XML 43 R79.htm IDEA: XBRL DOCUMENT v3.20.1
Segment Reporting - Schedule of Segment Data (Detail) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Dec. 31, 2019
Segment Reporting Disclosure [Line Items]      
Total interest income $ 35,542 $ 30,043  
Total interest expense [1] 9,000 7,722  
Net interest income 26,542 22,321  
Provision for loan losses 16,541 13,343  
Net interest income (loss) after loss provision 10,001 8,978  
Sponsorship and race winnings 2,573 3,179  
Race team related expenses (2,130) (1,998)  
Other income (expense) (26,694) (9,020)  
Income (loss) before income taxes (16,250) 1,139  
Income tax benefit (provision) 3,249 256  
Net income (loss) (13,001) 1,395  
Balance Sheet Data      
Total loans, net 1,129,722 987,338 $ 1,114,762
Total assets 1,534,395 1,428,728 1,541,667
Total funds borrowed $ 1,176,645 [2] $ 1,098,716 1,169,593
Selected Financial Ratios      
Return on average assets (3.57%) 0.36%  
Return on average equity (16.56%) 1.72%  
Interest yield 11.82% 11.52%  
Net interest margin 8.80% 8.56%  
Reserve coverage 4.57% 3.60%  
Delinquency status [3] 0.60% 0.81%  
Charge-off ratio 3.08% 5.33%  
RPAC [Member]      
Segment Reporting Disclosure [Line Items]      
Total interest expense $ 40 $ 36  
Net interest income (40) (36)  
Net interest income (loss) after loss provision (40) (36)  
Sponsorship and race winnings 2,573 3,179  
Race team related expenses (2,130) (1,998)  
Other income (expense) (1,845) (1,797)  
Income (loss) before income taxes (1,442) (652)  
Income tax benefit (provision) 359 157  
Net income (loss) (1,083) (495)  
Balance Sheet Data      
Total assets 30,171 30,952 31,538
Total funds borrowed $ 7,830 $ 7,681 7,794
Selected Financial Ratios      
Return on average assets (14.12%) (6.60%)  
Return on average equity   (65.48%)  
Operating Segments [Member] | Consumer Lending [Member] | Recreation [Member]      
Segment Reporting Disclosure [Line Items]      
Total interest income $ 26,334 $ 22,479  
Total interest expense 3,566 2,774  
Net interest income 22,768 19,705  
Provision for loan losses 10,601 7,005  
Net interest income (loss) after loss provision 12,167 12,700  
Other income (expense) (7,372) (5,382)  
Income (loss) before income taxes 4,795 7,318  
Income tax benefit (provision) (1,226) (1,895)  
Net income (loss) 3,569 5,423  
Balance Sheet Data      
Total loans, net 712,881 601,067 695,257
Total assets 725,337 611,702 707,377
Total funds borrowed $ 577,715 $ 487,165 563,805
Selected Financial Ratios      
Return on average assets 2.00% 3.66%  
Return on average equity 10.02% 13.83%  
Interest yield 15.08% 15.50%  
Net interest margin 13.04% 13.58%  
Reserve coverage 3.03% 1.46%  
Delinquency status [3] 0.73% 0.56%  
Charge-off ratio 3.65% 3.40%  
Operating Segments [Member] | Consumer Lending [Member] | Home Improvement [Member]      
Segment Reporting Disclosure [Line Items]      
Total interest income $ 5,887 $ 4,325  
Total interest expense 1,287 906  
Net interest income 4,600 3,419  
Provision for loan losses 1,536 549  
Net interest income (loss) after loss provision 3,064 2,870  
Other income (expense) (2,340) (1,637)  
Income (loss) before income taxes 724 1,233  
Income tax benefit (provision) (185) (319)  
Net income (loss) 539 914  
Balance Sheet Data      
Total loans, net 252,392 191,089 244,716
Total assets 261,743 199,999 252,704
Total funds borrowed $ 208,519 $ 159,251 201,605
Selected Financial Ratios      
Return on average assets 0.84% 2.38%  
Return on average equity 4.20% 9.53%  
Interest yield 9.53% 9.42%  
Net interest margin 7.43% 7.45%  
Reserve coverage 1.37% 1.13%  
Delinquency status [3] 0.08% 0.08%  
Charge-off ratio 1.03% 0.35%  
Operating Segments [Member] | Commercial Lending [Member]      
Segment Reporting Disclosure [Line Items]      
Total interest income $ 1,758 $ 1,876  
Total interest expense 657 701  
Net interest income 1,101 1,175  
Net interest income (loss) after loss provision 1,101 1,175  
Other income (expense) (895) (315)  
Income (loss) before income taxes 206 860  
Income tax benefit (provision) (51) (206)  
Net income (loss) 155 654  
Balance Sheet Data      
Total loans, net 64,911 51,180 66,405
Total assets 83,864 91,329 84,924
Total funds borrowed $ 68,469 $ 72,976 68,666
Selected Financial Ratios      
Return on average assets 0.74% 2.92%  
Return on average equity 3.69% 14.61%  
Interest yield 10.40% 12.93%  
Net interest margin 6.51% 8.10%  
Reserve coverage 0.00% [4] 0.82%  
Delinquency status [3],[4] 0.16% 1.29%  
Charge-off ratio 0.00% [5] 0.00% [4]  
Operating Segments [Member] | Medallion Lending [Member]      
Segment Reporting Disclosure [Line Items]      
Total interest income $ 1,002 $ 841  
Total interest expense 1,849 1,909  
Net interest income (847) (1,068)  
Provision for loan losses 4,404 5,334  
Net interest income (loss) after loss provision (5,251) (6,402)  
Other income (expense) (8,573) 1,214  
Income (loss) before income taxes (13,824) (5,188)  
Income tax benefit (provision) 3,445 1,251  
Net income (loss) (10,379) (3,937)  
Balance Sheet Data      
Total loans, net 96,192 140,426 105,022
Total assets 201,959 254,714 217,483
Total funds borrowed $ 160,812 $ 202,255 176,825
Selected Financial Ratios      
Return on average assets (19.90%) (6.05%)  
Return on average equity (98.50%) (30.23%)  
Interest yield 3.93% 2.33%  
Net interest margin (3.32%) (2.96%)  
Reserve coverage 22.71% 15.26%  
Delinquency status [3] 1.21% 2.47%  
Charge-off ratio 6.11% 21.59%  
Intersegment Eliminations [Member]      
Segment Reporting Disclosure [Line Items]      
Total interest income $ 561 $ 522  
Total interest expense 1,601 1,396  
Net interest income (1,040) (874)  
Provision for loan losses   455  
Net interest income (loss) after loss provision (1,040) (1,329)  
Other income (expense) (5,669) (1,103)  
Income (loss) before income taxes (6,709) (2,432)  
Income tax benefit (provision) 907 1,268  
Net income (loss) (5,802) (1,164)  
Balance Sheet Data      
Total loans, net 3,346 3,576 3,362
Total assets 231,321 240,032 247,641
Total funds borrowed $ 153,300 $ 169,388 $ 150,898
Selected Financial Ratios      
Return on average assets (9.74%) (2.10%)  
Return on average equity (29.89%) (7.49%)  
[1] Average borrowings outstanding were $1,164,483 and $1,067,075, and the related average borrowing costs were 3.11% and 2.93%, for the three months ended March 31, 2020 and 2019.
[2] Excludes deferred financing costs of $4,674 and $5,105 as of March 31, 2020 and December 31, 2019.
[3] Loans 90 days or more past due.
[4] Ratio is based on total commercial lending balances, and relates solely to the legacy commercial loan business.
[5] Ratio is based on total commercial lending balances, and relates to the total loan business.