 |
|
|
March 19, 2007
Consolidated Balance Sheets
|
December 31, 2006
|
December 31, 2005
|
|
|
(As adjusted)
|
|
ASSETS
|
|
|
Medallion loans, at fair value
Commercial loans, at fair value
Investment in Medallion Bank and other controlled subsidiaries, at fair value
Equity investments, at fair value
Investment securities, at fair value
|
$428,248,589
88,206,661
50,448,032
16,068,243
9,961,111
|
$375,263,403
91,485,479
40,335,393
23,137,661
-
|
|
|
Net investments ($405,817,000 at December 31, 2006 and $380,267,000 at December 31, 2005 pledged as collateral under borrowing arrangements)
|
592,932,636
|
530,221,936
|
|
|
|
Cash ($865,000 at December 31, 2006 and $574,000 December 31, 2005 restricted as to use by lender)
Accrued interest receivable
Fixed assets, net
Goodwill, net
Other assets, net
|
15,398,740
2,177,694
525,472
5,007,583
15,562,763
|
22,808,388
2,383,083
454,659
5,007,583
12,479,159
|
|
|
Total assets |
$631,604,888 |
$573,354,808 |
|
|
LIABILITIES
|
|
|
Accounts payable and accrued expenses
Accrued interest payable
Floating rate borrowings
Fixed rate borrowings
|
$5,057,205
1,783,258
377,886,424
77,250,000
|
$4,326,282
1,759,737
323,664,950
77,250,000
|
|
|
|
Total liabilities |
461,976,887 |
407,000,969 |
|
|
|
Commitments and contingent liabilities
|
-
|
-
|
|
SHAREHOLDERS' EQUITY
|
|
|
Preferred Stock (1,000,000 shares of $0.01 par value stock authorized - none outstanding)
Common stock (50,000,000 shares of $0.01 par value stock authorized - 18,799,766 shares at December 31, 2006 and 18,546,648 shares at December 31, 2005 issued)
Treasury stock at cost (1,373,351 shares at December 31, 2006 and December 31, 2005)
Capital in excess of par value
Accumulated undistributed net investment income (loss)
Accumulated undistributed net realized gains on investments
Net unrealized appreciation (depreciation) on investments
|
-
187,998
(12,611,113)
176,849,296
(7,765,327)
-
12,967,148
|
-
185,271
(12,611,113)
175,259,730
(5,838,235)
-
9,358,186
|
Total shareholders' equity
|
169,628,002
|
166,353,839
|
|
Total liabilities and shareholders' equity
|
$631,604,888
|
$573,354,808
|
|
|
Number of common shares outstanding
Net asset value per share
|
17,426,415
$9.73
|
17,173,297
$9.69
|
|
Total managed loans
Total managed assets
|
$795,980,453
907,132,484
|
$690,280,561
802,106,190
|
- Back to Press Release
- Consolidated Statements of Operations
- Medallion Bank Financial Information
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.
|
|
