Unrealized Appreciation (Depreciation) and Realized Gains (Losses) on Investments (Tables)

12 Months Ended

Dec. 31, 2019

(Dollars in thousands)	Medallion Loans			Commercial Loans			Investments in Subsidiaries		Equity Investments			Investments Other Than Securities			Total
Balance December 31, 2016	$	(28,523	)	$	(1,378	)	$	152,750	$	3,934		$	584		$	127,367
Net change in unrealized
Appreciation on investments		—			—			6,170		2,060			(821	)		7,409
Depreciation on investments		(37,335	)		(410	)		—		(277	)		(1,253	)		(39,275	)
Reversal of unrealized appreciation (depreciation) related to realized
Gains on investments		—			—			—		(3,082	)		—			(3,082	)
Losses on investments		45,520			1,275			—		486			—			47,281
Balance December 31, 2017		(20,338	)		(513	)		158,920		3,121			(1,490	)		139,700
Net change in unrealized
Appreciation on investments		—			—			38,795		(998	)		—			37,797
Depreciation on investments		(38,170	)		18			—		—			(1,915	)		(40,067	)
Reversal of unrealized appreciation (depreciation) related to realized
Gains on investments		—			—			—		—			—			—
Losses on investments		34,747			—			—		—			—			34,747
Balance March 31, 2018	$	(23,761	)	$	(495	)	$	197,715	$	2,123		$	(3,405	)	$	172,177


(Dollars in thousands)	Three Months Ended March 31, 2018			Year Ended December 31, 2017
Net change in unrealized appreciation (depreciation) on investments
Unrealized appreciation	$	(998	)	$	2,060
Unrealized depreciation		(38,152	)		(38,022	)
Net unrealized appreciation on investments in Medallion Bank and other controlled subsidiaries		29,115			9,483
Realized gains		—			(3,082	)
Realized losses		34,747			47,281
Net unrealized losses on investments other than securities and other assets		(1,915	)		(2,075	)
Total	$	22,797		$	15,645
Net realized gains (losses) on investments
Realized gains	$	—		$	3,082
Realized losses		(34,747	)		(47,281	)
Other gains		—			4,684
Direct charge-offs		2			(4,229	)
Total	$	(34,745	)	$	(43,744	)