Medallion Bank in Salt Lake City, Utah (UT)

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Medallion Bank
GeneralFDIC Certificate #: 57449
Status: Active
Federal Reserve ID: 3228908
Date Established: December 22, 2003
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
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
Undivided profits $30,047
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
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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
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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%
Average assets$19
Average earning assets$599,825
Average equity $101,401
Average loans $587,125
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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
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