FDIC 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
Location
Address: 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 Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total 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
28Total employees (full-time equivalent)
$629,429Total assets
$149Cash and due from depository institutions
$0Interest-bearing balances
$26,536Securities
$28,476Federal funds sold & reverse repurchase agreements
$561,865Net loans & leases
$14,575Loan loss allowance
$0Trading account assets
$121Bank premises and fixed assets
$350Other real estate owned
$1,395Goodwill and other intangibles
$629,429Life insurance assets
$10,537All other assets
$520,579Total liabilities and capital
$514,429Total liabilities
$514,429Total deposits
$514,429Interest-bearing deposits
$100Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$13Other borrowed funds
$6,137Subordinated debt
$108,850All other liabilities
$108,850Total equity capital
$108,850Total bank equity capital
$26,303Perpetual preferred stock
$1,000Common stock
$51,500Surplus
$30,047Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$2,264Income earned, not collected on loans
$0Earning assets
$3,113Long-term assets (5+ years)
$616,877Average Assets, year-to-date
$58,826Average Assets, quarterly
$599,825Volatile liabilities
$615,711Insider loans
$592,528FHLB advances
$604,329Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$107,009Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$30,538Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$51,802Total interest income
$6,058Total interest expense
$45,744Net interest income
$7,347Provision for loan and lease losses
$581Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$581Additional noninterest income
$14,073Total noninterest expense
$2,739Salaries and employee benefits
$190Premises and equipment expense
$11,144Additional noninterest expense
$24,905Pre-tax net operating income
$0Securities gains (losses)
$9,487Applicable income taxes
$15,418Income before extraordinary items
$0Extraordinary gains - net
$15,418Net income attributable to bank
$0Net charge-offs
$15,418Cash dividends
$6,404Sale, conversion, retirement of capital stock, net
$6,635Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.82%Yield on earning assets
1.03%Cost of funding earning assets
7.79%Net interest margin
0.10%Noninterest income to earning assets
2.40%Noninterest expense to earning assets
2.57%Net operating income to assets
2.57%Return on assets (ROA)
4.15%Pretax return on assets
15.20%Return on equity (ROE)
8.66%Retained earnings to average equity (YTD only)
1.15%Net charge-offs to loans
114.73%Credit loss provision to net charge-offs
5.04%Efficiency ratio
29,712Assets per employee
22.48%Cash dividends to net income (YTD only)
Condition Ratios (%)
43.03%Loss allowance to loans
2.53%Loss allowance to noncurrent loans
643.77%Noncurrent assets plus other real estate owned to assets
0.42%Noncurrent loans to loans
0.39%Net loans and leases to deposits
109.22%Net loans and leases to core deposits
561865.00%Equity capital to assets
17.29%Core capital (leverage) ratio
17.71%Tier 1 risk-based capital ratio
18.06%Total risk-based capital ratio
Memoranda
$19Average assets
$599,825Average earning assets
$101,401Average equity
$587,125Average loans
List of branches
1 Utah Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
363796
Medallion Bank
1100 East 6600 South, Suite 510, Salt Lake City, UT 84121
December 22, 2003
Full Service Brick and Mortar
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