Marlin Business Services reported Q2/13 net income of $4.5 million, up 50% from $3.0 million in Q2/12. For the six-month period ended June 30, 2013, net income was $8.1 million, up from $4.6 million or 76% compared to the same period in 2012.

Marlin said Q2/13 lease production was $91.4 million on initial equipment cost, 13% higher than Q1/13 ($80.9 million) and 14% higher that Q2/12 ($80.4 million). The company also noted $461.5 million in insured deposits was up 63% year-over-year.

“Our performance results reflect upon the favorable growth trends and attractive operating metrics of our business,” says Daniel P. Dyer, co-founder and chief executive officer. “We continue to see attractive growth opportunities by focusing on serving small and midsize businesses and their credit financing needs by delivering quality products with exceptional service,” Dyer added.

TO read the Marlin Business Services news release click here.