Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2021

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Financial information for the segments is presented in the following tables:

	LendingClub Bank				LendingClub Corporation (Parent only)				Intercompany Eliminations				Total
	Three Months Ended September 30,				Three Months Ended September 30,				Three Months Ended September 30,				Three Months Ended September 30,
	2021		2020		2021		2020		2021		2020		2021		2020
Non-interest income:
Marketplace revenue	$	151,109	$	—	$	23,447	$	54,635	$	—	$	—	$	174,556	$	54,635
Other non-interest income	25,393		—		4,140		3,115		(23,211)		—		6,322		3,115
Total non-interest income	176,502		—		27,587		57,750		(23,211)		—		180,878		57,750
Interest income:
Interest income	64,606		—		18,254		46,773		—		—		82,860		46,773
Interest expense	(2,270)		—		(15,302)		(33,479)		—		—		(17,572)		(33,479)
Net interest income	62,336		—		2,952		13,294		—		—		65,288		13,294
Total net revenue	238,838		—		30,539		71,044		(23,211)		—		246,166		71,044
Reversal of (provision for) credit losses	(38,019)		—		495		3,669		—		—		(37,524)		3,669
Non-interest expense	(161,101)		—		(40,885)		(109,112)		23,211		—		(178,775)		(109,112)
Income (Loss) before income tax benefit (expense)	39,718		—		(9,851)		(34,399)		—		—		29,867		(34,399)
Income tax benefit (expense)	(4,670)		—		12,607		74		(10,619)		—		(2,682)		74
Consolidated net income (loss)	$	35,048	$	—	$	2,756	$	(34,325)	$	(10,619)	$	—	$	27,185	$	(34,325)
Capital expenditures	$	9,451	$	—	$	—	$	5,000	$	—	$	—	$	9,451	$	5,000
Depreciation and amortization	$	1,220	$	—	$	9,329	$	12,348	$	—	$	—	$	10,549	$	12,348

	LendingClub Bank				LendingClub Corporation (Parent only)				Intercompany Eliminations				Total
	Eight Months Ended September 30,				Nine Months Ended September 30,				Nine Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020		2021		2020		2021		2020
Non-interest income:
Marketplace revenue	$	315,885	$	—	$	92,133	$	175,993	$	—	$	—	$	408,018	$	175,993
Other non-interest income	73,433		—		12,519		10,166		(67,282)		—		18,670		10,166
Total non-interest income	389,318		—		104,652		186,159		(67,282)		—		426,688		186,159
Interest income:
Interest income	127,429		—		67,748		176,744		—		—		195,177		176,744
Interest expense	(5,489)		—		(59,989)		(120,315)		—		—		(65,478)		(120,315)
Net interest income	121,940		—		7,759		56,429		—		—		129,699		56,429
Total net revenue	511,258		—		112,411		242,588		(67,282)		—		556,387		242,588
Reversal of (provision for) credit losses	(96,938)		—		3,287		(3,800)		—		—		(93,651)		(3,800)
Non-interest expense	(374,782)		—		(165,666)		(399,426)		67,282		—		(473,166)		(399,426)
Loss before income tax benefit (expense)	39,538		—		(49,968)		(160,638)		—		—		(10,430)		(160,638)
Income tax benefit (expense)	7,866		—		23,821		(245)		(31,785)		—		(98)		(245)
Consolidated net income (loss)	$	47,404	$	—	$	(26,147)	$	(160,883)	$	(31,785)	$	—	$	(10,528)	$	(160,883)
Capital expenditures	$	22,624	$	—	$	1,811	$	24,583	$	—	$	—	$	24,435	$	24,583
Depreciation and amortization	$	2,810	$	—	$	31,013	$	41,832	$	—	$	—	$	33,823	$	41,832

	LendingClub Bank				LendingClub Corporation (Parent only)				Intercompany Eliminations				Total
	September 30, 2021		December 31, 2020		September 30, 2021		December 31, 2020		September 30, 2021		December 31, 2020		September 30, 2021		December 31, 2020
Assets
Total cash and cash equivalents	$	825,538	$	—	$	100,815	$	524,963	$	(64,202)	$	—	$	862,151	$	524,963
Restricted cash	—		—		84,827		103,522		(7,250)		—		77,577		103,522
Securities available for sale at fair value	201,438		—		73,492		142,226		—		—		274,930		142,226
Loans held for sale at fair value	82,483		—		69,677		121,902		—		—		152,160		121,902
Loans and leases held for investment, net	2,603,256		—		—		—		—		—		2,603,256		—
Retail and certificate loans held for investment at fair value	—		—		298,541		636,686		—		—		298,541		636,686
Other loans held for investment at fair value	—		—		27,229		49,954		—		—		27,229		49,954
Property, equipment and software, net	26,457		—		69,616		96,641		—		—		96,073		96,641
Investment in subsidiary	—		—		511,394		—		(511,394)		—		—		—
Goodwill	75,717		—		—		—		—		—		75,717		—
Other assets	199,050		—		176,994		187,399		(92,918)		—		283,126		187,399
Total assets	4,013,939		—		1,412,585		1,863,293		(675,764)		—		4,750,760		1,863,293
Liabilities and Equity
Total deposits	2,910,171		—		—		—		(71,452)		—		2,838,719		—
Short-term borrowings	321		—		45,789		104,989		—		—		46,110		104,989
Advances from PPPLF	391,945		—		—		—		—		—		391,945		—
Retail notes, certificates and secured borrowings at fair value	—		—		298,541		636,774		—		—		298,541		636,774
Payable on Structured Program borrowings	—		—		89,252		152,808		—		—		89,252		152,808
Other long-term debt	—		—		15,563		—		—		—		15,563		—
Other liabilities	154,521		—		171,764		244,551		(60,445)		—		265,840		244,551
Total liabilities	3,456,958		—		620,909		1,139,122		(131,897)		—		3,945,970		1,139,122
Total equity	556,981		—		791,676		724,171		(543,867)		—		804,790		724,171
Total liabilities and equity	$	4,013,939	$	—	$	1,412,585	$	1,863,293	$	(675,764)	$	—	$	4,750,760	$	1,863,293