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Segment Reporting (Tables)
12 Months Ended
Dec. 31, 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
Year Ended December 31,Eleven Months Ended December 31,Year Ended December 31,Year Ended December 31,Eleven Months Ended December 31,Year Ended December 31,
20232022
2021 (1)
20232022202120232022
2021 (1)
202320222021
Non-interest income:
Marketplace revenue$206,381 $610,536 $462,821 $41,817 $48,231 $115,759 $43,286 $24,859 $— $291,484 $683,626 $578,580 
Other non-interest income74,684 85,208 94,953 9,503 15,628 16,718 (72,890)(72,071)(84,452)11,297 28,765 27,219 
Total non-interest income281,065 695,744 557,774 51,320 63,859 132,477 (29,604)(47,212)(84,452)302,781 712,391 605,799 
Interest income:
Interest income818,206 526,471 210,739 14,424 30,869 82,093 — — — 832,630 557,340 292,832 
Interest expense(266,218)(60,954)(8,412)(4,574)(21,561)(71,589)— — — (270,792)(82,515)(80,001)
Net interest income551,988 465,517 202,327 9,850 9,308 10,504 — — — 561,838 474,825 212,831 
Total net revenue833,053 1,161,261 760,101 61,170 73,167 142,981 (29,604)(47,212)(84,452)864,619 1,187,216 818,630 
(Provision for) reversal of credit losses(243,565)(267,326)(142,182)— — 3,382 — — — (243,565)(267,326)(138,800)
Non-interest expense(537,026)(724,304)(547,799)(59,015)(89,761)(198,039)29,604 47,212 84,452 (566,437)(766,853)(661,386)
Income (Loss) before income tax benefit (expense)52,462 169,631 70,120 2,155 (16,594)(51,676)— — — 54,617 153,037 18,444 
Income tax benefit (expense)(17,881)(42,354)9,171 2,203 125,954 44,013 — 53,048 (53,048)(15,678)136,648 136 
Net income (loss)$34,581 $127,277 $79,291 $4,358 $109,360 $(7,663)$— $53,048 $(53,048)$38,939 $289,685 $18,580 
Capital expenditures$59,509 $69,481 $32,602 $— $— $1,811 $— $— $— $59,509 $69,481 $34,413 
Depreciation and amortization$30,216 $16,489 $4,569 $16,979 $27,342 $39,716 $— $— $— $47,195 $43,831 $44,285 
(1)    Because the LendingClub Bank reportable segment was formed upon the Acquisition on February 1, 2021, the associated results are presented for the eleven month period ended December 31, 2021.
LendingClub BankLendingClub Corporation
(Parent only)
Intercompany
Eliminations
Consolidated Total
 December 31, 2023December 31, 2022December 31, 2023December 31, 2022December 31, 2023December 31, 2022December 31, 2023December 31, 2022
Assets
Total cash and cash equivalents$1,230,206 $1,020,874 $110,273 $56,475 $(87,975)$(20,319)$1,252,504 $1,057,030 
Restricted cash— — 46,628 75,409 (4,984)(7,955)41,644 67,454 
Securities available for sale at fair value1,617,309 329,287 2,953 16,415 — — 1,620,262 345,702 
Loans held for sale at fair value
407,773 110,400 — — — — 407,773 110,400 
Loans and leases held for investment, net4,539,915 4,705,302 — — — — 4,539,915 4,705,302 
Loans held for investment at fair value253,800 906,711 8,390 19,227 — — 262,190 925,938 
Retail and certificate loans held for investment at fair value— — 10,488 55,425 — — 10,488 55,425 
Property, equipment and software, net144,439 102,274 17,078 34,199 — — 161,517 136,473 
Investment in subsidiary— — 816,703 755,319 (816,703)(755,319)— — 
Goodwill75,717 75,717 — — — — 75,717 75,717 
Other assets341,680 339,341 131,135 173,851 (17,362)(12,886)455,453 500,306 
Total assets8,610,839 7,589,906 1,143,648 1,186,320 (927,024)(796,479)8,827,463 7,979,747 
Liabilities and Equity
Total deposits7,426,445 6,420,827 — — (92,959)(28,274)7,333,486 6,392,553 
Borrowings
6,398 64,154 2,468 10,704 — — 8,866 74,858 
Retail notes and certificates
— — 10,488 55,425 — — 10,488 55,425 
Other liabilities154,077 189,185 86,086 116,318 (17,362)(12,886)222,801 292,617 
Total liabilities7,586,920 6,674,166 99,042 182,447 (110,321)(41,160)7,575,641 6,815,453 
Total equity1,023,919 915,740 1,044,606 1,003,873 (816,703)(755,319)1,251,822 1,164,294 
Total liabilities and equity$8,610,839 $7,589,906 $1,143,648 $1,186,320 $(927,024)$(796,479)$8,827,463 $7,979,747