Other assets and other liabilities (Tables)

6 Months Ended

Jun. 30, 2024

Other assets and other liabilities

Schedule of other assets and other liabilities

(in thousands)	June 30, 2024		December 31, 2023
Other assets:
Goodwill	$	49,091	$	38,530
Deferred loan exit fees		30,175		32,271
Accrued interest		65,498		64,504
Due from servicers		35,759		20,780
Intangible assets		28,704		17,749
Receivable from third party		32,895		36,519
Deferred financing costs		9,994		9,544
Deferred tax asset		21,085		—
Tax receivable		61,526		3,069
Right-of-use lease asset		3,957		2,539
PPP receivables		23,735		34,597
Investments held to maturity		3,446		3,446
Purchased future receivables, net		2,093		9,483
Other		11,455		27,144
Other assets	$	379,413	$	300,175
Accounts payable and other accrued liabilities:
Accrued salaries, wages and commissions		20,028		33,961
Accrued interest payable		38,545		35,373
Servicing principal and interest payable		10,360		6,249
Deferred tax liability		32,977		32,977
Repair and denial reserve		7,580		6,974
Payable to related parties		12,854		7,038
PPP liabilities		24,830		36,182
Accrued professional fees		3,235		5,354
Lease payable		9,384		8,205
Other		44,973		35,168
Total accounts payable and other accrued liabilities	$	204,766	$	207,481

Schedule of Goodwill

(in thousands)	June 30, 2024		December 31, 2023
LMM Commercial Real Estate	$	27,324	$	27,324
Small Business Lending		21,767		11,206
Total	$	49,091	$	38,530

Schedule of Intangible assets

(in thousands)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Value
June 30, 2024
Amortized intangible assets:
Internally developed software	$	14,107	$	5,161	$	8,946
Customer relationships		6,799		1,043		5,756
Broker network		9,300		1,284		8,016
Other		3,182		696		2,486
Unamortized intangible assets:
Trade name		2,500		—		2,500
SBA license		1,000		—		1,000
Total intangible assets	$	36,888	$	8,184	$	28,704
December 31, 2023
Amortized intangible assets:
Internally developed software	$	11,840	$	3,884	$	7,956
Customer relationships		6,800		865		5,935
Other		2,080		1,722		358
Unamortized intangible assets:
Trade name		2,500		—		2,500
SBA license		1,000		—		1,000
Total intangible assets	$	24,220	$	6,471	$	17,749

Amortization expense related to the intangible assets

(in thousands)	June 30, 2024
2024	$	2,168
2025		4,204
2026		3,554
2027		3,434
2028		2,407
Thereafter		9,437
Total	$	25,204