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Segment Financials (Tables)
9 Months Ended
Sep. 30, 2021
Segment Financials [Abstract]  
Schedule Of Segment Financials

For the three months ended September 30, 2021

Specialty finance

Payments

Corporate

Discontinued operations

Total

(in thousands)

Interest income

$

46,313 

$

—

$

7,187 

$

—

$

53,500 

Interest allocation

—

7,187 

(7,187)

—

—

Interest expense

239 

916 

1,452 

—

2,607 

Net interest income (loss)

46,074 

6,271 

(1,452)

—

50,893 

Provision for credit losses

1,613 

—

—

—

1,613 

Non-interest income

6,408 

20,166 

14 

—

26,588 

Non-interest expense

16,452 

16,286 

6,646 

—

39,384 

Income (loss) from continuing operations before taxes

34,417 

10,151 

(8,084)

—

36,484 

Income tax expense

—

—

8,289 

—

8,289 

Income (loss) from continuing operations

34,417 

10,151 

(16,373)

—

28,195 

Income from discontinued operations

—

—

—

66 

66 

Net income (loss)

$

34,417 

$

10,151 

$

(16,373)

$

66 

$

28,261 

For the three months ended September 30, 2020

Specialty finance

Payments

Corporate

Discontinued operations

Total

(in thousands)

Interest income

$

44,408 

$

—

$

8,070 

$

—

$

52,478 

Interest allocation

—

8,070 

(8,070)

—

—

Interest expense

232 

1,234 

1,016 

—

2,482 

Net interest income (loss)

44,176 

6,836 

(1,016)

—

49,996 

Provision for credit losses

1,297 

—

—

—

1,297 

Non-interest income

2,395 

21,933 

24 

—

24,352 

Non-interest expense

17,236 

16,939 

7,851 

—

42,026 

Income (loss) from continuing operations before taxes

28,038 

11,830 

(8,843)

—

31,025 

Income tax expense

—

—

7,894 

—

7,894 

Income (loss) from continuing operations

28,038 

11,830 

(16,737)

—

23,131 

Income from discontinued operations

—

—

—

123 

123 

Net income (loss)

$

28,038 

$

11,830 

$

(16,737)

$

123 

$

23,254 

For the nine months ended September 30, 2021

Specialty finance

Payments

Corporate

Discontinued operations

Total

(in thousands)

Interest income

$

143,549 

$

—

$

23,854 

$

—

$

167,403 

Interest allocation

—

23,854 

(23,854)

—

—

Interest expense

723 

3,298 

4,663 

—

8,684 

Net interest income (loss)

142,826 

20,556 

(4,663)

—

158,719 

Provision for credit losses

1,484 

—

—

—

1,484 

Non-interest income

13,864 

62,600 

59 

—

76,523 

Non-interest expense

50,844 

52,666 

21,640 

—

125,150 

Income (loss) from continuing operations before taxes

104,362 

30,490 

(26,244)

—

108,608 

Income tax expense

—

—

25,195 

—

25,195 

Income (loss) from continuing operations

104,362 

30,490 

(51,439)

—

83,413 

Income from discontinued operations

—

—

—

248 

248 

Net income (loss)

$

104,362 

$

30,490 

$

(51,439)

$

248 

$

83,661 

For the nine months ended September 30, 2020

Specialty finance

Payments

Corporate

Discontinued operations

Total

(in thousands)

Interest income

$

125,254 

$

—

$

30,589 

$

—

$

155,843 

Interest allocation

—

30,589 

(30,589)

—

—

Interest expense

791 

7,381 

4,518 

—

12,690 

Net interest income (loss)

124,463 

23,208 

(4,518)

—

143,153 

Provision for credit losses

5,798 

—

—

—

5,798 

Non-interest income

(1,622)

62,770 

169 

—

61,317 

Non-interest expense

51,742 

51,345 

19,977 

—

123,064 

Income (loss) from continuing operations before taxes

65,301 

34,633 

(24,326)

—

75,608 

Income tax expense

—

—

19,033 

—

19,033 

Income (loss) from continuing operations

65,301 

34,633 

(43,359)

—

56,575 

Loss from discontinued operations

—

—

—

(662)

(662)

Net income (loss)

$

65,301 

$

34,633 

$

(43,359)

$

(662)

$

55,913 

September 30, 2021

Specialty finance

Payments

Corporate

Discontinued operations

Total

(in thousands)

Total assets

$

4,706,208 

$

39,702 

$

1,434,649 

$

87,904 

$

6,268,463 

Total liabilities

$

342,746 

$

4,691,158 

$

596,582 

$

—

$

5,630,486 

December 31, 2020

Specialty finance

Payments

Corporate

Discontinued operations

Total

(in thousands)

Total assets

$

4,491,768 

$

32,976 

$

1,638,447 

$

113,650 

$

6,276,841 

Total liabilities

$

304,908 

$

4,877,674 

$

513,095 

$

—

$

5,695,677