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 WWW:http://www.marlinleasing.com 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
No
ID
Name
Address
Established
Service Type
Map
0
444934
Marlin Business Bank
2795 E. Cottonwood Parkway, Suite 120, Salt Lake City, UT 84121
March 12, 2008
Full Service Brick and Mortar
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