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Note 28 - Consolidating Financial Statements (Tables)
12 Months Ended
Dec. 31, 2019
Notes Tables  
Condensed Balance Sheet [Table Text Block]
   
As of December 31, 2019
 
   
Parent Companies and Guarantors
   
Subsidiary Issuer
   
Non-Guarantor Subsidiaries
   
Eliminations
   
Consolidated JMP Group LLC
 
Assets
                                       
Cash and cash equivalents
  $
3,174
    $
9,384
    $
37,072
    $
-
    $
49,630
 
Restricted cash and deposits
   
-
     
1,287
     
-
     
-
     
1,287
 
Investment banking fees receivable, net of allowance for doubtful accounts
   
-
     
-
     
9,066
     
-
     
9,066
 
Marketable securities owned, at fair value
   
10,579
     
23,623
     
38,899
     
-
     
73,101
 
Other investments
   
4,036
     
2,910
     
28,363
     
-
     
35,309
 
Loans held for investment, net of allowance for loan losses
   
1,103
     
92
     
15
     
-
     
1,210
 
Loans collateralizing asset-backed securities issued, net of allowance for loan losses
   
-
     
-
     
-
     
-
     
-
 
Interest receivable
   
-
     
13
     
1,029
     
(540
)    
502
 
Fixed assets, net
   
-
     
-
     
4,267
     
-
     
4,267
 
Operating lease right-of-use asset    
-
     
19,632
     
-
     
-
     
19,632
 
Other assets
   
629
     
73,761
     
45,871
     
(84,008
)    
36,253
 
Investment in subsidiaries
   
201,594
     
72,055
     
-
     
(273,649
)    
-
 
Total assets
  $
221,115
    $
202,757
    $
164,582
    $
(358,197
)   $
230,257
 
                                         
Liabilities and Equity
                                       
Liabilities:
                                       
Marketable securities sold, but not yet purchased, at fair value
  $
-
    $
-
    $
3,855
    $
-
    $
3,855
 
Accrued compensation
   
-
     
-
     
30,253
     
-
     
30,253
 
Interest payable
   
-
     
463
     
597
     
(540
)    
520
 
Notes payable
   
72,034
     
-
     
18,745
     
(83,967
)    
6,812
 
Bond payable, net of debt issuance costs
   
34,278
     
48,306
     
-
     
-
     
82,584
 
Operating lease liability    
-
     
25,394
     
-
     
-
     
25,394
 
Other liabilities
   
10,805
     
218
     
8,387
     
68
     
19,478
 
Total liabilities
  $
117,117
    $
74,381
    $
61,837
    $
(84,439
)   $
168,896
 
                                         
Total shareholders' (deficit) equity
   
103,998
     
128,376
     
103,285
     
(273,971
)    
61,688
 
Nonredeemable Non-controlling Interest
  $
-
    $
-
    $
(540
)   $
213
    $
(327
)
Total equity
  $
103,998
    $
128,376
    $
102,745
    $
(273,758
)   $
61,361
 
Total liabilities and equity
  $
221,115
    $
202,757
    $
164,582
    $
(358,197
)   $
230,257
 
   
As of December 31, 2018
 
   
Parent Companies and Guarantors
   
Subsidiary Issuer
   
Non-Guarantor Subsidiaries
   
Eliminations
   
Consolidated JMP Group LLC
 
Assets
                                       
Cash and cash equivalents
  $
4,863
    $
8,755
    $
57,309
    $
-
    $
70,927
 
Restricted cash and deposits
   
-
     
1,221
     
60,660
     
-
     
61,881
 
Investment banking fees receivable, net of allowance for doubtful accounts
   
-
     
-
     
6,647
     
-
     
6,647
 
Marketable securities owned, at fair value
   
10,027
     
-
     
8,921
     
(74
)    
18,874
 
Other investments
   
10,922
     
1,785
     
13,262
     
(9,845
)    
16,124
 
Loans held for investment, net of allowance for loan losses
   
1,139
     
-
     
28,469
     
-
     
29,608
 
Loans collateralizing asset-backed securities issued, net of allowance for loan losses
   
-
     
-
     
1,161,463
     
-
     
1,161,463
 
Interest receivable
   
137
     
1
     
3,345
     
(479
)    
3,004
 
Fixed assets, net
   
-
     
-
     
2,351
     
-
     
2,351
 
Other assets
   
(18,812
)    
121,932
     
63,386
     
(146,143
)    
20,363
 
Investment in subsidiaries
   
317,113
     
77,427
     
-
     
(394,540
)    
-
 
Total assets
  $
325,389
    $
211,121
    $
1,405,813
    $
(551,081
)   $
1,391,242
 
                                         
Liabilities and Equity
                                       
Liabilities:
                                       
Marketable securities sold, but not yet purchased, at fair value
  $
-
    $
-
    $
4,626
    $
-
    $
4,626
 
Accrued compensation
   
-
     
150
     
41,459
     
-
     
41,609
 
Asset-backed securities issued, net of debt issuance costs
   
-
     
-
     
1,122,187
     
(9,845
)    
1,112,342
 
Interest payable
   
-
     
1,071
     
10,614
     
(475
)    
11,210
 
Notes payable
   
127,603
     
-
     
17,763
     
(144,537
)    
829
 
CLO warehouse credit facilities
   
-
     
-
     
22,500
     
-
     
22,500
 
Bond payable, net of debt issuance costs
   
-
     
83,572
     
-
     
(75
)    
83,497
 
Other liabilities
   
2,700
     
7,603
     
8,620
     
(1,500
)    
17,423
 
Total liabilities
  $
130,303
    $
92,396
    $
1,227,769
    $
(156,432
)   $
1,294,036
 
                                         
Total shareholders' (deficit) equity
   
181,497
     
118,725
     
178,346
     
(394,861
)    
83,707
 
Nonredeemable Non-controlling Interest
  $
13,589
    $
-
    $
(302
)   $
212
    $
13,499
 
Total equity
  $
195,086
    $
118,725
    $
178,044
    $
(394,649
)   $
97,206
 
Total liabilities and equity
  $
325,389
    $
211,121
    $
1,405,813
    $
(551,081
)   $
1,391,242
 
Condensed Income Statement [Table Text Block]
   
For the Year Ended December 31, 2019
 
   
Parent Companies and Guarantors
   
Subsidiary Issuer
   
Non-Guarantor Subsidiaries
   
Eliminations
   
Consolidated JMP Group LLC
 
Revenues
                                       
Investment banking
  $
-
    $
-
    $
65,716
    $
-
    $
65,716
 
Brokerage
   
-
     
-
     
17,628
     
-
     
17,628
 
Asset management fees
   
-
     
-
     
7,517
     
(90
)    
7,427
 
Principal transactions
   
1,031
     
(1,711
)    
2,024
     
-
     
1,344
 
Gain (loss) on sale, payoff and mark-to-market of loans
   
-
     
-
     
(37
)    
-
     
(37
)
Net dividend income
   
129
     
101
     
954
     
-
     
1,184
 
Other income
   
455
     
190
     
1,727
     
-
     
2,372
 
Equity earnings of subsidiaries
   
3,576
     
(7,261
)    
-
     
3,685
     
-
 
Non-interest revenues
   
5,191
     
(8,681
)    
95,529
     
3,595
     
95,634
 
                                         
Interest income
   
4,219
     
4,998
     
19,135
     
(6,551
)    
21,801
 
Interest expense
   
(4,198
)    
(7,216
)    
(11,596
)    
6,552
     
(16,458
)
Net interest income
   
21
     
(2,218
)    
7,539
     
1
     
5,343
 
                                         
Loss on repurchase, reissuance or early retirement of debt
   
-
     
(458
)    
-
     
-
     
(458
)
Provision for loan losses
   
-
     
(438
)    
-
     
-
     
(438
)
                                         
Total net revenues after provision for loan losses
   
5,212
     
(11,795
)    
103,068
     
3,596
     
100,081
 
                                         
Non-interest expenses
                                       
Compensation and benefits
   
831
     
4,213
     
72,270
     
-
     
77,314
 
Administration
   
656
     
476
     
8,345
     
(90
)    
9,387
 
Brokerage, clearing and exchange fees
   
-
     
-
     
2,706
     
-
     
2,706
 
Travel and business development
   
97
     
71
     
5,072
     
-
     
5,240
 
Managed deal expense
   
-
     
-
     
3,136
     
-
     
3,136
 
Communications and technology
   
4
     
6
     
4,380
     
-
     
4,390
 
Occupancy
   
-
     
-
     
5,229
     
-
     
5,229
 
Professional fees
   
2,145
     
279
     
1,935
     
-
     
4,359
 
Depreciation
   
-
     
-
     
1,203
     
-
     
1,203
 
Other
   
279.00
     
-
     
221
     
-
     
500
 
Total non-interest expenses
   
4,012
     
5,045
     
104,497
     
(90
)    
113,464
 
Net income (loss) before income tax expense
   
1,200
     
(16,840
)    
(1,429
)    
3,686
     
(13,383
)
Income tax expense (benefit)
   
(503
)    
(6,574
)    
250
     
-
     
(6,827
)
Net income (loss)
   
1,703
     
(10,266
)    
(1,679
)    
3,686
     
(6,556
)
Less: Net income (loss) attributable to nonredeemable non-controlling interest
   
167
     
-
     
(174
)    
-
     
(7
)
Net income (loss) attributable to JMP Group LLC
  $
1,536
    $
(10,266
)   $
(1,505
)   $
3,686
     
(6,549
)
   
For the Year Ended December 31, 2018
 
   
Parent Companies and Guarantors
   
Subsidiary Issuer
   
Non-Guarantor Subsidiaries
   
Eliminations
   
Consolidated JMP Group LLC
 
Revenues
                                       
Investment banking
  $
-
    $
-
    $
88,107
    $
-
    $
88,107
 
Brokerage
   
-
     
-
     
20,710
     
-
     
20,710
 
Asset management fees
   
-
     
-
     
19,449
     
(301
)    
19,148
 
Principal transactions
   
(2,707
)    
(558
)    
978
     
-
     
(2,287
)
Gain (loss) on sale, payoff and mark-to-market of loans
   
(771
)    
-
     
239
     
-
     
(532
)
Net dividend income
   
1,123
     
39
     
119
     
-
     
1,281
 
Other income
   
-
     
-
     
1,017
     
-
     
1,017
 
Equity earnings of subsidiaries
   
19,309
     
5,528
     
-
     
(24,837
)    
-
 
Non-interest revenues
   
16,954
     
5,009
     
130,619
     
(25,138
)    
127,444
 
                                         
Interest income
   
2,746
     
4,426
     
68,470
     
(9,148
)    
66,494
 
Interest expense
   
(4,438
)    
(8,805
)    
(45,452
)    
9,143
     
(49,552
)
Net interest income
   
(1,692
)    
(4,379
)    
23,018
     
(5
)    
16,942
 
                                         
Loss on repurchase, reissuance or early retirement of debt
   
(42
)    
(170
)    
(2,626
)    
-
     
(2,838
)
Provision for loan losses
   
(204
)    
-
     
(4,920
)    
-
     
(5,124
)
                                         
Total net revenues after provision for loan losses
   
15,016
     
460
     
146,091
     
(25,143
)    
136,424
 
                                         
Non-interest expenses
                                       
Compensation and benefits
   
2,893
     
4,034
     
90,432
     
-
     
97,359
 
Administration
   
620
     
464
     
8,121
     
(301
)    
8,904
 
Brokerage, clearing and exchange fees
   
-
     
-
     
3,097
     
-
     
3,097
 
Travel and business development
   
75
     
39
     
4,716
     
-
     
4,830
 
Managed deal expense    
-
     
-
     
4,849
     
-
     
4,849
 
Communications and technology
   
3
     
6
     
4,098
     
-
     
4,107
 
Occupancy
   
-
     
-
     
4,770
     
-
     
4,770
 
Professional fees
   
2,437
     
354
     
2,655
     
-
     
5,446
 
Depreciation
   
-
     
-
     
1,124
     
-
     
1,124
 
Other
   
277
     
-
     
1,717
     
-
     
1,994
 
Total non-interest expenses
   
6,305
     
4,897
     
125,579
     
(301
)    
136,480
 
Net income (loss) before income taxes
   
8,711
     
(4,437
)    
20,512
     
(24,842
)    
(56
)
Income tax expense (benefit)
   
-
     
(2,529
)    
3,696
     
-
     
1,167
 
Net income (loss)
   
8,711
     
(1,908
)    
16,816
     
(24,842
)    
(1,223
)
Less: Net income (loss) attributable to nonredeemable non-controlling interest
   
1,224
     
-
     
(260
)    
-
     
964
 
Net income (loss) attributable to JMP Group LLC
  $
7,487
    $
(1,908
)   $
17,076
    $
(24,842
)   $
(2,187
)
Condensed Cash Flow Statement [Table Text Block]
   
For the Year Ended December 31, 2019
 
   
Parent Companies and Guarantors
   
Subsidiary Issuer
   
Non-Guarantor Subsidiaries
   
Eliminations
   
Consolidated JMP Group LLC
 
Cash flows from operating activities:
                                       
Net cash provided by (used in) operating activities
  $
3,667
    $
(1,494
)   $
826
    $
(21,890
)   $
(18,891
)
                                         
Cash flows from investing activities:
                                       
Purchases of fixed assets
   
-
     
-
     
(1,388
)    
-
     
(1,388
)
Purchases of other investments
   
(499
)    
(871
)    
(11,234
)    
-
     
(12,604
)
Sales or distributions from other investments
   
1,464
     
830
     
9,028
     
(881
)    
10,441
 
Funding of loans collateralizing asset-backed securities issued
   
-
     
-
     
(35,153
)    
-
     
(35,153
)
Funding of loans held for investment
   
(1,136
)    
(963
)    
(23,580
)    
-
     
(25,679
)
Sale, payoff and principal receipts of loans collateralizing asset-backed securities issued
   
-
     
-
     
23,806
     
-
     
23,806
 
Sale, payoff and principal receipts on loans held for investment
   
1,021
     
7
     
6,872
     
-
     
7,900
 
Net decrease in cash due to deconsolidation
   
-
     
-
     
(27,771
)    
-
     
(27,771
)
Investment in subsidiary
   
48,446
     
7,262
     
-
     
(55,708
)    
-
 
Net cash provided by (used in) investing activities
  $
49,296
    $
6,265
    $
(59,420
)   $
(56,589
)   $
(60,448
)
                                         
Cash flows from financing activities:
                                       
Repayment of bonds payable
   
-
     
(36,000
)    
-
     
75
     
(35,925
)
Proceeds from bond issuance
   
36,000
     
-
     
-
     
-
     
36,000
 
Proceeds from drawdowns on CLO warehouse facilities
   
-
     
-
     
7,750
     
-
     
7,750
 
Repayment of note payable
   
-
     
-
     
(10,600
)    
-
     
(10,600
)
Proceeds from drawdowns on line-of-credit
   
-
     
-
     
16,583
     
-
     
16,583
 
Payment of debt issuance costs
   
(1,722
)    
(52
)    
(113
)    
-
     
(1,887
)
Repayment of asset-backed securities issued
   
-
     
-
     
(1,679
)    
878
     
(801
)
Repayment of notes payable
   
(20,500
)    
-
     
(5,000
)    
25,500
     
-
 
Distributions and distribution equivalents paid on common shares and RSUs
   
(3,526
)    
-
     
-
     
-
     
(3,526
)
Purchases of common shares for treasury
   
(8,615
)    
-
     
-
     
-
     
(8,615
)
Distributions to non-controlling interest shareholders
   
(912
)    
-
     
(65
)    
-
     
(977
)
Employee taxes paid on shares withheld for tax-withholding purposes
   
(554
)    
-
     
-
     
-
     
(554
)
Capital contributions of parent
   
(54,817
)    
31,970
     
(29,178
)    
52,025
     
-
 
Net cash provided by (used in) financing activities
  $
(54,646
)   $
(4,082
)   $
(22,302
)   $
78,478
    $
(2,552
)
Net increase (decrease) in cash and cash equivalents
   
(1,683
)    
689
     
(80,896
)    
-
     
(81,891
)
Cash, cash equivalents and restricted cash, beginning of period
   
4,863
     
9,976
     
117,969
     
-
     
132,808
 
Cash, cash equivalents and restricted cash, end of period
  $
3,180
    $
10,665
    $
37,073
    $
-
    $
50,917
 
   
For the Year Ended December 31, 2018
 
   
Parent Companies and Guarantors
   
Subsidiary Issuer
   
Non-Guarantor Subsidiaries
   
Eliminations
   
Consolidated JMP Group LLC
 
Cash flows from operating activities:
                                       
Net cash provided by (used in) operating activities
  $
10,905
    $
12,064
    $
34,578
    $
(34,900
)   $
22,647
 
                                         
Cash flows from investing activities:
                                       
Purchases of fixed assets
   
-
     
-
     
(1,153
)    
-
     
(1,153
)
Purchases of other investments
   
(5,896
)    
(431
)    
(47
)    
4,453
     
(1,921
)
Sales or distributions from other investments
   
13,394
     
1,189
     
3,870
     
(4,411
)    
14,042
 
Funding of loans collateralizing asset-backed securities issued
   
-
     
-
     
(434,820
)    
-
     
(434,820
)
Funding of loans held for investment
   
(678
)    
-
     
(339,196
)    
-
     
(339,874
)
Sale, payoff and principal receipts of loans collateralizing asset-backed securities issued
   
-
     
-
     
399,161
     
-
     
399,161
 
Sale, payoff and principal receipts on loans held for investment
   
2,881
     
-
     
26,635
     
-
     
29,516
 
Investment in subsidiary
   
37,106
     
(6,652
)    
-
     
(30,454
)    
-
 
Net cash provided by (used in) investing activities
  $
46,807
    $
(5,894
)   $
(345,550
)   $
(30,412
)   $
(335,049
)
                                         
Cash flows from financing activities:
                                       
Redemption/repurchase of bonds payable
   
-
     
(9,980
)    
-
     
-
     
(9,980
)
Proceeds from issuance of repurchase agreement
   
3,878
     
-
     
-
     
-
     
3,878
 
Proceeds from drawdowns on CLO warehouse facilities
   
-
     
-
     
286,250
     
-
     
286,250
 
Repayments on CLO V warehouse facility
   
-
     
-
     
(325,000
)    
-
     
(325,000
)
Proceeds from sale of note payable to affiliate
   
-
     
-
     
829
     
-
     
829
 
Payments of debt issuance costs
   
-
     
(203
)    
(1,715
)    
21
     
(1,897
)
Repayment of asset-backed securities issued
   
(4,453
)    
-
     
(327,926
)    
-
     
(332,379
)
Repayment of notes payable
   
(10,000
)    
-
     
-
     
10,000
     
-
 
Repayment of repurchase agreement    
(3,878
)    
-
     
-
     
-
     
(3,878
)
Proceeds from issuance of asset-backed securities issued
   
-
     
-
     
699,107
     
-
     
699,107
 
Reissuance of asset-back securities
   
4,411
     
-
     
42
     
-
     
4,453
 
Distributions and distribution equivalents paid on common shares and RSUs
   
(7,874
)    
-
     
-
     
-
     
(7,874
)
Capital contributions of nonredeemable non-controlling interest holders
   
-
     
-
     
449
     
-
     
449
 
Purchases of common shares for treasury
   
(3,250
)    
-
     
-
     
-
     
(3,250
)
Purchase of subsidiary shares from non-controlling interest holders
   
(656
)    
-
     
656
     
-
     
-
 
Distributions to non-controlling interest shareholders
   
(2,304
)    
-
     
(110
)    
-
     
(2,414
)
Employee taxes paid on shares withheld for tax-withholding purposes
   
(405
)    
-
     
-
     
-
     
(405
)
Capital contributions of parent
   
(41,950
)    
7,699
     
(21,040
)    
55,291
     
-
 
Net cash provided by (used in) financing activities
  $
(66,481
)   $
(2,484
)   $
311,542
    $
65,312
    $
307,889
 
Net increase (decrease) in cash and cash equivalents
   
(8,769
)    
3,686
     
570
     
-
     
(4,513
)
Cash, cash equivalents and restricted cash, beginning of period
   
13,632
     
6,290
     
117,399
     
-
     
137,321
 
Cash, cash equivalents and restricted cash, end of period
  $
4,863
    $
9,976
    $
117,969
    $
-
    $
132,808