Consolidated Statements of Operations - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Interest and fees on loans		$ 157,990	$ 143,701	$ 130,167
Interest and dividends on investment securities		976	1,208	2,225
Medallion lease income		0	53	170
Total interest income /total investment income	[1]	158,966	144,962	132,562
Interest on deposits		17,543	22,330	22,521
Interest on short-term borrowings		690	2,006	3,242
Interest on long-term debt		12,907	9,815	9,282
Total interest expense	[2]	31,140	34,151	35,045
Net interest income (loss)		127,826	110,811	97,517
Provision for loan losses		4,622	69,817	47,386
Net interest income (loss) after provision (benefit) for loan losses		123,204	40,994	50,131
Other income (loss)
Sponsorship and race winnings, net		12,567	20,042	18,742
Gain (loss) on equity investments		17,379	(2,985)	0
Writedown of loan collateral in process of foreclosure		(5,592)	(24,523)	4,381
Gain on extinguishment of debt		4,626		4,145
Other income		2,586	1,530	1,881
Total other income (loss), net		31,566	(5,936)	20,387
Other expenses
Salaries and employee benefits		31,591	28,172	24,971
Race team related expenses		9,559	8,366	8,996
Loan servicing fees		7,013	6,737	5,253
Professional fees		5,311	8,047	7,402
Collection costs		5,279	5,454	6,638
Rent expense		2,454	2,833	2,419
Regulatory fees		1,872	1,822	1,722
Amortization of intangible assets		1,445	1,445	1,446
Travel, meals, and entertainment		634	375	1,138
Other expenses		7,741	8,788	8,196
Total other expenses		72,899	72,039	68,181
Income (loss) before income taxes		81,871	(36,981)	2,337
Income tax (provision) benefit		(24,217)	10,074	(341)
Net income (loss) after taxes		57,654	(26,907)	1,996
Net income (loss) after taxes/net increase (decrease) on net assets resulting from operations		57,654	(26,907)	1,996
Less: income attributable to the non-controlling interest		3,546	7,876	3,758
Total net income (loss) attributable to Medallion Financial Corp.		$ 54,108	$ (34,783)	$ (1,762)
Basic net income (loss) per share		$ 2.20	$ (1.42)	$ (0.07)
Diluted net income loss per share		2.17	(1.42)	(0.07)
Distributions declared per share		$ 0	$ 0	$ 0
Weighted average common shares outstanding
Basic		24,599,804	24,445,452	24,342,979
Diluted		24,943,169	24,445,452	24,342,979

[1] Included in interest and investment income is $0.8 million, $1.2 million, and $0.8 million of paid-in-kind interest for the years ended December 31, 2021, 2020, and 2019.

[2] Average borrowings outstanding were $1,370.7 million, $1,258.5 million and $1,138.7 million as of December 31, 2021, 2020, and 2019 and the related average borrowing costs were 2.28%, 2.71%, and 3.08% for the years ended December 31, 2021, 2020, and 2019.