Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2020

The following tables present segment data as of and for the three and six months ended June 30, 2020 and 2019.

	Consumer Lending																Corp.
Three Months Ended June 30, 2020 (Dollars in thousands)	Recreation			Home Improvement			Commercial Lending				Medallion Lending			RPAC			and Other Investments			Consolidated
Total interest income	$	27,229		$	6,326		$	1,726			$	(7	)	$	—		$	314		$	35,588
Total interest expense		3,226			1,236			617				988			40			2,728			8,835
Net interest income (loss)		24,003			5,090			1,109				(995	)		(40	)		(2,414	)		26,753
Provision for loan losses		8,292			760			—				7,889			—			—			16,941
Net interest income (loss) after loss provision		15,711			4,330			1,109				(8,884	)		(40	)		(2,414	)		9,812
Sponsorship and race winnings		—			—			—				—			3,626			—			3,626
Race team related expenses		—			—			—				—			(1,818	)		—			(1,818	)
Other income (expense), net		(6,497	)		(1,962	)		(584	)			(2,292	)		(1,378	)		(2,025	)		(14,738	)
Net income (loss) before taxes		9,214			2,368			525				(11,176	)		390			(4,439	)		(3,118	)
Income tax benefit (provision)		(2,356	)		(606	)		(131	)			2,785			(97	)		1,258			853
Net income (loss)	$	6,858		$	1,762		$	394			$	(8,391	)	$	293		$	(3,181	)	$	(2,265	)
Balance Sheet Data
Total loans, net	$	759,764		$	278,000		$	68,140			$	84,369		$	—		$	3,344		$	1,193,617
Total assets		775,151			288,501			86,831				190,657			30,542			280,061			1,651,743
Total funds borrowed		617,066			229,237			70,567				151,614			8,615			218,695			1,295,794
Selected Financial Ratios
Return on average assets		3.68	%		2.58	%		1.86	%			(17.19	)%		3.88	%		(8.96	)%		(0.98	)%
Return on average equity		18.38			12.88			9.28				(85.96	)		(53.94	)		(38.05	)		(4.97	)
Interest yield		14.91			9.66			10.67				(0.03	)	N/A			N/A				10.95
Net interest margin		13.15			7.77			6.86				(4.08	)	N/A			N/A				8.23
Reserve coverage		3.43			1.44			0.00		⁽¹⁾		29.84		N/A			N/A				5.31
Delinquency status⁽²⁾		0.44			0.05			0.15		⁽¹⁾		10.29		N/A			N/A				1.26
Charge-off ratio		1.95			0.30			0.00		⁽³⁾		1.12		N/A			N/A				1.39

(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.
Six Months Ended June 30, 2020 (Dollars in thousands)	Recreation			Home Improvement			Commercial Lending				Medallion Lending			RPAC			and Other Investments			Consolidated
Total interest income	$	53,563		$	12,213		$	3,484			$	995		$	—		$	875		$	71,130
Total interest expense		6,792			2,523			1,274				2,837			80			4,329			17,835
Net interest income (loss)		46,771			9,690			2,210				(1,842	)		(80	)		(3,454	)		53,295
Provision for loan losses		18,893			2,296			—				12,293			—			—			33,482
Net interest income (loss) after loss provision		27,878			7,394			2,210				(14,135	)		(80	)		(3,454	)		19,813
Sponsorship and race winnings		—			—			—				—			6,199			—			6,199
Race team related expenses		—			—			—				—			(3,948	)		—			(3,948	)
Other income (expense), net		(13,869	)		(4,302	)		(1,479	)			(10,865	)		(3,223	)		(7,694	)		(41,432	)
Net income (loss) before taxes		14,009			3,092			731				(25,000	)		(1,052	)		(11,148	)		(19,368	)
Income tax benefit (provision)		(3,582	)		(791	)		(182	)			6,230			262			2,165			4,102
Net income (loss)	$	10,427		$	2,301		$	549			$	(18,770	)	$	(790	)	$	(8,983	)	$	(15,266	)
Balance Sheet Data
Total loans, net	$	759,764		$	278,000		$	68,140			$	84,369		$	—		$	3,344		$	1,193,617
Total assets		775,151			288,501			86,831				190,657			30,542			280,061			1,651,743
Total funds borrowed		617,066			229,237			70,567				151,614			8,615			218,695			1,295,794
Selected Financial Ratios
Return on average assets		2.85	%		1.72	%		1.30	%			(18.56	)%		(5.17	)%		(7.14	)%		(2.23	)%
Return on average equity		14.25			8.62			6.48				(92.14	)		81.74			(26.03	)		(10.82	)
Interest yield		14.98			9.58			10.97				2.04		N/A			N/A				11.31
Net interest margin		13.08			7.58			6.96				(3.78	)	N/A			N/A				8.48
Reserve coverage		3.43			1.44			0.00		⁽¹⁾		29.84		N/A			N/A				5.31
Delinquency status⁽²⁾		0.44			0.05			0.15		⁽¹⁾		10.29		N/A			N/A				1.26
Charge-off ratio		2.78			0.65			0.00		⁽³⁾		3.73		N/A			N/A				2.21

(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 June 30, 2019 (Dollars in thousands)	Recreation			Home Improvement			Commercial Lending				Medallion Lending			RPAC			and Other Investments			Consolidated
Total interest income	$	24,370		$	4,678		$	1,641			$	666		$	—		$	660		$	32,015
Total interest expense		3,189			1,037			666				1,591			36			2,302			8,821
Net interest income (loss)		21,181			3,641			975				(925	)		(36	)		(1,642	)		23,194
Provision for loan losses		6,176			813			—				8,182			—			—			15,171
Net interest income (loss) after loss provision		15,005			2,828			975				(9,107	)		(36	)		(1,642	)		8,023
Sponsorship and race winning		—			—			—				—			4,889			—			4,889
Race team related expenses		—			—			—				—			(2,550	)		—			(2,550	)
Other income (expense), net		(5,938	)		(1,719	)		(780	)			(6,558	)		(1,717	)		(2,128	)		(18,840	)
Net income (loss) before taxes		9,067			1,109			195				(15,665	)		586			(3,770	)		(8,478	)
Income tax benefit (provision)		(2,349	)		(288	)		(48	)			3,779			(141	)		882			1,835
Net income (loss)	$	6,718		$	821		$	147			$	(11,886	)	$	445		$	(2,888	)	$	(6,643	)
Balance Sheet Data as of June 30, 2019
Total loans, net	$	655,868		$	206,636		$	60,395			$	121,314		$	—		$	3,592		$	1,047,805
Total assets		667,600			217,757			86,725				235,948			33,526			240,397			1,481,953
Total funds borrowed		531,708			173,226			68,654				187,575			7,713			186,460			1,155,336
Selected Financial Ratios as of June 30, 2019
Return on average assets		4.21	%		1.94	%		0.66	%			(19.43	)%		5.54	%		(4.82	)%		(2.06	)%
Return on average equity		16.16			7.88			3.31				(97.16	)		(47.72	)		(20.68	)		(10.34	)
Interest yield		15.53			9.46			11.02				1.99		N/A			N/A				11.67
Net interest margin		13.50			7.36			6.55				(2.77	)	N/A			N/A				8.46
Reserve coverage		1.90			1.39			0.71		⁽¹⁾		16.88		N/A			N/A				3.74
Delinquency status⁽²⁾		0.56			0.08			1.13		⁽¹⁾		2.66		N/A			N/A				0.78
Charge-off ratio		1.55			0.17		0.00			⁽³⁾		26.47		N/A			N/A				4.46

(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.
Six Months Ended June 30, 2019 (Dollars in thousands)	Recreation			Home Improvement			Commercial Lending				Medallion Lending			RPAC			and Other Investments			Consolidated
Total interest income	$	46,849		$	9,003		$	3,517			$	1,507		$	—		$	1,182		$	62,058
Total interest expense		5,963			1,943			1,367				3,500			72			3,698			16,543
Net interest income (loss)		40,886			7,060			2,150				(1,993	)		(72	)		(2,516	)		45,515
Provision for loan losses		13,181			1,362			—				13,516			—			455			28,514
Net interest income (loss) after loss provision		27,705			5,698			2,150				(15,509	)		(72	)		(2,971	)		17,001
Sponsorship and race winning		—			—			—				—			8,068			—			8,068
Race team related expenses		—			—			—				—			(4,548	)		—			(4,548	)
Other income (expense), net		(11,320	)		(3,356	)		(1,095	)			(5,344	)		(3,514	)		(3,231	)		(27,860	)
Net income (loss) before taxes		16,385			2,342			1,055				(20,853	)		(66	)		(6,202	)		(7,339	)
Income tax benefit (provision)		(4,244	)		(607	)		(254	)			5,030			16			2,150			2,091
Net income (loss)	$	12,141		$	1,735		$	801			$	(15,823	)	$	(50	)	$	(4,052	)	$	(5,248	)
Balance Sheet Data as of June 30, 2019
Total loans, net	$	655,868		$	206,636		$	60,395			$	121,314		$	—		$	3,592		$	1,047,805
Total assets		667,600			217,757			86,725				235,948			33,526			240,397			1,481,953
Total funds borrowed		531,708			173,226			68,654				187,575			7,713			186,460			1,155,336
Balance Sheet Data as of December 31, 2019
Total loans, net	$	695,257		$	244,716		$	66,405			$	105,022		$	—		$	3,362		$	1,114,762
Total assets		707,377			252,704			84,924				217,483			31,538			247,641			1,541,667
Total funds borrowed		563,805			201,605			68,666				176,825			7,794			150,898			1,169,593
Selected Financial Ratios as of June 30, 2019
Return on average assets		3.93	%		1.98	%		1.81	%			(12.53	)%		(0.32	)%		(3.16	)%		(0.89	)%
Return on average equity		16.26			8.65			9.03				(62.63	)		(3.13	)		(12.54	)		(4.36	)
Interest yield		15.49			9.44			11.85				2.17		N/A			N/A				11.58
Net interest margin		13.52			7.40			7.24				(2.87	)	N/A			N/A				8.49
Reserve coverage		1.90			1.39			0.71		⁽¹⁾		16.88		N/A			N/A				3.74
Delinquency status⁽²⁾		0.56			0.08			1.13		⁽¹⁾		2.66		N/A			N/A				0.78
Charge-off ratio		2.43			0.26			0.00		⁽³⁾		23.94		N/A			N/A				4.88

(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.