Consolidated Statements of Operations - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2022	Mar. 31, 2021
Income Statement [Abstract]
Interest and fees on loans		$ 43,064	$ 36,855
Interest and dividends on investment securities		239	225
Total interest income	[1]	43,303	37,080
Interest on deposits		4,154	4,711
Interest on long-term debt		3,221	3,293
Interest on short-term borrowings		0	403
Total interest expense		7,375	8,407
Net interest income (loss)		35,928	28,673
Provision for loan losses		3,240	3,019
Net interest income after provision for loan losses		32,688	25,654
Other income (loss)
Loss on equity investments		(133)	0
Write-down of loan collateral in process of foreclosure		(386)	(2,785)
Gain on extinguishment of debt		0	(1,767)
Sponsorship and race winnings, net		0	2,473
Other income		2,048	482
Total other income net		1,529	1,937
Other expenses
Salaries and employee benefits		7,568	5,685
Loan servicing fees		1,953	1,647
Professional fees		3,992	507
Collection costs		1,343	1,232
Rent expense		645	675
Regulatory fees		451	438
Amortization of intangible assets		360	361
Race team related expenses		0	2,122
Other expenses		1,721	1,975
Total other expenses		18,033	14,642
Income before income taxes		16,184	12,949
Income tax provision		(4,831)	(3,878)
Net income after taxes		11,353	9,071
Less: income attributable to the non-controlling interest		1,512	640
Total net income attributable to Medallion Financial Corp.		$ 9,841	$ 8,431
Basic net income per share		$ 0.40	$ 0.34
Diluted net income per share		$ 0.39	$ 0.34
Weighted average common shares outstanding
Basic		24,770,134	24,518,775
Diluted		25,083,566	24,895,108

[1] Included in interest income is $0.2 million of paid-in-kind interest for the three months ended March 31, 2022 and $0.3 million for the three months ended March 31, 2021.