XML 106 R93.htm IDEA: XBRL DOCUMENT v3.10.0.1
Segment Reporting - Schedule of Segment Data (Detail) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2018
Sep. 30, 2017
Dec. 31, 2017
Segment Reporting Disclosure [Line Items]            
Total interest income $ 33,152   $ 65,796 $ 3,287 [1]    
Total interest expense 8,887   16,812 20,363 [1],[2]    
Net interest income 24,265   48,984 49,466 [1]    
Provision for loan losses 18,205   48,781 48,781 [1]    
Net interest income after loss provision 6,060   203 685 [1]    
Sponsorship and race winnings 5,371   10,599 10,599 [1]    
Race team related expenses (2,876)   (5,416) 5,416 [1]    
Other income (expense) (12,518)   (27,254)      
Loss before income taxes/net investment loss before taxes (3,963)   (21,868) (25,434) [1],[3]    
Income tax benefit (provision) 117 $ 6,155 4,138 4,778 $ 15,144  
Net Income (loss) after tax (3,846)   (17,730) (32,604) [1]    
Balance Sheet Data            
Total loans, net 1,060,061   1,060,061 1,060,061    
Total assets 1,571,407   1,571,407 1,571,407   $ 1,077,357
Total funds borrowed $ 1,265,074   $ 1,265,074 1,265,074    
Selected Financial Ratios            
Return on assets (1.19%)   (2.51%)      
Return on equity (6.59%)   (13.34%)      
Interest yield 10.75%   10.91%      
Net interest margin 7.94%   8.17%      
Reserve coverage 2.71%   2.71%      
Delinquency ratio 1.29%   1.29%      
Charge off ratio 3.69%   3.53%      
RPAC Racing, LLC [Member]            
Segment Reporting Disclosure [Line Items]            
Total interest expense $ 40   $ 81      
Net interest income (40)   (81)      
Net interest income after loss provision (40)   (81)      
Sponsorship and race winnings 5,371   10,599      
Race team related expenses (2,876)   (5,416)      
Other income (expense) (1,887)   (4,124)      
Loss before income taxes/net investment loss before taxes 568   978      
Income tax benefit (provision) (107)   (150)      
Net Income (loss) after tax 461   828      
Balance Sheet Data            
Total assets 36,237   36,237 36,237    
Total funds borrowed $ 7,614   $ 7,614 7,614    
Selected Financial Ratios            
Return on assets 4.94%   4.46%      
Return on equity 42.83%   38.67%      
Operating Segments [Member] | Consumer Lending [Member] | Recreation [Member]            
Segment Reporting Disclosure [Line Items]            
Total interest income $ 24,001   $ 46,133      
Total interest expense 2,306   4,442      
Net interest income 21,695   41,691      
Provision for loan losses 4,423   9,133      
Net interest income after loss provision 17,272   32,558      
Other income (expense) (3,160)   (8,680)      
Loss before income taxes/net investment loss before taxes 14,112   23,878      
Income tax benefit (provision) (3,979)   (6,141)      
Net Income (loss) after tax 10,133   17,737      
Balance Sheet Data            
Total loans, net 572,995   572,995 572,995    
Total assets 582,610   582,610 582,610    
Total funds borrowed $ 431,868   $ 431,868 431,868    
Selected Financial Ratios            
Return on assets 6.80%   6.14%      
Return on equity 27.77%   25.48%      
Interest yield 15.87%   15.88%      
Net interest margin 14.34%   14.35%      
Reserve coverage 0.50%   0.50%      
Delinquency ratio 0.55%   0.55%      
Charge off ratio 3.19%   3.26%      
Operating Segments [Member] | Consumer Lending [Member] | Home Improvement [Member]            
Segment Reporting Disclosure [Line Items]            
Total interest income $ 3,968   $ 8,605      
Total interest expense 709   1,448      
Net interest income 3,259   7,157      
Provision for loan losses 598   1,475      
Net interest income after loss provision 2,661   5,682      
Other income (expense) 400   (1,285)      
Loss before income taxes/net investment loss before taxes 3,061   4,397      
Income tax benefit (provision) (863)   (1,159)      
Net Income (loss) after tax 2,198   3,238      
Balance Sheet Data            
Total loans, net 168,781   168,781 168,781    
Total assets 175,333   175,333 175,333    
Total funds borrowed $ 132,914   $ 132,914 132,914    
Selected Financial Ratios            
Return on assets 4.57%   3.42%      
Return on equity 19.99%   15.22%      
Interest yield 8.10%   8.94%      
Net interest margin 6.65%   7.44%      
Reserve coverage 0.51%   0.51%      
Delinquency ratio 0.10%   0.10%      
Charge off ratio 1.34%   1.27%      
Operating Segments [Member] | Commercial Lending [Member]            
Segment Reporting Disclosure [Line Items]            
Total interest income $ 2,637   $ 4,959      
Total interest expense 681   1,336      
Net interest income 1,956   3,623      
Provision for loan losses (75)   100      
Net interest income after loss provision 2,031   3,523      
Other income (expense) (934)   (2,044)      
Loss before income taxes/net investment loss before taxes 1,097   1,479      
Income tax benefit (provision) (254)   (339)      
Net Income (loss) after tax 843   1,140      
Balance Sheet Data            
Total loans, net 82,458   82,458 82,458    
Total assets 90,380   90,380 90,380    
Total funds borrowed $ 71,655   $ 71,655 71,655    
Selected Financial Ratios            
Return on assets 3.35%   2.15%      
Return on equity 6.99%   4.81%      
Interest yield 12.87%   12.24%      
Net interest margin 9.54%   8.94%      
Reserve coverage 0.12%   0.12%      
Delinquency ratio 0.51%   0.51%      
Charge off ratio 0.00%   0.00%      
Operating Segments [Member] | Medallion Lending [Member]            
Segment Reporting Disclosure [Line Items]            
Total interest income $ 2,126   $ 5,315      
Total interest expense 3,672   7,045      
Net interest income (1,546)   (1,730)      
Provision for loan losses 13,259   38,073      
Net interest income after loss provision (14,805)   (39,803)      
Other income (expense) (4,077)   (6,888)      
Loss before income taxes/net investment loss before taxes (18,882)   (46,691)      
Income tax benefit (provision) 4,371   10,528      
Net Income (loss) after tax (14,511)   (36,163)      
Balance Sheet Data            
Total loans, net 235,827   235,827 235,827    
Total assets 369,763   369,763 369,763    
Total funds borrowed $ 399,750   $ 399,750 399,750    
Selected Financial Ratios            
Return on assets (15.23%)   (18.49%)      
Interest yield 3.41%   4.03%      
Net interest margin (2.48%)   (1.31%)      
Reserve coverage 9.81%   9.81%      
Delinquency ratio 4.06%   4.06%      
Charge off ratio 10.35%   9.66%      
Intersegment Eliminations [Member]            
Segment Reporting Disclosure [Line Items]            
Total interest income $ 420   $ 784      
Total interest expense 1,479   2,460      
Net interest income (1,059)   (1,676)      
Net interest income after loss provision (1,059)   (1,676)      
Other income (expense) (2,860)   (4,233)      
Loss before income taxes/net investment loss before taxes (3,919)   (5,909)      
Income tax benefit (provision) 949   1,399      
Net Income (loss) after tax (2,970)   (4,510)      
Balance Sheet Data            
Total assets 317,084   317,084 317,084    
Total funds borrowed $ 221,273   $ 221,273 $ 221,273    
Selected Financial Ratios            
Return on assets (4.60%)   (3.67%)      
Return on equity (16.79%)   (11.85%)      
[1] Balance includes the six months ended September 30, 2018 under Bank Holding Company Accounting and three months ended March 31, 2018 under Investment Company Accounting.
[2] Average borrowings outstanding were $1,255,945 and $1,226,896, and the related average borrowing costs were 2.81% and 2.22% for the three and nine months ended September 30, 2018, and were $330,885 and $335,907 and 4.25% and 4.09% for the comparable 2017 periods.
[3] Includes $256 of net revenues received from Medallion Bank for the nine months ended September 30, 2018 and $184 and $641 for the three and nine months ended September 30, 2017, primarily for expense reimbursements. See Notes 6 and 13 for additional information.