XML 67 R54.htm IDEA: XBRL DOCUMENT v3.22.0.1
Segment Reporting (Tables)
 12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
Financial information for the segments is presented in the following table:
LendingClub
Bank		LendingClub
Corporation
(Parent only)		Intercompany
Eliminations		Consolidated Total
Eleven Months Ended December 31,Year Ended December 31,Eleven Months Ended December 31,Year Ended December 31,
20212021202020192021202120202019
Non-interest income:
Marketplace revenue$462,821 $115,759 $245,314 $646,735 $— $578,580 $245,314 $646,735 
Other non-interest income94,953 16,718 13,442 13,831 (84,452)27,219 13,442 13,831 
Total non-interest income557,774 132,477 258,756 660,566 (84,452)605,799 258,756 660,566 
Interest income:
Interest income210,739 82,093 209,694 345,345 — 292,832 209,694 345,345 
Interest expense(8,412)(71,589)(150,366)(247,304)— (80,001)(150,366)(247,304)
Net interest income202,327 10,504 59,328 98,041 — 212,831 59,328 98,041 
Total net revenue760,101 142,981 318,084 758,607 (84,452)818,630 318,084 758,607 
Reversal of (provision for) credit losses(142,182)3,382 (3,382)— — (138,800)(3,382)— 
Non-interest expense(547,799)(198,039)(502,319)(789,498)84,452 (661,386)(502,319)(789,498)
Income (Loss) before income tax benefit (expense)70,120 (51,676)(187,617)(30,891)— 18,444 (187,617)(30,891)
Income tax benefit (expense)9,171 44,013 79 201 (53,048)136 79 201 
Consolidated net income (loss)$79,291 $(7,663)$(187,538)$(30,690)$(53,048)$18,580 $(187,538)$(30,690)
Capital expenditures$32,602 $1,811 $31,147 $50,668 $— $34,413 $31,147 $50,668 
Depreciation and amortization$4,569 $39,716 $54,030 $59,152 $— $44,285 $54,030 $59,152 
LendingClub BankLendingClub Corporation
(Parent only)		Intercompany
Eliminations		Consolidated Total
 December 31, 2021December 31, 2020December 31, 2021December 31, 2020December 31, 2021December 31, 2020December 31, 2021December 31, 2020
Assets
Total cash and cash equivalents$659,919 $— $88,268 $524,963 $(61,061)$— $687,126 $524,963 
Restricted cash— — 76,540 103,522 (80)— 76,460 103,522 
Securities available for sale at fair value205,730 — 57,800 142,226 — — 263,530 142,226 
Loans held for sale335,449 — 55,799 121,902 — — 391,248 121,902 
Loans and leases held for investment, net2,754,737 — — — — — 2,754,737 — 
Retail and certificate loans held for investment at fair value— — 229,719 636,686 — — 229,719 636,686 
Other loans held for investment at fair value— — 21,240 49,954 — — 21,240 49,954 
Property, equipment and software, net36,424 — 61,572 96,641 — — 97,996 96,641 
Investment in subsidiary— — 557,577 — (557,577)— — — 
Goodwill75,717 — — — — — 75,717 — 
Other assets254,075 — 168,042 187,399 (119,571)— 302,546 187,399 
Total assets4,322,051 — 1,316,557 1,863,293 (738,289)— 4,900,319 1,863,293 
Liabilities and Equity
Total deposits3,196,929 — — — (61,141)— 3,135,788 — 
Short-term borrowings165 — 27,615 104,989 — — 27,780 104,989 
Advances from PPPLF271,933 — — — — — 271,933 — 
Retail notes, certificates and secured borrowings at fair value— — 229,719 636,774 — — 229,719 636,774 
Payable on Structured Program borrowings— — 65,451 152,808 — — 65,451 152,808 
Other long-term debt— — 15,455 — — — 15,455 — 
Other liabilities218,775 — 150,727 244,551 (65,551)— 303,951 244,551 
Total liabilities3,687,802 — 488,967 1,139,122 (126,692)— 4,050,077 1,139,122 
Total equity634,249 — 827,590 724,171 (611,597)— 850,242 724,171 
Total liabilities and equity$4,322,051 $— $1,316,557 $1,863,293 $(738,289)$— $4,900,319 $1,863,293