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Business Acquisition - Summary of Income Statement Reclassification Adjustments (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]        
Net fair value adjustments $ 2,705 $ (3,326) $ (6,714) [1] $ (99,144) [1]
Net interest income [2] 65,288 13,294 129,699 56,429
Gain on sales of loans 21,907 7,739 49,547 23,724
Non-interest income        
Marketplace revenue [2] 174,556 54,635 408,018 175,993
Other non-interest income [2] 6,322 3,115 18,670 10,166
Total non-interest income [2] 180,878 57,750 426,688 186,159
Interest income        
Interest on loans held for sale [2] 8,536 14,916 22,387 67,579
Interest on retail and certificate loans held for investment at fair value [2] 12,172 27,117 48,448 92,193
Interest on other loans held for investment at fair value [2] 973 1,948 3,674 6,021
Interest on securities available for sale [2] 3,180 2,754 7,954 9,930
Other interest income [2] 355 38 701 1,021
Total interest income [2] 82,860 46,773 195,177 176,744
Interest expense        
Interest on short-term borrowings [2] 849 3,179 3,116 16,332
Interest on retail notes, certificates and secured borrowings [2] 12,172 27,117 48,448 92,193
Interest on Structured Program borrowings [2] 2,120 3,046 7,996 11,418
Interest on other long-term debt [2] 532 137 1,306 372
Total interest expense [2] 17,572 33,479 65,478 120,315
Total net revenue [2] 246,166 71,044 556,387 242,588
Provision for credit losses [2] 37,524 (3,669) 93,651 [1] 3,800 [1]
Non-interest expense        
Compensation and benefits [2] 73,304 58,649 209,649 199,991
Marketing [2] 50,782 2,135 105,434 43,030
Equipment and software [2] 10,297 6,430 27,471 20,931
Occupancy [2] 6,486 6,466 19,543 22,241
Depreciation and amortization [2] 10,549 12,348 33,823 41,832
Professional services [2] 11,750 8,817 34,873 32,723
Other non-interest expense [2] 15,607 14,267 42,373 38,678
Total non-interest expense [2] 178,775 109,112 473,166 399,426
Income tax benefit 2,682 (74) 98 245
Consolidated net income (loss) 27,185 (34,325) (10,528) [1] (160,883) [1]
LendingClub        
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]        
Interest income   0   0
Net fair value adjustments   0   0
Gain on sales of loans   0   0
Net investor revenue   0   0
Other revenue   0   0
Total net revenue   0   0
Non-interest income        
Marketplace revenue   54,635   175,993
Other non-interest income   3,115   10,166
Total non-interest income   57,750   186,159
Interest income        
Interest on loans held for sale   14,916   67,579
Interest on retail and certificate loans held for investment at fair value   27,117   92,193
Interest on other loans held for investment at fair value   1,948   6,021
Interest on securities available for sale   2,754   9,930
Other interest income   38   1,021
Total interest income   46,773   176,744
Interest expense        
Interest on short-term borrowings   3,179   16,332
Interest on retail notes, certificates and secured borrowings   27,117   92,193
Interest on Structured Program borrowings   3,046   11,418
Interest on other long-term debt   137   372
Total interest expense   33,479   120,315
Net interest income   13,294   56,429
Total net revenue   71,044   242,588
Provision for credit losses   (3,669)   3,800
Operating expenses        
Sales and marketing   0   0
Origination and servicing   0   0
Engineering and product development   0   0
Other general and administrative   0   0
Total operating expenses   0   0
Non-interest expense        
Compensation and benefits   58,649   199,991
Marketing   2,135   43,030
Equipment and software   6,430   20,931
Occupancy   6,466   22,241
Depreciation and amortization   12,348   41,832
Professional services   8,817   32,723
Other non-interest expense   14,267   38,678
Total non-interest expense   109,112   399,426
Income (Loss) before income tax expense   (34,399)   (160,638)
Income tax benefit   (74)   245
Consolidated net income (loss)   (34,325)   (160,883)
Transaction fees        
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]        
Net Revenue $ 129,125 24,372 $ 298,486 164,489
Transaction fees | LendingClub        
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]        
Net Revenue   0   0
Investor fees | LendingClub        
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]        
Net Revenue   0   0
LendingClub Historical Presentation | LendingClub        
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]        
Interest income   46,773   176,744
Interest expense   (32,440)   (114,447)
Net fair value adjustments   (696)   (108,812)
Net interest income   13,637   (46,515)
Gain on sales of loans   7,739   23,724
Net investor revenue   47,226   64,133
Other revenue   3,115   10,166
Total net revenue   74,713   238,788
Non-interest income        
Marketplace revenue   0   0
Other non-interest income   0   0
Total non-interest income   0   0
Interest income        
Interest on loans held for sale   0   0
Interest on retail and certificate loans held for investment at fair value   0   0
Interest on other loans held for investment at fair value   0   0
Interest on securities available for sale   0   0
Other interest income   0   0
Total interest income   0   0
Interest expense        
Interest on short-term borrowings   0   0
Interest on retail notes, certificates and secured borrowings   0   0
Interest on Structured Program borrowings   0   0
Interest on other long-term debt   0   0
Total net revenue   0   0
Provision for credit losses   0   0
Operating expenses        
Sales and marketing   7,201   65,708
Origination and servicing   15,595   54,419
Engineering and product development   31,984   109,861
Other general and administrative   54,332   169,438
Total operating expenses   109,112   399,426
Non-interest expense        
Compensation and benefits   0   0
Marketing   0   0
Equipment and software   0   0
Occupancy   0   0
Depreciation and amortization   0   0
Professional services   0   0
Other non-interest expense   0   0
Total non-interest expense   0   0
Income (Loss) before income tax expense   (34,399)   (160,638)
Income tax benefit   (74)   245
Consolidated net income (loss)   (34,325)   (160,883)
LendingClub Historical Presentation | Transaction fees | LendingClub        
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]        
Net Revenue   24,372   164,489
LendingClub Historical Presentation | Investor fees | LendingClub        
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]        
Net Revenue   25,850   86,924
Reclassification Adjustments | LendingClub        
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]        
Interest income   (46,773)   (176,744)
Interest expense   32,440   114,447
Net fair value adjustments   696   108,812
Net interest income   (13,637)   46,515
Gain on sales of loans   (7,739)   (23,724)
Net investor revenue   (47,226)   (64,133)
Other revenue   (3,115)   (10,166)
Total net revenue   (74,713)   (238,788)
Non-interest income        
Marketplace revenue   54,635   175,993
Other non-interest income   3,115   10,166
Total non-interest income   57,750   186,159
Interest income        
Interest on loans held for sale   14,916   67,579
Interest on retail and certificate loans held for investment at fair value   27,117   92,193
Interest on other loans held for investment at fair value   1,948   6,021
Interest on securities available for sale   2,754   9,930
Other interest income   38   1,021
Total interest income   46,773   176,744
Interest expense        
Interest on short-term borrowings   3,179   16,332
Interest on retail notes, certificates and secured borrowings   27,117   92,193
Interest on Structured Program borrowings   3,046   11,418
Interest on other long-term debt   137   372
Total interest expense   33,479   120,315
Net interest income   13,294   56,429
Total net revenue   71,044   242,588
Provision for credit losses   (3,669)   3,800
Operating expenses        
Sales and marketing   (7,201)   (65,708)
Origination and servicing   (15,595)   (54,419)
Engineering and product development   (31,984)   (109,861)
Other general and administrative   (54,332)   (169,438)
Total operating expenses   (109,112)   (399,426)
Non-interest expense        
Compensation and benefits   58,649   199,991
Marketing   2,135   43,030
Equipment and software   6,430   20,931
Occupancy   6,466   22,241
Depreciation and amortization   12,348   41,832
Professional services   8,817   32,723
Other non-interest expense   14,267   38,678
Total non-interest expense   109,112   399,426
Income (Loss) before income tax expense   0   0
Income tax benefit   0   0
Consolidated net income (loss)   0   0
Reclassification Adjustments | Transaction fees | LendingClub        
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]        
Net Revenue   (24,372)   (164,489)
Reclassification Adjustments | Investor fees | LendingClub        
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]        
Net Revenue   $ (25,850)   $ (86,924)
[1] Prior period amounts have been reclassified to conform to the current period presentation. See “Notes to Condensed Consolidated Financial Statements Note 1. Summary of Significant Accounting Policies” for additional information.
[2] Prior period amounts have been reclassified to conform to the current period presentation. See “Notes to Condensed Consolidated Financial Statements Note 1. Summary of Significant Accounting Policies” for additional information.