Marlin Business Bank in Salt Lake City, Utah (UT)
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| Marlin Business Bank | |
|---|---|
| General | FDIC Certificate #: 58267 Status: Active Federal Reserve ID: 3716852 Bank Holding Company (Regulatory Top Holder): Marlin Business Services Corp. (RSSDID: 3832583, Location: Mount Laurel, NJ) Date Established: March 12, 2008 WWW: http://www.marlinleasing.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 444934 Numeric code: 13 Regulator: FED Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: All Other Specialization < 1 Billion Date of Deposit Insurance: March 12, 2008 Last Structure Change Effective Date: January 13, 2009 Last Structure Change Process Date: October 08, 2009 Last Data Update: October 08, 2009 Data Source Date: April 05, 2012 |
| Location | Address: 2795 E. Cottonwood Parkway, Suite 120, Salt Lake City, UT 84121 County: Salt Lake Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: San Francisco FDIC Field Office: Salt Lake City Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: West Metropolitan Statistical Area (MSA): Salt Lake City-Ogden, UT (#7160) Combined Statistical Area (CSA): Salt Lake City-Ogden-Clearfield, UT (#482) Core Based Statistical Area (CBSA): Salt Lake City, UT (#41620) CBSA Metro Statistical Area: Salt Lake City, UT (#41620) |
| History of Changes | Institution Becomes a Member of FRS (Federal Reserve System) Change in Primary Regulatory Agency Change in Supervisory Agency Change in Entity Type |
| Financial Summary | Total assets: $268.2 mil Equity capital: $49.6 mil Deposits held in domestic offices: $198.7 mil Return on assets (ROA): 2.27% ($6.1 mil) Quarterly return on assets: 1.91% ($5.1 mil) Return on Equity (ROE): 10.34% ($5.2 mil) Quarterly return on equity: 9.62% ($4.8 mil) Net income: $4.4 mil Quarterly Net income: $1.2 mil Pretax return on assets: 3.78% ($10,138.6 mil) Quarterly Pretax return on assets: 3.32% ($8,904.8 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 10 |
| Total assets | $268,216 |
| Cash and due from depository institutions | $7,607 |
| Interest-bearing balances | $6,758 |
| Securities | $14,441 |
| Federal funds sold & reverse repurchase agreements | $155 |
| Net loans & leases | $242,347 |
| Loan loss allowance | $2,177 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $19 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $3,647 |
| Life insurance assets | $268,216 |
| Total liabilities and capital | $218,627 |
| Total liabilities | $198,717 |
| Total deposits | $198,578 |
| Interest-bearing deposits | $198,717 |
| Deposits held in domestic offices | $100 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $927 |
| Other borrowed funds | $0 |
| Subordinated debt | $18,983 |
| All other liabilities | $49,589 |
| Total equity capital | $49,589 |
| Total bank equity capital | $49,589 |
| Perpetual preferred stock | $0 |
| Common stock | $1 |
| Surplus | $37,030 |
| Undivided profits | $12,558 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $228 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $12 |
| Average Assets, year-to-date | $263,701 |
| Average Assets, quarterly | $14,560 |
| Volatile liabilities | $192,693 |
| Insider loans | $246,987 |
| FHLB advances | $250,703 |
| Loans and leases held for sale | $238,534 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $49,556 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $1,426 |
| Derivatives | $0 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $23,244 |
| Total interest expense | $2,604 |
| Net interest income | $20,640 |
| Provision for loan and lease losses | $2,209 |
| Total noninterest income | $1,181 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $0 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $1,181 |
| Total noninterest expense | $12,331 |
| Salaries and employee benefits | $1,174 |
| Premises and equipment expense | $145 |
| Additional noninterest expense | $11,012 |
| Pre-tax net operating income | $7,281 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $2,899 |
| Income before extraordinary items | $4,382 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $4,382 |
| Net charge-offs | $0 |
| Cash dividends | $4,382 |
| Sale, conversion, retirement of capital stock, net | $1,607 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 12.29% |
| Cost of funding earning assets | 1.38% |
| Net interest margin | 10.92% |
| Noninterest income to earning assets | 0.62% |
| Noninterest expense to earning assets | 6.52% |
| Net operating income to assets | 2.27% |
| Return on assets (ROA) | 2.27% |
| Pretax return on assets | 3.78% |
| Return on equity (ROE) | 10.34% |
| Retained earnings to average equity (YTD only) | 10.34% |
| Net charge-offs to loans | 0.95% |
| Credit loss provision to net charge-offs | 137.46% |
| Efficiency ratio | 5.91% |
| Assets per employee | $56,510 |
| Cash dividends to net income (YTD only) | 26.82% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 0.89% |
| Noncurrent assets plus other real estate owned to assets | 954.82% |
| Noncurrent loans to loans | 0.09% |
| Net loans and leases to deposits | 0.09% |
| Net loans and leases to core deposits | 121.96% |
| Equity capital to assets | 571.95% |
| Core capital (leverage) ratio | 18.49% |
| Tier 1 risk-based capital ratio | 20.78% |
| Total risk-based capital ratio | 19.77% |
| Memoranda | |
| Average assets | $21 |
| Average earning assets | $192,693 |
| Average equity | $42,398 |
| Average loans | $189,078 |
| 1 Utah Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 444934 | Marlin Business Bank | 2795 E. Cottonwood Parkway, Suite 120, Salt Lake City, UT 84121 | March 12, 2008 | Full Service Brick and Mortar |  |
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BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.