LendingClub (LC) 10-Q 1 May 24 2024 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Mar. 31, 2024	Apr. 19, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2024
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	930-7440
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		111,120,415
Entity Central Index Key	0001409970
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Amendment Flag	false
Transition Report	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands		Mar. 31, 2024	Dec. 31, 2023
Assets
Cash and due from banks		$ 15,930	$ 14,993
Interest-bearing deposits in banks		1,050,349	1,237,511
Total cash and cash equivalents		1,066,279	1,252,504
Restricted cash	[1]	36,081	41,644
Securities available for sale at fair value ($2,284,550 and $1,663,990 at amortized cost, respectively)		2,228,500	1,620,262
Loans held for sale at fair value		550,415	407,773
Loans and leases held for investment		4,505,816	4,850,302
Allowance for loan and lease losses		(259,150)	(310,387)
Loans and leases held for investment, net		4,246,666	4,539,915
Loans held for investment at fair value	[1],[2]	427,396	272,678
Property, equipment and software, net		163,632	161,517
Goodwill		75,717	75,717
Other assets	[1]	450,142	455,453
Total assets		9,244,828	8,827,463
Deposits:
Interest-bearing		7,214,029	7,001,680
Noninterest-bearing		307,626	331,806
Total deposits		7,521,655	7,333,486
Borrowings	[1],[2]	262,550	19,354
Other liabilities	[1]	194,337	222,801
Total liabilities		7,978,542	7,575,641
Equity
Common stock, $0.01 par value; 180,000,000 shares authorized; 111,120,415 and 110,410,602 shares issued and outstanding, respectively		1,111	1,104
Additional paid-in capital		1,678,928	1,669,828
Accumulated deficit		(376,556)	(388,806)
Accumulated other comprehensive loss		(37,197)	(30,304)
Total equity		1,266,286	1,251,822
Total liabilities and equity		$ 9,244,828	$ 8,827,463
[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, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Securities available for sale at amortized cost	$ 2,284,550	$ 1,663,990
Common stock, par value ($ per share)	$ 0.01	$ 0.01
Common stock, authorized (in shares)	180,000,000	180,000,000
Common stock, shares issued (in shares)	111,120,415	110,410,602
Common stock, shares outstanding (in shares)	111,120,415	110,410,602

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2024	Mar. 31, 2023
Non-interest income:
Marketplace revenue		$ 55,891	$ 95,634
Other non-interest income		1,909	3,356
Total non-interest income		57,800	98,990
Interest income:
Interest on loans held for sale		14,699	5,757
Interest and fees on loans and leases held for investment		132,393	150,467
Interest on loans held for investment at fair value	[1]	8,409	28,575
Interest on securities available for sale		35,347	3,900
Other interest income		16,503	13,714
Total interest income		207,351	202,413
Interest expense:
Interest on deposits		83,963	53,273
Other interest expense	[1]	500	2,436
Total interest expense		84,463	55,709
Net interest income		122,888	146,704
Total net revenue		180,688	245,694
Provision for credit losses		31,927	70,584
Non-interest expense:
Compensation and benefits		59,554	73,307
Marketing		24,136	26,880
Equipment and software		12,684	13,696
Depreciation and amortization		12,673	12,354
Professional services		7,091	9,058
Occupancy		3,861	4,310
Other non-interest expense		12,234	17,703
Total non-interest expense		132,233	157,308
Income before income tax expense		16,528	17,802
Income tax expense		(4,278)	(4,136)
Net income		$ 12,250	$ 13,666
Earnings per share:
Basic EPS ($ per share)	[2]	$ 0.11	$ 0.13
Diluted EPS ($ per share)	[2]	$ 0.11	$ 0.13
Weighted-average common shares – Basic (in shares)	[2]	110,685,796	106,912,139
Weighted-average common shares – Diluted (in shares)	[2]	110,687,380	106,917,770
[1]Prior period amounts have been reclassified to conform to the current period presentation.[2]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 - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 12,250	$ 13,666
Other comprehensive income (loss):
Change in net unrealized gain (loss) on securities available for sale	(9,430)	5,599
Other comprehensive income (loss), before tax	(9,430)	5,599
Income tax effect	2,537	(1,520)
Other comprehensive income (loss), net of tax	(6,893)	4,079
Total comprehensive income	$ 5,357	$ 17,745

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 (in shares) at Dec. 31, 2022		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 loss on securities available for sale, net of tax	4,079			4,079
Net income	13,666				13,666
Ending balance (in shares) at Mar. 31, 2023		107,460,734
Ending balance at Mar. 31, 2023	$ 1,190,742	$ 1,075	1,637,283	(33,537)	(414,079)
Beginning balance (in shares) at Dec. 31, 2023	110,410,602	110,410,602
Beginning balance at Dec. 31, 2023	$ 1,251,822	$ 1,104	1,669,828	(30,304)	(388,806)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation	13,599		13,599
Net issuances under equity incentive plans (in shares)		709,813
Net issuances under equity incentive plans	(4,492)	$ 7	(4,499)
Net unrealized loss on securities available for sale, net of tax	(6,893)			(6,893)
Net income	$ 12,250				12,250
Ending balance (in shares) at Mar. 31, 2024	111,120,415	111,120,415
Ending balance at Mar. 31, 2024	$ 1,266,286	$ 1,111	$ 1,678,928	$ (37,197)	$ (376,556)

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2024	Mar. 31, 2023
Cash Flows from Operating Activities:
Net income		$ 12,250	$ 13,666
Adjustments to reconcile net income to net cash (used for) provided by operating activities:
Net fair value adjustments		44,689	15,414
Change in fair value of loan servicing assets		19,428	12,576
Gain on sales of loans		(10,909)	(14,125)
Provision for credit losses		31,927	70,584
Accretion of loan deferred fees and costs		(18,829)	(24,110)
Stock-based compensation, net		11,544	11,888
Depreciation and amortization		12,673	12,354
Other, net		(1,020)	(3,670)
Net change to loans held for sale		(928,163)	50,738
Net change in operating assets and liabilities:
Other assets		2,006	14,591
Other liabilities		(22,112)	(45,414)
Net cash (used for) provided by operating activities		(846,516)	114,492
Cash Flows from Investing Activities:
Net change in loans and leases	[1]	121,263	(285,100)
Purchases of securities available for sale		0	(37,245)
Proceeds from maturities and paydowns of securities available for sale		119,556	9,000
Purchases of property, equipment and software, net		(11,781)	(16,398)
Other investing activities		(12,156)	(6,671)
Net cash provided by (used for) investing activities		216,882	(336,414)
Cash Flows from Financing Activities:
Net change in deposits		199,255	826,117
Principal payments on borrowings	[1]	(6,981)	(38,973)
Proceeds from short-term borrowings		250,000	0
Other financing activities		(4,428)	(5,367)
Net cash provided by financing activities		437,846	781,777
Net (Decrease) Increase in Cash, Cash Equivalents and Restricted Cash		(191,788)	559,855
Cash, Cash Equivalents and Restricted Cash, Beginning of Period		1,294,148	1,124,484
Cash, Cash Equivalents and Restricted Cash, End of Period		1,102,360	1,684,339
Supplemental Cash Flow Information:
Cash paid for interest		90,682	51,608
Cash paid for taxes		0	4,526
Cash paid for operating leases included in the measurement of lease liabilities		3,089	3,156
Supplemental Non-cash Investing Activity:
Net securities retained from Structured Program transactions		738,976	0
Cash, Cash Equivalents, and Restricted Cash
Cash and cash equivalents		1,066,279
Restricted cash	[2]	36,081
Total cash, cash equivalents and restricted cash		$ 1,102,360	$ 1,684,339
[1]Prior period amounts have been reclassified to conform to the current period presentation.[2]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, 2024
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation LendingClub Corporation (LendingClub) was founded in 2006 and brought a traditional credit product – the installment loan – into the digital age by leveraging technology, data science, and a unique marketplace model. In February 2021, LendingClub completed the acquisition of Radius, becoming a bank holding company and forming 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. The Company made the following presentation changes in the condensed consolidated financial statements and accompanying notes during the first quarter of 2024: • Condensed Consolidated Balance Sheets (Balance Sheet) – “Retail and certificate loans held for investment at fair value” were combined within “Loans held for investment at fair value” and “Retail notes and certificates at fair value” were combined within “Borrowings”; • Condensed Consolidated Statements of Income (Income Statement) – “Interest on retail and certificate loans held for investment at fair value” was combined within “Interest on loans held for investment at fair value” and “Interest on retail notes and certificates at fair value” was combined within “Other interest expense”; and • Condensed Consolidated Statements of Cash Flows – “Net decrease in retail and certificate loans” was combined within “Net change in loans and leases” and “Principal payments on retail notes and certificates” were combined within “Principal payments on borrowings.” In all instances, the respective prior period amounts 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, 2023 (Annual Report) filed on February 16, 2024. 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 months ended March 31, 2024. Adoption of New Accounting Standards The Company did not adopt new accounting standards during the three months ended March 31, 2024. New Accounting Standards Not Yet Adopted In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280) – Improvements to Reportable Segment Disclosures , which improves reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. The new standard is effective for annual periods beginning after December 15, 2023 and interim periods beginning after December 15, 2024. The amendments of this standard should be applied retrospectively, with early adoption permitted. The Company is evaluating the impact of this ASU but does not expect it to be material. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740) - Improvements to Income Tax Disclosures , which improves income tax disclosure requirements, primarily through enhanced disclosures surrounding rate reconciliation and income taxes paid. The new standard is effective for annual periods beginning after December 15, 2024. The amendments of this standard should be applied prospectively, with retrospective application permitted. Early adoption is also permitted. The Company is evaluating the impact of this ASU but does not expect it to be material.

Marketplace Revenue

Marketplace Revenue	3 Months Ended
	Mar. 31, 2024
Revenue from Contract with Customer [Abstract]
Marketplace Revenue	Marketplace Revenue Marketplace revenue consists of (i) origination fees, (ii) servicing fees, (iii) gain 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 (HFS). 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 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 2024 2023 Origination fees $ 70,079 $ 70,543 Servicing fees 19,592 26,380 Gain on sales of loans 10,909 14,125 Net fair value adjustments (44,689) (15,414) Total marketplace revenue $ 55,891 $ 95,634

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2024
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 2024 2023 Basic EPS: Net income attributable to stockholders $ 12,250 $ 13,666 Weighted-average common shares – Basic 110,685,796 106,912,139 Basic EPS $ 0.11 $ 0.13 Diluted EPS: Net income attributable to stockholders $ 12,250 $ 13,666 Weighted-average common shares – Diluted 110,687,380 106,917,770 Diluted EPS $ 0.11 $ 0.13

Securities Available for Sale

Securities Available for Sale	3 Months Ended
	Mar. 31, 2024
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, 2024 Amortized Gross Gross Allowance for Credit Losses Fair Senior asset-backed securities related to Structured Program transactions $ 1,756,385 $ 9,258 $ (384) $ — $ 1,765,259 U.S. agency residential mortgage-backed securities 258,373 90 (42,036) — 216,427 Other asset-backed securities related to Structured Program transactions (1) 105,658 1,100 — (2,892) 103,866 U.S. agency securities 93,454 — (14,202) — 79,252 Mortgage-backed securities 42,010 13 (5,641) — 36,382 Other asset-backed securities 25,418 17 (635) — 24,800 Municipal securities 3,252 — (738) — 2,514 Total securities available for sale (2) $ 2,284,550 $ 10,478 $ (63,636) $ (2,892) $ 2,228,500 December 31, 2023 Amortized Gross Gross Fair Senior asset-backed securities related to Structured Program transactions $ 1,165,513 $ 10,932 $ (42) $ 1,176,403 U.S. agency residential mortgage-backed securities 261,885 208 (37,497) 224,596 U.S. agency securities 93,452 — (13,348) 80,104 Other asset-backed securities related to Structured Program transactions (1) 70,662 2,731 — 73,393 Mortgage-backed securities 42,511 — (5,435) 37,076 Other asset-backed securities 26,710 25 (634) 26,101 Municipal securities 3,257 — (668) 2,589 Total securities available for sale (2) $ 1,663,990 $ 13,896 $ (57,624) $ 1,620,262 (1) As of March 31, 2024 and December 31, 2023, $102.6 million and $70.1 million, respectively, of the other asset-backed securities related to Structured Program transactions at fair value are subject to restrictions on transfer pursuant to the Company’s obligations as a “sponsor” under the U.S. Risk Retention Rules. (2) As of March 31, 2024 and December 31, 2023, includes $348.8 million and $359.5 million, respectively, of securities pledged as collateral at fair value. A summary of AFS securities with unrealized losses for which an allowance for credit losses has not been recorded, aggregated by period of continuous unrealized loss, is as follows: Less than 12 months Total March 31, 2024 Fair Unrealized Fair Unrealized Fair Unrealized Senior asset-backed securities related to Structured Program transactions $ 363,733 $ (384) $ — $ — $ 363,733 $ (384) U.S. agency residential mortgage-backed securities 3,977 (20) 199,962 (42,016) 203,939 (42,036) U.S. agency securities 2,994 (6) 76,258 (14,196) 79,252 (14,202) Mortgage-backed securities — — 33,781 (5,641) 33,781 (5,641) Other asset-backed securities 5,085 (25) 15,427 (610) 20,512 (635) Municipal securities — — 2,514 (738) 2,514 (738) Total securities with unrealized losses $ 375,789 $ (435) $ 327,942 $ (63,201) $ 703,731 $ (63,636) Less than 12 months Total December 31, 2023 Fair Unrealized Fair Unrealized Fair Unrealized Senior asset-backed securities related to Structured Program transactions $ 38,359 $ (42) $ — $ — $ 38,359 $ (42) U.S. agency residential mortgage-backed securities 6,497 (149) 201,426 (37,348) 207,923 (37,497) U.S. agency securities — — 80,104 (13,348) 80,104 (13,348) Mortgage-backed securities 13,973 (740) 23,103 (4,695) 37,076 (5,435) Other asset-backed securities 12,911 (50) 8,538 (584) 21,449 (634) Municipal securities — — 2,589 (668) 2,589 (668) Total securities with unrealized losses $ 71,740 $ (981) $ 315,760 $ (56,643) $ 387,500 $ (57,624) At March 31, 2024, the majority of the Company’s AFS investment portfolio was comprised of senior asset-backed securities related to Structured Program transactions and U.S. agency-backed securities. Management considers U.S. agency-backed securities to be of the highest credit quality and rating given the guarantee of principal and interest by certain U.S. government agencies. Most of the remaining securities in an unrealized loss position in the Company’s AFS investment portfolio at March 31, 2024, 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 following table presents the activity in the allowance for credit losses for AFS securities, by security type: Allowance for Credit Losses Other asset-backed securities related to Structured Program transactions Beginning balance as of December 31, 2023 $ — Credit loss expense for securities available for sale 2,892 Ending balance as of March 31, 2024 $ 2,892 There was no activity in the allowance for credit losses for AFS securities during the first quarter of 2023. The contractual maturities of AFS securities were as follows: March 31, 2024 Amortized Cost Fair Value Weighted- average Yield (1) Due after 1 year through 5 years: Senior asset-backed securities related to Structured Program transactions $ 1,756,385 $ 1,765,259 Other asset-backed securities related to Structured Program transactions 105,658 103,866 U.S. agency securities 10,850 10,447 Mortgage-backed securities 1,694 1,534 Other asset-backed securities 400 402 Municipal securities 154 138 U.S. agency residential mortgage-backed securities 3 3 Total due after 1 year through 5 years 1,875,144 1,881,649 8.07 % Due after 5 years through 10 years: U.S. agency securities 19,998 18,134 Other asset-backed securities 14,143 14,102 U.S. agency residential mortgage-backed securities 4,584 4,308 Mortgage-backed securities 2,012 1,690 Municipal securities 465 402 Total due after 5 years through 10 years 41,202 38,636 4.23 % Due after 10 years: U.S. agency residential mortgage-backed securities 253,786 212,116 U.S. agency securities 62,606 50,671 Mortgage-backed securities 38,304 33,158 Other asset-backed securities 10,875 10,296 Municipal securities 2,633 1,974 Total due after 10 years 368,204 308,215 2.83 % Total securities available for sale $ 2,284,550 $ 2,228,500 7.02 % (1) The weighted-average yield is computed using the average month-end amortized cost during the quarter ended March 31, 2024. There were no sales of AFS securities during the first quarters of 2024 and 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, 2024
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. Other HFI and all HFS loans are recorded at fair value with the Company’s election of the fair value option. A ccrued interest receivable is excluded from the amortized cost basis of loans and leases HFI and is reported within “ Other assets Balance Sheet . Net accrued interest receivable related to loans and leases HFI at amortized cost was $30.7 million and $32.2 million as of March 31, 2024 and December 31, 2023, 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, 2024 December 31, 2023 Unsecured personal $ 3,397,853 $ 3,726,830 Residential mortgages 180,697 183,050 Secured consumer 253,241 250,039 Total consumer loans held for investment 3,831,791 4,159,919 Equipment finance (1) 101,902 110,992 Commercial real estate 376,022 380,322 Commercial and industrial 196,101 199,069 Total commercial loans and leases held for investment 674,025 690,383 Total loans and leases held for investment 4,505,816 4,850,302 Allowance for loan and lease losses (259,150) (310,387) Loans and leases held for investment, net (2) $ 4,246,666 $ 4,539,915 (1) Comprised of sales-type leases for equipment. See “ Note 17. Leases ” for additional information. (2) As of March 31, 2024 and December 31, 2023, the Company had $3.0 billion and $3.5 billion in loans pledged as collateral under the Federal Reserve Bank (FRB) Discount Window, respectively. In addition, as of March 31, 2024 and December 31, 2023 , the Company had $479.6 million and $479.0 million in loans pledged to the Federal Home Loan Bank ( FHLB) of Des Moines, respectively. The following table presents the components of the allowance for loan and lease losses: March 31, 2024 December 31, 2023 Gross allowance for loan and lease losses (1) $ 311,794 $ 355,773 Recovery asset value (2) (52,644) (45,386) Allowance for loan and lease losses $ 259,150 $ 310,387 (1) Represents the allowance for future estimated net charge-offs on existing portfolio balances. (2) Represents the negative allowance for expected recoveries of amounts previously charged-off. March 31, 2024 Consumer Commercial Total Loans and leases held for investment $ 3,831,791 674,025 $ 4,505,816 Allowance for loan and lease losses $ 246,280 12,870 $ 259,150 Allowance ratio (1) 6.4 % 1.9 % 5.8 % Gross allowance for loan and lease losses $ 298,924 12,870 $ 311,794 Gross allowance ratio (1) 7.8 % 1.9 % 6.9 % December 31, 2023 Consumer Commercial Total Loans and leases held for investment $ 4,159,919 690,383 $ 4,850,302 Allowance for loan and lease losses $ 298,061 12,326 310,387 Allowance ratio (1) 7.2 % 1.8 % 6.4 % Gross allowance for loan and lease losses $ 343,447 12,326 $ 355,773 Gross allowance ratio (1) 8.3 % 1.8 % 7.3 % (1) Calculated as ALLL or gross ALLL, where applicable, to the corresponding portfolio segment balance of loans and leases held for investment at amortized cost. The activity in the allowance for credit losses (ACL) by portfolio segment was as follows: Three Months Ended March 31, 2024 2023 Consumer Commercial Total Consumer Commercial Total Allowance for loan and lease losses, beginning of period $ 298,061 $ 12,326 $ 310,387 $ 312,489 $ 15,363 $ 327,852 Credit loss expense for loans and leases held for investment 27,686 1,560 29,246 70,684 166 70,850 Charge-offs (1) (89,110) (1,232) (90,342) (52,212) (351) (52,563) Recoveries 9,643 216 9,859 2,585 133 2,718 Allowance for loan and lease losses, end of period $ 246,280 $ 12,870 $ 259,150 $ 333,546 $ 15,311 $ 348,857 Reserve for unfunded lending commitments, beginning of period $ — $ 1,873 $ 1,873 $ 18 $ 1,860 $ 1,878 Credit loss expense for unfunded lending commitments — (211) (211) 49 (315) (266) Reserve for unfunded lending commitments, end of period (2) $ — $ 1,662 $ 1,662 $ 67 $ 1,545 $ 1,612 (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 $72.1 million and $117.2 million of unfunded commitments, associated primarily with the commercial loan portfolio, as of March 31, 2024 and 2023, respectively. The following table presents charge-offs by origination year for the first quarter of 2024: Gross Charge-Offs by Origination Year 2024 2023 2022 2021 2020 Prior Total Unsecured personal $ — $ 22,857 $ 47,814 $ 17,867 $ — $ — $ 88,538 Residential mortgages — — — — — — — Secured consumer — 64 315 193 — — 572 Total consumer loans held for investment — 22,921 48,129 18,060 — — 89,110 Equipment finance — — — — — — — Commercial real estate — — — — — — — Commercial and industrial — 421 — — — 811 1,232 Total commercial loans and leases held for investment — 421 — — — 811 1,232 Total loans and leases held for investment $ — $ 23,342 $ 48,129 $ 18,060 $ — $ 811 $ 90,342 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, 2024 Term Loans and Leases by Origination Year 2024 2023 2022 2021 2020 Prior Total Unsecured personal Current $ 233,407 $ 1,321,148 $ 1,427,483 $ 334,677 $ — $ — $ 3,316,715 30-59 days past due 443 9,390 15,040 4,979 — — 29,852 60-89 days past due — 7,932 12,714 4,048 — — 24,694 90 or more days past due — 8,179 13,325 4,879 — — 26,383 Total unsecured personal (1) 233,850 1,346,649 1,468,562 348,583 — — 3,397,644 Residential mortgages Current — — 47,695 53,771 29,725 48,184 179,375 30-59 days past due — — — 702 — 469 1,171 60-89 days past due — — — — — — — 90 or more days past due — — — — — 151 151 Total residential mortgages — — 47,695 54,473 29,725 48,804 180,697 Secured consumer Current 28,996 113,517 86,493 18,829 — 2,438 250,273 30-59 days past due — 545 1,421 366 — — 2,332 60-89 days past due — 84 248 61 — — 393 90 or more days past due — 125 50 68 — — 243 Total secured consumer 28,996 114,271 88,212 19,324 — 2,438 253,241 Total consumer loans held for investment $ 262,846 $ 1,460,920 $ 1,604,469 $ 422,380 $ 29,725 $ 51,242 $ 3,831,582 (1) Excludes cumulative basis adjustment for loans designated in fair value hedges under the portfolio layer method. As of March 31, 2024, the basis adjustment totaled $209 thousand and represents an increase to the amortized cost of the hedged loans. See “ Note 8. Derivative Instruments and Hedging Activities ” for additional information. December 31, 2023 Term Loans and Leases by Origination Year 2023 2022 2021 2020 2019 Prior Total Unsecured personal Current $ 1,498,737 $ 1,688,512 $ 438,296 $ — $ — $ — $ 3,625,545 30-59 days past due 9,034 17,017 6,665 — — — 32,716 60-89 days past due 7,767 15,538 6,251 — — — 29,556 90 or more days past due 6,924 16,564 6,644 — — — 30,132 Total unsecured personal (1) 1,522,462 1,737,631 457,856 — — — 3,717,949 Residential mortgages Current 53 48,473 54,855 29,960 18,917 29,041 181,299 30-59 days past due — — — — 1,331 420 1,751 60-89 days past due — — — — — — — 90 or more days past due — — — — — — — Total residential mortgages 53 48,473 54,855 29,960 20,248 29,461 183,050 Secured consumer Current 125,618 97,084 21,949 — 2,460 — 247,111 30-59 days past due 364 1,295 417 — — — 2,076 60-89 days past due 94 373 168 — — — 635 90 or more days past due — 153 64 — — — 217 Total secured consumer 126,076 98,905 22,598 — 2,460 — 250,039 Total consumer loans held for investment $ 1,648,591 $ 1,885,009 $ 535,309 $ 29,960 $ 22,708 $ 29,461 $ 4,151,038 (1) Excludes cumulative basis adjustment for loans designated in fair value hedges under the portfolio layer method. As of December 31, 2023, the basis adjustment totaled $8.9 million and represents an increase to the amortized cost of the hedged loans. See “ Note 8. Derivative Instruments and Hedging Activities ” for additional information. 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 deserve 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, 2024 Term Loans and Leases by Origination Year 2024 2023 2022 2021 2020 Prior Total Guaranteed Amount (1) Equipment finance Pass $ — $ 2,594 $ 31,123 $ 23,762 $ 7,104 $ 15,198 $ 79,781 $ — Special mention — — 14,877 1,586 5,658 — 22,121 — Substandard — — — — — — — — Doubtful — — — — — — — — Loss — — — — — — — — Total equipment finance — 2,594 46,000 25,348 12,762 15,198 101,902 — Commercial real estate Pass 6,868 54,516 92,574 24,953 41,839 125,081 345,831 31,804 Special mention — — — 362 562 14,044 14,968 421 Substandard — — 447 7,933 — 2,122 10,502 7,090 Doubtful — — — — — — — — Loss — — 2,703 1,515 — 503 4,721 3,980 Total commercial real estate 6,868 54,516 95,724 34,763 42,401 141,750 376,022 43,295 Commercial and industrial Pass 4,061 42,413 53,137 34,515 8,732 20,280 163,138 101,158 Special mention — — 4,375 1,956 719 273 7,323 2,779 Substandard — — 12,225 5,957 652 1,966 20,800 15,143 Doubtful — — 2,225 — 527 285 3,037 2,315 Loss — — 552 — — 1,251 1,803 1,781 Total commercial and industrial 4,061 42,413 72,514 42,428 10,630 24,055 196,101 123,176 Total commercial loans and leases held for investment $ 10,929 $ 99,523 $ 214,238 $ 102,539 $ 65,793 $ 181,003 $ 674,025 $ 166,471 (1) Represents loan balances guaranteed by the Small Business Association (SBA). December 31, 2023 Term Loans and Leases by Origination Year 2023 2022 2021 2020 2019 Prior Total Guaranteed Amount (1) Equipment finance Pass $ 2,945 $ 33,430 $ 26,311 $ 7,754 $ 9,411 $ 6,288 $ 86,139 $ — Special mention — 15,235 1,962 5,873 1,335 — 24,405 — Substandard — — — 448 — — 448 — Doubtful — — — — — — — — Loss — — — — — — — — Total equipment finance 2,945 48,665 28,273 14,075 10,746 6,288 110,992 — Commercial real estate Pass 49,067 94,247 34,535 43,058 52,160 78,062 351,129 33,423 Special mention — — — — — 13,706 13,706 — Substandard — 3,598 7,716 — — 2,139 13,453 9,425 Doubtful — — — — — — — — Loss — — 1,515 — — 519 2,034 1,471 Total commercial real estate 49,067 97,845 43,766 43,058 52,160 94,426 380,322 44,319 Commercial and industrial Pass 40,636 60,352 39,304 9,525 10,282 11,626 171,725 104,928 Special mention — 10,881 1,532 729 137 444 13,723 9,384 Substandard — 2,304 5,426 673 1,045 1,434 10,882 6,908 Doubtful — 649 — 548 — 286 1,483 1,214 Loss — — — — — 1,256 1,256 1,229 Total commercial and industrial 40,636 74,186 46,262 11,475 11,464 15,046 199,069 123,663 Total commercial loans and leases held for investment $ 92,648 $ 220,696 $ 118,301 $ 68,608 $ 74,370 $ 115,760 $ 690,383 $ 167,982 (1) Represents loan balances guaranteed by the SBA. The following tables present an analysis of the past due loans and leases HFI at amortized cost within the commercial portfolio segment: March 31, 2024 30-59 60-89 90 or More Total Days Past Due Guaranteed Amount (1) Equipment finance $ 1,461 $ — $ — $ 1,461 $ — Commercial real estate 4,335 400 4,321 9,056 7,755 Commercial and industrial 1,595 8,518 4,687 14,800 11,185 Total commercial loans and leases held for investment $ 7,391 $ 8,918 $ 9,008 $ 25,317 $ 18,940 December 31, 2023 30-59 60-89 90 or More Total Days Past Due Guaranteed Amount (1) Equipment finance $ 1,265 $ — $ — $ 1,265 $ — Commercial real estate — 3,566 1,618 5,184 4,047 Commercial and industrial 12,261 1,632 1,515 15,408 11,260 Total commercial loans and leases held for investment $ 13,526 $ 5,198 $ 3,133 $ 21,857 $ 15,307 (1) Represents loan balances guaranteed by the SBA. Loan Modifications The Company has loan modification programs to assist borrowers experiencing financial difficulty and to mitigate losses and maximize collections for loans serviced by the Company. The table below presents the amortized cost of loans that were modified during the periods presented, by modification type: Three Months Ended March 31, 2024 2023 Short-term payment reduction $ 14,191 $ 144 Permanent loan modification 1,645 475 Debt settlement 6,366 4,818 Total loan modifications – unsecured personal loans $ 22,202 $ 5,437 % of unsecured personal loans at amortized cost as of period end 0.7 % 0.1 % During the third quarter of 2023, the Company expanded its digital channels to enable borrowers experiencing financial difficulty to qualify for a short-term payment reduction modification program. Under this program, borrowers may receive a temporary payment reduction for three months. If the borrower meets the temporary payment reduction requirements during the first three-month term, they may qualify for a payment reduction for an additional three months. Receiving an additional three months of payment reduction is considered an other-than-insignificant payment delay and becomes a short-term payment reduction modification. The short-term payment reduction modification results in a term extension of five Permanent loan modifications include both a reduction in contractual interest rates and an extension to the contractual maturity date of up to twelve months and do not include any principal forgiveness. To qualify for this modification, borrowers must meet the Company’s debt-to-income ratio requirements. During the first quarters of 2024 and 2023, the weighted-average interest rate reduction under this program was approximately 7.7% and 8.0%, respectively, and the weighted-average maturity date extension was approximately twelve months for both periods. Debt settlement modifications, which include engaging with third-party debt settlement companies, reduce the principal and interest amounts owed by borrowers. The Company typically charges-off such loans within a few months following the modification, as payments under the modified agreement are less than the original contractual amounts. The following table presents the delinquency status of the amortized cost of loan modifications as of the periods presented below that were modified during the preceding twelve months: March 31, 2024 March 31, 2023 (1) Short-term Payment Reduction Permanent Loan Modification Debt Settlement Short-term Payment Reduction Permanent Loan Modification Debt Settlement Unsecured personal loans Current $ 16,509 $ 3,905 $ 127 $ 144 $ 475 $ 19 30-59 days 845 127 62 — — 14 60-89 days 716 81 475 — — 1,388 90 or more days 305 202 5,979 — — 3,397 Total loan modifications $ 18,375 $ 4,315 $ 6,643 $ 144 $ 475 $ 4,818 (1) Reflects the delinquency status of the amortized cost of loan modifications that were modified during the preceding three months, as the associated ASU 2022-02 was adopted prospectively on January 1, 2023. In the event of a borrower defaulting at 120 days past due, the modified loan is charged-off at the time of default. The table below presents the total amount of charge-offs during the period for loan modifications that were entered into within the preceding twelve months of charge-off: Three Months Ended March 31, 2024 2023 (1) Short-term payment reduction $ 193 $ — Permanent loan modification 439 27 Debt settlement 21,775 5,707 Total loan modifications – unsecured personal loans $ 22,407 $ 5,734 (1) Reflects total amount of charge-offs during the period for loan modifications that were entered into within the preceding three months of charge-off, as the associated ASU 2022-02 was adopted prospectively on January 1, 2023. 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, 2024 December 31, 2023 Nonaccrual Nonaccrual with no related ACL (1) Nonaccrual Nonaccrual with no related ACL (1) Unsecured personal $ 26,383 $ — $ 30,132 $ — Residential mortgages 310 310 312 312 Secured consumer 243 — 217 — Total nonaccrual consumer loans held for investment 26,936 310 30,661 312 Equipment finance — — — — Commercial real estate 9,115 4,167 9,663 2,187 Commercial and industrial 9,256 3,082 4,058 1,590 Total nonaccrual commercial loans and leases held for investment (2) 18,371 7,249 13,721 3,777 Total nonaccrual loans and leases held for investment $ 45,307 $ 7,559 $ 44,382 $ 4,089 (1) Subset of total nonaccrual loans and leases. (2) Includes $15.0 million and $10.4 million in loan balances guaranteed by the SBA as of March 31, 2024 and December 31, 2023, respectively. March 31, 2024 December 31, 2023 Nonaccrual Nonaccrual Ratios (1) Nonaccrual Nonaccrual Ratios (1) Total nonaccrual consumer loans held for investment $ 26,936 0.7 % $ 30,661 0.7 % Total nonaccrual commercial loans and leases held for investment 18,371 2.7 % 13,721 2.0 % Total nonaccrual loans and leases held for investment $ 45,307 1.0 % $ 44,382 0.9 % (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, 2024
Transfers and Servicing [Abstract]
Securitizations and Variable Interest Entities	Securitizations and Variable Interest Entities VIE Assets and Liabilities The following table presents the classifications of assets and liabilities on the Company’s Balance Sheet for its transactions with consolidated and unconsolidated VIEs. The Company’s transactions with VIEs include Structured Program transactions. The Company has also various forms of involvement with VIEs, including servicing loans and holding senior asset-backed securities or subordinated interests in the VIEs. Additionally, the carrying amount of assets and liabilities in the table below exclude intercompany balances that were eliminated in consolidation. March 31, 2024 December 31, 2023 Consolidated Unconsolidated Total Consolidated Unconsolidated Total Assets Restricted cash $ 3,163 $ — $ 3,163 $ 3,454 $ — $ 3,454 Securities available for sale at fair value — 1,869,125 1,869,125 — 1,249,796 1,249,796 Loans held for investment at fair value (1) 234 — 234 970 — 970 Other assets 11 40,044 40,055 14 31,531 31,545 Total assets $ 3,408 $ 1,909,169 $ 1,912,577 $ 4,438 $ 1,281,327 $ 1,285,765 Liabilities Borrowings (1) 1,894 — 1,894 2,888 — 2,888 Other liabilities 2 4,049 4,051 4 3,301 3,305 Total liabilities $ 1,896 $ 4,049 $ 5,945 $ 2,892 $ 3,301 $ 6,193 Total net assets (maximum loss exposure) $ 1,512 $ 1,905,120 $ 1,906,632 $ 1,546 $ 1,278,026 $ 1,279,572 (1) Prior period amounts have been reclassified to conform to the current period presentation. Maximum loss 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. Unconsolidated VIEs The following table summarizes activity related to unconsolidated VIEs where the transfers were accounted for as a sale on the Company’s financial statements: Three Months Ended 2024 Fair value of consideration received: Cash $ 93,644 Securities retained from Structured Program transactions 738,976 Other assets, net 9,733 Total consideration 842,353 Fair value of loans sold (833,776) Gain on sales of loans (1) $ 8,577 Cash proceeds from continuing involvement: Servicing and other administrative fees $ 4,723 Interest received on securities retained from Structured Program transactions $ 29,663 (1) Consists primarily of servicing assets recognized at the time of sale, less any transaction costs, and excludes origination fees and fair value adjustments recognized prior to the sale. There was no activity related to unconsolidated VIEs during the first quarter of 2023. Beginning in the second quarter of 2023, the Company resumed its Structured Program transactions with its newly launched Structured Certificates, where it retains the senior securities at a fixed rate, in addition to the amount required pursuant to the U.S. Risk Retention Rules, and sells the residual certificates. See “ Note 4. Securities Available for Sale ” for the securities retained in the Company’s investment portfolio related to such transactions. 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 residual certificates are subject principally to the credit and prepayment risk stemming from the underlying unsecured personal loans. As of March 31, 2024, the aggregate unpaid principal balance held by unconsolidated VIEs was $2.2 billion, of which $14.6 million was attributable to off-balance sheet loans that were 30 days or more past due. As of December 31, 2023, the aggregate unpaid principal balance held by unconsolidated VIEs was $1.6 billion, of which $9.5 million was attributable to off-balance sheet loans that were 30 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 Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements 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. Recurring Fair Value Measurements The following tables present, by level within the fair value hierarchy, the Company’s assets and liabilities measured at fair value on a recurring basis: March 31, 2024 Level 1 Level 2 Level 3 Balance at Assets: Loans held for sale at fair value $ — $ — $ 550,415 $ 550,415 Loans held for investment at fair value — — 427,396 427,396 Securities available for sale: Senior asset-backed securities related to Structured Program transactions — — 1,765,259 1,765,259 U.S. agency residential mortgage-backed securities — 216,427 — 216,427 Other asset-backed securities related to Structured Program transactions — — 103,866 103,866 U.S. agency securities — 79,252 — 79,252 Mortgage-backed securities — 36,382 — 36,382 Other asset-backed securities — 24,800 — 24,800 Municipal securities — 2,514 — 2,514 Total securities available for sale — 359,375 1,869,125 2,228,500 Servicing assets — — 71,830 71,830 Other assets — 4,156 — 4,156 Total assets $ — $ 363,531 $ 2,918,766 $ 3,282,297 Liabilities: Borrowings — — 8,643 8,643 Other liabilities — 4,351 8,817 13,168 Total liabilities $ — $ 4,351 $ 17,460 $ 21,811 December 31, 2023 Level 1 Level 2 Level 3 Balance at Assets: Loans held for sale at fair value $ — $ — $ 407,773 $ 407,773 Loans held for investment at fair value (1) — — 272,678 272,678 Securities available for sale: Senior asset-backed securities related to Structured Program transactions — — 1,176,403 1,176,403 U.S. agency residential mortgage-backed securities — 224,596 — 224,596 U.S. agency securities — 80,104 — 80,104 Other asset-backed securities related to Structured Program transactions — — 73,393 73,393 Mortgage-backed securities — 37,076 — 37,076 Other asset-backed securities — 26,101 — 26,101 Municipal securities — 2,589 — 2,589 Total securities available for sale — 370,466 1,249,796 1,620,262 Servicing assets — — 77,680 77,680 Other assets — 3,525 — 3,525 Total assets $ — $ 373,991 $ 2,007,927 $ 2,381,918 Liabilities: Borrowings (1) — — 12,956 12,956 Other liabilities — 12,072 7,655 19,727 Total liabilities $ — $ 12,072 $ 20,611 $ 32,683 (1) Prior period amounts have been reclassified to conform to the current period presentation. 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 2024 or 2023. The following significant unobservable inputs were used in the fair value measurement of the Company’s Level 3 assets: • Discount rate – The weighted-average rate at which the expected cash flows are discounted to arrive at the net present value of the loan. The discount rate is primarily determined based on marketplace investor return expectations. • Annualized net charge-off rate – The annualized rate of average charge-offs, net of recoveries, expressed as a percentage of the average principal balance of loan pools with similar risk characteristics. The calculation of this annualized rate also incorporates a qualitative estimate of credit losses based on the Company’s current macroeconomic outlook. • Annualized prepayment rate – The annualized rate of prepayments expressed as a percentage of the average principal balance of loan pools with similar risk characteristics. An increase in each of the inputs above, in isolation, would result in a decrease in the fair value measurement. The sensitivity calculations are hypothetical and should not be considered to be predictive of future performance. The effect on fair value of a variation in assumptions generally cannot be determined because the relationship of the change in assumptions to the fair value may not be linear. Changes in one factor may lead to changes in other factors, which could impact the hypothetical results. Loans Held for Sale at Fair Value Significant Unobservable Inputs The following significant unobservable inputs were used in the fair value measurement of loans HFS: March 31, 2024 December 31, 2023 Minimum Maximum Weighted- Average Minimum Maximum Weighted- Average Discount rate 7.3 % 10.0 % 8.5 % 8.1 % 10.3 % 9.0 % Annualized net charge-off rate (1) 3.8 % 11.8 % 6.8 % 2.7 % 12.9 % 6.5 % Annualized prepayment rate (1) 15.7 % 22.4 % 19.6 % 15.7 % 22.5 % 19.9 % (1) The weighted-average rate is calculated using the original principal balance of each loan pool. Fair Value Sensitivity The sensitivity of loans HFS at fair value to adverse changes in key assumptions was as follows: March 31, 2024 December 31, 2023 Loans held for sale at fair value $ 550,415 $ 407,773 Expected remaining weighted-average life (in years) 1.5 1.5 Discount rate: 100 basis point increase $ (7,305) $ (5,093) 200 basis point increase $ (14,103) $ (10,051) Annualized net charge-off rate: 10% increase $ (6,628) $ (5,102) 20% increase $ (13,055) $ (10,184) Annualized prepayment rate: 10% increase $ (1,339) $ (851) 20% increase $ (2,383) $ (1,628) Fair Value Reconciliation The following table presents loans HFS at fair value activity: Three Months Ended 2024 2023 Fair value at beginning of period $ 407,773 $ 110,400 Originations and purchases 1,282,250 1,205,029 Sales (1,059,648) (1,247,246) Principal payments (34,272) (6,465) Fair value adjustments recorded in earnings (45,688) (17,071) Fair value at end of period $ 550,415 $ 44,647 The following table summarizes the aggregate fair value of the Company’s HFS loans, as well as the amount that was 90 days or more past due: March 31, 2024 December 31, 2023 Total 90 or more Total 90 or more Aggregate unpaid principal balance $ 577,259 $ 1,672 $ 431,955 $ 1,395 Cumulative fair value adjustments (26,844) (1,342) (24,182) (1,102) Fair value of loans held for sale $ 550,415 $ 330 $ 407,773 $ 293 Loans Held for Investment at Fair Value 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. As such, the tables presented below exclude retail and certificate loans held for investment at fair value, which were $7.0 million and $10.5 million at March 31, 2024 and December 31, 2023, respectively. Significant Unobservable Inputs The following significant unobservable inputs were used in the fair value measurement of loans HFI: March 31, 2024 December 31, 2023 Minimum Maximum Weighted- Average Minimum Maximum Weighted- Average Discount rate 6.7 % 24.3 % 12.7 % 8.4 % 16.2 % 12.8 % Annualized net charge-off rate (1) 2.7 % 21.0 % 6.5 % 1.9 % 5.9 % 3.7 % Annualized prepayment rate (1) 17.1 % 26.3 % 21.3 % 18.6 % 27.7 % 22.6 % (1) The weighted-average rate is calculated using the original principal balance of each the loan pool. Fair Value Sensitivity The sensitivity of loans HFI at fair value to adverse changes in key assumptions was as follows: March 31, 2024 December 31, 2023 Loans held for investment at fair value $ 420,393 $ 262,190 Expected remaining weighted-average life (in years) 0.9 0.9 Discount rate: 100 basis point increase $ (3,201) $ (1,957) 200 basis point increase $ (6,359) $ (3,888) Annualized net charge-off rate: 10% increase $ (3,275) $ (1,753) 20% increase $ (6,717) $ (3,595) Annualized prepayment rate: 10% increase $ (1,343) $ (857) 20% increase $ (2,926) $ (1,675) Fair Value Reconciliation The following table presents loans HFI at fair value activity: Three Months Ended 2024 2023 Fair value at beginning of period $ 262,190 $ 925,938 Purchases 220,564 4,037 Principal payments (63,926) (186,451) Interest income accretion and fair value adjustments recorded in earnings 1,565 5,094 Fair value at end of period $ 420,393 $ 748,618 The following table summarizes the aggregate fair value of the Company’s HFI loans held at fair value, as well as the amount that was 90 days or more past due: March 31, 2024 December 31, 2023 Total 90 or more Total 90 or more Aggregate unpaid principal balance $ 448,233 $ 2,534 $ 281,031 $ 3,774 Cumulative fair value adjustments (27,840) (2,034) (18,841) (3,037) Fair value of loans held for investment $ 420,393 $ 500 $ 262,190 $ 737 Asset-Backed Securities Related to Structured Program Transactions Senior Asset-Backed Securities Related to Structured Program Transactions Significant Unobservable Inputs Discount rate, which includes credit spreads, was the significant unobservable input used to measure the fair value of this Level 3 asset. The minimum, maximum and weighted-average discount rate assumptions were 7.1% and 7.0% as of March 31, 2024 and December 31, 2023, respectively. Fair Value Sensitivity The sensitivity in the fair value of senior asset-backed securities related to Structured Program transactions to adverse changes in key assumptions was as follows: March 31, 2024 December 31, 2023 Fair value of interests held $ 1,765,259 $ 1,176,403 Expected remaining weighted-average life (in years) 1.5 1.5 Discount rate: 100 basis point increase $ (26,006) $ (18,016) 200 basis point increase $ (52,013) $ (36,033) Fair Value Reconciliation The following table presents senior asset-backed securities related to Structured Program transactions activity: Three Months Ended March 31, 2024 Fair value at beginning of period $ 1,176,403 Additions 697,347 Cash received (106,474) Change in unrealized loss (2,017) Fair value at end of period $ 1,765,259 There was no activity associated with senior asset-backed securities related to Structured Program transactions during the first quarter of 2023 as this consists of the newly launched Structured Certificates that the Company began entering into in the second quarter of 2023. Other Asset-Backed Securities Related to Structured Program Transactions Significant Unobservable Inputs The following significant unobservable inputs were used in the fair value measurement of other asset-backed securities related to Structured Program transactions: March 31, 2024 December 31, 2023 Minimum Maximum Weighted- Minimum Maximum Weighted- Discount rates 7.3 % 10.0 % 8.4 % 8.1 % 10.3 % 9.0 % Annualized net charge-off rate (1) 4.8 % 5.9 % 5.5 % 4.9 % 5.9 % 5.5 % Annualized prepayment rate (1) 18.2 % 20.1 % 19.7 % 19.2 % 21.0 % 20.1 % (1) The weighted-average rate is calculated using the original principal balance of each security. Fair Value Sensitivity The sensitivity in the fair value of other asset-backed securities related to Structured Program transactions to adverse changes in key assumptions was as follows: March 31, 2024 December 31, 2023 Fair value of interests held $ 103,866 $ 73,393 Expected remaining weighted-average life (in years) 1.4 1.5 Discount rate: 100 basis point increase $ (1,300) $ (927) 200 basis point increase $ (2,557) $ (1,836) Annualized net charge-off rate: 10% increase $ (1,169) $ (882) 20% increase $ (2,340) $ (1,771) Annualized prepayment rate: 10% increase $ (236) $ (203) 20% increase $ (468) $ (430) Fair Value Reconciliation The following table presents other asset-backed securities related to Structured Program transactions activity: Three Months Ended March 31, 2024 2023 Fair value at beginning of period $ 73,393 $ 12,469 Additions 42,738 113 Cash received (9,331) (2,185) Credit loss expense for securities available for sale (2,892) — Change in unrealized loss (42) — Fair value at end of period $ 103,866 $ 10,397 S ervicing Assets Significant Unobservable Inputs The following significant unobservable inputs were used in the fair value measurement for servicing assets related to loans sold to investors: March 31, 2024 December 31, 2023 Minimum Maximum Weighted- Minimum Maximum Weighted- Discount rate 8.7 % 17.3 % 11.1 % 8.7 % 17.3 % 11.3 % Annualized net charge-off rate (1) 1.9 % 23.8 % 8.6 % 1.9 % 24.0 % 8.7 % Annualized prepayment rate (1) 15.7 % 25.8 % 19.8 % 15.6 % 25.7 % 20.3 % Market servicing rate (2) 0.62 % 0.62 % 0.62 % 0.62 % 0.62 % 0.62 % (1) The weighted-average rate is calculated using the original principal balance of each loan pool. (2) The fees a willing market participant would require for the servicing of loans with similar characteristics as those in the Company’s serviced portfolio. Fair Value Sensitivity The sensitivity of the fair value of servicing assets to adverse changes in key assumptions was as follows: March 31, 2024 December 31, 2023 Fair value of servicing assets $ 71,830 $ 77,680 Expected remaining weighted-average life (in years) 1.2 1.2 Discount rate: 100 basis point increase $ (625) $ (675) 200 basis point increase $ (1,251) $ (1,349) Annualized net charge-off rate: 10% increase $ (755) $ (878) 20% increase $ (1,509) $ (1,756) Annualized prepayment rate: 10% increase $ (1,459) $ (1,550) 20% increase $ (2,918) $ (3,100) 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, 2024 December 31, 2023 Weighted-average market servicing rate assumptions 0.62 % 0.62 % Change in fair value from: Servicing rate increase by 0.10% $ (8,096) $ (8,719) Servicing rate decrease by 0.10% $ 8,096 $ 8,719 Fair Value Reconciliation The following table presents servicing assets activity: Three Months Ended March 31, 2024 2023 Fair value at beginning of period $ 77,680 $ 84,308 Issuances (1) 13,578 14,125 Change in fair value, included in Marketplace revenue (19,428) (12,576) Other net changes — 3,384 Fair value at end of period $ 71,830 $ 89,241 (1) Represents the servicing assets recorded when the loans are sold. Included in “Gains on sales of loans” within “Marketplace revenue” on the Income Statement. Financial Instruments Not Recorded at Fair Value The following tables present the carrying amount and estimated fair values, by level within the fair value hierarchy, of the Company’s assets, and liabilities that are not recorded at fair value on a recurring basis: March 31, 2024 Carrying Amount Level 1 Level 2 Level 3 Balance at Assets: Loans and leases held for investment, net $ 4,246,666 $ — $ — $ 4,389,732 $ 4,389,732 Other assets 37,793 — 37,184 964 38,148 Total assets $ 4,284,459 $ — $ 37,184 $ 4,390,696 $ 4,427,880 Liabilities: Deposits (1) $ 1,544,037 $ — $ — $ 1,544,037 $ 1,544,037 Borrowings 253,907 — 250,000 3,907 253,907 Other liabilities 53,325 — 31,855 21,470 53,325 Total liabilities $ 1,851,269 $ — $ 281,855 $ 1,569,414 $ 1,851,269 December 31, 2023 Carrying Amount Level 1 Level 2 Level 3 Balance at Assets: Loans and leases held for investment, net $ 4,539,915 $ — $ — $ 4,675,354 $ 4,675,354 Other assets 37,605 — 36,884 1,017 37,901 Total assets $ 4,577,520 $ — $ 36,884 $ 4,676,371 $ 4,713,255 Liabilities: Deposits (1) $ 1,714,889 $ — $ — $ 1,714,203 $ 1,714,203 Borrowings 6,398 — — 6,398 6,398 Other liabilities 59,015 — 36,823 22,192 59,015 Total liabilities $ 1,780,302 $ — $ 36,823 $ 1,742,793 $ 1,779,616 (1) Excludes deposit liabilities with no defined or contractual maturities.

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	3 Months Ended
	Mar. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities	Derivative Instruments and Hedging Activities Credit Derivatives Beginning in the second quarter of 2023, the Company entered into credit support agreements related to loan sales, whereby it is obligated to make payments to a limited number of strategic investors approximately 18 months after sale if credit losses exceed certain initial agreed-upon thresholds, subject to a maximum dollar amount. Accordingly, these are accounted for as credit derivative liabilities, measured at fair value, and recorded in “Other liabilities” on the Balance Sheet. The initial fair value of the derivative liabilities is recorded in “Gain on sales of loans” with changes in the fair value recorded in “Net fair value adjustments,” both within “Marketplace revenue” on the Income Statement. The table below presents the notional and gross fair value amounts of the Company’s credit derivatives: March 31, 2024 December 31, 2023 Notional (1) Gross Derivative Liability Fair Value (2) Notional (1) Gross Derivative Liability Fair Value (2) Credit derivatives $ 8,748 $ (7,786) $ 7,307 $ (6,372) (1) Represents the maximum dollar exposure. (2) The fair value is based on the combined impact of both the quantitative and qualitative credit loss forecast. For the first quarter of 2024, the Company recognized a loss of $1.4 million in earnings. Hedging The Company is exposed to changes in the fair value of its fixed-rate loans due to changes in benchmark interest rates. Beginning in the third quarter of 2023, the Company entered into interest rate swaps to manage its exposure to changes in fair value of these loans attributable to changes in the Secured Overnight Financing Rate (SOFR). The interest rate swaps qualify as fair value hedges and involve the payment of fixed-rate amounts to a counterparty in exchange for the receipt of variable-rate payments over the life of the agreements, ranging from approximately one The table below presents the notional and gross fair value amounts of the Company’s derivatives used for hedging: March 31, 2024 December 31, 2023 Notional Gross Derivative Liability Fair Value (1) Notional Gross Derivative Liability Fair Value (1) Derivatives used for hedging: Interest rate swaps $ 1,500,000 $ (195) $ 1,500,000 $ (8,547) (1) Recorded in “Other liabilities” on the Balance Sheet. The following table summarizes the gains (losses) recognized on the Company’s fair value hedges: Three Months Ended March 31, 2024 Gains (losses) recognized on: Hedged item $ (8,672) Derivatives used for hedging 8,352 Interest settlement on derivative (1) 1,373 Total gains on fair value hedges (2) $ 1,053 (1) Includes accrued interest receivable and accrued interest payable. (2) Recorded in “Interest and fees on loans held for investment” on the Income Statement. The following table presents the cumulative basis adjustments for fair value hedges: March 31, 2024 December 31, 2023 Balance Sheet Line Item Carrying Amount of Closed Portfolio (1) Cumulative Fair Value Adjustment to Hedged Item Carrying Amount of Closed Portfolio (1) Cumulative Fair Value Adjustment to Hedged Item Loans and leases held for investment at amortized cost $ 2,613,869 $ 209 $ 3,109,854 $ 8,881 (1) Represents the amortized cost of the total closed portfolio of loans designated in a portfolio method hedge relationship in which the hedged item is a stated layer that is expected to be remaining at the end of the hedging relationship. At March 31, 2024 and December 31, 2023, the amortized cost of loans designated as the hedged item in the portfolio layer hedging relationship was $1.5 billion.

Property, Equipment and Softwar

Property, Equipment and Software, Net	3 Months Ended
	Mar. 31, 2024
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, 2024 December 31, 2023 Software (1) $ 222,690 $ 209,260 Leasehold improvements 30,699 30,764 Computer equipment 21,645 21,654 Furniture and fixtures 5,554 5,845 Total property, equipment and software 280,588 267,523 Accumulated depreciation and amortization (116,956) (106,006) Total property, equipment and software, net $ 163,632 $ 161,517 (1) Includes $58.3 million and $66.9 million of development in progress for internally-developed software and $4.3 million and $4.6 million of development in progress to customize purchased software as of March 31, 2024 and December 31, 2023, respectively. Depreciation and amortization expense on property, equipment and software was $11.7 million and $11.2 million for the first quarters of 2024 and 2023, respectively.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	3 Months Ended
	Mar. 31, 2024
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, 2024 and December 31, 2023. The Company did not record any goodwill impairment expense for the first quarters of 2024 and 2023. 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, 2024 December 31, 2023 Gross carrying value $ 54,500 $ 54,500 Accumulated amortization (43,335) (42,365) Net carrying value $ 11,165 $ 12,135 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, 2024, is as follows: 2024 $ 2,579 2025 2,901 2026 2,252 2027 1,603 2028 945 Thereafter 885 Total $ 11,165

Other Assets

Other Assets	3 Months Ended
	Mar. 31, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other Assets	Other Assets Other assets consist of the following: March 31, 2024 December 31, 2023 Deferred tax assets, net (1) $ 149,669 $ 151,411 Servicing assets (2) 72,440 78,401 Nonmarketable equity investments 55,047 42,891 Accrued interest receivable 38,153 35,793 Operating lease assets 24,824 26,611 Intangible assets, net (3) 11,165 12,135 Other 98,844 108,211 Total other assets $ 450,142 $ 455,453 (1) See “ Note 16. Income Taxes ” for additional detail. (2) Loans underlying servicing assets had a total outstanding principal balance of $8.8 billion and $9.5 billion as of March 31, 2024 and December 31, 2023, respectively. (3) See “ Note 10. Goodwill and Intangible Assets ” for additional detail.

Deposits

Deposits	3 Months Ended
	Mar. 31, 2024
Other Liabilities Disclosure [Abstract]
Deposits	Deposits Deposits consist of the following: March 31, 2024 December 31, 2023 Interest-bearing deposits: Savings and money market accounts $ 4,695,523 $ 4,349,239 Certificates of deposit 1,544,037 1,714,889 Checking accounts 974,469 937,552 Total 7,214,029 7,001,680 Noninterest-bearing deposits 307,626 331,806 Total deposits $ 7,521,655 $ 7,333,486 Total certificates of deposit at March 31, 2024 are scheduled to mature as follows: 2024 $ 1,248,282 2025 278,179 2026 3,544 2027 10,099 2028 2,019 Thereafter 1,914 Total certificates of deposit $ 1,544,037 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, 2024: Three months or less Over 3 months through Over 6 months through Over Total Certificates of deposit $ 8,490 $ 48,036 $ 119,352 $ 6,774 $ 182,652

Borrowings

Borrowings	3 Months Ended
	Mar. 31, 2024
Debt Disclosure [Abstract]
Borrowings	Borrowings Borrowing Capacity The following table summarizes the Company’s available borrowing capacity and the related pledged collateral: March 31, 2024 December 31, 2023 Available Borrowing Capacity Pledged Collateral Available Borrowing Capacity Pledged Collateral FRB Discount Window $ 2,490,762 $ 3,028,916 $ 2,816,501 $ 3,507,541 FHLB of Des Moines (1) 400,560 828,432 661,337 838,511 Total $ 2,891,322 $ 3,857,348 $ 3,477,838 $ 4,346,052 (1) The reduction in available borrowing capacity as of March 31, 2024 compared to December 31, 2023 was primarily due to a $250 million short-term borrowing from the FHLB of Des Moines. Short-term Borrowings In March 2024, the Company borrowed $250 million from the FHLB of Des Moines, which it repaid in full the following month. Long-term Debt The following table summarizes the components of the Company’s long-term debt, as of the dates indicated: March 31, 2024 December 31, 2023 Advances from PPPLF (1) : Aggregate debt outstanding (fixed interest rate of 0.35%) $ 3,907 $ 6,398 Pledged collateral $ 3,590 $ 6,392 Retail notes and certificates (2) : Aggregate debt outstanding $ 7,003 $ 10,488 Payable on Structured Program borrowings (3) : Aggregate debt outstanding $ 1,640 $ 2,468 Pledged collateral $ 3,071 $ 3,930 (1) Collateralized by SBA Paycheck Protection Program (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 “Restricted cash” of $3.1 million as of March 31, 2024 and by “Loans held for investment at fair value” of $0.5 million and “Restricted cash” of $3.4 million as of December 31, 2023.

Other Liabilities

Other Liabilities	3 Months Ended
	Mar. 31, 2024
Payables and Accruals [Abstract]
Other Liabilities	Other Liabilities Other liabilities consist of the following: March 31, 2024 December 31, 2023 Accounts payable and accrued expenses $ 46,306 $ 54,619 Operating lease liabilities 35,138 37,869 Payable to investors (1) 31,855 36,823 Other 81,038 93,490 Total other liabilities $ 194,337 $ 222,801 (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, 2024
Postemployment Benefits [Abstract]
Employee Incentive Plans	Employee Incentive Plans The Company’s equity incentive plans provide for granting awards, including restricted stock units (RSUs), performance-based restricted stock units (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 2024 2023 RSUs $ 11,982 $ 13,590 PBRSUs 1,617 702 Stock-based compensation expense, gross 13,599 14,292 Less: Capitalized stock-based compensation expense 2,055 2,404 Stock-based compensation expense, net $ 11,544 $ 11,888 Restricted Stock Units The following table summarizes the Company’s RSU activity: Number Weighted- Unvested at December 31, 2023 6,999,831 $ 9.42 Granted 3,541,491 $ 8.55 Vested (1,266,737) $ 10.38 Forfeited/expired (110,402) $ 9.04 Unvested at March 31, 2024 9,164,183 $ 8.96 During the first quarter of 2024, the Company granted 3,541,491 RSUs with an aggregate fair value of $30.3 million. As of March 31, 2024, there was $76.7 million of unrecognized compensation cost related to unvested RSUs, which is expected to be recognized over a weighted-average period of approximately 2.1 years, subject to any forfeitures. Performance-based Restricted Stock Units The Company’s outstanding PBRSU awards have a market-based metric and/or a performance-based metric, each with a three-year performance period, following which any earned portion is immediately vested. With respect to PBRSU awards with a market-based metric, the compensation expense of the award is fixed at the time of grant (incorporating the probability of achieving the market-based metric) and expensed over the performance period. With respect to PBRSU awards with a performance-based metric, the compensation expense of the award is set at the time of grant (assuming a target level of achievement), subsequently adjusted for actual performance during the performance period and expensed over the performance/vesting period. The following table summarizes the Company’s PBRSU activity: Number Weighted- Unvested at December 31, 2023 1,469,813 $ 12.60 Granted 462,060 $ 8.59 Forfeited/expired (364,970) $ 24.54 Unvested at March 31, 2024 1,566,903 $ 8.64 During the first quarter of 2024, the Company granted 462,060 PBRSUs with an aggregate fair value of $4.0 million. As of March 31, 2024, there was $8.3 million of unrecognized compensation cost related to unvested PBRSUs, which is expected to be recognized over a weighted-average period of approximately 1.8 years, subject to any forfeitures.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes For the first quarter of 2024, the Company recorded an income tax expense of $4.3 million, representing an effective tax rate of 25.9%. For 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 due to the favorable impact of recurring items such as tax credits, the unfavorable impact of the non-deductible portions of executive compensation, and the unfavorable impact of stock-based compensation. The following table summarizes the Company’s net deferred tax assets: March 31, 2024 December 31, 2023 Deferred tax assets, net of liabilities $ 195,777 $ 197,519 Valuation allowance (46,108) (46,108) Deferred tax assets, net of valuation allowance $ 149,669 $ 151,411

Leases

Leases	3 Months Ended
	Mar. 31, 2024
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 2024 and 2023, interest earned on Equipment Finance was $1.7 million and $2.9 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, 2024 December 31, 2023 Lease receivables $ 82,710 $ 92,546 Unguaranteed residual asset values 28,489 28,913 Unearned income (9,840) (11,072) Deferred fees 543 605 Total $ 101,902 $ 110,992 Future minimum lease payments based on maturity of the Company’s lessor arrangements as of March 31, 2024 were as follows: 2024 $ 28,281 2025 27,236 2026 16,408 2027 7,836 2028 4,057 Thereafter 1,549 Total lease payments $ 85,367 Discount effect (2,657) Present value of future minimum lease payments $ 82,710 Lessee Arrangements The Company has various operating leases, including with respect to its headquarters in San Francisco, California, and office spaces in the Salt Lake City, Utah, and Boston, Massachusetts areas. As of March 31, 2024, the lease agreements have remaining lease terms ranging from approximately two years to five years. Some of the lease agreements include options to extend the lease term for up to an additional fifteen years. As of March 31, 2024, the Company pledged $0.4 million of cash and $1.1 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, 2024 December 31, 2023 Operating lease assets Other assets $ 24,824 $ 26,611 Operating lease liabilities Other liabilities $ 35,138 $ 37,869 Net lease costs were $2.6 million and $2.9 million during the first quarters of 2024 and 2023, respectively. Such costs are recorded within “Occupancy” expense on the Income Statement. Supplemental cash flow information related to the Company’s operating leases was as follows: Three Months Ended 2024 2023 Non-cash operating activity: Leased assets obtained or adjusted in exchange for new, amended, and modified operating lease liabilities (1) $ — $ (4,664) (1) Amounts include noncash remeasurements of the operating lease ROU asset. The Company’s future minimum undiscounted lease payments under operating leases as of March 31, 2024 were as follows: Operating Lease 2024 $ 9,635 2025 13,129 2026 7,228 2027 4,265 2028 3,922 Thereafter 909 Total lease payments $ 39,088 Discount effect (3,950) Present value of future minimum lease payments $ 35,138 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, 2024 December 31, 2023 Weighted-average remaining lease term (in years) 3.51 3.72 Weighted-average discount rate 5.02 % 5.04 %
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 2024 and 2023, interest earned on Equipment Finance was $1.7 million and $2.9 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, 2024 December 31, 2023 Lease receivables $ 82,710 $ 92,546 Unguaranteed residual asset values 28,489 28,913 Unearned income (9,840) (11,072) Deferred fees 543 605 Total $ 101,902 $ 110,992 Future minimum lease payments based on maturity of the Company’s lessor arrangements as of March 31, 2024 were as follows: 2024 $ 28,281 2025 27,236 2026 16,408 2027 7,836 2028 4,057 Thereafter 1,549 Total lease payments $ 85,367 Discount effect (2,657) Present value of future minimum lease payments $ 82,710 Lessee Arrangements The Company has various operating leases, including with respect to its headquarters in San Francisco, California, and office spaces in the Salt Lake City, Utah, and Boston, Massachusetts areas. As of March 31, 2024, the lease agreements have remaining lease terms ranging from approximately two years to five years. Some of the lease agreements include options to extend the lease term for up to an additional fifteen years. As of March 31, 2024, the Company pledged $0.4 million of cash and $1.1 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, 2024 December 31, 2023 Operating lease assets Other assets $ 24,824 $ 26,611 Operating lease liabilities Other liabilities $ 35,138 $ 37,869 Net lease costs were $2.6 million and $2.9 million during the first quarters of 2024 and 2023, respectively. Such costs are recorded within “Occupancy” expense on the Income Statement. Supplemental cash flow information related to the Company’s operating leases was as follows: Three Months Ended 2024 2023 Non-cash operating activity: Leased assets obtained or adjusted in exchange for new, amended, and modified operating lease liabilities (1) $ — $ (4,664) (1) Amounts include noncash remeasurements of the operating lease ROU asset. The Company’s future minimum undiscounted lease payments under operating leases as of March 31, 2024 were as follows: Operating Lease 2024 $ 9,635 2025 13,129 2026 7,228 2027 4,265 2028 3,922 Thereafter 909 Total lease payments $ 39,088 Discount effect (3,950) Present value of future minimum lease payments $ 35,138 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, 2024 December 31, 2023 Weighted-average remaining lease term (in years) 3.51 3.72 Weighted-average discount rate 5.02 % 5.04 %

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2024
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 17. 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, 2024 and December 31, 2023, the contractual amount of unfunded loan commitments was $72.1 million and $78.1 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 and/or law enforcement 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. 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. 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, 2024
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 (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 Basel III capital framework. The following table summarizes the Company’s and LC Bank’s regulatory capital amounts (in millions) and ratios: March 31, 2024 December 31, 2023 Required Minimum plus Required CCB for Non-Leverage Ratios Amount Ratio Amount Ratio LendingClub Corporation: CET1 capital (1) $ 1,100.9 17.6 % $ 1,090.2 17.9 % 7.0 % Tier 1 capital $ 1,100.9 17.6 % $ 1,090.2 17.9 % 8.5 % Total capital $ 1,181.0 18.9 % $ 1,169.2 19.2 % 10.5 % Tier 1 leverage $ 1,100.9 12.5 % $ 1,090.2 12.9 % 4.0 % Risk-weighted assets $ 6,254.9 N/A $ 6,104.5 N/A N/A Quarterly adjusted average assets $ 8,799.8 N/A $ 8,476.1 N/A N/A LendingClub Bank: CET1 capital (1) $ 949.4 15.4 % $ 949.4 15.8 % 7.0 % Tier 1 capital $ 949.4 15.4 % $ 949.4 15.8 % 8.5 % Total capital $ 1,028.6 16.6 % $ 1,027.4 17.1 % 10.5 % Tier 1 leverage $ 949.4 11.0 % $ 949.4 11.4 % 4.0 % Risk-weighted assets $ 6,180.2 N/A $ 6,022.2 N/A N/A Quarterly adjusted average assets $ 8,666.7 N/A $ 8,337.4 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, 2024 and December 31, 2023, 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, 2024 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. No dividends were declared by LC Bank during the first quarter of 2024 or during 2023. 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.

Segment Reporting

Segment Reporting	3 Months Ended
	Mar. 31, 2024
Segment Reporting [Abstract]
Segment Reporting	Segment Reporting The 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. However, no individual borrower or marketplace investor accounted for 10% or more of total net revenue during the first quarter of 2024. 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 entered into prior to the Acquisition. 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, 2024 2023 2024 2023 2024 2023 2024 2023 Non-interest income: Marketplace revenue $ 38,515 $ 72,688 $ 9,828 $ 13,108 $ 7,548 $ 9,838 $ 55,891 $ 95,634 Other non-interest income 13,695 19,161 1,946 2,553 (13,732) (18,358) 1,909 3,356 Total non-interest income 52,210 91,849 11,774 15,661 (6,184) (8,520) 57,800 98,990 Interest income: Interest income 204,807 198,330 2,544 4,083 — — 207,351 202,413 Interest expense (84,123) (53,896) (340) (1,813) — — (84,463) (55,709) Net interest income 120,684 144,434 2,204 2,270 — — 122,888 146,704 Total net revenue 172,894 236,283 13,978 17,931 (6,184) (8,520) 180,688 245,694 Provision for credit losses (31,927) (70,584) — — — — (31,927) (70,584) Non-interest expense (126,496) (148,383) (11,921) (17,445) 6,184 8,520 (132,233) (157,308) Income before income tax benefit (expense) 14,471 17,316 2,057 486 — — 16,528 17,802 Income tax benefit (expense) (3,685) (4,256) (593) 120 — — (4,278) (4,136) Net income $ 10,786 $ 13,060 $ 1,464 $ 606 $ — $ — $ 12,250 $ 13,666 Capital expenditures $ 11,781 $ 16,398 $ — $ — $ — $ — $ 11,781 $ 16,398 Depreciation and amortization $ 10,166 $ 6,894 $ 2,507 $ 5,460 $ — $ — $ 12,673 $ 12,354 LendingClub Bank LendingClub Corporation Intercompany Consolidated Total March 31, 2024 December 31, 2023 March 31, 2024 December 31, 2023 March 31, 2024 December 31, 2023 March 31, 2024 December 31, 2023 Assets Total cash and cash equivalents $ 1,044,809 $ 1,230,206 $ 125,402 $ 110,273 $ (103,932) $ (87,975) $ 1,066,279 $ 1,252,504 Restricted cash — — 40,949 46,628 (4,868) (4,984) 36,081 41,644 Securities available for sale at fair value 2,227,233 1,617,309 1,267 2,953 — — 2,228,500 1,620,262 Loans held for sale at fair value 550,415 407,773 — — — — 550,415 407,773 Loans and leases held for investment, net 4,246,666 4,539,915 — — — — 4,246,666 4,539,915 Loans held for investment at fair value (1) 414,607 253,800 12,789 18,878 — — 427,396 272,678 Property, equipment and software, net 149,078 144,439 14,554 17,078 — — 163,632 161,517 Investment in subsidiary — — 829,172 816,703 (829,172) (816,703) — — Goodwill 75,717 75,717 — — — — 75,717 75,717 Other assets 350,509 341,680 116,012 131,135 (16,379) (17,362) 450,142 455,453 Total assets 9,059,034 8,610,839 1,140,145 1,143,648 (954,351) (927,024) 9,244,828 8,827,463 Liabilities and Equity Total deposits 7,630,455 7,426,445 — — (108,800) (92,959) 7,521,655 7,333,486 Borrowings (1) 253,907 6,398 8,643 12,956 — — 262,550 19,354 Other liabilities 133,229 154,077 77,487 86,086 (16,379) (17,362) 194,337 222,801 Total liabilities 8,017,591 7,586,920 86,130 99,042 (125,179) (110,321) 7,978,542 7,575,641 Total equity 1,041,443 1,023,919 1,054,015 1,044,606 (829,172) (816,703) 1,266,286 1,251,822 Total liabilities and equity $ 9,059,034 $ 8,610,839 $ 1,140,145 $ 1,143,648 $ (954,351) $ (927,024) $ 9,244,828 $ 8,827,463 (1) Prior period amounts have been reclassified to conform to the current period presentation.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Pay vs Performance Disclosure
Net income	$ 12,250	$ 13,666

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Mar. 31, 2024 shares
Trading Arrangements, by Individual
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
Erin Selleck [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement	The following table shows the trading arrangements intended to satisfy the affirmative defense conditions of Rule 10b5-1(c), adopted by the Company’s directors and executive officers during the first quarter of 2024: Name and Title Adoption Date Expiration Date Aggregate Number of Shares to be Sold (1) Erin Selleck, Director March 1, 2024 January 31, 2025 Up to 8,869 (1) The aggregate number of shares to be sold pursuant to this trading arrangement includes shares from outstanding restricted stock units that are subject to applicable service-based vesting conditions.
Name	Erin Selleck
Title	Director
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	March 1, 2024
Arrangement Duration	336 days
Aggregate Available	8,869

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2024
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.
Reclassifications	The Company made the following presentation changes in the condensed consolidated financial statements and accompanying notes during the first quarter of 2024: • Condensed Consolidated Balance Sheets (Balance Sheet) – “Retail and certificate loans held for investment at fair value” were combined within “Loans held for investment at fair value” and “Retail notes and certificates at fair value” were combined within “Borrowings”; • Condensed Consolidated Statements of Income (Income Statement) – “Interest on retail and certificate loans held for investment at fair value” was combined within “Interest on loans held for investment at fair value” and “Interest on retail notes and certificates at fair value” was combined within “Other interest expense”; and • Condensed Consolidated Statements of Cash Flows – “Net decrease in retail and certificate loans” was combined within “Net change in loans and leases” and “Principal payments on retail notes and certificates” were combined within “Principal payments on borrowings.” In all instances, the respective prior period amounts have been reclassified to conform to the current period presentation.
Adoption of New Accounting Standards	Adoption of New Accounting Standards The Company did not adopt new accounting standards during the three months ended March 31, 2024. New Accounting Standards Not Yet Adopted In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280) – Improvements to Reportable Segment Disclosures , which improves reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. The new standard is effective for annual periods beginning after December 15, 2023 and interim periods beginning after December 15, 2024. The amendments of this standard should be applied retrospectively, with early adoption permitted. The Company is evaluating the impact of this ASU but does not expect it to be material. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740) - Improvements to Income Tax Disclosures , which improves income tax disclosure requirements, primarily through enhanced disclosures surrounding rate reconciliation and income taxes paid. The new standard is effective for annual periods beginning after December 15, 2024. The amendments of this standard should be applied prospectively, with retrospective application permitted. Early adoption is also permitted. The Company is evaluating the impact of this ASU but does not expect it to be material.
Revenue Recognition	Marketplace revenue consists of (i) origination fees, (ii) servicing fees, (iii) gain 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 (HFS). 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 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, 2024
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 2024 2023 Origination fees $ 70,079 $ 70,543 Servicing fees 19,592 26,380 Gain on sales of loans 10,909 14,125 Net fair value adjustments (44,689) (15,414) Total marketplace revenue $ 55,891 $ 95,634

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2024
Earnings Per Share [Abstract]
Schedule of Basic and Diluted Earnings Per Share	The following table details the computation of the Company’s Basic and Diluted EPS: Three Months Ended 2024 2023 Basic EPS: Net income attributable to stockholders $ 12,250 $ 13,666 Weighted-average common shares – Basic 110,685,796 106,912,139 Basic EPS $ 0.11 $ 0.13 Diluted EPS: Net income attributable to stockholders $ 12,250 $ 13,666 Weighted-average common shares – Diluted 110,687,380 106,917,770 Diluted EPS $ 0.11 $ 0.13

Securities Available for Sale (

Securities Available for Sale (Tables)	3 Months Ended
	Mar. 31, 2024
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, 2024 Amortized Gross Gross Allowance for Credit Losses Fair Senior asset-backed securities related to Structured Program transactions $ 1,756,385 $ 9,258 $ (384) $ — $ 1,765,259 U.S. agency residential mortgage-backed securities 258,373 90 (42,036) — 216,427 Other asset-backed securities related to Structured Program transactions (1) 105,658 1,100 — (2,892) 103,866 U.S. agency securities 93,454 — (14,202) — 79,252 Mortgage-backed securities 42,010 13 (5,641) — 36,382 Other asset-backed securities 25,418 17 (635) — 24,800 Municipal securities 3,252 — (738) — 2,514 Total securities available for sale (2) $ 2,284,550 $ 10,478 $ (63,636) $ (2,892) $ 2,228,500 December 31, 2023 Amortized Gross Gross Fair Senior asset-backed securities related to Structured Program transactions $ 1,165,513 $ 10,932 $ (42) $ 1,176,403 U.S. agency residential mortgage-backed securities 261,885 208 (37,497) 224,596 U.S. agency securities 93,452 — (13,348) 80,104 Other asset-backed securities related to Structured Program transactions (1) 70,662 2,731 — 73,393 Mortgage-backed securities 42,511 — (5,435) 37,076 Other asset-backed securities 26,710 25 (634) 26,101 Municipal securities 3,257 — (668) 2,589 Total securities available for sale (2) $ 1,663,990 $ 13,896 $ (57,624) $ 1,620,262 (1) As of March 31, 2024 and December 31, 2023, $102.6 million and $70.1 million, respectively, of the other asset-backed securities related to Structured Program transactions at fair value are subject to restrictions on transfer pursuant to the Company’s obligations as a “sponsor” under the U.S. Risk Retention Rules. (2) As of March 31, 2024 and December 31, 2023, includes $348.8 million and $359.5 million, respectively, of securities pledged as collateral at fair value.
Schedule of Available-for-sale Securities, Continuous Unrealized Loss Position	A summary of AFS securities with unrealized losses for which an allowance for credit losses has not been recorded, aggregated by period of continuous unrealized loss, is as follows: Less than 12 months Total March 31, 2024 Fair Unrealized Fair Unrealized Fair Unrealized Senior asset-backed securities related to Structured Program transactions $ 363,733 $ (384) $ — $ — $ 363,733 $ (384) U.S. agency residential mortgage-backed securities 3,977 (20) 199,962 (42,016) 203,939 (42,036) U.S. agency securities 2,994 (6) 76,258 (14,196) 79,252 (14,202) Mortgage-backed securities — — 33,781 (5,641) 33,781 (5,641) Other asset-backed securities 5,085 (25) 15,427 (610) 20,512 (635) Municipal securities — — 2,514 (738) 2,514 (738) Total securities with unrealized losses $ 375,789 $ (435) $ 327,942 $ (63,201) $ 703,731 $ (63,636) Less than 12 months Total December 31, 2023 Fair Unrealized Fair Unrealized Fair Unrealized Senior asset-backed securities related to Structured Program transactions $ 38,359 $ (42) $ — $ — $ 38,359 $ (42) U.S. agency residential mortgage-backed securities 6,497 (149) 201,426 (37,348) 207,923 (37,497) U.S. agency securities — — 80,104 (13,348) 80,104 (13,348) Mortgage-backed securities 13,973 (740) 23,103 (4,695) 37,076 (5,435) Other asset-backed securities 12,911 (50) 8,538 (584) 21,449 (634) Municipal securities — — 2,589 (668) 2,589 (668) Total securities with unrealized losses $ 71,740 $ (981) $ 315,760 $ (56,643) $ 387,500 $ (57,624)
Schedule of Activity in Credit Valuation Allowance for AFS Securities	The following table presents the activity in the allowance for credit losses for AFS securities, by security type: Allowance for Credit Losses Other asset-backed securities related to Structured Program transactions Beginning balance as of December 31, 2023 $ — Credit loss expense for securities available for sale 2,892 Ending balance as of March 31, 2024 $ 2,892
Schedule of Available-for-sale Securities by Contractual Maturity	The contractual maturities of AFS securities were as follows: March 31, 2024 Amortized Cost Fair Value Weighted- average Yield (1) Due after 1 year through 5 years: Senior asset-backed securities related to Structured Program transactions $ 1,756,385 $ 1,765,259 Other asset-backed securities related to Structured Program transactions 105,658 103,866 U.S. agency securities 10,850 10,447 Mortgage-backed securities 1,694 1,534 Other asset-backed securities 400 402 Municipal securities 154 138 U.S. agency residential mortgage-backed securities 3 3 Total due after 1 year through 5 years 1,875,144 1,881,649 8.07 % Due after 5 years through 10 years: U.S. agency securities 19,998 18,134 Other asset-backed securities 14,143 14,102 U.S. agency residential mortgage-backed securities 4,584 4,308 Mortgage-backed securities 2,012 1,690 Municipal securities 465 402 Total due after 5 years through 10 years 41,202 38,636 4.23 % Due after 10 years: U.S. agency residential mortgage-backed securities 253,786 212,116 U.S. agency securities 62,606 50,671 Mortgage-backed securities 38,304 33,158 Other asset-backed securities 10,875 10,296 Municipal securities 2,633 1,974 Total due after 10 years 368,204 308,215 2.83 % Total securities available for sale $ 2,284,550 $ 2,228,500 7.02 % (1) The weighted-average yield is computed using the average month-end amortized cost during the quarter ended March 31, 2024.

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, 2024
Loans and Leases Receivable Disclosure [Abstract]
Schedule of Components of Portfolio Segment by Class of Financing Receivable	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, 2024 December 31, 2023 Unsecured personal $ 3,397,853 $ 3,726,830 Residential mortgages 180,697 183,050 Secured consumer 253,241 250,039 Total consumer loans held for investment 3,831,791 4,159,919 Equipment finance (1) 101,902 110,992 Commercial real estate 376,022 380,322 Commercial and industrial 196,101 199,069 Total commercial loans and leases held for investment 674,025 690,383 Total loans and leases held for investment 4,505,816 4,850,302 Allowance for loan and lease losses (259,150) (310,387) Loans and leases held for investment, net (2) $ 4,246,666 $ 4,539,915 (1) Comprised of sales-type leases for equipment. See “ Note 17. Leases ” for additional information. (2) As of March 31, 2024 and December 31, 2023, the Company had $3.0 billion and $3.5 billion in loans pledged as collateral under the Federal Reserve Bank (FRB) Discount Window, respectively. In addition, as of March 31, 2024 and December 31, 2023 , the Company had $479.6 million and $479.0 million in loans pledged to the Federal Home Loan Bank ( FHLB) of Des Moines, respectively. The following table presents the components of the allowance for loan and lease losses: March 31, 2024 December 31, 2023 Gross allowance for loan and lease losses (1) $ 311,794 $ 355,773 Recovery asset value (2) (52,644) (45,386) Allowance for loan and lease losses $ 259,150 $ 310,387 (1) Represents the allowance for future estimated net charge-offs on existing portfolio balances. (2) Represents the negative allowance for expected recoveries of amounts previously charged-off. March 31, 2024 Consumer Commercial Total Loans and leases held for investment $ 3,831,791 674,025 $ 4,505,816 Allowance for loan and lease losses $ 246,280 12,870 $ 259,150 Allowance ratio (1) 6.4 % 1.9 % 5.8 % Gross allowance for loan and lease losses $ 298,924 12,870 $ 311,794 Gross allowance ratio (1) 7.8 % 1.9 % 6.9 % December 31, 2023 Consumer Commercial Total Loans and leases held for investment $ 4,159,919 690,383 $ 4,850,302 Allowance for loan and lease losses $ 298,061 12,326 310,387 Allowance ratio (1) 7.2 % 1.8 % 6.4 % Gross allowance for loan and lease losses $ 343,447 12,326 $ 355,773 Gross allowance ratio (1) 8.3 % 1.8 % 7.3 % (1) Calculated as ALLL or gross ALLL, where applicable, to the corresponding portfolio segment balance of loans and leases held for investment at amortized cost. The following table summarizes the aggregate fair value of the Company’s HFS loans, as well as the amount that was 90 days or more past due: March 31, 2024 December 31, 2023 Total 90 or more Total 90 or more Aggregate unpaid principal balance $ 577,259 $ 1,672 $ 431,955 $ 1,395 Cumulative fair value adjustments (26,844) (1,342) (24,182) (1,102) Fair value of loans held for sale $ 550,415 $ 330 $ 407,773 $ 293 The following table summarizes the aggregate fair value of the Company’s HFI loans held at fair value, as well as the amount that was 90 days or more past due: March 31, 2024 December 31, 2023 Total 90 or more Total 90 or more Aggregate unpaid principal balance $ 448,233 $ 2,534 $ 281,031 $ 3,774 Cumulative fair value adjustments (27,840) (2,034) (18,841) (3,037) Fair value of loans held for investment $ 420,393 $ 500 $ 262,190 $ 737
Schedule of Allowance for Credit Loss	The activity in the allowance for credit losses (ACL) by portfolio segment was as follows: Three Months Ended March 31, 2024 2023 Consumer Commercial Total Consumer Commercial Total Allowance for loan and lease losses, beginning of period $ 298,061 $ 12,326 $ 310,387 $ 312,489 $ 15,363 $ 327,852 Credit loss expense for loans and leases held for investment 27,686 1,560 29,246 70,684 166 70,850 Charge-offs (1) (89,110) (1,232) (90,342) (52,212) (351) (52,563) Recoveries 9,643 216 9,859 2,585 133 2,718 Allowance for loan and lease losses, end of period $ 246,280 $ 12,870 $ 259,150 $ 333,546 $ 15,311 $ 348,857 Reserve for unfunded lending commitments, beginning of period $ — $ 1,873 $ 1,873 $ 18 $ 1,860 $ 1,878 Credit loss expense for unfunded lending commitments — (211) (211) 49 (315) (266) Reserve for unfunded lending commitments, end of period (2) $ — $ 1,662 $ 1,662 $ 67 $ 1,545 $ 1,612 (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 $72.1 million and $117.2 million of unfunded commitments, associated primarily with the commercial loan portfolio, as of March 31, 2024 and 2023, respectively.
Schedule of Financing Receivable Gross Charge-Offs and Credit Quality Indicators	The following table presents charge-offs by origination year for the first quarter of 2024: Gross Charge-Offs by Origination Year 2024 2023 2022 2021 2020 Prior Total Unsecured personal $ — $ 22,857 $ 47,814 $ 17,867 $ — $ — $ 88,538 Residential mortgages — — — — — — — Secured consumer — 64 315 193 — — 572 Total consumer loans held for investment — 22,921 48,129 18,060 — — 89,110 Equipment finance — — — — — — — Commercial real estate — — — — — — — Commercial and industrial — 421 — — — 811 1,232 Total commercial loans and leases held for investment — 421 — — — 811 1,232 Total loans and leases held for investment $ — $ 23,342 $ 48,129 $ 18,060 $ — $ 811 $ 90,342 March 31, 2024 Term Loans and Leases by Origination Year 2024 2023 2022 2021 2020 Prior Total Unsecured personal Current $ 233,407 $ 1,321,148 $ 1,427,483 $ 334,677 $ — $ — $ 3,316,715 30-59 days past due 443 9,390 15,040 4,979 — — 29,852 60-89 days past due — 7,932 12,714 4,048 — — 24,694 90 or more days past due — 8,179 13,325 4,879 — — 26,383 Total unsecured personal (1) 233,850 1,346,649 1,468,562 348,583 — — 3,397,644 Residential mortgages Current — — 47,695 53,771 29,725 48,184 179,375 30-59 days past due — — — 702 — 469 1,171 60-89 days past due — — — — — — — 90 or more days past due — — — — — 151 151 Total residential mortgages — — 47,695 54,473 29,725 48,804 180,697 Secured consumer Current 28,996 113,517 86,493 18,829 — 2,438 250,273 30-59 days past due — 545 1,421 366 — — 2,332 60-89 days past due — 84 248 61 — — 393 90 or more days past due — 125 50 68 — — 243 Total secured consumer 28,996 114,271 88,212 19,324 — 2,438 253,241 Total consumer loans held for investment $ 262,846 $ 1,460,920 $ 1,604,469 $ 422,380 $ 29,725 $ 51,242 $ 3,831,582 (1) Excludes cumulative basis adjustment for loans designated in fair value hedges under the portfolio layer method. As of March 31, 2024, the basis adjustment totaled $209 thousand and represents an increase to the amortized cost of the hedged loans. See “ Note 8. Derivative Instruments and Hedging Activities ” for additional information. December 31, 2023 Term Loans and Leases by Origination Year 2023 2022 2021 2020 2019 Prior Total Unsecured personal Current $ 1,498,737 $ 1,688,512 $ 438,296 $ — $ — $ — $ 3,625,545 30-59 days past due 9,034 17,017 6,665 — — — 32,716 60-89 days past due 7,767 15,538 6,251 — — — 29,556 90 or more days past due 6,924 16,564 6,644 — — — 30,132 Total unsecured personal (1) 1,522,462 1,737,631 457,856 — — — 3,717,949 Residential mortgages Current 53 48,473 54,855 29,960 18,917 29,041 181,299 30-59 days past due — — — — 1,331 420 1,751 60-89 days past due — — — — — — — 90 or more days past due — — — — — — — Total residential mortgages 53 48,473 54,855 29,960 20,248 29,461 183,050 Secured consumer Current 125,618 97,084 21,949 — 2,460 — 247,111 30-59 days past due 364 1,295 417 — — — 2,076 60-89 days past due 94 373 168 — — — 635 90 or more days past due — 153 64 — — — 217 Total secured consumer 126,076 98,905 22,598 — 2,460 — 250,039 Total consumer loans held for investment $ 1,648,591 $ 1,885,009 $ 535,309 $ 29,960 $ 22,708 $ 29,461 $ 4,151,038 (1) Excludes cumulative basis adjustment for loans designated in fair value hedges under the portfolio layer method. As of December 31, 2023, the basis adjustment totaled $8.9 million and represents an increase to the amortized cost of the hedged loans. See “ Note 8. Derivative Instruments and Hedging Activities ” for additional information. The following tables present the classes of financing receivables within the commercial portfolio segment by risk rating and origination year: March 31, 2024 Term Loans and Leases by Origination Year 2024 2023 2022 2021 2020 Prior Total Guaranteed Amount (1) Equipment finance Pass $ — $ 2,594 $ 31,123 $ 23,762 $ 7,104 $ 15,198 $ 79,781 $ — Special mention — — 14,877 1,586 5,658 — 22,121 — Substandard — — — — — — — — Doubtful — — — — — — — — Loss — — — — — — — — Total equipment finance — 2,594 46,000 25,348 12,762 15,198 101,902 — Commercial real estate Pass 6,868 54,516 92,574 24,953 41,839 125,081 345,831 31,804 Special mention — — — 362 562 14,044 14,968 421 Substandard — — 447 7,933 — 2,122 10,502 7,090 Doubtful — — — — — — — — Loss — — 2,703 1,515 — 503 4,721 3,980 Total commercial real estate 6,868 54,516 95,724 34,763 42,401 141,750 376,022 43,295 Commercial and industrial Pass 4,061 42,413 53,137 34,515 8,732 20,280 163,138 101,158 Special mention — — 4,375 1,956 719 273 7,323 2,779 Substandard — — 12,225 5,957 652 1,966 20,800 15,143 Doubtful — — 2,225 — 527 285 3,037 2,315 Loss — — 552 — — 1,251 1,803 1,781 Total commercial and industrial 4,061 42,413 72,514 42,428 10,630 24,055 196,101 123,176 Total commercial loans and leases held for investment $ 10,929 $ 99,523 $ 214,238 $ 102,539 $ 65,793 $ 181,003 $ 674,025 $ 166,471 (1) Represents loan balances guaranteed by the Small Business Association (SBA). December 31, 2023 Term Loans and Leases by Origination Year 2023 2022 2021 2020 2019 Prior Total Guaranteed Amount (1) Equipment finance Pass $ 2,945 $ 33,430 $ 26,311 $ 7,754 $ 9,411 $ 6,288 $ 86,139 $ — Special mention — 15,235 1,962 5,873 1,335 — 24,405 — Substandard — — — 448 — — 448 — Doubtful — — — — — — — — Loss — — — — — — — — Total equipment finance 2,945 48,665 28,273 14,075 10,746 6,288 110,992 — Commercial real estate Pass 49,067 94,247 34,535 43,058 52,160 78,062 351,129 33,423 Special mention — — — — — 13,706 13,706 — Substandard — 3,598 7,716 — — 2,139 13,453 9,425 Doubtful — — — — — — — — Loss — — 1,515 — — 519 2,034 1,471 Total commercial real estate 49,067 97,845 43,766 43,058 52,160 94,426 380,322 44,319 Commercial and industrial Pass 40,636 60,352 39,304 9,525 10,282 11,626 171,725 104,928 Special mention — 10,881 1,532 729 137 444 13,723 9,384 Substandard — 2,304 5,426 673 1,045 1,434 10,882 6,908 Doubtful — 649 — 548 — 286 1,483 1,214 Loss — — — — — 1,256 1,256 1,229 Total commercial and industrial 40,636 74,186 46,262 11,475 11,464 15,046 199,069 123,663 Total commercial loans and leases held for investment $ 92,648 $ 220,696 $ 118,301 $ 68,608 $ 74,370 $ 115,760 $ 690,383 $ 167,982 (1) Represents loan balances guaranteed by the SBA.
Schedule of Past Due Financing Receivables	The following tables present an analysis of the past due loans and leases HFI at amortized cost within the commercial portfolio segment: March 31, 2024 30-59 60-89 90 or More Total Days Past Due Guaranteed Amount (1) Equipment finance $ 1,461 $ — $ — $ 1,461 $ — Commercial real estate 4,335 400 4,321 9,056 7,755 Commercial and industrial 1,595 8,518 4,687 14,800 11,185 Total commercial loans and leases held for investment $ 7,391 $ 8,918 $ 9,008 $ 25,317 $ 18,940 December 31, 2023 30-59 60-89 90 or More Total Days Past Due Guaranteed Amount (1) Equipment finance $ 1,265 $ — $ — $ 1,265 $ — Commercial real estate — 3,566 1,618 5,184 4,047 Commercial and industrial 12,261 1,632 1,515 15,408 11,260 Total commercial loans and leases held for investment $ 13,526 $ 5,198 $ 3,133 $ 21,857 $ 15,307 (1) Represents loan balances guaranteed by the SBA. The following table presents nonaccrual loans and leases: March 31, 2024 December 31, 2023 Nonaccrual Nonaccrual with no related ACL (1) Nonaccrual Nonaccrual with no related ACL (1) Unsecured personal $ 26,383 $ — $ 30,132 $ — Residential mortgages 310 310 312 312 Secured consumer 243 — 217 — Total nonaccrual consumer loans held for investment 26,936 310 30,661 312 Equipment finance — — — — Commercial real estate 9,115 4,167 9,663 2,187 Commercial and industrial 9,256 3,082 4,058 1,590 Total nonaccrual commercial loans and leases held for investment (2) 18,371 7,249 13,721 3,777 Total nonaccrual loans and leases held for investment $ 45,307 $ 7,559 $ 44,382 $ 4,089 (1) Subset of total nonaccrual loans and leases. (2) Includes $15.0 million and $10.4 million in loan balances guaranteed by the SBA as of March 31, 2024 and December 31, 2023, respectively. March 31, 2024 December 31, 2023 Nonaccrual Nonaccrual Ratios (1) Nonaccrual Nonaccrual Ratios (1) Total nonaccrual consumer loans held for investment $ 26,936 0.7 % $ 30,661 0.7 % Total nonaccrual commercial loans and leases held for investment 18,371 2.7 % 13,721 2.0 % Total nonaccrual loans and leases held for investment $ 45,307 1.0 % $ 44,382 0.9 % (1) Calculated as the ratio of nonaccruing loans and leases to loans and leases HFI at amortized cost.
Schedule of Loan Modifications	The table below presents the amortized cost of loans that were modified during the periods presented, by modification type: Three Months Ended March 31, 2024 2023 Short-term payment reduction $ 14,191 $ 144 Permanent loan modification 1,645 475 Debt settlement 6,366 4,818 Total loan modifications – unsecured personal loans $ 22,202 $ 5,437 % of unsecured personal loans at amortized cost as of period end 0.7 % 0.1 % The following table presents the delinquency status of the amortized cost of loan modifications as of the periods presented below that were modified during the preceding twelve months: March 31, 2024 March 31, 2023 (1) Short-term Payment Reduction Permanent Loan Modification Debt Settlement Short-term Payment Reduction Permanent Loan Modification Debt Settlement Unsecured personal loans Current $ 16,509 $ 3,905 $ 127 $ 144 $ 475 $ 19 30-59 days 845 127 62 — — 14 60-89 days 716 81 475 — — 1,388 90 or more days 305 202 5,979 — — 3,397 Total loan modifications $ 18,375 $ 4,315 $ 6,643 $ 144 $ 475 $ 4,818 (1) Reflects the delinquency status of the amortized cost of loan modifications that were modified during the preceding three months, as the associated ASU 2022-02 was adopted prospectively on January 1, 2023.
Schedule of Charge-Offs for Loan Modifications	The table below presents the total amount of charge-offs during the period for loan modifications that were entered into within the preceding twelve months of charge-off: Three Months Ended March 31, 2024 2023 (1) Short-term payment reduction $ 193 $ — Permanent loan modification 439 27 Debt settlement 21,775 5,707 Total loan modifications – unsecured personal loans $ 22,407 $ 5,734 (1) Reflects total amount of charge-offs during the period for loan modifications that were entered into within the preceding three months of charge-off, as the associated ASU 2022-02 was adopted prospectively on January 1, 2023.

Securitizations and Variable _2

Securitizations and Variable Interest Entities (Tables)	3 Months Ended
	Mar. 31, 2024
Transfers and Servicing [Abstract]
Schedule of Select Information Related to VIEs	The following table presents the classifications of assets and liabilities on the Company’s Balance Sheet for its transactions with consolidated and unconsolidated VIEs. The Company’s transactions with VIEs include Structured Program transactions. The Company has also various forms of involvement with VIEs, including servicing loans and holding senior asset-backed securities or subordinated interests in the VIEs. Additionally, the carrying amount of assets and liabilities in the table below exclude intercompany balances that were eliminated in consolidation. March 31, 2024 December 31, 2023 Consolidated Unconsolidated Total Consolidated Unconsolidated Total Assets Restricted cash $ 3,163 $ — $ 3,163 $ 3,454 $ — $ 3,454 Securities available for sale at fair value — 1,869,125 1,869,125 — 1,249,796 1,249,796 Loans held for investment at fair value (1) 234 — 234 970 — 970 Other assets 11 40,044 40,055 14 31,531 31,545 Total assets $ 3,408 $ 1,909,169 $ 1,912,577 $ 4,438 $ 1,281,327 $ 1,285,765 Liabilities Borrowings (1) 1,894 — 1,894 2,888 — 2,888 Other liabilities 2 4,049 4,051 4 3,301 3,305 Total liabilities $ 1,896 $ 4,049 $ 5,945 $ 2,892 $ 3,301 $ 6,193 Total net assets (maximum loss exposure) $ 1,512 $ 1,905,120 $ 1,906,632 $ 1,546 $ 1,278,026 $ 1,279,572 (1) Prior period amounts have been reclassified to conform to the current period presentation. The following table summarizes activity related to unconsolidated VIEs where the transfers were accounted for as a sale on the Company’s financial statements: Three Months Ended 2024 Fair value of consideration received: Cash $ 93,644 Securities retained from Structured Program transactions 738,976 Other assets, net 9,733 Total consideration 842,353 Fair value of loans sold (833,776) Gain on sales of loans (1) $ 8,577 Cash proceeds from continuing involvement: Servicing and other administrative fees $ 4,723 Interest received on securities retained from Structured Program transactions $ 29,663 (1) Consists primarily of servicing assets recognized at the time of sale, less any transaction costs, and excludes origination fees and fair value adjustments recognized prior to the sale.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2024
Fair Value Disclosures [Abstract]
Schedule of Fair Value Hierarchy of Assets and Liabilities Measured on a Recurring Basis	The following tables present, by level within the fair value hierarchy, the Company’s assets and liabilities measured at fair value on a recurring basis: March 31, 2024 Level 1 Level 2 Level 3 Balance at Assets: Loans held for sale at fair value $ — $ — $ 550,415 $ 550,415 Loans held for investment at fair value — — 427,396 427,396 Securities available for sale: Senior asset-backed securities related to Structured Program transactions — — 1,765,259 1,765,259 U.S. agency residential mortgage-backed securities — 216,427 — 216,427 Other asset-backed securities related to Structured Program transactions — — 103,866 103,866 U.S. agency securities — 79,252 — 79,252 Mortgage-backed securities — 36,382 — 36,382 Other asset-backed securities — 24,800 — 24,800 Municipal securities — 2,514 — 2,514 Total securities available for sale — 359,375 1,869,125 2,228,500 Servicing assets — — 71,830 71,830 Other assets — 4,156 — 4,156 Total assets $ — $ 363,531 $ 2,918,766 $ 3,282,297 Liabilities: Borrowings — — 8,643 8,643 Other liabilities — 4,351 8,817 13,168 Total liabilities $ — $ 4,351 $ 17,460 $ 21,811 December 31, 2023 Level 1 Level 2 Level 3 Balance at Assets: Loans held for sale at fair value $ — $ — $ 407,773 $ 407,773 Loans held for investment at fair value (1) — — 272,678 272,678 Securities available for sale: Senior asset-backed securities related to Structured Program transactions — — 1,176,403 1,176,403 U.S. agency residential mortgage-backed securities — 224,596 — 224,596 U.S. agency securities — 80,104 — 80,104 Other asset-backed securities related to Structured Program transactions — — 73,393 73,393 Mortgage-backed securities — 37,076 — 37,076 Other asset-backed securities — 26,101 — 26,101 Municipal securities — 2,589 — 2,589 Total securities available for sale — 370,466 1,249,796 1,620,262 Servicing assets — — 77,680 77,680 Other assets — 3,525 — 3,525 Total assets $ — $ 373,991 $ 2,007,927 $ 2,381,918 Liabilities: Borrowings (1) — — 12,956 12,956 Other liabilities — 12,072 7,655 19,727 Total liabilities $ — $ 12,072 $ 20,611 $ 32,683 (1) Prior period amounts have been reclassified to conform to the current period presentation.
Schedule of Quantitative Information about Significant Unobservable Inputs Used for Fair Value Measurements	The following significant unobservable inputs were used in the fair value measurement of loans HFS: March 31, 2024 December 31, 2023 Minimum Maximum Weighted- Average Minimum Maximum Weighted- Average Discount rate 7.3 % 10.0 % 8.5 % 8.1 % 10.3 % 9.0 % Annualized net charge-off rate (1) 3.8 % 11.8 % 6.8 % 2.7 % 12.9 % 6.5 % Annualized prepayment rate (1) 15.7 % 22.4 % 19.6 % 15.7 % 22.5 % 19.9 % (1) The weighted-average rate is calculated using the original principal balance of each loan pool. The following significant unobservable inputs were used in the fair value measurement of loans HFI: March 31, 2024 December 31, 2023 Minimum Maximum Weighted- Average Minimum Maximum Weighted- Average Discount rate 6.7 % 24.3 % 12.7 % 8.4 % 16.2 % 12.8 % Annualized net charge-off rate (1) 2.7 % 21.0 % 6.5 % 1.9 % 5.9 % 3.7 % Annualized prepayment rate (1) 17.1 % 26.3 % 21.3 % 18.6 % 27.7 % 22.6 % (1) The weighted-average rate is calculated using the original principal balance of each the loan pool. The following significant unobservable inputs were used in the fair value measurement of other asset-backed securities related to Structured Program transactions: March 31, 2024 December 31, 2023 Minimum Maximum Weighted- Minimum Maximum Weighted- Discount rates 7.3 % 10.0 % 8.4 % 8.1 % 10.3 % 9.0 % Annualized net charge-off rate (1) 4.8 % 5.9 % 5.5 % 4.9 % 5.9 % 5.5 % Annualized prepayment rate (1) 18.2 % 20.1 % 19.7 % 19.2 % 21.0 % 20.1 % (1) The weighted-average rate is calculated using the original principal balance of each security. The following significant unobservable inputs were used in the fair value measurement for servicing assets related to loans sold to investors: March 31, 2024 December 31, 2023 Minimum Maximum Weighted- Minimum Maximum Weighted- Discount rate 8.7 % 17.3 % 11.1 % 8.7 % 17.3 % 11.3 % Annualized net charge-off rate (1) 1.9 % 23.8 % 8.6 % 1.9 % 24.0 % 8.7 % Annualized prepayment rate (1) 15.7 % 25.8 % 19.8 % 15.6 % 25.7 % 20.3 % Market servicing rate (2) 0.62 % 0.62 % 0.62 % 0.62 % 0.62 % 0.62 % (1) The weighted-average rate is calculated using the original principal balance of each loan pool. (2) The fees a willing market participant would require for the servicing of loans with similar characteristics as those in the Company’s serviced portfolio.
Schedule of Fair Value Sensitivity of Loans	The sensitivity of loans HFS at fair value to adverse changes in key assumptions was as follows: March 31, 2024 December 31, 2023 Loans held for sale at fair value $ 550,415 $ 407,773 Expected remaining weighted-average life (in years) 1.5 1.5 Discount rate: 100 basis point increase $ (7,305) $ (5,093) 200 basis point increase $ (14,103) $ (10,051) Annualized net charge-off rate: 10% increase $ (6,628) $ (5,102) 20% increase $ (13,055) $ (10,184) Annualized prepayment rate: 10% increase $ (1,339) $ (851) 20% increase $ (2,383) $ (1,628) The sensitivity of loans HFI at fair value to adverse changes in key assumptions was as follows: March 31, 2024 December 31, 2023 Loans held for investment at fair value $ 420,393 $ 262,190 Expected remaining weighted-average life (in years) 0.9 0.9 Discount rate: 100 basis point increase $ (3,201) $ (1,957) 200 basis point increase $ (6,359) $ (3,888) Annualized net charge-off rate: 10% increase $ (3,275) $ (1,753) 20% increase $ (6,717) $ (3,595) Annualized prepayment rate: 10% increase $ (1,343) $ (857) 20% increase $ (2,926) $ (1,675)
Schedule of Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation	The following table presents loans HFS at fair value activity: Three Months Ended 2024 2023 Fair value at beginning of period $ 407,773 $ 110,400 Originations and purchases 1,282,250 1,205,029 Sales (1,059,648) (1,247,246) Principal payments (34,272) (6,465) Fair value adjustments recorded in earnings (45,688) (17,071) Fair value at end of period $ 550,415 $ 44,647 The following table presents loans HFI at fair value activity: Three Months Ended 2024 2023 Fair value at beginning of period $ 262,190 $ 925,938 Purchases 220,564 4,037 Principal payments (63,926) (186,451) Interest income accretion and fair value adjustments recorded in earnings 1,565 5,094 Fair value at end of period $ 420,393 $ 748,618 The following table presents senior asset-backed securities related to Structured Program transactions activity: Three Months Ended March 31, 2024 Fair value at beginning of period $ 1,176,403 Additions 697,347 Cash received (106,474) Change in unrealized loss (2,017) Fair value at end of period $ 1,765,259 The following table presents other asset-backed securities related to Structured Program transactions activity: Three Months Ended March 31, 2024 2023 Fair value at beginning of period $ 73,393 $ 12,469 Additions 42,738 113 Cash received (9,331) (2,185) Credit loss expense for securities available for sale (2,892) — Change in unrealized loss (42) — Fair value at end of period $ 103,866 $ 10,397 The following table presents servicing assets activity: Three Months Ended March 31, 2024 2023 Fair value at beginning of period $ 77,680 $ 84,308 Issuances (1) 13,578 14,125 Change in fair value, included in Marketplace revenue (19,428) (12,576) Other net changes — 3,384 Fair value at end of period $ 71,830 $ 89,241 (1) Represents the servicing assets recorded when the loans are sold. Included in “Gains on sales of loans” within “Marketplace revenue” on the Income Statement.
Schedule of Components of Portfolio Segment by Class of Financing Receivable	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, 2024 December 31, 2023 Unsecured personal $ 3,397,853 $ 3,726,830 Residential mortgages 180,697 183,050 Secured consumer 253,241 250,039 Total consumer loans held for investment 3,831,791 4,159,919 Equipment finance (1) 101,902 110,992 Commercial real estate 376,022 380,322 Commercial and industrial 196,101 199,069 Total commercial loans and leases held for investment 674,025 690,383 Total loans and leases held for investment 4,505,816 4,850,302 Allowance for loan and lease losses (259,150) (310,387) Loans and leases held for investment, net (2) $ 4,246,666 $ 4,539,915 (1) Comprised of sales-type leases for equipment. See “ Note 17. Leases ” for additional information. (2) As of March 31, 2024 and December 31, 2023, the Company had $3.0 billion and $3.5 billion in loans pledged as collateral under the Federal Reserve Bank (FRB) Discount Window, respectively. In addition, as of March 31, 2024 and December 31, 2023 , the Company had $479.6 million and $479.0 million in loans pledged to the Federal Home Loan Bank ( FHLB) of Des Moines, respectively. The following table presents the components of the allowance for loan and lease losses: March 31, 2024 December 31, 2023 Gross allowance for loan and lease losses (1) $ 311,794 $ 355,773 Recovery asset value (2) (52,644) (45,386) Allowance for loan and lease losses $ 259,150 $ 310,387 (1) Represents the allowance for future estimated net charge-offs on existing portfolio balances. (2) Represents the negative allowance for expected recoveries of amounts previously charged-off. March 31, 2024 Consumer Commercial Total Loans and leases held for investment $ 3,831,791 674,025 $ 4,505,816 Allowance for loan and lease losses $ 246,280 12,870 $ 259,150 Allowance ratio (1) 6.4 % 1.9 % 5.8 % Gross allowance for loan and lease losses $ 298,924 12,870 $ 311,794 Gross allowance ratio (1) 7.8 % 1.9 % 6.9 % December 31, 2023 Consumer Commercial Total Loans and leases held for investment $ 4,159,919 690,383 $ 4,850,302 Allowance for loan and lease losses $ 298,061 12,326 310,387 Allowance ratio (1) 7.2 % 1.8 % 6.4 % Gross allowance for loan and lease losses $ 343,447 12,326 $ 355,773 Gross allowance ratio (1) 8.3 % 1.8 % 7.3 % (1) Calculated as ALLL or gross ALLL, where applicable, to the corresponding portfolio segment balance of loans and leases held for investment at amortized cost. The following table summarizes the aggregate fair value of the Company’s HFS loans, as well as the amount that was 90 days or more past due: March 31, 2024 December 31, 2023 Total 90 or more Total 90 or more Aggregate unpaid principal balance $ 577,259 $ 1,672 $ 431,955 $ 1,395 Cumulative fair value adjustments (26,844) (1,342) (24,182) (1,102) Fair value of loans held for sale $ 550,415 $ 330 $ 407,773 $ 293 The following table summarizes the aggregate fair value of the Company’s HFI loans held at fair value, as well as the amount that was 90 days or more past due: March 31, 2024 December 31, 2023 Total 90 or more Total 90 or more Aggregate unpaid principal balance $ 448,233 $ 2,534 $ 281,031 $ 3,774 Cumulative fair value adjustments (27,840) (2,034) (18,841) (3,037) Fair value of loans held for investment $ 420,393 $ 500 $ 262,190 $ 737
Schedule of Sensitivity Analysis of Debt Securities Available-for-Sale	The sensitivity in the fair value of senior asset-backed securities related to Structured Program transactions to adverse changes in key assumptions was as follows: March 31, 2024 December 31, 2023 Fair value of interests held $ 1,765,259 $ 1,176,403 Expected remaining weighted-average life (in years) 1.5 1.5 Discount rate: 100 basis point increase $ (26,006) $ (18,016) 200 basis point increase $ (52,013) $ (36,033) The sensitivity in the fair value of other asset-backed securities related to Structured Program transactions to adverse changes in key assumptions was as follows: March 31, 2024 December 31, 2023 Fair value of interests held $ 103,866 $ 73,393 Expected remaining weighted-average life (in years) 1.4 1.5 Discount rate: 100 basis point increase $ (1,300) $ (927) 200 basis point increase $ (2,557) $ (1,836) Annualized net charge-off rate: 10% increase $ (1,169) $ (882) 20% increase $ (2,340) $ (1,771) Annualized prepayment rate: 10% increase $ (236) $ (203) 20% increase $ (468) $ (430)
Schedule of Fair Value Sensitivity of Servicing Assets	The sensitivity of the fair value of servicing assets to adverse changes in key assumptions was as follows: March 31, 2024 December 31, 2023 Fair value of servicing assets $ 71,830 $ 77,680 Expected remaining weighted-average life (in years) 1.2 1.2 Discount rate: 100 basis point increase $ (625) $ (675) 200 basis point increase $ (1,251) $ (1,349) Annualized net charge-off rate: 10% increase $ (755) $ (878) 20% increase $ (1,509) $ (1,756) Annualized prepayment rate: 10% increase $ (1,459) $ (1,550) 20% increase $ (2,918) $ (3,100)
Schedule of 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, 2024 December 31, 2023 Weighted-average market servicing rate assumptions 0.62 % 0.62 % Change in fair value from: Servicing rate increase by 0.10% $ (8,096) $ (8,719) Servicing rate decrease by 0.10% $ 8,096 $ 8,719
Schedule of Fair Value, by Balance Sheet Grouping	The following tables present the carrying amount and estimated fair values, by level within the fair value hierarchy, of the Company’s assets, and liabilities that are not recorded at fair value on a recurring basis: March 31, 2024 Carrying Amount Level 1 Level 2 Level 3 Balance at Assets: Loans and leases held for investment, net $ 4,246,666 $ — $ — $ 4,389,732 $ 4,389,732 Other assets 37,793 — 37,184 964 38,148 Total assets $ 4,284,459 $ — $ 37,184 $ 4,390,696 $ 4,427,880 Liabilities: Deposits (1) $ 1,544,037 $ — $ — $ 1,544,037 $ 1,544,037 Borrowings 253,907 — 250,000 3,907 253,907 Other liabilities 53,325 — 31,855 21,470 53,325 Total liabilities $ 1,851,269 $ — $ 281,855 $ 1,569,414 $ 1,851,269 December 31, 2023 Carrying Amount Level 1 Level 2 Level 3 Balance at Assets: Loans and leases held for investment, net $ 4,539,915 $ — $ — $ 4,675,354 $ 4,675,354 Other assets 37,605 — 36,884 1,017 37,901 Total assets $ 4,577,520 $ — $ 36,884 $ 4,676,371 $ 4,713,255 Liabilities: Deposits (1) $ 1,714,889 $ — $ — $ 1,714,203 $ 1,714,203 Borrowings 6,398 — — 6,398 6,398 Other liabilities 59,015 — 36,823 22,192 59,015 Total liabilities $ 1,780,302 $ — $ 36,823 $ 1,742,793 $ 1,779,616 (1) Excludes deposit liabilities with no defined or contractual maturities.

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Tables)	3 Months Ended
	Mar. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Disclosure of Credit Derivatives	The table below presents the notional and gross fair value amounts of the Company’s credit derivatives: March 31, 2024 December 31, 2023 Notional (1) Gross Derivative Liability Fair Value (2) Notional (1) Gross Derivative Liability Fair Value (2) Credit derivatives $ 8,748 $ (7,786) $ 7,307 $ (6,372) (1) Represents the maximum dollar exposure. (2) The fair value is based on the combined impact of both the quantitative and qualitative credit loss forecast.
Schedule of Notional and Gross Fair Value Amounts of Derivatives used for Hedging	The table below presents the notional and gross fair value amounts of the Company’s derivatives used for hedging: March 31, 2024 December 31, 2023 Notional Gross Derivative Liability Fair Value (1) Notional Gross Derivative Liability Fair Value (1) Derivatives used for hedging: Interest rate swaps $ 1,500,000 $ (195) $ 1,500,000 $ (8,547) (1) Recorded in “Other liabilities” on the Balance Sheet.
Schedule of Gains (Losses) Related to Fair Value Hedges	The following table summarizes the gains (losses) recognized on the Company’s fair value hedges: Three Months Ended March 31, 2024 Gains (losses) recognized on: Hedged item $ (8,672) Derivatives used for hedging 8,352 Interest settlement on derivative (1) 1,373 Total gains on fair value hedges (2) $ 1,053 (1) Includes accrued interest receivable and accrued interest payable. (2) Recorded in “Interest and fees on loans held for investment” on the Income Statement.
Schedule of Cumulative Basis Adjustments for Fair Value Hedges	The following table presents the cumulative basis adjustments for fair value hedges: March 31, 2024 December 31, 2023 Balance Sheet Line Item Carrying Amount of Closed Portfolio (1) Cumulative Fair Value Adjustment to Hedged Item Carrying Amount of Closed Portfolio (1) Cumulative Fair Value Adjustment to Hedged Item Loans and leases held for investment at amortized cost $ 2,613,869 $ 209 $ 3,109,854 $ 8,881 (1) Represents the amortized cost of the total closed portfolio of loans designated in a portfolio method hedge relationship in which the hedged item is a stated layer that is expected to be remaining at the end of the hedging relationship. At March 31, 2024 and December 31, 2023, the amortized cost of loans designated as the hedged item in the portfolio layer hedging relationship was $1.5 billion.

Property, Equipment and Softw_2

Property, Equipment and Software, Net (Tables)	3 Months Ended
	Mar. 31, 2024
Property, Plant and Equipment [Abstract]
Schedule of Property, Equipment and Software, Net	Property, equipment and software, net, consist of the following: March 31, 2024 December 31, 2023 Software (1) $ 222,690 $ 209,260 Leasehold improvements 30,699 30,764 Computer equipment 21,645 21,654 Furniture and fixtures 5,554 5,845 Total property, equipment and software 280,588 267,523 Accumulated depreciation and amortization (116,956) (106,006) Total property, equipment and software, net $ 163,632 $ 161,517 (1) Includes $58.3 million and $66.9 million of development in progress for internally-developed software and $4.3 million and $4.6 million of development in progress to customize purchased software as of March 31, 2024 and December 31, 2023, respectively.

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2024
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, 2024 December 31, 2023 Gross carrying value $ 54,500 $ 54,500 Accumulated amortization (43,335) (42,365) Net carrying value $ 11,165 $ 12,135
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	The expected future amortization expense for intangible assets as of March 31, 2024, is as follows: 2024 $ 2,579 2025 2,901 2026 2,252 2027 1,603 2028 945 Thereafter 885 Total $ 11,165

Other Assets (Tables)

Other Assets (Tables)	3 Months Ended
	Mar. 31, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Other Assets	Other assets consist of the following: March 31, 2024 December 31, 2023 Deferred tax assets, net (1) $ 149,669 $ 151,411 Servicing assets (2) 72,440 78,401 Nonmarketable equity investments 55,047 42,891 Accrued interest receivable 38,153 35,793 Operating lease assets 24,824 26,611 Intangible assets, net (3) 11,165 12,135 Other 98,844 108,211 Total other assets $ 450,142 $ 455,453 (1) See “ Note 16. Income Taxes ” for additional detail. (2) Loans underlying servicing assets had a total outstanding principal balance of $8.8 billion and $9.5 billion as of March 31, 2024 and December 31, 2023, respectively. (3) See “ Note 10. Goodwill and Intangible Assets ” for additional detail.

Deposits (Tables)

Deposits (Tables)	3 Months Ended
	Mar. 31, 2024
Other Liabilities Disclosure [Abstract]
Schedule of Deposits	Deposits consist of the following: March 31, 2024 December 31, 2023 Interest-bearing deposits: Savings and money market accounts $ 4,695,523 $ 4,349,239 Certificates of deposit 1,544,037 1,714,889 Checking accounts 974,469 937,552 Total 7,214,029 7,001,680 Noninterest-bearing deposits 307,626 331,806 Total deposits $ 7,521,655 $ 7,333,486 Total certificates of deposit at March 31, 2024 are scheduled to mature as follows: 2024 $ 1,248,282 2025 278,179 2026 3,544 2027 10,099 2028 2,019 Thereafter 1,914 Total certificates of deposit $ 1,544,037 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, 2024: Three months or less Over 3 months through Over 6 months through Over Total Certificates of deposit $ 8,490 $ 48,036 $ 119,352 $ 6,774 $ 182,652

Borrowings (Tables)

Borrowings (Tables)	3 Months Ended
	Mar. 31, 2024
Debt Disclosure [Abstract]
Schedule of Long-Term Debt	The following table summarizes the Company’s available borrowing capacity and the related pledged collateral: March 31, 2024 December 31, 2023 Available Borrowing Capacity Pledged Collateral Available Borrowing Capacity Pledged Collateral FRB Discount Window $ 2,490,762 $ 3,028,916 $ 2,816,501 $ 3,507,541 FHLB of Des Moines (1) 400,560 828,432 661,337 838,511 Total $ 2,891,322 $ 3,857,348 $ 3,477,838 $ 4,346,052 (1) The reduction in available borrowing capacity as of March 31, 2024 compared to December 31, 2023 was primarily due to a $250 million short-term borrowing from the FHLB of Des Moines. The following table summarizes the components of the Company’s long-term debt, as of the dates indicated: March 31, 2024 December 31, 2023 Advances from PPPLF (1) : Aggregate debt outstanding (fixed interest rate of 0.35%) $ 3,907 $ 6,398 Pledged collateral $ 3,590 $ 6,392 Retail notes and certificates (2) : Aggregate debt outstanding $ 7,003 $ 10,488 Payable on Structured Program borrowings (3) : Aggregate debt outstanding $ 1,640 $ 2,468 Pledged collateral $ 3,071 $ 3,930 (1) Collateralized by SBA Paycheck Protection Program (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 “Restricted cash” of $3.1 million as of March 31, 2024 and by “Loans held for investment at fair value” of $0.5 million and “Restricted cash” of $3.4 million as of December 31, 2023.

Other Liabilities (Tables)

Other Liabilities (Tables)	3 Months Ended
	Mar. 31, 2024
Payables and Accruals [Abstract]
Schedule of Other Liabilities	Other liabilities consist of the following: March 31, 2024 December 31, 2023 Accounts payable and accrued expenses $ 46,306 $ 54,619 Operating lease liabilities 35,138 37,869 Payable to investors (1) 31,855 36,823 Other 81,038 93,490 Total other liabilities $ 194,337 $ 222,801 (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, 2024
Postemployment Benefits [Abstract]
Schedule of 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 2024 2023 RSUs $ 11,982 $ 13,590 PBRSUs 1,617 702 Stock-based compensation expense, gross 13,599 14,292 Less: Capitalized stock-based compensation expense 2,055 2,404 Stock-based compensation expense, net $ 11,544 $ 11,888
Schedule of RSU Activity	The following table summarizes the Company’s RSU activity: Number Weighted- Unvested at December 31, 2023 6,999,831 $ 9.42 Granted 3,541,491 $ 8.55 Vested (1,266,737) $ 10.38 Forfeited/expired (110,402) $ 9.04 Unvested at March 31, 2024 9,164,183 $ 8.96
Schedule of PBRSU Activity	The following table summarizes the Company’s PBRSU activity: Number Weighted- Unvested at December 31, 2023 1,469,813 $ 12.60 Granted 462,060 $ 8.59 Forfeited/expired (364,970) $ 24.54 Unvested at March 31, 2024 1,566,903 $ 8.64

Income Taxes (Tables)

Income Taxes (Tables)	3 Months Ended
	Mar. 31, 2024
Income Tax Disclosure [Abstract]
Schedule of Deferred Tax Assets	The following table summarizes the Company’s net deferred tax assets: March 31, 2024 December 31, 2023 Deferred tax assets, net of liabilities $ 195,777 $ 197,519 Valuation allowance (46,108) (46,108) Deferred tax assets, net of valuation allowance $ 149,669 $ 151,411

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2024
Leases [Abstract]
Schedule of Components of Equipment Finance Assets	The components of Equipment Finance assets are as follows: March 31, 2024 December 31, 2023 Lease receivables $ 82,710 $ 92,546 Unguaranteed residual asset values 28,489 28,913 Unearned income (9,840) (11,072) Deferred fees 543 605 Total $ 101,902 $ 110,992
Schedule of 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, 2024 were as follows: 2024 $ 28,281 2025 27,236 2026 16,408 2027 7,836 2028 4,057 Thereafter 1,549 Total lease payments $ 85,367 Discount effect (2,657) Present value of future minimum lease payments $ 82,710
Schedule of Supplemental Balance Sheet Information	Balance sheet information related to leases was as follows: ROU Assets and Lease Liabilities Balance Sheet Classification March 31, 2024 December 31, 2023 Operating lease assets Other assets $ 24,824 $ 26,611 Operating lease liabilities Other liabilities $ 35,138 $ 37,869
Schedule of Supplemental Cash Flow Information	Supplemental cash flow information related to the Company’s operating leases was as follows: Three Months Ended 2024 2023 Non-cash operating activity: Leased assets obtained or adjusted in exchange for new, amended, and modified operating lease liabilities (1) $ — $ (4,664) (1) Amounts include noncash remeasurements of the operating lease ROU asset.
Schedule of Future Minimum Undiscounted Lease Payments	The Company’s future minimum undiscounted lease payments under operating leases as of March 31, 2024 were as follows: Operating Lease 2024 $ 9,635 2025 13,129 2026 7,228 2027 4,265 2028 3,922 Thereafter 909 Total lease payments $ 39,088 Discount effect (3,950) Present value of future minimum lease payments $ 35,138
Schedule of 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, 2024 December 31, 2023 Weighted-average remaining lease term (in years) 3.51 3.72 Weighted-average discount rate 5.02 % 5.04 %

Regulatory Requirements (Tables

Regulatory Requirements (Tables)	3 Months Ended
	Mar. 31, 2024
Regulated Operations [Abstract]
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations	The following table summarizes the Company’s and LC Bank’s regulatory capital amounts (in millions) and ratios: March 31, 2024 December 31, 2023 Required Minimum plus Required CCB for Non-Leverage Ratios Amount Ratio Amount Ratio LendingClub Corporation: CET1 capital (1) $ 1,100.9 17.6 % $ 1,090.2 17.9 % 7.0 % Tier 1 capital $ 1,100.9 17.6 % $ 1,090.2 17.9 % 8.5 % Total capital $ 1,181.0 18.9 % $ 1,169.2 19.2 % 10.5 % Tier 1 leverage $ 1,100.9 12.5 % $ 1,090.2 12.9 % 4.0 % Risk-weighted assets $ 6,254.9 N/A $ 6,104.5 N/A N/A Quarterly adjusted average assets $ 8,799.8 N/A $ 8,476.1 N/A N/A LendingClub Bank: CET1 capital (1) $ 949.4 15.4 % $ 949.4 15.8 % 7.0 % Tier 1 capital $ 949.4 15.4 % $ 949.4 15.8 % 8.5 % Total capital $ 1,028.6 16.6 % $ 1,027.4 17.1 % 10.5 % Tier 1 leverage $ 949.4 11.0 % $ 949.4 11.4 % 4.0 % Risk-weighted assets $ 6,180.2 N/A $ 6,022.2 N/A N/A Quarterly adjusted average assets $ 8,666.7 N/A $ 8,337.4 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.

Segment Reporting (Tables)

Segment Reporting (Tables)	3 Months Ended
	Mar. 31, 2024
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, 2024 2023 2024 2023 2024 2023 2024 2023 Non-interest income: Marketplace revenue $ 38,515 $ 72,688 $ 9,828 $ 13,108 $ 7,548 $ 9,838 $ 55,891 $ 95,634 Other non-interest income 13,695 19,161 1,946 2,553 (13,732) (18,358) 1,909 3,356 Total non-interest income 52,210 91,849 11,774 15,661 (6,184) (8,520) 57,800 98,990 Interest income: Interest income 204,807 198,330 2,544 4,083 — — 207,351 202,413 Interest expense (84,123) (53,896) (340) (1,813) — — (84,463) (55,709) Net interest income 120,684 144,434 2,204 2,270 — — 122,888 146,704 Total net revenue 172,894 236,283 13,978 17,931 (6,184) (8,520) 180,688 245,694 Provision for credit losses (31,927) (70,584) — — — — (31,927) (70,584) Non-interest expense (126,496) (148,383) (11,921) (17,445) 6,184 8,520 (132,233) (157,308) Income before income tax benefit (expense) 14,471 17,316 2,057 486 — — 16,528 17,802 Income tax benefit (expense) (3,685) (4,256) (593) 120 — — (4,278) (4,136) Net income $ 10,786 $ 13,060 $ 1,464 $ 606 $ — $ — $ 12,250 $ 13,666 Capital expenditures $ 11,781 $ 16,398 $ — $ — $ — $ — $ 11,781 $ 16,398 Depreciation and amortization $ 10,166 $ 6,894 $ 2,507 $ 5,460 $ — $ — $ 12,673 $ 12,354 LendingClub Bank LendingClub Corporation Intercompany Consolidated Total March 31, 2024 December 31, 2023 March 31, 2024 December 31, 2023 March 31, 2024 December 31, 2023 March 31, 2024 December 31, 2023 Assets Total cash and cash equivalents $ 1,044,809 $ 1,230,206 $ 125,402 $ 110,273 $ (103,932) $ (87,975) $ 1,066,279 $ 1,252,504 Restricted cash — — 40,949 46,628 (4,868) (4,984) 36,081 41,644 Securities available for sale at fair value 2,227,233 1,617,309 1,267 2,953 — — 2,228,500 1,620,262 Loans held for sale at fair value 550,415 407,773 — — — — 550,415 407,773 Loans and leases held for investment, net 4,246,666 4,539,915 — — — — 4,246,666 4,539,915 Loans held for investment at fair value (1) 414,607 253,800 12,789 18,878 — — 427,396 272,678 Property, equipment and software, net 149,078 144,439 14,554 17,078 — — 163,632 161,517 Investment in subsidiary — — 829,172 816,703 (829,172) (816,703) — — Goodwill 75,717 75,717 — — — — 75,717 75,717 Other assets 350,509 341,680 116,012 131,135 (16,379) (17,362) 450,142 455,453 Total assets 9,059,034 8,610,839 1,140,145 1,143,648 (954,351) (927,024) 9,244,828 8,827,463 Liabilities and Equity Total deposits 7,630,455 7,426,445 — — (108,800) (92,959) 7,521,655 7,333,486 Borrowings (1) 253,907 6,398 8,643 12,956 — — 262,550 19,354 Other liabilities 133,229 154,077 77,487 86,086 (16,379) (17,362) 194,337 222,801 Total liabilities 8,017,591 7,586,920 86,130 99,042 (125,179) (110,321) 7,978,542 7,575,641 Total equity 1,041,443 1,023,919 1,054,015 1,044,606 (829,172) (816,703) 1,266,286 1,251,822 Total liabilities and equity $ 9,059,034 $ 8,610,839 $ 1,140,145 $ 1,143,648 $ (954,351) $ (927,024) $ 9,244,828 $ 8,827,463 (1) Prior period amounts have been reclassified to conform to the current period presentation.

Marketplace Revenue - Component

Marketplace Revenue - Components of Marketplace Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Disaggregation of Revenue [Line Items]
Gain on sales of loans	$ 10,909	$ 14,125
Net fair value adjustments	(44,689)	(15,414)
Total marketplace revenue	55,891	95,634
Origination fees
Disaggregation of Revenue [Line Items]
Revenue	70,079	70,543
Servicing fees
Disaggregation of Revenue [Line Items]
Revenue	$ 19,592	$ 26,380

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended
		Mar. 31, 2024	Mar. 31, 2023
Basic EPS:
Net income attributable to stockholders		$ 12,250	$ 13,666
Weighted-average common shares – Basic (in shares)	[1]	110,685,796	106,912,139
Basic EPS ($ per share)	[1]	$ 0.11	$ 0.13
Diluted EPS:
Net income attributable to stockholders		$ 12,250	$ 13,666
Weighted-average common shares – Diluted (in shares)	[1]	110,687,380	106,917,770
Diluted EPS ($ per share)	[1]	$ 0.11	$ 0.13
[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, 2024	Dec. 31, 2023
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 2,284,550	$ 1,663,990
Gross Unrealized Gains	10,478	13,896
Gross Unrealized Losses	(63,636)	(57,624)
Allowance for Credit Losses	(2,892)
Fair Value	2,228,500	1,620,262
Assets Pledged As Collateral
Debt Securities, Available-for-sale [Line Items]
Fair Value	348,800	359,500
Senior asset-backed securities related to Structured Program transactions
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	1,756,385	1,165,513
Gross Unrealized Gains	9,258	10,932
Gross Unrealized Losses	(384)	(42)
Allowance for Credit Losses	0
Fair Value	1,765,259	1,176,403
U.S. agency residential mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	258,373	261,885
Gross Unrealized Gains	90	208
Gross Unrealized Losses	(42,036)	(37,497)
Allowance for Credit Losses	0
Fair Value	216,427	224,596
U.S. agency securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	93,454	93,452
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(14,202)	(13,348)
Allowance for Credit Losses	0
Fair Value	79,252	80,104
Other asset-backed securities related to Structured Program transactions
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	105,658	70,662
Gross Unrealized Gains	1,100	2,731
Gross Unrealized Losses	0	0
Allowance for Credit Losses	(2,892)	0
Fair Value	103,866	73,393
Restricted investments	102,600	70,100
Mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	42,010	42,511
Gross Unrealized Gains	13	0
Gross Unrealized Losses	(5,641)	(5,435)
Allowance for Credit Losses	0
Fair Value	36,382	37,076
Other asset-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	25,418	26,710
Gross Unrealized Gains	17	25
Gross Unrealized Losses	(635)	(634)
Allowance for Credit Losses	0
Fair Value	24,800	26,101
Municipal securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	3,252	3,257
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(738)	(668)
Allowance for Credit Losses	0
Fair Value	$ 2,514	$ 2,589

Securities Available for Sale_2

Securities Available for Sale - Continuous Loss (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Schedule of Securities Available-for-sale [Line Items]
Fair Value, Less than 12 months	$ 375,789	$ 71,740
Unrealized Losses, Less than 12 months	(435)	(981)
Fair Value, 12 months or longer	327,942	315,760
Unrealized Losses, 12 months or longer	(63,201)	(56,643)
Fair Value	703,731	387,500
Unrealized Losses	(63,636)	(57,624)
Senior asset-backed securities related to Structured Program transactions
Schedule of Securities Available-for-sale [Line Items]
Fair Value, Less than 12 months	363,733	38,359
Unrealized Losses, Less than 12 months	(384)	(42)
Fair Value, 12 months or longer	0	0
Unrealized Losses, 12 months or longer	0	0
Fair Value	363,733	38,359
Unrealized Losses	(384)	(42)
U.S. agency residential mortgage-backed securities
Schedule of Securities Available-for-sale [Line Items]
Fair Value, Less than 12 months	3,977	6,497
Unrealized Losses, Less than 12 months	(20)	(149)
Fair Value, 12 months or longer	199,962	201,426
Unrealized Losses, 12 months or longer	(42,016)	(37,348)
Fair Value	203,939	207,923
Unrealized Losses	(42,036)	(37,497)
U.S. agency securities
Schedule of Securities Available-for-sale [Line Items]
Fair Value, Less than 12 months	2,994	0
Unrealized Losses, Less than 12 months	(6)	0
Fair Value, 12 months or longer	76,258	80,104
Unrealized Losses, 12 months or longer	(14,196)	(13,348)
Fair Value	79,252	80,104
Unrealized Losses	(14,202)	(13,348)
Mortgage-backed securities
Schedule of Securities Available-for-sale [Line Items]
Fair Value, Less than 12 months	0	13,973
Unrealized Losses, Less than 12 months	0	(740)
Fair Value, 12 months or longer	33,781	23,103
Unrealized Losses, 12 months or longer	(5,641)	(4,695)
Fair Value	33,781	37,076
Unrealized Losses	(5,641)	(5,435)
Other asset-backed securities
Schedule of Securities Available-for-sale [Line Items]
Fair Value, Less than 12 months	5,085	12,911
Unrealized Losses, Less than 12 months	(25)	(50)
Fair Value, 12 months or longer	15,427	8,538
Unrealized Losses, 12 months or longer	(610)	(584)
Fair Value	20,512	21,449
Unrealized Losses	(635)	(634)
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	2,514	2,589
Unrealized Losses, 12 months or longer	(738)	(668)
Fair Value	2,514	2,589
Unrealized Losses	$ (738)	$ (668)

Securities Available for Sale_3

Securities Available for Sale - Allowance for Credit Losses (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($)
Debt Securities, Available-for-sale, Allowance for Credit Loss [Roll Forward]
Ending balance as of March 31, 2024	$ 2,892
Other asset-backed securities related to Structured Program transactions
Debt Securities, Available-for-sale, Allowance for Credit Loss [Roll Forward]
Beginning balance as of December 31, 2023	0
Credit loss expense for securities available for sale	2,892
Ending balance as of March 31, 2024	$ 2,892

Securities Available for Sale_4

Securities Available for Sale - Maturities (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Amortized Cost
Amortized cost, due after 1 year through 5 years	$ 1,875,144
Amortized cost, due after 5 years through 10 years	41,202
Amortized cost, due after 10 years	368,204
Amortized Cost	2,284,550	$ 1,663,990
Fair Value
Fair value, due after 1 year through 5 years	1,881,649
Fair value, due after 5 years through 10 years	38,636
Fair value, due after 10 years	308,215
Fair Value	$ 2,228,500	1,620,262
Weighted-average yield, due after 1 year through 5 years	8.07%
Weighted-average yield, due after 5 years through 10 years	4.23%
Weighted-average yield, due after 10 years	2.83%
Weighted-average yield	7.02%
Senior asset-backed securities related to Structured Program transactions
Amortized Cost
Amortized cost, due after 1 year through 5 years	$ 1,756,385
Amortized Cost	1,756,385	1,165,513
Fair Value
Fair value, due after 1 year through 5 years	1,765,259
Fair Value	1,765,259	1,176,403
Other asset-backed securities related to Structured Program transactions
Amortized Cost
Amortized cost, due after 1 year through 5 years	105,658
Amortized Cost	105,658	70,662
Fair Value
Fair value, due after 1 year through 5 years	103,866
Fair Value	103,866	73,393
U.S. agency securities
Amortized Cost
Amortized cost, due after 1 year through 5 years	10,850
Amortized cost, due after 5 years through 10 years	19,998
Amortized cost, due after 10 years	62,606
Amortized Cost	93,454	93,452
Fair Value
Fair value, due after 1 year through 5 years	10,447
Fair value, due after 5 years through 10 years	18,134
Fair value, due after 10 years	50,671
Fair Value	79,252	80,104
Mortgage-backed securities
Amortized Cost
Amortized cost, due after 1 year through 5 years	1,694
Amortized cost, due after 5 years through 10 years	2,012
Amortized cost, due after 10 years	38,304
Amortized Cost	42,010	42,511
Fair Value
Fair value, due after 1 year through 5 years	1,534
Fair value, due after 5 years through 10 years	1,690
Fair value, due after 10 years	33,158
Fair Value	36,382	37,076
Other asset-backed securities
Amortized Cost
Amortized cost, due after 1 year through 5 years	400
Amortized cost, due after 5 years through 10 years	14,143
Amortized cost, due after 10 years	10,875
Amortized Cost	25,418	26,710
Fair Value
Fair value, due after 1 year through 5 years	402
Fair value, due after 5 years through 10 years	14,102
Fair value, due after 10 years	10,296
Fair Value	24,800	26,101
U.S. agency residential mortgage-backed securities
Amortized Cost
Amortized cost, due after 1 year through 5 years	3
Amortized cost, due after 5 years through 10 years	4,584
Amortized cost, due after 10 years	253,786
Fair Value
Fair value, due after 1 year through 5 years	3
Fair value, due after 5 years through 10 years	4,308
Fair value, due after 10 years	212,116
Fair Value	216,427	224,596
Municipal securities
Amortized Cost
Amortized cost, due after 1 year through 5 years	154
Amortized cost, due after 5 years through 10 years	465
Amortized cost, due after 10 years	2,633
Amortized Cost	3,252	3,257
Fair Value
Fair value, due after 1 year through 5 years	138
Fair value, due after 5 years through 10 years	402
Fair value, due after 10 years	1,974
Fair Value	$ 2,514	$ 2,589

Loans and Leases Held for Inv_3

Loans and Leases Held for Investment at Amortized Cost, Net of Allowance for Loan and Lease Losses - Narratives (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accrued interest receivable, location	Other assets		Other assets
Accrued interest	$ 30.7		$ 32.2
Unsecured personal | Consumer | Short-term payment reduction | Minimum | Short-term payment reduction modification
Accounts, Notes, Loans and Financing Receivable [Line Items]
Contractual maturity extension from loan modification (up to for permanent loan modifications)	5 months
Unsecured personal | Consumer | Short-term payment reduction | Maximum | Short-term payment reduction modification
Accounts, Notes, Loans and Financing Receivable [Line Items]
Temporary payment reduction period	3 months
Additional temporary payment reduction period	3 months
Contractual maturity extension from loan modification (up to for permanent loan modifications)	8 months
Unsecured personal | Consumer | Short-term payment reduction, first three months of modification | Short-term payment reduction modification
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans modified, amortized cost	$ 20.8
Unsecured personal | Consumer | Interest rate reduction | Permanent loan modifications
Accounts, Notes, Loans and Financing Receivable [Line Items]
Weighted average interest rate decrease from modification	7.70%	8%
Unsecured personal | Consumer | Maturity date extension | Permanent loan modifications
Accounts, Notes, Loans and Financing Receivable [Line Items]
Contractual maturity extension from loan modification (up to for permanent loan modifications)	12 months
Weighted-average maturity date extension	12 months	12 months

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 (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans and leases held for investment	$ 4,505,816	$ 4,850,302
Allowance for loan and lease losses	(259,150)	(310,387)	$ (348,857)	$ (327,852)
Loans and leases held for investment, net	4,246,666	4,539,915
Loans pledged as collateral under the FRB discount window	3,000,000	3,500,000
Assets Pledged As Collateral
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans and leases held for investment, net	479,600	479,000
Consumer
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans and leases held for investment	3,831,791	4,159,919
Allowance for loan and lease losses	(246,280)	(298,061)	(333,546)	(312,489)
Consumer | Unsecured personal
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans and leases held for investment	3,397,853	3,726,830
Consumer | Residential mortgages
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans and leases held for investment	180,697	183,050
Consumer | Secured consumer
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans and leases held for investment	253,241	250,039
Commercial
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans and leases held for investment	674,025	690,383
Allowance for loan and lease losses	(12,870)	(12,326)	$ (15,311)	$ (15,363)
Commercial | Equipment finance
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans and leases held for investment	101,902	110,992
Commercial | Commercial real estate
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans and leases held for investment	376,022	380,322
Commercial | Commercial and industrial
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans and leases held for investment	$ 196,101	$ 199,069

Loans and Leases Held for Inv_5

Loans and Leases Held for Investment at Amortized Cost, Net of Allowance for Loan and Lease Losses - Schedule of Components of Allowance For Loan and Lease Losses (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Financing Receivable, Allowance for Credit Loss [Line Items]
Gross allowance for loan and lease losses	$ 311,794	$ 355,773
Recovery asset value	(52,644)	(45,386)
Allowance for loan and lease losses	259,150	310,387	$ 348,857	$ 327,852
Loans and leases held for investment	$ 4,505,816	$ 4,850,302
Allowance ratio	5.80%	6.40%
Gross allowance ratio	6.90%	7.30%
Consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Gross allowance for loan and lease losses	$ 298,924	$ 343,447
Allowance for loan and lease losses	246,280	298,061	333,546	312,489
Loans and leases held for investment	$ 3,831,791	$ 4,159,919
Allowance ratio	6.40%	7.20%
Gross allowance ratio	7.80%	8.30%
Commercial
Financing Receivable, Allowance for Credit Loss [Line Items]
Gross allowance for loan and lease losses	$ 12,870	$ 12,326
Allowance for loan and lease losses	12,870	12,326	$ 15,311	$ 15,363
Loans and leases held for investment	$ 674,025	$ 690,383
Allowance ratio	1.90%	1.80%
Gross allowance ratio	1.90%	1.80%

Loans and Leases Held for Inv_6

Loans and Leases Held for Investment at Amortized Cost, Net of Allowance for Loan and Lease Losses - Schedule of Components of Portfolio Segment Receivables (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans and leases held for investment	$ 4,505,816	$ 4,850,302
Allowance for loan and lease losses	259,150	310,387	$ 348,857	$ 327,852
Loans held for investment at fair value	$ 4,246,666	$ 4,539,915
Allowance ratio	5.80%	6.40%
Consumer
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans and leases held for investment	$ 3,831,791	$ 4,159,919
Allowance for loan and lease losses	$ 246,280	$ 298,061	333,546	312,489
Allowance ratio	6.40%	7.20%
Commercial
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans and leases held for investment	$ 674,025	$ 690,383
Allowance for loan and lease losses	$ 12,870	$ 12,326	$ 15,311	$ 15,363
Allowance ratio	1.90%	1.80%

Loans and Leases Held for Inv_7

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, 2024	Mar. 31, 2023
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Allowance for loan and lease losses, beginning of period	$ 310,387	$ 327,852
Credit loss expense for loans and leases held for investment	29,246	70,850
Charge-offs	(90,342)	(52,563)
Recoveries	9,859	2,718
Allowance for loan and lease losses, end of period	259,150	348,857
Unfunded Loan Commitment
Off-Balance Sheet, Credit Loss, Liability [Roll Forward]
Reserve for unfunded lending commitments, beginning of period	1,873	1,878
Credit loss expense for unfunded lending commitments	(211)	(266)
Reserve for unfunded lending commitments, end of period	1,662	1,612
Unfunded Loan Commitment, Commitments To Extend Credit
Off-Balance Sheet, Credit Loss, Liability [Roll Forward]
Reserve for unfunded lending commitments, beginning of period	78,100
Reserve for unfunded lending commitments, end of period	72,100	117,200
Consumer
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Allowance for loan and lease losses, beginning of period	298,061	312,489
Credit loss expense for loans and leases held for investment	27,686	70,684
Charge-offs	(89,110)	(52,212)
Recoveries	9,643	2,585
Allowance for loan and lease losses, end of period	246,280	333,546
Consumer | Unfunded Loan Commitment
Off-Balance Sheet, Credit Loss, Liability [Roll Forward]
Reserve for unfunded lending commitments, beginning of period	0	18
Credit loss expense for unfunded lending commitments	0	49
Reserve for unfunded lending commitments, end of period	0	67
Commercial
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Allowance for loan and lease losses, beginning of period	12,326	15,363
Credit loss expense for loans and leases held for investment	1,560	166
Charge-offs	(1,232)	(351)
Recoveries	216	133
Allowance for loan and lease losses, end of period	12,870	15,311
Commercial | Unfunded Loan Commitment
Off-Balance Sheet, Credit Loss, Liability [Roll Forward]
Reserve for unfunded lending commitments, beginning of period	1,873	1,860
Credit loss expense for unfunded lending commitments	(211)	(315)
Reserve for unfunded lending commitments, end of period	$ 1,662	$ 1,545

Loans and Leases Held for Inv_8

Loans and Leases Held for Investment at Amortized Cost, Net of Allowance for Loan and Lease Losses - Gross Charge-Offs by Origination Year (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($)
Term Loans and Leases by Origination Year
Year 1	$ 0
Year 2	23,342
Year 3	48,129
Year 4	18,060
Year 5	0
Prior	811
Total	90,342
Consumer
Term Loans and Leases by Origination Year
Year 1	0
Year 2	22,921
Year 3	48,129
Year 4	18,060
Year 5	0
Prior	0
Total	89,110
Consumer | Unsecured personal
Term Loans and Leases by Origination Year
Year 1	0
Year 2	22,857
Year 3	47,814
Year 4	17,867
Year 5	0
Prior	0
Total	88,538
Consumer | 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 | Secured consumer
Term Loans and Leases by Origination Year
Year 1	0
Year 2	64
Year 3	315
Year 4	193
Year 5	0
Prior	0
Total	572
Commercial
Term Loans and Leases by Origination Year
Year 1	0
Year 2	421
Year 3	0
Year 4	0
Year 5	0
Prior	811
Total	1,232
Commercial | 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 | 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 | Commercial and industrial
Term Loans and Leases by Origination Year
Year 1	0
Year 2	421
Year 3	0
Year 4	0
Year 5	0
Prior	811
Total	$ 1,232

Loans and Leases Held for Inv_9

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, 2024	Dec. 31, 2023
Term Loans and Leases by Origination Year
Total	$ 4,505,816	$ 4,850,302
Loans and leases held for investment at amortized cost
Term Loans and Leases by Origination Year
Portfolio layer method basis adjustment - increase (decrease)	209	8,881
Consumer Portfolio Segment, Excluding Cumulative Basis Adjustment for Portfolio Layer Method
Term Loans and Leases by Origination Year
Year 1	262,846	1,648,591
Year 2	1,460,920	1,885,009
Year 3	1,604,469	535,309
Year 4	422,380	29,960
Year 5	29,725	22,708
Prior	51,242	29,461
Total	3,831,582	4,151,038
Consumer Portfolio Segment, Excluding Cumulative Basis Adjustment for Portfolio Layer Method | Unsecured personal
Term Loans and Leases by Origination Year
Year 1	233,850	1,522,462
Year 2	1,346,649	1,737,631
Year 3	1,468,562	457,856
Year 4	348,583	0
Year 5	0	0
Prior	0	0
Total	3,397,644	3,717,949
Consumer Portfolio Segment, Excluding Cumulative Basis Adjustment for Portfolio Layer Method | Residential mortgages
Term Loans and Leases by Origination Year
Year 1	0	53
Year 2	0	48,473
Year 3	47,695	54,855
Year 4	54,473	29,960
Year 5	29,725	20,248
Prior	48,804	29,461
Total	180,697	183,050
Consumer Portfolio Segment, Excluding Cumulative Basis Adjustment for Portfolio Layer Method | Secured consumer
Term Loans and Leases by Origination Year
Year 1	28,996	126,076
Year 2	114,271	98,905
Year 3	88,212	22,598
Year 4	19,324	0
Year 5	0	2,460
Prior	2,438	0
Total	253,241	250,039
Commercial
Term Loans and Leases by Origination Year
Year 1	10,929	92,648
Year 2	99,523	220,696
Year 3	214,238	118,301
Year 4	102,539	68,608
Year 5	65,793	74,370
Prior	181,003	115,760
Total	674,025	690,383
Commercial | Loans guaranteed by the Small Business Association
Term Loans and Leases by Origination Year
Total	166,471	167,982
Commercial | Equipment finance
Term Loans and Leases by Origination Year
Year 1	0	2,945
Year 2	2,594	48,665
Year 3	46,000	28,273
Year 4	25,348	14,075
Year 5	12,762	10,746
Prior	15,198	6,288
Total	101,902	110,992
Commercial | Equipment finance | Loans guaranteed by the Small Business Association
Term Loans and Leases by Origination Year
Total	0	0
Commercial | Equipment finance | Pass
Term Loans and Leases by Origination Year
Year 1	0	2,945
Year 2	2,594	33,430
Year 3	31,123	26,311
Year 4	23,762	7,754
Year 5	7,104	9,411
Prior	15,198	6,288
Total	79,781	86,139
Commercial | Equipment finance | Pass | Loans guaranteed by the Small Business Association
Term Loans and Leases by Origination Year
Total	0	0
Commercial | Equipment finance | Special mention
Term Loans and Leases by Origination Year
Year 1	0	0
Year 2	0	15,235
Year 3	14,877	1,962
Year 4	1,586	5,873
Year 5	5,658	1,335
Prior	0	0
Total	22,121	24,405
Commercial | Equipment finance | Special mention | Loans guaranteed by the Small Business Association
Term Loans and Leases by Origination Year
Total	0	0
Commercial | Equipment finance | Substandard
Term Loans and Leases by Origination Year
Year 1	0	0
Year 2	0	0
Year 3	0	0
Year 4	0	448
Year 5	0	0
Prior	0	0
Total	0	448
Commercial | Equipment finance | Substandard | Loans guaranteed by the Small Business Association
Term Loans and Leases by Origination Year
Total	0	0
Commercial | 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 | Equipment finance | Doubtful | Loans guaranteed by the Small Business Association
Term Loans and Leases by Origination Year
Total	0	0
Commercial | 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 | Equipment finance | Loss | Loans guaranteed by the Small Business Association
Term Loans and Leases by Origination Year
Total	0	0
Commercial | Commercial real estate
Term Loans and Leases by Origination Year
Year 1	6,868	49,067
Year 2	54,516	97,845
Year 3	95,724	43,766
Year 4	34,763	43,058
Year 5	42,401	52,160
Prior	141,750	94,426
Total	376,022	380,322
Commercial | Commercial real estate | Loans guaranteed by the Small Business Association
Term Loans and Leases by Origination Year
Total	43,295	44,319
Commercial | Commercial real estate | Pass
Term Loans and Leases by Origination Year
Year 1	6,868	49,067
Year 2	54,516	94,247
Year 3	92,574	34,535
Year 4	24,953	43,058
Year 5	41,839	52,160
Prior	125,081	78,062
Total	345,831	351,129
Commercial | Commercial real estate | Pass | Loans guaranteed by the Small Business Association
Term Loans and Leases by Origination Year
Total	31,804	33,423
Commercial | Commercial real estate | Special mention
Term Loans and Leases by Origination Year
Year 1	0	0
Year 2	0	0
Year 3	0	0
Year 4	362	0
Year 5	562	0
Prior	14,044	13,706
Total	14,968	13,706
Commercial | Commercial real estate | Special mention | Loans guaranteed by the Small Business Association
Term Loans and Leases by Origination Year
Total	421	0
Commercial | Commercial real estate | Substandard
Term Loans and Leases by Origination Year
Year 1	0	0
Year 2	0	3,598
Year 3	447	7,716
Year 4	7,933	0
Year 5	0	0
Prior	2,122	2,139
Total	10,502	13,453
Commercial | Commercial real estate | Substandard | Loans guaranteed by the Small Business Association
Term Loans and Leases by Origination Year
Total	7,090	9,425
Commercial | 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 | Commercial real estate | Doubtful | Loans guaranteed by the Small Business Association
Term Loans and Leases by Origination Year
Total	0	0
Commercial | Commercial real estate | Loss
Term Loans and Leases by Origination Year
Year 1	0	0
Year 2	0	0
Year 3	2,703	1,515
Year 4	1,515	0
Year 5	0	0
Prior	503	519
Total	4,721	2,034
Commercial | Commercial real estate | Loss | Loans guaranteed by the Small Business Association
Term Loans and Leases by Origination Year
Total	3,980	1,471
Commercial | Commercial and industrial
Term Loans and Leases by Origination Year
Year 1	4,061	40,636
Year 2	42,413	74,186
Year 3	72,514	46,262
Year 4	42,428	11,475
Year 5	10,630	11,464
Prior	24,055	15,046
Total	196,101	199,069
Commercial | Commercial and industrial | Loans guaranteed by the Small Business Association
Term Loans and Leases by Origination Year
Total	123,176	123,663
Commercial | Commercial and industrial | Pass
Term Loans and Leases by Origination Year
Year 1	4,061	40,636
Year 2	42,413	60,352
Year 3	53,137	39,304
Year 4	34,515	9,525
Year 5	8,732	10,282
Prior	20,280	11,626
Total	163,138	171,725
Commercial | Commercial and industrial | Pass | Loans guaranteed by the Small Business Association
Term Loans and Leases by Origination Year
Total	101,158	104,928
Commercial | Commercial and industrial | Special mention
Term Loans and Leases by Origination Year
Year 1	0	0
Year 2	0	10,881
Year 3	4,375	1,532
Year 4	1,956	729
Year 5	719	137
Prior	273	444
Total	7,323	13,723
Commercial | Commercial and industrial | Special mention | Loans guaranteed by the Small Business Association
Term Loans and Leases by Origination Year
Total	2,779	9,384
Commercial | Commercial and industrial | Substandard
Term Loans and Leases by Origination Year
Year 1	0	0
Year 2	0	2,304
Year 3	12,225	5,426
Year 4	5,957	673
Year 5	652	1,045
Prior	1,966	1,434
Total	20,800	10,882
Commercial | Commercial and industrial | Substandard | Loans guaranteed by the Small Business Association
Term Loans and Leases by Origination Year
Total	15,143	6,908
Commercial | Commercial and industrial | Doubtful
Term Loans and Leases by Origination Year
Year 1	0	0
Year 2	0	649
Year 3	2,225	0
Year 4	0	548
Year 5	527	0
Prior	285	286
Total	3,037	1,483
Commercial | Commercial and industrial | Doubtful | Loans guaranteed by the Small Business Association
Term Loans and Leases by Origination Year
Total	2,315	1,214
Commercial | Commercial and industrial | Loss
Term Loans and Leases by Origination Year
Year 1	0	0
Year 2	0	0
Year 3	552	0
Year 4	0	0
Year 5	0	0
Prior	1,251	1,256
Total	1,803	1,256
Commercial | Commercial and industrial | Loss | Loans guaranteed by the Small Business Association
Term Loans and Leases by Origination Year
Total	1,781	1,229
Current | Consumer Portfolio Segment, Excluding Cumulative Basis Adjustment for Portfolio Layer Method | Unsecured personal
Term Loans and Leases by Origination Year
Year 1	233,407	1,498,737
Year 2	1,321,148	1,688,512
Year 3	1,427,483	438,296
Year 4	334,677	0
Year 5	0	0
Prior	0	0
Total	3,316,715	3,625,545
Current | Consumer Portfolio Segment, Excluding Cumulative Basis Adjustment for Portfolio Layer Method | Residential mortgages
Term Loans and Leases by Origination Year
Year 1	0	53
Year 2	0	48,473
Year 3	47,695	54,855
Year 4	53,771	29,960
Year 5	29,725	18,917
Prior	48,184	29,041
Total	179,375	181,299
Current | Consumer Portfolio Segment, Excluding Cumulative Basis Adjustment for Portfolio Layer Method | Secured consumer
Term Loans and Leases by Origination Year
Year 1	28,996	125,618
Year 2	113,517	97,084
Year 3	86,493	21,949
Year 4	18,829	0
Year 5	0	2,460
Prior	2,438	0
Total	250,273	247,111
30-59 days past due | Consumer Portfolio Segment, Excluding Cumulative Basis Adjustment for Portfolio Layer Method | Unsecured personal
Term Loans and Leases by Origination Year
Year 1	443	9,034
Year 2	9,390	17,017
Year 3	15,040	6,665
Year 4	4,979	0
Year 5	0	0
Prior	0	0
Total	29,852	32,716
30-59 days past due | Consumer Portfolio Segment, Excluding Cumulative Basis Adjustment for Portfolio Layer Method | Residential mortgages
Term Loans and Leases by Origination Year
Year 1	0	0
Year 2	0	0
Year 3	0	0
Year 4	702	0
Year 5	0	1,331
Prior	469	420
Total	1,171	1,751
30-59 days past due | Consumer Portfolio Segment, Excluding Cumulative Basis Adjustment for Portfolio Layer Method | Secured consumer
Term Loans and Leases by Origination Year
Year 1	0	364
Year 2	545	1,295
Year 3	1,421	417
Year 4	366	0
Year 5	0	0
Prior	0	0
Total	2,332	2,076
30-59 days past due | Commercial
Term Loans and Leases by Origination Year
Total	7,391	13,526
30-59 days past due | Commercial | Equipment finance
Term Loans and Leases by Origination Year
Total	1,461	1,265
30-59 days past due | Commercial | Commercial real estate
Term Loans and Leases by Origination Year
Total	4,335	0
30-59 days past due | Commercial | Commercial and industrial
Term Loans and Leases by Origination Year
Total	1,595	12,261
60-89 days past due | Consumer Portfolio Segment, Excluding Cumulative Basis Adjustment for Portfolio Layer Method | Unsecured personal
Term Loans and Leases by Origination Year
Year 1	0	7,767
Year 2	7,932	15,538
Year 3	12,714	6,251
Year 4	4,048	0
Year 5	0	0
Prior	0	0
Total	24,694	29,556
60-89 days past due | Consumer Portfolio Segment, Excluding Cumulative Basis Adjustment for Portfolio Layer Method | 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	0
Total	0	0
60-89 days past due | Consumer Portfolio Segment, Excluding Cumulative Basis Adjustment for Portfolio Layer Method | Secured consumer
Term Loans and Leases by Origination Year
Year 1	0	94
Year 2	84	373
Year 3	248	168
Year 4	61	0
Year 5	0	0
Prior	0	0
Total	393	635
60-89 days past due | Commercial
Term Loans and Leases by Origination Year
Total	8,918	5,198
60-89 days past due | Commercial | Equipment finance
Term Loans and Leases by Origination Year
Total	0	0
60-89 days past due | Commercial | Commercial real estate
Term Loans and Leases by Origination Year
Total	400	3,566
60-89 days past due | Commercial | Commercial and industrial
Term Loans and Leases by Origination Year
Total	8,518	1,632
90 or more days past due | Consumer Portfolio Segment, Excluding Cumulative Basis Adjustment for Portfolio Layer Method | Unsecured personal
Term Loans and Leases by Origination Year
Year 1	0	6,924
Year 2	8,179	16,564
Year 3	13,325	6,644
Year 4	4,879	0
Year 5	0	0
Prior	0	0
Total	26,383	30,132
90 or more days past due | Consumer Portfolio Segment, Excluding Cumulative Basis Adjustment for Portfolio Layer Method | 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	151	0
Total	151	0
90 or more days past due | Consumer Portfolio Segment, Excluding Cumulative Basis Adjustment for Portfolio Layer Method | Secured consumer
Term Loans and Leases by Origination Year
Year 1	0	0
Year 2	125	153
Year 3	50	64
Year 4	68	0
Year 5	0	0
Prior	0	0
Total	243	217
90 or more days past due | Commercial
Term Loans and Leases by Origination Year
Total	9,008	3,133
90 or more days past due | Commercial | Equipment finance
Term Loans and Leases by Origination Year
Total	0	0
90 or more days past due | Commercial | Commercial real estate
Term Loans and Leases by Origination Year
Total	4,321	1,618
90 or more days past due | Commercial | Commercial and industrial
Term Loans and Leases by Origination Year
Total	4,687	1,515
Total Days Past Due | Commercial
Term Loans and Leases by Origination Year
Total	25,317	21,857
Total Days Past Due | Commercial | Loans guaranteed by the Small Business Association
Term Loans and Leases by Origination Year
Total	18,940	15,307
Total Days Past Due | Commercial | Equipment finance
Term Loans and Leases by Origination Year
Total	1,461	1,265
Total Days Past Due | Commercial | Equipment finance | Loans guaranteed by the Small Business Association
Term Loans and Leases by Origination Year
Total	0	0
Total Days Past Due | Commercial | Commercial real estate
Term Loans and Leases by Origination Year
Total	9,056	5,184
Total Days Past Due | Commercial | Commercial real estate | Loans guaranteed by the Small Business Association
Term Loans and Leases by Origination Year
Total	7,755	4,047
Total Days Past Due | Commercial | Commercial and industrial
Term Loans and Leases by Origination Year
Total	14,800	15,408
Total Days Past Due | Commercial | Commercial and industrial | Loans guaranteed by the Small Business Association
Term Loans and Leases by Origination Year
Total	$ 11,185	$ 11,260

Loans and Leases Held for In_10

Loans and Leases Held for Investment at Amortized Cost, Net of Allowance For Loan and Lease Losses - Amortized Cost of Loans Modified (Details) - Consumer - Unsecured personal - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Financing Receivable, Modified [Line Items]
Total loan modifications – unsecured personal loans	$ 22,202	$ 5,437
% of unsecured personal loans at amortized cost as of period end	0.70%	0.10%
Short-term payment reduction
Financing Receivable, Modified [Line Items]
Total loan modifications – unsecured personal loans	$ 14,191	$ 144
Permanent loan modification
Financing Receivable, Modified [Line Items]
Total loan modifications – unsecured personal loans	1,645	475
Debt settlement
Financing Receivable, Modified [Line Items]
Total loan modifications – unsecured personal loans	$ 6,366	$ 4,818

Loans and Leases Held for In_11

Loans and Leases Held for Investment at Amortized Cost, Net of Allowance For Loan and Lease Losses - Delinquency Status of Amortized Cost of Loan Modifications (Details) - Consumer - Unsecured personal - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023
Short-term payment reduction
Financing Receivable, Modified [Line Items]
Total loan modifications	$ 18,375	$ 144
Short-term payment reduction | Current
Financing Receivable, Modified [Line Items]
Total loan modifications	16,509	144
Short-term payment reduction | 30-59 days past due
Financing Receivable, Modified [Line Items]
Total loan modifications	845	0
Short-term payment reduction | 60-89 days past due
Financing Receivable, Modified [Line Items]
Total loan modifications	716	0
Short-term payment reduction | 90 or more days past due
Financing Receivable, Modified [Line Items]
Total loan modifications	305	0
Permanent loan modification
Financing Receivable, Modified [Line Items]
Total loan modifications	4,315	475
Permanent loan modification | Current
Financing Receivable, Modified [Line Items]
Total loan modifications	3,905	475
Permanent loan modification | 30-59 days past due
Financing Receivable, Modified [Line Items]
Total loan modifications	127	0
Permanent loan modification | 60-89 days past due
Financing Receivable, Modified [Line Items]
Total loan modifications	81	0
Permanent loan modification | 90 or more days past due
Financing Receivable, Modified [Line Items]
Total loan modifications	202	0
Debt settlement
Financing Receivable, Modified [Line Items]
Total loan modifications	6,643	4,818
Debt settlement | Current
Financing Receivable, Modified [Line Items]
Total loan modifications	127	19
Debt settlement | 30-59 days past due
Financing Receivable, Modified [Line Items]
Total loan modifications	62	14
Debt settlement | 60-89 days past due
Financing Receivable, Modified [Line Items]
Total loan modifications	475	1,388
Debt settlement | 90 or more days past due
Financing Receivable, Modified [Line Items]
Total loan modifications	$ 5,979	$ 3,397

Loans and Leases Held for In_12

Loans and Leases Held for Investment at Amortized Cost, Net of Allowance for Loan and Lease Losses - Charge Offs for Loan Modifications (Details) - Consumer - Unsecured personal - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Financing Receivable, Modified [Line Items]
Total loan modifications – unsecured personal loans	$ 22,407	$ 5,734
Short-term payment reduction
Financing Receivable, Modified [Line Items]
Total loan modifications – unsecured personal loans	193	0
Permanent loan modification
Financing Receivable, Modified [Line Items]
Total loan modifications – unsecured personal loans	439	27
Debt settlement
Financing Receivable, Modified [Line Items]
Total loan modifications – unsecured personal loans	$ 21,775	$ 5,707

Loans and Leases Held for In_13

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, 2024	Dec. 31, 2023
Financing Receivable, Past Due [Line Items]
Nonaccrual	$ 45,307	$ 44,382
Nonaccrual with no related ACL	$ 7,559	$ 4,089
Nonaccrual Ratios	1%	0.90%
Consumer
Financing Receivable, Past Due [Line Items]
Nonaccrual	$ 26,936	$ 30,661
Nonaccrual with no related ACL	$ 310	$ 312
Nonaccrual Ratios	0.70%	0.70%
Consumer | Unsecured personal
Financing Receivable, Past Due [Line Items]
Nonaccrual	$ 26,383	$ 30,132
Nonaccrual with no related ACL	0	0
Consumer | Residential mortgages
Financing Receivable, Past Due [Line Items]
Nonaccrual	310	312
Nonaccrual with no related ACL	310	312
Consumer | Secured consumer
Financing Receivable, Past Due [Line Items]
Nonaccrual	243	217
Nonaccrual with no related ACL	0	0
Commercial
Financing Receivable, Past Due [Line Items]
Nonaccrual	18,371	13,721
Nonaccrual with no related ACL	$ 7,249	$ 3,777
Nonaccrual Ratios	2.70%	2%
Commercial | Loans guaranteed by the Small Business Association
Financing Receivable, Past Due [Line Items]
Nonaccrual	$ 15,000	$ 10,400
Commercial | Equipment finance
Financing Receivable, Past Due [Line Items]
Nonaccrual	0	0
Nonaccrual with no related ACL	0	0
Commercial | Commercial real estate
Financing Receivable, Past Due [Line Items]
Nonaccrual	9,115	9,663
Nonaccrual with no related ACL	4,167	2,187
Commercial | Commercial and industrial
Financing Receivable, Past Due [Line Items]
Nonaccrual	9,256	4,058
Nonaccrual with no related ACL	$ 3,082	$ 1,590

Securitizations and Variable _3

Securitizations and Variable Interest Entities - Summary of Select Information Related to VIEs (Details) - USD ($) $ in Thousands		Mar. 31, 2024	Dec. 31, 2023
Assets
Restricted cash	[1]	$ 36,081	$ 41,644
Total securities available for sale		2,228,500	1,620,262
Loans held for investment at fair value		4,246,666	4,539,915
Other assets	[1]	450,142	455,453
Total assets		9,244,828	8,827,463
Liabilities:
Borrowings	[1],[2]	262,550	19,354
Other liabilities	[1]	194,337	222,801
Total liabilities		7,978,542	7,575,641
Total
Assets
Restricted cash		3,163	3,454
Total securities available for sale		1,869,125	1,249,796
Loans held for investment at fair value		234	970
Other assets		40,055	31,545
Total assets		1,912,577	1,285,765
Liabilities:
Borrowings		1,894	2,888
Other liabilities		4,051	3,305
Total liabilities		5,945	6,193
Total net assets (maximum loss exposure)		1,906,632	1,279,572
Consolidated
Assets
Restricted cash		3,163	3,454
Total securities available for sale		0	0
Loans held for investment at fair value		234	970
Other assets		11	14
Total assets		3,408	4,438
Liabilities:
Borrowings		1,894	2,888
Other liabilities		2	4
Total liabilities		1,896	2,892
Total net assets (maximum loss exposure)		1,512	1,546
Unconsolidated
Assets
Restricted cash		0	0
Total securities available for sale		1,869,125	1,249,796
Loans held for investment at fair value		0	0
Other assets		40,044	31,531
Total assets		1,909,169	1,281,327
Liabilities:
Borrowings		0	0
Other liabilities		4,049	3,301
Total liabilities		4,049	3,301
Total net assets (maximum loss exposure)		$ 1,905,120	$ 1,278,026
[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) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Fair value of consideration received:
Gain on sales of loans	$ 10,909	$ 14,125
Unconsolidated
Fair value of consideration received:
Cash	93,644
Securities retained from Structured Program transactions	738,976
Other assets, net	9,733
Total consideration	842,353
Fair value of loans sold	(833,776)
Gain on sales of loans	8,577
Cash proceeds from continuing involvement:
Servicing and other administrative fees	4,723
Interest received on securities retained from Structured Program transactions	$ 29,663

Securitizations and Variable _5

Securitizations and Variable Interest Entities - Narratives (Details) - Off-balance Sheet Loans - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Variable Interest Entity [Line Items]
Principal derecognized from loans securitized or sold	$ 2,200	$ 1,600
Off-balance sheet loans, principal amount outstanding, 31 days or more past due	$ 14.6	$ 9.5

Fair Value Measurements - Fair

Fair Value Measurements - Fair Value Hierarchy for Assets and Liabilities Measured at Fair Value (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Assets
Loans held for sale at fair value	$ 550,415	$ 407,773
Loans held for investment at fair value	427,396	272,678
Securities available for sale:
Total securities available for sale	2,228,500	1,620,262
Servicing assets	71,830	77,680
Other assets	4,156	3,525
Total assets	3,282,297	2,381,918
Liabilities:
Borrowings	8,643	12,956
Other liabilities	13,168	19,727
Total liabilities	21,811	32,683
Senior asset-backed securities related to Structured Program transactions
Securities available for sale:
Total securities available for sale	1,765,259	1,176,403
U.S. agency residential mortgage-backed securities
Securities available for sale:
Total securities available for sale	216,427	224,596
Other asset-backed securities related to Structured Program transactions
Securities available for sale:
Total securities available for sale	103,866	73,393
U.S. agency securities
Securities available for sale:
Total securities available for sale	79,252	80,104
Mortgage-backed securities
Securities available for sale:
Total securities available for sale	36,382	37,076
Other asset-backed securities
Securities available for sale:
Total securities available for sale	24,800	26,101
Municipal securities
Securities available for sale:
Total securities available for sale	2,514	2,589
Level 1
Assets
Loans held for sale at fair value	0	0
Loans held for investment at fair value	0	0
Securities available for sale:
Total securities available for sale	0	0
Servicing assets	0	0
Other assets	0	0
Total assets	0	0
Liabilities:
Borrowings	0	0
Other liabilities	0	0
Total liabilities	0	0
Level 1 | Senior asset-backed securities related to Structured Program transactions
Securities available for sale:
Total securities available for sale	0	0
Level 1 | U.S. agency residential mortgage-backed securities
Securities available for sale:
Total securities available for sale	0	0
Level 1 | Other asset-backed securities related to Structured Program transactions
Securities available for sale:
Total securities available for sale	0	0
Level 1 | U.S. agency securities
Securities available for sale:
Total securities available for sale	0	0
Level 1 | Mortgage-backed securities
Securities available for sale:
Total securities available for sale	0	0
Level 1 | Other asset-backed securities
Securities available for sale:
Total securities available for sale	0	0
Level 1 | Municipal securities
Securities available for sale:
Total securities available for sale	0	0
Level 2
Assets
Loans held for sale at fair value	0	0
Loans held for investment at fair value	0	0
Securities available for sale:
Total securities available for sale	359,375	370,466
Servicing assets	0	0
Other assets	4,156	3,525
Total assets	363,531	373,991
Liabilities:
Borrowings	0	0
Other liabilities	4,351	12,072
Total liabilities	4,351	12,072
Level 2 | Senior asset-backed securities related to Structured Program transactions
Securities available for sale:
Total securities available for sale	0	0
Level 2 | U.S. agency residential mortgage-backed securities
Securities available for sale:
Total securities available for sale	216,427	224,596
Level 2 | Other asset-backed securities related to Structured Program transactions
Securities available for sale:
Total securities available for sale	0	0
Level 2 | U.S. agency securities
Securities available for sale:
Total securities available for sale	79,252	80,104
Level 2 | Mortgage-backed securities
Securities available for sale:
Total securities available for sale	36,382	37,076
Level 2 | Other asset-backed securities
Securities available for sale:
Total securities available for sale	24,800	26,101
Level 2 | Municipal securities
Securities available for sale:
Total securities available for sale	2,514	2,589
Level 3
Assets
Loans held for sale at fair value	550,415	407,773
Loans held for investment at fair value	427,396	272,678
Securities available for sale:
Total securities available for sale	1,869,125	1,249,796
Servicing assets	71,830	77,680
Other assets	0	0
Total assets	2,918,766	2,007,927
Liabilities:
Borrowings	8,643	12,956
Other liabilities	8,817	7,655
Total liabilities	17,460	20,611
Level 3 | Senior asset-backed securities related to Structured Program transactions
Securities available for sale:
Total securities available for sale	1,765,259	1,176,403
Level 3 | U.S. agency residential mortgage-backed securities
Securities available for sale:
Total securities available for sale	0	0
Level 3 | Other asset-backed securities related to Structured Program transactions
Securities available for sale:
Total securities available for sale	103,866	73,393
Level 3 | U.S. agency securities
Securities available for sale:
Total securities available for sale	0	0
Level 3 | Mortgage-backed securities
Securities available for sale:
Total securities available for sale	0	0
Level 3 | Other asset-backed securities
Securities available for sale:
Total securities available for sale	0	0
Level 3 | Municipal securities
Securities available for sale:
Total securities available for sale	$ 0	$ 0

Fair Value Measurements - Quant

Fair Value Measurements - Quantitative Information about Significant Unobservable Inputs Used for Fair Value Measurements (Details)	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Level 3 | 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%
Level 3 | 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%
Level 3 | 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 rate | Minimum
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, debt securities available-for-sale	0.071	0.070
Discount rate | Maximum
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, debt securities available-for-sale	0.071	0.070
Discount rate | Weighted- Average
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, debt securities available-for-sale	0.071	0.070
Discount rate | Level 3 | Minimum | Other asset-backed securities related to Structured Program transactions
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, debt securities available-for-sale	0.073	0.081
Discount rate | Level 3 | Minimum | Loans Held For Sale
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	7.30%	8.10%
Discount rate | Level 3 | Minimum | Loans held for investment
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	6.70%	8.40%
Discount rate | Level 3 | Minimum | Servicing Assets
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	8.70%	8.70%
Discount rate | Level 3 | Maximum | Other asset-backed securities related to Structured Program transactions
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, debt securities available-for-sale	0.100	0.103
Discount rate | Level 3 | Maximum | Loans Held For Sale
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	10%	10.30%
Discount rate | Level 3 | Maximum | Loans held for investment
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	24.30%	16.20%
Discount rate | Level 3 | Maximum | Servicing Assets
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	17.30%	17.30%
Discount rate | Level 3 | Weighted- Average | Other asset-backed securities related to Structured Program transactions
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, debt securities available-for-sale	0.084	0.090
Discount rate | Level 3 | Weighted- Average | Loans Held For Sale
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	8.50%	9%
Discount rate | Level 3 | Weighted- Average | Loans held for investment
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	12.70%	12.80%
Discount rate | Level 3 | Weighted- Average | Servicing Assets
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	11.10%	11.30%
Annualized net charge-off rate | Level 3 | Minimum | Other asset-backed securities related to Structured Program transactions
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, debt securities available-for-sale	0.048	0.049
Annualized net charge-off rate | Level 3 | Minimum | Loans Held For Sale
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	3.80%	2.70%
Annualized net charge-off rate | Level 3 | Minimum | Loans held for investment
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	2.70%	1.90%
Annualized net charge-off rate | Level 3 | Minimum | Servicing Assets
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	1.90%	1.90%
Annualized net charge-off rate | Level 3 | Maximum | Other asset-backed securities related to Structured Program transactions
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, debt securities available-for-sale	0.059	0.059
Annualized net charge-off rate | Level 3 | Maximum | Loans Held For Sale
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	11.80%	12.90%
Annualized net charge-off rate | Level 3 | Maximum | Loans held for investment
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	21%	5.90%
Annualized net charge-off rate | Level 3 | Maximum | Servicing Assets
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	23.80%	24%
Annualized net charge-off rate | Level 3 | Weighted- Average | Other asset-backed securities related to Structured Program transactions
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, debt securities available-for-sale	0.055	0.055
Annualized net charge-off rate | Level 3 | Weighted- Average | Loans Held For Sale
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	6.80%	6.50%
Annualized net charge-off rate | Level 3 | Weighted- Average | Loans held for investment
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	6.50%	3.70%
Annualized net charge-off rate | Level 3 | Weighted- Average | Servicing Assets
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	8.60%	8.70%
Annualized prepayment rate | Level 3 | Minimum | Other asset-backed securities related to Structured Program transactions
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, debt securities available-for-sale	0.182	0.192
Annualized prepayment rate | Level 3 | Minimum | Loans Held For Sale
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	15.70%	15.70%
Annualized prepayment rate | Level 3 | Minimum | Loans held for investment
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	17.10%	18.60%
Annualized prepayment rate | Level 3 | Minimum | Servicing Assets
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	15.70%	15.60%
Annualized prepayment rate | Level 3 | Maximum | Other asset-backed securities related to Structured Program transactions
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, debt securities available-for-sale	0.201	0.210
Annualized prepayment rate | Level 3 | Maximum | Loans Held For Sale
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	22.40%	22.50%
Annualized prepayment rate | Level 3 | Maximum | Loans held for investment
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	26.30%	27.70%
Annualized prepayment rate | Level 3 | Maximum | Servicing Assets
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	25.80%	25.70%
Annualized prepayment rate | Level 3 | Weighted- Average | Other asset-backed securities related to Structured Program transactions
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, debt securities available-for-sale	0.197	0.201
Annualized prepayment rate | Level 3 | Weighted- Average | Loans Held For Sale
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	19.60%	19.90%
Annualized prepayment rate | Level 3 | Weighted- Average | Loans held for investment
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	21.30%	22.60%
Annualized prepayment rate | Level 3 | Weighted- Average | Servicing Assets
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	19.80%	20.30%

Fair Value Measurements - Sensi

Fair Value Measurements - Sensitivity of Fair Value of Loans Held for Sale (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for sale at fair value	$ 550,415	$ 407,773
Loans Held For Sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for sale at fair value	550,415	407,773
Loans Held For Sale | Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for sale at fair value	550,415	407,773
Discount rates, impact of 100 basis point increase	(7,305)	(5,093)
Discount rates, impact of 200 basis point increase	(14,103)	(10,051)
Expected credit loss rates on underlying loans, 10% adverse change	(6,628)	(5,102)
Expected credit loss rates on underlying loans, 20% adverse change	(13,055)	(10,184)
Expected prepayment rates, 10% adverse change	(1,339)	(851)
Expected prepayment rates, 20% adverse change	$ (2,383)	$ (1,628)
Loans Held For Sale | Fair Value, Measurements, Recurring | Expected weighted-average life
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Expected remaining weighted-average life (in years)	1 year 6 months	1 year 6 months

Fair Value Measurements - Fai_2

Fair Value Measurements - Fair Value Reconciliation (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value of loans held for investment	$ 550,415		$ 407,773
Fair value of loans held for investment	427,396		272,678
Balance at Fair Value
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value of loans held for investment	4,389,732		4,675,354
Other asset-backed securities related to Structured Program transactions
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Change in unrealized loss	(42)	$ 0
Senior asset-backed securities related to Structured Program transactions
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning	1,176,403
Originations and purchases, and additions	697,347
Principal payments and cash received	(106,474)
Change in unrealized loss	(2,017)
Ending	1,765,259
Other asset-backed securities related to Structured Program transactions
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning	73,393	12,469
Originations and purchases, and additions	42,738	113
Principal payments and cash received	(9,331)	(2,185)
Interest income accretion and fair value adjustments recorded in earnings, and change in unrealized loss	(2,892)	0
Ending	103,866	10,397
Loans Held For Sale
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning	407,773	110,400
Originations and purchases, and additions	1,282,250	1,205,029
Sales	(1,059,648)	(1,247,246)
Principal payments and cash received	(34,272)	(6,465)
Interest income accretion and fair value adjustments recorded in earnings, and change in unrealized loss	(45,688)	(17,071)
Ending	550,415	44,647
Aggregate unpaid principal balance	577,259		431,955
Cumulative fair value adjustments	(26,844)		(24,182)
Fair value of loans held for investment	550,415		407,773
Loans Held For Sale | Fair Value, Measurements, Recurring
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value of loans held for investment	550,415		407,773
Loans Held For Sale | 90 or more days past due
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Aggregate unpaid principal balance	1,672		1,395
Cumulative fair value adjustments	(1,342)		(1,102)
Fair value of loans held for investment	330		293
Loans held for investment
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning	262,190	925,938
Originations and purchases, and additions	220,564	4,037
Principal payments and cash received	(63,926)	(186,451)
Interest income accretion and fair value adjustments recorded in earnings, and change in unrealized loss	1,565	5,094
Ending	420,393	$ 748,618
Loans held for investment | Fair Value, Measurements, Recurring
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value of loans held for investment	420,393		262,190
Loans held for investment | Balance at Fair Value | Fair Value, Measurements, Recurring | Off-balance Sheet Loans
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Aggregate unpaid principal balance	448,233		281,031
Cumulative fair value adjustments	(27,840)		(18,841)
Fair value of loans held for investment	420,393		262,190
Loans held for investment | 90 or more days past due | Balance at Fair Value | Fair Value, Measurements, Recurring | Off-balance Sheet Loans
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Aggregate unpaid principal balance	2,534		3,774
Cumulative fair value adjustments	(2,034)		(3,037)
Fair value of loans held for investment	$ 500		$ 737

Fair Value Measurements - Sen_2

Fair Value Measurements - Sensitivity Analysis of Loans Held for Investment (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for investment at fair value	$ 427,396	$ 272,678
Loans held for investment | Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for investment at fair value	420,393	262,190
Discount rates, impact of 100 basis point increase	(3,201)	(1,957)
Discount rates, impact of 200 basis point increase	(6,359)	(3,888)
Expected credit loss rates on underlying loans, impact of 10% increase	(3,275)	(1,753)
Expected credit loss rates on underlying loans, impact of 20% increase	(6,717)	(3,595)
Expected prepayment rates, impact of 10% increase	(1,343)	(857)
Expected prepayment rates, impact of 20% increase	$ (2,926)	$ (1,675)
Loans held for investment | Fair Value, Measurements, Recurring | Expected weighted-average life | Weighted- Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Expected remaining weighted-average life (in years)	10 months 24 days	10 months 24 days

Fair Value Measurements - Narra

Fair Value Measurements - Narratives (Details) $ in Thousands	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for investment at fair value	$ 427,396	$ 272,678
Loans held for investment | Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for investment at fair value	420,393	262,190
Loans held for investment | Fair Value, Measurements, Recurring | Retail and certificate loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for investment at fair value	$ 7,000	$ 10,500
Discount rate | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input, debt securities available-for-sale	0.071	0.070
Discount rate | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input, debt securities available-for-sale	0.071	0.070
Discount rate | Weighted- Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input, debt securities available-for-sale	0.071	0.070

Fair Value Measurements - Sen_3

Fair Value Measurements - Sensitivity Analysis of Debt Securities Available-for-Sale (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Sensitivity Analysis of Debt Securities Available-for-Sale [Line Items]
Total securities available for sale	$ 2,228,500	$ 1,620,262
Senior asset-backed securities related to Structured Program transactions
Sensitivity Analysis of Debt Securities Available-for-Sale [Line Items]
Total securities available for sale	1,765,259	1,176,403
Discount rate:
100 basis point increase	(26,006)	(18,016)
200 basis point increase	$ (52,013)	$ (36,033)
Senior asset-backed securities related to Structured Program transactions | Weighted- Average
Sensitivity Analysis of Debt Securities Available-for-Sale [Line Items]
Expected remaining weighted-average life (in years)	1 year 6 months	1 year 6 months
Other asset-backed securities related to Structured Program transactions
Sensitivity Analysis of Debt Securities Available-for-Sale [Line Items]
Total securities available for sale	$ 103,866	$ 73,393
Discount rate:
100 basis point increase	(1,300)	(927)
200 basis point increase	(2,557)	(1,836)
Annualized net charge-off rate
10% increase	(1,169)	(882)
20% increase	(2,340)	(1,771)
Annualized prepayment rate
10% increase	(236)	(203)
20% increase	$ (468)	$ (430)
Other asset-backed securities related to Structured Program transactions | Weighted- Average
Sensitivity Analysis of Debt Securities Available-for-Sale [Line Items]
Expected remaining weighted-average life (in years)	1 year 4 months 24 days	1 year 6 months

Fair Value Measurements - Fai_3

Fair Value Measurements - Fair Value of Servicing Assets to Adverse Changes in Key Assumptions (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Servicing assets	$ 71,830	$ 77,680
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Servicing assets	71,830	77,680
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Servicing assets	71,830	77,680	$ 89,241	$ 84,308
Fair Value, Measurements, Recurring | Level 3 | Servicing Assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Servicing assets	$ 71,830	$ 77,680
Expected remaining weighted-average life (in years)	1 year 2 months 12 days	1 year 2 months 12 days
Discount rates, impact of 100 basis point increase	$ (625)	$ (675)
Discount rates, impact of 200 basis point increase	(1,251)	(1,349)
Expected credit loss on rates on underlying loans, 10% adverse change	(755)	(878)
Expected credit loss on rates on underlying loans, 20% adverse change	(1,509)	(1,756)
Expected prepayment rates, 10% adverse change	(1,459)	(1,550)
Expected prepayment rates, 20% adverse change	$ (2,918)	$ (3,100)

Fair Value Measurements - Addit

Fair Value Measurements - 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, 2024	Dec. 31, 2023
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%	$ (8,096)	$ (8,719)
Servicing rate decrease by .1%	$ 8,096	$ 8,719

Fair Value Measurements - Add_2

Fair Value Measurements - Additional Information about Servicing Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Servicing Assets, Changes in fair value due to:
Fair value at beginning of period	$ 77,680
Fair value at end of period	71,830
Fair Value, Measurements, Recurring
Servicing Assets, Changes in fair value due to:
Fair value at beginning of period	77,680	$ 84,308
Issuances	13,578	14,125
Change in fair value, included in Marketplace revenue	(19,428)	(12,576)
Other net changes	0	3,384
Fair value at end of period	$ 71,830	$ 89,241

Fair Value Measurements - Not M

Fair Value Measurements - Not Measured at Fair Value (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Assets
Loans and leases held for investment, net	$ 427,396	$ 272,678
Other assets	4,156	3,525
Total assets	3,282,297	2,381,918
Liabilities:
Borrowings	8,643	12,956
Other liabilities	13,168	19,727
Total liabilities	21,811	32,683
Level 1
Assets
Loans and leases held for investment, net	0	0
Other assets	0	0
Total assets	0	0
Liabilities:
Borrowings	0	0
Other liabilities	0	0
Total liabilities	0	0
Level 2
Assets
Loans and leases held for investment, net	0	0
Other assets	4,156	3,525
Total assets	363,531	373,991
Liabilities:
Borrowings	0	0
Other liabilities	4,351	12,072
Total liabilities	4,351	12,072
Level 3
Assets
Loans and leases held for investment, net	427,396	272,678
Other assets	0	0
Total assets	2,918,766	2,007,927
Liabilities:
Borrowings	8,643	12,956
Other liabilities	8,817	7,655
Total liabilities	17,460	20,611
Carrying Amount
Assets
Loans and leases held for investment, net	4,246,666	4,539,915
Other assets	37,793	37,605
Total assets	4,284,459	4,577,520
Liabilities:
Deposits	1,544,037	1,714,889
Borrowings	253,907	6,398
Other liabilities	53,325	59,015
Total liabilities	1,851,269	1,780,302
Balance at Fair Value
Assets
Loans and leases held for investment, net	4,389,732	4,675,354
Other assets	38,148	37,901
Total assets	4,427,880	4,713,255
Liabilities:
Deposits	1,544,037	1,714,203
Borrowings	253,907	6,398
Other liabilities	53,325	59,015
Total liabilities	1,851,269	1,779,616
Balance at Fair Value | Level 1
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
Assets
Loans and leases held for investment, net	0	0
Other assets	37,184	36,884
Total assets	37,184	36,884
Liabilities:
Deposits	0	0
Borrowings	250,000	0
Other liabilities	31,855	36,823
Total liabilities	281,855	36,823
Balance at Fair Value | Level 3
Assets
Loans and leases held for investment, net	4,389,732	4,675,354
Other assets	964	1,017
Total assets	4,390,696	4,676,371
Liabilities:
Deposits	1,544,037	1,714,203
Borrowings	3,907	6,398
Other liabilities	21,470	22,192
Total liabilities	$ 1,569,414	$ 1,742,793

Derivative Instruments and He_3

Derivative Instruments and Hedging Activities - Schedule of Notional and Gross Fair Value Amounts of Credit Derivatives (Details) - Credit derivatives - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional	$ 8,748	$ 7,307
Gross Derivative Liability Fair Value	$ (7,786)	$ (6,372)

Derivative Instruments and He_4

Derivative Instruments and Hedging Activities - Narratives (Details) $ in Millions	3 Months Ended
	Mar. 31, 2024 USD ($)
Credit Derivatives [Line Items]
Maximum term of credit risk derivatives	18 months
Credit derivatives
Credit Derivatives [Line Items]
Loss on derivative	$ 1.4
Interest Rate Swap | Minimum
Credit Derivatives [Line Items]
Term of contract	1 year
Interest Rate Swap | Maximum
Credit Derivatives [Line Items]
Term of contract	3 years

Derivative Instruments and He_5

Derivative Instruments and Hedging Activities - Schedule of Notional and Gross Fair Value Amounts of Derivatives used for Hedging (Details) - Interest Rate Swap - Fair Value Hedging - Designated as Hedging Instrument - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional	$ 1,500,000	$ 1,500,000
Gross Derivative Liability Fair Value	$ (195)	$ (8,547)

Derivative Instruments and He_6

Derivative Instruments and Hedging Activities - Schedule of Gains (Losses) Related to Fair Value Hedges (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($)
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedged item	$ (8,672)
Fair Value Hedging | Designated as Hedging Instrument
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivatives used for hedging	8,352
Interest settlement on derivative	1,373
Fair Value Hedging | Designated as Hedging Instrument | Interest Rate Swap
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total gains on fair value hedges	$ 1,053

Derivative Instruments and He_7

Derivative Instruments and Hedging Activities - Schedule of Fair Value Hedges (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedged layer of loans with a carrying amount	$ 1,500,000	$ 1,500,000
Loans and leases held for investment at amortized cost
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Carrying Amount of Hedged Item	2,613,869	3,109,854
Cumulative Fair Value Adjustment to Hedged Item	$ 209	$ 8,881

Property, Equipment and Softw_3

Property, Equipment and Software, Net - Summary of Property, Equipment and Software (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Software	$ 222,690	$ 209,260
Leasehold improvements	30,699	30,764
Computer equipment	21,645	21,654
Furniture and fixtures	5,554	5,845
Total property, equipment and software	280,588	267,523
Accumulated depreciation and amortization	(116,956)	(106,006)
Total property, equipment and software, net	163,632	161,517
Internal-use software
Property, Plant and Equipment [Line Items]
Total property, equipment and software	58,300	66,900
Purchased software
Property, Plant and Equipment [Line Items]
Total property, equipment and software	$ 4,300	$ 4,600

Property, Equipment and Softw_4

Property, Equipment and Software, Net - Narratives (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Property, Plant and Equipment [Line Items]
Depreciation and amortization expense	$ 12,673	$ 12,354
Property, Equipment and Software
Property, Plant and Equipment [Line Items]
Depreciation and amortization expense	$ 11,700	$ 11,200

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Narratives (Details) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Goodwill	$ 75,717,000		$ 75,717,000
Goodwill impairment	0	$ 0
Amortization expense	1,000,000	1,100,000
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, 2024	Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Net carrying value	$ 11,165
Customer Relationships
Finite-Lived Intangible Assets [Line Items]
Gross carrying value	54,500	$ 54,500
Accumulated amortization	(43,335)	(42,365)
Net carrying value	$ 11,165	$ 12,135

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Schedule of Expected Future Amortization Expense for Intangible Assets (Details) $ in Thousands	Mar. 31, 2024 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2024	$ 2,579
2025	2,901
2026	2,252
2027	1,603
2028	945
Thereafter	885
Net carrying value	$ 11,165

Other Assets - Schedule of Othe

Other Assets - Schedule of Other Assets (Details) - USD ($) $ in Thousands		Mar. 31, 2024	Dec. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Deferred tax assets, net		$ 149,669	$ 151,411
Servicing assets		72,440	78,401
Nonmarketable equity investments		55,047	42,891
Accrued interest receivable		38,153	35,793
Operating lease assets		24,824	26,611
Intangible assets, net		11,165	12,135
Other		98,844	108,211
Total other assets	[1]	450,142	455,453
Principal balance of underlying loan servicing rights		$ 8,800,000	$ 9,500,000
[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, 2024	Dec. 31, 2023
Interest-bearing deposits:
Savings and money market accounts	$ 4,695,523	$ 4,349,239
Certificates of deposit	1,544,037	1,714,889
Checking accounts	974,469	937,552
Total	7,214,029	7,001,680
Noninterest-bearing deposits	307,626	331,806
Total deposits	$ 7,521,655	$ 7,333,486

Deposits - Maturity Schedule (D

Deposits - Maturity Schedule (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Other Liabilities Disclosure [Abstract]
2024	$ 1,248,282
2025	278,179
2026	3,544
2027	10,099
2028	2,019
Thereafter	1,914
Total certificates of deposit	$ 1,544,037	$ 1,714,889

Deposits - Certificates of Depo

Deposits - Certificates of Deposit exceeding FDIC limit (Details) $ in Thousands	Mar. 31, 2024 USD ($)
Other Liabilities Disclosure [Abstract]
Three months or less	$ 8,490
Over 3 months through 6 months	48,036
Over 6 months through 12 months	119,352
Over 12 months	6,774
Total	$ 182,652

Borrowings - Available Borrowin

Borrowings - Available Borrowing Capacity and the Related Pledged Collateral (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Available Borrowing Capacity	$ 2,891,322	$ 3,477,838
Assets Pledged As Collateral
Debt Instrument [Line Items]
Pledged Collateral	3,857,348	4,346,052
FRB Discount Window | Assets Pledged As Collateral
Debt Instrument [Line Items]
Pledged Collateral	3,028,916	3,507,541
FHLB of Des Moines | Assets Pledged As Collateral
Debt Instrument [Line Items]
Pledged Collateral	828,432	838,511
FRB Discount Window
Debt Instrument [Line Items]
Available Borrowing Capacity	2,490,762	2,816,501
FHLB of Des Moines
Debt Instrument [Line Items]
Available Borrowing Capacity	400,560	$ 661,337
Short-term debt	$ 250,000

Borrowings - Narrative (Details

Borrowings - Narrative (Details) $ in Millions	1 Months Ended
	Mar. 31, 2024 USD ($)
FHLB of Des Moines
Short-Term Debt [Line Items]
Proceeds from short-term debt	$ 250

Borrowings - Long-Term Debt (De

Borrowings - Long-Term Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Consolidated | Payables to Securitization Holders
Debt Instrument [Line Items]
Restricted cash	$ 3,100	$ 3,400
PPPLF
Debt Instrument [Line Items]
Interest rate	0.35%
Outstanding borrowings	$ 3,907	6,398
Retail notes and certificates
Debt Instrument [Line Items]
Outstanding borrowings	7,003	10,488
Payable on Structured Program borrowings
Debt Instrument [Line Items]
Outstanding borrowings	1,640	2,468
PPPLF
Debt Instrument [Line Items]
Pledged Collateral	3,590	6,392
Payable on Structured Program borrowings
Debt Instrument [Line Items]
Pledged Collateral	$ 3,071	3,930
Other long-term debt | Consolidated | Loans Held for Investment and Loans Held for Sale | Payables to Securitization Holders
Debt Instrument [Line Items]
Pledged Collateral		$ 500

Other Liabilities (Details)

Other Liabilities (Details) - USD ($) $ in Thousands		Mar. 31, 2024	Dec. 31, 2023
Payables and Accruals [Abstract]
Accounts payable and accrued expenses		$ 46,306	$ 54,619
Operating lease liabilities		35,138	37,869
Payable to investors		31,855	36,823
Other		81,038	93,490
Total other liabilities	[1]	$ 194,337	$ 222,801
[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 (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Stock options
Stock-based compensation expense, gross	$ 13,599	$ 14,292
Less: Capitalized stock-based compensation expense	2,055	2,404
Stock-based compensation expense, net	11,544	11,888
RSUs
Stock options
Stock-based compensation expense, gross	11,982	13,590
PBRSUs
Stock options
Stock-based compensation expense, gross	$ 1,617	$ 702

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, 2024 $ / shares shares
RSUs
Number of Units
Unvested, beginning (shares) | shares	6,999,831
Granted (shares) | shares	3,541,491
Vested (shares) | shares	(1,266,737)
Forfeited/expired (shares) | shares	(110,402)
Unvested, ending (shares) | shares	9,164,183
Weighted- Average Grant Date Fair Value
Unvested, beginning ($ per share) | $ / shares	$ 9.42
Granted ($ per share) | $ / shares	8.55
Vested ($ per share) | $ / shares	10.38
Forfeited/expired ($ per share) | $ / shares	9.04
Unvested, ending ($ per share) | $ / shares	$ 8.96
PBRSUs
Number of Units
Unvested, beginning (shares) | shares	1,469,813
Granted (shares) | shares	462,060
Forfeited/expired (shares) | shares	(364,970)
Unvested, ending (shares) | shares	1,566,903
Weighted- Average Grant Date Fair Value
Unvested, beginning ($ per share) | $ / shares	$ 12.60
Granted ($ per share) | $ / shares	8.59
Forfeited/expired ($ per share) | $ / shares	24.54
Unvested, ending ($ per share) | $ / shares	$ 8.64

Employee Incentive Plans - Narr

Employee Incentive Plans - Narratives (Details) $ in Millions	3 Months Ended
	Mar. 31, 2024 USD ($) shares
RSUs
Stock options
Granted (shares) | shares	3,541,491
Equity instruments other than options, aggregate fair value	$ 30.3
Unrecognized compensation cost related to unvested awards	$ 76.7
Unrecognized compensation cost, period for recognition	2 years 1 month 6 days
PBRSUs
Stock options
Granted (shares) | shares	462,060
Equity instruments other than options, aggregate fair value	$ 4
Unrecognized compensation cost related to unvested awards	$ 8.3
Unrecognized compensation cost, period for recognition	1 year 9 months 18 days
Performance period	3 years

Income Taxes - Narratives (Deta

Income Taxes - Narratives (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Tax Disclosure [Abstract]
Income tax expense	$ 4,278	$ 4,136
Effective tax rate	25.90%	23.20%

Income Taxes - Deferred Tax Ass

Income Taxes - Deferred Tax Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Deferred tax assets, net of liabilities	$ 195,777	$ 197,519
Valuation allowance	(46,108)	(46,108)
Deferred tax assets, net of valuation allowance	$ 149,669	$ 151,411

Leases - Narratives (Details)

Leases - Narratives (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Lessee, Lease, Description [Line Items]
Sales-type lease, interest income	$ 1,700	$ 2,900
Lease renewal term	15 years
Security deposit	$ 400
Letters of credit outstanding, amount	1,100
Occupancy
Lessee, Lease, Description [Line Items]
Operating lease costs	$ 2,600	$ 2,900
Minimum
Lessee, Lease, Description [Line Items]
Lease term	2 years
Maximum
Lessee, Lease, Description [Line Items]
Lease term	5 years

Leases - Components of Equipmen

Leases - Components of Equipment Finance Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Leases [Abstract]
Lease receivables	$ 82,710	$ 92,546
Unguaranteed residual asset values	28,489	28,913
Unearned income	(9,840)	(11,072)
Deferred fees	543	605
Total	$ 101,902	$ 110,992

Leases - Future Minimum Lease P

Leases - Future Minimum Lease Payments Receivable (Details) $ in Thousands	Mar. 31, 2024 USD ($)
Leases [Abstract]
2024	$ 28,281
2025	27,236
2026	16,408
2027	7,836
2028	4,057
Thereafter	1,549
Total lease payments	85,367
Discount effect	(2,657)
Present value of future minimum lease payments	$ 82,710

Leases - Supplemental Balance S

Leases - Supplemental Balance Sheet Information (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Leases [Abstract]
Operating lease assets, balance sheet classification	Other assets	Other assets
Operating lease assets	$ 24,824	$ 26,611
Operating lease liabilities, balance sheet classification	Other liabilities	Other liabilities
Operating lease liabilities	$ 35,138	$ 37,869

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Leases [Abstract]
Leased assets obtained or adjusted in exchange for new, amended, and modified operating lease liabilities	$ 0	$ (4,664)

Leases - Future Operating Lease

Leases - Future Operating Lease Payments and Sublease Revenue (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Operating Lease Payments
2024	$ 9,635
2025	13,129
2026	7,228
2027	4,265
2028	3,922
Thereafter	909
Total lease payments	39,088
Discount effect	(3,950)
Present value of future minimum lease payments	$ 35,138	$ 37,869

Leases - Weighted-average Lease

Leases - Weighted-average Lease Term and Discount Rate (Details)	Mar. 31, 2024	Dec. 31, 2023
Leases [Abstract]
Weighted-average remaining lease term (in years)	3 years 6 months 3 days	3 years 8 months 19 days
Weighted-average discount rate	5.02%	5.04%

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023
Unfunded Loan Commitment, Commitments To Extend Credit
Loss Contingencies [Line Items]
Unfunded loan commitments	$ 72.1	$ 78.1	$ 117.2

Regulatory Requirements - Narra

Regulatory Requirements - Narratives (Details) $ in Millions	Dec. 31, 2021 USD ($)
Regulated Operations [Abstract]
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, 2024 USD ($)	Dec. 31, 2023 USD ($)
Parent
Amount
CET1 capital	$ 1,100.9	$ 1,090.2
Tier 1 capital	1,100.9	1,090.2
Total capital	1,181	1,169.2
Tier 1 leverage	1,100.9	1,090.2
Risk-weighted assets	6,254.9	6,104.5
Quarterly adjusted average assets	$ 8,799.8	$ 8,476.1
Ratio
CET1 capital	0.176	0.179
Tier 1 capital	0.176	0.179
Total capital	0.189	0.192
Tier 1 leverage	0.125	0.129
Required Minimum plus Required CCB for Non-Leverage Ratios
CET1 capital	0.070
Tier 1 capital	0.085
Total capital	0.105
Tier 1 leverage	0.040
LendingClub Bank
Amount
CET1 capital	$ 949.4	$ 949.4
Tier 1 capital	949.4	949.4
Total capital	1,028.6	1,027.4
Tier 1 leverage	949.4	949.4
Risk-weighted assets	6,180.2	6,022.2
Quarterly adjusted average assets	$ 8,666.7	$ 8,337.4
Ratio
CET1 capital	0.154	0.158
Tier 1 capital	0.154	0.158
Total capital	0.166	0.171
Tier 1 leverage	0.110	0.114
Required Minimum plus Required CCB for Non-Leverage Ratios
CET1 capital	0.070
Tier 1 capital	0.085
Total capital	0.105
Tier 1 leverage	0.040

Segment Reporting - Narratives

Segment Reporting - Narratives (Details)	3 Months Ended
	Mar. 31, 2024
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, 2024	Mar. 31, 2023
Segment Reporting Information [Line Items]
Marketplace revenue	$ 55,891	$ 95,634
Other non-interest income	1,909	3,356
Total non-interest income	57,800	98,990
Interest income	207,351	202,413
Interest expense	(84,463)	(55,709)
Net interest income	122,888	146,704
Total net revenue	180,688	245,694
Provision for credit losses	(31,927)	(70,584)
Non-interest expense	(132,233)	(157,308)
Income before income tax expense	16,528	17,802
Income tax benefit (expense)	(4,278)	(4,136)
Net income	12,250	13,666
Capital expenditures	11,781	16,398
Depreciation and amortization	12,673	12,354
Operating Segments | LendingClub Bank
Segment Reporting Information [Line Items]
Marketplace revenue	38,515	72,688
Other non-interest income	13,695	19,161
Total non-interest income	52,210	91,849
Interest income	204,807	198,330
Interest expense	(84,123)	(53,896)
Net interest income	120,684	144,434
Total net revenue	172,894	236,283
Provision for credit losses	(31,927)	(70,584)
Non-interest expense	(126,496)	(148,383)
Income before income tax expense	14,471	17,316
Income tax benefit (expense)	(3,685)	(4,256)
Net income	10,786	13,060
Capital expenditures	11,781	16,398
Depreciation and amortization	10,166	6,894
Operating Segments | LendingClub Corporation (Parent only)
Segment Reporting Information [Line Items]
Marketplace revenue	9,828	13,108
Other non-interest income	1,946	2,553
Total non-interest income	11,774	15,661
Interest income	2,544	4,083
Interest expense	(340)	(1,813)
Net interest income	2,204	2,270
Total net revenue	13,978	17,931
Provision for credit losses	0	0
Non-interest expense	(11,921)	(17,445)
Income before income tax expense	2,057	486
Income tax benefit (expense)	(593)	120
Net income	1,464	606
Capital expenditures	0	0
Depreciation and amortization	2,507	5,460
Intercompany Eliminations
Segment Reporting Information [Line Items]
Marketplace revenue	7,548	9,838
Other non-interest income	(13,732)	(18,358)
Total non-interest income	(6,184)	(8,520)
Interest income	0	0
Interest expense	0	0
Net interest income	0	0
Total net revenue	(6,184)	(8,520)
Provision for credit losses	0	0
Non-interest expense	6,184	8,520
Income before income tax expense	0	0
Income tax benefit (expense)	0	0
Net income	0	0
Capital expenditures	0	0
Depreciation and amortization	$ 0	$ 0

Segment Reporting - Balance She

Segment Reporting - Balance Sheets (Details) - USD ($) $ in Thousands		Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Assets
Total cash and cash equivalents		$ 1,066,279	$ 1,252,504
Restricted cash	[1]	36,081	41,644
Total securities available for sale		2,228,500	1,620,262
Loans held for sale at fair value		550,415	407,773
Loans and leases held for investment, net		4,246,666	4,539,915
Loans held for investment at fair value	[1],[2]	427,396	272,678
Property, equipment and software, net		163,632	161,517
Investment in subsidiary		0	0
Goodwill		75,717	75,717
Other assets	[1]	450,142	455,453
Total assets		9,244,828	8,827,463
Liabilities and Equity
Total deposits		7,521,655	7,333,486
Borrowings	[1],[2]	262,550	19,354
Other liabilities	[1]	194,337	222,801
Liabilities		7,978,542	7,575,641
Total equity		1,266,286	1,251,822	$ 1,190,742	$ 1,164,294
Total liabilities and equity		9,244,828	8,827,463
Operating Segments | LendingClub Bank
Assets
Total cash and cash equivalents		1,044,809	1,230,206
Restricted cash		0	0
Total securities available for sale		2,227,233	1,617,309
Loans held for sale at fair value		550,415	407,773
Loans and leases held for investment, net		4,246,666	4,539,915
Loans held for investment at fair value		414,607	253,800
Property, equipment and software, net		149,078	144,439
Investment in subsidiary		0	0
Goodwill		75,717	75,717
Other assets		350,509	341,680
Total assets		9,059,034	8,610,839
Liabilities and Equity
Total deposits		7,630,455	7,426,445
Borrowings		253,907	6,398
Other liabilities		133,229	154,077
Liabilities		8,017,591	7,586,920
Total equity		1,041,443	1,023,919
Total liabilities and equity		9,059,034	8,610,839
Operating Segments | LendingClub Corporation (Parent only)
Assets
Total cash and cash equivalents		125,402	110,273
Restricted cash		40,949	46,628
Total securities available for sale		1,267	2,953
Loans held for sale at fair value		0	0
Loans and leases held for investment, net		0	0
Loans held for investment at fair value		12,789	18,878
Property, equipment and software, net		14,554	17,078
Investment in subsidiary		829,172	816,703
Goodwill		0	0
Other assets		116,012	131,135
Total assets		1,140,145	1,143,648
Liabilities and Equity
Total deposits		0	0
Borrowings		8,643	12,956
Other liabilities		77,487	86,086
Liabilities		86,130	99,042
Total equity		1,054,015	1,044,606
Total liabilities and equity		1,140,145	1,143,648
Intercompany Eliminations
Assets
Total cash and cash equivalents		(103,932)	(87,975)
Restricted cash		(4,868)	(4,984)
Total securities available for sale		0	0
Loans held for sale at fair value		0	0
Loans and leases held for investment, net		0	0
Loans held for investment at fair value		0	0
Property, equipment and software, net		0	0
Investment in subsidiary		(829,172)	(816,703)
Goodwill		0	0
Other assets		(16,379)	(17,362)
Total assets		(954,351)	(927,024)
Liabilities and Equity
Total deposits		(108,800)	(92,959)
Borrowings		0	0
Other liabilities		(16,379)	(17,362)
Liabilities		(125,179)	(110,321)
Total equity		(829,172)	(816,703)
Total liabilities and equity		$ (954,351)	$ (927,024)
[1]Includes amounts in consolidated variable interest entities (VIEs). See “ Notes to Condensed Consolidated Financial Statements – Note 6. Securitizations and Variable Interest Entities .”