Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2022

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				Consolidated Total
	Three Months Ended September 30,				Three Months Ended September 30,				Three Months Ended September 30,				Three Months Ended September 30,
	2022		2021		2022		2021		2022		2021		2022		2021
Non-interest income:
Marketplace revenue	$	153,504	$	151,109	$	9,015	$	23,447	$	11,318	$	—	$	173,837	$	174,556
Other non-interest income	25,240		25,393		4,794		4,140		(22,634)		(23,211)		7,400		6,322
Total non-interest income	178,744		176,502		13,809		27,587		(11,316)		(23,211)		181,237		180,878
Interest income:
Interest income	137,142		64,606		6,078		18,254		—		—		143,220		82,860
Interest expense	(15,277)		(2,270)		(4,267)		(15,302)		—		—		(19,544)		(17,572)
Net interest income	121,865		62,336		1,811		2,952		—		—		123,676		65,288
Total net revenue	300,609		238,838		15,620		30,539		(11,316)		(23,211)		304,913		246,166
(Provision for) reversal of credit losses	(82,739)		(38,019)		—		495		—		—		(82,739)		(37,524)
Non-interest expense	(177,714)		(161,101)		(19,821)		(40,885)		11,316		23,211		(186,219)		(178,775)
Income (Loss) before income tax benefit (expense)	40,156		39,718		(4,201)		(9,851)		—		—		35,955		29,867
Income tax benefit (expense)	(9,440)		(4,670)		16,683		12,607		—		(10,619)		7,243		(2,682)
Net income	$	30,716	$	35,048	$	12,482	$	2,756	$	—	$	(10,619)	$	43,198	$	27,185
Capital expenditures	$	17,301	$	9,451	$	—	$	—	$	—	$	—	$	17,301	$	9,451
Depreciation and amortization	$	4,099	$	1,220	$	6,582	$	9,329	$	—	$	—	$	10,681	$	10,549

	LendingClub Bank				LendingClub Corporation (Parent only)				Intercompany Eliminations				Consolidated Total
	Nine Months Ended September 30,		Eight Months Ended September 30,		Nine Months Ended September 30,				Nine Months Ended September 30,		Eight Months Ended September 30,		Nine Months Ended September 30,
	2022		2021		2022		2021		2022		2021		2022		2021
Non-interest income:
Marketplace revenue	$	509,426	$	315,885	$	35,313	$	92,133	$	15,448	$	—	$	560,187	$	408,018
Other non-interest income	64,779		73,433		12,931		12,519		(52,971)		(67,282)		24,739		18,670
Total non-interest income	574,205		389,318		48,244		104,652		(37,523)		(67,282)		584,926		426,688
Interest income:
Interest income	357,117		127,429		26,224		67,748		—		—		383,341		195,177
Interest expense	(25,134)		(5,489)		(18,625)		(59,989)		—		—		(43,759)		(65,478)
Net interest income	331,983		121,940		7,599		7,759		—		—		339,582		129,699
Total net revenue	906,188		511,258		55,843		112,411		(37,523)		(67,282)		924,508		556,387
(Provision for) reversal of credit losses	(205,814)		(96,938)		—		3,287		—		—		(205,814)		(93,651)
Non-interest expense	(552,809)		(374,782)		(71,523)		(165,666)		37,523		67,282		(586,809)		(473,166)
Income (Loss) before income tax benefit (expense)	147,565		39,538		(15,680)		(49,968)		—		—		131,885		(10,430)
Income tax benefit (expense)	(39,113)		7,866		120,274		23,821		53,048		(31,785)		134,209		(98)
Net income (loss)	$	108,452	$	47,404	$	104,594	$	(26,147)	$	53,048	$	(31,785)	$	266,094	$	(10,528)
Capital expenditures	$	54,659	$	22,624	$	—	$	1,811	$	—	$	—	$	54,659	$	24,435
Depreciation and amortization	$	11,109	$	2,810	$	21,168	$	31,013	$	—	$	—	$	32,277	$	33,823

	LendingClub Bank				LendingClub Corporation (Parent only)				Intercompany Eliminations				Consolidated Total
	September 30, 2022		December 31, 2021		September 30, 2022		December 31, 2021		September 30, 2022		December 31, 2021		September 30, 2022		December 31, 2021
Assets
Total cash and cash equivalents	$	896,519	$	659,919	$	109,200	$	88,268	$	(52,878)	$	(61,061)	$	952,841	$	687,126
Restricted cash	—		—		78,746		76,540		(12,461)		(80)		66,285		76,460
Securities available for sale at fair value	338,096		205,730		21,061		57,800		—		—		359,157		263,530
Loans held for sale	90,058		335,449		—		55,799		—		—		90,058		391,248
Loans and leases held for investment, net	4,503,726		2,754,737		—		—		—		—		4,503,726		2,754,737
Retail and certificate loans held for investment at fair value	—		—		87,144		229,719		—		—		87,144		229,719
Other loans held for investment at fair value	—		—		15,057		21,240		—		—		15,057		21,240
Property, equipment and software, net	89,576		36,424		40,381		61,572		—		—		129,957		97,996
Investment in subsidiary	—		—		671,574		557,577		(671,574)		(557,577)		—		—
Goodwill	75,717		75,717		—		—		—		—		75,717		75,717
Other assets	305,456		254,075		207,556		168,042		(17,880)		(119,571)		495,132		302,546
Total assets	6,299,148		4,322,051		1,230,719		1,316,557		(754,793)		(738,289)		6,775,074		4,900,319
Liabilities and Equity
Total deposits	5,188,845		3,196,929		—		—		(65,339)		(61,141)		5,123,506		3,135,788
Short-term borrowings	165		165		4,638		27,615		—		—		4,803		27,780
Advances from PPPLF	91,671		271,933		—		—		—		—		91,671		271,933
Retail notes, certificates and secured borrowings at fair value	—		—		87,144		229,719		—		—		87,144		229,719
Payable on Structured Program borrowings	—		—		11,185		65,451		—		—		11,185		65,451
Other long-term debt	—		—		15,300		15,455		—		—		15,300		15,455
Other liabilities	205,814		218,775		132,121		150,727		(17,880)		(65,551)		320,055		303,951
Total liabilities	5,486,495		3,687,802		250,388		488,967		(83,219)		(126,692)		5,653,664		4,050,077
Total equity	812,653		634,249		980,331		827,590		(671,574)		(611,597)		1,121,410		850,242
Total liabilities and equity	$	6,299,148	$	4,322,051	$	1,230,719	$	1,316,557	$	(754,793)	$	(738,289)	$	6,775,074	$	4,900,319