 |
|
|
May 10, 2007
Consolidated Balance Sheets
|
March 31, 2007
UNAUDITED
|
December 31, 2006
AUDITED
|
|
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
|
$443,662,404
90,900,308
53,379,411
4,529,487
19,933,800
|
$428,248,589
88,206,661
50,448,032
16,068,243
9,961,111
|
|
|
Net investments ($428,530,000 at March 31, 2007 and $405,817,000 at December 31, 2006 pledged as collateral under borrowing arrangements)
|
612,405,410
|
592,932,636
|
|
|
Cash ($876,000 at March 31, 2007 and $865,000 at December 31, 2006 restricted as to use by lender)
Accrued interest receivable
Fixed assets, net
Goodwill, net
Other assets
|
28,282,254
2,158,004
522,732
5,007,583
17,513,787
|
15,398,740
2,177,694
525,472
5,007,583
15,562,763
|
|
|
Total assets |
$665,889,770 |
$631,604,888 |
|
|
Liabilities
|
|
|
Accounts payable and accrued expenses
Dividends payable
Accrued interest payable
Floating rate borrowings
Fixed rate borrowings
|
$2,639,955
3,311,494
752,614
411,695,424
77,250,000
|
$5,057,204
-
1,783,258
377,886,424
77,250,000
|
|
|
|
Total liabilities |
495,649,487 |
461,976,886 |
|
|
|
Commitments and contingent liabilities
|
-
|
-
|
|
Total shareholders' equity (net assets)
|
170,240,283
|
169,628,002
|
|
Total liabilities and shareholders' equity
|
$665,889,770
|
$631,604,888
|
|
|
Number of common shares outstanding
Net asset value per share
|
17,448,915
$9.76
|
17,426,415
$9.73
|
|
Total managed loans
Total managed assets
|
$813,078,967
940,149,310
|
$795,980,453
907,132,484
|
- Back to Press Release
- Consolidated Statements of Operation (Unaudited)
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 other commercial in targeted niche industries and its wholly owned portfolio company Medallion Bank also originates and services consumer loans. The Company and its subsidiaries have lent over $2.6 billion.
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 2006 Annual Report on Form 10-K.
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