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Segment Reporting (Tables)
6 Months Ended
Jun. 30, 2021
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
Financial information for the segments is presented in the following tables:
LendingClub
Corporation
(Parent only)
LendingClub
Bank
Intercompany
Eliminations
Total
Three Months Ended June 30,Three Months Ended June 30,Three Months Ended June 30,Three Months Ended June 30,
 20212020202120202021202020212020
Non-interest income:
Marketplace revenue$23,021 $18,881 $128,714 $— $— $— $151,735 $18,881 
Other non-interest income4,281 2,540 28,340 — (25,880)— 6,741 2,540 
Total non-interest income27,302 21,421 157,054 — (25,880)— 158,476 21,421 
Interest income:
Interest income22,402 60,560 45,325 — — — 67,727 60,560 
Interest expense(19,850)(41,623)(1,972)— — — (21,822)(41,623)
Net interest income2,552 18,937 43,353 — — — 45,905 18,937 
Total net revenue29,854 40,358 200,407 — (25,880)— 204,381 40,358 
Reversal of (provision for) credit losses322 3,511 (34,956)— — — (34,634)3,511 
Non-interest expense(47,837)(122,340)(138,182)— 25,880 — (160,139)(122,340)
Income (Loss) before income tax benefit (expense)(17,661)(78,471)27,269 — — — 9,608 (78,471)
Income tax benefit (expense) (1)
8,922 — 12,513 — (21,672)— (237)— 
Consolidated net income (loss)$(8,739)$(78,471)$39,782 $— $(21,672)$— $9,371 $(78,471)
Capital expenditures$— $8,148 $8,619 $— $— $— $8,619 $8,148 
Depreciation and amortization$10,534 $16,611 $974 $— $— $— $11,508 $16,611 
(1)     Primarily due to reversal of deferred tax asset valuation allowance, which is eliminated upon consolidation.
LendingClub
Corporation
(Parent only)
LendingClub
Bank
Intercompany
Eliminations
Total
Six Months Ended June 30,Five Months Ended June 30,Six Months Ended June 30,Six Months Ended June 30,
 20212020202120202021202020212020
Non-interest income:
Marketplace revenue$68,686 $121,358 $164,776 $— $— $— $233,462 $121,358 
Other non-interest income8,379 7,051 48,040 — (44,071)— 12,348 7,051 
Total non-interest income77,065 128,409 212,816 — (44,071)— 245,810 128,409 
Interest income:
Interest income49,494 129,971 62,823 — — — 112,317 129,971 
Interest expense(44,687)(86,836)(3,219)— — — (47,906)(86,836)
Net interest income4,807 43,135 59,604 — — — 64,411 43,135 
Total net revenue81,872 171,544 272,420 — (44,071)— 310,221 171,544 
 Reversal of (provision for) credit losses2,792 (7,469)(58,919)— — — (56,127)(7,469)
Non-interest expense(124,781)(290,314)(213,681)— 44,071 — (294,391)(290,314)
Loss before income tax benefit (expense)(40,117)(126,239)(180)— — — (40,297)(126,239)
Income tax benefit (expense) (1)
11,214 (319)12,536 — (21,166)— 2,584 (319)
Consolidated net income (loss)$(28,903)$(126,558)$12,356 $— $(21,166)$— $(37,713)$(126,558)
Capital expenditures$1,811 $19,583 $13,173 $— $— $— $14,984 $19,583 
Depreciation and amortization$21,684 $29,484 $1,590 $— $— $— $23,274 $29,484 
(1)     Primarily due to reversal of deferred tax asset valuation allowance, which is eliminated upon consolidation.
LendingClub
Corporation
(Parent only)
LendingClub
Bank
Intercompany
Eliminations
Total
 June 30, 2021December 31, 2020June 30, 2021December 31, 2020June 30, 2021December 31, 2020June 30, 2021December 31, 2020
Assets
Total cash and cash equivalents$72,458 $524,963 $493,915 $— $2,273 $— $568,646 $524,963 
Restricted cash127,781 103,522 — — (3,885)— 123,896 103,522 
Securities available for sale at fair value95,378 142,226 182,127 — — — 277,505 142,226 
Loans held for sale92,509 121,902 133,819 — — — 226,328 121,902 
Loans and leases held for investment, net— — 2,299,045 — — — 2,299,045 — 
Retail and certificate loans held for investment at fair value391,362 636,686 — — — — 391,362 636,686 
Other loans held for investment at fair value34,523 49,954 — — — — 34,523 49,954 
Property, equipment and software, net78,288 96,641 16,388 — — — 94,676 96,641 
Investment in subsidiary483,696 — — — (483,696)— — — 
Goodwill— — 75,717 — — — 75,717 — 
Other assets189,567 187,399 156,886 — (68,050)— 278,403 187,399 
Total assets1,565,562 1,863,293 3,357,897 — (553,358)— 4,370,101 1,863,293 
Liabilities and Equity
Total deposits— — 2,541,317 — (1,613)— 2,539,704 — 
Short-term borrowings68,460 104,989 321 — — — 68,781 104,989 
Advances from PPPLF— — 195,481 — — — 195,481 — 
Retail notes, certificates and secured borrowings at fair value391,384 636,774 — — — — 391,384 636,774 
Payable on Structured Program borrowings110,871 152,808 — — — — 110,871 152,808 
Other long-term debt15,650 — — — — — 15,650 — 
Other liabilities206,525 244,551 125,790 — (46,444)— 285,871 244,551 
Total liabilities792,890 1,139,122 2,862,909 — (48,057)— 3,607,742 1,139,122 
Total equity772,672 724,171 494,988 — (505,301)— 762,359 724,171 
Total liabilities and equity$1,565,562 $1,863,293 $3,357,897 $— $(553,358)$— $4,370,101 $1,863,293