Pay vs Performance Disclosure - USD ($)
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12 Months Ended |
Dec. 31, 2024 |
Dec. 31, 2023 |
Dec. 31, 2022 |
| Pay vs Performance Disclosure |
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| Pay vs Performance Disclosure, Table |
Pay Versus Performance Table
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Year |
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Summary
Compensation
Table Total
for PEO ($) (1) |
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Compensation Actually Paid
to PEO ($) (2) |
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Average Summary
Compensation
Table for
Non-PEO
Named Executive
Officers ($) (1) |
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Average
Compensation Actually Paid
to Non-PEO
Named Executive
Officers ($) (2) |
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Value of Initial
Fixed $100
Investment
Based on Total
Shareholder
Return ($) |
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Net Income ($) |
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2024 |
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2,594,638 |
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2,560,211 |
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2,265,923 |
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2,235,382 |
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147 |
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35,878,000 |
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2023 |
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3,038,040 |
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3,350,486 |
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2,957,572 |
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3,515,757 |
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218 |
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55,079,000 |
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2022 |
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2,525,860 |
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2,615,441 |
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2,105,523 |
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2,216,740 |
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152 |
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43,840,000 |
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(1)For the years presented, our Principal Executive Officer (“PEO”) was Alvin Murstein, our Chief Executive Officer, and the Non-PEO named executive officers (“Non-PEO NEOs”) were, Andrew M. Murstein, Anthony N. Cutrone, Donald S. Poulton, and D. Justin Haley. The following tables set forth the adjustments made during each year represented in the Pay Versus Performance Table to arrive at compensation “actually paid” to our NEOs during each of the years in question. (2)Amounts reported in this column are based on total compensation reported for our PEO and the average of the total compensation reported for the Non-PEO NEOs in the Summary Compensation Table for the indicated fiscal years and adjusted as shown in the tables below. Fair value of equity awards was computed in accordance with the Company’s methodology used for financial reporting purposes.
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Adjustments to Determine Compensation “Actually Paid” for PEO |
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2024 ($) |
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2023 ($) |
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2022 ($) |
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Deduct for Amounts Reported under the “Stock Awards” Column in the Summary Compensation Table |
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|
(398,319 |
) |
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|
(398,319 |
) |
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(330,839 |
) |
Deduct for Amounts Reported under the “Option Awards” Column in the Summary Compensation Table |
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— |
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— |
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— |
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Increase for Fair Value of Awards Granted during Covered Year that Remain Unvested as of Year End |
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416,972 |
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565,439 |
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|
307,577 |
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Increase for Fair Value of Awards Granted during Covered Year that Vested During Covered Year |
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— |
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— |
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— |
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Increase/Deduct for Change in Fair Value from Prior Year-End to Current Year-End of Awards Granted Prior to Covered Year that were Outstanding and Unvested as of Year-End |
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(64,478 |
) |
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65,500 |
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33,028 |
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Increase/Deduct for Change in Fair Value from Prior Year-end to Vesting Date of Awards Granted Prior to Covered Year that Vested During Covered Year |
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(70,297 |
) |
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57,362 |
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57,917 |
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Deduct for Fair Value of Awards Granted Prior to Covered Year that Failed to Meet Applicable Vesting Conditions During Covered Year |
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— |
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— |
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— |
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Increase Based on Dividends or Other Earnings Paid During Covered Year Prior to Vesting Date of Award |
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81,695 |
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22,463 |
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21,898 |
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Total Adjustments |
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(34,427 |
) |
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312,446 |
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89,581 |
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Adjustments to Determine Compensation “Actually Paid” for Non-PEO NEOs |
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2024 ($) |
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2023 ($) |
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2022 ($) |
|
Deduct for Amounts Reported under the “Stock Awards” Column in the Summary Compensation Table |
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|
(805,281 |
) |
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(759,111 |
) |
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(472,170 |
) |
Deduct for Amounts Reported under the “Option Awards” Column in the Summary Compensation Table |
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— |
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— |
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— |
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Increase for Fair Value of Awards Granted during Covered Year that Remain Unvested as of Year End |
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842,983 |
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1,077,605 |
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438,971 |
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Increase for Fair Value of Awards Granted during Covered Year that Vested During Covered Year |
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— |
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— |
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— |
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Increase/Deduct for Change in Fair Value from Prior Year-End to Current Year-End of Awards Granted Prior to Covered Year that were Outstanding and Unvested as of Year-End |
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(115,107 |
) |
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127,667 |
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41,614 |
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Increase/Deduct for Change in Fair Value from Prior Year-end to Vesting Date of Awards Granted Prior to Covered Year that Vested During Covered Year |
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(103,951 |
) |
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76,392 |
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72,889 |
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Deduct for Fair Value of Awards Granted Prior to Covered Year that Failed to Meet Applicable Vesting Conditions During Covered Year |
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— |
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— |
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— |
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Increase Based on Dividends or Other Earnings Paid During Covered Year Prior to Vesting Date of Award |
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150,815 |
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35,632 |
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29,913 |
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Total Adjustments |
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(30,542 |
) |
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558,185 |
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111,217 |
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| Named Executive Officers, Footnote |
For the years presented, our Principal Executive Officer (“PEO”) was Alvin Murstein, our Chief Executive Officer, and the Non-PEO named executive officers (“Non-PEO NEOs”) were, Andrew M. Murstein, Anthony N. Cutrone, Donald S. Poulton, and D. Justin Haley. The following tables set forth the adjustments made during each year represented in the Pay Versus Performance Table to arrive at compensation “actually paid” to our NEOs during each of the years in question.
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| PEO Total Compensation Amount |
$ 2,594,638
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$ 3,038,040
|
$ 2,525,860
|
| PEO Actually Paid Compensation Amount |
$ 2,560,211
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3,350,486
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2,615,441
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| Adjustment To PEO Compensation, Footnote |
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Adjustments to Determine Compensation “Actually Paid” for PEO |
|
2024 ($) |
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|
2023 ($) |
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|
2022 ($) |
|
Deduct for Amounts Reported under the “Stock Awards” Column in the Summary Compensation Table |
|
|
(398,319 |
) |
|
|
(398,319 |
) |
|
|
(330,839 |
) |
Deduct for Amounts Reported under the “Option Awards” Column in the Summary Compensation Table |
|
— |
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|
— |
|
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— |
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Increase for Fair Value of Awards Granted during Covered Year that Remain Unvested as of Year End |
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|
416,972 |
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|
565,439 |
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|
307,577 |
|
Increase for Fair Value of Awards Granted during Covered Year that Vested During Covered Year |
|
— |
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— |
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|
— |
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Increase/Deduct for Change in Fair Value from Prior Year-End to Current Year-End of Awards Granted Prior to Covered Year that were Outstanding and Unvested as of Year-End |
|
|
(64,478 |
) |
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65,500 |
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|
33,028 |
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Increase/Deduct for Change in Fair Value from Prior Year-end to Vesting Date of Awards Granted Prior to Covered Year that Vested During Covered Year |
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|
(70,297 |
) |
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|
57,362 |
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|
57,917 |
|
Deduct for Fair Value of Awards Granted Prior to Covered Year that Failed to Meet Applicable Vesting Conditions During Covered Year |
|
— |
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|
— |
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— |
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Increase Based on Dividends or Other Earnings Paid During Covered Year Prior to Vesting Date of Award |
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|
81,695 |
|
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|
22,463 |
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|
|
21,898 |
|
Total Adjustments |
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|
(34,427 |
) |
|
|
312,446 |
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|
89,581 |
|
|
|
|
|
|
|
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|
Adjustments to Determine Compensation “Actually Paid” for Non-PEO NEOs |
|
2024 ($) |
|
|
2023 ($) |
|
|
2022 ($) |
|
Deduct for Amounts Reported under the “Stock Awards” Column in the Summary Compensation Table |
|
|
(805,281 |
) |
|
|
(759,111 |
) |
|
|
(472,170 |
) |
Deduct for Amounts Reported under the “Option Awards” Column in the Summary Compensation Table |
|
— |
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|
— |
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|
— |
|
Increase for Fair Value of Awards Granted during Covered Year that Remain Unvested as of Year End |
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|
842,983 |
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|
1,077,605 |
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|
438,971 |
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Increase for Fair Value of Awards Granted during Covered Year that Vested During Covered Year |
|
— |
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|
— |
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|
— |
|
Increase/Deduct for Change in Fair Value from Prior Year-End to Current Year-End of Awards Granted Prior to Covered Year that were Outstanding and Unvested as of Year-End |
|
|
(115,107 |
) |
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|
127,667 |
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|
41,614 |
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Increase/Deduct for Change in Fair Value from Prior Year-end to Vesting Date of Awards Granted Prior to Covered Year that Vested During Covered Year |
|
|
(103,951 |
) |
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|
76,392 |
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|
72,889 |
|
Deduct for Fair Value of Awards Granted Prior to Covered Year that Failed to Meet Applicable Vesting Conditions During Covered Year |
|
— |
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|
— |
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|
— |
|
Increase Based on Dividends or Other Earnings Paid During Covered Year Prior to Vesting Date of Award |
|
|
150,815 |
|
|
|
35,632 |
|
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|
29,913 |
|
Total Adjustments |
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|
(30,542 |
) |
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|
558,185 |
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|
111,217 |
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| Non-PEO NEO Average Total Compensation Amount |
$ 2,265,923
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2,957,572
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2,105,523
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| Non-PEO NEO Average Compensation Actually Paid Amount |
$ 2,235,382
|
3,515,757
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2,216,740
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| Adjustment to Non-PEO NEO Compensation Footnote |
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Adjustments to Determine Compensation “Actually Paid” for PEO |
|
2024 ($) |
|
|
2023 ($) |
|
|
2022 ($) |
|
Deduct for Amounts Reported under the “Stock Awards” Column in the Summary Compensation Table |
|
|
(398,319 |
) |
|
|
(398,319 |
) |
|
|
(330,839 |
) |
Deduct for Amounts Reported under the “Option Awards” Column in the Summary Compensation Table |
|
— |
|
|
— |
|
|
|
— |
|
Increase for Fair Value of Awards Granted during Covered Year that Remain Unvested as of Year End |
|
|
416,972 |
|
|
|
565,439 |
|
|
|
307,577 |
|
Increase for Fair Value of Awards Granted during Covered Year that Vested During Covered Year |
|
— |
|
|
— |
|
|
— |
|
Increase/Deduct for Change in Fair Value from Prior Year-End to Current Year-End of Awards Granted Prior to Covered Year that were Outstanding and Unvested as of Year-End |
|
|
(64,478 |
) |
|
|
65,500 |
|
|
|
33,028 |
|
Increase/Deduct for Change in Fair Value from Prior Year-end to Vesting Date of Awards Granted Prior to Covered Year that Vested During Covered Year |
|
|
(70,297 |
) |
|
|
57,362 |
|
|
|
57,917 |
|
Deduct for Fair Value of Awards Granted Prior to Covered Year that Failed to Meet Applicable Vesting Conditions During Covered Year |
|
— |
|
|
— |
|
|
— |
|
Increase Based on Dividends or Other Earnings Paid During Covered Year Prior to Vesting Date of Award |
|
|
81,695 |
|
|
|
22,463 |
|
|
|
21,898 |
|
Total Adjustments |
|
|
(34,427 |
) |
|
|
312,446 |
|
|
|
89,581 |
|
|
|
|
|
|
|
|
|
|
|
Adjustments to Determine Compensation “Actually Paid” for Non-PEO NEOs |
|
2024 ($) |
|
|
2023 ($) |
|
|
2022 ($) |
|
Deduct for Amounts Reported under the “Stock Awards” Column in the Summary Compensation Table |
|
|
(805,281 |
) |
|
|
(759,111 |
) |
|
|
(472,170 |
) |
Deduct for Amounts Reported under the “Option Awards” Column in the Summary Compensation Table |
|
— |
|
|
— |
|
|
— |
|
Increase for Fair Value of Awards Granted during Covered Year that Remain Unvested as of Year End |
|
|
842,983 |
|
|
|
1,077,605 |
|
|
|
438,971 |
|
Increase for Fair Value of Awards Granted during Covered Year that Vested During Covered Year |
|
— |
|
|
— |
|
|
— |
|
Increase/Deduct for Change in Fair Value from Prior Year-End to Current Year-End of Awards Granted Prior to Covered Year that were Outstanding and Unvested as of Year-End |
|
|
(115,107 |
) |
|
|
127,667 |
|
|
|
41,614 |
|
Increase/Deduct for Change in Fair Value from Prior Year-end to Vesting Date of Awards Granted Prior to Covered Year that Vested During Covered Year |
|
|
(103,951 |
) |
|
|
76,392 |
|
|
|
72,889 |
|
Deduct for Fair Value of Awards Granted Prior to Covered Year that Failed to Meet Applicable Vesting Conditions During Covered Year |
|
— |
|
|
— |
|
|
— |
|
Increase Based on Dividends or Other Earnings Paid During Covered Year Prior to Vesting Date of Award |
|
|
150,815 |
|
|
|
35,632 |
|
|
|
29,913 |
|
Total Adjustments |
|
|
(30,542 |
) |
|
|
558,185 |
|
|
|
111,217 |
|
|
|
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| Compensation Actually Paid vs. Total Shareholder Return |
The graphs below describe the relationship between compensation actually paid to our PEO and to the non-PEO NEOs (as calculated above) and our financial and stock performance for the indicated years. The first graph reflects the relationship among the compensation actually paid to the PEO, the average compensation actually paid to the non-PEO NEOs and our cumulative total shareholder return for the years ended December 31, 2024, 2023, and 2022. 
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| Compensation Actually Paid vs. Net Income |
The graph below reflects the relationship among the compensation actually paid to the PEO, the average compensation actually paid to the non-PEO NEOs and the Company’s net income for the years ended December 31, 2024, 2023, and 2022.
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| Tabular List, Table |
Company’s Most Important Financial Performance Measures The following are the most important financial performance measures used by the Company to link compensation actually paid to our NEOs to the performance of the Company for the fiscal year ended December 31, 2024. •Net Income Attributable to Shareholders •Return on Shareholders’ Equity •Medallion Portfolio Cash Received •Medallion Bank Segment Performance Metrics
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| Total Shareholder Return Amount |
$ 147
|
218
|
152
|
| Net Income (Loss) |
$ 35,878,000
|
$ 55,079,000
|
$ 43,840,000
|
| PEO Name |
Alvin Murstein
|
Alvin Murstein
|
Alvin Murstein
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| Measure:: 1 |
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| Pay vs Performance Disclosure |
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| Name |
Net Income Attributable to Shareholders
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| Measure:: 2 |
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| Pay vs Performance Disclosure |
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| Name |
Diluted EPS
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| Measure:: 3 |
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| Pay vs Performance Disclosure |
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| Name |
Return on Shareholders’ Equity
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| Measure:: 4 |
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| Pay vs Performance Disclosure |
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| Name |
Asset Growth
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| Measure:: 5 |
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| Pay vs Performance Disclosure |
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| Name |
Medallion Portfolio Cash Received
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| Measure:: 6 |
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| Pay vs Performance Disclosure |
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| Name |
Medallion Bank Segment Performance Metrics oTotal Net IncomeoReturn on Assets
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| PEO |
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| Pay vs Performance Disclosure |
|
|
|
| Adjustment to Compensation, Amount |
$ (34,427)
|
$ 312,446
|
$ 89,581
|
| PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table |
|
|
|
| Pay vs Performance Disclosure |
|
|
|
| Adjustment to Compensation, Amount |
(398,319)
|
(398,319)
|
(330,839)
|
| PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested |
|
|
|
| Pay vs Performance Disclosure |
|
|
|
| Adjustment to Compensation, Amount |
416,972
|
565,439
|
307,577
|
| PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested |
|
|
|
| Pay vs Performance Disclosure |
|
|
|
| Adjustment to Compensation, Amount |
(64,478)
|
65,500
|
33,028
|
| PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year |
|
|
|
| Pay vs Performance Disclosure |
|
|
|
| Adjustment to Compensation, Amount |
0
|
0
|
0
|
| PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year |
|
|
|
| Pay vs Performance Disclosure |
|
|
|
| Adjustment to Compensation, Amount |
(70,297)
|
57,362
|
57,917
|
| PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year |
|
|
|
| Pay vs Performance Disclosure |
|
|
|
| Adjustment to Compensation, Amount |
0
|
0
|
0
|
| PEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year |
|
|
|
| Pay vs Performance Disclosure |
|
|
|
| Adjustment to Compensation, Amount |
81,695
|
22,463
|
21,898
|
| PEO | Deduct for Amounts Reported under the "Option Awards" Column in the Summary Compensation Table [Member] |
|
|
|
| Pay vs Performance Disclosure |
|
|
|
| Adjustment to Compensation, Amount |
(0)
|
0
|
0
|
| Non-PEO NEO |
|
|
|
| Pay vs Performance Disclosure |
|
|
|
| Adjustment to Compensation, Amount |
(30,542)
|
558,185
|
111,217
|
| Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table |
|
|
|
| Pay vs Performance Disclosure |
|
|
|
| Adjustment to Compensation, Amount |
(805,281)
|
(759,111)
|
(472,170)
|
| Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested |
|
|
|
| Pay vs Performance Disclosure |
|
|
|
| Adjustment to Compensation, Amount |
842,983
|
1,077,605
|
438,971
|
| Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested |
|
|
|
| Pay vs Performance Disclosure |
|
|
|
| Adjustment to Compensation, Amount |
(115,107)
|
127,667
|
41,614
|
| Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year |
|
|
|
| Pay vs Performance Disclosure |
|
|
|
| Adjustment to Compensation, Amount |
0
|
0
|
0
|
| Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year |
|
|
|
| Pay vs Performance Disclosure |
|
|
|
| Adjustment to Compensation, Amount |
(103,951)
|
76,392
|
72,889
|
| Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year |
|
|
|
| Pay vs Performance Disclosure |
|
|
|
| Adjustment to Compensation, Amount |
0
|
0
|
0
|
| Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year |
|
|
|
| Pay vs Performance Disclosure |
|
|
|
| Adjustment to Compensation, Amount |
150,815
|
35,632
|
29,913
|
| Non-PEO NEO | Deduct for Amounts Reported under the "Option Awards" Column in the Summary Compensation Table [Member] |
|
|
|
| Pay vs Performance Disclosure |
|
|
|
| Adjustment to Compensation, Amount |
$ 0
|
$ 0
|
$ 0
|