Medallion Financial (MFIN) 10-Q 6 Nov 24 2024 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2024	Nov. 06, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Entity Registrant Name	MEDALLION FINANCIAL CORP
Entity Central Index Key	0001000209
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		23,067,748
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Shell Company	false
Entity Incorporation, State or Country Code	DE
Entity File Number	001-37747
Entity Tax Identification Number	04-3291176
Entity Address, Address Line One	437 MADISON AVENUE, 38th Floor
Entity Address, City or Town	NEW YORK
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10022
City Area Code	212
Local Phone Number	328-2100
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	MFIN
Security Exchange Name	NASDAQ

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands		Sep. 30, 2024		Dec. 31, 2023
Assets
Cash and cash equivalents		$ 120,593		$ 52,591
Federal funds sold		67,336		97,254
Investment securities		56,754		54,282
Equity investments		9,897		11,430
Loans		2,485,279		2,215,886
Allowance for credit losses		(96,518)	[1]	(84,235)	[2]
Net loans receivable		2,388,761		2,131,651
Goodwill		150,803		150,803
Intangible assets, net		19,508		20,591
Property, equipment, and right-of-use lease asset, net		14,172		14,076
Accrued interest receivable		14,108		13,538
Loan collateral in process of foreclosure	[3]	8,818		11,772
Income tax receivable		0		671
Other assets		29,302		29,168
Total assets		2,880,052		2,587,827
Liabilities
Deposits	[4]	2,108,132		1,866,657
Long-term debt	[5]	232,037		235,544
Short-term borrowings		49,000		8,000
Deferred tax liabilities, net		20,598		21,207
Operating lease liabilities		5,534		7,019
Accrued interest payable		6,888		6,822
Income tax payable		232		0
Accounts payable and accrued expenses	[6]	26,455		30,804
Total liabilities		2,448,876		2,176,053
Commitments and contingencies
Stockholders’ equity
Preferred stock (1,000,000 shares of $0.01 par value stock authorized-none outstanding)		0		0
Common stock (50,000,000 shares of $0.01 par value stock authorized - 29,256,835 shares at September 30, 2024 and 29,051,800 shares at December 31, 2023 issued)		293		291
Additional paid in capital		291,845		288,046
Treasury stock (6,172,558 shares at September 30, 2024 and 5,602,154 at December 31, 2023)		(50,144)		(45,538)
Accumulated other comprehensive loss		(2,247)		(3,696)
Retained earnings		122,641		103,883
Total stockholders’ equity		362,388		342,986
Non-controlling interest in consolidated subsidiaries		68,788		68,788
Total equity		431,176		411,774
Total liabilities and equity		$ 2,880,052		$ 2,587,827
Number of shares outstanding		23,084,277		23,449,646
Book value per share		$ 15.7		$ 14.63
[1] As of September 30, 2024 and 2023 , there were no allowance for credit losses and net charge-offs related to the strategic partnership loans. 2023 beginning balance represents allowance prior to the adoption of ASU 2016-13. Includes financed sales of this collateral to third parties that are reported separately from the loan portfolio, of $ 4.6 million as of September 30, 2024 and $ 6.2 million as of December 31, 2023 . Includes $ 4.7 million and $ 4.3 million of deferred financing costs as of September 30, 2024 and December 31, 2023 . Refer to Note 5 for more details. Includes $ 3.7 million and $ 4.2 million of deferred financing costs as of September 30, 2024 and December 31, 2023 . Refer to Note 5 for more details. Includes the short-term portion of lease liabilities of $ 2.3 million and $ 2.5 million as of September 30, 2024 and December 31, 2023 . Refer to Note 6 for more details.

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares outstanding	0	0
Common stock, shares authorized	50,000,000	50,000,000
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares issued	29,256,835	29,051,800
Treasury stock,shares	6,172,558	5,602,154
Loan collateral in process of foreclosure, financed sales collateral to third parties	$ 4.6	$ 6.2
Short term lease liabilities	2.3	2.5
Deposits [Member]
Deferred financing costs	4.7	4.3
Long-Term Debt [Member]
Deferred financing costs	$ 3.7	$ 4.2

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Statement [Abstract]
Interest and fees on loans		$ 74,538	$ 64,608	$ 208,620	$ 179,407
Interest and dividends on investment securities		1,871	1,278	5,563	4,048
Total interest income	[1]	76,409	65,886	214,183	183,455
Interest on deposits		19,191	13,432	50,466	33,360
Interest on long-term debt		4,356	2,901	12,793	8,694
Interest on short-term borrowings		125	769	402	2,325
Total interest expense		23,672	17,102	63,661	44,379
Net interest income (loss)		52,737	48,784	150,522	139,076
Provision for credit losses		20,151	14,532	55,929	27,045
Net interest income after provision for credit losses		32,586	34,252	94,593	112,031
Other income (loss)
(Loss) gain on equity investments		(519)	2,180	3,136	2,189
Gain on sale of loans and taxi medallions		340	1,417	1,170	4,578
Write-down of loan collateral in process of foreclosure		(19)	(30)	(19)	(303)
Other income		785	739	2,802	1,868
Total other income, net		587	4,306	7,089	8,332
Other expenses
Salaries and employee benefits		9,456	9,630	28,347	27,805
Loan servicing fees		2,790	2,501	7,951	7,084
Collection costs		1,673	1,583	4,799	4,729
Regulatory fees		961	1,021	2,826	2,484
Professional fees		818	1,148	3,434	4,223
Rent expense		664	629	2,019	1,855
Amortization of intangible assets		361	361	1,084	1,084
Other expenses		2,272	2,216	6,755	7,220
Total other expenses		18,995	19,089	57,215	56,484
Income before income taxes		14,178	19,469	44,467	63,879
Income tax provision		4,055	6,727	14,196	18,582
Net income after taxes		10,123	12,742	30,271	45,297
Less: income attributable to the non-controlling interest		1,512	1,512	4,535	4,536
Total net income attributable to Medallion Financial Corp.		$ 8,611	$ 11,230	$ 25,736	$ 40,761
Basic net income per share		$ 0.38	$ 0.5	$ 1.14	$ 1.81
Diluted net income per share		$ 0.37	$ 0.48	$ 1.09	$ 1.77
Weighted average common shares outstanding
Basic		22,490,792	22,596,982	22,576,446	22,469,968
Diluted		23,447,929	23,392,901	23,555,065	23,067,944
[1] Included in interest income is $ 0.6 million and $ 1.9 million of paid-in-kind interest for the three and nine months ended September 30, 2024 and $ 0.4 million and $ 1.1 million for the three and nine months ended September 30, 2023 .

Consolidated Statements of Op_2

Consolidated Statements of Operations (Unaudited) (Parenthetical) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Statement [Abstract]
Interest paid in kind	$ 0.6	$ 0.4	$ 1.9	$ 1.1

Consolidated Statements of Othe

Consolidated Statements of Other Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 10,123	$ 12,742	$ 30,271	$ 45,297
Other comprehensive income (loss), net of tax	1,497	(1,211)	1,449	(1,611)
Total comprehensive income	11,620	11,531	31,720	43,686
Less comprehensive income attributable to the non-controlling interest	1,512	1,512	4,535	4,536
Total comprehensive income attributable to Medallion Financial Corp.	$ 10,108	$ 10,019	$ 27,185	$ 39,150

Consolidated Statement of Chang

Consolidated Statement of Changes in Stockholders' Equity - USD ($) $ in Thousands		Total		Common Stock [Member]	Capital in Excess of Par [Member]	Treasury Stock [Member]	Retained Earnings (Accumulated Deficit) [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Parent [Member]	Noncontrolling Interest [Member]	Cumulative Effect, Period of Adoption, Adjusted Balance [Member]	Cumulative Effect, Period of Adoption, Adjusted Balance [Member] Common Stock [Member]	Cumulative Effect, Period of Adoption, Adjusted Balance [Member] Capital in Excess of Par [Member]	Cumulative Effect, Period of Adoption, Adjusted Balance [Member] Treasury Stock [Member]	Cumulative Effect, Period of Adoption, Adjusted Balance [Member] Retained Earnings (Accumulated Deficit) [Member]	Cumulative Effect, Period of Adoption, Adjusted Balance [Member] Accumulated Other Comprehensive Income (Loss) [Member]	Cumulative Effect, Period of Adoption, Adjusted Balance [Member] Parent [Member]	Cumulative Effect, Period of Adoption, Adjusted Balance [Member] Noncontrolling Interest [Member]
Balance at Dec. 31, 2022		$ 370,524		$ 287	$ 283,663	$ (45,538)	$ 66,673	$ (3,349)	$ 301,736	$ 68,788	$ 360,589	$ 287	$ 283,663	$ (45,538)	$ 56,738	$ (3,349)	$ 291,801	$ 68,788
Balance (Accounting Standards Update 2016-13 [Member]) at Dec. 31, 2022		(9,935)					(9,935)		(9,935)
Balance, shares at Dec. 31, 2022				28,663,827		(5,602,154)						28,663,827		(5,602,154)
Net income		16,873					15,361		15,361	1,512
Distributions to non-controlling interest		(1,512)								(1,512)
Stock-based compensation expense		1,036		$ 2	1,034				1,036
Issuance of restricted stock, net, shares				304,749
Withheld restricted stock for employees' tax obligations, shares				(91,169)
Withheld restricted stock for employees' tax obligations, value		(768)			(768)				(768)
Forfeiture of restricted stock, net, shares				(9,843)
Exercise of stock options, value		292			292				292
Exercise of stock options, shares				44,583
Dividends paid on common stock		(1,863)					(1,863)		(1,863)
Other comprehensive income (loss), net of tax		506						506	506
Ending balance at Mar. 31, 2023		375,153		$ 289	284,221	$ (45,538)	70,236	(2,843)	306,365	68,788
Ending balance, shares at Mar. 31, 2023				28,912,147		(5,602,154)
Balance at Dec. 31, 2022		370,524		$ 287	283,663	$ (45,538)	66,673	(3,349)	301,736	68,788	360,589	$ 287	283,663	$ (45,538)	56,738	(3,349)	291,801	68,788
Balance (Accounting Standards Update 2016-13 [Member]) at Dec. 31, 2022		(9,935)					(9,935)		(9,935)
Balance, shares at Dec. 31, 2022				28,663,827		(5,602,154)						28,663,827		(5,602,154)
Net income		45,297
Other comprehensive income (loss), net of tax		(1,611)
Ending balance at Sep. 30, 2023		397,262		$ 290	286,782	$ (45,538)	91,900	(4,960)	328,474	68,788
Ending balance, shares at Sep. 30, 2023				28,965,885		(5,602,154)
Balance at Dec. 31, 2022		370,524		$ 287	283,663	$ (45,538)	66,673	(3,349)	301,736	68,788	$ 360,589	$ 287	$ 283,663	$ (45,538)	$ 56,738	$ (3,349)	$ 291,801	$ 68,788
Balance (Accounting Standards Update 2016-13 [Member]) at Dec. 31, 2022		$ (9,935)					(9,935)		(9,935)
Balance, shares at Dec. 31, 2022				28,663,827		(5,602,154)						28,663,827		(5,602,154)
Exercise of stock options, shares	[1]	68,945
Net change in unrealized gains on investments, net of tax		$ (300)
Ending balance at Dec. 31, 2023		$ 411,774		$ 291	288,046	$ (45,538)	103,883	(3,696)	342,986	68,788
Ending balance, shares at Dec. 31, 2023		23,449,646		29,051,800		(5,602,154)
Balance at Mar. 31, 2023		$ 375,153		$ 289	284,221	$ (45,538)	70,236	(2,843)	306,365	68,788
Balance, shares at Mar. 31, 2023				28,912,147		(5,602,154)
Net income		15,682					14,170		14,170	1,512
Distributions to non-controlling interest		(1,512)								(1,512)
Stock-based compensation expense		1,214			1,214				1,214
Issuance of restricted stock, net, shares				11,734
Forfeiture of restricted stock, net, shares				(204)
Issuance in connection with vesting of restricted stock unit, Shares				23,211
Exercise of stock options, shares				283
Dividends paid on common stock		(1,867)					(1,867)		(1,867)
Other comprehensive income (loss), net of tax		(906)						(906)	(906)
Ending balance at Jun. 30, 2023		387,764		$ 289	285,435	$ (45,538)	82,539	(3,749)	318,976	68,788
Ending balance, shares at Jun. 30, 2023				28,947,171		(5,602,154)
Net income		12,742					11,230		11,230	1,512
Distributions to non-controlling interest		(1,512)								(1,512)
Stock-based compensation expense		1,232			1,232				1,232
Forfeiture of restricted stock, net, shares				(126)
Exercise of stock options, value		116		$ 1	115				116
Exercise of stock options, shares				18,840
Dividends paid on common stock		(1,869)					(1,869)		(1,869)
Other comprehensive income (loss), net of tax		(1,211)						(1,211)	(1,211)
Ending balance at Sep. 30, 2023		397,262		$ 290	286,782	$ (45,538)	91,900	(4,960)	328,474	68,788
Ending balance, shares at Sep. 30, 2023				28,965,885		(5,602,154)
Balance at Dec. 31, 2023		$ 411,774		$ 291	288,046	$ (45,538)	103,883	(3,696)	342,986	68,788
Balance, shares at Dec. 31, 2023		23,449,646		29,051,800		(5,602,154)
Net income		$ 11,536					10,024		10,024	1,512
Distributions to non-controlling interest		(1,512)								(1,512)
Stock-based compensation expense		1,496		$ 1	1,495				1,496
Issuance of restricted stock, net, shares				296,178
Withheld restricted stock for employees' tax obligations, shares				(116,275)
Withheld restricted stock for employees' tax obligations, value		(944)			(944)				(944)
Forfeiture of restricted stock, net, shares				(1,208)
Exercise of stock options, value		$ 88			88				88
Exercise of stock options, shares		13,383	[1]	13,383
Purchase of common stock (in Shares)						(264,160)
Purchase of common stock		$ (2,126)				$ (2,126)			(2,126)
Dividends paid on common stock		(2,338)					(2,338)		(2,338)
Other comprehensive income (loss), net of tax		(150)						(150)	(150)
Ending balance at Mar. 31, 2024		417,824		$ 292	288,685	$ (47,664)	111,569	(3,846)	349,036	68,788
Ending balance, shares at Mar. 31, 2024				29,243,878		(5,866,314)
Balance at Dec. 31, 2023		$ 411,774		$ 291	288,046	$ (45,538)	103,883	(3,696)	342,986	68,788
Balance, shares at Dec. 31, 2023		23,449,646		29,051,800		(5,602,154)
Net income		$ 30,271
Other comprehensive income (loss), net of tax		1,449
Ending balance at Sep. 30, 2024		$ 431,176		$ 293	291,845	$ (50,144)	122,641	(2,247)	362,388	68,788
Ending balance, shares at Sep. 30, 2024		23,084,277		29,256,835		(6,172,558)
Balance at Mar. 31, 2024		$ 417,824		$ 292	288,685	$ (47,664)	111,569	(3,846)	349,036	68,788
Balance, shares at Mar. 31, 2024				29,243,878		(5,866,314)
Net income		8,613					7,101		7,101	1,512
Distributions to non-controlling interest		(1,512)								(1,512)
Stock-based compensation expense		1,596		$ 1	1,595				1,596
Forfeiture of restricted stock, net, shares				(1,696)
Issuance in connection with vesting of restricted stock unit, Shares				17,155
Exercise of stock options, value		$ 18			18				18
Exercise of stock options, shares		2,867	[1]	2,867
Purchase of common stock (in Shares)						(183,900)
Purchase of common stock		$ (1,515)				$ (1,515)			(1,515)
Dividends paid on common stock		(2,337)					(2,337)		(2,337)
Other comprehensive income (loss), net of tax		102						102	102
Ending balance at Jun. 30, 2024		422,789		$ 293	290,298	$ (49,179)	116,333	(3,744)	354,001	68,788
Ending balance, shares at Jun. 30, 2024				29,262,204		(6,050,214)
Net income		10,123					8,611		8,611	1,512
Distributions to non-controlling interest		(1,512)								(1,512)
Stock-based compensation expense		1,509			1,509				1,509
Forfeiture of restricted stock, net, shares				(11,221)
Exercise of stock options, value		$ 38			38				38
Exercise of stock options, shares		5,852	[1]	5,852
Purchase of common stock (in Shares)						(122,344)
Purchase of common stock		$ (965)				$ (965)			(965)
Dividends paid on common stock		(2,303)					(2,303)		(2,303)
Other comprehensive income (loss), net of tax		1,497						1,497	1,497
Net change in unrealized gains on investments, net of tax		1,500
Ending balance at Sep. 30, 2024		$ 431,176		$ 293	$ 291,845	$ (50,144)	$ 122,641	$ (2,247)	$ 362,388	$ 68,788
Ending balance, shares at Sep. 30, 2024		23,084,277		29,256,835		(6,172,558)
[1] The aggregate intrinsic value of exercised options, which represents the difference between the price of the Company’s common stock at the exercise date and the related exercise price of the underlying options, was less than $ 0.1 million for the three and nine months ended September 30, 2024 and was $ 0.1 million for the year ended December 31, 2023 .

Consolidated Statement of Cha_2

Consolidated Statement of Changes in Stockholders' Equity (Parenthetical) - $ / shares	3 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023
Statement of Stockholders' Equity [Abstract]
Common Stock, Dividends payable, amount per share	$ 0.1	$ 0.1	$ 0.1	$ 0.08	$ 0.08	$ 0.08

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES
Net income resulting from operations		$ 30,271	$ 45,297
Adjustments to reconcile net income resulting from operations to net cash provided by operating activities:
Provision for credit losses		55,929	27,045
Paid-in-kind interest income		(1,910)	(1,086)
Depreciation and amortization		4,365	3,878
Amortization of origination fees, net		6,628	7,279
Increase in deferred and other tax liabilities, net		294	5,116
Net change in value of loan collateral in process of foreclosure		(98)	6,673
Net (gains) loss on investments		(3,136)	3,136
Stock-based compensation expense		4,601	3,482
Increase in accrued interest receivable		(570)	(980)
Increase in other assets		(3,431)	(13,033)
(Decrease) increase in accounts payable and accrued expenses		(5,861)	7,500
Increase (decrease) in accrued interest payable		66	(166)
Net cash provided by operating activities		87,148	94,141
CASH FLOWS FROM INVESTING ACTIVITIES
Loans originated		(771,501)	(805,048)
Proceeds from principal receipts, sales, maturities, and recoveries of loans		446,865	471,917
Purchases of investments		(6,191)	(10,169)
Proceeds from principal receipts, sales, and maturities of investments		9,810	467
Proceeds from the sale and principal payments on loan collateral in process of foreclosure		9,931	14,607
Net cash used for investing activities		(311,086)	(328,226)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from time deposits and funds borrowed		1,027,961	683,568
Repayments of time deposits and funds borrowed		(749,047)	(417,084)
Cash dividend paid on common stock		(6,951)	(5,459)
Distributions to non-controlling interests		(4,535)	(4,536)
Payment of withholding taxes on net settlement of vested stock		(944)	(768)
Treasury stock repurchased		(4,606)	0
Proceeds from the exercise of stock options		144	408
Net cash provided by financing activities		262,022	256,129
NET INCREASE IN CASH AND CASH EQUIVALENTS		38,084	22,044
Cash, and cash equivalents beginning of period	[1]	149,845	105,598
Cash and cash equivalents, end of period (1)	[1]	187,929	127,642
SUPPLEMENTAL INFORMATION
Cash paid during the period for interest		60,631	42,054
Cash paid during the period for income taxes		14,227	12,822
NON-CASH INVESTING
Loans transferred to loan collateral in process of foreclosure, net		$ 17,703	$ 15,384
[1] Includes federal funds sold.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 8,611	$ 11,230	$ 25,736	$ 40,761

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Sep. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
Non Rule 10b5-1 Arrangement Modified	false
Rule 10b5-1 Arrangement Modified	false

Organization of Medallion Finan

Organization of Medallion Financial Corp. and its Subsidiaries	9 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization of Medallion Financial Corp. and its Subsidiaries	(1) ORGANIZATION OF MEDALLION FINANCIAL CORP. AND ITS SUBSIDIARIES Medallion Financial Corp., or the Company, is a specialty finance company organized as a Delaware corporation that reports as a bank holding company, but is not a bank holding company for regulatory purposes. The Company conducts its business through various wholly-owned subsidiaries including its primary operating company, Medallion Bank, or the Bank, a Federal Deposit Insurance Corporation, or FDIC, insured industrial bank that originates consumer loans, raises deposits, and conducts other banking activities. The Bank is subject to competition from other financial institutions and to the regulations of certain federal and state agencies, and undergoes examinations by those agencies. The Bank was formed in May 2002 for the purpose of obtaining an industrial bank charter pursuant to the laws of the State of Utah. The Bank originates consumer loans on a national basis for the purchase of recreational vehicles, or RVs, boats, collector cars, and other consumer recreational equipment and to finance home improvements such as roofs, swimming pools, and windows. Prior to 2015, the Bank originated commercial loans to finance the purchase of taxi medallions, all of which are serviced by the Company. The loans are financed primarily with time certificates of deposit which are originated nationally through a variety of brokered deposit relationships. The Company also conducts business through its subsidiaries Medallion Capital, Inc., or Medallion Capital, a Small Business Investment Company, or SBIC, which conducts a mezzanine financing business; Medallion Funding LLC, or MFC, an SBIC, which historically was the Company's primary taxi medallion lending company; and Freshstart Venture Capital Corp., or FSVC, which historically originated and serviced taxi medallion and commercial loans and was an SBIC through 2023. Medallion Capital and MFC, as SBICs, are regulated by the Small Business Administration, or SBA. Medallion Capital is financed in part by the SBA. The Company established a wholly-owned subsidiary, Medallion Financing Trust I, or Fin Trust, for the purpose of issuing unsecured trust preferred securities to investors. Fin Trust is a separate legal and corporate entity with its own creditors who, in any liquidation of Fin Trust, will be entitled to be satisfied out of Fin Trust’s assets prior to any value in Fin Trust becoming available to Fin Trust’s equity holders. The assets of Fin Trust, aggre gating $ 34.0 million at September 30, 2024, are comprised solely of a subordinated note from the Company and are not available to pay obligations of its affiliates or any other party, and the assets of affiliates or any other party are not available to pay obligations of Fin Trust.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	(2) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Use of Estimates The preparation of the consolidated financial statements in conformity with accounting principles generally accepted in the U.S., or GAAP, requires management to make estimates that affect the amounts reported in the consolidated financial statements and the accompanying notes. Accounting estimates and assumptions are those that management considers to be the most critical to an understanding of the consolidated financial statements because they inherently involve significant judgments and uncertainties. All of these estimates reflect management’s best judgment about current economic and market conditions and their effects based on information available as of the date of these consolidated financial statements. If such conditions change, it is reasonably possible that the judgments and estimates could change, which may result in future impairments of loans and loan collateral in process of foreclosure, goodwill and intangible assets, and investments, among other effects. Principles of Consolidation The consolidated financial statements include the accounts of the Company and all of its wholly-owned and controlled subsidiaries. All significant intercompany transactions, balances, and profits (losses) have been eliminated in consolidation. The consolidated financial statements have been prepared in accordance with GAAP. The Company consolidates all entities it controls through a majority voting interest, a controlling interest through other contractual rights, or as being identified as the primary beneficiary of VIEs. The primary beneficiary is the party who has both (1) the power to direct the activities of a VIE that most significantly impact the entity’s economic performance, and (2) an obligation to absorb losses of the entity or a right to receive benefits from the entity that could potentially be significant to the entity. For consolidated entities that are less than wholly owned, the third-party's holding is recorded as non-controlling interest. The Company’s investment in the Bank is consolidated for financial statement purposes. In the notes to the consolidated financial statements included in its Annual Report on Form 10-K, the Company presents its investment in the Bank. Cash and Cash Equivalents The Company considers all highly liquid instruments with an original purchased maturity of three months or less to be cash equivalents. Cash balances are generally held in accounts at large national or regional banking organizations in amounts that exceed the federally insured limits. Cash also includes $ 1.3 million of interest-bearing funds deposited in other banks with original terms of 5 to 6 years that cannot be withdrawn but are salable on an active secondary market without penalty . Fair Value of Assets and Liabilities The Company follows the Financial Accounting Standards Board, or FASB, FASB Accounting Standards Codification Topic 820, Fair Value Measurements and Disclosures, or FASB ASC 820, which defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements. FASB ASC 820 defines fair value as an exit price (i.e., a price that would be received to sell, as opposed to acquire, an asset or transfer a liability), and emphasizes that fair value is a market-based measurement. It establishes a fair value hierarchy that distinguishes between assumptions developed based on market data obtained from independent external sources and the reporting entity’s own assumptions. Further, it specifies that fair value measurement should consider adjustment for risk, such as the risk inherent in the valuation technique or its inputs. See also Notes 12 and 13 to the consolidated financial statements. Equity Investments The Company follows FASB ASC Topic 321, Investments – Equity Securities, or ASC 321, which requires all applicable investments in equity securities with a readily determinable fair value to be valued as such, and those without a readily determinable fair value, are measured at cost, less any impairment plus or minus any observable price changes. Equity investments of $ 9.9 million and $ 11.4 million at September 30, 2024 and December 31, 2023, comprised mainly of nonmarketable stock and stock warrants, are recorded at cost less any impairment plus or minus observable price changes. Substantially all of these equity investments are held by Medallion Capital, our SBIC subsidiary, in connection with its mezzanine lending business. As of September 30, 2024 , cumulative impairment of $ 4.7 million had been recorded with respect to these investments. During 2021, the Company purchased $ 2.0 million of equity securities with a readily determinable fair value. As a result, all unrealized gains and losses are included in gain (loss) on equity investments. As of September 30, 2024 and December 31, 2023, the fair value of these securities were $ 1.8 million and $ 1.7 million and are included in other assets on the consolidated balance sheet. The following table presents the unrealized portion related to the equity securities held. Three Months Ended September 30, Nine Months Ended September 30, (Dollars in thousands) 2024 2023 2024 2023 Net gains (losses) recognized during the period on equity securities $ 63 $ ( 54 ) $ 37 $ ( 54 ) Less: Net gains (losses) recognized during the period on equity — — — — Unrealized gains (losses) recognized during the reporting period on $ 63 $ ( 54 ) $ 37 $ ( 54 ) Investment Securities The Company follows FASB ASC Topic 320, Investments – Debt Securities, or ASC 320, which requires that all applicable investments in debt securities be classified as trading securities, available-for-sale securities, or held-to-maturity securities. Investment securities are purchased from time-to-time in the open market at prices that are greater or lesser than the par value of the investment. The resulting premium or discount is deferred and recognized on a level yield basis as an adjustment to the yield of the related investment. The net premium on investment securities totaled $ 0.1 million at both September 30, 2024 and December 31, 2023 , and less than $ 0.1 million was amortized to interest income for each of the three and nine months ended September 30, 2024 and 2023. ASC 320 further requires that held-to-maturity securities be re ported at amortized cost and available-for-sale securities be reported at fair value, with unrealized gains and losses excluded from earnings at the date of the consolidated financial statements, and reported in accumulated other comprehensive income (loss) as a separate component of stockholders’ equity, net of the effect of income taxes, until they are sold. At the time of sale, any gains or losses, calculated by the specific identification method, will be recognized as a component of operating results and any amounts previously included in stockholders’ equity, which were recorded net of the income tax effect, will be reversed. In accordance with ASC 326, we do not maintain an allowance for credit losses for accrued interest receivable. Loans The Company’s loans are currently reported at the principal amount outstanding, inclusive of deferred loan acquisition costs, which primarily includes deferred costs paid to loan originators, and which are amortized to interest income over the life of the loan. Loan origination fees and certain direct origination costs are deferred and recognized as an adjustment to the yield of the related loans. At September 30, 2024 and December 31, 2023, net loan origination costs were $ 47.2 million and $ 40.0 million. Net amortization to income was $ 2.3 million and $ 6.6 million for the three and nine months ended September 30, 2024 and was $ 2.2 million and $ 6.5 million for the three and nine months ended September 30, 2023. Interest income is recorded on the accrual basis. Taxi medallion and commercial loans are placed on nonaccrual status, and all uncollected accrued interest is reversed, when there is doubt as to the collectability of interest or principal, or if loans are 90 days or more past due, unless management has determined that they are both well-secured and in the process of collection. Interest income on nonaccrual loans is generally recognized when cash is received unless a determination has been made to apply all cash receipts to principal. The consumer loan portfolio is typified by a larger number of smaller dollar loans that have similar characteristics. A loan is nonperforming when based on current information and events, it is unlikely the Company will be able to collect all amounts due according to the contractual terms of the original loan agreement. Management considers loans that are in bankruptcy status, but have not been charged-off, to be nonperforming. Consumer loans are placed on nonaccrual when they become 90 days past due, or earlier if they enter bankruptcy, and are charged-off in their entirety when deemed uncollectible, or when they become 120 days past due, whichever occurs first, at which time appropriate recovery efforts against both the borrower and the underlying collateral are initiated. For the recreation loan portfolio, the process to repossess the collateral is started at 60 days past due. If the collateral is not located and the account reaches 120 days delinquent, the account is charged-off. If the collateral is repossessed, a loss is recorded by writing the collateral down to its fair value less selling costs, and the collateral is sent to auction. When the collateral is sold, the net auction proceeds are applied to the account, and any remaining balance is written off. Proceeds collected on charged-off accounts are recorded as recoveries. Total loans 90 days or more past due were $ 17.4 million at September 30, 2024, or 0.72 % of the total loan portfolio, compared to $ 16.8 million , or 0.77 % , at December 31, 2023. The Company may modify the contractual cash flow of loans in situations where borrowers are experiencing financial difficulties. The Company strives to identify borrowers in financial difficulty early and work with them to modify their loans to more affordable terms before they reach nonaccrual status. These modified terms may include interest rate reductions, principal forgiveness, term extensions, payment forbearance and other actions intended to minimize the economic loss to the Company and to avoid foreclosure or repossession of the collateral. For modifications where the Company forgives principal, the entire amount of such principal forgiveness is immediately charged off. Modified loans are considered nonperforming loans. Loan collateral in process of foreclosure primarily includes taxi medallion loans that have reached 120 days past due and have been charged down to their net realizable value, in add ition to consumer repossessed collateral in the process of being sold. For New York City taxi medallion loans in the process of foreclosure, the Company continued to utilize a net value of $ 79,500 when assessing net realizable value for these taxi medallion loans, despite fluctuating current transfer prices which may exceed that level from time to time . The "loan collateral in the process of foreclosure" designation reflects that the collection activities on these loans have transitioned from working with the borrower to the liquidation of the collateral securing the loans. The Company accounts for its sales of loans in accordance with FASB Accounting Standards Codification, or ASC, Topic 860, Transfers and Servicing, or FASB ASC 860, which provides accounting and reporting standards for transfers and servicing of financial assets and extinguishments of liabilities. In accordance with FASB ASC 860, the Company had elected the fair value measurement method for its servicing assets and liabilities. The principal portion of loans serviced for others by the Company and its affiliates was $ 14.0 million at both September 30, 2024 and December 31, 2023. The Company has evaluated the servicing aspect of its business in accordance with FASB ASC 860 and determined that no material servicing asset or liability existed as of September 30, 2024 and December 31, 2023 . Allowance for Credit Losses On January 1, 2023, the Company adopted Accounting Standards Update 2016-13, "Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments", or ASC 326, which replaced the incurred loss methodology that delayed recognition until it was probable a loss had been incurred with a lifetime expected loss methodology using "reasonable and supportable" expectations about the future, referred to as the current expected credit loss, or CECL, methodology. For consumer loans, the Company uses historical delinquent loan performance and actual loss rates modified by quantitative adjustments based on macroeconomic factors over a twelve-month reasonable and supportable forecast period. For commercial loans, the Company assesses the historical impact that macroeconomic indicators have had on the loan portfolio, to determine an approximate allowance for credit loss. Unlike consumer loans, where loans may have similar performing characteristics, each commercial loan is unique. The Company evaluates each commercial loan for specific impairment with additional allowance for credit losses recognized as necessary. For taxi medallion loans, the Company maintains specific reserves adjusting the carrying amount of loans down to net collateral value. The allowance is evaluated on a quarterly basis by management based on the collectability of the loans in light of historical experience, the nature and size of the loan portfolio, adverse situations that may affect the borrowers' ability to repay, estimated value of any underlying collateral, prevailing economic conditions, and excess concentration risks. This evaluation is inherently subjective, as it requires estimates, including those based on changes in economic conditions, that are susceptible to significant revision as more information becomes available. Credit losses are deducted from the allowance, and subsequent recoveries are added back to the allowance. The Company adopted ASC 326 using the modified retrospective method for all financial assets measured at amortized cost and off-balance-sheet credit exposures. Results for reporting periods beginning after December 15, 2022 are presented under ASC 326. The transition to the CECL methodology on January 1, 2023 resulted in an increase of $ 13.7 million to the Company's allowance for credit losses on loans, or ACL, and a net-of-tax cumulative-effect adjustment of $ 9.9 million to the beginning balance of retained earnings. The CECL methodology transition effects on the allowance for credit losses are presented in the following table: (Dollars in thousands) December 31, 2022 Effect of ASC 326 January 1, 2023 Assets: Loans: Recreation $ 41,966 $ 10,037 $ 52,003 Home improvement 11,340 1,518 12,858 Commercial 1,049 2,157 3,206 Taxi medallion 9,490 — 9,490 Strategic partnership — — — Allowance for credit losses on loans $ 63,845 $ 13,712 $ 77,557 Goodwill and Intangible Assets The Company’s goodwill and intangible assets arose as a result of the excess of fair value over book value for several of the Company’s previously unconsolidated portfolio investment companies as of April 2, 2018. This fair value was brought forward under the Company’s new reporting and was subject to a purchase price accounting allocation process conducted by an independent third- party expert to arrive at the current categories and amounts. Goodwill is not amortized, but is subject to quarterly review by management to determine whether additional impairment testing is needed, and such testing is performed at least on an annual basis. Intangible assets are amortized over their useful life of approximately 20 years. As of September 30, 2024 and December 31, 2023, the Company had goodwill of $ 150.8 million , all of which related to the Bank. As of September 30, 2024 and December 31, 2023, the Company had intangible assets of $ 19.5 million and $ 20.6 million . Amortization expense on the intangible assets for the three and nine months ended September 30, 2024 and 2023 was $ 0.4 million and $ 1.1 million. Management performed a qualitative assessment of goodwill and intangibles for impairment at December 31, 2023 , concluding that there was no impairment of these assets. The following table details the intangible assets as of the dates presented: (Dollars in thousands) September 30, 2024 December 31, 2023 Brand-related intellectual property $ 14,850 $ 15,675 Home improvement contractor relationships 4,658 4,916 Total intangible assets $ 19,508 $ 20,591 Fixed Assets Fixed assets are carried at cost less accumulated depreciation and amortization, and are depreciated on a straight-line basis over their estimated useful lives of 3 to 10 years . Leasehold improvements are amortized on a straight-line basis over the shorter of the lease term or the estimated economic useful life of the improvement. Depreciation and amortization expense was $ 0.1 million and $ 0.3 million for the three and nine months ended September 30, 2024 and the three and nine months ended September 30, 2023 . Deferred Costs Deferred financing costs represent costs associated with obtaining the Company’s borrowing facilities, and are amortized on a straight-line basis over the lives of the related financing agreements and life of the respective pool. Amortization expense, included as Interest expense in the Consolidated Statements of Operations, was $ 1.2 million and $ 3.0 million for the three and nine months ended September 30, 2024 and was $ 0.8 million and $ 2.3 million for the three and nine months ended September 30, 2023. In addition, the Company capitalizes certain costs for transactions in the process of completion (other than business combinations), including those for potential investments, and the sourcing of other financing alternatives. Upon completion or termination of the transaction, any accumulated amounts will be amortized against income over an appropriate period, or written off. The amount on the Company’s balance sheet for all of these purposes were $ 8.4 million and $ 8.5 million as of September 30, 2024 and December 31, 2023 . Income Taxes Income taxes are accounted for using the asset and liability approach in accordance with FASB ASC Topic 740, Income Taxes, or ASC 740. Deferred tax assets and liabilities reflect the impact of temporary differences between the carrying amount of assets and liabilities and their tax basis and are stated at tax rates expected to be in effect when taxes are actually paid or recovered. Deferred tax assets are also recorded for net operating losses, capital losses and any tax credit carryforwards. A valuation allowance is provided against a deferred tax asset when it is more likely than not that some or all of the deferred tax assets will not be realized. All available evidence, both positive and negative, is considered to determine whether a valuation allowance for deferred tax assets is needed. Items considered in determining the Company’s valuation allowance include expectations of future earnings of the appropriate tax character, recent historical financial results, tax planning strategies, the length of statutory carryforward periods and the expected timing of the reversal of temporary differences. The Company recognizes tax benefits of uncertain tax positions only when the position is more likely than not to be sustained assuming examination by tax authorities. The Company records income tax related interest and penalties, if applicable, within current income tax expense. Earnings Per Share (EPS) Basic earnings per share are computed by dividing net income resulting from operations available to common stockholders by the weighted average number of common shares outstanding for the period. Diluted earnings per share reflect the potential dilution that could occur if option contracts to issue common stock were exercised, or if restricted stock vests, and has been computed after considering the weighted average dilutive effect of the Company’s stock options and restricted stock. The Company uses the treasury stock method to calculate diluted EPS, which is a method of recognizing the use of proceeds that could be obtained upon exercise of options and warrants, including unvested compensation expense related to the shares, in computing diluted EPS. It assumes that any proceeds would be used to purchase common stock at the average market price during the period. The table below presents the calculation of basic and diluted EPS. Three Months Ended September 30, Nine Months Ended September 30, (Dollars in thousands, except share and per share data) 2024 2023 2024 2023 Net income attributable to common stockholders $ 8,611 $ 11,230 $ 25,736 $ 40,761 Weighted average common shares outstanding applicable to basic EPS 22,490,792 22,596,982 22,576,446 22,469,968 Effect of restricted stock grants 440,704 481,197 485,179 413,682 Effect of dilutive stock options 166,268 183,274 194,800 125,319 Effect of performance stock unit grants 350,165 131,448 298,640 58,975 Adjusted weighted average common shares outstanding applicable to diluted EPS 23,447,929 23,392,901 23,555,065 23,067,944 Basic net income per share $ 0.38 $ 0.50 $ 1.14 $ 1.81 Diluted net income per share 0.37 0.48 1.09 1.77 Potentially dilutive common shares excluded from the above calculations aggregated 9,000 shares as of both September 30, 2024 and 2023 . Stock Compensation The Company follows FASB ASC Topic 718, or ASC 718, Compensation – Stock Compensation, for its equity incentive, stock option, and restricted stock plans, and accordingly, the Company recognizes the expense of these grants as required. Stock-based employee compensation costs pertaining to stock options are reflected in net income resulting from operations for any new grants using the fair values established by usage of the Black-Scholes option pricing model, expensed over the vesting period of the underlying option. Stock-based employee compensation costs pertaining to restricted stock are reflected in net income resulting from operations for any new grants using the grant date fair value of the shares granted, expensed over the vesting period of the underlying stock. During the nine months ended September 30, 2024 and 2023 , the Company issued 296,178 and 316,483 restricted shares of stock-based compensation awards, 215,687 and 296,444 performance stock units, and 92,350 and 83,158 restricted stock units. The Company recognized $ 1.5 million and $ 4.6 million , or $ 0.06 and $ 0.20 per common share, for the three and nine months ended September 30, 2024 , and $ 1.2 million, and $ 3.5 million or $ 0.05 and $ 0.15 per share per common share for the three and nine months ended September 30, 2023, of non-cash stock-based compensation expense related to the grants. As of September 30, 2024 , the total remaining unrecognized compensation cost related to unvested stock options, restricted stock, restricted stock units, and performance share units was $ 6.8 million, which is expected to be recognized over the next 10 quarters. Regulatory Capital The Bank is subject to various regulatory capital requirements administered by the FDIC and the Utah Department of Financial Institutions. Failure to meet minimum capital requirements can initiate certain mandatory and possible additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Bank’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of the Bank’s assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. The Bank’s capital amounts and classifications are also subject to qualitative judgments by the bank regulators about components, risk weightings, and other factors. FDIC-insured banks, including the Bank, are subject to certain federal laws, which impose various legal limitations on the extent to which banks may finance or otherwise supply funds to certain of their affiliates. In particular, the Bank is subject to certain restrictions on any extensions of credit to, or other covered transactions with, such as certain purchases of assets, the Company or its affiliates. Quantitative measures established by regulation to ensure capital adequacy require the Bank to maintain minimum amounts and ratios as defined in the regulations (set forth in the table belo w). Additionally, as conditions of granting the Bank’s application for federal deposit insurance, the FDIC ordered that the Tier 1 leverage capital to total assets ratio, as defined, be not less than 15 %, a level which could affect the Bank's ability to pay dividends to the Company, and that an adequate allowance for credit losses be maintained. As of September 30, 2024, the Bank’s Tier 1 leverage ratio was 15.7 % . The Bank’s actual capital amounts and ratios and the regulatory minimum ratios are presented in the following table. Regulatory (Dollars in thousands) Minimum Well-Capitalized September 30, 2024 December 31, 2023 Common equity tier 1 capital $ 314,153 $ 293,774 Tier 1 capital 382,940 362,561 Total capital 413,973 390,153 Average assets 2,444,674 2,232,816 Risk-weighted assets 2,422,854 2,155,641 Leverage ratio (1) 4.0 % 5.0 % 15.7 % 16.2 % Common equity tier 1 capital ratio (2) 7.0 6.5 13.0 13.6 Tier 1 capital ratio (3) 8.5 8.0 15.8 16.8 Total capital ratio (3) 10.5 10.0 17.1 18.1 (1) Calculated by dividing Tier 1 capital by average assets. (2) Calculated by subtracting preferred stock or non-controlling interest from Tier 1 capital and dividing by risk-weighted assets. (3) Calculated by dividing Tier 1 or total capital by risk-weighted assets. In the table above, the minimum risk-based ratios as of September 30, 2024 and December 31, 2023 reflect the capital conservation buffer of 2.5 %. The minimum regulatory requirements, inclusive of the capital conservation buffer, were the binding requirements for the risk-based requirements, and the “well-capitalized” requirements were the binding requirements for Tier 1 leverage capital as of both September 30, 2024 and December 31, 2023 . Recently Issued and Adopted Accounting Standards In October 2023, the FASB issued ASU 2023-06, Disclosure Improvements. The amendments in this update seek to clarify or improve disclosure and presentation requirements. The amendments in this update will be effective on the date on which the SEC’s removal of related disclosures from Regulation S-X or Regulation S-K become effective, with early adoption prohibited. In November 2023, the FASB issued ASU 2023-07, Segment Reporting, or Topic 280: Improvements to Reportable Segment Disclosures. The main objective of this update is to improve financial reporting disclosure of incremental segment information on an annual and interim basis for all public entities to enable investors to develop more decision-useful financial analyses. The amendments in this update are effective for fiscal years beginning after December 15, 2023 and to be included in interim periods beginning after December 15, 2024. The Company is assessing the impact of the update on the accompanying financial statements. In December 2023, the FASB issued ASU 2023-09, Income Taxes, or Topic 740: Improvements to Income Tax Disclosures. The main objective of this update is to provide transparency about income tax information through improvements to income tax disclosures primarily related to the rate reconciliation and income taxes paid information. The amendments in this update are effective for the annual periods beginning after December 15, 2024. The Company is assessing the impact of the update on the accompanying financial statements. Reclassifications Certain reclassifications have been made to prior year balances to conform with the current year presentation. These reclassifications have no effect on the previously reported results of operations.

Investment Securities

Investment Securities	9 Months Ended
	Sep. 30, 2024
Schedule of Investments [Abstract]
Investment Securities	(3) INVESTMENT SECURITIES The following tables present details of fixed maturity securities available for sale as of September 30, 2024 and December 31, 2023: September 30, 2024 (Dollars in thousands) Amortized Gross Gross Fair Mortgage-backed securities, principally obligations of U.S. federal agencies $ 42,479 $ 63 $ ( 3,448 ) $ 39,094 State and municipalities 16,373 117 ( 1,004 ) 15,486 Agency bonds 2,181 1 ( 8 ) 2,174 Total $ 61,033 $ 181 $ ( 4,460 ) $ 56,754 December 31, 2023 (Dollars in thousands) Amortized Gross Gross Fair Mortgage-backed securities, principally obligations of U.S. federal agencies $ 44,653 $ — $ ( 4,791 ) $ 39,862 State and municipalities 13,733 21 ( 1,501 ) 12,253 Agency bonds 2,187 — ( 20 ) 2,167 Total $ 60,573 $ 21 $ ( 6,312 ) $ 54,282 The amortized cost and estimated market value of investment securities at September 30, 2024 by contractual maturity are presented below. Actual maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. September 30, 2024 (Dollars in thousands) Amortized Fair Due in one year or less $ 2,992 $ 2,964 Due after one year through five years 2,758 2,660 Due after five years through ten years 11,639 10,813 Due after ten years 43,644 40,317 Total $ 61,033 $ 56,754 The following tables present information pertaining to securities with gross unrealized losses at September 30, 2024 and December 31, 2023, aggregated by investment category and length of time that individual securities have been in a continuous loss position. Less than Twelve Months Twelve Months and Over September 30, 2024 (Dollars in thousands) Gross Fair Gross Fair Mortgage-backed securities, principally obligations of U.S. federal agencies $ — $ — $ ( 3,448 ) $ 31,359 State and municipalities ( 94 ) 3,106 ( 910 ) 10,280 Agency bonds — — ( 8 ) 176 Total $ ( 94 ) $ 3,106 $ ( 4,366 ) $ 41,815 Less than Twelve Months Twelve Months and Over December 31, 2023 (Dollars in thousands) Gross Fair Gross Fair Mortgage-backed securities, principally obligations of U.S. federal agencies $ ( 78 ) $ 5,797 $ ( 4,714 ) $ 33,971 State and municipalities ( 204 ) 4,839 ( 1,296 ) 7,371 Agency bonds — — ( 20 ) 2,167 Total $ ( 282 ) $ 10,636 $ ( 6,030 ) $ 43,509 As of September 30, 2024 and December 31, 2023 , the Company had 53 and 60 securities with unrealized losses that have not been recognized in income. The investments are mortgage-backed securities and similar instruments with lower risk characteristics. The Company regularly reviews investment securities for impairment resulting from credit loss using both qualitative and quantitative criteria, as necessary based on the composition of the portfolio at period end. Based on our assessment, no material impairments for credit losses were recognized during the period. The Company does not intend to sell its investment securities that are in an unrealized loss position and believes that it is unlikely that it will be required to sell these securities before recovery of the amortized cost. As of September 30, 2024 and December 31, 2023 , the Company did not hold investments in any single issuer with an aggregate book value that exceeded 10 % of the Company's equity, other than U.S. Government agency residential mortgage-backed securities issued by the Federal National Mortgage Association.

Loans and Allowance for Credit

Loans and Allowance for Credit Losses	9 Months Ended
	Sep. 30, 2024
Text Block [Abstract]
Loans and Allowance for Credit Losses	(4) LOANS AND ALLOWANCE FOR CREDIT LOSSES The following table presents the major classification of loans, inclusive of capitalized loan origination costs, as of September 30, 2024 and December 31, 2023. September 30, 2024 December 31, 2023 (Dollars in thousands) Amount As a Amount As a Recreation $ 1,554,629 63 % $ 1,336,226 60 % Home improvement 814,071 33 760,617 34 Commercial 110,143 4 114,827 5 Taxi medallion 3,243 * 3,663 * Strategic partnership 3,193 * 553 * Total gross loans 2,485,279 100 % 2,215,886 100 % Allowance for credit losses ( 96,518 ) ( 84,235 ) Total net loans $ 2,388,761 $ 2,131,651 (*) Less than 1%. The following tables present the activity of the gross loans for the three and nine months ended September 30, 2024 and 2023. Three Months Ended September 30, 2024 (Dollars in thousands) Recreation Home Commercial Taxi Strategic Total Gross loans – June 30, 2024 $ 1,497,428 $ 773,184 $ 110,197 $ 3,482 $ 1,299 $ 2,385,590 Loan originations 139,105 96,545 — — 39,918 275,568 Principal receipts, sales, and maturities ( 61,563 ) ( 51,409 ) ( 713 ) ( 239 ) ( 38,024 ) ( 151,948 ) Charge-offs ( 16,242 ) ( 4,258 ) — — — ( 20,500 ) Transfer to loan collateral in process of foreclosure, net ( 6,609 ) — — — — ( 6,609 ) Amortization of origination fees and costs, net ( 3,549 ) 1,206 13 — — ( 2,330 ) Origination fees and costs, net 6,059 ( 1,197 ) ( 1 ) — — 4,861 Paid-in-kind interest — — 647 — — 647 Gross loans – September 30, 2024 $ 1,554,629 $ 814,071 $ 110,143 $ 3,243 $ 3,193 $ 2,485,279 Nine Months Ended September 30, 2024 (Dollars in thousands) Recreation Home Commercial Medallion Strategic Total Gross loans – December 31, 2023 $ 1,336,226 $ 760,617 $ 114,827 $ 3,663 $ 553 $ 2,215,886 Loan originations 454,433 216,111 7,000 250 79,952 757,746 Principal receipts, sales, and maturities ( 177,152 ) ( 148,818 ) ( 13,546 ) ( 670 ) ( 77,312 ) ( 417,498 ) Charge-offs ( 48,970 ) ( 13,219 ) — — — ( 62,189 ) Transfer to loan collateral in process of foreclosure, net ( 17,703 ) — — — — ( 17,703 ) Amortization of origination fees and costs, net ( 9,715 ) 3,057 30 — — ( 6,628 ) Origination fees and costs, net 17,510 ( 3,677 ) ( 78 ) — — 13,755 Paid-in-kind interest — — 1,910 — — 1,910 Gross loans – September 30, 2024 $ 1,554,629 $ 814,071 $ 110,143 $ 3,243 $ 3,193 $ 2,485,279 Three Months Ended September 30, 2023 (Dollars in thousands) Recreation Home Commercial Taxi Strategic Total Gross loans – June 30, 2023 $ 1,331,114 $ 728,468 $ 92,637 $ 3,448 $ 1,331 $ 2,156,998 Loan originations 92,603 79,333 8,900 100 36,457 217,393 Principal receipts, sales, and maturities ( 61,885 ) ( 53,095 ) ( 1,657 ) ( 281 ) ( 35,947 ) ( 152,865 ) Charge-offs ( 11,684 ) ( 3,890 ) — — — ( 15,574 ) Transfer to loan collateral in process of foreclosure, net ( 4,730 ) — — — — ( 4,730 ) Amortization of origination fees and costs, net ( 3,259 ) 647 — — — ( 2,612 ) Origination fees and costs, net 4,281 ( 955 ) — 660 — 3,986 Paid-in-kind interest — — 442 — — 442 Gross loans – September 30, 2023 $ 1,346,440 $ 750,508 $ 100,322 $ 3,927 $ 1,841 $ 2,203,038 Nine Months Ended September 30, 2023 (Dollars in thousands) Recreation Home Commercial Medallion Strategic Total Gross loans – December 31, 2022 $ 1,183,512 $ 626,399 $ 92,899 $ 13,571 $ 572 $ 1,916,953 Loan originations 384,291 291,349 16,650 2,023 96,637 790,950 Principal receipts, sales, and maturities ( 181,565 ) ( 158,300 ) ( 9,413 ) ( 6,207 ) ( 95,368 ) ( 450,853 ) Charge-offs ( 33,440 ) ( 8,379 ) ( 900 ) ( 3,814 ) — ( 46,533 ) Transfer to loan collateral in process of foreclosure, net ( 13,078 ) — — ( 2,306 ) — ( 15,384 ) Amortization of origination fees and costs, net ( 9,177 ) 1,898 — — — ( 7,279 ) Origination fees and costs, net 15,897 ( 2,459 ) — 660 — 14,098 Paid-in-kind interest — — 1,086 — — 1,086 Gross loans – September 30, 2023 $ 1,346,440 $ 750,508 $ 100,322 $ 3,927 $ 1,841 $ 2,203,038 The following table presents the activity in the allowance for credit losses for the three and nine months ended September 30, 2024 and 2023. Three Months Ended September 30, Nine Months Ended September 30, (Dollars in thousands) 2024 2023 2024 2023 Allowance for credit losses – beginning balance $ 89,788 $ 74,971 $ 84,235 (1) $ 63,845 CECL transition amount upon ASU 2016-13 adoption — — — 13,712 Charge-offs Recreation ( 16,242 ) ( 11,684 ) ( 48,970 ) ( 33,440 ) Home improvement ( 4,258 ) ( 3,890 ) ( 13,219 ) ( 8,379 ) Commercial — — — ( 900 ) Taxi medallion — — — ( 3,814 ) Total charge-offs ( 20,500 ) ( 15,574 ) ( 62,189 ) ( 46,533 ) Recoveries Recreation 3,991 2,651 11,501 8,705 Home improvement 745 882 2,899 2,141 Commercial — — 20 10 Taxi medallion 2,343 1,671 4,123 10,208 Total recoveries 7,079 5,204 18,543 21,064 Net charge-offs (2) ( 13,421 ) ( 10,370 ) ( 43,646 ) ( 25,469 ) Provision for credit losses 20,151 14,532 55,929 27,045 Allowance for credit losses – ending balance (3) $ 96,518 $ 79,133 $ 96,518 $ 79,133 (1) 2023 beginning balance represents allowance prior to the adoption of ASU 2016-13. (2) As of September 30, 2024, cumulative net charge-offs of loans and loan collateral in process of foreclosure in the taxi medallion loan portfolio were $ 166.2 million , including $ 99.2 million related to loans secured by New York City taxi medallions, some of which may represent collection opportunities for the Company. (3) As of September 30, 2024 and 2023 , there were no allowance for credit losses and net charge-offs related to the strategic partnership loans. The following tables present the gross charge-offs for the three and nine months ended September 30, 2024, by the year of origination: Three Months Ended September 30, 2024 (Dollars in thousands) 2024 2023 2022 2021 2020 Prior Total Recreation $ 921 $ 4,717 $ 5,167 $ 2,354 $ 956 $ 2,127 $ 16,242 Home improvement 148 1,275 1,583 787 209 256 4,258 Commercial — — — — — — — Taxi medallion — — — — — — — Total $ 1,069 $ 5,992 $ 6,750 $ 3,141 $ 1,165 $ 2,383 $ 20,500 Nine Months Ended September 30, 2024 (Dollars in thousands) 2024 2023 2022 2021 2020 Prior Total Recreation $ 1,020 $ 12,579 $ 17,034 $ 7,841 $ 3,231 $ 7,265 $ 48,970 Home improvement 188 4,307 4,857 2,457 615 795 13,219 Commercial — — — — — — — Taxi medallion — — — — — — — Total $ 1,208 $ 16,886 $ 21,891 $ 10,298 $ 3,846 $ 8,060 $ 62,189 The following tables present the gross charge-offs for the three and nine months ended September 30, 2023, by the year of origination: Three Months Ended September 30, 2023 (Dollars in thousands) 2023 2022 2021 2020 2019 Prior Total Recreation $ 890 $ 4,587 $ 2,250 $ 1,175 $ 1,273 $ 1,509 $ 11,684 Home improvement 964 1,783 733 158 106 146 3,890 Commercial — — — — — — — Taxi medallion — — — — — — — Total $ 1,854 $ 6,370 $ 2,983 $ 1,333 $ 1,379 $ 1,655 $ 15,574 Nine Months Ended September 30, 2023 (Dollars in thousands) 2023 2022 2021 2020 2019 Prior Total Recreation $ 934 $ 11,763 $ 7,664 $ 3,631 $ 3,745 $ 5,703 $ 33,440 Home improvement 1,003 4,235 1,834 459 328 520 8,379 Commercial — — — — 900 — 900 Taxi medallion — — — — — 3,814 3,814 Total $ 1,937 $ 15,998 $ 9,498 $ 4,090 $ 4,973 $ 10,037 $ 46,533 The following tables present the allowance for credit losses by type as of September 30, 2024 and December 31, 2023. September 30, 2024 (Dollars in thousands) Amount Percentage (1) Allowance as Allowance as Recreation $ 70,383 73 % 4.53 % 293.45 % Home improvement 19,731 21 2.42 82.26 Commercial 5,114 5 4.64 21.32 Taxi medallion 1,290 1 39.78 5.38 Total $ 96,518 100 % 3.88 % 402.41 % (1) Percentages may not foot due to rounding. December 31, 2023 (Dollars in thousands) Amount Percentage (1) Allowance as Allowance as Recreation $ 57,532 68 % 4.31 % 221.50 % Home improvement 21,019 25 2.76 80.92 Commercial 4,148 5 3.61 15.97 Taxi medallion 1,536 2 41.93 5.91 Total $ 84,235 100 % 3.80 % 324.31 % (1) Percentages may not foot due to rounding. The following table presents total nonaccrual loans and foregone interest. The fluctuation in nonaccrual interest foregone is due to past due loans and market conditions. (Dollars in thousands) September 30, 2024 December 31, 2023 Total nonaccrual loans $ 23,985 $ 25,974 Interest foregone quarter to date 419 417 Amount of foregone interest applied to principal in the quarter 70 59 Interest foregone year to date 983 928 Amount of foregone interest applied to principal for the year 199 238 Interest foregone life-to-date 3,483 2,119 Amount of foregone interest applied to principal life-to-date 880 822 Percentage of nonaccrual loans to gross loan portfolio 1.0 % 1.2 % Percentage of allowance for credit losses to nonaccrual loans 402.4 % 324.3 % The following tables present the performance status of loans as of September 30, 2024 and December 31, 2023. September 30, 2024 (Dollars in thousands) Performing Nonperforming Total Percentage of Recreation $ 1,546,412 $ 8,217 $ 1,554,629 0.53 % Home improvement 812,509 1,562 814,071 0.19 Commercial 99,180 10,963 110,143 9.95 Taxi medallion — 3,243 3,243 100.00 Strategic partnership 3,193 — 3,193 — Total $ 2,461,294 $ 23,985 $ 2,485,279 0.97 % December 31, 2023 (Dollars in thousands) Performing Nonperforming Total Percentage of Recreation $ 1,326,567 $ 9,659 $ 1,336,226 0.72 % Home improvement 759,128 1,489 760,617 0.20 Commercial 103,664 11,163 114,827 9.72 Taxi medallion — 3,663 3,663 100.00 Strategic partnership 553 — 553 — Total $ 2,189,912 $ 25,974 $ 2,215,886 1.17 % For those loans aged under 90 days past due, there is a possibility that their delinquency status will continue to deteriorate and they will subsequently be placed on nonaccrual status and be reserved for, and as such, deemed nonperforming. The following tables present the aging of all loans as of September 30, 2024 and December 31, 2023. September 30, 2024 Days Past Due Recorded (Dollars in thousands) 30-59 60-89 90 + Total Current Total (1) Accruing Recreation $ 41,431 $ 15,657 $ 7,475 $ 64,563 $ 1,438,636 $ 1,503,199 $ — Home improvement 4,742 2,000 1,564 8,306 809,838 818,144 — Commercial — — 8,396 8,396 101,950 110,346 — Taxi medallion 148 200 — 348 2,895 3,243 — Strategic partnership — — — — 3,193 3,193 — Total $ 46,321 $ 17,857 $ 17,435 $ 81,613 $ 2,356,512 $ 2,438,125 $ — (1) Excludes $ 47.2 million of capitalized loan origination costs. December 31, 2023 Days Past Due Recorded (Dollars in thousands) 30-59 60-89 90 + Total Current Total (1) Accruing Recreation $ 40,282 $ 15,039 $ 9,095 $ 64,416 $ 1,228,175 $ 1,292,591 $ — Home improvement 3,936 2,562 1,502 8,000 756,069 764,069 — Commercial — 2,156 6,240 8,396 107,140 115,536 — Taxi medallion 201 — — 201 3,462 3,663 — Strategic partnership — — — — 553 553 — Total $ 44,419 $ 19,757 $ 16,837 $ 81,013 $ 2,095,399 $ 2,176,412 $ — (1) Excludes $ 40.0 million of capitalized loan origination costs. The Company estimates that the weighted average loan-to-value ratio of the taxi medallion loans was approximately 171 % and 183 % as of September 30, 2024 and December 31, 2023. The following tables present the activity of loan collateral in process of foreclosure, which relate only to the recreation and taxi medallion loans, for the three and nine months ended September 30, 2024. Three Months Ended September 30, 2024 (Dollars in thousands) Recreation Taxi Total Loan collateral in process of foreclosure – June 30, 2024 $ 1,441 $ 7,918 $ 9,359 Transfer from loans, net 6,609 — 6,609 Sales — — — Cash payments received ( 2,059 ) ( 1,007 ) ( 3,066 ) Collateral valuation adjustments (1) ( 4,064 ) ( 20 ) ( 4,084 ) Loan collateral in process of foreclosure – September 30, 2024 $ 1,927 $ 6,891 $ 8,818 Nine Months Ended September 30, 2024 (Dollars in thousands) Recreation Taxi Total Loan collateral in process of foreclosure – December 31, 2023 $ 1,779 $ 9,993 $ 11,772 Transfer from loans, net 17,703 — 17,703 Sales — ( 39 ) ( 39 ) Cash payments received ( 6,731 ) ( 3,161 ) ( 9,892 ) Collateral valuation adjustments (1) ( 10,824 ) 98 ( 10,726 ) Loan collateral in process of foreclosure – September 30, 2024 $ 1,927 $ 6,891 $ 8,818 (1) Collateral valuation adjustments for recreational loans are generally the result of the liquidation of collateral through a repossession process. Due to the short-term nature of the liquidation process, collateral valuation adjustments on recreational loans are recorded as charge-offs to the allowance for credit losses on loans as this is an adjustment to the initial estimate on the fair value, less estimated costs to sell that was initially estimated in the preliminary charge off and amount transferred to collateral in the process of foreclosure. The following tables present the activity of loan collateral in process of foreclosure, which relate only to the recreation and taxi medallion loans, for the three and nine months ended September 30, 2023. Three Months Ended September 30, 2023 (Dollars in thousands) Recreation Taxi Total Loan collateral in process of foreclosure – June 30, 2023 $ 729 $ 16,074 $ 16,803 Transfer from loans, net 4,730 — 4,730 Sales ( 1,080 ) ( 117 ) ( 1,197 ) Cash payments received ( 163 ) ( 1,939 ) ( 2,102 ) Collateral valuation adjustments (1) ( 2,281 ) ( 30 ) ( 2,311 ) Loan collateral in process of foreclosure – September 30, 2023 $ 1,935 $ 13,988 $ 15,923 Nine Months Ended September 30, 2023 (Dollars in thousands) Recreation Taxi Total Loan collateral in process of foreclosure – December 31, 2022 $ 1,376 $ 20,443 $ 21,819 Transfer from loans, net 13,078 2,306 15,384 Sales ( 5,858 ) ( 685 ) ( 6,543 ) Cash payments received ( 291 ) ( 7,773 ) ( 8,064 ) Collateral valuation adjustments (1) ( 6,370 ) ( 303 ) ( 6,673 ) Loan collateral in process of foreclosure – September 30, 2023 $ 1,935 $ 13,988 $ 15,923 (1) Collateral valuation adjustments for recreational loans are generally the result of the liquidation of collateral through a repossession process. Due to the short-term nature of the liquidation process, collateral valuation adjustments on recreational loans are recorded as charge-offs to the allowance for credit losses on loans as this is an adjustment to the initial estimate on the fair value, less estimated costs to sell that was initially estimated in the preliminary charge off and amount transferred to collateral in the process of foreclosure. As of September 30, 2024, taxi medallion loans in the process of foreclosure included 315 taxi medallions in the New York City market, 188 taxi medallions in the Chicago market, 23 taxi medallions in the Newark market, and 31 taxi medallions in various other markets.

Funds Borrowed

Funds Borrowed	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Funds Borrowed	(5) FUNDS BORROWED The following table presents outstanding balances of funds borrowed. Payments Due for the Twelve Months Ending September 30, (Dollars in thousands) 2025 2026 2027 2028 2029 Thereafter September 30, 2024 (1) December 31, 2023 (1) Interest (2) Deposits (3) $ 957,570 $ 387,112 $ 434,280 $ 141,074 $ 190,567 $ — $ 2,110,603 $ 1,869,439 3.68 % Retail and privately placed notes — 31,250 53,750 39,000 — 22,500 146,500 139,500 8.12 SBA debentures and borrowings 14,000 14,000 2,000 1,250 1,250 37,750 70,250 75,250 3.53 Trust preferred securities — — — — — 33,000 33,000 33,000 7.38 Federal reserve and other borrowings 35,000 — — — — — 35,000 — 5.00 Total $ 1,006,570 $ 432,362 $ 490,030 $ 181,324 $ 191,817 $ 93,250 $ 2,395,353 $ 2,117,189 4.01 % (1) Excludes deferred financing costs of $ 8.4 million and $ 8.5 million as of September 30, 2024 and December 31, 2023 . (2) Weighted average contractual rate as of September 30, 2024 . (3) Balance excludes $ 2.3 million and $ 1.5 million of strategic partner reserve deposits as of September 30, 2024 and December 31, 2023 . (A) DEPOSITS Most deposits are raised through the use of investment brokerage firms that package time deposits in denominations of less than $ 250,000 qualifying for FDIC insurance into larger pools that are sold to the Bank. The rates paid on the deposits are highly competitive with market rates paid by other financial institutions. Additionally, a brokerage fee is paid, depending on the maturity of the deposits, which averages less than 0.15 %. Interest on the deposits is accrued daily and paid monthly, quarterly, semiannually, or at maturity. Additionally, the Bank raises deposits through listing services and, as of September 30, 2024 and December 31, 2023, the Bank had $ 10.9 million and $ 11.8 million in listing service deposit balances from other financial institutions. In April 2023, the Bank began to originate retail savings deposits through a third-party service provider and, as of September 30, 2024 and December 31, 2023 , the Bank had $ 33.4 million and $ 14.9 million in retail savings deposit balances. The following table presents the maturity of the deposit pools, which includes strategic partner reserve deposits, as of September 30, 2024. (Dollars in thousands) September 30, 2024 Three months or less $ 209,515 Over three months through six months 231,435 Over six months through one year 516,620 Over one year 1,153,033 Deposits 2,110,603 Strategic partner collateral deposits 2,250 Total deposits $ 2,112,853 (B) FEDERAL RESERVE DISCOUNT WINDOW AND OTHER BORROWINGS In March 2023, the Bank established a discount window line of credit at the Federal Reserve. As of September 30, 2024 , the Bank had $ 110.1 million in home improvement loans pledged as collateral to the Federal Reserve. The current advance rate on the pledged securities is approximately 45.1 % of book value, for a total of approximately $ 49.7 million in secured borrowing capacity, of which $ 35.0 million was utilized as of September 30, 2024. The Bank has borrowing arrangements with several commercial banks. These agreements are accommodations that can be terminated at any time, for any reason, and allow the Bank to borrow up to $ 75.0 million. As of September 30, 2024 , there were no outstanding amounts with respect to these arrangements. (C) PRIVATELY PLACED NOTES In August 2024, the Company completed a private placement to certain institutional investors of $ 5.0 million aggregate principal amount of 8.625 % unsecured senior notes due August 2039 , with interest payable semiannually. The Company intends to use the net proceeds from the offering for general corporate purposes. In June 2024, the Company amended the notes previously issued in a private placement to certain institutional investors in December 2023, increasing the principal amount from $ 12.5 million to $ 17.5 million, reducing the interest rate to 8.875 % from 9.0 %, and extending the maturity date from December 2033 to June 2039 . The Company used, and intends to use, the net proceeds from the offering for general corporate purposes, which included the repayment of the remaining 8.25 % notes that matured in March 2024 described below. In September 2023, the Company completed a private placement to certain institutional investors of $ 39.0 million aggregate principal amount of 9.25 % unsecured senior notes due September 2028 , with interest payable semiannually. The Company used the net proceeds from the offering for general corporate purposes, including the repurchase of $ 33.0 million of the 8.25 % notes issued in March 2019 with a maturity date of March 2024 described below. In February 2021, the Company completed a private placement to certain institutional investors of $ 25.0 million aggregate principal amount of 7.25 % unsecured senior notes due February 2026 , with interest payable semiannually. In March 2021, an additional $ 3.3 million principal amount of such notes was issued to certain institutional investors. Subsequently in April 2021, an additional $ 3.0 million principal amount of such notes was issued to certain institutional investors. The Company used the net proceeds from the offering for general corporate purposes, including repayment of outstanding debt. In December 2020, the Company completed a private placement to certain institutional investors of $ 33.6 million aggregate principal amount of 7.50 % unsecured senior notes due December 2027 , with interest payable semiannually. In February and March 2021, an additional $ 8.5 million principal amount of such notes was issued to certain institutional investors. Subsequently in April 2021, an additional $ 11.7 million principal amount of such notes was issued to certain institutional investors. The Company used the net proceeds from the offering for general corporate purposes, including repayment of outstanding debt. In March 2019, the Company completed a private placement to certain institutional investors of $ 30.0 million aggregate principal amount of 8.25 % unsecured senior notes due in March 2024 , with interest payable semiannually. The Company used the net proceeds from the offering for general corporate purposes, including repaying certain borrowings under its notes payable to banks at a discount which led to a gain of $ 4.1 million in 2019. In August 2019, an additional $ 6.0 million principal amount of such notes was issued to certain institutional investors. As described above, in September 2023, the Company repurchased and cancelled $ 33.0 million of these notes. The remaining $ 3.0 million principal amount outstanding was repaid in March 2024 at maturity . (D) SBA DEBENTURES AND BORROWINGS Over the years, the SBA has approved commitments for Medallion Capital and FSVC, typically for a four and a half year term and a 1 % fee. During 2017, the SBA restructured FSVC’s debentures with SBA totaling $ 33.5 million in principal into a new loan by the SBA to FSVC in the principal amount of $ 34.0 million, or the SBA Loan. In connection with the SBA Loan, FSVC executed a Note, or the SBA Note, with an effective date of March 1, 2017, in favor of SBA, in the principal amount of $ 34.0 million. The SBA Loan bore an interest rate of 3.25 % with all remaining unpaid principal and interest being due on April 30, 2024 , the maturity date. In October 2023, FSVC repaid, in full, all amounts due to the SBA under the SBA Note. On July 10, 2023, Medallion Capital accepted a commitment from the SBA for $ 20.0 million in debenture financing. Medallion Capital can draw funds under the commitment, in whole or in part, until September 30, 2027. In connection with the commitment, Medallion Capital paid the SBA a leverage fee of $ 0.2 million, with an additional $ 0.4 million fee to be paid pro-rata as Medallion Capital draws under the commitment. As of September 30, 2024 , $ 9.8 million of the commitment had been drawn, and $ 10.2 million was drawable. On February 28, 2024, Medallion Capital accepted a commitment from the SBA for $ 18.5 million in debenture financing with a ten-year term. Medallion Capital can draw funds under the commitment, in whole or in part, until September 30, 2028. In connection with the commitment, Medallion Capital paid the SBA a leverage fee of $ 0.2 million, with the remaining $ 0.4 million of the fee to be paid pro rata as Medallion Capital draws under the commitment. As of September 30, 2024 , none of the commitment had been drawn, $ 0.3 million was drawable, with the balance of $ 18.2 million drawable upon the infusion of $ 9.1 million of capital from either the capitalization of retained earnings or a capital infusion into Medallion Capital from the Company. (E) TRUST PREFERRED SECURITIES In June 2007, the Company issued and sold $ 36.1 million aggregate principal amount of unsecured junior subordinated notes to Fin Trust which, in turn, sold $ 35.0 million of trust preferred securities to Merrill Lynch International and issued 1,083 shares of common stock to the Company. I nterest is calculated using the Secured Overnight Financing Rate (SOFR) adjusted by a relevant spread adjustment of approximately 26 basis points , plus 2.13 %. The notes mature in September 2037 and are prepayable at par. Interest is payable quarterly in arrears. The terms of the trust preferred securities and the notes are substantially identical. In December 2007, $ 2.0 million of the trust preferred securities were repurchased from a third-party investor. As of September 30, 2024, $ 33.0 million was outstanding on the trust preferred securities. (F) OTHER BORROWINGS In January 2024, Medallion Capital entered into a $ 7.5 million revolving credit facility with a regional bank. The facility allows Medallion Capital to finance, on a short-term basis, investments for which it anticipates receiving financing from the SBA. The facility bears interest at a rate of 2.75 % plus one month SOFR, has an annual facility fee of 0.1 %, matures on January 1, 2025, and requires that Medallion Capital have total commitments available from the SBA of at least the total requested advance. As of September 30, 2024 , the facility had no outstanding borrowings. (G) COVENANT COMPLIANCE Certain of the Company's debt agreements contain financial covenants that require the Company to maintain certain financial ratios and minimum tangible net worth. As of September 30, 2024 , the Company was in compliance with all such covenants.

Leases

Leases	9 Months Ended
	Sep. 30, 2024
Leases [Abstract]
Leases	(6) LEASES The Company has leased premises that expire at various dates through February 28, 2031 subject to various operating leases. The following table presents the operating lease costs and additional information for the three and nine months ended September 30, 2024 and 2023. Three Months Ended September 30, Nine Months Ended September 30, (Dollars in thousands) 2024 2023 2024 2023 Operating lease costs $ 607 $ 597 $ 1,817 $ 1,792 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases 664 629 2,019 1,855 Right-of-use asset obtained in exchange for lease liability ( 58 ) ( 56 ) ( 176 ) ( 167 ) The following table presents the breakout of the operating leases as of September 30, 2024 and December 31, 2023. (Dollars in thousands) September 30, 2024 December 31, 2023 Operating lease right-of-use assets $ 7,259 $ 8,785 Other current liabilities 2,281 2,472 Operating lease liabilities 5,534 7,019 Total operating lease liabilities 7,815 9,491 Weighted average remaining lease term 4.4 years 4.9 years Weighted average discount rate 5.56 % 5.47 % At September 30, 2024, maturities of the lease liabilities were as follows: (Dollars in thousands) Remainder of 2024 $ 634 2025 2,546 2026 2,567 2027 1,342 2028 573 Thereafter 1,139 Total lease payments 8,801 Less imputed interest 986 Total operating lease liabilities $ 7,815

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2024
Income Tax Disclosure [Abstract]
Income Taxes	(7) INCOME TAXES The Company is subject to federal and applicable state corporate income taxes on its taxable ordinary income and capital gains. As a corporation taxed under Subchapter C of the Internal Revenue Code, the Company is able, and intends, to file a consolidated federal income tax return with corporate subsidiaries in which it holds 80% or more of the outstanding equity interest measured by both vote and fair value. The following table presents the significant components of the Company's deferred and other tax assets and liabilities as of September 30, 2024 and December 31, 2023. (Dollars in thousands) September 30, 2024 December 31, 2023 Goodwill and other intangibles $ 42,762 $ 43,034 Provision for credit losses ( 13,931 ) ( 13,032 ) Net operating loss carryforwards (1) ( 3,805 ) ( 3,802 ) Accrued expenses, compensation, and other assets ( 6,151 ) ( 6,976 ) Unrealized losses on other investments ( 2,227 ) ( 1,877 ) Total deferred tax liability 16,648 17,347 Valuation allowance 3,950 3,860 Deferred tax liability, net $ 20,598 $ 21,207 (1) As of September 30, 2024 , the Company had an estimated $ 11.1 million of net operating loss carryforwards, $ 1.7 million of which expires at various dates between December 31, 2026 and December 31, 2035 , which had a net carrying value of $ 1.2 million as of September 30, 2024 . The following table presents the components of the Company's tax provision for the three and nine months ended September 30, 2024 and 2023: Three Months Ended September 30, Nine Months Ended September 30, (Dollars in thousands) 2024 2023 2024 2023 Current Federal $ 4,899 $ 5,893 $ 11,421 $ 12,349 State 1,533 1,753 3,652 3,717 Deferred Federal ( 1,798 ) ( 689 ) ( 598 ) 1,761 State ( 579 ) ( 230 ) ( 279 ) 755 Net provision for income taxes $ 4,055 $ 6,727 $ 14,196 $ 18,582 The following table presents a reconciliation of statutory federal income tax provision to consolidated actual income tax provision reported for the three and nine months ended September 30, 2024 and 2023. Three Months Ended September 30, Nine Months Ended September 30, (Dollars in thousands) 2024 2023 2024 2023 Statutory Federal income tax provision at 21 % $ 2,977 $ 4,088 $ 9,338 $ 13,414 State and local income taxes, net of federal income tax benefit 583 800 1,827 2,624 Non-deductible expenses 427 624 2,582 1,701 Valuation allowance against deferred tax assets — 1,138 — 1,138 Other 68 77 449 ( 295 ) Total income tax provision $ 4,055 $ 6,727 $ 14,196 $ 18,582 In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which temporary differences become deductible pursuant to ASC 740. The Company considers the reversal of deferred tax liabilities, projected future taxable income, and tax planning strategies in making this assessment. The Company’s evaluation of the realizability of deferred tax assets must consider both positive and negative evidence. The weight given to the potential effects of positive and negative evidence is based on the extent to which it can be objectively verified. Based upon these considerations, the Company determined the necessary valuation allowance as of September 30, 2024. The Company has filed tax returns in many states. Federal, New York State, New York City, and Utah State tax filings of the Company for the tax years 2020 through the present are the more significant filings that are open for examination.

Stock Options and Restricted St

Stock Options and Restricted Stock	9 Months Ended
	Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]
Stock Options and Restricted Stock	(8) STOCK OPTIONS AND RESTRICTED STOCK The Company’s Board of Directors approved the 2018 Equity Incentive Plan, or the 2018 Plan, which was approved by the Company’s stockholders on June 15, 2018. The terms of 2018 Plan provide for grants of a variety of different type of stock awards to the Company’s employees and non-employee directors, including options, restricted stock, restricted stock units, performance share units, and stock appreciation rights, etc. On April 22, 2020, the Company’s Board of Directors approved an amendment to the 2018 Plan to increase the number of shares of the Company’s common stock authorized for issuance thereunder, which was approved by the Company’s stockholders on June 19, 2020, and subsequently on April 26, 2022, the Company’s Board of Directors approved an additional amendment to the 2018 Plan to further increase the number of shares of the Company’s common stock authorized for issuance thereunder, which was approved by the Company’s stockholders on June 14, 2022. A total of 5,710,968 shares of the Company’s common stock are issuable under the 2018 Plan, and 1,375,031 remained issuable as of September 30, 2024. Awards under the 2018 Plan are subject to certain limitations as set forth in the 2018 Plan, which will terminate when all shares of common stock authorized for delivery have been delivered and the forfeiture restrictions on all awards have lapsed, or by action of the Board of Directors pursuant to the 2018 Plan, whichever occurs first. The Company’s Board of Directors approved the 2015 Non-Employee Director Stock Option Plan, or the 2015 Director Plan, on March 12, 2015, which was approved by the Company’s shareholders on June 5, 2015, and on which exemptive relief to implement the 2015 Director Plan was received from the SEC on February 29, 2016. A total of 300,000 shares of the Company’s common stock were issuable under the 2015 Director Plan, and 258,334 remained issuable as of June 15, 2018. Effective June 15, 2018, the 2018 Plan was approved, and these remaining shares were rolled into the 2018 Plan. Under the 2015 Director Plan, unless otherwise determined by a committee of the Board of Directors comprised of directors who are not eligible for grants under the 2015 Director Plan, the Company granted options to purchase 12,000 shares of the Company’s common stock to a non-employee director upon election to the Board of Directors, with an adjustment for directors who were elected to serve less than a full term. The option price per share could not be less than the current market value of the Company’s common stock on the date the option was granted. Options granted under the 2015 Director Plan vested annually, as defined in the 2015 Director Plan. The term of the options could not exceed ten years . The Company’s Board of Directors approved the First Amended and Restated 2006 Director Plan, or the Amended Director Plan, on April 16, 2009, which was approved by the Company’s shareholders on June 5, 2009, and on which exemptive relief to implement the Amended Director Plan was received from the SEC on July 17, 2012. A total of 200,000 shares of the Company’s common stock were issuable under the Amended Director Plan. No additional shares are available for issuance under the Amended Director Plan. Under the Amended Director Plan, unless otherwise determined by a committee of the Board of Directors comprised of directors who are not eligible for grants under the Amended Director Plan, the Company would grant options to purchase 9,000 shares of the Company’s common stock to an Eligible Director upon election to the Board of Directors, with an adjustment for directors who were elected to serve less than a full term. The option price per share could not be less than the current market value of the Company’s common stock on the date the option was granted. Options granted under the Amended Director Plan vested annually, as defined in the Amended Director Plan. The term of the options could not exceed ten years . Additional shares are only available for future issuance under the 2018 Plan. At September 30, 2024 , 935,456 options on the Company’s common stock were outstanding under the Company’s plans, of which 848,069 options were vested. Additionally, as of September 30, 2024 , there were 876,444 unvested shares of restricted stock, 512,131 unvested performance stock units, 93,486 unvested restricted stock units, and 237,215 vested restricted stock units under the 2018 Plan. The fair value of each restricted stock grant is determined on the date of grant by the closing market price of the Company’s common stock on the grant date. The fair value of each option grant is estimated on the date of grant using the Black-Scholes option-pricing model. There were no options granted during the nine months ended September 30, 2024 and 2023. During 2023, the Company’s Compensation Committee of the Board of Directors began granting performance stock units, or PSUs, to certain officers and employees of the Company. Granted PSUs are subject to specified performance criteria for a particular performance period. The number of PSUs that vest can range from zero to 200 % of the grant amount. In addition, dividends that accrue during the vesting period are reinvested in dividend equivalent PSUs. PSUs and the related dividend equivalent PSUs are converted into shares of common stock after vesting. Once the PSUs and dividend equivalent PSUs have vested, shares of common stock are delivered. The following table presents the PSU activity for the first, second, and third quarters of 2024 and the 2023 full year. The PSUs have vesting conditions based upon certain levels of total pre-tax income as well as return on common equity attained over a three-year period. The PSUs cliff vest after three years based upon the performance of the Company. Dividend equivalent PSUs accumulate and convert to additional shares for the benefit of the grantee at the vesting date or are forfeited if the performance conditions are not met. Number of Grant Weighted Outstanding at December 31, 2022 — $ — $ — Granted 296,444 6.08 6.08 Cancelled — — — Vested — — — Outstanding at December 31, 2023 296,444 $ 6.08 $ 6.08 Granted 215,687 8.97 8.97 Cancelled — — — Vested — — — Outstanding at March 31, 2024 512,131 $ 6.08 - 8.97 $ 7.30 Granted — — — Cancelled — — — Vested — — — Outstanding at June 30, 2024 512,131 $ 6.08 - 8.97 $ 7.30 Granted — — — Cancelled — — — Vested — — — Outstanding at September 30, 2024 512,131 $ 6.08 - 8.97 $ 7.30 The following table presents the activity for the restricted stock programs for the first, second, and third quarters of 2024 and the 2023 full year. Number of Grant Weighted Outstanding at December 31, 2022 857,288 $ 4.89 - 7.25 $ 7.27 Granted 399,793 7.67 - 9.37 8.34 Cancelled ( 12,807 ) 4.89 - 8.40 7.24 Vested (1) ( 248,898 ) 4.89 - 7.68 7.10 Outstanding at December 31, 2023 995,376 $ 4.89 - 9.37 $ 7.74 Granted 296,178 8.97 8.97 Cancelled ( 1,208 ) 6.86 - 9.37 8.13 Vested (1) ( 400,985 ) 4.89 - 8.40 7.69 Outstanding at March 31, 2024 (2) 889,361 $ 4.89 - 9.37 $ 8.18 Granted — — — Cancelled ( 1,696 ) 4.89 - 9.37 7.88 Vested — — — Outstanding at June 30, 2024 (2) 887,665 $ 4.89 - 9.37 $ 8.18 Granted — — — Cancelled ( 11,221 ) 4.89 - 9.37 7.74 Vested — — — Outstanding at September 30, 2024 (2) 876,444 $ 4.89 - 9.37 $ 8.18 (1) The aggregate fair value of the restricted stock vested was $ 2.7 million for the nine months ended September 30, 2024 and $ 2.1 million for the year ended December 31, 2023 . (2) The aggregate fair value of the restricted stock was $ 7.1 million as of September 30, 2024 . The remaining vesting period was 2.4 years at September 30, 2024 . The following table presents the activity for the stock option programs for the first, second, and third quarters of 2024 and the 2023 full year. Number of Exercise Weighted Outstanding at December 31, 2022 1,061,849 $ 2.14 - 9.38 $ 6.51 Granted — — — Cancelled ( 33,382 ) 4.89 - 9.38 6.80 Exercised (1) ( 68,945 ) 4.89 - 7.25 6.44 Outstanding at December 31, 2023 959,522 $ 2.14 - 9.38 $ 6.51 Granted — — — Cancelled ( 85 ) 4.89 4.89 Exercised (1) ( 13,383 ) 4.89 - 7.25 6.61 Outstanding at March 31, 2024 (2) 946,054 $ 2.14 - 9.38 $ 6.51 Granted — — — Cancelled ( 146 ) 4.89 4.89 Exercised (1) ( 2,867 ) 4.89 - 7.25 6.14 Outstanding at June 30, 2024 (2) 943,041 $ 2.14 - 9.38 $ 6.51 Granted — — — Cancelled ( 1,733 ) — — Exercised (1) ( 5,852 ) — Outstanding at September 30, 2024 (2) 935,456 $ 2.14 - 9.38 $ 6.51 Options exercisable at: December 31, 2023 697,647 $ 2.14 - 9.38 $ 6.51 September 30, 2024 (2) 848,069 $ 2.14 - 9.38 $ 6.52 (1) The aggregate intrinsic value of exercised options, which represents the difference between the price of the Company’s common stock at the exercise date and the related exercise price of the underlying options, was less than $ 0.1 million for the three and nine months ended September 30, 2024 and was $ 0.1 million for the year ended December 31, 2023 . (2) The aggregate intrinsic value of outstanding options, which represents the difference between the price of the Company’s common stock at September 30, 2024 and the related exercise price of the underlying options, was $ 1.5 million for outstanding options and $ 1.4 million for vested options. The remaining contractual life was 5.4 years for outstanding options and 5.3 years for vested options at September 30, 2024 . The following table presents the activity for the unvested options outstanding under the plans described above for the 2024 first, second, and third quarters. Number of Exercise Price Weighted Outstanding at December 31, 2023 261,875 $ 4.89 - 7.25 $ 6.49 Granted — — — Cancelled — — — Vested (1) ( 173,430 ) 4.89 - 7.25 6.56 Outstanding at March 31, 2024 88,445 $ 4.89 - 6.79 $ 6.37 Granted — — — Cancelled ( 146 ) 4.89 4.89 Vested (1) — — — Outstanding at June 30, 2024 88,299 $ 4.89 - 6.79 $ 6.37 Granted — — — Cancelled ( 912 ) 4.89 4.89 Vested — — — Outstanding at September 30, 2024 87,387 $ 4.89 - 7.25 $ 6.49 (1) The intrinsic value of the options vested was $ 0.4 million for the nine months ended September 30, 2024 . During the nine months ended September 30, 2024 , the Company granted 92,350 restricted stock units, or RSUs, with a vesting date of June 11, 2025 at a grant price of $ 8.23 and during the year ended December 31, 2023 , granted 83,158 RSUs which vested on June 22, 2024 at a grant price of $ 9.14 . For the RSUs granted in 2024 and 2023, unit holders had the option of deferring settlement until a future date if the recipient makes a formal election under the guidelines of IRC Section 409A. As of September 30, 2024 , there were 330,701 RSUs outstanding, including 237,215 which had previously vested.

Segment Reporting

Segment Reporting	9 Months Ended
	Sep. 30, 2024
Segment Reporting [Abstract]
Segment Reporting	(9) SEGMENT REPORTING The Company has five business segments, which include four lending segments and one non-operating segment, which are reflective of how Company management makes decisions about its business and operations. The four lending segments reflect the main types of lending performed at the Company, which are recreation, home improvement, commercial, and taxi medallion lending. The recreation and home improvement lending segments are operated by the Bank and loans are made to borrowers residing nationwide. The recreation lending segment is a consumer finance business that works with third-party dealers and financial service providers for the purpose of financing RVs, boats, collector cars, and other consumer recreational equipment, of which RVs, boats, and collector cars make up 55 % , 20 % , and 11 % of the segment portfolio, with no other product lines equal to or exceeding 10 %, as of September 30, 2024. The highest concentrations of recreation loans are in Texas and Florida at 16 % and 10 % of loans outstanding and with no other states at or above 10 % as of September 30, 2024. The home improvement lending segment works with contractors and financial service providers to finance residential home improvement with the largest product lines being roofs, swimming pools, and windows at 38 % , 24 % , and 13 % of total home improvement loans outstanding, and with no other product lines exceeding 10 % as of September 30, 2024. The highest concentrations of home improvement loans are in Texas and Florida both at 11 % of loans outstanding and with no other states at or above 10 % as of September 30, 2024. The commercial lending segment focuses on serving a wide variety of industries, with concentrations in manufacturing, construction, and wholesale trade making up 55 % , 14 % , and 11 % of the loans outstanding as of September 30, 2024, with no other product lines exceeding 10 % as of September 30, 2024. The commercial lending segment invests across the United States with concentrations in California, Wisconsin, and Texas each having 30 % , 11 % , and 10 % of the segment portfolio, and no other states having a concentration at or greater than 10 % as of September 30, 2024. The taxi medallion lending segment arose in connection with the financing of taxi medallions, taxis, and related assets, primarily all of which are located in the New York City metropolitan area as of September 30, 2024. The Company's corporate and other investments segment is a non-operating segment that includes items not allocated to the Company's operating segments such as investment securities, equity investments, intercompany eliminations, and other corporate elements. As part of segment reporting, capital ratios for all operating segments have been normalized as a percentage of consolidated total equity divided by total assets, with the net adjustment applied to corporate and other investments. In addition, the commercial segment primarily represents the mezzanine lending business, with certain legacy commercial loans (immaterial to total) allocated to corporate and other investments. The following tables present segment data as of and for the three and nine months ended September 30, 2024. Three Months Ended September 30, 2024 Consumer Lending (Dollars in thousands) Recreation Home Commercial Taxi Medallion Corporate and Other Investments Consolidated Total interest income $ 51,443 $ 19,008 $ 3,761 $ 184 $ 2,013 $ 76,409 Total interest expense 12,566 7,033 1,063 30 2,980 23,672 Net interest income (loss) 38,877 11,975 2,698 154 ( 967 ) 52,737 Provision (benefit) for credit losses 17,494 4,855 252 ( 2,450 ) — 20,151 Net interest income (loss) after loss provision 21,383 7,120 2,446 2,604 ( 967 ) 32,586 Other income (loss), net 200 2 ( 414 ) 321 478 587 Operating (expenses) income ( 11,853 ) ( 5,746 ) ( 1,235 ) ( 1,444 ) 1,283 ( 18,995 ) Net income before taxes 9,730 1,376 797 1,481 794 14,178 Income tax provision ( 2,810 ) ( 290 ) ( 159 ) ( 457 ) ( 339 ) ( 4,055 ) Net income after taxes $ 6,920 $ 1,086 $ 638 $ 1,024 $ 455 $ 10,123 Income attributable to the non-controlling interest 1,512 Total net income attributable to Medallion Financial Corp. $ 8,611 Balance Sheet Data Total loans $ 1,554,629 $ 814,071 $ 110,143 $ 3,243 $ 3,193 $ 2,485,279 Total assets 1,505,400 798,261 105,232 6,208 464,951 2,880,052 Total funds borrowed 1,253,224 664,541 87,604 5,168 387,066 2,397,603 Selected Financial Ratios Return on average assets 1.81 % 0.55 % 2.41 % 50.54 % 0.41 % 1.43 % Return on average stockholders' equity * * * * * 9.61 Return on average equity 13.35 3.86 16.38 302.61 2.57 9.46 Interest yield 13.34 9.51 13.57 21.96 NM 11.75 Net interest margin, gross 10.08 5.99 9.74 18.38 NM 8.11 Net interest margin, net of allowance 10.55 6.14 10.19 30.60 NM 8.42 Reserve coverage 4.53 2.42 4.64 39.78 NM 3.88 Delinquency status (1) 0.50 0.19 7.39 — NM 0.72 Charge-off (recovery) ratio (2) 3.18 1.76 — ( 279.58 ) NM 2.18 (1) Loans 90 days or more past due. (2) Negative balances indicate net recoveries for the period. (NM) Not meaningful. (*) Line item is not applicable to segments. Nine Months Ended September 30, 2024 Consumer Lending (Dollars in thousands) Recreation Home Commercial Taxi Medallion Corporate and Other Investments Consolidated Total interest income $ 142,860 $ 54,106 $ 10,944 $ 514 $ 5,759 $ 214,183 Total interest expense 33,171 18,773 3,217 83 8,417 63,661 Net interest income (loss) 109,689 35,333 7,727 431 ( 2,658 ) 150,522 Provision (benefit) for credit losses 50,319 9,032 946 ( 4,368 ) — 55,929 Net interest income (loss) after loss provision 59,370 26,301 6,781 4,799 ( 2,658 ) 94,593 Other income, net 756 7 3,774 1,294 1,258 7,089 Operating expenses ( 31,376 ) ( 15,317 ) ( 3,657 ) ( 3,560 ) ( 3,305 ) ( 57,215 ) Net income (loss) before taxes 28,750 10,991 6,898 2,533 ( 4,705 ) 44,467 Income tax (provision) benefit ( 9,178 ) ( 3,509 ) ( 2,202 ) ( 809 ) 1,502 ( 14,196 ) Net income (loss) after taxes $ 19,572 $ 7,482 $ 4,696 $ 1,724 $ ( 3,203 ) $ 30,271 Income attributable to the non-controlling interest 4,535 Total net income attributable to Medallion Financial Corp. $ 25,736 Balance Sheet Data Total loans $ 1,554,629 $ 814,071 $ 110,143 $ 3,243 $ 3,193 $ 2,485,279 Total assets 1,505,400 798,261 105,232 6,208 464,951 2,880,052 Total funds borrowed 1,253,224 664,541 87,604 5,168 387,066 2,397,603 Selected Financial Ratios Return on average assets 1.87 % 1.31 % 5.92 % 26.64 % ( 0.96 )% 1.51 % Return on average stockholders' equity * * * * * 9.79 Return on average equity 12.78 8.69 38.63 155.33 ( 6.24 ) 9.62 Interest yield 13.32 9.38 13.20 20.59 NM 11.54 Net interest margin, gross 10.23 6.12 9.32 16.65 NM 8.11 Net interest margin, net of allowance 10.65 6.26 9.69 27.99 NM 8.41 Reserve coverage 4.53 2.42 4.64 39.78 NM 3.88 Delinquency status (1) 0.50 0.19 7.39 — NM 0.72 Charge-off (recovery) ratio (2) 3.48 1.78 ( 0.02 ) ( 159.26 ) NM 2.51 (1) Loans 90 days or more past due. (2) Negative balances indicate net recoveries for the period. (NM) Not meaningful. (*) Line item is not applicable to segments. The following tables present segment data as of and for the three and nine months ended September 30, 2023. Three Months September 30, 2023 Consumer Lending (Dollars in thousands) Recreation Home Commercial Taxi Medallion Corporate and Other Investments Consolidated Total interest income $ 44,341 $ 16,578 $ 3,248 $ 342 $ 1,377 $ 65,886 Total interest expense (income) 8,770 5,187 921 ( 69 ) 2,293 17,102 Net interest income (loss) 35,571 11,391 2,327 411 ( 916 ) 48,784 Provision (benefit) for credit losses 11,877 3,860 621 ( 1,772 ) ( 54 ) 14,532 Net interest income (loss) after loss provision 23,694 7,531 1,706 2,183 ( 862 ) 34,252 Other income, net 128 1 2,322 1,404 451 4,306 Operating expenses ( 8,637 ) ( 4,433 ) ( 1,129 ) ( 1,421 ) ( 3,469 ) ( 19,089 ) Net income (loss) before taxes 15,185 3,099 2,899 2,166 ( 3,880 ) 19,469 Income tax (provision) benefit ( 5,169 ) ( 1,051 ) ( 907 ) ( 955 ) 1,355 ( 6,727 ) Net income (loss) after taxes $ 10,016 $ 2,048 $ 1,992 $ 1,211 $ ( 2,525 ) $ 12,742 Income attributable to the non-controlling interest 1,512 Total net income attributable to Medallion Financial Corp. $ 11,230 Balance Sheet Data Total loans, gross $ 1,346,440 $ 750,508 $ 100,322 $ 3,927 $ 1,841 $ 2,203,038 Total assets 1,307,860 739,452 97,298 17,258 396,759 2,558,627 Total funds borrowed 1,074,592 607,565 79,944 14,180 323,638 2,099,919 Selected Financial Ratios Return on average assets 3.01 % 1.11 % 8.12 % 26.70 % ( 2.56 )% 2.01 % Return on average stockholders' equity * * * * * 13.80 Return on average equity 19.50 7.21 52.31 172.77 ( 16.56 ) 12.89 Interest yield 13.12 8.88 13.05 35.22 NM 11.28 Net interest margin, gross 10.53 6.10 9.35 42.32 NM 8.35 Net interest margin, net of allowance 10.99 6.24 9.61 77.54 NM 8.64 Reserve coverage 4.24 2.31 3.10 42.97 NM 3.59 Delinquency status (1) 0.45 0.13 0.07 — NM 0.32 Charge-off (recovery) ratio (2) 2.67 1.61 — ( 172.06 ) NM 1.88 (1) Loans 90 days or more past due. (2) Negative balances indicate net recoveries for the period. (NM) Not meaningful. (*) Line item is not applicable to segments. Nine Months Ended September 30, 2023 Consumer Lending (Dollars in thousands) Recreation Home Commercial Taxi Medallion Corporate and Other Investments Consolidated Total interest income $ 123,349 $ 45,519 $ 8,763 $ 1,439 $ 4,385 $ 183,455 Total interest expense 22,254 12,660 2,582 44 6,839 44,379 Net interest income (loss) 101,095 32,859 6,181 1,395 ( 2,454 ) 139,076 Provision (benefit) for credit losses 29,763 10,680 835 ( 14,167 ) ( 66 ) 27,045 Net interest income (loss) after loss provision 71,332 22,179 5,346 15,562 ( 2,388 ) 112,031 Other income, net 128 4 2,936 4,327 937 8,332 Operating expenses ( 24,884 ) ( 12,815 ) ( 2,696 ) ( 4,191 ) ( 11,898 ) ( 56,484 ) Net income (loss) before taxes 46,576 9,368 5,586 15,698 ( 13,349 ) 63,879 Income tax (provision) benefit ( 13,549 ) ( 2,725 ) ( 1,625 ) ( 4,567 ) 3,884 ( 18,582 ) Net income (loss) after taxes $ 33,027 $ 6,643 $ 3,961 $ 11,131 $ ( 9,465 ) $ 45,297 Income attributable to the non-controlling interest 4,536 Total net income attributable to Medallion Financial Corp. $ 40,761 Balance Sheet Data Total loans, gross $ 1,346,440 $ 750,508 $ 100,322 $ 3,927 $ 1,841 $ 2,203,038 Total assets 1,307,860 739,452 97,298 17,258 396,759 2,558,627 Total funds borrowed 1,074,592 607,565 79,944 14,180 323,638 2,099,919 Selected Financial Ratios Return on average assets 3.56 % 1.30 % 5.33 % 73.52 % ( 3.31 )% 2.52 % Return on average stockholders' equity * * * * * 17.49 Return on average equity 22.56 8.21 33.61 463.36 ( 20.93 ) 15.90 Interest yield 13.03 8.76 12.11 29.27 NM 11.10 Net interest margin, gross 10.68 6.32 8.55 28.38 NM 8.42 Net interest margin, net of allowance 11.14 6.46 8.79 72.66 NM 8.71 Reserve coverage 4.24 2.31 3.10 42.97 NM 3.59 Delinquency status (1) 0.45 0.13 0.07 — NM 0.32 Charge-off (recovery) ratio (2) 2.61 1.20 1.23 ( 130.08 ) NM 1.65 (1) Loans 90 days or more past due. (2) Negative balances indicate net recoveries for the period. (NM) Not meaningful. (*) Line item is not applicable to segments.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	(10) COMMITMENTS AND CONTINGENCIES (A) EMPLOYMENT AGREEMENTS The Company has employment agreements with certain key officers, including Mr. Alvin Murstein and Mr. Andrew Murstein, for either a one-, two-, three-, or five-year term. Typically, the contracts with a one- or two-year term will renew for new one- or two-year terms unless prior to the term either the Company or the executive provides notice to the other party of its intention not to extend the employment period beyond the current one or two-year term (as applicable); however, in addition to Mr. Andrew Murstein's employment agreement, as further described below, there is currently one agreement that renews after two years for additional one-year terms and one agreement with a three-year term that does not have a renewal period. In the event of a change in control, as defined, during the employment period, the agreements provide for severance compensation to the executive in an amount equal to the balance of the salary, bonus, and value of fringe benefits which the executive would be entitled to receive for the remainder of the employment period. On April 25, 2023, Mr. Alvin Murstein, the Company’s Chairman of the Board and Chief Executive Officer, notified the Company of his election not to renew the term of his employment pursuant to the First Amended and Restated Employment Agreement, dated May 29, 1998, as amended, between him and the Company. Accordingly, the term of his employment as Chief Executive Officer of the Company will expire on May 28, 2027, unless sooner terminated in accordance with the provisions thereof. In addition, on April 27, 2023, Mr. Andrew Murstein, the Company’s President and Chief Operating Officer, entered into an amendment to the First Amended and Restated Employment Agreement, dated May 29, 1998, as amended, between him and the Company. Pursuant to such amendment, effective as of May 29, 2023, (i) the expiration of his then current term of employment shall be revised to end on May 28, 2027, and (ii) on May 29, 2024, and on each May 29 thereafter, such term of employment shall automatically renew each year for a three-year term unless, prior to the end of the first year of the then-applicable three-year term, either Mr. Murstein or the Company provides at least 30 days’ advance notice to the other party of its intention not to renew the then-applicable term of employment for a new three-year term, in each case unless such employment term is otherwise terminated pursuant to the terms thereof. As of September 30, 2024 , employment agreements expire at various dates through 2027 , with future minimum payments under these agreements of approximately $ 8.8 million. (B) OTHER COMMITMENTS As of September 30, 2024 , the Company had no other commitments. Generally, any commitments would be on the same terms as loans to or investments in existing borrowers or investees, and generally have fixed expiration dates. Since some commitments would be expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. (C) SEC LITIGATION On December 29, 2021, the SEC filed a civil complaint in the U.S. District Court for the Southern District of New York against the Company and its President and Chief Operating Officer alleging certain violations of the anti-fraud, books and records, internal controls and anti-touting provisions of the federal securities laws. The litigation relates to certain issues that occurred during the period 2015 to 2017, including (i) the Company’s retention of third parties in 2015 and 2016 concerning posting information about the Company on certain financial websites and (ii) the Company’s financial reporting and disclosures concerning certain assets, including Medallion Bank, in 2016 and 2017, a period when the Company had previously reported as a business development company (BDC) under the Investment Company Act of 1940. Since April 2018, the Company does not report as a BDC, and has not worked with such third parties since 2016. The Company does not expect to change previously reported financial results. The Company filed a motion to dismiss the complaint on March 22, 2022, the SEC filed an amended complaint on April 26, 2022 and the Company filed a motion to dismiss the amended complaint on August 5, 2022. On September 18, 2024, the Court largely denied the Company’s motion to dismiss, other than one claim that was dismissed. The deadline for the Company to file its answer to the amended complaint is November 15, 2024. The SEC is seeking injunctive relief, disgorgement plus pre-judgment interest and civil penalties in amounts unspecified, as well as an officer and director bar against the Company’s President and Chief Operating Officer. The Company and its President and Chief Operating Officer intend to defend themselves vigorously and believe that the SEC will not prevail on its claims. Nevertheless, depending on the outcome of the litigation, the Company could incur a loss and other penalties that could be material to the Company, its results of operations and/or financial condition, as well as a bar against its President and Chief Operating Officer. In addition, the Company has and expects to further incur significant legal fees and expenses in defending against such charges by the SEC and the Company may be subject to shareholder litigation relating to these SEC matters. (D) OTHER LITIGATION AND REGULATORY MATTERS The Company and its subsidiaries are subject to inquiries from certain regulators and are currently involved in various legal proceedings incident to the normal course of business, including collection matters with respect to certain loans. The Company intends to vigorously defend any outstanding claims and pursue its legal rights. In the opinion of management, based on the advice of legal counsel, except for the pending SEC litigation, as described above, there is no proceeding pending, or to the knowledge of management threatened, which in the event of an adverse decision could result in a material adverse impact on the financial condition or results of operations of the Company.

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2024
Related Party Transactions [Abstract]
Related Party Transactions	(11) RELATED PARTY TRANSACTIONS Certain directors, officers, and stockholders of the Company are also directors and officers of its main consolidated subsidiaries, MFC, Medallion Capital, FSVC, and the Bank, as well as other subsidiaries. Officer salaries are set by the Board of Directors of the Company. Jeffrey Rudnick, the son of one of the Company’s directors, serves as the Company’s Senior Vice President at a salary of $ 260,988 per year, an increase from $ 250,950 per year in 2023 . Mr. Rudnick received an annual cash bonus of $ 95,000 and $ 85,000 as well as an equity bonus in the amount of $ 52,000 and $ 50,000 , during the nine months ended September 30, 2024 and 2023 .

Fair Value of Financial Instrum

Fair Value of Financial Instruments	9 Months Ended
	Sep. 30, 2024
Investments, All Other Investments [Abstract]
Fair Value of Financial Instruments	(12) FAIR VALUE OF FINANCIAL INSTRUMENTS FASB ASC Topic 825, “Financial Instruments,” requires disclosure of fair value information about certain financial instruments, whether assets, liabilities, or off-balance-sheet commitments, if practicable. The following methods and assumptions were used to estimate the fair value of each class of financial instrument. Fair value estimates that were derived from broker quotes cannot be substantiated by comparison to independent markets and, in many cases, could not be realized in immediate settlement of the instrument. (a) Cash and cash equivalents – Book value equals fair value. (b) Equity securities – The Company’s equity securities are recorded at cost less impairment plus or minus observable price changes. (c) Investment securities – The Company’s investments are recorded at the estimated fair value of such investments. (d) Loans receivable – A discounted cash flow method under the income approach is utilized to estimate the market value of the loan portfolio. The discounted cash flow method relies upon assumptions about the amount and timing of scheduled principal and interest payments, principal prepayments, and current market rates. The loan portfolio is aggregated into categories based on loan type and credit quality. For each loan category, weighted average statistics, such as coupon rate, age, and remaining term are calculated. These are Level 3 valuations. Prior to the second quarter of 2024, fair value was reported as approximating book value. (e) Floating rate borrowings – Due to the short-term nature of these instruments, the carrying amount approximates fair value. (f) Commitments to extend credit – The fair value of commitments to extend credit is estimated using the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and present creditworthiness of the counter parties. For fixed rate loan commitments, fair value also includes a consideration of the difference between the current levels of interest rates and the committed rates. At September 30, 2024 and December 31, 2023, the estimated fair value of these off-balance-sheet instruments was not material. (g) Fixed rate borrowings – The fair value f or certificates of deposit is estimated by using discounted cash flow analyses, based on market spreads to benchmark rates, and are considered Level 2 valuations. Prior to the second quarter of 2024, fair value was reported as approximating book value. September 30, 2024 December 31, 2023 (Dollars in thousands) Carrying Fair Carrying Fair Financial assets Cash, cash equivalents, and federal funds sold (1) $ 187,929 $ 187,929 $ 149,845 $ 149,845 Equity investments 9,897 9,897 11,430 11,430 Investment securities 56,754 56,754 54,282 54,282 Loans receivable 2,388,761 2,395,235 2,131,651 2,131,651 Accrued interest receivable (2) 14,108 14,108 13,538 13,538 Equity securities (3) 1,785 1,785 1,748 1,748 Financial liabilities Funds borrowed 2,397,603 2,428,246 2,118,689 2,118,689 Accrued interest payable (2) 6,888 6,888 6,822 6,822 (1) Categorized as level 1 within the fair value hierarchy, excluding $ 1.3 million in interest bearing deposits categorized as level 2 as of both September 30, 2024 and December 31, 2023 . See Note 13. (2) Categorized as level 3 within the fair value hierarchy. See Note 13. (3) Included within other assets on the balance sheet.

Fair Value of Assets and Liabil

Fair Value of Assets and Liabilities	9 Months Ended
	Sep. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value of Assets and Liabilities	(13) FAIR VALUE OF ASSETS AND LIABILITIES The Company follows the provisions of FASB ASC 820, which defines fair value, establishes a framework for measuring fair value, establishes a fair value hierarchy based on the quality of inputs used to measure fair value, and enhances disclosure requirements for fair value measurements. In accordance with FASB ASC 820, the Company has categorized its assets and liabilities measured at fair value, based on the priority of the inputs to the valuation technique, into a three-level fair value hierarchy. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (level 1) and the lowest priority to unobservable inputs (level 3). The Company's assessment and classification of an investment within a level can change over time based upon maturity or liquidity of the investment and would be reflected at the beginning of the quarter in which the change occurred. As required by FASB ASC 820, when the inputs used to measure fair value fall within different levels of the hierarchy, the level within which the fair value measurement is categorized is based on the lowest level input that is significant to the fair value measurement in its entirety. For example, a level 3 fair value measurement may include inputs that are observable (levels 1 and 2) and unobservable (level 3). Therefore, gains and losses for such assets and liabilities categorized within the level 3 table below may include changes in fair value that are attributable to both observable inputs (levels 1 and 2) and unobservable inputs (level 3). Assets and liabilities measured at fair value, recorded on the consolidated balance sheets, are categorized based on the inputs to the valuation techniques as follows: Level 1. Assets and liabilities whose values are based on unadjusted quoted prices for identical assets or liabilities in an active market that the Company has the ability to access (examples include active exchange-traded equity securities, exchange-traded derivatives, most U.S. Government and agency securities, and certain other sovereign government obligations). Level 2. Assets and liabilities whose values are based on quoted prices in markets that are not active or model inputs that are observable either directly or indirectly for substantially the full term of the asset or liability. Level 2 inputs include the following: a) Quoted prices for similar assets or liabilities in active markets (for example, restricted stock); b) Quoted price for identical or similar assets or liabilities in non-active markets (for example, corporate and municipal bonds, which trade infrequently); c) Pricing models whose inputs are observable for substantially the full term of the asset or liability (examples include most over-the-counter derivatives, including interest rate and currency swaps); and d) Pricing models whose inputs are derived principally from or corroborated by observable market data through correlation or other means for substantially the full term of the asset or liability (examples include certain residential and commercial mortgage-related assets, including loans, securities, and derivatives). Level 3. Assets and liabilities whose values are based on prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement. These inputs reflect management’s own assumptions about the assumptions a market participant would use in pricing the assets or liability (examples include certain private equity investments, and certain residential and commercial mortgage-related assets, including loans, securities, and derivatives). A review of fair value hierarchy classification is conducted on a quarterly basis. Changes in the observability of valuation inputs may result in a reclassification for certain assets or liabilities. Reclassifications impacting level 3 of the fair value hierarchy are reported as transfers in/out of the level 3 category as of the beginning of the quarter in which the reclassifications occur. Equity investments were recorded at cost less impairment plus or minus observable price changes. Commencing in 2020, the Company elected to measure equity investments at fair value on a non-recurring basis. The following tables present the Company’s fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of September 30, 2024 and December 31, 2023. September 30, 2024 (Dollars in thousands) Level 1 Level 2 Level 3 Total Assets Interest-bearing deposits $ — $ 1,250 $ — $ 1,250 Investment securities (1) — 56,754 — 56,754 Equity securities 1,785 — — 1,785 Total $ 1,785 $ 58,004 $ — $ 59,789 (1) Total unrealized gain of $ 1.5 million and unrealized loss of less than $ 1.4 million, net of tax, related to these assets was included in other comprehensive income for the three and nine months ended September 30, 2024 . December 31, 2023 (Dollars in thousands) Level 1 Level 2 Level 3 Total Assets Interest-bearing deposits $ — $ 1,250 $ — $ 1,250 Investment securities (1) — 54,282 — 54,282 Equity securities 1,748 — — 1,748 Total $ 1,748 $ 55,532 $ — $ 57,280 (1) Total unrealized losses of $ 0.3 million, net of tax, related to these assets was included in other comprehensive loss for the year ended December 31, 2023 . The following tables present the Company’s fair value hierarchy for those assets and liabilities measured at fair value on a non-recurring basis as of September 30, 2024 and December 31, 2023. September 30, 2024 (Dollars in thousands) Level 1 Level 2 Level 3 Total Assets Equity investments $ — $ — $ 9,897 $ 9,897 Nonaccrual loans — — 23,985 23,985 Loan collateral in process of foreclosure — — 8,818 8,818 Total $ — $ — $ 42,700 $ 42,700 December 31, 2023 (Dollars in thousands) Level 1 Level 2 Level 3 Total Assets Equity investments $ — $ — $ 11,430 $ 11,430 Nonaccrual loans — — 25,974 25,974 Loan collateral in process of foreclosure — — 11,772 11,772 Total $ — $ — $ 49,176 $ 49,176 Significant Unobservable Inputs ASC Topic 820 requires disclosure of quantitative information about the significant unobservable inputs used in the valuation of assets and liabilities classified as level 3 within the fair value hierarchy. The tables below are not intended to be all-inclusive, but rather to provide information on significant unobservable inputs and valuation techniques used by the Company. The valuation techniques and significant unobservable inputs used in non-recurring level 3 fair value measurements of assets and liabilities as of September 30, 2024 and December 31, 2023. (Dollars in thousands except per share amounts) Fair Value Valuation Techniques Unobservable Inputs Range Equity investments $ 9,624 Investee financial analysis Financial condition and operating performance of the borrower (1) N/A Collateral support N/A 273 Precedent market transaction Offering price $ 8.73 / share Nonaccrual loans 23,985 Market approach Historical and actual loss experience 0.00 % - 58.96 % Transfer prices (2) $ 0.0 - 79.5 Collateral value N/A Loan collateral in process of foreclosure 8,818 Market approach Transfer prices (2) $ 0.0 - 79.5 Collateral value (3) $ 2.3 - $ 49.1 (1) Includes projections based on revenue, EBITDA, leverage, and liquidation amounts. These assumptions are based on a variety of factors, including economic conditions, industry, and market developments, market valuations of comparable companies, and company-specific developments, including exit strategies and realization opportunities. (2) Represents amount net of liquidation costs. (3) Relates to the recreation loan portfolio. (Dollars in thousands except per share amounts) Fair Value Valuation Techniques Unobservable Inputs Range Equity investments $ 11,157 Investee financial analysis Financial condition and operating performance of the borrower (1) N/A Collateral support N/A 273 Precedent market transaction Offering price $ 8.73 / share Nonaccrual loans 25,974 Market approach Historical and actual loss experience 0.00 % - 28.48 % Transfer prices (2) $ 0.0 - $ 79.5 Collateral value N/A Loan collateral in process of foreclosure 11,772 Market approach Transfer prices (2) $ 0.0 - $ 79.5 Collateral value (3) $ 2.3 - $ 45.0 (1) Includes projections based on revenue, EBITDA, leverage, and liquidation amounts. These assumptions are based on a variety of factors, including economic conditions, industry, and market developments, market valuations of comparable companies, and company-specific developments, including exit strategies and realization opportunities. (2) Represents amount net of liquidation costs. (3) Relates to the recreation loan portfolio.

Medallion Bank Preferred Stock

Medallion Bank Preferred Stock (Non-controlling Interest)	9 Months Ended
	Sep. 30, 2024
Medallion Bank Preferred Stock (Non-controlling Interest)	(14) MEDALLION BANK PREFERRED STOCK (Non-controlling interest) On December 17, 2019, the Bank closed an initial public offering of 1,840,000 shares of its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series F, with a $ 46.0 million aggregate liquidation amount, yielding net proceeds of $ 42.5 million, which were recorded in the Bank’s shareholders’ equity. Dividends are payable quarterly from the date of issuance to, but excluding April 1, 2025, at a rate of 8 % per annum, and from and including April 1, 2025, at a floating rate equal to a benchmark rate (which is expected to be the three month Secured Overnight Financing Rate, or SOFR ) plus a spread of 6.46 % per annum. On July 21, 2011, the Bank issued, and the U.S. Treasury purchased , 26,303 shares of Senior Non-Cumulative Perpetual Preferred Stock, Series E for an aggregate purchase price of $ 26.3 million under the Small Business Lending Fund Program, or SBLF, with a liquidation amount of $ 1,000 per share. The SBLF is a voluntary program intended to encourage small business lending by providing capital to qualified smaller banks at favorable rates. The Bank pays a dividend rate of 9 % on the Series E.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2024
Subsequent Events [Abstract]
Subsequent Events	(15) SUBSEQUENT EVENTS The Company has evaluated the effects of events that have occurred subsequent to September 30, 2024 through the date of financial statement issuance for potential recognition or disclosure. As of such date, there were no subsequent events that required recognition or disclosure.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Use of Estimates	Use of Estimates The preparation of the consolidated financial statements in conformity with accounting principles generally accepted in the U.S., or GAAP, requires management to make estimates that affect the amounts reported in the consolidated financial statements and the accompanying notes. Accounting estimates and assumptions are those that management considers to be the most critical to an understanding of the consolidated financial statements because they inherently involve significant judgments and uncertainties. All of these estimates reflect management’s best judgment about current economic and market conditions and their effects based on information available as of the date of these consolidated financial statements. If such conditions change, it is reasonably possible that the judgments and estimates could change, which may result in future impairments of loans and loan collateral in process of foreclosure, goodwill and intangible assets, and investments, among other effects.
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of the Company and all of its wholly-owned and controlled subsidiaries. All significant intercompany transactions, balances, and profits (losses) have been eliminated in consolidation. The consolidated financial statements have been prepared in accordance with GAAP. The Company consolidates all entities it controls through a majority voting interest, a controlling interest through other contractual rights, or as being identified as the primary beneficiary of VIEs. The primary beneficiary is the party who has both (1) the power to direct the activities of a VIE that most significantly impact the entity’s economic performance, and (2) an obligation to absorb losses of the entity or a right to receive benefits from the entity that could potentially be significant to the entity. For consolidated entities that are less than wholly owned, the third-party's holding is recorded as non-controlling interest. The Company’s investment in the Bank is consolidated for financial statement purposes. In the notes to the consolidated financial statements included in its Annual Report on Form 10-K, the Company presents its investment in the Bank.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all highly liquid instruments with an original purchased maturity of three months or less to be cash equivalents. Cash balances are generally held in accounts at large national or regional banking organizations in amounts that exceed the federally insured limits. Cash also includes $ 1.3 million of interest-bearing funds deposited in other banks with original terms of 5 to 6 years that cannot be withdrawn but are salable on an active secondary market without penalty .
Fair Value of Assets and Liabilities	Fair Value of Assets and Liabilities The Company follows the Financial Accounting Standards Board, or FASB, FASB Accounting Standards Codification Topic 820, Fair Value Measurements and Disclosures, or FASB ASC 820, which defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements. FASB ASC 820 defines fair value as an exit price (i.e., a price that would be received to sell, as opposed to acquire, an asset or transfer a liability), and emphasizes that fair value is a market-based measurement. It establishes a fair value hierarchy that distinguishes between assumptions developed based on market data obtained from independent external sources and the reporting entity’s own assumptions. Further, it specifies that fair value measurement should consider adjustment for risk, such as the risk inherent in the valuation technique or its inputs. See also Notes 12 and 13 to the consolidated financial statements.
Equity Investments	Equity Investments The Company follows FASB ASC Topic 321, Investments – Equity Securities, or ASC 321, which requires all applicable investments in equity securities with a readily determinable fair value to be valued as such, and those without a readily determinable fair value, are measured at cost, less any impairment plus or minus any observable price changes. Equity investments of $ 9.9 million and $ 11.4 million at September 30, 2024 and December 31, 2023, comprised mainly of nonmarketable stock and stock warrants, are recorded at cost less any impairment plus or minus observable price changes. Substantially all of these equity investments are held by Medallion Capital, our SBIC subsidiary, in connection with its mezzanine lending business. As of September 30, 2024 , cumulative impairment of $ 4.7 million had been recorded with respect to these investments. During 2021, the Company purchased $ 2.0 million of equity securities with a readily determinable fair value. As a result, all unrealized gains and losses are included in gain (loss) on equity investments. As of September 30, 2024 and December 31, 2023, the fair value of these securities were $ 1.8 million and $ 1.7 million and are included in other assets on the consolidated balance sheet. The following table presents the unrealized portion related to the equity securities held. Three Months Ended September 30, Nine Months Ended September 30, (Dollars in thousands) 2024 2023 2024 2023 Net gains (losses) recognized during the period on equity securities $ 63 $ ( 54 ) $ 37 $ ( 54 ) Less: Net gains (losses) recognized during the period on equity — — — — Unrealized gains (losses) recognized during the reporting period on $ 63 $ ( 54 ) $ 37 $ ( 54 )
Investment Securities	Investment Securities The Company follows FASB ASC Topic 320, Investments – Debt Securities, or ASC 320, which requires that all applicable investments in debt securities be classified as trading securities, available-for-sale securities, or held-to-maturity securities. Investment securities are purchased from time-to-time in the open market at prices that are greater or lesser than the par value of the investment. The resulting premium or discount is deferred and recognized on a level yield basis as an adjustment to the yield of the related investment. The net premium on investment securities totaled $ 0.1 million at both September 30, 2024 and December 31, 2023 , and less than $ 0.1 million was amortized to interest income for each of the three and nine months ended September 30, 2024 and 2023. ASC 320 further requires that held-to-maturity securities be re ported at amortized cost and available-for-sale securities be reported at fair value, with unrealized gains and losses excluded from earnings at the date of the consolidated financial statements, and reported in accumulated other comprehensive income (loss) as a separate component of stockholders’ equity, net of the effect of income taxes, until they are sold. At the time of sale, any gains or losses, calculated by the specific identification method, will be recognized as a component of operating results and any amounts previously included in stockholders’ equity, which were recorded net of the income tax effect, will be reversed. In accordance with ASC 326, we do not maintain an allowance for credit losses for accrued interest receivable.
Loans	Loans The Company’s loans are currently reported at the principal amount outstanding, inclusive of deferred loan acquisition costs, which primarily includes deferred costs paid to loan originators, and which are amortized to interest income over the life of the loan. Loan origination fees and certain direct origination costs are deferred and recognized as an adjustment to the yield of the related loans. At September 30, 2024 and December 31, 2023, net loan origination costs were $ 47.2 million and $ 40.0 million. Net amortization to income was $ 2.3 million and $ 6.6 million for the three and nine months ended September 30, 2024 and was $ 2.2 million and $ 6.5 million for the three and nine months ended September 30, 2023. Interest income is recorded on the accrual basis. Taxi medallion and commercial loans are placed on nonaccrual status, and all uncollected accrued interest is reversed, when there is doubt as to the collectability of interest or principal, or if loans are 90 days or more past due, unless management has determined that they are both well-secured and in the process of collection. Interest income on nonaccrual loans is generally recognized when cash is received unless a determination has been made to apply all cash receipts to principal. The consumer loan portfolio is typified by a larger number of smaller dollar loans that have similar characteristics. A loan is nonperforming when based on current information and events, it is unlikely the Company will be able to collect all amounts due according to the contractual terms of the original loan agreement. Management considers loans that are in bankruptcy status, but have not been charged-off, to be nonperforming. Consumer loans are placed on nonaccrual when they become 90 days past due, or earlier if they enter bankruptcy, and are charged-off in their entirety when deemed uncollectible, or when they become 120 days past due, whichever occurs first, at which time appropriate recovery efforts against both the borrower and the underlying collateral are initiated. For the recreation loan portfolio, the process to repossess the collateral is started at 60 days past due. If the collateral is not located and the account reaches 120 days delinquent, the account is charged-off. If the collateral is repossessed, a loss is recorded by writing the collateral down to its fair value less selling costs, and the collateral is sent to auction. When the collateral is sold, the net auction proceeds are applied to the account, and any remaining balance is written off. Proceeds collected on charged-off accounts are recorded as recoveries. Total loans 90 days or more past due were $ 17.4 million at September 30, 2024, or 0.72 % of the total loan portfolio, compared to $ 16.8 million , or 0.77 % , at December 31, 2023. The Company may modify the contractual cash flow of loans in situations where borrowers are experiencing financial difficulties. The Company strives to identify borrowers in financial difficulty early and work with them to modify their loans to more affordable terms before they reach nonaccrual status. These modified terms may include interest rate reductions, principal forgiveness, term extensions, payment forbearance and other actions intended to minimize the economic loss to the Company and to avoid foreclosure or repossession of the collateral. For modifications where the Company forgives principal, the entire amount of such principal forgiveness is immediately charged off. Modified loans are considered nonperforming loans. Loan collateral in process of foreclosure primarily includes taxi medallion loans that have reached 120 days past due and have been charged down to their net realizable value, in add ition to consumer repossessed collateral in the process of being sold. For New York City taxi medallion loans in the process of foreclosure, the Company continued to utilize a net value of $ 79,500 when assessing net realizable value for these taxi medallion loans, despite fluctuating current transfer prices which may exceed that level from time to time . The "loan collateral in the process of foreclosure" designation reflects that the collection activities on these loans have transitioned from working with the borrower to the liquidation of the collateral securing the loans. The Company accounts for its sales of loans in accordance with FASB Accounting Standards Codification, or ASC, Topic 860, Transfers and Servicing, or FASB ASC 860, which provides accounting and reporting standards for transfers and servicing of financial assets and extinguishments of liabilities. In accordance with FASB ASC 860, the Company had elected the fair value measurement method for its servicing assets and liabilities. The principal portion of loans serviced for others by the Company and its affiliates was $ 14.0 million at both September 30, 2024 and December 31, 2023. The Company has evaluated the servicing aspect of its business in accordance with FASB ASC 860 and determined that no material servicing asset or liability existed as of September 30, 2024 and December 31, 2023 .
Allowance for Credit Losses	Allowance for Credit Losses On January 1, 2023, the Company adopted Accounting Standards Update 2016-13, "Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments", or ASC 326, which replaced the incurred loss methodology that delayed recognition until it was probable a loss had been incurred with a lifetime expected loss methodology using "reasonable and supportable" expectations about the future, referred to as the current expected credit loss, or CECL, methodology. For consumer loans, the Company uses historical delinquent loan performance and actual loss rates modified by quantitative adjustments based on macroeconomic factors over a twelve-month reasonable and supportable forecast period. For commercial loans, the Company assesses the historical impact that macroeconomic indicators have had on the loan portfolio, to determine an approximate allowance for credit loss. Unlike consumer loans, where loans may have similar performing characteristics, each commercial loan is unique. The Company evaluates each commercial loan for specific impairment with additional allowance for credit losses recognized as necessary. For taxi medallion loans, the Company maintains specific reserves adjusting the carrying amount of loans down to net collateral value. The allowance is evaluated on a quarterly basis by management based on the collectability of the loans in light of historical experience, the nature and size of the loan portfolio, adverse situations that may affect the borrowers' ability to repay, estimated value of any underlying collateral, prevailing economic conditions, and excess concentration risks. This evaluation is inherently subjective, as it requires estimates, including those based on changes in economic conditions, that are susceptible to significant revision as more information becomes available. Credit losses are deducted from the allowance, and subsequent recoveries are added back to the allowance. The Company adopted ASC 326 using the modified retrospective method for all financial assets measured at amortized cost and off-balance-sheet credit exposures. Results for reporting periods beginning after December 15, 2022 are presented under ASC 326. The transition to the CECL methodology on January 1, 2023 resulted in an increase of $ 13.7 million to the Company's allowance for credit losses on loans, or ACL, and a net-of-tax cumulative-effect adjustment of $ 9.9 million to the beginning balance of retained earnings. The CECL methodology transition effects on the allowance for credit losses are presented in the following table: (Dollars in thousands) December 31, 2022 Effect of ASC 326 January 1, 2023 Assets: Loans: Recreation $ 41,966 $ 10,037 $ 52,003 Home improvement 11,340 1,518 12,858 Commercial 1,049 2,157 3,206 Taxi medallion 9,490 — 9,490 Strategic partnership — — — Allowance for credit losses on loans $ 63,845 $ 13,712 $ 77,557
Goodwill and Intangible Assets	Goodwill and Intangible Assets The Company’s goodwill and intangible assets arose as a result of the excess of fair value over book value for several of the Company’s previously unconsolidated portfolio investment companies as of April 2, 2018. This fair value was brought forward under the Company’s new reporting and was subject to a purchase price accounting allocation process conducted by an independent third- party expert to arrive at the current categories and amounts. Goodwill is not amortized, but is subject to quarterly review by management to determine whether additional impairment testing is needed, and such testing is performed at least on an annual basis. Intangible assets are amortized over their useful life of approximately 20 years. As of September 30, 2024 and December 31, 2023, the Company had goodwill of $ 150.8 million , all of which related to the Bank. As of September 30, 2024 and December 31, 2023, the Company had intangible assets of $ 19.5 million and $ 20.6 million . Amortization expense on the intangible assets for the three and nine months ended September 30, 2024 and 2023 was $ 0.4 million and $ 1.1 million. Management performed a qualitative assessment of goodwill and intangibles for impairment at December 31, 2023 , concluding that there was no impairment of these assets. The following table details the intangible assets as of the dates presented: (Dollars in thousands) September 30, 2024 December 31, 2023 Brand-related intellectual property $ 14,850 $ 15,675 Home improvement contractor relationships 4,658 4,916 Total intangible assets $ 19,508 $ 20,591
Fixed Assets	Fixed Assets Fixed assets are carried at cost less accumulated depreciation and amortization, and are depreciated on a straight-line basis over their estimated useful lives of 3 to 10 years . Leasehold improvements are amortized on a straight-line basis over the shorter of the lease term or the estimated economic useful life of the improvement. Depreciation and amortization expense was $ 0.1 million and $ 0.3 million for the three and nine months ended September 30, 2024 and the three and nine months ended September 30, 2023 .
Deferred Costs	Deferred Costs Deferred financing costs represent costs associated with obtaining the Company’s borrowing facilities, and are amortized on a straight-line basis over the lives of the related financing agreements and life of the respective pool. Amortization expense, included as Interest expense in the Consolidated Statements of Operations, was $ 1.2 million and $ 3.0 million for the three and nine months ended September 30, 2024 and was $ 0.8 million and $ 2.3 million for the three and nine months ended September 30, 2023. In addition, the Company capitalizes certain costs for transactions in the process of completion (other than business combinations), including those for potential investments, and the sourcing of other financing alternatives. Upon completion or termination of the transaction, any accumulated amounts will be amortized against income over an appropriate period, or written off. The amount on the Company’s balance sheet for all of these purposes were $ 8.4 million and $ 8.5 million as of September 30, 2024 and December 31, 2023 .
Income Taxes	Income Taxes Income taxes are accounted for using the asset and liability approach in accordance with FASB ASC Topic 740, Income Taxes, or ASC 740. Deferred tax assets and liabilities reflect the impact of temporary differences between the carrying amount of assets and liabilities and their tax basis and are stated at tax rates expected to be in effect when taxes are actually paid or recovered. Deferred tax assets are also recorded for net operating losses, capital losses and any tax credit carryforwards. A valuation allowance is provided against a deferred tax asset when it is more likely than not that some or all of the deferred tax assets will not be realized. All available evidence, both positive and negative, is considered to determine whether a valuation allowance for deferred tax assets is needed. Items considered in determining the Company’s valuation allowance include expectations of future earnings of the appropriate tax character, recent historical financial results, tax planning strategies, the length of statutory carryforward periods and the expected timing of the reversal of temporary differences. The Company recognizes tax benefits of uncertain tax positions only when the position is more likely than not to be sustained assuming examination by tax authorities. The Company records income tax related interest and penalties, if applicable, within current income tax expense.
Earnings Per Share (EPS)	Earnings Per Share (EPS) Basic earnings per share are computed by dividing net income resulting from operations available to common stockholders by the weighted average number of common shares outstanding for the period. Diluted earnings per share reflect the potential dilution that could occur if option contracts to issue common stock were exercised, or if restricted stock vests, and has been computed after considering the weighted average dilutive effect of the Company’s stock options and restricted stock. The Company uses the treasury stock method to calculate diluted EPS, which is a method of recognizing the use of proceeds that could be obtained upon exercise of options and warrants, including unvested compensation expense related to the shares, in computing diluted EPS. It assumes that any proceeds would be used to purchase common stock at the average market price during the period. The table below presents the calculation of basic and diluted EPS. Three Months Ended September 30, Nine Months Ended September 30, (Dollars in thousands, except share and per share data) 2024 2023 2024 2023 Net income attributable to common stockholders $ 8,611 $ 11,230 $ 25,736 $ 40,761 Weighted average common shares outstanding applicable to basic EPS 22,490,792 22,596,982 22,576,446 22,469,968 Effect of restricted stock grants 440,704 481,197 485,179 413,682 Effect of dilutive stock options 166,268 183,274 194,800 125,319 Effect of performance stock unit grants 350,165 131,448 298,640 58,975 Adjusted weighted average common shares outstanding applicable to diluted EPS 23,447,929 23,392,901 23,555,065 23,067,944 Basic net income per share $ 0.38 $ 0.50 $ 1.14 $ 1.81 Diluted net income per share 0.37 0.48 1.09 1.77 Potentially dilutive common shares excluded from the above calculations aggregated 9,000 shares as of both September 30, 2024 and 2023 .
Stock Compensation	Stock Compensation The Company follows FASB ASC Topic 718, or ASC 718, Compensation – Stock Compensation, for its equity incentive, stock option, and restricted stock plans, and accordingly, the Company recognizes the expense of these grants as required. Stock-based employee compensation costs pertaining to stock options are reflected in net income resulting from operations for any new grants using the fair values established by usage of the Black-Scholes option pricing model, expensed over the vesting period of the underlying option. Stock-based employee compensation costs pertaining to restricted stock are reflected in net income resulting from operations for any new grants using the grant date fair value of the shares granted, expensed over the vesting period of the underlying stock. During the nine months ended September 30, 2024 and 2023 , the Company issued 296,178 and 316,483 restricted shares of stock-based compensation awards, 215,687 and 296,444 performance stock units, and 92,350 and 83,158 restricted stock units. The Company recognized $ 1.5 million and $ 4.6 million , or $ 0.06 and $ 0.20 per common share, for the three and nine months ended September 30, 2024 , and $ 1.2 million, and $ 3.5 million or $ 0.05 and $ 0.15 per share per common share for the three and nine months ended September 30, 2023, of non-cash stock-based compensation expense related to the grants. As of September 30, 2024 , the total remaining unrecognized compensation cost related to unvested stock options, restricted stock, restricted stock units, and performance share units was $ 6.8 million, which is expected to be recognized over the next 10 quarters.
Regulatory Capital	Regulatory Capital The Bank is subject to various regulatory capital requirements administered by the FDIC and the Utah Department of Financial Institutions. Failure to meet minimum capital requirements can initiate certain mandatory and possible additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Bank’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of the Bank’s assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. The Bank’s capital amounts and classifications are also subject to qualitative judgments by the bank regulators about components, risk weightings, and other factors. FDIC-insured banks, including the Bank, are subject to certain federal laws, which impose various legal limitations on the extent to which banks may finance or otherwise supply funds to certain of their affiliates. In particular, the Bank is subject to certain restrictions on any extensions of credit to, or other covered transactions with, such as certain purchases of assets, the Company or its affiliates. Quantitative measures established by regulation to ensure capital adequacy require the Bank to maintain minimum amounts and ratios as defined in the regulations (set forth in the table belo w). Additionally, as conditions of granting the Bank’s application for federal deposit insurance, the FDIC ordered that the Tier 1 leverage capital to total assets ratio, as defined, be not less than 15 %, a level which could affect the Bank's ability to pay dividends to the Company, and that an adequate allowance for credit losses be maintained. As of September 30, 2024, the Bank’s Tier 1 leverage ratio was 15.7 % . The Bank’s actual capital amounts and ratios and the regulatory minimum ratios are presented in the following table. Regulatory (Dollars in thousands) Minimum Well-Capitalized September 30, 2024 December 31, 2023 Common equity tier 1 capital $ 314,153 $ 293,774 Tier 1 capital 382,940 362,561 Total capital 413,973 390,153 Average assets 2,444,674 2,232,816 Risk-weighted assets 2,422,854 2,155,641 Leverage ratio (1) 4.0 % 5.0 % 15.7 % 16.2 % Common equity tier 1 capital ratio (2) 7.0 6.5 13.0 13.6 Tier 1 capital ratio (3) 8.5 8.0 15.8 16.8 Total capital ratio (3) 10.5 10.0 17.1 18.1 (1) Calculated by dividing Tier 1 capital by average assets. (2) Calculated by subtracting preferred stock or non-controlling interest from Tier 1 capital and dividing by risk-weighted assets. (3) Calculated by dividing Tier 1 or total capital by risk-weighted assets. In the table above, the minimum risk-based ratios as of September 30, 2024 and December 31, 2023 reflect the capital conservation buffer of 2.5 %. The minimum regulatory requirements, inclusive of the capital conservation buffer, were the binding requirements for the risk-based requirements, and the “well-capitalized” requirements were the binding requirements for Tier 1 leverage capital as of both September 30, 2024 and December 31, 2023 .
Recently Issued and Adopted Accounting Standards	Recently Issued and Adopted Accounting Standards In October 2023, the FASB issued ASU 2023-06, Disclosure Improvements. The amendments in this update seek to clarify or improve disclosure and presentation requirements. The amendments in this update will be effective on the date on which the SEC’s removal of related disclosures from Regulation S-X or Regulation S-K become effective, with early adoption prohibited. In November 2023, the FASB issued ASU 2023-07, Segment Reporting, or Topic 280: Improvements to Reportable Segment Disclosures. The main objective of this update is to improve financial reporting disclosure of incremental segment information on an annual and interim basis for all public entities to enable investors to develop more decision-useful financial analyses. The amendments in this update are effective for fiscal years beginning after December 15, 2023 and to be included in interim periods beginning after December 15, 2024. The Company is assessing the impact of the update on the accompanying financial statements. In December 2023, the FASB issued ASU 2023-09, Income Taxes, or Topic 740: Improvements to Income Tax Disclosures. The main objective of this update is to provide transparency about income tax information through improvements to income tax disclosures primarily related to the rate reconciliation and income taxes paid information. The amendments in this update are effective for the annual periods beginning after December 15, 2024. The Company is assessing the impact of the update on the accompanying financial statements.
Reclassifications	Reclassifications Certain reclassifications have been made to prior year balances to conform with the current year presentation. These reclassifications have no effect on the previously reported results of operations.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Summary of Unrealized Portion Related to Equity Securities	The following table presents the unrealized portion related to the equity securities held. Three Months Ended September 30, Nine Months Ended September 30, (Dollars in thousands) 2024 2023 2024 2023 Net gains (losses) recognized during the period on equity securities $ 63 $ ( 54 ) $ 37 $ ( 54 ) Less: Net gains (losses) recognized during the period on equity — — — — Unrealized gains (losses) recognized during the reporting period on $ 63 $ ( 54 ) $ 37 $ ( 54 )
Summary of Finalized Adoption Related to Allowance for Credit Losses on Loans	The CECL methodology transition effects on the allowance for credit losses are presented in the following table: (Dollars in thousands) December 31, 2022 Effect of ASC 326 January 1, 2023 Assets: Loans: Recreation $ 41,966 $ 10,037 $ 52,003 Home improvement 11,340 1,518 12,858 Commercial 1,049 2,157 3,206 Taxi medallion 9,490 — 9,490 Strategic partnership — — — Allowance for credit losses on loans $ 63,845 $ 13,712 $ 77,557
Schedule of Intangible Assets	The following table details the intangible assets as of the dates presented: (Dollars in thousands) September 30, 2024 December 31, 2023 Brand-related intellectual property $ 14,850 $ 15,675 Home improvement contractor relationships 4,658 4,916 Total intangible assets $ 19,508 $ 20,591
Summary of the Calculation of Basic and Diluted EPS	The table below presents the calculation of basic and diluted EPS. Three Months Ended September 30, Nine Months Ended September 30, (Dollars in thousands, except share and per share data) 2024 2023 2024 2023 Net income attributable to common stockholders $ 8,611 $ 11,230 $ 25,736 $ 40,761 Weighted average common shares outstanding applicable to basic EPS 22,490,792 22,596,982 22,576,446 22,469,968 Effect of restricted stock grants 440,704 481,197 485,179 413,682 Effect of dilutive stock options 166,268 183,274 194,800 125,319 Effect of performance stock unit grants 350,165 131,448 298,640 58,975 Adjusted weighted average common shares outstanding applicable to diluted EPS 23,447,929 23,392,901 23,555,065 23,067,944 Basic net income per share $ 0.38 $ 0.50 $ 1.14 $ 1.81 Diluted net income per share 0.37 0.48 1.09 1.77
Summary of Bank's Actual Capital Amounts and Ratios, and the Regulatory Minimum Ratios	The Bank’s actual capital amounts and ratios and the regulatory minimum ratios are presented in the following table. Regulatory (Dollars in thousands) Minimum Well-Capitalized September 30, 2024 December 31, 2023 Common equity tier 1 capital $ 314,153 $ 293,774 Tier 1 capital 382,940 362,561 Total capital 413,973 390,153 Average assets 2,444,674 2,232,816 Risk-weighted assets 2,422,854 2,155,641 Leverage ratio (1) 4.0 % 5.0 % 15.7 % 16.2 % Common equity tier 1 capital ratio (2) 7.0 6.5 13.0 13.6 Tier 1 capital ratio (3) 8.5 8.0 15.8 16.8 Total capital ratio (3) 10.5 10.0 17.1 18.1 (1) Calculated by dividing Tier 1 capital by average assets. (2) Calculated by subtracting preferred stock or non-controlling interest from Tier 1 capital and dividing by risk-weighted assets. (3) Calculated by dividing Tier 1 or total capital by risk-weighted assets.

Investment Securities (Tables)

Investment Securities (Tables)	9 Months Ended
	Sep. 30, 2024
Schedule of Investments [Abstract]
Summary of Fixed Maturity Securities Available for Sale	The following tables present details of fixed maturity securities available for sale as of September 30, 2024 and December 31, 2023: September 30, 2024 (Dollars in thousands) Amortized Gross Gross Fair Mortgage-backed securities, principally obligations of U.S. federal agencies $ 42,479 $ 63 $ ( 3,448 ) $ 39,094 State and municipalities 16,373 117 ( 1,004 ) 15,486 Agency bonds 2,181 1 ( 8 ) 2,174 Total $ 61,033 $ 181 $ ( 4,460 ) $ 56,754 December 31, 2023 (Dollars in thousands) Amortized Gross Gross Fair Mortgage-backed securities, principally obligations of U.S. federal agencies $ 44,653 $ — $ ( 4,791 ) $ 39,862 State and municipalities 13,733 21 ( 1,501 ) 12,253 Agency bonds 2,187 — ( 20 ) 2,167 Total $ 60,573 $ 21 $ ( 6,312 ) $ 54,282
Summary of Amortized Cost and Estimated Market Value of Investment Securities by Contractual Maturity	The amortized cost and estimated market value of investment securities at September 30, 2024 by contractual maturity are presented below. Actual maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. September 30, 2024 (Dollars in thousands) Amortized Fair Due in one year or less $ 2,992 $ 2,964 Due after one year through five years 2,758 2,660 Due after five years through ten years 11,639 10,813 Due after ten years 43,644 40,317 Total $ 61,033 $ 56,754
Summary of Securities with Gross Unrealized Losses	The following tables present information pertaining to securities with gross unrealized losses at September 30, 2024 and December 31, 2023, aggregated by investment category and length of time that individual securities have been in a continuous loss position. Less than Twelve Months Twelve Months and Over September 30, 2024 (Dollars in thousands) Gross Fair Gross Fair Mortgage-backed securities, principally obligations of U.S. federal agencies $ — $ — $ ( 3,448 ) $ 31,359 State and municipalities ( 94 ) 3,106 ( 910 ) 10,280 Agency bonds — — ( 8 ) 176 Total $ ( 94 ) $ 3,106 $ ( 4,366 ) $ 41,815 Less than Twelve Months Twelve Months and Over December 31, 2023 (Dollars in thousands) Gross Fair Gross Fair Mortgage-backed securities, principally obligations of U.S. federal agencies $ ( 78 ) $ 5,797 $ ( 4,714 ) $ 33,971 State and municipalities ( 204 ) 4,839 ( 1,296 ) 7,371 Agency bonds — — ( 20 ) 2,167 Total $ ( 282 ) $ 10,636 $ ( 6,030 ) $ 43,509

Loans and Allowance for Credi_2

Loans and Allowance for Credit Losses (Tables)	9 Months Ended
	Sep. 30, 2024
Text Block [Abstract]
Summary of Inclusive Capitalized Loans	The following table presents the major classification of loans, inclusive of capitalized loan origination costs, as of September 30, 2024 and December 31, 2023. September 30, 2024 December 31, 2023 (Dollars in thousands) Amount As a Amount As a Recreation $ 1,554,629 63 % $ 1,336,226 60 % Home improvement 814,071 33 760,617 34 Commercial 110,143 4 114,827 5 Taxi medallion 3,243 * 3,663 * Strategic partnership 3,193 * 553 * Total gross loans 2,485,279 100 % 2,215,886 100 % Allowance for credit losses ( 96,518 ) ( 84,235 ) Total net loans $ 2,388,761 $ 2,131,651 (*) Less than 1%.
Schedule of Activity of Gross Loans	The following tables present the activity of the gross loans for the three and nine months ended September 30, 2024 and 2023. Three Months Ended September 30, 2024 (Dollars in thousands) Recreation Home Commercial Taxi Strategic Total Gross loans – June 30, 2024 $ 1,497,428 $ 773,184 $ 110,197 $ 3,482 $ 1,299 $ 2,385,590 Loan originations 139,105 96,545 — — 39,918 275,568 Principal receipts, sales, and maturities ( 61,563 ) ( 51,409 ) ( 713 ) ( 239 ) ( 38,024 ) ( 151,948 ) Charge-offs ( 16,242 ) ( 4,258 ) — — — ( 20,500 ) Transfer to loan collateral in process of foreclosure, net ( 6,609 ) — — — — ( 6,609 ) Amortization of origination fees and costs, net ( 3,549 ) 1,206 13 — — ( 2,330 ) Origination fees and costs, net 6,059 ( 1,197 ) ( 1 ) — — 4,861 Paid-in-kind interest — — 647 — — 647 Gross loans – September 30, 2024 $ 1,554,629 $ 814,071 $ 110,143 $ 3,243 $ 3,193 $ 2,485,279 Nine Months Ended September 30, 2024 (Dollars in thousands) Recreation Home Commercial Medallion Strategic Total Gross loans – December 31, 2023 $ 1,336,226 $ 760,617 $ 114,827 $ 3,663 $ 553 $ 2,215,886 Loan originations 454,433 216,111 7,000 250 79,952 757,746 Principal receipts, sales, and maturities ( 177,152 ) ( 148,818 ) ( 13,546 ) ( 670 ) ( 77,312 ) ( 417,498 ) Charge-offs ( 48,970 ) ( 13,219 ) — — — ( 62,189 ) Transfer to loan collateral in process of foreclosure, net ( 17,703 ) — — — — ( 17,703 ) Amortization of origination fees and costs, net ( 9,715 ) 3,057 30 — — ( 6,628 ) Origination fees and costs, net 17,510 ( 3,677 ) ( 78 ) — — 13,755 Paid-in-kind interest — — 1,910 — — 1,910 Gross loans – September 30, 2024 $ 1,554,629 $ 814,071 $ 110,143 $ 3,243 $ 3,193 $ 2,485,279 Three Months Ended September 30, 2023 (Dollars in thousands) Recreation Home Commercial Taxi Strategic Total Gross loans – June 30, 2023 $ 1,331,114 $ 728,468 $ 92,637 $ 3,448 $ 1,331 $ 2,156,998 Loan originations 92,603 79,333 8,900 100 36,457 217,393 Principal receipts, sales, and maturities ( 61,885 ) ( 53,095 ) ( 1,657 ) ( 281 ) ( 35,947 ) ( 152,865 ) Charge-offs ( 11,684 ) ( 3,890 ) — — — ( 15,574 ) Transfer to loan collateral in process of foreclosure, net ( 4,730 ) — — — — ( 4,730 ) Amortization of origination fees and costs, net ( 3,259 ) 647 — — — ( 2,612 ) Origination fees and costs, net 4,281 ( 955 ) — 660 — 3,986 Paid-in-kind interest — — 442 — — 442 Gross loans – September 30, 2023 $ 1,346,440 $ 750,508 $ 100,322 $ 3,927 $ 1,841 $ 2,203,038 Nine Months Ended September 30, 2023 (Dollars in thousands) Recreation Home Commercial Medallion Strategic Total Gross loans – December 31, 2022 $ 1,183,512 $ 626,399 $ 92,899 $ 13,571 $ 572 $ 1,916,953 Loan originations 384,291 291,349 16,650 2,023 96,637 790,950 Principal receipts, sales, and maturities ( 181,565 ) ( 158,300 ) ( 9,413 ) ( 6,207 ) ( 95,368 ) ( 450,853 ) Charge-offs ( 33,440 ) ( 8,379 ) ( 900 ) ( 3,814 ) — ( 46,533 ) Transfer to loan collateral in process of foreclosure, net ( 13,078 ) — — ( 2,306 ) — ( 15,384 ) Amortization of origination fees and costs, net ( 9,177 ) 1,898 — — — ( 7,279 ) Origination fees and costs, net 15,897 ( 2,459 ) — 660 — 14,098 Paid-in-kind interest — — 1,086 — — 1,086 Gross loans – September 30, 2023 $ 1,346,440 $ 750,508 $ 100,322 $ 3,927 $ 1,841 $ 2,203,038
Summary of Activity in Allowance for Loan Losses	The following table presents the activity in the allowance for credit losses for the three and nine months ended September 30, 2024 and 2023. Three Months Ended September 30, Nine Months Ended September 30, (Dollars in thousands) 2024 2023 2024 2023 Allowance for credit losses – beginning balance $ 89,788 $ 74,971 $ 84,235 (1) $ 63,845 CECL transition amount upon ASU 2016-13 adoption — — — 13,712 Charge-offs Recreation ( 16,242 ) ( 11,684 ) ( 48,970 ) ( 33,440 ) Home improvement ( 4,258 ) ( 3,890 ) ( 13,219 ) ( 8,379 ) Commercial — — — ( 900 ) Taxi medallion — — — ( 3,814 ) Total charge-offs ( 20,500 ) ( 15,574 ) ( 62,189 ) ( 46,533 ) Recoveries Recreation 3,991 2,651 11,501 8,705 Home improvement 745 882 2,899 2,141 Commercial — — 20 10 Taxi medallion 2,343 1,671 4,123 10,208 Total recoveries 7,079 5,204 18,543 21,064 Net charge-offs (2) ( 13,421 ) ( 10,370 ) ( 43,646 ) ( 25,469 ) Provision for credit losses 20,151 14,532 55,929 27,045 Allowance for credit losses – ending balance (3) $ 96,518 $ 79,133 $ 96,518 $ 79,133 (1) 2023 beginning balance represents allowance prior to the adoption of ASU 2016-13. (2) As of September 30, 2024, cumulative net charge-offs of loans and loan collateral in process of foreclosure in the taxi medallion loan portfolio were $ 166.2 million , including $ 99.2 million related to loans secured by New York City taxi medallions, some of which may represent collection opportunities for the Company. (3) As of September 30, 2024 and 2023 , there were no allowance for credit losses and net charge-offs related to the strategic partnership loans.
Summary of Gross Charge Offs	The following tables present the gross charge-offs for the three and nine months ended September 30, 2024, by the year of origination: Three Months Ended September 30, 2024 (Dollars in thousands) 2024 2023 2022 2021 2020 Prior Total Recreation $ 921 $ 4,717 $ 5,167 $ 2,354 $ 956 $ 2,127 $ 16,242 Home improvement 148 1,275 1,583 787 209 256 4,258 Commercial — — — — — — — Taxi medallion — — — — — — — Total $ 1,069 $ 5,992 $ 6,750 $ 3,141 $ 1,165 $ 2,383 $ 20,500 Nine Months Ended September 30, 2024 (Dollars in thousands) 2024 2023 2022 2021 2020 Prior Total Recreation $ 1,020 $ 12,579 $ 17,034 $ 7,841 $ 3,231 $ 7,265 $ 48,970 Home improvement 188 4,307 4,857 2,457 615 795 13,219 Commercial — — — — — — — Taxi medallion — — — — — — — Total $ 1,208 $ 16,886 $ 21,891 $ 10,298 $ 3,846 $ 8,060 $ 62,189 The following tables present the gross charge-offs for the three and nine months ended September 30, 2023, by the year of origination: Three Months Ended September 30, 2023 (Dollars in thousands) 2023 2022 2021 2020 2019 Prior Total Recreation $ 890 $ 4,587 $ 2,250 $ 1,175 $ 1,273 $ 1,509 $ 11,684 Home improvement 964 1,783 733 158 106 146 3,890 Commercial — — — — — — — Taxi medallion — — — — — — — Total $ 1,854 $ 6,370 $ 2,983 $ 1,333 $ 1,379 $ 1,655 $ 15,574 Nine Months Ended September 30, 2023 (Dollars in thousands) 2023 2022 2021 2020 2019 Prior Total Recreation $ 934 $ 11,763 $ 7,664 $ 3,631 $ 3,745 $ 5,703 $ 33,440 Home improvement 1,003 4,235 1,834 459 328 520 8,379 Commercial — — — — 900 — 900 Taxi medallion — — — — — 3,814 3,814 Total $ 1,937 $ 15,998 $ 9,498 $ 4,090 $ 4,973 $ 10,037 $ 46,533
Summary of Allowance for Loan Losses by Type	The following tables present the allowance for credit losses by type as of September 30, 2024 and December 31, 2023. September 30, 2024 (Dollars in thousands) Amount Percentage (1) Allowance as Allowance as Recreation $ 70,383 73 % 4.53 % 293.45 % Home improvement 19,731 21 2.42 82.26 Commercial 5,114 5 4.64 21.32 Taxi medallion 1,290 1 39.78 5.38 Total $ 96,518 100 % 3.88 % 402.41 % (1) Percentages may not foot due to rounding. December 31, 2023 (Dollars in thousands) Amount Percentage (1) Allowance as Allowance as Recreation $ 57,532 68 % 4.31 % 221.50 % Home improvement 21,019 25 2.76 80.92 Commercial 4,148 5 3.61 15.97 Taxi medallion 1,536 2 41.93 5.91 Total $ 84,235 100 % 3.80 % 324.31 % (1) Percentages may not foot due to rounding.
Summary of Total Nonaccrual Loans and Foregone Interest	The following table presents total nonaccrual loans and foregone interest. The fluctuation in nonaccrual interest foregone is due to past due loans and market conditions. (Dollars in thousands) September 30, 2024 December 31, 2023 Total nonaccrual loans $ 23,985 $ 25,974 Interest foregone quarter to date 419 417 Amount of foregone interest applied to principal in the quarter 70 59 Interest foregone year to date 983 928 Amount of foregone interest applied to principal for the year 199 238 Interest foregone life-to-date 3,483 2,119 Amount of foregone interest applied to principal life-to-date 880 822 Percentage of nonaccrual loans to gross loan portfolio 1.0 % 1.2 % Percentage of allowance for credit losses to nonaccrual loans 402.4 % 324.3 %
Summary of Performance Status of Loan	The following tables present the performance status of loans as of September 30, 2024 and December 31, 2023. September 30, 2024 (Dollars in thousands) Performing Nonperforming Total Percentage of Recreation $ 1,546,412 $ 8,217 $ 1,554,629 0.53 % Home improvement 812,509 1,562 814,071 0.19 Commercial 99,180 10,963 110,143 9.95 Taxi medallion — 3,243 3,243 100.00 Strategic partnership 3,193 — 3,193 — Total $ 2,461,294 $ 23,985 $ 2,485,279 0.97 % December 31, 2023 (Dollars in thousands) Performing Nonperforming Total Percentage of Recreation $ 1,326,567 $ 9,659 $ 1,336,226 0.72 % Home improvement 759,128 1,489 760,617 0.20 Commercial 103,664 11,163 114,827 9.72 Taxi medallion — 3,663 3,663 100.00 Strategic partnership 553 — 553 — Total $ 2,189,912 $ 25,974 $ 2,215,886 1.17 %
Summary of Aging of Loans	The following tables present the aging of all loans as of September 30, 2024 and December 31, 2023. September 30, 2024 Days Past Due Recorded (Dollars in thousands) 30-59 60-89 90 + Total Current Total (1) Accruing Recreation $ 41,431 $ 15,657 $ 7,475 $ 64,563 $ 1,438,636 $ 1,503,199 $ — Home improvement 4,742 2,000 1,564 8,306 809,838 818,144 — Commercial — — 8,396 8,396 101,950 110,346 — Taxi medallion 148 200 — 348 2,895 3,243 — Strategic partnership — — — — 3,193 3,193 — Total $ 46,321 $ 17,857 $ 17,435 $ 81,613 $ 2,356,512 $ 2,438,125 $ — (1) Excludes $ 47.2 million of capitalized loan origination costs. December 31, 2023 Days Past Due Recorded (Dollars in thousands) 30-59 60-89 90 + Total Current Total (1) Accruing Recreation $ 40,282 $ 15,039 $ 9,095 $ 64,416 $ 1,228,175 $ 1,292,591 $ — Home improvement 3,936 2,562 1,502 8,000 756,069 764,069 — Commercial — 2,156 6,240 8,396 107,140 115,536 — Taxi medallion 201 — — 201 3,462 3,663 — Strategic partnership — — — — 553 553 — Total $ 44,419 $ 19,757 $ 16,837 $ 81,013 $ 2,095,399 $ 2,176,412 $ — Excludes $ 40.0 million of capitalized loan origination costs.
Summary of Activities of the Loan Collateral Process of Foreclosure Related to Recreation and Medallion Loans	The following tables present the activity of loan collateral in process of foreclosure, which relate only to the recreation and taxi medallion loans, for the three and nine months ended September 30, 2024. Three Months Ended September 30, 2024 (Dollars in thousands) Recreation Taxi Total Loan collateral in process of foreclosure – June 30, 2024 $ 1,441 $ 7,918 $ 9,359 Transfer from loans, net 6,609 — 6,609 Sales — — — Cash payments received ( 2,059 ) ( 1,007 ) ( 3,066 ) Collateral valuation adjustments (1) ( 4,064 ) ( 20 ) ( 4,084 ) Loan collateral in process of foreclosure – September 30, 2024 $ 1,927 $ 6,891 $ 8,818 Nine Months Ended September 30, 2024 (Dollars in thousands) Recreation Taxi Total Loan collateral in process of foreclosure – December 31, 2023 $ 1,779 $ 9,993 $ 11,772 Transfer from loans, net 17,703 — 17,703 Sales — ( 39 ) ( 39 ) Cash payments received ( 6,731 ) ( 3,161 ) ( 9,892 ) Collateral valuation adjustments (1) ( 10,824 ) 98 ( 10,726 ) Loan collateral in process of foreclosure – September 30, 2024 $ 1,927 $ 6,891 $ 8,818 (1) Collateral valuation adjustments for recreational loans are generally the result of the liquidation of collateral through a repossession process. Due to the short-term nature of the liquidation process, collateral valuation adjustments on recreational loans are recorded as charge-offs to the allowance for credit losses on loans as this is an adjustment to the initial estimate on the fair value, less estimated costs to sell that was initially estimated in the preliminary charge off and amount transferred to collateral in the process of foreclosure. The following tables present the activity of loan collateral in process of foreclosure, which relate only to the recreation and taxi medallion loans, for the three and nine months ended September 30, 2023. Three Months Ended September 30, 2023 (Dollars in thousands) Recreation Taxi Total Loan collateral in process of foreclosure – June 30, 2023 $ 729 $ 16,074 $ 16,803 Transfer from loans, net 4,730 — 4,730 Sales ( 1,080 ) ( 117 ) ( 1,197 ) Cash payments received ( 163 ) ( 1,939 ) ( 2,102 ) Collateral valuation adjustments (1) ( 2,281 ) ( 30 ) ( 2,311 ) Loan collateral in process of foreclosure – September 30, 2023 $ 1,935 $ 13,988 $ 15,923 Nine Months Ended September 30, 2023 (Dollars in thousands) Recreation Taxi Total Loan collateral in process of foreclosure – December 31, 2022 $ 1,376 $ 20,443 $ 21,819 Transfer from loans, net 13,078 2,306 15,384 Sales ( 5,858 ) ( 685 ) ( 6,543 ) Cash payments received ( 291 ) ( 7,773 ) ( 8,064 ) Collateral valuation adjustments (1) ( 6,370 ) ( 303 ) ( 6,673 ) Loan collateral in process of foreclosure – September 30, 2023 $ 1,935 $ 13,988 $ 15,923 (1) Collateral valuation adjustments for recreational loans are generally the result of the liquidation of collateral through a repossession process. Due to the short-term nature of the liquidation process, collateral valuation adjustments on recreational loans are recorded as charge-offs to the allowance for credit losses on loans as this is an adjustment to the initial estimate on the fair value, less estimated costs to sell that was initially estimated in the preliminary charge off and amount transferred to collateral in the process of foreclosure.

Funds Borrowed (Tables)

Funds Borrowed (Tables)	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Schedule of Outstanding Balances of Funds Borrowed	The following table presents outstanding balances of funds borrowed. Payments Due for the Twelve Months Ending September 30, (Dollars in thousands) 2025 2026 2027 2028 2029 Thereafter September 30, 2024 (1) December 31, 2023 (1) Interest (2) Deposits (3) $ 957,570 $ 387,112 $ 434,280 $ 141,074 $ 190,567 $ — $ 2,110,603 $ 1,869,439 3.68 % Retail and privately placed notes — 31,250 53,750 39,000 — 22,500 146,500 139,500 8.12 SBA debentures and borrowings 14,000 14,000 2,000 1,250 1,250 37,750 70,250 75,250 3.53 Trust preferred securities — — — — — 33,000 33,000 33,000 7.38 Federal reserve and other borrowings 35,000 — — — — — 35,000 — 5.00 Total $ 1,006,570 $ 432,362 $ 490,030 $ 181,324 $ 191,817 $ 93,250 $ 2,395,353 $ 2,117,189 4.01 % (1) Excludes deferred financing costs of $ 8.4 million and $ 8.5 million as of September 30, 2024 and December 31, 2023 . (2) Weighted average contractual rate as of September 30, 2024 . (3) Balance excludes $ 2.3 million and $ 1.5 million of strategic partner reserve deposits as of September 30, 2024 and December 31, 2023 .
Summary of Maturity of Broker Pools, Excluding Strategic Partner Reserve Deposits	The following table presents the maturity of the deposit pools, which includes strategic partner reserve deposits, as of September 30, 2024. (Dollars in thousands) September 30, 2024 Three months or less $ 209,515 Over three months through six months 231,435 Over six months through one year 516,620 Over one year 1,153,033 Deposits 2,110,603 Strategic partner collateral deposits 2,250 Total deposits $ 2,112,853

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2024
Leases [Abstract]
Schedule of Operating Lease Costs and Additional Information	The following table presents the operating lease costs and additional information for the three and nine months ended September 30, 2024 and 2023. Three Months Ended September 30, Nine Months Ended September 30, (Dollars in thousands) 2024 2023 2024 2023 Operating lease costs $ 607 $ 597 $ 1,817 $ 1,792 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases 664 629 2,019 1,855 Right-of-use asset obtained in exchange for lease liability ( 58 ) ( 56 ) ( 176 ) ( 167 )
Schedule of Breakout of Operating Leases	The following table presents the breakout of the operating leases as of September 30, 2024 and December 31, 2023. (Dollars in thousands) September 30, 2024 December 31, 2023 Operating lease right-of-use assets $ 7,259 $ 8,785 Other current liabilities 2,281 2,472 Operating lease liabilities 5,534 7,019 Total operating lease liabilities 7,815 9,491 Weighted average remaining lease term 4.4 years 4.9 years Weighted average discount rate 5.56 % 5.47 %
Schedule of Maturities of the Lease Liabilities	At September 30, 2024, maturities of the lease liabilities were as follows: (Dollars in thousands) Remainder of 2024 $ 634 2025 2,546 2026 2,567 2027 1,342 2028 573 Thereafter 1,139 Total lease payments 8,801 Less imputed interest 986 Total operating lease liabilities $ 7,815

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Sep. 30, 2024
Income Tax Disclosure [Abstract]
Summary of Components of Deferred and Other Tax Assets and Liabilities	The following table presents the significant components of the Company's deferred and other tax assets and liabilities as of September 30, 2024 and December 31, 2023. (Dollars in thousands) September 30, 2024 December 31, 2023 Goodwill and other intangibles $ 42,762 $ 43,034 Provision for credit losses ( 13,931 ) ( 13,032 ) Net operating loss carryforwards (1) ( 3,805 ) ( 3,802 ) Accrued expenses, compensation, and other assets ( 6,151 ) ( 6,976 ) Unrealized losses on other investments ( 2,227 ) ( 1,877 ) Total deferred tax liability 16,648 17,347 Valuation allowance 3,950 3,860 Deferred tax liability, net $ 20,598 $ 21,207 (1) As of September 30, 2024 , the Company had an estimated $ 11.1 million of net operating loss carryforwards, $ 1.7 million of which expires at various dates between December 31, 2026 and December 31, 2035 , which had a net carrying value of $ 1.2 million as of September 30, 2024 .
Summary of Components of Tax Provision	The following table presents the components of the Company's tax provision for the three and nine months ended September 30, 2024 and 2023: Three Months Ended September 30, Nine Months Ended September 30, (Dollars in thousands) 2024 2023 2024 2023 Current Federal $ 4,899 $ 5,893 $ 11,421 $ 12,349 State 1,533 1,753 3,652 3,717 Deferred Federal ( 1,798 ) ( 689 ) ( 598 ) 1,761 State ( 579 ) ( 230 ) ( 279 ) 755 Net provision for income taxes $ 4,055 $ 6,727 $ 14,196 $ 18,582
Summary of Reconciliation of Statutory Federal Income Tax Provision to Consolidated Actual Income Tax Provision	The following table presents a reconciliation of statutory federal income tax provision to consolidated actual income tax provision reported for the three and nine months ended September 30, 2024 and 2023. Three Months Ended September 30, Nine Months Ended September 30, (Dollars in thousands) 2024 2023 2024 2023 Statutory Federal income tax provision at 21 % $ 2,977 $ 4,088 $ 9,338 $ 13,414 State and local income taxes, net of federal income tax benefit 583 800 1,827 2,624 Non-deductible expenses 427 624 2,582 1,701 Valuation allowance against deferred tax assets — 1,138 — 1,138 Other 68 77 449 ( 295 ) Total income tax provision $ 4,055 $ 6,727 $ 14,196 $ 18,582

Stock Options and Restricted _2

Stock Options and Restricted Stock (Tables)	9 Months Ended
	Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]
Summary of Activity for Performance Stock Units and Restricted Stock Programs	The following table presents the PSU activity for the first, second, and third quarters of 2024 and the 2023 full year. The PSUs have vesting conditions based upon certain levels of total pre-tax income as well as return on common equity attained over a three-year period. The PSUs cliff vest after three years based upon the performance of the Company. Dividend equivalent PSUs accumulate and convert to additional shares for the benefit of the grantee at the vesting date or are forfeited if the performance conditions are not met. Number of Grant Weighted Outstanding at December 31, 2022 — $ — $ — Granted 296,444 6.08 6.08 Cancelled — — — Vested — — — Outstanding at December 31, 2023 296,444 $ 6.08 $ 6.08 Granted 215,687 8.97 8.97 Cancelled — — — Vested — — — Outstanding at March 31, 2024 512,131 $ 6.08 - 8.97 $ 7.30 Granted — — — Cancelled — — — Vested — — — Outstanding at June 30, 2024 512,131 $ 6.08 - 8.97 $ 7.30 Granted — — — Cancelled — — — Vested — — — Outstanding at September 30, 2024 512,131 $ 6.08 - 8.97 $ 7.30 The following table presents the activity for the restricted stock programs for the first, second, and third quarters of 2024 and the 2023 full year. Number of Grant Weighted Outstanding at December 31, 2022 857,288 $ 4.89 - 7.25 $ 7.27 Granted 399,793 7.67 - 9.37 8.34 Cancelled ( 12,807 ) 4.89 - 8.40 7.24 Vested (1) ( 248,898 ) 4.89 - 7.68 7.10 Outstanding at December 31, 2023 995,376 $ 4.89 - 9.37 $ 7.74 Granted 296,178 8.97 8.97 Cancelled ( 1,208 ) 6.86 - 9.37 8.13 Vested (1) ( 400,985 ) 4.89 - 8.40 7.69 Outstanding at March 31, 2024 (2) 889,361 $ 4.89 - 9.37 $ 8.18 Granted — — — Cancelled ( 1,696 ) 4.89 - 9.37 7.88 Vested — — — Outstanding at June 30, 2024 (2) 887,665 $ 4.89 - 9.37 $ 8.18 Granted — — — Cancelled ( 11,221 ) 4.89 - 9.37 7.74 Vested — — — Outstanding at September 30, 2024 (2) 876,444 $ 4.89 - 9.37 $ 8.18 (1) The aggregate fair value of the restricted stock vested was $ 2.7 million for the nine months ended September 30, 2024 and $ 2.1 million for the year ended December 31, 2023 . (2) The aggregate fair value of the restricted stock was $ 7.1 million as of September 30, 2024 . The remaining vesting period was 2.4 years at September 30, 2024 .
Summary of Activity for Stock Option Programs	The following table presents the activity for the stock option programs for the first, second, and third quarters of 2024 and the 2023 full year. Number of Exercise Weighted Outstanding at December 31, 2022 1,061,849 $ 2.14 - 9.38 $ 6.51 Granted — — — Cancelled ( 33,382 ) 4.89 - 9.38 6.80 Exercised (1) ( 68,945 ) 4.89 - 7.25 6.44 Outstanding at December 31, 2023 959,522 $ 2.14 - 9.38 $ 6.51 Granted — — — Cancelled ( 85 ) 4.89 4.89 Exercised (1) ( 13,383 ) 4.89 - 7.25 6.61 Outstanding at March 31, 2024 (2) 946,054 $ 2.14 - 9.38 $ 6.51 Granted — — — Cancelled ( 146 ) 4.89 4.89 Exercised (1) ( 2,867 ) 4.89 - 7.25 6.14 Outstanding at June 30, 2024 (2) 943,041 $ 2.14 - 9.38 $ 6.51 Granted — — — Cancelled ( 1,733 ) — — Exercised (1) ( 5,852 ) — Outstanding at September 30, 2024 (2) 935,456 $ 2.14 - 9.38 $ 6.51 Options exercisable at: December 31, 2023 697,647 $ 2.14 - 9.38 $ 6.51 September 30, 2024 (2) 848,069 $ 2.14 - 9.38 $ 6.52 (1) The aggregate intrinsic value of exercised options, which represents the difference between the price of the Company’s common stock at the exercise date and the related exercise price of the underlying options, was less than $ 0.1 million for the three and nine months ended September 30, 2024 and was $ 0.1 million for the year ended December 31, 2023 . (2) The aggregate intrinsic value of outstanding options, which represents the difference between the price of the Company’s common stock at September 30, 2024 and the related exercise price of the underlying options, was $ 1.5 million for outstanding options and $ 1.4 million for vested options. The remaining contractual life was 5.4 years for outstanding options and 5.3 years for vested options at September 30, 2024 .
Summary of Activity for Unvested Options Outstanding	The following table presents the activity for the unvested options outstanding under the plans described above for the 2024 first, second, and third quarters. Number of Exercise Price Weighted Outstanding at December 31, 2023 261,875 $ 4.89 - 7.25 $ 6.49 Granted — — — Cancelled — — — Vested (1) ( 173,430 ) 4.89 - 7.25 6.56 Outstanding at March 31, 2024 88,445 $ 4.89 - 6.79 $ 6.37 Granted — — — Cancelled ( 146 ) 4.89 4.89 Vested (1) — — — Outstanding at June 30, 2024 88,299 $ 4.89 - 6.79 $ 6.37 Granted — — — Cancelled ( 912 ) 4.89 4.89 Vested — — — Outstanding at September 30, 2024 87,387 $ 4.89 - 7.25 $ 6.49 (1) The intrinsic value of the options vested was $ 0.4 million for the nine months ended September 30, 2024 .

Segment Reporting (Tables)

Segment Reporting (Tables)	9 Months Ended
	Sep. 30, 2024
Segment Reporting [Abstract]
Schedule of Segment Data	The following tables present segment data as of and for the three and nine months ended September 30, 2024. Three Months Ended September 30, 2024 Consumer Lending (Dollars in thousands) Recreation Home Commercial Taxi Medallion Corporate and Other Investments Consolidated Total interest income $ 51,443 $ 19,008 $ 3,761 $ 184 $ 2,013 $ 76,409 Total interest expense 12,566 7,033 1,063 30 2,980 23,672 Net interest income (loss) 38,877 11,975 2,698 154 ( 967 ) 52,737 Provision (benefit) for credit losses 17,494 4,855 252 ( 2,450 ) — 20,151 Net interest income (loss) after loss provision 21,383 7,120 2,446 2,604 ( 967 ) 32,586 Other income (loss), net 200 2 ( 414 ) 321 478 587 Operating (expenses) income ( 11,853 ) ( 5,746 ) ( 1,235 ) ( 1,444 ) 1,283 ( 18,995 ) Net income before taxes 9,730 1,376 797 1,481 794 14,178 Income tax provision ( 2,810 ) ( 290 ) ( 159 ) ( 457 ) ( 339 ) ( 4,055 ) Net income after taxes $ 6,920 $ 1,086 $ 638 $ 1,024 $ 455 $ 10,123 Income attributable to the non-controlling interest 1,512 Total net income attributable to Medallion Financial Corp. $ 8,611 Balance Sheet Data Total loans $ 1,554,629 $ 814,071 $ 110,143 $ 3,243 $ 3,193 $ 2,485,279 Total assets 1,505,400 798,261 105,232 6,208 464,951 2,880,052 Total funds borrowed 1,253,224 664,541 87,604 5,168 387,066 2,397,603 Selected Financial Ratios Return on average assets 1.81 % 0.55 % 2.41 % 50.54 % 0.41 % 1.43 % Return on average stockholders' equity * * * * * 9.61 Return on average equity 13.35 3.86 16.38 302.61 2.57 9.46 Interest yield 13.34 9.51 13.57 21.96 NM 11.75 Net interest margin, gross 10.08 5.99 9.74 18.38 NM 8.11 Net interest margin, net of allowance 10.55 6.14 10.19 30.60 NM 8.42 Reserve coverage 4.53 2.42 4.64 39.78 NM 3.88 Delinquency status (1) 0.50 0.19 7.39 — NM 0.72 Charge-off (recovery) ratio (2) 3.18 1.76 — ( 279.58 ) NM 2.18 (1) Loans 90 days or more past due. (2) Negative balances indicate net recoveries for the period. (NM) Not meaningful. (*) Line item is not applicable to segments. Nine Months Ended September 30, 2024 Consumer Lending (Dollars in thousands) Recreation Home Commercial Taxi Medallion Corporate and Other Investments Consolidated Total interest income $ 142,860 $ 54,106 $ 10,944 $ 514 $ 5,759 $ 214,183 Total interest expense 33,171 18,773 3,217 83 8,417 63,661 Net interest income (loss) 109,689 35,333 7,727 431 ( 2,658 ) 150,522 Provision (benefit) for credit losses 50,319 9,032 946 ( 4,368 ) — 55,929 Net interest income (loss) after loss provision 59,370 26,301 6,781 4,799 ( 2,658 ) 94,593 Other income, net 756 7 3,774 1,294 1,258 7,089 Operating expenses ( 31,376 ) ( 15,317 ) ( 3,657 ) ( 3,560 ) ( 3,305 ) ( 57,215 ) Net income (loss) before taxes 28,750 10,991 6,898 2,533 ( 4,705 ) 44,467 Income tax (provision) benefit ( 9,178 ) ( 3,509 ) ( 2,202 ) ( 809 ) 1,502 ( 14,196 ) Net income (loss) after taxes $ 19,572 $ 7,482 $ 4,696 $ 1,724 $ ( 3,203 ) $ 30,271 Income attributable to the non-controlling interest 4,535 Total net income attributable to Medallion Financial Corp. $ 25,736 Balance Sheet Data Total loans $ 1,554,629 $ 814,071 $ 110,143 $ 3,243 $ 3,193 $ 2,485,279 Total assets 1,505,400 798,261 105,232 6,208 464,951 2,880,052 Total funds borrowed 1,253,224 664,541 87,604 5,168 387,066 2,397,603 Selected Financial Ratios Return on average assets 1.87 % 1.31 % 5.92 % 26.64 % ( 0.96 )% 1.51 % Return on average stockholders' equity * * * * * 9.79 Return on average equity 12.78 8.69 38.63 155.33 ( 6.24 ) 9.62 Interest yield 13.32 9.38 13.20 20.59 NM 11.54 Net interest margin, gross 10.23 6.12 9.32 16.65 NM 8.11 Net interest margin, net of allowance 10.65 6.26 9.69 27.99 NM 8.41 Reserve coverage 4.53 2.42 4.64 39.78 NM 3.88 Delinquency status (1) 0.50 0.19 7.39 — NM 0.72 Charge-off (recovery) ratio (2) 3.48 1.78 ( 0.02 ) ( 159.26 ) NM 2.51 (1) Loans 90 days or more past due. (2) Negative balances indicate net recoveries for the period. (NM) Not meaningful. (*) Line item is not applicable to segments. The following tables present segment data as of and for the three and nine months ended September 30, 2023. Three Months September 30, 2023 Consumer Lending (Dollars in thousands) Recreation Home Commercial Taxi Medallion Corporate and Other Investments Consolidated Total interest income $ 44,341 $ 16,578 $ 3,248 $ 342 $ 1,377 $ 65,886 Total interest expense (income) 8,770 5,187 921 ( 69 ) 2,293 17,102 Net interest income (loss) 35,571 11,391 2,327 411 ( 916 ) 48,784 Provision (benefit) for credit losses 11,877 3,860 621 ( 1,772 ) ( 54 ) 14,532 Net interest income (loss) after loss provision 23,694 7,531 1,706 2,183 ( 862 ) 34,252 Other income, net 128 1 2,322 1,404 451 4,306 Operating expenses ( 8,637 ) ( 4,433 ) ( 1,129 ) ( 1,421 ) ( 3,469 ) ( 19,089 ) Net income (loss) before taxes 15,185 3,099 2,899 2,166 ( 3,880 ) 19,469 Income tax (provision) benefit ( 5,169 ) ( 1,051 ) ( 907 ) ( 955 ) 1,355 ( 6,727 ) Net income (loss) after taxes $ 10,016 $ 2,048 $ 1,992 $ 1,211 $ ( 2,525 ) $ 12,742 Income attributable to the non-controlling interest 1,512 Total net income attributable to Medallion Financial Corp. $ 11,230 Balance Sheet Data Total loans, gross $ 1,346,440 $ 750,508 $ 100,322 $ 3,927 $ 1,841 $ 2,203,038 Total assets 1,307,860 739,452 97,298 17,258 396,759 2,558,627 Total funds borrowed 1,074,592 607,565 79,944 14,180 323,638 2,099,919 Selected Financial Ratios Return on average assets 3.01 % 1.11 % 8.12 % 26.70 % ( 2.56 )% 2.01 % Return on average stockholders' equity * * * * * 13.80 Return on average equity 19.50 7.21 52.31 172.77 ( 16.56 ) 12.89 Interest yield 13.12 8.88 13.05 35.22 NM 11.28 Net interest margin, gross 10.53 6.10 9.35 42.32 NM 8.35 Net interest margin, net of allowance 10.99 6.24 9.61 77.54 NM 8.64 Reserve coverage 4.24 2.31 3.10 42.97 NM 3.59 Delinquency status (1) 0.45 0.13 0.07 — NM 0.32 Charge-off (recovery) ratio (2) 2.67 1.61 — ( 172.06 ) NM 1.88 (1) Loans 90 days or more past due. (2) Negative balances indicate net recoveries for the period. (NM) Not meaningful. (*) Line item is not applicable to segments. Nine Months Ended September 30, 2023 Consumer Lending (Dollars in thousands) Recreation Home Commercial Taxi Medallion Corporate and Other Investments Consolidated Total interest income $ 123,349 $ 45,519 $ 8,763 $ 1,439 $ 4,385 $ 183,455 Total interest expense 22,254 12,660 2,582 44 6,839 44,379 Net interest income (loss) 101,095 32,859 6,181 1,395 ( 2,454 ) 139,076 Provision (benefit) for credit losses 29,763 10,680 835 ( 14,167 ) ( 66 ) 27,045 Net interest income (loss) after loss provision 71,332 22,179 5,346 15,562 ( 2,388 ) 112,031 Other income, net 128 4 2,936 4,327 937 8,332 Operating expenses ( 24,884 ) ( 12,815 ) ( 2,696 ) ( 4,191 ) ( 11,898 ) ( 56,484 ) Net income (loss) before taxes 46,576 9,368 5,586 15,698 ( 13,349 ) 63,879 Income tax (provision) benefit ( 13,549 ) ( 2,725 ) ( 1,625 ) ( 4,567 ) 3,884 ( 18,582 ) Net income (loss) after taxes $ 33,027 $ 6,643 $ 3,961 $ 11,131 $ ( 9,465 ) $ 45,297 Income attributable to the non-controlling interest 4,536 Total net income attributable to Medallion Financial Corp. $ 40,761 Balance Sheet Data Total loans, gross $ 1,346,440 $ 750,508 $ 100,322 $ 3,927 $ 1,841 $ 2,203,038 Total assets 1,307,860 739,452 97,298 17,258 396,759 2,558,627 Total funds borrowed 1,074,592 607,565 79,944 14,180 323,638 2,099,919 Selected Financial Ratios Return on average assets 3.56 % 1.30 % 5.33 % 73.52 % ( 3.31 )% 2.52 % Return on average stockholders' equity * * * * * 17.49 Return on average equity 22.56 8.21 33.61 463.36 ( 20.93 ) 15.90 Interest yield 13.03 8.76 12.11 29.27 NM 11.10 Net interest margin, gross 10.68 6.32 8.55 28.38 NM 8.42 Net interest margin, net of allowance 11.14 6.46 8.79 72.66 NM 8.71 Reserve coverage 4.24 2.31 3.10 42.97 NM 3.59 Delinquency status (1) 0.45 0.13 0.07 — NM 0.32 Charge-off (recovery) ratio (2) 2.61 1.20 1.23 ( 130.08 ) NM 1.65 (1) Loans 90 days or more past due. (2) Negative balances indicate net recoveries for the period. (NM) Not meaningful. (*) Line item is not applicable to segments.

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2024
Investments, All Other Investments [Abstract]
Summary of Carrying Values and Fair Values of Financial Instruments	The fair value f or certificates of deposit is estimated by using discounted cash flow analyses, based on market spreads to benchmark rates, and are considered Level 2 valuations. Prior to the second quarter of 2024, fair value was reported as approximating book value. September 30, 2024 December 31, 2023 (Dollars in thousands) Carrying Fair Carrying Fair Financial assets Cash, cash equivalents, and federal funds sold (1) $ 187,929 $ 187,929 $ 149,845 $ 149,845 Equity investments 9,897 9,897 11,430 11,430 Investment securities 56,754 56,754 54,282 54,282 Loans receivable 2,388,761 2,395,235 2,131,651 2,131,651 Accrued interest receivable (2) 14,108 14,108 13,538 13,538 Equity securities (3) 1,785 1,785 1,748 1,748 Financial liabilities Funds borrowed 2,397,603 2,428,246 2,118,689 2,118,689 Accrued interest payable (2) 6,888 6,888 6,822 6,822 (1) Categorized as level 1 within the fair value hierarchy, excluding $ 1.3 million in interest bearing deposits categorized as level 2 as of both September 30, 2024 and December 31, 2023 . See Note 13. (2) Categorized as level 3 within the fair value hierarchy. See Note 13. (3) Included within other assets on the balance sheet.

Fair Value of Assets and liab_2

Fair Value of Assets and liabilities (Tables)	9 Months Ended
	Sep. 30, 2024
Fair Value Disclosures [Abstract]
Summary of Assets and Liabilities Measured at Fair Value on a Recurring Basis	The following tables present the Company’s fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of September 30, 2024 and December 31, 2023. September 30, 2024 (Dollars in thousands) Level 1 Level 2 Level 3 Total Assets Interest-bearing deposits $ — $ 1,250 $ — $ 1,250 Investment securities (1) — 56,754 — 56,754 Equity securities 1,785 — — 1,785 Total $ 1,785 $ 58,004 $ — $ 59,789 (1) Total unrealized gain of $ 1.5 million and unrealized loss of less than $ 1.4 million, net of tax, related to these assets was included in other comprehensive income for the three and nine months ended September 30, 2024 . December 31, 2023 (Dollars in thousands) Level 1 Level 2 Level 3 Total Assets Interest-bearing deposits $ — $ 1,250 $ — $ 1,250 Investment securities (1) — 54,282 — 54,282 Equity securities 1,748 — — 1,748 Total $ 1,748 $ 55,532 $ — $ 57,280 (1) Total unrealized losses of $ 0.3 million, net of tax, related to these assets was included in other comprehensive loss for the year ended December 31, 2023 .
Summary of Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis	The following tables present the Company’s fair value hierarchy for those assets and liabilities measured at fair value on a non-recurring basis as of September 30, 2024 and December 31, 2023. September 30, 2024 (Dollars in thousands) Level 1 Level 2 Level 3 Total Assets Equity investments $ — $ — $ 9,897 $ 9,897 Nonaccrual loans — — 23,985 23,985 Loan collateral in process of foreclosure — — 8,818 8,818 Total $ — $ — $ 42,700 $ 42,700 December 31, 2023 (Dollars in thousands) Level 1 Level 2 Level 3 Total Assets Equity investments $ — $ — $ 11,430 $ 11,430 Nonaccrual loans — — 25,974 25,974 Loan collateral in process of foreclosure — — 11,772 11,772 Total $ — $ — $ 49,176 $ 49,176
Summary of Valuation Techniques and Significant Unobservable Inputs Used in Non-Recurring Level 3 Fair Value Measurements of Assets and Liabilities	The valuation techniques and significant unobservable inputs used in non-recurring level 3 fair value measurements of assets and liabilities as of September 30, 2024 and December 31, 2023. (Dollars in thousands except per share amounts) Fair Value Valuation Techniques Unobservable Inputs Range Equity investments $ 9,624 Investee financial analysis Financial condition and operating performance of the borrower (1) N/A Collateral support N/A 273 Precedent market transaction Offering price $ 8.73 / share Nonaccrual loans 23,985 Market approach Historical and actual loss experience 0.00 % - 58.96 % Transfer prices (2) $ 0.0 - 79.5 Collateral value N/A Loan collateral in process of foreclosure 8,818 Market approach Transfer prices (2) $ 0.0 - 79.5 Collateral value (3) $ 2.3 - $ 49.1 (1) Includes projections based on revenue, EBITDA, leverage, and liquidation amounts. These assumptions are based on a variety of factors, including economic conditions, industry, and market developments, market valuations of comparable companies, and company-specific developments, including exit strategies and realization opportunities. (2) Represents amount net of liquidation costs. (3) Relates to the recreation loan portfolio. (Dollars in thousands except per share amounts) Fair Value Valuation Techniques Unobservable Inputs Range Equity investments $ 11,157 Investee financial analysis Financial condition and operating performance of the borrower (1) N/A Collateral support N/A 273 Precedent market transaction Offering price $ 8.73 / share Nonaccrual loans 25,974 Market approach Historical and actual loss experience 0.00 % - 28.48 % Transfer prices (2) $ 0.0 - $ 79.5 Collateral value N/A Loan collateral in process of foreclosure 11,772 Market approach Transfer prices (2) $ 0.0 - $ 79.5 Collateral value (3) $ 2.3 - $ 45.0 (1) Includes projections based on revenue, EBITDA, leverage, and liquidation amounts. These assumptions are based on a variety of factors, including economic conditions, industry, and market developments, market valuations of comparable companies, and company-specific developments, including exit strategies and realization opportunities. (2) Represents amount net of liquidation costs. (3) Relates to the recreation loan portfolio.

Organization of Medallion Fin_2

Organization of Medallion Financial Corp. and its Subsidiaries - Additional Information (Detail) $ in Millions	Sep. 30, 2024 USD ($)
Medallion Financing Trust I [Member]
Subsidiary or Equity Method Investee [Line Items]
Aggregate assets of trust	$ 34

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($)		3 Months Ended				9 Months Ended		12 Months Ended
	Jan. 01, 2023	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Dec. 31, 2021
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Interest-bearing funds deposited in other banks		$ 1,300,000				$ 1,300,000
Non-marketable securities		9,900,000				9,900,000		$ 11,400,000
Impact of equity investment		4,700,000				4,700,000
Past Due		81,613,000				81,613,000		81,013,000
Notes receivable net		2,438,125,000				2,438,125,000		2,176,412,000
Purchased of equity securities with readily determinable fair value									$ 2,000,000
Investment, Type [Extensible Enumeration]									us-gaap:EquitySecuritiesMember
Equity securities, fair value		1,800,000				1,800,000		1,700,000
Net loan origination costs						47,200,000		40,000,000
Net Amortization to income		2,300,000			$ 2,200,000	6,600,000	$ 6,500,000
Principal portion of loans serviced, fair value		$ 14,000,000				$ 14,000,000		14,000,000
Intangible assets useful life		20 years				20 years
Goodwill		$ 150,803,000				$ 150,803,000		150,803,000
Intangible assets, net		19,508,000				19,508,000		20,591,000
Amortization of intangible assets		361,000			361,000	1,084,000	1,084,000
Depreciation and amortization		100,000			300,000	100,000	300,000
Amortization expense		1,200,000			800,000	3,000,000	$ 2,300,000
Deferred costs		8,400,000				$ 8,400,000		$ 8,500,000
Potential dilutive common shares excluded from EPS computation						9,000	9,000
Stock based compensation award, Amount		$ 1,500,000			$ 1,200,000	$ 4,600,000	$ 3,500,000
Stock based compensation award per common share		$ 0.06			$ 0.05	$ 0.2	$ 0.15
Unrecognized compensation cost related to unvested stock options, restricted stock, restricted stock units, and performance share units		$ 6,800,000				$ 6,800,000
Unrecognized compensation cost related to unvested stock options and restricted stock, recognition period						10 months
Tier 1 leverage capital to total assets ratio		15%				15%
Tier 1 leverage capital ratio		15.70%				15.70%
Capital conversation buffer						2.50%		2.50%
New York Taxi Medallion [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Notes receivable net		$ 79,500				$ 79,500
Consumer Loan [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Increase in allowance for credit losses on loans	$ 13,700,000
Commercial Loans [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Financing receivable allowance for credit loss	$ 9,900,000
Restricted Shares [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Stock based compensation award		0	0	296,178		296,178	316,483	399,793
Restricted Stock Units [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Stock based compensation award						92,350	83,158
Performance Shares [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Stock based compensation award		0	0	215,687				296,444
Stock based compensation award						215,687	296,444
Medallion Bank [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Amortization of intangible assets								$ 0
90+ [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Past Due		$ 17,435,000				$ 17,435,000		16,837,000
90+ [Member] | Loans [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Past Due		$ 17,400,000				$ 17,400,000		$ 16,800,000
Total loans more than 90 days past due ,percentage		0.72%				0.72%		0.77%
Bank Holding Company Accounting [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net premium on investment securities						$ 100,000		$ 100,000
Minimum [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Interest bearing loan term						5 years
Estimated useful life of fixed assets		3 years				3 years
Maximum [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Interest bearing loan term						6 years
Investment securities Amortized to interest income		$ 100,000			$ 100,000	$ 100,000	$ 100,000
Estimated useful life of fixed assets		10 years				10 years

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Summary of Unrealized Portion Related to Equity Securities (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Equity Securities, FV-NI, Gain (Loss) [Abstract]
Net gains (losses) recognized during the period on equity securities	$ 63	$ (54)	$ 37	$ (54)
Less: Net gains (losses) recognized during the period on equity securities sold during the period	0	0	0	0
Unrealized losses recognized during the reporting period on equity securities still held at the reporting date	$ 63	$ (54)	$ 37	$ (54)

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Summary of Finalized Adoption Related to Allowance for Credit Losses on Loans (Detail) - USD ($) $ in Thousands	Jan. 01, 2023	Dec. 31, 2022
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit losses on loans		$ 63,845
Recreation [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit losses on loans		41,966
Home Improvement [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit losses on loans		11,340
Commercial [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit losses on loans		1,049
Taxi Medallion [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit losses on loans		9,490
Strategic Partnership [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit losses on loans		$ 0
Effect of ASC 326 Adoption
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit losses on loans	$ 13,712
Effect of ASC 326 Adoption | Recreation [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit losses on loans	10,037
Effect of ASC 326 Adoption | Home Improvement [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit losses on loans	1,518
Effect of ASC 326 Adoption | Commercial [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit losses on loans	2,157
Effect of ASC 326 Adoption | Taxi Medallion [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit losses on loans	0
Effect of ASC 326 Adoption | Strategic Partnership [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit losses on loans	0
December 31, 2022 Pre-Topic 326 Adoption
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit losses on loans	77,557
December 31, 2022 Pre-Topic 326 Adoption | Recreation [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit losses on loans	52,003
December 31, 2022 Pre-Topic 326 Adoption | Home Improvement [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit losses on loans	12,858
December 31, 2022 Pre-Topic 326 Adoption | Commercial [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit losses on loans	3,206
December 31, 2022 Pre-Topic 326 Adoption | Taxi Medallion [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit losses on loans	9,490
December 31, 2022 Pre-Topic 326 Adoption | Strategic Partnership [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit losses on loans	$ 0

Summary of Significant Accoun_7

Summary of Significant Accounting Policies - Schedule of Intangible Assets (Detail) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Investments In Loans [Line Items]
Intangibles assets	$ 19,508	$ 20,591
Intellectual Property [Member]
Investments In Loans [Line Items]
Intangibles assets	14,850	15,675
Contractor Relationships [Member]
Investments In Loans [Line Items]
Intangibles assets	$ 4,658	$ 4,916

Summary of Significant Accoun_8

Summary of Significant Accounting Policies - Summary of the Calculation of Basic and Diluted EPS (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Accounting Policies [Abstract]
Net income attributable to common stockholders	$ 8,611	$ 11,230	$ 25,736	$ 40,761
Weighted average common shares outstanding applicable to basic EPS	22,490,792	22,596,982	22,576,446	22,469,968
Effect of restricted stock grants	440,704	481,197	485,179	413,682
Effect of dilutive stock options	166,268	183,274	194,800	125,319
Effect of performance stock unit grants	350,165	131,448	298,640	58,975
Adjusted weighted average common shares outstanding applicable to diluted EPS	23,447,929	23,392,901	23,555,065	23,067,944
Basic net income per share	$ 0.38	$ 0.5	$ 1.14	$ 1.81
Diluted net income per share	$ 0.37	$ 0.48	$ 1.09	$ 1.77

Summary of Significant Accoun_9

Summary of Significant Accounting Policies - Summary of Bank's Actual Capital Amounts and Ratios, and the Regulatory Minimum Ratios (Detail) $ in Thousands		9 Months Ended	12 Months Ended
		Sep. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)
Accounting Policies [Abstract]
Regulatory, Minimum, Leverage ratio	[1]	0.04
Regulatory, Minimum, Common equity tier 1 capital ratio	[2]	7%
Regulatory, Minimum, Tier 1 capital ratio	[3]	8.50%
Regulatory, Minimum, Total capital ratio	[3]	0.105
Regulatory, Well-Capitalized, Leverage ratio	[1]	0.05
Regulatory, Well-Capitalized, Common equity tier 1 capital ratio	[2]	6.50%
Regulatory, Well-Capitalized, Tier 1 capital ratio	[3]	0.08
Regulatory, Well-Capitalized, Total capital ratio	[3]	0.10
Common equity Tier 1 capital		$ 314,153	$ 293,774
Tier 1 capital		382,940	362,561
Total capital		413,973	390,153
Average assets		2,444,674	2,232,816
Risk-weighted assets		$ 2,422,854	$ 2,155,641
Leverage ratio	[1]	0.157	0.162
Common equity Tier 1 capital ratio	[2]	0.13	0.136
Tier 1 capital ratio	[3]	0.158	0.168
Total capital ratio	[3]	0.171	0.181
[1] Calculated by dividing Tier 1 capital by average assets. Calculated by subtracting preferred stock or non-controlling interest from Tier 1 capital and dividing by risk-weighted assets. Calculated by dividing Tier 1 or total capital by risk-weighted assets.

Investment Securities - Summary

Investment Securities - Summary of Fixed Maturity Securities Available for Sale (Detail) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 61,033	$ 60,573
Gross Unrealized Gains	181	21
Gross Unrealized Losses	(4,460)	(6,312)
Fair Value	56,754	54,282
Mortgage-backed Securities, Principally Obligations of US Federal Agencies [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	42,479	44,653
Gross Unrealized Gains	63	0
Gross Unrealized Losses	(3,448)	(4,791)
Fair Value	39,094	39,862
State and Municipalities [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	16,373	13,733
Gross Unrealized Gains	117	21
Gross Unrealized Losses	(1,004)	(1,501)
Fair Value	15,486	12,253
Agency Bonds [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	2,181	2,187
Gross Unrealized Gains	1	0
Gross Unrealized Losses	(8)	(20)
Fair Value	$ 2,174	$ 2,167

Investment Securities - Summa_2

Investment Securities - Summary of Amortized Cost and Estimated Market Value of Investment Securities by Contractual Maturity (Detail) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Available-for-sale Securities, Debt Maturities [Abstract]
Amortized Cost, due in one year or less	$ 2,992
Amortized Cost, due after one year through five years	2,758
Amortized Cost, due after five years through ten years	11,639
Amortized Cost, due after ten years	43,644
Amortized Cost	61,033	$ 60,573
Fair Value, due in one year or less	2,964
Fair Value, due after one year through five years	2,660
Fair Value, due after five years through ten years	10,813
Fair Value, due after ten years	40,317
Fair Value	$ 56,754	$ 54,282

Investment Securities - Summa_3

Investment Securities - Summary of Securities with Gross Unrealized Losses (Detail) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Debt Securities, Available-for-sale [Line Items]
Gross Unrealized Losses, Less than Twelve Months	$ (94)	$ (282)
Fair Value, Less than Twelve Months	3,106	10,636
Gross Unrealized Losses, Twelve Months and Over	(4,366)	(6,030)
Fair Value, Twelve Months and Over	41,815	43,509
Mortgage-backed Securities, Principally Obligations of US Federal Agencies [Member]
Debt Securities, Available-for-sale [Line Items]
Gross Unrealized Losses, Less than Twelve Months	0	(78)
Fair Value, Less than Twelve Months	0	5,797
Gross Unrealized Losses, Twelve Months and Over	(3,448)	(4,714)
Fair Value, Twelve Months and Over	31,359	33,971
State and Municipalities [Member]
Debt Securities, Available-for-sale [Line Items]
Gross Unrealized Losses, Less than Twelve Months	(94)	(204)
Fair Value, Less than Twelve Months	3,106	4,839
Gross Unrealized Losses, Twelve Months and Over	(910)	(1,296)
Fair Value, Twelve Months and Over	10,280	7,371
Agency Bonds [Member]
Debt Securities, Available-for-sale [Line Items]
Gross Unrealized Losses, Less than Twelve Months	0	0
Fair Value, Less than Twelve Months	0	0
Gross Unrealized Losses, Twelve Months and Over	(8)	(20)
Fair Value, Twelve Months and Over	$ 176	$ 2,167

Investment Securities - Additio

Investment Securities - Additional Information (Detail) - Securities	Sep. 30, 2024	Dec. 31, 2023
Debt Securities, Available-for-Sale [Abstract]
Number of Securities	53	60
Percentage by which aggregate book value exceeded company's equity	10%	10%

Loans and Allowance for Credi_3

Loans and Allowance for Credit Losses - Summary of Inclusive Capitalized Loans (Detail) - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Sep. 30, 2024		Dec. 31, 2023		Jun. 30, 2024	Sep. 30, 2023		Jun. 30, 2023	Dec. 31, 2022
Student Loan Portfolio By Program [Line Items]
Total gross loans	$ 2,485,279		$ 2,215,886			$ 2,203,038
Allowance for credit losses	(96,518)	[1]	(84,235)	[2]	$ (89,788)	(79,133)	[1]	$ (74,971)	$ (63,845)
Net loans receivable	2,388,761		2,131,651
Bank Holding Company Accounting [Member]
Student Loan Portfolio By Program [Line Items]
Total gross loans	2,485,279		2,215,886		2,385,590	2,203,038		2,156,998	1,916,953
Allowance for credit losses	(96,518)		(84,235)
Net loans receivable	$ 2,388,761		$ 2,131,651
Percentage of total gross loans	100%		100%
Recreation [Member]
Student Loan Portfolio By Program [Line Items]
Total gross loans	$ 1,554,629		$ 1,336,226
Allowance for credit losses	(70,383)		(57,532)
Recreation [Member] | Bank Holding Company Accounting [Member]
Student Loan Portfolio By Program [Line Items]
Total gross loans	$ 1,554,629		$ 1,336,226		1,497,428	1,346,440		1,331,114	1,183,512
Percentage of total gross loans	63%		60%
Home Improvement [Member]
Student Loan Portfolio By Program [Line Items]
Total gross loans	$ 814,071		$ 760,617
Allowance for credit losses	(19,731)		(21,019)
Home Improvement [Member] | Bank Holding Company Accounting [Member]
Student Loan Portfolio By Program [Line Items]
Total gross loans	$ 814,071		$ 760,617		773,184	750,508		728,468	626,399
Percentage of total gross loans	33%		34%
Commercial [Member]
Student Loan Portfolio By Program [Line Items]
Total gross loans	$ 110,143		$ 114,827
Allowance for credit losses	(5,114)		(4,148)
Commercial [Member] | Bank Holding Company Accounting [Member]
Student Loan Portfolio By Program [Line Items]
Total gross loans	$ 110,143		$ 114,827		110,197	100,322		92,637	92,899
Percentage of total gross loans	4%		5%
Taxi Medallion [Member]
Student Loan Portfolio By Program [Line Items]
Total gross loans	$ 3,243		$ 3,663
Allowance for credit losses	(1,290)		(1,536)
Taxi Medallion [Member] | Bank Holding Company Accounting [Member]
Student Loan Portfolio By Program [Line Items]
Total gross loans	3,243		3,663		3,482	3,927		3,448
Strategic Partnership [Member]
Student Loan Portfolio By Program [Line Items]
Total gross loans	3,193		553
Strategic Partnership [Member] | Bank Holding Company Accounting [Member]
Student Loan Portfolio By Program [Line Items]
Total gross loans	$ 3,193		$ 553		$ 1,299	$ 1,841		$ 1,331	$ 572
[1] As of September 30, 2024 and 2023 , there were no allowance for credit losses and net charge-offs related to the strategic partnership loans. 2023 beginning balance represents allowance prior to the adoption of ASU 2016-13.

Loans and Allowance for Credi_4

Loans and Allowance for Credit Losses - Schedule of Activity of Gross Loans (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Schedule Of Gross Real Estate And Loan Activity [Line Items]
Gross loans, beginning balance			$ 2,215,886
Charge-offs	$ (20,500)	$ (15,574)	(62,189)	$ (46,533)
Transfer to loan collateral in process of foreclosure, net	(6,609)	(4,730)	(17,703)	(15,384)
Amortization of origination fees and costs, net			(6,628)	(7,279)
Paid-in-kind interest			1,910	1,086
Gross loans, ending balance	2,485,279	2,203,038	2,485,279	2,203,038
Recreation [Member]
Schedule Of Gross Real Estate And Loan Activity [Line Items]
Gross loans, beginning balance			1,336,226
Charge-offs	(16,242)	(11,684)	(48,970)	(33,440)
Transfer to loan collateral in process of foreclosure, net	(6,609)	(4,730)	(17,703)	(13,078)
Gross loans, ending balance	1,554,629		1,554,629
Home Improvement [Member]
Schedule Of Gross Real Estate And Loan Activity [Line Items]
Gross loans, beginning balance			760,617
Charge-offs	(4,258)	(3,890)	(13,219)	(8,379)
Gross loans, ending balance	814,071		814,071
Commercial [Member]
Schedule Of Gross Real Estate And Loan Activity [Line Items]
Gross loans, beginning balance			114,827
Charge-offs	0	0	0	(900)
Gross loans, ending balance	110,143		110,143
Taxi Medallion [Member]
Schedule Of Gross Real Estate And Loan Activity [Line Items]
Gross loans, beginning balance			3,663
Charge-offs	0	0	0	(3,814)
Transfer to loan collateral in process of foreclosure, net	0	0	0	(2,306)
Gross loans, ending balance	3,243		3,243
Strategic Partnership [Member]
Schedule Of Gross Real Estate And Loan Activity [Line Items]
Gross loans, beginning balance			553
Gross loans, ending balance	3,193		3,193
Bank Holding Company Accounting [Member]
Schedule Of Gross Real Estate And Loan Activity [Line Items]
Gross loans, beginning balance	2,385,590	2,156,998	2,215,886	1,916,953
Loan originations	275,568	217,393	757,746	790,950
Principal receipts, sales, and maturities	(151,948)	(152,865)	(417,498)	(450,853)
Charge-offs	(20,500)	(15,574)	(62,189)	(46,533)
Transfer to loan collateral in process of foreclosure, net	(6,609)	(4,730)	(17,703)	(15,384)
Amortization of origination fees and costs, net	(2,330)	(2,612)	(6,628)	(7,279)
Origination fees and costs, net	4,861	3,986	13,755	14,098
Paid-in-kind interest	647	442	1,910	1,086
Gross loans, ending balance	2,485,279	2,203,038	2,485,279	2,203,038
Bank Holding Company Accounting [Member] | Recreation [Member]
Schedule Of Gross Real Estate And Loan Activity [Line Items]
Gross loans, beginning balance	1,497,428	1,331,114	1,336,226	1,183,512
Loan originations	139,105	92,603	454,433	384,291
Principal receipts, sales, and maturities	(61,563)	(61,885)	(177,152)	(181,565)
Charge-offs	(16,242)	(11,684)	(48,970)	(33,440)
Transfer to loan collateral in process of foreclosure, net	(6,609)	(4,730)	(17,703)	(13,078)
Amortization of origination fees and costs, net	(3,549)	(3,259)	(9,715)	(9,177)
Origination fees and costs, net	6,059	4,281	17,510	15,897
Paid-in-kind interest	0	0	0	0
Gross loans, ending balance	1,554,629	1,346,440	1,554,629	1,346,440
Bank Holding Company Accounting [Member] | Home Improvement [Member]
Schedule Of Gross Real Estate And Loan Activity [Line Items]
Gross loans, beginning balance	773,184	728,468	760,617	626,399
Loan originations	96,545	79,333	216,111	291,349
Principal receipts, sales, and maturities	(51,409)	(53,095)	(148,818)	(158,300)
Charge-offs	(4,258)	(3,890)	(13,219)	(8,379)
Transfer to loan collateral in process of foreclosure, net	0	0	0	0
Amortization of origination fees and costs, net	1,206	647	3,057	1,898
Origination fees and costs, net	(1,197)	(955)	(3,677)	(2,459)
Paid-in-kind interest	0	0	0	0
Gross loans, ending balance	814,071	750,508	814,071	750,508
Bank Holding Company Accounting [Member] | Commercial [Member]
Schedule Of Gross Real Estate And Loan Activity [Line Items]
Gross loans, beginning balance	110,197	92,637	114,827	92,899
Loan originations	0	8,900	7,000	16,650
Principal receipts, sales, and maturities	(713)	(1,657)	(13,546)	(9,413)
Charge-offs	0	0	0	(900)
Transfer to loan collateral in process of foreclosure, net	0	0	0	0
Amortization of origination fees and costs, net	13	0	30	0
Origination fees and costs, net	(1)	0	(78)	0
Paid-in-kind interest	647	442	1,910	1,086
Gross loans, ending balance	110,143	100,322	110,143	100,322
Bank Holding Company Accounting [Member] | Taxi Medallion [Member]
Schedule Of Gross Real Estate And Loan Activity [Line Items]
Gross loans, beginning balance	3,482	3,448	3,663
Loan originations	0	100
Principal receipts, sales, and maturities	(239)	(281)
Charge-offs	0	0
Transfer to loan collateral in process of foreclosure, net	0	0
Amortization of origination fees and costs, net	0	0
Origination fees and costs, net	0	660
Paid-in-kind interest	0	0
Gross loans, ending balance	3,243	3,927	3,243	3,927
Bank Holding Company Accounting [Member] | Medallion [Member]
Schedule Of Gross Real Estate And Loan Activity [Line Items]
Gross loans, beginning balance			3,663	13,571
Loan originations			250	2,023
Principal receipts, sales, and maturities			(670)	(6,207)
Charge-offs			0	(3,814)
Transfer to loan collateral in process of foreclosure, net			0	(2,306)
Amortization of origination fees and costs, net			0	0
Origination fees and costs, net			0	660
Paid-in-kind interest			0	0
Gross loans, ending balance	3,243	3,927	3,243	3,927
Bank Holding Company Accounting [Member] | Strategic Partnership [Member]
Schedule Of Gross Real Estate And Loan Activity [Line Items]
Gross loans, beginning balance	1,299	1,331	553	572
Loan originations	39,918	36,457	79,952	96,637
Principal receipts, sales, and maturities	(38,024)	(35,947)	(77,312)	(95,368)
Charge-offs	0	0	0	0
Transfer to loan collateral in process of foreclosure, net	0	0	0	0
Amortization of origination fees and costs, net	0	0	0	0
Origination fees and costs, net	0	0	0	0
Paid-in-kind interest	0	0	0	0
Gross loans, ending balance	$ 3,193	$ 1,841	$ 3,193	$ 1,841

Loans and Allowance for Credi_5

Loans and Allowance for Credit Losses - Summary of Activity in Allowance for Loan Losses (Detail) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024		Sep. 30, 2023
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for credit losses - beginning balance		$ 89,788	$ 74,971	$ 84,235	[1]	$ 63,845
Charge-offs		(20,500)	(15,574)	(62,189)		(46,533)
Total recoveries		7,079	5,204	18,543		21,064
Net charge-offs	[2]	(13,421)	(10,370)	(43,646)		(25,469)
Provision for credit losses		20,151	14,532	55,929		27,045
Allowance for credit losses - ending balance	[3]	96,518	79,133	96,518		79,133
Accounting Standards Update 2016-13 [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for credit losses - beginning balance		0	0	0		13,712
Recreation [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for credit losses - beginning balance				57,532
Charge-offs		(16,242)	(11,684)	(48,970)		(33,440)
Total recoveries		3,991	2,651	11,501		8,705
Allowance for credit losses - ending balance		70,383		70,383
Home Improvement [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for credit losses - beginning balance				21,019
Charge-offs		(4,258)	(3,890)	(13,219)		(8,379)
Total recoveries		745	882	2,899		2,141
Allowance for credit losses - ending balance		19,731		19,731
Commercial [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for credit losses - beginning balance				4,148
Charge-offs		0	0	0		(900)
Total recoveries		0	0	20		10
Allowance for credit losses - ending balance		5,114		5,114
Taxi Medallion [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for credit losses - beginning balance				1,536
Charge-offs		0	0	0		(3,814)
Total recoveries		2,343	$ 1,671	4,123		$ 10,208
Allowance for credit losses - ending balance		$ 1,290		$ 1,290
[1] 2023 beginning balance represents allowance prior to the adoption of ASU 2016-13. As of September 30, 2024, cumulative net charge-offs of loans and loan collateral in process of foreclosure in the taxi medallion loan portfolio were $ 166.2 million , including $ 99.2 million related to loans secured by New York City taxi medallions, some of which may represent collection opportunities for the Company. As of September 30, 2024 and 2023 , there were no allowance for credit losses and net charge-offs related to the strategic partnership loans.

Loans and Allowance for Credi_6

Loans and Allowance for Credit Losses - Summary of Activity in Allowance for Loan Losses (Parenthetical) (Detail) - USD ($) $ in Thousands

3 Months Ended

9 Months Ended

Sep. 30, 2024

Sep. 30, 2023

Sep. 30, 2024

Sep. 30, 2023

Jun. 30, 2024

Dec. 31, 2023

[1]

Jun. 30, 2023

Dec. 31, 2022

Financing Receivable, Allowance for Credit Losses [Line Items]

Cumulative charges of loans and loan collateral process of foreclosure

$ 8,818

[1]

$ 15,923

$ 8,818

[1]

$ 15,923

$ 9,359

$ 11,772

$ 16,803

$ 21,819

Net charge-offs

[2]

(13,421)

$ (10,370)

(43,646)

(25,469)

Strategic Partnership [Member]

Financing Receivable, Allowance for Credit Losses [Line Items]

Net charge-offs

0

$ 0

Medallion Bank [Member]

Financing Receivable, Allowance for Credit Losses [Line Items]

Cumulative charges of loans and loan collateral process of foreclosure

166,200

166,200

New York Taxi Medallion [Member]

Financing Receivable, Allowance for Credit Losses [Line Items]

Cumulative charges of loans and loan collateral process of foreclosure

$ 99,200

$ 99,200

[1] Includes financed sales of this collateral to third parties that are reported separately from the loan portfolio, of $ 4.6 million as of September 30, 2024 and $ 6.2 million as of December 31, 2023 . As of September 30, 2024, cumulative net charge-offs of loans and loan collateral in process of foreclosure in the taxi medallion loan portfolio were $ 166.2 million , including $ 99.2 million related to loans secured by New York City taxi medallions, some of which may represent collection opportunities for the Company.

Loans and Allowance for Credi_7

Loans and Allowance for Credit Losses - Summary of Gross Charge Offs (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Financing Receivable, Past Due [Line Items]
2024	$ 1,069	$ 1,854	$ 1,208	$ 1,937
2023	5,992	6,370	16,886	15,998
2022	6,750	2,983	21,891	9,498
2021	3,141	1,333	10,298	4,090
2020	1,165	1,379	3,846	4,973
Prior	2,383	1,655	8,060	10,037
Total	20,500	15,574	62,189	46,533
Recreation [Member]
Financing Receivable, Past Due [Line Items]
2024	921	890	1,020	934
2023	4,717	4,587	12,579	11,763
2022	5,167	2,250	17,034	7,664
2021	2,354	1,175	7,841	3,631
2020	956	1,273	3,231	3,745
Prior	2,127	1,509	7,265	5,703
Total	16,242	11,684	48,970	33,440
Home Improvement [Member]
Financing Receivable, Past Due [Line Items]
2024	148	964	188	1,003
2023	1,275	1,783	4,307	4,235
2022	1,583	733	4,857	1,834
2021	787	158	2,457	459
2020	209	106	615	328
Prior	256	146	795	520
Total	4,258	3,890	13,219	8,379
Commercial Loan [Member]
Financing Receivable, Past Due [Line Items]
2024	0	0	0	0
2023	0	0	0	0
2022	0	0	0	0
2021	0	0	0	0
2020	0	0	0	900
Prior	0	0	0	0
Total	0	0	0	900
Taxi Medallion [Member]
Financing Receivable, Past Due [Line Items]
2024	0	0	0	0
2023	0	0	0	0
2022	0	0	0	0
2021	0	0	0	0
2020	0	0	0	0
Prior	0	0	0	3,814
Total	$ 0	$ 0	$ 0	$ 3,814

Loans and Allowance for Credi_8

Loans and Allowance for Credit Losses - Summary of Allowance for Loan Losses by Type (Detail) - USD ($) $ in Thousands	Sep. 30, 2024		Jun. 30, 2024	Dec. 31, 2023		Sep. 30, 2023	[1]	Jun. 30, 2023	Dec. 31, 2022
Financing Receivable Recorded Investment Past Due [Line Items]
Amount	$ 96,518	[1]	$ 89,788	$ 84,235	[2]	$ 79,133		$ 74,971	$ 63,845
Percentage of Allowance	100%	[3]		100%	[4]
Allowance as a Percent of Loan Category	3.88%			3.80%
Allowance as a Percent of Nonaccrual	402.41%			324.31%
Recreation [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Amount	$ 70,383			$ 57,532
Percentage of Allowance	73%	[3]		68%	[4]
Allowance as a Percent of Loan Category	4.53%			4.31%
Allowance as a Percent of Nonaccrual	293.45%			221.50%
Home Improvement [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Amount	$ 19,731			$ 21,019
Percentage of Allowance	21%	[3]		25%	[4]
Allowance as a Percent of Loan Category	2.42%			2.76%
Allowance as a Percent of Nonaccrual	82.26%			80.92%
Commercial [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Amount	$ 5,114			$ 4,148
Percentage of Allowance	5%	[3]		5%	[4]
Allowance as a Percent of Loan Category	4.64%			3.61%
Allowance as a Percent of Nonaccrual	21.32%			15.97%
Taxi Medallion [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Amount	$ 1,290			$ 1,536
Percentage of Allowance	1%	[3]		2%	[4]
Allowance as a Percent of Loan Category	39.78%			41.93%
Allowance as a Percent of Nonaccrual	5.38%			5.91%
[1] As of September 30, 2024 and 2023 , there were no allowance for credit losses and net charge-offs related to the strategic partnership loans. 2023 beginning balance represents allowance prior to the adoption of ASU 2016-13. Percentages may not foot due to rounding. Percentages may not foot due to rounding.

Loans and Allowance for Credi_9

Loans and Allowance for Credit Losses - Summary of Summary of Total Nonaccrual Loans and Foregone Interest (Detail) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Receivables [Abstract]
Total nonaccrual loans	$ 23,985	$ 25,974
Interest foregone quarter to date	419	417
Amount of foregone interest applied to principal in the quarter	70	59
Interest foregone year to date	983	928
Amount of foregone interest applied to principal for the year	199	238
Interest foregone life-to-date	3,483	2,119
Amount of foregone interest applied to principal life-to-date	$ 880	$ 822
Percentage of nonaccrual loans to gross loan portfolio	1%	1.20%
Percentage of allowance for credit losses to nonaccrual loans	402.40%	324.30%

Loans and Allowance for Cred_10

Loans and Allowance for Credit Losses - Summary of Performance Status of Loan (Detail) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023
Financing Receivable, Recorded Investment [Line Items]
Status of loans	$ 2,485,279	$ 2,215,886	$ 2,203,038
Percentage of Nonperforming to Total	0.97%	1.17%
Performing [Member]
Financing Receivable, Recorded Investment [Line Items]
Status of loans	$ 2,461,294	$ 2,189,912
Non - Performing [Member]
Financing Receivable, Recorded Investment [Line Items]
Status of loans	23,985	25,974
Recreation [Member]
Financing Receivable, Recorded Investment [Line Items]
Status of loans	$ 1,554,629	$ 1,336,226
Percentage of Nonperforming to Total	0.53%	0.72%
Recreation [Member] | Performing [Member]
Financing Receivable, Recorded Investment [Line Items]
Status of loans	$ 1,546,412	$ 1,326,567
Recreation [Member] | Non - Performing [Member]
Financing Receivable, Recorded Investment [Line Items]
Status of loans	8,217	9,659
Home Improvement [Member]
Financing Receivable, Recorded Investment [Line Items]
Status of loans	$ 814,071	$ 760,617
Percentage of Nonperforming to Total	0.19%	0.20%
Home Improvement [Member] | Performing [Member]
Financing Receivable, Recorded Investment [Line Items]
Status of loans	$ 812,509	$ 759,128
Home Improvement [Member] | Non - Performing [Member]
Financing Receivable, Recorded Investment [Line Items]
Status of loans	1,562	1,489
Commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Status of loans	$ 110,143	$ 114,827
Percentage of Nonperforming to Total	9.95%	9.72%
Commercial [Member] | Performing [Member]
Financing Receivable, Recorded Investment [Line Items]
Status of loans	$ 99,180	$ 103,664
Commercial [Member] | Non - Performing [Member]
Financing Receivable, Recorded Investment [Line Items]
Status of loans	10,963	11,163
Taxi Medallion [Member]
Financing Receivable, Recorded Investment [Line Items]
Status of loans	$ 3,243	$ 3,663
Percentage of Nonperforming to Total	100%	100%
Taxi Medallion [Member] | Performing [Member]
Financing Receivable, Recorded Investment [Line Items]
Status of loans	$ 0	$ 0
Taxi Medallion [Member] | Non - Performing [Member]
Financing Receivable, Recorded Investment [Line Items]
Status of loans	3,243	3,663
Strategic Partnership [Member]
Financing Receivable, Recorded Investment [Line Items]
Status of loans	$ 3,193	$ 553
Percentage of Nonperforming to Total	0%	0%
Strategic Partnership [Member] | Performing [Member]
Financing Receivable, Recorded Investment [Line Items]
Status of loans	$ 3,193	$ 553
Strategic Partnership [Member] | Non - Performing [Member]
Financing Receivable, Recorded Investment [Line Items]
Status of loans	$ 0	$ 0

Loans and Allowance for Cred_11

Loans and Allowance for Credit Losses - Summary of Aging of Loans (Detail) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Financing Receivable Recorded Investment Past Due [Line Items]
Past Due	$ 81,613	$ 81,013
Total	2,438,125	2,176,412
Accruing	0	0
Financial Asset, Not Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Past Due	2,356,512	2,095,399
30-59 [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Past Due	46,321	44,419
60-89 [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Past Due	17,857	19,757
90+ [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Past Due	17,435	16,837
Recreation [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Past Due	64,563	64,416
Total	1,503,199	1,292,591
Accruing	0	0
Recreation [Member] | Financial Asset, Not Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Past Due	1,438,636	1,228,175
Recreation [Member] | 30-59 [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Past Due	41,431	40,282
Recreation [Member] | 60-89 [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Past Due	15,657	15,039
Recreation [Member] | 90+ [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Past Due	7,475	9,095
Home Improvement [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Past Due	8,306	8,000
Total	818,144	764,069
Accruing	0	0
Home Improvement [Member] | Financial Asset, Not Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Past Due	809,838	756,069
Home Improvement [Member] | 30-59 [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Past Due	4,742	3,936
Home Improvement [Member] | 60-89 [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Past Due	2,000	2,562
Home Improvement [Member] | 90+ [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Past Due	1,564	1,502
Commercial Loans [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Past Due	8,396	8,396
Total	110,346	115,536
Accruing	0	0
Commercial Loans [Member] | Financial Asset, Not Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Past Due	101,950	107,140
Commercial Loans [Member] | 30-59 [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Past Due	0	0
Commercial Loans [Member] | 60-89 [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Past Due	0	2,156
Commercial Loans [Member] | 90+ [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Past Due	8,396	6,240
Taxi Medallion [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Past Due	348	201
Total	3,243	3,663
Accruing	0	0
Taxi Medallion [Member] | Financial Asset, Not Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Past Due	2,895	3,462
Taxi Medallion [Member] | 30-59 [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Past Due	148	201
Taxi Medallion [Member] | 60-89 [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Past Due	200	0
Taxi Medallion [Member] | 90+ [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Past Due	0	0
Strategic Partnership [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Past Due	0	0
Total	3,193	553
Accruing	0	0
Strategic Partnership [Member] | Financial Asset, Not Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Past Due	3,193	553
Strategic Partnership [Member] | 30-59 [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Past Due	0	0
Strategic Partnership [Member] | 60-89 [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Past Due	0	0
Strategic Partnership [Member] | 90+ [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Past Due	$ 0	$ 0

Loans and Allowance for Cred_12

Loans and Allowance for Credit Losses - Summary of Aging of Loans (Parenthetical) (Detail) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Receivables [Abstract]
Capitalized loan origination costs	$ 47.2	$ 40

Loans and Allowance for Cred_13

Loans and Allowance for Credit Losses - Additional Information (Detail)	Sep. 30, 2024	Dec. 31, 2023
Receivables [Abstract]
Weighted average loan-to-value ratio	171%	183%

Loans and Allowance for Cred_14

Loans and Allowance for Credit Losses - Summary of Activities of the Loan Collateral in Process of Foreclosure Related to Recreation and Medallion Loans (Detail) - USD ($) $ in Thousands	3 Months Ended				9 Months Ended
	Sep. 30, 2024		Sep. 30, 2023		Sep. 30, 2024		Sep. 30, 2023
Loans and Leases Receivable Disclosure [Line Items]
Loans collateral in process of foreclosure - beginning balance	$ 9,359		$ 16,803		$ 11,772	[1]	$ 21,819
Transfer from loans, net	6,609		4,730		17,703		15,384
Sales	0		(1,197)		(39)		(6,543)
Cash payments received	(3,066)		(2,102)		(9,892)		(8,064)
Collateral valuation adjustments	(4,084)	[2]	(2,311)	[3]	(10,726)	[2]	(6,673)	[3]
Loans collateral in process of foreclosure - ending balance	8,818	[1]	15,923		8,818	[1]	15,923
Recreation [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans collateral in process of foreclosure - beginning balance	1,441		729		1,779		1,376
Transfer from loans, net	6,609		4,730		17,703		13,078
Sales	0		(1,080)		0		(5,858)
Cash payments received	(2,059)		(163)		(6,731)		(291)
Collateral valuation adjustments	(4,064)	[2]	(2,281)	[3]	(10,824)	[2]	(6,370)	[3]
Loans collateral in process of foreclosure - ending balance	1,927		1,935		1,927		1,935
Taxi Medallion [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans collateral in process of foreclosure - beginning balance	7,918		16,074		9,993		20,443
Transfer from loans, net	0		0		0		2,306
Sales	0		(117)		(39)		(685)
Cash payments received	(1,007)		(1,939)		(3,161)		(7,773)
Collateral valuation adjustments	(20)	[2]	(30)	[3]	98	[2]	(303)	[3]
Loans collateral in process of foreclosure - ending balance	$ 6,891		$ 13,988		$ 6,891		$ 13,988
[1] Includes financed sales of this collateral to third parties that are reported separately from the loan portfolio, of $ 4.6 million as of September 30, 2024 and $ 6.2 million as of December 31, 2023 . Collateral valuation adjustments for recreational loans are generally the result of the liquidation of collateral through a repossession process. Due to the short-term nature of the liquidation process, collateral valuation adjustments on recreational loans are recorded as charge-offs to the allowance for credit losses on loans as this is an adjustment to the initial estimate on the fair value, less estimated costs to sell that was initially estimated in the preliminary charge off and amount transferred to collateral in the process of foreclosure. Collateral valuation adjustments for recreational loans are generally the result of the liquidation of collateral through a repossession process. Due to the short-term nature of the liquidation process, collateral valuation adjustments on recreational loans are recorded as charge-offs to the allowance for credit losses on loans as this is an adjustment to the initial estimate on the fair value, less estimated costs to sell that was initially estimated in the preliminary charge off and amount transferred to collateral in the process of foreclosure.

Funds Borrowed - Schedule of Ou

Funds Borrowed - Schedule of Outstanding Balances of Funds Borrowed (Detail) - USD ($) $ in Thousands		Sep. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
2025		$ 1,006,570
2026		432,362
2027		490,030
2028		181,324
2029		191,817
Thereafter		93,250
Long term debt	[1]	$ 2,395,353	$ 2,117,189
Interest Rate	[2]	4.01%
Deposits [Member]
Debt Instrument [Line Items]
2025	[3]	$ 957,570
2026	[3]	387,112
2027	[3]	434,280
2028	[3]	141,074
2029	[3]	190,567
Thereafter	[3]	0
Long term debt	[1],[3]	$ 2,110,603	1,869,439
Interest Rate	[2],[3]	3.68%
Retail And Privately Placed Notes [Member]
Debt Instrument [Line Items]
2025		$ 0
2026		31,250
2027		53,750
2028		39,000
2029		0
Thereafter		22,500
Long term debt	[1]	$ 146,500	139,500
Interest Rate	[2]	8.12%
SBA debentures and borrowings
Debt Instrument [Line Items]
2025		$ 14,000
2026		14,000
2027		2,000
2028		1,250
2029		1,250
Thereafter		37,750
Long term debt	[1]	$ 70,250	75,250
Interest Rate	[2]	3.53%
Trust Preferred Securities [Member]
Debt Instrument [Line Items]
2025		$ 0
2026		0
2027		0
2028		0
2029		0
Thereafter		33,000
Long term debt	[1]	$ 33,000	33,000
Interest Rate	[2]	7.38%
Federal Reserve and Other Borrowings [Member]
Debt Instrument [Line Items]
2025		$ 35,000
2026		0
2027		0
2028		0
2029		0
Thereafter		0
Long term debt	[1]	$ 35,000	$ 0
Interest Rate	[2]	5%
[1] Excludes deferred financing costs of $ 8.4 million and $ 8.5 million as of September 30, 2024 and December 31, 2023 . Weighted average contractual rate as of September 30, 2024 . Balance excludes $ 2.3 million and $ 1.5 million of strategic partner reserve deposits as of September 30, 2024 and December 31, 2023 .

Funds Borrowed - Schedule of _2

Funds Borrowed - Schedule of Outstanding Balances of Funds Borrowed (Parenthetical) (Detail) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Debt Disclosure [Abstract]
Deferred costs	$ 8.4	$ 8.5
Reserve deposits	$ 2.3	$ 1.5

Funds Borrowed - Additional Inf

Funds Borrowed - Additional Information (Detail) - USD ($)								1 Months Ended				3 Months Ended		9 Months Ended		12 Months Ended
		Feb. 28, 2024	Sep. 30, 2023	Jul. 10, 2023	Feb. 28, 2021	Dec. 31, 2007	Jun. 30, 2007	Aug. 31, 2024	Jun. 30, 2024	Jan. 31, 2024	Dec. 31, 2020	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Dec. 31, 2019	Apr. 30, 2021	Mar. 15, 2021	Aug. 31, 2019	Mar. 31, 2019	Dec. 31, 2017	Mar. 01, 2017
Debt Instrument [Line Items]
Time deposits												$ 2,112,853,000		$ 2,112,853,000
Listing services deposits from other financial institutions.												10,900,000		10,900,000		$ 11,800,000
Retail savings deposit balance												33,400,000		33,400,000		$ 14,900,000
Aggregate principal amount																				$ 6,000,000
Maturity date			Sep. 30, 2028		Feb. 28, 2026			Aug. 31, 2039
Principal amount outstanding repaid														3,000,000
Gain loss on sales of loans net												$ 340,000	$ 1,417,000	$ 1,170,000	$ 4,578,000
Issue of common stock												29,256,835		29,256,835		29,051,800
Preferred securities repurchased from a third party investor						$ 2,000,000
Long-term debt	[1]											$ 232,037,000		$ 232,037,000		$ 235,544,000
Investment securities pledged												56,754,000		56,754,000		$ 54,282,000
Medallion Capital, Inc.
Debt Instrument [Line Items]
Debt instrument face amount		$ 18,500,000		$ 20,000,000
Long-term debt		18,200,000
Debt instrument leverage fee		200,000		200,000
Debt instrument, additional leverage fee		400,000		$ 400,000
Line Of Credit Facility Drawn Amount												9,800,000		9,800,000
Line Of Credit Facility Drawable Amount												10,200,000		$ 10,200,000
Long term debt under capital infusion		$ 9,100,000
Trust Preferred Securities [Member]
Debt Instrument [Line Items]
Maturity date														Sep. 30, 2037
Sale of preferred securities							$ 35,000,000
Issue of common stock							1,083
Preferred securities outstanding												$ 33,000,000		$ 33,000,000
Trust Preferred Securities [Member] | SOFR Rate [Member]
Debt Instrument [Line Items]
Basis spread on variable rate														2.13%
Description of variable rate basis														26 basis points
Trust Preferred Securities [Member] | Unsecured Debt [Member]
Debt Instrument [Line Items]
Aggregate principal amount of unsecured junior subordinated notes							$ 36,100,000
SBA debentures and borrowings
Debt Instrument [Line Items]
Debt instrument interest rate Percentage												3.25%		3.25%
Loan commitment term														4 years 6 months
Commitment fee percentage														1%
Principal amount of loan																						$ 34,000,000	$ 34,000,000
Extended maturity date														Apr. 30, 2024
SBA debentures and borrowings | Medallion Capital, Inc.
Debt Instrument [Line Items]
Line Of Credit Facility Drawn Amount												$ 0		$ 0
Line Of Credit Facility Drawable Amount												300,000		300,000
Freshstart Venture Capital Corp [Member]
Debt Instrument [Line Items]
Principal amount of loan																						$ 33,500,000
Other Borrowings [Member]
Debt Instrument [Line Items]
Line of credit facility, amount outstanding												0		0
Federal reserve discount window and other borrowings [Member]
Debt Instrument [Line Items]
Borrowings												35,000,000		35,000,000
Home improvement loans pledged												110,100,000		$ 110,100,000
Pledged securities advance rate of book value														45.10%
Borrowing capacity												49,700,000		$ 49,700,000
Commercial Banks [Member]
Debt Instrument [Line Items]
Line of credit outstanding														0
Borrowing capacity												75,000,000		$ 75,000,000
7.25% Unsecured Senior Notes Due February Two Thousand And Twenty Six [Member]
Debt Instrument [Line Items]
Aggregate principal amount																		$ 3,000,000	$ 3,300,000
7.50% Percentage Unsecured Senior Notes Due December Two Thousand And Twenty Seven [Member]
Debt Instrument [Line Items]
Aggregate principal amount																		$ 11,700,000
Privately Placed Notes [Member]
Debt Instrument [Line Items]
Aggregate principal amount			$ 39,000,000		$ 25,000,000			$ 5,000,000			$ 33,600,000		$ 39,000,000		$ 39,000,000				$ 8,500,000		$ 30,000,000
Debt instrument interest rate Percentage			9.25%		7.25%			8.625%			7.50%		9.25%		9.25%						8.25%
Maturity date														2024		2024
Maturity date											Dec. 31, 2027
Repurchase amount			$ 33,000,000										$ 33,000,000		$ 33,000,000						$ 33,000,000
Gain loss on sales of loans net																	$ 4,100,000
Revolving Credit Facility [Member] | Other Borrowings [Member]
Debt Instrument [Line Items]
Debt instrument interest rate Percentage										2.75%
Commitment fee percentage										0.10%
Borrowing capacity										$ 7,500,000
Maximum [Member]
Debt Instrument [Line Items]
Extended maturity date									Jun. 30, 2039
Maximum [Member] | Privately Placed Notes [Member]
Debt Instrument [Line Items]
Aggregate principal amount									$ 17,500,000
Debt instrument interest rate Percentage									9%
Minimum [Member]
Debt Instrument [Line Items]
Time deposits												$ 250,000,000		$ 250,000,000
Extended maturity date									Dec. 31, 2033
Minimum [Member] | Privately Placed Notes [Member]
Debt Instrument [Line Items]
Aggregate principal amount									$ 12,500,000
Debt instrument interest rate Percentage									8.875%
Brokerage [Member] | Maximum [Member]
Debt Instrument [Line Items]
Average brokerage fee percentage in relation to the maturity of deposits														0.15%
[1] Includes $ 3.7 million and $ 4.2 million of deferred financing costs as of September 30, 2024 and December 31, 2023 . Refer to Note 5 for more details.

Funds Borrowed - Summary of Mat

Funds Borrowed - Summary of Maturity of Broker Pools, Excluding Strategic Partner Reserve Deposits (Detail) $ in Thousands	Sep. 30, 2024 USD ($)
Debt Disclosure [Abstract]
Three months or less	$ 209,515
Over three months through six months	231,435
Over six months through one year	516,620
Over one year	1,153,033
Deposits	2,110,603
Strategic partner collateral deposits	2,250
Total deposits	$ 2,112,853

Leases - Schedule of Operating

Leases - Schedule of Operating Lease Costs and Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Leases [Abstract]
Operating lease costs	$ 607	$ 597	$ 1,817	$ 1,792
Operating cash flows from operating leases	664	629	2,019	1,855
Right-of-use asset obtained in exchange for lease liability	$ (58)	$ (56)	$ (176)	$ (167)

Leases - Schedule of Breakout o

Leases - Schedule of Breakout of Operating Leases (Detail) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Leases [Abstract]
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Property Equipment And Right Of Use Asset Net	Property Equipment And Right Of Use Asset Net
Operating lease right-of-use assets	$ 7,259	$ 8,785
Other current liabilities	$ 2,281	$ 2,472
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Operating lease liabilities	Operating lease liabilities
Operating lease liabilities	$ 5,534	$ 7,019
Total operating lease liabilities	$ 7,815	$ 9,491
Weighted average remaining lease term	4 years 4 months 24 days	4 years 10 months 24 days
Weighted average discount rate	5.56%	5.47%

Leases - Schedule of Maturities

Leases - Schedule of Maturities of the Lease Liabilities (Detail) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Leases [Abstract]
Remainder of 2024	$ 634
2025	2,546
2026	2,567
2027	1,342
2028	573
Thereafter	1,139
Total lease payments	8,801
Less imputed interest	986
Total operating lease liabilities	$ 7,815	$ 9,491

Income Taxes - Summary of Compo

Income Taxes - Summary of Components of Deferred and Other Tax Assets and Liabilities (Detail) - USD ($) $ in Thousands		Sep. 30, 2024	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Goodwill and other intangibles		$ 42,762	$ 43,034
Provision for credit losses		(13,931)	(13,032)
Net operating loss carryforwards	[1]	(3,805)	(3,802)
Accrued expenses, compensation, and other assets		(6,151)	(6,976)
Unrealized losses on other investments		(2,227)	(1,877)
Total deferred tax liability		16,648	17,347
Valuation allowance		3,950	3,860
Deferred tax liability, net		$ 20,598	$ 21,207
[1] As of September 30, 2024 , the Company had an estimated $ 11.1 million of net operating loss carryforwards, $ 1.7 million of which expires at various dates between December 31, 2026 and December 31, 2035 , which had a net carrying value of $ 1.2 million as of September 30, 2024 .

Income Taxes - Summary of Com_2

Income Taxes - Summary of Components of Deferred and Other Tax Assets and Liabilities (Parenthetical) (Detail) - Medallion Chicago [Member] $ in Millions	9 Months Ended
	Sep. 30, 2024 USD ($)
Income Tax Rate Reconciliation [Line Items]
Net operating loss carryforwards	$ 11.1
Net operating loss carryforwards expiration period	expires at various dates between December 31, 2026 and December 31, 2035
Net operating loss carryforwards assets	$ 1.2
December 31, 2026 To December 31, 2035 [Member]
Income Tax Rate Reconciliation [Line Items]
Net operating loss carryforwards	$ 1.7

Income Taxes - Summary of Com_3

Income Taxes - Summary of Components of Tax Provision (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Current
Federal	$ 4,899	$ 5,893	$ 11,421	$ 12,349
State	1,533	1,753	3,652	3,717
Deferred
Federal	(1,798)	(689)	(598)	1,761
State	(579)	(230)	(279)	755
Total income tax provision	$ 4,055	$ 6,727	$ 14,196	$ 18,582

Income Taxes - Summary of Recon

Income Taxes - Summary of Reconciliation of Statutory Federal Income Tax Provision to Consolidated Actual Income Tax Provision (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Tax Disclosure [Abstract]
Statutory Federal income tax provision at 21%	$ 2,977	$ 4,088	$ 9,338	$ 13,414
State and local income taxes, net of federal income tax benefit	583	800	1,827	2,624
Non-deductible expenses	427	624	2,582	1,701
Valuation allowance against deferred tax assets	0	1,138	0	1,138
Other	68	77	449	(295)
Total income tax provision	$ 4,055	$ 6,727	$ 14,196	$ 18,582

Income Taxes - Summary of Rec_2

Income Taxes - Summary of Reconciliation of Statutory Federal Income Tax Provision to Consolidated Actual Income Tax Provision (Parenthetical) (Detail)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Tax Disclosure [Abstract]
Statutory Federal income tax provision percentage	21%	21%	21%	21%

Stock Options and Restricted _3

Stock Options and Restricted Stock - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions		3 Months Ended						9 Months Ended			12 Months Ended
	Jun. 15, 2018	Sep. 30, 2024		Jun. 30, 2024		Mar. 31, 2024		Sep. 30, 2024		Sep. 30, 2023	Dec. 31, 2023		Dec. 31, 2022	Feb. 29, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock option outstanding		935,456	[1]	943,041	[1]	946,054	[1]	935,456	[1]		959,522		1,061,849
Stock option exercisable		848,069	[1]					848,069	[1]		697,647
Unvested shares of common stock outstanding		87,387		88,299		88,445		87,387			261,875
Number of shares vested and settled								237,215
Intrinsic value of options vested								$ 0.4
Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares outstanding		330,701						330,701
Number of shares outstanding, vested restricted stock units		237,215						237,215
Restricted Stock Units [Member] | Vest on June 11, 2025 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares, granted								92,350
Weighted average grant price, granted								$ 8.23
Restricted Stock Units [Member] | Vest on June 22, 2024 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares, granted											83,158
Weighted average grant price, granted											$ 9.14
Restricted Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares outstanding		876,444	[2]	887,665	[2]	889,361	[2]	876,444	[2]		995,376		857,288
Number of shares vested and settled		0		0		400,985	[3]				248,898	[3]
Weighted average fair value of options granted								$ 0		$ 0
Number of shares, granted		0		0		296,178		296,178		316,483	399,793
Weighted average grant price, granted		$ 0		$ 0		$ 8.97					$ 8.34
PSU [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares outstanding		512,131		512,131		512,131		512,131			296,444		0
Number of shares vested and settled		0		0		0					0
Number of shares, granted		0		0		215,687					296,444
Weighted average grant price, granted		$ 0		$ 0		$ 8.97					$ 6.08
Unvested Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares outstanding, performance stock units		512,131						512,131
Maximum [Member] | PSU [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights, percentage											200%
Minimum [Member] | PSU [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights, percentage											0%
2018 Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for grant		5,710,968						5,710,968
Shares were rolled into the 2018 Plan		1,375,031						1,375,031
2018 Equity Incentive Plan [Member] | Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares outstanding		93,486						93,486
2018 Restricted Stock Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested shares of common stock outstanding		876,444						876,444
2015 Director Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for grant	258,334													300,000
2015 Director Plan [Member] | Non Employee Director One [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for grant	12,000
2015 Director Plan [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	10 years
Amended Director Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for grant														200,000
Number of additional shares available for issuance				0
Amended Director Plan [Member] | Director [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for grant				9,000
Amended Director Plan [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	10 years
[1] The aggregate intrinsic value of outstanding options, which represents the difference between the price of the Company’s common stock at September 30, 2024 and the related exercise price of the underlying options, was $ 1.5 million for outstanding options and $ 1.4 million for vested options. The remaining contractual life was 5.4 years for outstanding options and 5.3 years for vested options at September 30, 2024 The aggregate fair value of the restricted stock was $ 7.1 million as of September 30, 2024 . The remaining vesting period was 2.4 years at September 30, 2024 . The aggregate fair value of the restricted stock vested was $ 2.7 million for the nine months ended September 30, 2024 and $ 2.1 million for the year ended December 31, 2023

Stock Options and Restricted _4

Stock Options and Restricted Stock - Summary of Activity for Performance Stock Units and Restricted Stock Programs (Detail) - $ / shares		3 Months Ended						9 Months Ended			12 Months Ended
		Sep. 30, 2024		Jun. 30, 2024		Mar. 31, 2024		Sep. 30, 2024		Sep. 30, 2023	Dec. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares, vested								(237,215)
Grant price per share, cancelled, lower limit	[1]					$ 4.89
Grant price per share, cancelled, upper limit	[1]					$ 7.25
Restricted Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares, beginning balance		887,665	[2]	889,361	[2]	995,376		995,376		857,288	857,288
Number of shares, granted		0		0		296,178		296,178		316,483	399,793
Number of shares, cancelled		(11,221)		(1,696)		(1,208)					(12,807)
Number of shares, vested		0		0		(400,985)	[3]				(248,898)	[3]
Number of shares, ending balance		876,444	[2]	887,665	[2]	889,361	[2]	876,444	[2]		995,376
Grant price per share, lower range limit beginning balance		$ 4.89	[2]	$ 4.89	[2]	$ 4.89		$ 4.89		$ 4.89	$ 4.89
Grant price per share, upper range limit beginning balance		9.37	[2]	9.37	[2]	9.37		9.37		7.25	7.25
Grant price per share, granted, lower limit											7.67
Grant price per share, granted, upper limit		0		0		8.97					9.37
Grant price per share, cancelled, lower limit		4.89		4.89		6.86					4.89
Grant price per share, cancelled, upper limit		9.37		9.37		9.37					8.4
Grant price per share, vested, lower limit	[3]					4.89					4.89
Grant price per share, vested, upper limit		0		0		8.4	[3]				7.68	[3]
Grant price per share, lower range limit ending balance		4.89	[2]	4.89	[2]	4.89	[2]	4.89	[2]		4.89
Grant price per share, upper range limit ending balance		9.37	[2]	9.37	[2]	9.37	[2]	9.37	[2]		9.37
Weighted average grant price beginning balance		8.18	[2]	8.18	[2]	7.74		7.74		$ 7.27	7.27
Weighted average grant price, granted		0		0		8.97					8.34
Weighted average grant price, cancelled		7.74		7.88		8.13					7.24
Weighted average grant price, vested				0		7.69	[3]				7.1	[3]
Weighted average grant price, ending balance		$ 8.18	[2]	$ 8.18	[2]	$ 8.18	[2]	$ 8.18	[2]		$ 7.74
PSU [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares, beginning balance		512,131		512,131		296,444		296,444		0	0
Number of shares, granted		0		0		215,687					296,444
Number of shares, cancelled		0		0		0					0
Number of shares, vested		0		0		0					0
Number of shares, ending balance		512,131		512,131		512,131		512,131			296,444
Grant price per share, lower range limit beginning balance		$ 6.08		$ 6.08
Grant price per share, upper range limit beginning balance		8.97		8.97		$ 6.08		$ 6.08		$ 0	$ 0
Grant price per share, granted, upper limit		0		0		8.97					6.08
Grant price per share, cancelled, upper limit		0		0		0					0
Grant price per share, vested, upper limit		0		0		0					0
Grant price per share, lower range limit ending balance		6.08		6.08		6.08		6.08
Grant price per share, upper range limit ending balance		8.97		8.97		8.97		8.97			6.08
Weighted average grant price beginning balance		7.3		7.3		6.08		6.08		$ 0	0
Weighted average grant price, granted		0		0		8.97					6.08
Weighted average grant price, cancelled		0		0		0					0
Weighted average grant price, vested		0		0		0					0
Weighted average grant price, ending balance		$ 7.3		$ 7.3		$ 7.3		$ 7.3			$ 6.08
[1] The intrinsic value of the options vested was $ 0.4 million for the nine months ended September 30, 2024 The aggregate fair value of the restricted stock was $ 7.1 million as of September 30, 2024 . The remaining vesting period was 2.4 years at September 30, 2024 . The aggregate fair value of the restricted stock vested was $ 2.7 million for the nine months ended September 30, 2024 and $ 2.1 million for the year ended December 31, 2023

Stock Options and Restricted _5

Stock Options and Restricted Stock - Summary of Activity for Performance Stock Units and Restricted Stock Programs (Parenthetical) (Detail) - Restricted Shares [Member] - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate fair value of restricted stock vested	$ 2.7	$ 2.1
Aggregate fair value of restricted stock outstanding	$ 7.1
Remaining vesting period of restricted stock	2 years 4 months 24 days

Stock Options and Restricted _6

Stock Options and Restricted Stock - Summary of Activity for Stock Option Programs (Detail) - $ / shares		3 Months Ended						12 Months Ended
		Sep. 30, 2024		Jun. 30, 2024		Mar. 31, 2024		Dec. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options beginning balance		943,041	[1]	946,054	[1]	959,522		1,061,849
Granted		0		0		0		0
Cancelled		(1,733)		(146)		(85)		(33,382)
Exercised	[2]	(5,852)		(2,867)		(13,383)		(68,945)
Number of options ending balance		935,456	[1]	943,041	[1]	946,054	[1]	959,522
Options exercisable		848,069	[1]					697,647
Exercise price per share, lower range limit beginning balance		$ 2.14	[1]	$ 2.14	[1]	$ 2.14		$ 2.14
Exercise price per share, upper range limit beginning balance		9.38	[1]	9.38	[1]	9.38		9.38
Exercise price per share, granted		0		0		0		0
Exercise price per share, lower range limit ending balance		2.14	[1]	2.14	[1]	2.14	[1]	2.14
Exercise price per share, upper range limit ending balance		9.38	[1]	9.38	[1]	9.38	[1]	9.38
Exercise price per share, option exercisable lower range limit		2.14	[1]					2.14
Exercise price per share, option exercisable upper range limit		9.38	[1]					9.38
Weighted average exercise price, beginning balance		6.51	[1]	6.51	[1]	6.51		6.51
Weighted average exercise price, granted		0		0		0		0
Weighted average exercise price, cancelled		0		4.89		4.89		6.8
Weighted average exercise price, exercised	[2]			6.14		6.61		6.44
Weighted average exercise price, ending balance		6.51	[1]	6.51	[1]	6.51	[1]	6.51
Weighted average exercise price, options exercisable		6.52	[1]					6.51
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price per share, cancelled								4.89
Exercise price per share, exercised	[2]			4.89		4.89		4.89
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price per share, cancelled		0		4.89		4.89		9.38
Exercise price per share, exercised	[2]	$ 0		$ 7.25		$ 7.25		$ 7.25
[1] The aggregate intrinsic value of outstanding options, which represents the difference between the price of the Company’s common stock at September 30, 2024 and the related exercise price of the underlying options, was $ 1.5 million for outstanding options and $ 1.4 million for vested options. The remaining contractual life was 5.4 years for outstanding options and 5.3 years for vested options at September 30, 2024 The aggregate intrinsic value of exercised options, which represents the difference between the price of the Company’s common stock at the exercise date and the related exercise price of the underlying options, was less than $ 0.1 million for the three and nine months ended September 30, 2024 and was $ 0.1 million for the year ended December 31, 2023 .

Stock Options and Restricted _7

Stock Options and Restricted Stock - Summary of Activity for Stock Option Programs (Parenthetical) (Detail) - USD ($) $ in Millions	3 Months Ended	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2024	Dec. 31, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Aggregate intrinsic value for option exercised			$ 0.1
Aggregate intrinsic value of option outstanding	$ 1.5	$ 1.5
Aggregate intrinsic value of option vested	1.4	$ 1.4
Remaining contractual life of option outstanding		5 years 4 months 24 days
Remaining contractual life of option vested		5 years 3 months 18 days
Maximum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Aggregate intrinsic value for option exercised	$ 0.1	$ 0.1

Stock Options and Restricted _8

Stock Options and Restricted Stock - Summary of Activity for Unvested Options Outstanding (Detail) - $ / shares		3 Months Ended			9 Months Ended	12 Months Ended
		Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2024	Dec. 31, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Nonvested, Number of Shares [Roll Forward]
Number of options beginning balance		88,299	88,445	261,875	261,875
Number of options, granted		0	0	0		0
Number of options, cancelled		(912)	(146)
Number of options, vested	[1]			(173,430)
Number of options ending balance		87,387	88,299	88,445	87,387	261,875
Exercise price per share beginning balance, Lower limit		$ 4.89	$ 4.89	$ 4.89	$ 4.89
Exercise price per share beginning balance, Upper limit		6.79	6.79	7.25	7.25
Exercise price per share, Cancelled, Upper limit		4.89	4.89
Exercise price per share, Vested, Lower limit	[1]			4.89
Exercise price per share, Vested, Upper limit	[1]			7.25
Exercise price per share ending balance, Lower limit		4.89	4.89	4.89	4.89	$ 4.89
Exercise price per share ending balance, Upper limit		7.25	6.79	6.79	7.25	7.25
Weighted average exercise price		6.37	6.37	6.49	6.49
Weighted average exercise price, cancelled		4.89	4.89
Weighted average exercise price, vested	[1]			6.56
Weighted average exercise price		$ 6.49	$ 6.37	$ 6.37	$ 6.49	$ 6.49
[1] The intrinsic value of the options vested was $ 0.4 million for the nine months ended September 30, 2024

Stock Options and Restricted _9

Stock Options and Restricted Stock - Summary of Activity for Unvested Options Outstanding (Parenthetical) (Detail) $ in Millions	9 Months Ended
	Sep. 30, 2024 USD ($)
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Nonvested, Number of Shares [Roll Forward]
Intrinsic value of options vested	$ 0.4

Segment Reporting - Additional

Segment Reporting - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2024 Segment
Segment Reporting Disclosure [Line Items]
Number of business segments	5
Number of operating segments	4
Number of non-operating segments	1
Roofs [Member]
Segment Reporting Disclosure [Line Items]
Loan outstanding percent	38%
Swimming Pools [Member]
Segment Reporting Disclosure [Line Items]
Loan outstanding percent	24%
Windows [Member]
Segment Reporting Disclosure [Line Items]
Loan outstanding percent	13%
Other Product Lines [Member]
Segment Reporting Disclosure [Line Items]
Loan outstanding percent	10%
Texas [Member]
Segment Reporting Disclosure [Line Items]
Loan outstanding percent	16%
Texas [Member] | Home Improvement [Member]
Segment Reporting Disclosure [Line Items]
Loan outstanding percent	11%
Florida [Member]
Segment Reporting Disclosure [Line Items]
Loan outstanding percent	10%
Florida [Member] | Home Improvement [Member]
Segment Reporting Disclosure [Line Items]
Loan outstanding percent	11%
Other States [Member]
Segment Reporting Disclosure [Line Items]
Loan outstanding percent	10%
Other States [Member] | Home Improvement [Member]
Segment Reporting Disclosure [Line Items]
Loan outstanding percent	10%
Geographic Concentration Risk [Member] | Sales Revenue Net [Member] | Recreational Vehicles [Member]
Segment Reporting Disclosure [Line Items]
Aggregate percentage of loans lending	55%
Geographic Concentration Risk [Member] | Sales Revenue Net [Member] | Boats [Member]
Segment Reporting Disclosure [Line Items]
Aggregate percentage of loans lending	20%
Geographic Concentration Risk [Member] | Sales Revenue Net [Member] | Cars [Member]
Segment Reporting Disclosure [Line Items]
Aggregate percentage of loans lending	11%
Geographic Concentration Risk [Member] | Sales Revenue Net [Member] | Other Product Lines [Member]
Segment Reporting Disclosure [Line Items]
Aggregate percentage of loans lending	10%
Commercial Lending Segment | Manufacturing [Member]
Segment Reporting Disclosure [Line Items]
Loan outstanding percent	55%
Commercial Lending Segment | Construction [Member]
Segment Reporting Disclosure [Line Items]
Loan outstanding percent	14%
Commercial Lending Segment | Wholesale Trade [Member]
Segment Reporting Disclosure [Line Items]
Loan outstanding percent	11%
Commercial Lending Segment | Other Product Lines [Member]
Segment Reporting Disclosure [Line Items]
Loan outstanding percent	10%
Commercial Lending Segment | California [Member]
Segment Reporting Disclosure [Line Items]
Loan outstanding percent	30%
Commercial Lending Segment | Wisconsin [Member]
Segment Reporting Disclosure [Line Items]
Loan outstanding percent	11%
Commercial Lending Segment | Texas [Member]
Segment Reporting Disclosure [Line Items]
Loan outstanding percent	10%
Commercial Lending Segment | Geographic Concentration Risk [Member] | Sales Revenue Net [Member] | Other Product Lines [Member]
Segment Reporting Disclosure [Line Items]
Aggregate percentage of loans lending	10%

Segment Reporting - Schedule of

Segment Reporting - Schedule of Segment Data (Detail) - USD ($) $ in Thousands	3 Months Ended								9 Months Ended
	Sep. 30, 2024		Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023		Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2024		Sep. 30, 2023		Dec. 31, 2023
Segment Reporting Disclosure [Line Items]
Total interest income	$ 76,409				$ 65,886				$ 214,183		$ 183,455
Total interest expense	23,672				17,102				63,661		44,379
Net interest income (loss)	52,737				48,784				150,522		139,076
Provision (benefit) for credit losses	20,151				14,532				55,929		27,045
Net interest income after provision for credit losses	32,586				34,252				94,593		112,031
Other income (loss), net	587				4,306				7,089		8,332
Operating expenses	(18,995)				(19,089)				(57,215)		(56,484)
Income before income taxes	14,178				19,469				44,467		63,879
Income tax (provision) benefit	(4,055)				(6,727)				(14,196)		(18,582)
Net income (loss) after taxes	10,123		$ 8,613	$ 11,536	12,742		$ 15,682	$ 16,873	30,271		45,297
Income attributable to the non-controlling interest	1,512				1,512				4,535		4,536
Total net income attributable to Medallion Financial Corp.	8,611				11,230				25,736		40,761
Balance Sheet Data
Total loans	2,388,761								2,388,761				$ 2,131,651
Loans	2,485,279				2,203,038				2,485,279		2,203,038		2,215,886
Total assets	2,880,052		2,880,052		2,558,627				2,880,052		2,558,627		$ 2,587,827
Total funds borrowed	$ 2,397,603				$ 2,099,919				$ 2,397,603		$ 2,099,919
Selected Financial Ratios
Return on average assets	1.43%				2.01%				1.51%		2.52%
Return on average stockholders' equity	9.61%				13.80%				9.79%		17.49%
Return on average equity	9.46%				12.89%				9.62%		15.90%
Interest yield	11.75%				11.28%				11.54%		11.10%
Net interest margin, gross	8.11%				8.35%				8.11%		8.42%
Net interest margin, net of allowance	8.42%				8.64%				8.41%		8.71%
Reserve coverage	3.88%				3.59%				3.88%		3.59%
Delinquency status	0.72%	[1]			0.32%	[2]			0.72%	[3]	0.32%	[4]
Charge-off (recovery) ratio	2.18%	[5]			1.88%	[6]			2.51%	[7]	1.65%	[8]
Operating Segments [Member] | Consumer Lending [Member] | Recreation [Member]
Segment Reporting Disclosure [Line Items]
Total interest income	$ 51,443				$ 44,341				$ 142,860		$ 123,349
Total interest expense	12,566				8,770				33,171		22,254
Net interest income (loss)	38,877				35,571				109,689		101,095
Provision (benefit) for credit losses	17,494				11,877				50,319		29,763
Net interest income after provision for credit losses	21,383				23,694				59,370		71,332
Other income (loss), net	200				128				756		128
Operating expenses	(11,853)				(8,637)				(31,376)		(24,884)
Income before income taxes	9,730				15,185				28,750		46,576
Income tax (provision) benefit	(2,810)				(5,169)				(9,178)		(13,549)
Net income (loss) after taxes	6,920				10,016				19,572		33,027
Balance Sheet Data
Total loans	1,554,629				1,346,440				1,554,629		1,346,440
Total assets	1,505,400		1,505,400		1,307,860				1,505,400		1,307,860
Total funds borrowed	$ 1,253,224				$ 1,074,592				$ 1,253,224		$ 1,074,592
Selected Financial Ratios
Return on average assets	1.81%				3.01%				1.87%		3.56%
Return on average equity	13.35%				19.50%				12.78%		22.56%
Interest yield	13.34%				13.12%				13.32%		13.03%
Net interest margin, gross	10.08%				10.53%				10.23%		10.68%
Net interest margin, net of allowance	10.55%				10.99%				10.65%		11.14%
Reserve coverage	4.53%				4.24%				4.53%		4.24%
Delinquency status	0.50%	[1]			0.45%	[2]			0.50%	[3]	0.45%	[4]
Charge-off (recovery) ratio	3.18%	[5]			2.67%	[6]			3.48%	[7]	2.61%	[8]
Operating Segments [Member] | Consumer Lending [Member] | Home Improvement [Member]
Segment Reporting Disclosure [Line Items]
Total interest income	$ 19,008				$ 16,578				$ 54,106		$ 45,519
Total interest expense	7,033				5,187				18,773		12,660
Net interest income (loss)	11,975				11,391				35,333		32,859
Provision (benefit) for credit losses	4,855				3,860				9,032		10,680
Net interest income after provision for credit losses	7,120				7,531				26,301		22,179
Other income (loss), net	2				1				7		4
Operating expenses	(5,746)				(4,433)				(15,317)		(12,815)
Income before income taxes	1,376				3,099				10,991		9,368
Income tax (provision) benefit	(290)				(1,051)				(3,509)		(2,725)
Net income (loss) after taxes	1,086				2,048				7,482		6,643
Balance Sheet Data
Total loans	814,071				750,508				814,071		750,508
Total assets	798,261		798,261		739,452				798,261		739,452
Total funds borrowed	$ 664,541				$ 607,565				$ 664,541		$ 607,565
Selected Financial Ratios
Return on average assets	0.55%				1.11%				1.31%		1.30%
Return on average equity	3.86%				7.21%				8.69%		8.21%
Interest yield	9.51%				8.88%				9.38%		8.76%
Net interest margin, gross	5.99%				6.10%				6.12%		6.32%
Net interest margin, net of allowance	6.14%				6.24%				6.26%		6.46%
Reserve coverage	2.42%				2.31%				2.42%		2.31%
Delinquency status	0.19%	[1]			0.13%	[2]			0.19%	[3]	0.13%	[4]
Charge-off (recovery) ratio	1.76%	[5]			1.61%	[6]			1.78%	[7]	1.20%	[8]
Operating Segments [Member] | Commercial Lending [Member]
Segment Reporting Disclosure [Line Items]
Total interest income	$ 3,761				$ 3,248				$ 10,944		$ 8,763
Total interest expense	1,063				921				3,217		2,582
Net interest income (loss)	2,698				2,327				7,727		6,181
Provision (benefit) for credit losses	252				621				946		835
Net interest income after provision for credit losses	2,446				1,706				6,781		5,346
Other income (loss), net	(414)				2,322				3,774		2,936
Operating expenses	(1,235)				(1,129)				(3,657)		(2,696)
Income before income taxes	797				2,899				6,898		5,586
Income tax (provision) benefit	(159)				(907)				(2,202)		(1,625)
Net income (loss) after taxes	638				1,992				4,696		3,961
Balance Sheet Data
Total loans	110,143				100,322				110,143		100,322
Total assets	105,232		105,232		97,298				105,232		97,298
Total funds borrowed	$ 87,604				$ 79,944				$ 87,604		$ 79,944
Selected Financial Ratios
Return on average assets	2.41%				8.12%				5.92%		5.33%
Return on average equity	16.38%				52.31%				38.63%		33.61%
Interest yield	13.57%				13.05%				13.20%		12.11%
Net interest margin, gross	9.74%				9.35%				9.32%		8.55%
Net interest margin, net of allowance	10.19%				9.61%				9.69%		8.79%
Reserve coverage	4.64%				3.10%				4.64%		3.10%
Delinquency status	7.39%	[1]			0.07%	[2]			7.39%	[3]	0.07%	[4]
Charge-off (recovery) ratio	0%	[5]			0%	[6]			(0.02%)	[7]	1.23%	[8]
Operating Segments [Member] | Taxi Medallion Lending [Member]
Segment Reporting Disclosure [Line Items]
Total interest income	$ 184				$ 342				$ 514		$ 1,439
Total interest expense	30				(69)				83		44
Net interest income (loss)	154				411				431		1,395
Provision (benefit) for credit losses	(2,450)				(1,772)				(4,368)		(14,167)
Net interest income after provision for credit losses	2,604				2,183				4,799		15,562
Other income (loss), net	321				1,404				1,294		4,327
Operating expenses	(1,444)				(1,421)				(3,560)		(4,191)
Income before income taxes	1,481				2,166				2,533		15,698
Income tax (provision) benefit	(457)				(955)				(809)		(4,567)
Net income (loss) after taxes	1,024				1,211				1,724		11,131
Balance Sheet Data
Total loans	3,243				3,927				3,243		3,927
Total assets	6,208		6,208		17,258				6,208		17,258
Total funds borrowed	$ 5,168				$ 14,180				$ 5,168		$ 14,180
Selected Financial Ratios
Return on average assets	50.54%				26.70%				26.64%		73.52%
Return on average equity	302.61%				172.77%				155.33%		463.36%
Interest yield	21.96%				35.22%				20.59%		29.27%
Net interest margin, gross	18.38%				42.32%				16.65%		28.38%
Net interest margin, net of allowance	30.60%				77.54%				27.99%		72.66%
Reserve coverage	39.78%				42.97%				39.78%		42.97%
Delinquency status	0%	[1]			0%	[2]			0%	[3]	0%	[4]
Charge-off (recovery) ratio	(279.58%)	[5]			(172.06%)	[6]			(159.26%)	[7]	(130.08%)	[8]
Intersegment Eliminations [Member]
Segment Reporting Disclosure [Line Items]
Total interest income	$ 2,013				$ 1,377				$ 5,759		$ 4,385
Total interest expense	2,980				2,293				8,417		6,839
Net interest income (loss)	(967)				(916)				(2,658)		(2,454)
Provision (benefit) for credit losses	0				(54)				0		(66)
Net interest income after provision for credit losses	(967)				(862)				(2,658)		(2,388)
Other income (loss), net	478				451				1,258		937
Operating expenses	1,283				(3,469)				(3,305)		(11,898)
Income before income taxes	794				(3,880)				(4,705)		(13,349)
Income tax (provision) benefit	(339)				1,355				1,502		3,884
Net income (loss) after taxes	455				(2,525)				(3,203)		(9,465)
Balance Sheet Data
Total loans	3,193				1,841				3,193		1,841
Total assets	464,951		$ 464,951		396,759				464,951		396,759
Total funds borrowed	$ 387,066				$ 323,638				$ 387,066		$ 323,638
Selected Financial Ratios
Return on average assets	0.41%				(2.56%)				(0.96%)		(3.31%)
Return on average equity	2.57%				(16.56%)				(6.24%)		(20.93%)
[1] Loans 90 days or more past due. Loans 90 days or more past due. Loans 90 days or more past due. Loans 90 days or more past due. Negative balances indicate net recoveries for the period. Negative balances indicate net recoveries for the period. Negative balances indicate net recoveries for the period. Negative balances indicate net recoveries for the period.

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2024 USD ($)
Commitments And Contingencies [Abstract]
Employment agreements expiration description	employment agreements expire at various dates through 2027
Future minimum payments	$ 8,800,000
Other commitment	$ 0

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) - Senior Vice President [Member] - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Related Party Transaction [Line Items]
Salary from related party	$ 260,988	$ 250,950
Annual cash bonus	95,000	85,000
Equity bonus	$ 52,000	$ 50,000

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Summary of Carrying Values and Fair Values of Financial Instruments (Detail) - USD ($) $ in Thousands		Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023
Financial assets
Equity investments		$ 9,897	$ 11,430
Investment securities		56,754	54,282
Loans receivable		2,485,279	2,215,886	$ 2,203,038
Equity securities, fair value		1,800	1,700
Carrying Amount [Member]
Financial assets
Cash, cash equivalents, and federal funds sold	[1]	187,929	149,845
Equity investments		9,897	11,430
Investment securities		56,754	54,282
Loans receivable		2,388,761	2,131,651
Accrued interest receivable	[2]	14,108	13,538
Equity securities, fair value	[3]	1,785	1,748
Financial liabilities
Funds borrowed		2,397,603	2,118,689
Accrued interest payable	[2]	6,888	6,822
Fair Value Recurring [Member]
Financial assets
Cash, cash equivalents, and federal funds sold	[1]	187,929	149,845
Equity investments		9,897	11,430
Investment securities		56,754	54,282
Loans receivable		2,395,235	2,131,651
Accrued interest receivable	[2]	14,108	13,538
Equity securities, fair value	[3]	1,785	1,748
Financial liabilities
Funds borrowed		2,428,246	2,118,689
Accrued interest payable	[2]	$ 6,888	$ 6,822
[1] Categorized as level 1 within the fair value hierarchy, excluding $ 1.3 million in interest bearing deposits categorized as level 2 as of both September 30, 2024 and December 31, 2023 . See Note 13. Categorized as level 3 within the fair value hierarchy. See Note 13. Included within other assets on the balance sheet.

Fair Value of Financial Instr_4

Fair Value of Financial Instruments - Summary of Carrying Values and Fair Values of Financial Instruments (Parenthetical) (Detail) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Interest-bearing funds deposited in other banks	$ 1,300
Fair Value Recurring [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Interest-bearing funds deposited in other banks	1,250	$ 1,250
Fair Value Recurring [Member] | Level 2 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Interest-bearing funds deposited in other banks	$ 1,250	$ 1,250

Fair Value of Assets and Liab_3

Fair Value of Assets and Liabilities - Summary of Assets and Liabilities Measured at Fair Value on a Recurring Basis (Detail) - USD ($) $ in Thousands		Sep. 30, 2024		Dec. 31, 2023
Assets
Interest-bearing deposits		$ 1,300
Equity securities, fair value		1,800		$ 1,700
Fair Value Recurring [Member]
Assets
Interest-bearing deposits		1,250		1,250
Investment securities		56,754	[1]	54,282	[2]
Equity securities, fair value	[3]	1,785		1,748
Total		59,789		57,280
Fair Value Recurring [Member] | Level 1 [Member]
Assets
Equity securities, fair value		1,785		1,748
Total		1,785		1,748
Fair Value Recurring [Member] | Level 2 [Member]
Assets
Interest-bearing deposits		1,250		1,250
Investment securities		56,754	[1]	54,282	[2]
Total		$ 58,004		$ 55,532
[1] Total unrealized gain of $ 1.5 million and unrealized loss of less than $ 1.4 million, net of tax, related to these assets was included in other comprehensive income for the three and nine months ended September 30, 2024 . Total unrealized losses of $ 0.3 million, net of tax, related to these assets was included in other comprehensive loss for the year ended December 31, 2023 . Included within other assets on the balance sheet.

Fair Value of Assets and Liab_4

Fair Value of Assets and Liabilities - Summary of Assets and Liabilities Measured at Fair Value on a Recurring Basis (Parenthetical) (Detail) - USD ($) $ in Millions	3 Months Ended	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net change in unrealized gains (losses) on investments, net of tax	$ 1.5		$ (0.3)
Maximum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net change in unrealized gains (losses) on investments, net of tax		$ (1.4)

Fair Value of Assets and Liab_5

Fair Value of Assets and Liabilities - Summary of Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis (Detail) - USD ($) $ in Thousands	Sep. 30, 2024		Jun. 30, 2024	Dec. 31, 2023		Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022
Assets
Equity investments	$ 1,800			$ 1,700
Nonaccrual loans	14,000			14,000
Loan collateral in process of foreclosure	8,818	[1]	$ 9,359	11,772	[1]	$ 15,923	$ 16,803	$ 21,819
Fair Value, Nonrecurring
Assets
Equity investments	9,897			11,430
Nonaccrual loans	23,985			25,974
Loan collateral in process of foreclosure	8,818			11,772
Total	42,700			49,176
Fair Value, Nonrecurring | Level 3 [Member]
Assets
Equity investments	9,897			11,430
Nonaccrual loans	23,985			25,974
Loan collateral in process of foreclosure	8,818			11,772
Total	$ 42,700			$ 49,176
[1] Includes financed sales of this collateral to third parties that are reported separately from the loan portfolio, of $ 4.6 million as of September 30, 2024 and $ 6.2 million as of December 31, 2023 .

Fair Value of Assets and Liab_6

Fair Value of Assets and Liabilities - Summary of Valuation Techniques and Significant Unobservable Inputs Used in Non-Recurring Level 3 Fair Value Measurements of Assets and Liabilities (Detail)	9 Months Ended		12 Months Ended
	Sep. 30, 2024 USD ($) $ / shares		Dec. 31, 2023 USD ($) $ / shares		Jun. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Jun. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Equity investments	$ 1,800,000		$ 1,700,000
Principal portion of loans serviced, fair value	14,000,000		14,000,000
Loan collateral in process of foreclosure	$ 8,818,000	[1]	$ 11,772,000	[1]	$ 9,359,000	$ 15,923,000	$ 16,803,000	$ 21,819,000
Equity Investments [Member] | Precedent Market Transactions [Member] | Equity Method Offering Price [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Equity Value | $ / shares	$ 8.73		$ 8.73
Nonaccrual Loans [Member] | Market Approach [Member] | Historical and Actual Loss Experience [Member] | Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans value	0		0
Nonaccrual Loans [Member] | Market Approach [Member] | Historical and Actual Loss Experience [Member] | Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans value	0.5896		0.2848
Nonaccrual Loans [Member] | Market Approach [Member] | Measurement Input Transfer Prices [Member] | Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Principal portion of loans serviced, fair value	$ 0	[2]	$ 0	[3]
Nonaccrual Loans [Member] | Market Approach [Member] | Measurement Input Transfer Prices [Member] | Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Principal portion of loans serviced, fair value	79,500	[2]	79,500	[3]
Loan Collateral in Process of Foreclosure [Member] | Market Approach [Member] | Collateral Value [Member] | Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loan collateral in process of foreclosure value	2,300	[4]	2,300	[5]
Loan Collateral in Process of Foreclosure [Member] | Market Approach [Member] | Collateral Value [Member] | Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loan collateral in process of foreclosure value	49,100	[4]	45,000	[5]
Loan Collateral in Process of Foreclosure [Member] | Market Approach [Member] | Measurement Input Transfer Prices [Member] | Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loan collateral in process of foreclosure value	0	[2]	0	[3]
Loan Collateral in Process of Foreclosure [Member] | Market Approach [Member] | Measurement Input Transfer Prices [Member] | Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loan collateral in process of foreclosure value	79,500	[2]	79,500	[3]
Level 3 [Member] | Equity Investments [Member] | Investee Financial Analysis [Member] | Measurement Input Financial Condition and Operational Performance [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Equity investments	9,624,000		11,157,000
Level 3 [Member] | Equity Investments [Member] | Precedent Market Transactions [Member] | Equity Method Offering Price [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Equity investments	273,000		273,000
Level 3 [Member] | Nonaccrual Loans [Member] | Market Approach [Member] | Historical and Actual Loss Experience [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Principal portion of loans serviced, fair value	23,985,000		25,974,000
Level 3 [Member] | Loan Collateral in Process of Foreclosure [Member] | Market Approach [Member] | Measurement Input Transfer Prices [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loan collateral in process of foreclosure	$ 8,818,000		$ 11,772,000
[1] Includes financed sales of this collateral to third parties that are reported separately from the loan portfolio, of $ 4.6 million as of September 30, 2024 and $ 6.2 million as of December 31, 2023 . Represents amount net of liquidation costs. Represents amount net of liquidation costs. Relates to the recreation loan portfolio. Relates to the recreation loan portfolio.

Medallion Bank Preferred Stoc_2

Medallion Bank Preferred Stock (Non-controlling Interest) - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions			9 Months Ended
	Dec. 17, 2019	Jul. 21, 2011	Sep. 30, 2024	Dec. 31, 2021
Changes In Equity And Comprehensive Income Line Items [Line Items]
Investment, Type [Extensible Enumeration]				us-gaap:EquitySecuritiesMember
Capital Purchase Program [Member]
Changes In Equity And Comprehensive Income Line Items [Line Items]
US Treasury shares purchased		26,303
Investment, Type [Extensible Enumeration]		U.S. Treasury Securities [Member]
Preferred stock, liquidation preference per share			$ 1,000
Series F Fixed-to-Floating Rate Non-cumulative Perpetual Preferred Stock [Member]
Changes In Equity And Comprehensive Income Line Items [Line Items]
Initial public offering shares	1,840,000
Preferred stock, aggregate liquidation amount	$ 46
Preferred stock, net of liquidation amount	$ 42.5
Percentage of dividend payment rate	8%
Percentage of liquidation rate basis	6.46%
Dividend description of variable rate basis	three month Secured Overnight Financing Rate, or SOFR
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]	Secured Overnight Financing Rate (SOFR) [Member]
Investment, Variable Interest Rate, Type [Extensible Enumeration]	Secured Overnight Financing Rate (SOFR) [Member]
Series E Senior Non-Cumulative Perpetual Preferred Stock [Member] | Capital Purchase Program [Member]
Changes In Equity And Comprehensive Income Line Items [Line Items]
Percentage of dividend payment rate			9%
Aggregate purchase price		$ 26.3