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Consolidated Statement of Changes in Stockholders' Equity - USD ($)
$ in Thousands
Total
Common Stock [Member]
Additional Paid In Capital [Member]
Treasury Stock [Member]
Retained Earnings [Member]
Accumulated Other Comprehensive Loss [Member]
Parent [Member]
Noncontrolling Interest [Member]
Balance at Dec. 31, 2023 $ 411,774 $ 291 $ 288,046 $ (45,538) $ 103,883 $ (3,696) $ 342,986 $ 68,788
Balance, shares at Dec. 31, 2023   29,051,800            
Balance, shares at Dec. 31, 2023       (5,602,154)        
Net income 11,536       10,024   10,024 1,512
Distributions to non-controlling interest (1,512)             (1,512)
Stock-based compensation expense 1,496 $ 1 1,495       1,496  
Issuance of restricted stock, net, shares   296,178            
Withheld restricted stock for employees' tax obligations, shares   (116,275)            
Withheld restricted stock for employees' tax obligations, value (944)   (944)       (944)  
Forfeiture of restricted stock, net, shares   (1,208)            
Exercise of stock options, value 88   88       88  
Exercise of stock options, shares   13,383            
Purchase of common stock (in Shares)       (264,160)        
Purchase of common stock (2,126)     $ (2,126)     (2,126)  
Dividends paid on common stock (2,338)       (2,338)   (2,338)  
Other comprehensive income (loss), net of tax (150)         (150) (150)  
Ending balance at Mar. 31, 2024 417,824 $ 292 288,685 $ (47,664) 111,569 (3,846) 349,036 68,788
Ending balance, shares at Mar. 31, 2024   29,243,878            
Ending balance, shares at Mar. 31, 2024       (5,866,314)        
Balance at Dec. 31, 2023 411,774 $ 291 288,046 $ (45,538) 103,883 (3,696) 342,986 68,788
Balance, shares at Dec. 31, 2023   29,051,800            
Balance, shares at Dec. 31, 2023       (5,602,154)        
Net income 20,149              
Other comprehensive income (loss), net of tax (48)              
Ending balance at Jun. 30, 2024 422,789 $ 293 290,298 $ (49,179) 116,333 (3,744) 354,001 68,788
Ending balance, shares at Jun. 30, 2024   29,262,204            
Ending balance, shares at Jun. 30, 2024       (6,050,214)        
Balance at Dec. 31, 2023 $ 411,774 $ 291 288,046 $ (45,538) 103,883 (3,696) 342,986 68,788
Balance, shares at Dec. 31, 2023   29,051,800            
Balance, shares at Dec. 31, 2023       (5,602,154)        
Exercise of stock options, shares 40,865              
Ending balance at Dec. 31, 2024 $ 438,958 $ 293 293,412 $ (50,144) 130,256 (3,647) 370,170 68,788
Ending balance, shares at Dec. 31, 2024 23,135,624 29,308,182            
Ending balance, shares at Dec. 31, 2024 6,172,558     (6,172,558)        
Balance at Mar. 31, 2024 $ 417,824 $ 292 288,685 $ (47,664) 111,569 (3,846) 349,036 68,788
Balance, shares at Mar. 31, 2024   29,243,878            
Balance, shares at Mar. 31, 2024       (5,866,314)        
Net income 8,613       7,101   7,101 1,512
Distributions to non-controlling interest (1,512)             (1,512)
Stock-based compensation expense 1,596 $ 1 1,595       1,596  
Forfeiture of restricted stock, net, shares   (1,696)            
Issuance in connection with vesting of restricted stock units   17,155            
Exercise of stock options, value 18   18       18  
Exercise of stock options, shares   2,867            
Purchase of common stock (in Shares)       (183,900)        
Purchase of common stock (1,515)     $ (1,515)     (1,515)  
Dividends paid on common stock (2,337)       (2,337)   (2,337)  
Other comprehensive income (loss), net of tax 102         102 102  
Ending balance at Jun. 30, 2024 422,789 $ 293 290,298 $ (49,179) 116,333 (3,744) 354,001 68,788
Ending balance, shares at Jun. 30, 2024   29,262,204            
Ending balance, shares at Jun. 30, 2024       (6,050,214)        
Balance at Dec. 31, 2024 $ 438,958 $ 293 293,412 $ (50,144) 130,256 (3,647) 370,170 68,788
Balance, shares at Dec. 31, 2024 23,135,624 29,308,182            
Balance, shares at Dec. 31, 2024 6,172,558     (6,172,558)        
Net income $ 13,526       12,014   12,014 1,512
Distributions to non-controlling interest (1,512)             (1,512)
Stock-based compensation expense 1,688 $ 2 1,686       1,688  
Issuance of restricted stock, net, shares   307,059            
Withheld restricted stock for employees' tax obligations, shares   (144,360)            
Withheld restricted stock for employees' tax obligations, value (1,202)   (1,202)       (1,202)  
Forfeiture of restricted stock, net, shares   (3,373)            
Exercise of stock options, value $ 1   1       1  
Exercise of stock options, shares 265 [1] 265            
Purchase of common stock (in Shares)       (60,185)        
Purchase of common stock $ (531)     $ (531)     (531)  
Dividends paid on common stock (2,554)       (2,554)   (2,554)  
Other comprehensive income (loss), net of tax 638         638 638  
Ending balance at Mar. 31, 2025 449,012 $ 295 293,897 $ (50,675) 139,716 (3,009) 380,224 68,788
Ending balance, shares at Mar. 31, 2025   29,467,773            
Ending balance, shares at Mar. 31, 2025       (6,232,743)        
Balance at Dec. 31, 2024 $ 438,958 $ 293 293,412 $ (50,144) 130,256 (3,647) 370,170 68,788
Balance, shares at Dec. 31, 2024 23,135,624 29,308,182            
Balance, shares at Dec. 31, 2024 6,172,558     (6,172,558)        
Net income $ 27,193              
Other comprehensive income (loss), net of tax 549              
Ending balance at Jun. 30, 2025 $ 532,565 $ 295 295,834 $ (51,130) 147,995 (3,098) 389,896 142,669
Ending balance, shares at Jun. 30, 2025 23,246,593 29,527,502            
Ending balance, shares at Jun. 30, 2025 6,280,909     (6,280,909)        
Balance at Mar. 31, 2025 $ 449,012 $ 295 293,897 $ (50,675) 139,716 (3,009) 380,224 68,788
Balance, shares at Mar. 31, 2025   29,467,773            
Balance, shares at Mar. 31, 2025       (6,232,743)        
Net income 13,667       11,069   11,069 2,598
Distributions to non-controlling interest (1,843)             (1,843)
Non-controlling interest equity raised by Medallion Bank 73,126             73,126
Stock-based compensation expense 1,681   1,681       1,681  
Forfeiture of restricted stock, net, shares   (476)            
Issuance in connection with vesting of restricted stock units   19,144            
Exercise of stock options, value $ 256   256       256  
Exercise of stock options, shares 41,061 [1] 41,061            
Purchase of common stock (in Shares)       (48,166)        
Purchase of common stock $ (455)     $ (455)     (455)  
Dividends paid on common stock (in Shares)       0        
Dividends paid on common stock (2,790)     $ 0 (2,790)   (2,790)  
Other comprehensive income (loss), net of tax (89)         (89) (89)  
Ending balance at Jun. 30, 2025 $ 532,565 $ 295 $ 295,834 $ (51,130) $ 147,995 $ (3,098) $ 389,896 $ 142,669
Ending balance, shares at Jun. 30, 2025 23,246,593 29,527,502            
Ending balance, shares at Jun. 30, 2025 6,280,909     (6,280,909)        
[1] The aggregate intrinsic value, which represents the difference between the price of the Company’s common stock at the exercise date and the related exercise price of the underlying options, was less than $0.1 million for both the three and six months ended June 30, 2025 and the year ended December 31, 2024.