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Segment Reporting - Schedule of Segment Data (Detail) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Segment Reporting Disclosure [Line Items]      
Total interest income $ 251,040 $ 196,621 $ 158,966
Total interest expense 62,946 36,185 31,140
Net interest income (loss) 188,094 160,436 127,826
Provision (benefit) for credit losses 37,810 30,059 4,622
Net interest income after provision for credit losses 150,284 130,377 123,204
Sponsorship and race winnings 0 0 12,567
Race team related expenses 0 0 (9,559)
Other income (loss) 11,320 9,526 31,566
Other income (loss) 11,320 9,526 18,999
Operating expenses (75,568) (72,053) (63,340)
Income before income taxes 86,036 67,850 81,871
Income tax (provision) benefit (24,910) (17,963) (24,217)
Net income (loss) after taxes 61,126 49,887 57,654
Income attributable to the non-controlling interest 6,047 6,047 3,546
Total net income attributable to Medallion Financial Corp. 55,079 43,840 54,108
Balance Sheet Data      
Total loans 2,131,651 1,853,108  
Loans 2,215,886 1,916,953 1,488,924
Total assets 2,587,827 2,259,879 1,873,057
Total funds borrowed $ 2,118,690 $ 1,833,435 $ 1,478,001
Selected Financial Ratios      
Return on average assets 2.51% 2.40% 3.33%
Return on average equity 15.79% 13.74% 17.64%
Return on average stockholders' equity 17.33% 14.92% 21.24%
Interest yield 11.19% 10.70% 11.08%
Net interest margin, gross 8.38% 8.73% 8.91%
Net interest margin, net of allowance 8.68% 9.05% 9.25%
Reserve coverage 3.80% 3.33% 3.37%
Delinquency status 0.77% [1] 0.47% [2] 0.28% [3]
Charge-off (recovery) ratio 1.48% [4] 0.96% [5] 0.89%
RPAC [Member]      
Segment Reporting Disclosure [Line Items]      
Total interest income [6]     $ 0
Total interest expense [6]     546
Net interest income (loss) [6]     (546)
Provision (benefit) for credit losses [6]     0
Net interest income after provision for credit losses [6]     (546)
Sponsorship and race winnings [6]     12,567
Race team related expenses [6]     (9,559)
Other income (loss) [6]     716
Operating expenses [6]     (5,824)
Income before income taxes [6]     (2,646)
Income tax (provision) benefit [6]     (1,498)
Net income (loss) after taxes [6]     (4,144)
Balance Sheet Data      
Total loans [6]     0
Total assets [6]     0
Total funds borrowed [6]     $ 0
Selected Financial Ratios      
Return on average assets [6]     (16.03%)
Return on average equity [6]     (697.38%)
Operating Segments [Member] | Consumer Lending [Member] | Recreation [Member]      
Segment Reporting Disclosure [Line Items]      
Total interest income $ 167,765 $ 139,145 $ 118,305
Total interest expense 31,436 17,932 9,993
Net interest income (loss) 136,329 121,213 108,312
Provision (benefit) for credit losses 44,592 22,802 7,671
Net interest income after provision for credit losses 91,737 98,411 100,641
Sponsorship and race winnings     0
Race team related expenses     0
Other income (loss) 376 0 0
Operating expenses (32,601) (30,463) (30,156)
Income before income taxes 59,512 67,948 70,485
Income tax (provision) benefit (17,231) (17,989) (18,699)
Net income (loss) after taxes 42,281 49,959 51,786
Balance Sheet Data      
Total loans 1,336,222 1,183,512 961,320
Total assets 1,297,870 1,154,680 943,753
Total funds borrowed $ 1,062,584 $ 936,789 $ 744,701
Selected Financial Ratios      
Return on average assets 3.36% 4.38% 5.93%
Return on average equity 21.24% 26.66% 29.66%
Interest yield 13.07% 12.82% 13.45%
Net interest margin, gross 10.62% 11.17% 12.31%
Net interest margin, net of allowance 11.09% 11.57% 12.76%
Reserve coverage 4.31% 3.55% 3.37%
Delinquency status 0.70% [1] 0.64% [2] 0.41% [3]
Charge-off (recovery) ratio 3.04% [4] 1.22% [5] 0.29%
Operating Segments [Member] | Consumer Lending [Member] | Home Improvement [Member]      
Segment Reporting Disclosure [Line Items]      
Total interest income $ 62,703 $ 44,703 $ 34,204
Total interest expense 18,137 7,697 4,153
Net interest income (loss) 44,566 37,006 30,051
Provision (benefit) for credit losses 17,583 7,616 2,750
Net interest income after provision for credit losses 26,983 29,390 27,301
Sponsorship and race winnings     0
Race team related expenses     0
Other income (loss) 6 14 63
Operating expenses (16,752) (13,514) (11,703)
Income before income taxes 10,237 15,890 15,661
Income tax (provision) benefit (2,964) (4,207) (4,155)
Net income (loss) after taxes 7,273 11,683 11,506
Balance Sheet Data      
Total loans 760,621 626,399 436,772
Total assets 744,904 618,923 442,503
Total funds borrowed $ 609,863 $ 502,131 $ 349,172
Selected Financial Ratios      
Return on average assets 1.04% 1.95% 2.90%
Return on average equity 6.60% 12.08% 14.49%
Interest yield 8.86% 8.49% 9.14%
Net interest margin, gross 6.29% 7.03% 8.03%
Net interest margin, net of allowance 6.45% 7.16% 8.17%
Reserve coverage 2.76% 1.81% 1.68%
Delinquency status 0.20% [1] 0.09% [2] 0.03% [3]
Charge-off (recovery) ratio 1.33% [4] 0.69% [5] 0.15%
Operating Segments [Member] | Commercial Lending [Member]      
Segment Reporting Disclosure [Line Items]      
Total interest income $ 12,719 $ 9,348 $ 6,592
Total interest expense 3,597 3,040 2,720
Net interest income (loss) 9,122 6,308 3,872
Provision (benefit) for credit losses 1,988 5,963 0
Net interest income after provision for credit losses 7,134 345 3,872
Sponsorship and race winnings     0
Race team related expenses     0
Other income (loss) 5,971 3,306 6,542
Operating expenses (3,547) (4,910) (3,441)
Income before income taxes 9,558 (1,259) 6,973
Income tax (provision) benefit (2,767) 333 (1,850)
Net income (loss) after taxes 6,791 (926) 5,123
Balance Sheet Data      
Total loans 114,827 92,899 76,696
Total assets 110,850 101,447 102,711
Total funds borrowed $ 90,754 $ 82,304 $ 81,048
Selected Financial Ratios      
Return on average assets 6.65% (0.91%) 6.12%
Return on average equity 41.51% (5.50%) 30.61%
Interest yield 12.80% 10.63% 9.86%
Net interest margin, gross 9.18% 7.17% 5.79%
Net interest margin, net of allowance 9.45% 7.28% 5.81%
Reserve coverage 3.61% 1.13% 1.49%
Delinquency status 5.40% [1] 0.08% [2] 0.10% [3]
Charge-off (recovery) ratio 1.02% [4] 6.86% [5] 0.00%
Operating Segments [Member] | Taxi Medallion Lending [Member]      
Segment Reporting Disclosure [Line Items]      
Total interest income $ 1,596 $ 632 $ (1,483)
Total interest expense 72 508 5,914
Net interest income (loss) 1,524 124 (7,397)
Provision (benefit) for credit losses (26,318) (6,474) (7,752)
Net interest income after provision for credit losses 27,842 6,598 355
Sponsorship and race winnings     0
Race team related expenses     0
Other income (loss) 3,358 4,341 (641)
Operating expenses (7,256) (10,520) (1,350)
Income before income taxes 23,944 419 (1,636)
Income tax (provision) benefit (6,933) (111) 433
Net income (loss) after taxes 17,011 308 (1,203)
Balance Sheet Data      
Total loans 3,663 13,571 14,046
Total assets 12,247 25,496 86,526
Total funds borrowed $ 10,027 $ 20,685 $ 68,276
Selected Financial Ratios      
Return on average assets 91.25% 1.18% (0.13%)
Return on average equity 574.86% 6.97% (0.64%)
Interest yield 26.94% 4.58% (6.97%)
Net interest margin, gross 25.73% 0.90% (34.78%)
Net interest margin, net of allowance 61.60% 2.76% (93.60%)
Reserve coverage 41.93% 69.93% 65.74%
Delinquency status 0.00% [1] 6.52% [2] 0.00% [3]
Charge-off (recovery) ratio (309.96%) [4] (47.51%) [5] 41.72%
Intersegment Eliminations [Member]      
Segment Reporting Disclosure [Line Items]      
Total interest income $ 6,257 $ 2,793 $ 1,348
Total interest expense 9,704 7,008 7,814
Net interest income (loss) (3,447) (4,215) (6,466)
Provision (benefit) for credit losses (35) 152 1,953
Net interest income after provision for credit losses (3,412) (4,367) (8,419)
Sponsorship and race winnings     0
Race team related expenses     0
Other income (loss) 1,609 1,865 12,319
Operating expenses (15,412) (12,646) (10,866)
Income before income taxes (17,215) (15,148) (6,966)
Income tax (provision) benefit 4,985 4,011 1,552
Net income (loss) after taxes (12,230) (11,137) (5,414)
Balance Sheet Data      
Total loans 553 572 90
Total assets 421,956 359,333 297,564
Total funds borrowed $ 345,462 $ 291,526 $ 234,804
Selected Financial Ratios      
Return on average assets (3.13%) (3.02%) (2.01%)
Return on average equity (19.78%) (18.40%) (14.49%)
[1] Loans 90 days or more past due.
[2] Loans 90 days or more past due.
[3] Loans 90 days or more past due.
[4] Negative balances indicate recoveries for the period.
[5] Negative balances indicate recoveries for the period.
[6] The Company sold its interest in RPAC in December 2021. Selected earnings data are applicable through the date of sale.