Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Interest and fees on loans		$ 65,221	$ 55,169
Interest and dividends on investment securities		1,849	674
Total interest income	[1]	67,070	55,843
Interest on deposits		14,752	8,599
Interest on long-term debt		4,255	2,853
Interest on short-term borrowings		146	788
Total interest expense		19,153	12,240
Net interest income (loss)		47,917	43,603
Provision for credit losses		17,201	4,038
Net interest income after provision for credit losses		30,716	39,565
Other income (loss)
Gain (loss) on equity investments		4,167	(90)
Gain on sale of loans and taxi medallions		588	1,855
Write-down of loan collateral in process of foreclosure		0	(252)
Other income		648	570
Total other income, net		5,403	2,083
Other expenses
Salaries and employee benefits		9,457	8,836
Loan servicing fees		2,470	2,222
Collection costs		1,467	1,538
Regulatory fees		977	682
Professional fees		771	1,707
Rent expense		657	623
Amortization of intangible assets		361	360
Other expenses		2,065	2,425
Total other expenses		18,225	18,393
Income before income taxes		17,894	23,255
Income tax provision		6,358	6,382
Net income after taxes		11,536	16,873
Less: income attributable to the non-controlling interest		1,512	1,512
Total net income attributable to Medallion Financial Corp.		$ 10,024	$ 15,361
Basic net income per share		$ 0.44	$ 0.69
Diluted net income per share		$ 0.42	$ 0.67
Weighted average common shares outstanding
Basic		22,641,385	22,342,911
Diluted		23,765,045	22,975,457

[1] Included in interest income is $0.6 million of paid-in-kind interest for the three months ended March 31, 2024 and $0.3 million for the three months ended March 31, 2023.