Marlin Business Bank

Headquarters

2795 E. Cottonwood Parkway, Suite 120
Salt Lake City, UT 84121
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.05% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.05% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Marlin Business Bank is an FDIC insured institution located in Salt Lake City, UT. It was founded in 2008 and has approximately $1.12 billion in assets.

FDIC Insured Yes
FDIC Certificate # 58267
Date Established 2008
Assets $ 1,123.75 million
Loans $ 899.65 million
Deposits $ 950.02 million
Capital $ 125.68 million
 

For a more detailed analysis of Marlin Business Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - September 23, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 23, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Marlin Business Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,128 $1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.990 %
$0 Learn More
More Info

Note to Marlin Business Bank
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Branches

Marlin Business Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


Marlin Business Bank Locations


Financial Details

Marlin Business Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Marlin Business Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Marlin Business Bank U.S. Bank Average
3.87% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, Marlin Business Bank had $6,800,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $125,682,000 in equity and $49,886,000 in loans loss reserves. That gives it a Texas Ratio of 3.87%.

Return on Equity
Marlin Business Bank U.S. Bank Average
-24.31% 7.80%

Marlin Business Bank has a Return on Equity of -24.31% versus the BestCashCow average of 7.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Marlin Business Bank U.S. Bank Average
11.18% 12.68%

Marlin Business Bank has a Capitalization of 11.18% versus the BestCashCow average of 12.68. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Marlin Business Bank Balance Sheet Analysis

As of March 31, 2020, Marlin Business Bank had assets of $1,123,748,000, loans of $899,654,000, and deposits of $950,018,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 182.40 million
Interest-bearing balances $ 180.71 million
Total securities $ 24.03 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 899.65 million
Loan loss allowance $ 49.89 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 17.56 million
     Total Assets $ 998.07 million
LIABILITIES
Total deposits $ 950.02 million
      Interest-bearing deposits $ 945.00 million
      Deposits held in domestic offices $ 950.02 million
      % insured (estimated) 98.94%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 0.11 million
Subordinated debt N.A.
All other liabilities $ 47.94 million
      Total Liabilities $ 998.07 million
      Shareholders’ Equity $ 125.68 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 26.98 million
Total Interest Expense $ 4.97 million
Net interest income $ 22.02 million
Provision for loan and lease losses $ 23.88 million
Total non interest income $ 3.50 million
Total non interest expense $ 17.29 million
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Marlin Business Bank’s loan portfolio are Commercial and Industrial Loans, Farm Loans, and Multifamily Mortgages.

Compared to other banks in Utah, Marlin Business Bank has a significantly higher percent of Commercial and Industrial Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 0.00
Multifamily
Mortgages
0.16
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 64.31
Farm Loans 0.38

Frequently Asked Questions About Marlin Business Bank

Branches and Savings

Is Marlin Business Bank FDIC insured?

Yes. It is covered under FDIC Certificate #58267.

Why does Marlin Business Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Marlin Business Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Marlin Business Bank a commercial bank?

Yes

Where are Marlin Business Bank locations?

See branch locations nearby.

Is Marlin Business Bank open on Saturdays?

Is Marlin Business Bank open on Sundays?

What time does Marlin Business Bank open?

What time does Marlin Business Bank close?

Are Marlin Business Bank ATMs Open 24/7?

Do Marlin Business Bank ATMs accept cash deposits?

Can Marlin Business Bank customers use other ATMs?

Do Marlin Business Bank branches have notaries?

Will Marlin Business Bank notarize my document?

What address for Marlin Business Bank should I put for incoming ACH transfers?

Will the Marlin Business Bank branch print checks?

Do Marlin Business Bank checks expire?

Does Marlin Business Bank require US citizenship to open account?

Can Marlin Business Bank close my account?

Does Marlin Business Bank Report to credit bureaus?

Does Marlin Business Bank Use Equifax?

What is Marlin Business Bank's ACH Routing Number?

What is Marlin Business Bank's SWIFT code?

Products

Does Marlin Business Bank offer mortgages?

Compare mortgage rates here.

Does Marlin Business Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Marlin Business Bank offer personal loans?

Compare personal loan rates here.

Does Marlin Business Bank offer student loans?

Will Marlin Business Bank cash a check?

Will Marlin Business Bank redeem a savings bond?

Does Marlin Business Bank cash savings bonds?

Will Marlin Business Bank cash money orders?

Can Marlin Business Bank issue a money order?

Does Marlin Business Bank do currency exchange?

Background on The Bank

Who owns Marlin Business Bank?

How long has Marlin Business Bank been around?

Can Marlin Business Bank transfer to other banks?

Does Marlin Business Bank have quick pay?

Does Marlin Business Bank accept rolled coins?

Will Marlin Business Bank accept loose change?

Where is Marlin Business Bank headquarters?

Customer Reviews for Marlin Business Bank


  • December 18, 2015

    Former Marlin Loan that was paid off in 2014 on a welder. I have found a 3.5 acre property that I want to purchase to expanmd my business. The property has 1400 sq ft house and 2 car garage. i could have my fabrication shop there and rent spaces for RV, Boat, Truck, Trailer, Constructiuon Equioment staorage by the month. Please call me at 951-317-4290. Thanks, David Dailey

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