Other assets and other liabilities (Tables)

3 Months Ended

Mar. 31, 2024

Other assets and other liabilities

Schedule of other assets and other liabilities

(in thousands)	March 31, 2024		December 31, 2023
Other assets:
Goodwill	$	38,530	$	38,530
Deferred loan exit fees		31,530		32,271
Accrued interest		64,439		64,504
Due from servicers		20,348		20,780
Intangible assets		18,072		17,749
Receivable from third party		34,187		36,519
Deferred financing costs		11,910		9,544
Deferred tax asset		21,085		—
Right-of-use lease asset		4,297		2,539
PPP receivables		27,364		34,597
Investments held to maturity		3,446		3,446
Purchased future receivables, net		3,717		9,483
Other		36,847		30,213
Other assets	$	315,772	$	300,175
Accounts payable and other accrued liabilities:
Accrued salaries, wages and commissions		14,885		33,961
Accrued interest payable		43,601		35,373
Servicing principal and interest payable		7,932		6,249
Deferred tax liability		32,977		32,977
Repair and denial reserve		8,041		6,974
Payable to related parties		6,650		7,038
PPP liabilities		28,494		36,182
Accrued professional fees		4,769		5,354
Lease payable		9,795		8,205
Other		36,752		35,168
Total accounts payable and other accrued liabilities	$	193,896	$	207,481

Schedule of Goodwill

(in thousands)	March 31, 2024		December 31, 2023
LMM Commercial Real Estate	$	27,324	$	27,324
Small Business Lending		11,206		11,206
Total	$	38,530	$	38,530

Schedule of Intangible assets

(in thousands)	March 31, 2024		December 31, 2023		Estimated Useful Life
Internally developed software to be sold, leased, or marketed	$	7,469	$	6,795	5 years
Customer Relationships - Red Stone		5,846		5,935	19 years
Trade name - Red Stone		2,500		2,500	Indefinite life
Internally developed software - Knight Capital		1,003		1,161	6 years
SBA license		1,000		1,000	Indefinite life
Trade name - Knight Capital		232		269	6 years
Broker network - Knight Capital		22		89	4.5 years
Total intangible assets	$	18,072	$	17,749

Schedule of accumulated amortization for finite-lived intangible assets

(in thousands)	March 31, 2024
Internally developed software - Knight Capital	$	2,797
Internally developed software to be sold, leased, or marketed		1,695
Broker network - Knight Capital		1,178
Customer Relationship - Red Stone		954
Trade name - Knight Capital		648
Total accumulated amortization	$	7,272

Amortization expense related to the intangible assets

(in thousands)	March 31, 2024
2024	$	2,249
2025		2,843
2026		2,191
2027		2,071
2028		1,054
Thereafter		4,164
Total	$	14,572