Marlin business services corp. (MRLN)
Balance Sheet / Yearly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
ASSETS
Cash and due from banks

5,261

4,701

5,929

5,170

4,737

5,088

5,442

4,435

4,394

3,544

5,297

4,827

4,044

4,055

3,850

3,463

3,402

4,946

4,366

5,246

4,534

2,437

4,343

3,382

3,145

3,534

2,688

3,916

3,668

2,472

897

86

145

1,035

1,289

558

2,557

Interest-earning deposits with banks

205,809

118,395

126,532

134,561

136,215

92,068

83,006

94,792

80,497

63,602

77,640

72,489

71,684

57,702

73,775

75,304

61,691

55,183

100,852

85,494

108,595

108,219

99,868

95,230

115,450

82,119

73,129

81,914

71,869

62,498

69,128

48,921

39,455

41,250

47,056

51,346

34,469

Total cash and cash equivalents

211,070

123,096

132,461

139,731

140,952

97,156

88,448

99,227

84,891

67,146

82,937

77,316

75,728

61,757

77,625

78,767

65,093

60,129

105,218

90,740

113,129

110,656

104,211

98,612

118,595

85,653

75,817

85,830

75,537

64,970

70,025

49,007

39,600

42,285

48,345

51,904

37,026

Time deposits

13,664

12,927

14,919

12,679

11,239

9,659

9,410

8,414

7,664

8,110

8,360

8,360

9,107

9,605

9,107

9,108

8,613

7,368

7,368

7,368

3,135

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted interest-earning deposits with banks

6,474

6,931

7,576

8,152

13,174

14,045

10,049

-

-

0

-

-

-

0

0

26

112

216

389

543

1,545

711

945

963

1,190

1,273

1,600

1,786

2,161

3,520

10,747

13,175

28,487

28,637

29,419

30,910

47,107

Investment securities (amortized cost of $10.6 million and $11.1 million at March 31, 2020 and December 31, 2019, respectively

10,480

11,076

10,222

10,633

10,676

10,956

10,973

10,757

10,946

11,533

11,878

10,040

4,981

5,880

6,075

6,336

6,276

6,399

6,048

6,258

5,554

5,722

5,593

5,634

5,480

5,387

5,459

5,544

5,839

4,845

3,346

3,347

3,287

1,780

1,767

1,715

1,534

Net investment in leases and loans [abstract]
Capital leases net investment in sales type leases

407,148

426,608

456,528

478,068

480,766

489,299

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Notes Receivable Net

614,988

601,607

-

-

-

527,541

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total commercial loans, net of origination costs and fees deferred

-

-

597,181

600,980

559,306

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net investment in leases and loans, excluding allowance for credit losses

1,022,136

1,028,215

1,053,709

1,079,048

1,040,072

1,016,840

986,342

978,679

946,247

929,271

900,934

875,262

840,527

807,654

769,495

-

-

690,845

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Allowance for Credit Losses

52,060

21,695

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Allowance for Credit Losses

-

-

19,211

16,777

16,882

16,100

15,917

15,570

15,620

14,851

14,504

12,559

11,687

10,937

10,073

-

-

8,413

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total net investment in leases and loans

970,076

1,006,520

1,034,498

1,062,271

1,023,190

1,000,740

970,425

963,109

930,627

914,420

886,430

862,703

828,840

796,717

759,422

730,750

702,126

682,432

659,253

641,082

628,019

629,507

618,691

615,132

600,516

597,075

576,377

556,309

525,901

503,017

472,059

443,231

412,553

387,840

367,000

354,525

351,569

Intangible assets

7,261

7,461

7,690

7,920

8,149

7,912

8,131

1,022

1,075

1,128

1,181

1,234

1,310

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill

0

6,735

6,735

6,735

6,735

7,360

7,360

1,160

1,160

1,160

1,160

1,160

1,160

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease right-of-use assets

8,618

8,863

9,071

8,626

6,048

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Property, Plant, and Equipment, Net

8,138

7,888

6,266

4,014

3,992

4,317

3,924

3,915

4,035

4,204

4,295

4,411

3,406

3,495

3,624

3,736

3,687

3,872

4,003

3,993

3,516

2,846

2,593

2,447

2,141

2,265

2,502

2,122

1,851

1,970

2,062

2,186

2,076

2,052

2,183

2,149

2,180

This element represents property taxes receivable from lessees

10,291

5,493

5,889

8,070

9,133

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Property tax receivables

-

-

-

-

-

5,245

6,281

7,175

11,740

6,292

7,416

10,251

11,039

5,296

5,415

5,381

5,866

47

885

5,977

6,212

690

1,495

4,834

5,682

377

4,861

4,692

4,963

397

43

337

3,624

265

44

298

197

Other assets

17,465

10,453

12,089

11,152

13,437

9,656

11,732

18,532

19,087

26,167

9,360

9,607

8,921

9,408

7,733

7,687

9,333

12,521

7,290

9,011

8,119

8,317

6,657

8,623

7,432

10,177

6,535

23,256

23,388

23,629

20,755

21,238

23,044

23,110

24,624

25,747

28,449

Total assets

1,263,537

1,207,443

1,247,416

1,279,983

1,246,725

1,167,046

1,126,733

1,113,311

1,071,225

1,040,160

1,013,017

985,082

944,492

892,158

869,001

841,791

801,106

772,984

790,454

764,972

769,229

758,449

740,185

736,245

741,036

702,207

673,151

679,539

639,640

602,348

579,037

532,521

512,671

485,969

473,382

467,248

468,062

LIABILITIES AND STOCKHOLDER'S EQUITY
Deposits

941,996

839,132

869,257

888,561

840,167

755,776

700,107

863,568

833,145

809,315

806,954

780,838

739,793

697,357

676,920

650,429

612,721

587,940

579,625

554,190

557,835

550,119

534,556

531,930

538,209

503,038

477,423

461,516

419,598

378,188

341,993

283,782

238,760

198,579

157,398

124,522

92,919

Long-term borrowings related to consolidated VIEs

-

-

91,739

109,637

129,171

-

174,519

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease liabilities

9,487

9,730

9,745

9,074

9,104

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1,021

5,413

15,514

33,083

48,046

73,692

92,004

115,089

143,794

178,650

Other liabilities:
Dividends Payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

25,508

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Sales and property taxes payable

7,267

2,678

6,104

7,827

8,590

3,775

6,247

7,624

7,790

2,963

5,604

7,151

8,133

2,586

5,137

6,948

7,911

2,686

5,409

6,335

7,052

2,739

5,794

7,082

7,229

4,035

6,396

7,687

8,795

4,505

4,537

5,185

4,953

2,169

4,095

4,717

1,978

Accounts payable and accrued expenses

28,427

34,028

32,295

32,597

34,105

36,369

34,587

31,880

27,774

31,492

23,835

21,000

20,913

14,809

13,814

13,778

11,709

15,371

13,279

12,066

12,359

14,406

13,440

11,229

12,575

14,220

-

-

-

12,062

-

-

-

-

-

-

-

Deferred Tax Assets (Liabilities), Net

-

-

-

-

-

22,560

-

-

-

16,741

-

-

-

15,117

-

-

-

16,849

-

-

-

17,221

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable and accrued expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,536

10,586

9,973

-

10,764

8,794

8,715

8,791

8,923

7,841

8,019

Net deferred income tax liability

25,677

30,828

29,489

26,733

23,938

-

17,730

20,597

18,589

-

10,329

11,910

13,008

-

14,462

14,951

16,289

-

15,319

15,891

16,894

-

16,349

17,702

16,872

-

16,817

17,454

18,426

-

17,161

18,249

20,710

-

25,470

24,803

26,493

Net deferred income tax liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-17,876

-

-

-

-17,829

-

-

-

-20,325

-

-

-

Total liabilities

1,075,047

992,487

1,038,629

1,074,429

1,045,075

968,535

933,190

923,669

887,298

860,511

846,722

820,899

781,847

729,869

710,333

686,106

648,630

622,846

639,140

588,482

594,140

584,485

570,139

567,943

574,885

539,169

513,172

498,264

462,205

428,098

407,538

364,056

346,830

321,868

310,975

305,677

308,059

Commitments and contingencies

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

Stockholders' equity:
Preferred Stock, $0.01 par value; 5,000,000 shares authorized; none issued

0

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Common Stock, $0.01 par value; 75,000,000 shares authorized; 11,884,473 and 12,113,585 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively

119

121

122

123

123

124

124

124

124

124

125

125

126

126

126

125

125

124

126

128

128

128

128

129

129

130

130

129

129

128

127

127

127

128

128

129

129

Additional paid-in capital

75,647

79,665

80,228

82,726

83,215

83,496

83,317

83,474

82,509

82,588

83,393

82,827

84,068

83,505

82,892

82,518

82,056

81,703

84,004

86,725

87,834

89,130

88,545

90,117

91,569

91,730

90,610

89,163

88,314

87,494

87,361

86,742

86,396

85,544

85,159

86,199

86,987

Stock subscription receivable

-

-

2

2

2

-

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

Accumulated other comprehensive income (loss)

20

58

89

48

-4

-44

-149

-73

-98

-96

-82

-106

-109

-138

-5

-22

-49

-129

-27

-75

-35

-17

-84

-106

-191

-257

-198

-152

41

55

66

51

1

1

-14

-60

-132

Retained earnings

112,704

135,112

128,350

122,659

118,318

114,935

110,253

106,119

101,394

97,035

82,861

81,339

78,562

78,798

75,657

73,066

70,346

68,442

67,213

89,714

87,164

84,725

81,459

78,164

74,646

71,437

69,439

92,137

88,953

86,575

83,947

81,547

79,319

78,430

77,136

75,305

73,021

Balance

188,490

214,956

208,787

205,554

201,650

198,511

193,543

189,642

183,927

179,649

166,295

164,183

162,645

162,289

158,668

155,685

152,476

150,138

151,314

176,490

175,089

173,964

170,046

168,302

166,151

163,038

159,979

181,275

177,435

174,250

171,499

168,465

165,841

164,101

162,407

161,571

160,003

Total liabilities and stockholders equity

1,263,537

1,207,443

1,247,416

1,279,983

1,246,725

1,167,046

1,126,733

1,113,311

1,071,225

1,040,160

1,013,017

985,082

944,492

892,158

869,001

841,791

801,106

772,984

790,454

764,972

769,229

758,449

740,185

736,245

741,036

702,207

673,151

679,539

639,640

602,348

579,037

532,521

512,671

485,969

473,382

467,248

468,062

Variable Interest Entity, Primary Beneficiary [Member]
Restricted interest-earning deposits with banks

6,500

6,900

-

-

-

10,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net investment in leases and loans, excluding allowance for credit losses

62,000

76,100

-

-

-

150,200

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Liabilities noncurrent

62,193

76,091

-

-

-

150,055

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-