Marlin Business Services (MRLN) 10-Q 1 May 20 2020 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2020	Apr. 24, 2020
Document And Entity Information [Abstract]
Document Type	10-Q
Document period end date	Mar. 31, 2020
Amendment flag	false
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Current fiscal year end date	--12-31
Address Line 1	300 Fellowship Road
Name of the City or Town	Mount Laurel
Entity Address, State or Province	NJ
Postal or zip code	08054
Entity central index key	0001260968
Entity current reporting status	Yes
Entity filer category	Accelerated Filer
Entity registrant name	MARLIN BUSINESS SERVICES CORP.
Entity common stock shares outstanding		11,884,174
Entity Shell Company	false
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Interactive Data Current	Yes

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($)	Mar. 31, 2020	Dec. 31, 2019
ASSETS
Cash and due from banks	$ 5,261,000	$ 4,701,000
Interest-earning deposits with banks	205,809,000	118,395,000
Total cash and cash equivalents	211,070,000	123,096,000
Time deposits with banks	13,664,000	12,927,000
Restricted interest-earning deposits (includes $6.5 million and $6.9 million at March 31, 2020 and December 31, 2019, respectively related to consolidated VIEs)	6,474,000	6,931,000
Investment securities (amortized cost of $10.6 million and $11.1 million at March 31, 2020 and December 31, 2019, respectively	10,480,000	11,076,000
Net investment in leases and loans [abstract]
Leases	407,148,000	426,608,000
Loans	614,988,000	601,607,000
Net investment in leases and loans, excluding allowance for credit losses (includes $62.0 million and $76.1 million at March 31, 2020 and December 31, 2019, respectively, related to consolidated VIEs)	1,022,136,000	1,028,215,000
Allowance for Credit Losses	(52,060,000)	(21,695,000)
Total net investment in leases and loans	970,076,000	1,006,520,000
Intangible assets	7,261,000	7,461,000
Goodwill	0	6,735,000
Operating lease right-of-use assets	8,618,000	8,863,000
Property and equipment, net	8,138,000	7,888,000
Property tax receivable, net of allowance	10,291,000	5,493,000
Other assets	17,465,000	10,453,000
Total assets	1,263,537,000	1,207,443,000
LIABILITIES AND STOCKHOLDER'S EQUITY
Deposits	941,996,000	839,132,000
Operating lease liabilities	9,487,000	9,730,000
Other liabilities:
Sales and property taxes payable	7,267,000	2,678,000
Accounts payable and accrued expenses	28,427,000	34,028,000
Net deferred income tax liability	25,677,000	30,828,000
Total liabilities	1,075,047,000	992,487,000
Commitments and contingencies
Stockholders' equity:
Preferred Stock, $0.01 par value; 5,000,000 shares authorized; none issued	0	0
Common Stock, $0.01 par value; 75,000,000 shares authorized; 11,884,473 and 12,113,585 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively	119,000	121,000
Additional paid-in capital	75,647,000	79,665,000
Accumulated other comprehensive income (loss)	20,000	58,000
Retained earnings	112,704,000	135,112,000
Total stockholders equity	188,490,000	214,956,000
Total liabilities and stockholders equity	1,263,537,000	1,207,443,000
Variable Interest Entity, Primary Beneficiary [Member]
ASSETS
Restricted interest-earning deposits (includes $6.5 million and $6.9 million at March 31, 2020 and December 31, 2019, respectively related to consolidated VIEs)	6,500,000	6,900,000
Net investment in leases and loans [abstract]
Net investment in leases and loans, excluding allowance for credit losses (includes $62.0 million and $76.1 million at March 31, 2020 and December 31, 2019, respectively, related to consolidated VIEs)	62,000,000	76,100,000
Long-term borrowings related to consolidated VIEs	$ 62,193,000	$ 76,091,000

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Consolidated Balance Sheets [Abstract]
Preferred stock shares authorized	5,000,000	5,000,000
Preferred stock shares issued	0	0
Preferred stock - par or stated value	$ 0.01	$ 0.01
Common stock par value	$ 0.01	$ 0.01
Common stock shares authorized	75,000,000	75,000,000
Common stock shares outstanding	11,884,473	12,113,585
Common stock shares issued	11,884,473	12,113,585
Variable Interest Entity [Line Items]
Restricted interest-earning deposits with banks	$ 6,474	$ 6,931
Amortized cost	6,738
Net investment in leases and loans, excluding allowance for credit losses	1,022,136	1,028,215
Variable Interest Entity, Primary Beneficiary [Member]
Variable Interest Entity [Line Items]
Restricted interest-earning deposits with banks	6,500	6,900
Amortized cost	10,600	11,100
Net investment in leases and loans, excluding allowance for credit losses	$ 62,000	$ 76,100

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Consolidated Statements of Operations (Unaudited)
Interest income	$ 26,465	$ 25,883
Fee income	2,766	4,042
Interest and fee income	29,231	29,925
Interest expense	5,680	5,962
Net interest and fee income	23,551	23,963
Provision for credit losses	25,150	5,363
Net interest and fee income after provision for credit losses	(1,599)	18,600
Non-interest income:
Gain on sale of leases and loans sold	2,282	3,612
Insurance premiums written and earned	2,282	2,132
Other income	7,639	7,204
Non-interest income	12,203	12,948
Non-interest expense:
Salaries and benefits	9,519	11,451
General and administrative	13,605	13,354
Goodwill impairment	6,735	0
Non-interest expense	29,859	24,805
(Loss) income before income taxes	(19,255)	6,743
Income tax (benefit) expense	(7,434)	1,602
Net (loss) income	$ (11,821)	$ 5,141
Basic (loss) earnings per share	$ (1)	$ 0.42
Diluted (loss) earnings per share	$ (1)	$ 0.41

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Comprehensive Income
Net (loss) income	$ (11,821)	$ 5,141
Other Comprehensive Income (Loss)
(Decrease) increase in fair value of debt securities available for sale	(51)	54
Tax effect	13	(14)
Total other comprehensive income (loss)	(38)	40
Comprehensive Income	$ (11,859)	$ 5,181

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Thousands		Total	Revision of Prior Period, Accounting Standards Update, Adjustment [Member}	Common Stock [Member]	Common Stock [Member]Revision of Prior Period, Accounting Standards Update, Adjustment [Member}	Additional Paid In Capital [Member]	Additional Paid In Capital [Member]Revision of Prior Period, Accounting Standards Update, Adjustment [Member}	Accumulated Other Comprehensive Income (Loss) [Member]	Retained Earnings [Member]	Retained Earnings [Member]Revision of Prior Period, Accounting Standards Update, Adjustment [Member}
Balance at Dec. 31, 2018		$ 198,511		$ 124		$ 83,496		$ (44)	$ 114,935
Issuance of common stock		0		0		0		0	0
Repurchase of common stock		(1,145)		(1)		(1,144)		0	0
Exercise of stock options		0		0		0		0	0
Stock-based compensation recognized		861				861
Net change in unrealized gain/loss on securities available for sale, net of tax		40						40
Net (loss) income		5,141							5,141
Impact of adopting of new accounting standards		0		0		0		0	0
Cash dividends paid ($0.14 per share)		(1,758)		0		0		0	(1,758)
Balance at Mar. 31, 2019		$ 201,650		$ 123		83,213		(4)	118,318
Balance, Shares at Dec. 31, 2018		12,367,724		12,367,724
Issuance of common stock, shares		0		0
Repurchase of common stock, shares		(48,857)		(48,857)
Stock issued in connection with restricted, stock and RSU's, net of forfeitures		30,209		30,209
Exercise of stock options, shares		0		0
Balance, Shares at Mar. 31, 2019		12,349,076		12,349,076
Balance at Dec. 31, 2019		$ 214,956		$ 121		79,665		58	135,112
Issuance of common stock		0		0		0		0	0
Repurchase of common stock		(4,538)		(3)		(4,535)		0	0
Stock issued in connection with restricted stock and RSUs, net of forfeitures		0		1		(1)		0	0
Stock-based compensation recognized		518		0		518		0	0
Net change in unrealized gain/loss on securities available for sale, net of tax		(38)		0		0		(38)	0
Net (loss) income		(11,821)		0		0		0	(11,821)
Impact of adopting of new accounting standards	[1]		$ (8,877)		$ 0		$ 0			$ (8,877)
Accounting Standards Update [Extensible List]			Accounting Standards Update 2016-13 [Member]
Cash dividends paid ($0.14 per share)		(1,710)		0		0		0	(1,710)
Balance at Mar. 31, 2020		$ 188,490		$ 119		$ 75,647		$ 20	$ 112,704
Balance, Shares at Dec. 31, 2019		12,113,585		12,113,585
Issuance of common stock, shares		0		0
Repurchase of common stock, shares		(285,593)		285,593
Stock issued in connection with restricted, stock and RSU's, net of forfeitures		56,481		56,481
Exercise of stock options, shares		0
Balance, Shares at Mar. 31, 2020		11,884,473		11,884,473
[1]	(1) Represents the impact of Accounting Standards Update ("ASU") 2016-13 and related ASUs collectively referred to as "CECL". See Note 2.

Consolidated Statements of St_2

Consolidated Statements of Stockholders' Equity (Parenthetical) (Unaudited) - $ / shares	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Statements Of Stockholders Equity [Abstract]
Cash dividends declared and paid per share	$ 0.14	$ 0.14

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Cash flows from operating activities:
Net (loss) income	$ (11,821)	$ 5,141
Adjustments to reconcile Net (loss) income to net cash provided by operating activities:
Depreciation and amortization	1,057	1,209
Stock-based compensation	518	861
Goodwill impairment	6,735	0
Change in fair value of equity securities	(58)	(43)
Provision for credit losses	25,150	5,363
Change in net deferred income tax liability	(2,107)	1,364
Amortization of deferred initial direct costs and fees	3,413	3,563
Loss on equipment disposed	0	389
Gain on leases sold	(2,282)	(3,612)
Leases originated for sale	(3,693)	(10,675)
Proceeds from sale of leases originated for sale	3,874	11,052
Noncash lease expense	324	275
Effect of changes in other operating items:
Other assets	(12,002)	(4,982)
Other liabilities	1,083	2,559
Net cash provided by operating activities	10,191	12,464
Cash flows from investing activities:
Net change in time deposits with banks	(737)	(1,580)
Purchases of equipment for lease contracts and funds used to originate loans	(156,145)	(197,168)
Principal collections on leases and loans	129,810	122,871
Proceeds from sale of leases originated for investment	21,337	45,428
Security deposits collected, net of refunds	(78)	(76)
Proceeds from the sale of equipment	840	696
Acquisitions of property and equipment	(796)	(376)
Principle payments received on securities available for sale	594	372
Net cash (used in) investing activities	(5,175)	(29,833)
Cash flows from financing activities:
Net change in deposits	102,864	84,391
Term securitization repayments	(14,008)	(21,104)
Business combinations earn-out consideration payments	(132)	(121)
Repurchases of common stock	(4,538)	(1,145)
Dividends paid	(1,685)	(1,727)
Net cash provided by financing activities	82,501	60,294
Net increase in total cash, cash equivalents and restricted cash	87,517	42,925
Total cash, cash equivalents and restricted cash, beginning of period	130,027	111,201
Total cash, cash equivalents and restricted cash, end of period	217,544	154,126
Supplemental disclosures of cash flow information:
Cash paid for interest on deposits and borrowings	5,420	5,204
Net cash paid (refunds received) for income taxes	1,797	1,371
Leases transferred into held for sale from investment	19,235	42,193
Supplemental disclosures of non cash investing activities:
Business combinations assets acquired	0	146
Purchase of equipment for lease contracts and loans originated	3,773	6,979
Reconciliation of cash, cash equivalents and restricted cash to the consolidated balance sheets
Cash and Cash Equivalents	211,070	140,952
Restricted interest-earning deposits	6,474	13,174
Total cash, cash equivalents and restricted cash, end of period	$ 217,544	$ 154,126

The Company

The Company	3 Months Ended
	Mar. 31, 2020
The Company [Abstract]
The company	NOTE 1 – The Company Marlin Business Services Corp. (the “Company”) is a nationwide provider of credit products and services to small businesses. The products and services we provide to our customers include loans and leases for the acquisition of commercial equipment (including Commercial Vehicle Group (“CVG”) assets which now incorporates Transportation Finance Group (“TFG”)) and worki ng capital loans. The Company was incorporated in the Commonwealth of Pennsylvania on August 5, 2003. In May 2000, we established AssuranceOne, Ltd., a Bermuda-based, wholly-owned captive insurance subsidiary (“Assurance One”), which enables us to reinsure the property insurance coverage for the equipment financed by Marlin Leasing Corporation (“MLC”) and Marlin Business Bank (“MBB”) for our small business customers. Effective March 12, 2008, the Company opened MBB, a commercial bank chartered by the State of Utah and a member of the Federal Reserve System. MBB serves as the Company’s primary funding source through its issuance of Federal Deposit Insurance Corporation (“FDIC”)-insured deposits. On September 19, 2018, the Company completed the acquisition of Fleet Financing Resources (“FFR”) , a leading provider of equipment finance credit products specializing in the leasing and financing of both new and used commercial vehicles, with an emphasis on livery equipment and other types of commercial vehicles us ed by small businesses. References to the “Company,” “Marlin,” “Registrant,” “we,” “us ” and “our” herein refer to Marlin Business Services Corp. and its wholly-owned subsidiaries, unless the context otherwise requires.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2020
Summary of Significant Accounting Policies [Abstract]
Summary of Significant Accounting Policies	NOTE 2 – Summary of Significant Accounting Policies Basis of financial statement presentation. The unaudited consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. MLC and MBB are managed together as a single business segment and are aggregated for financial reporting purposes as they exhibit simil ar economic characteristics, share the same leasing and loan portfolio and have a single consolidated product offering platform . All intercompany accounts and transactions have been eliminated in consolidation. The accompanying unaudited consolidated fina ncial statements present the Company’s financial position at March 31, 2020 and the results of operations for the three- month periods ended March 31, 2020 and 2019 , and cash flows for the three -month periods ended March 31, 2020 and 2019 . In management’s opinion, the unaudited consolidated financial statements contain all adjustments, which include normal and recurring adjustments, necessary for a fair presentation of the financial position and results of operations for the i nterim periods presented. These unaudited consolidated financial statements should be read in conjunction with the consolidated financial statements and note disclosures included in the Company’s Form 10-K for the year ended December 31, 201 9 , filed with the Securities and Exchange Commission (“SEC”) on March 13 , 20 20 . The consolidated results and statements of cash flows for the se interim financial statements are not necessarily indicative of the results of operations or cash flows for the respective full years or any other period. Use of Estimates. These unaudited consolidated financial statement s require management to make estimates and assumptions that aff ect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Estimates are used when accounting for income recognition, the residual values of leased equipment, the allowance for credit losses, deferred initial direct costs and fees, late fee receivables, the fair value of financial instruments, estimated losses from insurance program, and income ta xes. Actual results could differ from those estimates. Provision for income taxes. Income tax benefit of $ 7.4 million was recorded for the three-month period ended March 31, 2020 , compared to expense of $1.6 million for the t hree-month period ended March 31, 2019 . For the three-month period ended March 31, 2020 , the income tax benefit includes a $ 3.2 million discrete benefit, related to remeasuring our federal net operating losses, driven by certain provisions in the CARES Act. Our statutory tax rate, which is a combination of federal and state income tax rates, was approximately 23.9 % for both periods. However, our effective tax rate was 38.6% for the three-month period ended March 31, 2020 , driven by the recognition of t he discrete benefit. Significant Accounting Policies. There have been no sig nificant changes to our Significant Accounting P olicies as described in our 2019 Annual Report on Form 10-K other than the adoption of ASU 2016-13 as described below . Recently Adopted Accounting Standards . Credit Losses. In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Ins truments , which changes the methodology for evaluating impairment of most financial instruments. This guidance was subsequently amended by ASU 2018-19, Codification Improvements, ASU 2019-04, Codification Improvements , ASU 2019-05, Targeted Transition Relief, ASU 2019-10, Effective Dates, and ASU 2019-11, Codification Improvements . These ASUs are refe rred to collectively as “CECL”. CECL replaces the probable, incurred loss model with a measurement of expected credit losses for the contractual term of the Company’s current portfolio of loans and leases. After the adoption of CECL, a n allowance, or estimate of credit losses, will be recognized immediately upon the origination of a loan or lease, and will be adjusted in each subseque nt reporting period. This estimate of credit losses takes into consideration all cashflows the Company expects to receive or derive from the pools of contracts, including recoveries after charge-off, amounts related to initial direct cost and origination costs net of fees deferred, accrued interest receivable and certain future cashflows from residual assets. The Company had previously recognized residual income within Fee Income in its Consolidated Statement s of Operations; the adoption of CECL results in such residual income being captured as a component of the activity of the allowance. The Company’s policy for charging off contracts against the allowance, and non-accrual policy are not impacted by the adoption of CECL. The provision for credit losses recognized in the Consolidated S tatement s of Operations under CECL will be primarily driven by originations, offset by the reversal of the allowance for any contracts sold, plus any amounts of realized cashflows, such as charge - offs, above or below our modeled estimates, plus adjustments for changes in estimate each subsequent reporting period. Estimating an allowance under CECL requires the Company to develop and maintain a consistent systematic methodology to measure the estimated credit losses inherent in its current portfolio, over the entire life of the contracts. The Company assesses the appropriate collective, or pool, basis to use to aggregate its portfolio based on the existence of similar risk characteristics and determined that i ts measurement begins by separately considering segments of financing receivables, which is similar to how it has historically analyzed its allowance for credit losses: (i) equipment finance lease and loan; (ii) working capital loans; (iii) commercial vehi cles “CVG”; and (iv) Community Reinvestment Act. However, these classes of receivables are further disaggregated into pools of loans based on risk characteristics that may include: lease or loan type, origination channel, and internal credit score (which is a measurement that combines many risk characteristics, including loan size, external credit scores, existence of a guarantee, and various characteristics of the borrower’s business). As part of our analysis of expected credit losses, we may analyze c ontracts on an individual basis, or create additional pools of contracts, in situations where such loans exhibit unique risk characteristics and are no longer expected to experience similar losses to the rest of their pool. As part of its estimate of ex pected credit losses, specific to each measurement date, management considers relevant qualitative and quantitative factors to assess whether the historical loss experience being referenced should be adjusted to better reflect the risk characteristics of t he current portfolio and the expected future loss experience for the life of these contracts. This assessment incorporates all available information relevant to considering the collectability of its current portfolio, including considering economic and bu siness conditions, default trends, changes in its portfolio composition, changes in its lending policies and practices, among other internal and external factors. The Company adopted the guidance in these ASUs, effective January 1, 2020, applying changes resulting from the application of the new standard’s provisions as a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is effective (i.e., modified retrospective approach). The adopt ion of this standard resulted in the following adjustment to the Company’s Consolidated Balance Sheets: Balance as of Balance as of December 31, Adoption January 1, 2019 Impact 2020 (Dollars in thousands) Assets: Net investment in leases and loans $ 1,028,215 $ — $ 1,028,215 Allowance for credit losses (21,695) (11,908) (33,603) Total net investment in leases and loans 1,006,520 994,612 Liabilities: Net deferred income tax liability 30,828 (3,031) 27,797 Stockholders' Equity: Retained Earnings 135,112 (8,877) 126,235 See Note 6 – Allowance for Credit Losses , for further discussion of the January 1, 2020 measurement of allowance under CECL, as well as discussion of the Company’s new Accounting Policy governing its Allowance. See Note 13 – Stockholders’ Equity , for discussion of the Company’s election to de lay for two-years the effect of CECL on regulatory capital, followed by a three-year phase-in for a five-year total transition. In addition, as a result of adoption this standard, future measurements of the impairment of our investment securities will i ncorporate the guidance in these ASUs, including analyzing any decline in fair value between credit quality-driven factors versus other factors. There was no impact as of the adoption date to our investment securities.

Non-Interest Income

Non-Interest Income	3 Months Ended
	Mar. 31, 2020
Noninterest Income [Abstract]
Noninterest Income [Text Block]	NOTE 3 – Non-Interest Income The following table summarizes non-interest income for the periods presented: Three Months Ended March 31, (dollars in thousands) 2020 2019 Insurance premiums written and earned $ 2,282 $ 2,132 Gain on sale of leases and loans 2,282 3,612 Other income: Property tax income 5,504 5,643 Servicing income 566 287 Net gain (loss) recognized on equity securities 58 43 Non-interest income within the scope of other GAAP topics 10,692 11,717 Other income: Insurance policy fees 918 668 Property tax administrative fees on leases 234 268 ACH payment fees 72 86 Referral fees 94 155 Other 193 54 Non-interest income from contracts with customers 1,511 1,231 Total non-interest income $ 12,203 $ 12,948

Investments securities

Investments securities	3 Months Ended
	Mar. 31, 2020
Investment securities [Abstract]
Investment securities [Text Block]	NOTE 4 - Investment Securities The Company has the following investment securities as of the periods presented : March 31, December 31, 2020 2019 (Dollars in thousands) Equity Securities Mutual fund $ 3,692 $ 3,615 Debt Securities, Available for Sale: Asset-backed securities ("ABS") 4,135 4,332 Municipal securities 2,653 3,129 Total investment securities $ 10,480 $ 11,076 The following schedule summarizes changes in fair value of e quity securities and the portion of unrealized gains and losses for each period presented : Three months ended (Dollars in thousands) March 31, 2020 March 31, 2019 Net gains and (losses) recognized during the period on equity securities $ 58 $ 43 Less: Net gains and (losses) recognized during the period on equity securities sold during the period — — Unrealized gains and (losses) recognized during the reporting period on equity securities still held at the reporting date $ 58 $ 43 Available for Sale The following schedule is a summary of available for sale investments for the periods presented: March 31, 2020 Gross Gross Amortized Unrealized Unrealized Estimated Cost Gains Losses Fair Value (Dollars in thousands) ABS $ 4,074 $ 61 $ — $ 4,135 Municipal securities 2,664 14 (25) 2,653 Total Debt Securities, Available for Sale $ 6,738 $ 75 $ (25) $ 6,788 December 31, 2019 Gross Gross Amortized Unrealized Unrealized Estimated Cost Gains Losses Fair Value (Dollars in thousands) ABS $ 4,302 $ 33 $ (3) $ 4,332 Municipal securities 3,058 71 — 3,129 Total Debt Securities, Available for Sale $ 7,360 $ 104 $ (3) $ 7,461 The Company evaluates its available for sale securities in an unrealized loss position for other than temporary impairment on at least a quarterly basis. The company did not recognize any other than temporary impairment to earnings for each of the periods ended March 31, 2020 and March 31, 2019 . The following tables present the aggregate amount of unrealized losses on available for sale securities in the Company’s investment securities classified according to the amount of time those securities have been in a continuous loss position as of March 31, 2019 and December 31, 2019 : March 31, 2020 Less than 12 months 12 months or longer Total Gross Gross Gross Unrealized Fair Unrealized Fair Unrealized Fair Losses Value Losses Value Losses Value (Dollars in thousands) Municipal securities $ (25) $ 1,834 $ — $ — $ (25) $ 1,834 Total available for sale investment securities $ (25) $ 1,834 $ — $ — $ (25) $ 1,834 December 31, 2019 Less than 12 months 12 months or longer Total Gross Gross Gross Unrealized Fair Unrealized Fair Unrealized Fair Losses Value Losses Value Losses Value (Dollars in thousands) ABS $ — $ — $ (3) $ 430 $ (3) $ 430 Total available for sale investment securities $ — $ — $ (3) $ 430 $ (3) $ 430 The following table presents the amortized cost, fair value, and weighted average yield of available for sale investments at March 31, 2020 , based on estimated average life. Receipt of cash flows may differ from those estimated maturities because borrowers may have the right to call or pre pay obligations with or without penalties: Distribution of Maturities 1 Year Over 1 to Over 5 to Over 10 or Less 5 Years 10 Years Years Total (Dollars in thousands) Amortized Cost: ABS $ — $ 2,427 $ 1,647 $ — $ 4,074 Municipal securities 15 34 756 1,859 2,664 Total available for sale investments $ 15 $ 2,461 $ 2,403 $ 1,859 $ 6,738 Estimated fair value $ 15 $ 2,501 $ 2,413 $ 1,859 $ 6,788 Weighted-average yield, GAAP basis 4.75% 2.02% 1.81% 2.58% 2.42%

Net Investment in Leases and Lo

Net Investment in Leases and Loans	3 Months Ended
	Mar. 31, 2020
Net Investment in Leases and Loans [Abstract]
Net Investment in Leases and Loans	NOTE 5 – Net Investment in Leases and Loans Net investment in leases and loans consists of the following: March 31, 2020 December 31, 2019 (Dollars in thousands) Minimum lease payments receivable $ 434,841 $ 457,602 Estimated residual value of equipment 29,464 29,342 Unearned lease income, net of initial direct costs and fees deferred (56,645) (59,746) Security deposits (512) (590) Total leases 407,148 426,608 Commercial loans, net of origination costs and fees deferred Working Capital Loans 59,012 60,942 CRA (1) 1,410 1,398 Equipment loans (2) 481,000 464,655 CVG 73,566 74,612 Total commercial loans 614,988 601,607 Net investment in leases and loans, excluding allowance 1,022,136 1,028,215 Allowance for credit losses (52,060) (21,695) $ 970,076 $ 1,006,520 ________________________ (1) CRA loans are comprised of loans originated under a line of credit to satisfy its obligations under the Community Reinvestment Act of 1977. (2) Equipment loans are comprised of Equipment Finance Agreements, Installment Purchase Agreements and other loans. At March 31, 2020 , $ 62.0 million in net investment in leases were pledged as collateral for the Company’s outstanding asset-backed securitization balance and $ 55.1 million in net investment in leases were pledged as co llateral for the secured borrowing capacity at the Federal Reserve Discount Window. The amount of deferred i nitial direct costs and origination costs net of fees deferred were $ 19.5 million and $ 20.5 million as of March 31, 2020 and December 3 1, 2019 , respectively. Initial direct costs are netted in unearned income and are amortized to income using the effective interest method. ASU 2016-02 limited the types of costs that qualify for deferral as initial direct costs for leases, which r educed the deferral of unit lease costs and resulted in an increase in current period expense. Origination costs are netted in commercial loans and are amortized to income using the effective interest method. At March 31, 2020 and December 31, 2019 , $23.5 million and $23.4 million, respectively, of the estimated residual value of equipment retained on our Consolidated Balance Sheets was related to copiers. Maturities of lease receivable s under lease contracts and the amortization o f unearned lease income, including initial direct costs and fees deferred, were as follows as of March 31, 2020 : Minimum Lease Payments Net Income Receivable (1) Amortization (2) (Dollars in thousands) Period Ending December 31, Remainder of 2020 $ 132,867 $ 22,664 2021 137,907 18,737 2022 90,158 9,728 2023 49,519 4,107 2024 20,660 1,140 Thereafter 3,730 269 $ 434,841 $ 56,645 ________________________ (1) Represents the undiscounted cash flows of the lease payments receivable. (2) Represents the difference between the undiscounted cash flows and the discounted cash flows Portfolio Sales The Company originates certain lease and loans for sale to third parties, based on their underwriting criteria and specifications. In addition, the Company may periodically enter into agreements to sell certain leases and loans that were originated for investment to third parties. For agreements that qualify as a sale where the Company has continuing involvement through servicing, the Company recognizes a servicing liability at its initial fair value, and then amortizes the liabili ty over the expected servicing period based on the effective yield method, within Other income in the Consolidated Statements of Operations. The Company’s sale agreements typically do not contain a stated servicing fee, so the initial value recognized as a servicing liability is a reduction of the proceeds received and is based on an estimate of the fair value attributable to that obligation. The Company’s servicing liability is $ 2. 3 million and $ 2.5 million as of March 31, 2020 and December 31, 2019, resp ectively, and is recognized within Accounts payable and accrued expenses in the Consolidated Balance Sheets. As of March 31, 2020 and December 31, 2019, the portfolio of leases and loans serviced for others was $ 328 million and $340 million, respectively. In addition, the Company may have continuing involvement in contracts sold through any recourse obligations that may include customary representations and warranties or specific recourse provisions. The Company’s expected losses from recourse obligations is $1. 2 million as of March 31, 2020 and was $ 0.4 million as of December 31, 2019 . The following table summarizes information related to portfolio sales for the periods presented: Three Months Ended March 31, 2020 2019 (Dollars in thousands) Sales of leases and loans $ 22,929 $ 52,867 Gain on sale of leases and loans 2,282 3,612

Allowance for Credit Losses

Allowance for Credit Losses	3 Months Ended
	Mar. 31, 2020
Allowance For Credit Losses [Abstract]
Allowance For Credit Losses	NOTE 6 – Allowance for Credit Losses For 2019 and prior, we maintained an allowance for credit losses at an amount sufficient to absorb losses inherent in our existing lease and loan portfolios as of the reporting dates based on our estimate of probable incurred net credit losses in accordance with the Contingencies Topic of the FASB ASC . Effective January 1, 2020, we adopted ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (“CECL”) , which changed our accounting policy and estimated allowance. CECL replaces the probable, incurred loss model with a measuremen t of expected credit losses for the contractual term of the Company’s current portfolio of loans and leases. After the adoption of CECL, an allowance, or estimate of credit losses, will be recognized immediately upon the origination of a loan or lease, an d will be adjusted in each subsequent reporting period. See further discussion of the adoption of this accounting standard and a summary of the Company’s revised Accounting Policy for Allowance for Credit L osses in Note 2, Summary of Significant Accountin g Policies. Detailed discussion of our measurement of allowance under CECL as of the adoption date and March 31, 2020 is below. The following tables summarize activity in the allowance for credit losses Three Months Ended March 31, 2020 Commercial Leases and Loans (Dollars in thousands) Equipment Finance Working Capital Loans CVG CRA Total Allowance for credit losses, December 31, 2019 $ 18,334 $ 1,899 $ 1,462 $ — $ 21,695 Adoption of ASU 2016-13 (CECL) (1) 9,264 (3) 2,647 — 11,908 Allowance for credit losses, January 1, 2020 $ 27,598 $ 1,896 $ 4,109 $ — $ 33,603 Charge-offs (6,490) (1,279) (729) — (8,498) Recoveries 525 38 89 — 652 Net chargeoffs (5,965) (1,241) (640) — (7,846) Realized cashflows from Residual Income 1,153 - - — 1,153 Provision for credit losses 14,988 6,545 3,617 — 25,150 Allowance for credit losses, end of period $ 37,774 $ 7,200 $ 7,086 $ — $ 52,060 Net investment in leases and loans, before allowance $ 877,199 $ 59,012 $ 84,515 $ 1,410 $ 1,022,136 Three Months Ended March 31, 2019 Commercial Leases and Loans (Dollars in thousands) Equipment Finance Working Capital Loans CVG CRA Total Allowance for credit losses, beginning of period $ 13,531 $ 1,467 $ 1,102 $ — $ 16,100 Charge-offs (4,333) (673) (328) — (5,334) Recoveries 734 19 — — 753 Net charge-offs (3,599) (654) (328) — (4,581) Provision for credit losses 4,043 871 449 — 5,363 Allowance for credit losses, end of period $ 13,975 $ 1,684 $ 1,223 $ — $ 16,882 Net investment in leases and loans, before allowance $ 915,556 $ 43,210 $ 79,830 $ 1,476 $ 1,040,072 __________________ (1) The Company adopted ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments , which changed our accounting policy and estimated allowance, effective January 1, 2020. See further discussion in Note 2, Summary of Significant Accounting Policies, and below. Estimate of Current Expected Credit Losses (CECL) Starting with the January 1, 2020 adoption of CECL, the Company recognizes an allowance, or estimate of credit losses, immediately upon the origination of a loan or lease, and that estimate will be reassessed in each subsequent reporting period. This esti mate of credit losses takes into consideration all cashflows the Company expects to receive or derive from the pools of contracts, including recoveries after charge-off, amounts related to initial direct cost and origination costs net of fees deferred, accrued interest receivable and certain future cashflows from residual assets. As part of its estimate of expected credit losses, specific to each measurement date, management considers relevant qualitative and quantitative factors to assess whether the his torical loss experience being referenced should be adjusted to better reflect the risk characteristics of the current portfolio and the expected future loss experience for the life of these contracts. This assessment incorporates all available information relevant to considering the collectability of its current portfolio, including considering economic and business conditions, default trends, changes in its portfolio composition, changes in its lending policies and practices, among other internal and exte rnal factors. Current Measurement The Company selected a vintage loss model as the approach to estimate and measure its expected credit losses for all portfolio segments and for all pools, primarily because the timing of the losses realized has been cons istent across historical vintages, such that the company is able to develop a predictable and reliable loss curve for each separate portfolio segment. The vintage model assigns loans to vintages by origination date, measures our historical average actual loss and recovery experience within that vintage, develops a loss curve based on the averages of all vintages, and predicts (or forecasts) the remaining expected net losses of the current portfolio by applying the expected net loss rates to the remaining l ife of each open vintage. Additional detail specific to the measurement of each portfolio segment under CECL as of January 1, 2020 and March 31, 2020 is summarized below . Equipment Finance: Equipment Finance consists of Equipment Finance Agreements, Ins tallment Purchase Agreements and other leases and loans. The risk characteristics referenced to develop pools of Equipment F inance leases and loans are based on internally developed credit score ratings, which is a measurement that combines many risk char acteristics, including loan size, external credit scores, existence of a guarantee, and various characteristics of the borrower’s business. In addition, the Company separately measured a pool of true leases so that any future cashflows from residuals coul d be used to partially offset the allowance for that pool. The Company’s measurement of Equipment F inance pools is based on its own historical loss experience. The Company analyzed the correlation of its own loss data from 2004 to 2019 against various economic variables in order to determine an approach for reasonable and supportable forecast. The Company then selected certain economic variables to reference for its forecast about the future , specifically the unemployment rate and growth in business b ankruptcy. The Company’s methodology reverts from the forecast data to its own loss data adjusted for the long-term average of the referenced economic variables, on a straight-line basis. At each reporting date, the Company considers current conditions, i ncluding changes in portfolio composition or the business environment, when determining the appropriate measurement of current expected credit losses for the remaining life of its portfolio. As of the January 1, 2020 adoption date, the Company utilized a 12 - month forecast period and 12 - month straight-line reversion period, based on its initial assessment of the appropriate timing. However, for its March 31, 2020 measurement , the Company adjusted its model to reference a 6 - month forecast period and 12 - month straight line reversion period. The change in the length of the reasonable and supportable forecast was based on observed market volatility in late March and uncertainty o f the duration and level of impact of the COVID-19 virus on the macroeconomic environment and the Company’s portfolio, including uncertainty about the forecasted impact of COVID-19 that w as underlying its economic forecasted variables beyond a 6-month period. The forecast adjustment to the Equipment Finance portfolio segment resulted in a $ 10.8 million increase to the provision for the three months ended March 31, 2020. The Company qualitatively assessed the output of the Equipment Finance calculated allo wance after adjusting the forecast period, and determined the resulting credit loss estimate to properly reflect its estimate of expected net cashflows of this portfolio segment over the remaining contract term . Working Capital: The risk characteristi cs referenced to develop pools of Working Capital loans is based on origination channel, separately considering an estimation of loss for direct-sourced loans versus loans that were sourced from a broker. The Company’s historical relationship with its dire ct-sourced customers typically results in a lower level of credit risk than loans sourced from brokers where the Company has no prior credit relationship with the customer. The Company’s measurement of Working Capital pools is based on its own historic al loss experience. The Company’s Working Capital loans typically range from 6 – 12 months of duration. For this portfolio segment, due to the short contract duration, the Company did not define a standard methodology to adjust its loss estimate based on a forecast of economic condition s . However, the Company will continually assess through a qualitative adjustment whether there are changes in conditions and the environment that will impact the performance of these loans that should be considered for qual itative adjustment. At each reporting date, the Company considers current conditions, including changes in portfolio composition or the business environment, when determining the appropriate measurement of current expected credit losses for the remaining l ife of its portfolio. As of the January 1, 2020 adoption date, there w as no qualitative adjustment to the Working Capital portfolio. However, for the March 31, 2020 measurement, driven by the elevated risk of credit loss driven by market conditions due t o COVID-19, the Company developed alternate scenarios for credit loss based on an analysis of the characteristics of its portfolio , considering different timing and magnitudes of potential exposures . The Company determined its most likely expectation for credit losses for the Working Capital segment for the remaining nine months of 2020 , based on the increased risk to its borrowers and increased risk to the collectability of its portfolio from COVID-19, and increased the reserve by a $ 5.5 million qualitative adjustment for that loss estimate. Commercial Vehicle Group (CVG): Transportation-related equipment leases and loans are analyzed as a single pool, as the Company did not consider any risk characteristics to be significant enough to warrant disaggregating this population. The Company’s measurement of CVG pools is based on a combination of its own historical loss experience and industry loss data from an external source. The Company has limited history of this product, and therefore the Company determined it was appropriate to develop an estimate based on a combination of data. Due to the Company’s limited history of performance of this segment, and the limited size of the portfolio, the Company did not develop a standard methodology to adjust its loss estimate based on a forecast of economic conditions. However, the Company will continually assess through a qualitative adjustment whether there are changes in conditions and the environment that will impact the performance of these loans that should be considered for qualitat ive adjustment. At each reporting date, the Company considers current conditions, including changes in portfolio composition or the business environment, when determining the appropriate measurement of for the remaining life of the current portfolio. As o f the January 1, 2020 adoption date, there were no qualitative adjustment to the CVG portfolio. However, for the March 31, 2020 measurement, driven by the elevated risk of credit loss driven by market conditions due to COVID-19, the Company developed alte rnate scenarios for expected credit loss for this segmen t , considering different timing and magnitudes of potential exposures . The Company determined its most likely expectation for credit losses for the CVG segment for the remaining nine months of 2020 based on the increased risk to its borrowers and increased risk to the collectability of its portfolio from COVID-19, and increased the reserve by a $ 2.9 million qualitative adjustment for that loss estim a te. Community Reinvestment Act (CRA): CRA loans ar e comprised of loans originated under a line of credit to satisfy the Company’s obligations under the Community Reinvestment Act of 1977. The Company does not measure an allowance specific to this portfolio segment because the exposure to credit loss is n ominal. In response to COVID-19, starting in mid-March 2020, the Company instituted a payment deferral program in order to assist its small-business customers that request relief who are current under their existing obligations and can demonstrate that their ability to repay has been impacted by the COVID-19 crisis . Through March 31, 2020, the Company had processed payment deferral mo difications for 520 contracts , or $ 19.5 million net investment in leases and loans, where the typical mo dification included a 60-day deferral of payments for Working Capital loans and 90-day deferral of payments for other customers , with such payments added to the end of the contract term. The modifications for each portfolio segment were $ 8.5 million of Eq uipment Finance, $ 7.0 million of Working Capital, and $ 4.0 million of CVG net investment in leases and loans. The Company did not adjust its estimate of credit losses for any portfolio segment based on whether or not contracts were modified; the Company’s allowance estimate assesses the risk of credit loss for modified loans to be equal to loans that were not modified as of March 31, 2020 . Subsequent to quarter-end, through April 24, 2020, the Company has approved the payment deferral modification applicat ion for contracts representing an additional $ 134.5 million net investment in leases and loans. A portion of these modifications are subject to the completion of final processing and documentation . Troubled debt restructurings are restructurings of leases and loans in which, due to the borrower's financial difficulties, a lender grants a concession that it would not otherwise consider for borrowers of similar credit quality. In accordance with the interagency guidance issued in March 2020, that the Financial Accounting Standards Board concurred with, loans modified under the Company’s payment deferral program are not considered troubled debt restructurings. As of March 31, 2020 and December 31, 201 9, the Company did no t have any troubled debt restructurings. As part of our analysis of expected credit losses, we may analyze contracts on an individual basis, or create additional pools of contracts, in situations where such loans exhibit unique risk ch aracteristics and are no longer expected to experience similar losses to the rest of their pool. As of March 31, 2020 and January 1, 2020, there were no contracts subject to specific analysis outside of the portfolio segments and pools that are outlined a bove. Credit Quality At origination, the Company utilizes an internally developed credit score ratings as part of its underwriting assessment and pricing decisions for new contracts. The internal credit score is a measurement that combines many risk characteristics, including loan size, external credit scores, exis tence of a guarantee, and various characteristics of the borrower’s business . The internal credit score is used to create pools of loans for analysis in the Company’s Equipment Finance portfolio segment, as discussed further above. We believe this segmentation allows our loss modeling to properly reflect changes in portfolio mix driven by sales activity and adjustments to underwriting standards. However, this score is not updated after origination date for analyzing the Company’s provision. On an ongoin g basis, t o monitor the credit quality of its portfolio, t he Company primarily reviews the current delinquency of the portfolio and delinquency migration to monitor risk and default trends . We believe that delinquency is the best factor to use to monitor t he credit quality of our portfolio on an ongoing basis because it reflects the current condition of the portfolio, and is a good predictor of near term charge-offs and can help with identifying trends and emerging risks to the portfolio. The following t ables provide information about delinquent leases and loans in the Company’s portfolio based on the contract’s status as-of the dates presented: Portfolio by Origination Year as of March 31, 2020 Total 2020 2019 2018 2017 2016 Prior Receivables (Dollars in thousands) Equipment Finance 30-59 $ 179 $ 2,952 $ 1,803 $ 1,368 $ 512 $ 167 $ 6,981 60-89 — 1,428 1,304 767 319 73 3,891 90+ — 2,157 1,629 1,046 387 138 5,357 Total Past Due 179 6,537 4,736 3,181 1,218 378 16,229 Current (1) 110,762 372,522 207,521 114,189 44,511 11,465 860,970 Total 110,941 379,059 212,257 117,370 45,729 11,843 877,199 Working Capital 30-59 — 609 — — — — 609 60-89 — 16 — — — — 16 90+ — 23 26 — — — 49 Total Past Due — 648 26 — — — 674 Current (1) 21,388 35,947 965 38 — — 58,338 Total 21,388 36,595 991 38 — — 59,012 CVG 30-59 — 126 178 106 30 — 440 60-89 — 182 84 49 — — 315 90+ — 276 75 211 31 — 593 Total Past Due — 584 337 366 61 — 1,348 Current (1) 8,755 39,679 19,750 11,054 3,833 96 83,167 Total 8,755 40,263 20,087 11,420 3,894 96 84,515 CRA Total Past Due — — — — — — — Current 1,410 — — — — — 1,410 Total 1,410 — — — — — 1,410 Net investment in leases and loans, before allowance $ 142,494 $ 455,917 $ 233,335 $ 128,828 $ 49,623 $ 11,939 $ 1,022,136 Portfolio by Origination Year as of December 31, 2019 Total 2019 2018 2017 2016 2015 Prior Receivables (Dollars in thousands) Equipment Finance 30-59 $ 1,420 $ 1,755 $ 935 $ 454 $ 169 $ 17 $ 4,750 60-89 1,023 1,055 685 366 80 4 3,213 90+ 947 1,522 1,090 527 163 7 4,256 Total Past Due 3,390 4,332 2,710 1,347 412 28 12,219 Current 424,559 236,068 135,419 55,119 16,461 1,407 869,033 Total 427,949 240,400 138,129 56,466 16,873 1,435 881,252 Working Capital 30-59 566 18 — — — — 584 60-89 16 52 — — — — 68 90+ 203 — — — — — 203 Total Past Due 785 70 — — — — 855 Current 57,706 2,343 38 — — — 60,087 Total 58,491 2,413 38 — — — 60,942 CVG 30-59 50 126 90 99 — — 365 60-89 5 15 188 46 — — 254 90+ — 178 158 53 — — 389 Total Past Due 55 319 436 198 — — 1,008 Current 42,536 22,531 13,442 4,976 130 — 83,615 Total 42,591 22,850 13,878 5,174 130 — 84,623 CRA Total Past Due — — — — — — — Current 1,398 — — — — — 1,398 Total 1,398 — — — — — 1,398 Net investment in leases and loans, before allowance $ 530,429 $ 265,663 $ 152,045 $ 61,640 $ 17,003 $ 1,435 $ 1,028,215 _________________ (1) Current receivables include leases and loans that are in payment deferral status as part of the Company’s COVID-19 modification program. See further discussion above. Net investments in Equipment Finance and CVG leases and loans are generally charged-off when they are contractually past due for 120 days or more. Income recognition is discontinued when a default on monthly payment exists for a period of 90 d ays or more. Income recognition resumes when a lease or loan becomes less than 90 days delinquent. At March 31, 2020 and December 31, 2019 , there were no finance receivables past due 90 days or more and still accruing. Working Capital Loans are generally place d in non-accrual status when they are 30 days past due and generally charged-off at 60 days past due . The loan is removed from non-accrual status once sufficient payments are made to bring the loan current and reviewed by management. At March 31, 2020 and December 31, 2019 , there were no Working Capital Loans past due 30 days or more and still accruing. The following tables provide information about non-accrual leases and loans : March 31, December 31, (Dollars in thousands) 2020 2019 Equipment Finance $ 5,357 $ 4,256 Working Capital Loans 755 946 CVG 593 389 Total Non-Accrual $ 6,705 $ 5,591

Goodwill and Intangible Assets

Goodwill and Intangible Assets	3 Months Ended
	Mar. 31, 2020
Goodwill and Intangible Assets [Abstract]
Goodwill and Intangible Assets [Text Block]	NOTE 7 - Goodwill and Intangible Assets Goodwill The Company’s goodwill balance of $ 6.7 million at December 31, 201 9 included $1.2 million from the Company’s acquisition of Horizon Keystone Financial, an equipment company (‘ HKF ”), in January 2017 , and $5.5 million from the September 2018 acquisition of FFR. The goodwill balance represents the excess purchase price over the Company’s fair value of the assets acquired and is not amortizable but is deductible for tax purposes. Impair ment testing will be performed in the fourth quarter of each year and more frequently as warranted in accordance with the applicable accounting guidance . The Company assigns its goodwill to a single, consolidated reporting unit, Marlin Business Services C orp. In the first quarter of 2020, events or circumstances indicated that it was more likely than not that the fair value of its reporting unit was less than its carrying amount, driven in part by market capitalization of the Company falling below its book value, and negative current events that impact the Company related to the COVID-19 economic shutdown. The Company calculated the fair value of the reporting unit, by taking the average stock price over a reasonable period of time multiplied by shares out standing as of March 31, 2020 and then further applying a control premium, and compared it to its carrying amount, including goodwill. The Company concluded that the implied fair value of goodwill was less than its carrying amount, and recognized impairme nt equal to the $6.7 million balance in General and administrative expense in the Consolidated Statements of Operations. The changes in the carrying amount of goodwill for the three- month period ended March 31, 2020 are as follows: (Dollars in thousands) Total Company Balance at December 31, 2019 $ 6,735 Impairment of Goodwill (6,735) Balance at March 31, 2020 $ — Intangible assets The Company’s intangible assets consist of $1.3 million of definite-lived assets with a weighted-average amortization period of 8.7 years that were recognized in connection with the January 2017 acquisition of HKF, and $7.6 million of definite-lived intangible assets with a weighted-average amortization period of 10.8 years that were recognized in connection with the September 2018 acquisition of FFR. The Company has no indefinite-lived intangible assets . The f ollowing table presents details of the Company’s intangible assets as of March 31, 2020 : (Dollars in thousands) Gross Carrying Accumulated Net Description Useful Life Amount Amortization Value Lender relationships 3 to 10 years $ 1,630 $ 551 $ 1,079 Vendor relationships 11 years 7,290 1,140 6,150 Corporate trade name 7 years 60 28 32 $ 8,980 $ 1,719 $ 7,261 There was no impairment of these assets in the first quarter of 2020 or 2019 . Amortization related to the Company’s definite lived intangible assets was $ 0. 2 million and $ 0 .2 million for the three -month periods ended March 31, 2020 and March 31, 2019 , respectively . The Company expects the amortization expense for the next five years will be as follows: (Dollars in thousands) Remainder of 2020 $ 599 2021 798 2022 798 2023 798 2024 790

Other Assets

Other Assets	3 Months Ended
	Mar. 31, 2020
Other Assets [Abstract]
Other Assets	NOTE 8 – Other Assets Other assets are comprised of the following: March 31, December 31, 2020 2019 (Dollars in thousands) Accrued fees receivable $ 3,683 $ 3,509 Prepaid expenses 2,853 2,872 Income taxes receivable (1) 6,877 — Federal Reserve Bank Stock 1,711 1,711 Other 2,341 2,361 $ 17,465 $ 10,453 _______________________ (1) See Note 2 – Summary of Significant Accounting Policies, for discussion of the Provision for income taxes.

Deposits

Deposits	3 Months Ended
	Mar. 31, 2020
Deposits [Abstract]
Deposits	NOTE 9 – Deposits MBB serves as the Company’s primary funding source. MBB issues fixed-rate FDIC-insured certificates of deposit raised nationally through various brokered deposit relationships and fixed-rate FDIC-insured deposits received from direct sources. MBB offers FD IC-insured money market deposit accounts (the “MMDA Product”) through participation in a partner bank’s insured savings account product. This brokered deposit product has a variable rate, no maturity date and is offered to the clients of the partner bank a nd recorded as a single deposit account at MBB. As of March 31, 2020 , money market deposit accounts totaled $ 51.6 million. As of March 31, 2020 , the scheduled maturities of certificates of deposits are as follows: Scheduled Maturities (Dollars in thousands) Period Ending December 31, Remainder of 2020 $ 387,922 2021 265,743 2022 134,233 2023 66,915 2024 28,046 Thereafter 6,927 Total $ 889,786 Certificates of deposits issued by MBB are time deposits and are generally issued in denominations of $250,000 or less. The MMDA Product is also issued to customers in amounts less than $250,000. The FDIC insures deposits up to $250,000 per depositor. The weighted average all-in interest rate of deposits at March 31, 2020 was 2.15% .

Debt and Financing Arrangements

Debt and Financing Arrangements	3 Months Ended
	Mar. 31, 2020
Debt and Financing Arrangements [Abstract]
Debt and Financing Arrangements [Text Block]	NOTE 10 – Debt and Financing Arrangements Short -Term Borrowings T he Company has a secured, variable rate revolving line of credit in the amount of $ 5.0 million that expires on November 20, 2020 . As of March 31, 2020 , the Company was in compliance with all debt covenants required under this line of credit and there were no outstanding balances on this line of credit as of March 31, 2020 and December 31, 2019 . Long-term Borrowings On July 27, 2018, the Company completed a $201.7 million asset-backed term securitization. Each tranche of the term note securitization has a fixed term, fixed interest rate and fixed principal amount. At March 31, 2020 , outstanding term securitizations amou nted to $ 62.6 million and are collateralized by $ 68.5 million of minimum lease and loan payments receivable and $ 6.5 million of restricted interest-earning deposits. The Company’s term note securitizations are classified as l ong-term borrowings. The balance of long-term borrowings consisted of the following: March 31, December 31, 2020 2019 (Dollars in thousands) Term securitization 2018-1 $ 62,555 $ 76,563 Unamortized debt issuance costs (362) (472) $ 62,193 $ 76,091 The term note securitization is summarized below: Outstanding Balance as of Notes Final Original March 31, December 31, Originally Maturity Coupon 2020 2019 Issued Date Rate (Dollars in thousands) 2018 — 1 Class A-1 $ — $ — $ 77,400 July, 2019 2.55 % Class A-2 — 8,013 55,700 October, 2020 3.05 Class A-3 30,915 36,910 36,910 April, 2023 3.36 Class B 10,400 10,400 10,400 May, 2023 3.54 Class C 11,390 11,390 11,390 June, 2023 3.70 Class D 5,470 5,470 5,470 July, 2023 3.99 Class E 4,380 4,380 4,380 May, 2025 5.02 Total Term Note Securitizations $ 62,555 $ 76,563 $ 201,650 3.05 % (1)(2) (1) Represents the original weighted average initial coupon rate for all tranches of the securitization. In addition to this coupon interest, term note securitizations have other transaction costs which are amortized over the life of the borrowings as additional interest expense. ( 2 ) The weighted average coupon rate of the 2018-1 term note securitization will approximate 3.62 % over the remaining term of the borrowing. Scheduled principal and interest payments on outstanding borrowings as of March 31, 2020 are as follows: Principal Interest (Dollars in thousands) Period Ending December 31, Remainder of 2020 $ 30,344 $ 1,342 2021 23,629 813 2022 8,582 159 $ 62,555 $ 2,314

Fair Value Measurements and Dis

Fair Value Measurements and Disclosures about the Fair Value of Financial Instruments	3 Months Ended
	Mar. 31, 2020
Fair Value Measurements And Disclosures About Fair Value Of Financial Instruments [Abstract]
Fair Value Measurements and Disclosures about the Fair Value of Financial Instruments	NOTE 11 – Fair Value Measurements and Disclosures about the Fair Value of Financial Instruments Fair Value Measurements Fair value is defined in GAAP as the price that would be received to sell an asset or the price that would be paid to transfer a liability on the measurement date. GAA P focuses on the exit price in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants. A three-level valuation hierarchy is required for disclosure of fair value measurements based upon th e transparency of inputs to the valuation of an asset or liability as of the measurement date. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The level in the fair value hierarchy within which the fair value measurement in its entirety falls is determined based on the lowest level input that is significant to the measurement in its entirety. The Company’s balances measured at fair value on a recurring basis include the following as of March 31, 2020 and December 31, 2019 : March 31, 2020 December 31, 2019 Fair Value Measurements Using Fair Value Measurements Using Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 (Dollars in thousands) Assets ABS $ — $ 4,135 $ — $ — $ 4,332 $ — Municipal securities — 2,653 — — 3,129 — Mutual fund 3,692 — — 3,615 — — At this time, the Company has not elected to report any assets and liabilities using the fair value option. There have been no transfers between Level 1 and Level 2 of the fair value hierarchy for any of the periods presented. Non-Recurring Measurements Non-recurring fair value measurements include assets and liabilities that are periodically remeasured or assessed for impairment using Fair value measurements. Non-recurring measurements include the Company’s evaluation of goodwill and residual assets for impairment, and the Company’s remeasurement of contingent consideration and assessment of the carrying amount of its servicing liability. For the three months ended March 31, 2020, the Company recognized $ 6.7 million for the impairment of goodwill in Ge neral and administrative expense in the Consolidated Statements of Operations, as discussed further in Note 7, Goodwill and Intangible Assets. For the three months ended March 31, 2019, there were no significant amounts recognized in the Consolidated Stat ements of Operations in connection with non-recurring fair value measurements. Fair Value of Other Financial Instruments The following summarizes the carrying amount and estimated fair value of the Company’s other financial instruments, including those not measured at fair value on a recurring basis: March 31, 2020 December 31, 2019 Carrying Fair Carrying Fair Amount Value Amount Value (Dollars in thousands) Financial Assets Cash and cash equivalents $ 211,070 $ 211,070 $ 123,096 $ 123,096 Time deposits with banks 13,664 13,094 12,927 12,970 Restricted interest-earning deposits with banks 6,474 6,474 6,931 6,931 Loans, net of allowance 580,244 558,584 588,688 593,406 Federal Reserve Bank Stock 1,711 1,711 1,711 1,711 Financial Liabilities Deposits $ 941,996 $ 952,958 $ 839,132 $ 846,304 Long-term borrowings 62,193 62,841 76,091 76,781 The re have been no significant changes in the methods and assumptions used in estimating the fair values of financial instruments , as outlined in our consolidated financial statements and note disclosures in the Company’s Form 10-K for the year ended December 31, 2019.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
Earnings Per Share	NOTE 12 – Earnings Per Share The Company’s restricted stock awards are paid non-forfeitable common stock dividends and thus meet the criteria of participating securities. Accordingly, earnings per share (“EPS”) has been calculated using the two-class method, under which earnings are allocated to both common stock and participating securities. Basic EPS has been computed by dividing net income or loss allocated to common stock by the weighted average common shares used in computing basic EPS. For the computation of basic EPS, all shares of restricted stock have been deducted from the weighted average shares outstanding. Diluted EPS has been computed by dividing net income or loss allocated to common stock by the weighted aver age number of common shares used in computing basic EPS, further adjusted by including the dilutive impact of the exercise or conversion of common stock equivalents, such as stock options, into shares of common stock as if those securities were exercised o r converted. The following table provides net income and shares used in computing basic and diluted EPS: Three Months Ended March 31, 2020 2019 (Dollars in thousands, except per-share data) Basic EPS Net (loss) income $ (11,821) $ 5,141 Less: net income allocated to participating securities — (72) Net (loss) income allocated to common stock $ (11,821) $ 5,069 Weighted average common shares outstanding 12,014,396 12,337,730 Less: Unvested restricted stock awards considered participating securities (138,249) (172,084) Adjusted weighted average common shares used in computing basic EPS 11,876,147 12,165,646 Basic (loss) earnings per share $ (1.00) $ 0.42 Diluted EPS Net (loss) income allocated to common stock $ (11,821) $ 5,069 Adjusted weighted average common shares used in computing basic EPS 11,876,147 12,165,646 Add: Effect of dilutive stock-based compensation awards — 86,470 Adjusted weighted average common shares used in computing diluted EPS 11,876,147 12,252,116 Diluted (loss) earnings per share $ (1.00) $ 0.41 For each of the three-month periods ended March 31, 2020 and March 31, 2019 , outstanding stock based compensation awards in the amount of 359,035 and 188,583 , respectively, were considered antidilutive and therefore were not considered in the computation of potential common shares for purposes of diluted EPS .

Stockholders' Equity

Stockholders' Equity	3 Months Ended
	Mar. 31, 2020
Stockholders' Equity [Abstract]
Stockholders' Equity	NOTE 13 – Stockholders’ Equity Share Repurchases During the three - month period ended March 31, 2020 , the Company purchased 264,470 shares of its common stock i n the open market under the 2019 Repurchase Plan at an average cost of $ 16.09 per share. D uring the three -month period ended March 31, 2019 , the Company purchase d 29,947 shares of its common stock in the open market under the 2017 Repurchase Plan at an average cost of $ 23.86 per share . At March 31, 2020 , the Company had $ 4.7 million remaining in the 20 19 Repurchase Plan . In addition to the repurchases described above, participants in the Company’s 2014 Equity Compensation Plan (approved by the Company’s shareholders on June 3, 2014) (the “2014 Plan”) may have shares withheld to cover income taxes. D uring the three-month period s ended March 31, 2020 and March 31, 2019 , there were 21,123 shares and 18,910 shares repurchased to cover income tax withholding under the 2014 Plan at an aver age cost of $ 13.38 per share and $ 22.74 per share, respectively. Regulatory Capital Requirements Through its issuance of FDIC-insured deposits, MBB serves as the Company’s primary funding source. Over time, MBB may offer other products and services to the Company’s customer base. MBB operates as a Utah state-chartered, Federal Reserve member commercia l bank, insured by the FDIC. As a state-chartered Federal Reserve member bank, MBB is supervised by both the Federal Reserve Bank of San Francisco and the Utah Department of Financial Institutions. The Company and MBB are subject to capital adequacy regul ations issued jointly by the federal bank regulatory agencies. These risk-based capital and leverage guidelines make regulatory capital requirements more sensitive to differences in risk profiles among banking organizations and consider off-balance sheet e xposures in determining capital adequacy. The federal bank regulatory agencies and/or the U.S. Congress may determine to increase capital requirements in the future due to the current economic environment. Under the capital adequacy regulation, at least ha lf of a banking organization’s total capital is required to be "Tier 1 Capital" as defined in the regulations, comprised of common equity, retained earnings and a limited amount of non-cumulative perpetual preferred stock. The remaining capital, "Tier 2 Ca pital," as defined in the regulations, may consist of other preferred stock, a limited amount of term subordinated debt or a limited amount of the reserve for possible credit losses. The regulations establish minimum leverage ratios for banking organizatio ns, which are calculated by dividing Tier 1 Capital by total average assets. Recognizing that the risk-based capital standards principally address credit risk rather than interest rate, liquidity, operational or other risks, many banking organizations are expected to maintain capital in excess of the minimum standards. The Company and MBB operate under the Basel III capital adequacy standards. These standards require a minimum for Tier 1 leverage ratio of 4 %, minimum Tier 1 risk-based ratio of 6 %, and a to tal risk-based capital ratio of 8 %. The Basel III capital adequacy standards established a new common equity Tier 1 risk-based capital ratio with a required 4.5 % minimum ( 6.5 % to be considered well-capitalized). The Company is required to have a level of regulatory capital in excess of the regulatory minimum and to have a capital buffer above 1.875 % for 2018, and 2.5 % for 2019 and thereafter. If a banking organization does not maintain capital above the minimum plus the capital conservation buffer it may b e subject to restrictions on dividends, share buybacks, and certain discretionary payments such as bonus payments. CMLA Agreement. On March 25, 2020, MBB received notice from the FDIC that it had approved MBB ’s request to rescind certain nonstandard conditions in the FDIC’s order granting federal deposit insurance issued on March 20, 2007. Furthermore, effective March 26, 2020, the FDIC, the Company and certain of the Company’s subsidiaries terminated the Capital Maintenance and Liquidity Agreement (the “CMLA Agreement”) and the Parent Company Agreement, each entered into by and among the Company, certain of its subsidiaries and the FDIC in conjunction with the opening of MBB . A s a result of these actions, MBB is no longer required pursuant to the CMLA Agreement to maintain a total risk-based capital ratio above 15 %. Rather, MBB must continue to maintain a total risk-based capital ratio above 10% in order to maintain “well-capitalized” status as defined by banking regulations, while the Company must continue to maintain a total risk-based capital ratio as discussed in the immediately preceding paragraph . The additional capital released by the termination of the CMLA Agreement is held at MBB and is subject to the restrictions outlined in Title 12 part 208 of the Code of Federal Regulations (12 CFR 208.5), which places limitations o n bank dividends, including restricting dividends for any year to the earnings from the current and prior two calendar years. Any divid ends declared above that amount and any return of permanent capital would require prior approval of the Federal Reserve Board of Governors. MBB’s Tier 1 Capital balance at March 31, 2020 was $139.2 million, which met all capital requirements to which MBB is subject and qualified MBB for “well-capitalized” status. At March 31, 2020 , the Company also exceeded its regulatory capital requirements and was considered “well-capitalized” as defined by federal banking regulations and as required by the FDIC Agreement. CECL Capital Transition. The Company adopted CECL, or a new measurement methodology for the allowance estimate, on January 1, 2020, as discussed further in Note 2—Summary of Significant Account ing Policies. Rules governing the Company’s regulatory capital requirements give entities the option of delaying for two years the estimated impact of CECL on regulatory capital, followed by a three-year transition period to phase out the aggregate amount of capital benefit, or a five-year transition in total. The Company has elected to avail itself of the five - year transition. For measurements of regulatory capital in 2020 and 2021 , under the two year delay the Company shall prepare: (i) a measurement of its estimated allowance for credit losses under CECL, as reported in its balance sheets; and (ii) a measurement of its estimated allowance under the historical incurred loss methodo logy, as prescribed by the regulatory calculation. A ny amount of provisions under CECL that is in excess of the incurred estimate will be a n adjustment the Company’s capital during the two-year delay. The three-year transition, starting in 2022, will pha se in that adjustment straight-line, such that 25 percent of the transitional amounts will be included in the first year, and an additional 25 % over each of the next two years, such that we will have phased in 75 % of the adjustment during year three. At t he beginning of year 6 (2025 ) the Company will have completely reflected the effects of CECL in its regulatory capital. The following table sets forth the Tier 1 leverage ratio, common equity Tier 1 risk-based capital ratio, Tier 1 risk-based capital ratio and total risk-based capital ratio for Marlin Business Services Corp. and MBB at March 31, 2020 . Minimum Capital Well-Capitalized Capital Actual Requirement Requirement Ratio Amount Ratio Amount Ratio Amount (Dollars in thousands) Tier 1 Leverage Capital Marlin Business Services Corp. 16.18% $ 194,700 4% $ 48,137 5% $ 60,171 Marlin Business Bank 13.27% $ 139,242 4% $ 41,961 5% $ 52,451 Common Equity Tier 1 Risk-Based Capital Marlin Business Services Corp. 18.64% $ 194,700 4.5% $ 47,004 6.5% $ 67,894 Marlin Business Bank 14.86% $ 139,242 4.5% $ 42,163 6.5% $ 60,902 Tier 1 Risk-based Capital Marlin Business Services Corp. 18.64% $ 194,700 6% $ 62,672 8% $ 83,562 Marlin Business Bank 14.86% $ 139,242 6% $ 56,217 8% $ 74,957 Total Risk-based Capital Marlin Business Services Corp. 19.94% $ 208,238 8% $ 83,562 10% $ 104,453 Marlin Business Bank 16.16% $ 151,425 8% $ 74,957 10% $ 93,696 Prompt Corrective Action . The Federal Deposit Insurance Corporation Improvement Act of 1991 (“FDICIA”) requires the federal regulators to take prompt corrective action against any undercapitalized institution. Five capital categories have been established under federal banking regulations : well-capitalized, adequately capitalized, undercapitalized, significantly undercapitalized and critically undercapitalized. Well-capitalized institutions significantly exceed the required minimum level for each relevant capital measure. Adeq uately capitalized institutions include depository institutions that meet but do not significantly exceed the required minimum level for each relevant capital measure. Undercapitalized institutions consist of those that fail to meet the required minimum le vel for one or more relevant capital measures. Significantly undercapitalized characterizes depository institutions with capital levels significantly below the minimum requirements for any relevant capital measure. Critically undercapitalized refers to d epository institutions with minimal capital and at serious risk for government seizure. Under certain circumstances, a well-capitalized, adequately capitalized or undercapitalized institution may be treated as if the institution were in the next lower cap ital category. A depository institution is generally prohibited from making capital distributions, including paying dividends, or paying management fees to a holding company if the institution would thereafter be undercapitalized. Institutions that are a dequately capitalized but not well-capitalized cannot accept, renew or roll over brokered deposits except with a waiver from the FDIC and are subject to restrictions on the interest rates that can be paid on such deposits. Undercapitalized institutions may not accept, renew or roll over brokered deposits. The federal bank regulatory agencies are permitted or, in certain cases, required to take certain actions with respect to institutions falling within one of the three undercapitalized categories. Dependi ng on the level of an institution’s capital, the agency’s corrective powers include, among other things: • prohibiting the payment of principal and interest on subordinated debt; • prohibiting the holding company from making distributions without prior r egulatory approval; • placing limits on asset growth and restrictions on activities; • placing additional restrictions on transactions with affiliates; • restricting the interest rate the institution may pay on deposits; • prohibiting the institution from accepting deposits from correspondent banks; and • in the most severe cases, appointing a conservator or receiver for the institution. A banking institution that is undercapitalized is required to submit a capital restoration plan, and such a plan will not be accepted unless, among other things, the banking institution’s holding company guarantees the plan up to a certain specified amount. Any such guarantee from a depository institution’s holding company is entitled to a priority of payment in bankruptcy. MBB’s total risk-based capital ratio of 16.16% at March 31, 2020 exceeded the threshold for “well ca pitalized” status under the applicable laws and regulations . Dividends . The Federal Reserve Board has issued policy statements requiring insured banks and bank holding companies to have an established assessment process for maintaining capital commensurate with their overall risk profile. Such assessment process may affect the ability of the organizations to pay dividends. Although generally organizations ma y pay dividends only out of current operating earnings, dividends may be paid if the distribution is prudent relative to the organization’s financial position and risk profile, after consideration of current and prospective economic conditions.

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 31, 2020
Stock-Based Compensation [Abstract]
Stock-Based Compensation	NOTE 14 – Stock-Based Compensation Awards for Stock-Based Compensation are governed by the Company’s 2003 Equity Compensation Plan, as amended (the “2003 Plan”), the Company’s 2014 Equity Compensation Plan (approved by the Company’s shareholders on June 3, 2014) (the “2014 Plan”) and the Co mpany’s 2019 Equity Compensation Plan (approved by the Company’s shareholders on May 30, 2019) (the “2019 Plan” and, together with the 2014 Plan and the 2003 Plan, the “Equity Compensation Plans”). Under the terms of the Equity Compensation Plans, employee s, certain consultants and advisors and non-employee members of the Company’s Board of Directors have the opportunity to receive incentive and nonqualified grants of stock options, stock appreciation rights, restricted stock and other equity-based awards a s approved by the Company’s Board of Directors. These award programs are used to attract, retain and motivate employees and to encourage individuals in key management roles to retain stock. The Company has a policy of issuing new shares to satisfy awards under the Equity Compensation Plans. The aggregate number of shares under the 2019 Plan that may be issued for Grants is 826,036 . There were 573,981 shares available for future grants under the 201 9 Plan as of March 31, 2020 . Total stock-based compensation expense was $ 0.5 million and $ 0.9 million for the three -month periods ended March 31, 2020 and March 31, 2019 , respectively. Excess tax deficit for the three -month period ended March 31, 2020 was $0.4 million. Excess tax benefits for the three -month period ended March 31, 2019 was less than $0.1 million. Stock Options Option awards are generally granted with an exercise price equal to the market price of the Company’s stock at the date of the grant and have 7 year contractual terms. All options issued contain service conditions based on the participant’s continued serv ice with the Company and provide for accelerated vesting if there is a change in control as defined in the Equity Compensation Plans . Employee stock options generally vest over three to four years. There were no stock options granted duri ng the three-month periods ended March 31, 2020 and March 31, 2019 , respectively. A summary of option activity for the three-month period ended March 31, 2020 follows: Weighted Average Number of Exercise Price Options Shares Per Share Outstanding, December 31, 2019 135,159 $ 26.79 Granted — — Exercised — — Forfeited (3,929) 27.31 Expired (7,097) 26.36 Outstanding, March 31, 2020 124,133 26.80 During each three -month period ended March 31, 2020 and March 31, 2019 , the Company recognize d compensation expense related to options of $ 0.1 million . There were no stock options exercised during the three-month periods ended March 31, 2020 and March 31, 2019 . The following table summarizes information about the stock options outstanding and exercisable as of March 31, 2020 . Options Outstanding Options Exercisable Weighted Weighted Aggregate Weighted Weighted Aggregate Average Average Intrinsic Average Average Intrinsic Range of Number Remaining Exercise Value Number Remaining Exercise Value Exercise Prices Outstanding Life (Years ) Price (In thousands) Exercisable Life (Years ) Price (In thousands) $ 25.75 71,766 4.0 $ 25.75 $ — 71,766 4.0 $ 25.75 — $ 28.25 52,367 5.0 $ 28.25 $ — 35,317 5.0 $ 28.25 $ — 124,133 4.4 $ 26.80 $ — 107,083 4.3 $ 26.57 $ — The aggregate intrinsic value in the preceding table represents the total pretax intrinsic value, based on the Company’s closing stock price of $11.17 as of March 31, 2020 , which would have been received by the option holders had all option holders exercised their options as of that date. As of March 31, 2020 , the re was $ 0.1 million of unrecognized compensation cost related to non-vested stock options not yet recognized in the Consolidated Statements of Operations scheduled to be recogniz ed over a weighted average period of 1.0 year . Restricted Stock Awards The Company’s r estricted stock awards provide that, during the applicable vesting periods, the shares awarded may not be sold or transferred by the participant. The vesting period for restricted stock awards generally ranges from three to seven years. A ll awards issued contain service conditions based on the participant’s continued service with the Company and may provide for accelerated vesting if there is a change in control as defined in the Equity Compensation Plans. The vesting of certain restric ted shares may be accelerated to a minimum of three years based on achievement of various individual performance measures. Acceleration of expense for awards based on individual performance factors occurs when the achievement of the performance criteria is determined. Vesting was accelerated in 2019 on certain awards based on the achievement of certain performance criteria determined annually, as described below. The Company also issues restricted stock to non-em ployee independent directors. These shares generally vest in seven years from the grant date or six months following the director’s termination from Board of Directors service. The following table summarizes the activity of the non-vested restricted stock during the three - month period ended March 31, 2020 : Weighted Average Grant-Date Non-vested restricted stock Shares Fair Value Outstanding at December 31, 2019 143,935 $ 21.88 Granted — 0.00 Vested (11,973) 18.83 Forfeited (550) 25.88 Outstanding at March 31, 2020 131,412 22.14 During the three-month period ended March 31, 2020 there were no restricted stock awards granted. During the three-month period ended March 31, 2019 , the Company granted restricted stock awards with a grant date fair values totaling less than $ 0.1 million. As vesting occurs, or is deemed likely to occur, compensation expense is recognized over the requisite service period and additional paid-in capital is increased. The Company recognized $ 0.1 million and $ 0.3 million of compensation expense related to restricted stock for the three-month periods ended March 31, 2020 and March 31, 2019 , respectively. Of the $ 0.1 million total compensation expense related to restricted stock for the three -month period ended March 31, 2020 , no expense was related to accelerated vesting based on achievement of certain performance criteria determined annually. Of the $ 0.3 million total compensation expense related to restricted stock for the three -month period ended March 31, 2019 , approximately $ 0.1 million related to accelerated vesting based on the achievement of certain performance criteria determined annually. As of March 31, 2020 , there was $ 1.3 million of unrecognized compensation cost related to non-vested restricted stock compensation scheduled to be recognized over a weighted average period of 4.3 years. The fair value of shares that vested during the three -month periods ended March 31, 2020 and March 31, 2019 was $ 0.2 million and $ 0.7 m illion, respectively. Restricted Stock Units Restricted stock units (“RSUs”) are granted with vesting conditions based on fulfillment of a service condition (generally three to four years from the grant date) and may also require achievement of certain operating performance criteria or achievement of certain market-based targets associated with the Company’s stock price. For those awards subject to achievement of certain market performance criteria, the market based target measurement period begins one year from the grant date and ends three years fro m the grant date. Expense for equity based awards with market and service conditions is recognized over the service period based on the grant-date fair value of the award. The following tables summarize restricted stock unit activity for the three -mo nth period ended March 31, 2020 : Weighted Average Number of Grant-Date Performance-based & market-based RSUs RSUs Fair Value Outstanding at December 31, 2019 257,476 $ 18.00 Granted 95,758 17.55 Forfeited (5,081) 23.99 Converted (13,810) 25.75 Cancelled due to non-achievement of performance condition (30,390) 25.65 Outstanding at March 31, 2020 303,953 16.64 Service-based RSUs Outstanding at December 31, 2019 99,951 $ 23.59 Granted 69,422 20.43 Forfeited (4,480) 23.69 Converted (39,879) 24.30 Outstanding at March 31, 2020 125,014 21.61 There were no RSUs with vesting conditions based solely on market conditions granted during the three-month periods ended March 31, 2020 and March 31, 2019, respectively . The weighted average grant-date fair value of RSUs with both performance and market based vesting conditions granted during the three -month period s ended March 31, 2020 and March 31, 2019 was $ 12.90 and 12.9 1 per unit, respectively . The weighted average grant date fair value of these market based RSUs was estimated using a Monte Carlo simulation valuation model with the following assumptions: Three Months Ended March 31, 2020 2019 Grant date stock price $ 20.43 $ 21.50 Risk-free interest rate 1.40 % 2.16 % Expected volatility 26.18 % 26.68 % The risk free interest rate reflected the yield on zero coupon Treasury securities with a term approximating the expected life of the RSUs. The expected volatility was based on historical volatility of the Company’s common stock. Dividend yield was assumed at zero as the grant assumes dividends distributed during the performance period are reinvested. When valuing the grant, we have assumed a dividend yield of zero, which is mathematically equivalent to reinvesting dividends in the issuing entity. During t he three month periods ended March 31, 2020 and March 31, 2019 , the Company granted RSUs with grant-date fair values totaling $ 3 . 1 million and $3.4 million, respectively. The Company recognized $ 0.3 million and $ 0. 5 million of compensation expense relat ed to RSUs for the three month periods ended March 31, 2020 and March 31, 2019 , respectively . The fair value of restricted stock units that converted to shares of common stock during both the three month periods ended March 31, 2020 and March 31, 2019 was $0. 6 million, respectively. As of March 31, 2020 , there was $ 4. 7 million of unrecognized compensation cost related to RSUs scheduled to be recognized over a weighted average period of 1 . 9 years based on the most probable performance assump tions . In the event maximum performance targets are achieved, an additional $ 5.0 million of compensation cost would be recognized over a weighted average period of 2.3 years. As of March 31, 20 20 182,181 performance units are expected to convert to shares of common stock based on the most probable performance assumptions. In the event maximum performance targets are achieved 514,957 perf or ma n ce units would convert to shares of common stock.

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2020
Subsequent Events [Abstract]
Events Subsequent to Year-End	NOTE 15 – Subsequent Events The Company declared a dividend of $0.14 per share on April 30, 2020 . The quarterly dividend, which is expected to result in a dividend payment of approximately $1.7 million, is scheduled to be paid on May 21, 2020 to shareholders of record on the close of business on May 11, 2020 . It r epresents the Company’s thirty-fifth consecutive quarterly cash dividend. The payment of future dividends will be subject to approval by the Company’s Board of Directors . In addition, see Note 6— Allowanc e for Credit Losses for discussion of the v olume of payment deferral contract modification requests approved subsequent to March 31, 2020.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2020
Summary of Significant Accounting Policies [Abstract]
Basis of financial statement presentation	Basis of financial statement presentation. The unaudited consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. MLC and MBB are managed together as a single business segment and are aggregated for financial reporting purposes as they exhibit simil ar economic characteristics, share the same leasing and loan portfolio and have a single consolidated product offering platform . All intercompany accounts and transactions have been eliminated in consolidation. The accompanying unaudited consolidated fina ncial statements present the Company’s financial position at March 31, 2020 and the results of operations for the three- month periods ended March 31, 2020 and 2019 , and cash flows for the three -month periods ended March 31, 2020 and 2019 . In management’s opinion, the unaudited consolidated financial statements contain all adjustments, which include normal and recurring adjustments, necessary for a fair presentation of the financial position and results of operations for the i nterim periods presented. These unaudited consolidated financial statements should be read in conjunction with the consolidated financial statements and note disclosures included in the Company’s Form 10-K for the year ended December 31, 201 9 , filed with the Securities and Exchange Commission (“SEC”) on March 13 , 20 20 . The consolidated results and statements of cash flows for the se interim financial statements are not necessarily indicative of the results of operations or cash flows for the respective full years or any other period.
Use of Estimates	Use of Estimates. These unaudited consolidated financial statement s require management to make estimates and assumptions that aff ect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Estimates are used when accounting for income recognition, the residual values of leased equipment, the allowance for credit losses, deferred initial direct costs and fees, late fee receivables, the fair value of financial instruments, estimated losses from insurance program, and income ta xes. Actual results could differ from those estimates.
Provision for income taxes	Provision for income taxes. Income tax benefit of $ 7.4 million was recorded for the three-month period ended March 31, 2020 , compared to expense of $1.6 million for the t hree-month period ended March 31, 2019 . For the three-month period ended March 31, 2020 , the income tax benefit includes a $ 3.2 million discrete benefit, related to remeasuring our federal net operating losses, driven by certain provisions in the CARES Act. Our statutory tax rate, which is a combination of federal and state income tax rates, was approximately 23.9 % for both periods. However, our effective tax rate was 38.6% for the three-month period ended March 31, 2020 , driven by the recognition of t he discrete benefit.
Credit Losses	Credit Losses. In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Ins truments , which changes the methodology for evaluating impairment of most financial instruments. This guidance was subsequently amended by ASU 2018-19, Codification Improvements, ASU 2019-04, Codification Improvements , ASU 2019-05, Targeted Transition Relief, ASU 2019-10, Effective Dates, and ASU 2019-11, Codification Improvements . These ASUs are refe rred to collectively as “CECL”. CECL replaces the probable, incurred loss model with a measurement of expected credit losses for the contractual term of the Company’s current portfolio of loans and leases. After the adoption of CECL, a n allowance, or estimate of credit losses, will be recognized immediately upon the origination of a loan or lease, and will be adjusted in each subseque nt reporting period. This estimate of credit losses takes into consideration all cashflows the Company expects to receive or derive from the pools of contracts, including recoveries after charge-off, amounts related to initial direct cost and origination costs net of fees deferred, accrued interest receivable and certain future cashflows from residual assets. The Company had previously recognized residual income within Fee Income in its Consolidated Statement s of Operations; the adoption of CECL results in such residual income being captured as a component of the activity of the allowance. The Company’s policy for charging off contracts against the allowance, and non-accrual policy are not impacted by the adoption of CECL. The provision for credit losses recognized in the Consolidated S tatement s of Operations under CECL will be primarily driven by originations, offset by the reversal of the allowance for any contracts sold, plus any amounts of realized cashflows, such as charge - offs, above or below our modeled estimates, plus adjustments for changes in estimate each subsequent reporting period. Estimating an allowance under CECL requires the Company to develop and maintain a consistent systematic methodology to measure the estimated credit losses inherent in its current portfolio, over the entire life of the contracts. The Company assesses the appropriate collective, or pool, basis to use to aggregate its portfolio based on the existence of similar risk characteristics and determined that i ts measurement begins by separately considering segments of financing receivables, which is similar to how it has historically analyzed its allowance for credit losses: (i) equipment finance lease and loan; (ii) working capital loans; (iii) commercial vehi cles “CVG”; and (iv) Community Reinvestment Act. However, these classes of receivables are further disaggregated into pools of loans based on risk characteristics that may include: lease or loan type, origination channel, and internal credit score (which is a measurement that combines many risk characteristics, including loan size, external credit scores, existence of a guarantee, and various characteristics of the borrower’s business). As part of our analysis of expected credit losses, we may analyze c ontracts on an individual basis, or create additional pools of contracts, in situations where such loans exhibit unique risk characteristics and are no longer expected to experience similar losses to the rest of their pool. As part of its estimate of ex pected credit losses, specific to each measurement date, management considers relevant qualitative and quantitative factors to assess whether the historical loss experience being referenced should be adjusted to better reflect the risk characteristics of t he current portfolio and the expected future loss experience for the life of these contracts. This assessment incorporates all available information relevant to considering the collectability of its current portfolio, including considering economic and bu siness conditions, default trends, changes in its portfolio composition, changes in its lending policies and practices, among other internal and external factors. The Company adopted the guidance in these ASUs, effective January 1, 2020, applying changes resulting from the application of the new standard’s provisions as a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is effective (i.e., modified retrospective approach). The adopt ion of this standard resulted in the following adjustment to the Company’s Consolidated Balance Sheets: Balance as of Balance as of December 31, Adoption January 1, 2019 Impact 2020 (Dollars in thousands) Assets: Net investment in leases and loans $ 1,028,215 $ — $ 1,028,215 Allowance for credit losses (21,695) (11,908) (33,603) Total net investment in leases and loans 1,006,520 994,612 Liabilities: Net deferred income tax liability 30,828 (3,031) 27,797 Stockholders' Equity: Retained Earnings 135,112 (8,877) 126,235 See Note 6 – Allowance for Credit Losses , for further discussion of the January 1, 2020 measurement of allowance under CECL, as well as discussion of the Company’s new Accounting Policy governing its Allowance. See Note 13 – Stockholders’ Equity , for discussion of the Company’s election to de lay for two-years the effect of CECL on regulatory capital, followed by a three-year phase-in for a five-year total transition. In addition, as a result of adoption this standard, future measurements of the impairment of our investment securities will i ncorporate the guidance in these ASUs, including analyzing any decline in fair value between credit quality-driven factors versus other factors. There was no impact as of the adoption date to our investment securities.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2020
Accounting Standards Update 2016-13 [Member]
Adoption of standard resulted in adjustment to Company's Balance Sheets	Balance as of Balance as of December 31, Adoption January 1, 2019 Impact 2020 (Dollars in thousands) Assets: Net investment in leases and loans $ 1,028,215 $ — $ 1,028,215 Allowance for credit losses (21,695) (11,908) (33,603) Total net investment in leases and loans 1,006,520 994,612 Liabilities: Net deferred income tax liability 30,828 (3,031) 27,797 Stockholders' Equity: Retained Earnings 135,112 (8,877) 126,235

Non-Interest Income (Tables)

Non-Interest Income (Tables)	3 Months Ended
	Mar. 31, 2020
Noninterest Income [Abstract]
Summary of non-interest income	Three Months Ended March 31, (dollars in thousands) 2020 2019 Insurance premiums written and earned $ 2,282 $ 2,132 Gain on sale of leases and loans 2,282 3,612 Other income: Property tax income 5,504 5,643 Servicing income 566 287 Net gain (loss) recognized on equity securities 58 43 Non-interest income within the scope of other GAAP topics 10,692 11,717 Other income: Insurance policy fees 918 668 Property tax administrative fees on leases 234 268 ACH payment fees 72 86 Referral fees 94 155 Other 193 54 Non-interest income from contracts with customers 1,511 1,231 Total non-interest income $ 12,203 $ 12,948

Investment Securties (Tables)

Investment Securties (Tables)	3 Months Ended
	Mar. 31, 2020
Investment securities [Abstract]
Investment Securities Summary [Table Text Block]	March 31, December 31, 2020 2019 (Dollars in thousands) Equity Securities Mutual fund $ 3,692 $ 3,615 Debt Securities, Available for Sale: Asset-backed securities ("ABS") 4,135 4,332 Municipal securities 2,653 3,129 Total investment securities $ 10,480 $ 11,076
Equity Securities, FV-NI [Table Text Block]	Three months ended (Dollars in thousands) March 31, 2020 March 31, 2019 Net gains and (losses) recognized during the period on equity securities $ 58 $ 43 Less: Net gains and (losses) recognized during the period on equity securities sold during the period — — Unrealized gains and (losses) recognized during the reporting period on equity securities still held at the reporting date $ 58 $ 43
Summary of available for sale investments [Table Text Block]	March 31, 2020 Gross Gross Amortized Unrealized Unrealized Estimated Cost Gains Losses Fair Value (Dollars in thousands) ABS $ 4,074 $ 61 $ — $ 4,135 Municipal securities 2,664 14 (25) 2,653 Total Debt Securities, Available for Sale $ 6,738 $ 75 $ (25) $ 6,788 December 31, 2019 Gross Gross Amortized Unrealized Unrealized Estimated Cost Gains Losses Fair Value (Dollars in thousands) ABS $ 4,302 $ 33 $ (3) $ 4,332 Municipal securities 3,058 71 — 3,129 Total Debt Securities, Available for Sale $ 7,360 $ 104 $ (3) $ 7,461
Schedule of Unrealized Loss on Investments [Table Text Block]	March 31, 2020 Less than 12 months 12 months or longer Total Gross Gross Gross Unrealized Fair Unrealized Fair Unrealized Fair Losses Value Losses Value Losses Value (Dollars in thousands) Municipal securities $ (25) $ 1,834 $ — $ — $ (25) $ 1,834 Total available for sale investment securities $ (25) $ 1,834 $ — $ — $ (25) $ 1,834 December 31, 2019 Less than 12 months 12 months or longer Total Gross Gross Gross Unrealized Fair Unrealized Fair Unrealized Fair Losses Value Losses Value Losses Value (Dollars in thousands) ABS $ — $ — $ (3) $ 430 $ (3) $ 430 Total available for sale investment securities $ — $ — $ (3) $ 430 $ (3) $ 430
Investments Classified By Contractual Maturity Date [Table Text Block]	Distribution of Maturities 1 Year Over 1 to Over 5 to Over 10 or Less 5 Years 10 Years Years Total (Dollars in thousands) Amortized Cost: ABS $ — $ 2,427 $ 1,647 $ — $ 4,074 Municipal securities 15 34 756 1,859 2,664 Total available for sale investments $ 15 $ 2,461 $ 2,403 $ 1,859 $ 6,738 Estimated fair value $ 15 $ 2,501 $ 2,413 $ 1,859 $ 6,788 Weighted-average yield, GAAP basis 4.75% 2.02% 1.81% 2.58% 2.42%

Net Investment in Leases and _2

Net Investment in Leases and Loans (Tables)	3 Months Ended
	Mar. 31, 2020
Net Investment in Leases and Loans [Abstract]
Net investment in leases and loans	March 31, 2020 December 31, 2019 (Dollars in thousands) Minimum lease payments receivable $ 434,841 $ 457,602 Estimated residual value of equipment 29,464 29,342 Unearned lease income, net of initial direct costs and fees deferred (56,645) (59,746) Security deposits (512) (590) Total leases 407,148 426,608 Commercial loans, net of origination costs and fees deferred Working Capital Loans 59,012 60,942 CRA (1) 1,410 1,398 Equipment loans (2) 481,000 464,655 CVG 73,566 74,612 Total commercial loans 614,988 601,607 Net investment in leases and loans, excluding allowance 1,022,136 1,028,215 Allowance for credit losses (52,060) (21,695) $ 970,076 $ 1,006,520 ________________________ (1) CRA loans are comprised of loans originated under a line of credit to satisfy its obligations under the Community Reinvestment Act of 1977. (2) Equipment loans are comprised of Equipment Finance Agreements, Installment Purchase Agreements and other loans.
Maturities of lease receivables under lease contracts and the amortization of unearned lease income	Minimum Lease Payments Net Income Receivable (1) Amortization (2) (Dollars in thousands) Period Ending December 31, Remainder of 2020 $ 132,867 $ 22,664 2021 137,907 18,737 2022 90,158 9,728 2023 49,519 4,107 2024 20,660 1,140 Thereafter 3,730 269 $ 434,841 $ 56,645 ________________________ (1) Represents the undiscounted cash flows of the lease payments receivable. (2) Represents the difference between the undiscounted cash flows and the discounted cash flows .
Summary of information related to portfolio sales	Three Months Ended March 31, 2020 2019 (Dollars in thousands) Sales of leases and loans $ 22,929 $ 52,867 Gain on sale of leases and loans 2,282 3,612

Allowance for Credit Losses (Ta

Allowance for Credit Losses (Tables)	3 Months Ended
	Mar. 31, 2020
Allowance For Credit Losses [Abstract]
Summary of activity in the allowance for credit losses	Three Months Ended March 31, 2020 Commercial Leases and Loans (Dollars in thousands) Equipment Finance Working Capital Loans CVG CRA Total Allowance for credit losses, December 31, 2019 $ 18,334 $ 1,899 $ 1,462 $ — $ 21,695 Adoption of ASU 2016-13 (CECL) (1) 9,264 (3) 2,647 — 11,908 Allowance for credit losses, January 1, 2020 $ 27,598 $ 1,896 $ 4,109 $ — $ 33,603 Charge-offs (6,490) (1,279) (729) — (8,498) Recoveries 525 38 89 — 652 Net chargeoffs (5,965) (1,241) (640) — (7,846) Realized cashflows from Residual Income 1,153 - - — 1,153 Provision for credit losses 14,988 6,545 3,617 — 25,150 Allowance for credit losses, end of period $ 37,774 $ 7,200 $ 7,086 $ — $ 52,060 Net investment in leases and loans, before allowance $ 877,199 $ 59,012 $ 84,515 $ 1,410 $ 1,022,136 Three Months Ended March 31, 2019 Commercial Leases and Loans (Dollars in thousands) Equipment Finance Working Capital Loans CVG CRA Total Allowance for credit losses, beginning of period $ 13,531 $ 1,467 $ 1,102 $ — $ 16,100 Charge-offs (4,333) (673) (328) — (5,334) Recoveries 734 19 — — 753 Net charge-offs (3,599) (654) (328) — (4,581) Provision for credit losses 4,043 871 449 — 5,363 Allowance for credit losses, end of period $ 13,975 $ 1,684 $ 1,223 $ — $ 16,882 Net investment in leases and loans, before allowance $ 915,556 $ 43,210 $ 79,830 $ 1,476 $ 1,040,072 __________________ (1) The Company adopted ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments , which changed our accounting policy and estimated allowance, effective January 1, 2020. See further discussion in Note 2, Summary of Significant Accounting Policies, and below.
Information about delinquent leases and loans in the Company's portfolio	Portfolio by Origination Year as of March 31, 2020 Total 2020 2019 2018 2017 2016 Prior Receivables (Dollars in thousands) Equipment Finance 30-59 $ 179 $ 2,952 $ 1,803 $ 1,368 $ 512 $ 167 $ 6,981 60-89 — 1,428 1,304 767 319 73 3,891 90+ — 2,157 1,629 1,046 387 138 5,357 Total Past Due 179 6,537 4,736 3,181 1,218 378 16,229 Current (1) 110,762 372,522 207,521 114,189 44,511 11,465 860,970 Total 110,941 379,059 212,257 117,370 45,729 11,843 877,199 Working Capital 30-59 — 609 — — — — 609 60-89 — 16 — — — — 16 90+ — 23 26 — — — 49 Total Past Due — 648 26 — — — 674 Current (1) 21,388 35,947 965 38 — — 58,338 Total 21,388 36,595 991 38 — — 59,012 CVG 30-59 — 126 178 106 30 — 440 60-89 — 182 84 49 — — 315 90+ — 276 75 211 31 — 593 Total Past Due — 584 337 366 61 — 1,348 Current (1) 8,755 39,679 19,750 11,054 3,833 96 83,167 Total 8,755 40,263 20,087 11,420 3,894 96 84,515 CRA Total Past Due — — — — — — — Current 1,410 — — — — — 1,410 Total 1,410 — — — — — 1,410 Net investment in leases and loans, before allowance $ 142,494 $ 455,917 $ 233,335 $ 128,828 $ 49,623 $ 11,939 $ 1,022,136 Portfolio by Origination Year as of December 31, 2019 Total 2019 2018 2017 2016 2015 Prior Receivables (Dollars in thousands) Equipment Finance 30-59 $ 1,420 $ 1,755 $ 935 $ 454 $ 169 $ 17 $ 4,750 60-89 1,023 1,055 685 366 80 4 3,213 90+ 947 1,522 1,090 527 163 7 4,256 Total Past Due 3,390 4,332 2,710 1,347 412 28 12,219 Current 424,559 236,068 135,419 55,119 16,461 1,407 869,033 Total 427,949 240,400 138,129 56,466 16,873 1,435 881,252 Working Capital 30-59 566 18 — — — — 584 60-89 16 52 — — — — 68 90+ 203 — — — — — 203 Total Past Due 785 70 — — — — 855 Current 57,706 2,343 38 — — — 60,087 Total 58,491 2,413 38 — — — 60,942 CVG 30-59 50 126 90 99 — — 365 60-89 5 15 188 46 — — 254 90+ — 178 158 53 — — 389 Total Past Due 55 319 436 198 — — 1,008 Current 42,536 22,531 13,442 4,976 130 — 83,615 Total 42,591 22,850 13,878 5,174 130 — 84,623 CRA Total Past Due — — — — — — — Current 1,398 — — — — — 1,398 Total 1,398 — — — — — 1,398 Net investment in leases and loans, before allowance $ 530,429 $ 265,663 $ 152,045 $ 61,640 $ 17,003 $ 1,435 $ 1,028,215 _________________ (1) Current receivables include leases and loans that are in payment deferral status as part of the Company’s COVID-19 modification program. See further discussion above.
Information about non-accrual leases and loans	March 31, December 31, (Dollars in thousands) 2020 2019 Equipment Finance $ 5,357 $ 4,256 Working Capital Loans 755 946 CVG 593 389 Total Non-Accrual $ 6,705 $ 5,591

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2020
Goodwill and Intangible Assets [Abstract]
Schedule Of Goodwill	(Dollars in thousands) Total Company Balance at December 31, 2019 $ 6,735 Impairment of Goodwill (6,735) Balance at March 31, 2020 $ —
Schedule of Finite Lived Intangible Assets	(Dollars in thousands) Gross Carrying Accumulated Net Description Useful Life Amount Amortization Value Lender relationships 3 to 10 years $ 1,630 $ 551 $ 1,079 Vendor relationships 11 years 7,290 1,140 6,150 Corporate trade name 7 years 60 28 32 $ 8,980 $ 1,719 $ 7,261
Schedule of amortization expense for the next five years	The Company expects the amortization expense for the next five years will be as follows: (Dollars in thousands) Remainder of 2020 $ 599 2021 798 2022 798 2023 798 2024 790

Other Assets (Tables)

Other Assets (Tables)	3 Months Ended
	Mar. 31, 2020
Other Assets [Abstract]
Schedule of Other Assets	March 31, December 31, 2020 2019 (Dollars in thousands) Accrued fees receivable $ 3,683 $ 3,509 Prepaid expenses 2,853 2,872 Income taxes receivable (1) 6,877 — Federal Reserve Bank Stock 1,711 1,711 Other 2,341 2,361 $ 17,465 $ 10,453 _______________________ (1) See Note 2 – Summary of Significant Accounting Policies, for discussion of the Provision for income taxes.

Deposits (Tables)

Deposits (Tables)	3 Months Ended
	Mar. 31, 2020
Deposits [Abstract]
Schedule of maturities of certificates of deposits	Scheduled Maturities (Dollars in thousands) Period Ending December 31, Remainder of 2020 $ 387,922 2021 265,743 2022 134,233 2023 66,915 2024 28,046 Thereafter 6,927 Total $ 889,786

Debt and Financing Arrangemen_2

Debt and Financing Arrangements (Tables)	3 Months Ended
	Mar. 31, 2020
Debt and Financing Arrangements [Abstract]
Schedule of balance of long-term borrowings	March 31, December 31, 2020 2019 (Dollars in thousands) Term securitization 2018-1 $ 62,555 $ 76,563 Unamortized debt issuance costs (362) (472) $ 62,193 $ 76,091
Schedule of term note securitization	The term note securitization is summarized below: Outstanding Balance as of Notes Final Original March 31, December 31, Originally Maturity Coupon 2020 2019 Issued Date Rate (Dollars in thousands) 2018 — 1 Class A-1 $ — $ — $ 77,400 July, 2019 2.55 % Class A-2 — 8,013 55,700 October, 2020 3.05 Class A-3 30,915 36,910 36,910 April, 2023 3.36 Class B 10,400 10,400 10,400 May, 2023 3.54 Class C 11,390 11,390 11,390 June, 2023 3.70 Class D 5,470 5,470 5,470 July, 2023 3.99 Class E 4,380 4,380 4,380 May, 2025 5.02 Total Term Note Securitizations $ 62,555 $ 76,563 $ 201,650 3.05 % (1)(2) (1) Represents the original weighted average initial coupon rate for all tranches of the securitization. In addition to this coupon interest, term note securitizations have other transaction costs which are amortized over the life of the borrowings as additional interest expense. ( 2 ) The weighted average coupon rate of the 2018-1 term note securitization will approximate 3.62 % over the remaining term of the borrowing.
Scheduled principal and interest payments on outstanding borrowings	Scheduled principal and interest payments on outstanding borrowings as of March 31, 2020 are as follows: Principal Interest (Dollars in thousands) Period Ending December 31, Remainder of 2020 $ 30,344 $ 1,342 2021 23,629 813 2022 8,582 159 $ 62,555 $ 2,314

Fair Value Measurements and D_2

Fair Value Measurements and Disclosures about the Fair Value of Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2020
Fair Value Measurements And Disclosures About Fair Value Of Financial Instruments [Abstract]
Schedule of balances measured at fair value on a recurring basis	March 31, 2020 December 31, 2019 Fair Value Measurements Using Fair Value Measurements Using Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 (Dollars in thousands) Assets ABS $ — $ 4,135 $ — $ — $ 4,332 $ — Municipal securities — 2,653 — — 3,129 — Mutual fund 3,692 — — 3,615 — —
Schedule of Carrying Amount and Estimated Fair Value of Financial Instruments	March 31, 2020 December 31, 2019 Carrying Fair Carrying Fair Amount Value Amount Value (Dollars in thousands) Financial Assets Cash and cash equivalents $ 211,070 $ 211,070 $ 123,096 $ 123,096 Time deposits with banks 13,664 13,094 12,927 12,970 Restricted interest-earning deposits with banks 6,474 6,474 6,931 6,931 Loans, net of allowance 580,244 558,584 588,688 593,406 Federal Reserve Bank Stock 1,711 1,711 1,711 1,711 Financial Liabilities Deposits $ 941,996 $ 952,958 $ 839,132 $ 846,304 Long-term borrowings 62,193 62,841 76,091 76,781

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
Schedule of net income and shares used in computing basic and diluted EPS	Three Months Ended March 31, 2020 2019 (Dollars in thousands, except per-share data) Basic EPS Net (loss) income $ (11,821) $ 5,141 Less: net income allocated to participating securities — (72) Net (loss) income allocated to common stock $ (11,821) $ 5,069 Weighted average common shares outstanding 12,014,396 12,337,730 Less: Unvested restricted stock awards considered participating securities (138,249) (172,084) Adjusted weighted average common shares used in computing basic EPS 11,876,147 12,165,646 Basic (loss) earnings per share $ (1.00) $ 0.42 Diluted EPS Net (loss) income allocated to common stock $ (11,821) $ 5,069 Adjusted weighted average common shares used in computing basic EPS 11,876,147 12,165,646 Add: Effect of dilutive stock-based compensation awards — 86,470 Adjusted weighted average common shares used in computing diluted EPS 11,876,147 12,252,116 Diluted (loss) earnings per share $ (1.00) $ 0.41

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	3 Months Ended
	Mar. 31, 2020
Stockholders' Equity [Abstract]
Schedule of Tier 1 leverage ratio, common equity Tier 1 risk-based capital ratio, Tier 1 risk-based capital ratio and total risk-based capital ratio	Minimum Capital Well-Capitalized Capital Actual Requirement Requirement Ratio Amount Ratio Amount Ratio Amount (Dollars in thousands) Tier 1 Leverage Capital Marlin Business Services Corp. 16.18% $ 194,700 4% $ 48,137 5% $ 60,171 Marlin Business Bank 13.27% $ 139,242 4% $ 41,961 5% $ 52,451 Common Equity Tier 1 Risk-Based Capital Marlin Business Services Corp. 18.64% $ 194,700 4.5% $ 47,004 6.5% $ 67,894 Marlin Business Bank 14.86% $ 139,242 4.5% $ 42,163 6.5% $ 60,902 Tier 1 Risk-based Capital Marlin Business Services Corp. 18.64% $ 194,700 6% $ 62,672 8% $ 83,562 Marlin Business Bank 14.86% $ 139,242 6% $ 56,217 8% $ 74,957 Total Risk-based Capital Marlin Business Services Corp. 19.94% $ 208,238 8% $ 83,562 10% $ 104,453 Marlin Business Bank 16.16% $ 151,425 8% $ 74,957 10% $ 93,696

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2020
Stock-Based Compensation [Abstract]
Schedule of Stock Options Activity	A summary of option activity for the three-month period ended March 31, 2020 follows: Weighted Average Number of Exercise Price Options Shares Per Share Outstanding, December 31, 2019 135,159 $ 26.79 Granted — — Exercised — — Forfeited (3,929) 27.31 Expired (7,097) 26.36 Outstanding, March 31, 2020 124,133 26.80
Schedule of information about the stock options outstanding and exercisable	Options Outstanding Options Exercisable Weighted Weighted Aggregate Weighted Weighted Aggregate Average Average Intrinsic Average Average Intrinsic Range of Number Remaining Exercise Value Number Remaining Exercise Value Exercise Prices Outstanding Life (Years ) Price (In thousands) Exercisable Life (Years ) Price (In thousands) $ 25.75 71,766 4.0 $ 25.75 $ — 71,766 4.0 $ 25.75 — $ 28.25 52,367 5.0 $ 28.25 $ — 35,317 5.0 $ 28.25 $ — 124,133 4.4 $ 26.80 $ — 107,083 4.3 $ 26.57 $ —
Schedule of activity of non-vested restricted stock	Weighted Average Grant-Date Non-vested restricted stock Shares Fair Value Outstanding at December 31, 2019 143,935 $ 21.88 Granted — 0.00 Vested (11,973) 18.83 Forfeited (550) 25.88 Outstanding at March 31, 2020 131,412 22.14
Schedule of restricted stock unit activity	Weighted Average Number of Grant-Date Performance-based & market-based RSUs RSUs Fair Value Outstanding at December 31, 2019 257,476 $ 18.00 Granted 95,758 17.55 Forfeited (5,081) 23.99 Converted (13,810) 25.75 Cancelled due to non-achievement of performance condition (30,390) 25.65 Outstanding at March 31, 2020 303,953 16.64 Service-based RSUs Outstanding at December 31, 2019 99,951 $ 23.59 Granted 69,422 20.43 Forfeited (4,480) 23.69 Converted (39,879) 24.30 Outstanding at March 31, 2020 125,014 21.61
Schedule of Monte Carlo Valuation Assumptions	Three Months Ended March 31, 2020 2019 Grant date stock price $ 20.43 $ 21.50 Risk-free interest rate 1.40 % 2.16 % Expected volatility 26.18 % 26.68 %

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Summary of Significant Accounting Policies [Abstract]
Income tax (benefit) expense	$ (7,434)	$ 1,602
Other income tax (benefit)	$ (3,200)
Statutory tax rate	23.90%	23.90%
Effective Income Tax Rate Reconciliation, Percent	38.60%

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Recently Adopted Accounting Standards (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019	Dec. 31, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net investment in leases and loans	$ 1,022,136	$ 1,028,215	$ 1,040,072
Allowance for Credit Losses	(52,060)	(21,695)	$ (16,882)	$ (16,100)
Total net investment in leases and loans	970,076	1,006,520
Net deferred income tax liability	25,677	30,828
Retained earnings	$ 112,704	135,112
Accounting Standards Update 2016-13 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net investment in leases and loans		1,028,215
Allowance for Credit Losses		(33,603)
Total net investment in leases and loans		994,612
Net deferred income tax liability		27,797
Retained earnings		126,235
Accounting Standards Update 2016-13 [Member] | Adoption Impact [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net investment in leases and loans		0
Allowance for Credit Losses		(11,908)
Net deferred income tax liability		(3,031)
Retained earnings		$ (8,877)

Non-Interest Income (Details)

Non-Interest Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Noninterest Income [Abstract]
Insurance premiums written and earned	$ 2,282	$ 2,132
Gain on sale of leases and loans	2,282	3,612
Property tax income	5,504	5,643
Servicing income	566	287
Net gains and (losses) recognized during the period on equity securities	58	43
Non-interest income within the scope of other GAAP topics	10,692	11,717
Insurance policy fees	918	668
Property tax administrative fees on leases	234	268
ACH payment fees	72	86
Referral fees	94	155
Other	193	54
Non-interest income from contracts with customers	1,511	1,231
Non-interest income	$ 12,203	$ 12,948

Investment Securities (Details)

Investment Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Debt Securities Available-for-sale [Line Items]
Investment securities	$ 10,480	$ 11,076
Mutual Fund [Member]
Debt Securities Available-for-sale [Line Items]
Investment securities	3,692	3,615
Asset Backed Securities [Member]
Debt Securities Available-for-sale [Line Items]
Investment securities	4,135	4,332
Municipal Securities [Member]
Debt Securities Available-for-sale [Line Items]
Investment securities	$ 2,653	$ 3,129

Investment Securities - Schedul

Investment Securities - Schedule of changes in fair value of Equity securities (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Equity Securities, FV-NI, Gain (Loss) [Abstract]
Net gains and (losses) recognized during the period on equity securities	$ 58	$ 43
Unrealized gains and (losses) recognized during the reporting period on equity securities still held at the reporting date	$ 58	$ 43

Investment Securities - Sched_2

Investment Securities - Schedule of available for sale investments (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Debt Securities Available-for-sale [Line Items]
Amortized cost	$ 6,738
Estimated Fair Value	10,480	$ 11,076
Debt Securities [Member]
Debt Securities Available-for-sale [Line Items]
Amortized cost	6,738	7,360
Gross Unrealized Gains	75	104
Gross Unrealized Loss	(25)	(3)
Estimated Fair Value	6,788	7,461
ABS [Member]
Debt Securities Available-for-sale [Line Items]
Amortized cost	4,074	4,302
Gross Unrealized Gains	61	33
Gross Unrealized Loss	0	(3)
Estimated Fair Value	4,135	4,332
Municipal Bonds [Member]
Debt Securities Available-for-sale [Line Items]
Amortized cost	2,664	3,058
Gross Unrealized Gains	14	71
Gross Unrealized Loss	(25)	0
Estimated Fair Value	$ 2,653	$ 3,129

Investment Securities - Gross U

Investment Securities - Gross Unrealized Loss and Fair Value of Securities Available for Sale (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Debt Securities Available-for-sale [Line Items]
Gross Unrealized Losses, Less than 12 months	$ (25)	$ 0
Fair Value, Less than 12 months	1,834	0
Gross Unrealized Losses, 12 months or longer	0	(3)
Fair Value, 12 months or longer	0	430
Gross Unrealized Losses, Total	(25)	(3)
Fair Value, Total	1,834	430
ABS [Member]
Debt Securities Available-for-sale [Line Items]
Gross Unrealized Losses, Less than 12 months		0
Fair Value, Less than 12 months		0
Gross Unrealized Losses, 12 months or longer		(3)
Fair Value, 12 months or longer		430
Gross Unrealized Losses, Total		(3)
Fair Value, Total		$ 430
Municipal Securities [Member]
Debt Securities Available-for-sale [Line Items]
Gross Unrealized Losses, Less than 12 months	(25)
Fair Value, Less than 12 months	1,834
Gross Unrealized Losses, 12 months or longer	0
Fair Value, 12 months or longer	0
Gross Unrealized Losses, Total	(25)
Fair Value, Total	$ 1,834

Investment Securities - Contrac

Investment Securities - Contractual Maturity of Debt Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Debt Securities Available-for-sale [Line Items]
Amortized cost, 1 year or less	$ 15
Amortized Cost, Over 1 to 5 Years	2,461
Amortized Cost, Over 5 to 10 Years	2,403
Amortized Cost, Over 10 Years	1,859
Amortized Cost Basis, Total	6,738
Estimated fair value, 1 Year or Less	15
Estimated fair value, Over 1 to 5 Years	2,501
Estimated fair value, Over 5 to 10 Years	2,413
Estimated fair value, Over 10 Years	1,859
Estimated Fair Value, Total	$ 6,788
Weighted-average yield, GAAP basis, 1 Year or Less	4.75%
Weighted-average yield, GAAP basis, Over 1 to 5 years	2.02%
Weighted-average yield, GAAP basis, Over 5 to10 Years	1.81%
Weighted-average yield, GAAP basis, Over 10 Years	2.58%
Weighted-average yield, GAAP basis, Total	2.42%
Debt Securities [Member]
Debt Securities Available-for-sale [Line Items]
Amortized Cost Basis, Total	$ 6,738	$ 7,360
ABS [Member]
Debt Securities Available-for-sale [Line Items]
Amortized cost, 1 year or less	0
Amortized Cost, Over 1 to 5 Years	2,427
Amortized Cost, Over 5 to 10 Years	1,647
Amortized Cost, Over 10 Years	0
Amortized Cost Basis, Total	4,074	4,302
Municipal Securities [Member]
Debt Securities Available-for-sale [Line Items]
Amortized cost, 1 year or less	15
Amortized Cost, Over 1 to 5 Years	34
Amortized Cost, Over 5 to 10 Years	756
Amortized Cost, Over 10 Years	1,859
Amortized Cost Basis, Total	$ 2,664	$ 3,058

Net Investment in Leases and _3

Net Investment in Leases and Loans - Narratives (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Net Investment in Leases and Loans [Abstract]
Initial direct costs and origination costs	$ 19,500	$ 20,500
Servicing liability	2,300	2,500
Portfolio of leases and loans serviced for others	328,000	340,000
(Losses) from recourse obligations	(1,200)	(400)
Net investments [Line Items]
Estimated Residual Value of Equipment	29,464	29,342
Asset Backed Securities [Member]
Net investments [Line Items]
Net investment in leases are pledged as collateral	62,000
Secured borrowing capacity at the Federal Reserve Discount Window [Member]
Net investments [Line Items]
Net investment in leases are pledged as collateral	55,100
Copier Product [Member]
Net investments [Line Items]
Estimated Residual Value of Equipment	$ 23,500	$ 23,400

Net Investment in Leases and _4

Net Investment in Leases and Loans - Net investment in leases and loans (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019	Dec. 31, 2018
Net Investment in Leases and Loans [Abstract]
Minimum lease payments receivable	$ 434,841	$ 457,602
Estimated Residual Value of Equipment	29,464	29,342
Unearned Lease Income, Net Of Initial Direct Costs and Fees Deferred	(56,645)	(59,746)
Security Deposits	(512)	(590)
Total leases	407,148	426,608
Working Capital Loans	59,012	60,942
CRA	1,410	1,398
Equipment loans	481,000	464,655
CVG	73,566	74,612
Total commercial loans	614,988	601,607
Net investment in leases and loans, excluding allowance for credit losses	1,022,136	1,028,215	$ 1,040,072
Allowance for Credit Losses	(52,060)	(21,695)	$ (16,882)	$ (16,100)
Total net investment in leases and loans	$ 970,076	$ 1,006,520

Net Investment in Leases and _5

Net Investment in Leases and Loans - Maturities of lease receivables under lease contracts and the amortization of unearned lease income (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Future Minimum Lease Payments Receivable Schedule [Abstract]
Remaining part of 2020	$ 132,867
2021	137,907
2022	90,158
2023	49,519
2024	20,660
Thereafter	3,730
Minimum Lease Payments Receivable	434,841	$ 457,602
Future Scheduled Income Amortization [Abstract]
Remaing part of 2020	22,664
2021	18,737
2022	9,728
2023	4,107
2024	1,140
Thereafter	269
Net income amortization	$ 56,645	$ 59,746

Net Investment in Leases and _6

Net Investment in Leases and Loans - Summary of information related to portfolio sales (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Sales of leases and loans	$ 22,929	$ 52,867
Gain on sale of leases and loans	$ 2,282	$ 3,612

Allowance for Credit Losses - N

Allowance for Credit Losses - Narratives (Details)	Apr. 28, 2020USD ($)	Mar. 31, 2020USD ($)Contracts	Mar. 31, 2019USD ($)	Dec. 31, 2019USD ($)
Allowance For Credit Losses [Abstract]
Finance Receivables 90 Days or More Past Due and Still Accruing		$ 0
Financing Receivable, Troubled Debt Restructuring		0		$ 0
Allowance for Credit Losses [Line Items]
Provision for credit losses		25,150,000	$ 5,363,000
Net investment in leases and loans		$ 970,076,000		$ 1,006,520,000
Payment Deferral Due to Covid-19 [Member]
Allowance for Credit Losses [Line Items]
Number of contracts with payment deferral modifications | Contracts		520
Net investment in leases and loans		$ 19,500,000
Net investment in leases and loans increase (decrease)	$ 134,500,000
Equipment Finance [Member]
Allowance for Credit Losses [Line Items]
Provision for credit losses		14,988,000	4,043,000
Equipment Finance [Member] | Payment Deferral Due to Covid-19 [Member]
Allowance for Credit Losses [Line Items]
Net investment in leases and loans		8,500,000
Equipment Finance [Member] | Adjustments related to Covid 19 [Member]
Allowance for Credit Losses [Line Items]
Provision for credit losses		10,800,000
Working capital Loans [Member]
Allowance for Credit Losses [Line Items]
Provision for credit losses		6,545,000	871,000
Working capital Loans [Member] | Payment Deferral Due to Covid-19 [Member]
Allowance for Credit Losses [Line Items]
Net investment in leases and loans		7,000,000
Working capital Loans [Member] | Adjustments related to Covid 19 [Member]
Allowance for Credit Losses [Line Items]
Provision for credit losses		5,500,000
CVG [Member]
Allowance for Credit Losses [Line Items]
Provision for credit losses		3,617,000	449,000
CVG [Member] | Payment Deferral Due to Covid-19 [Member]
Allowance for Credit Losses [Line Items]
Net investment in leases and loans		4,000,000
CVG [Member] | Adjustments related to Covid 19 [Member]
Allowance for Credit Losses [Line Items]
Provision for credit losses		2,900,000
CRA [Member]
Allowance for Credit Losses [Line Items]
Provision for credit losses		$ 0	$ 0

Allowance for Credit Losses (De

Allowance for Credit Losses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Allowance for Credit Losses [Roll Forward]
Allowance for credit losses, beginning of period	$ 21,695	$ 16,100
Charge-offs	(8,498)	(5,334)
Recoveries	652	753
Net charge-offs	(7,846)	(4,581)
Realized cashflows from Residual Income	1,153
Provision for credit losses	25,150	5,363
Allowance for credit losses, end of period	52,060	16,882
Net investment in leases and loans, before allowance	1,022,136	1,040,072	$ 1,028,215
Accounting Standards Update 2016-13 [Member]
Allowance for Credit Losses [Roll Forward]
Allowance for credit losses, beginning of period	33,603
Net investment in leases and loans, before allowance			1,028,215
Accounting Standards Update 2016-13 [Member] | Adoption Impact [Member]
Allowance for Credit Losses [Roll Forward]
Allowance for credit losses, beginning of period	11,908
Net investment in leases and loans, before allowance			$ 0
Equipment Finance [Member]
Allowance for Credit Losses [Roll Forward]
Allowance for credit losses, beginning of period	18,334	13,531
Charge-offs	(6,490)	(4,333)
Recoveries	525	734
Net charge-offs	(5,965)	(3,599)
Realized cashflows from Residual Income	1,153
Provision for credit losses	14,988	4,043
Allowance for credit losses, end of period	37,774	13,975
Net investment in leases and loans, before allowance	877,199	915,556
Equipment Finance [Member] | Accounting Standards Update 2016-13 [Member]
Allowance for Credit Losses [Roll Forward]
Allowance for credit losses, beginning of period	27,598
Equipment Finance [Member] | Accounting Standards Update 2016-13 [Member] | Adoption Impact [Member]
Allowance for Credit Losses [Roll Forward]
Allowance for credit losses, beginning of period	9,264
Working capital Loans [Member]
Allowance for Credit Losses [Roll Forward]
Allowance for credit losses, beginning of period	1,899	1,467
Charge-offs	(1,279)	(673)
Recoveries	38	19
Net charge-offs	(1,241)	(654)
Realized cashflows from Residual Income	0
Provision for credit losses	6,545	871
Allowance for credit losses, end of period	7,200	1,684
Net investment in leases and loans, before allowance	59,012	43,210
Working capital Loans [Member] | Accounting Standards Update 2016-13 [Member]
Allowance for Credit Losses [Roll Forward]
Allowance for credit losses, beginning of period	1,896
Working capital Loans [Member] | Accounting Standards Update 2016-13 [Member] | Adoption Impact [Member]
Allowance for Credit Losses [Roll Forward]
Allowance for credit losses, beginning of period	(3)
CVG [Member]
Allowance for Credit Losses [Roll Forward]
Allowance for credit losses, beginning of period	1,462	1,102
Charge-offs	(729)	(328)
Recoveries	89	0
Net charge-offs	(640)	(328)
Realized cashflows from Residual Income	0
Provision for credit losses	3,617	449
Allowance for credit losses, end of period	7,086	1,223
Net investment in leases and loans, before allowance	84,515	79,830
CVG [Member] | Accounting Standards Update 2016-13 [Member]
Allowance for Credit Losses [Roll Forward]
Allowance for credit losses, beginning of period	4,109
CVG [Member] | Accounting Standards Update 2016-13 [Member] | Adoption Impact [Member]
Allowance for Credit Losses [Roll Forward]
Allowance for credit losses, beginning of period	2,647
CRA [Member]
Allowance for Credit Losses [Roll Forward]
Allowance for credit losses, beginning of period	0	0
Charge-offs	0	0
Recoveries	0	0
Net charge-offs	0	0
Realized cashflows from Residual Income	0
Provision for credit losses	0	0
Allowance for credit losses, end of period	0	0
Net investment in leases and loans, before allowance	1,410	$ 1,476
CRA [Member] | Accounting Standards Update 2016-13 [Member]
Allowance for Credit Losses [Roll Forward]
Allowance for credit losses, beginning of period	0
CRA [Member] | Accounting Standards Update 2016-13 [Member] | Adoption Impact [Member]
Allowance for Credit Losses [Roll Forward]
Allowance for credit losses, beginning of period	$ 0

Allowance for Credit Losses - P

Allowance for Credit Losses - Portfolio by Origination Year- Current year (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Amount of portfolio [Line Items]
2020	$ 142,494	$ 530,429
2019	455,917	265,663
2018	233,335	152,045
2017	128,828	61,640
2016	49,623	17,003
Prior	11,939	1,435
Total Receivables	1,022,136	1,028,215
Equipment Finance [Member]
Amount of portfolio [Line Items]
2020	110,941	427,949
2019	379,059	240,400
2018	212,257	138,129
2017	117,370	56,466
2016	45,729	16,873
Prior	11,843	1,435
Total Receivables	877,199	881,252
Working capital Loans [Member]
Amount of portfolio [Line Items]
2020	21,388	58,491
2019	36,595	2,413
2018	991	38
2017	38	0
2016	0	0
Prior	0	0
Total Receivables	59,012	60,942
CVG [Member]
Amount of portfolio [Line Items]
2020	8,755	42,591
2019	40,263	22,850
2018	20,087	13,878
2017	11,420	5,174
2016	3,894	130
Prior	96	0
Total Receivables	84,515	84,623
CRA [Member]
Amount of portfolio [Line Items]
2020	1,410	1,398
2019	0	0
2018	0	0
2017	0	0
2016	0	0
Prior	0	0
Total Receivables	1,410	1,398
30-59 [Member] | Equipment Finance [Member]
Amount of portfolio [Line Items]
2020	179	1,420
2019	2,952	1,755
2018	1,803	935
2017	1,368	454
2016	512	169
Prior	167	17
Total Receivables	6,981	4,750
30-59 [Member] | Working capital Loans [Member]
Amount of portfolio [Line Items]
2020	0	566
2019	609	18
2018	0	0
2017	0	0
2016	0	0
Prior	0	0
Total Receivables	609	584
30-59 [Member] | CVG [Member]
Amount of portfolio [Line Items]
2020	0	50
2019	126	126
2018	178	90
2017	106	99
2016	30	0
Prior	0	0
Total Receivables	440	365
60-89 [Member] | Equipment Finance [Member]
Amount of portfolio [Line Items]
2020	0	1,023
2019	1,428	1,055
2018	1,304	685
2017	767	366
2016	319	80
Prior	73	4
Total Receivables	3,891	3,213
60-89 [Member] | Working capital Loans [Member]
Amount of portfolio [Line Items]
2020	0	16
2019	16	52
2018	0	0
2017	0	0
2016	0	0
Prior	0	0
Total Receivables	16	68
60-89 [Member] | CVG [Member]
Amount of portfolio [Line Items]
2020	0	5
2019	182	15
2018	84	188
2017	49	46
2016	0	0
Prior	0	0
Total Receivables	315	254
90+ [Member] | Equipment Finance [Member]
Amount of portfolio [Line Items]
2020	0	947
2019	2,157	1,522
2018	1,629	1,090
2017	1,046	527
2016	387	163
Prior	138	7
Total Receivables	5,357	4,256
90+ [Member] | Working capital Loans [Member]
Amount of portfolio [Line Items]
2020	0	203
2019	23	0
2018	26	0
2017	0	0
2016	0	0
Prior	0	0
Total Receivables	49	203
90+ [Member] | CVG [Member]
Amount of portfolio [Line Items]
2020	0	0
2019	276	178
2018	75	158
2017	211	53
2016	31	0
Prior	0	0
Total Receivables	593	389
Total Past Due [Member] | Equipment Finance [Member]
Amount of portfolio [Line Items]
2020	179	3,390
2019	6,537	4,332
2018	4,736	2,710
2017	3,181	1,347
2016	1,218	412
Prior	378	28
Total Receivables	16,229	12,219
Total Past Due [Member] | Working capital Loans [Member]
Amount of portfolio [Line Items]
2020	0	785
2019	648	70
2018	26	0
2017	0	0
2016	0	0
Prior	0	0
Total Receivables	674	855
Total Past Due [Member] | CVG [Member]
Amount of portfolio [Line Items]
2020	0	55
2019	584	319
2018	337	436
2017	366	198
2016	61	0
Prior	0	0
Total Receivables	1,348	1,008
Total Past Due [Member] | CRA [Member]
Amount of portfolio [Line Items]
2020	0	0
2019	0	0
2018	0	0
2017	0	0
2016	0	0
Prior	0	0
Total Receivables	0	0
Current [Member] | Equipment Finance [Member]
Amount of portfolio [Line Items]
2020	110,762	424,559
2019	372,522	236,068
2018	207,521	135,419
2017	114,189	55,119
2016	44,511	16,461
Prior	11,465	1,407
Total Receivables	860,970	869,033
Current [Member] | Working capital Loans [Member]
Amount of portfolio [Line Items]
2020	21,388	57,706
2019	35,947	2,343
2018	965	38
2017	38	0
2016	0	0
Prior	0	0
Total Receivables	58,338	60,087
Current [Member] | CVG [Member]
Amount of portfolio [Line Items]
2020	8,755	42,536
2019	39,679	22,531
2018	19,750	13,442
2017	11,054	4,976
2016	3,833	130
Prior	96	0
Total Receivables	83,167	83,615
Current [Member] | CRA [Member]
Amount of portfolio [Line Items]
2020	1,410	1,398
2019	0	0
2018	0	0
2017	0	0
2016	0	0
Prior	0	0
Total Receivables	$ 1,410	$ 1,398

Allowance for Credit Losses -_2

Allowance for Credit Losses - Portfolio by Origination Year - Previous year (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Amount of portfolio [Line Items]
2019	$ 142,494	$ 530,429
2018	455,917	265,663
2017	233,335	152,045
2016	128,828	61,640
2015	49,623	17,003
Prior	11,939	1,435
Total Receivables	1,022,136	1,028,215
Equipment Finance [Member]
Amount of portfolio [Line Items]
2019	110,941	427,949
2018	379,059	240,400
2017	212,257	138,129
2016	117,370	56,466
2015	45,729	16,873
Prior	11,843	1,435
Total Receivables	877,199	881,252
Working capital Loans [Member]
Amount of portfolio [Line Items]
2019	21,388	58,491
2018	36,595	2,413
2017	991	38
2016	38	0
2015	0	0
Prior	0	0
Total Receivables	59,012	60,942
CVG [Member]
Amount of portfolio [Line Items]
2019	8,755	42,591
2018	40,263	22,850
2017	20,087	13,878
2016	11,420	5,174
2015	3,894	130
Prior	96	0
Total Receivables	84,515	84,623
CRA [Member]
Amount of portfolio [Line Items]
2019	1,410	1,398
2018	0	0
2017	0	0
2016	0	0
2015	0	0
Prior	0	0
Total Receivables	1,410	1,398
30-59 [Member] | Equipment Finance [Member]
Amount of portfolio [Line Items]
2019	179	1,420
2018	2,952	1,755
2017	1,803	935
2016	1,368	454
2015	512	169
Prior	167	17
Total Receivables	6,981	4,750
30-59 [Member] | Working capital Loans [Member]
Amount of portfolio [Line Items]
2019	0	566
2018	609	18
2017	0	0
2016	0	0
2015	0	0
Prior	0	0
Total Receivables	609	584
30-59 [Member] | CVG [Member]
Amount of portfolio [Line Items]
2019	0	50
2018	126	126
2017	178	90
2016	106	99
2015	30	0
Prior	0	0
Total Receivables	440	365
60-89 [Member] | Equipment Finance [Member]
Amount of portfolio [Line Items]
2019	0	1,023
2018	1,428	1,055
2017	1,304	685
2016	767	366
2015	319	80
Prior	73	4
Total Receivables	3,891	3,213
60-89 [Member] | Working capital Loans [Member]
Amount of portfolio [Line Items]
2019	0	16
2018	16	52
2017	0	0
2016	0	0
2015	0	0
Prior	0	0
Total Receivables	16	68
60-89 [Member] | CVG [Member]
Amount of portfolio [Line Items]
2019	0	5
2018	182	15
2017	84	188
2016	49	46
2015	0	0
Prior	0	0
Total Receivables	315	254
90+ [Member] | Equipment Finance [Member]
Amount of portfolio [Line Items]
2019	0	947
2018	2,157	1,522
2017	1,629	1,090
2016	1,046	527
2015	387	163
Prior	138	7
Total Receivables	5,357	4,256
90+ [Member] | Working capital Loans [Member]
Amount of portfolio [Line Items]
2019	0	203
2018	23	0
2017	26	0
2016	0	0
2015	0	0
Prior	0	0
Total Receivables	49	203
90+ [Member] | CVG [Member]
Amount of portfolio [Line Items]
2019	0	0
2018	276	178
2017	75	158
2016	211	53
2015	31	0
Prior	0	0
Total Receivables	593	389
Total Past Due [Member] | Equipment Finance [Member]
Amount of portfolio [Line Items]
2019	179	3,390
2018	6,537	4,332
2017	4,736	2,710
2016	3,181	1,347
2015	1,218	412
Prior	378	28
Total Receivables	16,229	12,219
Total Past Due [Member] | Working capital Loans [Member]
Amount of portfolio [Line Items]
2019	0	785
2018	648	70
2017	26	0
2016	0	0
2015	0	0
Prior	0	0
Total Receivables	674	855
Total Past Due [Member] | CVG [Member]
Amount of portfolio [Line Items]
2019	0	55
2018	584	319
2017	337	436
2016	366	198
2015	61	0
Prior	0	0
Total Receivables	1,348	1,008
Total Past Due [Member] | CRA [Member]
Amount of portfolio [Line Items]
2019	0	0
2018	0	0
2017	0	0
2016	0	0
2015	0	0
Prior	0	0
Total Receivables	0	0
Current [Member] | Equipment Finance [Member]
Amount of portfolio [Line Items]
2019	110,762	424,559
2018	372,522	236,068
2017	207,521	135,419
2016	114,189	55,119
2015	44,511	16,461
Prior	11,465	1,407
Total Receivables	860,970	869,033
Current [Member] | Working capital Loans [Member]
Amount of portfolio [Line Items]
2019	21,388	57,706
2018	35,947	2,343
2017	965	38
2016	38	0
2015	0	0
Prior	0	0
Total Receivables	58,338	60,087
Current [Member] | CVG [Member]
Amount of portfolio [Line Items]
2019	8,755	42,536
2018	39,679	22,531
2017	19,750	13,442
2016	11,054	4,976
2015	3,833	130
Prior	96	0
Total Receivables	83,167	83,615
Current [Member] | CRA [Member]
Amount of portfolio [Line Items]
2019	1,410	1,398
2018	0	0
2017	0	0
2016	0	0
2015	0	0
Prior	0	0
Total Receivables	$ 1,410	$ 1,398

Allowance for Credit Losses -_3

Allowance for Credit Losses - Non-accrual leases and loans in the Company's portfolio (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-accrual leases and loans, end of period	$ 6,705	$ 5,591
Equipment Finance [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-accrual leases and loans, end of period	5,357	4,256
Working capital Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-accrual leases and loans, end of period	755	946
CVG [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-accrual leases and loans, end of period	$ 593	$ 389

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Narratives (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended			12 Months Ended
	Jan. 31, 2017	Mar. 31, 2020	Mar. 31, 2019	Sep. 30, 2018	Dec. 31, 2019
Acquired Finite-Lived Intangible Assets [Line Items]
Goodwill		$ 0			$ 6,735
Amortization of Intangible Assets		200	$ 200
Goodwill Impairment Loss		6,735	0
Impairment Of Intangible Assets, Finite-lived		$ 0	$ 0
HKF [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Finite Lived Intangible Assets Acquired	$ 1,300
Acquired Finite Lived Intangible Assets Weighted Average Useful Life		8 years 8 months 12 days
Goodwill	$ 1,200
FFR [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Finite Lived Intangible Assets Acquired				$ 7,600	$ 7,200
Acquired Finite Lived Intangible Assets Weighted Average Useful Life		10 years 9 months 18 days
Goodwill				$ 5,500

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Summary of Changes In Carrying Amount of Goodwill (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Goodwill and Intangible Assets [Abstract]
Goodwill, Beginning Balance	$ 6,735
Impairment of Goodwill	(6,735)	$ 0
Goodwill, Ending Balance	$ 0

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Intangible Assets (Detail) $ in Thousands	3 Months Ended
	Mar. 31, 2020USD ($)
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 8,980
Accumulated Amortization	1,719
Net Value	7,261
Lender Relationships [Member]
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	1,630
Accumulated Amortization	551
Net Value	$ 1,079
Lender Relationships [Member] | Minimum [Member]
Finite Lived Intangible Assets [Line Items]
Useful Life	3 years
Lender Relationships [Member] | Maximum [Member]
Finite Lived Intangible Assets [Line Items]
Useful Life	10 years
Vendor Relationships [Member]
Finite Lived Intangible Assets [Line Items]
Useful Life	11 years
Gross Carrying Amount	$ 7,290
Accumulated Amortization	1,140
Net Value	$ 6,150
Corporate Trade Name [Member]
Finite Lived Intangible Assets [Line Items]
Useful Life	7 years
Gross Carrying Amount	$ 60
Accumulated Amortization	28
Net Value	$ 32

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets - Amortization expense (Details) $ in Thousands	Mar. 31, 2020USD ($)
Amortization expense for the next five years y [Abstract]
Remainder of 2020	$ 599
2021	798
2022	798
2023	798
2024	$ 790

Other Assets (Details)

Other Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Other Assets [Abstract]
Accrued fees receivable	$ 3,683	$ 3,509
Prepaid expenses	2,853	2,872
Income taxes receivable	6,877	0
Federal Reserve Bank Stock	1,711	1,711
Other	2,341	2,361
Other assets, total	$ 17,465	$ 10,453

Deposits (Details)

Deposits (Details) - USD ($)	Mar. 31, 2020	Dec. 31, 2019
Contractual Maturities of Time Deposits [Abstract]
Remainder of 2020	$ 387,922,000
2021	265,743,000
2022	134,233,000
2023	66,915,000
2024	28,046,000
Thereafter	6,927,000
Total	889,786,000	$ 839,132,000
Cash and Cash Equivalents [Line Items]
Money market deposit accounts	51,600,000
Cash FDIC Insured Amount	$ 250,000
Weighted average all-in interest rate of all deposit liabilities outstanding	2.15%
Remainder of 2020	$ 387,922,000
2021	265,743,000
2022	134,233,000
2023	66,915,000
2024	28,046,000
Thereafter	6,927,000
Total	889,786,000	$ 839,132,000
MBB Certificate of Deposit [Member]
Cash and Cash Equivalents [Line Items]
Maximum time deposit liability denomination	250,000,000
MMDA [Member]
Cash and Cash Equivalents [Line Items]
Maximum time deposit liability denomination	$ 250,000,000

Debt and Financing Arrangemen_3

Debt and Financing Arrangements - Narratives (Details) - USD ($)	3 Months Ended
	Mar. 31, 2020	Dec. 31, 2019	Jul. 27, 2018
Debt and Financing Arrangements [Abstract]
Term note securitization 2018-1	$ 62,555,000	$ 76,563,000	$ 201,650,000
Debt collateralized	68,500,000
Debt instrument collateralized by restricted deposits	$ 6,500,000
Weighted average coupon rate	3.62%
Revolving line of credit [Member]
Debt Instrument Terms [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 5,000,000
Final maturity date	Nov. 20, 2020
Line of credit	$ 0	$ 0

Debt and Financing Arrangemen_4

Debt and Financing Arrangements - Long-term borrowings (Details) - USD ($)	Mar. 31, 2020	Dec. 31, 2019	Jul. 27, 2018
Variable Interest Entity [Line Items]
Term note securitization 2018-1	$ 62,555,000	$ 76,563,000	$ 201,650,000
Unamortized debt issuance costs	(362,000)	(472,000)
Variable Interest Entity, Primary Beneficiary [Member]
Variable Interest Entity [Line Items]
Liabilities noncurrent	$ 62,193,000	$ 76,091,000

Debt and Financing Arrangemen_5

Debt and Financing Arrangements - Term note securitization (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2020	Dec. 31, 2019	Jul. 27, 2018
Debt Instrument [Line Items]
Term note securitization		$ 62,555	$ 76,563	$ 201,650
Original coupon rate	[1],[2]	3.05%
Weighted average coupon rate		3.62%
Class A-1 [Member]
Debt Instrument [Line Items]
Term note securitization		$ 0	0	77,400
Final maturity date		Jul. 31, 2019
Original coupon rate		2.55%
Class A-2 [Member]
Debt Instrument [Line Items]
Term note securitization		$ 0	8,013	55,700
Final maturity date		Oct. 31, 2020
Original coupon rate		3.05%
Class A-3 [Member]
Debt Instrument [Line Items]
Term note securitization		$ 30,915	36,910	36,910
Final maturity date		Apr. 30, 2023
Original coupon rate		3.36%
Class B [Member]
Debt Instrument [Line Items]
Term note securitization		$ 10,400	10,400	10,400
Final maturity date		May 31, 2023
Original coupon rate		3.54%
Class C [Member]
Debt Instrument [Line Items]
Term note securitization		$ 11,390	11,390	11,390
Final maturity date		Jun. 30, 2023
Original coupon rate		3.70%
Class D [Member]
Debt Instrument [Line Items]
Term note securitization		$ 5,470	5,470	5,470
Final maturity date		Jul. 31, 2023
Original coupon rate		3.99%
Class E [Member]
Debt Instrument [Line Items]
Term note securitization		$ 4,380	$ 4,380	$ 4,380
Final maturity date		May 31, 2025
Original coupon rate		5.02%
[1]	Represents the original weighted average initial coupon rate for all tranches of the securitization. In addition to this coupon interest, term note securitizations have other transaction costs which are amortized over the life of the borrowings as additional interest expense.
[2]	The weighted average coupon rate of the 2018-1 term note securitization will approximate 3.62 % over the remaining term of the borrowing.

Debt and Financing Arrangemen_6

Debt and Financing Arrangements - Scheduled principal and interest payments (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019	Jul. 27, 2018
Scheduled principal and interest payments on outstanding borrowings [Abstract]
Principal, Remainder of 2020	$ 30,344
Principal, 2021	23,629
Principal, 2022	8,582
Long-term borrowings, total	62,555	$ 76,563	$ 201,650
Interest, Remainder of 2020	1,342
Interest, 2021	813
Interest, 2022	159
Total interest portion on long-term debt	$ 2,314

Fair Value Measurements and D_3

Fair Value Measurements and Disclosures about the Fair Value of Financial Instruments - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total cash and cash equivalents	$ 211,070	$ 140,952	$ 123,096
Goodwill Impairment Loss	$ 6,735	$ 0

Fair Value Measurements and D_4

Fair Value Measurements and Disclosures about the Fair Value of Financial Instruments - Balances Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	$ 10,480	$ 11,076
Asset Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	4,135	4,332
Municipal Bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	2,653	3,129
Mutual Fund [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	3,692	3,615
Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | Asset Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | Municipal Bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | Mutual Fund [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	3,692	3,615
Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Asset Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	4,135	4,332
Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Municipal Bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	2,653	3,129
Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Mutual Fund [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Asset Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Municipal Bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Mutual Fund [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	$ 0	$ 0

Fair Value Measurements and D_5

Fair Value Measurements and Disclosures about the Fair Value of Financial Instruments - Carrying amount and estimated fair value (Details) - USD ($)	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019	Jul. 27, 2018
Assets, Fair Value Disclosure [Abstract]
Cash and Cash Equivalents	$ 211,070,000	$ 123,096,000	$ 140,952,000
Time deposits with banks	13,664,000	12,927,000
Restricted interest-earning deposits with banks	6,474,000	6,931,000	$ 13,174,000
Loans, net of allowance	614,988,000	601,607,000
Federal Reserve Bank Stock	1,711,000	1,711,000
Liabilities, Fair Value Disclosure [Abstract]
Deposits	941,996,000	839,132,000
Long-term borrowings	62,555,000	76,563,000		$ 201,650,000
Carrying (Reported) Amount, Fair Value Disclosure [Member]
Assets, Fair Value Disclosure [Abstract]
Cash and Cash Equivalents	211,070,000	123,096,000
Time deposits with banks	13,664,000	12,927,000
Restricted interest-earning deposits with banks	6,474,000	6,931,000
Loans, net of allowance	580,244,000	588,688,000
Federal Reserve Bank Stock	1,711,000	1,711,000
Liabilities, Fair Value Disclosure [Abstract]
Deposits	941,996,000	839,132,000
Long-term borrowings	62,193,000	76,091,000
Estimate of Fair Value, Fair Value Disclosure [Member]
Assets, Fair Value Disclosure [Abstract]
Cash and Cash Equivalents	211,070,000	123,096,000
Time deposits with banks	13,094,000	12,970,000
Restricted interest-earning deposits with banks	6,474,000	6,931,000
Loans, net of allowance	558,584,000	593,406,000
Federal Reserve Bank Stock	1,711,000	1,711,000
Liabilities, Fair Value Disclosure [Abstract]
Deposits	952,958,000	846,304,000
Long-term borrowings	$ 62,841,000	$ 76,781,000

Earnings Per Common Share - EPS

Earnings Per Common Share - EPS Basic and Diluted (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Earnings Per Share, Basic [Abstract]
Net (loss) income	$ (11,821)	$ 5,141
Less: net income allocated to participating securities	0	(72)
Net (loss) income allocated to common stock	$ (11,821)	$ 5,069
Weighted average common shares outstanding	12,014,396	12,337,730
Less: Unvested restricted stock awards considered participating securities	(138,249)	(172,084)
Adjusted weighted average common shares used in computing basic EPS	11,876,147	12,165,646
Basic (loss) earnings per share	$ (1)	$ 0.42
Earnings Per Share, Diluted [Abstract]
Net (loss) income allocated to common stock	$ (11,821)	$ 5,069
Adjusted weighted average common shares used in computing basic EPS	11,876,147	12,165,646
Add: Effect of dilutive stock-based compensation awards	0	86,470
Adjusted weighted average common shares used in computing diluted EPS	11,876,147	12,252,116
Diluted (loss) earnings per share	$ (1)	$ 0.41
Antidilutive securities excluded from computation of earnings per share amount	359,035	188,583

Stockholders' Equity - Narrativ

Stockholders' Equity - Narratives (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019	Dec. 31, 2018
Regulatory Capital Requirements Miscellaneous Information [Abstract]
Percentage of transitional amounts for measurment of estimated allowance year one	25.00%
Percentage of transitional amounts for measurment of estimated allowance next two years	25.00%
Percentage of transitional amounts for measurment of estimated allowance during year three	75.00%
Marlin Business Services Corp. [Member]
Regulatory Capital Requirements Miscellaneous Information [Abstract]
Total stockholders equity (regulatory)	$ 194,700
Total Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets	8.00%
Tier One Leverage Capital Required for Capital Adequacy to Average Assets	4.00%
Total Risk Based Capital to Risk Weighted Assets	19.94%
Tier One Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets	6.00%
Total Risk Based Capital Required to be Well Capitalized to Risk Weighted Assets	10.00%
Common Equity Tier One Risk Based Capital Required For Capital Adequacy To Risk Weighted Assets	4.50%
Common Equity Tier One Risk Based Capital Required To Be Well Capitalized To Risk Weighted Assets	6.50%
Marlin Business Bank [Member]
Regulatory Capital Requirements Miscellaneous Information [Abstract]
Total stockholders equity (regulatory)	$ 139,242
Total Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets	8.00%
Tier One Leverage Capital Required for Capital Adequacy to Average Assets	4.00%
FDIC Agreement Capital Required To Be Well Capitalized To Risk Weighted Assets	15.00%
Total Risk Based Capital to Risk Weighted Assets	16.16%
Tier One Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets	6.00%
Total Risk Based Capital Required to be Well Capitalized to Risk Weighted Assets	10.00%
Common Equity Tier One Risk Based Capital Required For Capital Adequacy To Risk Weighted Assets	4.50%
Common Equity Tier One Risk Based Capital Required To Be Well Capitalized To Risk Weighted Assets	6.50%
New Capital Conservation Buffer			2.50%	1.875%
2014 Stock Repurchase Plan [Member]
Stock Repurchase [Abstract]
Stock Repurchased During Period, Average Cost Per Share	$ 13.38	$ 22.74
Stock Repurchased During Period, Shares	21,123	18,910
2019 Stock Repurchase Plan [Member]
Stock Repurchase [Abstract]
Stock Repurchase Program, Remaining Authorized Repurchase Amount	$ 4,700
Stock Repurchased During Period, Average Cost Per Share	$ 16.09	$ 23.86
Stock Repurchased During Period, Shares	264,470	29,947

Stockholders' Equity - Regulato

Stockholders' Equity - Regulatory Capital Ratios (Details) $ in Thousands	Mar. 31, 2020USD ($)
Marlin Business Services Corp. [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Tier One Leverage Capital	$ 194,700
Tier One Leverage Capital Required for Capital Adequacy	48,137
Tier One Leverage Capital Required to be Well Capitalized	60,171
Common Equity Tier One Risk Based Capital	194,700
Common Equity Tier One Risk Based Capital Required For Capital Adequacy	47,004
Common Equity Tier One Risk Based Capital Required To Be Well Capitalized	67,894
Tier One Risk Based Capital	194,700
Tier One Risk Based Capital Required for Capital Adequacy	62,672
Tier One Risk Based Capital Required to be Well Capitalized	83,562
Total Risk Based Capital	208,238
Total Risk Based Capital Required for Capital Adequacy	83,562
Total Risk Based Capital Required to be Well Capitalized	$ 104,453
Tier One Leverage Capital to Average Assets	16.18%
Tier One Leverage Capital Required for Capital Adequacy to Average Assets	4.00%
Tier One Leverage Capital Required to be Well Capitalized to Average Assets	5.00%
Common Equity Tier One Risk Based Capital To Risk Weighted Assets	18.64%
Common Equity Tier One Risk Based Capital Required For Capital Adequacy To Risk Weighted Assets	4.50%
Common Equity Tier One Risk Based Capital Required To Be Well Capitalized To Risk Weighted Assets	6.50%
Tier One Risk Based Capital to Risk Weighted Assets	18.64%
Tier One Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets	6.00%
Tier One Risk Based Capital Required to be Well Capitalized to Risk Weighted Assets	8.00%
Total Risk Based Capital to Risk Weighted Assets	19.94%
Total Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets	8.00%
Total Risk Based Capital Required to be Well Capitalized to Risk Weighted Assets	10.00%
Marlin Business Bank [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Tier One Leverage Capital	$ 139,242
Tier One Leverage Capital Required for Capital Adequacy	41,961
Tier One Leverage Capital Required to be Well Capitalized	52,451
Common Equity Tier One Risk Based Capital	139,242
Common Equity Tier One Risk Based Capital Required For Capital Adequacy	42,163
Common Equity Tier One Risk Based Capital Required To Be Well Capitalized	60,902
Tier One Risk Based Capital	139,242
Tier One Risk Based Capital Required for Capital Adequacy	56,217
Tier One Risk Based Capital Required to be Well Capitalized	74,957
Total Risk Based Capital	151,425
Total Risk Based Capital Required for Capital Adequacy	74,957
Total Risk Based Capital Required to be Well Capitalized	$ 93,696
Tier One Leverage Capital to Average Assets	13.27%
Tier One Leverage Capital Required for Capital Adequacy to Average Assets	4.00%
Tier One Leverage Capital Required to be Well Capitalized to Average Assets	5.00%
Common Equity Tier One Risk Based Capital To Risk Weighted Assets	14.86%
Common Equity Tier One Risk Based Capital Required For Capital Adequacy To Risk Weighted Assets	4.50%
Common Equity Tier One Risk Based Capital Required To Be Well Capitalized To Risk Weighted Assets	6.50%
Tier One Risk Based Capital to Risk Weighted Assets	14.86%
Tier One Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets	6.00%
Tier One Risk Based Capital Required to be Well Capitalized to Risk Weighted Assets	8.00%
Total Risk Based Capital to Risk Weighted Assets	16.16%
Total Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets	8.00%
Total Risk Based Capital Required to be Well Capitalized to Risk Weighted Assets	10.00%

Stock-Based Compensation - Narr

Stock-Based Compensation - Narratives (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Stock-based Compensation Arrangements [Line Items]
Equity Compensation Plan, Aggregate Number of Shares Authorized	826,036
Equity Compensation Plan, Number of Shares Available for Grant	573,981
Number of Shares, Stock Options Granted	0
Stock-based compensation recognized	$ 518	$ 861
Stock Options Exercised, Number of Shares	0	0
2019 Plan [Member]
Stock-based Compensation Arrangements [Line Items]
Equity Compensation Plan, Aggregate Number of Shares Authorized	826,036
Equity Compensation Plan, Number of Shares Available for Grant	573,981
Stock-based compensation recognized	$ 500	$ 900
Excess tax benefits from stock-based payment arrangements	400	100
Stock Options [Member]
Stock-based Compensation Arrangements [Line Items]
Stock-based compensation recognized	$ 100	$ 100
Stock Options Exercised, Number of Shares	0	0
Total Compensation Cost Not yet Recognized on Nonvested Stock-based Awards	$ 100
Compensation Cost Not yet Recognized on Nonvested Stock-based Awards, Period for Recognition in Years	1 year
Stock-based Awards, Vesting Period in Years	7 years
Common Stock Closing Price Per Share	$ 11.17
Stock Options [Member] | Director [Member]
Stock-based Compensation Arrangements [Line Items]
Stock-based Awards, Vesting Period in Years	1 year
Stock Options [Member] | Minimum [Member]
Stock-based Compensation Arrangements [Line Items]
Stock-based Awards, Vesting Period in Years	3 years
Stock Options [Member] | Maximum [Member]
Stock-based Compensation Arrangements [Line Items]
Stock-based Awards, Vesting Period in Years	4 years
Restricted Stock [Member]
Stock-based Compensation Arrangements [Line Items]
Stock-based compensation recognized	$ 100	$ 300
Total Compensation Cost Not yet Recognized on Nonvested Stock-based Awards	$ 1,300
Compensation Cost Not yet Recognized on Nonvested Stock-based Awards, Period for Recognition in Years	4 years 3 months 18 days
Stock-based Awards, Accelerated Vesting Period in Years	3 years
Stock-based Awards Other Than Options, Subject to Performance Acceleration, Grants in Period	0
Stock-based Awards Other Than Options, Contingent on Performance, Grants in Period	0
Stock-based Awards, Grants in Period, Aggregate Grant Date Fair Value		100
Stock-based Compensation Expense Due to Performance Acceleration	$ 0	100
Stock-based Awards Other than Options, Vested in Period, Total Fair Value	200	700
Fair value of stock converted to shares of common stock	$ 600	600
Restricted Stock [Member] | Minimum [Member]
Stock-based Compensation Arrangements [Line Items]
Stock-based Awards, Vesting Period in Years	3 years
Restricted Stock [Member] | Minimum [Member] | Director [Member]
Stock-based Compensation Arrangements [Line Items]
Stock-based Awards, Vesting Period in Years	6 months
Restricted Stock [Member] | Maximum [Member]
Stock-based Compensation Arrangements [Line Items]
Stock-based Awards, Vesting Period in Years	7 years
Restricted Stock [Member] | Maximum [Member] | Director [Member]
Stock-based Compensation Arrangements [Line Items]
Stock-based Awards, Vesting Period in Years	7 years
Performance-Based and Market-Based RSUs [Member]
Stock-based Compensation Arrangements [Line Items]
Stock-based compensation recognized	$ 300	$ 500
Total Compensation Cost Not yet Recognized on Nonvested Stock-based Awards	$ 4,700
Compensation Cost Not yet Recognized on Nonvested Stock-based Awards, Period for Recognition in Years	1 year 10 months 24 days
Total Compensation Cost Not yet Recognized on Nonvested Stock-based Awards, Incremental Cost at Maximum Performance	$ 5,000
Total Compensation Cost Not yet Recognized on Nonvested Stock-based Awards, Period for Recognition of Incremental Cost at Maximum Performance in Years	2 years 3 months 18 days
Stock-based Awards, Vesting Period in Years	4 years
Stock-based Awards Other Than Options, Contingent on Performance, Grants in Period	514,957
Share-based Awards, Grants in Period, Weighted Average Grant Date Fair Value Per Share	$ 12.9	$ 12.91
Stock-based Awards, Grants in Period, Aggregate Grant Date Fair Value	$ 3,100	$ 3,400
Stock-based Awards Other Than Options, Additional Grants Contingently Issuable	182,181
Performance-Based and Market-Based RSUs [Member] | Minimum [Member]
Stock-based Compensation Arrangements [Line Items]
Stock-based Awards, Vesting Period in Years	3 years
Performance-Based and Market-Based RSUs [Member] | Maximum [Member]
Stock-based Compensation Arrangements [Line Items]
Stock-based Awards, Vesting Period in Years	4 years
Market Based RSUs [Member]
Stock-based Compensation Arrangements [Line Items]
Stock-based Awards Other Than Options, Contingent on Performance, Grants in Period	0	0
Market Based RSUs [Member] | Minimum [Member]
Stock-based Compensation Arrangements [Line Items]
Stock-based Awards, Vesting Period in Years	1 year
Market Based RSUs [Member] | Maximum [Member]
Stock-based Compensation Arrangements [Line Items]
Stock-based Awards, Vesting Period in Years	3 years

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Option Activity (Details) - $ / shares	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Stock-based Compensation Arrangements, Options, Outstanding [Roll Forward]
Number of Shares Outstanding, Beginning of Period	135,159
Number of Shares, Stock Options Granted	0
Number of Shares, Stock Options Exercised	0	0
Number of Shares, Forfeited	(3,929)
Number of Shares, Expired	(7,097)
Number of Shares Outstanding, End of Period	124,133
Weighted Average Exercise Price Per Share, Outstanding at Beginning of Period	$ 26.79
Weighted Average Exercise Price Per Share, Granted	0
Weighted Average Exercise Price Per Share, Exercised	0
Weighted Average Exercise Price Per Share, Forfeitures	27.31
Weighted Average Exercise Price Per Share, Expired	26.36
Weighted Average Exercise Price Per Share, Outstanding at End of Period	$ 26.8

Stock-Based Compensation - Su_2

Stock-Based Compensation - Summary of Stock Options Outstanding and Exercisable (Details) - USD ($)	3 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Options Outstanding, Number of Shares	124,133	135,159
Options Outstanding, Weighted Average Remaining Life (Years)	4 years 5 months
Options Outstanding, Weighted Average Exercise Price	$ 26.8	$ 26.79
Options Outstanding, Aggregate Intrinsic Value	$ 0
Options Exercisable, Number of Shares	107,083
Options Exercisable, Weighted Average Remaining Life (Years)	4 years 4 months
Options Exercisable, Weighted Average Exercise Price	$ 26.57
Options Exercisable, Aggregate Intrinsic Value	$ 0
$25.75 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Options Outstanding and Exercisable, Lower Price in Range Category	$ 25.75
Options Outstanding and Exercisable, Upper Price in Range Category	$ 25.75
Options Outstanding, Number of Shares	71,766
Options Outstanding, Weighted Average Remaining Life (Years)	4 years
Options Outstanding, Weighted Average Exercise Price	$ 25.75
Options Outstanding, Aggregate Intrinsic Value	$ 0
Options Exercisable, Number of Shares	71,766
Options Exercisable, Weighted Average Remaining Life (Years)	4 years
Options Exercisable, Weighted Average Exercise Price	$ 25.75
Options Exercisable, Aggregate Intrinsic Value	$ 0
$28.25 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Options Outstanding and Exercisable, Lower Price in Range Category	$ 28.25
Options Outstanding and Exercisable, Upper Price in Range Category	$ 28.25
Options Outstanding, Number of Shares	52,367
Options Outstanding, Weighted Average Remaining Life (Years)	5 years
Options Outstanding, Weighted Average Exercise Price	$ 28.25
Options Outstanding, Aggregate Intrinsic Value	$ 0
Options Exercisable, Number of Shares	35,317
Options Exercisable, Weighted Average Remaining Life (Years)	5 years
Options Exercisable, Weighted Average Exercise Price	$ 28.25
Options Exercisable, Aggregate Intrinsic Value	$ 0

Stock-Based Compensation - Su_3

Stock-Based Compensation - Summary of Non-Vested Restricted Stock Activity (Details) - $ / shares	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Stock-based Compensation Arrangements, Restricted Stock, Nonvested [Roll Forward]
Shares Outstanding, Beginning of Period	143,935
Shares, Granted	0
Shares, Vested	(11,973)
Shares, Forfeited	(550)
Shares Outstanding, End of Period	131,412
Weighted Average Grant-Date Fair Value, Outstanding at Beginning of Period	$ 21.88
Weighted Average Grant-Date Fair Value, Granted	0
Weighted Average Grant-Date Fair Value, Vested	18.83
Weighted Average Grant-Date Fair Value, Forfeited	25.88
Outstanding at End of Period	$ 22.14
Performance-Based and Market-Based RSUs [Member]
Stock-based Compensation Arrangements, Restricted Stock, Nonvested [Roll Forward]
Shares Outstanding, Beginning of Period	257,476
Shares, Granted	95,758
Shares, Forfeited	(5,081)
Shares, Converted	(13,810)
Cancelled due to non-achievement of market condition	(30,390)
Shares Outstanding, End of Period	303,953
Weighted Average Grant-Date Fair Value, Outstanding at Beginning of Period	$ 18
Weighted Average Grant-Date Fair Value, Granted	17.55
Weighted Average Grant-Date Fair Value, Forfeited	23.99
Weighted Average Grant-Date Fair Value, Converted	25.75
Weighted Average Grant-Date Fair Value, Cancelled due to non-achievement of market condition	25.65
Outstanding at End of Period	16.64
Stock-based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions And Methodology [Abstract]
Grant date stock price	$ 20.43	$ 21.5
Risk-free interest rate	1.40%	2.16%
Expected volatility	26.18%	26.68%
Service-Based RSUs [Member]
Stock-based Compensation Arrangements, Restricted Stock, Nonvested [Roll Forward]
Shares Outstanding, Beginning of Period	99,951
Shares, Granted	69,422
Shares, Forfeited	(4,480)
Shares, Converted	(39,879)
Shares Outstanding, End of Period	125,014
Weighted Average Grant-Date Fair Value, Outstanding at Beginning of Period	$ 23.59
Weighted Average Grant-Date Fair Value, Granted	20.43
Weighted Average Grant-Date Fair Value, Forfeited	23.69
Weighted Average Grant-Date Fair Value, Converted	24.3
Outstanding at End of Period	$ 21.61

Subsequent Events - Narratives

Subsequent Events - Narratives (Details) - Subsequent Event [Member] $ / shares in Units, $ in Millions	Apr. 28, 2020USD ($)$ / shares
Subsequent Event [Line Items]
Cash dividend declared on common stock, payable date	May 21, 2020
Cash dividend declared on common stock, date of record	May 11, 2020
Dividends Payable, Amount Per Share | $ / shares	$ 0.14
Dividends Payable | $	$ 1.7