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LendingClub Corporation – Parent Company Only Financial Statements - Balance Sheets (Details) - USD ($)
$ / shares in Units, $ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Mar. 20, 2020
Assets      
Cash and due from banks $ 35,670 $ 5,197  
Interest-bearing deposits in banks 651,456 519,766  
Cash and cash equivalents 687,126 524,963  
Restricted cash [1] 76,460 103,522  
Securities available for sale at fair value 263,530 142,226  
Loans held for sale at fair value 142,370 121,902  
Retail and certificate loans held for investment at fair value [1] 229,719 636,686  
Other loans held for investment at fair value [1] 21,240 49,954  
Property, equipment and software, net 97,996 96,641  
Other assets [1] 302,546 187,399  
Total assets 4,900,319 1,863,293  
Liabilities      
Short-term borrowings 27,780 104,989  
Retail notes, certificates and secured borrowings at fair value [1] 229,719 636,774  
Payable on Structured Program borrowings [1] 65,451 152,808  
Other long-term debt 15,455 0  
Other liabilities [1] 303,951 244,551  
Total liabilities 4,050,077 1,139,122  
Equity      
Common stock 1,010 881  
Additional paid-in capital 1,609,820 1,508,020  
Accumulated deficit (767,634) (786,214)  
Accumulated other comprehensive income 7,046 1,484  
Total liabilities and equity 4,900,319 1,863,293  
Securities available for sale at amortized cost $ 256,170 $ 159,164  
Common stock, par value ($ per share) $ 0.01 $ 0.01 $ 0.01
Common stock, shares authorized (shares) 180,000,000 180,000,000  
Common stock, shares outstanding (shares) 101,043,924 88,149,510  
Common stock, shares issued (shares) 101,043,924 88,149,510  
LendingClub      
Assets      
Cash and due from banks $ 58,284 $ 5,197  
Interest-bearing deposits in banks 29,984 519,766  
Cash and cash equivalents 88,268 524,963  
Restricted cash 76,540 103,522  
Securities available for sale at fair value 57,800 142,226  
Loans held for sale at fair value 55,799 121,902  
Retail and certificate loans held for investment at fair value 229,719 636,686  
Other loans held for investment at fair value 21,240 49,954  
Property, equipment and software, net 61,572 96,641  
Investment in subsidiary 634,249    
Other assets 168,042 187,399  
Total assets 1,393,229 1,863,293  
Liabilities      
Short-term borrowings 27,615 104,989  
Retail notes, certificates and secured borrowings at fair value 229,719 636,774  
Payable on Structured Program borrowings 65,451 152,808  
Other long-term debt 15,455    
Other liabilities 150,727 244,551  
Total liabilities 488,967 1,139,122  
Equity      
Common stock 1,010 881  
Additional paid-in capital 1,609,820 1,508,020  
Accumulated deficit (714,586) (786,214)  
Accumulated other comprehensive income 8,018 1,484  
Total equity 904,262 724,171  
Total liabilities and equity 1,393,229 $ 1,863,293  
Securities available for sale at amortized cost $ 47,225    
[1] Includes amounts in variable interest entities (VIEs) presented separately in the table below.
The following table presents the assets and liabilities of consolidated VIEs, which are included on the Consolidated Balance Sheets (Balance Sheet) above. The assets in the table below may only be used to settle obligations of consolidated VIEs and are in excess of those obligations. Additionally, the assets and liabilities in the table below include third-party assets and liabilities of consolidated VIEs only and exclude intercompany balances that eliminate in consolidation.
December 31,20212020
Assets of consolidated VIEs, included in total assets above
Restricted cash $13,462 $15,983 
Loans held for sale at fair value41,734 98,190 
 Retail and certificate loans held for investment at fair value 10,281 52,620 
Other loans held for investment at fair value20,929 50,102 
Other assets 584 1,270 
Total assets of consolidated VIEs$86,990 $218,165 
Liabilities of consolidated VIEs, included in total liabilities above
Retail notes, certificates and secured borrowings at fair value$10,281 $52,620 
Payable on Structured Program borrowings65,451 152,808 
Other liabilities467 729 
Total liabilities of consolidated VIEs$76,199 $206,157