LendingClub (LC) 10-Q 2 May 23 2023 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Mar. 31, 2023	Apr. 21, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2023
Entity File Number	001-36771
Entity Registrant Name	LendingClub Corporation
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	51-0605731
Entity Address, Address Line One	595 Market Street, Suite 200,
Entity Address, City or Town	San Francisco,
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94105
City Area Code	415
Local Phone Number	632-5600
Title of 12(b) Security	Common stock, par value $0.01 per share
Trading Symbol	LC
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		107,468,463
Entity Central Index Key	0001409970
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q1
Amendment Flag	false
Document Transition Report	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands		Mar. 31, 2023	Dec. 31, 2022
Assets
Cash and due from banks		$ 22,732	$ 23,125
Interest-bearing deposits in banks		1,614,265	1,033,905
Total cash and cash equivalents		1,636,997	1,057,030
Restricted cash	[1]	47,342	67,454
Securities available for sale at fair value ($428,395 and $399,668 at amortized cost, respectively)		380,028	345,702
Loans held for sale at fair value		44,647	110,400
Loans and leases held for investment		5,491,938	5,033,154
Allowance for loan and lease losses		(348,857)	(327,852)
Loans and leases held for investment, net		5,143,081	4,705,302
Loans held for investment at fair value	[1]	748,618	925,938
Retail and certificate loans held for investment at fair value	[1]	38,855	55,425
Property, equipment and software, net		144,041	136,473
Goodwill		75,717	75,717
Other assets	[1]	494,692	500,306
Total assets		8,754,018	7,979,747
Deposits:
Interest-bearing		7,018,014	6,158,560
Noninterest-bearing		200,840	233,993
Total deposits		7,218,854	6,392,553
Borrowings	[1]	52,980	74,858
Retail notes, certificates and secured borrowings at fair value	[1]	38,855	55,425
Other liabilities	[1]	252,587	292,617
Total liabilities		7,563,276	6,815,453
Equity
Common stock, $0.01 par value; 180,000,000 shares authorized; 107,460,734 and 106,546,995 shares issued and outstanding, respectively		1,075	1,065
Additional paid-in capital		1,637,283	1,628,590
Accumulated deficit		(414,079)	(427,745)
Accumulated other comprehensive loss		(33,537)	(37,616)
Total equity		1,190,742	1,164,294
Total liabilities and equity		$ 8,754,018	$ 7,979,747
[1]Includes amounts in consolidated variable interest entities (VIEs). See “ Notes to Condensed Consolidated Financial Statements – Note 6. Securitizations and Variable Interest Entities .”

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Securities available for sale at amortized cost	$ 428,395	$ 399,668
Common stock, par value ($ per share)	$ 0.01	$ 0.01
Common stock, authorized (shares)	180,000,000	180,000,000
Common stock, shares issued (shares)	107,460,734	106,546,995
Common stock, shares outstanding (shares)	107,460,734	106,546,995

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2023	Mar. 31, 2022
Non-interest income:
Marketplace revenue		$ 95,634	$ 179,966
Other non-interest income		3,356	9,891
Total non-interest income		98,990	189,857
Interest income:
Interest on loans held for sale		5,757	7,450
Interest and fees on loans and leases held for investment		150,467	91,442
Interest on loans held for investment at fair value		26,892	593
Interest on retail and certificate loans held for investment at fair value		1,683	6,969
Interest on securities available for sale		3,900	4,511
Other interest income		13,714	688
Total interest income		202,413	111,653
Interest expense:
Interest on deposits		53,273	3,438
Interest on retail notes, certificates and secured borrowings		1,683	6,969
Other interest expense		753	1,566
Total interest expense		55,709	11,973
Net interest income		146,704	99,680
Total net revenue		245,694	289,537
Provision for credit losses		70,584	52,509
Non-interest expense:
Compensation and benefits		73,307	81,610
Marketing		26,880	55,080
Equipment and software		13,696	11,046
Depreciation and amortization		12,354	11,039
Professional services		9,058	12,406
Occupancy		4,310	6,019
Other non-interest expense		17,703	14,004
Total non-interest expense		157,308	191,204
Income before income tax expense		17,802	45,824
Income tax expense		(4,136)	(4,988)
Net income		$ 13,666	$ 40,836
Earnings per share:
Basic EPS - common stockholders ($ per share)	[1]	$ 0.13	$ 0.40
Diluted EPS - common stockholders ($ per share)	[1]	$ 0.13	$ 0.39
Weighted-average common shares – Basic (shares)	[1]	106,912,139	101,493,561
Weighted-average common shares – Diluted (shares)	[1]	106,917,770	105,052,904
[1]See “ Notes to Condensed Consolidated Financial Statements – Note 3. Earnings Per Share ” for additional information.

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Statement of Comprehensive Income [Abstract]
Net income	$ 13,666	$ 40,836
Other comprehensive income (loss):
Net unrealized gain (loss) on securities available for sale	5,599	(19,987)
Other comprehensive income (loss), before tax	5,599	(19,987)
Income tax effect	(1,520)	(200)
Other comprehensive income (loss), net of tax	4,079	(20,187)
Total comprehensive income	$ 17,745	$ 20,649

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Changes in Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Loss	Accumulated Deficit
Beginning balance (shares) at Dec. 31, 2021		101,043,924
Beginning balance at Dec. 31, 2021	$ 850,242	$ 1,010	$ 1,559,616	$ 7,046	$ (717,430)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation	17,187		17,187
Net issuances under equity incentive plans (in shares)		1,150,113
Net issuances under equity incentive plans	(644)	$ 12	(656)
Net unrealized gain (loss) on securities available for sale, net of tax	(20,187)			(20,187)
Net income	40,836				40,836
Ending balance (shares) at Mar. 31, 2022		102,194,037
Ending balance at Mar. 31, 2022	$ 887,434	$ 1,022	1,576,147	(13,141)	(676,594)
Beginning balance (shares) at Dec. 31, 2022	106,546,995	106,546,995
Beginning balance at Dec. 31, 2022	$ 1,164,294	$ 1,065	1,628,590	(37,616)	(427,745)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation	14,070		14,070
Net issuances under equity incentive plans (in shares)		913,739
Net issuances under equity incentive plans	(5,367)	$ 10	(5,377)
Net unrealized gain (loss) on securities available for sale, net of tax	4,079			4,079
Net income	$ 13,666				13,666
Ending balance (shares) at Mar. 31, 2023	107,460,734	107,460,734
Ending balance at Mar. 31, 2023	$ 1,190,742	$ 1,075	$ 1,637,283	$ (33,537)	$ (414,079)

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2023	Mar. 31, 2022
Cash Flows from Operating Activities:
Net income		$ 13,666	$ 40,836
Adjustments to reconcile net income to net cash provided by operating activities:
Net fair value adjustments		15,414	(15,249)
Provision for credit losses		70,584	52,509
Change in fair value of loan servicing assets		12,576	16,979
Accretion of loan deferred fees and costs		(24,110)	(19,252)
Stock-based compensation, net		11,888	15,694
Depreciation and amortization		12,354	11,039
Gain on sales of loans		(14,125)	(24,110)
Other, net		(3,670)	1,559
Net change to loans held for sale		50,738	(29,601)
Net change in operating assets and liabilities:
Other assets		14,591	443
Other liabilities		(45,414)	(10,174)
Net cash provided by operating activities		114,492	40,673
Cash Flows from Investing Activities:
Net change in loans and leases		(302,580)	(258,829)
Net decrease in retail and certificate loans		17,480	64,280
Purchases of securities available for sale		(37,245)	(166,123)
Proceeds from maturities and paydowns of securities available for sale		9,000	24,990
Purchases of property, equipment and software, net		(16,398)	(21,575)
Other investing activities		(6,671)	(2,967)
Net cash used for investing activities		(336,414)	(360,224)
Cash Flows from Financing Activities:
Net change in deposits		826,117	841,689
Principal payments on borrowings		(21,493)	(102,650)
Principal payments on retail notes and certificates		(17,480)	(64,358)
Other financing activities		(5,367)	(4,984)
Net cash provided by financing activities		781,777	669,697
Net Increase in Cash, Cash Equivalents and Restricted Cash		559,855	350,146
Cash, Cash Equivalents and Restricted Cash, Beginning of Period		1,124,484	763,586
Cash, Cash Equivalents and Restricted Cash, End of Period		1,684,339	1,113,732
Supplemental Cash Flow Information:
Cash paid for interest		51,608	10,223
Cash paid for operating leases included in the measurement of lease liabilities		3,156	4,895
Cash paid for taxes		4,526	670
Non-cash financing activity:
Derecognition of payable to securitization note and residual certificate holders held in consolidated VIE		0	36,072
Cash, Cash Equivalents, and Restricted Cash
Cash and cash equivalents		1,636,997
Restricted cash	[1]	47,342
Total cash, cash equivalents and restricted cash		$ 1,684,339	$ 1,113,732
[1]Includes amounts in consolidated variable interest entities (VIEs). See “ Notes to Condensed Consolidated Financial Statements – Note 6. Securitizations and Variable Interest Entities .”

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation On February 1, 2021, LendingClub Corporation (LendingClub) completed the acquisition (the Acquisition) of Radius Bancorp, Inc. (Radius), whereby LendingClub became a bank holding company and formed LendingClub Bank, National Association (LC Bank) as its wholly-owned subsidiary. The Company operates the vast majority of its business through LC Bank, as a lender and originator of loans and as a regulated bank in the United States. All intercompany balances and transactions have been eliminated in consolidation. These condensed consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP) for interim financial information and, in the opinion of management, contain all adjustments, including normal recurring adjustments, necessary for the fair statement of the results and financial position for the periods presented. These accounting principles require management to make certain estimates and assumptions that affect the amounts in the accompanying financial statements. These estimates and assumptions are inherently subjective in nature and actual results may differ from these estimates and assumptions, and the differences could be material. Results reported in interim periods are not necessarily indicative of results for the full year or any other interim period. Certain prior period amounts in the condensed consolidated financial statements and accompanying notes have been reclassified to conform to the current period presentation. The accompanying interim condensed consolidated financial statements and these related notes should be read in conjunction with the consolidated financial statements and related notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022 (Annual Report) filed on February 9, 2023. Significant Accounting Policies The Company’s significant accounting policies are discussed in “ Part II – Item 8. Financial Statements and Supplementary Data – Note 1. Summary of Significant Accounting Policies ” in the Annual Report. There have been no changes to these significant accounting policies for the three-month period ended March 31, 2023, except for the impact of the new adopted accounting standard noted below. Adoption of New Accounting Standards The Company adopted the following new accounting standard during the three-month period ended March 31, 2023: In March 2022, the FASB issued Accounting Standards Update (ASU) 2022-02, Financial Instruments – Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures, which eliminates the accounting guidance on troubled debt restructurings (TDRs) for creditors that have adopted the Current Expected Credit Losses (CECL) model and adds a requirement to disclose current period gross charge-offs by year of origination. The Company adopted ASU 2022-02 as of January 1, 2023, on a prospective basis. The ASU updates the requirements related to accounting for credit losses under Accounting Standards Codification 326, including removing anticipatory TDRs and requiring the use of the post-modified effective interest rate when a discounted cash flow method is used in the CECL calculation. The ASU updates disclosures for creditors with respect to loan refinancings and restructurings for borrowers experiencing financial difficulty. New Accounting Standards Not Yet Adopted The FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting, and ASU 2022-06, Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848, which, if certain criteria are met, provide optional expedients and exceptions for applying GAAP to transactions affected by reference rate reform. The provisions of this topic are elective and may be applied prospectively as of the beginning of the reporting period when the election is made through December 31, 2024. The Company has plans to adopt this standard and concluded it does not have a material impact to the financial statements.

Marketplace Revenue

Marketplace Revenue	3 Months Ended
	Mar. 31, 2023
Revenue from Contract with Customer [Abstract]
Marketplace Revenue	Marketplace Revenue Marketplace revenue consists of (i) origination fees, (ii) servicing fees, (iii) gain (loss) on sales of loans and (iv) net fair value adjustments, as described below. Origination Fees: Origination fees are primarily fees earned related to originating and issuing unsecured personal loans that are held for sale. Servicing Fees: The Company receives servicing fees to compensate it for servicing loans on behalf of investors, including managing payments and collections from borrowers and payments to those investors. The amount of servicing fee revenue earned is predominantly affected by the servicing rates paid by investors and the outstanding principal balance of loans serviced for investors. Servicing fee revenue related to loans sold also includes the associated change in the fair value of servicing assets. Gain (Loss) on Sales of Loans: In connection with loan sales, the Company recognizes a gain or loss on the sale of loans based on the level to which the contractual servicing fee is above or below an estimated market rate of servicing. Additionally, the Company recognizes transaction costs, if any, as a loss on sale of loans. Net Fair Value Adjustments: The Company records fair value adjustments on loans that are recorded at fair value, including gains or losses from sale prices in excess of or less than the loan principal amount sold. The following table presents components of marketplace revenue for the periods presented: Three Months Ended 2023 2022 Origination fees $ 70,543 $ 122,093 Servicing fees 26,380 18,514 Gain on sales of loans 14,125 24,110 Net fair value adjustments (15,414) 15,249 Total marketplace revenue $ 95,634 $ 179,966

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2023
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share The following table details the computation of the Company’s Basic and Diluted EPS: Three Months Ended 2023 2022 Basic EPS: Net income attributable to stockholders $ 13,666 $ 40,836 Weighted-average common shares – Basic 106,912,139 101,493,561 Basic EPS $ 0.13 $ 0.40 Diluted EPS: Net income attributable to stockholders $ 13,666 $ 40,836 Weighted-average common shares – Diluted 106,917,770 105,052,904 Diluted EPS $ 0.13 $ 0.39 There were no weighted-average common shares that were excluded from the Company’s Diluted EPS computation during the first quarters of 2023 and 2022.

Securities Available for Sale

Securities Available for Sale	3 Months Ended
	Mar. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Securities Available for Sale	Securities Available for Sale The amortized cost, gross unrealized gains and losses, and fair value of available for sale (AFS) securities were as follows: March 31, 2023 Amortized Gross Gross Fair U.S. agency residential mortgage-backed securities $ 259,748 $ — $ (37,404) $ 222,344 U.S. agency securities 93,448 6 (13,245) 80,209 Commercial mortgage-backed securities 41,514 — (4,623) 36,891 Other asset-backed securities 25,629 50 (739) 24,940 Asset-backed securities related to Structured Program transactions 4,784 8,309 — 13,093 Municipal securities 3,272 — (721) 2,551 Total securities available for sale (1) $ 428,395 $ 8,365 $ (56,732) $ 380,028 December 31, 2022 Amortized Gross Gross Fair U.S. agency residential mortgage-backed securities $ 255,675 $ — $ (41,248) $ 214,427 U.S. agency securities 90,447 — (16,053) 74,394 Commercial mortgage-backed securities 26,988 — (4,470) 22,518 Asset-backed securities related to Structured Program transactions 8,322 9,395 — 17,717 Other asset-backed securities 14,959 29 (785) 14,203 Municipal securities 3,277 — (834) 2,443 Total securities available for sale (1) $ 399,668 $ 9,424 $ (63,390) $ 345,702 (1) As of March 31, 2023 and December 31, 2022, includes $356.9 million and $319.0 million, respectively, of fair value securities pledged as collateral. A summary of AFS securities with unrealized losses for which a credit valuation allowance has not been recorded, aggregated by period of continuous unrealized loss, is as follows: Less than 12 months Total March 31, 2023 Fair Unrealized Fair Unrealized Fair Unrealized U.S. agency residential mortgage-backed securities $ 26,101 $ (1,125) $ 196,243 $ (36,279) $ 222,344 $ (37,404) U.S. agency securities 8,759 (241) 68,443 (13,004) 77,202 (13,245) Commercial mortgage-backed securities 14,602 (314) 22,289 (4,309) 36,891 (4,623) Other asset-backed securities 4,021 (14) 9,433 (725) 13,454 (739) Municipal securities — — 2,551 (721) 2,551 (721) Total securities with unrealized losses $ 53,483 $ (1,694) $ 298,959 $ (55,038) $ 352,442 $ (56,732) Less than 12 months Total December 31, 2022 Fair Unrealized Fair Unrealized Fair Unrealized U.S. agency residential mortgage-backed securities $ 111,843 $ (15,831) $ 102,584 $ (25,417) $ 214,427 $ (41,248) U.S. agency securities 50,352 (7,213) 24,042 (8,840) 74,394 (16,053) Commercial mortgage-backed securities 2,441 (229) 20,077 (4,241) 22,518 (4,470) Other asset-backed securities 4,086 (73) 6,945 (712) 11,031 (785) Municipal securities — — 2,443 (834) 2,443 (834) Total securities with unrealized losses $ 168,722 $ (23,346) $ 156,091 $ (40,044) $ 324,813 $ (63,390) There was no activity in the allowance for AFS securities during the first quarters of 2023 and 2022. At March 31, 2023, the majority of the Company’s AFS investment portfolio was comprised of U.S. agency-backed securities. Management considers these securities to be of the highest credit quality and rating given the guarantee of principal and interest by certain U.S. government agencies. The remaining securities in an unrealized loss position in the Company’s AFS investment portfolio at March 31, 2023, were rated investment grade. Substantially all of these unrealized losses in the AFS investment portfolio were caused by interest rate increases. The Company does not intend to sell the investment portfolio, and it is not more likely than not that it will be required to sell any investment before recovery of its amortized cost basis. For a description of management’s quarterly evaluation of AFS securities in an unrealized loss position, see “ Part II – Item 8. Financial Statements and Supplementary Data – Note 1. Summary of Significant Accounting Policies ” in our Annual Report. The contractual maturities of AFS securities were as follows: March 31, 2023 Amortized Cost Fair Value Weighted- average Yield (1) Due after 1 year through 5 years: U.S. agency securities $ 9,000 $ 8,675 Commercial mortgage-backed securities 1,026 939 U.S. agency residential mortgage-backed securities 4 4 Total due after 1 year through 5 years 10,030 9,618 3.33 % Due after 5 years through 10 years: U.S. agency securities 15,848 14,642 Other asset-backed securities 11,900 11,919 U.S. agency residential mortgage-backed securities 5,872 5,528 Commercial mortgage-backed securities 2,835 2,411 Municipal securities 623 550 Total due after 5 years through 10 years 37,078 35,050 3.81 % Due after 10 years: U.S. agency residential mortgage-backed securities 253,872 216,812 U.S. agency securities 68,600 56,892 Commercial mortgage-backed securities 37,653 33,541 Other asset-backed securities 13,729 13,021 Municipal securities 2,649 2,001 Total due after 10 years 376,503 322,267 2.67 % Asset-backed securities related to Structured Program transactions 4,784 13,093 99.40 % Total securities available for sale $ 428,395 $ 380,028 3.87 % (1) The weighted-average yield is computed using the amortized cost at March 31, 2023.

Loans and Leases Held for Inves

Loans and Leases Held for Investment at Amortized Cost, Net of Allowance for Loan and Lease Losses	3 Months Ended
	Mar. 31, 2023
Loans and Leases Receivable Disclosure [Abstract]
Loans and Leases Held for Investment at Amortized Cost, Net of Allowance for Loan and Lease Losses	Loans and Leases Held for Investment at Amortized Cost, Net of Allowance for Loan and Lease Losses LendingClub records certain loans and leases held for investment (HFI) at amortized cost, whereas certain HFI and all held for sale (HFS) loans are recorded at fair value with the Company’s election of the fair value option. Net a ccrued interest receivable is excluded from the amortized cost basis of loans and leases HFI and is reported within “Other assets” on the Balance Sheet . Net accrued interest receivable related to loans and leases HFI at amortized cost was $31.2 million and $27.9 million as of March 31, 2023 and December 31, 2022, respectively . Loans and Leases Held for Investment at Amortized Cost The Company defines its loans and leases HFI portfolio segments as (i) consumer and (ii) commercial. The following table presents the components of each portfolio segment by class of financing receivable: March 31, 2023 December 31, 2022 Unsecured personal $ 4,319,148 $ 3,866,373 Residential mortgages 197,728 199,601 Secured consumer 212,748 194,634 Total consumer loans held for investment 4,729,624 4,260,608 Equipment finance (1) 153,905 160,319 Commercial real estate 372,770 373,501 Commercial and industrial (2) 235,639 238,726 Total commercial loans and leases held for investment 762,314 772,546 Total loans and leases held for investment 5,491,938 5,033,154 Allowance for loan and lease losses (348,857) (327,852) Loans and leases held for investment, net (3) $ 5,143,081 $ 4,705,302 (1) Comprised of sales-type leases for equipment. See “ Note 16. Leases ” for additional information. (2) Includes $51.1 million and $67.0 million of pledged loans under the Paycheck Protection Program (PPP) as of March 31, 2023 and December 31, 2022, respectively. (3) As of March 31, 2023 and December 31, 2022, the Company had $278.6 million and $283.6 million in loans pledged as collateral under the Federal Reserve Bank (FRB) Discount Window, respectively. In addition, as of both March 31, 2023 and December 31, 2022, the Company had $156.2 million in loans pledged to the Federal Home Loan Bank ( FHLB) of Des Moines. March 31, 2023 Gross ALLL Net Allowance Ratios (1) Total consumer loans held for investment $ 4,729,624 $ 333,546 $ 4,396,078 7.1 % Total commercial loans and leases held for investment 762,314 15,311 747,003 2.0 % Total loans and leases held for investment $ 5,491,938 $ 348,857 $ 5,143,081 6.4 % December 31, 2022 Gross ALLL Net Allowance Ratios (1) Total consumer loans held for investment $ 4,260,608 $ 312,489 $ 3,948,119 7.3 % Total commercial loans and leases held for investment 772,546 15,363 757,183 2.0 % Total loans and leases held for investment $ 5,033,154 $ 327,852 $ 4,705,302 6.5 % (1) Calculated as the ratio of allowance for loan and lease losses (ALLL) to loans and leases HFI at amortized cost. The activity in the ACL by portfolio segment was as follows: Three Months Ended March 31, 2023 2022 Consumer Commercial Total Consumer Commercial Total Allowance for loan and lease losses, beginning of period $ 312,489 $ 15,363 $ 327,852 $ 128,812 $ 15,577 $ 144,389 Credit loss expense for loans and leases held for investment 70,684 166 70,850 53,718 (1,490) 52,228 Charge-offs (1) (52,212) (351) (52,563) (9,017) (72) (9,089) Recoveries 2,585 133 2,718 344 113 457 Allowance for loan and lease losses, end of period $ 333,546 $ 15,311 $ 348,857 $ 173,857 $ 14,128 $ 187,985 Reserve for unfunded lending commitments, beginning of period $ 18 $ 1,860 $ 1,878 $ — $ 1,231 $ 1,231 Credit loss expense for unfunded lending commitments 49 (315) (266) — 281 281 Reserve for unfunded lending commitments, end of period (2) $ 67 $ 1,545 $ 1,612 $ — $ 1,512 $ 1,512 (1) Unsecured personal loans are charged-off when a borrower is (i) contractually 120 days past due or (ii) two payments past due and has filed for bankruptcy or is deceased. (2) Relates to $117.2 million and $109.5 million of unfunded commitments as of March 31, 2023 and March 31, 2022, respectively. The following table presents gross charge-offs by origination year for the period presented: Three Months Ended March 31, 2023 Gross Charge-Offs by Origination Year 2023 2022 2021 2020 2019 Prior Total Unsecured personal $ — $ 25,413 $ 26,123 $ — $ — $ — $ 51,536 Residential mortgages — — — — — — — Secured consumer — 468 208 — — — 676 Total consumer loans held for investment — 25,881 26,331 — — — 52,212 Equipment finance — — — — — — — Commercial real estate — — — — — — — Commercial and industrial — — — — 318 33 351 Total commercial loans and leases held for investment — — — — 318 33 351 Total loans and leases held for investment $ — $ 25,881 $ 26,331 $ — $ 318 $ 33 $ 52,563 The Company modifies loans for borrowers experiencing financial difficulty. Such modifications primarily include principal forgiveness, term extensions and/or interest rate reductions. Given that unsecured personal loans typically charge-off within a few months following modification, the total amortized cost balances are not significant for the period presented. Consumer Lending Credit Quality Indicators The Company evaluates the credit quality of its consumer loan portfolio based on the aging status of the loan and by payment activity. Loan delinquency reporting is based upon borrower payment activity relative to the contractual terms of the loan. The following tables present the classes of financing receivables within the consumer portfolio segment by credit quality indicator based on delinquency status and origination year: March 31, 2023 Term Loans and Leases by Origination Year 2023 2022 2021 2020 2019 Prior Total Unsecured personal Current $ 893,506 $ 2,538,186 $ 821,772 $ — $ — $ — $ 4,253,464 30-59 days past due 1,142 16,076 9,723 — — — 26,941 60-89 days past due — 12,520 7,239 — — — 19,759 90 or more days past due — 10,782 8,202 — — — 18,984 Total unsecured personal 894,648 2,577,564 846,936 — — — 4,319,148 Residential mortgages Current 45 50,069 57,970 30,654 21,517 37,076 197,331 30-59 days past due — — — — — 230 230 60-89 days past due — — — — — — — 90 or more days past due — — — — — 167 167 Total residential mortgages 45 50,069 57,970 30,654 21,517 37,473 197,728 Secured consumer Current 36,276 137,912 33,669 — 2,522 — 210,379 30-59 days past due 18 1,271 633 — — — 1,922 60-89 days past due — 170 90 — — — 260 90 or more days past due — 139 48 — — — 187 Total secured consumer 36,294 139,492 34,440 — 2,522 — 212,748 Total consumer loans held for investment $ 930,987 $ 2,767,125 $ 939,346 $ 30,654 $ 24,039 $ 37,473 $ 4,729,624 December 31, 2022 Term Loans and Leases by Origination Year 2022 2021 2020 2019 2018 Prior Total Unsecured personal Current $ 2,835,460 $ 977,224 $ — $ — $ — $ — $ 3,812,684 30-59 days past due 11,149 9,867 — — — — 21,016 60-89 days past due 7,785 8,633 — — — — 16,418 90 or more days past due 6,813 9,442 — — — — 16,255 Total unsecured personal 2,861,207 1,005,166 — — — — 3,866,373 Residential mortgages Current 49,721 58,353 31,465 21,683 4,546 33,248 199,016 30-59 days past due — — — — — — — 60-89 days past due — — — — — 254 254 90 or more days past due — — — — — 331 331 Total residential mortgages 49,721 58,353 31,465 21,683 4,546 33,833 199,601 Secured consumer Current 151,725 38,076 — 2,543 — — 192,344 30-59 days past due 1,017 703 — — — — 1,720 60-89 days past due 235 147 — — — — 382 90 or more days past due 116 72 — — — — 188 Total secured consumer 153,093 38,998 — 2,543 — — 194,634 Total consumer loans held for investment $ 3,064,021 $ 1,102,517 $ 31,465 $ 24,226 $ 4,546 $ 33,833 $ 4,260,608 Commercial Lending Credit Quality Indicators The Company evaluates the credit quality of its commercial loan portfolio based on regulatory risk ratings. The Company categorizes loans and leases into risk ratings based on relevant information about the quality and realizable value of collateral, if any, and the ability of borrowers to service their debts, such as current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Company analyzes loans and leases individually by classifying the loans and leases based on their associated credit risk and performs this analysis whenever credit is extended, renewed or modified, or when an observable event occurs indicating a potential decline in credit quality, and no less than annually for large balance loans. Risk rating classifications consist of the following: Pass – Loans and leases that the Company believes will fully repay in accordance with the contractual loan terms. Special Mention – Loans and leases with a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or the Company’s credit position at some future date. Substandard – Loans and leases that are inadequately protected by the current sound worth and paying capacity of the obligator or of the collateral pledged, if any. Loans and leases so classified have a well-defined weakness or weaknesses that jeopardize the repayment and liquidation of the debt. They are characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected. Normal payment from the borrower is in jeopardy, although loss of principal, while still possible, is not imminent. Doubtful – Loans and leases that have all the weaknesses inherent in those classified as Substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently known facts, conditions, and values, highly questionable and improbable. Loss – Loans and leases that are considered uncollectible and of little value. The following tables present the classes of financing receivables within the commercial portfolio segment by risk rating and origination year: March 31, 2023 Term Loans and Leases by Origination Year 2023 2022 2021 2020 2019 Prior Total Equipment finance Pass $ 3,920 $ 56,720 $ 35,474 $ 22,901 $ 14,527 $ 14,135 $ 147,677 Special mention — — 1,989 — 3,468 — 5,457 Substandard — — — 771 — — 771 Doubtful — — — — — — — Loss — — — — — — — Total equipment finance 3,920 56,720 37,463 23,672 17,995 14,135 153,905 Commercial real estate Pass 9,937 95,093 44,483 44,411 52,521 85,428 331,873 Special mention — — — — 260 10,021 10,281 Substandard — 3,904 6,848 8,415 241 10,582 29,990 Doubtful — — — — — — — Loss — — — — 68 558 626 Total commercial real estate 9,937 98,997 51,331 52,826 53,090 106,589 372,770 Commercial and industrial Pass 16,071 71,533 83,592 22,658 10,950 14,107 218,911 Special mention — 787 30 112 439 647 2,015 Substandard — — 4,589 732 3,861 3,887 13,069 Doubtful — — — — — 286 286 Loss — — — — — 1,358 1,358 Total commercial and industrial (1) 16,071 72,320 88,211 23,502 15,250 20,285 235,639 Total commercial loans and leases held for investment $ 29,928 $ 228,037 $ 177,005 $ 100,000 $ 86,335 $ 141,009 $ 762,314 (1) Includes $51.1 million of PPP loans. December 31, 2022 Term Loans and Leases by Origination Year 2022 2021 2020 2019 2018 Prior Total Equipment finance Pass $ 59,227 $ 38,218 $ 25,014 $ 15,785 $ 11,880 $ 3,444 $ 153,568 Special mention — 2,094 — 3,759 — 5,853 Substandard — — 859 — 39 — 898 Doubtful — — — — — — — Loss — — — — — — — Total equipment finance 59,227 40,312 25,873 19,544 11,919 3,444 160,319 Commercial real estate Pass 100,602 53,445 47,497 52,834 35,992 60,976 351,346 Special mention — — 8,415 260 1,237 405 10,317 Substandard — — — 643 2,404 8,215 11,262 Doubtful — — — — — — — Loss — — — — — 576 576 Total commercial real estate 100,602 53,445 55,912 53,737 39,633 70,172 373,501 Commercial and industrial Pass 61,076 99,264 24,726 13,866 5,174 10,831 214,937 Special mention — — — 483 163 455 1,101 Substandard — 9,361 4,529 3,623 797 2,820 21,130 Doubtful — — — — — 286 286 Loss — — — — 1 1,271 1,272 Total commercial and industrial (1) 61,076 108,625 29,255 17,972 6,135 15,663 238,726 Total commercial loans and leases held for investment $ 220,905 $ 202,382 $ 111,040 $ 91,253 $ 57,687 $ 89,279 $ 772,546 (1) Includes $67.0 million of PPP loans. The following tables present an analysis of the past due loans and leases HFI within the commercial portfolio segment: March 31, 2023 30-59 60-89 90 or More Days Total Equipment finance $ 3,020 $ — $ 771 $ 3,791 Commercial real estate 8,251 2,112 103 10,466 Commercial and industrial (1) 941 — 1,608 2,549 Total commercial loans and leases held for investment $ 12,212 $ 2,112 $ 2,482 $ 16,806 December 31, 2022 30-59 60-89 90 or More Total Equipment finance $ 3,172 $ — $ 859 $ 4,031 Commercial real estate — 102 — 102 Commercial and industrial (1) — — 1,643 1,643 Total commercial loans and leases held for investment $ 3,172 $ 102 $ 2,502 $ 5,776 (1) Past due PPP loans are excluded from the tables. Nonaccrual Assets Nonaccrual loans and leases are those for which accrual of interest has been suspended. Loans and leases are generally placed on nonaccrual status when contractually past due 90 days or more, or earlier if management believes that the probability of collection does not warrant further accrual, and are charged-off no later than 120 days past due. The following table presents nonaccrual loans and leases: March 31, 2023 December 31, 2022 Nonaccrual (1) Nonaccrual with no related ACL (2) Nonaccrual (1) Nonaccrual with no related ACL (2) Unsecured personal $ 18,986 $ — $ 16,255 $ — Residential mortgages 326 326 331 331 Secured consumer 187 — 188 — Total nonaccrual consumer loans held for investment 19,499 326 16,774 331 Equipment finance 771 — 898 39 Commercial real estate 9,290 1,039 1,018 1,018 Commercial and industrial 8,832 2,002 16,137 1,229 Total nonaccrual commercial loans and leases held for investment 18,893 3,041 18,053 2,286 Total nonaccrual loans and leases held for investment $ 38,392 $ 3,367 $ 34,827 $ 2,617 (1) Excluding PPP loans, there were no loans and leases that were 90 days or more past due and accruing as of both March 31, 2023 and December 31, 2022. (2) Subset of total nonaccrual loans and leases. March 31, 2023 December 31, 2022 Nonaccrual Nonaccrual Ratios (1) Nonaccrual Nonaccrual Ratios (1) Total nonaccrual consumer loans held for investment $ 19,499 0.4 % $ 16,774 0.4 % Total nonaccrual commercial loans and leases held for investment 18,893 2.5 % 18,053 2.3 % Total nonaccrual loans and leases held for investment $ 38,392 0.7 % $ 34,827 0.7 % (1) Calculated as the ratio of nonaccruing loans and leases to loans and leases HFI at amortized cost. Collateral-Dependent Assets

Securitizations and Variable In

Securitizations and Variable Interest Entities	3 Months Ended
	Mar. 31, 2023
Transfers and Servicing [Abstract]
Securitization and Variable Interest Entities	Securitizations and Variable Interest Entities VIE Assets and Liabilities The following tables provide the classifications of assets and liabilities on the Balance Sheet for the Company’s transactions with consolidated and unconsolidated VIEs. The Company’s transactions with VIEs include Structured Program transactions. The Company has various forms of involvement with VIEs, including servicing of loans and holding senior or subordinated residual interests in the VIEs. Additionally, the assets and liabilities in the tables below exclude intercompany balances that eliminate in consolidation: March 31, 2023 Consolidated VIEs Unconsolidated VIEs Total Assets Restricted cash $ 7,195 $ — $ 7,195 Securities available for sale at fair value — 13,093 13,093 Loans held for investment at fair value 2,663 — 2,663 Retail and certificate loans held for investment at fair value 1,316 — 1,316 Other assets 190 9,412 9,602 Total assets $ 11,364 $ 22,505 $ 33,869 Liabilities Borrowings $ 5,978 $ — $ 5,978 Retail notes, certificates and secured borrowings at fair value 1,316 — 1,316 Other liabilities 19 — 19 Total liabilities 7,313 — 7,313 Total net assets $ 4,051 $ 22,505 $ 26,556 December 31, 2022 Consolidated VIEs Unconsolidated VIEs Total Assets Restricted cash $ 8,048 $ — $ 8,048 Securities available for sale at fair value — 17,717 17,717 Loans held for investment at fair value 3,994 — 3,994 Retail and certificate loans held for investment at fair value 1,946 — 1,946 Other assets 206 10,464 10,670 Total assets $ 14,194 $ 28,181 $ 42,375 Liabilities Borrowings $ 8,085 $ — $ 8,085 Retail notes, certificates and secured borrowings at fair value 1,946 — 1,946 Other liabilities 29 — 29 Total liabilities 10,060 — 10,060 Total net assets $ 4,134 $ 28,181 $ 32,315 Unconsolidated VIEs The remaining principal balance of loans held by unconsolidated VIEs was $356.6 million and $457.8 million as of March 31, 2023 and December 31, 2022, respectively. For unconsolidated VIEs, “Total net assets” indicates the Company’s maximum exposure to loss, however, the balance continues to decline due to the ongoing paydown of loan balances from prior Structured Program transactions. Maximum exposure represents estimated loss that would be incurred under severe, hypothetical circumstances, for which the Company believes the possibility is extremely remote, such as where the value of interests and any associated collateral declines to zero. Accordingly, this required disclosure is not an indication of expected losses. The following table summarizes activity related to the unconsolidated VIEs, with the transfers accounted for as a sale on the Company’s financial statements: Three Months Ended 2022 Principal derecognized from loans securitized or sold $ 41,023 Net gains recognized from loans securitized or sold $ 259 Fair value of asset-backed securities related to Structured Program transactions retained upon settlement $ 2,180 Cash proceeds $ 5,800 Proceeds from sale of securities by consolidated VIE $ 5,320 There was no activity related to unconsolidated VIEs during the first quarter of 2023. The investors holding senior securities issued by the unconsolidated VIEs have rights to their contractual cash flows prior to the Company and other investors that hold subordinated interests. There is no direct recourse to the Company’s assets, and holders of the securities can look only to those assets of the VIEs that issued their securities for payment. The beneficial interests held by the Company are subject principally to the credit and prepayment risk stemming from the underlying unsecured personal loans. As of March 31, 2023, the aggregate unpaid principal balance of the off-balance sheet loans related to unconsolidated VIEs was $303.1 million, of which $10.6 million was attributable to off-balance sheet loans that were 31 days or more past due. As of December 31, 2022, the aggregate unpaid principal balance of the off-balance sheet loans related to unconsolidated VIEs was $433.5 million, of which $14.8 million was attributable to off-balance sheet loans that were 31 days or more past due. For such loans, the Company would only experience a loss if it was required to repurchase a loan due to a breach in representations and warranties associated with its loan sale or servicing contracts.

Fair Value of Assets and Liabil

Fair Value of Assets and Liabilities	3 Months Ended
	Mar. 31, 2023
Fair Value Disclosures [Abstract]
Fair Value of Assets and Liabilities	Fair Value of Assets and Liabilities For a description of the fair value hierarchy and the Company’s fair value methodologies, see “ Part II – Item 8. Financial Statements and Supplementary Data – Note 1. Summary of Significant Accounting Policies ” in the Annual Report. The Company records certain assets and liabilities at fair value as listed in the following tables. Financial Instruments, Assets and Liabilities Recorded at Fair Value The following tables present the fair value hierarchy for assets and liabilities measured at fair value: March 31, 2023 Level 1 Inputs Level 2 Inputs Level 3 Inputs Balance at Assets: Loans held for sale at fair value $ — $ — $ 44,647 $ 44,647 Loans held for investment at fair value — — 748,618 748,618 Retail and certificate loans held for investment at fair value — — 38,855 38,855 Securities available for sale: U.S. agency residential mortgage-backed securities — 222,344 — 222,344 U.S. agency securities — 80,209 — 80,209 Commercial mortgage-backed securities — 36,891 — 36,891 Other asset-backed securities — 24,940 — 24,940 Asset-backed securities related to Structured Program transactions — 2,696 10,397 13,093 Municipal securities — 2,551 — 2,551 Total securities available for sale — 369,631 10,397 380,028 Servicing assets — — 89,241 89,241 Other assets — 3,885 — 3,885 Total assets $ — $ 373,516 $ 931,758 $ 1,305,274 Liabilities: Borrowings $ — $ — $ 5,978 $ 5,978 Retail notes, certificates and secured borrowings — — 38,855 38,855 Other liabilities — 3,885 2,235 6,120 Total liabilities $ — $ 3,885 $ 47,068 $ 50,953 December 31, 2022 Level 1 Inputs Level 2 Inputs Level 3 Inputs Balance at Assets: Loans held for sale at fair value $ — $ — $ 110,400 $ 110,400 Loans held for investment at fair value — — 925,938 925,938 Retail and certificate loans held for investment at fair value — — 55,425 55,425 Securities available for sale: U.S. agency residential mortgage-backed securities — 214,427 — 214,427 U.S. agency securities — 74,394 — 74,394 Commercial mortgaged-backed securities — 22,518 — 22,518 Other asset-backed securities — 14,203 — 14,203 Asset-backed securities related to Structured Program transactions — 5,248 12,469 17,717 Municipal securities — 2,443 — 2,443 Total securities available for sale — 333,233 12,469 345,702 Servicing assets — — 84,308 84,308 Other assets — — 5,099 5,099 Total assets $ — $ 333,233 $ 1,193,639 $ 1,526,872 Liabilities: Borrowings $ — $ — $ 8,085 8,085 Retail notes, certificates and secured borrowings — — 55,425 55,425 Other liabilities — — 8,583 8,583 Total liabilities $ — $ — $ 72,093 $ 72,093 Financial instruments are categorized in the valuation hierarchy based on the significance of observable or unobservable factors in the overall fair value measurement. For the financial instruments listed in the tables above that do not trade in an active market with readily observable prices, the Company uses significant unobservable inputs to measure the fair value of these assets and liabilities. These fair value estimates may also include observable, actively quoted components derived from external sources. As a result, changes in fair value for assets and liabilities within the Level 2 or Level 3 categories may include changes in fair value that were attributable to observable and unobservable inputs, respectively. The Company primarily uses a discounted cash flow (DCF) model to estimate the fair value of Level 3 instruments based on the present value of estimated future cash flows. This model uses inputs that are inherently judgmental and reflect the Company’s best estimates of the assumptions a market participant would use to calculate fair value. The Company did not transfer any assets or liabilities in or out of Level 3 during the first quarters of 2023 or 2022. Loans Held for Sale at Fair Value As of both March 31, 2023 and December 31, 2022, the majority of loans HFS were sold shortly after origination and at committed prices. Therefore, the Company is generally not exposed to fair value fluctuations to the committed prices as a result of adverse changes in key assumptions. Fair Value Reconciliation The following tables present additional information about Level 3 loans HFS on a recurring basis: Balance at December 31, 2022 $ 110,400 Originations and purchases 1,205,029 Sales (1,247,246) Principal payments (6,465) Fair value adjustments recorded in earnings (17,071) Balance at March 31, 2023 $ 44,647 Balance at December 31, 2021 $ 142,370 Originations and purchases 2,270,925 Sales (2,257,701) Principal payments (13,336) Fair value adjustments recorded in earnings 14,472 Balance at March 31, 2022 $ 156,730 Loans Held for Investment at Fair Value Significant Unobservable Inputs The following table presents quantitative information about the significant unobservable inputs used for the Company’s Level 3 loans HFI at fair value: March 31, 2023 December 31, 2022 Minimum Maximum Weighted- Average Minimum Maximum Weighted- Average Discount rates 8.7 % 16.9 % 12.7 % 8.8 % 17.1 % 12.7 % Net cumulative expected loss rates (1) 2.1 % 9.9 % 5.9 % 2.1 % 9.8 % 5.7 % Cumulative expected prepayment rates (1) 21.1 % 29.7 % 26.2 % 26.2 % 35.3 % 30.8 % (1) Expressed as a percentage of the acquired principal balance of the loan. Significant Recurring Level 3 Fair Value Input Sensitivity The sensitivity of loans HFI at fair value to adverse changes in key assumptions are as follows: March 31, 2023 December 31, 2022 Loans held for investment at fair value $ 748,618 $ 925,938 Expected weighted-average life (in years) 0.9 0.9 Discount rates: 100 basis point increase $ (5,987) $ (7,471) 200 basis point increase $ (11,885) $ (14,830) Expected credit loss rates on underlying loans: 10% increase $ (4,350) $ (5,574) 20% increase $ (8,869) $ (11,307) Expected prepayment rates: 10% increase $ (3,336) $ (4,311) 20% increase $ (6,259) $ (7,480) Fair Value Reconciliation The following table presents additional information about Level 3 loans HFI at fair value on a recurring basis: Balance at December 31, 2022 $ 925,938 Purchases 4,037 Principal payments (186,451) Interest income accretion and fair value adjustments recorded in earnings 5,094 Balance at March 31, 2023 $ 748,618 Balance at December 31, 2021 $ 21,240 Purchases 14 Principal payments (6,023) Interest income accretion and fair value adjustments recorded in earnings 153 Balance at March 31, 2022 $ 15,384 Retail and Certificate Loans and Related Notes, Certificates and Secured Borrowings The Company does not assume principal or interest rate risk on loans that were funded by its member payment- dependent self-directed retail program (Retail Program) because loan balances, interest rates and maturities are matched and offset by an equal balance of notes with the exact same interest rates and maturities. At March 31, 2023 and December 31, 2022, the DCF methodology used to estimate the retail note, certificate and secured borrowings’ fair values used the same projected net cash flows as their related loans. Therefore, the fair value adjustments for retail loans held for investment were largely offset by the corresponding fair value adjustments due to the payment dependent design of the retail notes, certificates and secured borrowings. S ervicing Assets Significant Unobservable Inputs The following table presents quantitative information about the significant unobservable inputs used for the Company’s Level 3 fair value measurements for servicing assets relating to loans sold to investors: March 31, 2023 December 31, 2022 Minimum Maximum Weighted- Minimum Maximum Weighted- Discount rates 7.5 % 16.4 % 10.0 % 7.5 % 16.4 % 10.1 % Net cumulative expected loss rates (1) 2.0 % 37.3 % 16.0 % 2.1 % 36.7 % 15.6 % Cumulative expected prepayment rates (1) 17.8 % 47.5 % 32.3 % 15.8 % 47.2 % 35.9 % Total market servicing rates (% per annum on outstanding principal balance) (2) 0.62 % 0.62 % 0.62 % 0.62 % 0.62 % 0.62 % (1) Expressed as a percentage of the original principal balance of the loan. (2) Includes collection fees estimated to be paid to a hypothetical third-party servicer. Significant Recurring Level 3 Fair Value Input Sensitivity The Company’s selection of the most representative market servicing rates for servicing assets is inherently judgmental. The Company reviews third-party servicing rates for its loans, loans in similar credit sectors, and market servicing benchmarking analyses provided by third-party valuation firms, when available. The table below shows the impact on the estimated fair value of servicing assets, calculated using different market servicing rate assumptions: March 31, 2023 December 31, 2022 Weighted-average market servicing rate assumptions 0.62 % 0.62 % Change in fair value from: Servicing rate increase by 0.10% $ (10,401) $ (10,505) Servicing rate decrease by 0.10% $ 10,401 $ 10,505 The following table presents the fair value sensitivity of servicing assets to adverse changes in key assumptions: March 31, 2023 December 31, 2022 Fair value of servicing assets $ 89,241 $ 84,308 Discount rates 100 basis point increase $ (768) $ (726) 200 basis point increase $ (1,536) $ (1,451) Expected loss rates 10% increase $ (1,175) $ (1,037) 20% increase $ (2,351) $ (2,074) Expected prepayment rates 10% increase $ (1,772) $ (1,994) 20% increase $ (3,544) $ (3,989) Fair Value Reconciliation The following table presents additional information about Level 3 servicing assets measured at fair value on a recurring basis: Three Months Ended 2023 2022 Fair value at beginning of period $ 84,308 $ 67,726 Issuances (1) 14,125 22,365 Change in fair value, included in Marketplace revenue (12,576) (16,979) Other net changes 3,384 (1,000) Fair value at end of period $ 89,241 $ 72,112 (1) Represents the gains or losses on sales of the related loans. Financial Instruments, Assets and Liabilities Not Recorded at Fair Value The following tables present the fair value hierarchy for financial instruments, assets, and liabilities not recorded at fair value: March 31, 2023 Carrying Amount Level 1 Inputs Level 2 Inputs Level 3 Inputs Balance at Assets: Loans and leases held for investment, net $ 5,143,081 $ — $ — $ 5,374,911 $ 5,374,911 Other assets 38,595 — 37,407 1,530 38,937 Total assets $ 5,181,676 $ — $ 37,407 $ 5,376,441 $ 5,413,848 Liabilities: Deposits (1) $ 1,110,114 $ — $ — $ 1,110,114 $ 1,110,114 Borrowings 47,002 — 1,392 45,610 47,002 Other liabilities 69,808 — 37,753 32,055 69,808 Total liabilities $ 1,226,924 $ — $ 39,145 $ 1,187,779 $ 1,226,924 December 31, 2022 Carrying Amount Level 1 Inputs Level 2 Inputs Level 3 Inputs Balance at Assets: Loans and leases held for investment, net $ 4,705,302 $ — $ — $ 4,941,825 $ 4,941,825 Other assets 36,646 — 35,300 1,397 36,697 Total assets $ 4,741,948 $ — $ 35,300 $ 4,943,222 $ 4,978,522 Liabilities: Deposits (1) $ 860,808 $ — $ — $ 860,808 $ 860,808 Borrowings 66,773 — 2,619 64,154 66,773 Other liabilities 62,247 — 30,311 31,936 62,247 Total liabilities $ 989,828 $ — $ 32,930 $ 956,898 $ 989,828 (1) Excludes deposit liabilities with no defined or contractual maturities.

Property, Equipment and Softwar

Property, Equipment and Software, Net	3 Months Ended
	Mar. 31, 2023
Property, Plant and Equipment [Abstract]
Property, Equipment and Software, Net	Property, Equipment and Software, Net Property, equipment and software, net, consist of the following: March 31, 2023 December 31, 2022 Software (1) $ 193,061 $ 174,360 Leasehold improvements 31,214 31,214 Computer equipment 24,256 27,410 Furniture and fixtures 6,088 6,088 Total property, equipment and software 254,619 239,072 Accumulated depreciation and amortization (110,578) (102,599) Total property, equipment and software, net $ 144,041 $ 136,473 (1) Includes $59.9 million and $43.7 million of development in progress for internally-developed software and $3.6 million and $3.0 million of development in progress to customize purchased software as of March 31, 2023 and December 31, 2022, respectively. Depreciation and amortization expense on property, equipment and software was $11.2 million and $9.5 million for the first quarters of 2023 and 2022, respectively.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	3 Months Ended
	Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets Goodwill The Company’s goodwill balance was $75.7 million as of both March 31, 2023 and December 31, 2022. The Company did not record any goodwill impairment expense for the first quarters of 2023 and 2022. Goodwill is not amortized, but is subject to annual impairment tests that are performed in the fourth quarter of each calendar year. For additional detail, see “ Part II – Item 8. Financial Statements and Supplementary Data – Note 1. Summary of Significant Accounting Policies ” in the Annual Report. Intangible Assets Intangible assets consist of customer relationships. Intangible assets, net of accumulated amortization, are included in “Other assets” on the Balance Sheet. The gross and net carrying values and accumulated amortization were as follows: March 31, 2023 December 31, 2022 Gross carrying value $ 54,500 $ 54,500 Accumulated amortization (39,299) (38,166) Net carrying value $ 15,201 $ 16,334 The customer relationship intangible assets are amortized on an accelerated basis from ten The expected future amortization expense for intangible assets as of March 31, 2023, is as follows: 2023 $ 3,065 2024 3,549 2025 2,901 2026 2,252 2027 1,603 Thereafter 1,831 Total $ 15,201

Other Assets

Other Assets	3 Months Ended
	Mar. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other Assets	Other Assets Other assets consist of the following: March 31, 2023 December 31, 2022 Deferred tax asset, net (1) $ 170,976 $ 173,687 Servicing assets (2) 90,429 85,654 Operating lease assets 57,335 63,872 Nonmarketable equity investments 44,991 38,320 Intangible assets, net (3) 15,201 16,334 Other 115,760 122,439 Total other assets $ 494,692 $ 500,306 (1) See “ Note 15. Income Taxes ” for additional detail. (2) Loans underlying servicing assets had a total outstanding principal balance of $10.7 billion and $11.0 billion as of March 31, 2023 and December 31, 2022, respectively. (3) See “ Note 9. Goodwill and Intangible Assets ” for additional detail.

Deposits

Deposits	3 Months Ended
	Mar. 31, 2023
Other Liabilities Disclosure [Abstract]
Deposits	Deposits Deposits consist of the following: March 31, 2023 December 31, 2022 Interest-bearing deposits: Savings and money market accounts $ 4,550,577 $ 3,616,657 Checking accounts 1,357,323 1,681,095 Certificates of deposit 1,110,114 860,808 Total $ 7,018,014 $ 6,158,560 Noninterest-bearing deposits 200,840 233,993 Total deposits $ 7,218,854 $ 6,392,553 Total certificates of deposit at March 31, 2023 are scheduled to mature as follows: 2023 $ 749,302 2024 339,416 2025 10,598 2026 1,107 2027 9,213 Thereafter 478 Total certificates of deposit $ 1,110,114 The following table presents the amount of certificates of deposit with denominations exceeding the Federal Deposit Insurance Corporation (FDIC) limit of $250 thousand, segregated by time remaining until maturity, as of March 31, 2023: Three months or less Over 3 months through Over 6 months through Over Total Certificates of deposit $ 303 $ 2,336 $ 7,573 $ 3,632 $ 13,844

Borrowings

Borrowings	3 Months Ended
	Mar. 31, 2023
Debt Disclosure [Abstract]
Borrowings	Borrowings Short-term Borrowings: The Company entered into repurchase agreements pursuant to which the Company sold securities (subject to an obligation to repurchase such securities at a specified future date and price) in exchange for cash. The aggregate debt outstanding under the Company’s repurchase agreements was $1.4 million and $2.6 million at March 31, 2023 and December 31, 2022, respectively. In addition, the Company has available borrowing capacity with the FRB and FHLB of Des Moines totaling $631.1 million and $605.5 million with pledged collateral totaling $786.9 million and $754.0 million at March 31, 2023 and December 31, 2022, respectively. Long-term Debt: The following table summarizes the Company’s long-term debt, as of the dates indicated: March 31, 2023 December 31, 2022 Advances from PPPLF (1) : Aggregate debt outstanding (fixed interest rate of 0.35%) $ 45,610 $ 64,154 Pledged collateral $ 51,112 $ 66,971 Retail notes, certificates and secured borrowings (2) : Aggregate debt outstanding $ 38,855 $ 55,425 Payable on Structured Program borrowings (3) : Aggregate debt outstanding $ 5,978 $ 8,085 Pledged collateral $ 7,568 $ 9,708 (1) Collateralized by SBA PPP loans originated by the Company. The maturity date of the PPPLF borrowings matches the maturity date of the pledged SBA PPP loans. When loans are forgiven by the SBA, the corresponding PPPLF advance is paid by the Company. (2) The Company does not assume principal or interest rate risk on loans that were funded by Retail Notes because loan balances, interest rates and maturities were matched and offset by an equal balance of notes with the exact same interest rates and maturities. As of December 31, 2020, LendingClub ceased offering and selling Retail Notes. The total balance of outstanding Retail Notes will continue to decline as underlying borrower payments are made. (3) Consists of certificate participations and securities of certain consolidated VIEs held by third-party investors and secured by “Loans held for investment at fair value” totaling $2.7 million and $4.0 million and “Restricted cash” of $4.9 million and $5.7 million as of March 31, 2023 and December 31, 2022, respectively.

Other Liabilities

Other Liabilities	3 Months Ended
	Mar. 31, 2023
Payables and Accruals [Abstract]
Other Liabilities	Other Liabilities Other liabilities consist of the following: March 31, 2023 December 31, 2022 Operating lease liabilities $ 70,406 $ 77,291 Accounts payable and accrued expenses 51,128 98,173 Payable to investors (1) 37,753 30,311 Other 93,300 86,842 Total other liabilities $ 252,587 $ 292,617 (1) Represents principal and interest on loans collected by the Company and pending disbursement to investors.

Employee Incentive Plans

Employee Incentive Plans	3 Months Ended
	Mar. 31, 2023
Postemployment Benefits [Abstract]
Employee Incentive Plans	Employee Incentive Plans The Company’s equity incentive plans provide for granting awards, including RSUs, PBRSUs, cash awards and stock options to employees, officers and directors. Stock-based Compensation Stock-based compensation expense, included in “Compensation and benefits” expense on the Income Statement, was as follows for the periods presented: Three Months Ended 2023 2022 RSUs and PBRSUs $ 14,292 $ 17,363 Stock options — 20 Stock-based compensation expense, gross 14,292 17,383 Less: Capitalized stock-based compensation expense 2,404 1,689 Stock-based compensation expense, net $ 11,888 $ 15,694 Restricted Stock Units The following table summarizes the activities for the Company’s RSUs: Number Weighted- Unvested at December 31, 2022 8,672,626 $ 12.94 Granted 5,794,645 $ 7.63 Vested (1,234,655) $ 12.78 Forfeited/expired (1,211,117) $ 13.30 Unvested at March 31, 2023 12,021,499 $ 10.36 During the first quarter of 2023, the Company granted 5,794,645 RSUs with an aggregate fair value of $44.2 million. As of March 31, 2023, there was $113.6 million of unrecognized compensation cost related to unvested RSUs, which is expected to be recognized over the next 2.2 years. Performance-based Restricted Stock Units PBRSUs are restricted stock unit awards that are earned and vest based upon the achievement of certain pre-established performance metrics over a pre-established performance period. The Company’s outstanding PBRSU awards each have a market-based performance metric with a three-year performance period. For these PBRSU awards, the compensation expense of the award is fixed at the time of grant (incorporating the probability of achieving the market-based metrics) and expensed over the performance period. The following table summarizes the activities for the Company’s PBRSUs: Number Weighted- Unvested at December 31, 2022 1,754,898 $ 11.19 Granted 687,992 $ 7.62 Vested (253,351) $ 5.48 Forfeited/expired (104,084) $ 11.77 Unvested at March 31, 2023 2,085,455 $ 10.67 During the first quarter of 2023, the Company granted 687,992 PBRSUs with an aggregate fair value of $5.2 million. As of March 31, 2023, there was $11.2 million of unrecognized compensation cost related to unvested PBRSUs, which is expected to be recognized over the next 1.8 years.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Income TaxesFor the first quarter of 2023, the Company recorded an income tax expense of $4.1 million, representing an effective tax rate of 23.2%. The effective tax rate differs from the statutory rate as it is favorably affected by recurring items such as tax credits and is unfavorably affected by nondeductible portions of executive compensation. For the first quarter of 2022, the Company recorded an income tax expense of $5.0 million, representing an effective tax rate of 10.9%, primarily related to income tax expense for state jurisdictions that limit net operating loss utilization. The increase in the quarterly effective tax rate is primarily related to the prior year tax benefits from the valuation allowance reversal. The following table summarizes the Company’s net deferred tax assets: March 31, 2023 December 31, 2022 Deferred tax assets, net of liabilities $ 218,636 $ 221,408 Valuation allowance (47,660) (47,721) Deferred tax assets, net of valuation allowance $ 170,976 $ 173,687

Leases

Leases	3 Months Ended
	Mar. 31, 2023
Leases [Abstract]
Leases	Leases Lessor Arrangements The Company has lessor arrangements which consist of sales-type leases for equipment (Equipment Finance). Such arrangements may include options to renew or to purchase the leased equipment at the end of the lease term. For the first quarters of 2023 and 2022, interest earned on Equipment Finance was $2.9 million and $2.6 million, respectively, and is included in “Interest and fees on loans and leases held for investment” on the Income Statement. The components of Equipment Finance assets are as follows: March 31, 2023 December 31, 2022 Lease receivables $ 131,840 $ 137,969 Unguaranteed residual asset values 36,584 39,262 Unearned income (15,329) (17,786) Deferred fees 810 874 Total $ 153,905 $ 160,319 Future minimum lease payments based on maturity of the Company’s lessor arrangements as of March 31, 2023 were as follows: 2023 $ 37,428 2024 40,395 2025 29,311 2026 17,135 2027 8,087 Thereafter 5,620 Total lease payments $ 137,976 Discount effect (6,136) Present value of future minimum lease payments $ 131,840 Lessee Arrangements The Company has operating leases for its headquarters in San Francisco, California, as well as additional office space in the Salt Lake City, Utah, and Boston, Massachusetts areas. As of March 31, 2023, the lease agreements have remaining lease terms ranging from approximately one year to eight years. Some of the lease agreements include options to extend the lease term for up to an additional fifteen years. As of March 31, 2023, the Company pledged $0.4 million of cash and $3.9 million in letters of credit as security deposits in connection with its lease agreements. Balance sheet information related to leases was as follows: ROU Assets and Lease Liabilities Balance Sheet Classification March 31, 2023 December 31, 2022 Operating lease assets Other assets $ 57,335 $ 63,872 Operating lease liabilities (1) Other liabilities $ 70,406 $ 77,291 (1) The difference between operating lease assets and operating lease liabilities is the unamortized balance of deferred rent. Components of net lease costs were as follows: Three Months Ended Net Lease Costs Income Statement Classification 2023 2022 Operating lease costs Occupancy $ (2,928) $ (4,480) Sublease revenue Other non-interest income — 1,537 Net lease costs $ (2,928) $ (2,943) Supplemental cash flow information related to the Company’s operating leases was as follows: Three Months Ended 2023 2022 Non-cash operating activity: Leased assets obtained or adjusted in exchange for new, amended, and modified operating lease liabilities (1) $ (4,664) $ — (1) Represents non-cash activity and, accordingly, is not reflected in the Condensed Consolidated Statements of Cash Flows. Amount includes noncash remeasurements of the operating lease ROU asset. The Company’s future minimum undiscounted lease payments under operating leases as of March 31, 2023 were as follows: Operating Lease 2023 $ 9,629 2024 12,798 2025 13,129 2026 11,710 2027 10,987 Thereafter 27,238 Total lease payments $ 85,491 Discount effect (15,085) Present value of future minimum lease payments $ 70,406 The weighted-average remaining lease term and discount rate used in the calculation of the Company’s operating lease assets and liabilities were as follows: Lease Term and Discount Rate March 31, 2023 Weighted-average remaining lease term (in years) 6.92 Weighted-average discount rate 5.38 %
Leases	Leases Lessor Arrangements The Company has lessor arrangements which consist of sales-type leases for equipment (Equipment Finance). Such arrangements may include options to renew or to purchase the leased equipment at the end of the lease term. For the first quarters of 2023 and 2022, interest earned on Equipment Finance was $2.9 million and $2.6 million, respectively, and is included in “Interest and fees on loans and leases held for investment” on the Income Statement. The components of Equipment Finance assets are as follows: March 31, 2023 December 31, 2022 Lease receivables $ 131,840 $ 137,969 Unguaranteed residual asset values 36,584 39,262 Unearned income (15,329) (17,786) Deferred fees 810 874 Total $ 153,905 $ 160,319 Future minimum lease payments based on maturity of the Company’s lessor arrangements as of March 31, 2023 were as follows: 2023 $ 37,428 2024 40,395 2025 29,311 2026 17,135 2027 8,087 Thereafter 5,620 Total lease payments $ 137,976 Discount effect (6,136) Present value of future minimum lease payments $ 131,840 Lessee Arrangements The Company has operating leases for its headquarters in San Francisco, California, as well as additional office space in the Salt Lake City, Utah, and Boston, Massachusetts areas. As of March 31, 2023, the lease agreements have remaining lease terms ranging from approximately one year to eight years. Some of the lease agreements include options to extend the lease term for up to an additional fifteen years. As of March 31, 2023, the Company pledged $0.4 million of cash and $3.9 million in letters of credit as security deposits in connection with its lease agreements. Balance sheet information related to leases was as follows: ROU Assets and Lease Liabilities Balance Sheet Classification March 31, 2023 December 31, 2022 Operating lease assets Other assets $ 57,335 $ 63,872 Operating lease liabilities (1) Other liabilities $ 70,406 $ 77,291 (1) The difference between operating lease assets and operating lease liabilities is the unamortized balance of deferred rent. Components of net lease costs were as follows: Three Months Ended Net Lease Costs Income Statement Classification 2023 2022 Operating lease costs Occupancy $ (2,928) $ (4,480) Sublease revenue Other non-interest income — 1,537 Net lease costs $ (2,928) $ (2,943) Supplemental cash flow information related to the Company’s operating leases was as follows: Three Months Ended 2023 2022 Non-cash operating activity: Leased assets obtained or adjusted in exchange for new, amended, and modified operating lease liabilities (1) $ (4,664) $ — (1) Represents non-cash activity and, accordingly, is not reflected in the Condensed Consolidated Statements of Cash Flows. Amount includes noncash remeasurements of the operating lease ROU asset. The Company’s future minimum undiscounted lease payments under operating leases as of March 31, 2023 were as follows: Operating Lease 2023 $ 9,629 2024 12,798 2025 13,129 2026 11,710 2027 10,987 Thereafter 27,238 Total lease payments $ 85,491 Discount effect (15,085) Present value of future minimum lease payments $ 70,406 The weighted-average remaining lease term and discount rate used in the calculation of the Company’s operating lease assets and liabilities were as follows: Lease Term and Discount Rate March 31, 2023 Weighted-average remaining lease term (in years) 6.92 Weighted-average discount rate 5.38 %

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Operating Lease Commitments For discussion regarding the Company’s operating lease commitments, see “ Note 16. Leases. ” Loan Repurchase Obligations The Company is generally required to repurchase loans or interests therein in the event of identity theft or certain other types of fraud on the part of the borrower or education and patient service providers. The Company may also repurchase loans or interests therein in connection with certain customer accommodations. In connection with certain loan sales, the Company agreed to repurchase loans if representations and warranties made with respect to such loans were breached under certain circumstances. The Company believes such provisions are customary and consistent with institutional loan and securitization market standards. Unfunded Loan Commitments As of March 31, 2023 and December 31, 2022, the contractual amount of unfunded loan commitments was $117.2 million and $138.0 million, respectively. See “ Note 5. Loans and Leases Held for Investment at Amortized Cost, Net of Allowance For Loan and Lease Losses ” for additional detail related to the reserve for unfunded lending commitments. Legal The Company is subject to various claims brought in a litigation or regulatory context. These matters include lawsuits, including but not limited to, putative class action lawsuits and routine litigation matters arising in the ordinary course of business. In addition, the Company, and its business practices and compliance with licensing and other regulatory requirements, is subject to periodic exams, investigations, inquiries or requests, enforcement actions and other proceedings from federal and state regulatory agencies, including from the federal banking regulators that directly regulate the Company and/or LC Bank. The majority of these claims and proceedings relate to or arise from alleged state or federal law and regulatory violations, or are alleged commercial disputes or consumer complaints. The Company accrues for costs related to contingencies when a loss from such claims is probable and the amount of loss can be reasonably estimated. In determining whether a loss from a claim is probable and the loss can be reasonably estimated, the Company reviews and evaluates its litigation and regulatory matters on at least a quarterly basis in light of potentially relevant factual and legal developments. If the Company determines an unfavorable outcome is not probable or the amount of loss cannot be reasonably estimated, the Company does not accrue for a potential litigation loss. In those situations, the Company discloses an estimate or range of the reasonably possible losses, if such estimates can be made. Except as otherwise specifically noted below, at this time, the Company does not believe that it is possible to estimate the reasonably possible losses or a range of reasonably possible losses related to the matters described below. Regulatory Examinations and Actions Relating to the Company’s Business Practices, Licensing and Compliance with Applicable Laws The Company is and has been subject to periodic inquiries, exams and enforcement actions brought by federal and state regulatory agencies relating to the Company’s business practices, the required licenses to operate its business, and operating in compliance with applicable laws, including the requirements of its licenses and the regulatory framework applicable to its business. The Company periodically has discussions with various regulatory agencies regarding its business model and has engaged in similar discussions with the New York Department of Financial Services (NYDFS). During the course of such discussions with the NYDFS, the Company decided to voluntarily comply with certain rules and regulations of the NYDFS while it was not a bank holding company operating a national bank. Post-Acquisition, the Company has returned its New York state license to the NYDFS. In the past, the Company has successfully resolved such matters in a manner that was not material to its results of financial operations in any period and that did not materially limit the Company’s ability to conduct its business. However, no assurances can be given as to the timing, outcome or consequences of these matters or other similar matters if or as they arise.

Regulatory Requirements

Regulatory Requirements	3 Months Ended
	Mar. 31, 2023
Regulated Operations [Abstract]
Regulatory Requirements	Regulatory Requirements LendingClub and LC Bank are subject to comprehensive supervision, examination and enforcement, and regulation by the FRB and the Office of the Comptroller of the Currency (OCC), including generally similar capital adequacy requirements adopted by the FRB and the OCC, respectively. These requirements establish required minimum ratios for Common Equity Tier 1 (CET1) risk-based capital, Tier 1 risk-based capital, total risk-based capital and a Tier 1 leverage ratio; set risk-weighting for assets and certain other items for purposes of the risk-based capital ratios; and define what qualifies as capital for purposes of meeting the capital requirements. Failure to meet minimum capital requirements can result in certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company. The minimum capital requirements under the Basel Committee on Banking Supervision standardized approach for U.S. banking organizations (U.S. Basel III) capital framework are: a CET1 risk-based capital ratio of 4.5%, a Tier 1 risk-based capital ratio of 6.0%, a total risk-based capital ratio of 8.0%, and a Tier 1 leverage ratio of 4.0%. Additionally, a Capital Conservation Buffer (CCB) of 2.5% must be maintained above the minimum risk-based capital requirements in order to avoid certain limitations on capital distributions, stock repurchases, and certain discretionary bonus payments. In addition to these guidelines, the regulators assess any particular institution’s capital adequacy based on numerous factors and may require a particular banking organization to maintain capital at levels higher than the generally applicable minimums prescribed under the U.S. Basel III capital framework. In this regard, and unless otherwise directed by the FRB and the OCC, we have made commitments for the Company and LC Bank (until February 2024) to maintain a CET1 risk-based capital ratio of 11.0%, a Tier 1 risk-based capital ratio above 11.0%, a total risk-based capital ratio above 13.0%, and a Tier 1 leverage ratio of 11.0%. The following table summarizes the Company’s regulatory capital amounts (in millions) and ratios: LendingClub March 31, 2023 December 31, 2022 Required Minimum plus Required CCB for Non-Leverage Ratios Amount Ratio Amount Ratio CET1 capital (1) $ 1,023.7 15.6 % $ 1,005.8 15.8 % 7.0 % Tier 1 capital $ 1,023.7 15.6 % $ 1,005.8 15.8 % 8.5 % Total capital $ 1,108.5 16.9 % $ 1,088.1 17.1 % 10.5 % Tier 1 leverage $ 1,023.7 12.8 % $ 1,005.8 14.1 % 4.0 % Risk-weighted assets $ 6,541.2 N/A $ 6,360.7 N/A N/A Quarterly adjusted average assets $ 8,016.1 N/A $ 7,119.0 N/A N/A N/A – Not applicable (1) Consists of common stockholders’ equity as defined under U.S. GAAP and certain adjustments made in accordance with regulatory capital guidelines, including the addition of the CECL transitional benefit and deductions for goodwill and other intangible assets. The following table summarizes LC Bank’s regulatory capital amounts (in millions) and ratios: LendingClub Bank March 31, 2023 December 31, 2022 Required Minimum plus Required CCB for Non-Leverage Ratios Amount Ratio Amount Ratio CET1 capital (1) $ 914.6 14.3 % $ 852.2 13.8 % 7.0 % Tier 1 capital $ 914.6 14.3 % $ 852.2 13.8 % 8.5 % Total capital $ 997.7 15.6 % $ 932.4 15.1 % 10.5 % Tier 1 leverage $ 914.6 11.7 % $ 852.2 12.5 % 4.0 % Risk-weighted assets $ 6,399.2 N/A $ 6,194.0 N/A N/A Quarterly adjusted average assets $ 7,787.5 N/A $ 6,795.2 N/A N/A N/A – Not applicable (1) Consists of common stockholders’ equity as defined under U.S. GAAP and certain adjustments made in accordance with regulatory capital guidelines, including the addition of the CECL transitional benefit and deductions for goodwill and other intangible assets. In response to the COVID-19 pandemic, the FRB, OCC, and FDIC adopted a final rule related to the regulatory capital treatment of the allowance for credit losses under CECL. As permitted by the rule, the Company elected to delay the estimated impact of CECL on regulatory capital resulting in a CET1 capital benefit of $35 million at December 31, 2021. This benefit is phased out over a three-year transition period that commenced on January 1, 2022 at a rate of 25% each year through January 1, 2025. The Federal Deposit Insurance Act provides for a system of “prompt corrective action” (PCA). The PCA regime provides for capitalization categories ranging from “well-capitalized” to “critically undercapitalized.” An institution’s PCA category is determined primarily by its regulatory capital ratios. The PCA requires remedial actions and imposes limitations that become increasingly stringent as its PCA capitalization category declines, including the ability to accept and/or rollover brokered deposits. At March 31, 2023 and December 31, 2022, the Company’s and LC Bank’s regulatory capital ratios exceeded the thresholds required to be regarded as well-capitalized institutions and met all capital adequacy requirements to which they are subject. There have been no events or conditions since March 31, 2023 that management believes would change the Company’s categorization. Federal laws and regulations limit the dividends that a national bank may pay. Dividends that may be paid by a national bank without the express approval of the OCC are limited to that bank’s retained net profits for the preceding two calendar years plus retained net profits up to the date of any dividend declaration in the current calendar year. Retained net profits, as defined by the OCC, consist of net income less dividends declared during the period. Additionally, under an Operating Agreement with the OCC (Operating Agreement), LC Bank is required to obtain a written determination of non-objection from the OCC before declaring any dividend. No dividends were declared by LC Bank during the first quarter of 2023 or during 2022. See “ Part I – Item 1. Business – Regulation and Supervision – Broad Powers to Ensure Safety and Soundness” in our Annual Report for further discussion regarding the Operating Agreement. Federal law restricts the amount and the terms of both credit and non-credit transactions between a bank and its nonbank affiliates. These covered transactions may not exceed 10% of the bank’s capital and surplus (which for this purpose represents tier 1 and tier 2 capital, as calculated under the risk-based capital rules, plus the balance of the ACL excluded from tier 2 capital) with any single nonbank affiliate and 20% of the bank’s capital and surplus with all its nonbank affiliates. Covered transactions that are extensions of credit may require collateral to be pledged to provide added security to the bank.

Other Non-interest Income and N

Other Non-interest Income and Non-interest Expense	3 Months Ended
	Mar. 31, 2023
Other Income and Expenses [Abstract]
Other Non-interest Income and Non-interest Expense	Other Non-interest Income and Non-interest Expense Other non-interest income consists of the following: Three Months Ended 2023 2022 Referral revenue $ 1,448 $ 3,691 Realized gains on sales of securities available for sale — 36 Other 1,908 6,164 Total other non-interest income $ 3,356 $ 9,891 Other non-interest expense consists of the following: Three Months Ended 2023 2022 Consumer credit services $ 4,967 $ 5,524 Other 12,736 8,480 Total other non-interest expense $ 17,703 $ 14,004

Segment Reporting

Segment Reporting	3 Months Ended
	Mar. 31, 2023
Segment Reporting [Abstract]
Segment Reporting	Segment ReportingThe Company defines operating segments to be components of the Company for which discrete financial information is evaluated regularly by the Company’s Chief Executive Officer and Chief Financial Officer to allocate resources and evaluate financial performance. This information is reviewed according to the legal organizational structure of the Company’s operations with products and services presented separately for the parent bank holding company and its wholly-owned subsidiary, LC Bank. Income taxes are recorded on a separate entity basis whereby each operating segment determines income tax expense or benefit as if it filed a separate tax return. All of the Company’s revenue is generated in the United States. The Company has experienced reductions in marketplace investor demand in connection with increases in interest rates and volatility in the macro economy. Accordingly, during the first quarter of 2023, one marketplace bank investor accounted for 15% of total net revenue. No other individual borrower or marketplace investor accounted for 10% or more of total net revenue for any of the periods presented. LendingClub Bank The LC Bank operating segment represents the national bank legal entity and reflects post-Acquisition operating activities. This segment provides a full complement of financial products and solutions, including loans, leases and deposits. It originates loans to individuals and businesses, retains loans for investment, sells loans to investors and manages relationships with deposit holders. LendingClub Corporation (Parent Only) The LendingClub Corporation (Parent only) operating segment represents the holding company legal entity and predominately reflects the operations of the Company prior to the Acquisition. This activity includes, but is not limited to, servicing fee revenue for loans serviced prior to the Acquisition, and interest income and interest expense related to the Retail Program and Structured Program transactions. Financial information for the segments is presented in the following tables: LendingClub LendingClub Intercompany Consolidated Total Three Months Ended March 31, Three Months Ended March 31, Three Months Ended March 31, Three Months Ended March 31, 2023 2022 2023 2022 2023 2022 2023 2022 Non-interest income: Marketplace revenue $ 72,688 $ 164,835 $ 13,108 $ 15,131 $ 9,838 $ — $ 95,634 $ 179,966 Other non-interest income 19,161 19,498 2,553 4,223 (18,358) (13,830) 3,356 9,891 Total non-interest income 91,849 184,333 15,661 19,354 (8,520) (13,830) 98,990 189,857 Interest income: Interest income 198,330 99,823 4,083 11,830 — — 202,413 111,653 Interest expense (53,896) (3,644) (1,813) (8,329) — — (55,709) (11,973) Net interest income 144,434 96,179 2,270 3,501 — — 146,704 99,680 Total net revenue 236,283 280,512 17,931 22,855 (8,520) (13,830) 245,694 289,537 Provision for credit losses (70,584) (52,509) — — — — (70,584) (52,509) Non-interest expense (148,383) (178,459) (17,445) (26,575) 8,520 13,830 (157,308) (191,204) Income (Loss) before income tax benefit (expense) 17,316 49,544 486 (3,720) — — 17,802 45,824 Income tax benefit (expense) (4,256) (12,355) 120 17,727 — (10,360) (4,136) (4,988) Net income (loss) $ 13,060 $ 37,189 $ 606 $ 14,007 $ — $ (10,360) $ 13,666 $ 40,836 Capital expenditures $ 16,398 $ 21,575 $ — $ — $ — $ — $ 16,398 $ 21,575 Depreciation and amortization $ 6,894 $ 3,500 $ 5,460 $ 7,539 $ — $ — $ 12,354 $ 11,039 LendingClub Bank LendingClub Corporation Intercompany Consolidated Total March 31, 2023 December 31, 2022 March 31, 2023 December 31, 2022 March 31, 2023 December 31, 2022 March 31, 2023 December 31, 2022 Assets Total cash and cash equivalents $ 1,609,360 $ 1,020,874 $ 42,769 $ 56,475 $ (15,132) $ (20,319) $ 1,636,997 $ 1,057,030 Restricted cash — — 54,819 75,409 (7,477) (7,955) 47,342 67,454 Securities available for sale at fair value 368,365 329,287 11,663 16,415 — — 380,028 345,702 Loans held for sale at fair value 44,647 110,400 — — — — 44,647 110,400 Loans and leases held for investment, net 5,143,081 4,705,302 — — — — 5,143,081 4,705,302 Loans held for investment at fair value 729,954 906,711 18,664 19,227 — — 748,618 925,938 Retail and certificate loans held for investment at fair value — — 38,855 55,425 — — 38,855 55,425 Property, equipment and software, net 115,306 102,274 28,735 34,199 — — 144,041 136,473 Investment in subsidiary — — 776,034 755,319 (776,034) (755,319) — — Goodwill 75,717 75,717 — — — — 75,717 75,717 Other assets 308,476 339,341 207,228 173,851 (21,012) (12,886) 494,692 500,306 Total assets 8,394,906 7,589,906 1,178,767 1,186,320 (819,655) (796,479) 8,754,018 7,979,747 Liabilities and Equity Total deposits 7,241,463 6,420,827 — — (22,609) (28,274) 7,218,854 6,392,553 Borrowings 45,610 64,154 7,370 10,704 — — 52,980 74,858 Retail notes, certificates and secured borrowings at fair value — — 38,855 55,425 — — 38,855 55,425 Other liabilities 153,450 189,185 120,149 116,318 (21,012) (12,886) 252,587 292,617 Total liabilities 7,440,523 6,674,166 166,374 182,447 (43,621) (41,160) 7,563,276 6,815,453 Total equity 954,383 915,740 1,012,393 1,003,873 (776,034) (755,319) 1,190,742 1,164,294 Total liabilities and equity $ 8,394,906 $ 7,589,906 $ 1,178,767 $ 1,186,320 $ (819,655) $ (796,479) $ 8,754,018 $ 7,979,747

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
Consolidation	All intercompany balances and transactions have been eliminated in consolidation.
Basis of Accounting	These condensed consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP) for interim financial information and, in the opinion of management, contain all adjustments, including normal recurring adjustments, necessary for the fair statement of the results and financial position for the periods presented.
Use of Estimates	These accounting principles require management to make certain estimates and assumptions that affect the amounts in the accompanying financial statements. These estimates and assumptions are inherently subjective in nature and actual results may differ from these estimates and assumptions, and the differences could be material.
Adoption of New Accounting Standards and New Accounting Standards Not Yet Adopted	Adoption of New Accounting Standards The Company adopted the following new accounting standard during the three-month period ended March 31, 2023: In March 2022, the FASB issued Accounting Standards Update (ASU) 2022-02, Financial Instruments – Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures, which eliminates the accounting guidance on troubled debt restructurings (TDRs) for creditors that have adopted the Current Expected Credit Losses (CECL) model and adds a requirement to disclose current period gross charge-offs by year of origination. The Company adopted ASU 2022-02 as of January 1, 2023, on a prospective basis. The ASU updates the requirements related to accounting for credit losses under Accounting Standards Codification 326, including removing anticipatory TDRs and requiring the use of the post-modified effective interest rate when a discounted cash flow method is used in the CECL calculation. The ASU updates disclosures for creditors with respect to loan refinancings and restructurings for borrowers experiencing financial difficulty. New Accounting Standards Not Yet Adopted The FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting, and ASU 2022-06, Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848, which, if certain criteria are met, provide optional expedients and exceptions for applying GAAP to transactions affected by reference rate reform. The provisions of this topic are elective and may be applied prospectively as of the beginning of the reporting period when the election is made through December 31, 2024. The Company has plans to adopt this standard and concluded it does not have a material impact to the financial statements.
Revenue Recognition	Origination Fees: Origination fees are primarily fees earned related to originating and issuing unsecured personal loans that are held for sale. Servicing Fees: The Company receives servicing fees to compensate it for servicing loans on behalf of investors, including managing payments and collections from borrowers and payments to those investors. The amount of servicing fee revenue earned is predominantly affected by the servicing rates paid by investors and the outstanding principal balance of loans serviced for investors. Servicing fee revenue related to loans sold also includes the associated change in the fair value of servicing assets. Gain (Loss) on Sales of Loans: In connection with loan sales, the Company recognizes a gain or loss on the sale of loans based on the level to which the contractual servicing fee is above or below an estimated market rate of servicing. Additionally, the Company recognizes transaction costs, if any, as a loss on sale of loans. Net Fair Value Adjustments: The Company records fair value adjustments on loans that are recorded at fair value, including gains or losses from sale prices in excess of or less than the loan principal amount sold.

Marketplace Revenue (Tables)

Marketplace Revenue (Tables)	3 Months Ended
	Mar. 31, 2023
Revenue from Contract with Customer [Abstract]
Schedule of Components of Marketplace Revenue	The following table presents components of marketplace revenue for the periods presented: Three Months Ended 2023 2022 Origination fees $ 70,543 $ 122,093 Servicing fees 26,380 18,514 Gain on sales of loans 14,125 24,110 Net fair value adjustments (15,414) 15,249 Total marketplace revenue $ 95,634 $ 179,966

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2023
Earnings Per Share [Abstract]
Basic and Diluted Earnings per Share	The following table details the computation of the Company’s Basic and Diluted EPS: Three Months Ended 2023 2022 Basic EPS: Net income attributable to stockholders $ 13,666 $ 40,836 Weighted-average common shares – Basic 106,912,139 101,493,561 Basic EPS $ 0.13 $ 0.40 Diluted EPS: Net income attributable to stockholders $ 13,666 $ 40,836 Weighted-average common shares – Diluted 106,917,770 105,052,904 Diluted EPS $ 0.13 $ 0.39

Securities Available for Sale (

Securities Available for Sale (Tables)	3 Months Ended
	Mar. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Schedule of Available-for-sale Securities Reconciliation	The amortized cost, gross unrealized gains and losses, and fair value of available for sale (AFS) securities were as follows: March 31, 2023 Amortized Gross Gross Fair U.S. agency residential mortgage-backed securities $ 259,748 $ — $ (37,404) $ 222,344 U.S. agency securities 93,448 6 (13,245) 80,209 Commercial mortgage-backed securities 41,514 — (4,623) 36,891 Other asset-backed securities 25,629 50 (739) 24,940 Asset-backed securities related to Structured Program transactions 4,784 8,309 — 13,093 Municipal securities 3,272 — (721) 2,551 Total securities available for sale (1) $ 428,395 $ 8,365 $ (56,732) $ 380,028 December 31, 2022 Amortized Gross Gross Fair U.S. agency residential mortgage-backed securities $ 255,675 $ — $ (41,248) $ 214,427 U.S. agency securities 90,447 — (16,053) 74,394 Commercial mortgage-backed securities 26,988 — (4,470) 22,518 Asset-backed securities related to Structured Program transactions 8,322 9,395 — 17,717 Other asset-backed securities 14,959 29 (785) 14,203 Municipal securities 3,277 — (834) 2,443 Total securities available for sale (1) $ 399,668 $ 9,424 $ (63,390) $ 345,702 (1) As of March 31, 2023 and December 31, 2022, includes $356.9 million and $319.0 million, respectively, of fair value securities pledged as collateral.
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	A summary of AFS securities with unrealized losses for which a credit valuation allowance has not been recorded, aggregated by period of continuous unrealized loss, is as follows: Less than 12 months Total March 31, 2023 Fair Unrealized Fair Unrealized Fair Unrealized U.S. agency residential mortgage-backed securities $ 26,101 $ (1,125) $ 196,243 $ (36,279) $ 222,344 $ (37,404) U.S. agency securities 8,759 (241) 68,443 (13,004) 77,202 (13,245) Commercial mortgage-backed securities 14,602 (314) 22,289 (4,309) 36,891 (4,623) Other asset-backed securities 4,021 (14) 9,433 (725) 13,454 (739) Municipal securities — — 2,551 (721) 2,551 (721) Total securities with unrealized losses $ 53,483 $ (1,694) $ 298,959 $ (55,038) $ 352,442 $ (56,732) Less than 12 months Total December 31, 2022 Fair Unrealized Fair Unrealized Fair Unrealized U.S. agency residential mortgage-backed securities $ 111,843 $ (15,831) $ 102,584 $ (25,417) $ 214,427 $ (41,248) U.S. agency securities 50,352 (7,213) 24,042 (8,840) 74,394 (16,053) Commercial mortgage-backed securities 2,441 (229) 20,077 (4,241) 22,518 (4,470) Other asset-backed securities 4,086 (73) 6,945 (712) 11,031 (785) Municipal securities — — 2,443 (834) 2,443 (834) Total securities with unrealized losses $ 168,722 $ (23,346) $ 156,091 $ (40,044) $ 324,813 $ (63,390)
Available-for-sale Securities by Contractual Maturity	The contractual maturities of AFS securities were as follows: March 31, 2023 Amortized Cost Fair Value Weighted- average Yield (1) Due after 1 year through 5 years: U.S. agency securities $ 9,000 $ 8,675 Commercial mortgage-backed securities 1,026 939 U.S. agency residential mortgage-backed securities 4 4 Total due after 1 year through 5 years 10,030 9,618 3.33 % Due after 5 years through 10 years: U.S. agency securities 15,848 14,642 Other asset-backed securities 11,900 11,919 U.S. agency residential mortgage-backed securities 5,872 5,528 Commercial mortgage-backed securities 2,835 2,411 Municipal securities 623 550 Total due after 5 years through 10 years 37,078 35,050 3.81 % Due after 10 years: U.S. agency residential mortgage-backed securities 253,872 216,812 U.S. agency securities 68,600 56,892 Commercial mortgage-backed securities 37,653 33,541 Other asset-backed securities 13,729 13,021 Municipal securities 2,649 2,001 Total due after 10 years 376,503 322,267 2.67 % Asset-backed securities related to Structured Program transactions 4,784 13,093 99.40 % Total securities available for sale $ 428,395 $ 380,028 3.87 % (1) The weighted-average yield is computed using the amortized cost at March 31, 2023.

Loans and Leases Held for Inv_2

Loans and Leases Held for Investment at Amortized Cost, Net of Allowance for Loan and Lease Losses (Tables)	3 Months Ended
	Mar. 31, 2023
Loans and Leases Receivable Disclosure [Abstract]
Loans and Notes and Certificates	The Company defines its loans and leases HFI portfolio segments as (i) consumer and (ii) commercial. The following table presents the components of each portfolio segment by class of financing receivable: March 31, 2023 December 31, 2022 Unsecured personal $ 4,319,148 $ 3,866,373 Residential mortgages 197,728 199,601 Secured consumer 212,748 194,634 Total consumer loans held for investment 4,729,624 4,260,608 Equipment finance (1) 153,905 160,319 Commercial real estate 372,770 373,501 Commercial and industrial (2) 235,639 238,726 Total commercial loans and leases held for investment 762,314 772,546 Total loans and leases held for investment 5,491,938 5,033,154 Allowance for loan and lease losses (348,857) (327,852) Loans and leases held for investment, net (3) $ 5,143,081 $ 4,705,302 (1) Comprised of sales-type leases for equipment. See “ Note 16. Leases ” for additional information. (2) Includes $51.1 million and $67.0 million of pledged loans under the Paycheck Protection Program (PPP) as of March 31, 2023 and December 31, 2022, respectively. (3) As of March 31, 2023 and December 31, 2022, the Company had $278.6 million and $283.6 million in loans pledged as collateral under the Federal Reserve Bank (FRB) Discount Window, respectively. In addition, as of both March 31, 2023 and December 31, 2022, the Company had $156.2 million in loans pledged to the Federal Home Loan Bank ( FHLB) of Des Moines. March 31, 2023 Gross ALLL Net Allowance Ratios (1) Total consumer loans held for investment $ 4,729,624 $ 333,546 $ 4,396,078 7.1 % Total commercial loans and leases held for investment 762,314 15,311 747,003 2.0 % Total loans and leases held for investment $ 5,491,938 $ 348,857 $ 5,143,081 6.4 % December 31, 2022 Gross ALLL Net Allowance Ratios (1) Total consumer loans held for investment $ 4,260,608 $ 312,489 $ 3,948,119 7.3 % Total commercial loans and leases held for investment 772,546 15,363 757,183 2.0 % Total loans and leases held for investment $ 5,033,154 $ 327,852 $ 4,705,302 6.5 % (1) Calculated as the ratio of allowance for loan and lease losses (ALLL) to loans and leases HFI at amortized cost.
Financing Receivable, Allowance for Credit Loss	The activity in the ACL by portfolio segment was as follows: Three Months Ended March 31, 2023 2022 Consumer Commercial Total Consumer Commercial Total Allowance for loan and lease losses, beginning of period $ 312,489 $ 15,363 $ 327,852 $ 128,812 $ 15,577 $ 144,389 Credit loss expense for loans and leases held for investment 70,684 166 70,850 53,718 (1,490) 52,228 Charge-offs (1) (52,212) (351) (52,563) (9,017) (72) (9,089) Recoveries 2,585 133 2,718 344 113 457 Allowance for loan and lease losses, end of period $ 333,546 $ 15,311 $ 348,857 $ 173,857 $ 14,128 $ 187,985 Reserve for unfunded lending commitments, beginning of period $ 18 $ 1,860 $ 1,878 $ — $ 1,231 $ 1,231 Credit loss expense for unfunded lending commitments 49 (315) (266) — 281 281 Reserve for unfunded lending commitments, end of period (2) $ 67 $ 1,545 $ 1,612 $ — $ 1,512 $ 1,512 (1) Unsecured personal loans are charged-off when a borrower is (i) contractually 120 days past due or (ii) two payments past due and has filed for bankruptcy or is deceased. (2) Relates to $117.2 million and $109.5 million of unfunded commitments as of March 31, 2023 and March 31, 2022, respectively.
Financing Receivable Gross Charge-Offs and Credit Quality Indicators	The following table presents gross charge-offs by origination year for the period presented: Three Months Ended March 31, 2023 Gross Charge-Offs by Origination Year 2023 2022 2021 2020 2019 Prior Total Unsecured personal $ — $ 25,413 $ 26,123 $ — $ — $ — $ 51,536 Residential mortgages — — — — — — — Secured consumer — 468 208 — — — 676 Total consumer loans held for investment — 25,881 26,331 — — — 52,212 Equipment finance — — — — — — — Commercial real estate — — — — — — — Commercial and industrial — — — — 318 33 351 Total commercial loans and leases held for investment — — — — 318 33 351 Total loans and leases held for investment $ — $ 25,881 $ 26,331 $ — $ 318 $ 33 $ 52,563 March 31, 2023 Term Loans and Leases by Origination Year 2023 2022 2021 2020 2019 Prior Total Unsecured personal Current $ 893,506 $ 2,538,186 $ 821,772 $ — $ — $ — $ 4,253,464 30-59 days past due 1,142 16,076 9,723 — — — 26,941 60-89 days past due — 12,520 7,239 — — — 19,759 90 or more days past due — 10,782 8,202 — — — 18,984 Total unsecured personal 894,648 2,577,564 846,936 — — — 4,319,148 Residential mortgages Current 45 50,069 57,970 30,654 21,517 37,076 197,331 30-59 days past due — — — — — 230 230 60-89 days past due — — — — — — — 90 or more days past due — — — — — 167 167 Total residential mortgages 45 50,069 57,970 30,654 21,517 37,473 197,728 Secured consumer Current 36,276 137,912 33,669 — 2,522 — 210,379 30-59 days past due 18 1,271 633 — — — 1,922 60-89 days past due — 170 90 — — — 260 90 or more days past due — 139 48 — — — 187 Total secured consumer 36,294 139,492 34,440 — 2,522 — 212,748 Total consumer loans held for investment $ 930,987 $ 2,767,125 $ 939,346 $ 30,654 $ 24,039 $ 37,473 $ 4,729,624 December 31, 2022 Term Loans and Leases by Origination Year 2022 2021 2020 2019 2018 Prior Total Unsecured personal Current $ 2,835,460 $ 977,224 $ — $ — $ — $ — $ 3,812,684 30-59 days past due 11,149 9,867 — — — — 21,016 60-89 days past due 7,785 8,633 — — — — 16,418 90 or more days past due 6,813 9,442 — — — — 16,255 Total unsecured personal 2,861,207 1,005,166 — — — — 3,866,373 Residential mortgages Current 49,721 58,353 31,465 21,683 4,546 33,248 199,016 30-59 days past due — — — — — — — 60-89 days past due — — — — — 254 254 90 or more days past due — — — — — 331 331 Total residential mortgages 49,721 58,353 31,465 21,683 4,546 33,833 199,601 Secured consumer Current 151,725 38,076 — 2,543 — — 192,344 30-59 days past due 1,017 703 — — — — 1,720 60-89 days past due 235 147 — — — — 382 90 or more days past due 116 72 — — — — 188 Total secured consumer 153,093 38,998 — 2,543 — — 194,634 Total consumer loans held for investment $ 3,064,021 $ 1,102,517 $ 31,465 $ 24,226 $ 4,546 $ 33,833 $ 4,260,608 The following tables present the classes of financing receivables within the commercial portfolio segment by risk rating and origination year: March 31, 2023 Term Loans and Leases by Origination Year 2023 2022 2021 2020 2019 Prior Total Equipment finance Pass $ 3,920 $ 56,720 $ 35,474 $ 22,901 $ 14,527 $ 14,135 $ 147,677 Special mention — — 1,989 — 3,468 — 5,457 Substandard — — — 771 — — 771 Doubtful — — — — — — — Loss — — — — — — — Total equipment finance 3,920 56,720 37,463 23,672 17,995 14,135 153,905 Commercial real estate Pass 9,937 95,093 44,483 44,411 52,521 85,428 331,873 Special mention — — — — 260 10,021 10,281 Substandard — 3,904 6,848 8,415 241 10,582 29,990 Doubtful — — — — — — — Loss — — — — 68 558 626 Total commercial real estate 9,937 98,997 51,331 52,826 53,090 106,589 372,770 Commercial and industrial Pass 16,071 71,533 83,592 22,658 10,950 14,107 218,911 Special mention — 787 30 112 439 647 2,015 Substandard — — 4,589 732 3,861 3,887 13,069 Doubtful — — — — — 286 286 Loss — — — — — 1,358 1,358 Total commercial and industrial (1) 16,071 72,320 88,211 23,502 15,250 20,285 235,639 Total commercial loans and leases held for investment $ 29,928 $ 228,037 $ 177,005 $ 100,000 $ 86,335 $ 141,009 $ 762,314 (1) Includes $51.1 million of PPP loans. December 31, 2022 Term Loans and Leases by Origination Year 2022 2021 2020 2019 2018 Prior Total Equipment finance Pass $ 59,227 $ 38,218 $ 25,014 $ 15,785 $ 11,880 $ 3,444 $ 153,568 Special mention — 2,094 — 3,759 — 5,853 Substandard — — 859 — 39 — 898 Doubtful — — — — — — — Loss — — — — — — — Total equipment finance 59,227 40,312 25,873 19,544 11,919 3,444 160,319 Commercial real estate Pass 100,602 53,445 47,497 52,834 35,992 60,976 351,346 Special mention — — 8,415 260 1,237 405 10,317 Substandard — — — 643 2,404 8,215 11,262 Doubtful — — — — — — — Loss — — — — — 576 576 Total commercial real estate 100,602 53,445 55,912 53,737 39,633 70,172 373,501 Commercial and industrial Pass 61,076 99,264 24,726 13,866 5,174 10,831 214,937 Special mention — — — 483 163 455 1,101 Substandard — 9,361 4,529 3,623 797 2,820 21,130 Doubtful — — — — — 286 286 Loss — — — — 1 1,271 1,272 Total commercial and industrial (1) 61,076 108,625 29,255 17,972 6,135 15,663 238,726 Total commercial loans and leases held for investment $ 220,905 $ 202,382 $ 111,040 $ 91,253 $ 57,687 $ 89,279 $ 772,546 (1) Includes $67.0 million of PPP loans.
Past Due Financing Receivables	The following tables present an analysis of the past due loans and leases HFI within the commercial portfolio segment: March 31, 2023 30-59 60-89 90 or More Days Total Equipment finance $ 3,020 $ — $ 771 $ 3,791 Commercial real estate 8,251 2,112 103 10,466 Commercial and industrial (1) 941 — 1,608 2,549 Total commercial loans and leases held for investment $ 12,212 $ 2,112 $ 2,482 $ 16,806 December 31, 2022 30-59 60-89 90 or More Total Equipment finance $ 3,172 $ — $ 859 $ 4,031 Commercial real estate — 102 — 102 Commercial and industrial (1) — — 1,643 1,643 Total commercial loans and leases held for investment $ 3,172 $ 102 $ 2,502 $ 5,776 (1) Past due PPP loans are excluded from the tables. The following table presents nonaccrual loans and leases: March 31, 2023 December 31, 2022 Nonaccrual (1) Nonaccrual with no related ACL (2) Nonaccrual (1) Nonaccrual with no related ACL (2) Unsecured personal $ 18,986 $ — $ 16,255 $ — Residential mortgages 326 326 331 331 Secured consumer 187 — 188 — Total nonaccrual consumer loans held for investment 19,499 326 16,774 331 Equipment finance 771 — 898 39 Commercial real estate 9,290 1,039 1,018 1,018 Commercial and industrial 8,832 2,002 16,137 1,229 Total nonaccrual commercial loans and leases held for investment 18,893 3,041 18,053 2,286 Total nonaccrual loans and leases held for investment $ 38,392 $ 3,367 $ 34,827 $ 2,617 (1) Excluding PPP loans, there were no loans and leases that were 90 days or more past due and accruing as of both March 31, 2023 and December 31, 2022. (2) Subset of total nonaccrual loans and leases. March 31, 2023 December 31, 2022 Nonaccrual Nonaccrual Ratios (1) Nonaccrual Nonaccrual Ratios (1) Total nonaccrual consumer loans held for investment $ 19,499 0.4 % $ 16,774 0.4 % Total nonaccrual commercial loans and leases held for investment 18,893 2.5 % 18,053 2.3 % Total nonaccrual loans and leases held for investment $ 38,392 0.7 % $ 34,827 0.7 % (1) Calculated as the ratio of nonaccruing loans and leases to loans and leases HFI at amortized cost.

Securitizations and Variable _2

Securitizations and Variable Interest Entities (Tables)	3 Months Ended
	Mar. 31, 2023
Transfers and Servicing [Abstract]
Summary of Select Information Related to VIEs	The following tables provide the classifications of assets and liabilities on the Balance Sheet for the Company’s transactions with consolidated and unconsolidated VIEs. The Company’s transactions with VIEs include Structured Program transactions. The Company has various forms of involvement with VIEs, including servicing of loans and holding senior or subordinated residual interests in the VIEs. Additionally, the assets and liabilities in the tables below exclude intercompany balances that eliminate in consolidation: March 31, 2023 Consolidated VIEs Unconsolidated VIEs Total Assets Restricted cash $ 7,195 $ — $ 7,195 Securities available for sale at fair value — 13,093 13,093 Loans held for investment at fair value 2,663 — 2,663 Retail and certificate loans held for investment at fair value 1,316 — 1,316 Other assets 190 9,412 9,602 Total assets $ 11,364 $ 22,505 $ 33,869 Liabilities Borrowings $ 5,978 $ — $ 5,978 Retail notes, certificates and secured borrowings at fair value 1,316 — 1,316 Other liabilities 19 — 19 Total liabilities 7,313 — 7,313 Total net assets $ 4,051 $ 22,505 $ 26,556 December 31, 2022 Consolidated VIEs Unconsolidated VIEs Total Assets Restricted cash $ 8,048 $ — $ 8,048 Securities available for sale at fair value — 17,717 17,717 Loans held for investment at fair value 3,994 — 3,994 Retail and certificate loans held for investment at fair value 1,946 — 1,946 Other assets 206 10,464 10,670 Total assets $ 14,194 $ 28,181 $ 42,375 Liabilities Borrowings $ 8,085 $ — $ 8,085 Retail notes, certificates and secured borrowings at fair value 1,946 — 1,946 Other liabilities 29 — 29 Total liabilities 10,060 — 10,060 Total net assets $ 4,134 $ 28,181 $ 32,315
Summary of Activity Related to Unconsolidated Trusts and Certificate Program Trusts	The following table summarizes activity related to the unconsolidated VIEs, with the transfers accounted for as a sale on the Company’s financial statements: Three Months Ended 2022 Principal derecognized from loans securitized or sold $ 41,023 Net gains recognized from loans securitized or sold $ 259 Fair value of asset-backed securities related to Structured Program transactions retained upon settlement $ 2,180 Cash proceeds $ 5,800 Proceeds from sale of securities by consolidated VIE $ 5,320

Fair Value of Assets and Liab_2

Fair Value of Assets and Liabilities (Tables)	3 Months Ended
	Mar. 31, 2023
Fair Value Disclosures [Abstract]
Fair Value Hierarchy of Assets and Liabilities Measured on a Recurring Basis	The following tables present the fair value hierarchy for assets and liabilities measured at fair value: March 31, 2023 Level 1 Inputs Level 2 Inputs Level 3 Inputs Balance at Assets: Loans held for sale at fair value $ — $ — $ 44,647 $ 44,647 Loans held for investment at fair value — — 748,618 748,618 Retail and certificate loans held for investment at fair value — — 38,855 38,855 Securities available for sale: U.S. agency residential mortgage-backed securities — 222,344 — 222,344 U.S. agency securities — 80,209 — 80,209 Commercial mortgage-backed securities — 36,891 — 36,891 Other asset-backed securities — 24,940 — 24,940 Asset-backed securities related to Structured Program transactions — 2,696 10,397 13,093 Municipal securities — 2,551 — 2,551 Total securities available for sale — 369,631 10,397 380,028 Servicing assets — — 89,241 89,241 Other assets — 3,885 — 3,885 Total assets $ — $ 373,516 $ 931,758 $ 1,305,274 Liabilities: Borrowings $ — $ — $ 5,978 $ 5,978 Retail notes, certificates and secured borrowings — — 38,855 38,855 Other liabilities — 3,885 2,235 6,120 Total liabilities $ — $ 3,885 $ 47,068 $ 50,953 December 31, 2022 Level 1 Inputs Level 2 Inputs Level 3 Inputs Balance at Assets: Loans held for sale at fair value $ — $ — $ 110,400 $ 110,400 Loans held for investment at fair value — — 925,938 925,938 Retail and certificate loans held for investment at fair value — — 55,425 55,425 Securities available for sale: U.S. agency residential mortgage-backed securities — 214,427 — 214,427 U.S. agency securities — 74,394 — 74,394 Commercial mortgaged-backed securities — 22,518 — 22,518 Other asset-backed securities — 14,203 — 14,203 Asset-backed securities related to Structured Program transactions — 5,248 12,469 17,717 Municipal securities — 2,443 — 2,443 Total securities available for sale — 333,233 12,469 345,702 Servicing assets — — 84,308 84,308 Other assets — — 5,099 5,099 Total assets $ — $ 333,233 $ 1,193,639 $ 1,526,872 Liabilities: Borrowings $ — $ — $ 8,085 8,085 Retail notes, certificates and secured borrowings — — 55,425 55,425 Other liabilities — — 8,583 8,583 Total liabilities $ — $ — $ 72,093 $ 72,093
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation	The following tables present additional information about Level 3 loans HFS on a recurring basis: Balance at December 31, 2022 $ 110,400 Originations and purchases 1,205,029 Sales (1,247,246) Principal payments (6,465) Fair value adjustments recorded in earnings (17,071) Balance at March 31, 2023 $ 44,647 Balance at December 31, 2021 $ 142,370 Originations and purchases 2,270,925 Sales (2,257,701) Principal payments (13,336) Fair value adjustments recorded in earnings 14,472 Balance at March 31, 2022 $ 156,730 The following table presents additional information about Level 3 loans HFI at fair value on a recurring basis: Balance at December 31, 2022 $ 925,938 Purchases 4,037 Principal payments (186,451) Interest income accretion and fair value adjustments recorded in earnings 5,094 Balance at March 31, 2023 $ 748,618 Balance at December 31, 2021 $ 21,240 Purchases 14 Principal payments (6,023) Interest income accretion and fair value adjustments recorded in earnings 153 Balance at March 31, 2022 $ 15,384 The following table presents additional information about Level 3 servicing assets measured at fair value on a recurring basis: Three Months Ended 2023 2022 Fair value at beginning of period $ 84,308 $ 67,726 Issuances (1) 14,125 22,365 Change in fair value, included in Marketplace revenue (12,576) (16,979) Other net changes 3,384 (1,000) Fair value at end of period $ 89,241 $ 72,112 (1) Represents the gains or losses on sales of the related loans.
Quantitative Information about Significant Unobservable Inputs Used for Fair Value Measurements	The following table presents quantitative information about the significant unobservable inputs used for the Company’s Level 3 loans HFI at fair value: March 31, 2023 December 31, 2022 Minimum Maximum Weighted- Average Minimum Maximum Weighted- Average Discount rates 8.7 % 16.9 % 12.7 % 8.8 % 17.1 % 12.7 % Net cumulative expected loss rates (1) 2.1 % 9.9 % 5.9 % 2.1 % 9.8 % 5.7 % Cumulative expected prepayment rates (1) 21.1 % 29.7 % 26.2 % 26.2 % 35.3 % 30.8 % (1) Expressed as a percentage of the acquired principal balance of the loan. The following table presents quantitative information about the significant unobservable inputs used for the Company’s Level 3 fair value measurements for servicing assets relating to loans sold to investors: March 31, 2023 December 31, 2022 Minimum Maximum Weighted- Minimum Maximum Weighted- Discount rates 7.5 % 16.4 % 10.0 % 7.5 % 16.4 % 10.1 % Net cumulative expected loss rates (1) 2.0 % 37.3 % 16.0 % 2.1 % 36.7 % 15.6 % Cumulative expected prepayment rates (1) 17.8 % 47.5 % 32.3 % 15.8 % 47.2 % 35.9 % Total market servicing rates (% per annum on outstanding principal balance) (2) 0.62 % 0.62 % 0.62 % 0.62 % 0.62 % 0.62 % (1) Expressed as a percentage of the original principal balance of the loan. (2) Includes collection fees estimated to be paid to a hypothetical third-party servicer.
Schedule of Fair Value Sensitivity of Loans	The sensitivity of loans HFI at fair value to adverse changes in key assumptions are as follows: March 31, 2023 December 31, 2022 Loans held for investment at fair value $ 748,618 $ 925,938 Expected weighted-average life (in years) 0.9 0.9 Discount rates: 100 basis point increase $ (5,987) $ (7,471) 200 basis point increase $ (11,885) $ (14,830) Expected credit loss rates on underlying loans: 10% increase $ (4,350) $ (5,574) 20% increase $ (8,869) $ (11,307) Expected prepayment rates: 10% increase $ (3,336) $ (4,311) 20% increase $ (6,259) $ (7,480)
Fair Value Disclosure And Measurement	The table below shows the impact on the estimated fair value of servicing assets, calculated using different market servicing rate assumptions: March 31, 2023 December 31, 2022 Weighted-average market servicing rate assumptions 0.62 % 0.62 % Change in fair value from: Servicing rate increase by 0.10% $ (10,401) $ (10,505) Servicing rate decrease by 0.10% $ 10,401 $ 10,505
Fair Value Sensitivity of Servicing Assets	The following table presents the fair value sensitivity of servicing assets to adverse changes in key assumptions: March 31, 2023 December 31, 2022 Fair value of servicing assets $ 89,241 $ 84,308 Discount rates 100 basis point increase $ (768) $ (726) 200 basis point increase $ (1,536) $ (1,451) Expected loss rates 10% increase $ (1,175) $ (1,037) 20% increase $ (2,351) $ (2,074) Expected prepayment rates 10% increase $ (1,772) $ (1,994) 20% increase $ (3,544) $ (3,989)
Fair Value, by Balance Sheet Grouping	The following tables present the fair value hierarchy for financial instruments, assets, and liabilities not recorded at fair value: March 31, 2023 Carrying Amount Level 1 Inputs Level 2 Inputs Level 3 Inputs Balance at Assets: Loans and leases held for investment, net $ 5,143,081 $ — $ — $ 5,374,911 $ 5,374,911 Other assets 38,595 — 37,407 1,530 38,937 Total assets $ 5,181,676 $ — $ 37,407 $ 5,376,441 $ 5,413,848 Liabilities: Deposits (1) $ 1,110,114 $ — $ — $ 1,110,114 $ 1,110,114 Borrowings 47,002 — 1,392 45,610 47,002 Other liabilities 69,808 — 37,753 32,055 69,808 Total liabilities $ 1,226,924 $ — $ 39,145 $ 1,187,779 $ 1,226,924 December 31, 2022 Carrying Amount Level 1 Inputs Level 2 Inputs Level 3 Inputs Balance at Assets: Loans and leases held for investment, net $ 4,705,302 $ — $ — $ 4,941,825 $ 4,941,825 Other assets 36,646 — 35,300 1,397 36,697 Total assets $ 4,741,948 $ — $ 35,300 $ 4,943,222 $ 4,978,522 Liabilities: Deposits (1) $ 860,808 $ — $ — $ 860,808 $ 860,808 Borrowings 66,773 — 2,619 64,154 66,773 Other liabilities 62,247 — 30,311 31,936 62,247 Total liabilities $ 989,828 $ — $ 32,930 $ 956,898 $ 989,828 (1) Excludes deposit liabilities with no defined or contractual maturities.

Property, Equipment and Softw_2

Property, Equipment and Software, Net (Tables)	3 Months Ended
	Mar. 31, 2023
Property, Plant and Equipment [Abstract]
Property, Equipment and Software, Net	Property, equipment and software, net, consist of the following: March 31, 2023 December 31, 2022 Software (1) $ 193,061 $ 174,360 Leasehold improvements 31,214 31,214 Computer equipment 24,256 27,410 Furniture and fixtures 6,088 6,088 Total property, equipment and software 254,619 239,072 Accumulated depreciation and amortization (110,578) (102,599) Total property, equipment and software, net $ 144,041 $ 136,473 (1) Includes $59.9 million and $43.7 million of development in progress for internally-developed software and $3.6 million and $3.0 million of development in progress to customize purchased software as of March 31, 2023 and December 31, 2022, respectively.

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Finite-Lived Intangible Assets	The gross and net carrying values and accumulated amortization were as follows: March 31, 2023 December 31, 2022 Gross carrying value $ 54,500 $ 54,500 Accumulated amortization (39,299) (38,166) Net carrying value $ 15,201 $ 16,334
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	The expected future amortization expense for intangible assets as of March 31, 2023, is as follows: 2023 $ 3,065 2024 3,549 2025 2,901 2026 2,252 2027 1,603 Thereafter 1,831 Total $ 15,201

Other Assets (Tables)

Other Assets (Tables)	3 Months Ended
	Mar. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other Assets	Other assets consist of the following: March 31, 2023 December 31, 2022 Deferred tax asset, net (1) $ 170,976 $ 173,687 Servicing assets (2) 90,429 85,654 Operating lease assets 57,335 63,872 Nonmarketable equity investments 44,991 38,320 Intangible assets, net (3) 15,201 16,334 Other 115,760 122,439 Total other assets $ 494,692 $ 500,306 (1) See “ Note 15. Income Taxes ” for additional detail. (2) Loans underlying servicing assets had a total outstanding principal balance of $10.7 billion and $11.0 billion as of March 31, 2023 and December 31, 2022, respectively. (3) See “ Note 9. Goodwill and Intangible Assets ” for additional detail.

Deposits (Tables)

Deposits (Tables)	3 Months Ended
	Mar. 31, 2023
Other Liabilities Disclosure [Abstract]
Summary of Deposits	Deposits consist of the following: March 31, 2023 December 31, 2022 Interest-bearing deposits: Savings and money market accounts $ 4,550,577 $ 3,616,657 Checking accounts 1,357,323 1,681,095 Certificates of deposit 1,110,114 860,808 Total $ 7,018,014 $ 6,158,560 Noninterest-bearing deposits 200,840 233,993 Total deposits $ 7,218,854 $ 6,392,553 Total certificates of deposit at March 31, 2023 are scheduled to mature as follows: 2023 $ 749,302 2024 339,416 2025 10,598 2026 1,107 2027 9,213 Thereafter 478 Total certificates of deposit $ 1,110,114 The following table presents the amount of certificates of deposit with denominations exceeding the Federal Deposit Insurance Corporation (FDIC) limit of $250 thousand, segregated by time remaining until maturity, as of March 31, 2023: Three months or less Over 3 months through Over 6 months through Over Total Certificates of deposit $ 303 $ 2,336 $ 7,573 $ 3,632 $ 13,844

Borrowings (Tables)

Borrowings (Tables)	3 Months Ended
	Mar. 31, 2023
Debt Disclosure [Abstract]
Schedule of Long-Term Debt	The following table summarizes the Company’s long-term debt, as of the dates indicated: March 31, 2023 December 31, 2022 Advances from PPPLF (1) : Aggregate debt outstanding (fixed interest rate of 0.35%) $ 45,610 $ 64,154 Pledged collateral $ 51,112 $ 66,971 Retail notes, certificates and secured borrowings (2) : Aggregate debt outstanding $ 38,855 $ 55,425 Payable on Structured Program borrowings (3) : Aggregate debt outstanding $ 5,978 $ 8,085 Pledged collateral $ 7,568 $ 9,708 (1) Collateralized by SBA PPP loans originated by the Company. The maturity date of the PPPLF borrowings matches the maturity date of the pledged SBA PPP loans. When loans are forgiven by the SBA, the corresponding PPPLF advance is paid by the Company. (2) The Company does not assume principal or interest rate risk on loans that were funded by Retail Notes because loan balances, interest rates and maturities were matched and offset by an equal balance of notes with the exact same interest rates and maturities. As of December 31, 2020, LendingClub ceased offering and selling Retail Notes. The total balance of outstanding Retail Notes will continue to decline as underlying borrower payments are made. (3) Consists of certificate participations and securities of certain consolidated VIEs held by third-party investors and secured by “Loans held for investment at fair value” totaling $2.7 million and $4.0 million and “Restricted cash” of $4.9 million and $5.7 million as of March 31, 2023 and December 31, 2022, respectively.

Other Liabilities (Tables)

Other Liabilities (Tables)	3 Months Ended
	Mar. 31, 2023
Payables and Accruals [Abstract]
Schedule of Other Liabilities	Other liabilities consist of the following: March 31, 2023 December 31, 2022 Operating lease liabilities $ 70,406 $ 77,291 Accounts payable and accrued expenses 51,128 98,173 Payable to investors (1) 37,753 30,311 Other 93,300 86,842 Total other liabilities $ 252,587 $ 292,617 (1) Represents principal and interest on loans collected by the Company and pending disbursement to investors.

Employee Incentive Plans (Table

Employee Incentive Plans (Tables)	3 Months Ended
	Mar. 31, 2023
Postemployment Benefits [Abstract]
Total Stock-based Compensation Expense	Stock-based compensation expense, included in “Compensation and benefits” expense on the Income Statement, was as follows for the periods presented: Three Months Ended 2023 2022 RSUs and PBRSUs $ 14,292 $ 17,363 Stock options — 20 Stock-based compensation expense, gross 14,292 17,383 Less: Capitalized stock-based compensation expense 2,404 1,689 Stock-based compensation expense, net $ 11,888 $ 15,694
Schedule of RSU Activity	The following table summarizes the activities for the Company’s RSUs: Number Weighted- Unvested at December 31, 2022 8,672,626 $ 12.94 Granted 5,794,645 $ 7.63 Vested (1,234,655) $ 12.78 Forfeited/expired (1,211,117) $ 13.30 Unvested at March 31, 2023 12,021,499 $ 10.36
Schedule of PBRSU Activity	The following table summarizes the activities for the Company’s PBRSUs: Number Weighted- Unvested at December 31, 2022 1,754,898 $ 11.19 Granted 687,992 $ 7.62 Vested (253,351) $ 5.48 Forfeited/expired (104,084) $ 11.77 Unvested at March 31, 2023 2,085,455 $ 10.67

Income Taxes (Tables)

Income Taxes (Tables)	3 Months Ended
	Mar. 31, 2023
Income Tax Disclosure [Abstract]
Schedule of Deferred Tax Assets	The following table summarizes the Company’s net deferred tax assets: March 31, 2023 December 31, 2022 Deferred tax assets, net of liabilities $ 218,636 $ 221,408 Valuation allowance (47,660) (47,721) Deferred tax assets, net of valuation allowance $ 170,976 $ 173,687

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2023
Leases [Abstract]
Components of Equipment Finance Assets	The components of Equipment Finance assets are as follows: March 31, 2023 December 31, 2022 Lease receivables $ 131,840 $ 137,969 Unguaranteed residual asset values 36,584 39,262 Unearned income (15,329) (17,786) Deferred fees 810 874 Total $ 153,905 $ 160,319
Future Minimum Payments to be Received, Fiscal Year Maturity	Future minimum lease payments based on maturity of the Company’s lessor arrangements as of March 31, 2023 were as follows: 2023 $ 37,428 2024 40,395 2025 29,311 2026 17,135 2027 8,087 Thereafter 5,620 Total lease payments $ 137,976 Discount effect (6,136) Present value of future minimum lease payments $ 131,840
Supplemental Balance Sheet Information	Balance sheet information related to leases was as follows: ROU Assets and Lease Liabilities Balance Sheet Classification March 31, 2023 December 31, 2022 Operating lease assets Other assets $ 57,335 $ 63,872 Operating lease liabilities (1) Other liabilities $ 70,406 $ 77,291 (1) The difference between operating lease assets and operating lease liabilities is the unamortized balance of deferred rent.
Lease Costs	Components of net lease costs were as follows: Three Months Ended Net Lease Costs Income Statement Classification 2023 2022 Operating lease costs Occupancy $ (2,928) $ (4,480) Sublease revenue Other non-interest income — 1,537 Net lease costs $ (2,928) $ (2,943)
Supplemental Cash Flow Information	Supplemental cash flow information related to the Company’s operating leases was as follows: Three Months Ended 2023 2022 Non-cash operating activity: Leased assets obtained or adjusted in exchange for new, amended, and modified operating lease liabilities (1) $ (4,664) $ — (1) Represents non-cash activity and, accordingly, is not reflected in the Condensed Consolidated Statements of Cash Flows. Amount includes noncash remeasurements of the operating lease ROU asset.
Future Minimum Undiscounted Lease Payments	The Company’s future minimum undiscounted lease payments under operating leases as of March 31, 2023 were as follows: Operating Lease 2023 $ 9,629 2024 12,798 2025 13,129 2026 11,710 2027 10,987 Thereafter 27,238 Total lease payments $ 85,491 Discount effect (15,085) Present value of future minimum lease payments $ 70,406
Weighted-average Remaining Lease Term and Discount Rate	The weighted-average remaining lease term and discount rate used in the calculation of the Company’s operating lease assets and liabilities were as follows: Lease Term and Discount Rate March 31, 2023 Weighted-average remaining lease term (in years) 6.92 Weighted-average discount rate 5.38 %

Regulatory Requirements (Tables

Regulatory Requirements (Tables)	3 Months Ended
	Mar. 31, 2023
Regulated Operations [Abstract]
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations	The following table summarizes the Company’s regulatory capital amounts (in millions) and ratios: LendingClub March 31, 2023 December 31, 2022 Required Minimum plus Required CCB for Non-Leverage Ratios Amount Ratio Amount Ratio CET1 capital (1) $ 1,023.7 15.6 % $ 1,005.8 15.8 % 7.0 % Tier 1 capital $ 1,023.7 15.6 % $ 1,005.8 15.8 % 8.5 % Total capital $ 1,108.5 16.9 % $ 1,088.1 17.1 % 10.5 % Tier 1 leverage $ 1,023.7 12.8 % $ 1,005.8 14.1 % 4.0 % Risk-weighted assets $ 6,541.2 N/A $ 6,360.7 N/A N/A Quarterly adjusted average assets $ 8,016.1 N/A $ 7,119.0 N/A N/A N/A – Not applicable (1) Consists of common stockholders’ equity as defined under U.S. GAAP and certain adjustments made in accordance with regulatory capital guidelines, including the addition of the CECL transitional benefit and deductions for goodwill and other intangible assets. The following table summarizes LC Bank’s regulatory capital amounts (in millions) and ratios: LendingClub Bank March 31, 2023 December 31, 2022 Required Minimum plus Required CCB for Non-Leverage Ratios Amount Ratio Amount Ratio CET1 capital (1) $ 914.6 14.3 % $ 852.2 13.8 % 7.0 % Tier 1 capital $ 914.6 14.3 % $ 852.2 13.8 % 8.5 % Total capital $ 997.7 15.6 % $ 932.4 15.1 % 10.5 % Tier 1 leverage $ 914.6 11.7 % $ 852.2 12.5 % 4.0 % Risk-weighted assets $ 6,399.2 N/A $ 6,194.0 N/A N/A Quarterly adjusted average assets $ 7,787.5 N/A $ 6,795.2 N/A N/A N/A – Not applicable (1) Consists of common stockholders’ equity as defined under U.S. GAAP and certain adjustments made in accordance with regulatory capital guidelines, including the addition of the CECL transitional benefit and deductions for goodwill and other intangible assets.

Other Non-interest Income and_2

Other Non-interest Income and Non-interest Expense (Tables)	3 Months Ended
	Mar. 31, 2023
Other Income and Expenses [Abstract]
Schedule of Other Nonoperating Income (Expense)	Other non-interest income consists of the following: Three Months Ended 2023 2022 Referral revenue $ 1,448 $ 3,691 Realized gains on sales of securities available for sale — 36 Other 1,908 6,164 Total other non-interest income $ 3,356 $ 9,891 Other non-interest expense consists of the following: Three Months Ended 2023 2022 Consumer credit services $ 4,967 $ 5,524 Other 12,736 8,480 Total other non-interest expense $ 17,703 $ 14,004

Segment Reporting (Tables)

Segment Reporting (Tables)	3 Months Ended
	Mar. 31, 2023
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	Financial information for the segments is presented in the following tables: LendingClub LendingClub Intercompany Consolidated Total Three Months Ended March 31, Three Months Ended March 31, Three Months Ended March 31, Three Months Ended March 31, 2023 2022 2023 2022 2023 2022 2023 2022 Non-interest income: Marketplace revenue $ 72,688 $ 164,835 $ 13,108 $ 15,131 $ 9,838 $ — $ 95,634 $ 179,966 Other non-interest income 19,161 19,498 2,553 4,223 (18,358) (13,830) 3,356 9,891 Total non-interest income 91,849 184,333 15,661 19,354 (8,520) (13,830) 98,990 189,857 Interest income: Interest income 198,330 99,823 4,083 11,830 — — 202,413 111,653 Interest expense (53,896) (3,644) (1,813) (8,329) — — (55,709) (11,973) Net interest income 144,434 96,179 2,270 3,501 — — 146,704 99,680 Total net revenue 236,283 280,512 17,931 22,855 (8,520) (13,830) 245,694 289,537 Provision for credit losses (70,584) (52,509) — — — — (70,584) (52,509) Non-interest expense (148,383) (178,459) (17,445) (26,575) 8,520 13,830 (157,308) (191,204) Income (Loss) before income tax benefit (expense) 17,316 49,544 486 (3,720) — — 17,802 45,824 Income tax benefit (expense) (4,256) (12,355) 120 17,727 — (10,360) (4,136) (4,988) Net income (loss) $ 13,060 $ 37,189 $ 606 $ 14,007 $ — $ (10,360) $ 13,666 $ 40,836 Capital expenditures $ 16,398 $ 21,575 $ — $ — $ — $ — $ 16,398 $ 21,575 Depreciation and amortization $ 6,894 $ 3,500 $ 5,460 $ 7,539 $ — $ — $ 12,354 $ 11,039 LendingClub Bank LendingClub Corporation Intercompany Consolidated Total March 31, 2023 December 31, 2022 March 31, 2023 December 31, 2022 March 31, 2023 December 31, 2022 March 31, 2023 December 31, 2022 Assets Total cash and cash equivalents $ 1,609,360 $ 1,020,874 $ 42,769 $ 56,475 $ (15,132) $ (20,319) $ 1,636,997 $ 1,057,030 Restricted cash — — 54,819 75,409 (7,477) (7,955) 47,342 67,454 Securities available for sale at fair value 368,365 329,287 11,663 16,415 — — 380,028 345,702 Loans held for sale at fair value 44,647 110,400 — — — — 44,647 110,400 Loans and leases held for investment, net 5,143,081 4,705,302 — — — — 5,143,081 4,705,302 Loans held for investment at fair value 729,954 906,711 18,664 19,227 — — 748,618 925,938 Retail and certificate loans held for investment at fair value — — 38,855 55,425 — — 38,855 55,425 Property, equipment and software, net 115,306 102,274 28,735 34,199 — — 144,041 136,473 Investment in subsidiary — — 776,034 755,319 (776,034) (755,319) — — Goodwill 75,717 75,717 — — — — 75,717 75,717 Other assets 308,476 339,341 207,228 173,851 (21,012) (12,886) 494,692 500,306 Total assets 8,394,906 7,589,906 1,178,767 1,186,320 (819,655) (796,479) 8,754,018 7,979,747 Liabilities and Equity Total deposits 7,241,463 6,420,827 — — (22,609) (28,274) 7,218,854 6,392,553 Borrowings 45,610 64,154 7,370 10,704 — — 52,980 74,858 Retail notes, certificates and secured borrowings at fair value — — 38,855 55,425 — — 38,855 55,425 Other liabilities 153,450 189,185 120,149 116,318 (21,012) (12,886) 252,587 292,617 Total liabilities 7,440,523 6,674,166 166,374 182,447 (43,621) (41,160) 7,563,276 6,815,453 Total equity 954,383 915,740 1,012,393 1,003,873 (776,034) (755,319) 1,190,742 1,164,294 Total liabilities and equity $ 8,394,906 $ 7,589,906 $ 1,178,767 $ 1,186,320 $ (819,655) $ (796,479) $ 8,754,018 $ 7,979,747

Marketplace Revenue - Component

Marketplace Revenue - Components of Marketplace Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Disaggregation of Revenue [Line Items]
Gain on sales of loans	$ 14,125	$ 24,110
Net fair value adjustments	(15,414)	15,249
Total marketplace revenue	95,634	179,966
Origination fees
Disaggregation of Revenue [Line Items]
Revenue	70,543	122,093
Servicing fees
Disaggregation of Revenue [Line Items]
Revenue	$ 26,380	$ 18,514

Earnings Per Share (Detail)

Earnings Per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended
		Mar. 31, 2023	Mar. 31, 2022
Basic EPS:
Net income attributable to stockholders		$ 13,666	$ 40,836
Weighted-average common shares – Basic (shares)	[1]	106,912,139	101,493,561
Basic EPS ($ per share)	[1]	$ 0.13	$ 0.40
Diluted EPS:
Net income attributable to stockholders		$ 13,666	$ 40,836
Weighted-average common shares – Diluted (shares)	[1]	106,917,770	105,052,904
Diluted EPS ($ per share)	[1]	$ 0.13	$ 0.39
Weighted average common shares excluded (shares)		0	0
[1]See “ Notes to Condensed Consolidated Financial Statements – Note 3. Earnings Per Share ” for additional information.

Securities Available for Sale -

Securities Available for Sale - Amortized cost/fair value (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 428,395	$ 399,668
Gross Unrealized Gains	8,365	9,424
Gross Unrealized Losses	(56,732)	(63,390)
Fair Value	380,028	345,702
Assets pledged as collateral
Debt Securities, Available-for-sale [Line Items]
Fair Value	356,900	319,000
U.S. agency residential mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	259,748	255,675
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(37,404)	(41,248)
Fair Value	222,344	214,427
U.S. agency securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	93,448	90,447
Gross Unrealized Gains	6	0
Gross Unrealized Losses	(13,245)	(16,053)
Fair Value	80,209	74,394
Commercial mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	41,514	26,988
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(4,623)	(4,470)
Fair Value	36,891	22,518
Other asset-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	25,629	14,959
Gross Unrealized Gains	50	29
Gross Unrealized Losses	(739)	(785)
Fair Value	24,940	14,203
Asset-backed securities related to Structured Program transactions
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	4,784	8,322
Gross Unrealized Gains	8,309	9,395
Gross Unrealized Losses	0	0
Fair Value	13,093	17,717
Municipal securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	3,272	3,277
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(721)	(834)
Fair Value	$ 2,551	$ 2,443

Securities Available for Sale_2

Securities Available for Sale - Continuous loss (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Schedule of Securities Available-for-sale [Line Items]
Fair Value, Less than 12 months	$ 53,483	$ 168,722
Unrealized Losses, Less than 12 months	(1,694)	(23,346)
Fair Value, 12 months or longer	298,959	156,091
Unrealized Losses, 12 months or longer	(55,038)	(40,044)
Fair Value	352,442	324,813
Unrealized Losses	(56,732)	(63,390)
U.S. agency residential mortgage-backed securities
Schedule of Securities Available-for-sale [Line Items]
Fair Value, Less than 12 months	26,101	111,843
Unrealized Losses, Less than 12 months	(1,125)	(15,831)
Fair Value, 12 months or longer	196,243	102,584
Unrealized Losses, 12 months or longer	(36,279)	(25,417)
Fair Value	222,344	214,427
Unrealized Losses	(37,404)	(41,248)
U.S. agency securities
Schedule of Securities Available-for-sale [Line Items]
Fair Value, Less than 12 months	8,759	50,352
Unrealized Losses, Less than 12 months	(241)	(7,213)
Fair Value, 12 months or longer	68,443	24,042
Unrealized Losses, 12 months or longer	(13,004)	(8,840)
Fair Value	77,202	74,394
Unrealized Losses	(13,245)	(16,053)
Commercial mortgage-backed securities
Schedule of Securities Available-for-sale [Line Items]
Fair Value, Less than 12 months	14,602	2,441
Unrealized Losses, Less than 12 months	(314)	(229)
Fair Value, 12 months or longer	22,289	20,077
Unrealized Losses, 12 months or longer	(4,309)	(4,241)
Fair Value	36,891	22,518
Unrealized Losses	(4,623)	(4,470)
Other asset-backed securities
Schedule of Securities Available-for-sale [Line Items]
Fair Value, Less than 12 months	4,021	4,086
Unrealized Losses, Less than 12 months	(14)	(73)
Fair Value, 12 months or longer	9,433	6,945
Unrealized Losses, 12 months or longer	(725)	(712)
Fair Value	13,454	11,031
Unrealized Losses	(739)	(785)
Municipal securities
Schedule of Securities Available-for-sale [Line Items]
Fair Value, Less than 12 months	0	0
Unrealized Losses, Less than 12 months	0	0
Fair Value, 12 months or longer	2,551	2,443
Unrealized Losses, 12 months or longer	(721)	(834)
Fair Value	2,551	2,443
Unrealized Losses	$ (721)	$ (834)

Securities Available for Sale_3

Securities Available for Sale - Maturities (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Amortized Cost
Amortized cost, due after 1 year through 5 years	$ 10,030
Amortized Cost, due after 5 years through 10 years	37,078
Amortized Cost, due after 10 years	376,503
Amortized Cost	428,395	$ 399,668
Fair Value
Fair value, due after 1 year through 5 years	9,618
Fair Value, due after 5 years through 10 years	35,050
Fair Value, due after 10 years	322,267
Fair Value	$ 380,028	345,702
Weighted-average Yield, due after 1 year through 5 years	3.33%
Weighted-average Yield, due after 5 years through 10 years	3.81%
Weighted- average Yield, due after 10 years	2.67%
Weighted- average Yield	3.87%
U.S. agency securities
Amortized Cost
Amortized cost, due after 1 year through 5 years	$ 9,000
Amortized Cost, due after 5 years through 10 years	15,848
Amortized Cost, due after 10 years	68,600
Amortized Cost	93,448	90,447
Fair Value
Fair value, due after 1 year through 5 years	8,675
Fair Value, due after 5 years through 10 years	14,642
Fair Value, due after 10 years	56,892
Fair Value	80,209	74,394
Other asset-backed securities
Amortized Cost
Amortized Cost, due after 5 years through 10 years	11,900
Amortized Cost, due after 10 years	13,729
Amortized Cost	25,629	14,959
Fair Value
Fair Value, due after 5 years through 10 years	11,919
Fair Value, due after 10 years	13,021
Fair Value	24,940	14,203
U.S. agency residential mortgage-backed securities
Amortized Cost
Amortized cost, due after 1 year through 5 years	4
Amortized Cost, due after 5 years through 10 years	5,872
Amortized Cost, due after 10 years	253,872
Fair Value
Fair value, due after 1 year through 5 years	4
Fair Value, due after 5 years through 10 years	5,528
Fair Value, due after 10 years	216,812
Fair Value	222,344	214,427
Commercial mortgage-backed securities
Amortized Cost
Amortized cost, due after 1 year through 5 years	1,026
Amortized Cost, due after 5 years through 10 years	2,835
Amortized Cost, due after 10 years	37,653
Amortized Cost	41,514	26,988
Fair Value
Fair value, due after 1 year through 5 years	939
Fair Value, due after 5 years through 10 years	2,411
Fair Value, due after 10 years	33,541
Fair Value	36,891	22,518
Municipal securities
Amortized Cost
Amortized Cost, due after 5 years through 10 years	623
Amortized Cost, due after 10 years	2,649
Amortized Cost	3,272	3,277
Fair Value
Fair Value, due after 5 years through 10 years	550
Fair Value, due after 10 years	2,001
Fair Value	2,551	2,443
Asset-backed securities related to Structured Program transactions
Amortized Cost
Asset-backed securities related to Structured Program transactions	4,784
Amortized Cost	4,784	8,322
Fair Value
Asset-backed securities related to Structured Program transactions	13,093
Fair Value	$ 13,093	$ 17,717
Weighted- average Yield	99.40%

Loans and Leases Held for Inv_3

Loans and Leases Held for Investment at Amortized Cost, Net of Allowance for Loan and Lease Losses - Narrative (Detail) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accrued interest	$ 31.2	$ 27.9

Loans and Leases Held for Inv_4

Loans and Leases Held for Investment at Amortized Cost, Net of Allowance for Loan and Lease Losses - Schedule of Components of Portfolio Segment by Class of Financing Receivable (Detail) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans and leases held for investment	$ 5,491,938	$ 5,033,154
Allowance for loan and lease losses	(348,857)	(327,852)	$ (187,985)	$ (144,389)
Loans and leases held for investment, net	5,143,081	4,705,302
Loans pledged as collateral under the FRB discount window	$ 278,600	$ 283,600
Allowance Ratios	6.40%	6.50%
Assets pledged as collateral
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans and leases held for investment, net	$ 156,200	$ 156,200
Consumer Portfolio Segment
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans and leases held for investment	4,729,624	4,260,608
Allowance for loan and lease losses	(333,546)	(312,489)	(173,857)	(128,812)
Loans and leases held for investment, net	$ 4,396,078	$ 3,948,119
Allowance Ratios	7.10%	7.30%
Consumer Portfolio Segment | Unsecured personal
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans and leases held for investment	$ 4,319,148	$ 3,866,373
Consumer Portfolio Segment | Residential mortgages
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans and leases held for investment	197,728	199,601
Consumer Portfolio Segment | Secured consumer
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans and leases held for investment	212,748	194,634
Commercial Portfolio Segment
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans and leases held for investment	762,314	772,546
Allowance for loan and lease losses	(15,311)	(15,363)	$ (14,128)	$ (15,577)
Loans and leases held for investment, net	$ 747,003	$ 757,183
Allowance Ratios	2%	2%
Commercial Portfolio Segment | Equipment finance
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans and leases held for investment	$ 153,905	$ 160,319
Commercial Portfolio Segment | Commercial real estate
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans and leases held for investment	372,770	373,501
Commercial Portfolio Segment | Commercial and industrial
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans and leases held for investment	235,639	238,726
Commercial Portfolio Segment | Commercial and industrial loan, PPP
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans and leases held for investment	$ 51,100	$ 67,000

Loans and Leases Held for Inv_5

Loans and Leases Held for Investment at Amortized Cost, Net of Allowance for Loan and Lease Losses - Allowance For Credit Losses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Allowance for loan and lease losses, beginning of period	$ 327,852	$ 144,389
Credit loss expense for loans and leases held for investment	70,850	52,228
Charge-offs	(52,563)	(9,089)
Recoveries	2,718	457
Allowance for loan and lease losses, end of period	348,857	187,985
Unfunded Loan Commitment
Off-Balance Sheet, Credit Loss, Liability [Roll Forward]
Reserve for unfunded lending commitments, beginning of period	1,878	1,231
Credit loss expense for unfunded lending commitments	(266)	281
Reserve for unfunded lending commitments, end of period	1,612	1,512
Unfunded Loan Commitment, Commitments To Extend Credit
Off-Balance Sheet, Credit Loss, Liability [Roll Forward]
Reserve for unfunded lending commitments, beginning of period	138,000
Reserve for unfunded lending commitments, end of period	117,200	109,500
Consumer Portfolio Segment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Allowance for loan and lease losses, beginning of period	312,489	128,812
Credit loss expense for loans and leases held for investment	70,684	53,718
Charge-offs	(52,212)	(9,017)
Recoveries	2,585	344
Allowance for loan and lease losses, end of period	333,546	173,857
Consumer Portfolio Segment | Unfunded Loan Commitment
Off-Balance Sheet, Credit Loss, Liability [Roll Forward]
Reserve for unfunded lending commitments, beginning of period	18	0
Credit loss expense for unfunded lending commitments	49	0
Reserve for unfunded lending commitments, end of period	67	0
Commercial Portfolio Segment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Allowance for loan and lease losses, beginning of period	15,363	15,577
Credit loss expense for loans and leases held for investment	166	(1,490)
Charge-offs	(351)	(72)
Recoveries	133	113
Allowance for loan and lease losses, end of period	15,311	14,128
Commercial Portfolio Segment | Unfunded Loan Commitment
Off-Balance Sheet, Credit Loss, Liability [Roll Forward]
Reserve for unfunded lending commitments, beginning of period	1,860	1,231
Credit loss expense for unfunded lending commitments	(315)	281
Reserve for unfunded lending commitments, end of period	$ 1,545	$ 1,512

Loans and Leases Held for Inv_6

Loans and Leases Held for Investment at Amortized Cost, Net of Allowance for Loan and Lease Losses - Gross Charge-Offs by Origination Year (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Term Loans and Leases by Origination Year
Year 1	$ 0
Year 2	25,881
Year 3	26,331
Year 4	0
Year 5	318
Prior	33
Total	52,563	$ 9,089
Consumer Portfolio Segment
Term Loans and Leases by Origination Year
Year 1	0
Year 2	25,881
Year 3	26,331
Year 4	0
Year 5	0
Prior	0
Total	52,212	9,017
Consumer Portfolio Segment | Unsecured personal
Term Loans and Leases by Origination Year
Year 1	0
Year 2	25,413
Year 3	26,123
Year 4	0
Year 5	0
Prior	0
Total	51,536
Consumer Portfolio Segment | Residential mortgages
Term Loans and Leases by Origination Year
Year 1	0
Year 2	0
Year 3	0
Year 4	0
Year 5	0
Prior	0
Total	0
Consumer Portfolio Segment | Secured consumer
Term Loans and Leases by Origination Year
Year 1	0
Year 2	468
Year 3	208
Year 4	0
Year 5	0
Prior	0
Total	676
Commercial Portfolio Segment
Term Loans and Leases by Origination Year
Year 1	0
Year 2	0
Year 3	0
Year 4	0
Year 5	318
Prior	33
Total	351	$ 72
Commercial Portfolio Segment | Equipment finance
Term Loans and Leases by Origination Year
Year 1	0
Year 2	0
Year 3	0
Year 4	0
Year 5	0
Prior	0
Total	0
Commercial Portfolio Segment | Commercial real estate
Term Loans and Leases by Origination Year
Year 1	0
Year 2	0
Year 3	0
Year 4	0
Year 5	0
Prior	0
Total	0
Commercial Portfolio Segment | Commercial and industrial
Term Loans and Leases by Origination Year
Year 1	0
Year 2	0
Year 3	0
Year 4	0
Year 5	318
Prior	33
Total	$ 351

Loans and Leases Held for Inv_7

Loans and Leases Held for Investment at Amortized Cost, Net of Allowance for Loan and Lease Losses - Credit Quality Indicators (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Term Loans and Leases by Origination Year
Total	$ 5,491,938	$ 5,033,154
Consumer Portfolio Segment
Term Loans and Leases by Origination Year
Year 1	930,987	3,064,021
Year 2	2,767,125	1,102,517
Year 3	939,346	31,465
Year 4	30,654	24,226
Year 5	24,039	4,546
Prior	37,473	33,833
Total	4,729,624	4,260,608
Consumer Portfolio Segment | Unsecured personal
Term Loans and Leases by Origination Year
Year 1	894,648	2,861,207
Year 2	2,577,564	1,005,166
Year 3	846,936	0
Year 4	0	0
Year 5	0	0
Prior	0	0
Total	4,319,148	3,866,373
Consumer Portfolio Segment | Residential mortgages
Term Loans and Leases by Origination Year
Year 1	45	49,721
Year 2	50,069	58,353
Year 3	57,970	31,465
Year 4	30,654	21,683
Year 5	21,517	4,546
Prior	37,473	33,833
Total	197,728	199,601
Consumer Portfolio Segment | Secured consumer
Term Loans and Leases by Origination Year
Year 1	36,294	153,093
Year 2	139,492	38,998
Year 3	34,440	0
Year 4	0	2,543
Year 5	2,522	0
Prior	0	0
Total	212,748	194,634
Commercial Portfolio Segment
Term Loans and Leases by Origination Year
Year 1	29,928	220,905
Year 2	228,037	202,382
Year 3	177,005	111,040
Year 4	100,000	91,253
Year 5	86,335	57,687
Prior	141,009	89,279
Total	762,314	772,546
Commercial Portfolio Segment | Equipment finance
Term Loans and Leases by Origination Year
Year 1	3,920	59,227
Year 2	56,720	40,312
Year 3	37,463	25,873
Year 4	23,672	19,544
Year 5	17,995	11,919
Prior	14,135	3,444
Total	153,905	160,319
Commercial Portfolio Segment | Equipment finance | Pass
Term Loans and Leases by Origination Year
Year 1	3,920	59,227
Year 2	56,720	38,218
Year 3	35,474	25,014
Year 4	22,901	15,785
Year 5	14,527	11,880
Prior	14,135	3,444
Total	147,677	153,568
Commercial Portfolio Segment | Equipment finance | Special mention
Term Loans and Leases by Origination Year
Year 1	0	0
Year 2	0	2,094
Year 3	1,989	0
Year 4	0	3,759
Year 5	3,468
Prior	0	0
Total	5,457	5,853
Commercial Portfolio Segment | Equipment finance | Substandard
Term Loans and Leases by Origination Year
Year 1	0	0
Year 2	0	0
Year 3	0	859
Year 4	771	0
Year 5	0	39
Prior	0	0
Total	771	898
Commercial Portfolio Segment | Equipment finance | Doubtful
Term Loans and Leases by Origination Year
Year 1	0	0
Year 2	0	0
Year 3	0	0
Year 4	0	0
Year 5	0	0
Prior	0	0
Total	0	0
Commercial Portfolio Segment | Equipment finance | Loss
Term Loans and Leases by Origination Year
Year 1	0	0
Year 2	0	0
Year 3	0	0
Year 4	0	0
Year 5	0	0
Prior	0	0
Total	0	0
Commercial Portfolio Segment | Commercial real estate
Term Loans and Leases by Origination Year
Year 1	9,937	100,602
Year 2	98,997	53,445
Year 3	51,331	55,912
Year 4	52,826	53,737
Year 5	53,090	39,633
Prior	106,589	70,172
Total	372,770	373,501
Commercial Portfolio Segment | Commercial real estate | Pass
Term Loans and Leases by Origination Year
Year 1	9,937	100,602
Year 2	95,093	53,445
Year 3	44,483	47,497
Year 4	44,411	52,834
Year 5	52,521	35,992
Prior	85,428	60,976
Total	331,873	351,346
Commercial Portfolio Segment | Commercial real estate | Special mention
Term Loans and Leases by Origination Year
Year 1	0	0
Year 2	0	0
Year 3	0	8,415
Year 4	0	260
Year 5	260	1,237
Prior	10,021	405
Total	10,281	10,317
Commercial Portfolio Segment | Commercial real estate | Substandard
Term Loans and Leases by Origination Year
Year 1	0	0
Year 2	3,904	0
Year 3	6,848	0
Year 4	8,415	643
Year 5	241	2,404
Prior	10,582	8,215
Total	29,990	11,262
Commercial Portfolio Segment | Commercial real estate | Doubtful
Term Loans and Leases by Origination Year
Year 1	0	0
Year 2	0	0
Year 3	0	0
Year 4	0	0
Year 5	0	0
Prior	0	0
Total	0	0
Commercial Portfolio Segment | Commercial real estate | Loss
Term Loans and Leases by Origination Year
Year 1	0	0
Year 2	0	0
Year 3	0	0
Year 4	0	0
Year 5	68	0
Prior	558	576
Total	626	576
Commercial Portfolio Segment | Commercial and industrial
Term Loans and Leases by Origination Year
Year 1	16,071	61,076
Year 2	72,320	108,625
Year 3	88,211	29,255
Year 4	23,502	17,972
Year 5	15,250	6,135
Prior	20,285	15,663
Total	235,639	238,726
Commercial Portfolio Segment | Commercial and industrial | Pass
Term Loans and Leases by Origination Year
Year 1	16,071	61,076
Year 2	71,533	99,264
Year 3	83,592	24,726
Year 4	22,658	13,866
Year 5	10,950	5,174
Prior	14,107	10,831
Total	218,911	214,937
Commercial Portfolio Segment | Commercial and industrial | Special mention
Term Loans and Leases by Origination Year
Year 1	0	0
Year 2	787	0
Year 3	30	0
Year 4	112	483
Year 5	439	163
Prior	647	455
Total	2,015	1,101
Commercial Portfolio Segment | Commercial and industrial | Substandard
Term Loans and Leases by Origination Year
Year 1	0	0
Year 2	0	9,361
Year 3	4,589	4,529
Year 4	732	3,623
Year 5	3,861	797
Prior	3,887	2,820
Total	13,069	21,130
Commercial Portfolio Segment | Commercial and industrial | Doubtful
Term Loans and Leases by Origination Year
Year 1	0	0
Year 2	0	0
Year 3	0	0
Year 4	0	0
Year 5	0	0
Prior	286	286
Total	286	286
Commercial Portfolio Segment | Commercial and industrial | Loss
Term Loans and Leases by Origination Year
Year 1	0	0
Year 2	0	0
Year 3	0	0
Year 4	0	0
Year 5	0	1
Prior	1,358	1,271
Total	1,358	1,272
Commercial Portfolio Segment | Commercial and industrial loan, PPP
Term Loans and Leases by Origination Year
Total	51,100	67,000
Current | Consumer Portfolio Segment | Unsecured personal
Term Loans and Leases by Origination Year
Year 1	893,506	2,835,460
Year 2	2,538,186	977,224
Year 3	821,772	0
Year 4	0	0
Year 5	0	0
Prior	0	0
Total	4,253,464	3,812,684
Current | Consumer Portfolio Segment | Residential mortgages
Term Loans and Leases by Origination Year
Year 1	45	49,721
Year 2	50,069	58,353
Year 3	57,970	31,465
Year 4	30,654	21,683
Year 5	21,517	4,546
Prior	37,076	33,248
Total	197,331	199,016
Current | Consumer Portfolio Segment | Secured consumer
Term Loans and Leases by Origination Year
Year 1	36,276	151,725
Year 2	137,912	38,076
Year 3	33,669	0
Year 4	0	2,543
Year 5	2,522	0
Prior	0	0
Total	210,379	192,344
Past due | Commercial Portfolio Segment
Term Loans and Leases by Origination Year
Total	16,806	5,776
Past due | Commercial Portfolio Segment | Equipment finance
Term Loans and Leases by Origination Year
Total	3,791	4,031
Past due | Commercial Portfolio Segment | Commercial real estate
Term Loans and Leases by Origination Year
Total	10,466	102
Past due | Commercial Portfolio Segment | Commercial and industrial
Term Loans and Leases by Origination Year
Total	2,549	1,643
30-59 days past due | Consumer Portfolio Segment | Unsecured personal
Term Loans and Leases by Origination Year
Year 1	1,142	11,149
Year 2	16,076	9,867
Year 3	9,723	0
Year 4	0	0
Year 5	0	0
Prior	0	0
Total	26,941	21,016
30-59 days past due | Consumer Portfolio Segment | Residential mortgages
Term Loans and Leases by Origination Year
Year 1	0	0
Year 2	0	0
Year 3	0	0
Year 4	0	0
Year 5	0	0
Prior	230	0
Total	230	0
30-59 days past due | Consumer Portfolio Segment | Secured consumer
Term Loans and Leases by Origination Year
Year 1	18	1,017
Year 2	1,271	703
Year 3	633	0
Year 4	0	0
Year 5	0	0
Prior	0	0
Total	1,922	1,720
30-59 days past due | Commercial Portfolio Segment
Term Loans and Leases by Origination Year
Total	12,212	3,172
30-59 days past due | Commercial Portfolio Segment | Equipment finance
Term Loans and Leases by Origination Year
Total	3,020	3,172
30-59 days past due | Commercial Portfolio Segment | Commercial real estate
Term Loans and Leases by Origination Year
Total	8,251	0
30-59 days past due | Commercial Portfolio Segment | Commercial and industrial
Term Loans and Leases by Origination Year
Total	941	0
60-89 days past due | Consumer Portfolio Segment | Unsecured personal
Term Loans and Leases by Origination Year
Year 1	0	7,785
Year 2	12,520	8,633
Year 3	7,239	0
Year 4	0	0
Year 5	0	0
Prior	0	0
Total	19,759	16,418
60-89 days past due | Consumer Portfolio Segment | Residential mortgages
Term Loans and Leases by Origination Year
Year 1	0	0
Year 2	0	0
Year 3	0	0
Year 4	0	0
Year 5	0	0
Prior	0	254
Total	0	254
60-89 days past due | Consumer Portfolio Segment | Secured consumer
Term Loans and Leases by Origination Year
Year 1	0	235
Year 2	170	147
Year 3	90	0
Year 4	0	0
Year 5	0	0
Prior	0	0
Total	260	382
60-89 days past due | Commercial Portfolio Segment
Term Loans and Leases by Origination Year
Total	2,112	102
60-89 days past due | Commercial Portfolio Segment | Equipment finance
Term Loans and Leases by Origination Year
Total	0	0
60-89 days past due | Commercial Portfolio Segment | Commercial real estate
Term Loans and Leases by Origination Year
Total	2,112	102
60-89 days past due | Commercial Portfolio Segment | Commercial and industrial
Term Loans and Leases by Origination Year
Total	0	0
90 or more days past due | Consumer Portfolio Segment | Unsecured personal
Term Loans and Leases by Origination Year
Year 1	0	6,813
Year 2	10,782	9,442
Year 3	8,202	0
Year 4	0	0
Year 5	0	0
Prior	0	0
Total	18,984	16,255
90 or more days past due | Consumer Portfolio Segment | Residential mortgages
Term Loans and Leases by Origination Year
Year 1	0	0
Year 2	0	0
Year 3	0	0
Year 4	0	0
Year 5	0	0
Prior	167	331
Total	167	331
90 or more days past due | Consumer Portfolio Segment | Secured consumer
Term Loans and Leases by Origination Year
Year 1	0	116
Year 2	139	72
Year 3	48	0
Year 4	0	0
Year 5	0	0
Prior	0	0
Total	187	188
90 or more days past due | Commercial Portfolio Segment
Term Loans and Leases by Origination Year
Total	2,482	2,502
90 or more days past due | Commercial Portfolio Segment | Equipment finance
Term Loans and Leases by Origination Year
Total	771	859
90 or more days past due | Commercial Portfolio Segment | Commercial real estate
Term Loans and Leases by Origination Year
Total	103	0
90 or more days past due | Commercial Portfolio Segment | Commercial and industrial
Term Loans and Leases by Origination Year
Total	$ 1,608	$ 1,643

Loans and Leases Held for Inv_8

Loans and Leases Held for Investment at Amortized Cost, Net of Allowance for Loan and Lease Losses - Nonaccrual and Past Due Table (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Financing Receivable, Past Due [Line Items]
Nonaccrual	$ 38,392	$ 34,827
Nonaccrual with no related ACL	$ 3,367	$ 2,617
Nonaccrual Ratios	0.70%	0.70%
Consumer Portfolio Segment
Financing Receivable, Past Due [Line Items]
Nonaccrual	$ 19,499	$ 16,774
Nonaccrual with no related ACL	$ 326	$ 331
Nonaccrual Ratios	0.40%	0.40%
Consumer Portfolio Segment | Unsecured personal
Financing Receivable, Past Due [Line Items]
Nonaccrual	$ 18,986	$ 16,255
Nonaccrual with no related ACL	0	0
Consumer Portfolio Segment | Residential mortgages
Financing Receivable, Past Due [Line Items]
Nonaccrual	326	331
Nonaccrual with no related ACL	326	331
Consumer Portfolio Segment | Secured consumer
Financing Receivable, Past Due [Line Items]
Nonaccrual	187	188
Nonaccrual with no related ACL	0	0
Commercial Portfolio Segment
Financing Receivable, Past Due [Line Items]
Nonaccrual	18,893	18,053
Nonaccrual with no related ACL	$ 3,041	$ 2,286
Nonaccrual Ratios	2.50%	2.30%
Commercial Portfolio Segment | Equipment finance
Financing Receivable, Past Due [Line Items]
Nonaccrual	$ 771	$ 898
Nonaccrual with no related ACL	0	39
Commercial Portfolio Segment | Commercial real estate
Financing Receivable, Past Due [Line Items]
Nonaccrual	9,290	1,018
Nonaccrual with no related ACL	1,039	1,018
Commercial Portfolio Segment | Commercial and industrial
Financing Receivable, Past Due [Line Items]
Nonaccrual	8,832	16,137
Nonaccrual with no related ACL	$ 2,002	$ 1,229

Securitizations and Variable _3

Securitizations and Variable Interest Entities - Summary of Select Information Related to VIEs (Details) - USD ($) $ in Thousands		Mar. 31, 2023	Dec. 31, 2022
Assets
Restricted cash	[1]	$ 47,342	$ 67,454
Securities available for sale at fair value		380,028	345,702
Loans held for investment at fair value		5,143,081	4,705,302
Retail and certificate loans held for investment at fair value	[1]	38,855	55,425
Other assets	[1]	494,692	500,306
Total assets		8,754,018	7,979,747
Liabilities
Borrowings	[1]	52,980	74,858
Retail notes, certificates and secured borrowings at fair value		38,855	55,425
Other liabilities	[1]	252,587	292,617
Total liabilities		7,563,276	6,815,453
Consolidated VIEs
Assets
Restricted cash		7,195	8,048
Securities available for sale at fair value		0	0
Loans held for investment at fair value		2,663	3,994
Retail and certificate loans held for investment at fair value		1,316	1,946
Other assets		190	206
Total assets		11,364	14,194
Liabilities
Borrowings		5,978	8,085
Retail notes, certificates and secured borrowings at fair value		1,316	1,946
Other liabilities		19	29
Total liabilities		7,313	10,060
Total net assets		4,051	4,134
Unconsolidated VIEs
Assets
Restricted cash		0	0
Securities available for sale at fair value		13,093	17,717
Loans held for investment at fair value		0	0
Retail and certificate loans held for investment at fair value		0	0
Other assets		9,412	10,464
Total assets		22,505	28,181
Liabilities
Borrowings		0	0
Retail notes, certificates and secured borrowings at fair value		0	0
Other liabilities		0	0
Total liabilities		0	0
Total net assets		22,505	28,181
Total
Assets
Restricted cash		7,195	8,048
Securities available for sale at fair value		13,093	17,717
Loans held for investment at fair value		2,663	3,994
Retail and certificate loans held for investment at fair value		1,316	1,946
Other assets		9,602	10,670
Total assets		33,869	42,375
Liabilities
Borrowings		5,978	8,085
Retail notes, certificates and secured borrowings at fair value		1,316	1,946
Other liabilities		19	29
Total liabilities		7,313	10,060
Total net assets		$ 26,556	$ 32,315
[1]Includes amounts in consolidated variable interest entities (VIEs). See “ Notes to Condensed Consolidated Financial Statements – Note 6. Securitizations and Variable Interest Entities .”

Securitizations and Variable _4

Securitizations and Variable Interest Entities - Summary of Activity Related to Unconsolidated VIEs (Details) - Unconsolidated VIEs $ in Thousands	3 Months Ended
	Mar. 31, 2022 USD ($)
Fair Value Assumption, Date of Securitization or Asset-backed Financing Arrangement, Transferor's Continuing Involvement, Servicing Assets or Liabilities [Line Items]
Principal derecognized from loans securitized or sold	$ 41,023
Net gains recognized from loans securitized or sold	259
Fair value of asset-backed securities related to Structured Program transactions retained upon settlement	2,180
Cash proceeds	5,800
Proceeds from sale of securities by consolidated VIE	$ 5,320

Securitizations and Variable _5

Securitizations and Variable Interest Entities - Off-balance Sheet Loans Sold or Securitized (Details) - Off-balance Sheet Loans - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Outstanding principal balance	$ 303.1	$ 433.5
Off-balance sheet loans, principal amount outstanding, 31 days or more past due	$ 10.6	$ 14.8

Securitizations and Variable _6

Securitizations and Variable Interest Entities - Narrative (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Variable Interest Entity [Line Items]
Loans held for investment at fair value	$ 5,143,081	$ 4,705,302
Investment Fund
Variable Interest Entity [Line Items]
Loans held for investment at fair value	$ 356,600	$ 457,800

Fair Value of Assets and Liab_3

Fair Value of Assets and Liabilities - Fair Value Hierarchy for Assets and Liabilities Measured at Fair Value (Detail) - USD ($) $ in Thousands		Mar. 31, 2023	Dec. 31, 2022
Assets
Loans held for sale at fair value		$ 44,647	$ 110,400
Loans held for investment at fair value	[1]	748,618	925,938
Retail and certificate loans held for investment at fair value	[1]	38,855	55,425
Securities available for sale:
Securities available for sale at fair value		380,028	345,702
Servicing assets		89,241	84,308
Other assets		3,885	5,099
Total assets		1,305,274	1,526,872
Liabilities
Borrowings		5,978	8,085
Retail notes, certificates and secured borrowings		38,855	55,425
Other liabilities		6,120	8,583
Total liabilities		50,953	72,093
U.S. agency residential mortgage-backed securities
Securities available for sale:
Securities available for sale at fair value		222,344	214,427
U.S. agency securities
Securities available for sale:
Securities available for sale at fair value		80,209	74,394
Commercial mortgage-backed securities
Securities available for sale:
Securities available for sale at fair value		36,891	22,518
Other asset-backed securities
Securities available for sale:
Securities available for sale at fair value		24,940	14,203
Asset-backed securities related to Structured Program transactions
Securities available for sale:
Securities available for sale at fair value		13,093	17,717
Municipal securities
Securities available for sale:
Securities available for sale at fair value		2,551	2,443
Level 1 Inputs
Assets
Loans held for sale at fair value		0	0
Loans held for investment at fair value		0	0
Retail and certificate loans held for investment at fair value		0	0
Securities available for sale:
Securities available for sale at fair value		0	0
Servicing assets		0	0
Other assets		0	0
Total assets		0	0
Liabilities
Borrowings		0	0
Retail notes, certificates and secured borrowings		0	0
Other liabilities		0	0
Total liabilities		0	0
Level 1 Inputs | U.S. agency residential mortgage-backed securities
Securities available for sale:
Securities available for sale at fair value		0	0
Level 1 Inputs | U.S. agency securities
Securities available for sale:
Securities available for sale at fair value		0	0
Level 1 Inputs | Commercial mortgage-backed securities
Securities available for sale:
Securities available for sale at fair value		0	0
Level 1 Inputs | Other asset-backed securities
Securities available for sale:
Securities available for sale at fair value		0	0
Level 1 Inputs | Asset-backed securities related to Structured Program transactions
Securities available for sale:
Securities available for sale at fair value		0	0
Level 1 Inputs | Municipal securities
Securities available for sale:
Securities available for sale at fair value		0	0
Level 2 Inputs
Assets
Loans held for sale at fair value		0	0
Loans held for investment at fair value		0	0
Retail and certificate loans held for investment at fair value		0	0
Securities available for sale:
Securities available for sale at fair value		369,631	333,233
Servicing assets		0	0
Other assets		3,885	0
Total assets		373,516	333,233
Liabilities
Borrowings		0	0
Retail notes, certificates and secured borrowings		0	0
Other liabilities		3,885	0
Total liabilities		3,885	0
Level 2 Inputs | U.S. agency residential mortgage-backed securities
Securities available for sale:
Securities available for sale at fair value		222,344	214,427
Level 2 Inputs | U.S. agency securities
Securities available for sale:
Securities available for sale at fair value		80,209	74,394
Level 2 Inputs | Commercial mortgage-backed securities
Securities available for sale:
Securities available for sale at fair value		36,891	22,518
Level 2 Inputs | Other asset-backed securities
Securities available for sale:
Securities available for sale at fair value		24,940	14,203
Level 2 Inputs | Asset-backed securities related to Structured Program transactions
Securities available for sale:
Securities available for sale at fair value		2,696	5,248
Level 2 Inputs | Municipal securities
Securities available for sale:
Securities available for sale at fair value		2,551	2,443
Level 3 Inputs
Assets
Loans held for sale at fair value		44,647	110,400
Loans held for investment at fair value		748,618	925,938
Retail and certificate loans held for investment at fair value		38,855	55,425
Securities available for sale:
Securities available for sale at fair value		10,397	12,469
Servicing assets		89,241	84,308
Other assets		0	5,099
Total assets		931,758	1,193,639
Liabilities
Borrowings		5,978	8,085
Retail notes, certificates and secured borrowings		38,855	55,425
Other liabilities		2,235	8,583
Total liabilities		47,068	72,093
Level 3 Inputs | U.S. agency residential mortgage-backed securities
Securities available for sale:
Securities available for sale at fair value		0	0
Level 3 Inputs | U.S. agency securities
Securities available for sale:
Securities available for sale at fair value		0	0
Level 3 Inputs | Commercial mortgage-backed securities
Securities available for sale:
Securities available for sale at fair value		0	0
Level 3 Inputs | Other asset-backed securities
Securities available for sale:
Securities available for sale at fair value		0	0
Level 3 Inputs | Asset-backed securities related to Structured Program transactions
Securities available for sale:
Securities available for sale at fair value		10,397	12,469
Level 3 Inputs | Municipal securities
Securities available for sale:
Securities available for sale at fair value		$ 0	$ 0
[1]Includes amounts in consolidated variable interest entities (VIEs). See “ Notes to Condensed Consolidated Financial Statements – Note 6. Securitizations and Variable Interest Entities .”

Fair Value of Assets and Liab_4

Fair Value of Assets and Liabilities - Fair Value Reconciliation (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Loans Held For Sale
Loans
Beginning	$ 110,400	$ 142,370
Originations and purchases	1,205,029	2,270,925
Sales	(1,247,246)	(2,257,701)
Principal payments	(6,465)	(13,336)
Interest income accretion and fair value adjustments recorded in earnings	(17,071)	14,472
Ending	44,647	156,730
Loans Held for Investment
Loans
Beginning	925,938	21,240
Originations and purchases	4,037	14
Principal payments	(186,451)	(6,023)
Interest income accretion and fair value adjustments recorded in earnings	5,094	153
Ending	$ 748,618	$ 15,384

Fair Value of Assets and Liab_5

Fair Value of Assets and Liabilities - Quantitative Information about Significant Unobservable Inputs Used for Fair Value Measurements (Detail) - Level 3 Inputs	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Minimum | Servicing Assets
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Total market servicing rates (percent per annum on outstanding principal balance)	0.62%	0.62%
Maximum | Servicing Assets
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Total market servicing rates (percent per annum on outstanding principal balance)	0.62%	0.62%
Weighted- Average | Servicing Assets
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Total market servicing rates (percent per annum on outstanding principal balance)	0.62%	0.62%
Discount rates | Minimum | Loans Held for Investment
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	8.70%	8.80%
Discount rates | Minimum | Servicing Assets
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	7.50%	7.50%
Discount rates | Maximum | Loans Held for Investment
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	16.90%	17.10%
Discount rates | Maximum | Servicing Assets
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	16.40%	16.40%
Discount rates | Weighted- Average | Loans Held for Investment
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	12.70%	12.70%
Discount rates | Weighted- Average | Servicing Assets
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	10%	10.10%
Net cumulative expected loss rates | Minimum | Loans Held for Investment
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	2.10%	2.10%
Net cumulative expected loss rates | Minimum | Servicing Assets
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	2%	2.10%
Net cumulative expected loss rates | Maximum | Loans Held for Investment
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	9.90%	9.80%
Net cumulative expected loss rates | Maximum | Servicing Assets
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	37.30%	36.70%
Net cumulative expected loss rates | Weighted- Average | Loans Held for Investment
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	5.90%	5.70%
Net cumulative expected loss rates | Weighted- Average | Servicing Assets
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	16%	15.60%
Cumulative expected prepayment rates | Minimum | Loans Held for Investment
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	21.10%	26.20%
Cumulative expected prepayment rates | Minimum | Servicing Assets
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	17.80%	15.80%
Cumulative expected prepayment rates | Maximum | Loans Held for Investment
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	29.70%	35.30%
Cumulative expected prepayment rates | Maximum | Servicing Assets
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	47.50%	47.20%
Cumulative expected prepayment rates | Weighted- Average | Loans Held for Investment
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	26.20%	30.80%
Cumulative expected prepayment rates | Weighted- Average | Servicing Assets
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	32.30%	35.90%

Fair Value of Assets and Liab_6

Fair Value of Assets and Liabilities - Sensitivity Analysis of Loans Held for Investment (Details) - USD ($) $ in Thousands		3 Months Ended	12 Months Ended
		Mar. 31, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for investment at fair value	[1]	$ 748,618	$ 925,938
Loans Held for Investment | Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount rates, impact of 100 basis point increase		(5,987)	(7,471)
Discount rates, impact of 200 basis point increase		(11,885)	(14,830)
Expected credit loss rates on underlying loans, impact of 10% increase		(4,350)	(5,574)
Expected credit loss rates on underlying loans, impact of 20% increase		(8,869)	(11,307)
Expected prepayment rates, impact of 10% increase		(3,336)	(4,311)
Expected prepayment rates, impact of 20% increase		$ (6,259)	$ (7,480)
Loans Held for Investment | Fair Value, Measurements, Recurring | Measurement Input, Expected Term
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Expected weighted-average life (in years)		10 months 24 days	10 months 24 days
[1]Includes amounts in consolidated variable interest entities (VIEs). See “ Notes to Condensed Consolidated Financial Statements – Note 6. Securitizations and Variable Interest Entities .”

Fair Value of Assets and Liab_7

Fair Value of Assets and Liabilities - Additional Information about Servicing Assets and Liabilities Measured Using Different Market Servicing Rates and Different Prepayment (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Change in rate	0.10%	0.10%
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Weighted-average market servicing rate assumptions, servicing assets	0.62%	0.62%
Servicing rate increase by .1%	$ (10,401)	$ (10,505)
Servicing rate decrease by .1%	$ 10,401	$ 10,505

Fair Value of Assets and Liab_8

Fair Value of Assets and Liabilities - Fair Value of Servicing Assets to Adverse Changes in Key Assumptions (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Servicing assets	$ 89,241	$ 84,308
Level 3 Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Servicing assets	89,241	84,308
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Servicing assets	89,241	84,308	$ 72,112	$ 67,726
Fair Value, Measurements, Recurring | Level 3 Inputs | Servicing Assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Servicing assets	89,241	84,308
Discount rates, impact of 100 basis point increase	(768)	(726)
Discount rates, impact of 200 basis point increase	(1,536)	(1,451)
Expected credit loss on rates on underlying loans, 10% adverse change	(1,175)	(1,037)
Expected credit loss on rates on underlying loans, 20% adverse change	(2,351)	(2,074)
Expected prepayment rates, 10% adverse change	(1,772)	(1,994)
Expected prepayment rates, 20% adverse change	$ (3,544)	$ (3,989)

Fair Value of Assets and Liab_9

Fair Value of Assets and Liabilities - Additional Information about Servicing Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Servicing Assets, Changes in fair value due to:
Fair value at beginning of period	$ 84,308
Fair value at end of period	89,241
Fair Value, Measurements, Recurring
Servicing Assets, Changes in fair value due to:
Fair value at beginning of period	84,308	$ 67,726
Issuances	14,125	22,365
Change in fair value, included in Marketplace revenue	(12,576)	(16,979)
Other net changes	3,384	(1,000)
Fair value at end of period	$ 89,241	$ 72,112

Fair Value of Assets and Lia_10

Fair Value of Assets and Liabilities - Not Measured at Fair Value (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Assets
Other assets	$ 3,885	$ 5,099
Total assets	1,305,274	1,526,872
Liabilities
Borrowings	5,978	8,085
Other liabilities	6,120	8,583
Total liabilities	50,953	72,093
Level 1 Inputs
Assets
Other assets	0	0
Total assets	0	0
Liabilities
Borrowings	0	0
Other liabilities	0	0
Total liabilities	0	0
Level 2 Inputs
Assets
Other assets	3,885	0
Total assets	373,516	333,233
Liabilities
Borrowings	0	0
Other liabilities	3,885	0
Total liabilities	3,885	0
Level 3 Inputs
Assets
Other assets	0	5,099
Total assets	931,758	1,193,639
Liabilities
Borrowings	5,978	8,085
Other liabilities	2,235	8,583
Total liabilities	47,068	72,093
Carrying Amount
Assets
Loans and leases held for investment, net	5,143,081	4,705,302
Other assets	38,595	36,646
Total assets	5,181,676	4,741,948
Liabilities
Deposits	1,110,114	860,808
Borrowings	47,002	66,773
Other liabilities	69,808	62,247
Total liabilities	1,226,924	989,828
Balance at Fair Value
Assets
Loans and leases held for investment, net	5,374,911	4,941,825
Other assets	38,937	36,697
Total assets	5,413,848	4,978,522
Liabilities
Deposits	1,110,114	860,808
Borrowings	47,002	66,773
Other liabilities	69,808	62,247
Total liabilities	1,226,924	989,828
Balance at Fair Value | Level 1 Inputs
Assets
Loans and leases held for investment, net	0	0
Other assets	0	0
Total assets	0	0
Liabilities
Deposits	0	0
Borrowings	0	0
Other liabilities	0	0
Total liabilities	0	0
Balance at Fair Value | Level 2 Inputs
Assets
Loans and leases held for investment, net	0	0
Other assets	37,407	35,300
Total assets	37,407	35,300
Liabilities
Deposits	0	0
Borrowings	1,392	2,619
Other liabilities	37,753	30,311
Total liabilities	39,145	32,930
Balance at Fair Value | Level 3 Inputs
Assets
Loans and leases held for investment, net	5,374,911	4,941,825
Other assets	1,530	1,397
Total assets	5,376,441	4,943,222
Liabilities
Deposits	1,110,114	860,808
Borrowings	45,610	64,154
Other liabilities	32,055	31,936
Total liabilities	$ 1,187,779	$ 956,898

Property, Equipment and Softw_3

Property, Equipment and Software, Net - Summary of Property, Equipment and Software (Detail) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Software	$ 193,061	$ 174,360
Leasehold improvements	31,214	31,214
Computer equipment	24,256	27,410
Furniture and fixtures	6,088	6,088
Total property, equipment and software	254,619	239,072
Accumulated depreciation and amortization	(110,578)	(102,599)
Total property, equipment and software, net	144,041	136,473
Internal-use software
Property, Plant and Equipment [Line Items]
Software	59,900	43,700
Purchased software
Property, Plant and Equipment [Line Items]
Software	$ 3,600	$ 3,000

Property, Equipment and Softw_4

Property, Equipment and Software, Net - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Property, Plant and Equipment [Line Items]
Depreciation and amortization expense	$ 12,354	$ 11,039
Property, Equipment and Software
Property, Plant and Equipment [Line Items]
Depreciation and amortization expense	$ 11,200	$ 9,500

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Additional Information (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Goodwill	$ 75,717,000		$ 75,717,000
Goodwill impairment	0	$ 0
Amortization expense	1,100,000	1,300,000
Impairment of intangible assets	$ 0	$ 0
Customer Relationships | Minimum
Finite-Lived Intangible Assets [Line Items]
Intangible assets, amortized period	10 years
Customer Relationships | Maximum
Finite-Lived Intangible Assets [Line Items]
Intangible assets, amortized period	14 years

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Net carrying value	$ 15,201
Customer Relationships
Finite-Lived Intangible Assets [Line Items]
Gross carrying value	54,500	$ 54,500
Accumulated amortization	(39,299)	(38,166)
Net carrying value	$ 15,201	$ 16,334

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Schedule of Expected Future Amortization Expense for Intangible Assets (Details) $ in Thousands	Mar. 31, 2023 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2023	$ 3,065
2024	3,549
2025	2,901
2026	2,252
2027	1,603
Thereafter	1,831
Net carrying value	$ 15,201

Other Assets (Detail)

Other Assets (Detail) - USD ($) $ in Thousands		Mar. 31, 2023	Dec. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Deferred tax assets, net		$ 170,976	$ 173,687
Servicing assets		90,429	85,654
Operating lease assets		57,335	63,872
Nonmarketable equity investments		44,991	38,320
Intangible assets, net		15,201	16,334
Other		115,760	122,439
Total other assets	[1]	494,692	500,306
Principal balance of underlying loan servicing rights		$ 10,700,000	$ 11,000,000
[1]Includes amounts in consolidated variable interest entities (VIEs). See “ Notes to Condensed Consolidated Financial Statements – Note 6. Securitizations and Variable Interest Entities .”

Deposits - Summary of Deposits

Deposits - Summary of Deposits (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Interest-bearing deposits:
Savings and money market accounts	$ 4,550,577	$ 3,616,657
Checking accounts	1,357,323	1,681,095
Certificates of deposit	1,110,114	860,808
Total	7,018,014	6,158,560
Noninterest-bearing	200,840	233,993
Total deposits	$ 7,218,854	$ 6,392,553

Deposits - Maturity Schedule (D

Deposits - Maturity Schedule (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Other Liabilities Disclosure [Abstract]
2023	$ 749,302
2024	339,416
2025	10,598
2026	1,107
2027	9,213
Thereafter	478
Total certificates of deposit	$ 1,110,114	$ 860,808

Deposits - Certificates of Depo

Deposits - Certificates of Deposit exceeding FDIC limit (Details) $ in Thousands	Mar. 31, 2023 USD ($)
Other Liabilities Disclosure [Abstract]
Three months or less	$ 303
Over 3 months through 6 months	2,336
Over 6 months through 12 months	7,573
Over 12 months	3,632
Total	$ 13,844

Borrowings - Short-term Borrowi

Borrowings - Short-term Borrowings (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Federal Reserve Bank Borrowings
Short-Term Debt [Line Items]
Pledged collateral	$ 786.9
Federal Home Loan Bank Advances
Short-Term Debt [Line Items]
Pledged collateral	754
Repurchase Agreements
Short-Term Debt [Line Items]
Short-term debt	1.4	$ 2.6
Federal Reserve Bank Borrowings
Short-Term Debt [Line Items]
Available borrowing capacity	631.1
Federal Home Loan Bank Advances
Short-Term Debt [Line Items]
Available borrowing capacity	$ 605.5

Borrowings - Long-Term Debt (De

Borrowings - Long-Term Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Consolidated VIEs | Payables to Securitization Holders
Debt Instrument [Line Items]
Restricted cash	$ 4,900	$ 5,700
PPPLF
Debt Instrument [Line Items]
Interest rate	0.35%
Outstanding borrowings	$ 45,610	64,154
Retail notes, certificates and secured borrowings
Debt Instrument [Line Items]
Outstanding borrowings	38,855	55,425
Payable on Structured Program borrowings
Debt Instrument [Line Items]
Outstanding borrowings	5,978	8,085
PPPLF
Debt Instrument [Line Items]
Pledged collateral	51,112	66,971
Payable on Structured Program borrowings
Debt Instrument [Line Items]
Pledged collateral	7,568	9,708
Other long-term debt | Consolidated VIEs | Loans Held for Investment and Loans Held for Sale | Payables to Securitization Holders | Loans Related to Consolidation of Securitization Trust
Debt Instrument [Line Items]
Pledged collateral	$ 2,700	$ 4,000

Other Liabilities (Detail)

Other Liabilities (Detail) - USD ($) $ in Thousands		Mar. 31, 2023	Dec. 31, 2022
Payables and Accruals [Abstract]
Operating lease liabilities		$ 70,406	$ 77,291
Accounts payable and accrued expenses		51,128	98,173
Payable to investors		37,753	30,311
Other		93,300	86,842
Other liabilities	[1]	$ 252,587	$ 292,617
[1]Includes amounts in consolidated variable interest entities (VIEs). See “ Notes to Condensed Consolidated Financial Statements – Note 6. Securitizations and Variable Interest Entities .”

Employee Incentive Plans - Sche

Employee Incentive Plans - Schedule of Stock-Based Compensation Expense (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Stock options
Stock-based compensation expense, gross	$ 14,292	$ 17,383
Less: Capitalized stock-based compensation expense	2,404	1,689
Stock-based compensation expense	11,888	15,694
RSUs and PBRSUs
Stock options
Stock-based compensation expense, gross	14,292	17,363
Stock options
Stock options
Stock-based compensation expense, gross	$ 0	$ 20

Employee Incentive Plans - Addi

Employee Incentive Plans - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Stock options
Stock-based compensation expense, capitalized amount	$ 2,404	$ 1,689
RSUs
Stock options
Granted (shares)	5,794,645
Equity instruments other than options, aggregate fair value	$ 44,200
Unrecognized compensation cost related to unvested awards	$ 113,600
Unrecognized compensation cost, period for recognition	2 years 2 months 12 days
PBRSUs
Stock options
Granted (shares)	687,992
Equity instruments other than options, aggregate fair value	$ 5,200
Unrecognized compensation cost related to unvested awards	$ 11,200
Unrecognized compensation cost, period for recognition	1 year 9 months 18 days
Performance period	3 years

Employee Incentive Plans - RSU

Employee Incentive Plans - RSU and PBRSU Activity and Weighted Average Grant Date Fair Value table (Details)	3 Months Ended
	Mar. 31, 2023 $ / shares shares
RSUs
Number of Units
Unvested, beginning (shares) | shares	8,672,626
Granted (shares) | shares	5,794,645
Vested (shares) | shares	(1,234,655)
Forfeited/expired (shares) | shares	(1,211,117)
Unvested, ending (shares) | shares	12,021,499
Weighted- Average Grant Date Fair Value
Unvested, beginning ($ per share) | $ / shares	$ 12.94
Granted ($ per share) | $ / shares	7.63
Vested ($ per share) | $ / shares	12.78
Forfeited/expired ($ per share) | $ / shares	13.30
Unvested, ending ($ per share) | $ / shares	$ 10.36
PBRSUs
Number of Units
Unvested, beginning (shares) | shares	1,754,898
Granted (shares) | shares	687,992
Vested (shares) | shares	(253,351)
Forfeited/expired (shares) | shares	(104,084)
Unvested, ending (shares) | shares	2,085,455
Weighted- Average Grant Date Fair Value
Unvested, beginning ($ per share) | $ / shares	$ 11.19
Granted ($ per share) | $ / shares	7.62
Vested ($ per share) | $ / shares	5.48
Forfeited/expired ($ per share) | $ / shares	11.77
Unvested, ending ($ per share) | $ / shares	$ 10.67

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Income Tax Disclosure [Abstract]
Income tax expense	$ 4,136	$ 4,988
Effective tax rate	23.20%	10.90%

Income Taxes - Deferred Tax Ass

Income Taxes - Deferred Tax Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Deferred tax assets, net of liabilities	$ 218,636	$ 221,408
Valuation allowance	(47,660)	(47,721)
Deferred tax assets, net of valuation allowance	$ 170,976	$ 173,687

Leases - Narrative (Details)

Leases - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Lessee, Lease, Description [Line Items]
Sales-type lease, interest income	$ 2.9	$ 2.6
Lease renewal term	15 years
Security deposit	$ 0.4
Letters of credit outstanding, amount	$ 3.9
Minimum
Lessee, Lease, Description [Line Items]
Lease term	1 year
Maximum
Lessee, Lease, Description [Line Items]
Lease term	8 years

Leases - Components of Equipmen

Leases - Components of Equipment Finance Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Leases [Abstract]
Lease receivables	$ 131,840	$ 137,969
Unguaranteed residual asset values	36,584	39,262
Unearned income	(15,329)	(17,786)
Deferred fees	810	874
Total	$ 153,905	$ 160,319

Leases - Future Minimum Lease P

Leases - Future Minimum Lease Payments Receivable (Details) $ in Thousands	Mar. 31, 2023 USD ($)
Leases [Abstract]
2023	$ 37,428
2024	40,395
2025	29,311
2026	17,135
2027	8,087
Thereafter	5,620
Total lease payments	137,976
Discount effect	(6,136)
Present value of future minimum lease payments	$ 131,840

Leases - Supplemental Balance S

Leases - Supplemental Balance Sheet Information (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Leases [Abstract]
Operating lease assets, balance sheet classification	Other assets	Other assets
Operating lease assets	$ 57,335	$ 63,872
Operating lease liabilities, balance sheet classification	Other liabilities	Other liabilities
Operating lease liabilities	$ 70,406	$ 77,291

Leases - Net Lease Costs (Detai

Leases - Net Lease Costs (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Lessee, Lease, Description [Line Items]
Net lease costs	$ (2,928)	$ (2,943)
Occupancy
Lessee, Lease, Description [Line Items]
Operating lease costs	(2,928)	(4,480)
Other non-interest income
Lessee, Lease, Description [Line Items]
Sublease revenue	$ 0	$ 1,537

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Leases [Abstract]
Leased assets obtained or adjusted in exchange for new, amended, and modified operating lease liabilities	$ (4,664)	$ 0

Leases - Future Operating Lease

Leases - Future Operating Lease Payments and Sublease Revenue (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Operating Lease Payments
2023	$ 9,629
2024	12,798
2025	13,129
2026	11,710
2027	10,987
Thereafter	27,238
Total lease payments	85,491
Discount effect	(15,085)
Present value of future minimum lease payments	$ 70,406	$ 77,291

Leases - Weighted-average Lease

Leases - Weighted-average Lease Term and Discount Rate (Details)	Mar. 31, 2023
Leases [Abstract]
Weighted-average remaining lease term (in years)	6 years 11 months 1 day
Weighted-average discount rate	5.38%

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022
Unfunded Loan Commitment, Commitments To Extend Credit
Loss Contingencies [Line Items]
Unfunded loan commitments	$ 117.2	$ 138	$ 109.5

Regulatory Requirements - Narra

Regulatory Requirements - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2021
Regulated Operations [Abstract]
Common equity tier one risk-based capital ratio, internal minimum	11%
Tier one risk-based capital ratio, internal minimum	11%
Total risk-based capital ratio, internal minimum	13%
Tier one leverage ratio, internal minimum	11%
Capital benefit used in the computation of common equity tier one capital		$ 35

Regulatory Requirements - Summa

Regulatory Requirements - Summary of Regulatory Capital and Ratios (Details) $ in Millions	Mar. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
LendingClub
Amount
CET1 capital	$ 1,023.7	$ 1,005.8
Tier 1 capital	1,023.7	1,005.8
Total capital	1,108.5	1,088.1
Tier 1 leverage	1,023.7	1,005.8
Risk-weighted assets	6,541.2	6,360.7
Quarterly adjusted average assets	$ 8,016.1	$ 7,119
Ratio
CET1 capital	0.156	0.158
Tier 1 capital	0.156	0.158
Total capital	0.169	0.171
Tier 1 leverage	0.128	0.141
Minimum to be Well Capitalized, Ratio [Abstract]
CET1 capital	0.070
Tier 1 capital	0.085
Total capital	0.105
Tier 1 leverage	0.040
LendingClub Bank
Amount
CET1 capital	$ 914.6	$ 852.2
Tier 1 capital	914.6	852.2
Total capital	997.7	932.4
Tier 1 leverage	914.6	852.2
Risk-weighted assets	6,399.2	6,194
Quarterly adjusted average assets	$ 7,787.5	$ 6,795.2
Ratio
CET1 capital	0.143	0.138
Tier 1 capital	0.143	0.138
Total capital	0.156	0.151
Tier 1 leverage	0.117	0.125
Minimum to be Well Capitalized, Ratio [Abstract]
CET1 capital	0.070
Tier 1 capital	0.085
Total capital	0.105
Tier 1 leverage	0.040

Other Non-interest Income and_3

Other Non-interest Income and Non-interest Expense - Summary of Other Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Other Income and Expenses [Abstract]
Referral revenue	$ 1,448	$ 3,691
Realized gains on sales of securities available for sale	0	36
Other	1,908	6,164
Other non-interest income	$ 3,356	$ 9,891

Other Non-interest Income and_4

Other Non-interest Income and Non-interest Expense - Summary of Other Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Other Income and Expenses [Abstract]
Consumer credit services	$ 4,967	$ 5,524
Other	12,736	8,480
Other non-interest expense	$ 17,703	$ 14,004

Segment Reporting - Narrative (

Segment Reporting - Narrative (Details)	3 Months Ended
	Mar. 31, 2023
Total net revenue | Customer concentration risk | One marketplace bank investor
Segment Reporting Information [Line Items]
Concentration risk, percentage	15%

Segment Reporting - Statements

Segment Reporting - Statements of Operations (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Segment Reporting Information [Line Items]
Marketplace revenue	$ 95,634	$ 179,966
Other non-interest income	3,356	9,891
Total non-interest income	98,990	189,857
Interest income	202,413	111,653
Interest expense	(55,709)	(11,973)
Net interest income	146,704	99,680
Total net revenue	245,694	289,537
Provision for credit losses	(70,584)	(52,509)
Non-interest expense	(157,308)	(191,204)
Income before income tax expense	17,802	45,824
Income tax benefit (expense)	(4,136)	(4,988)
Net income	13,666	40,836
Capital expenditures	16,398	21,575
Depreciation and amortization	12,354	11,039
Operating Segments | LendingClub Bank
Segment Reporting Information [Line Items]
Marketplace revenue	72,688	164,835
Other non-interest income	19,161	19,498
Total non-interest income	91,849	184,333
Interest income	198,330	99,823
Interest expense	(53,896)	(3,644)
Net interest income	144,434	96,179
Total net revenue	236,283	280,512
Provision for credit losses	(70,584)	(52,509)
Non-interest expense	(148,383)	(178,459)
Income before income tax expense	17,316	49,544
Income tax benefit (expense)	(4,256)	(12,355)
Net income	13,060	37,189
Capital expenditures	16,398	21,575
Depreciation and amortization	6,894	3,500
Operating Segments | LendingClub Corporation
Segment Reporting Information [Line Items]
Marketplace revenue	13,108	15,131
Other non-interest income	2,553	4,223
Total non-interest income	15,661	19,354
Interest income	4,083	11,830
Interest expense	(1,813)	(8,329)
Net interest income	2,270	3,501
Total net revenue	17,931	22,855
Provision for credit losses	0	0
Non-interest expense	(17,445)	(26,575)
Income before income tax expense	486	(3,720)
Income tax benefit (expense)	120	17,727
Net income	606	14,007
Capital expenditures	0	0
Depreciation and amortization	5,460	7,539
Intercompany Eliminations
Segment Reporting Information [Line Items]
Marketplace revenue	9,838	0
Other non-interest income	(18,358)	(13,830)
Total non-interest income	(8,520)	(13,830)
Interest income	0	0
Interest expense	0	0
Net interest income	0	0
Total net revenue	(8,520)	(13,830)
Provision for credit losses	0	0
Non-interest expense	8,520	13,830
Income before income tax expense	0	0
Income tax benefit (expense)	0	(10,360)
Net income	0	(10,360)
Capital expenditures	0	0
Depreciation and amortization	$ 0	$ 0

Segment Reporting - Balance She

Segment Reporting - Balance Sheets (Details) - USD ($) $ in Thousands		Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
Assets
Total cash and cash equivalents		$ 1,636,997	$ 1,057,030
Restricted cash	[1]	47,342	67,454
Securities available for sale at fair value		380,028	345,702
Loans held for sale at fair value		44,647	110,400
Loans and leases held for investment, net		5,143,081	4,705,302
Retail and certificate loans held for investment at fair value	[1]	38,855	55,425
Loans held for investment at fair value	[1]	748,618	925,938
Property, equipment and software, net		144,041	136,473
Investment in subsidiary		0	0
Goodwill		75,717	75,717
Other assets	[1]	494,692	500,306
Total assets		8,754,018	7,979,747
Liabilities and Equity
Total deposits		7,218,854	6,392,553
Borrowings	[1]	52,980	74,858
Retail notes, certificates and secured borrowings at fair value		38,855	55,425
Other liabilities	[1]	252,587	292,617
Liabilities		7,563,276	6,815,453
Total equity		1,190,742	1,164,294	$ 887,434	$ 850,242
Total liabilities and equity		8,754,018	7,979,747
Operating Segments | LendingClub Bank
Assets
Total cash and cash equivalents		1,609,360	1,020,874
Restricted cash		0	0
Securities available for sale at fair value		368,365	329,287
Loans held for sale at fair value		44,647	110,400
Loans and leases held for investment, net		5,143,081	4,705,302
Retail and certificate loans held for investment at fair value		0	0
Loans held for investment at fair value		729,954	906,711
Property, equipment and software, net		115,306	102,274
Investment in subsidiary		0	0
Goodwill		75,717	75,717
Other assets		308,476	339,341
Total assets		8,394,906	7,589,906
Liabilities and Equity
Total deposits		7,241,463	6,420,827
Borrowings		45,610	64,154
Retail notes, certificates and secured borrowings at fair value		0	0
Other liabilities		153,450	189,185
Liabilities		7,440,523	6,674,166
Total equity		954,383	915,740
Total liabilities and equity		8,394,906	7,589,906
Operating Segments | LendingClub Corporation
Assets
Total cash and cash equivalents		42,769	56,475
Restricted cash		54,819	75,409
Securities available for sale at fair value		11,663	16,415
Loans held for sale at fair value		0	0
Loans and leases held for investment, net		0	0
Retail and certificate loans held for investment at fair value		38,855	55,425
Loans held for investment at fair value		18,664	19,227
Property, equipment and software, net		28,735	34,199
Investment in subsidiary		776,034	755,319
Goodwill		0	0
Other assets		207,228	173,851
Total assets		1,178,767	1,186,320
Liabilities and Equity
Total deposits		0	0
Borrowings		7,370	10,704
Retail notes, certificates and secured borrowings at fair value		38,855	55,425
Other liabilities		120,149	116,318
Liabilities		166,374	182,447
Total equity		1,012,393	1,003,873
Total liabilities and equity		1,178,767	1,186,320
Intercompany Eliminations
Assets
Total cash and cash equivalents		(15,132)	(20,319)
Restricted cash		(7,477)	(7,955)
Securities available for sale at fair value		0	0
Loans held for sale at fair value		0	0
Loans and leases held for investment, net		0	0
Retail and certificate loans held for investment at fair value		0	0
Loans held for investment at fair value		0	0
Property, equipment and software, net		0	0
Investment in subsidiary		(776,034)	(755,319)
Goodwill		0	0
Other assets		(21,012)	(12,886)
Total assets		(819,655)	(796,479)
Liabilities and Equity
Total deposits		(22,609)	(28,274)
Borrowings		0	0
Retail notes, certificates and secured borrowings at fair value		0	0
Other liabilities		(21,012)	(12,886)
Liabilities		(43,621)	(41,160)
Total equity		(776,034)	(755,319)
Total liabilities and equity		$ (819,655)	$ (796,479)
[1]Includes amounts in consolidated variable interest entities (VIEs). See “ Notes to Condensed Consolidated Financial Statements – Note 6. Securitizations and Variable Interest Entities .”