Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Statement [Abstract]
Interest and fees on loans		$ 68,861	$ 59,630	$ 134,082	$ 114,799
Interest and dividends on investment securities		1,843	2,096	3,692	2,769
Total interest income	[1]	70,704	61,726	137,774	117,568
Interest on deposits		16,523	11,329	31,275	19,928
Interest on long-term debt		4,182	2,940	8,437	5,793
Interest on short-term borrowings		131	766	277	1,554
Total interest expense		20,836	15,035	39,989	27,275
Net interest income (loss)		49,868	46,691	97,785	90,293
Provision for credit losses		18,577	8,476	35,778	12,514
Net interest income after provision for credit losses		31,291	38,215	62,007	77,779
Other income (loss)
Gain (loss) on equity investments		(512)	99	3,655	9
Gain on sale of loans and taxi medallions		242	1,306	830	3,161
Write-down of loan collateral in process of foreclosure		0	(21)	0	(273)
Other income		1,369	558	2,017	1,128
Total other income, net		1,099	1,942	6,502	4,025
Other expenses
Salaries and employee benefits		9,435	9,339	18,892	18,175
Loan servicing fees		2,692	2,361	5,162	4,583
Collection costs		1,659	1,608	3,126	3,146
Regulatory fees		888	781	1,865	1,463
Professional fees		1,845	1,368	2,616	3,075
Rent expense		698	603	1,355	1,226
Amortization of intangible assets		362	363	723	723
Other expenses		2,416	2,580	4,481	5,004
Total other expenses		19,995	19,003	38,220	37,395
Income before income taxes		12,395	21,154	30,289	44,409
Income tax provision		3,782	5,472	10,140	11,854
Net income after taxes		8,613	15,682	20,149	32,555
Less: income attributable to the non-controlling interest		1,512	1,512	3,024	3,024
Total net income attributable to Medallion Financial Corp.		$ 7,101	$ 14,170	$ 17,125	$ 29,531
Basic net income per share		$ 0.31	$ 0.63	$ 0.76	$ 1.32
Diluted net income per share		$ 0.3	$ 0.62	$ 0.73	$ 1.29
Weighted average common shares outstanding
Basic		22,598,102	22,488,463	22,619,743	22,416,089
Diluted		23,453,162	22,853,927	23,609,104	22,915,094

[1] Included in interest income is $0.7 million and $1.3 million of paid-in-kind interest for the three and six months ended June 30, 2024 and $0.4 million and $0.6 million for the three and six months ended June 30, 2023.