XML 13 R2.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statements of Financial Condition (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Asset    
Cash and cash equivalents $ 41,909 $ 70,927
Restricted cash 1,221 61,881
Investment banking fees receivable 5,608 6,647
Marketable securities owned (includes $78,557 and $18,484 at fair value at March 31, 2019 and December 31, 2018, respectively) 92,190 18,874
Other investments 23,447 16,124
Loans held for investment, net of allowance for loan losses 4,962 29,608
Loans collateralizing asset-backed securities issued, net of allowance for loan losses 1,161,463
Interest receivable 311 3,004
Fixed assets, net 2,575 2,351
Operating lease right-of-use asset 22,104
Other assets 27,438 20,363
Total assets 221,765 1,391,242
Liabilities:    
Marketable securities sold, but not yet purchased, at fair value 2,696 4,626
Accrued compensation 5,647 41,609
Asset-backed securities issued, net of debt issuance costs 1,112,342
Interest payable 1,035 11,210
Note payable 829 829
CLO warehouse credit facilities 22,500
Bond payable (net of debt issuance costs of $2,325 and $2,428 at March 31, 2019 and December 31, 2018, respectively) 83,600 83,497
Operating lease liability 27,470
Other liabilities 14,041 17,423
Total liabilities 135,318 1,294,036
Commitments and Contingencies (Note 16)
JMP Group LLC Shareholders' Equity    
Common shares, $0.001 par value, 100,000,000 shares authorized; 22,780,052 shares issued at both March 31, 2019 and December 31, 2018; 21,210,107 and 21,319,720 shares outstanding at March 31, 2019 and December 31, 2018, respectively 23 23
Additional paid-in capital 134,234 134,129
Treasury shares at cost, 1,569,945 and 1,460,332 shares at March 31, 2019 and December 31, 2018, respectively (8,328) (7,932)
Accumulated other comprehensive loss (782)
Accumulated deficit (38,514) (42,513)
Total JMP Group LLC shareholders' equity 86,633 83,707
Non-controlling interest, at carrying value (186) 13,499
Total equity 86,447 97,206
Total liabilities and equity 221,765 1,391,242
Restricted cash 1,221 61,881
Loans collateralizing asset-backed securities issued, net of allowance for loan losses 1,161,463
Interest receivable 311 3,004
Other investments 23,447 16,124
Other assets 27,438 20,363
Total assets 221,765 1,391,242
Asset-backed securities issued, net of debt issuance costs 1,112,342
Interest payable 1,035 11,210
Other liabilities 14,041 17,423
Total liabilities 135,318 1,294,036
Variable Interest Entity (VIE) or Potential VIE, Information Unavailability [Member]    
Asset    
Restricted cash 50,456
Other investments 821
Loans collateralizing asset-backed securities issued, net of allowance for loan losses 1,161,463
Interest receivable 2,711
Other assets 67
Total assets 1,215,518
Liabilities:    
Asset-backed securities issued, net of debt issuance costs [1] 1,122,187
Interest payable 10,132
Other liabilities 1,877
Total liabilities 1,134,196
JMP Group LLC Shareholders' Equity    
Restricted cash 50,456
Loans collateralizing asset-backed securities issued, net of allowance for loan losses 1,161,463
Interest receivable 2,711
Other investments 821
Other assets 67
Total assets 1,215,518
Asset-backed securities issued, net of debt issuance costs [1] 1,122,187
Interest payable 10,132
Other liabilities 1,877
Total liabilities $ 1,134,196
[1] Includes $9.8 million of debt held by the Company which is eliminated on the Consolidated Statements of Financial Condition.