 |
|
|
March 10, 2008
Consolidated Balance Sheets
| (Dollars in thousands, except per share data) |
December 31, 2007
|
December 31, 2006
|
|
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
|
$498,883
91,782
57,501
-
4,880
|
$428,249
88,207
50,448
9,961
16,068
|
|
|
Net investments ($458,102 at December 31, 2007 and $406,817 at December 31, 2006 pledged as collateral under borrowing arrangements)
|
653,046
|
592,933
|
|
|
|
Cash ($852 at December 31, 2007 and $865 at December 31, 2006 restricted as to use by lender)
Accrued interest receivable
Fixed assets, net
Goodwill, net
Other assets, net
|
33,454
2,449
558
5,007
26,748
|
15,399
2,178
525
5,007
15,563
|
|
|
Total assets |
$721,262 |
$631,605 |
|
|
LIABILITIES
|
|
|
Accounts payable and accrued expenses
Accrued interest payable
Floating rate borrowings
Fixed rate borrowings
|
$4,203
2,087
542,549
|
$5,057
1,783
455,137
|
|
|
|
Total liabilities |
548,839 |
461,977 |
|
|
|
Commitments and contingent liabilities
|
-
|
-
|
|
Total shareholders' equity (net assets)
|
172,423
|
169,628
|
|
Total liabilities and shareholders' equity
|
$721,262
|
$631,605
|
|
|
Number of common shares outstanding
Net asset value per share
|
17,495,865
$9.86
|
17,426,415
$9.73
|
|
Total managed loans
Total managed assets
|
$ 896,370
1,017,433
|
$795,980
907,133
|
- Back to Press Release
- Consolidated Statements of Operations
Medallion Financial Corp. is a specialty finance company with a leading position in the origination and servicing of loans financing the purchase of taxicab medallions and related assets. The Company also originates and services commercial and consumer loans in targeted niche industries. The Company and its subsidiaries have lent over $3 billion to its taxicab, commercial, and consumer customers.
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 2005 Annual Report on Form 10-K.
|
|
