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November 6, 2006
Consolidated Balance Sheets
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(UNAUDITED)
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AUDITED
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September 30, 2006
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December 31, 2005
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Assets
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Medallion loans, at fair value
Commercial loans, at fair value
Consumer loans, at fair value
Equity investments, at fair value
Investment securities, at fair value
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$484,398,427
143,751,866
111,148,271
23,047,377
19,965,573
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$449,672,510
145,796,651
85,678,412
24,012,508
18,092,838
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Net investments ($380,466,000 at September 30, 2006 and $380,267,000 at December 31, 2005 pledged as collateral under borrowing arrangements)
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782,311,514
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723,252,919
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Cash ($854,000 at September 30, 2006 and $574,000 December 31, 2005 restricted as to use by lender)
Accrued interest receivable
Fixed assets, net
Goodwill, net
Other assets, net
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27,794,336
4,014,224
702,733
5,007,583
16,837,798
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43,035,506
3,580,460
614,858
5,007,583
17,481,876
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Total assets |
$836,668,188 |
$792,973,202 |
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Liabilities
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|
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Accounts payable and accrued expenses
Accrued interest payable
Floating rate borrowings
Fixed rate borrowings
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$ 3,709,891
664,688
341,004,688
324,997,418
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$ 4,837,461
1,759,737
323,664,951
296,357,214
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|
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Total liabilities |
670,376,685 |
626,619,363 |
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Shareholders' equity
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Preferred Stock (1,000,000 shares of $0.01 par value stock authorized - none outstanding)
Common stock (50,000,000 shares of $0.01 par value stock authorized - 18,686,266 shares at September 30, 2006 and 18,546,648 shares at December 31, 2005 issued)
Treasury stock at cost (1,373,351 shares at September 30, 2006 and December 31, 2005)
Capital in excess of par value
Accumulated net investment income
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-
186,863
(12,611,113)
176,222,282
2,493,471
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-
185,271
(12,611,113)
175,259,730
3,519,951
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|
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Total shareholders' equity |
166,291,503 |
166,353,839 |
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Total liabilities and shareholders' equity
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$836,668,188
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$792,973,202
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Number of common shares outstanding
Net asset value per share
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17,312,915
$9.61
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17,173,297
$9.69
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Total managed loans
Total managed assets
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$755,184,516
852,554,140
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$690,280,561
802,106,190
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- Back to Press Release
- Consolidated Income Statements
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 2005 Annual Report on Form 10-K.
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