Other assets and other liabilities (Tables)

12 Months Ended

Dec. 31, 2021

Other assets and other liabilities

Schedule of other assets and other liabilities

(in thousands)	December 31, 2021		December 31, 2020
Other assets:
Deferred tax asset	$	3,601	$	18,396
Deferred loan exit fees		25,923		13,940
Accrued interest		21,873		12,656
Goodwill		31,470		11,206
Due from servicers		23,729		11,171
Right-of-use lease asset		2,402		3,172
Intangible assets		14,842		6,986
Deferred financing costs		3,840		2,612
PPP fee receivable		407		18
Receivable from third party		29,298		1,246
Other assets		14,713		8,100
Other assets	$	172,098	$	89,503
Accounts payable and other accrued liabilities:
Deferred tax liability	$	11,986	$	16,839
Accrued salaries, wages and commissions		42,715		35,724
Accrued interest payable		22,278		19,695
Servicing principal and interest payable		19,100		7,318
Repair and denial reserve		19,725		9,557
Payable to related parties		5,232		4,088
Accrued professional fees		4,324		1,365
Lease payable		3,002		3,670
Deferred LSP revenue		286		10,700
Accrued PPP related costs		12,460		498
Other liabilities		42,971		26,201
Total accounts payable and other accrued liabilities	$	184,079	$	135,655

Schedule of Goodwill

(in thousands)	December 31, 2021		December 31, 2020
SBC Lending and Acquisitions	$	20,264	$	—
Small Business Lending		11,206		11,206
Residential mortgage banking		—		—
Total	$	31,470	$	11,206

Schedule of Intangible assets

(in thousands)	December 31, 2021		December 31, 2020		Estimated Useful Life
Customer Relationships - Red Stone	$	6,651	$	—	19 years
Internally developed software - Knight Capital		2,428		3,061	6 years
Trade name - Red Stone		2,500		—	Indefinite life
SBA license		1,000		1,000	Indefinite life
Broker network - Knight Capital		622		889	4.5 years
Favorable lease		640		768	12 years
Trade name - Knight Capital		562		709	6 years
Trade name - GMFS		439		559	15 years
Total intangible assets	$	14,842	$	6,986

Schedule of accumulated amortization for finite-lived intangible assets

(in thousands)	December 31, 2021
Internally developed software - Knight Capital	$	1,372
Favorable lease		840
Trade name - GMFS		781
Broker network - Knight Capital		578
Trade name - Knight Capital		318
Customer Relationship – Red Stone		149
Total accumulated amortization	$	4,038

Amortization expense related to the intangible assets

(in thousands)	December 31, 2021
2022	$	1,626
2023		1,599
2024		1,390
2025		1,144
2026		477
Thereafter		5,106
Total	$	11,342