Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2019

The following tables present segment data as of September 30, 2019 and for the three and nine months then ended, and as of September 30, 2018, and for the three and six months then ended.

	Consumer Lending																Corp.
Three Months Ended September 30, 2019 (Dollars in thousands)	Recreation			Home Improvement			Commercial Lending				Medallion Lending			RPAC			and Other Investments			Consolidated
Total interest income	$	26,147		$	5,184		$	1,842			$	975		$	—		$	492		$	34,640
Total interest expense		3,578			1,309			741				1,935			47			1,615			9,225
Net interest income (loss)		22,569			3,875			1,101				(960	)		(47	)		(1,123	)		25,415
Provision for loan losses		6,744			(629	)		364				1,858			—			—			8,337
Net interest income (loss) after loss provision		15,825			4,504			737				(2,818	)		(47	)		(1,123	)		17,078
Sponsorship and race winnings		—			—			—				—			7,940			—			7,940
Race team related expenses		—			—			—				—			(2,663	)		—			(2,663	)
Other income (expense)		(6,181	)		(2,000	)		563				(2,762	)		(1,784	)		(2,591	)		(14,755	)
Net income (loss) before taxes		9,644			2,504			1,300				(5,580	)		3,446			(3,714	)		7,600
Income tax benefit (provision)		(2,497	)		(648	)		(314	)			1,345			(831	)		2,780			(165	)
Net income (loss)	$	7,147		$	1,856		$	986			$	(4,235	)	$	2,615		$	(934	)	$	7,435
Balance Sheet Data
Total loans, net	$	690,466		$	228,491		$	64,646			$	112,003		$	—		$	3,563		$	1,099,169
Total assets		702,541			239,991			87,486				226,868			33,134			229,734			1,519,754
Total funds borrowed		559,995			190,871			69,658				180,040			7,758			178,793			1,187,115
Selected Financial Ratios
Return on average assets		4.14	%		3.22	%		4.49	%			(7.26	)%		31.13	%		(1.54	)%		1.31	%
Return on average equity		20.69			16.09			22.45				(36.30	)	NM				(7.81	)		6.81
Interest yield		15.35			9.46			11.09				3.30		N/A			N/A				11.87
Net interest margin		13.25			7.07			6.63				(3.25	)	N/A			N/A				8.71
Reserve coverage		2.25			0.97			0.00		⁽¹⁾		18.22		N/A			N/A				3.77
Delinquency status⁽²⁾		0.69			0.11			0.40		⁽¹⁾		2.41		N/A			N/A				0.73
Charge-off ratio		2.05			0.09			4.93		⁽³⁾		5.20		N/A			N/A				2.17

(1)	Ratio is based on total commercial lending balances, and relates solely to the legacy commercial loan business.

(2)	Loans 90 days or more past due.

(3)	Ratio is based on total commercial lending balances, and relates to the total loan business.

	Consumer Lending																Corp.
Nine Months Ended September 30, 2019 (Dollars in thousands)	Recreation			Home Improvement			Commercial Lending				Medallion Lending			RPAC			and Other Investments			Consolidated
Total interest income	$	72,996		$	14,187		$	5,359			$	2,482		$	—		$	1,674		$	96,698
Total interest expense		9,541			3,252			2,108				5,435			119			5,313			25,768
Net interest income (loss)		63,455			10,935			3,251				(2,953	)		(119	)		(3,639	)		70,930
Provision for loan losses		19,925			733			364				15,374			—			455			36,851
Net interest income (loss) after loss provision		43,530			10,202			2,887				(18,327	)		(119	)		(4,094	)		34,079
Sponsorship and race winnings		—			—			—				—			16,008			—			16,008
Race team related expenses		—			—			—				—			(7,211	)		—			(7,211	)
Other (expense)		(17,501	)		(5,356	)		(532	)			(8,106	)		(5,298	)		(5,822	)		(42,615	)
Net income (loss) before taxes		26,029			4,846			2,355				(26,433	)		3,380			(9,916	)		261
Income tax benefit (provision)		(6,741	)		(1,255	)		(568	)			6,375			(815	)		4,930			1,926
Net income (loss)	$	19,288		$	3,591		$	1,787			$	(20,058	)	$	2,565		$	(4,986	)	$	2,187
Balance Sheet Data
Total loans, net	$	690,466		$	228,491		$	64,646			$	112,003		$	—		$	3,563		$	1,099,169
Total assets		702,541			239,991			87,486				226,868			33,134			229,734			1,519,754
Total funds borrowed		559,995			190,871			69,658				180,040			7,758			178,793			1,187,115
Selected Financial Ratios
Return on average assets		4.01	%		2.50	%		2.69	%			(10.82	)%		10.76	%		(2.90	)%		(0.12	)%
Return on average equity		17.42			11.34			13.43				(54.12	)	NM				(11.52	)		(0.60	)
Interest yield		15.45			9.44			11.59				2.50		N/A			N/A				11.68
Net interest margin		13.43			7.27			7.03				(2.97	)	N/A			N/A				8.57
Reserve coverage		2.25			0.97			0.00		⁽¹⁾		18.22		N/A			N/A				3.77
Delinquency status⁽²⁾		0.69			0.11			0.40		⁽¹⁾		2.41		N/A			N/A				0.73
Charge-off ratio		2.30			0.20			1.77		⁽³⁾		18.29		N/A			N/A				3.92

(1)	Ratio is based on total commercial lending balances, and relates solely to the legacy commercial loan business.

(2)	Loans 90 days or more past due.

(3)	Ratio is based on total commercial lending balances, and relates to the total loan business.

	Consumer Lending																Corp.
Three Months Ended September 30, 2018 (Dollars in thousands)	Recreation			Home Improvement			Commercial Lending				Medallion Lending			RPAC			and Other Investments			Consolidated
Total interest income	$	24,001		$	3,968		$	2,370			$	2,126		$	—		$	687		$	33,152
Total interest expense		2,306			709			500				3,672			40			1,660			8,887
Net interest income (loss)		21,695			3,259			1,870				(1,546	)		(40	)		(973	)		24,265
Provision for loan losses		4,423			598			(75	)			13,259			—			—			18,205
Net interest income (loss) after loss provision		17,272			2,661			1,945				(14,805	)		(40	)		(973	)		6,060
Sponsorship and race winning		—			—			—				—			5,371			—			5,371
Race team related expenses		—			—			—				—			(2,876	)		—			(2,876	)
Other income (expense)		(3,160	)		400			(945	)			(4,077	)		(1,887	)		(2,849	)		(12,518	)
Net income (loss) before taxes		14,112			3,061			1,000				(18,882	)		568			(3,822	)		(3,963	)
Income tax benefit (provision)		(3,979	)		(863	)		(232	)			4,371			(107	)		927			117
Net income (loss)	$	10,133		$	2,198		$	768			$	(14,511	)	$	461		$	(2,895	)	$	(3,846	)
Balance Sheet Data as of September 30, 2018
Total loans, net	$	572,995		$	168,781		$	77,886			$	235,827		$	—		$	4,572		$	1,060,061
Total assets		582,610			175,333			88,035				369,763			36,237			319,429			1,571,407
Total funds borrowed		431,868			132,914			53,323				399,750			7,614			239,605			1,265,074
Balance Sheet Data as of December 31, 2018
Total loans, net	$	580,182		$	181,359		$	59,973			$	155,863		$	—		$	4,110		$	981,487
Total assets		590,746			188,892			90,264				273,501			29,925			208,518			1,381,846
Total funds borrowed		434,527			143,815			51,266				294,465			7,649			130,306			1,062,028
Selected Financial Ratios as of September 30, 2018
Return on average assets		6.80	%		4.57	%		3.50	%			(15.23	)%		4.94	%		(4.29	)%		(1.19	)%
Return on average equity		27.77			19.99			7.47			NM				42.83			(15.05	)		(6.59	)
Interest yield		15.87			8.10			12.33				3.41		N/A			N/A				10.75
Net interest margin		14.34			6.65			9.73				(2.48	)	N/A			N/A				7.94
Reserve coverage		0.50			0.51			0.13				9.81		N/A			N/A				2.71
Delinquency status⁽²⁾		0.55			0.10		0.51			⁽¹⁾		4.06		N/A			N/A				1.29
Charge-off ratio		3.19			1.34		0.00			⁽¹⁾		10.35		N/A			N/A				3.69

(1)	Ratio is based on total commercial lending balances, and relates solely to the legacy commercial loan business.

(2)	Loans 90 days or more past due.

	Consumer Lending																Corp.
Six Months Ended September 30, 2018 (Dollars in thousands)	Recreation			Home Improvement			Commercial Lending				Medallion Lending			RPAC			and Other Investments			Consolidated
Total interest income	$	46,133		$	8,605		$	4,587			$	5,315		$	—		$	1,156		$	65,796
Total interest expense		4,442			1,448			985				7,045			81			2,811			16,812
Net interest income (loss)		41,691			7,157			3,602				(1,730	)		(81	)		(1,655	)		48,984
Provision for loan losses		9,133			1,475			100				38,073			—			—			48,781
Net interest income (loss) after loss provision		32,558			5,682			3,502				(39,803	)		(81	)		(1,655	)		203
Sponsorship and race winning		—			—			—				—			10,599			—			10,599
Race team related expenses		—			—			—				—			(5,416	)		—			(5,416	)
Other (expense)		(8,680	)		(1,285	)		(1,887	)			(6,888	)		(4,124	)		(4,390	)		(27,254	)
Net income (loss) before taxes		23,878			4,397			1,615				(46,691	)		978			(6,045	)		(21,868	)
Income tax benefit (provision)		(6,141	)		(1,159	)		(368	)			10,528			(150	)		1,428			4,138
Net income (loss)	$	17,737		$	3,238		$	1,247			$	(36,163	)	$	828		$	(4,617	)	$	(17,730	)
Balance Sheet Data as of September 30, 2018
Total loans, net	$	572,995		$	168,781		$	77,886			$	235,827		$	—		$	4,572		$	1,060,061
Total assets		582,610			175,333			88,035				369,763			36,237			319,429			1,571,407
Total funds borrowed		431,868			132,914			53,323				399,750			7,614			239,605			1,265,074
Balance Sheet Data as of December 31, 2018
Total loans, net	$	580,182		$	181,359		$	59,973			$	155,863		$	—		$	4,110		$	981,487
Total assets		590,746			188,892			90,264				273,501			29,925			208,518			1,381,846
Total funds borrowed		434,527			143,815			51,266				294,465			7,649			130,306			1,062,028
Selected Financial Ratios as of September 30, 2018
Return on average assets		6.14	%		3.42	%		2.81	%			(18.49	)%		4.46	%		(3.55	)%		(2.51	)%
Return on average equity		25.84			15.22			6.05			NM				38.67			(11.16	)		(13.34	)
Interest yield		15.88			8.94			13.48				4.03		N/A			N/A				10.91
Net interest margin		14.35			7.44			10.58				(1.31	)	N/A			N/A				8.17
Reserve coverage		0.50			0.51			0.13				9.81		N/A			N/A				2.71
Delinquency status⁽²⁾		0.55			0.10		0.51			⁽¹⁾		4.06		N/A			N/A				1.29
Charge-off ratio		3.26			1.27		0.00			⁽¹⁾		9.66		N/A			N/A				3.53

(1)	Ratio is based on total commercial lending balances, and relates solely to the legacy commercial loan business.

(2)	Loans 90 days or more past due.