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2795 E. Cottonwood Parkway, Suite 120
Salt Lake City, UT 84121

Marlin Business Bank is headquartered in Salt Lake City and is the 25th largest bank in the state of Utah. It is also the 1,066th largest bank in the nation. It was established in 2008 and as of December of 2013, it had grown to 7 employees at 1 location. Marlin Business Bank has a A+ health rating.

Reviews (1)

Late Fees And Methods To Collect More Fees

I am not making any kind of rude or derisive remarks.....just stating facts that I can prove. Marlin Business experience has found that they charge late fees even when you pay plenty ahead. They just claim that you are late. When I queried, if they may have mail problems, the answer was no. There is nothing wrong with their mail delivery. I pay bank sent my payment so that it should arrive on the 13th..2 days ahead of the due date, the 15th. Marlin claims that they did not receive it until the 17th. My bank is experienced enough to know how long the mail takes to get there, and when it has to be sent. As in this case, they did it such that it would have an extra 2 days, ensuring on time arrival. I do believe that this is an intentional way of collecting additional late fees. Marlin Business Bank should be accepting electronic payments so that this type of controversy would be over, but so would their collection of made-up late charges. Be careful when considering doing business with this bank, especially leasing services. You will end up paying more than you thought.



Data for Q4 2013

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Marlin Business Bank had $1.36 million in non-current loans and owned real-estate with $103.49 million in equity and loan loss allowances on hand to cover it. This gives Marlin Business Bank a Texas Ratio of 1.32% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Marlin Business Bank experienced no significant changes from 1.18% as of December 31, 2012 to 1.32% as of December 31, 2013, resulting in a negative change of 12.02%. This indicates that the balance sheet and financial strength for Marlin Business Bank has had no significant changes in recent periods.

Deposit Growth


In the past year, Marlin Business Bank has increased its total deposits by $124.88 million, resulting in 33% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Marlin Business Bank has shown is excellent.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Marlin Business Bank has $631.08 million in assets with $103.49 million in equity, resulting in a capitalization level of 16.40%, which is excellent.

Institution Statistics

FDIC Certificate #58267
Year Established2008
Primary RegulatorFED
Assets and Liabilities
Assets$631.09 million
Loans$564.90 million
Deposits$503.32 million
Equity Capital$95.26 million
Loan Loss Allowance$8.24 million
Unbacked Noncurrent Loans$1.37 million
Real Estate Owned$0
Historic Data - December 2012
Assets$475.91 million
Equity Capital$69.40 million
Loan Loss Allowance$5.00 million
Unbacked Noncurrent Loans$1.37 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin11.51%
Return on Assets2.89%
Return on Equity19.72%
Interest Income$67.65 million

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Marlin Business Bank Locations
Marlin Business Bank2795 E. Cottonwood Parkway, Suite 120Salt Lake City, UT 84121