$MFIN
MEDALLION FINANCIAL CORP

2019 Q1 Form 10-Q Financial Statement

#000119312519144225 Filed on May 10, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $30.04M $482.0K
YoY Change 6132.99% -88.66%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development $74.00K
YoY Change
% of Gross Profit
Depreciation & Amortization $2.046M $250.0K
YoY Change 718.4% 92.31%
% of Gross Profit
Operating Expenses $1.150M
YoY Change
Operating Profit
YoY Change
Interest Expense $7.722M
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $1.139M -$3.566M
YoY Change -131.94% 719.77%
Income Tax -$256.0K $640.0K
% Of Pretax Income -22.48%
Net Earnings $1.228M -$14.87M
YoY Change -108.26% -1438.79%
Net Earnings / Revenue 4.09% -3085.89%
Basic Earnings Per Share $0.05 -$0.62
Diluted Earnings Per Share $0.05 -$0.62
COMMON SHARES
Basic Shares Outstanding 24.29M 24.15M shares
Diluted Shares Outstanding 24.62M 24.15M shares

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $130.8M
YoY Change
Cash & Equivalents $86.12M
Short-Term Investments $44.68M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $13.30M $200.0K
YoY Change 6550.0% 0.0%
Goodwill $150.8M
YoY Change
Intangibles $53.62M
YoY Change
Long-Term Investments $8.699M $336.8M
YoY Change -97.42% 9.78%
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $1.429B $616.7M
YoY Change 131.67% -8.87%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.100M $3.600M
YoY Change -13.89% 38.46%
Accrued Expenses $13.60M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $81.87M
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $28.00M $3.600M
YoY Change 677.78% -23.4%
LONG-TERM LIABILITIES
Long-Term Debt $152.7M $320.7M
YoY Change -52.39% -5.17%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $152.7M $320.7M
YoY Change -52.39% -5.17%
TOTAL LIABILITIES
Total Short-Term Liabilities $28.00M $3.600M
Total Long-Term Liabilities $152.7M $320.7M
Total Liabilities $1.137B $344.3M
YoY Change 230.2% -11.56%
SHAREHOLDERS EQUITY
Retained Earnings $14.27M
YoY Change
Common Stock $274.7M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $24.92M
YoY Change
Treasury Stock Shares 2.951M shares
Shareholders Equity $264.7M $272.4M
YoY Change
Total Liabilities & Shareholders Equity $1.429B $616.7M
YoY Change 131.67% -8.87%

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income $1.228M -$14.87M
YoY Change -108.26% -1438.79%
Depreciation, Depletion And Amortization $2.046M $250.0K
YoY Change 718.4% 92.31%
Cash From Operating Activities $11.06M $5.290M
YoY Change 109.09% -66.33%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$22.86M
YoY Change
Cash From Investing Activities -$22.86M
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 40.21M -7.030M
YoY Change -671.96% -36.26%
NET CHANGE
Cash From Operating Activities 11.06M 5.290M
Cash From Investing Activities -22.86M
Cash From Financing Activities 40.21M -7.030M
Net Change In Cash 28.41M -1.740M
YoY Change -1732.64% -137.18%
FREE CASH FLOW
Cash From Operating Activities $11.06M $5.290M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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PercentageOfAllowanceForLoanLosses
1.00 pure
CY2019Q1 mfin Common Equity Tier One Risk Based Capital Required For Capital Adequacy To Risk Weighted Assets
CommonEquityTierOneRiskBasedCapitalRequiredForCapitalAdequacyToRiskWeightedAssets
0.070 pure
CY2019Q1 mfin Common Equity Tier One Capital Required To Be Well Capitalized To Risk Weighted Assets
CommonEquityTierOneCapitalRequiredToBeWellCapitalizedToRiskWeightedAssets
0.065 pure
CY2019Q1 mfin Allowance For Loan And Lease Losses Loans Acquired Percentage Of Loans
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0.0360 pure
CY2019Q1 mfin Loan To Value Ratio
LoanToValueRatio
2.13 pure
CY2019Q1 mfin Average Assets Required For Capital Adequacy
AverageAssetsRequiredForCapitalAdequacy
0
CY2019Q1 mfin Average Assets Required To Be Well Capitalized
AverageAssetsRequiredToBeWellCapitalized
0
CY2019Q1 mfin Deferred And Other Tax Liabilities Net
DeferredAndOtherTaxLiabilitiesNet
7037000
CY2019Q1 mfin Share Based Compensation Arrangement By Share Based Payment Award Options Nonvested Options Exercise Price Per Share Range Lower Range Limit
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonvestedOptionsExercisePricePerShareRangeLowerRangeLimit
2.14
CY2019Q1 mfin Share Based Compensation Arrangement By Share Based Payment Award Options Nonvested Options Exercise Price Per Share Range Upper Range Limit
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonvestedOptionsExercisePricePerShareRangeUpperRangeLimit
7.10
CY2019Q1 mfin Loan Foreclosure Collateral Sale To Third Party
LoanForeclosureCollateralSaleToThirdParty
3930000
CY2019Q1 mfin Employment Agreements Future Minimum Payments Due
EmploymentAgreementsFutureMinimumPaymentsDue
4500000
CY2019Q1 mfin Mortgage Loans In Process Of Foreclosure Amount Beginning Balance
MortgageLoansInProcessOfForeclosureAmountBeginningBalance
49495000
CY2019Q1 mfin Mortgage Loans In Process Of Foreclosure Amount Ending Balance
MortgageLoansInProcessOfForeclosureAmountEndingBalance
49808000
CY2019Q1 mfin Property Equipment And Right Of Use Asset Net
PropertyEquipmentAndRightOfUseAssetNet
13296000
CY2019Q1 mfin Short Term Lease Liabilities
ShortTermLeaseLiabilities
1846000
CY2019Q1 mfin Deferred Tax Liabilities Provisions For Loan Losses
DeferredTaxLiabilitiesProvisionsForLoanLosses
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CY2017Q4 us-gaap Investment Owned Unrecognized Unrealized Appreciation Depreciation Net
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139700000
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
287159000
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
320626 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
8.78
CY2017Q4 us-gaap Share Price
SharePrice
3.53
CY2017Q4 mfin Net Asset Value Per Unit
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11800
CY2017Q4 mfin Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Exercise Price Range Lower Range Limit
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2.14
CY2017Q4 mfin Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Exercise Price Range Upper Range Limit
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingExercisePriceRangeUpperRangeLimit
13.84
CY2018Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
18789000
CY2018Q4 us-gaap Additional Paid In Capital Common Stock
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CY2018Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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-82000
CY2018Q4 us-gaap Assets
Assets
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CY2018Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
50000
CY2018Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
1149000
CY2018Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
1017000
CY2018Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
10045000
CY2018Q4 us-gaap Capital
Capital
180917000
CY2018Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
46423000
CY2018Q4 us-gaap Available For Sale Securities
AvailableForSaleSecurities
45324000
CY2018Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
31130000
CY2018Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
132000
CY2018Q4 us-gaap Cash
Cash
23842000
CY2018Q4 us-gaap Capital To Risk Weighted Assets
CapitalToRiskWeightedAssets
0.182 pure
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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57713000
CY2018Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2018Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
50000000 shares
CY2018Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
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CY2018Q4 us-gaap Common Equity Tier One Capital Ratio
CommonEquityTierOneCapitalRatio
0.143 pure
CY2018Q4 us-gaap Common Equity Tier One Capital
CommonEquityTierOneCapital
141608000
CY2018Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2018Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
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CY2018Q4 us-gaap Common Stock Value
CommonStockValue
274000
CY2018Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
8530000
CY2018Q4 us-gaap Deferred Tax Assets Valuation Allowance
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255000
CY2018Q4 us-gaap Deferred Tax Liabilities Deferred Expense
DeferredTaxLiabilitiesDeferredExpense
1844000
CY2018Q4 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
4461000
CY2018Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
8785000
CY2018Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssets
45272000
CY2018Q4 us-gaap Deposits
Deposits
848040000
CY2018Q4 us-gaap Equity Method Investments
EquityMethodInvestments
9197000
CY2018Q4 us-gaap Federal Funds Sold
FederalFundsSold
33871000
CY2018Q4 us-gaap Federal Home Loan Bank Advances Premium
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9047000
CY2018Q4 us-gaap Financing Receivable Recorded Investment Current
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CY2018Q4 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
0
CY2018Q4 us-gaap Goodwill
Goodwill
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CY2018Q4 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
58085000
CY2018Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
36091000
CY2018Q4 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
34877000
CY2018Q4 us-gaap Impaired Financing Receivable Recorded Investment
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34877000
CY2018Q4 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
22242000
CY2018Q4 us-gaap Impaired Financing Receivable With Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithRelatedAllowanceUnpaidPrincipalBalance
36091000
CY2018Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
3852000
CY2018Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
53982000
CY2018Q4 us-gaap Interest Receivable
InterestReceivable
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CY2018Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
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CY2018Q4 us-gaap Liabilities
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CY2018Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
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CY2018Q4 us-gaap Loans Receivable Fair Value Disclosure
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140180000
CY2018Q4 us-gaap Long Term Debt
LongTermDebt
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CY2018Q4 us-gaap Minority Interest
MinorityInterest
27596000
CY2018Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
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CY2018Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
1017882000
CY2018Q4 us-gaap Loans And Leases Receivable Ratio Of Nonperforming Loans To All Loans
LoansAndLeasesReceivableRatioOfNonperformingLoansToAllLoans
0.03 pure
CY2018Q4 us-gaap Loans Pledged As Collateral
LoansPledgedAsCollateral
40500000
CY2018Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
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CY2018Q4 us-gaap Loans And Leases Receivable Impaired Nonperforming Nonaccrual Of Interest
LoansAndLeasesReceivableImpairedNonperformingNonaccrualOfInterest
34877000
CY2018Q4 us-gaap Loans And Leases Receivable Loans In Process
LoansAndLeasesReceivableLoansInProcess
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CY2018Q4 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
10.75
CY2018Q4 us-gaap Marketable Securities
MarketableSecurities
45324000
CY2018Q4 us-gaap Mortgage Loans In Process Of Foreclosure Amount
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CY2018Q4 us-gaap Other Assets
OtherAssets
25210000
CY2018Q4 us-gaap Preferred Stock Shares Outstanding
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CY2018Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
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CY2018Q4 us-gaap Preferred Stock Shares Authorized
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CY2018Q4 us-gaap Preferred Stock Value
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CY2018Q4 us-gaap Reorganization Value Net Realizable Value Of Asset Dispositions
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4305000
CY2018Q4 us-gaap Securities Borrowed Liability
SecuritiesBorrowedLiability
1062028000
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
13043000
CY2018Q4 us-gaap Risk Weighted Assets
RiskWeightedAssets
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CY2018Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
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CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
290204000
CY2018Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
62777 shares
CY2018Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
4.59
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
144666 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
7.23
CY2018Q4 us-gaap Tier One Leverage Capital To Average Assets
TierOneLeverageCapitalToAverageAssets
0.158 pure
CY2018Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
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CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2018Q4 us-gaap Trading Liabilities Fair Value Disclosure
TradingLiabilitiesFairValueDisclosure
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CY2018Q4 us-gaap Tier One Risk Based Capital
TierOneRiskBasedCapital
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CY2018Q4 us-gaap Tier One Risk Based Capital To Risk Weighted Assets
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0.169 pure
CY2018Q4 us-gaap Treasury Stock Value
TreasuryStockValue
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CY2018Q4 mfin Deferred Tax Liabilities Unrealized Loss On Other Investments
DeferredTaxLiabilitiesUnrealizedLossOnOtherInvestments
2024000
CY2018Q4 mfin Non Marketable Securities
NonMarketableSecurities
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CY2018Q4 mfin Impaired Financing Receivables With Related Allowance Related Allowance
ImpairedFinancingReceivablesWithRelatedAllowanceRelatedAllowance
22242000
CY2018Q4 mfin Deferred Tax Assets Liabilities
DeferredTaxAssetsLiabilities
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CY2018Q4 mfin Deferred Tax Liabilities Operating Loss Carryforwards
DeferredTaxLiabilitiesOperatingLossCarryforwards
-11132000
CY2018Q4 mfin Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Exercise Price Range Lower Range Limit
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingExercisePriceRangeLowerRangeLimit
2.06
CY2018Q4 mfin Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Exercise Price Range Upper Range Limit
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingExercisePriceRangeUpperRangeLimit
13.84
CY2018Q4 mfin Percentage Of Allowance For Loan Losses
PercentageOfAllowanceForLoanLosses
1.00 pure
CY2018Q4 mfin Allowance For Loan And Lease Losses Loans Acquired Percentage Of Loans
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0.0358 pure
CY2018Q4 mfin Loan To Value Ratio
LoanToValueRatio
2.20 pure
CY2018Q4 mfin Deferred And Other Tax Liabilities Net
DeferredAndOtherTaxLiabilitiesNet
6973000
CY2018Q4 mfin Share Based Compensation Arrangement By Share Based Payment Award Options Nonvested Options Exercise Price Per Share Range Lower Range Limit
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonvestedOptionsExercisePricePerShareRangeLowerRangeLimit
2.14
CY2018Q4 mfin Share Based Compensation Arrangement By Share Based Payment Award Options Nonvested Options Exercise Price Per Share Range Upper Range Limit
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonvestedOptionsExercisePricePerShareRangeUpperRangeLimit
7.10
CY2018Q4 mfin Loan Foreclosure Collateral Sale To Third Party
LoanForeclosureCollateralSaleToThirdParty
3134000
CY2018Q4 mfin Property Equipment And Right Of Use Asset Net
PropertyEquipmentAndRightOfUseAssetNet
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CY2018Q4 mfin Deferred Tax Liabilities Provisions For Loan Losses
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CY2018Q4 us-gaap Variable Interest Entity Initial Consolidation Gain Or Loss
VariableInterestEntityInitialConsolidationGainOrLoss
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CY2018Q2 mfin Additional Provision To The Ending Bank General Reserve Balance
AdditionalProvisionToTheEndingBankGeneralReserveBalance
17351000
CY2016Q1 mfin Tier One Capital Conversation Buffer
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0.00625 pure
CY2016Q1 mfin Percentage Of Increase Of Capital Conservation Buffer
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0.00625 pure
CY2018Q4 us-gaap Gains Losses On Extinguishment Of Debt
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4145000
CY2018Q4 mfin Extinguishment Of Debt Discount Rate
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CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2018 us-gaap Amortization Of Deferred Loan Origination Fees Net
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13000
CY2018 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.21 pure
CY2018 mfin Net Change In Unrealized Gains Losses Net Of Tax
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CY2018 mfin Deferred Loan Origination Costs
DeferredLoanOriginationCosts
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CY2018 mfin Capitalized Loan Origination Costs
CapitalizedLoanOriginationCosts
15047000
CY2018 mfin Average Assets
AverageAssets
1059461000
CY2018 mfin Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodExercisePrice
0
CY2018 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
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1812000
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
214960 shares
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
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CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
9.22
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
39000 shares
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
5.46
CY2018 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
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CY2018 mfin Percentage Of Gross Loan And Leases Receivable
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1.00 pure
CY2018 mfin Interest Income Foregone On Non Accrual Loans
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487000
CY2018 mfin Amount Of Foregone Interest Applied To Principal
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166000
CY2018 mfin Interest Foregone Life To Date
InterestForegoneLifeToDate
1952000
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1214000
CY2018 mfin Loans And Leases Receivable Non Performing Percentage
LoansAndLeasesReceivableNonPerformingPercentage
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CY2018Q1 us-gaap Amortization Of Deferred Charges
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223000
CY2018Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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152000
CY2018Q1 us-gaap Communications And Information Technology
CommunicationsAndInformationTechnology
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CY2018Q1 us-gaap Current Federal Tax Expense Benefit
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CY2018Q1 us-gaap Current State And Local Tax Expense Benefit
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CY2018Q1 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2018Q1 us-gaap Depreciation And Amortization
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CY2018Q1 us-gaap Earnings Per Share Diluted
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CY2018Q1 us-gaap Employee Benefits And Share Based Compensation
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CY2018Q1 us-gaap Earnings Per Share Basic
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1290000
CY2018Q1 us-gaap Financing Receivables Impaired Troubled Debt Restructuring Write Down
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1630000
CY2018Q1 us-gaap Financing Receivable Modifications Number Of Contracts2
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CY2018Q1 us-gaap Income Tax Expense Benefit
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CY2018Q1 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
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CY2018Q1 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2018Q1 us-gaap Income Tax Reconciliation State And Local Income Taxes
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504000
CY2018Q1 us-gaap Income Tax Reconciliation Other Adjustments
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210000
CY2018Q1 us-gaap Investment Company Investment Income Loss Per Share
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CY2018Q1 us-gaap Interest Expense Other
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CY2018Q1 us-gaap Investment Company Distribution To Shareholders Per Share
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CY2018Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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P0Y
CY2018Q1 us-gaap Investment Company Total Return
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CY2018Q1 us-gaap Investment Income Interest
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CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
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CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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0
CY2018Q1 us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
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CY2018Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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0
CY2018Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2018Q1 us-gaap Investment Income Amortization Of Premium
InvestmentIncomeAmortizationOfPremium
21000
CY2018Q1 us-gaap Investment Company Tax Return Of Capital Distribution Per Share
InvestmentCompanyTaxReturnOfCapitalDistributionPerShare
0
CY2018Q1 us-gaap Net Investment Income
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CY2018Q1 us-gaap Operating Expenses
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CY2018Q1 us-gaap Noninterest Expense Directors Fees
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CY2018Q1 us-gaap Other Cost And Expense Operating
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CY2018Q1 us-gaap Paid In Kind Interest
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CY2018Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2018Q1 mfin Shares Repurchase Price Per Share
SharesRepurchasePricePerShare
0
CY2018Q1 mfin Net Increase Decrease In Net Assets Resulting From Operations
NetIncreaseDecreaseInNetAssetsResultingFromOperations
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CY2018Q1 mfin Common Stock Issuance Price Per Share
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CY2018Q1 mfin Net Increase Decrease In Net Assets From Operations Per Share
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CY2018Q1 mfin Weighted Average Cost Of Borrowings
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CY2018Q1 mfin Investment Company Operating Expense Before Expense Support Ratio
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CY2018Q1 mfin Interest Income Foregone On Non Accrual Loans
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1642000
CY2018Q1 mfin Amount Of Foregone Interest Applied To Principal
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792000
CY2018Q1 mfin Interest Foregone Life To Date
InterestForegoneLifeToDate
14127000
CY2018Q1 mfin Amount Of Foregone Interest Applied To Principal Life To Date
AmountOfForegoneInterestAppliedToPrincipalLifeToDate
4287000
CY2018Q1 mfin Income Tax Benefit Per Share
IncomeTaxBenefitPerShare
0.03
CY2018Q1 mfin Investment Owned Unrecognized Unrealized Appreciation Depreciation Net Per Share
InvestmentOwnedUnrecognizedUnrealizedAppreciationDepreciationNetPerShare
0.94
CY2018Q1 mfin Investment Company Average Assets Net
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284021000
CY2018Q1 mfin Investment Company Operating Expense To Average Net Assets
InvestmentCompanyOperatingExpenseToAverageNetAssets
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CY2018Q1 mfin Investment Company Net Investment Income After Income Taxes To Average Net Assets
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CY2018Q1 mfin Investment Company Realized Gain Loss On Investment Per Share
InvestmentCompanyRealizedGainLossOnInvestmentPerShare
0
CY2018Q1 mfin Reverse In Unrealized Gain On Investments
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0
CY2018Q1 mfin Reverse In Unrealized Loss On Investments
ReverseInUnrealizedLossOnInvestments
34747000
CY2018Q1 mfin Appreciation On Investment
AppreciationOnInvestment
37797000
CY2018Q1 mfin Depreciation On Investments
DepreciationOnInvestments
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ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
6.48
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CY2019Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
0
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CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2019Q1 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4%; MARGIN-TOP: 0pt"> <b>Use of Estimates</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 4%"> The preparation of the consolidated financial statements in conformity with accounting principles generally accepted in the US (GAAP) requires management to make estimates that affect the amounts reported in the consolidated financial statements and the accompanying notes. Accounting estimates and assumptions are those that management considers to be the most critical to an understanding of the consolidated financial statements because they inherently involve significant judgments and uncertainties. All of these estimates reflect management&#x2019;s best judgment about current economic and market conditions and their effects based on information available as of the date of these consolidated financial statements. If such conditions change, it is reasonably possible that the judgments and estimates could change, which may result in future impairments of loans and loans in process of foreclosure, goodwill and intangible assets, and investments, among other effects.</p> </div>
CY2019Q1 mfin Net Change In Unrealized Gains Losses Net Of Tax
NetChangeInUnrealizedGainsLossesNetOfTax
669000
CY2019Q1 mfin Reserve Coverage Ratio
ReserveCoverageRatio
0.0360 pure
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NonInterestExpenseIncome
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DistributionToNoncontrollingInterest
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RegulatoryFees
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CY2019Q1 mfin Percentage Of Gross Loan And Leases Receivable
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1998000
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LoanServicingFee
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CY2019Q1 mfin Interest Income Foregone On Non Accrual Loans
InterestIncomeForegoneOnNonAccrualLoans
403000
CY2019Q1 mfin Amount Of Foregone Interest Applied To Principal
AmountOfForegoneInterestAppliedToPrincipal
115000
CY2019Q1 mfin Interest Foregone Life To Date
InterestForegoneLifeToDate
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819000
CY2019Q1 mfin Number Of Medallions
NumberOfMedallions
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CY2019Q1 mfin Number Of Non Operating Segments
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CY2019Q1 mfin Share Based Compensation Arrangement By Share Based Payment Award Options Nonvested Options Forfeited Exercise Price Per Share
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonvestedOptionsForfeitedExercisePricePerShare
0
CY2019Q1 mfin Share Based Compensation Arrangement By Share Based Payment Award Options Nonvested Options Vested Exercise Price Per Share
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonvestedOptionsVestedExercisePricePerShare
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CY2019Q1 mfin Net Interest Margin
NetInterestMargin
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TravelMealsAndEntertainmentExpense
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CY2019Q1 mfin Average Borrowings Outstanding
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NetInvestmentLossAfterTaxes
1395000
CY2019Q1 mfin Delinquency Ratio
DelinquencyRatio
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CY2019Q1 mfin Net Change In Unrealized Depreciation On Investments Operating Activities
NetChangeInUnrealizedDepreciationOnInvestmentsOperatingActivities
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CY2019Q1 mfin Income Tax Expense Benefit On Net Investment
IncomeTaxExpenseBenefitOnNetInvestment
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CY2019Q1 mfin Share Based Compensation Arrangement By Share Based Payment Award Options Nonvested Options Grants In Period Exercise Price Per Share Lower Range Limit
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonvestedOptionsGrantsInPeriodExercisePricePerShareLowerRangeLimit
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonvestedOptionsGrantsInPeriodExercisePricePerShareUpperRangeLimit
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CY2019Q1 mfin Loans And Leases Receivable Non Performing Percentage
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CY2019Q1 mfin Loan In Process Of Foreclosure Loans Collateral Valuation Adjustments
LoanInProcessOfForeclosureLoansCollateralValuationAdjustments
-3757000

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