (net assets) |
172,020 |
174,946 |
|
Total liabilities and shareholders' equity
|
$579,491
|
$646,685
|
|
|
Number of common shares outstanding
Net asset value per share
|
17,575,877
$9.79
|
17,549,224
$9.97
|
|
|
Total managed loans
Total managed assets
|
$912,282
1,036,883
|
$945,294
1,075,509
|
|
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- 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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