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Profile - Reliance Acceptance Group (OTC BB:RACCQ.OB)
As of 31-Aug-2001
Enter symbol:
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More Info: nothing available.
Location
400 North Loop 1604 East, Suite 200
San Antonio, TX 78232
Phone: (210) 496-5910
Employees (last reported count): 520
Financial Links
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Financial
 ·Industry: Consumer Financial Services
Related Links
 ·Search Yahoo! for related links...
Ownership
·Insider and 5%+ Owners: 32%
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
Reliance Acceptance Group, Inc., formerly known as Cole Taylor Financial Group, Inc., is a financial services company engaged in the consumer loan acceptance business through its wholly owned subsidiaries operating as Reliance Acceptance Corporation (the Finance Company). The Finance Company's operations have focused on purchasing closed-end retail sales finance contracts, primarily in connection with sales of used automobiles by franchised dealers. The Finance Company commenced operations in January, 1993 and, at December 31, 1996, operated 53 Reliance Acceptance Corp. offices, with six offices in Georgia, four offices in Ohio, 18 offices in Texas, four offices in Florida, three offices in Colorado, two offices in Indiana, three offices in Tennessee, two offices in Nevada, one office in New Mexico, one office in Kentucky, one office in South Carolina, one office in Arizona, four offices in Illinois, one office in North Carolina, one office in Missouri and one office in Washington.
More from Market Guide: Expanded Business Description

Financial Summary
Reliance Acceptance Group is a financial services co. engaged in the consumer loan acceptance business. For the nine months ended 9/97, total interest income rose 19% to $61.6 million. Net interest loss after loan loss provision totalled $56.5 million vs. income of $37.1 million. Net loss from continuing operations totalled $62.9 million vs. income of $10.7 million. Results reflect an increase in net receivables, offset by a $93.1 million provision for credit losses due to losses and employment of a static pool reserve.
More from Market Guide: Significant Developments

Officers
FY1996 Compensation
PayExer

Howard Silverman, 58
Chairman
$469K--  
Thomas Barlow, 51
Pres, CEO
1.2M$353K
James Dolph, 47
Sr. VP and CFO
--  --  
James Kaplan, 42
Sr. VP, Gen. Counsel and Corp. Sec.
--  --  
Dollar amounts are as of 31-Dec-1996 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year.
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- OTC BB:RACCQ.OBAs of 31-Aug-2001
Price and Volume
52-Week Low
on 18-Dec-2000
$0.001
Recent Price$0.02 
52-Week High
on 17-July-2001
$0.07 
Beta-7.76 
Daily Volume (3-month avg)5,000 
Daily Volume (10-day avg)10.0K
Stock Performance
52-Week Change0.0%
52-Week Change
relative to S&P500
+34.2%
Share-Related Items
Market Capitalization$218.0K
Shares Outstanding10.9M
Float7.40M
Dividends & Splits
Annual Dividendnone 
Last Splitnone 
Per-Share Data
Book Value (mrq)$4.34 
Earnings (ttm)-$6.20 
Earnings (mrq)-$1.17 
Sales (ttm)$6.55 
Cash (mrq)$1.09 
Valuation Ratios
Price/Book (mrq)0.01 
Price/EarningsN/A 
Price/Sales (ttm)0.00 
Income Statements
Sales (ttm)$81.3M
EBITDAN/A 
Income available to common (ttm)-$71.4M
Profitability
Profit Margin (ttm)-87.8%
Operating Margin (ttm)-75.3%
Fiscal Year
Fiscal Year EndsDec 31
Most recent quarter30-Sep-1997
Management Effectiveness
Return on Assets (ttm)-15.42%
Return on Equity (ttm)-63.81%
Financial Strength
Current RatioN/A 
Debt/EquityN/A 
Total Cash (mrq)$11.9M
Short Interest
As of 9-Feb-1998
Shares Short327.0K
Percent of Float4.4%
Shares Short
(Prior Month)
332.0K
Short Ratio4.81 
Daily Volume68.0K
See Profile Help for a description of each item above;   K = thousands;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-Sep-1997)

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