Marlin Business Bank in Salt Lake City, Utah (UT)
Overview, Financial Summary, Detailed Financial Reports, Branches

Marlin Business Bank - Overview

  • 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
    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)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 10Total employees (full-time equivalent)
  • $268,216Total assets
  • $7,607Cash and due from depository institutions
  • $6,758Interest-bearing balances
  • $14,441Securities
  • $155Federal funds sold & reverse repurchase agreements
  • $242,347Net loans & leases
  • $2,177Loan loss allowance
  • $0Trading account assets
  • $19Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $268,216Life insurance assets
  • $3,647All other assets
  • $218,627Total liabilities and capital
  • $198,717Total liabilities
  • $198,578Total deposits
  • $198,717Interest-bearing deposits
  • $100Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $927Trading liabilities
  • $0Other borrowed funds
  • $18,983Subordinated debt
  • $49,589All other liabilities
  • $49,589Total equity capital
  • $49,589Total bank equity capital
  • $0Perpetual preferred stock
  • $1Common stock
  • $37,030Surplus
  • $12,558Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $228Income earned, not collected on loans
  • $0Earning assets
  • $12Long-term assets (5+ years)
  • $263,701Average Assets, year-to-date
  • $14,560Average Assets, quarterly
  • $192,693Volatile liabilities
  • $246,987Insider loans
  • $250,703FHLB advances
  • $238,534Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $49,556Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,426Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $23,244Total interest income
  • $2,604Total interest expense
  • $20,640Net interest income
  • $2,209Provision for loan and lease losses
  • $1,181Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,181Additional noninterest income
  • $12,331Total noninterest expense
  • $1,174Salaries and employee benefits
  • $145Premises and equipment expense
  • $11,012Additional noninterest expense
  • $7,281Pre-tax net operating income
  • $0Securities gains (losses)
  • $2,899Applicable income taxes
  • $4,382Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,382Net income attributable to bank
  • $0Net charge-offs
  • $4,382Cash dividends
  • $1,607Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 12.29%Yield on earning assets
  • 1.38%Cost of funding earning assets
  • 10.92%Net interest margin
  • 0.62%Noninterest income to earning assets
  • 6.52%Noninterest expense to earning assets
  • 2.27%Net operating income to assets
  • 2.27%Return on assets (ROA)
  • 3.78%Pretax return on assets
  • 10.34%Return on equity (ROE)
  • 10.34%Retained earnings to average equity (YTD only)
  • 0.95%Net charge-offs to loans
  • 137.46%Credit loss provision to net charge-offs
  • 5.91%Efficiency ratio
  • 56,510Assets per employee
  • 26.82%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.89%Loss allowance to noncurrent loans
  • 954.82%Noncurrent assets plus other real estate owned to assets
  • 0.09%Noncurrent loans to loans
  • 0.09%Net loans and leases to deposits
  • 121.96%Net loans and leases to core deposits
  • 571.95%Equity capital to assets
  • 18.49%Core capital (leverage) ratio
  • 20.78%Tier 1 risk-based capital ratio
  • 19.77%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $192,693Average earning assets
  • $42,398Average equity
  • $189,078Average loans

List of branches

  • 1 Utah Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0444934Marlin Business Bank2795 E. Cottonwood Parkway, Suite 120, Salt Lake City, UT 84121March 12, 2008Full Service Brick and Mortar

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