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Segment Reporting (Tables)
6 Months Ended
Jun. 30, 2023
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 June 30,Three Months Ended June 30,Three Months Ended June 30,Three Months Ended June 30,
20232022202320222023202220232022
Non-interest income:
Marketplace revenue$62,006 $191,087 $7,772 $11,167 $13,005 $4,130 $82,783 $206,384 
Other non-interest income21,743 20,041 2,431 3,914 (21,139)(16,507)3,035 7,448 
Total non-interest income83,749 211,128 10,203 15,081 (8,134)(12,377)85,818 213,832 
Interest income:
Interest income210,514 120,152 3,972 8,316 — — 214,486 128,468 
Interest expense(66,546)(6,213)(1,288)(6,029)— — (67,834)(12,242)
Net interest income143,968 113,939 2,684 2,287 — — 146,652 116,226 
Total net revenue227,717 325,067 12,887 17,368 (8,134)(12,377)232,470 330,058 
Provision for credit losses(66,611)(70,566)16 — — — (66,595)(70,566)
Non-interest expense(142,563)(196,636)(16,650)(25,127)8,134 12,377 (151,079)(209,386)
Income (Loss) before income tax benefit (expense) 18,543 57,865 (3,747)(7,759)— — 14,796 50,106 
Income tax benefit (expense)(5,429)(17,318)743 85,864 — 63,408 (4,686)131,954 
Net income (loss)$13,114 $40,547 $(3,004)$78,105 $— $63,408 $10,110 $182,060 
Capital expenditures$15,857 $15,783 $— $— $— $— $15,857 $15,783 
Depreciation and amortization$7,073 $3,510 $4,565 $7,047 $— $— $11,638 $10,557 
LendingClub
Bank
LendingClub
Corporation
(Parent only)
Intercompany
Eliminations
Consolidated Total
Six Months Ended June 30,Six Months Ended June 30,Six Months Ended June 30,Six Months Ended June 30,
20232022202320222023202220232022
Non-interest income:
Marketplace revenue$134,694 $355,922 $20,880 $26,298 $22,843 $4,130 $178,417 $386,350 
Other non-interest income40,904 39,539 4,984 8,137 (39,497)(30,337)6,391 17,339 
Total non-interest income175,598 395,461 25,864 34,435 (16,654)(26,207)184,808 403,689 
Interest income:
Interest income408,844 219,975 8,055 20,146 — — 416,899 240,121 
Interest expense(120,442)(9,857)(3,101)(14,358)— — (123,543)(24,215)
Net interest income288,402 210,118 4,954 5,788 — — 293,356 215,906 
Total net revenue464,000 605,579 30,818 40,223 (16,654)(26,207)478,164 619,595 
Provision for credit losses(137,195)(123,075)16 — — — (137,179)(123,075)
Non-interest expense(290,946)(375,095)(34,095)(51,702)16,654 26,207 (308,387)(400,590)
Income (Loss) before income tax benefit (expense)35,859 107,409 (3,261)(11,479)— — 32,598 95,930 
Income tax benefit (expense)(9,685)(29,673)863 103,591 — 53,048 (8,822)126,966 
Net income (loss)$26,174 $77,736 $(2,398)$92,112 $— $53,048 $23,776 $222,896 
Capital expenditures$32,255 $37,358 $— $— $— $— $32,255 $37,358 
Depreciation and amortization$13,967 $7,010 $10,025 $14,586 $— $— $23,992 $21,596 
LendingClub BankLendingClub Corporation
(Parent only)
Intercompany
Eliminations
Consolidated Total
 June 30, 2023December 31, 2022June 30, 2023December 31, 2022June 30, 2023December 31, 2022June 30, 2023December 31, 2022
Assets
Total cash and cash equivalents$1,176,563 $1,020,874 $74,632 $56,475 $(47,271)$(20,319)$1,203,924 $1,057,030 
Restricted cash— — 41,206 75,409 (6,414)(7,955)34,792 67,454 
Securities available for sale at fair value515,466 329,287 8,113 16,415 — — 523,579 345,702 
Loans held for sale at fair value250,361 110,400 — — — — 250,361 110,400 
Loans and leases held for investment, net5,178,186 4,705,302 — — — — 5,178,186 4,705,302 
Loans held for investment at fair value390,654 906,711 13,465 19,227 — — 404,119 925,938 
Retail and certificate loans held for investment at fair value— — 26,837 55,425 — — 26,837 55,425 
Property, equipment and software, net127,438 102,274 24,170 34,199 — — 151,608 136,473 
Investment in subsidiary— — 797,899 755,319 (797,899)(755,319)— — 
Goodwill75,717 75,717 — — — — 75,717 75,717 
Other assets335,118 339,341 177,798 173,851 (19,533)(12,886)493,383 500,306 
Total assets8,049,503 7,589,906 1,164,120 1,186,320 (871,117)(796,479)8,342,506 7,979,747 
Liabilities and Equity
Total deposits6,897,220 6,420,827 — — (53,685)(28,274)6,843,535 6,392,553 
Borrowings10,654 64,154 5,021 10,704 — — 15,675 74,858 
Retail notes, certificates and secured borrowings at fair value— — 26,837 55,425 — — 26,837 55,425 
Other liabilities156,563 189,185 113,921 116,318 (19,548)(12,886)250,936 292,617 
Total liabilities7,064,437 6,674,166 145,779 182,447 (73,233)(41,160)7,136,983 6,815,453 
Total equity985,066 915,740 1,018,341 1,003,873 (797,884)(755,319)1,205,523 1,164,294 
Total liabilities and equity$8,049,503 $7,589,906 $1,164,120 $1,186,320 $(871,117)$(796,479)$8,342,506 $7,979,747