Medallion Bank (MBNKP) 10-Q 10 Aug 20 2020 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2020	Aug. 06, 2020
Document and Entity Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
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		24,816,376
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
Common Stock [Member]
Document and Entity Information [Line Items]
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	MFIN
Security Exchange Name	NASDAQ
9.000% Senior Notes due 2021 [Member]
Document and Entity Information [Line Items]
Title of 12(b) Security	9.000% Senior Notes due 2021
Trading Symbol	MFINL
Security Exchange Name	NASDAQ

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands		Jun. 30, 2020		Dec. 31, 2019
Assets
Cash and cash equivalents	[1]	$ 18,702		$ 17,700
Federal funds sold		85,182		50,121
Equity investments		10,389		10,079
Investment securities		47,495		48,998
Loans		1,260,594		1,160,855
Allowance for losses		(66,977)	[2],[3]	(46,093)
Net loans receivable		1,193,617		1,114,762
Accrued interest receivable		10,643		8,662
Property, equipment, and right-of-use lease asset, net		13,259		14,375
Loan collateral in process of foreclosure	[4]	47,375		52,711
Goodwill		150,803		150,803
Intangible assets, net		51,814		52,536
Income tax receivable		977		1,516
Other assets		21,487		19,404
Total assets		1,651,743		1,541,667
Liabilities
Accounts payable and accrued expenses	[5]	20,647		16,234
Accrued interest payable		4,497		4,398
Deposits	[6]	1,075,322		951,651
Short-term borrowings		60,889		38,223
Deferred tax liabilities		5,562		9,341
Operating lease liabilities		11,655		12,738
Long-term debt	[7]	154,874		174,614
Total liabilities		1,333,446		1,207,199
Commitments and contingencies	[8]
Stockholders’ equity
Preferred stock (1,000,000 shares of $0.01 par value stock authorized-none outstanding)
Common stock (50,000,000 shares of $0.01 par value stock authorized- 27,767,619 shares at June 30, 2020 and 27,597,802 shares at December 31, 2019 issued)		278		276
Additional paid in capital		276,495		275,511
Treasury stock (2,951,243 shares at June 30, 2020 and December 31, 2019)		(24,919)		(24,919)
Accumulated other comprehensive income		2,127		999
Retained earnings (deficit)		(6,339)		11,281
Total stockholders’ equity		247,642		263,148
Non-controlling interest in consolidated subsidiaries		70,655		71,320
Total equity		318,297		334,468
Total liabilities and equity		$ 1,651,743		$ 1,541,667
Number of shares outstanding		24,816,376		24,646,559
Book value per share		$ 9.98		$ 10.68
[1]	Includes restricted cash of $2,970 as of June 30, 2020 and December 31, 2019.
[2]	As of June 30, 2020, there was no allowance for loan loss and net charge-offs related to the strategic partnership loans.
[3]	Includes $2,025 of a general reserve for the Company, for current and performing medallion loans under 90 days past due, as an additional buffer against future losses, representing 3% of the total allowance, and 1.94% of the medallion loans under 90 days past due as of June 30, 2020. This figure excludes $17,351 of a general reserve on loans at the Bank, which was netted against loan balances at consolidation on April 2, 2018. Subsequent to April 2, 2018, the Bank recorded a general reserve benefit of $11,555.
[4]	Includes financed sales of this collateral to third parties that are reported separately from the loan portfolio, and that are conducted by the Bank of $9,265 as of June 30, 2020 and $8,163 as of December 31, 2019.
[5]	Includes the short-term portion of lease liabilities of $2,117 and $2,085 as of June 30, 2020 and December 31, 2019. Refer to Note 6 for more details.
[6]	Includes $2,573 and $2,594 of deferred financing costs as of June 30, 2020 and December 31, 2019.
[7]	Includes $2,136 and $2,511 of deferred financing costs as of June 30, 2020 and December 31, 2019.
[8]	Refer to Note 1 0 for details.

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
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	27,767,619	27,597,802
Treasury stock,shares	2,951,243	2,951,243
Restricted cash	$ 2,970	$ 2,970
Loan collateral in process of foreclosure, financed sales collateral to third parties	9,265	8,163
Short term lease liabilities	2,117	2,085
Deposits [Member]
Deferred financing costs	2,573	2,594
Long-Term Debt [Member]
Deferred financing costs	$ 2,136	$ 2,511

Consolidated Statement of Incom

Consolidated Statement of Income - USD ($)		3 Months Ended		6 Months Ended
		Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Income Statement [Abstract]
Interest and fees on loans		$ 35,324,000	$ 31,313,000	$ 70,343,000	$ 60,752,000
Interest and dividends on investment securities		264,000	669,000	734,000	1,235,000
Medallion lease income			33,000	53,000	71,000
Total interest income	[1]	35,588,000	32,015,000	71,130,000	62,058,000
Interest on deposits		5,920,000	5,485,000	11,861,000	10,406,000
Interest on short-term borrowings		481,000	904,000	1,045,000	1,886,000
Interest on long-term debt		2,434,000	2,432,000	4,929,000	4,251,000
Total interest expense	[2]	8,835,000	8,821,000	17,835,000	16,543,000
Net interest income		26,753,000	23,194,000	53,295,000	45,515,000
Provision for loan losses		16,941,000	15,171,000	33,482,000	28,514,000
Net interest income after provision for loan losses		9,812,000	8,023,000	19,813,000	17,001,000
Other income (loss)
Sponsorship and race winnings		3,626,000	4,889,000	6,199,000	8,068,000
Write-down of loan collateral in process of foreclosure		(983,000)	(1,972,000)	(7,269,000)	(4,091,000)
Impairment of equity investments		(1,000)		(3,560,000)
Gain on the extinguishment of debt					4,145,000
Other income (loss)		614,000	(1,234,000)	906,000	424,000
Total other income (loss), net		3,256,000	1,683,000	(3,724,000)	8,546,000
Other expenses
Salaries and employee benefits		6,702,000	6,321,000	13,635,000	11,662,000
Professional fees		1,319,000	2,048,000	4,908,000	3,684,000
Race team related expenses		1,818,000	2,550,000	3,948,000	4,548,000
Loan servicing fees		1,729,000	1,293,000	3,341,000	2,487,000
Collection costs		1,461,000	2,253,000	2,690,000	2,891,000
Rent expense		631,000	577,000	1,328,000	1,177,000
Regulatory fees		236,000	448,000	601,000	895,000
Amortization of intangible assets		361,000	362,000	722,000	723,000
Travel, meals, and entertainment		32,000	205,000	240,000	470,000
Other expenses		1,897,000	2,127,000	4,044,000	4,349,000
Total other expenses		16,186,000	18,184,000	35,457,000	32,886,000
Loss before income taxes		(3,118,000)	(8,478,000)	(19,368,000)	(7,339,000)
Income tax benefit		853,000	1,835,000	4,102,000	2,091,000
Net loss after taxes		(2,265,000)	(6,643,000)	(15,266,000)	(5,248,000)
Less: income attributable to the non-controlling interest		1,712,000	857,000	2,354,000	1,024,000
Total net loss attributable to Medallion Financial Corp.		$ (3,977,000)	$ (7,500,000)	$ (17,620,000)	$ (6,272,000)
Basic net loss per share		$ (0.16)	$ (0.31)	$ (0.72)	$ (0.26)
Diluted net loss per share		$ (0.16)	$ (0.31)	$ (0.72)	$ (0.26)
Weighted average common shares outstanding
Basic		24,444,677	24,359,280	24,423,225	24,323,967
Diluted		24,444,677	24,359,280	24,423,225	24,323,967
[1]	Included in interest and investment income is $341 and $634 of paid-in-kind interest for the three and six months ended June 30, 2020, and $188 and $425 for the three and six months ended June 30, 2019.
[2]	Average borrowings outstanding were $1,290,318 and $1,227,413, and the related average borrowing costs were 2.75% and 2.92%, for the three and six months ended June 30, 2020, and were $1,127,509 and $1,108,512 and 3.14% and 3.01% for the three and six months ended June 30, 2019.

Consolidated Statement of Inc_2

Consolidated Statement of Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Income Statement [Abstract]
Interest paid-in-kind	$ 341	$ 188	$ 634	$ 425
Average borrowings outstanding	$ 1,290,318	$ 1,127,509	$ 1,227,413	$ 1,108,512
Average borrowing costs rate	2.75%	3.14%	2.92%	3.01%

Consolidated Statements of Othe

Consolidated Statements of Other Comprehensive Income/(Loss) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Statement Of Income And Comprehensive Income [Abstract]
Net loss after taxes from operations	$ (2,265)	$ (6,643)	$ (15,266)	$ (5,248)
Other comprehensive income, net of tax	981	558	1,128	1,227
Total comprehensive loss	(1,284)	(6,085)	(14,138)	(4,021)
Less comprehensive income attributable to the non-controlling interest	1,712	857	2,354	1,024
Total comprehensive loss attributable to Medallion Financial Corp.	$ (2,996)	$ (6,942)	$ (16,492)	$ (5,045)

Consolidated Statement of Chang

Consolidated Statement of Changes in Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock [Member]	Preferred Stock [Member]	Capital in Excess of Par [Member]	Treasury Stock [Member]	Retained Earnings (Deficit) [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Parent [Member]	Noncontrolling Interest [Member]
Balance at Dec. 31, 2018	$ 290,204	$ 274		$ 274,292	$ (24,919)	$ 13,043	$ (82)	$ 262,608	$ 27,596
Balance, shares at Dec. 31, 2018		27,385,600			(2,951,243)
Net income (loss)	1,395					1,228		1,228	167
Distributions to non- controlling interest	(592)								(592)
Stock based compensation expense	165	$ 1		164				165
Issuance of restricted stock, net	0	$ 0	$ 0	0	$ 0	0	0	0	0
Issuance of restricted stock, net, shares		163,098
Forfeiture of restricted stock, net	0	$ 0	$ 0	0	0	0	0	0	0
Forfeiture of restricted stock, net, shares		(1,699)
Net change in unrealized gains (losses) on investments, net of tax	669						669	669
Ending balance at Mar. 31, 2019	291,841	$ 275		274,456	$ (24,919)	14,271	587	264,670	27,171
Ending balance, shares at Mar. 31, 2019		27,546,999			(2,951,243)
Balance at Dec. 31, 2018	290,204	$ 274		274,292	$ (24,919)	13,043	(82)	262,608	27,596
Balance, shares at Dec. 31, 2018		27,385,600			(2,951,243)
Net income (loss)	(5,248)
Ending balance at Jun. 30, 2019	285,504	$ 275		274,796	$ (24,919)	6,771	1,145	258,068	27,436
Ending balance, shares at Jun. 30, 2019		27,550,801			(2,951,243)
Balance at Dec. 31, 2018	290,204	$ 274		274,292	$ (24,919)	13,043	(82)	262,608	27,596
Balance, shares at Dec. 31, 2018		27,385,600			(2,951,243)
Net change in unrealized gains (losses) on investments, net of tax	1,081
Ending balance at Dec. 31, 2019	$ 334,468	$ 276		275,511	$ (24,919)	11,281	999	263,148	71,320
Ending balance, shares at Dec. 31, 2019	24,646,559	27,597,802			(2,951,243)
Balance at Mar. 31, 2019	$ 291,841	$ 275		274,456	$ (24,919)	14,271	587	264,670	27,171
Balance, shares at Mar. 31, 2019		27,546,999			(2,951,243)
Net income (loss)	(6,643)					(7,500)		(7,500)	857
Distributions to non- controlling interest	(592)								(592)
Stock based compensation expense	340			340				340
Issuance of restricted stock, net, shares		4,751
Forfeiture of restricted stock, net, shares		(949)
Net change in unrealized gains (losses) on investments, net of tax	558						558	558
Ending balance at Jun. 30, 2019	285,504	$ 275		274,796	$ (24,919)	6,771	1,145	258,068	27,436
Ending balance, shares at Jun. 30, 2019		27,550,801			(2,951,243)
Balance at Dec. 31, 2019	$ 334,468	$ 276		275,511	$ (24,919)	11,281	999	263,148	71,320
Balance, shares at Dec. 31, 2019	24,646,559	27,597,802			(2,951,243)
Net income (loss)	$ (13,001)					(13,643)		(13,643)	642
Distributions to non- controlling interest	(1,507)								(1,507)
Stock based compensation expense	466	$ 2		464				466
Issuance of restricted stock, net, shares		165,674
Forfeiture of restricted stock, net, shares		(5,577)
Net change in unrealized gains (losses) on investments, net of tax	147						147	147
Ending balance at Mar. 31, 2020	320,573	$ 278		275,975	$ (24,919)	(2,362)	1,146	250,118	70,455
Ending balance, shares at Mar. 31, 2020		27,757,899			(2,951,243)
Balance at Dec. 31, 2019	$ 334,468	$ 276		275,511	$ (24,919)	11,281	999	263,148	71,320
Balance, shares at Dec. 31, 2019	24,646,559	27,597,802			(2,951,243)
Net income (loss)	$ (15,266)
Net change in unrealized gains (losses) on investments, net of tax	1,128
Ending balance at Jun. 30, 2020	$ 318,297	$ 278		276,495	$ (24,919)	(6,339)	2,127	247,642	70,655
Ending balance, shares at Jun. 30, 2020	24,816,376	27,767,619			(2,951,243)
Balance at Mar. 31, 2020	$ 320,573	$ 278		275,975	$ (24,919)	(2,362)	1,146	250,118	70,455
Balance, shares at Mar. 31, 2020		27,757,899			(2,951,243)
Net income (loss)	(2,265)					(3,977)		(3,977)	1,712
Distributions to non- controlling interest	(1,512)								(1,512)
Stock based compensation expense	520			520				520
Issuance of restricted stock, net, shares		10,416
Forfeiture of restricted stock, net, shares		(696)
Net change in unrealized gains (losses) on investments, net of tax	981						981	981
Ending balance at Jun. 30, 2020	$ 318,297	$ 278		$ 276,495	$ (24,919)	$ (6,339)	$ 2,127	$ 247,642	$ 70,655
Ending balance, shares at Jun. 30, 2020	24,816,376	27,767,619			(2,951,243)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)		6 Months Ended
		Jun. 30, 2020	Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)		$ (15,266,000)	$ (5,248,000)
Adjustments to reconcile net loss from operations to net cash provided by operating activities:
Provision for loan losses		33,482,000	28,514,000
Paid-in-kind interest		(634,000)	(425,000)
Depreciation and amortization		2,933,000	4,186,000
Decrease in deferred and other tax liabilities		(3,240,000)	(1,560,000)
Amortization of origination fees, net		2,891,000	2,389,000
Net change in loan collateral in process of foreclosure		11,282,000	7,411,000
Net realized losses on investments		3,555,000
Net change in unrealized appreciation on investments			(96,000)
Stock-based compensation expense		987,000	505,000
Gain on extinguishment of debt			(4,145,000)
(Increase) decrease in accrued interest receivable		2,106,000	(329,000)
Increase in other assets		(5,518,000)	(5,505,000)
Increase in accounts payable and accrued expenses		653,000	139,000
Increase in accrued interest payable		172,000	353,000
Net cash provided by operating activities		33,403,000	26,189,000
CASH FLOWS FROM INVESTING ACTIVITIES
Loans originated		(264,514,000)	(240,523,000)
Proceeds from principal receipts, sales, and maturities of loans		137,286,000	122,106,000
Purchases of investments		(7,796,000)	(1,650,000)
Proceeds from principal receipts, sales, and maturities of investments		8,397,000	2,877,000
Proceeds from the sale and principal payments on loan collateral in process of foreclosure		6,179,000	9,167,000
Net cash used for investing activities		(120,448,000)	(108,023,000)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from time deposits and funds borrowed		344,982,000	292,725,000
Repayments of time deposits and funds borrowed		(218,855,000)	(195,272,000)
Distributions to non-controlling interests		(3,019,000)	(1,184,000)
Net cash provided by financing activities		123,108,000	96,269,000
NET INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH		36,063,000	14,435,000
Cash, cash equivalents and restricted cash, beginning of period	[1]	67,821,000	57,713,000
Cash, cash equivalents and restricted cash, end of period	[1]	103,884,000	72,148,000
SUPPLEMENTAL INFORMATION
Cash paid during the period for interest		16,355,000	15,077,000
Cash paid during the period for income taxes		81,000	120,000
NON-CASH INVESTING
Loans transferred to loan collateral in process of foreclosure, net		$ 12,125,000	$ 19,451,000
[1]	Includes federal funds sold.

Organization of Medallion Finan

Organization of Medallion Financial Corp. and its Subsidiaries	6 Months Ended
	Jun. 30, 2020
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 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 initially formed for the primary purpose of originating commercial loans in three categories: 1) loans to finance the purchase of taxi medallions, 2) asset-based commercial loans, and 3) SBA 7(a) loans. Subsequent to its formation, the Bank began originating consumer loans to finance the purchases of recreational vehicles, or RVs, boats, and other related items, and to finance small scale home improvements. The Company also conducts business through Medallion Funding LLC, or MFC, a Small Business Investment Company, or SBIC, which originates and services medallion and commercial loans. The Company also conducts business through its subsidiaries Medallion Capital, Inc., or MCI, an SBIC which conducts a mezzanine financing business, and Freshstart Venture Capital Corp., or FSVC, an SBIC that originated and services medallion and commercial loans. MFC, MCI, and FSVC, as SBICs, are regulated by the Small Business Administration, or SBA. MCI and FSVC are financed in part by the SBA. The Company has a controlling ownership stake in Medallion Motorsports, LLC, the primary owner of RPAC Racing, LLC, or RPAC, a professional car racing team that competes in the Monster Energy NASCAR Cup Series, which is also consolidated with the Company. The Company formed a wholly-owned subsidiary, Medallion Servicing Corporation, or MSC, to provide loan services to the Bank. The Company has assigned all of its loan servicing rights for the Bank, which consists of servicing medallion loans originated by the Bank, to MSC, which bills and collects the related service fee income from the Bank, and is allocated and charged by the Company for MSC’s share of these servicing costs. Beginning in 2019, the Bank began the process to build-out a strategic partnership program with financial technology, or fintech, companies. The Bank entered into an initial partnership in 2020 and began issuing its first loans, while continuing to explore opportunities with additional fintech companies. Taxi Medallion Loan Trust III, or Trust III, was established for the purpose of owning medallion loans originated by MFC or others. Trust III is a variable interest entity, or VIE, and MFC was the primary beneficiary until the 2018 fourth quarter. As a result, the Company consolidated Trust III in its financial results until consummation of a restructuring in the 2018 fourth quarter. For a discussion of the restructuring, see Note 15. Trust III is a separate legal and corporate entity with its own creditors which, in any liquidation of Trust III, will be entitled to be satisfied out of Trust III’s assets prior to any value in Trust III becoming available to Trust III’s equity holders. The assets of Trust III 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 Trust III. Trust III’s loans are serviced by MFC. The Company established a wholly-owned subsidiary, Medallion Financing Trust I, or Fin Trust, for the purpose of issuing unsecured 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, aggregating $36,083,000 at June 30, 2020, 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. MFC, through several wholly-owned subsidiaries, together, Medallion Chicago, purchased $8,689,000 of City of Chicago taxi medallions out of foreclosure, some of which are leased to fleet operators. The 159 medallions are carried at a net realizable value of $3,091,000 in other assets on the Company’s consolidated balance sheet at June 30, 2020, December 31, 2019, and June 30, 2019.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2020
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 US, 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. 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 includes $2,970,000 of an interest reserve associated with the private placements of debt in March and August 2019, which cannot be used for any other purpose until March 2022. Cash also includes $2,500,000 of interest-bearing funds deposited in other banks that are callable, with terms of 4 to 7 years. 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 readily determinable fair value to be valued as such, and those that do not to be measured at cost, less any impairment plus or minus any observable price changes. Equity investments of $10,389,000 and $10,079,000 at June 30, 2020 and December 31, 2019, comprised mainly of nonmarketable stock and stock warrants, are recorded at cost less any impairment plus or minus observable price changes. As of June 30, 2020 and December 31, 2019, the Company determined that there was no impairment or observable price change. 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 $271,000 at June 30, 2020 and $248,000 at December 31, 2019, and $79,000 and $134,000 was amortized to interest income for the three and six months ended June 30, 2020 and $13,000 and $25,000 was amortized to interest income for the three and six months ended June 30, 2019. Refer to Note 3 for more details. ASC 320 further requires that held-to-maturity securities be reported 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 . Loans The Company’s loans are currently reported at the principal amount outstanding, inclusive of deferred loan acquisition costs, which primarily includes deferred fees paid to loan originators, and which is amortized to interest income over the life of the loan. Effective April 2, 2018, the Company withdrew its previous election to be regulated as a business development company under the Investment Company Act of 1940, and therefore changed the Company’s financial reporting from investment company accounting to bank holding company accounting. As a result, the existing loan balances were adjusted to fair value in connection with the change in reporting, and balances, net of reserves and fees, became the opening balances. Loan origination fees and certain direct origination costs are deferred and recognized as an adjustment to the yield of the related loans. At June 30, 2020 and December 31, 2019, net loan origination costs were $20,076,000 and $17,839,000. Net amortization to income for the three months ended June 30, 2020 and 2019 was $1,587,000 and $1,238,000, and was $2,891,000 and $2,389,000 for the six months ended June 30, 2020 and 2019. Interest income is recorded on the accrual basis. 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 portfolio has different characteristics, typified by a larger number of lower dollar loans that have similar characteristics. A loan is considered to be impaired, or nonperforming, when based on current information and events, it is likely the Company will be unable 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 impaired. These 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 collection and 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 to write 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 a recovery. Total loans 90 days or more past due were $15,576,000 at June 30, 2020, or 1.26% of the total loan portfolio, compared to $8,663,000, or 0.76% at December 31, 2019. On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act, or the CARES Act, was signed into law to address the economic impacts of the COVID-19 pandemic. Under the CARES Act and related guidance from the FDIC, the Company has temporarily suspended its delinquency and nonperforming treatment for certain loans that have been granted a payment accommodation that facilitates the borrowers’ ability to work through the immediate impact of the virus. Borrowers who were current prior to becoming affected by COVID-19 and then receive payment accommodations as a result of the effects of the COVID-19 pandemic, generally are not reported as past due if all payments are current in accordance with the revised terms of the loans. The Company has chosen to apply this part of the CARES Act in connection with eligible accommodations and will not report the applicable loans as past due for any payments not made during the deferment period. If the deferrals had not been granted, and no payments were made on such loans, loans 90 days or more past due would have been $115,216,000 at June 30, 2020, or 9.3% of the total loan portfolio, primarily in the medallion loan portfolio. In situations where, for economic or legal reasons related to a borrower’s financial difficulties, the Company grants concessions to the borrower for other than an insignificant period of time that the Company would not otherwise consider, the related loan is classified as a troubled debt restructuring, or TDR. The Company strives to identify borrowers in financial difficulty early and work with them to modify their loan s to more affordable terms before they reach nonaccrual status. These modified terms may include 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. Loans classified as TDRs are considered impaired loans. Beginning in the third quarter 2019, all consumer loans which are party to a Chapter 13 bankruptcy are immediately classified as TDRs. The Company’s policy with regard to bankrupt loans is take an immediate 40 % write down of the loan balance . Under the C ARES Act , during the applicable period beginning March 1, 2020 and ending on the earlier of December 31, 2020 or 60 days after the date which the coronavirus, or COVID-19, national emergency terminates, companies may elect to (a) suspend the requirements of US GAAP for loan modifications related to COVID-19 that would otherwise be categorized as TDRs and (b) suspend any determination of a loan modified as a result of the effects of COVID-19 as a TDR, including impairment for accounting purposes. Any such suspension is applicable for the term of the loan modification, but solely with respect to any modification that occurs during the applicable period for a loan that was not more than 30 days past due as of December 31, 2019, and shall not apply to any adverse impact on the credit of a borrower that is not related to COVID-19. As of June 30 , 2020, there were no consumer or medallion loan modifications related to COVID-19 that would have otherwise been classified as a TDR, and therefore there was no need for the Company to elect this relief under the CARES Act during the 2020 second quarter . However, we expect to have loan modifications related to COVID-19 that would apply under this provision of the CARES Act in the future. Loan collateral in process of foreclosure primarily includes medallion loans that have reached 120 days past due and have been charged-down to their net realizable value, in addition to consumer repossessed collateral in the process of being sold. The medallion loan component reflects that the collection activities on the loans have transitioned from working with the borrower, to the liquidation of the collateral securing the loans. The Company had $23,303,000 and $28,833,000 of net loans pledged as collateral under borrowing arrangements at June 30, 2020 and December 31, 2019. The Company accounts for its sales of loans in accordance with FASB Accounting Standards Codification 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 $108,195,000 at June 30, 2020 and $113,581,000 at December 31, 2019. The Company has evaluated the servicing aspect of its business in accordance with FASB ASC 860, which relates to servicing assets held by MFC (related to the remaining assets in Trust III) and the Bank, and determined that no material servicing asset or liability existed as of June 30, 2020 and December 31, 2019. The Company assigned its servicing rights of the Bank’s portfolio to MSC. The costs of servicing were allocated to MSC by the Company, and the servicing fee income was billed to and collected from the Bank by MSC. Allowance for Loan Losses The allowance for loan losses is evaluated on a regular basis by management and is based upon management’s periodic review of the collectability of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, estimated value of any underlying collateral, prevailing economic conditions, and excess concentration risks. In analyzing the adequacy of the allowance for loan losses, the Company uses historical delinquency and actual loss rates with a one year lookback period for consumer loans. For commercial loans deemed nonperforming, the historical loss experience and other projections are looked at. For medallion loans, delinquent nonperforming loans are valued at the median sales price over the most recent quarter, non-delinquent nonperforming loans are valued at the discounted cash flow if such loans were modified and it is clear that sources other than the taxi business were instrumental in keeping such loans current, and performing medallion loans are reserved utilizing historical loss ratios over a three-year lookback period. This evaluation is inherently subjective, as it requires estimates that are susceptible to significant revision as more information becomes available. As a result, reserves of $2,025,000 were recorded by the Company as a general reserve on medallion loans as an additional buffer against future losses, not including the Bank’s general reserve of $17,351,000 which was netted against loan balances at consolidation on April 2, 2018. Subsequent to April 2, 2018, the Bank recorded a general reserve benefit of $11,555,000. As a result of COVID-19, there was an increase in the reserve percentages of 50 basis points on the recreational subprime loan business, and an increase in the medallion loans general reserve inputs due to the uncertainty about the potential impact on the business, which had resulted in an increase to the general reserves of $6,768,000 during the 2020 second quarter. The Company continues to monitor the impact of COVID-19 on the consumer, commercial, and medallion loans. Had there been no payment deferrals offered to borrowers under the CARES Act, potential loans 90 days or more past due would have resulted in increased reserves and/or charge-offs. Credit losses are deducted from the allowance and subsequent recoveries are added back to the allowance. 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 change to bank holding company accounting, 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 June 30, 2020 , December 31, 2019 , and June 30, 2019 , the Company had goodwill of $ 150,803,000 , which all related to the Bank, and intangible assets of $ 51,814,000 , $ 52,536,000 and $ , and the Company recognized $ 361,000 and $ of amortization expense on the intangible assets for the three months ended June 30, 2020 and 201 9 , and $ and $ 723,000 of amortization expense on the intangible assets for the six mont hs ended June 30, 2020 and 2019 . Additionally, loan portfolio premiums of $ 12,387,000 were determined as of April 2, 2018, of which $ , $ , and $ were outstanding at June 30, 2020 , December 31, 2019 , and June 30, 2019 , and of which $ and $ w ere amortized to interest income for the three months ended June 30, 2020 and 201 9 , and of which $ and $ 2,173,000 was amortized to interest income for the six months ended June 30, 2020 and 2019 . The Company engaged an expert to assess the goodwill and intangibles for impairment at December 31, 201 9 , who concluded there was no impairment on the Bank and on the RPAC intangible asset . T he Company reviewed the goodwill related to the Bank and the RPAC intangible asset s , considered whether the current COVID-19 pandemic had any effect on such goodwill, and concluded that there was no additional impairment as of June 30 , 2020. The table below shows the details of the intangible assets as of the dates presented. (Dollars in thousands) June 30, 2020 December 31, 2019 Brand-related intellectual property $ 19,525 $ 20,075 Home improvement contractor relationships 6,124 6,296 Race organization 26,165 26,165 Total intangible assets $ 51,814 $ 52,536 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 $139,000 and $105,000 for the three months ended June 30, 2020 and 2019, and was $261,000 and $205,000 for the six months ended June 30, 2020 and 2019. 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 was $586,000 and $597,000 for the three months ended June 30, 2020 and 2019, and was $1,308,000 and $1,118,000 for the six months ended June 30, 2020 and 2019. 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 $4,709,000, $5,105,000, and $5,584,000 as of June 30, 2020, December 31, 2019, and June 30, 2019. 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. Sponsorship and Race Winnings The Company accounts for sponsorship and race winnings revenue under FASB ASC Topic 606, Revenue from Contracts with Customers. Sponsorship revenue is recognized when the Company’s performance obligations are completed in accordance with the contract terms of the sponsorship contract. Race winnings revenue is recognized after each race during the season based upon terms provided by NASCAR and the placement of the driver. Earnings (Loss) Per Share (EPS) Basic earnings (loss) per share are computed by dividing net income (loss) 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 giving consideration to 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 shows the calculation of basic and diluted EPS. Three Months Ended June 30, Six Months Ended June 30, (Dollars in thousands, except share and per share data) 2020 2019 2020 2019 Net loss resulting from operations available to common stockholders $ (3,977 ) $ (7,500 ) $ (17,620 ) $ (6,272 ) Weighted average common shares outstanding applicable to basic EPS 24,444,677 24,359,280 24,423,225 24,323,967 Effect of dilutive stock options — — — — Effect of restricted stock grants — — — — Adjusted weighted average common shares outstanding applicable to diluted EPS 24,444,677 24,359,280 24,423,225 24,323,967 Basic loss per share $ (0.16 ) $ (0.31 ) $ (0.72 ) $ (0.26 ) Diluted loss per share (0.16 ) (0.31 ) (0.72 ) (0.26 ) Potentially dilutive common shares excluded from the above calculations aggregated 851,272 and 498,714 shares as of June 30, 2020 and 2019. 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 six months ended June 30, 2020 and 2019, the Company issued 165,674 and 167,849 of restricted shares of stock-based compensation awards, issued 335,773 and 375,481 shares of other stock-based compensation awards, and issued no restricted stock units and recognized $520,000 and $987,000, or $0.02 and $0.04 per share, for the three and six months ended June 30, 2020, and $340,000 and $505,000, or $0.01 and $0.02 per share, for the three and six months ended June 30, 2019, of non-cash stock-based compensation expense related to the grants. As of June 30, 2020, the total remaining unrecognized compensation cost related to unvested stock options and restricted stock was $2,845,000, which is expected to be recognized over the next 15 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, such as certain purchases of assets, with 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 below). 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%, which could preclude its ability to pay dividends to the Company, and that an adequate allowance for loan losses be maintained. As of June 30, 2020, the Bank’s Tier 1 leverage ratio was 16.96%. 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 June 30, 2020 December 31, 2019 Common equity Tier 1 capital — — $ 153,401 $ 158,187 Tier 1 capital — — 222,189 226,975 Total capital — — 238,617 241,842 Average assets — — 1,310,103 1,172,866 Risk-weighted assets — — 1,252,122 1,144,337 Leverage ratio (1) 4.0 % 5.0 % 17.0 % 19.4 % Common equity Tier 1 capital ratio (2) 7.0 6.5 12.3 13.8 Tier 1 capital ratio (3) 8.5 8.0 17.7 19.8 Total capital ratio (3) 10.5 10.0 19.1 21.1 (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 June 30, 2020 and December 31, 2019 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 June 30, 2020 and December 31, 2019. Recently Issued Accounting Standards In December 2019, the FASB issued ASU 2019-12 “Income Taxes, or Topic 740: Simplifying the Accounting for Income Taxes.” The objective of this update is to simplify the accounting for income taxes by removing certain exceptions to the general principles and improve consistent application of and simplify other areas of Topic 740. The amendments in this update are effective for annual periods beginning after December 15, 2020, and for interim periods within those fiscal years. The Company does not believe this update will have a material impact on its financial condition. In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses, or Topic 326: Measurement of Credit Losses on Financial Instruments. The main objective of this new standard is to provide financial statement users with more decision-useful information about the expected credit losses on financial assets and other commitments to extend credit held by a reporting entity at each reporting date. Under the FASB’s new standard, the concepts used by entities to account for credit losses on financial instruments will fundamentally change. The existing “probable” and “incurred” loss recognition threshold is removed. Loss estimates are based upon lifetime “expected” credit losses. The use of past and current events must now be supplemented with “reasonable and supportable” expectations about the future to determine the amount of credit loss. The collective changes to the recognition and measurement accounting standards for financial instruments and their anticipated impact on the allowance for credit losses modeling have been universally referred to as the CECL (current expected credit loss) model. ASU 2016-13 applies to all entities and is effective for fiscal years beginning after December 15, 2019 for public entities, with early adoption permitted. In November 2019, the FASB issued ASU 2019-10 to defer implementation of the standard for smaller reporting companies, such as the Company, to fiscal years beginning after December 15, 2022. The Company is assessing the impact the update will have on its financial statements, and expects the update to have a material impact on the Company ’s account ing for estimated credit losses on its loans. 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	6 Months Ended
	Jun. 30, 2020
Schedule Of Investments [Abstract]
Investment Securities	(3) INVESTMENT SECURITIES Fixed maturity securities available for sale as of June 30, 2020 and December 31, 2019 consisted of the following: June 30, 2020 (Dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Mortgage-backed securities, principally obligations of US federal agencies $ 35,310 $ 1,645 $ (3 ) $ 36,952 State and municipalities 10,301 242 — 10,543 Total $ 45,611 $ 1,887 $ (3 ) $ 47,495 December 31, 2019 (Dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Mortgage-backed securities, principally obligations of US federal agencies $ 36,335 $ 411 $ (112 ) $ 36,634 State and municipalities 12,279 186 (101 ) 12,364 Total $ 48,614 $ 597 $ (213 ) $ 48,998 The amortized cost and estimated market value of investment securities as of June 30, 2020 by contractual maturity are shown 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. (Dollars in thousands) Amortized Cost Fair Value Due in one year or less $ 25 $ 25 Due after one year through five years 11,769 12,250 Due after five years through ten years 12,089 12,877 Due after ten years 21,728 22,343 Total $ 45,611 $ 47,495 The following tables show information pertaining to securities with gross unrealized losses at June 30, 2020 and December 31, 2019, 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 June 30, 2020 (Dollars in thousands) Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Mortgage-backed securities, principally obligations of US federal agencies $ (3 ) $ 1,820 $ — $ — State and municipalities — — — 274 Total $ (3 ) $ 1,820 $ — $ 274 Less than Twelve Months Twelve Months and Over December 31, 2019 (Dollars in thousands) Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Mortgage-backed securities, principally obligations of US federal agencies $ (74 ) $ 8,291 $ (38 ) $ 4,939 State and municipalities (17 ) 2,099 (84 ) 2,739 Total $ (91 ) $ 10,390 $ (122 ) $ 7,678 Unrealized losses on securities have not been recognized into income because the issuers’ bonds are of high credit quality, and the Company has the intent and ability to hold the securities for the foreseeable future. The fair value is expected to recover as the bonds approach the maturity date.

Loans and Allowance for Loan Lo

Loans and Allowance for Loan Losses	6 Months Ended
	Jun. 30, 2020
Text Block [Abstract]
Loans and Allowance for Loan Losses	(4) LOANS AND ALLOWANCE FOR LOAN LOSSES The following table shows the major classification of loans, inclusive of capitalized loan origination costs, at June 30, 2020 and December 31, 2019. As of June 30, 2020 As of December 31, 2019 (Dollars in thousands) Amount As a Percent of Gross Loans Amount As a Percent of Gross Loans Recreation $ 786,785 62 % $ 713,332 62 % Home improvement 282,072 22 247,324 21 Commercial 71,476 6 69,767 6 Medallion 120,253 10 130,432 11 Strategic partnership 8 — — — Total gross loans 1,260,594 100 % 1,160,855 100 % Allowance for loan losses (66,977 ) (46,093 ) Total net loans $ 1,193,617 $ 1,114,762 The following tables show the activity of the gross loans for the three and six ended June 30, 2020 and 2019. Three Months Ended June 30, 2020 (Dollars in thousands) Recreation Home Improvement Commercial Medallion Strategic Partnership Total Gross loans – March 31, 2020 $ 735,175 $ 255,899 $ 68,257 $ 124,448 $ — $ 1,183,779 Loan originations 106,206 44,713 3,000 — 153 154,072 Principal payments, sales and maturities (49,457 ) (18,496 ) (132 ) (1,687 ) (145 ) (69,917 ) Charge-offs, net (3,565 ) (196 ) — (260 ) — (4,021 ) Transfer to loan collateral in process of foreclosure, net (3,003 ) — — (2,185 ) — (5,188 ) Amortization of origination costs (2,031 ) 455 2 (13 ) — (1,587 ) Amortization of loan premium (51 ) (82 ) — (46 ) — (179 ) FASB origination costs 3,511 (221 ) 8 (4 ) — 3,294 Paid-in-kind interest — — 341 — — 341 Gross loans – June 30, 2020 $ 786,785 $ 282,072 $ 71,476 $ 120,253 $ 8 $ 1,260,594 Six Months Ended June 30, 2020 (Dollars in thousands) Recreation Home Improvement Commercial Medallion Strategic Partnership Total Gross loans – December 31, 2019 $ 713,332 $ 247,324 $ 69,767 $ 130,432 $ — $ 1,160,855 Loan originations 175,850 78,178 5,175 — 153 259,356 Principal payments, sales and maturities (86,529 ) (42,720 ) (4,112 ) (3,780 ) (145 ) (137,286 ) Charge-offs, net (9,946 ) (832 ) — (1,820 ) — (12,598 ) Transfer to loan collateral in process of foreclosure, net (7,781 ) — — (4,344 ) — (12,125 ) Amortization of origination costs (3,760 ) 896 4 (31 ) — (2,891 ) Amortization of loan premium (103 ) (168 ) — (237 ) — (508 ) FASB origination costs 5,722 (606 ) 8 33 — 5,157 Paid-in-kind interest — — 634 — — 634 Gross loans – June 30, 2020 $ 786,785 $ 282,072 $ 71,476 $ 120,253 $ 8 $ 1,260,594 Three Months Ended June 30, 2019 (Dollars in thousands) Recreation Home Improvement Commercial Medallion Total Gross loans – March 31, 2019 $ 609,999 $ 193,275 $ 55,211 $ 165,715 $ 1,024,200 Loan originations 102,695 33,533 9,270 — 145,498 Principal payments, sales and maturities (40,088 ) (16,837 ) (226 ) (3,162 ) (60,313 ) Charge-offs, net (2,433 ) (86 ) — (8,844 ) (11,363 ) Transfer to loan collateral in process of foreclosure, net (3,491 ) — — (6,863 ) (10,354 ) Amortization of origination costs (1,582 ) 347 1 (4 ) (1,238 ) Amortization of loan premium (67 ) (111 ) — (903 ) (1,081 ) FASB origination costs 3,507 (572 ) (2 ) 5 2,938 Paid-in-kind interest — — 188 — 188 Gross loans – June 30, 2019 $ 668,540 $ 209,549 $ 64,442 $ 145,944 $ 1,088,475 Six Months Ended June 30, 2019 (Dollars in thousands) Recreation Home Improvement Commercial Medallion Total Gross loans – December 31, 2018 $ 587,038 $ 183,155 $ 64,083 $ 183,606 $ 1,017,882 Loan originations 166,327 60,180 9,770 — 236,277 Principal payments, sales and maturities (73,140 ) (33,072 ) (9,805 ) (6,599 ) (122,616 ) Charge-offs, net (7,363 ) (245 ) — (16,631 ) (24,239 ) Transfer to loan collateral in process of foreclosure, net (6,883 ) — — (12,568 ) (19,451 ) Amortization of origination costs (3,020 ) 693 30 (92 ) (2,389 ) Amortization of loan premium (136 ) (220 ) — (1,817 ) (2,173 ) FASB origination costs 5,717 (942 ) (61 ) 45 4,759 Paid-in-kind interest — — 425 — 425 Gross loans – June 30, 2019 $ 668,540 $ 209,549 $ 64,442 $ 145,944 $ 1,088,475 The following table sets forth the activity in the allowance for loan losses for the three and six months ended June 30, 2020 and 2019. Three Months Ended June 30, Six Months Ended June 30, (Dollars in thousands) 2020 2019 2020 2019 Allowance for loan losses – beginning balance $ 54,057 $ 36,862 $ 46,093 $ 36,395 Charge-offs Recreation (5,708 ) (4,395 ) (13,951 ) (10,921 ) Home improvement (548 ) (539 ) (1,558 ) (1,088 ) Commercial — — — — Medallion (1,771 ) (9,242 ) (3,696 ) (18,029 ) Total charge-offs (8,027 ) (14,176 ) (19,205 ) (30,038 ) Recoveries Recreation 2,143 1,962 4,005 3,558 Home improvement 352 453 726 843 Commercial — — — — Medallion 1,511 398 1,876 1,398 Total recoveries 4,006 2,813 6,607 5,799 Net charge-offs (1) (4,021 ) (11,363 ) (12,598 ) (24,239 ) Provision for loan losses 16,941 15,171 33,482 28,514 Allowance for loan losses – ending balance (2) (3) $ 66,977 $ 40,670 $ 66,977 $ 40,670 ( 1 ) As of June 30, 2020 , cumulative net charge-offs of loans and loan collateral in process of foreclosure in the medallion loan portfolio were $ , representing collection opportunities for the Company. ( 2 ) Includes $2,025 of a general reserve for the Company, for current and performing medallion loans under 90 days past due, as an additional buffer against future losses, representing 3% of the total allowance, and 1.94% of the medallion loans under 90 days past due as of June 30, 2020. This figure excludes $17,351 of a general reserve on loans at the Bank, which was netted against loan balances at consolidation on April 2, 2018. Subsequent to April 2, 2018, the Bank recorded a general reserve benefit of $11,555. (3) As of June 30, 2020, there was no allowance for loan loss and net charge-offs related to the strategic partnership loans. The following tables set forth the allowance for loan losses by type as of June 30, 2020 and December 31, 2019. June 30, 2020 (Dollars in thousands) Amount Percentage of Allowance Allowance as a Percent of Loan Category Recreation $ 27,021 40 % 3.43 % Home improvement 4,072 6 1.44 Commercial — — — Medallion 35,884 54 29.84 Total $ 66,977 100 % 5.31 % December 31, 2019 (Dollars in thousands) Amount Percentage of Allowance Allowance as a Percent of Loan Category Recreation $ 18,075 39 % 2.53 % Home improvement 2,608 6 1.05 Commercial — — — Medallion 25,410 55 19.48 Total $ 46,093 100 % 3.97 % The following table presents total nonaccrual loans and foregone interest, substantially all of which is in the medallion portfolio. The fluctuation in nonaccrual interest foregone is due to past due loans and market conditions. (Dollars in thousands) June 30, 2020 December 31, 2019 June 30, 2019 Total nonaccrual loans $ 81,539 $ 26,484 $ 26,878 Interest foregone quarter to date 1,202 1,121 379 Amount of foregone interest applied to principal in the quarter 8 53 116 Interest foregone year to date 1,734 2,152 615 Amount of foregone interest applied to principal in the year 57 254 219 Interest foregone life to date 4,171 2,744 1,809 Amount of foregone interest applied to principal life to date 973 471 847 Percentage of nonaccrual loans to gross loan portfolio 6 % 2 % 2 % The following tables present the performance status of loans as of June 30, 2020 and December 31, 2019. June 30, 2020 (Dollars in thousands) Performing Nonperforming Total Percentage of Nonperforming to Total Recreation $ 781,473 $ 5,312 $ 786,785 0.68 % Home improvement 281,935 137 282,072 0.05 Commercial 56,230 15,246 71,476 21.33 Medallion 59,023 61,230 120,253 50.92 Strategic partnership 8 — 8 — Total $ 1,178,669 $ 81,925 (1) $ 1,260,594 6.50 % December 31, 2019 (Dollars in thousands) Performing Nonperforming Total Percentage of Nonperforming to Total Recreation $ 705,070 $ 8,262 $ 713,332 1.16 % Home improvement 247,139 185 247,324 0.07 Commercial 57,905 11,862 69,767 17.00 Medallion 88,248 42,184 130,432 32.34 Total $ 1,098,362 $ 62,493 (1) $ 1,160,855 5.38 % (1) Includes $386 and $36,009 of TDRs as of June 30, 2020 and December 31, 2019, which are accruing and paying currently, but which are considered nonperforming loans under GAAP. 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 provide additional information on attributes of the nonperforming loan portfolio as of June 30, 2020 and 2019, and December 31, 2019, all of which had an allowance recorded against the principal balance. June 30, 2020 December 31, 2019 June 30, 2019 (Dollars in thousands) Recorded Investment Unpaid Principal Balance Related Allowance Recorded Investment Unpaid Principal Balance Related Allowance Recorded Investment Unpaid Principal Balance Related Allowance With an allowance recorded Recreation $ 5,312 $ 5,312 $ 243 $ 8,262 $ 8,262 $ 329 $ 5,755 $ 5,755 $ 211 Home improvement 137 137 2 185 185 3 165 165 3 Commercial 15,246 15,251 — 11,862 11,867 — 8,743 8,838 455 Medallion 61,230 61,555 35,838 42,184 42,650 14,824 12,215 12,967 19,383 Total nonperforming loans with an allowance $ 81,925 $ 82,255 $ 36,083 $ 62,493 $ 62,964 $ 15,156 $ 26,878 $ 27,725 $ 20,052 For the Three Months Ended June 30, 2020 For the Six Months Ended June 30, 2020 For the Three Months Ended June 30, 2019 For the Six Months Ended June 30, 2019 (Dollars in thousands) Average Investment Recorded Interest Income Recognized Average Investment Recorded Interest Income Recognized Average Investment Recorded Interest Income Recognized Average Investment Recorded Interest Income Recognized With an allowance recorded Recreation $ 5,544 $ 158 $ 5,653 $ 299 $ 5,777 $ 135 $ 5,951 $ 246 Home improvement 137 1 137 1 167 — 167 — Commercial 15,360 — 15,359 1 6,656 30 5,776 73 Medallion 54,418 203 63,731 605 15,932 20 15,557 27 Total nonperforming loans with an allowance $ 75,459 $ 362 $ 84,880 $ 906 $ 28,532 $ 185 $ 27,451 $ 346 The following tables show the aging of all loans as of June 30, 2020 and December 31, 2019. Days Past Due June 30, 2020 (Dollars in thousands) 30-59 60-89 90 + Total Current Total (1) Recorded Investment 90 Days and Accruing Recreation $ 12,749 $ 4,228 $ 3,365 $ 20,342 $ 741,061 $ 761,403 $ 45 Home improvement 461 225 137 823 284,632 285,455 — Commercial — 6 107 113 71,363 71,476 — Medallion (2) 16,134 5,406 11,967 33,507 82,838 116,345 — Strategic partnership — — — — 8 8 — Total $ 29,344 $ 9,865 $ 15,576 $ 54,785 $ 1,179,902 $ 1,234,687 $ 45 (1) Excludes loan premiums of $5,251 resulting from purchase price accounting and $20,656 of capitalized loan origination costs. (2) Included in the current medallion loan aging bucket were $80,403 of loans that had been granted deferral status under the CARES Act, some or all of which may have become delinquent had they not been granted the deferral status. Days Past Due December 31, 2019 (Dollars in thousands) 30-59 60-89 90 + Total Current Total (1) Recorded Investment 90 Days and Accruing Recreation $ 27,357 $ 8,426 $ 5,800 $ 41,583 $ 648,227 $ 689,810 $ — Home improvement 931 427 184 1,542 249,288 250,830 — Commercial — — 107 107 69,660 69,767 — Medallion 12,491 2,118 2,572 17,181 109,106 126,287 — Total $ 40,779 $ 10,971 $ 8,663 $ 60,413 $ 1,076,281 $ 1,136,694 $ — (1) Excludes loan premiums of $5,758 resulting from purchase price accounting and $18,403 of capitalized loan origination costs. The Company estimates that the weighted average loan-to-value ratio of the medallion loans was approximately 254%, 190%, and 210% as of June 30, 2020, December 31, 2019, and June 30, 2019. The following table shows the TDRs which the Company entered into during the three and six months ended June 30, 2020. (Dollars in thousands) Number of Loans Pre- Modification Investment Post- Modification Investment Three months ended June 30, 2020 Recreation 21 $ 231 $ 185 Medallion 17 12,519 12,519 Six months ended June 30, 2020 Recreation 51 $ 633 $ 426 Medallion 30 13,641 13,641 During the twelve months ended June 30, 2020, 20 medallion loans modified as TDRs were in default and had an investment value of $11,419,000 as of June 30, 2020, net of a $6,680,000 allowance for loan losses, and 88 recreation loans modified as TDRs were in default and had an investment value of $802,000 as of June 30, 2020, net of a $37,000 allowance for loan losses. The following table shows the TDRs which the Company entered into during the three and six months ended June 30, 2019. (Dollars in thousands) Number of Loans Pre- Modification Investment Post- Modification Investment Three months ended June 30, 2019 Medallion 3 $ 842 $ 842 Six months ended June 30, 2019 Medallion 10 $ 3,737 $ 3,737 During the twelve months ended June 30, 2019, five loans modified as TDRs were in default and had an investment value of $1,530,000 as of June 30, 2019, net of a $912,000 allowance for loan losses. The following tables show the activity of the loan collateral in process of foreclosure, which relate only to the recreation and medallion loans, for the three and six months ended June 30, 2020 and 2019. Three Months Ended June 30, 2020 (Dollars in thousands) Recreation Medallion Total Loan collateral in process of foreclosure – March 31, 2020 $ 1,717 $ 45,100 $ 46,817 Transfer from loans, net 3,003 2,185 5,188 Sales (1,988 ) — (1,988 ) Cash payments received — (185 ) (185 ) Collateral valuation adjustments (1,474 ) (983 ) (2,457 ) Loan collateral in process of foreclosure – June 30, 2020 $ 1,258 $ 46,117 $ 47,375 Six Months Ended June 30, 2020 (Dollars in thousands) Recreation Medallion Total Loan collateral in process of foreclosure – December 31, 2019 $ 1,476 $ 51,235 $ 52,711 Transfer from loans, net 7,781 4,344 12,125 Sales (3,986 ) (300 ) (4,286 ) Cash payments received — (1,893 ) (1,893 ) Collateral valuation adjustments (4,013 ) (7,269 ) (11,282 ) Loan collateral in process of foreclosure – June 30, 2020 $ 1,258 $ 46,117 $ 47,375 Three Months Ended June 30, 2019 (Dollars in thousands) Recreation Medallion Total Loan collateral in process of foreclosure – March 31, 2019 $ 1,180 $ 48,628 $ 49,808 Transfer from loans, net 3,491 6,863 10,354 Sales (2,034 ) (175 ) (2,209 ) Cash payments received — (1,931 ) (1,931 ) Collateral valuation adjustments (1,682 ) (1,972 ) (3,654 ) Loan collateral in process of foreclosure – June 30, 2019 $ 955 $ 51,413 $ 52,368 Six Months Ended June 30, 2019 (Dollars in thousands) Recreation Medallion Total Loan collateral in process of foreclosure – December 31, 2018 $ 1,503 $ 47,992 $ 49,495 Transfer from loans, net 6,883 12,568 19,451 Sales (4,111 ) (551 ) (4,662 ) Cash payments received — (4,505 ) (4,505 ) Collateral valuation adjustments (3,320 ) (4,091 ) (7,411 ) Loan collateral in process of foreclosure – June 30, 2019 $ 955 $ 51,413 $ 52,368

Funds Borrowed

Funds Borrowed	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Funds Borrowed	(5) FUNDS BORROWED The outstanding balances of funds borrowed were as follows: Payments Due for the Twelve Months Ending June 30, (Dollars in thousands) 2021 2022 2023 2024 2025 Thereafter June 30, 2020 (1) December 31, 2019 (1) Interest Rate (2) Deposits (3) $ 398,626 $ 321,492 $ 158,870 $ 125,643 $ 73,014 $ — $ 1,077,645 $ 954,245 2.00 % SBA debentures and borrowings 28,936 — 5,000 2,500 12,500 25,500 74,436 71,746 3.34 Retail and privately placed notes — 33,625 — 36,000 — — 69,625 69,625 8.61 Preferred securities — — — — — 33,000 33,000 33,000 2.44 Notes payable to banks 31,453 280 280 210 — — 32,223 33,183 3.63 Other borrowings 500 7,368 — — 747 — 8,615 7,794 1.91 Total $ 459,515 $ 362,765 $ 164,150 $ 164,353 $ 86,261 $ 58,500 $ 1,295,544 $ 1,169,593 2.48 % (1) Excludes deferred financing costs of $ and $ 5,105 as of June 30, 2020 and December 31, 2019. ( 2 ) Weighted average contractual rate as of June 30, 2020. (3) Balance excludes $250 of strategic partner reserve deposits as of June 30, 2020. (A) DEPOSITS 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 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. The Bank did not have any individual time deposits greater than $100,000 as of June 30, 2020. The following table presents the maturity of the broker pools, excluding strategic partner reserve deposits, as of June 30, 2020. (Dollars in thousands) June 30, 2020 Three months or less $ 166,258 Over three months through six months 74,000 Over six months through one year 158,368 Over one year 679,019 Total deposits $ 1,077,645 (B) SBA DEBENTURES AND BORROWINGS Over the years, the SBA has approved commitments for MCI and FSVC, typically for a four and half year ( C ) NOTES PAYABLE TO BANKS The Company and its subsidiaries have entered into note agreements with a variety of local and regional banking institutions over the years. The notes are typically secured by various assets of the underlying borrower. The table below summarizes the key attributes of the Company’s various borrowing arrangements with these lenders as of June 30, 2020. Borrower (Dollars in thousands) # of Lenders/ Notes Note Dates Maturity Dates Type Note Amounts Balance Outstanding at June 30, 2020 Payment Average Interest Rate at June 30, 2020 Interest Rate Index (1) Medallion Financial Corp. 5/5 4/11 - 8/14 9/20 - 3/21 Term loans and demand notes secured by pledged loans (2) $ 20,416 (2) $ 20,416 Interest only (3) 3.68 % Various (3) Medallion Chicago 2/23 11/11 - 12/11 2/21 Term loans secured by owned Chicago medallions (4) 18,449 10,687 $134 of principal & interest paid monthly 3.50 % N/A Medallion Funding 1/1 11/18 12/23 1,400 1,120 $70 principal & interest paid quarterly 4.00 % N/A $ 40,265 $ 32,223 (1) At June 30, 2020, 30-day LIBOR was 0.16%, 360-day LIBOR was 0.55%, and the prime rate was 3.25%. (2) One note has an interest rate of Prime, one note has an interest rate of Prime plus 0.50%, one note has a fixed interest rate of 3.75%, one note has an interest rate of LIBOR plus 3.75%, and the other interest rates on these borrowings are LIBOR plus 2%. (3) Various agreements call for remittance of all principal received on pledged loans subject to minimum monthly payments ranging up to or from $12 to $85. (4) Guaranteed by the Company. On July 6, 2019, the Company paid $10,819,000 at maturity in satisfaction of all its outstanding obligations under one of its credit facilities. In connection with this payment, the Company obtained a waiver from one of its other lenders, with a term note of $2,150,000, of certain resulting repayment and other obligations, which waiver expires on December 15, 2020. In March 2019, the Company used some of the proceeds of the privately placed notes to pay off one of the notes payable to banks at a 50% discount, resulting in a gain on debt extinguishment of $4,145,000 in the 2019 first quarter. In November 2018, MFC entered into a note to the benefit of DZ Bank for $1,400,000 at a 4.00% interest rate due December 2023, as part of the restructuring of the DZ loan. See Note 15 for more information. As a result of the cash flow shortages due to the slowdown in the taxi industry resulting from the COVID-19 pandemic, the Company received 60-90 day payment deferrals that terminated in May and June for the notes payable to banks described above. The Company is currently in the process of requesting extensions of such deferrals; however, there can be no assurance that such extensions will be granted. (D) RETAIL AND PRIVATELY PLACED NOTES In March 2019, the Company completed a private placement to certain institutional investors of $30,000,000 aggregate principal amount of 8.25% unsecured senior notes due 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 $ 4,145,000 in the 2019 first quarter. In August 2019, the private placement was reopened and an additional $ 6,000,000 principal amount of notes was issued to certain institutional investors . In April 2016, the Company issued a total of $33,625,000 aggregate principal amount of 9.00% unsecured notes due 2021, with interest payable quarterly in arrears. The Company used the net proceeds from the offering of approximately $31,786,000 to make loans and other investments in portfolio companies and for general corporate purposes, including repaying borrowings under its DZ loan in the ordinary course of business. (E) PREFERRED SECURITIES In June 2007, the Company issued and sold $36,083,000 aggregate principal amount of unsecured junior subordinated notes to Fin Trust which, in turn, sold $35,000,000 of preferred securities to Merrill Lynch International and issued 1,083 shares of common stock to the Company. The notes bear a variable rate of interest of 90 day LIBOR (0.30% at June 30, 2020) plus 2.13%. The notes mature in September 2037 (F) OTHER BORROWINGS In November and December 2017, RPAC amended the terms of various promissory notes with affiliate Richard Petty (refer to Note 11 for more details). At June 30, 2020, the total outstanding on these notes was $7,368,000 at a 2.00% annual interest rate compounded monthly and due March 31, 2022. Additionally, RPAC has a short term promissory note to an unrelated party for $500,000 due on December 31, 2020. On June 17, 2020, RPAC was approved for and received a Paycheck Protection Program, or PPP, loan under the CARES Act. As of June 30, 2020, the total outstanding balance of such loan was $747,000 at a 1.00% annual interest rate due in five years. Under the terms of the note, RPAC could be granted forgiveness for all or a portion of the balance if the loan proceeds are used in accordance with the requirements set forth in the PPP. As of June 30, 2020, RPAC had not applied for forgiveness of this loan. (G) COVENANT COMPLIANCE Certain of the Company’s debt agreements contain restrictions that require the Company and its subsidiaries to maintain certain financial ratios, including debt to equity and minimum net worth. The Company was in compliance with such restrictions as of June 30, 2020.

Leases

Leases	6 Months Ended
	Jun. 30, 2020
Leases [Abstract]
Leases	(6) LEASES The Company has leased premises that expire at various dates through November 30, 2027 subject to various operating leases. The Company has implemented ASC Topic 842 under a modified retrospective approach in which no adjustments have been made to the prior year balances. The following table presents the operating lease costs and additional information for the three and months ended June 30, 2020 and 2019. Three Months Ended June 30, Six Months Ended June 30, (Dollars in thousands) 2020 2019 2020 2019 Operating lease costs $ 596 $ 531 $ 1,192 $ 1,062 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases 632 537 1,324 1,124 Right-of-use asset obtained in exchange for lease liability (14 ) (14 ) (28 ) (30 ) The following table presents the breakout of the operating leases as of June 30, 2020 and December 31, 2019. (Dollars in thousands) June 30, 2020 December 31, 2019 Operating lease right-of-use assets $ 12,458 $ 13,482 Other current liabilities 2,117 2,085 Operating lease liabilities 11,655 12,738 Total operating lease liabilities 13,772 14,823 Weighted average remaining lease term 6.8 years 7.3 years Weighted average discount rate 5.55 % 5.54 % At June 30, 2020, maturities of the lease liabilities were as follows: (Dollars in thousands) Remainder of 2020 $ 1,286 2021 2,473 2022 2,411 2023 2,356 2024 2,373 Thereafter 5,962 Total lease payments $ 16,861 Less imputed interest 3,089 Total operating lease liabilities $ 13,772

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2020
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 sets forth the significant components of our deferred and other tax assets and liabilities as of June 30, 2020 and December 31, 2019. (Dollars in thousands) June 30, 2020 December 31, 2019 Goodwill and other intangibles $ (45,288 ) $ (45,595 ) Provision for loan losses 23,298 19,198 Net operating loss carryforwards (1) 22,736 22,607 Accrued expenses, compensation, and other assets 1,886 1,701 Unrealized gains on other investments (7,732 ) (6,790 ) Total deferred tax liability (5,100 ) (8,879 ) Valuation allowance (462 ) (462 ) Deferred tax liability, net (5,562 ) (9,341 ) Taxes receivable 977 1,516 Net deferred and other tax liabilities $ (4,585 ) $ (7,825 ) (1) As of June 30, 2020, the Company and its subsidiaries had an estimated $90,204 of net operating loss carryforwards, $1,712 of which expire at various dates between December 31, 2026 and December 31, 2035, which had a net carrying value of $22,274 as of June 30, 2020. The components of our tax benefit for the three and six months ended June 30, 2020 and 2019 were as follows: Three Months Ended June 30, Six Months Ended June 30, (Dollars in thousands) 2020 2019 2020 2019 Current Federal $ — $ — $ — $ (869 ) State (137 ) (136 ) (223 ) (959 ) Deferred Federal 774 1,588 3,299 2,198 State 216 383 1,026 1,721 Net benefit for income taxes $ 853 $ 1,835 $ 4,102 $ 2,091 The following table presents a reconciliation of statutory federal income tax (provision) benefit to consolidated actual income tax benefit for the three and six months ended June 30, 2020 and 2019. Three Months Ended June 30, Six Months Ended June 30, (Dollars in thousands) 2020 2019 2020 2019 Statutory Federal income tax benefit at 21% $ 655 $ 1,663 $ 4,067 $ 1,284 State and local income taxes, net of federal income tax benefit 122 194 760 87 Change in effective state income tax rate 196 — 149 686 Income attributable to non-controlling interest 50 — (166 ) — Non deductible expenses (198 ) — (789 ) — Other 28 (22 ) 81 34 Total income tax benefit $ 853 $ 1,835 $ 4,102 $ 2,091 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 June 30, 2020. 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 2016 through the present are the more significant filings that are open for examination. Currently, the Company is undergoing various examinations covering the years 2016 to 2018.

Stock Options and Restricted St

Stock Options and Restricted Stock	6 Months Ended
	Jun. 30, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [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, 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. A total of 2,210,968 shares of the Company’s common stock are issuable under the 2018 Plan, and 1,003,015 remained issuable as of June 30, 2020. 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 Employee Restricted Stock Plan, or the 2015 Restricted Stock Plan, on February 13, 2015, which was approved by the Company’s shareholders on June 5, 2015. The 2015 Restricted Stock Plan became effective upon the Company’s receipt of exemptive relief from the SEC on March 1, 2016. The terms of 2015 Restricted Stock Plan provided for grants of restricted stock awards to the Company’s employees. A grant of restricted stock is a grant of shares of the Company’s common stock which, at the time of issuance, is subject to certain forfeiture provisions, and thus is restricted as to transferability until such forfeiture restrictions have lapsed. A total of 700,000 shares of the Company’s common stock were issuable under the 2015 Restricted Stock Plan, and 241,919 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. Awards under the 2015 Restricted Stock Plan are subject to certain limitations as set forth in the 2015 Restricted Stock Plan. The 2015 Restricted Stock Plan will terminate when all shares of common stock authorized for delivery under the 2015 Restricted Stock Plan have been delivered and the forfeiture restrictions on all awards have lapsed, or by action of the Board of Directors pursuant to the 2015 Restricted Stock Plan, whichever occurs first. The Company had a stock option plan, or the 2006 Stock Option Plan, available to grant both incentive and nonqualified stock options to employees. The 2006 Stock Option Plan, which was approved by the Board of Directors on February 15, 2006 and shareholders on June 16, 2006, provided for the issuance of a maximum of 800,000 shares of common stock of the Company. No additional shares are available for issuance under the 2006 Stock Option Plan. The 2006 Stock Option Plan was administered by the Compensation Committee of the Board of Directors. 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. The term and vesting periods of the options were determined by the Compensation Committee, provided that the maximum term of an option could not exceed a period of ten years. 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 are exercisable 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 are exercisable 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 June 30, 2020, 869,605 options on the Company’s common stock were outstanding under the Company’s plans, of which 179,079 options were exercisable. Additionally there were 362,943 unvested shares of the Company’s common stock outstanding and 15,624 unvested restricted share units under the Company’s restricted stock plans. 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. The weighted average fair value of options granted was $3.30 per share and $2.98 per share for the six months ended June 30, 2020 and 2019. The following assumption categories are used to determine the value of any option grants. Six Months Ended June 30, 2020 2019 Risk free interest rate 1.46 % 2.39 % Expected dividend yield — 0.79 Expected life of option in years (1) 6.25 6.25 Expected volatility (2) 50.18 48.45 (1) Expected life is calculated using the simplified method. (2) We determine our expected volatility based on our historical volatility. The following table presents the activity for the stock option programs for the 2020 first and second quarters and the 2019 full year. Number of Options Exercise Price Per Share Weighted Average Exercise Price Outstanding at December 31, 2018 144,666 $ 2.14-13.84 $ 7.23 Granted 449,450 5.21-7.25 6.61 Cancelled (44,076 ) 6.55-13.84 9.00 Exercised (1) — — — Outstanding at December 31, 2019 550,040 2.14-13.53 6.58 Granted 335,773 6.68 6.68 Cancelled (14,585 ) 6.55-7.25 6.67 Exercised (1) — — — Outstanding at March 31, 2020 871,228 2.14-13.53 6.62 Granted — — — Cancelled (1,623 ) 6.55-7.25 6.90 Exercised (1) — — — Outstanding at June 30, 2020 869,605 $ 2.14-13.53 $ 6.62 Options exercisable at June 30, 2020 (2) 179,079 2.14-13.53 6.63 (1) The aggregate intrinsic value, 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 $0 for the three and six months ended June 30, 2020 and 2019. (2) The aggregate intrinsic value, which represents the difference between the price of the Company’s common stock at June 30, 2020 and the related exercise price of the underlying options, was $9,000 for outstanding options and $8,000 for exercisable options as of June 30, 2020. The remaining contractual life was 8.85 years for outstanding options and 7.49 years for exercisable options at June 30, 2020. The following table presents the activity for the restricted stock programs for the 2020 first and second quarters and the 2019 full year. Number of Shares Grant Price Per Share Weighted Average Exercise Price Outstanding at December 31, 2018 190,915 $ 2.14-5.27 $ 4.06 Granted 216,148 4.80-7.25 6.59 Cancelled (3,946 ) 3.93-6.55 4.97 Vested (1) (118,238 ) 2.06-4.80 3.89 Outstanding at December 31, 2019 284,879 3.95-7.25 6.01 Granted 165,674 6.68 6.68 Cancelled (5,577 ) 3.95-7.25 6.67 Vested (1) (81,337 ) 3.95-6.55 5.41 Outstanding at March 31, 2020 363,639 4.39-7.25 6.44 Granted — — — Cancelled (696 ) 6.55-7.25 6.97 Vested (1) — — — Outstanding at June 30, 2020 (2) 362,943 $ 4.39-7.25 $ 6.44 (1) The aggregate fair value of the restricted stock vested was $0 and $553,000 for the three and six months ended June 30, 2020, and was $113,000 and $736,000 for the three and six months ended June 30, 2019. (2) The aggregate fair value of the restricted stock was $962,000 as of June 30, 2020. The remaining vesting period was 2.45 years at June 30, 2020. In addition, during the year ended December 31, 2019, the Company granted 26,040 restricted stock units that vested on June 14, 2020 with a grant price of $4.80. These units have the option of deferring settlement until a future date if the recipient makes a formal election under the guidelines of IRC Section 409A, which was done for 15,624 units. The remaining 10,416 units vested and were settled. The following table presents the activity for the unvested options outstanding under the plans for the 2020 first and second quarters. Number of Options Exercise Price Per Share Weighted Average Exercise Price Outstanding at December 31, 2019 487,262 $ 2.14-7.25 $ 6.45 Granted 335,773 6.68 6.68 Cancelled (14,148 ) 6.55-7.25 6.68 Vested (104,939 ) 6.55 6.55 Outstanding at March 31, 2020 703,948 2.14-7.25 6.21 Granted — — — Cancelled (1,422 ) 6.55-7.25 6.95 Vested (12,000 ) 2.22-5.58 4.46 Outstanding at June 30, 2020 690,526 $ 2.14-7.25 $ 6.61 The intrinsic value of the options vested was $1,000 and $42,000 for the three and six months ended June 30, 2020.

Segment Reporting

Segment Reporting	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
Segment Reporting	(9) SEGMENT REPORTING The Company has six business segments, which include four lending and two non-operating segments, 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 medallion. The recreation and home improvement lending segments are conducted by the Bank in all fifty states, with the highest concentrations in Texas, Florida, and California at 16%, 10%, and 9% of loans outstanding and with no other states over 9% as of June 30, 2020. 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, and other consumer recreational equipment, of which RVs, boats, and trailers make up 60%, 19%, and 13% of the segment portfolio as of June 30, 2020. The home improvement lending segment works with contractors and financial service providers to finance residential home improvements concentrated in swimming pools, roofs, windows, and solar panels, at 24%, 23%, 13%, and 10% of total home improvement loans outstanding, and with no other product lines over 10% as of June 30, 2020. The commercial lending segment focuses on enterprise wide industries, including manufacturing services, and various other industries, in which 54% of these loans are made in the Midwest. The medallion lending segment arose in connection with the financing of the medallions, taxis, and related assets, of which 90% were in New York City as of June 30, 2020. In addition, our non-operating segments include RPAC, which is a race car team, and our corporate and other investments segment which includes items not allocated to our operating segments such as investment securities, equity investments, intercompany eliminations, and other corporate elements. As a result of COVID-19, the current year race season had been suspended from March 15, 2020 through May 17, 2020. As states began to reopen, NASCAR resumed races and intends on completing all races scheduled. During the three months ended June 30, 2020, the Bank began issuing loans related to the new strategic partnership business, which is currently included within the corporate and other investment segment due to its small size. As part of the segment reporting, capital ratios for all operating segments have been normalized at 20%, which approximates the percentage of consolidated total equity divided by total assets, with the net adjustment applied to corporate and other investments. In addition, the commercial segment exclusively represents the mezzanine lending business, and the legacy commercial loan business (immaterial to total) has been allocated to corporate and other investments. The following tables present segment data as of and for the three and six months ended June 30, 2020 and 2019. Consumer Lending Corp. Three Months Ended June 30, 2020 (Dollars in thousands) Recreation Home Improvement Commercial Lending Medallion Lending RPAC and Other Investments Consolidated Total interest income $ 27,229 $ 6,326 $ 1,726 $ (7 ) $ — $ 314 $ 35,588 Total interest expense 3,226 1,236 617 988 40 2,728 8,835 Net interest income (loss) 24,003 5,090 1,109 (995 ) (40 ) (2,414 ) 26,753 Provision for loan losses 8,292 760 — 7,889 — — 16,941 Net interest income (loss) after loss provision 15,711 4,330 1,109 (8,884 ) (40 ) (2,414 ) 9,812 Sponsorship and race winnings — — — — 3,626 — 3,626 Race team related expenses — — — — (1,818 ) — (1,818 ) Other income (expense), net (6,497 ) (1,962 ) (584 ) (2,292 ) (1,378 ) (2,025 ) (14,738 ) Net income (loss) before taxes 9,214 2,368 525 (11,176 ) 390 (4,439 ) (3,118 ) Income tax benefit (provision) (2,356 ) (606 ) (131 ) 2,785 (97 ) 1,258 853 Net income (loss) $ 6,858 $ 1,762 $ 394 $ (8,391 ) $ 293 $ (3,181 ) $ (2,265 ) Balance Sheet Data Total loans, net $ 759,764 $ 278,000 $ 68,140 $ 84,369 $ — $ 3,344 $ 1,193,617 Total assets 775,151 288,501 86,831 190,657 30,542 280,061 1,651,743 Total funds borrowed 617,066 229,237 70,567 151,614 8,615 218,695 1,295,794 Selected Financial Ratios Return on average assets 3.68 % 2.58 % 1.86 % (17.19 )% 3.88 % (8.96 )% (0.98 )% Return on average equity 18.38 12.88 9.28 (85.96 ) (53.94 ) (38.05 ) (4.97 ) Interest yield 14.91 9.66 10.67 (0.03 ) N/A N/A 10.95 Net interest margin 13.15 7.77 6.86 (4.08 ) N/A N/A 8.23 Reserve coverage 3.43 1.44 0.00 (1) 29.84 N/A N/A 5.31 Delinquency status (2) 0.44 0.05 0.15 (1) 10.29 N/A N/A 1.26 Charge-off ratio 1.95 0.30 0.00 (3) 1.12 N/A N/A 1.39 (1) Ratio is based on total commercial lending balances, and relates solely to the legacy commercial loan business. (2) Loans 90 days or more past due. (3) Ratio is based on total commercial lending balances, and relates to the total loan business. Consumer Lending Corp. Six Months Ended June 30, 2020 (Dollars in thousands) Recreation Home Improvement Commercial Lending Medallion Lending RPAC and Other Investments Consolidated Total interest income $ 53,563 $ 12,213 $ 3,484 $ 995 $ — $ 875 $ 71,130 Total interest expense 6,792 2,523 1,274 2,837 80 4,329 17,835 Net interest income (loss) 46,771 9,690 2,210 (1,842 ) (80 ) (3,454 ) 53,295 Provision for loan losses 18,893 2,296 — 12,293 — — 33,482 Net interest income (loss) after loss provision 27,878 7,394 2,210 (14,135 ) (80 ) (3,454 ) 19,813 Sponsorship and race winnings — — — — 6,199 — 6,199 Race team related expenses — — — — (3,948 ) — (3,948 ) Other income (expense), net (13,869 ) (4,302 ) (1,479 ) (10,865 ) (3,223 ) (7,694 ) (41,432 ) Net income (loss) before taxes 14,009 3,092 731 (25,000 ) (1,052 ) (11,148 ) (19,368 ) Income tax benefit (provision) (3,582 ) (791 ) (182 ) 6,230 262 2,165 4,102 Net income (loss) $ 10,427 $ 2,301 $ 549 $ (18,770 ) $ (790 ) $ (8,983 ) $ (15,266 ) Balance Sheet Data Total loans, net $ 759,764 $ 278,000 $ 68,140 $ 84,369 $ — $ 3,344 $ 1,193,617 Total assets 775,151 288,501 86,831 190,657 30,542 280,061 1,651,743 Total funds borrowed 617,066 229,237 70,567 151,614 8,615 218,695 1,295,794 Selected Financial Ratios Return on average assets 2.85 % 1.72 % 1.30 % (18.56 )% (5.17 )% (7.14 )% (2.23 )% Return on average equity 14.25 8.62 6.48 (92.14 ) 81.74 (26.03 ) (10.82 ) Interest yield 14.98 9.58 10.97 2.04 N/A N/A 11.31 Net interest margin 13.08 7.58 6.96 (3.78 ) N/A N/A 8.48 Reserve coverage 3.43 1.44 0.00 (1) 29.84 N/A N/A 5.31 Delinquency status (2) 0.44 0.05 0.15 (1) 10.29 N/A N/A 1.26 Charge-off ratio 2.78 0.65 0.00 (3) 3.73 N/A N/A 2.21 (1) Ratio is based on total commercial lending balances, and relates solely to the legacy commercial loan business (2) Loans 90 days or more past due. (3) Ratio is based on total commercial lending balances, and relates to the total loan business. Consumer Lending Corp. Three Months Ended June 30, 2019 (Dollars in thousands) Recreation Home Improvement Commercial Lending Medallion Lending RPAC and Other Investments Consolidated Total interest income $ 24,370 $ 4,678 $ 1,641 $ 666 $ — $ 660 $ 32,015 Total interest expense 3,189 1,037 666 1,591 36 2,302 8,821 Net interest income (loss) 21,181 3,641 975 (925 ) (36 ) (1,642 ) 23,194 Provision for loan losses 6,176 813 — 8,182 — — 15,171 Net interest income (loss) after loss provision 15,005 2,828 975 (9,107 ) (36 ) (1,642 ) 8,023 Sponsorship and race winning — — — — 4,889 — 4,889 Race team related expenses — — — — (2,550 ) — (2,550 ) Other income (expense), net (5,938 ) (1,719 ) (780 ) (6,558 ) (1,717 ) (2,128 ) (18,840 ) Net income (loss) before taxes 9,067 1,109 195 (15,665 ) 586 (3,770 ) (8,478 ) Income tax benefit (provision) (2,349 ) (288 ) (48 ) 3,779 (141 ) 882 1,835 Net income (loss) $ 6,718 $ 821 $ 147 $ (11,886 ) $ 445 $ (2,888 ) $ (6,643 ) Balance Sheet Data as of June 30, 2019 Total loans, net $ 655,868 $ 206,636 $ 60,395 $ 121,314 $ — $ 3,592 $ 1,047,805 Total assets 667,600 217,757 86,725 235,948 33,526 240,397 1,481,953 Total funds borrowed 531,708 173,226 68,654 187,575 7,713 186,460 1,155,336 Selected Financial Ratios as of June 30, 2019 Return on average assets 4.21 % 1.94 % 0.66 % (19.43 )% 5.54 % (4.82 )% (2.06 )% Return on average equity 16.16 7.88 3.31 (97.16 ) (47.72 ) (20.68 ) (10.34 ) Interest yield 15.53 9.46 11.02 1.99 N/A N/A 11.67 Net interest margin 13.50 7.36 6.55 (2.77 ) N/A N/A 8.46 Reserve coverage 1.90 1.39 0.71 (1) 16.88 N/A N/A 3.74 Delinquency status (2) 0.56 0.08 1.13 (1) 2.66 N/A N/A 0.78 Charge-off ratio 1.55 0.17 0.00 (3) 26.47 N/A N/A 4.46 (1) Ratio is based on total commercial lending balances, and relates solely to the legacy commercial loan business. (2) Loans 90 days or more past due. (3) Ratio is based on total commercial lending balances, and relates to the total loan business. Consumer Lending Corp. Six Months Ended June 30, 2019 (Dollars in thousands) Recreation Home Improvement Commercial Lending Medallion Lending RPAC and Other Investments Consolidated Total interest income $ 46,849 $ 9,003 $ 3,517 $ 1,507 $ — $ 1,182 $ 62,058 Total interest expense 5,963 1,943 1,367 3,500 72 3,698 16,543 Net interest income (loss) 40,886 7,060 2,150 (1,993 ) (72 ) (2,516 ) 45,515 Provision for loan losses 13,181 1,362 — 13,516 — 455 28,514 Net interest income (loss) after loss provision 27,705 5,698 2,150 (15,509 ) (72 ) (2,971 ) 17,001 Sponsorship and race winning — — — — 8,068 — 8,068 Race team related expenses — — — — (4,548 ) — (4,548 ) Other income (expense), net (11,320 ) (3,356 ) (1,095 ) (5,344 ) (3,514 ) (3,231 ) (27,860 ) Net income (loss) before taxes 16,385 2,342 1,055 (20,853 ) (66 ) (6,202 ) (7,339 ) Income tax benefit (provision) (4,244 ) (607 ) (254 ) 5,030 16 2,150 2,091 Net income (loss) $ 12,141 $ 1,735 $ 801 $ (15,823 ) $ (50 ) $ (4,052 ) $ (5,248 ) Balance Sheet Data as of June 30, 2019 Total loans, net $ 655,868 $ 206,636 $ 60,395 $ 121,314 $ — $ 3,592 $ 1,047,805 Total assets 667,600 217,757 86,725 235,948 33,526 240,397 1,481,953 Total funds borrowed 531,708 173,226 68,654 187,575 7,713 186,460 1,155,336 Balance Sheet Data as of December 31, 2019 Total loans, net $ 695,257 $ 244,716 $ 66,405 $ 105,022 $ — $ 3,362 $ 1,114,762 Total assets 707,377 252,704 84,924 217,483 31,538 247,641 1,541,667 Total funds borrowed 563,805 201,605 68,666 176,825 7,794 150,898 1,169,593 Selected Financial Ratios as of June 30, 2019 Return on average assets 3.93 % 1.98 % 1.81 % (12.53 )% (0.32 )% (3.16 )% (0.89 )% Return on average equity 16.26 8.65 9.03 (62.63 ) (3.13 ) (12.54 ) (4.36 ) Interest yield 15.49 9.44 11.85 2.17 N/A N/A 11.58 Net interest margin 13.52 7.40 7.24 (2.87 ) N/A N/A 8.49 Reserve coverage 1.90 1.39 0.71 (1) 16.88 N/A N/A 3.74 Delinquency status (2) 0.56 0.08 1.13 (1) 2.66 N/A N/A 0.78 Charge-off ratio 2.43 0.26 0.00 (3) 23.94 N/A N/A 4.88 (1) Ratio is based on total commercial lending balances, and relates solely to the legacy commercial loan business. (2) Loans 90 days or more past due. (3) Ratio is based on total commercial lending balances, and relates to the total loan business.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2020
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	(10) COMMITMENTS AND CONTINGENCIES (A) EMPLOYMENT AGREEMENTS The Company has employment agreements with certain key officers for either a two- or five-year term. Annually, the contracts with a five-year term will renew for new five-year terms unless prior to the end of the first year, either the Company or the executive provides notice to the other party of its intention not to extend the employment period beyond the current five-year term. Typically, the contracts with a two-year term will renew for new 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-year term; however, there is currently one agreement that renews after two years for additional one-year terms and one agreement with a two-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. Employment agreements expire at various dates through 2025, with future minimum payments under these agreements of approximately $13,412,000. (B) OTHER COMMITMENTS The Company had no commitments to extend credit or make investments outstanding at June 30, 2020. 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) LITIGATION The Company and its subsidiaries become defendants to various legal proceedings arising from the normal course of business. In the opinion of management, based on the advice of legal counsel, 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. (D) REGULATORY In the ordinary course of business, the Company and its subsidiaries are subject to inquiries from certain regulators. During 2014, FSVC was examined by the SBA. The foregoing regulatory examination was resolved in January 2017 as a result of FSVC’s transfer to liquidation status and the restructure of the FSVC loan described in Note 5.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2020
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, MCI, 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, is an officer of LAX Group, LLC (LAX), one of the Company’s equity investments. Mr. Rudnick receives a salary from LAX of $178,000 per year, which subsequent to the end of the quarter was reduced to $133,000, and certain equity from LAX consisting of 10% ownership in LAX Class B stock, vesting at 3.34% per year; 5% of any new equity raised from outside investors at a valuation of $1,500,000 or higher; and 10% of LAX’s profits as a year-end bonus. In addition, Mr. Rudnick provides consulting services to the Company directly for a monthly retainer of $4,200. The Company’s subsidiary RPAC, has an agreement with minority shareholder Richard Petty, in which it makes an annual payment of $700,000 per year for services provided to the entity. In addition, RPAC has a note payable to a trust controlled by Mr. Petty of $7,368,000 that earns interest at an annual rate of 2% through June 30, 2020, and none of such interest has been paid to date.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 2020
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) Book value equals fair value. (b) The Company’s equity securities are recorded at cost less any impairment plus or minus observable price changes. (c) The Company’s investments are recorded at the estimated fair value of such investments. (d) The Company’s loans are recorded at book value which approximated fair value. (e) Due to the short-term nature of these instruments, the carrying amount approximated fair value. (f) 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 June 30, 2020 and December 31, 2019, the estimated fair value of these off-balance-sheet instruments was not material. (g) —The fair value of the debentures payable to the SBA is estimated based on current market interest rates for similar debt. June 30, 2020 December 31, 2019 (Dollars in thousands) Carrying Amount Fair Value Carrying Amount Fair Value Financial assets Cash, cash equivalents and federal funds sold (1) $ 103,884 $ 103,884 $ 67,821 $ 67,821 Equity investments 10,389 10,389 10,079 10,079 Investment securities 47,495 47,495 48,998 48,998 Loans receivable 1,193,617 1,193,617 1,114,762 1,114,762 Accrued interest receivable (2) 10,643 10,643 8,662 8,662 Financial liabilities Funds borrowed (3) 1,295,794 1,295,727 1,169,593 1,171,274 Accrued interest payable (2) 4,497 4,497 4,398 4,398 (1) Categorized as level 1 within the fair value hierarchy. See Note 13. (2) Categorized as level 3 within the fair value hierarchy. See Note 13. (3) As of June 30, 2020 and December 31, 2019, publicly traded retail notes traded at a discount to par of $67 and a premium to par of $1,681, respectively.

Fair Value of Assets and liabil

Fair Value of Assets and liabilities	6 Months Ended
	Jun. 30, 2020
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). Our 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 US 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 with the quarter ended March 31, 2020, the Company elected to measure equity investments at fair value on a non-recurring basis, which have been adjusted for all periods presented. The following table presents the Company’s fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of June 30, 2020 and December 31, 2019. June 30, 2020 (Dollars in thousands) Level 1 Level 2 Level 3 Total Assets Interest-bearing deposits $ — $ 2,567 $ — $ 2,567 Available for sale investment securities (1) — 47,495 — 47,495 Total $ — $ 50,062 $ — $ 50,062 (1) Total unrealized gain of $1,128, net of tax, was included in accumulated other comprehensive income (loss) for the six months ended June 30, 2020 related to these assets. December 31, 2019 (Dollars in thousands) Level 1 Level 2 Level 3 Total Assets Available for sale investment securities (1) $ — $ 48,998 $ — $ 48,998 Total $ — $ 48,998 $ — $ 48,998 (1) Total unrealized gains of $1,081, net of tax, was included in accumulated other comprehensive income (loss) for the year ended December 31, 2019 related to these assets. 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 June 30, 2020 and December 31, 2019. June 30, 2020 (Dollars in thousands) Level 1 Level 2 Level 3 Total Assets Equity investments $ — $ — $ 10,389 $ 10,389 Impaired loans — — 81,925 81,925 Loan collateral in process of foreclosure — — 47,375 47,375 Total $ — $ — $ 139,689 $ 139,689 December 31, 2019 (Dollars in thousands) Level 1 Level 2 Level 3 Total Assets Equity investments $ — $ — $ 10,079 $ 10,079 Impaired loans — — 34,915 34,915 Loan collateral in process of foreclosure — — 52,711 52,711 Total $ — $ — $ 97,705 $ 97,705 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 recurring and non-recurring level 3 fair value measurements of assets and liabilities as of June 30, 2020 and December 31, 2019. (Dollars in thousands) Fair Value at 6/30/20 Valuation Techniques Unobservable Inputs Range (Weighted Average) Equity investments $ 8,934 Investee financial analysis Financial condition and operating performance of the borrower (1) N/A Collateral support N/A 1,455 Precedent market transaction Offering price $8.73 / share Impaired loans 44,557 Market approach Historical and actual loss experience 1.50% - 6.00% 60% of balance Median transfer price (2) $4.0 - 149.5 Collateral value N/A 37,368 Discounted cash flow Discount rate 12.78 % Terminal value $ 119.5 Terms 0-41 months Monthly payments $0.6- 5.0 Loan collateral in process of foreclosure 47,375 Market approach Collateral value (3) N/A Median transfer price (2) $4.0 - 149.5 (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 portfolio. (Dollars in thousands) Fair Value at 12/31/19 Valuation Techniques Unobservable Inputs Range (Weighted Average) Equity investments $ 7,435 Investee financial analysis Financial condition and operating performance of the borrower N/A Collateral support N/A 1,189 Investee book value adjusted for market appreciation Financial condition and operating performance of the borrower N/A Public company comparables Business enterprise value $4,855 - 6,120 Business enterprise value/revenue multiples 1.59 - 5.98x Discount for lack of marketability 25 % 1,455 Precedent market transaction Offering price $8.73 / share

Medallion Bank Preferred Stock

Medallion Bank Preferred Stock (Non-controlling Interest)	6 Months Ended
	Jun. 30, 2020
Medallion Bank [Member]
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 $46,000,000 aggregate liquidation amount, yielding net proceeds of $42,485,000, 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 three-month Secured Overnight Financing Rate, or SOFR) plus a spread of 6.46% per annum. On February 27, 2009 and December 22, 2009, the Bank issued, and the US Treasury purchased under the Troubled Assets Relief Program, or TARP, Capital Purchase Program, or the CPP, the Bank’s fixed rate non-cumulative Perpetual Preferred Stock, Series A, B, C, and D for an aggregate purchase price of $21,498,000 in cash. On July 21, 2011, the Bank issued, and the US Treasury purchased 26,303 shares of Senior Non-Cumulative Perpetual Preferred Stock, Series E, or Series E, for an aggregate purchase price of $26,303,000 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. In connection with the issuance of the Series E, the Bank exited the CPP by redeeming the Series A, B, C, and D; and received approximately $4,000,000, net of dividends due on the repaid securities. The Bank pays a dividend rate of 9% on the Series E.

Variable Interest Entities

Variable Interest Entities	6 Months Ended
	Jun. 30, 2020
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Variable Interest Entities	(15) VARIABLE INTEREST ENTITIES During the 2018 third quarter, the Company determined that Trust III was a VIE. Trust III had been consolidated as a subsidiary of MFC historically, although it should have been consolidated under the variable interest model, since MFC was its primary beneficiary until October 31, 2018. Trust III is a VIE since the key decision-making authority rests in the servicing agreement (where MFC is the servicer for Trust III) rather than in the voting rights of the equity interests and as a result the decision-making rights are considered a variable interest. This conclusion is supported by a qualitative assessment that Trust III does not have sufficient equity at risk. Since the inception of Trust III, MFC had also been party to a limited guaranty which was considered a variable interest because, pursuant to the guaranty, MFC absorbed variability as a result of the on-going performance of the loans in Trust III. As of October 31, 2018, the Company determined that MFC was no longer the primary beneficiary of Trust III and accordingly deconsolidated the VIE, leading to a net gain of $25,325,000 recorded as well as a new promissory note payable by MFC of $1,400,000 issued in settlement of the limited guaranty (see Note 5 for more details). The Company’s interest in Trust III is accounted for as an equity investment and has a value of $0 as of June 30, 2020 and December 31, 2019. In addition, the Company remains the servicer of the assets of Trust III for a fee In December 2008, Trust III entered into the DZ loan agreement with DZ Bank, to provide up to $200,000,000 of financing through a commercial paper conduit to acquire medallion loans from MFC, or the DZ loan. The loan, which has an outstanding balance of $86,925,000, currently terminates on November 15, 2020. Borrowings under the DZ loan are collateralized by Trust III’s assets.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2020
Subsequent Events [Abstract]
Subsequent Events	(16) SUBSEQUENT EVENTS On July 31, 2020, MCI accepted a commitment from the SBA for $25 million in debenture financing with a ten-year

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2020
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 US, 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.
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 includes $2,970,000 of an interest reserve associated with the private placements of debt in March and August 2019, which cannot be used for any other purpose until March 2022. Cash also includes $2,500,000 of interest-bearing funds deposited in other banks that are callable, with terms of 4 to 7 years.
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 readily determinable fair value to be valued as such, and those that do not to be measured at cost, less any impairment plus or minus any observable price changes. Equity investments of $10,389,000 and $10,079,000 at June 30, 2020 and December 31, 2019, comprised mainly of nonmarketable stock and stock warrants, are recorded at cost less any impairment plus or minus observable price changes. As of June 30, 2020 and December 31, 2019, the Company determined that there was no impairment or observable price change.
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 $271,000 at June 30, 2020 and $248,000 at December 31, 2019, and $79,000 and $134,000 was amortized to interest income for the three and six months ended June 30, 2020 and $13,000 and $25,000 was amortized to interest income for the three and six months ended June 30, 2019. Refer to Note 3 for more details. ASC 320 further requires that held-to-maturity securities be reported 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 .
Loans	Loans The Company’s loans are currently reported at the principal amount outstanding, inclusive of deferred loan acquisition costs, which primarily includes deferred fees paid to loan originators, and which is amortized to interest income over the life of the loan. Effective April 2, 2018, the Company withdrew its previous election to be regulated as a business development company under the Investment Company Act of 1940, and therefore changed the Company’s financial reporting from investment company accounting to bank holding company accounting. As a result, the existing loan balances were adjusted to fair value in connection with the change in reporting, and balances, net of reserves and fees, became the opening balances. Loan origination fees and certain direct origination costs are deferred and recognized as an adjustment to the yield of the related loans. At June 30, 2020 and December 31, 2019, net loan origination costs were $20,076,000 and $17,839,000. Net amortization to income for the three months ended June 30, 2020 and 2019 was $1,587,000 and $1,238,000, and was $2,891,000 and $2,389,000 for the six months ended June 30, 2020 and 2019. Interest income is recorded on the accrual basis. 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 portfolio has different characteristics, typified by a larger number of lower dollar loans that have similar characteristics. A loan is considered to be impaired, or nonperforming, when based on current information and events, it is likely the Company will be unable 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 impaired. These 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 collection and 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 to write 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 a recovery. Total loans 90 days or more past due were $15,576,000 at June 30, 2020, or 1.26% of the total loan portfolio, compared to $8,663,000, or 0.76% at December 31, 2019. On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act, or the CARES Act, was signed into law to address the economic impacts of the COVID-19 pandemic. Under the CARES Act and related guidance from the FDIC, the Company has temporarily suspended its delinquency and nonperforming treatment for certain loans that have been granted a payment accommodation that facilitates the borrowers’ ability to work through the immediate impact of the virus. Borrowers who were current prior to becoming affected by COVID-19 and then receive payment accommodations as a result of the effects of the COVID-19 pandemic, generally are not reported as past due if all payments are current in accordance with the revised terms of the loans. The Company has chosen to apply this part of the CARES Act in connection with eligible accommodations and will not report the applicable loans as past due for any payments not made during the deferment period. If the deferrals had not been granted, and no payments were made on such loans, loans 90 days or more past due would have been $115,216,000 at June 30, 2020, or 9.3% of the total loan portfolio, primarily in the medallion loan portfolio. In situations where, for economic or legal reasons related to a borrower’s financial difficulties, the Company grants concessions to the borrower for other than an insignificant period of time that the Company would not otherwise consider, the related loan is classified as a troubled debt restructuring, or TDR. The Company strives to identify borrowers in financial difficulty early and work with them to modify their loan s to more affordable terms before they reach nonaccrual status. These modified terms may include 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. Loans classified as TDRs are considered impaired loans. Beginning in the third quarter 2019, all consumer loans which are party to a Chapter 13 bankruptcy are immediately classified as TDRs. The Company’s policy with regard to bankrupt loans is take an immediate 40 % write down of the loan balance . Under the C ARES Act , during the applicable period beginning March 1, 2020 and ending on the earlier of December 31, 2020 or 60 days after the date which the coronavirus, or COVID-19, national emergency terminates, companies may elect to (a) suspend the requirements of US GAAP for loan modifications related to COVID-19 that would otherwise be categorized as TDRs and (b) suspend any determination of a loan modified as a result of the effects of COVID-19 as a TDR, including impairment for accounting purposes. Any such suspension is applicable for the term of the loan modification, but solely with respect to any modification that occurs during the applicable period for a loan that was not more than 30 days past due as of December 31, 2019, and shall not apply to any adverse impact on the credit of a borrower that is not related to COVID-19. As of June 30 , 2020, there were no consumer or medallion loan modifications related to COVID-19 that would have otherwise been classified as a TDR, and therefore there was no need for the Company to elect this relief under the CARES Act during the 2020 second quarter . However, we expect to have loan modifications related to COVID-19 that would apply under this provision of the CARES Act in the future. Loan collateral in process of foreclosure primarily includes medallion loans that have reached 120 days past due and have been charged-down to their net realizable value, in addition to consumer repossessed collateral in the process of being sold. The medallion loan component reflects that the collection activities on the loans have transitioned from working with the borrower, to the liquidation of the collateral securing the loans. The Company had $23,303,000 and $28,833,000 of net loans pledged as collateral under borrowing arrangements at June 30, 2020 and December 31, 2019. The Company accounts for its sales of loans in accordance with FASB Accounting Standards Codification 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 $108,195,000 at June 30, 2020 and $113,581,000 at December 31, 2019. The Company has evaluated the servicing aspect of its business in accordance with FASB ASC 860, which relates to servicing assets held by MFC (related to the remaining assets in Trust III) and the Bank, and determined that no material servicing asset or liability existed as of June 30, 2020 and December 31, 2019. The Company assigned its servicing rights of the Bank’s portfolio to MSC. The costs of servicing were allocated to MSC by the Company, and the servicing fee income was billed to and collected from the Bank by MSC.
Allowance for Loan Losses	Allowance for Loan Losses The allowance for loan losses is evaluated on a regular basis by management and is based upon management’s periodic review of the collectability of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, estimated value of any underlying collateral, prevailing economic conditions, and excess concentration risks. In analyzing the adequacy of the allowance for loan losses, the Company uses historical delinquency and actual loss rates with a one year lookback period for consumer loans. For commercial loans deemed nonperforming, the historical loss experience and other projections are looked at. For medallion loans, delinquent nonperforming loans are valued at the median sales price over the most recent quarter, non-delinquent nonperforming loans are valued at the discounted cash flow if such loans were modified and it is clear that sources other than the taxi business were instrumental in keeping such loans current, and performing medallion loans are reserved utilizing historical loss ratios over a three-year lookback period. This evaluation is inherently subjective, as it requires estimates that are susceptible to significant revision as more information becomes available. As a result, reserves of $2,025,000 were recorded by the Company as a general reserve on medallion loans as an additional buffer against future losses, not including the Bank’s general reserve of $17,351,000 which was netted against loan balances at consolidation on April 2, 2018. Subsequent to April 2, 2018, the Bank recorded a general reserve benefit of $11,555,000. As a result of COVID-19, there was an increase in the reserve percentages of 50 basis points on the recreational subprime loan business, and an increase in the medallion loans general reserve inputs due to the uncertainty about the potential impact on the business, which had resulted in an increase to the general reserves of $6,768,000 during the 2020 second quarter. The Company continues to monitor the impact of COVID-19 on the consumer, commercial, and medallion loans. Had there been no payment deferrals offered to borrowers under the CARES Act, potential loans 90 days or more past due would have resulted in increased reserves and/or charge-offs. Credit losses are deducted from the allowance and subsequent recoveries are added back to the allowance.
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 change to bank holding company accounting, 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 June 30, 2020 , December 31, 2019 , and June 30, 2019 , the Company had goodwill of $ 150,803,000 , which all related to the Bank, and intangible assets of $ 51,814,000 , $ 52,536,000 and $ , and the Company recognized $ 361,000 and $ of amortization expense on the intangible assets for the three months ended June 30, 2020 and 201 9 , and $ and $ 723,000 of amortization expense on the intangible assets for the six mont hs ended June 30, 2020 and 2019 . Additionally, loan portfolio premiums of $ 12,387,000 were determined as of April 2, 2018, of which $ , $ , and $ were outstanding at June 30, 2020 , December 31, 2019 , and June 30, 2019 , and of which $ and $ w ere amortized to interest income for the three months ended June 30, 2020 and 201 9 , and of which $ and $ 2,173,000 was amortized to interest income for the six months ended June 30, 2020 and 2019 . The Company engaged an expert to assess the goodwill and intangibles for impairment at December 31, 201 9 , who concluded there was no impairment on the Bank and on the RPAC intangible asset . T he Company reviewed the goodwill related to the Bank and the RPAC intangible asset s , considered whether the current COVID-19 pandemic had any effect on such goodwill, and concluded that there was no additional impairment as of June 30 , 2020. The table below shows the details of the intangible assets as of the dates presented. (Dollars in thousands) June 30, 2020 December 31, 2019 Brand-related intellectual property $ 19,525 $ 20,075 Home improvement contractor relationships 6,124 6,296 Race organization 26,165 26,165 Total intangible assets $ 51,814 $ 52,536
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 $139,000 and $105,000 for the three months ended June 30, 2020 and 2019, and was $261,000 and $205,000 for the six months ended June 30, 2020 and 2019.
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 was $586,000 and $597,000 for the three months ended June 30, 2020 and 2019, and was $1,308,000 and $1,118,000 for the six months ended June 30, 2020 and 2019. 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 $4,709,000, $5,105,000, and $5,584,000 as of June 30, 2020, December 31, 2019, and June 30, 2019.
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.
Sponsorship and Race Winnings	Sponsorship and Race Winnings The Company accounts for sponsorship and race winnings revenue under FASB ASC Topic 606, Revenue from Contracts with Customers. Sponsorship revenue is recognized when the Company’s performance obligations are completed in accordance with the contract terms of the sponsorship contract. Race winnings revenue is recognized after each race during the season based upon terms provided by NASCAR and the placement of the driver.
Earnings (Loss) Per Share (EPS)	Earnings (Loss) Per Share (EPS) Basic earnings (loss) per share are computed by dividing net income (loss) 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 giving consideration to 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 shows the calculation of basic and diluted EPS. Three Months Ended June 30, Six Months Ended June 30, (Dollars in thousands, except share and per share data) 2020 2019 2020 2019 Net loss resulting from operations available to common stockholders $ (3,977 ) $ (7,500 ) $ (17,620 ) $ (6,272 ) Weighted average common shares outstanding applicable to basic EPS 24,444,677 24,359,280 24,423,225 24,323,967 Effect of dilutive stock options — — — — Effect of restricted stock grants — — — — Adjusted weighted average common shares outstanding applicable to diluted EPS 24,444,677 24,359,280 24,423,225 24,323,967 Basic loss per share $ (0.16 ) $ (0.31 ) $ (0.72 ) $ (0.26 ) Diluted loss per share (0.16 ) (0.31 ) (0.72 ) (0.26 ) Potentially dilutive common shares excluded from the above calculations aggregated 851,272 and 498,714 shares as of June 30, 2020 and 2019.
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 six months ended June 30, 2020 and 2019, the Company issued 165,674 and 167,849 of restricted shares of stock-based compensation awards, issued 335,773 and 375,481 shares of other stock-based compensation awards, and issued no restricted stock units and recognized $520,000 and $987,000, or $0.02 and $0.04 per share, for the three and six months ended June 30, 2020, and $340,000 and $505,000, or $0.01 and $0.02 per share, for the three and six months ended June 30, 2019, of non-cash stock-based compensation expense related to the grants. As of June 30, 2020, the total remaining unrecognized compensation cost related to unvested stock options and restricted stock was $2,845,000, which is expected to be recognized over the next 15 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, such as certain purchases of assets, with 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 below). 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%, which could preclude its ability to pay dividends to the Company, and that an adequate allowance for loan losses be maintained. As of June 30, 2020, the Bank’s Tier 1 leverage ratio was 16.96%. 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 June 30, 2020 December 31, 2019 Common equity Tier 1 capital — — $ 153,401 $ 158,187 Tier 1 capital — — 222,189 226,975 Total capital — — 238,617 241,842 Average assets — — 1,310,103 1,172,866 Risk-weighted assets — — 1,252,122 1,144,337 Leverage ratio (1) 4.0 % 5.0 % 17.0 % 19.4 % Common equity Tier 1 capital ratio (2) 7.0 6.5 12.3 13.8 Tier 1 capital ratio (3) 8.5 8.0 17.7 19.8 Total capital ratio (3) 10.5 10.0 19.1 21.1 (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 June 30, 2020 and December 31, 2019 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 June 30, 2020 and December 31, 2019.
Recently Issued Accounting Standards	Recently Issued Accounting Standards In December 2019, the FASB issued ASU 2019-12 “Income Taxes, or Topic 740: Simplifying the Accounting for Income Taxes.” The objective of this update is to simplify the accounting for income taxes by removing certain exceptions to the general principles and improve consistent application of and simplify other areas of Topic 740. The amendments in this update are effective for annual periods beginning after December 15, 2020, and for interim periods within those fiscal years. The Company does not believe this update will have a material impact on its financial condition. In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses, or Topic 326: Measurement of Credit Losses on Financial Instruments. The main objective of this new standard is to provide financial statement users with more decision-useful information about the expected credit losses on financial assets and other commitments to extend credit held by a reporting entity at each reporting date. Under the FASB’s new standard, the concepts used by entities to account for credit losses on financial instruments will fundamentally change. The existing “probable” and “incurred” loss recognition threshold is removed. Loss estimates are based upon lifetime “expected” credit losses. The use of past and current events must now be supplemented with “reasonable and supportable” expectations about the future to determine the amount of credit loss. The collective changes to the recognition and measurement accounting standards for financial instruments and their anticipated impact on the allowance for credit losses modeling have been universally referred to as the CECL (current expected credit loss) model. ASU 2016-13 applies to all entities and is effective for fiscal years beginning after December 15, 2019 for public entities, with early adoption permitted. In November 2019, the FASB issued ASU 2019-10 to defer implementation of the standard for smaller reporting companies, such as the Company, to fiscal years beginning after December 15, 2022. The Company is assessing the impact the update will have on its financial statements, and expects the update to have a material impact on the Company ’s account ing for estimated credit losses on its loans.
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)	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Schedule of Intangible Assets	The table below shows the details of the intangible assets as of the dates presented. (Dollars in thousands) June 30, 2020 December 31, 2019 Brand-related intellectual property $ 19,525 $ 20,075 Home improvement contractor relationships 6,124 6,296 Race organization 26,165 26,165 Total intangible assets $ 51,814 $ 52,536
Summary of the Calculation of Basic and Diluted EPS	The table below shows the calculation of basic and diluted EPS. Three Months Ended June 30, Six Months Ended June 30, (Dollars in thousands, except share and per share data) 2020 2019 2020 2019 Net loss resulting from operations available to common stockholders $ (3,977 ) $ (7,500 ) $ (17,620 ) $ (6,272 ) Weighted average common shares outstanding applicable to basic EPS 24,444,677 24,359,280 24,423,225 24,323,967 Effect of dilutive stock options — — — — Effect of restricted stock grants — — — — Adjusted weighted average common shares outstanding applicable to diluted EPS 24,444,677 24,359,280 24,423,225 24,323,967 Basic loss per share $ (0.16 ) $ (0.31 ) $ (0.72 ) $ (0.26 ) Diluted loss per share (0.16 ) (0.31 ) (0.72 ) (0.26 )
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 June 30, 2020 December 31, 2019 Common equity Tier 1 capital — — $ 153,401 $ 158,187 Tier 1 capital — — 222,189 226,975 Total capital — — 238,617 241,842 Average assets — — 1,310,103 1,172,866 Risk-weighted assets — — 1,252,122 1,144,337 Leverage ratio (1) 4.0 % 5.0 % 17.0 % 19.4 % Common equity Tier 1 capital ratio (2) 7.0 6.5 12.3 13.8 Tier 1 capital ratio (3) 8.5 8.0 17.7 19.8 Total capital ratio (3) 10.5 10.0 19.1 21.1 (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)	6 Months Ended
	Jun. 30, 2020
Schedule Of Investments [Abstract]
Summary of Fixed Maturity Securities Available for Sale	Fixed maturity securities available for sale as of June 30, 2020 and December 31, 2019 consisted of the following: June 30, 2020 (Dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Mortgage-backed securities, principally obligations of US federal agencies $ 35,310 $ 1,645 $ (3 ) $ 36,952 State and municipalities 10,301 242 — 10,543 Total $ 45,611 $ 1,887 $ (3 ) $ 47,495 December 31, 2019 (Dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Mortgage-backed securities, principally obligations of US federal agencies $ 36,335 $ 411 $ (112 ) $ 36,634 State and municipalities 12,279 186 (101 ) 12,364 Total $ 48,614 $ 597 $ (213 ) $ 48,998
Summary of Amortized Cost and Estimated Market Value of Investment Securities by Contractual Maturity	The amortized cost and estimated market value of investment securities as of June 30, 2020 by contractual maturity are shown 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. (Dollars in thousands) Amortized Cost Fair Value Due in one year or less $ 25 $ 25 Due after one year through five years 11,769 12,250 Due after five years through ten years 12,089 12,877 Due after ten years 21,728 22,343 Total $ 45,611 $ 47,495
Summary of Securities with Gross Unrealized Losses	The following tables show information pertaining to securities with gross unrealized losses at June 30, 2020 and December 31, 2019, 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 June 30, 2020 (Dollars in thousands) Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Mortgage-backed securities, principally obligations of US federal agencies $ (3 ) $ 1,820 $ — $ — State and municipalities — — — 274 Total $ (3 ) $ 1,820 $ — $ 274 Less than Twelve Months Twelve Months and Over December 31, 2019 (Dollars in thousands) Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Mortgage-backed securities, principally obligations of US federal agencies $ (74 ) $ 8,291 $ (38 ) $ 4,939 State and municipalities (17 ) 2,099 (84 ) 2,739 Total $ (91 ) $ 10,390 $ (122 ) $ 7,678

Loans and Allowance for Loan _2

Loans and Allowance for Loan Losses (Tables)	6 Months Ended
	Jun. 30, 2020
Text Block [Abstract]
Summary of Inclusive Capitalized Loans	The following table shows the major classification of loans, inclusive of capitalized loan origination costs, at June 30, 2020 and December 31, 2019. As of June 30, 2020 As of December 31, 2019 (Dollars in thousands) Amount As a Percent of Gross Loans Amount As a Percent of Gross Loans Recreation $ 786,785 62 % $ 713,332 62 % Home improvement 282,072 22 247,324 21 Commercial 71,476 6 69,767 6 Medallion 120,253 10 130,432 11 Strategic partnership 8 — — — Total gross loans 1,260,594 100 % 1,160,855 100 % Allowance for loan losses (66,977 ) (46,093 ) Total net loans $ 1,193,617 $ 1,114,762
Schedule of Activity of Gross Loans	The following tables show the activity of the gross loans for the three and six ended June 30, 2020 and 2019. Three Months Ended June 30, 2020 (Dollars in thousands) Recreation Home Improvement Commercial Medallion Strategic Partnership Total Gross loans – March 31, 2020 $ 735,175 $ 255,899 $ 68,257 $ 124,448 $ — $ 1,183,779 Loan originations 106,206 44,713 3,000 — 153 154,072 Principal payments, sales and maturities (49,457 ) (18,496 ) (132 ) (1,687 ) (145 ) (69,917 ) Charge-offs, net (3,565 ) (196 ) — (260 ) — (4,021 ) Transfer to loan collateral in process of foreclosure, net (3,003 ) — — (2,185 ) — (5,188 ) Amortization of origination costs (2,031 ) 455 2 (13 ) — (1,587 ) Amortization of loan premium (51 ) (82 ) — (46 ) — (179 ) FASB origination costs 3,511 (221 ) 8 (4 ) — 3,294 Paid-in-kind interest — — 341 — — 341 Gross loans – June 30, 2020 $ 786,785 $ 282,072 $ 71,476 $ 120,253 $ 8 $ 1,260,594 Six Months Ended June 30, 2020 (Dollars in thousands) Recreation Home Improvement Commercial Medallion Strategic Partnership Total Gross loans – December 31, 2019 $ 713,332 $ 247,324 $ 69,767 $ 130,432 $ — $ 1,160,855 Loan originations 175,850 78,178 5,175 — 153 259,356 Principal payments, sales and maturities (86,529 ) (42,720 ) (4,112 ) (3,780 ) (145 ) (137,286 ) Charge-offs, net (9,946 ) (832 ) — (1,820 ) — (12,598 ) Transfer to loan collateral in process of foreclosure, net (7,781 ) — — (4,344 ) — (12,125 ) Amortization of origination costs (3,760 ) 896 4 (31 ) — (2,891 ) Amortization of loan premium (103 ) (168 ) — (237 ) — (508 ) FASB origination costs 5,722 (606 ) 8 33 — 5,157 Paid-in-kind interest — — 634 — — 634 Gross loans – June 30, 2020 $ 786,785 $ 282,072 $ 71,476 $ 120,253 $ 8 $ 1,260,594 Three Months Ended June 30, 2019 (Dollars in thousands) Recreation Home Improvement Commercial Medallion Total Gross loans – March 31, 2019 $ 609,999 $ 193,275 $ 55,211 $ 165,715 $ 1,024,200 Loan originations 102,695 33,533 9,270 — 145,498 Principal payments, sales and maturities (40,088 ) (16,837 ) (226 ) (3,162 ) (60,313 ) Charge-offs, net (2,433 ) (86 ) — (8,844 ) (11,363 ) Transfer to loan collateral in process of foreclosure, net (3,491 ) — — (6,863 ) (10,354 ) Amortization of origination costs (1,582 ) 347 1 (4 ) (1,238 ) Amortization of loan premium (67 ) (111 ) — (903 ) (1,081 ) FASB origination costs 3,507 (572 ) (2 ) 5 2,938 Paid-in-kind interest — — 188 — 188 Gross loans – June 30, 2019 $ 668,540 $ 209,549 $ 64,442 $ 145,944 $ 1,088,475 Six Months Ended June 30, 2019 (Dollars in thousands) Recreation Home Improvement Commercial Medallion Total Gross loans – December 31, 2018 $ 587,038 $ 183,155 $ 64,083 $ 183,606 $ 1,017,882 Loan originations 166,327 60,180 9,770 — 236,277 Principal payments, sales and maturities (73,140 ) (33,072 ) (9,805 ) (6,599 ) (122,616 ) Charge-offs, net (7,363 ) (245 ) — (16,631 ) (24,239 ) Transfer to loan collateral in process of foreclosure, net (6,883 ) — — (12,568 ) (19,451 ) Amortization of origination costs (3,020 ) 693 30 (92 ) (2,389 ) Amortization of loan premium (136 ) (220 ) — (1,817 ) (2,173 ) FASB origination costs 5,717 (942 ) (61 ) 45 4,759 Paid-in-kind interest — — 425 — 425 Gross loans – June 30, 2019 $ 668,540 $ 209,549 $ 64,442 $ 145,944 $ 1,088,475
Summary of Activity in Allowance for Loan Losses	The following table sets forth the activity in the allowance for loan losses for the three and six months ended June 30, 2020 and 2019. Three Months Ended June 30, Six Months Ended June 30, (Dollars in thousands) 2020 2019 2020 2019 Allowance for loan losses – beginning balance $ 54,057 $ 36,862 $ 46,093 $ 36,395 Charge-offs Recreation (5,708 ) (4,395 ) (13,951 ) (10,921 ) Home improvement (548 ) (539 ) (1,558 ) (1,088 ) Commercial — — — — Medallion (1,771 ) (9,242 ) (3,696 ) (18,029 ) Total charge-offs (8,027 ) (14,176 ) (19,205 ) (30,038 ) Recoveries Recreation 2,143 1,962 4,005 3,558 Home improvement 352 453 726 843 Commercial — — — — Medallion 1,511 398 1,876 1,398 Total recoveries 4,006 2,813 6,607 5,799 Net charge-offs (1) (4,021 ) (11,363 ) (12,598 ) (24,239 ) Provision for loan losses 16,941 15,171 33,482 28,514 Allowance for loan losses – ending balance (2) (3) $ 66,977 $ 40,670 $ 66,977 $ 40,670 ( 1 ) As of June 30, 2020 , cumulative net charge-offs of loans and loan collateral in process of foreclosure in the medallion loan portfolio were $ , representing collection opportunities for the Company. ( 2 ) Includes $2,025 of a general reserve for the Company, for current and performing medallion loans under 90 days past due, as an additional buffer against future losses, representing 3% of the total allowance, and 1.94% of the medallion loans under 90 days past due as of June 30, 2020. This figure excludes $17,351 of a general reserve on loans at the Bank, which was netted against loan balances at consolidation on April 2, 2018. Subsequent to April 2, 2018, the Bank recorded a general reserve benefit of $11,555. (3) As of June 30, 2020, there was no allowance for loan loss and net charge-offs related to the strategic partnership loans.
Summary of Allowance for Loan Losses by Type	The following tables set forth the allowance for loan losses by type as of June 30, 2020 and December 31, 2019. June 30, 2020 (Dollars in thousands) Amount Percentage of Allowance Allowance as a Percent of Loan Category Recreation $ 27,021 40 % 3.43 % Home improvement 4,072 6 1.44 Commercial — — — Medallion 35,884 54 29.84 Total $ 66,977 100 % 5.31 % December 31, 2019 (Dollars in thousands) Amount Percentage of Allowance Allowance as a Percent of Loan Category Recreation $ 18,075 39 % 2.53 % Home improvement 2,608 6 1.05 Commercial — — — Medallion 25,410 55 19.48 Total $ 46,093 100 % 3.97 %
Summary of Total Nonaccrual Loans and Foregone Interest	The following table presents total nonaccrual loans and foregone interest, substantially all of which is in the medallion portfolio. The fluctuation in nonaccrual interest foregone is due to past due loans and market conditions. (Dollars in thousands) June 30, 2020 December 31, 2019 June 30, 2019 Total nonaccrual loans $ 81,539 $ 26,484 $ 26,878 Interest foregone quarter to date 1,202 1,121 379 Amount of foregone interest applied to principal in the quarter 8 53 116 Interest foregone year to date 1,734 2,152 615 Amount of foregone interest applied to principal in the year 57 254 219 Interest foregone life to date 4,171 2,744 1,809 Amount of foregone interest applied to principal life to date 973 471 847 Percentage of nonaccrual loans to gross loan portfolio 6 % 2 % 2 %
Summary of Performance Status of Loan	The following tables present the performance status of loans as of June 30, 2020 and December 31, 2019. June 30, 2020 (Dollars in thousands) Performing Nonperforming Total Percentage of Nonperforming to Total Recreation $ 781,473 $ 5,312 $ 786,785 0.68 % Home improvement 281,935 137 282,072 0.05 Commercial 56,230 15,246 71,476 21.33 Medallion 59,023 61,230 120,253 50.92 Strategic partnership 8 — 8 — Total $ 1,178,669 $ 81,925 (1) $ 1,260,594 6.50 % December 31, 2019 (Dollars in thousands) Performing Nonperforming Total Percentage of Nonperforming to Total Recreation $ 705,070 $ 8,262 $ 713,332 1.16 % Home improvement 247,139 185 247,324 0.07 Commercial 57,905 11,862 69,767 17.00 Medallion 88,248 42,184 130,432 32.34 Total $ 1,098,362 $ 62,493 (1) $ 1,160,855 5.38 % (1) Includes $386 and $36,009 of TDRs as of June 30, 2020 and December 31, 2019, which are accruing and paying currently, but which are considered nonperforming loans under GAAP.
Summary of Attributes of Nonperforming Loan Portfolio	The following tables provide additional information on attributes of the nonperforming loan portfolio as of June 30, 2020 and 2019, and December 31, 2019, all of which had an allowance recorded against the principal balance. June 30, 2020 December 31, 2019 June 30, 2019 (Dollars in thousands) Recorded Investment Unpaid Principal Balance Related Allowance Recorded Investment Unpaid Principal Balance Related Allowance Recorded Investment Unpaid Principal Balance Related Allowance With an allowance recorded Recreation $ 5,312 $ 5,312 $ 243 $ 8,262 $ 8,262 $ 329 $ 5,755 $ 5,755 $ 211 Home improvement 137 137 2 185 185 3 165 165 3 Commercial 15,246 15,251 — 11,862 11,867 — 8,743 8,838 455 Medallion 61,230 61,555 35,838 42,184 42,650 14,824 12,215 12,967 19,383 Total nonperforming loans with an allowance $ 81,925 $ 82,255 $ 36,083 $ 62,493 $ 62,964 $ 15,156 $ 26,878 $ 27,725 $ 20,052 For the Three Months Ended June 30, 2020 For the Six Months Ended June 30, 2020 For the Three Months Ended June 30, 2019 For the Six Months Ended June 30, 2019 (Dollars in thousands) Average Investment Recorded Interest Income Recognized Average Investment Recorded Interest Income Recognized Average Investment Recorded Interest Income Recognized Average Investment Recorded Interest Income Recognized With an allowance recorded Recreation $ 5,544 $ 158 $ 5,653 $ 299 $ 5,777 $ 135 $ 5,951 $ 246 Home improvement 137 1 137 1 167 — 167 — Commercial 15,360 — 15,359 1 6,656 30 5,776 73 Medallion 54,418 203 63,731 605 15,932 20 15,557 27 Total nonperforming loans with an allowance $ 75,459 $ 362 $ 84,880 $ 906 $ 28,532 $ 185 $ 27,451 $ 346
Summary of Aging of Loans	The following tables show the aging of all loans as of June 30, 2020 and December 31, 2019. Days Past Due June 30, 2020 (Dollars in thousands) 30-59 60-89 90 + Total Current Total (1) Recorded Investment 90 Days and Accruing Recreation $ 12,749 $ 4,228 $ 3,365 $ 20,342 $ 741,061 $ 761,403 $ 45 Home improvement 461 225 137 823 284,632 285,455 — Commercial — 6 107 113 71,363 71,476 — Medallion (2) 16,134 5,406 11,967 33,507 82,838 116,345 — Strategic partnership — — — — 8 8 — Total $ 29,344 $ 9,865 $ 15,576 $ 54,785 $ 1,179,902 $ 1,234,687 $ 45 (1) Excludes loan premiums of $5,251 resulting from purchase price accounting and $20,656 of capitalized loan origination costs. (2) Included in the current medallion loan aging bucket were $80,403 of loans that had been granted deferral status under the CARES Act, some or all of which may have become delinquent had they not been granted the deferral status. Days Past Due December 31, 2019 (Dollars in thousands) 30-59 60-89 90 + Total Current Total (1) Recorded Investment 90 Days and Accruing Recreation $ 27,357 $ 8,426 $ 5,800 $ 41,583 $ 648,227 $ 689,810 $ — Home improvement 931 427 184 1,542 249,288 250,830 — Commercial — — 107 107 69,660 69,767 — Medallion 12,491 2,118 2,572 17,181 109,106 126,287 — Total $ 40,779 $ 10,971 $ 8,663 $ 60,413 $ 1,076,281 $ 1,136,694 $ — (1) Excludes loan premiums of $5,758 resulting from purchase price accounting and $18,403 of capitalized loan origination costs.
Summary of TDRs	The following table shows the TDRs which the Company entered into during the three and six months ended June 30, 2020. (Dollars in thousands) Number of Loans Pre- Modification Investment Post- Modification Investment Three months ended June 30, 2020 Recreation 21 $ 231 $ 185 Medallion 17 12,519 12,519 Six months ended June 30, 2020 Recreation 51 $ 633 $ 426 Medallion 30 13,641 13,641 The following table shows the TDRs which the Company entered into during the three and six months ended June 30, 2019. (Dollars in thousands) Number of Loans Pre- Modification Investment Post- Modification Investment Three months ended June 30, 2019 Medallion 3 $ 842 $ 842 Six months ended June 30, 2019 Medallion 10 $ 3,737 $ 3,737
Summary of Activities of the Loan Collateral Process of Foreclosure Related to Recreation and Medallion Loans	The following tables show the activity of the loan collateral in process of foreclosure, which relate only to the recreation and medallion loans, for the three and six months ended June 30, 2020 and 2019. Three Months Ended June 30, 2020 (Dollars in thousands) Recreation Medallion Total Loan collateral in process of foreclosure – March 31, 2020 $ 1,717 $ 45,100 $ 46,817 Transfer from loans, net 3,003 2,185 5,188 Sales (1,988 ) — (1,988 ) Cash payments received — (185 ) (185 ) Collateral valuation adjustments (1,474 ) (983 ) (2,457 ) Loan collateral in process of foreclosure – June 30, 2020 $ 1,258 $ 46,117 $ 47,375 Six Months Ended June 30, 2020 (Dollars in thousands) Recreation Medallion Total Loan collateral in process of foreclosure – December 31, 2019 $ 1,476 $ 51,235 $ 52,711 Transfer from loans, net 7,781 4,344 12,125 Sales (3,986 ) (300 ) (4,286 ) Cash payments received — (1,893 ) (1,893 ) Collateral valuation adjustments (4,013 ) (7,269 ) (11,282 ) Loan collateral in process of foreclosure – June 30, 2020 $ 1,258 $ 46,117 $ 47,375 Three Months Ended June 30, 2019 (Dollars in thousands) Recreation Medallion Total Loan collateral in process of foreclosure – March 31, 2019 $ 1,180 $ 48,628 $ 49,808 Transfer from loans, net 3,491 6,863 10,354 Sales (2,034 ) (175 ) (2,209 ) Cash payments received — (1,931 ) (1,931 ) Collateral valuation adjustments (1,682 ) (1,972 ) (3,654 ) Loan collateral in process of foreclosure – June 30, 2019 $ 955 $ 51,413 $ 52,368 Six Months Ended June 30, 2019 (Dollars in thousands) Recreation Medallion Total Loan collateral in process of foreclosure – December 31, 2018 $ 1,503 $ 47,992 $ 49,495 Transfer from loans, net 6,883 12,568 19,451 Sales (4,111 ) (551 ) (4,662 ) Cash payments received — (4,505 ) (4,505 ) Collateral valuation adjustments (3,320 ) (4,091 ) (7,411 ) Loan collateral in process of foreclosure – June 30, 2019 $ 955 $ 51,413 $ 52,368

Funds Borrowed (Tables)

Funds Borrowed (Tables)	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Schedule of Outstanding Balances of Funds Borrowed	The outstanding balances of funds borrowed were as follows: Payments Due for the Twelve Months Ending June 30, (Dollars in thousands) 2021 2022 2023 2024 2025 Thereafter June 30, 2020 (1) December 31, 2019 (1) Interest Rate (2) Deposits (3) $ 398,626 $ 321,492 $ 158,870 $ 125,643 $ 73,014 $ — $ 1,077,645 $ 954,245 2.00 % SBA debentures and borrowings 28,936 — 5,000 2,500 12,500 25,500 74,436 71,746 3.34 Retail and privately placed notes — 33,625 — 36,000 — — 69,625 69,625 8.61 Preferred securities — — — — — 33,000 33,000 33,000 2.44 Notes payable to banks 31,453 280 280 210 — — 32,223 33,183 3.63 Other borrowings 500 7,368 — — 747 — 8,615 7,794 1.91 Total $ 459,515 $ 362,765 $ 164,150 $ 164,353 $ 86,261 $ 58,500 $ 1,295,544 $ 1,169,593 2.48 % (1) Excludes deferred financing costs of $ and $ 5,105 as of June 30, 2020 and December 31, 2019. ( 2 ) Weighted average contractual rate as of June 30, 2020. (3) Balance excludes $250 of strategic partner reserve deposits as of June 30, 2020.
Summary of Maturity of Broker Pools, Excluding Strategic Partner Reserve Deposits	The following table presents the maturity of the broker pools, excluding strategic partner reserve deposits, as of June 30, 2020. (Dollars in thousands) June 30, 2020 Three months or less $ 166,258 Over three months through six months 74,000 Over six months through one year 158,368 Over one year 679,019 Total deposits $ 1,077,645
Summary of Key Attributes of Various Borrowing Arrangements with Lenders	The table below summarizes the key attributes of the Company’s various borrowing arrangements with these lenders as of June 30, 2020. Borrower (Dollars in thousands) # of Lenders/ Notes Note Dates Maturity Dates Type Note Amounts Balance Outstanding at June 30, 2020 Payment Average Interest Rate at June 30, 2020 Interest Rate Index (1) Medallion Financial Corp. 5/5 4/11 - 8/14 9/20 - 3/21 Term loans and demand notes secured by pledged loans (2) $ 20,416 (2) $ 20,416 Interest only (3) 3.68 % Various (3) Medallion Chicago 2/23 11/11 - 12/11 2/21 Term loans secured by owned Chicago medallions (4) 18,449 10,687 $134 of principal & interest paid monthly 3.50 % N/A Medallion Funding 1/1 11/18 12/23 1,400 1,120 $70 principal & interest paid quarterly 4.00 % N/A $ 40,265 $ 32,223 (1) At June 30, 2020, 30-day LIBOR was 0.16%, 360-day LIBOR was 0.55%, and the prime rate was 3.25%. (2) One note has an interest rate of Prime, one note has an interest rate of Prime plus 0.50%, one note has a fixed interest rate of 3.75%, one note has an interest rate of LIBOR plus 3.75%, and the other interest rates on these borrowings are LIBOR plus 2%. (3) Various agreements call for remittance of all principal received on pledged loans subject to minimum monthly payments ranging up to or from $12 to $85. (4) Guaranteed by the Company.

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2020
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 months ended June 30, 2020 and 2019. Three Months Ended June 30, Six Months Ended June 30, (Dollars in thousands) 2020 2019 2020 2019 Operating lease costs $ 596 $ 531 $ 1,192 $ 1,062 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases 632 537 1,324 1,124 Right-of-use asset obtained in exchange for lease liability (14 ) (14 ) (28 ) (30 )
Schedule of Breakout of Operating leases	The following table presents the breakout of the operating leases as of June 30, 2020 and December 31, 2019. (Dollars in thousands) June 30, 2020 December 31, 2019 Operating lease right-of-use assets $ 12,458 $ 13,482 Other current liabilities 2,117 2,085 Operating lease liabilities 11,655 12,738 Total operating lease liabilities 13,772 14,823 Weighted average remaining lease term 6.8 years 7.3 years Weighted average discount rate 5.55 % 5.54 %
Schedule of Maturities of the Lease Liabilities	At June 30, 2020, maturities of the lease liabilities were as follows: (Dollars in thousands) Remainder of 2020 $ 1,286 2021 2,473 2022 2,411 2023 2,356 2024 2,373 Thereafter 5,962 Total lease payments $ 16,861 Less imputed interest 3,089 Total operating lease liabilities $ 13,772

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Summary of Components of Deferred and Other Tax Assets and Liabilities	The following table sets forth the significant components of our deferred and other tax assets and liabilities as of June 30, 2020 and December 31, 2019. (Dollars in thousands) June 30, 2020 December 31, 2019 Goodwill and other intangibles $ (45,288 ) $ (45,595 ) Provision for loan losses 23,298 19,198 Net operating loss carryforwards (1) 22,736 22,607 Accrued expenses, compensation, and other assets 1,886 1,701 Unrealized gains on other investments (7,732 ) (6,790 ) Total deferred tax liability (5,100 ) (8,879 ) Valuation allowance (462 ) (462 ) Deferred tax liability, net (5,562 ) (9,341 ) Taxes receivable 977 1,516 Net deferred and other tax liabilities $ (4,585 ) $ (7,825 ) (1) As of June 30, 2020, the Company and its subsidiaries had an estimated $90,204 of net operating loss carryforwards, $1,712 of which expire at various dates between December 31, 2026 and December 31, 2035, which had a net carrying value of $22,274 as of June 30, 2020.
Schedule of Components of Tax Benefit	The components of our tax benefit for the three and six months ended June 30, 2020 and 2019 were as follows: Three Months Ended June 30, Six Months Ended June 30, (Dollars in thousands) 2020 2019 2020 2019 Current Federal $ — $ — $ — $ (869 ) State (137 ) (136 ) (223 ) (959 ) Deferred Federal 774 1,588 3,299 2,198 State 216 383 1,026 1,721 Net benefit for income taxes $ 853 $ 1,835 $ 4,102 $ 2,091
Summary of Reconciliation of Statutory Federal Income Tax (Benefit) Expense to Consolidated Actual Income Tax Benefit	The following table presents a reconciliation of statutory federal income tax (provision) benefit to consolidated actual income tax benefit for the three and six months ended June 30, 2020 and 2019. Three Months Ended June 30, Six Months Ended June 30, (Dollars in thousands) 2020 2019 2020 2019 Statutory Federal income tax benefit at 21% $ 655 $ 1,663 $ 4,067 $ 1,284 State and local income taxes, net of federal income tax benefit 122 194 760 87 Change in effective state income tax rate 196 — 149 686 Income attributable to non-controlling interest 50 — (166 ) — Non deductible expenses (198 ) — (789 ) — Other 28 (22 ) 81 34 Total income tax benefit $ 853 $ 1,835 $ 4,102 $ 2,091

Stock Options and Restricted _2

Stock Options and Restricted Stock (Tables)	6 Months Ended
	Jun. 30, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Summary of Assumption Categories Used to Determine Value of Option Grants	The following assumption categories are used to determine the value of any option grants. Six Months Ended June 30, 2020 2019 Risk free interest rate 1.46 % 2.39 % Expected dividend yield — 0.79 Expected life of option in years (1) 6.25 6.25 Expected volatility (2) 50.18 48.45 (1) Expected life is calculated using the simplified method. (2) We determine our expected volatility based on our historical volatility.
Summary of Activity for Stock Option Programs	The following table presents the activity for the stock option programs for the 2020 first and second quarters and the 2019 full year. Number of Options Exercise Price Per Share Weighted Average Exercise Price Outstanding at December 31, 2018 144,666 $ 2.14-13.84 $ 7.23 Granted 449,450 5.21-7.25 6.61 Cancelled (44,076 ) 6.55-13.84 9.00 Exercised (1) — — — Outstanding at December 31, 2019 550,040 2.14-13.53 6.58 Granted 335,773 6.68 6.68 Cancelled (14,585 ) 6.55-7.25 6.67 Exercised (1) — — — Outstanding at March 31, 2020 871,228 2.14-13.53 6.62 Granted — — — Cancelled (1,623 ) 6.55-7.25 6.90 Exercised (1) — — — Outstanding at June 30, 2020 869,605 $ 2.14-13.53 $ 6.62 Options exercisable at June 30, 2020 (2) 179,079 2.14-13.53 6.63 (1) The aggregate intrinsic value, 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 $0 for the three and six months ended June 30, 2020 and 2019. (2) The aggregate intrinsic value, which represents the difference between the price of the Company’s common stock at June 30, 2020 and the related exercise price of the underlying options, was $9,000 for outstanding options and $8,000 for exercisable options as of June 30, 2020. The remaining contractual life was 8.85 years for outstanding options and 7.49 years for exercisable options at June 30, 2020.
Summary of Activity for Restricted Stock Programs	The following table presents the activity for the restricted stock programs for the 2020 first and second quarters and the 2019 full year. Number of Shares Grant Price Per Share Weighted Average Exercise Price Outstanding at December 31, 2018 190,915 $ 2.14-5.27 $ 4.06 Granted 216,148 4.80-7.25 6.59 Cancelled (3,946 ) 3.93-6.55 4.97 Vested (1) (118,238 ) 2.06-4.80 3.89 Outstanding at December 31, 2019 284,879 3.95-7.25 6.01 Granted 165,674 6.68 6.68 Cancelled (5,577 ) 3.95-7.25 6.67 Vested (1) (81,337 ) 3.95-6.55 5.41 Outstanding at March 31, 2020 363,639 4.39-7.25 6.44 Granted — — — Cancelled (696 ) 6.55-7.25 6.97 Vested (1) — — — Outstanding at June 30, 2020 (2) 362,943 $ 4.39-7.25 $ 6.44 (1) The aggregate fair value of the restricted stock vested was $0 and $553,000 for the three and six months ended June 30, 2020, and was $113,000 and $736,000 for the three and six months ended June 30, 2019. (2) The aggregate fair value of the restricted stock was $962,000 as of June 30, 2020. The remaining vesting period was 2.45 years at June 30, 2020.
Summary of Activity for Unvested Options Outstanding	The following table presents the activity for the unvested options outstanding under the plans for the 2020 first and second quarters. Number of Options Exercise Price Per Share Weighted Average Exercise Price Outstanding at December 31, 2019 487,262 $ 2.14-7.25 $ 6.45 Granted 335,773 6.68 6.68 Cancelled (14,148 ) 6.55-7.25 6.68 Vested (104,939 ) 6.55 6.55 Outstanding at March 31, 2020 703,948 2.14-7.25 6.21 Granted — — — Cancelled (1,422 ) 6.55-7.25 6.95 Vested (12,000 ) 2.22-5.58 4.46 Outstanding at June 30, 2020 690,526 $ 2.14-7.25 $ 6.61

Segment Reporting (Tables)

Segment Reporting (Tables)	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
Schedule of Segment Data	The following tables present segment data as of and for the three and six months ended June 30, 2020 and 2019. Consumer Lending Corp. Three Months Ended June 30, 2020 (Dollars in thousands) Recreation Home Improvement Commercial Lending Medallion Lending RPAC and Other Investments Consolidated Total interest income $ 27,229 $ 6,326 $ 1,726 $ (7 ) $ — $ 314 $ 35,588 Total interest expense 3,226 1,236 617 988 40 2,728 8,835 Net interest income (loss) 24,003 5,090 1,109 (995 ) (40 ) (2,414 ) 26,753 Provision for loan losses 8,292 760 — 7,889 — — 16,941 Net interest income (loss) after loss provision 15,711 4,330 1,109 (8,884 ) (40 ) (2,414 ) 9,812 Sponsorship and race winnings — — — — 3,626 — 3,626 Race team related expenses — — — — (1,818 ) — (1,818 ) Other income (expense), net (6,497 ) (1,962 ) (584 ) (2,292 ) (1,378 ) (2,025 ) (14,738 ) Net income (loss) before taxes 9,214 2,368 525 (11,176 ) 390 (4,439 ) (3,118 ) Income tax benefit (provision) (2,356 ) (606 ) (131 ) 2,785 (97 ) 1,258 853 Net income (loss) $ 6,858 $ 1,762 $ 394 $ (8,391 ) $ 293 $ (3,181 ) $ (2,265 ) Balance Sheet Data Total loans, net $ 759,764 $ 278,000 $ 68,140 $ 84,369 $ — $ 3,344 $ 1,193,617 Total assets 775,151 288,501 86,831 190,657 30,542 280,061 1,651,743 Total funds borrowed 617,066 229,237 70,567 151,614 8,615 218,695 1,295,794 Selected Financial Ratios Return on average assets 3.68 % 2.58 % 1.86 % (17.19 )% 3.88 % (8.96 )% (0.98 )% Return on average equity 18.38 12.88 9.28 (85.96 ) (53.94 ) (38.05 ) (4.97 ) Interest yield 14.91 9.66 10.67 (0.03 ) N/A N/A 10.95 Net interest margin 13.15 7.77 6.86 (4.08 ) N/A N/A 8.23 Reserve coverage 3.43 1.44 0.00 (1) 29.84 N/A N/A 5.31 Delinquency status (2) 0.44 0.05 0.15 (1) 10.29 N/A N/A 1.26 Charge-off ratio 1.95 0.30 0.00 (3) 1.12 N/A N/A 1.39 (1) Ratio is based on total commercial lending balances, and relates solely to the legacy commercial loan business. (2) Loans 90 days or more past due. (3) Ratio is based on total commercial lending balances, and relates to the total loan business. Consumer Lending Corp. Six Months Ended June 30, 2020 (Dollars in thousands) Recreation Home Improvement Commercial Lending Medallion Lending RPAC and Other Investments Consolidated Total interest income $ 53,563 $ 12,213 $ 3,484 $ 995 $ — $ 875 $ 71,130 Total interest expense 6,792 2,523 1,274 2,837 80 4,329 17,835 Net interest income (loss) 46,771 9,690 2,210 (1,842 ) (80 ) (3,454 ) 53,295 Provision for loan losses 18,893 2,296 — 12,293 — — 33,482 Net interest income (loss) after loss provision 27,878 7,394 2,210 (14,135 ) (80 ) (3,454 ) 19,813 Sponsorship and race winnings — — — — 6,199 — 6,199 Race team related expenses — — — — (3,948 ) — (3,948 ) Other income (expense), net (13,869 ) (4,302 ) (1,479 ) (10,865 ) (3,223 ) (7,694 ) (41,432 ) Net income (loss) before taxes 14,009 3,092 731 (25,000 ) (1,052 ) (11,148 ) (19,368 ) Income tax benefit (provision) (3,582 ) (791 ) (182 ) 6,230 262 2,165 4,102 Net income (loss) $ 10,427 $ 2,301 $ 549 $ (18,770 ) $ (790 ) $ (8,983 ) $ (15,266 ) Balance Sheet Data Total loans, net $ 759,764 $ 278,000 $ 68,140 $ 84,369 $ — $ 3,344 $ 1,193,617 Total assets 775,151 288,501 86,831 190,657 30,542 280,061 1,651,743 Total funds borrowed 617,066 229,237 70,567 151,614 8,615 218,695 1,295,794 Selected Financial Ratios Return on average assets 2.85 % 1.72 % 1.30 % (18.56 )% (5.17 )% (7.14 )% (2.23 )% Return on average equity 14.25 8.62 6.48 (92.14 ) 81.74 (26.03 ) (10.82 ) Interest yield 14.98 9.58 10.97 2.04 N/A N/A 11.31 Net interest margin 13.08 7.58 6.96 (3.78 ) N/A N/A 8.48 Reserve coverage 3.43 1.44 0.00 (1) 29.84 N/A N/A 5.31 Delinquency status (2) 0.44 0.05 0.15 (1) 10.29 N/A N/A 1.26 Charge-off ratio 2.78 0.65 0.00 (3) 3.73 N/A N/A 2.21 (1) Ratio is based on total commercial lending balances, and relates solely to the legacy commercial loan business (2) Loans 90 days or more past due. (3) Ratio is based on total commercial lending balances, and relates to the total loan business. Consumer Lending Corp. Three Months Ended June 30, 2019 (Dollars in thousands) Recreation Home Improvement Commercial Lending Medallion Lending RPAC and Other Investments Consolidated Total interest income $ 24,370 $ 4,678 $ 1,641 $ 666 $ — $ 660 $ 32,015 Total interest expense 3,189 1,037 666 1,591 36 2,302 8,821 Net interest income (loss) 21,181 3,641 975 (925 ) (36 ) (1,642 ) 23,194 Provision for loan losses 6,176 813 — 8,182 — — 15,171 Net interest income (loss) after loss provision 15,005 2,828 975 (9,107 ) (36 ) (1,642 ) 8,023 Sponsorship and race winning — — — — 4,889 — 4,889 Race team related expenses — — — — (2,550 ) — (2,550 ) Other income (expense), net (5,938 ) (1,719 ) (780 ) (6,558 ) (1,717 ) (2,128 ) (18,840 ) Net income (loss) before taxes 9,067 1,109 195 (15,665 ) 586 (3,770 ) (8,478 ) Income tax benefit (provision) (2,349 ) (288 ) (48 ) 3,779 (141 ) 882 1,835 Net income (loss) $ 6,718 $ 821 $ 147 $ (11,886 ) $ 445 $ (2,888 ) $ (6,643 ) Balance Sheet Data as of June 30, 2019 Total loans, net $ 655,868 $ 206,636 $ 60,395 $ 121,314 $ — $ 3,592 $ 1,047,805 Total assets 667,600 217,757 86,725 235,948 33,526 240,397 1,481,953 Total funds borrowed 531,708 173,226 68,654 187,575 7,713 186,460 1,155,336 Selected Financial Ratios as of June 30, 2019 Return on average assets 4.21 % 1.94 % 0.66 % (19.43 )% 5.54 % (4.82 )% (2.06 )% Return on average equity 16.16 7.88 3.31 (97.16 ) (47.72 ) (20.68 ) (10.34 ) Interest yield 15.53 9.46 11.02 1.99 N/A N/A 11.67 Net interest margin 13.50 7.36 6.55 (2.77 ) N/A N/A 8.46 Reserve coverage 1.90 1.39 0.71 (1) 16.88 N/A N/A 3.74 Delinquency status (2) 0.56 0.08 1.13 (1) 2.66 N/A N/A 0.78 Charge-off ratio 1.55 0.17 0.00 (3) 26.47 N/A N/A 4.46 (1) Ratio is based on total commercial lending balances, and relates solely to the legacy commercial loan business. (2) Loans 90 days or more past due. (3) Ratio is based on total commercial lending balances, and relates to the total loan business. Consumer Lending Corp. Six Months Ended June 30, 2019 (Dollars in thousands) Recreation Home Improvement Commercial Lending Medallion Lending RPAC and Other Investments Consolidated Total interest income $ 46,849 $ 9,003 $ 3,517 $ 1,507 $ — $ 1,182 $ 62,058 Total interest expense 5,963 1,943 1,367 3,500 72 3,698 16,543 Net interest income (loss) 40,886 7,060 2,150 (1,993 ) (72 ) (2,516 ) 45,515 Provision for loan losses 13,181 1,362 — 13,516 — 455 28,514 Net interest income (loss) after loss provision 27,705 5,698 2,150 (15,509 ) (72 ) (2,971 ) 17,001 Sponsorship and race winning — — — — 8,068 — 8,068 Race team related expenses — — — — (4,548 ) — (4,548 ) Other income (expense), net (11,320 ) (3,356 ) (1,095 ) (5,344 ) (3,514 ) (3,231 ) (27,860 ) Net income (loss) before taxes 16,385 2,342 1,055 (20,853 ) (66 ) (6,202 ) (7,339 ) Income tax benefit (provision) (4,244 ) (607 ) (254 ) 5,030 16 2,150 2,091 Net income (loss) $ 12,141 $ 1,735 $ 801 $ (15,823 ) $ (50 ) $ (4,052 ) $ (5,248 ) Balance Sheet Data as of June 30, 2019 Total loans, net $ 655,868 $ 206,636 $ 60,395 $ 121,314 $ — $ 3,592 $ 1,047,805 Total assets 667,600 217,757 86,725 235,948 33,526 240,397 1,481,953 Total funds borrowed 531,708 173,226 68,654 187,575 7,713 186,460 1,155,336 Balance Sheet Data as of December 31, 2019 Total loans, net $ 695,257 $ 244,716 $ 66,405 $ 105,022 $ — $ 3,362 $ 1,114,762 Total assets 707,377 252,704 84,924 217,483 31,538 247,641 1,541,667 Total funds borrowed 563,805 201,605 68,666 176,825 7,794 150,898 1,169,593 Selected Financial Ratios as of June 30, 2019 Return on average assets 3.93 % 1.98 % 1.81 % (12.53 )% (0.32 )% (3.16 )% (0.89 )% Return on average equity 16.26 8.65 9.03 (62.63 ) (3.13 ) (12.54 ) (4.36 ) Interest yield 15.49 9.44 11.85 2.17 N/A N/A 11.58 Net interest margin 13.52 7.40 7.24 (2.87 ) N/A N/A 8.49 Reserve coverage 1.90 1.39 0.71 (1) 16.88 N/A N/A 3.74 Delinquency status (2) 0.56 0.08 1.13 (1) 2.66 N/A N/A 0.78 Charge-off ratio 2.43 0.26 0.00 (3) 23.94 N/A N/A 4.88 (1) Ratio is based on total commercial lending balances, and relates solely to the legacy commercial loan business. (2) Loans 90 days or more past due. (3) Ratio is based on total commercial lending balances, and relates to the total loan business.

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2020
Investments All Other Investments [Abstract]
Summary of Carrying Values and Fair Values of Financial Instruments	The fair value of the debentures payable to the SBA is estimated based on current market interest rates for similar debt. June 30, 2020 December 31, 2019 (Dollars in thousands) Carrying Amount Fair Value Carrying Amount Fair Value Financial assets Cash, cash equivalents and federal funds sold (1) $ 103,884 $ 103,884 $ 67,821 $ 67,821 Equity investments 10,389 10,389 10,079 10,079 Investment securities 47,495 47,495 48,998 48,998 Loans receivable 1,193,617 1,193,617 1,114,762 1,114,762 Accrued interest receivable (2) 10,643 10,643 8,662 8,662 Financial liabilities Funds borrowed (3) 1,295,794 1,295,727 1,169,593 1,171,274 Accrued interest payable (2) 4,497 4,497 4,398 4,398 (1) Categorized as level 1 within the fair value hierarchy. See Note 13. (2) Categorized as level 3 within the fair value hierarchy. See Note 13. (3) As of June 30, 2020 and December 31, 2019, publicly traded retail notes traded at a discount to par of $67 and a premium to par of $1,681, respectively.

Fair Value of Assets and liab_2

Fair Value of Assets and liabilities (Tables)	6 Months Ended
	Jun. 30, 2020
Fair Value Disclosures [Abstract]
Summary of Assets and Liabilities Measured at Fair Value on a Recurring Basis	Equity investments were recorded at cost less impairment plus or minus observable price changes. Commencing with the quarter ended March 31, 2020, the Company elected to measure equity investments at fair value on a non-recurring basis, which have been adjusted for all periods presented. The following table presents the Company’s fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of June 30, 2020 and December 31, 2019. June 30, 2020 (Dollars in thousands) Level 1 Level 2 Level 3 Total Assets Interest-bearing deposits $ — $ 2,567 $ — $ 2,567 Available for sale investment securities (1) — 47,495 — 47,495 Total $ — $ 50,062 $ — $ 50,062 (1) Total unrealized gain of $1,128, net of tax, was included in accumulated other comprehensive income (loss) for the six months ended June 30, 2020 related to these assets. December 31, 2019 (Dollars in thousands) Level 1 Level 2 Level 3 Total Assets Available for sale investment securities (1) $ — $ 48,998 $ — $ 48,998 Total $ — $ 48,998 $ — $ 48,998 (1) Total unrealized gains of $1,081, net of tax, was included in accumulated other comprehensive income (loss) for the year ended December 31, 2019 related to these assets.
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 June 30, 2020 and December 31, 2019. June 30, 2020 (Dollars in thousands) Level 1 Level 2 Level 3 Total Assets Equity investments $ — $ — $ 10,389 $ 10,389 Impaired loans — — 81,925 81,925 Loan collateral in process of foreclosure — — 47,375 47,375 Total $ — $ — $ 139,689 $ 139,689 December 31, 2019 (Dollars in thousands) Level 1 Level 2 Level 3 Total Assets Equity investments $ — $ — $ 10,079 $ 10,079 Impaired loans — — 34,915 34,915 Loan collateral in process of foreclosure — — 52,711 52,711 Total $ — $ — $ 97,705 $ 97,705
Summary of Valuation Techniques and Significant Unobservable Inputs Used in Recurring and Non-Recurring Level 3 Fair Value Measurements of Assets and Liabilities	The valuation techniques and significant unobservable inputs used in recurring and non-recurring level 3 fair value measurements of assets and liabilities as of June 30, 2020 and December 31, 2019 (Dollars in thousands) Fair Value at 6/30/20 Valuation Techniques Unobservable Inputs Range (Weighted Average) Equity investments $ 8,934 Investee financial analysis Financial condition and operating performance of the borrower (1) N/A Collateral support N/A 1,455 Precedent market transaction Offering price $8.73 / share Impaired loans 44,557 Market approach Historical and actual loss experience 1.50% - 6.00% 60% of balance Median transfer price (2) $4.0 - 149.5 Collateral value N/A 37,368 Discounted cash flow Discount rate 12.78 % Terminal value $ 119.5 Terms 0-41 months Monthly payments $0.6- 5.0 Loan collateral in process of foreclosure 47,375 Market approach Collateral value (3) N/A Median transfer price (2) $4.0 - 149.5 (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 portfolio. (Dollars in thousands) Fair Value at 12/31/19 Valuation Techniques Unobservable Inputs Range (Weighted Average) Equity investments $ 7,435 Investee financial analysis Financial condition and operating performance of the borrower N/A Collateral support N/A 1,189 Investee book value adjusted for market appreciation Financial condition and operating performance of the borrower N/A Public company comparables Business enterprise value $4,855 - 6,120 Business enterprise value/revenue multiples 1.59 - 5.98x Discount for lack of marketability 25 % 1,455 Precedent market transaction Offering price $8.73 / share

Organization of Medallion Fin_2

Organization of Medallion Financial Corp. and its Subsidiaries - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2020USD ($)Medallion	Dec. 31, 2019USD ($)	Jun. 30, 2019USD ($)
Subsidiary or Equity Method Investee [Line Items]
Purchase price for City of Chicago taxi medallions out of foreclosure	$ 8,689,000
Number of medallions purchased out of foreclosure | Medallion	159
Net realizable value of medallions	$ 3,091,000	$ 3,091,000	$ 3,091,000
Medallion Financing Trust I [Member]
Subsidiary or Equity Method Investee [Line Items]
Aggregate assets of trust	$ 36,083,000

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($)	Apr. 02, 2018	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019	Aug. 31, 2019	Mar. 31, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Interest-bearing funds deposited in other banks		$ 2,500,000			$ 2,500,000
Non-marketable securities		10,389,000			10,389,000		$ 10,079,000
Investment securities Amortized to interest income		79,000		$ 13,000	134,000	$ 25,000
Net loan origination costs					20,076,000		17,839,000
Net amortization to income		1,587,000		1,238,000	2,891,000	2,389,000
Premiums in loan portfolio		54,785,000			$ 54,785,000		60,413,000
Percentage of write down of loan balance					40.00%
Loans pledged as collateral		23,303,000			$ 23,303,000		28,833,000
Principal portion of loans serviced, fair value		108,195,000			108,195,000		113,581,000
Bank's reserves against future losses	$ 17,351,000
General reserve benefit					$ 11,555,000
Increase in general reserve balance as result of COVID-19		6,768,000
Intangible assets useful life					20 years
Goodwill		150,803,000		150,803,000	$ 150,803,000	150,803,000	150,803,000
Intangible assets, net		51,814,000		53,259,000	51,814,000	53,259,000	52,536,000
Amortization of intangible assets		361,000		362,000	722,000	723,000
Financing receivable, recorded investment, 90 days past due and still accruing		45,000			45,000		0
Depreciation and amortization		139,000		105,000	261,000	205,000
Amortization expense		586,000		597,000	1,308,000	1,118,000
Deferred costs		4,709,000		5,584,000	$ 4,709,000	$ 5,584,000	$ 5,105,000
Potential dilutive common shares excluded from EPS computation					851,272	498,714
Stock based compensation award					335,773	375,481
Stock based compensation award, Amount		$ 520,000		$ 340,000	$ 987,000	$ 505,000
Stock based compensation award per diluted common share		$ 0.02		$ 0.01	$ 0.04	$ 0.02
Unrecognized compensation cost related to unvested stock options and restricted stock		$ 2,845,000			$ 2,845,000
Unrecognized compensation cost related to unvested stock options and restricted stock, recognition period					45 months
Tier 1 leverage capital ratio		16.96%			16.96%
Capital conversation buffer					2.50%		2.50%
Restricted Shares [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Stock based compensation award			165,674		165,674	167,849	216,148
Restricted Stock Units [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Stock based compensation award					0	0	26,040
Medallion Bank [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reserves against future losses					$ 2,025,000
Amortization of intangible assets							$ 0
Additional impairment of goodwill					0
RPAC [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Premiums in loan portfolio	$ 12,387,000
Financing receivable, recorded investment, 90 days past due and still accruing		$ 5,251,000		$ 6,875,000	5,251,000	$ 6,875,000	5,758,000
Loan portfolio premium amortized to interest income		179,000		$ 1,081,000	508,000	$ 2,173,000
Additional impairment of intangible assets					0
91+ [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Premiums in loan portfolio		15,576,000			15,576,000		8,663,000
91+ [Member] | Loans [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Premiums in loan portfolio		$ 15,576,000			$ 15,576,000		$ 8,663,000
Total loans more than 90 days past due ,percentage		1.26%			1.26%		0.76%
91+ [Member] | Loans [Member] | CARES Act [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Premiums in loan portfolio		$ 115,216,000			$ 115,216,000
Total loans more than 90 days past due ,percentage		9.30%			9.30%
Bank Holding Company Accounting [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net premium on investment securities					$ 271,000		$ 248,000
Private Placement [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Interest reserve								$ 2,970,000	$ 2,970,000
Minimum [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Interest bearing loan term					4 years
Estimated useful life of fixed assets					3 years
Tier 1 leverage capital to total assets ratio		15.00%			15.00%
Maximum [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Interest bearing loan term					7 years
Estimated useful life of fixed assets					10 years

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Schedule of Intangible Assets (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019
Investments In Loans [Line Items]
Intangibles assets	$ 51,814	$ 52,536	$ 53,259
Intellectual Property [Member]
Investments In Loans [Line Items]
Intangibles assets	19,525	20,075
Contractor Relationships [Member]
Investments In Loans [Line Items]
Intangibles assets	6,124	6,296
Race Organization [Member]
Investments In Loans [Line Items]
Intangibles assets	$ 26,165	$ 26,165

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Summary of the Calculation of Basic and Diluted EPS (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Accounting Policies [Abstract]
Net loss resulting from operations available to common stockholders	$ (3,977)	$ (7,500)	$ (17,620)	$ (6,272)
Weighted average common shares outstanding applicable to basic EPS	24,444,677	24,359,280	24,423,225	24,323,967
Adjusted weighted average common shares outstanding applicable to diluted EPS	24,444,677	24,359,280	24,423,225	24,323,967
Basic loss per share	$ (0.16)	$ (0.31)	$ (0.72)	$ (0.26)
Diluted loss per share	$ (0.16)	$ (0.31)	$ (0.72)	$ (0.26)

Summary of Significant Accoun_7

Summary of Significant Accounting Policies - Summary of Bank's Actual Capital Amounts and Ratios, and the Regulatory Minimum Ratios (Detail) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2020USD ($)	Dec. 31, 2019USD ($)
Accounting Policies [Abstract]
Regulatory, Minimum, Common equity tier 1 capital	$ 0
Regulatory, Minimum, Tier 1 capital	0
Regulatory, Minimum, Total capital	0
Regulatory, Minimum, Average assets	0
Regulatory, Minimum, Risk-weighted assets	$ 0
Regulatory, Minimum, Leverage ratio	4
Regulatory, Minimum, Common equity tier 1 capital ratio	7.00%
Regulatory, Minimum, Tier 1 capital ratio	8.5
Regulatory, Minimum, Total capital ratio	10.5
Regulatory, Well-Capitalized, Common equity tier 1 capital	$ 0
Regulatory, Well-Capitalized, Tier 1 capital	0
Regulatory, Well-Capitalized, Total capital	0
Regulatory, Well-Capitalized, Average assets	0
Regulatory, Well-Capitalized, Risk-weighted assets	$ 0
Regulatory, Well-Capitalized, Leverage ratio	5
Regulatory, Well-Capitalized, Common equity tier 1 capital ratio	6.50%
Regulatory, Well-Capitalized, Tier 1 capital ratio	8
Regulatory, Well-Capitalized, Total capital ratio	10
Common equity Tier 1 capital	$ 153,401	$ 158,187
Tier 1 capital	222,189	226,975
Total capital	238,617	241,842
Average assets	1,310,103	1,172,866
Risk-weighted assets	$ 1,252,122	$ 1,144,337
Leverage ratio	17	19.4
Common equity Tier 1 capital ratio	12.3	13.8
Tier 1 capital ratio	17.7	19.8
Total capital ratio	19.1	21.1

Investment Securities - Summary

Investment Securities - Summary of Fixed Maturity Securities Available for Sale (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 45,611	$ 48,614
Gross Unrealized Gains	1,887	597
Gross Unrealized Losses	(3)	(213)
Fair Value	47,495	48,998
Mortgage-backed Securities, Principally Obligations of US Federal Agencies [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	35,310	36,335
Gross Unrealized Gains	1,645	411
Gross Unrealized Losses	(3)	(112)
Fair Value	36,952	36,634
State and Municipalities [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	10,301	12,279
Gross Unrealized Gains	242	186
Gross Unrealized Losses		(101)
Fair Value	$ 10,543	$ 12,364

Investment Securities - Summa_2

Investment Securities - Summary of Amortized Cost and Estimated Market Value of Investment Securities by Contractual Maturity (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Available-for-sale Securities, Debt Maturities [Abstract]
Amortized Cost, due in one year or less	$ 25
Amortized Cost, due after one year through five years	11,769
Amortized Cost, due after five years through ten years	12,089
Amortized Cost, due after ten years	21,728
Amortized Cost	45,611	$ 48,614
Market Value, due in one year or less	25
Market Value, due after one year through five years	12,250
Market Value, due after five years through ten years	12,877
Market Value, due after ten years	22,343
Market Value, total	$ 47,495	$ 48,998

Investment Securities - Summa_3

Investment Securities - Summary of Securities with Gross Unrealized Losses (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Debt Securities, Available-for-sale [Line Items]
Gross Unrealized Losses, Less than Twelve Months	$ (3)	$ (91)
Fair Value, Less than Twelve Months	1,820	10,390
Gross Unrealized Losses, Twelve Months and Over		(122)
Fair Value, Twelve Months and Over	274	7,678
Mortgage-backed Securities, Principally Obligations of US Federal Agencies [Member]
Debt Securities, Available-for-sale [Line Items]
Gross Unrealized Losses, Less than Twelve Months	(3)	(74)
Fair Value, Less than Twelve Months	1,820	8,291
Gross Unrealized Losses, Twelve Months and Over		(38)
Fair Value, Twelve Months and Over		4,939
State and Municipalities [Member]
Debt Securities, Available-for-sale [Line Items]
Gross Unrealized Losses, Less than Twelve Months		(17)
Fair Value, Less than Twelve Months		2,099
Gross Unrealized Losses, Twelve Months and Over		(84)
Fair Value, Twelve Months and Over	$ 274	$ 2,739

Loans and Allowance for Loan _3

Loans and Allowance for Loan Losses - Summary of Inclusive Capitalized Loans (Detail) - USD ($)		6 Months Ended		12 Months Ended
		Jun. 30, 2020		Dec. 31, 2019		Mar. 31, 2020	Jun. 30, 2019		Mar. 31, 2019	Dec. 31, 2018
Student Loan Portfolio By Program [Line Items]
Total gross loans		$ 1,234,687,000	[1]	$ 1,136,694,000	[2]
Allowance for loan losses		(66,977,000)	[3],[4]	(46,093,000)		$ (54,057,000)	$ (40,670,000)	[3],[4]	$ (36,862,000)	$ (36,395,000)
Net loans receivable		1,193,617,000		1,114,762,000			1,047,805,000
Bank Holding Company Accounting [Member]
Student Loan Portfolio By Program [Line Items]
Total gross loans		1,260,594,000		1,160,855,000		1,183,779,000	1,088,475,000		1,024,200,000	1,017,882,000
Allowance for loan losses		(66,977,000)		(46,093,000)
Net loans receivable		$ 1,193,617,000		$ 1,114,762,000
Percentage of total gross loans		100.00%		100.00%
Recreation [Member]
Student Loan Portfolio By Program [Line Items]
Total gross loans		$ 761,403,000	[1]	$ 689,810,000	[2]
Allowance for loan losses		(27,021,000)		(18,075,000)
Recreation [Member] | Bank Holding Company Accounting [Member]
Student Loan Portfolio By Program [Line Items]
Total gross loans		$ 786,785,000		$ 713,332,000		735,175,000	668,540,000		609,999,000	587,038,000
Percentage of total gross loans		62.00%		62.00%
Home Improvement [Member]
Student Loan Portfolio By Program [Line Items]
Total gross loans		$ 285,455,000	[1]	$ 250,830,000	[2]
Allowance for loan losses		(4,072,000)		(2,608,000)
Home Improvement [Member] | Bank Holding Company Accounting [Member]
Student Loan Portfolio By Program [Line Items]
Total gross loans		$ 282,072,000		$ 247,324,000		255,899,000	209,549,000		193,275,000	183,155,000
Percentage of total gross loans		22.00%		21.00%
Commercial [Member] | Bank Holding Company Accounting [Member]
Student Loan Portfolio By Program [Line Items]
Total gross loans		$ 71,476,000		$ 69,767,000		68,257,000	64,442,000		55,211,000	64,083,000
Percentage of total gross loans		6.00%		6.00%
Medallion [Member]
Student Loan Portfolio By Program [Line Items]
Total gross loans		$ 116,345,000	[1],[5]	$ 126,287,000	[2]
Allowance for loan losses		(35,884,000)		(25,410,000)
Medallion [Member] | Bank Holding Company Accounting [Member]
Student Loan Portfolio By Program [Line Items]
Total gross loans		$ 120,253,000		$ 130,432,000		$ 124,448,000	145,944,000		$ 165,715,000	$ 183,606,000
Percentage of total gross loans		10.00%		11.00%
Strategic Partnership [Member]
Student Loan Portfolio By Program [Line Items]
Total gross loans	[1]	$ 8,000
Allowance for loan losses		0					$ 0
Strategic Partnership [Member] | Bank Holding Company Accounting [Member]
Student Loan Portfolio By Program [Line Items]
Total gross loans		$ 8,000
[1]	Excludes loan premiums of $5,251 resulting from purchase price accounting and $20,656 of capitalized loan origination costs.
[2]	Excludes loan premiums of $5,758 resulting from purchase price accounting and $18,403 of capitalized loan origination costs.
[3]	As of June 30, 2020, there was no allowance for loan loss and net charge-offs related to the strategic partnership loans.
[4]	Includes $2,025 of a general reserve for the Company, for current and performing medallion loans under 90 days past due, as an additional buffer against future losses, representing 3% of the total allowance, and 1.94% of the medallion loans under 90 days past due as of June 30, 2020. This figure excludes $17,351 of a general reserve on loans at the Bank, which was netted against loan balances at consolidation on April 2, 2018. Subsequent to April 2, 2018, the Bank recorded a general reserve benefit of $11,555.
[5]	Included in the current medallion loan aging bucket were $80,403 of loans that had been granted deferral status under the CARES Act, some or all of which may have become delinquent had they not been granted the deferral status.

Loans and Allowance for Loan _4

Loans and Allowance for Loan Losses - Schedule of Activity of Gross Loans (Detail) - USD ($)		3 Months Ended		6 Months Ended
		Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Schedule Of Gross Real Estate And Loan Activity [Line Items]
Gross loans, beginning balance	[1]			$ 1,136,694,000
Charge-offs, net	[2]	$ (4,021,000)	$ (11,363,000)	(12,598,000)	$ (24,239,000)
Transfer to loan collateral in process of foreclosure, net		(5,188,000)	(10,354,000)	(12,125,000)	(19,451,000)
Amortization of origination costs				(2,891,000)	(2,389,000)
Paid-in-kind interest				634,000	425,000
Gross loans, ending balance	[3]	1,234,687,000		1,234,687,000
Recreation [Member]
Schedule Of Gross Real Estate And Loan Activity [Line Items]
Gross loans, beginning balance	[1]			689,810,000
Transfer to loan collateral in process of foreclosure, net		(3,003,000)	(3,491,000)	(7,781,000)	(6,883,000)
Gross loans, ending balance	[3]	761,403,000		761,403,000
Home Improvement [Member]
Schedule Of Gross Real Estate And Loan Activity [Line Items]
Gross loans, beginning balance	[1]			250,830,000
Gross loans, ending balance	[3]	285,455,000		285,455,000
Medallion [Member]
Schedule Of Gross Real Estate And Loan Activity [Line Items]
Gross loans, beginning balance	[1]			126,287,000
Transfer to loan collateral in process of foreclosure, net		(2,185,000)	(6,863,000)	(4,344,000)	(12,568,000)
Gross loans, ending balance	[3],[4]	116,345,000		116,345,000
Strategic Partnership [Member]
Schedule Of Gross Real Estate And Loan Activity [Line Items]
Charge-offs, net		0	0	0	0
Gross loans, ending balance	[3]	8,000		8,000
Bank Holding Company Accounting [Member]
Schedule Of Gross Real Estate And Loan Activity [Line Items]
Gross loans, beginning balance		1,183,779,000	1,024,200,000	1,160,855,000	1,017,882,000
Loan originations		154,072,000	145,498,000	259,356,000	236,277,000
Principal payments, sales and maturities		(69,917,000)	(60,313,000)	(137,286,000)	(122,616,000)
Charge-offs, net		(4,021,000)	(11,363,000)	(12,598,000)	(24,239,000)
Transfer to loan collateral in process of foreclosure, net		(5,188,000)	(10,354,000)	(12,125,000)	(19,451,000)
Amortization of origination costs		(1,587,000)	(1,238,000)	(2,891,000)	(2,389,000)
Amortization of loan premium		(179,000)	(1,081,000)	(508,000)	(2,173,000)
FASB origination costs		3,294,000	2,938,000	5,157,000	4,759,000
Paid-in-kind interest		341,000	188,000	634,000	425,000
Gross loans, ending balance		1,260,594,000	1,088,475,000	1,260,594,000	1,088,475,000
Bank Holding Company Accounting [Member] | Recreation [Member]
Schedule Of Gross Real Estate And Loan Activity [Line Items]
Gross loans, beginning balance		735,175,000	609,999,000	713,332,000	587,038,000
Loan originations		106,206,000	102,695,000	175,850,000	166,327,000
Principal payments, sales and maturities		(49,457,000)	(40,088,000)	(86,529,000)	(73,140,000)
Charge-offs, net		(3,565,000)	(2,433,000)	(9,946,000)	(7,363,000)
Transfer to loan collateral in process of foreclosure, net		(3,003,000)	(3,491,000)	(7,781,000)	(6,883,000)
Amortization of origination costs		(2,031,000)	(1,582,000)	(3,760,000)	(3,020,000)
Amortization of loan premium		(51,000)	(67,000)	(103,000)	(136,000)
FASB origination costs		3,511,000	3,507,000	5,722,000	5,717,000
Gross loans, ending balance		786,785,000	668,540,000	786,785,000	668,540,000
Bank Holding Company Accounting [Member] | Home Improvement [Member]
Schedule Of Gross Real Estate And Loan Activity [Line Items]
Gross loans, beginning balance		255,899,000	193,275,000	247,324,000	183,155,000
Loan originations		44,713,000	33,533,000	78,178,000	60,180,000
Principal payments, sales and maturities		(18,496,000)	(16,837,000)	(42,720,000)	(33,072,000)
Charge-offs, net		(196,000)	(86,000)	(832,000)	(245,000)
Amortization of origination costs		455,000	347,000	896,000	693,000
Amortization of loan premium		(82,000)	(111,000)	(168,000)	(220,000)
FASB origination costs		(221,000)	(572,000)	(606,000)	(942,000)
Gross loans, ending balance		282,072,000	209,549,000	282,072,000	209,549,000
Bank Holding Company Accounting [Member] | Commercial [Member]
Schedule Of Gross Real Estate And Loan Activity [Line Items]
Gross loans, beginning balance		68,257,000	55,211,000	69,767,000	64,083,000
Loan originations		3,000,000	9,270,000	5,175,000	9,770,000
Principal payments, sales and maturities		(132,000)	(226,000)	(4,112,000)	(9,805,000)
Amortization of origination costs		2,000	1,000	4,000	30,000
FASB origination costs		8,000	(2,000)	8,000	(61,000)
Paid-in-kind interest		341,000	188,000	634,000	425,000
Gross loans, ending balance		71,476,000	64,442,000	71,476,000	64,442,000
Bank Holding Company Accounting [Member] | Medallion [Member]
Schedule Of Gross Real Estate And Loan Activity [Line Items]
Gross loans, beginning balance		124,448,000	165,715,000	130,432,000	183,606,000
Principal payments, sales and maturities		(1,687,000)	(3,162,000)	(3,780,000)	(6,599,000)
Charge-offs, net		(260,000)	(8,844,000)	(1,820,000)	(16,631,000)
Transfer to loan collateral in process of foreclosure, net		(2,185,000)	(6,863,000)	(4,344,000)	(12,568,000)
Amortization of origination costs		(13,000)	(4,000)	(31,000)	(92,000)
Amortization of loan premium		(46,000)	(903,000)	(237,000)	(1,817,000)
FASB origination costs		(4,000)	5,000	33,000	45,000
Gross loans, ending balance		120,253,000	$ 145,944,000	120,253,000	$ 145,944,000
Bank Holding Company Accounting [Member] | Strategic Partnership [Member]
Schedule Of Gross Real Estate And Loan Activity [Line Items]
Loan originations		153,000		153,000
Principal payments, sales and maturities		(145,000)		(145,000)
Gross loans, ending balance		$ 8,000		$ 8,000
[1]	Excludes loan premiums of $5,758 resulting from purchase price accounting and $18,403 of capitalized loan origination costs.
[2]	As of June 30, 2020 , cumulative net charge-offs of loans and loan collateral in process of foreclosure in the medallion loan portfolio were $ , representing collection opportunities for the Company.
[3]	Excludes loan premiums of $5,251 resulting from purchase price accounting and $20,656 of capitalized loan origination costs.
[4]	Included in the current medallion loan aging bucket were $80,403 of loans that had been granted deferral status under the CARES Act, some or all of which may have become delinquent had they not been granted the deferral status.

Loans and Allowance for Loan _5

Loans and Allowance for Loan Losses - Summary of Activity in Allowance for Loan Losses (Detail) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses - beginning balance		$ 54,057	$ 36,862	$ 46,093	$ 36,395
Total charge-offs		(8,027)	(14,176)	(19,205)	(30,038)
Total recoveries		4,006	2,813	6,607	5,799
Net charge-offs	[1]	(4,021)	(11,363)	(12,598)	(24,239)
Provision for loan losses		16,941	15,171	33,482	28,514
Allowance for loan losses - ending balance	[2],[3]	66,977	40,670	66,977	40,670
Recreation [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses - beginning balance				18,075
Total charge-offs		(5,708)	(4,395)	(13,951)	(10,921)
Total recoveries		2,143	1,962	4,005	3,558
Allowance for loan losses - ending balance		27,021		27,021
Home Improvement [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses - beginning balance				2,608
Total charge-offs		(548)	(539)	(1,558)	(1,088)
Total recoveries		352	453	726	843
Allowance for loan losses - ending balance		4,072		4,072
Medallion [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses - beginning balance				25,410
Total charge-offs		(1,771)	(9,242)	(3,696)	(18,029)
Total recoveries		1,511	$ 398	1,876	$ 1,398
Allowance for loan losses - ending balance		$ 35,884		$ 35,884
[1]	As of June 30, 2020 , cumulative net charge-offs of loans and loan collateral in process of foreclosure in the medallion loan portfolio were $ , representing collection opportunities for the Company.
[2]	As of June 30, 2020, there was no allowance for loan loss and net charge-offs related to the strategic partnership loans.
[3]	Includes $2,025 of a general reserve for the Company, for current and performing medallion loans under 90 days past due, as an additional buffer against future losses, representing 3% of the total allowance, and 1.94% of the medallion loans under 90 days past due as of June 30, 2020. This figure excludes $17,351 of a general reserve on loans at the Bank, which was netted against loan balances at consolidation on April 2, 2018. Subsequent to April 2, 2018, the Bank recorded a general reserve benefit of $11,555.

Loans and Allowance for Loan _6

Loans and Allowance for Loan Losses - Summary of Activity in Allowance for Loan Losses (Parenthetical) (Detail) - USD ($)		Apr. 02, 2018	Jun. 30, 2020		Jun. 30, 2019		Jun. 30, 2020		Jun. 30, 2019		Mar. 31, 2020	Dec. 31, 2019		Mar. 31, 2019	Dec. 31, 2018
Financing Receivable, Allowance for Credit Losses [Line Items]
Cumulative charges of loans and loan collateral process of foreclosure			$ 47,375,000	[1]	$ 52,368,000		$ 47,375,000	[1]	$ 52,368,000		$ 46,817,000	$ 52,711,000	[1]	$ 49,808,000	$ 49,495,000
Percentage of Allowance			100.00%				100.00%					100.00%
Bank reserves against future losses		$ 17,351,000
General reserve benefit		$ 11,555,000
Allowance for loan losses			$ 66,977,000	[2],[3]	40,670,000	[2],[3]	$ 66,977,000	[2],[3]	40,670,000	[2],[3]	$ 54,057,000	$ 46,093,000		$ 36,862,000	$ 36,395,000
Net charge-offs	[4]		4,021,000		11,363,000		12,598,000		24,239,000
Strategic Partnership [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses			0		0		0		0
Net charge-offs			0		$ 0		0		$ 0
Medallion Bank [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Cumulative charges of loans and loan collateral process of foreclosure			$ 245,058,000				245,058,000
Reserves against future losses							$ 2,025,000
Percentage of Allowance			3.00%				3.00%
Percentage of total gross loans							1.94%
Financing Receivables, 90 Days Past Due [Member] | Medallion Bank [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Reserves against future losses							$ 2,025,000
[1]	Includes financed sales of this collateral to third parties that are reported separately from the loan portfolio, and that are conducted by the Bank of $9,265 as of June 30, 2020 and $8,163 as of December 31, 2019.
[2]	As of June 30, 2020, there was no allowance for loan loss and net charge-offs related to the strategic partnership loans.
[3]	Includes $2,025 of a general reserve for the Company, for current and performing medallion loans under 90 days past due, as an additional buffer against future losses, representing 3% of the total allowance, and 1.94% of the medallion loans under 90 days past due as of June 30, 2020. This figure excludes $17,351 of a general reserve on loans at the Bank, which was netted against loan balances at consolidation on April 2, 2018. Subsequent to April 2, 2018, the Bank recorded a general reserve benefit of $11,555.
[4]	As of June 30, 2020 , cumulative net charge-offs of loans and loan collateral in process of foreclosure in the medallion loan portfolio were $ , representing collection opportunities for the Company.

Loans and Allowance for Loan _7

Loans and Allowance for Loan Losses - Summary of Allowance for Loan Losses by Type (Detail) - USD ($) $ in Thousands	Jun. 30, 2020		Mar. 31, 2020	Dec. 31, 2019	Jun. 30, 2019	[1],[2]	Mar. 31, 2019	Dec. 31, 2018
Financing Receivable, Recorded Investment, Past Due [Line Items]
Amount	$ 66,977	[1],[2]	$ 54,057	$ 46,093	$ 40,670		$ 36,862	$ 36,395
Percentage of Allowance	100.00%			100.00%
Allowance as a Percent of Loan Category	5.31%			3.97%
Recreation [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Amount	$ 27,021			$ 18,075
Percentage of Allowance	40.00%			39.00%
Allowance as a Percent of Loan Category	3.43%			2.53%
Home Improvement [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Amount	$ 4,072			$ 2,608
Percentage of Allowance	6.00%			6.00%
Allowance as a Percent of Loan Category	1.44%			1.05%
Medallion [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Amount	$ 35,884			$ 25,410
Percentage of Allowance	54.00%			55.00%
Allowance as a Percent of Loan Category	29.84%			19.48%
[1]	As of June 30, 2020, there was no allowance for loan loss and net charge-offs related to the strategic partnership loans.
[2]	Includes $2,025 of a general reserve for the Company, for current and performing medallion loans under 90 days past due, as an additional buffer against future losses, representing 3% of the total allowance, and 1.94% of the medallion loans under 90 days past due as of June 30, 2020. This figure excludes $17,351 of a general reserve on loans at the Bank, which was netted against loan balances at consolidation on April 2, 2018. Subsequent to April 2, 2018, the Bank recorded a general reserve benefit of $11,555.

Loans and Allowance for Loan _8

Loans and Allowance for Loan Losses - Summary of Non Accrual Loan (Detail) - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Receivables [Abstract]
Total nonaccrual loans	$ 81,539	$ 26,878	$ 26,484
Interest foregone quarter to date	1,202	379	1,121
Amount of foregone interest applied to principal in the quarter	8	116	53
Interest foregone year to date	1,734	615	2,152
Amount of foregone interest applied to principal in the year	57	219	254
Interest foregone life to date	4,171	1,809	2,744
Amount of foregone interest applied to principal life to date	$ 973	$ 847	$ 471
Percentage of nonaccrual loans to gross loan portfolio	6.00%	2.00%	2.00%

Loans and Allowance for Loan _9

Loans and Allowance for Loan Losses - Summary of Performance Status of Loan (Detail) - USD ($) $ in Thousands		6 Months Ended	12 Months Ended
		Jun. 30, 2020	Dec. 31, 2019
Financing Receivable, Recorded Investment [Line Items]
Status of loans		$ 1,260,594	$ 1,160,855
Percentage of Nonperforming to Total		6.50%	5.38%
Performing [Member]
Financing Receivable, Recorded Investment [Line Items]
Status of loans		$ 1,178,669	$ 1,098,362
Non - Performing [Member]
Financing Receivable, Recorded Investment [Line Items]
Status of loans	[1]	81,925	62,493
Recreation [Member]
Financing Receivable, Recorded Investment [Line Items]
Status of loans		$ 786,785	$ 713,332
Percentage of Nonperforming to Total		0.68%	1.16%
Recreation [Member] | Performing [Member]
Financing Receivable, Recorded Investment [Line Items]
Status of loans		$ 781,473	$ 705,070
Recreation [Member] | Non - Performing [Member]
Financing Receivable, Recorded Investment [Line Items]
Status of loans		5,312	8,262
Home Improvement [Member]
Financing Receivable, Recorded Investment [Line Items]
Status of loans		$ 282,072	$ 247,324
Percentage of Nonperforming to Total		0.05%	0.07%
Home Improvement [Member] | Performing [Member]
Financing Receivable, Recorded Investment [Line Items]
Status of loans		$ 281,935	$ 247,139
Home Improvement [Member] | Non - Performing [Member]
Financing Receivable, Recorded Investment [Line Items]
Status of loans		137	185
Commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Status of loans		$ 71,476	$ 69,767
Percentage of Nonperforming to Total		21.33%	17.00%
Commercial [Member] | Performing [Member]
Financing Receivable, Recorded Investment [Line Items]
Status of loans		$ 56,230	$ 57,905
Commercial [Member] | Non - Performing [Member]
Financing Receivable, Recorded Investment [Line Items]
Status of loans		15,246	11,862
Medallion [Member]
Financing Receivable, Recorded Investment [Line Items]
Status of loans		$ 120,253	$ 130,432
Percentage of Nonperforming to Total		50.92%	32.34%
Medallion [Member] | Performing [Member]
Financing Receivable, Recorded Investment [Line Items]
Status of loans		$ 59,023	$ 88,248
Medallion [Member] | Non - Performing [Member]
Financing Receivable, Recorded Investment [Line Items]
Status of loans		61,230	$ 42,184
Strategic Partnership [Member]
Financing Receivable, Recorded Investment [Line Items]
Status of loans		8
Strategic Partnership [Member] | Performing [Member]
Financing Receivable, Recorded Investment [Line Items]
Status of loans		$ 8
[1]	Includes $386 and $36,009 of TDRs as of June 30, 2020 and December 31, 2019, which are accruing and paying currently, but which are considered nonperforming loans under GAAP.

Loans and Allowance for Loan_10

Loans and Allowance for Loan Losses - Summary of Performance Status of Loan (Parenthetical) (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Non - Performing [Member]
Financing Receivable, Recorded Investment [Line Items]
TDR loans	$ 386	$ 36,009

Loans and Allowance for Loan_11

Loans and Allowance for Loan Losses - Summary of Nonperforming Loan Portfolio (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Financing Receivable, Recorded Investment [Line Items]
Recorded Investment, With related allowance	$ 81,925	$ 26,878	$ 81,925	$ 26,878	$ 62,493
Unpaid principal balance, With related allowance	82,255	27,725	82,255	27,725	62,964
Related allowance, With related allowance	36,083	20,052	36,083	20,052	15,156
Average investment recorded, With related allowance	75,459	28,532	84,880	27,451
Interest income recognized, With related allowance	362	185	906	346
Recreation [Member]
Financing Receivable, Recorded Investment [Line Items]
Recorded Investment, With related allowance	5,312	5,755	5,312	5,755	8,262
Unpaid principal balance, With related allowance	5,312	5,755	5,312	5,755	8,262
Related allowance, With related allowance	243	211	243	211	329
Average investment recorded, With related allowance	5,544	5,777	5,653	5,951
Interest income recognized, With related allowance	158	135	299	246
Home Improvement [Member]
Financing Receivable, Recorded Investment [Line Items]
Recorded Investment, With related allowance	137	165	137	165	185
Unpaid principal balance, With related allowance	137	165	137	165	185
Related allowance, With related allowance	2	3	2	3	3
Average investment recorded, With related allowance	137	167	137	167
Interest income recognized, With related allowance	1		1
Commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Recorded Investment, With related allowance	15,246	8,743	15,246	8,743	11,862
Unpaid principal balance, With related allowance	15,251	8,838	15,251	8,838	11,867
Related allowance, With related allowance		455		455
Average investment recorded, With related allowance	15,360	6,656	15,359	5,776
Interest income recognized, With related allowance		30	1	73
Medallion [Member]
Financing Receivable, Recorded Investment [Line Items]
Recorded Investment, With related allowance	61,230	12,215	61,230	12,215	42,184
Unpaid principal balance, With related allowance	61,555	12,967	61,555	12,967	42,650
Related allowance, With related allowance	35,838	19,383	35,838	19,383	$ 14,824
Average investment recorded, With related allowance	54,418	15,932	63,731	15,557
Interest income recognized, With related allowance	$ 203	$ 20	$ 605	$ 27

Loans and Allowance for Loan_12

Loans and Allowance for Loan Losses - Summary of Aging of Loans (Detail) - USD ($) $ in Thousands		Jun. 30, 2020		Dec. 31, 2019
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due		$ 54,785		$ 60,413
Current		1,179,902		1,076,281
Total		1,234,687	[1]	1,136,694	[2]
Accruing		45		0
30-59 [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due		29,344		40,779
60-89 [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due		9,865		10,971
91+ [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due		15,576		8,663
Recreation [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due		20,342		41,583
Current		741,061		648,227
Total		761,403	[1]	689,810	[2]
Accruing		45		0
Recreation [Member] | 30-59 [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due		12,749		27,357
Recreation [Member] | 60-89 [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due		4,228		8,426
Recreation [Member] | 91+ [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due		3,365		5,800
Home Improvement [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due		823		1,542
Current		284,632		249,288
Total		285,455	[1]	250,830	[2]
Accruing		0		0
Home Improvement [Member] | 30-59 [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due		461		931
Home Improvement [Member] | 60-89 [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due		225		427
Home Improvement [Member] | 91+ [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due		137		184
Commercial Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due		113		107
Current		71,363		69,660
Total		71,476	[1]	69,767	[2]
Accruing		0		0
Commercial Loans [Member] | 30-59 [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due		0
Commercial Loans [Member] | 60-89 [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due		6
Commercial Loans [Member] | 91+ [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due		107		107
Medallion [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due		33,507	[3]	17,181
Current		82,838	[3]	109,106
Total		116,345	[1],[3]	126,287	[2]
Accruing		0	[3]	0
Medallion [Member] | 30-59 [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due		16,134	[3]	12,491
Medallion [Member] | 60-89 [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due		5,406	[3]	2,118
Medallion [Member] | 91+ [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due		11,967	[3]	$ 2,572
Strategic Partnership [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due		0
Current		8
Total	[1]	8
Accruing		0
Strategic Partnership [Member] | 30-59 [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due		0
Strategic Partnership [Member] | 60-89 [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due		0
Strategic Partnership [Member] | 91+ [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due		$ 0
[1]	Excludes loan premiums of $5,251 resulting from purchase price accounting and $20,656 of capitalized loan origination costs.
[2]	Excludes loan premiums of $5,758 resulting from purchase price accounting and $18,403 of capitalized loan origination costs.
[3]	Included in the current medallion loan aging bucket were $80,403 of loans that had been granted deferral status under the CARES Act, some or all of which may have become delinquent had they not been granted the deferral status.

Loans and Allowance for Loan_13

Loans and Allowance for Loan Losses - Summary of Aging of Loans (Parenthetical) (Detail) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loan premiums	$ 5,251	$ 5,758
Capitalized loan origination costs	20,656	$ 18,403
Medallion [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans granted deferred status under CARES Act	$ 80,403

Loans and Allowance for Loan_14

Loans and Allowance for Loan Losses - Additional Information (Detail)	3 Months Ended				6 Months Ended				12 Months Ended
	Jun. 30, 2020USD ($)TDR		Jun. 30, 2019USD ($)TDR		Jun. 30, 2020USD ($)TDR		Jun. 30, 2019USD ($)TDR		Jun. 30, 2020USD ($)TDR		Mar. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Mar. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Financing Receivable, Recorded Investment, Past Due [Line Items]
Weighted average loan-to-value ratio	254.00%		210.00%		254.00%		210.00%		254.00%			190.00%
Allowance for loan loss	$ 66,977,000	[1],[2]	$ 40,670,000	[1],[2]	$ 66,977,000	[1],[2]	$ 40,670,000	[1],[2]	$ 66,977,000	[1],[2]	$ 54,057,000	$ 46,093,000	$ 36,862,000	$ 36,395,000
Medallion [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Number of loans modified as TDRs defaulted | TDR	17		3		30		10
Allowance for loan loss	$ 35,884,000				$ 35,884,000				35,884,000			25,410,000
Recreation [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Number of loans modified as TDRs defaulted | TDR	21				51
Allowance for loan loss	$ 27,021,000				$ 27,021,000				$ 27,021,000			$ 18,075,000
Troubled Debt Restructuring Defaulted [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Number of loans modified as TDRs defaulted | TDR							5
TDR investment value			$ 1,530,000				$ 1,530,000
Allowance for loan loss			$ 912,000				$ 912,000
Troubled Debt Restructuring Defaulted [Member] | Medallion [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Number of loans modified as TDRs defaulted | TDR									20
TDR investment value	11,419,000				11,419,000				$ 11,419,000
Allowance for loan loss	6,680,000				$ 6,680,000				6,680,000
Troubled Debt Restructuring Defaulted [Member] | Recreation [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Number of loans modified as TDRs defaulted | TDR					88
TDR investment value	802,000				$ 802,000				802,000
Allowance for loan loss	$ 37,000				$ 37,000				$ 37,000
[1]	As of June 30, 2020, there was no allowance for loan loss and net charge-offs related to the strategic partnership loans.
[2]	Includes $2,025 of a general reserve for the Company, for current and performing medallion loans under 90 days past due, as an additional buffer against future losses, representing 3% of the total allowance, and 1.94% of the medallion loans under 90 days past due as of June 30, 2020. This figure excludes $17,351 of a general reserve on loans at the Bank, which was netted against loan balances at consolidation on April 2, 2018. Subsequent to April 2, 2018, the Bank recorded a general reserve benefit of $11,555.

Loans and Allowance for Loan_15

Loans and Allowance for Loan Losses - Summary of TDRs (Detail) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020USD ($)TDR	Jun. 30, 2019USD ($)TDR	Jun. 30, 2020USD ($)TDR	Jun. 30, 2019USD ($)TDR
Recreation [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Number of Loans | TDR	21		51
Pre- Modification Investment	$ 231		$ 633
Post- Modification Investment	$ 185		$ 426
Medallion [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Number of Loans | TDR	17	3	30	10
Pre- Modification Investment	$ 12,519	$ 842	$ 13,641	$ 3,737
Post- Modification Investment	$ 12,519	$ 842	$ 13,641	$ 3,737

Loans and Allowance for Loan_16

Loans and Allowance for Loan 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			6 Months Ended
	Jun. 30, 2020		Jun. 30, 2019	Jun. 30, 2020		Jun. 30, 2019
Loans and Leases Receivable Disclosure [Line Items]
Loans collateral in process of foreclosure - beginning balance	$ 46,817		$ 49,808	$ 52,711	[1]	$ 49,495
Transfer from loans, net	5,188		10,354	12,125		19,451
Sales	(1,988)		(2,209)	(4,286)		(4,662)
Cash payments received	(185)		(1,931)	(1,893)		(4,505)
Collateral valuation adjustments	(2,457)		(3,654)	(11,282)		(7,411)
Loans collateral in process of foreclosure - ending balance	47,375	[1]	52,368	47,375	[1]	52,368
Recreation [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans collateral in process of foreclosure - beginning balance	1,717		1,180	1,476		1,503
Transfer from loans, net	3,003		3,491	7,781		6,883
Sales	(1,988)		(2,034)	(3,986)		(4,111)
Collateral valuation adjustments	(1,474)		(1,682)	(4,013)		(3,320)
Loans collateral in process of foreclosure - ending balance	1,258		955	1,258		955
Medallion [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans collateral in process of foreclosure - beginning balance	45,100		48,628	51,235		47,992
Transfer from loans, net	2,185		6,863	4,344		12,568
Sales			(175)	(300)		(551)
Cash payments received	(185)		(1,931)	(1,893)		(4,505)
Collateral valuation adjustments	(983)		(1,972)	(7,269)		(4,091)
Loans collateral in process of foreclosure - ending balance	$ 46,117		$ 51,413	$ 46,117		$ 51,413
[1]	Includes financed sales of this collateral to third parties that are reported separately from the loan portfolio, and that are conducted by the Bank of $9,265 as of June 30, 2020 and $8,163 as of December 31, 2019.

Funds Borrowed - Schedule of Ou

Funds Borrowed - Schedule of Outstanding Balances of Funds Borrowed (Detail) - USD ($) $ in Thousands		Jun. 30, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
2021		$ 459,515
2022		362,765
2023		164,150
2024		164,353
2025		86,261
Thereafter		58,500
Long term debt	[1]	$ 1,295,544
Funds borrowed	[1]		$ 1,169,593
Interest Rate	[2]	2.48%
Deposits [Member]
Debt Instrument [Line Items]
2021	[3]	$ 398,626
2022	[3]	321,492
2023	[3]	158,870
2024	[3]	125,643
2025	[3]	73,014
Long term debt	[1],[3]	$ 1,077,645
Funds borrowed	[1],[3]		954,245
Interest Rate	[2],[3]	2.00%
Small Business Administration Debentures and Borrowings [Member]
Debt Instrument [Line Items]
2021		$ 28,936
2023		5,000
2024		2,500
2025		12,500
Thereafter		25,500
Long term debt	[1]	$ 74,436
Funds borrowed	[1]		71,746
Interest Rate	[2]	3.34%
Retail and Privately Placed Notes [Member]
Debt Instrument [Line Items]
2022		$ 33,625
2024		36,000
Long term debt	[1]	$ 69,625
Funds borrowed	[1]		69,625
Interest Rate	[2]	8.61%
Preferred Securities [Member]
Debt Instrument [Line Items]
Thereafter		$ 33,000
Long term debt	[1]	$ 33,000
Funds borrowed	[1]		33,000
Interest Rate	[2]	2.44%
Other Borrowings [Member]
Debt Instrument [Line Items]
2021		$ 500
2022		7,368
2025		747
Long term debt	[1]	$ 8,615
Funds borrowed	[1]		7,794
Interest Rate	[2]	1.91%
Notes Payable to Banks [Member]
Debt Instrument [Line Items]
2021		$ 31,453
2022		280
2023		280
2024		210
Long term debt	[1]	$ 32,223
Funds borrowed	[1]		$ 33,183
Interest Rate	[2]	3.63%
[1]	Excludes deferred financing costs of $ and $ 5,105 as of June 30, 2020 and December 31, 2019.
[2]	Weighted average contractual rate as of June 30, 2020.
[3]	Balance excludes $250 of strategic partner reserve deposits as of June 30, 2020.

Funds Borrowed - Schedule of _2

Funds Borrowed - Schedule of Outstanding Balances of Funds Borrowed (Parenthetical) (Detail) - USD ($)	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019
Debt Disclosure [Abstract]
Deferred costs	$ 4,709,000	$ 5,105,000	$ 5,584,000
Reserve Deposits	$ 250,000

Funds Borrowed - Additional Inf

Funds Borrowed - Additional Information (Detail)

Jul. 06, 2019USD ($)

Dec. 31, 2007USD ($)

Jun. 30, 2007USD ($)shares

Mar. 31, 2019USD ($)

Nov. 30, 2018USD ($)

Apr. 30, 2016USD ($)

Mar. 31, 2019USD ($)

Jun. 30, 2020USD ($)Depositshares

Jun. 30, 2019USD ($)

Dec. 31, 2019USD ($)shares

Aug. 31, 2019USD ($)

Dec. 31, 2017USD ($)

Debt Instrument [Line Items]

Number of individual with time deposits greater than $100,000 | Deposit

0

Repayments of credit facilities

$ 10,819,000

Waiver of loan from lender

$ 2,150,000

Waiver Expiry Date

Dec. 15, 2020

Pay off one of the notes payable discount rate

50.00%

Gain on debt extinguishment

$ 4,145,000

$ 4,145,000

Issue of common stock | shares

27,767,619

27,597,802

Short term promissory note

$ 60,889,000

$ 38,223,000

CARES Act [Member]

Debt Instrument [Line Items]

Loan amount

$ 747,000

Annual interest rate

1.00%

Maturity term

5 years

Richard Petty [Member]

Debt Instrument [Line Items]

Maturity date

Mar. 31, 2022

Loan amount

$ 7,368,000

Annual interest rate

2.00%

Travis Burt [Member]

Debt Instrument [Line Items]

Maturity date

Dec. 31, 2020

Short term promissory note

$ 500,000

Preferred Securities [Member]

Debt Instrument [Line Items]

Sale of preferred securities

$ 35,000,000

Issue of common stock | shares

1,083

Maturity date

Sep. 30, 2037

Preferred securities outstanding

$ 33,000,000

Preferred Securities [Member] | 90 day LIBOR [Member]

Debt Instrument [Line Items]

Basis spread on variable rate

0.30%

Preferred Securities [Member] | LIBOR Rate [Member]

Debt Instrument [Line Items]

Basis spread on variable rate

2.13%

Unsecured Debt [Member] | Preferred Securities [Member]

Debt Instrument [Line Items]

Aggregate principal amount of unsecured junior subordinated notes

$ 36,083,000

Third Party Investors [Member] | Preferred Securities [Member]

Debt Instrument [Line Items]

Preferred securities repurchased from a third party investor

$ 2,000,000

Retail and Privately Placed Notes [Member]

Debt Instrument [Line Items]

Debt instrument interest rate Percentage

8.25%

9.00%

8.25%

Aggregate principal amount

$ 30,000,000

$ 33,625,000

$ 30,000,000

$ 6,000,000

Maturity date

2024

2021

Gain loss on sales of loans net

$ 4,145,000

Net proceeds from offering

$ 31,786,000

Dz Bank [Member]

Debt Instrument [Line Items]

Debt instrument interest rate Percentage

4.00%

Debt instrument face amount

$ 1,400,000

Debt instrument expiration date

2023-12

Small Business Administration Debentures and Borrowings [Member]

Debt Instrument [Line Items]

Loan commitment term

4 years 6 months

Commitment fee percentage

1.00%

Principal amount of loan

$ 34,024,756

Debt instrument interest rate Percentage

3.25%

Extended maturity date

Sep. 1, 2020

Debt instrument commitments amount fully utilized

$ 175,485,000

Debt instrument commitments available

0

Debt instrument outstanding amount

74,436,000

Debt instrument remaining amount

20,436,000

FSVC's [Member]

Debt Instrument [Line Items]

Principal amount of loan

$ 33,485,000

Minimum [Member]

Debt Instrument [Line Items]

Time deposits

250,000

Minimum [Member] | Paid on or Before February 1, 2018 [Member] | Small Business Administration Debentures and Borrowings [Member]

Debt Instrument [Line Items]

Debt instrument minimum annual payment

5,000,000

Minimum [Member] | Paid on or Before February 1, 2019 [Member] | Small Business Administration Debentures and Borrowings [Member]

Debt Instrument [Line Items]

Debt instrument minimum annual payment

$ 7,600,000

Brokerage [Member] | Maximum [Member]

Debt Instrument [Line Items]

Average brokerage fee percentage in relation to the maturity of deposits

0.15%

Funds Borrowed - Summary of Mat

Funds Borrowed - Summary of Maturity of Broker Pools, Excluding Strategic Partner Reserve Deposits (Detail) $ in Thousands	Jun. 30, 2020USD ($)
Debt Disclosure [Abstract]
Three months or less	$ 166,258
Over three months through six months	74,000
Over six months through one year	158,368
Over one year	679,019
Total deposits	$ 1,077,645

Funds Borrowed - Summary of Key

Funds Borrowed - Summary of Key Attributes of Various Borrowing Arrangements with Lenders (Detail) $ in Thousands	6 Months Ended
	Jun. 30, 2020USD ($)
Notes Payable [Line Items]
Average Interest Rate	2.48%	[1]
Notes Payable to Banks [Member]
Notes Payable [Line Items]
Note Amounts	$ 40,265
Balance outstanding	$ 32,223
Average Interest Rate	3.63%	[1]
Notes Payable to Banks [Member] | Medallion Financial Corp [Member]
Notes Payable [Line Items]
Note Dates	Apr. 30, 2011
Note Dates	Aug. 31, 2014
Maturity Dates	Sep. 30, 2020
Maturity Dates	Mar. 31, 2021
Type	Term loans and demand notes secured by pledged loans	[2]
Note Amounts	$ 20,416	[2]
Balance outstanding	$ 20,416
Payment	Interest only	[3]
Average Interest Rate	3.68%
Notes Payable to Banks [Member] | Medallion Chicago [Member]
Notes Payable [Line Items]
Note Dates	Nov. 30, 2011
Note Dates	Dec. 31, 2011
Maturity Dates	Feb. 28, 2021
Type	Term loans secured by owned Chicago medallions	[4]
Note Amounts	$ 18,449
Balance outstanding	$ 10,687
Payment	$134 of principal & interest paid monthly
Average Interest Rate	3.50%
Notes Payable to Banks [Member] | Medallion Funding [Member]
Notes Payable [Line Items]
Note Dates	Nov. 30, 2018
Maturity Dates	Dec. 31, 2023
Note Amounts	$ 1,400
Balance outstanding	$ 1,120
Payment	$70 principal & interest paid quarterly
Average Interest Rate	4.00%
[1]	Weighted average contractual rate as of June 30, 2020.
[2]	One note has an interest rate of Prime, one note has an interest rate of Prime plus 0.50%, one note has a fixed interest rate of 3.75%, one note has an interest rate of LIBOR plus 3.75%, and the other interest rates on these borrowings are LIBOR plus 2%.
[3]	Various agreements call for remittance of all principal received on pledged loans subject to minimum monthly payments ranging up to or from $12 to $85.
[4]	Guaranteed by the Company.

Funds Borrowed - Summary of K_2

Funds Borrowed - Summary of Key Attributes of Various Borrowing Arrangements with Lenders (Parenthetical) (Detail)	6 Months Ended
	Jun. 30, 2020USD ($)
Minimum [Member]
Notes Payable [Line Items]
Minimum monthly payments of pledged loan	$ 12,000
Maximum [Member]
Notes Payable [Line Items]
Minimum monthly payments of pledged loan	$ 85,000
Medallion Financial Corp [Member] | Notes Payable to Banks [Member]
Notes Payable [Line Items]
Description of variable rate basis	30-day LIBOR was 0.16%, 360-day LIBOR was 0.55%,
Medallion Financial Corp [Member] | 30 Day LIBOR [Member] | Notes Payable to Banks [Member]
Notes Payable [Line Items]
Debt Instrument interest rate, stated percentage	0.16%
Medallion Financial Corp [Member] | 360 Day LIBOR [Member] | Notes Payable to Banks [Member]
Notes Payable [Line Items]
Debt Instrument interest rate, stated percentage	0.55%
Medallion Financial Corp [Member] | Prime Rate [Member] | Notes Payable to Banks [Member]
Notes Payable [Line Items]
Debt Instrument interest rate, stated percentage	3.25%
Medallion Chicago [Member] | Notes Payable to Banks [Member]
Notes Payable [Line Items]
Description of variable rate basis	One note has an interest rate of Prime, one note has an interest rate of Prime plus 0.50%, one note has a fixed interest rate of 3.75%, one note has an interest rate of LIBOR plus 3.75%, and the other interest rates on these borrowings are LIBOR plus 2%.
Debt Instrument interest rate, stated percentage	3.75%
Medallion Chicago [Member] | Prime Rate Plus [Member] | Notes Payable to Banks [Member]
Notes Payable [Line Items]
Basis spread on variable rate	0.50%
Medallion Chicago [Member] | Fixed Interest Rate [Member] | Notes Payable to Banks [Member]
Notes Payable [Line Items]
Basis spread on variable rate	3.75%
Medallion Chicago [Member] | LIBOR Rate [Member] | Notes Payable to Banks [Member]
Notes Payable [Line Items]
Basis spread on variable rate	2.00%

Leases - Schedule of Operating

Leases - Schedule of Operating Lease Costs and Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Leases [Abstract]
Operating lease costs	$ 596	$ 531	$ 1,192	$ 1,062
Operating cash flows from operating leases	632	537	1,324	1,124
Right-of-use asset obtained in exchange for lease liability	$ (14)	$ (14)	$ (28)	$ (30)

Leases - Schedule of Breakout o

Leases - Schedule of Breakout of Operating leases (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Leases [Abstract]
Operating lease right-of-use assets	$ 12,458	$ 13,482
Other current liabilities	2,117	2,085
Operating lease liabilities	11,655	12,738
Total operating lease liabilities	$ 13,772	$ 14,823
Weighted average remaining lease term	6 years 9 months 18 days	7 years 3 months 18 days
Weighted average discount rate	5.55%	5.54%

Leases - Schedule of Maturities

Leases - Schedule of Maturities of the Lease Liabilities (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Leases [Abstract]
Remainder of 2020	$ 1,286
2021	2,473
2022	2,411
2023	2,356
2024	2,373
Thereafter	5,962
Total lease payments	16,861
Less imputed interest	3,089
Total operating lease liabilities	$ 13,772	$ 14,823

Income Taxes - Summary of Compo

Income Taxes - Summary of Components of Deferred and Other Tax Assets and Liabilities (Detail) - USD ($) $ in Thousands		6 Months Ended	12 Months Ended
		Jun. 30, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Goodwill and other intangibles		$ (45,288)	$ (45,595)
Provision for loan losses		23,298	19,198
Net operating loss carryforwards	[1]	22,736	22,607
Accrued expenses, compensation, and other assets		1,886	1,701
Unrealized gains on other investments		(7,732)	(6,790)
Total deferred tax liability		(5,100)	(8,879)
Valuation allowance		(462)	(462)
Deferred tax liability, net		(5,562)	(9,341)
Taxes receivable		977	1,516
Net deferred and other tax liabilities		$ (4,585)	$ (7,825)
[1]	As of June 30, 2020, the Company and its subsidiaries had an estimated $90,204 of net operating loss carryforwards, $1,712 of which expire at various dates between December 31, 2026 and December 31, 2035, which had a net carrying value of $22,274 as of June 30, 2020.

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 Thousands	6 Months Ended
	Jun. 30, 2020USD ($)
Income Tax Rate Reconciliation [Line Items]
Net operating loss carryforwards	$ 90,204
Net operating loss carryforwards expiration period	expire at various dates between December 31, 2026 and December 31, 2035
Net operating loss carryforwards	$ 22,274
December 31, 2026 To December 31, 2035 [Member]
Income Tax Rate Reconciliation [Line Items]
Net operating loss carryforwards	$ 1,712

Income Taxes - Summary of Com_3

Income Taxes - Summary of Components of Tax Benefit (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Current
Federal				$ (869)
State	$ (137)	$ (136)	$ (223)	(959)
Deferred
Federal	774	1,588	3,299	2,198
State	216	383	1,026	1,721
Net benefit for income taxes	$ 853	$ 1,835	$ 4,102	$ 2,091

Income Taxes - Summary of Recon

Income Taxes - Summary of Reconciliation of Statutory Federal Income Tax (Benefit) Expense to Consolidated Actual Income Tax Benefit (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Income Tax Disclosure [Abstract]
Statutory Federal income tax benefit at 21%	$ 655	$ 1,663	$ 4,067	$ 1,284
State and local income taxes, net of federal income tax benefit	122	194	760	87
Change in effective state income tax rate	196		149	686
Income attributable to non-controlling interest	50		(166)
Non deductible expenses	(198)		(789)
Other	28	(22)	81	34
Net benefit for income taxes	$ 853	$ 1,835	$ 4,102	$ 2,091

Stock Options and Restricted _3

Stock Options and Restricted Stock - Additional Information (Detail) - USD ($)		Jun. 15, 2018	Jun. 30, 2020		Mar. 31, 2020	Jun. 30, 2020		Jun. 30, 2019	Dec. 31, 2019	Dec. 31, 2018	Mar. 01, 2016	Feb. 29, 2016	Jun. 16, 2006
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock option outstanding			869,605		871,228	869,605			550,040	144,666
Stock option exercisable	[1]		179,079			179,079
Unvested shares of common stock outstanding			690,526		703,948	690,526			487,262
Weighted average fair value of options granted					$ 6.68
Intrinsic value of options vested			$ 1,000			$ 42,000
Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares outstanding			15,624			15,624			26,040
Number of shares available for grant						0		0	26,040
Vesting period									1 year
Exercise price for grant per share									$ 4.80
Number of shares vested and settled						10,416
Restricted Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares outstanding			362,943	[2]	363,639	362,943	[2]		284,879	190,915
Weighted average fair value of options granted						$ 3.30		$ 2.98
Number of shares available for grant					165,674	165,674		167,849	216,148
Exercise price for grant per share					$ 6.68				$ 6.59
2018 Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for grant		241,919	2,210,968			2,210,968
Shares were rolled into the 2018 Plan			1,003,015			1,003,015
2015 Restricted Stock Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for grant											700,000
Unvested shares of common stock outstanding			362,943			362,943
2006 Stock Option Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Issuance of maximum number of shares approved													800,000
Number of additional shares available for issuance			0			0
2006 Stock Option Plan [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation, options term						10 years
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]
Share based compensation, options term		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			200,000
Number of additional shares available for issuance			0			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			9,000
Amended Director Plan [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation, options term						10 years
[1]	The aggregate intrinsic value, which represents the difference between the price of the Company’s common stock at June 30, 2020 and the related exercise price of the underlying options, was $9,000 for outstanding options and $8,000 for exercisable options as of June 30, 2020. The remaining contractual life was 8.85 years for outstanding options and 7.49 years for exercisable options at June 30, 2020.
[2]	The aggregate fair value of the restricted stock was $962,000 as of June 30, 2020. The remaining vesting period was 2.45 years at June 30, 2020.

Stock Options and Restricted _4

Stock Options and Restricted Stock - Summary of Assumption Categories Used to Determine Value of Option Grants (Detail)		6 Months Ended
		Jun. 30, 2020	Jun. 30, 2019
Sharebased Compensation Arrangement By Sharebased Payment Award Stock Options Shares Outstanding Weighted Average Exercise Price And Additional Disclosures [Abstract]
Risk free interest rate		1.46%	2.39%
Expected dividend yield			0.79%
Expected life of option in years	[1]	6 years 3 months	6 years 3 months
Expected volatility	[2]	50.18%	48.45%
[1]	Expected life is calculated using the simplified method.
[2]	We determine our expected volatility based on our historical volatility.

Stock Options and Restricted _5

Stock Options and Restricted Stock - Summary of Activity for Stock Option Programs (Detail) - $ / shares		3 Months Ended		12 Months Ended
		Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options beginning balance		871,228	550,040	144,666
Granted		0	335,773	449,450
Cancelled		(1,623)	(14,585)	(44,076)
Exercised	[1]	0	0	0
Number of options ending balance		869,605	871,228	550,040
Options exercisable	[2]	179,079
Exercise price per share, lower range limit beginning balance		$ 2.14	$ 2.14	$ 2.14
Exercise price per share, upper range limit beginning balance		13.53	13.53	13.84
Exercise price per share, granted			6.68
Exercise price per share, exercised	[1]		0	0
Exercise price per share, lower range limit ending balance		2.14	2.14	2.14
Exercise price per share, upper range limit ending balance		13.53	13.53	13.53
Exercise price per share, option exercisable lower range limit	[2]	2.14
Exercise price per share, option exercisable upper range limit	[2]	13.53
Weighted average exercise price, beginning balance		6.62	6.58	7.23
Weighted average exercise price, granted			6.68	6.61
Weighted average exercise price, cancelled		6.90	6.67	9
Weighted average exercise price, exercised	[1]		0	0
Weighted average exercise price, ending balance		6.62	6.62	6.58
Weighted average exercise price, options exercisable	[2]	6.63
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price per share, granted				5.21
Exercise price per share, cancelled		6.55	6.55	6.55
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price per share, granted				7.25
Exercise price per share, cancelled		$ 7.25	$ 7.25	$ 13.84
[1]	The aggregate intrinsic value, 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 $0 for the three and six months ended June 30, 2020 and 2019.
[2]	The aggregate intrinsic value, which represents the difference between the price of the Company’s common stock at June 30, 2020 and the related exercise price of the underlying options, was $9,000 for outstanding options and $8,000 for exercisable options as of June 30, 2020. The remaining contractual life was 8.85 years for outstanding options and 7.49 years for exercisable options at June 30, 2020.

Stock Options and Restricted _6

Stock Options and Restricted Stock - Summary of Activity for Stock Option Programs (Parenthetical) (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Roll Forward
Aggregate intrinsic value for option exercised	$ 0	$ 0	$ 0	$ 0
Aggregate intrinsic value of option outstanding	9,000		9,000
Aggregate intrinsic value of option exercisable	$ 8,000		$ 8,000
Remaining contractual life of option outstanding			8 years 10 months 6 days
Remaining contractual life of option exercisable			7 years 5 months 26 days

Stock Options and Restricted _7

Stock Options and Restricted Stock - Summary of Activity for Restricted Stock Programs (Detail) - $ / shares		3 Months Ended				6 Months Ended			12 Months Ended
		Jun. 30, 2020		Mar. 31, 2020		Jun. 30, 2020		Jun. 30, 2019	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant price per share, cancelled, lower limit		$ 2.22
Grant price per share, cancelled, upper limit		$ 5.58
Restricted Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares, beginning balance		363,639		284,879		284,879		190,915	190,915
Number of shares, granted				165,674		165,674		167,849	216,148
Number of shares, cancelled		(696)		(5,577)					(3,946)
Number of shares, vested	[1]			(81,337)					(118,238)
Number of shares, ending balance		362,943	[2]	363,639		362,943	[2]		284,879
Grant price per share, lower range limit beginning balance		$ 4.39		$ 3.95		$ 3.95		$ 2.14	$ 2.14
Grant price per share, upper range limit beginning balance		7.25		7.25		7.25		5.27	5.27
Grant price per share, granted, lower limit		6.55							4.80
Grant price per share, granted, upper limit		7.03							7.25
Grant price per share, cancelled, lower limit		6.55		3.95					3.93
Grant price per share, cancelled, upper limit		7.25		7.25					6.55
Grant price per share, vested, lower limit	[1]			3.95					2.06
Grant price per share, vested, upper limit	[1]			6.55					4.80
Grant price per share, lower range limit ending balance		4.39	[1]	4.39		4.39	[1]		3.95
Grant price per share, upper range limit ending balance		7.25	[1]	7.25		7.25	[1]		7.25
Grant price per share, granted				6.68
Weighted average grant price beginning balance		6.44	[2]	6.01		6.01		$ 4.06	4.06
Weighted average grant price, granted				6.68					6.59
Weighted average grant price, cancelled		6.97		6.67					4.97
Weighted average grant price, vested	[1]			5.41					3.89
Weighted average grant price, ending balance		$ 6.44	[2]	$ 6.44	[2]	$ 6.44	[2]		$ 6.01
[1]	The aggregate fair value of the restricted stock vested was $0 and $553,000 for the three and six months ended June 30, 2020, and was $113,000 and $736,000 for the three and six months ended June 30, 2019.
[2]	The aggregate fair value of the restricted stock was $962,000 as of June 30, 2020. The remaining vesting period was 2.45 years at June 30, 2020.

Stock Options and Restricted _8

Stock Options and Restricted Stock - Summary of Activity for Restricted Stock Programs (Parenthetical) (Detail) - Restricted Shares [Member] - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate fair value of restricted stock vested	$ 0	$ 113,000	$ 553,000	$ 736,000
Aggregate fair value of restricted stock outstanding	$ 962,000		$ 962,000
Remaining vesting period of restricted stock			2 years 5 months 12 days

Stock Options and Restricted _9

Stock Options and Restricted Stock - Summary of Activity for Unvested Options Outstanding (Detail) - $ / shares	3 Months Ended		6 Months Ended	12 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2020	Dec. 31, 2019
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares Roll Forward
Number of options beginning balance	703,948	487,262	487,262
Number of options, granted	0	335,773		449,450
Number of options, cancelled	(1,422)	(14,148)
Number of options, vested	(12,000)	(104,939)
Number of options ending balance	690,526	703,948	690,526	487,262
Exercise price per share beginning balance, Lower limit	$ 2.14	$ 2.14	$ 2.14
Exercise price per share beginning balance, Upper limit	7.25	7.25	7.25
Exercise price per share, Granted		6.68
Exercise price per share, Cancelled, Lower limit	6.55	6.55
Exercise price per share, Cancelled, Upper limit	7.25	7.25
Exercise price per share, Vested		6.55
Exercise price per share ending balance, Lower limit	2.14	2.14	2.14	$ 2.14
Exercise price per share ending balance, Upper limit	7.25	7.25	7.25	7.25
Grant price per share, cancelled, lower limit	2.22
Grant price per share, cancelled, upper limit	5.58
Weighted average exercise price	6.21	6.45	6.45
Weighted average exercise price, granted		6.68
Weighted average exercise price, cancelled	6.95	6.68
Weighted average exercise price, vested	4.46	6.55
Weighted average exercise price	$ 6.61	$ 6.21	$ 6.61	$ 6.45

Segment Reporting - Additional

Segment Reporting - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2020Segment	Dec. 31, 2019
Segment Reporting Disclosure [Line Items]
Number of business segments	6
Number of operating segments	4
Number of non-operating segments	2
Capital ratios for operating segments	12.3	13.8
Operating Segments [Member]
Segment Reporting Disclosure [Line Items]
Capital ratios for operating segments	20
Swimming Pools [Member]
Segment Reporting Disclosure [Line Items]
Loan outstanding percent	24.00%
Roofs [Member]
Segment Reporting Disclosure [Line Items]
Loan outstanding percent	23.00%
Windows [Member]
Segment Reporting Disclosure [Line Items]
Loan outstanding percent	13.00%
Solar Panels [Member]
Segment Reporting Disclosure [Line Items]
Loan outstanding percent	10.00%
Texas [Member]
Segment Reporting Disclosure [Line Items]
Loan outstanding percent	16.00%
Florida [Member]
Segment Reporting Disclosure [Line Items]
Loan outstanding percent	10.00%
California [Member]
Segment Reporting Disclosure [Line Items]
Loan outstanding percent	9.00%
Geographic Concentration Risk [Member] | Recreational Vehicles [Member]
Segment Reporting Disclosure [Line Items]
Aggregate percentage of loans lending	60.00%
Geographic Concentration Risk [Member] | Boats [Member]
Segment Reporting Disclosure [Line Items]
Aggregate percentage of loans lending	19.00%
Geographic Concentration Risk [Member] | Trailers [Member]
Segment Reporting Disclosure [Line Items]
Aggregate percentage of loans lending	13.00%
Geographic Concentration Risk [Member] | Midwest [Member]
Segment Reporting Disclosure [Line Items]
Aggregate percentage of loans lending	54.00%
Geographic Concentration Risk [Member] | New York
Segment Reporting Disclosure [Line Items]
Aggregate percentage of loans lending	90.00%

Segment Reporting - Schedule of

Segment Reporting - Schedule of Segment Data (Detail) - USD ($) $ in Thousands		3 Months Ended						6 Months Ended
		Jun. 30, 2020		Mar. 31, 2020	Jun. 30, 2019		Mar. 31, 2019	Jun. 30, 2020		Jun. 30, 2019		Dec. 31, 2019
Segment Reporting Disclosure [Line Items]
Total interest income		$ 35,588			$ 32,015			$ 71,130		$ 62,058
Total interest expense	[1]	8,835			8,821			17,835		16,543
Net interest income		26,753			23,194			53,295		45,515
Provision for loan losses		16,941			15,171			33,482		28,514
Net interest income (loss) after loss provision		9,812			8,023			19,813		17,001
Sponsorship and race winnings		3,626			4,889			6,199		8,068
Race team related expenses		(1,818)			(2,550)			(3,948)		(4,548)
Other income (expense), net		(14,738)			(18,840)			(41,432)		(27,860)
Loss before income taxes		(3,118)			(8,478)			(19,368)		(7,339)
Income tax benefit (provision)		853			1,835			4,102		2,091
Net income (loss)		(2,265)		$ (13,001)	(6,643)		$ 1,395	(15,266)		(5,248)
Balance Sheet Data
Total loans, net		1,193,617			1,047,805			1,193,617		1,047,805		$ 1,114,762
Total assets		1,651,743			1,481,953			1,651,743		1,481,953		1,541,667
Total funds borrowed		$ 1,295,794			$ 1,155,336			$ 1,295,794		$ 1,155,336		1,169,593
Selected Financial Ratios
Return on average assets		(0.98%)			(2.06%)			(2.23%)		(0.89%)
Return on average equity		(4.97%)			(10.34%)			(10.82%)		(4.36%)
Interest yield		10.95%			11.67%			11.31%		11.58%
Net interest margin		8.23%			8.46%			8.48%		8.49%
Reserve coverage		5.31%			3.74%			5.31%		3.74%
Delinquency status	[2]	1.26%			0.78%			1.26%		0.78%
Charge-off ratio		1.39%			4.46%			2.21%		4.88%
RPAC [Member]
Segment Reporting Disclosure [Line Items]
Total interest expense		$ 40			$ 36			$ 80		$ 72
Net interest income		(40)			(36)			(80)		(72)
Net interest income (loss) after loss provision		(40)			(36)			(80)		(72)
Sponsorship and race winnings		3,626			4,889			6,199		8,068
Race team related expenses		(1,818)			(2,550)			(3,948)		(4,548)
Other income (expense), net		(1,378)			(1,717)			(3,223)		(3,514)
Loss before income taxes		390			586			(1,052)		(66)
Income tax benefit (provision)		(97)			(141)			262		16
Net income (loss)		293			445			(790)		(50)
Balance Sheet Data
Total assets		30,542			33,526			30,542		33,526		31,538
Total funds borrowed		$ 8,615			$ 7,713			$ 8,615		$ 7,713		7,794
Selected Financial Ratios
Return on average assets		3.88%			5.54%			(5.17%)		(0.32%)
Return on average equity		(53.94%)			(47.72%)			81.74%		(3.13%)
Operating Segments [Member] | Consumer Lending [Member] | Recreation [Member]
Segment Reporting Disclosure [Line Items]
Total interest income		$ 27,229			$ 24,370			$ 53,563		$ 46,849
Total interest expense		3,226			3,189			6,792		5,963
Net interest income		24,003			21,181			46,771		40,886
Provision for loan losses		8,292			6,176			18,893		13,181
Net interest income (loss) after loss provision		15,711			15,005			27,878		27,705
Other income (expense), net		(6,497)			(5,938)			(13,869)		(11,320)
Loss before income taxes		9,214			9,067			14,009		16,385
Income tax benefit (provision)		(2,356)			(2,349)			(3,582)		(4,244)
Net income (loss)		6,858			6,718			10,427		12,141
Balance Sheet Data
Total loans, net		759,764			655,868			759,764		655,868		695,257
Total assets		775,151			667,600			775,151		667,600		707,377
Total funds borrowed		$ 617,066			$ 531,708			$ 617,066		$ 531,708		563,805
Selected Financial Ratios
Return on average assets		3.68%			4.21%			2.85%		3.93%
Return on average equity		18.38%			16.16%			14.25%		16.26%
Interest yield		14.91%			15.53%			14.98%		15.49%
Net interest margin		13.15%			13.50%			13.08%		13.52%
Reserve coverage		3.43%			1.90%			3.43%		1.90%
Delinquency status	[2]	0.44%			0.56%			0.44%		0.56%
Charge-off ratio		1.95%			1.55%			2.78%		2.43%
Operating Segments [Member] | Consumer Lending [Member] | Home Improvement [Member]
Segment Reporting Disclosure [Line Items]
Total interest income		$ 6,326			$ 4,678			$ 12,213		$ 9,003
Total interest expense		1,236			1,037			2,523		1,943
Net interest income		5,090			3,641			9,690		7,060
Provision for loan losses		760			813			2,296		1,362
Net interest income (loss) after loss provision		4,330			2,828			7,394		5,698
Other income (expense), net		(1,962)			(1,719)			(4,302)		(3,356)
Loss before income taxes		2,368			1,109			3,092		2,342
Income tax benefit (provision)		(606)			(288)			(791)		(607)
Net income (loss)		1,762			821			2,301		1,735
Balance Sheet Data
Total loans, net		278,000			206,636			278,000		206,636		244,716
Total assets		288,501			217,757			288,501		217,757		252,704
Total funds borrowed		$ 229,237			$ 173,226			$ 229,237		$ 173,226		201,605
Selected Financial Ratios
Return on average assets		2.58%			1.94%			1.72%		1.98%
Return on average equity		12.88%			7.88%			8.62%		8.65%
Interest yield		9.66%			9.46%			9.58%		9.44%
Net interest margin		7.77%			7.36%			7.58%		7.40%
Reserve coverage		1.44%			1.39%			1.44%		1.39%
Delinquency status	[2]	0.05%			0.08%			0.05%		0.08%
Charge-off ratio		0.30%			0.17%			0.65%		0.26%
Operating Segments [Member] | Commercial Lending [Member]
Segment Reporting Disclosure [Line Items]
Total interest income		$ 1,726			$ 1,641			$ 3,484		$ 3,517
Total interest expense		617			666			1,274		1,367
Net interest income		1,109			975			2,210		2,150
Net interest income (loss) after loss provision		1,109			975			2,210		2,150
Other income (expense), net		(584)			(780)			(1,479)		(1,095)
Loss before income taxes		525			195			731		1,055
Income tax benefit (provision)		(131)			(48)			(182)		(254)
Net income (loss)		394			147			549		801
Balance Sheet Data
Total loans, net		68,140			60,395			68,140		60,395		66,405
Total assets		86,831			86,725			86,831		86,725		84,924
Total funds borrowed		$ 70,567			$ 68,654			$ 70,567		$ 68,654		68,666
Selected Financial Ratios
Return on average assets		1.86%			0.66%			1.30%		1.81%
Return on average equity		9.28%			3.31%			6.48%		9.03%
Interest yield		10.67%			11.02%			10.97%		11.85%
Net interest margin		6.86%			6.55%			6.96%		7.24%
Reserve coverage		0.00%	[3]		0.71%	[3]		0.00%	[4]	0.71%	[3]
Delinquency status	[2]	0.15%	[3]		1.13%	[3]		0.15%	[4]	1.13%	[3]
Charge-off ratio	[5]	0.00%			0.00%			0.00%		0.00%
Operating Segments [Member] | Medallion Lending [Member]
Segment Reporting Disclosure [Line Items]
Total interest income		$ (7)			$ 666			$ 995		$ 1,507
Total interest expense		988			1,591			2,837		3,500
Net interest income		(995)			(925)			(1,842)		(1,993)
Provision for loan losses		7,889			8,182			12,293		13,516
Net interest income (loss) after loss provision		(8,884)			(9,107)			(14,135)		(15,509)
Other income (expense), net		(2,292)			(6,558)			(10,865)		(5,344)
Loss before income taxes		(11,176)			(15,665)			(25,000)		(20,853)
Income tax benefit (provision)		2,785			3,779			6,230		5,030
Net income (loss)		(8,391)			(11,886)			(18,770)		(15,823)
Balance Sheet Data
Total loans, net		84,369			121,314			84,369		121,314		105,022
Total assets		190,657			235,948			190,657		235,948		217,483
Total funds borrowed		$ 151,614			$ 187,575			$ 151,614		$ 187,575		176,825
Selected Financial Ratios
Return on average assets		(17.19%)			(19.43%)			(18.56%)		(12.53%)
Return on average equity		(85.96%)			(97.16%)			(92.14%)		(62.63%)
Interest yield		(0.03%)			1.99%			2.04%		2.17%
Net interest margin		(4.08%)			(2.77%)			(3.78%)		(2.87%)
Reserve coverage		29.84%			16.88%			29.84%		16.88%
Delinquency status	[2]	10.29%			2.66%			10.29%		2.66%
Charge-off ratio		1.12%			26.47%			3.73%		23.94%
Intersegment Eliminations [Member]
Segment Reporting Disclosure [Line Items]
Total interest income		$ 314			$ 660			$ 875		$ 1,182
Total interest expense		2,728			2,302			4,329		3,698
Net interest income		(2,414)			(1,642)			(3,454)		(2,516)
Provision for loan losses										455
Net interest income (loss) after loss provision		(2,414)			(1,642)			(3,454)		(2,971)
Other income (expense), net		(2,025)			(2,128)			(7,694)		(3,231)
Loss before income taxes		(4,439)			(3,770)			(11,148)		(6,202)
Income tax benefit (provision)		1,258			882			2,165		2,150
Net income (loss)		(3,181)			(2,888)			(8,983)		(4,052)
Balance Sheet Data
Total loans, net		3,344			3,592			3,344		3,592		3,362
Total assets		280,061			240,397			280,061		240,397		247,641
Total funds borrowed		$ 218,695			$ 186,460			$ 218,695		$ 186,460		$ 150,898
Selected Financial Ratios
Return on average assets		(8.96%)			(4.82%)			(7.14%)		(3.16%)
Return on average equity		(38.05%)			(20.68%)			(26.03%)		(12.54%)
[1]	Average borrowings outstanding were $1,290,318 and $1,227,413, and the related average borrowing costs were 2.75% and 2.92%, for the three and six months ended June 30, 2020, and were $1,127,509 and $1,108,512 and 3.14% and 3.01% for the three and six months ended June 30, 2019.
[2]	Loans 90 days or more past due.
[3]	Ratio is based on total commercial lending balances, and relates solely to the legacy commercial loan business.
[4]	Ratio is based on total commercial lending balances, and relates solely to the legacy commercial loan business
[5]	Ratio is based on total commercial lending balances, and relates to the total loan business.

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2020USD ($)
Commitments And Contingencies [Abstract]
Employment agreements expiration description	Employment agreements expire at various dates through 2025
Future minimum payments	$ 13,412,000

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) - USD ($)	Mar. 31, 2022	Jul. 01, 2020	Jun. 30, 2020
Officer [Member] | LAX Group,LLC [Member]
Related Party Transaction [Line Items]
Salary from related party			$ 178,000
Consulting services revenue from related party			$ 4,200
Officer [Member] | LAX Group,LLC [Member] | Common Class B [Member]
Related Party Transaction [Line Items]
Equity ownership percentage by a related party			10.00%
Common stock vesting percentage			3.34%
Percentage of equity raised from outside investors			5.00%
Percentage of bonus received from related party			10.00%
Officer [Member] | LAX Group,LLC [Member] | Common Class B [Member] | Minimum [Member]
Related Party Transaction [Line Items]
Valuation of equity raised from outside investors			$ 1,500,000
Officer [Member] | Subsequent Event [Member] | LAX Group,LLC [Member]
Related Party Transaction [Line Items]
Salary from related party		$ 133,000
Petty Trust [Member] | RPAC [Member]
Related Party Transaction [Line Items]
Annual payment for services provided to the entity			$ 700,000
Petty Trust [Member] | Scenario Forecast [Member] | RPAC [Member]
Related Party Transaction [Line Items]
Note payable to the Petty Trust	$ 7,368,000
Interest percentage of Notes payable	2.00%

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		Jun. 30, 2020	Dec. 31, 2019
Financial assets
Equity investments		$ 10,389	$ 10,079
Investment securities		47,495	48,998
Loans receivable		1,260,594	1,160,855
Carrying Amount [Member]
Financial assets
Cash, cash equivalents and federal funds sold(1)	[1]	103,884	67,821
Equity investments		10,389	10,079
Investment securities		47,495	48,998
Loans receivable		1,193,617	1,114,762
Accrued interest receivable	[2]	10,643	8,662
Financial liabilities
Funds borrowed	[3]	1,295,794	1,169,593
Accrued interest payable	[2]	4,497	4,398
Fair Value Recurring [Member]
Financial assets
Cash, cash equivalents and federal funds sold(1)	[1]	103,884	67,821
Equity investments		10,389	10,079
Investment securities		47,495	48,998
Loans receivable		1,193,617	1,114,762
Accrued interest receivable	[2]	10,643	8,662
Financial liabilities
Funds borrowed	[3]	1,295,727	1,171,274
Accrued interest payable	[2]	$ 4,497	$ 4,398
[1]	Categorized as level 1 within the fair value hierarchy. See Note 13.
[2]	Categorized as level 3 within the fair value hierarchy. See Note 13.
[3]	As of June 30, 2020 and December 31, 2019, publicly traded retail notes traded at a discount to par of $67 and a premium to par of $1,681, respectively.

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	Jun. 30, 2020	Dec. 31, 2019
Fair Value Disclosures [Abstract]
Publicly traded retail notes traded at a premium to par	$ 67	$ 1,681

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 ($)	Jun. 30, 2020		Dec. 31, 2019
Assets
Interest-bearing deposits	$ 2,500,000
Fair Value Recurring [Member]
Assets
Interest-bearing deposits	2,567,000
Available for sale investment securities	47,495,000	[1]	$ 48,998,000	[2]
Total	50,062,000		48,998,000
Fair Value Recurring [Member] | Level 2 [Member]
Assets
Interest-bearing deposits	2,567,000
Available for sale investment securities	47,495,000	[1]	48,998,000	[2]
Total	$ 50,062,000		$ 48,998,000
[1]	Total unrealized gain of $1,128, net of tax, was included in accumulated other comprehensive income (loss) for the six months ended June 30, 2020 related to these assets.
[2]	Total unrealized gains of $1,081, net of tax, was included in accumulated other comprehensive income (loss) for the year ended December 31, 2019 related to these assets.

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 Thousands	3 Months Ended				6 Months Ended	12 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2020	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract]
Net change in unrealized gain on investments, net of tax	$ 981	$ 147	$ 558	$ 669	$ 1,128	$ 1,081

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 ($)	Jun. 30, 2020		Mar. 31, 2020	Dec. 31, 2019		Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018
Assets
Impaired loans	$ 108,195,000			$ 113,581,000
Loan collateral in process of foreclosure	47,375,000	[1]	$ 46,817,000	52,711,000	[1]	$ 52,368,000	$ 49,808,000	$ 49,495,000
Fair Value, Measurements, Nonrecurring [Member]
Assets
Equity investments	10,389,000			10,079,000
Impaired loans	81,925,000			34,915,000
Loan collateral in process of foreclosure	47,375,000			52,711,000
Total	139,689,000			97,705,000
Fair Value, Measurements, Nonrecurring [Member] | Level 3 [Member]
Assets
Equity investments	10,389,000			10,079,000
Impaired loans	81,925,000			34,915,000
Loan collateral in process of foreclosure	47,375,000			52,711,000
Total	$ 139,689,000			$ 97,705,000
[1]	Includes financed sales of this collateral to third parties that are reported separately from the loan portfolio, and that are conducted by the Bank of $9,265 as of June 30, 2020 and $8,163 as of December 31, 2019.

Fair Value of Assets and Liab_6

Fair Value of Assets and Liabilities - Summary of Valuation Techniques and Significant Unobservable Inputs Used in Recurring and Non-Recurring Level 3 Fair Value Measurements of Assets and Liabilities (Detail)	6 Months Ended		12 Months Ended
	Jun. 30, 2020USD ($)$ / shares		Dec. 31, 2019USD ($)$ / shares		Mar. 31, 2020USD ($)	Jun. 30, 2019USD ($)	Mar. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Principal portion of loans serviced, fair value	$ 108,195,000		$ 113,581,000
Loan collateral in process of foreclosure	47,375,000	[1]	52,711,000	[1]	$ 46,817,000	$ 52,368,000	$ 49,808,000	$ 49,495,000
Level 3 [Member] | Equity Investments [Member] | Investee Financial Analysis [Member] | Measurement Input Financial Condition and Operational Performance [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Equity investments	8,934,000		7,435,000
Level 3 [Member] | Equity Investments [Member] | Precedent Market Transactions [Member] | Equity Method Offering Price [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Equity investments	$ 1,455,000		$ 1,455,000
Equity Value | $ / shares	$ 8.73		$ 8.73
Level 3 [Member] | Equity Investments [Member] | Investee Book Value Adjusted for Market Appreciation [Member] | Financial Condition and Operating Performance of the Investee [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Equity investments			$ 1,189,000
Level 3 [Member] | Equity Investments [Member] | Public Company Comparables [Member] | Discount Rate [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Equity Value			0.25
Level 3 [Member] | Equity Investments [Member] | Public Company Comparables [Member] | Financial Condition and Operating Performance Enterprise Value [Member] | Minimum [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Equity Value			$ 4,855,000
Equity Value			1.59
Level 3 [Member] | Equity Investments [Member] | Public Company Comparables [Member] | Financial Condition and Operating Performance Enterprise Value [Member] | Maximum [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Equity Value			$ 6,120,000
Equity Value			5.98
Level 3 [Member] | Impaired Loans [Member] | Market Approach [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Impaired loans, balance percentage	0.60
Level 3 [Member] | Impaired Loans [Member] | Market Approach [Member] | Historical and Actual Loss Experience [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Principal portion of loans serviced, fair value	$ 44,557,000
Level 3 [Member] | Impaired Loans [Member] | Market Approach [Member] | Historical and Actual Loss Experience [Member] | Minimum [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Impaired loans value	0.0150
Level 3 [Member] | Impaired Loans [Member] | Market Approach [Member] | Historical and Actual Loss Experience [Member] | Maximum [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Impaired loans value	0.0600
Level 3 [Member] | Impaired Loans [Member] | Market Approach [Member] | Measurement Input Median Transfer Price [Member] | Minimum [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Principal portion of loans serviced, fair value	$ 4,000
Level 3 [Member] | Impaired Loans [Member] | Market Approach [Member] | Measurement Input Median Transfer Price [Member] | Maximum [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Principal portion of loans serviced, fair value	149,500
Level 3 [Member] | Impaired Loans [Member] | Discounted Cash Flow [Member] | Discount Rate [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Principal portion of loans serviced, fair value	$ 37,368,000
Impaired loans value	0.1278
Level 3 [Member] | Impaired Loans [Member] | Discounted Cash Flow [Member] | Measurement Input Terminal Value [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Impaired loans value	$ 119,500
Level 3 [Member] | Impaired Loans [Member] | Discounted Cash Flow [Member] | Measurement Input Terms [Member] | Minimum [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Impaired loans value	0 months
Level 3 [Member] | Impaired Loans [Member] | Discounted Cash Flow [Member] | Measurement Input Terms [Member] | Maximum [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Impaired loans value	41 months
Level 3 [Member] | Impaired Loans [Member] | Discounted Cash Flow [Member] | Measurement Input Monthly Payments [Member] | Minimum [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Impaired loans value	$ 600
Level 3 [Member] | Impaired Loans [Member] | Discounted Cash Flow [Member] | Measurement Input Monthly Payments [Member] | Maximum [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Impaired loans value	5,000
Level 3 [Member] | Loan Collateral in Process of Foreclosure [Member] | Market Approach [Member] | Collateral Value [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Loan collateral in process of foreclosure	47,375,000
Level 3 [Member] | Loan Collateral in Process of Foreclosure [Member] | Market Approach [Member] | Measurement Input Median Transfer Price [Member] | Minimum [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Loan collateral in process of foreclosure value	4,000
Level 3 [Member] | Loan Collateral in Process of Foreclosure [Member] | Market Approach [Member] | Measurement Input Median Transfer Price [Member] | Maximum [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Loan collateral in process of foreclosure value	$ 149,500
[1]	Includes financed sales of this collateral to third parties that are reported separately from the loan portfolio, and that are conducted by the Bank of $9,265 as of June 30, 2020 and $8,163 as of December 31, 2019.

Medallion Bank Preferred Stoc_2

Medallion Bank Preferred Stock (Non-controlling Interest) - Additional Information (Detail) - USD ($)	Dec. 17, 2019	Jul. 21, 2011	Feb. 27, 2009	Jun. 30, 2020
Capital Purchase Program [Member]
Changes In Equity And Comprehensive Income Line Items [Line Items]
Preferred stock, liquidation preference per share				$ 1,000
U.S. Treasury Securities [Member] | Capital Purchase Program [Member]
Changes In Equity And Comprehensive Income Line Items [Line Items]
US Treasury shares purchased		26,303
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	$ 46,000,000
Preferred stock, net of liquidation amount	$ 42,485,000
Percentage of dividend payment rate	8.00%
Series F Fixed-to-Floating Rate Non-cumulative Perpetual Preferred Stock [Member] | SOFR [Member]
Changes In Equity And Comprehensive Income Line Items [Line Items]
Percentage of liquidation rate basis	6.46%
Dividend description of variable rate basis	three-month Secured Overnight Financing Rate, or SOFR
Series ABC and D Non-cumulative Perpetual Preferred Stock [Member] | Capital Purchase Program [Member]
Changes In Equity And Comprehensive Income Line Items [Line Items]
Aggregate purchase price			$ 21,498,000
Redemption of preferred stock				$ 4,000,000
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				9.00%
Aggregate purchase price		$ 26,303,000

Variable Interest Entities - Ad

Variable Interest Entities - Additional Information (Detail) - USD ($)	Oct. 31, 2018	Jun. 30, 2020	Dec. 31, 2019	Dec. 31, 2008
Variable Interest Entity [Line Items]
Variable interest entity net gain	$ 25,325,000
Equity investments		$ 10,389,000	$ 10,079,000
Medallion Financing Trust I [Member]
Variable Interest Entity [Line Items]
Promissory note payable	$ 1,400,000
Taxi Medallion Loan Trust III [Member]
Variable Interest Entity [Line Items]
Equity investments		0	$ 0
Taxi Medallion Loan Trust III [Member] | DZ Loan [Member] | Commercial Paper [Member]
Variable Interest Entity [Line Items]
Line of credit facility maximum borrowing capacity				$ 200,000,000
Long-term debt		$ 86,925,000
Maturity date		Nov. 15, 2020

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) - USD ($)		Jul. 31, 2020	Jun. 30, 2020	Dec. 31, 2019
Subsequent Event [Line Items]
Debentures borrowed	[1]		$ 154,874,000	$ 174,614,000
Small Business Administration Debentures and Borrowings [Member]
Subsequent Event [Line Items]
Debenture outstanding amount			74,436,000
Debenture remaining borrowing capacity			$ 20,436,000
Subsequent Event [Member] | Small Business Administration Debentures and Borrowings [Member]
Subsequent Event [Line Items]
Note Amounts		$ 25,000,000
Debentures term		10 years
Leverage fee amount		$ 250,000
Remaining portion of leverage fee amount		500,000
Debenture outstanding amount		8,500,000
Debenture remaining borrowing capacity		16,500,000
Remaining amount of debenture after deducting leverage fee kept for capitalization of retained earning or capital infusion		8,250,000
Subsequent Event [Member] | Small Business Administration Debentures and Borrowings [Member] | Debenture Mature 2021 [Member]
Subsequent Event [Line Items]
Debentures borrowed		$ 8,500,000
Subsequent Event [Member] | Small Business Administration Debentures and Borrowings [Member] | Maximum [Member]
Subsequent Event [Line Items]
Debenture last issuance date		Sep. 24, 2024
[1]	Includes $2,136 and $2,511 of deferred financing costs as of June 30, 2020 and December 31, 2019.