Note 25 - Business Segments (Tables)

12 Months Ended

Dec. 31, 2019

Notes Tables

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

(In thousands)	Year Ended December 31,
	2019				2018
Broker-Dealer
Non-interest revenues	$	83,364			$	108,841
Total net revenues after provision for loan losses	$	83,364			$	108,841
Non-interest expenses		90,066				97,910
Segment operating pre-tax net income	$	(6,702	)		$	10,931
Segment assets	$	62,425			$	67,594
Asset Management Fee Income
Non-interest revenues	$	8,691			$	18,471
Total net revenues after provision for loan losses	$	8,691			$	18,471
Non-interest expenses		9,352				19,422
Segment operating pre-tax net (loss) income	$	(661	)		$	(951	)
Segment assets	$	12,281			$	23,897
Investment Income
Non-interest revenues	$	10,752			$	7,021
Net interest income		5,317				12,681
Gain (loss) on repurchase, reissuance or early retirement of debt		-				(42	)
Provision for loan losses		(438	)			(1,638	)
Total net revenues after provision for loan losses	$	15,631			$	18,022
Non-interest expenses		2,351				11,006
Segment operating pre-tax net income	$	13,280			$	7,016
Segment assets	$	84,003			$	1,294,864
Corporate Costs
Non-interest expenses	$	7,067			$	10,069
Segment operating pre-tax net loss	$	(7,067	)		$	(10,069	)
Segment assets	$	234,443			$	250,402
Eliminations
Non-interest revenues	$	(1,140	)		$	(4,674	)
Total net revenues after provision for loan losses	$	(1,140	)		$	(4,674	)
Non-interest expenses		(1,140	)			(4,676	)
Segment operating pre-tax net income (loss)	$	-			$	2
Segment assets	$	(162,895	)		$	(245,515	)
Consolidating adjustments and reconciling items
Non-interest revenues	$	(6,033	)	(a)	$	(2,215	)	(a)
Net interest income		26		(b)		4,261		(b)
Loss on repurchase or early retirement of debt		(458	)			(2,796	)
Provision for loan losses		0				(3,486	)
Total net revenues after provision for loan losses	$	(6,465	)		$	(4,236	)
Non-interest expenses		5,768		(c)		2,749		(c)
Non-controlling interest expense		(7	)			964
Segment operating pre-tax net loss	$	(12,226	)		$	(7,949	)
Segment assets		-				-
Total Segments
Non-interest revenues	$	95,634			$	127,444
Net interest income		5,343				16,942
Loss on repurchase, reissuance or early retirement of debt		(458	)			(2,838	)
Provision for loan losses		(438	)			(5,124	)
Total net revenues after provision for loan losses	$	100,081			$	136,424
Non-interest expenses		113,464				136,480
Non-controlling interest expense		(7	)			964
Loss before income taxes	$	(13,376	)		$	(1,020	)
Total assets	$	230,257			$	1,391,242

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

(In thousands)	Year Ended December 31,
	2019			2018
Operating net income	$	(851	)	$	6,018
Addback of segment income tax expense		(299	)		911
Total segments adjusted operating pre-tax net income	$	(1,150	)	$	6,929
Subtract
Share-based awards and deferred compensation		4,079			167
General loan loss provision – CLOs, CLO warehouse		-			2,878
Early debt retirement		625			1,488
Impairment – CLO equity		4,204			-
Restructuring costs – CLOs		-			54
Amortization of intangible asset – CLO III		277			276
Unrealized loss – real estate-related depreciation and amortization		1,779			2,233
Unrealized mark-to-market loss – strategic equity investments		1,262			853
Total consolidation adjustments and reconciling items		12,226			7,949
Consolidated pre-tax net loss attributable to JMP Group LLC	$	(13,376	)	$	(1,020	)
Income tax expense (benefit)		(6,827	)		1,167
Consolidated net loss attributable to JMP Group LLC	$	(6,549	)	$	(2,187	)