Medallion Bank
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Data as of · sourced from FFIEC call reports. How we update
Medallion Bank is an FDIC-insured commercial bank headquartered in Salt Lake City, UT, established in 2003 (FDIC certificate 57449), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $2.83B, up 10.0% from Q2 2025, the 22nd largest of 44 banks headquartered in Utah. Its CET1 capital ratio was 13.12% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 57449
- Headquarters
- Salt Lake City, UT
- Established
- 2003
- Total assets, Q2 2026
- $2.83B
- Assets vs Q2 2025
- +10.0%
- CET1 ratio, Q2 2026
- 13.12%
- Domestic offices
- 1 FDIC institution directory, current count
- Routing number
- 124085228
- Holding company
- MEDALLION FINANCIAL CORP.
- Asset rank in state
- 22nd of 44 in Utah
Medallion Bank is one of the more profitable banks of its size. It reported $2.8 billion in assets at June 30, 2026, up 10.0% from a year earlier. It earns about $2.38 a year on every $100 of assets, about double the median of $1.29 for the 895 banks with $1 billion to $10 billion in assets. It also spends about 27 cents to bring in each dollar of revenue, about half the median of 58 cents for banks its size.
Funding is the softer spot: it pays an average of 4.00% on its deposits and borrowings, about double the median of 2.01% for banks its size.
As of June 30, 2026, Medallion Bank reported a CET1 capital ratio of 13.12%, a return on assets of 2.38%, a nonperforming-loan ratio of 0.45% and a Texas ratio of 2.14%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Medallion Bank is the 22nd largest of the 44 banks headquartered in Utah. Between Q1 2026 and Q2 2026, its total assets rose 6.9% to $2.83B, loans rose 6.8% and deposits rose 7.8%. Other consumer loans made up 100.0% of its total loans on June 30, 2026, its largest category. The FDIC Summary of Deposits lists a single office for it, in Salt Lake City, UT. On its Q2 2026 call report, Medallion Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 1100 E 6600 S, Salt Lake City, UT 84121
- County
- Salt Lake
- Metro Area
- Salt Lake City-Murray, UT
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- San Francisco (Region 14)
- Federal Reserve member
- No
- Federal Reserve district
- District 12, San Francisco
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- December 22, 2003
- Domestic offices
- 1 FDIC institution directory, current count
- Employees (FTE)
- 156
- Domestic deposits
- $2.30B
- Allowance for credit losses
- $112.4M
- Net charge-offs (YTD)
- $36.8M
- Average total assets
- $2.68B
- Average total loans
- $2.55B
- Average interest-bearing deposits
- $2.21B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- No
- FDIC-insured since
- December 22, 2003
- FDIC Cert
- 57449
- Fed RSSD
- 3228908
- SEC CIK
- 1000209 → filed by MEDALLION FINANCIAL CORP.
- Website
- www.medallionbank.com →
- Parent Holding Company
- MEDALLION FINANCIAL CORP. (RSSD 2832951) · MFIN
Management
Senior officers at parent holding company, from SEC Form 3/4/5 disclosures
| Name | Role | Title |
|---|---|---|
| Andrew Murstein | PRES | President |
| Anthony N. Cutrone | CFO | Chief Financial Officer |
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, Medallion Bank's total assets ran between $2.26B (Q3 2023) and $2.83B (Q2 2026), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$2.83B total assets against $2.58B; $2.38B total liabilities against $2.10B.
$2.55B net loans and leases against $2.27B; $2.30B total deposits against $2.01B.
$71.7M securities against $63.3M; $128.7M cash and balances due against $117.3M.
$80.2M total interest income against $73.2M; $22.1M total interest expense against $19.6M.
$58.1M net interest income against $53.6M.
$3.0M total noninterest income against $3.0M; $16.8M total noninterest expense against $14.1M.
$21.6M provision for credit losses against $18.7M.
$16.0M net income against $17.3M.
2.38% return on assets against 2.79%; 8.52% net interest margin against 8.57%.
13.12% CET1 capital ratio against 13.75%; 16.92% tier 1 leverage ratio against 19.30%.
Inside the full Medallion Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Loans outstanding are at or above total deposits. The bank reports little borrowing or brokered funding, so the difference is carried mainly by equity and other liabilities. Worth watching if loan growth continues to outpace deposits. Industry heuristic, not a supervisory threshold.
Medallion Bank rankings
Its closest position to the top of a national ranking is 30 of 3,606, for efficiency ratio; its furthest is 979 of 980, for uninsured deposits.
Metric pages for Medallion Bank: ROA, Efficiency ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 2.02% (Q1 2026) to 3.13% (Q3 2025) and its net interest margin ran from 8.35% (Q1 2026) to 8.71% (Q3 2025).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 13.12% | 2.38% | 0.45% | 2.14% | 8.52% |
| Q1 2026 | 13.74% | 2.02% | 0.46% | 2.09% | 8.35% |
| Q4 2025 | 14.40% | 3.04% | 0.61% | 2.69% | 8.63% |
| Q3 2025 | 13.96% | 3.13% | 0.46% | 2.05% | 8.71% |
| Q2 2025 | 13.75% | 2.79% | 0.39% | 1.62% | 8.57% |
| Q1 2025 | 13.60% | 2.52% | 0.39% | 1.91% | 8.36% |
| Q4 2024 | 13.26% | 2.50% | 0.51% | 2.57% | 8.44% |
| Q3 2024 | 12.97% | 2.54% | 0.53% | 2.69% | 8.61% |
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Branch Network
View the branch → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Medallion Bank (main office) | Salt Lake City , UT | 84121 | $2.30B |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.2% of deposits in UT, rank 27 of 63 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Not on file
- Enforcement actions, Mortgage lending (HMDA), SBA 7(a) lending, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Medallion Bank
What are Medallion Bank's total assets?
As of the Q2 2026 filing, Medallion Bank reported total assets of $2.83 billion in its FFIEC call report.
Where is Medallion Bank headquartered?
It is headquartered in Salt Lake City, UT, United States.
When was Medallion Bank founded?
It was established in 2003, per the FDIC institution directory.
Is Medallion Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #57449). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Medallion Bank?
Medallion Bank's primary federal regulator is the FDIC.
What is Medallion Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 13.12% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Medallion Bank operate?
It operates 1 domestic office, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Medallion Bank's Texas Ratio?
Its Texas Ratio is 2.14% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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