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Funds Borrowed - Summary of Key Attributes of Various Borrowing Arrangements with Lenders (Detail)
$ in Thousands
6 Months Ended
Jun. 30, 2020
USD ($)
Notes Payable [Line Items]  
Average Interest Rate 2.48% [1]
Notes Payable to Banks [Member]  
Notes Payable [Line Items]  
Note Amounts $ 40,265
Balance outstanding $ 32,223
Average Interest Rate 3.63% [1]
Notes Payable to Banks [Member] | Medallion Financial Corp [Member]  
Notes Payable [Line Items]  
Note Dates Apr. 30, 2011
Note Dates Aug. 31, 2014
Maturity Dates Sep. 30, 2020
Maturity Dates Mar. 31, 2021
Type Term loans and demand notes secured by pledged loans [2]
Note Amounts $ 20,416 [2]
Balance outstanding $ 20,416
Payment Interest only [3]
Average Interest Rate 3.68%
Notes Payable to Banks [Member] | Medallion Chicago [Member]  
Notes Payable [Line Items]  
Note Dates Nov. 30, 2011
Note Dates Dec. 31, 2011
Maturity Dates Feb. 28, 2021
Type Term loans secured by owned Chicago medallions [4]
Note Amounts $ 18,449
Balance outstanding $ 10,687
Payment $134 of principal & interest paid monthly
Average Interest Rate 3.50%
Notes Payable to Banks [Member] | Medallion Funding [Member]  
Notes Payable [Line Items]  
Note Dates Nov. 30, 2018
Maturity Dates Dec. 31, 2023
Note Amounts $ 1,400
Balance outstanding $ 1,120
Payment $70 principal & interest paid quarterly
Average Interest Rate 4.00%
[1] Weighted average contractual rate as of June 30, 2020.
[2] One note has an interest rate of Prime, one note has an interest rate of Prime plus 0.50%, one note has a fixed interest rate of 3.75%, one note has an interest rate of LIBOR plus 3.75%, and the other interest rates on these borrowings are LIBOR plus 2%.
[3] Various agreements call for remittance of all principal received on pledged loans subject to minimum monthly payments ranging up to or from $12 to $85.
[4] Guaranteed by the Company.