 |
|
|
May 7, 2010
Consolidated Balance Sheets
| (Dollars in thousands, except per share data) |
March 31, 2010
|
December 31, 2009
|
|
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
|
$311,496
73,522
72,598
3,176
-
|
$321,915
77,922
72,279
3,017
-
|
|
|
Net investments
|
460,792
|
475,133
|
|
|
|
Cash and cash equivalents
Accrued interest receivable
Fixed assets, net
Goodwill, net
Other assets, net
|
19,840
1,693
289
5,069
40,643
|
33,401
1,661
302
5,069
39,608
|
|
|
Total assets |
$528,326 |
$555,174 |
|
|
LIABILITIES
|
|
|
Accounts payable and accrued expenses
Accrued interest payable
Funds borrowed
|
$5,789
886
361,146
|
$7,468
2,207
382,522
|
|
|
Total liabilities |
367,821 |
392,197 |
|
|
Commitments and contingencies
|
-
|
-
|
|
Total shareholders' equity (net assets)
|
160,505
|
162,977
|
|
Total liabilities and shareholders' equity
|
$528,326
|
$555,174
|
|
|
Number of common shares outstanding
Net asset value per share
|
17,575,877
$9.13
|
17,575,877
$9.27
|
|
|
Total managed loans
Total managed assets
|
$904,958
1,026,536
|
$907,116
1,039,840
|
- 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 loans in other commercial industries and its wholly-owned portfolio company Medallion Bank also originates and services consumer loans. The Company and its subsidiaries have lent over $3.3 billion to its taxicab industry and other small businesses.
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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