Note 22 - Business Segments (Tables)

3 Months Ended

Mar. 31, 2019

Notes Tables

Schedule of Segment Reporting Information, by Segment [Table Text Block]

(In thousands)	Three Months Ended March 31,
	2019			2018
Broker-Dealer
Non-interest revenues	$	16,420		$	25,329
Total net revenues after provision for loan losses	$	16,420		$	25,329
Non-interest expenses		17,900			22,916
Segment operating pre-tax net income (loss)	$	(1,480	)	$	2,413
Segment assets	$	46,764		$	59,619
Asset Management Fee Income
Non-interest revenues	$	2,361		$	3,989
Total net revenues after provision for loan losses	$	2,361		$	3,989
Non-interest expenses		3,090			5,020
Segment operating pre-tax net loss	$	(729	)	$	(1,031	)
Segment assets	$	11,053		$	19,004
Investment Income
Non-interest revenues	$	5,751		$	2,168
Net interest income		3,322			2,127
Provision for loan losses		-			(893	)
Total net revenues after provision for loan losses	$	9,073		$	3,402
Non-interest expenses		2,549			4,189
Segment operating pre-tax net income (loss)	$	6,524		$	(787	)
Segment assets	$	116,358			1,017,558
Corporate Costs
Non-interest expenses	$	2,060		$	2,258
Segment operating pre-tax net loss	$	(2,060	)	$	(2,258	)
Segment assets	$	304,719		$	293,057
Eliminations
Non-interest revenues	$	(1,014	)	$	(979	)
Total net revenues after provision for loan losses	$	(1,014	)	$	(979	)
Non-interest expenses		(1,014	)		(981	)
Segment operating pre-tax net income	$	-		$	2
Segment assets	$	(257,129	)	$	(287,419	)
Consolidating adjustments and reconciling items
Non-interest revenues	$	132	(a)	$	(2,213	)	(a)
Net interest income		195	(b)		881		(b)
Loss on repurchase or early retirement of debt		-			(2,626	)
Provision for loan losses		-			(572	)
Total net revenues after provision for loan losses	$	327		$	(4,530	)
Non-interest expenses		1,545	(c)		1,124		(c)
Non-controlling interest expense		70			(1,464	)
Segment operating pre-tax net loss	$	(1,288	)	$	(4,190	)
Segment assets		-			-
Total Segments
Non-interest revenues		23,649			28,294
Net interest income		3,518			3,008
Loss on repurchase, reissuance or early retirement of debt		-			(2,626	)
Provision for loan losses		-			(1,465	)
Total net revenues after provision for loan losses	$	27,167		$	27,211
Non-interest expenses		26,130			34,526
Non-controlling interest expense		70			(1,464	)
Consolidated net income (loss) attributable to JMP Group LLC	$	967		$	(5,851	)
Total assets	$	221,765		$	1,101,818

Reconciliation of Revenue from Segments to Consolidated [Table Text Block]

(In thousands)	Three Months Ended March 31,
	2019			2018
Operating net income (loss)	$	1,669		$	(1,631	)
Addback (subtract) of segment income tax expense (benefit)		586			(30	)
Total segments adjusted operating pre-tax net income (loss)	$	2,255		$	(1,661	)
Subtract (add back)
Share-based awards and deferred compensation		844			144
General loan loss provision – CLOs, CLO warehouse		-			329
Early debt retirement/reissuance		-			1,318
Restructuring costs – CLOs		-			64
Amortization of intangible asset – CLO III		277			69
Unrealized loss – real estate-related depreciation and amortization		557			1,628
Unrealized mark-to-market (gain) loss - strategic equity investments		(390	)		638
Total consolidation adjustments and reconciling items		1,288			4,190
Consolidated pre-tax net income (loss) attributable to JMP Group LLC	$	967		$	(5,851	)
Income tax benefit		(4,102	)		(5,568	)
Consolidated net income (loss) attributable to JMP Group LLC	$	5,069		$	(283	)