Medallion Bank in Salt Lake City, Utah (UT)



Show street view No street view available for this location
Table of contents:
Medallion Bank
GeneralFDIC Certificate #: 57449
Status: Active
Federal Reserve ID: 3228908
Date Established: December 22, 2003
WWW: http://www.medallionbank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Domestic: 1, Interstate: No)
FDIC's unique #: 363796
Numeric code: 23
Regulator: FDIC
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: Commercial Lending Specialization
Date of Deposit Insurance: December 22, 2003
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
LocationAddress: 1100 East 6600 South, Suite 510, 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $629.4 mil
Equity capital: $108.8 mil
Deposits held in domestic offices: $514.4 mil
Return on assets (ROA): 2.57% ($16.2 mil)
Quarterly return on assets: 2.64% ($16.6 mil)
Return on Equity (ROE): 15.20% ($16.6 mil)
Quarterly return on equity: 15.04% ($16.4 mil)
Net income: $15.4 mil
Quarterly Net income: $4.1 mil
Pretax return on assets: 4.15% ($26,121.3 mil)
Quarterly Pretax return on assets: 4.25% ($26,750.7 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)
Total employees (full-time equivalent)28
Total assets$629,429
Cash and due from depository institutions$149
Interest-bearing balances$0
Securities$26,536
Federal funds sold & reverse repurchase agreements$28,476
Net loans & leases$561,865
Loan loss allowance $14,575
Trading account assets$0
Bank premises and fixed assets$121
Other real estate owned$350
Goodwill and other intangibles$1,395
All other assets$10,537
Life insurance assets$629,429
Total liabilities and capital$520,579
Total liabilities$514,429
Total deposits$514,429
Interest-bearing deposits$514,429
Deposits held in domestic offices$100
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $13
Subordinated debt $6,137
All other liabilities $108,850
Total equity capital$108,850
Total bank equity capital$108,850
Perpetual preferred stock$26,303
Common stock$1,000
Surplus$51,500
Undivided profits $30,047
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 $2,264
Earning assets $0
Long-term assets (5+ years) $3,113
Average Assets, year-to-date $616,877
Average Assets, quarterly $58,826
Volatile liabilities $599,825
Insider loans $615,711
FHLB advances $592,528
Loans and leases held for sale $604,329
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $107,009
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $30,538
Derivatives$0
Back to page top, Back to table top

Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $51,802
Total interest expense $6,058
Net interest income $45,744
Provision for loan and lease losses $7,347
Total noninterest income $581
Fiduciary activities $0
Service charges on deposit accounts $0
Trading account gains & fees $0
Additional noninterest income $581
Total noninterest expense $14,073
Salaries and employee benefits $2,739
Premises and equipment expense $190
Additional noninterest expense $11,144
Pre-tax net operating income $24,905
Securities gains (losses) $0
Applicable income taxes $9,487
Income before extraordinary items $15,418
Extraordinary gains - net $0
Net income attributable to bank $15,418
Net charge-offs $0
Cash dividends $15,418
Sale, conversion, retirement of capital stock, net $6,404
Net operating income $6,635
Back to page top, Back to table top

Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets8.82%
Cost of funding earning assets 1.03%
Net interest margin 7.79%
Noninterest income to earning assets 0.10%
Noninterest expense to earning assets 2.40%
Net operating income to assets 2.57%
Return on assets (ROA) 2.57%
Pretax return on assets 4.15%
Return on equity (ROE) 15.20%
Retained earnings to average equity (YTD only) 8.66%
Net charge-offs to loans 1.15%
Credit loss provision to net charge-offs 114.73%
Efficiency ratio5.04%
Assets per employee$29,712
Cash dividends to net income (YTD only)22.48%
Condition Ratios (%)
Loss allowance to loans 43.03%
Loss allowance to noncurrent loans 2.53%
Noncurrent assets plus other real estate owned to assets 643.77%
Noncurrent loans to loans 0.42%
Net loans and leases to deposits0.39%
Net loans and leases to core deposits 109.22%
Equity capital to assets 561865.00%
Core capital (leverage) ratio 17.29%
Tier 1 risk-based capital ratio 17.71%
Total risk-based capital ratio 18.06%
Memoranda
Average assets$19
Average earning assets$599,825
Average equity $101,401
Average loans $587,125
Back to page top, Back to table top

1 Utah Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0363796Medallion Bank1100 East 6600 South, Suite 510, Salt Lake City, UT 84121December 22, 2003Full Service Brick and Mortar
Back to page top

User Contributions:

Comment about this bank, ask questions, or add new information about it:

CAPTCHA


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Medallion Bank.
Based on public records. Inadvertent errors are possible.
BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.