LendingClub (LC) 10-Q 1 Aug 24 2024 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2024	Jul. 19, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 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		111,816,791
Entity Central Index Key	0001409970
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Amendment Flag	false
Transition Report	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands		Jun. 30, 2024	Dec. 31, 2023
Assets
Cash and due from banks		$ 19,099	$ 14,993
Interest-bearing deposits in banks		919,020	1,237,511
Total cash and cash equivalents		938,119	1,252,504
Restricted cash	[1]	31,332	41,644
Securities available for sale at fair value ($2,869,880 and $1,663,990 at amortized cost, respectively)		2,814,383	1,620,262
Loans held for sale at fair value		791,059	407,773
Loans and leases held for investment		4,228,391	4,850,302
Allowance for loan and lease losses		(228,909)	(310,387)
Loans and leases held for investment, net		3,999,482	4,539,915
Loans held for investment at fair value	[1],[2]	339,222	272,678
Property, equipment and software, net		166,150	161,517
Goodwill		75,717	75,717
Other assets	[1]	430,586	455,453
Total assets		9,586,050	8,827,463
Deposits:
Interest-bearing		7,759,632	7,001,680
Noninterest-bearing		335,696	331,806
Total deposits		8,095,328	7,333,486
Borrowings	[1],[2]	5,474	19,354
Other liabilities	[1]	197,303	222,801
Total liabilities		8,298,105	7,575,641
Equity
Common stock, $0.01 par value; 180,000,000 shares authorized; 111,812,215 and 110,410,602 shares issued and outstanding, respectively		1,118	1,104
Additional paid-in capital		1,685,865	1,669,828
Accumulated deficit		(361,653)	(388,806)
Accumulated other comprehensive loss		(37,385)	(30,304)
Total equity		1,287,945	1,251,822
Total liabilities and equity		$ 9,586,050	$ 8,827,463
[1]Includes amounts in consolidated 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	Jun. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Securities available for sale at amortized cost	$ 2,869,880	$ 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)	111,812,215	110,410,602
Common stock, shares outstanding (in shares)	111,812,215	110,410,602

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Non-interest income:
Marketplace revenue		$ 56,353	$ 82,783	$ 112,244	$ 178,417
Other non-interest income		2,360	3,035	4,269	6,391
Total non-interest income		58,713	85,818	116,513	184,808
Interest income:
Interest on loans held for sale		26,721	4,433	41,420	10,190
Interest and fees on loans and leases held for investment		124,819	162,085	257,212	312,552
Interest on loans held for investment at fair value	[1]	12,047	22,886	20,456	51,461
Interest on securities available for sale		42,879	5,948	78,226	9,848
Other interest income		13,168	19,134	29,671	32,848
Total interest income		219,634	214,486	426,985	416,899
Interest expense:
Interest on deposits		90,193	66,521	174,156	119,794
Other interest expense	[1]	913	1,313	1,413	3,749
Total interest expense		91,106	67,834	175,569	123,543
Net interest income		128,528	146,652	251,416	293,356
Total net revenue		187,241	232,470	367,929	478,164
Provision for credit losses		35,561	66,595	67,488	137,179
Non-interest expense:
Compensation and benefits		56,540	71,553	116,094	144,860
Marketing		26,665	23,940	50,801	50,820
Equipment and software		12,360	13,968	25,044	27,664
Depreciation and amortization		13,072	11,638	25,745	23,992
Professional services		7,804	9,974	14,895	19,032
Occupancy		3,941	4,684	7,802	8,994
Other non-interest expense		11,876	15,322	24,110	33,025
Total non-interest expense		132,258	151,079	264,491	308,387
Income before income tax expense		19,422	14,796	35,950	32,598
Income tax expense		(4,519)	(4,686)	(8,797)	(8,822)
Net income		$ 14,903	$ 10,110	$ 27,153	$ 23,776
Earnings per share:
Basic EPS ($ per share)	[2]	$ 0.13	$ 0.09	$ 0.24	$ 0.22
Diluted EPS ($ per share)	[2]	$ 0.13	$ 0.09	$ 0.24	$ 0.22
Weighted-average common shares – Basic (in shares)	[2]	111,395,025	107,892,590	111,040,410	107,405,072
Weighted-average common shares – Diluted (in shares)	[2]	111,466,497	107,895,072	111,076,938	107,409,129
[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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 14,903	$ 10,110	$ 27,153	$ 23,776
Other comprehensive loss:
Change in net unrealized loss on securities available for sale	(256)	(7,758)	(9,686)	(2,159)
Other comprehensive loss, before tax	(256)	(7,758)	(9,686)	(2,159)
Income tax effect	68	2,107	2,605	587
Other comprehensive loss, net of tax	(188)	(5,651)	(7,081)	(1,572)
Total comprehensive income	$ 14,715	$ 4,459	$ 20,072	$ 22,204

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	32,091		32,091
Net issuances under equity incentive plans (in shares)		2,147,125
Net issuances under equity incentive plans	(13,066)	$ 22	(13,088)
Net unrealized loss on securities available for sale, net of tax	(1,572)			(1,572)
Net income	23,776				23,776
Ending balance (in shares) at Jun. 30, 2023		108,694,120
Ending balance at Jun. 30, 2023	1,205,523	$ 1,087	1,647,593	(39,188)	(403,969)
Beginning balance (in shares) at Mar. 31, 2023		107,460,734
Beginning balance at Mar. 31, 2023	1,190,742	$ 1,075	1,637,283	(33,537)	(414,079)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation	18,021		18,021
Net issuances under equity incentive plans (in shares)		1,233,386
Net issuances under equity incentive plans	(7,699)	$ 12	(7,711)
Net unrealized loss on securities available for sale, net of tax	(5,651)			(5,651)
Net income	10,110				10,110
Ending balance (in shares) at Jun. 30, 2023		108,694,120
Ending balance at Jun. 30, 2023	$ 1,205,523	$ 1,087	1,647,593	(39,188)	(403,969)
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	24,914		24,914
Net issuances under equity incentive plans (in shares)		1,401,613
Net issuances under equity incentive plans	(8,863)	$ 14	(8,877)
Net unrealized loss on securities available for sale, net of tax	(7,081)			(7,081)
Net income	$ 27,153				27,153
Ending balance (in shares) at Jun. 30, 2024	111,812,215	111,812,215
Ending balance at Jun. 30, 2024	$ 1,287,945	$ 1,118	1,685,865	(37,385)	(361,653)
Beginning balance (in shares) at Mar. 31, 2024		111,120,415
Beginning balance at Mar. 31, 2024	1,266,286	$ 1,111	1,678,928	(37,197)	(376,556)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation	11,315		11,315
Net issuances under equity incentive plans (in shares)		691,800
Net issuances under equity incentive plans	(4,371)	$ 7	(4,378)
Net unrealized loss on securities available for sale, net of tax	(188)			(188)
Net income	$ 14,903				14,903
Ending balance (in shares) at Jun. 30, 2024	111,812,215	111,812,215
Ending balance at Jun. 30, 2024	$ 1,287,945	$ 1,118	$ 1,685,865	$ (37,385)	$ (361,653)

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024 USD ($)		Jun. 30, 2024 USD ($)		Jun. 30, 2023 USD ($)
Cash Flows from Operating Activities:
Net income	$ 14,903		$ 27,153		$ 23,776
Adjustments to reconcile net income to net cash (used for) provided by operating activities:
Net fair value adjustments	51,395		96,084		38,856
Change in fair value of loan servicing assets			35,296		29,650
Gain on sales of loans			(21,657)		(27,346)
Provision for credit losses	35,561		67,488		137,179
Accretion of loan deferred fees and costs			(36,686)		(50,292)
Stock-based compensation, net			20,993		27,716
Depreciation and amortization			25,745		23,992
Other, net			1,258		(6,363)
Net change to loans held for sale			(1,980,860)		(138,347)
Net change in operating assets and liabilities:
Other assets			8,257		14,065
Other liabilities			(22,044)		(49,751)
Net cash (used for) provided by operating activities			(1,778,973)		23,135
Cash Flows from Investing Activities:
Net change in loans and leases			435,152	[1]	(191,945)	[1]
Purchases of securities available for sale			(15,341)		(45,120)
Proceeds from maturities and paydowns of securities available for sale			309,956		19,022
Purchases of property, equipment and software, net			(24,646)		(32,255)
Other investing activities			(1,271)		(7,600)
Net cash provided by (used for) investing activities			703,850		(257,898)
Cash Flows from Financing Activities:
Net change in deposits			773,171		450,559
Principal payments on borrowings			(14,211)	[1]	(88,498)	[1]
Other financing activities			(8,534)		(13,066)
Net cash provided by financing activities			750,426		348,995
Net (Decrease) Increase in Cash, Cash Equivalents and Restricted Cash			(324,697)		114,232
Cash, Cash Equivalents and Restricted Cash, Beginning of Period			1,294,148		1,124,484
Cash, Cash Equivalents and Restricted Cash, End of Period	969,451		969,451		1,238,716
Supplemental Cash Flow Information:
Cash paid for interest			178,261		115,112
Cash paid for taxes			52		7,245
Cash paid for operating leases included in the measurement of lease liabilities			6,360		6,364
Supplemental Non-cash Investing Activity:
Net securities retained from Structured Program transactions			1,498,125		153,229
Cash, Cash Equivalents, and Restricted Cash
Cash and cash equivalents	938,119		938,119
Restricted cash	31,332	[2]	31,332	[2]
Total cash, cash equivalents and restricted cash	$ 969,451		$ 969,451		$ 1,238,716
[1]Prior period amounts have been reclassified to conform to the current period presentation.[2]Includes amounts in consolidated VIEs. See “ Notes to Condensed Consolidated Financial Statements – Note 6. Securitizations and Variable Interest Entities .”

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 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 half 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 six months ended June 30, 2024. Adoption of New Accounting Standards The Company did not adopt new accounting standards during the six months ended June 30, 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	6 Months Ended
	Jun. 30, 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 Six Months Ended 2024 2023 2024 2023 Origination fees $ 77,131 $ 70,989 $ 147,210 $ 141,532 Servicing fees 19,869 22,015 39,461 48,395 Gain on sales of loans 10,748 13,221 21,657 27,346 Net fair value adjustments (51,395) (23,442) (96,084) (38,856) Total marketplace revenue $ 56,353 $ 82,783 $ 112,244 $ 178,417

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 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 Six Months Ended 2024 2023 2024 2023 Basic EPS: Net income attributable to stockholders $ 14,903 $ 10,110 $ 27,153 $ 23,776 Weighted-average common shares – Basic 111,395,025 107,892,590 111,040,410 107,405,072 Basic EPS $ 0.13 $ 0.09 $ 0.24 $ 0.22 Diluted EPS: Net income attributable to stockholders $ 14,903 $ 10,110 $ 27,153 $ 23,776 Weighted-average common shares – Diluted 111,466,497 107,895,072 111,076,938 107,409,129 Diluted EPS $ 0.13 $ 0.09 $ 0.24 $ 0.22

Securities Available for Sale

Securities Available for Sale	6 Months Ended
	Jun. 30, 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: June 30, 2024 Amortized Gross Gross Allowance for Credit Losses Fair Senior asset-backed securities related to Structured Program transactions $ 2,300,892 $ 11,369 $ (147) $ — $ 2,312,114 U.S. agency residential mortgage-backed securities 258,894 42 (42,600) — 216,336 Other asset-backed securities related to Structured Program transactions (1) 137,910 3 (285) (2,083) 135,545 U.S. agency securities 93,455 — (14,388) — 79,067 Mortgage-backed securities 51,356 8 (6,093) — 45,271 Other asset-backed securities 24,126 30 (601) — 23,555 Municipal securities 3,247 — (752) — 2,495 Total securities available for sale (2) $ 2,869,880 $ 11,452 $ (64,866) $ (2,083) $ 2,814,383 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 June 30, 2024 and December 31, 2023, $135.5 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 June 30, 2024 and December 31, 2023, includes $356.6 million and $359.5 million, respectively, of securities pledged as collateral at fair value. A summary of AFS securities with unrealized losses, aggregated by period of continuous unrealized loss, is as follows: Less than 12 months Total June 30, 2024 Fair Unrealized Fair Unrealized Fair Unrealized Senior asset-backed securities related to Structured Program transactions $ 134,085 $ (147) $ — $ — $ 134,085 $ (147) U.S. agency residential mortgage-backed securities 15,321 (182) 194,767 (42,418) 210,088 (42,600) Other asset-backed securities related to Structured Program transactions 32,936 (285) — — 32,936 (285) U.S. agency securities 2,994 (6) 76,073 (14,382) 79,067 (14,388) Mortgage-backed securities 9,704 (129) 33,066 (5,964) 42,770 (6,093) Other asset-backed securities 1,045 — 13,624 (601) 14,669 (601) Municipal securities — — 2,495 (752) 2,495 (752) Total securities with unrealized losses $ 196,085 $ (749) $ 320,025 $ (64,117) $ 516,110 $ (64,866) 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 June 30, 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 June 30, 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: Other asset-backed securities related to Structured Program transactions Three Months Ended June 30, 2024 Six Months Ended June 30, 2024 Allowance for credit losses at beginning of period $ 2,892 $ — Credit loss expense (benefit) for securities available for sale (809) 2,083 Allowance for credit losses at end of period $ 2,083 $ 2,083 There was no activity in the allowance for credit losses for AFS securities during the second quarter and first half of 2023. The contractual maturities of AFS securities were as follows: June 30, 2024 Amortized Cost Fair Value Weighted- average Yield (1) Due within 1 year: U.S. agency securities $ 3,000 $ 2,955 Total due within 1 year 3,000 2,955 3.50 % Due after 1 year through 5 years: Senior asset-backed securities related to Structured Program transactions $ 2,300,892 $ 2,312,114 Other asset-backed securities related to Structured Program transactions 137,910 135,545 U.S. agency securities 7,850 7,520 Mortgage-backed securities 1,649 1,496 Other asset-backed securities 380 381 Municipal securities 154 135 U.S. agency residential mortgage-backed securities 2 2 Total due after 1 year through 5 years 2,448,837 2,457,193 7.82 % Due after 5 years through 10 years: U.S. agency securities 21,998 19,854 Other asset-backed securities 13,821 13,811 U.S. agency residential mortgage-backed securities 4,313 4,055 Mortgage-backed securities 2,001 1,678 Municipal securities 465 393 Total due after 5 years through 10 years 42,598 39,791 4.17 % Due after 10 years: U.S. agency residential mortgage-backed securities 254,579 212,279 U.S. agency securities 60,607 48,738 Mortgage-backed securities 47,706 42,097 Other asset-backed securities 9,925 9,363 Municipal securities 2,628 1,967 Total due after 10 years 375,445 314,444 2.81 % Total securities available for sale $ 2,869,880 $ 2,814,383 6.92 % (1) The weighted-average yield is computed using the average month-end amortized cost during the six months ended June 30, 2024. There were no sales of AFS securities during the second quarters and first halves 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	6 Months Ended
	Jun. 30, 2024
Receivables [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 June 30, 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: June 30, 2024 December 31, 2023 Unsecured personal $ 3,144,504 $ 3,726,830 Residential mortgages 178,290 183,050 Secured consumer 244,288 250,039 Total consumer loans held for investment 3,567,082 4,159,919 Equipment finance (1) 83,770 110,992 Commercial real estate 381,873 380,322 Commercial and industrial 195,666 199,069 Total commercial loans and leases held for investment 661,309 690,383 Total loans and leases held for investment 4,228,391 4,850,302 Allowance for loan and lease losses (228,909) (310,387) Loans and leases held for investment, net (2) $ 3,999,482 $ 4,539,915 (1) Comprised of sales-type leases for equipment. See “ Note 17. Leases ” for additional information. (2) As of June 30, 2024 and December 31, 2023, the Company had $3.3 billion and $4.0 billion in loans pledged as collateral. This was comprised of $2.8 billion and $3.5 billion in loans pledged as collateral under the Federal Reserve Bank (FRB) Discount Window and $475.9 million and $479.0 million in loans pledged to the Federal Home Loan Bank ( FHLB) of Des Moines as of June 30, 2024 and December 31, 2023, respectively. The following table presents the components of the allowance for loan and lease losses (ALLL): June 30, 2024 December 31, 2023 Gross allowance for loan and lease losses (1) $ 285,368 $ 355,773 Recovery asset value (2) (56,459) (45,386) Allowance for loan and lease losses $ 228,909 $ 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. June 30, 2024 Consumer Commercial Total Loans and leases held for investment $ 3,567,082 $ 661,309 $ 4,228,391 Allowance for loan and lease losses $ 210,729 $ 18,180 $ 228,909 Allowance ratio (1) 5.9 % 2.7 % 5.4 % Gross allowance for loan and lease losses $ 267,188 $ 18,180 $ 285,368 Gross allowance ratio (1) 7.5 % 2.7 % 6.7 % 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 by portfolio segment was as follows: Three Months Ended June 30, 2024 2023 Consumer Commercial Total Consumer Commercial Total Allowance for loan and lease losses, beginning of period $ 246,280 $ 12,870 $ 259,150 $ 333,546 $ 15,311 $ 348,857 Credit loss expense (benefit) for loans and leases held for investment 30,760 5,817 36,577 66,874 (684) 66,190 Charge-offs (1) (77,494) (594) (78,088) (63,345) (924) (64,269) Recoveries 11,183 87 11,270 4,086 299 4,385 Allowance for loan and lease losses, end of period $ 210,729 $ 18,180 $ 228,909 $ 341,161 $ 14,002 $ 355,163 Reserve for unfunded lending commitments, beginning of period $ — $ 1,662 $ 1,662 $ 67 $ 1,545 $ 1,612 Credit loss expense (benefit) for unfunded lending commitments — (207) (207) (67) 472 405 Reserve for unfunded lending commitments, end of period (2) $ — $ 1,455 $ 1,455 $ — $ 2,017 $ 2,017 Six Months Ended June 30, 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 (benefit) for loans and leases held for investment 58,446 7,377 65,823 137,558 (518) 137,040 Charge-offs (1) (166,604) (1,826) (168,430) (115,557) (1,275) (116,832) Recoveries 20,826 303 21,129 6,671 432 7,103 Allowance for loan and lease losses, end of period $ 210,729 $ 18,180 $ 228,909 $ 341,161 $ 14,002 $ 355,163 Reserve for unfunded lending commitments, beginning of period $ — $ 1,873 $ 1,873 $ 18 $ 1,860 $ 1,878 Credit loss expense (benefit) for unfunded lending commitments — (418) (418) (18) 157 139 Reserve for unfunded lending commitments, end of period (2) $ — $ 1,455 $ 1,455 $ — $ 2,017 $ 2,017 (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 $91.5 million and $108.9 million of unfunded commitments as of June 30, 2024 and 2023, respectively. As of June 30, 2024, $8.3 million of the $91.5 million of unfunded commitments is unconditionally cancellable and therefore has no associated reserve. The following table presents charge-offs by origination year for the first half of 2024: Gross Charge-Offs by Origination Year 2024 2023 2022 2021 2020 Prior Total Unsecured personal $ 284 $ 48,127 $ 86,555 $ 30,540 $ — $ — $ 165,506 Residential mortgages — — — — — — — Secured consumer — 263 529 306 — — 1,098 Total consumer loans held for investment 284 48,390 87,084 30,846 — — 166,604 Equipment finance — — — — — — — Commercial real estate — — — — — — — Commercial and industrial — 421 99 403 — 903 1,826 Total commercial loans and leases held for investment — 421 99 403 — 903 1,826 Total loans and leases held for investment $ 284 $ 48,811 $ 87,183 $ 31,249 $ — $ 903 $ 168,430 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: June 30, 2024 Term Loans and Leases by Origination Year 2024 2023 2022 2021 2020 Prior Total Unsecured personal Current $ 497,390 $ 1,138,471 $ 1,185,700 $ 252,988 $ — $ — $ 3,074,549 30-59 days past due 1,156 8,634 11,549 3,498 — — 24,837 60-89 days past due 506 7,481 11,675 3,207 — — 22,869 90 or more days past due 322 8,609 11,080 3,814 — — 23,825 Total unsecured personal (1) 499,374 1,163,195 1,220,004 263,507 — — 3,146,080 Residential mortgages Current — — 47,442 53,460 29,369 47,872 178,143 30-59 days past due — — — — — — — 60-89 days past due — — — — — 147 147 90 or more days past due — — — — — — — Total residential mortgages — — 47,442 53,460 29,369 48,019 178,290 Secured consumer Current 45,213 102,201 75,981 15,771 — 2,417 241,583 30-59 days past due — 439 1,107 279 — — 1,825 60-89 days past due — 142 395 85 — — 622 90 or more days past due — 75 129 54 — — 258 Total secured consumer 45,213 102,857 77,612 16,189 — 2,417 244,288 Total consumer loans held for investment $ 544,587 $ 1,266,052 $ 1,345,058 $ 333,156 $ 29,369 $ 50,436 $ 3,568,658 (1) Excludes cumulative basis adjustment for loans designated in fair value hedges under the portfolio layer method. As of June 30, 2024, the basis adjustment totaled $1.6 million and represents a decrease 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 obligors 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 obligor 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: June 30, 2024 Term Loans and Leases by Origination Year 2024 2023 2022 2021 2020 Prior Total Guaranteed Amount (1) Equipment finance Pass $ — $ 2,238 $ 37,916 $ 16,691 $ 11,158 $ 12,621 $ 80,624 $ — Special mention — — 413 783 — — 1,196 — Substandard — — 1,339 611 — — 1,950 — Doubtful — — — — — — — — Loss — — — — — — — — Total equipment finance — 2,238 39,668 18,085 11,158 12,621 83,770 — Commercial real estate Pass 13,288 56,543 90,377 24,878 31,182 121,961 338,229 30,413 Special mention — — 1,996 — 562 5,009 7,567 2,122 Substandard — — 444 8,490 9,190 13,247 31,371 7,247 Doubtful — — — — — — — — Loss — — 2,703 1,515 — 488 4,706 3,980 Total commercial real estate 13,288 56,543 95,520 34,883 40,934 140,705 381,873 43,762 Commercial and industrial Pass 13,752 39,318 47,418 33,457 7,900 19,283 161,128 100,789 Special mention — 3,407 1,295 — — 135 4,837 3,632 Substandard — — 12,789 2,392 709 1,918 17,808 9,811 Doubtful — — 3,279 1,559 504 285 5,627 4,703 Loss — — 1,442 3,575 — 1,249 6,266 6,279 Total commercial and industrial 13,752 42,725 66,223 40,983 9,113 22,870 195,666 125,214 Total commercial loans and leases held for investment $ 27,040 $ 101,506 $ 201,411 $ 93,951 $ 61,205 $ 176,196 $ 661,309 $ 168,976 (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: June 30, 2024 30-59 60-89 90 or More Total Days Past Due Guaranteed Amount (1) Equipment finance $ 18 $ — $ 8 $ 26 $ — Commercial real estate 7,422 384 8,569 16,375 10,894 Commercial and industrial 8,715 774 5,869 15,358 12,736 Total commercial loans and leases held for investment $ 16,155 $ 1,158 $ 14,446 $ 31,759 $ 23,630 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 June 30, Six Months Ended June 30, 2024 2023 2024 2023 Short-term payment reduction $ 10,926 $ 206 $ 22,445 $ 367 Permanent loan modification 1,778 897 3,092 1,287 Debt settlement 6,153 6,504 6,264 6,616 Total loan modifications – unsecured personal loans $ 18,857 $ 7,607 $ 31,801 $ 8,270 % of unsecured personal loans at amortized cost as of period end 0.6 % 0.2 % 1.0 % 0.2 % 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 second quarter and first half of 2024, the weighted-average interest rate reduction under this program was approximately 7.5% and 7.9%, respectively. During the second quarter and first half of 2023, the weighted-average interest rate reduction under this program was approximately 8.1% and 8.7%, respectively. The weighted-average maturity date extension was approximately twelve months for all 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: June 30, 2024 June 30, 2023 (1) Short-term Payment Reduction Permanent Loan Modification Debt Settlement Short-term Payment Reduction Permanent Loan Modification Debt Settlement Unsecured personal loans Current $ 21,215 $ 4,317 $ 161 $ 354 $ 1,221 $ 10 30-59 days 1,850 177 23 9 36 11 60-89 days 1,526 281 616 4 30 1,829 90 or more days 896 148 5,622 — — 4,766 Total loan modifications $ 25,487 $ 4,923 $ 6,422 $ 367 $ 1,287 $ 6,616 (1) Reflects the delinquency status of the amortized cost of loan modifications that were modified during the preceding six 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 June 30, Six Months Ended June 30, 2024 2023 (1) 2024 2023 (1) Short-term payment reduction $ 1,367 $ 14 $ 1,560 $ 14 Permanent loan modification 489 51 928 78 Debt settlement 20,197 12,756 41,972 18,463 Total loan modifications – unsecured personal loans $ 22,053 $ 12,821 $ 44,460 $ 18,555 (1) Reflects total amount of charge-offs during the period for loan modifications that were entered into within the preceding six 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. Certain loans on nonaccrual status may be considered collateral-dependent loans if the borrower is experiencing financial difficulty and repayment of the loan is expected to be substantially through sale or operation of the collateral. Expected credit losses for the Company’s collateral-dependent loans are calculated as the difference between the amortized cost basis and the fair value of the underlying collateral less costs to sell, if applicable. The following table presents nonaccrual loans and leases: June 30, 2024 December 31, 2023 Nonaccrual Nonaccrual with no related ACL (1) Nonaccrual Nonaccrual with no related ACL (1) Unsecured personal $ 23,825 $ — $ 30,132 $ — Residential mortgages 305 305 312 312 Secured consumer 257 — 217 — Total nonaccrual consumer loans held for investment 24,387 305 30,661 312 Equipment finance — — — — Commercial real estate 20,443 6,304 9,663 2,187 Commercial and industrial 20,316 7,512 4,058 1,590 Total nonaccrual commercial loans and leases held for investment (2) 40,759 13,816 13,721 3,777 Total nonaccrual loans and leases held for investment $ 65,146 $ 14,121 $ 44,382 $ 4,089 (1) Subset of total nonaccrual loans and leases. (2) Includes $24.5 million and $10.4 million in loan balances guaranteed by the SBA as of June 30, 2024 and December 31, 2023, respectively. June 30, 2024 December 31, 2023 Nonaccrual Nonaccrual Ratios (1) Nonaccrual Nonaccrual Ratios (1) Total nonaccrual consumer loans held for investment $ 24,387 0.7 % $ 30,661 0.7 % Total nonaccrual commercial loans and leases held for investment 40,759 6.2 % 13,721 2.0 % Total nonaccrual loans and leases held for investment $ 65,146 1.5 % $ 44,382 0.9 % (1) Calculated as the ratio of nonaccruing loans and leases to loans and leases HFI at amortized cost.

Securitizations and Variable In

Securitizations and Variable Interest Entities	6 Months Ended
	Jun. 30, 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. June 30, 2024 December 31, 2023 Consolidated Unconsolidated Total Consolidated Unconsolidated Total Assets Restricted cash $ 2,818 $ — $ 2,818 $ 3,454 $ — $ 3,454 Securities available for sale at fair value — 2,447,660 2,447,660 — 1,249,796 1,249,796 Loans held for investment at fair value (1) 155 — 155 970 — 970 Other assets 7 48,048 48,055 14 31,531 31,545 Total assets $ 2,980 $ 2,495,708 $ 2,498,688 $ 4,438 $ 1,281,327 $ 1,285,765 Liabilities Borrowings (1) 1,511 — 1,511 2,888 — 2,888 Other liabilities — 5,407 5,407 4 3,301 3,305 Total liabilities $ 1,511 $ 5,407 $ 6,918 $ 2,892 $ 3,301 $ 6,193 Total net assets (maximum loss exposure) $ 1,469 $ 2,490,301 $ 2,491,770 $ 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 Six Months Ended 2024 2023 2024 2023 Fair value of consideration received: Cash $ 97,246 $ 18,051 $ 190,890 $ 18,051 Securities retained from Structured Program transactions 759,149 153,229 1,498,125 153,229 Other assets, net 9,906 2,299 19,639 2,299 Total consideration 866,301 173,579 1,708,654 173,579 Fair value of loans sold (857,434) (171,559) (1,691,210) (171,559) Gain on sales of loans (1) $ 8,867 $ 2,020 $ 17,444 $ 2,020 Cash proceeds from continuing involvement: Servicing and other administrative fees $ 5,982 $ 862 $ 10,705 $ 1,876 Interest received on securities retained from Structured Program transactions $ 37,390 $ 2,406 $ 67,053 $ 3,594 (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. 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 June 30, 2024, the aggregate unpaid principal balance held by unconsolidated VIEs was $2.8 billion, of which $22.1 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	6 Months Ended
	Jun. 30, 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: June 30, 2024 Level 1 Level 2 Level 3 Balance at Assets: Loans held for sale at fair value $ — $ — $ 791,059 $ 791,059 Loans held for investment at fair value — — 339,222 339,222 Securities available for sale: Senior asset-backed securities related to Structured Program transactions — — 2,312,114 2,312,114 U.S. agency residential mortgage-backed securities — 216,336 — 216,336 Other asset-backed securities related to Structured Program transactions — — 135,545 135,545 U.S. agency securities — 79,067 — 79,067 Mortgage-backed securities — 45,271 — 45,271 Other asset-backed securities — 23,555 — 23,555 Municipal securities — 2,495 — 2,495 Total securities available for sale — 366,724 2,447,659 2,814,383 Servicing assets — — 69,709 69,709 Other assets — 5,841 — 5,841 Total assets $ — $ 372,565 $ 3,647,649 $ 4,020,214 Liabilities: Borrowings — — 5,474 5,474 Other liabilities — 4,070 10,700 14,770 Total liabilities $ — $ 4,070 $ 16,174 $ 20,244 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 second quarters and first halves of 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: June 30, 2024 December 31, 2023 Minimum Maximum Weighted- Average Minimum Maximum Weighted- Average Discount rate 7.7 % 12.3 % 8.9 % 8.1 % 10.3 % 9.0 % Annualized net charge-off rate (1) 2.1 % 21.6 % 6.2 % 2.7 % 12.9 % 6.5 % Annualized prepayment rate (1) 15.0 % 21.4 % 18.7 % 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: June 30, 2024 December 31, 2023 Loans held for sale at fair value $ 791,059 $ 407,773 Expected remaining weighted-average life (in years) 1.5 1.5 Discount rate: 100 basis point increase $ (10,237) $ (5,093) 200 basis point increase $ (19,908) $ (10,051) Annualized net charge-off rate: 10% increase $ (9,363) $ (5,102) 20% increase $ (18,694) $ (10,184) Annualized prepayment rate: 10% increase $ (1,596) $ (851) 20% increase $ (3,111) $ (1,628) Fair Value Reconciliation The following table presents loans HFS at fair value activity: Three Months Ended Six Months Ended 2024 2023 2024 2023 Fair value at beginning of period $ 550,415 $ 44,647 $ 407,773 $ 110,400 Originations and purchases 1,397,930 1,272,118 2,680,180 2,477,147 Sales (1,042,166) (1,238,252) (2,101,814) (2,485,498) Principal payments (63,605) (5,135) (97,877) (11,600) Transfers — 191,807 — 191,807 Realized charge-offs, net of recoveries, recorded in earnings (4,205) (2,107) (8,436) (7,720) Fair value adjustments recorded in earnings (47,310) (12,717) (88,767) (24,175) Fair value at end of period $ 791,059 $ 250,361 $ 791,059 $ 250,361 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: June 30, 2024 December 31, 2023 Total 90 or more Total 90 or more Aggregate unpaid principal balance $ 829,090 $ 1,521 $ 431,955 $ 1,395 Cumulative fair value adjustments (38,031) (1,224) (24,182) (1,102) Fair value of loans held for sale $ 791,059 $ 297 $ 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 $4.6 million and $10.5 million at June 30, 2024 and December 31, 2023, respectively. Significant Unobservable Inputs The following significant unobservable inputs were used in the fair value measurement of loans HFI: June 30, 2024 December 31, 2023 Minimum Maximum Weighted- Average Minimum Maximum Weighted- Average Discount rate 6.3 % 22.8 % 12.4 % 8.4 % 16.2 % 12.8 % Annualized net charge-off rate (1) 2.1 % 20.8 % 7.0 % 1.9 % 5.9 % 3.7 % Annualized prepayment rate (1) 16.1 % 24.9 % 20.4 % 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: June 30, 2024 December 31, 2023 Loans held for investment at fair value $ 334,642 $ 262,190 Expected remaining weighted-average life (in years) 0.9 0.9 Discount rate: 100 basis point increase $ (2,548) $ (1,957) 200 basis point increase $ (5,062) $ (3,888) Annualized net charge-off rate: 10% increase $ (2,840) $ (1,753) 20% increase $ (6,063) $ (3,595) Annualized prepayment rate: 10% increase $ (1,057) $ (857) 20% increase $ (2,131) $ (1,675) Fair Value Reconciliation The following table presents loans HFI at fair value activity: Three Months Ended Six Months Ended 2024 2023 2024 2023 Fair value at beginning of period $ 420,393 $ 748,618 $ 262,190 $ 925,938 Purchases 12,220 — 232,784 4,037 Principal payments (96,004) (156,287) (159,930) (342,738) Transfers — (191,634) — (191,634) Interest income accretion and fair value adjustments recorded in earnings (1,967) 3,422 (402) 8,516 Fair value at end of period $ 334,642 $ 404,119 $ 334,642 $ 404,119 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: June 30, 2024 December 31, 2023 Total 90 or more Total 90 or more Aggregate unpaid principal balance $ 362,823 $ 5,843 $ 281,031 $ 3,774 Cumulative fair value adjustments (28,181) (4,701) (18,841) (3,037) Fair value of loans held for investment $ 334,642 $ 1,142 $ 262,190 $ 737 Asset-Backed Securities Related to Structured Program Transactions Senior Asset-Backed Securities Related to Structured Program Transactions Significant Unobservable Inputs The following significant unobservable input, which includes credit spreads, was used in the fair value measurement of senior asset-backed securities related to Structured Program transactions: June 30, 2024 December 31, 2023 Minimum Maximum Weighted- Minimum Maximum Weighted- Discount rate 6.9 % 7.1 % 7.0 % 7.0 % 7.0 % 7.0 % 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: June 30, 2024 December 31, 2023 Fair value of interests held $ 2,312,114 $ 1,176,403 Expected remaining weighted-average life (in years) 1.4 1.5 Discount rate: 100 basis point increase $ (31,714) $ (18,016) 200 basis point increase $ (63,429) $ (36,033) Fair Value Reconciliation The following table presents senior asset-backed securities related to Structured Program transactions activity: Three Months Ended Six Months Ended 2024 2023 2024 2023 Fair value at beginning of period $ 1,765,259 $ — $ 1,176,403 $ — Additions 716,299 144,680 1,413,646 144,680 Cash received (171,793) (1,290) (278,267) (1,290) Change in unrealized gain (loss) 2,349 (605) 332 (605) Fair value at end of period $ 2,312,114 $ 142,785 $ 2,312,114 $ 142,785 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: June 30, 2024 December 31, 2023 Minimum Maximum Weighted- Minimum Maximum Weighted- Discount rate 6.9 % 11.4 % 8.7 % 8.1 % 10.3 % 9.0 % Annualized net charge-off rate (1) 4.4 % 6.0 % 5.3 % 4.9 % 5.9 % 5.5 % Annualized prepayment rate (1) 17.4 % 19.7 % 18.8 % 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: June 30, 2024 December 31, 2023 Fair value of interests held $ 135,545 $ 73,393 Expected remaining weighted-average life (in years) 1.4 1.5 Discount rate: 100 basis point increase $ (1,685) $ (927) 200 basis point increase $ (3,302) $ (1,836) Annualized net charge-off rate: 10% increase $ (1,405) $ (882) 20% increase $ (2,817) $ (1,771) Annualized prepayment rate: 10% increase $ (241) $ (203) 20% increase $ (476) $ (430) Fair Value Reconciliation The following table presents other asset-backed securities related to Structured Program transactions activity: Three Months Ended Six Months Ended June 30, 2024 2023 2024 2023 Fair value at beginning of period $ 103,866 $ 10,397 $ 73,393 $ 12,469 Additions 43,887 8,667 86,625 8,780 Cash received (12,735) (2,084) (22,066) (4,269) Credit loss (expense) benefit for securities available for sale 809 — (2,083) — Change in unrealized gain (loss) (282) — (324) — Fair value at end of period $ 135,545 $ 16,980 $ 135,545 $ 16,980 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: June 30, 2024 December 31, 2023 Minimum Maximum Weighted- Minimum Maximum Weighted- Discount rate 8.7 % 17.3 % 10.9 % 8.7 % 17.3 % 11.3 % Annualized net charge-off rate (1) 1.9 % 23.5 % 8.1 % 1.9 % 24.0 % 8.7 % Annualized prepayment rate (1) 15.2 % 24.8 % 19.2 % 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: June 30, 2024 December 31, 2023 Fair value of servicing assets $ 69,709 $ 77,680 Expected remaining weighted-average life (in years) 1.2 1.2 Discount rate: 100 basis point increase $ (618) $ (675) 200 basis point increase $ (1,236) $ (1,349) Annualized net charge-off rate: 10% increase $ (679) $ (878) 20% increase $ (1,357) $ (1,756) Annualized prepayment rate: 10% increase $ (1,386) $ (1,550) 20% increase $ (2,772) $ (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: June 30, 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% $ (7,956) $ (8,719) Servicing rate decrease by 0.10% $ 7,956 $ 8,719 Fair Value Reconciliation The following table presents servicing assets activity: Three Months Ended Six Months Ended 2024 2023 2024 2023 Fair value at beginning of period $ 71,830 $ 89,241 $ 77,680 $ 84,308 Issuances (1) 13,759 13,576 27,337 27,701 Change in fair value, included in Marketplace revenue (15,868) (17,074) (35,296) (29,650) Other net changes (12) (356) (12) 3,028 Fair value at end of period $ 69,709 $ 85,387 $ 69,709 $ 85,387 (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: June 30, 2024 Carrying Amount Level 1 Level 2 Level 3 Balance at Assets: Loans and leases held for investment, net $ 3,999,482 $ — $ — $ 4,124,236 $ 4,124,236 Other assets 39,329 — 38,886 823 39,709 Total assets $ 4,038,811 $ — $ 38,886 $ 4,125,059 $ 4,163,945 Liabilities: Deposits (1) $ 1,792,943 $ — $ — $ 1,791,688 $ 1,791,688 Other liabilities 48,123 — 27,609 20,514 48,123 Total liabilities $ 1,841,066 $ — $ 27,609 $ 1,812,202 $ 1,839,811 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	6 Months Ended
	Jun. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities	Derivative Instruments and Hedging Activities The Company enters into derivative instruments, including interest rate swaps and interest rate caps, to manage exposure to interest rate risk associated with its fixed-rate assets. In addition, the Company provides credit support agreements to a limited number of strategic investors which are accounted for as credit derivative liabilities. Derivatives Not Designated as Accounting Hedges The table below presents the notional and gross fair value amounts of the Company’s derivatives that are not designated as accounting hedges: June 30, 2024 December 31, 2023 Notional Derivative Liability (1) Derivative Asset (1) Notional Derivative Liability (1) Credit derivatives (2) $ 10,763 $ (9,814) $ — $ 7,307 $ (6,372) Interest rate caps 200,000 — 403 — — Total $ 210,763 $ (9,814) $ 403 $ 7,307 $ (6,372) (1) Recorded in “Other liabilities” or “Other assets,” as applicable, on the Balance Sheet and in “Operating activities” on the Statement of Cash Flow. (2) Represent credit support agreements related to loan sales, whereby the Company 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. The notional amount represents the Company’s maximum dollar exposure. The fair value of the credit derivatives is based on the combined impact of both the quantitative and qualitative credit loss forecast. The table below presents the losses recognized on the Company’s derivatives that are not designated as accounting hedges: Three Months Ended Six Months Ended 2024 2023 2024 2023 Credit derivatives (1) $ (2,008) $ (945) $ (3,442) $ (945) Interest rate caps (2) (63) — (63) — Total losses $ (2,071) $ (945) $ (3,505) $ (945) (1) The initial fair value of the credit 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. (2) Changes in the fair value of the interest rate cap are recorded in “Net fair value adjustments” within “Marketplace revenue” on the Income Statement. Derivatives Designated as Accounting Hedges 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 fair value hedges: June 30, 2024 December 31, 2023 Notional Derivative Asset (1) Notional Derivative Liability (1) Interest rate swaps $ 1,300,000 $ 1,368 $ 1,500,000 $ (8,547) (1) Recorded in “Other assets” or “Other liabilities,” as applicable, on the Balance Sheet and in “Operating activities” on the Statement of Cash Flow. The following table summarizes the gains recognized on the Company’s fair value hedges: Three Months Ended June 30, 2024 Six Months Ended June 30, 2024 Hedged item $ (1,785) $ (10,457) Derivatives used for hedging 1,563 9,915 Interest settlement on derivative (1) 1,396 2,769 Total gains on fair value hedges (2) $ 1,174 $ 2,227 (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: June 30, 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 $ 2,156,120 $ (1,576) $ 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 June 30, 2024 and December 31, 2023, the amortized cost of loans designated as the hedged item in the portfolio layer hedging relationship was $1.3 billion and $1.5 billion, respectively.

Property, Equipment and Softwar

Property, Equipment and Software, Net	6 Months Ended
	Jun. 30, 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: June 30, 2024 December 31, 2023 Software (1) $ 230,752 $ 209,260 Leasehold improvements 30,699 30,764 Computer equipment 21,655 21,654 Furniture and fixtures 5,554 5,845 Total property, equipment and software 288,660 267,523 Accumulated depreciation and amortization (122,510) (106,006) Total property, equipment and software, net $ 166,150 $ 161,517 (1) Includes $67.9 million and $66.9 million of development in progress for internally-developed software and $4.7 million and $4.6 million of development in progress to customize purchased software as of June 30, 2024 and December 31, 2023, respectively. Depreciation and amortization expense on property, equipment and software was $12.2 million and $23.9 million for the second quarter and first half of 2024, respectively. Depreciation and amortization expense on property, equipment and software was $10.6 million and $21.8 million for the second quarter and first half of 2023, respectively.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	6 Months Ended
	Jun. 30, 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 June 30, 2024 and December 31, 2023. The Company did not record any goodwill impairment expense for the second quarters and first halves 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: June 30, 2024 December 31, 2023 Gross carrying value $ 54,500 $ 54,500 Accumulated amortization (44,207) (42,365) Net carrying value $ 10,293 $ 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 June 30, 2024, is as follows: 2024 $ 1,707 2025 2,901 2026 2,252 2027 1,603 2028 945 Thereafter 885 Total $ 10,293

Other Assets

Other Assets	6 Months Ended
	Jun. 30, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other Assets	Other Assets Other assets consist of the following: June 30, 2024 December 31, 2023 Deferred tax assets, net (1) $ 145,220 $ 151,411 Servicing assets (2) 70,152 78,401 Nonmarketable equity investments 44,161 42,891 Accrued interest receivable 39,493 35,793 Operating lease assets 23,027 26,611 Intangible assets, net (3) 10,293 12,135 Other 98,240 108,211 Total other assets $ 430,586 $ 455,453 (1) See “ Note 16. Income Taxes ” for additional detail. (2) Loans underlying servicing assets had a total outstanding principal balance of $8.4 billion and $9.5 billion as of June 30, 2024 and December 31, 2023, respectively. (3) See “ Note 10. Goodwill and Intangible Assets ” for additional detail.

Deposits

Deposits	6 Months Ended
	Jun. 30, 2024
Other Liabilities Disclosure [Abstract]
Deposits	Deposits Deposits consist of the following: June 30, 2024 December 31, 2023 Interest-bearing deposits: Savings and money market accounts $ 4,968,644 $ 4,349,239 Certificates of deposit 1,792,943 1,714,889 Checking accounts 998,045 937,552 Total 7,759,632 7,001,680 Noninterest-bearing deposits 335,696 331,806 Total deposits $ 8,095,328 $ 7,333,486 Total certificates of deposit at June 30, 2024 are scheduled to mature as follows: 2024 $ 1,234,149 2025 537,720 2026 4,637 2027 11,099 2028 2,021 Thereafter 3,317 Total certificates of deposit $ 1,792,943 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 June 30, 2024: Three months or less Over 3 months through Over 6 months through Over Total Certificates of deposit $ 50,894 $ 96,095 $ 55,258 $ 10,632 $ 212,879

Borrowings

Borrowings	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Borrowings	Borrowings Borrowing Capacity The following table summarizes the Company’s available borrowing capacity and the related pledged collateral: June 30, 2024 December 31, 2023 Available Borrowing Capacity Pledged Collateral Available Borrowing Capacity Pledged Collateral FRB Discount Window $ 2,345,668 $ 2,802,549 $ 2,816,501 $ 3,507,541 FHLB of Des Moines 649,783 832,414 661,337 838,511 Total $ 2,995,451 $ 3,634,963 $ 3,477,838 $ 4,346,052 Long-term Debt The following table summarizes the components of the Company’s long-term debt, as of the dates indicated: June 30, 2024 December 31, 2023 Advances from PPPLF (1) : Aggregate debt outstanding (fixed interest rate of 0.35%) $ — $ 6,398 Pledged collateral $ — $ 6,392 Retail notes and certificates (2) : Aggregate debt outstanding $ 4,580 $ 10,488 Payable on Structured Program borrowings (3) : Aggregate debt outstanding $ 894 $ 2,468 Pledged collateral $ 2,755 $ 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 $2.8 million as of June 30, 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	6 Months Ended
	Jun. 30, 2024
Payables and Accruals [Abstract]
Other Liabilities	Other Liabilities Other liabilities consist of the following: June 30, 2024 December 31, 2023 Accounts payable and accrued expenses $ 60,896 $ 54,619 Operating lease liabilities 32,308 37,869 Payable to investors (1) 27,609 36,823 Other 76,490 93,490 Total other liabilities $ 197,303 $ 222,801 (1) Represents principal and interest on loans collected by the Company and pending disbursement to investors.

Employee Incentive Plans

Employee Incentive Plans	6 Months Ended
	Jun. 30, 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 Six Months Ended 2024 2023 2024 2023 RSUs $ 11,573 $ 16,383 $ 23,555 $ 29,973 PBRSUs (258) 1,762 1,359 2,464 Stock-based compensation expense, gross 11,315 18,145 24,914 32,437 Less: Capitalized stock-based compensation expense 1,866 2,317 3,921 4,721 Stock-based compensation expense, net $ 9,449 $ 15,828 $ 20,993 $ 27,716 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 3,837,787 $ 8.53 Vested (2,435,039) $ 10.17 Forfeited/expired (874,797) $ 9.14 Unvested at June 30, 2024 7,527,782 $ 8.76 During the first half of 2024, the Company granted 3,837,787 RSUs with an aggregate fair value of $32.8 million. As of June 30, 2024, there was $60.5 million of unrecognized compensation cost related to unvested RSUs, which is expected to be recognized over a weighted-average period of approximately 1.9 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 (719,664) $ 16.64 Unvested at June 30, 2024 1,212,209 $ 8.68 During the first half of 2024, the Company granted 462,060 PBRSUs with an aggregate fair value of $4.0 million. As of June 30, 2024, there was $5.5 million of unrecognized compensation cost related to unvested PBRSUs, which is expected to be recognized over a weighted-average period of approximately 1.6 years, subject to any forfeitures.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes For the second quarter and first half of 2024, the Company recorded an income tax expense of $4.5 million and $8.8 million, respectively, representing an effective tax rate of 23.3% and 24.5%, respectively. For the second quarter and first half of 2023, the Company recorded an income tax expense of $4.7 million and $8.8 million, respectively, representing an effective tax rate of 31.7% and 27.1%, respectively. 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 decrease in effective tax rates for 2024 compared to the same periods in 2023 is primarily due to a decrease in the unfavorable impact of stock-based compensation. The following table summarizes the Company’s net deferred tax assets: June 30, 2024 December 31, 2023 Deferred tax assets, net of liabilities $ 191,328 $ 197,519 Valuation allowance (46,108) (46,108) Deferred tax assets, net of valuation allowance $ 145,220 $ 151,411

Leases

Leases	6 Months Ended
	Jun. 30, 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 second quarter and first half of 2024, interest earned on Equipment Finance was $1.4 million and $3.1 million, respectively, and is included in “Interest and fees on loans and leases held for investment” on the Income Statement. For the second quarter and first half of 2023, interest earned on Equipment Finance was $2.3 million and $5.2 million, respectively. The components of Equipment Finance assets are as follows: June 30, 2024 December 31, 2023 Lease receivables $ 68,006 $ 92,546 Unguaranteed residual asset values 23,204 28,913 Unearned income (7,897) (11,072) Deferred fees 457 605 Total $ 83,770 $ 110,992 Future minimum lease payments based on maturity of the Company’s lessor arrangements as of June 30, 2024 were as follows: 2024 $ 17,138 2025 24,919 2026 15,009 2027 7,603 2028 4,044 Thereafter 1,542 Total lease payments $ 70,255 Discount effect (2,249) Present value of future minimum lease payments $ 68,006 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 June 30, 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 June 30, 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 June 30, 2024 December 31, 2023 Operating lease assets Other assets $ 23,027 $ 26,611 Operating lease liabilities Other liabilities $ 32,308 $ 37,869 Net lease costs were $2.7 million and $5.2 million during the second quarter and first half of 2024, respectively. Such costs are recorded within “Occupancy” expense on the Income Statement. Net lease costs were $3.3 million and $6.3 million during the second quarter and first half of 2023, respectively. Supplemental cash flow information related to the Company’s operating leases was as follows: Three Months Ended Six Months Ended 2024 2023 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 June 30, 2024 were as follows: Operating Lease 2024 $ 6,441 2025 13,129 2026 7,228 2027 4,265 2028 3,922 Thereafter 909 Total lease payments $ 35,894 Discount effect (3,586) Present value of future minimum lease payments $ 32,308 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 June 30, 2024 December 31, 2023 Weighted-average remaining lease term (in years) 3.32 3.72 Weighted-average discount rate 4.99 % 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 second quarter and first half of 2024, interest earned on Equipment Finance was $1.4 million and $3.1 million, respectively, and is included in “Interest and fees on loans and leases held for investment” on the Income Statement. For the second quarter and first half of 2023, interest earned on Equipment Finance was $2.3 million and $5.2 million, respectively. The components of Equipment Finance assets are as follows: June 30, 2024 December 31, 2023 Lease receivables $ 68,006 $ 92,546 Unguaranteed residual asset values 23,204 28,913 Unearned income (7,897) (11,072) Deferred fees 457 605 Total $ 83,770 $ 110,992 Future minimum lease payments based on maturity of the Company’s lessor arrangements as of June 30, 2024 were as follows: 2024 $ 17,138 2025 24,919 2026 15,009 2027 7,603 2028 4,044 Thereafter 1,542 Total lease payments $ 70,255 Discount effect (2,249) Present value of future minimum lease payments $ 68,006 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 June 30, 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 June 30, 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 June 30, 2024 December 31, 2023 Operating lease assets Other assets $ 23,027 $ 26,611 Operating lease liabilities Other liabilities $ 32,308 $ 37,869 Net lease costs were $2.7 million and $5.2 million during the second quarter and first half of 2024, respectively. Such costs are recorded within “Occupancy” expense on the Income Statement. Net lease costs were $3.3 million and $6.3 million during the second quarter and first half of 2023, respectively. Supplemental cash flow information related to the Company’s operating leases was as follows: Three Months Ended Six Months Ended 2024 2023 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 June 30, 2024 were as follows: Operating Lease 2024 $ 6,441 2025 13,129 2026 7,228 2027 4,265 2028 3,922 Thereafter 909 Total lease payments $ 35,894 Discount effect (3,586) Present value of future minimum lease payments $ 32,308 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 June 30, 2024 December 31, 2023 Weighted-average remaining lease term (in years) 3.32 3.72 Weighted-average discount rate 4.99 % 5.04 %

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 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 June 30, 2024 and December 31, 2023, the contractual amount of unfunded loan commitments was $91.5 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	6 Months Ended
	Jun. 30, 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: June 30, 2024 December 31, 2023 Required Minimum plus Required CCB for Non-Leverage Ratios Amount Ratio Amount Ratio LendingClub Corporation: CET1 capital (1) $ 1,123.0 17.9 % $ 1,090.2 17.9 % 7.0 % Tier 1 capital $ 1,123.0 17.9 % $ 1,090.2 17.9 % 8.5 % Total capital $ 1,203.2 19.2 % $ 1,169.2 19.2 % 10.5 % Tier 1 leverage $ 1,123.0 12.1 % $ 1,090.2 12.9 % 4.0 % Risk-weighted assets $ 6,274.8 N/A $ 6,104.5 N/A N/A Quarterly adjusted average assets $ 9,252.6 N/A $ 8,476.1 N/A N/A LendingClub Bank: CET1 capital (1) $ 964.2 15.5 % $ 949.4 15.8 % 7.0 % Tier 1 capital $ 964.2 15.5 % $ 949.4 15.8 % 8.5 % Total capital $ 1,043.6 16.8 % $ 1,027.4 17.1 % 10.5 % Tier 1 leverage $ 964.2 10.5 % $ 949.4 11.4 % 4.0 % Risk-weighted assets $ 6,206.4 N/A $ 6,022.2 N/A N/A Quarterly adjusted average assets $ 9,142.1 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 June 30, 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 June 30, 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 half 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 allowance for credit losses 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	6 Months Ended
	Jun. 30, 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 second quarter and first half of 2024. During both the second quarter and first half of 2023, one marketplace bank investor accounted for 14% 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 loan servicing retained 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 June 30, Three Months Ended June 30, Three Months Ended June 30, Three Months Ended June 30, 2024 2023 2024 2023 2024 2023 2024 2023 Non-interest income: Marketplace revenue $ 39,533 $ 62,006 $ 10,946 $ 7,772 $ 5,874 $ 13,005 $ 56,353 $ 82,783 Other non-interest income 12,387 21,743 1,903 2,431 (11,930) (21,139) 2,360 3,035 Total non-interest income 51,920 83,749 12,849 10,203 (6,056) (8,134) 58,713 85,818 Interest income: Interest income 217,814 210,514 1,820 3,972 — — 219,634 214,486 Interest expense (90,888) (66,546) (218) (1,288) — — (91,106) (67,834) Net interest income 126,926 143,968 1,602 2,684 — — 128,528 146,652 Total net revenue 178,846 227,717 14,451 12,887 (6,056) (8,134) 187,241 232,470 Provision for credit losses (35,561) (66,611) — 16 — — (35,561) (66,595) Non-interest expense (126,857) (142,563) (11,457) (16,650) 6,056 8,134 (132,258) (151,079) Income (Loss) before income tax benefit (expense) 16,428 18,543 2,994 (3,747) — — 19,422 14,796 Income tax benefit (expense) (3,872) (5,429) (647) 743 — — (4,519) (4,686) Net income (loss) $ 12,556 $ 13,114 $ 2,347 $ (3,004) $ — $ — $ 14,903 $ 10,110 Capital expenditures $ 12,865 $ 15,857 $ — $ — $ — $ — $ 12,865 $ 15,857 Depreciation and amortization $ 10,896 $ 7,073 $ 2,176 $ 4,565 $ — $ — $ 13,072 $ 11,638 LendingClub LendingClub Intercompany Consolidated Total Six Months Ended June 30, Six Months Ended June 30, Six Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 2024 2023 2024 2023 Non-interest income: Marketplace revenue $ 78,048 $ 134,694 $ 20,774 $ 20,880 $ 13,422 $ 22,843 $ 112,244 $ 178,417 Other non-interest income 26,082 40,904 3,849 4,984 (25,662) (39,497) 4,269 6,391 Total non-interest income 104,130 175,598 24,623 25,864 (12,240) (16,654) 116,513 184,808 Interest income: Interest income 422,621 408,844 4,364 8,055 — — 426,985 416,899 Interest expense (175,011) (120,442) (558) (3,101) — — (175,569) (123,543) Net interest income 247,610 288,402 3,806 4,954 — — 251,416 293,356 Total net revenue 351,740 464,000 28,429 30,818 (12,240) (16,654) 367,929 478,164 Provision for credit losses (67,488) (137,195) — 16 — — (67,488) (137,179) Non-interest expense (253,353) (290,946) (23,378) (34,095) 12,240 16,654 (264,491) (308,387) Income (Loss) before income tax benefit (expense) 30,899 35,859 5,051 (3,261) — — 35,950 32,598 Income tax benefit (expense) (7,557) (9,685) (1,240) 863 — — (8,797) (8,822) Net income (loss) $ 23,342 $ 26,174 $ 3,811 $ (2,398) $ — $ — $ 27,153 $ 23,776 Capital expenditures $ 24,646 $ 32,255 $ — $ — $ — $ — $ 24,646 $ 32,255 Depreciation and amortization $ 21,062 $ 13,967 $ 4,683 $ 10,025 $ — $ — $ 25,745 $ 23,992 LendingClub Bank LendingClub Corporation Intercompany Consolidated Total June 30, 2024 December 31, 2023 June 30, 2024 December 31, 2023 June 30, 2024 December 31, 2023 June 30, 2024 December 31, 2023 Assets Total cash and cash equivalents $ 917,693 $ 1,230,206 $ 136,318 $ 110,273 $ (115,892) $ (87,975) $ 938,119 $ 1,252,504 Restricted cash — — 35,924 46,628 (4,592) (4,984) 31,332 41,644 Securities available for sale at fair value 2,814,383 1,617,309 — 2,953 — — 2,814,383 1,620,262 Loans held for sale at fair value 791,059 407,773 — — — — 791,059 407,773 Loans and leases held for investment, net 3,999,482 4,539,915 — — — — 3,999,482 4,539,915 Loans held for investment at fair value (1) 330,825 253,800 8,397 18,878 — — 339,222 272,678 Property, equipment and software, net 153,772 144,439 12,378 17,078 — — 166,150 161,517 Investment in subsidiary — — 839,334 816,703 (839,334) (816,703) — — Goodwill 75,717 75,717 — — — — 75,717 75,717 Other assets 341,643 341,680 107,297 131,135 (18,354) (17,362) 430,586 455,453 Total assets 9,424,574 8,610,839 1,139,648 1,143,648 (978,172) (927,024) 9,586,050 8,827,463 Liabilities and Equity Total deposits 8,215,812 7,426,445 — — (120,484) (92,959) 8,095,328 7,333,486 Borrowings (1) — 6,398 5,474 12,956 — — 5,474 19,354 Other liabilities 143,986 154,077 71,671 86,086 (18,354) (17,362) 197,303 222,801 Total liabilities 8,359,798 7,586,920 77,145 99,042 (138,838) (110,321) 8,298,105 7,575,641 Total equity 1,064,776 1,023,919 1,062,503 1,044,606 (839,334) (816,703) 1,287,945 1,251,822 Total liabilities and equity $ 9,424,574 $ 8,610,839 $ 1,139,648 $ 1,143,648 $ (978,172) $ (927,024) $ 9,586,050 $ 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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net income	$ 14,903	$ 10,110	$ 27,153	$ 23,776

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended	6 Months Ended
	Jun. 30, 2024 shares	Jun. 30, 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
Scott Sanborn [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		To diversify his assets, Scott Sanborn, the Company’s Chief Executive Officer, entered into a sales plan in May 2024 that is intended to comply with Rule 10b5-1(c) under the Exchange Act (the Plan). The maximum number of shares that can be sold under the Plan represents 4.2% of Mr. Sanborn’s current equity interest in the Company including his unvested time-based RSUs and unearned PBRSUs at target performance. Any sale(s) executed under the Plan would represent the first sale(s) of Company stock by Mr. Sanborn during his eight years as the Company’s Chief Executive Officer, other than sales in connection with equity related tax obligations. The following table shows the trading arrangements, including the Plan, intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) adopted by the Company’s directors and executive officers during the second quarter of 2024: Name and Title Adoption Date Expiration Date Aggregate Number of Shares to be Sold Scott Sanborn, Chief Executive Officer and Director May 8, 2024 February 7, 2025 Up to 119,000
Name	Scott Sanborn
Title	Chief Executive Officer and Director
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	May 8, 2024
Expiration Date	February 7, 2025
Arrangement Duration	275 days
Aggregate Available	119,000	119,000

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 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 half 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 six months ended June 30, 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)	6 Months Ended
	Jun. 30, 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 Six Months Ended 2024 2023 2024 2023 Origination fees $ 77,131 $ 70,989 $ 147,210 $ 141,532 Servicing fees 19,869 22,015 39,461 48,395 Gain on sales of loans 10,748 13,221 21,657 27,346 Net fair value adjustments (51,395) (23,442) (96,084) (38,856) Total marketplace revenue $ 56,353 $ 82,783 $ 112,244 $ 178,417

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 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 Six Months Ended 2024 2023 2024 2023 Basic EPS: Net income attributable to stockholders $ 14,903 $ 10,110 $ 27,153 $ 23,776 Weighted-average common shares – Basic 111,395,025 107,892,590 111,040,410 107,405,072 Basic EPS $ 0.13 $ 0.09 $ 0.24 $ 0.22 Diluted EPS: Net income attributable to stockholders $ 14,903 $ 10,110 $ 27,153 $ 23,776 Weighted-average common shares – Diluted 111,466,497 107,895,072 111,076,938 107,409,129 Diluted EPS $ 0.13 $ 0.09 $ 0.24 $ 0.22

Securities Available for Sale (

Securities Available for Sale (Tables)	6 Months Ended
	Jun. 30, 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: June 30, 2024 Amortized Gross Gross Allowance for Credit Losses Fair Senior asset-backed securities related to Structured Program transactions $ 2,300,892 $ 11,369 $ (147) $ — $ 2,312,114 U.S. agency residential mortgage-backed securities 258,894 42 (42,600) — 216,336 Other asset-backed securities related to Structured Program transactions (1) 137,910 3 (285) (2,083) 135,545 U.S. agency securities 93,455 — (14,388) — 79,067 Mortgage-backed securities 51,356 8 (6,093) — 45,271 Other asset-backed securities 24,126 30 (601) — 23,555 Municipal securities 3,247 — (752) — 2,495 Total securities available for sale (2) $ 2,869,880 $ 11,452 $ (64,866) $ (2,083) $ 2,814,383 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 June 30, 2024 and December 31, 2023, $135.5 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 June 30, 2024 and December 31, 2023, includes $356.6 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, aggregated by period of continuous unrealized loss, is as follows: Less than 12 months Total June 30, 2024 Fair Unrealized Fair Unrealized Fair Unrealized Senior asset-backed securities related to Structured Program transactions $ 134,085 $ (147) $ — $ — $ 134,085 $ (147) U.S. agency residential mortgage-backed securities 15,321 (182) 194,767 (42,418) 210,088 (42,600) Other asset-backed securities related to Structured Program transactions 32,936 (285) — — 32,936 (285) U.S. agency securities 2,994 (6) 76,073 (14,382) 79,067 (14,388) Mortgage-backed securities 9,704 (129) 33,066 (5,964) 42,770 (6,093) Other asset-backed securities 1,045 — 13,624 (601) 14,669 (601) Municipal securities — — 2,495 (752) 2,495 (752) Total securities with unrealized losses $ 196,085 $ (749) $ 320,025 $ (64,117) $ 516,110 $ (64,866) 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: Other asset-backed securities related to Structured Program transactions Three Months Ended June 30, 2024 Six Months Ended June 30, 2024 Allowance for credit losses at beginning of period $ 2,892 $ — Credit loss expense (benefit) for securities available for sale (809) 2,083 Allowance for credit losses at end of period $ 2,083 $ 2,083
Schedule of Available-for-sale Securities by Contractual Maturity	The contractual maturities of AFS securities were as follows: June 30, 2024 Amortized Cost Fair Value Weighted- average Yield (1) Due within 1 year: U.S. agency securities $ 3,000 $ 2,955 Total due within 1 year 3,000 2,955 3.50 % Due after 1 year through 5 years: Senior asset-backed securities related to Structured Program transactions $ 2,300,892 $ 2,312,114 Other asset-backed securities related to Structured Program transactions 137,910 135,545 U.S. agency securities 7,850 7,520 Mortgage-backed securities 1,649 1,496 Other asset-backed securities 380 381 Municipal securities 154 135 U.S. agency residential mortgage-backed securities 2 2 Total due after 1 year through 5 years 2,448,837 2,457,193 7.82 % Due after 5 years through 10 years: U.S. agency securities 21,998 19,854 Other asset-backed securities 13,821 13,811 U.S. agency residential mortgage-backed securities 4,313 4,055 Mortgage-backed securities 2,001 1,678 Municipal securities 465 393 Total due after 5 years through 10 years 42,598 39,791 4.17 % Due after 10 years: U.S. agency residential mortgage-backed securities 254,579 212,279 U.S. agency securities 60,607 48,738 Mortgage-backed securities 47,706 42,097 Other asset-backed securities 9,925 9,363 Municipal securities 2,628 1,967 Total due after 10 years 375,445 314,444 2.81 % Total securities available for sale $ 2,869,880 $ 2,814,383 6.92 % (1) The weighted-average yield is computed using the average month-end amortized cost during the six months ended June 30, 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)	6 Months Ended
	Jun. 30, 2024
Receivables [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: June 30, 2024 December 31, 2023 Unsecured personal $ 3,144,504 $ 3,726,830 Residential mortgages 178,290 183,050 Secured consumer 244,288 250,039 Total consumer loans held for investment 3,567,082 4,159,919 Equipment finance (1) 83,770 110,992 Commercial real estate 381,873 380,322 Commercial and industrial 195,666 199,069 Total commercial loans and leases held for investment 661,309 690,383 Total loans and leases held for investment 4,228,391 4,850,302 Allowance for loan and lease losses (228,909) (310,387) Loans and leases held for investment, net (2) $ 3,999,482 $ 4,539,915 (1) Comprised of sales-type leases for equipment. See “ Note 17. Leases ” for additional information. (2) As of June 30, 2024 and December 31, 2023, the Company had $3.3 billion and $4.0 billion in loans pledged as collateral. This was comprised of $2.8 billion and $3.5 billion in loans pledged as collateral under the Federal Reserve Bank (FRB) Discount Window and $475.9 million and $479.0 million in loans pledged to the Federal Home Loan Bank ( FHLB) of Des Moines as of June 30, 2024 and December 31, 2023, respectively. The following table presents the components of the allowance for loan and lease losses (ALLL): June 30, 2024 December 31, 2023 Gross allowance for loan and lease losses (1) $ 285,368 $ 355,773 Recovery asset value (2) (56,459) (45,386) Allowance for loan and lease losses $ 228,909 $ 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. June 30, 2024 Consumer Commercial Total Loans and leases held for investment $ 3,567,082 $ 661,309 $ 4,228,391 Allowance for loan and lease losses $ 210,729 $ 18,180 $ 228,909 Allowance ratio (1) 5.9 % 2.7 % 5.4 % Gross allowance for loan and lease losses $ 267,188 $ 18,180 $ 285,368 Gross allowance ratio (1) 7.5 % 2.7 % 6.7 % 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: June 30, 2024 December 31, 2023 Total 90 or more Total 90 or more Aggregate unpaid principal balance $ 829,090 $ 1,521 $ 431,955 $ 1,395 Cumulative fair value adjustments (38,031) (1,224) (24,182) (1,102) Fair value of loans held for sale $ 791,059 $ 297 $ 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: June 30, 2024 December 31, 2023 Total 90 or more Total 90 or more Aggregate unpaid principal balance $ 362,823 $ 5,843 $ 281,031 $ 3,774 Cumulative fair value adjustments (28,181) (4,701) (18,841) (3,037) Fair value of loans held for investment $ 334,642 $ 1,142 $ 262,190 $ 737
Schedule of Allowance for Credit Loss	The activity in the allowance for credit losses by portfolio segment was as follows: Three Months Ended June 30, 2024 2023 Consumer Commercial Total Consumer Commercial Total Allowance for loan and lease losses, beginning of period $ 246,280 $ 12,870 $ 259,150 $ 333,546 $ 15,311 $ 348,857 Credit loss expense (benefit) for loans and leases held for investment 30,760 5,817 36,577 66,874 (684) 66,190 Charge-offs (1) (77,494) (594) (78,088) (63,345) (924) (64,269) Recoveries 11,183 87 11,270 4,086 299 4,385 Allowance for loan and lease losses, end of period $ 210,729 $ 18,180 $ 228,909 $ 341,161 $ 14,002 $ 355,163 Reserve for unfunded lending commitments, beginning of period $ — $ 1,662 $ 1,662 $ 67 $ 1,545 $ 1,612 Credit loss expense (benefit) for unfunded lending commitments — (207) (207) (67) 472 405 Reserve for unfunded lending commitments, end of period (2) $ — $ 1,455 $ 1,455 $ — $ 2,017 $ 2,017 Six Months Ended June 30, 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 (benefit) for loans and leases held for investment 58,446 7,377 65,823 137,558 (518) 137,040 Charge-offs (1) (166,604) (1,826) (168,430) (115,557) (1,275) (116,832) Recoveries 20,826 303 21,129 6,671 432 7,103 Allowance for loan and lease losses, end of period $ 210,729 $ 18,180 $ 228,909 $ 341,161 $ 14,002 $ 355,163 Reserve for unfunded lending commitments, beginning of period $ — $ 1,873 $ 1,873 $ 18 $ 1,860 $ 1,878 Credit loss expense (benefit) for unfunded lending commitments — (418) (418) (18) 157 139 Reserve for unfunded lending commitments, end of period (2) $ — $ 1,455 $ 1,455 $ — $ 2,017 $ 2,017 (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 $91.5 million and $108.9 million of unfunded commitments as of June 30, 2024 and 2023, respectively. As of June 30, 2024, $8.3 million of the $91.5 million of unfunded commitments is unconditionally cancellable and therefore has no associated reserve.
Schedule of Financing Receivable Gross Charge-Offs and Credit Quality Indicators	The following table presents charge-offs by origination year for the first half of 2024: Gross Charge-Offs by Origination Year 2024 2023 2022 2021 2020 Prior Total Unsecured personal $ 284 $ 48,127 $ 86,555 $ 30,540 $ — $ — $ 165,506 Residential mortgages — — — — — — — Secured consumer — 263 529 306 — — 1,098 Total consumer loans held for investment 284 48,390 87,084 30,846 — — 166,604 Equipment finance — — — — — — — Commercial real estate — — — — — — — Commercial and industrial — 421 99 403 — 903 1,826 Total commercial loans and leases held for investment — 421 99 403 — 903 1,826 Total loans and leases held for investment $ 284 $ 48,811 $ 87,183 $ 31,249 $ — $ 903 $ 168,430 June 30, 2024 Term Loans and Leases by Origination Year 2024 2023 2022 2021 2020 Prior Total Unsecured personal Current $ 497,390 $ 1,138,471 $ 1,185,700 $ 252,988 $ — $ — $ 3,074,549 30-59 days past due 1,156 8,634 11,549 3,498 — — 24,837 60-89 days past due 506 7,481 11,675 3,207 — — 22,869 90 or more days past due 322 8,609 11,080 3,814 — — 23,825 Total unsecured personal (1) 499,374 1,163,195 1,220,004 263,507 — — 3,146,080 Residential mortgages Current — — 47,442 53,460 29,369 47,872 178,143 30-59 days past due — — — — — — — 60-89 days past due — — — — — 147 147 90 or more days past due — — — — — — — Total residential mortgages — — 47,442 53,460 29,369 48,019 178,290 Secured consumer Current 45,213 102,201 75,981 15,771 — 2,417 241,583 30-59 days past due — 439 1,107 279 — — 1,825 60-89 days past due — 142 395 85 — — 622 90 or more days past due — 75 129 54 — — 258 Total secured consumer 45,213 102,857 77,612 16,189 — 2,417 244,288 Total consumer loans held for investment $ 544,587 $ 1,266,052 $ 1,345,058 $ 333,156 $ 29,369 $ 50,436 $ 3,568,658 (1) Excludes cumulative basis adjustment for loans designated in fair value hedges under the portfolio layer method. As of June 30, 2024, the basis adjustment totaled $1.6 million and represents a decrease 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: June 30, 2024 Term Loans and Leases by Origination Year 2024 2023 2022 2021 2020 Prior Total Guaranteed Amount (1) Equipment finance Pass $ — $ 2,238 $ 37,916 $ 16,691 $ 11,158 $ 12,621 $ 80,624 $ — Special mention — — 413 783 — — 1,196 — Substandard — — 1,339 611 — — 1,950 — Doubtful — — — — — — — — Loss — — — — — — — — Total equipment finance — 2,238 39,668 18,085 11,158 12,621 83,770 — Commercial real estate Pass 13,288 56,543 90,377 24,878 31,182 121,961 338,229 30,413 Special mention — — 1,996 — 562 5,009 7,567 2,122 Substandard — — 444 8,490 9,190 13,247 31,371 7,247 Doubtful — — — — — — — — Loss — — 2,703 1,515 — 488 4,706 3,980 Total commercial real estate 13,288 56,543 95,520 34,883 40,934 140,705 381,873 43,762 Commercial and industrial Pass 13,752 39,318 47,418 33,457 7,900 19,283 161,128 100,789 Special mention — 3,407 1,295 — — 135 4,837 3,632 Substandard — — 12,789 2,392 709 1,918 17,808 9,811 Doubtful — — 3,279 1,559 504 285 5,627 4,703 Loss — — 1,442 3,575 — 1,249 6,266 6,279 Total commercial and industrial 13,752 42,725 66,223 40,983 9,113 22,870 195,666 125,214 Total commercial loans and leases held for investment $ 27,040 $ 101,506 $ 201,411 $ 93,951 $ 61,205 $ 176,196 $ 661,309 $ 168,976 (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: June 30, 2024 30-59 60-89 90 or More Total Days Past Due Guaranteed Amount (1) Equipment finance $ 18 $ — $ 8 $ 26 $ — Commercial real estate 7,422 384 8,569 16,375 10,894 Commercial and industrial 8,715 774 5,869 15,358 12,736 Total commercial loans and leases held for investment $ 16,155 $ 1,158 $ 14,446 $ 31,759 $ 23,630 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: June 30, 2024 December 31, 2023 Nonaccrual Nonaccrual with no related ACL (1) Nonaccrual Nonaccrual with no related ACL (1) Unsecured personal $ 23,825 $ — $ 30,132 $ — Residential mortgages 305 305 312 312 Secured consumer 257 — 217 — Total nonaccrual consumer loans held for investment 24,387 305 30,661 312 Equipment finance — — — — Commercial real estate 20,443 6,304 9,663 2,187 Commercial and industrial 20,316 7,512 4,058 1,590 Total nonaccrual commercial loans and leases held for investment (2) 40,759 13,816 13,721 3,777 Total nonaccrual loans and leases held for investment $ 65,146 $ 14,121 $ 44,382 $ 4,089 (1) Subset of total nonaccrual loans and leases. (2) Includes $24.5 million and $10.4 million in loan balances guaranteed by the SBA as of June 30, 2024 and December 31, 2023, respectively. June 30, 2024 December 31, 2023 Nonaccrual Nonaccrual Ratios (1) Nonaccrual Nonaccrual Ratios (1) Total nonaccrual consumer loans held for investment $ 24,387 0.7 % $ 30,661 0.7 % Total nonaccrual commercial loans and leases held for investment 40,759 6.2 % 13,721 2.0 % Total nonaccrual loans and leases held for investment $ 65,146 1.5 % $ 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 June 30, Six Months Ended June 30, 2024 2023 2024 2023 Short-term payment reduction $ 10,926 $ 206 $ 22,445 $ 367 Permanent loan modification 1,778 897 3,092 1,287 Debt settlement 6,153 6,504 6,264 6,616 Total loan modifications – unsecured personal loans $ 18,857 $ 7,607 $ 31,801 $ 8,270 % of unsecured personal loans at amortized cost as of period end 0.6 % 0.2 % 1.0 % 0.2 % 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: June 30, 2024 June 30, 2023 (1) Short-term Payment Reduction Permanent Loan Modification Debt Settlement Short-term Payment Reduction Permanent Loan Modification Debt Settlement Unsecured personal loans Current $ 21,215 $ 4,317 $ 161 $ 354 $ 1,221 $ 10 30-59 days 1,850 177 23 9 36 11 60-89 days 1,526 281 616 4 30 1,829 90 or more days 896 148 5,622 — — 4,766 Total loan modifications $ 25,487 $ 4,923 $ 6,422 $ 367 $ 1,287 $ 6,616 (1) Reflects the delinquency status of the amortized cost of loan modifications that were modified during the preceding six 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 June 30, Six Months Ended June 30, 2024 2023 (1) 2024 2023 (1) Short-term payment reduction $ 1,367 $ 14 $ 1,560 $ 14 Permanent loan modification 489 51 928 78 Debt settlement 20,197 12,756 41,972 18,463 Total loan modifications – unsecured personal loans $ 22,053 $ 12,821 $ 44,460 $ 18,555 (1) Reflects total amount of charge-offs during the period for loan modifications that were entered into within the preceding six 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)	6 Months Ended
	Jun. 30, 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. June 30, 2024 December 31, 2023 Consolidated Unconsolidated Total Consolidated Unconsolidated Total Assets Restricted cash $ 2,818 $ — $ 2,818 $ 3,454 $ — $ 3,454 Securities available for sale at fair value — 2,447,660 2,447,660 — 1,249,796 1,249,796 Loans held for investment at fair value (1) 155 — 155 970 — 970 Other assets 7 48,048 48,055 14 31,531 31,545 Total assets $ 2,980 $ 2,495,708 $ 2,498,688 $ 4,438 $ 1,281,327 $ 1,285,765 Liabilities Borrowings (1) 1,511 — 1,511 2,888 — 2,888 Other liabilities — 5,407 5,407 4 3,301 3,305 Total liabilities $ 1,511 $ 5,407 $ 6,918 $ 2,892 $ 3,301 $ 6,193 Total net assets (maximum loss exposure) $ 1,469 $ 2,490,301 $ 2,491,770 $ 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 Six Months Ended 2024 2023 2024 2023 Fair value of consideration received: Cash $ 97,246 $ 18,051 $ 190,890 $ 18,051 Securities retained from Structured Program transactions 759,149 153,229 1,498,125 153,229 Other assets, net 9,906 2,299 19,639 2,299 Total consideration 866,301 173,579 1,708,654 173,579 Fair value of loans sold (857,434) (171,559) (1,691,210) (171,559) Gain on sales of loans (1) $ 8,867 $ 2,020 $ 17,444 $ 2,020 Cash proceeds from continuing involvement: Servicing and other administrative fees $ 5,982 $ 862 $ 10,705 $ 1,876 Interest received on securities retained from Structured Program transactions $ 37,390 $ 2,406 $ 67,053 $ 3,594 (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)	6 Months Ended
	Jun. 30, 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: June 30, 2024 Level 1 Level 2 Level 3 Balance at Assets: Loans held for sale at fair value $ — $ — $ 791,059 $ 791,059 Loans held for investment at fair value — — 339,222 339,222 Securities available for sale: Senior asset-backed securities related to Structured Program transactions — — 2,312,114 2,312,114 U.S. agency residential mortgage-backed securities — 216,336 — 216,336 Other asset-backed securities related to Structured Program transactions — — 135,545 135,545 U.S. agency securities — 79,067 — 79,067 Mortgage-backed securities — 45,271 — 45,271 Other asset-backed securities — 23,555 — 23,555 Municipal securities — 2,495 — 2,495 Total securities available for sale — 366,724 2,447,659 2,814,383 Servicing assets — — 69,709 69,709 Other assets — 5,841 — 5,841 Total assets $ — $ 372,565 $ 3,647,649 $ 4,020,214 Liabilities: Borrowings — — 5,474 5,474 Other liabilities — 4,070 10,700 14,770 Total liabilities $ — $ 4,070 $ 16,174 $ 20,244 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: June 30, 2024 December 31, 2023 Minimum Maximum Weighted- Average Minimum Maximum Weighted- Average Discount rate 7.7 % 12.3 % 8.9 % 8.1 % 10.3 % 9.0 % Annualized net charge-off rate (1) 2.1 % 21.6 % 6.2 % 2.7 % 12.9 % 6.5 % Annualized prepayment rate (1) 15.0 % 21.4 % 18.7 % 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: June 30, 2024 December 31, 2023 Minimum Maximum Weighted- Average Minimum Maximum Weighted- Average Discount rate 6.3 % 22.8 % 12.4 % 8.4 % 16.2 % 12.8 % Annualized net charge-off rate (1) 2.1 % 20.8 % 7.0 % 1.9 % 5.9 % 3.7 % Annualized prepayment rate (1) 16.1 % 24.9 % 20.4 % 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 input, which includes credit spreads, was used in the fair value measurement of senior asset-backed securities related to Structured Program transactions: June 30, 2024 December 31, 2023 Minimum Maximum Weighted- Minimum Maximum Weighted- Discount rate 6.9 % 7.1 % 7.0 % 7.0 % 7.0 % 7.0 % The following significant unobservable inputs were used in the fair value measurement of other asset-backed securities related to Structured Program transactions: June 30, 2024 December 31, 2023 Minimum Maximum Weighted- Minimum Maximum Weighted- Discount rate 6.9 % 11.4 % 8.7 % 8.1 % 10.3 % 9.0 % Annualized net charge-off rate (1) 4.4 % 6.0 % 5.3 % 4.9 % 5.9 % 5.5 % Annualized prepayment rate (1) 17.4 % 19.7 % 18.8 % 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: June 30, 2024 December 31, 2023 Minimum Maximum Weighted- Minimum Maximum Weighted- Discount rate 8.7 % 17.3 % 10.9 % 8.7 % 17.3 % 11.3 % Annualized net charge-off rate (1) 1.9 % 23.5 % 8.1 % 1.9 % 24.0 % 8.7 % Annualized prepayment rate (1) 15.2 % 24.8 % 19.2 % 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: June 30, 2024 December 31, 2023 Loans held for sale at fair value $ 791,059 $ 407,773 Expected remaining weighted-average life (in years) 1.5 1.5 Discount rate: 100 basis point increase $ (10,237) $ (5,093) 200 basis point increase $ (19,908) $ (10,051) Annualized net charge-off rate: 10% increase $ (9,363) $ (5,102) 20% increase $ (18,694) $ (10,184) Annualized prepayment rate: 10% increase $ (1,596) $ (851) 20% increase $ (3,111) $ (1,628) The sensitivity of loans HFI at fair value to adverse changes in key assumptions was as follows: June 30, 2024 December 31, 2023 Loans held for investment at fair value $ 334,642 $ 262,190 Expected remaining weighted-average life (in years) 0.9 0.9 Discount rate: 100 basis point increase $ (2,548) $ (1,957) 200 basis point increase $ (5,062) $ (3,888) Annualized net charge-off rate: 10% increase $ (2,840) $ (1,753) 20% increase $ (6,063) $ (3,595) Annualized prepayment rate: 10% increase $ (1,057) $ (857) 20% increase $ (2,131) $ (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 Six Months Ended 2024 2023 2024 2023 Fair value at beginning of period $ 550,415 $ 44,647 $ 407,773 $ 110,400 Originations and purchases 1,397,930 1,272,118 2,680,180 2,477,147 Sales (1,042,166) (1,238,252) (2,101,814) (2,485,498) Principal payments (63,605) (5,135) (97,877) (11,600) Transfers — 191,807 — 191,807 Realized charge-offs, net of recoveries, recorded in earnings (4,205) (2,107) (8,436) (7,720) Fair value adjustments recorded in earnings (47,310) (12,717) (88,767) (24,175) Fair value at end of period $ 791,059 $ 250,361 $ 791,059 $ 250,361 The following table presents loans HFI at fair value activity: Three Months Ended Six Months Ended 2024 2023 2024 2023 Fair value at beginning of period $ 420,393 $ 748,618 $ 262,190 $ 925,938 Purchases 12,220 — 232,784 4,037 Principal payments (96,004) (156,287) (159,930) (342,738) Transfers — (191,634) — (191,634) Interest income accretion and fair value adjustments recorded in earnings (1,967) 3,422 (402) 8,516 Fair value at end of period $ 334,642 $ 404,119 $ 334,642 $ 404,119 The following table presents senior asset-backed securities related to Structured Program transactions activity: Three Months Ended Six Months Ended 2024 2023 2024 2023 Fair value at beginning of period $ 1,765,259 $ — $ 1,176,403 $ — Additions 716,299 144,680 1,413,646 144,680 Cash received (171,793) (1,290) (278,267) (1,290) Change in unrealized gain (loss) 2,349 (605) 332 (605) Fair value at end of period $ 2,312,114 $ 142,785 $ 2,312,114 $ 142,785 The following table presents other asset-backed securities related to Structured Program transactions activity: Three Months Ended Six Months Ended June 30, 2024 2023 2024 2023 Fair value at beginning of period $ 103,866 $ 10,397 $ 73,393 $ 12,469 Additions 43,887 8,667 86,625 8,780 Cash received (12,735) (2,084) (22,066) (4,269) Credit loss (expense) benefit for securities available for sale 809 — (2,083) — Change in unrealized gain (loss) (282) — (324) — Fair value at end of period $ 135,545 $ 16,980 $ 135,545 $ 16,980 The following table presents servicing assets activity: Three Months Ended Six Months Ended 2024 2023 2024 2023 Fair value at beginning of period $ 71,830 $ 89,241 $ 77,680 $ 84,308 Issuances (1) 13,759 13,576 27,337 27,701 Change in fair value, included in Marketplace revenue (15,868) (17,074) (35,296) (29,650) Other net changes (12) (356) (12) 3,028 Fair value at end of period $ 69,709 $ 85,387 $ 69,709 $ 85,387 (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: June 30, 2024 December 31, 2023 Unsecured personal $ 3,144,504 $ 3,726,830 Residential mortgages 178,290 183,050 Secured consumer 244,288 250,039 Total consumer loans held for investment 3,567,082 4,159,919 Equipment finance (1) 83,770 110,992 Commercial real estate 381,873 380,322 Commercial and industrial 195,666 199,069 Total commercial loans and leases held for investment 661,309 690,383 Total loans and leases held for investment 4,228,391 4,850,302 Allowance for loan and lease losses (228,909) (310,387) Loans and leases held for investment, net (2) $ 3,999,482 $ 4,539,915 (1) Comprised of sales-type leases for equipment. See “ Note 17. Leases ” for additional information. (2) As of June 30, 2024 and December 31, 2023, the Company had $3.3 billion and $4.0 billion in loans pledged as collateral. This was comprised of $2.8 billion and $3.5 billion in loans pledged as collateral under the Federal Reserve Bank (FRB) Discount Window and $475.9 million and $479.0 million in loans pledged to the Federal Home Loan Bank ( FHLB) of Des Moines as of June 30, 2024 and December 31, 2023, respectively. The following table presents the components of the allowance for loan and lease losses (ALLL): June 30, 2024 December 31, 2023 Gross allowance for loan and lease losses (1) $ 285,368 $ 355,773 Recovery asset value (2) (56,459) (45,386) Allowance for loan and lease losses $ 228,909 $ 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. June 30, 2024 Consumer Commercial Total Loans and leases held for investment $ 3,567,082 $ 661,309 $ 4,228,391 Allowance for loan and lease losses $ 210,729 $ 18,180 $ 228,909 Allowance ratio (1) 5.9 % 2.7 % 5.4 % Gross allowance for loan and lease losses $ 267,188 $ 18,180 $ 285,368 Gross allowance ratio (1) 7.5 % 2.7 % 6.7 % 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: June 30, 2024 December 31, 2023 Total 90 or more Total 90 or more Aggregate unpaid principal balance $ 829,090 $ 1,521 $ 431,955 $ 1,395 Cumulative fair value adjustments (38,031) (1,224) (24,182) (1,102) Fair value of loans held for sale $ 791,059 $ 297 $ 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: June 30, 2024 December 31, 2023 Total 90 or more Total 90 or more Aggregate unpaid principal balance $ 362,823 $ 5,843 $ 281,031 $ 3,774 Cumulative fair value adjustments (28,181) (4,701) (18,841) (3,037) Fair value of loans held for investment $ 334,642 $ 1,142 $ 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: June 30, 2024 December 31, 2023 Fair value of interests held $ 2,312,114 $ 1,176,403 Expected remaining weighted-average life (in years) 1.4 1.5 Discount rate: 100 basis point increase $ (31,714) $ (18,016) 200 basis point increase $ (63,429) $ (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: June 30, 2024 December 31, 2023 Fair value of interests held $ 135,545 $ 73,393 Expected remaining weighted-average life (in years) 1.4 1.5 Discount rate: 100 basis point increase $ (1,685) $ (927) 200 basis point increase $ (3,302) $ (1,836) Annualized net charge-off rate: 10% increase $ (1,405) $ (882) 20% increase $ (2,817) $ (1,771) Annualized prepayment rate: 10% increase $ (241) $ (203) 20% increase $ (476) $ (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: June 30, 2024 December 31, 2023 Fair value of servicing assets $ 69,709 $ 77,680 Expected remaining weighted-average life (in years) 1.2 1.2 Discount rate: 100 basis point increase $ (618) $ (675) 200 basis point increase $ (1,236) $ (1,349) Annualized net charge-off rate: 10% increase $ (679) $ (878) 20% increase $ (1,357) $ (1,756) Annualized prepayment rate: 10% increase $ (1,386) $ (1,550) 20% increase $ (2,772) $ (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: June 30, 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% $ (7,956) $ (8,719) Servicing rate decrease by 0.10% $ 7,956 $ 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: June 30, 2024 Carrying Amount Level 1 Level 2 Level 3 Balance at Assets: Loans and leases held for investment, net $ 3,999,482 $ — $ — $ 4,124,236 $ 4,124,236 Other assets 39,329 — 38,886 823 39,709 Total assets $ 4,038,811 $ — $ 38,886 $ 4,125,059 $ 4,163,945 Liabilities: Deposits (1) $ 1,792,943 $ — $ — $ 1,791,688 $ 1,791,688 Other liabilities 48,123 — 27,609 20,514 48,123 Total liabilities $ 1,841,066 $ — $ 27,609 $ 1,812,202 $ 1,839,811 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)	6 Months Ended
	Jun. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivatives Not Designated as Accounting Hedges	The table below presents the notional and gross fair value amounts of the Company’s derivatives that are not designated as accounting hedges: June 30, 2024 December 31, 2023 Notional Derivative Liability (1) Derivative Asset (1) Notional Derivative Liability (1) Credit derivatives (2) $ 10,763 $ (9,814) $ — $ 7,307 $ (6,372) Interest rate caps 200,000 — 403 — — Total $ 210,763 $ (9,814) $ 403 $ 7,307 $ (6,372) (1) Recorded in “Other liabilities” or “Other assets,” as applicable, on the Balance Sheet and in “Operating activities” on the Statement of Cash Flow. (2)
Schedule of Gains (Losses) on Derivatives	The table below presents the losses recognized on the Company’s derivatives that are not designated as accounting hedges: Three Months Ended Six Months Ended 2024 2023 2024 2023 Credit derivatives (1) $ (2,008) $ (945) $ (3,442) $ (945) Interest rate caps (2) (63) — (63) — Total losses $ (2,071) $ (945) $ (3,505) $ (945) (1) The initial fair value of the credit 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. (2) Changes in the fair value of the interest rate cap are recorded in “Net fair value adjustments” within “Marketplace revenue” on the Income Statement. The following table summarizes the gains recognized on the Company’s fair value hedges: Three Months Ended June 30, 2024 Six Months Ended June 30, 2024 Hedged item $ (1,785) $ (10,457) Derivatives used for hedging 1,563 9,915 Interest settlement on derivative (1) 1,396 2,769 Total gains on fair value hedges (2) $ 1,174 $ 2,227 (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 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 fair value hedges: June 30, 2024 December 31, 2023 Notional Derivative Asset (1) Notional Derivative Liability (1) Interest rate swaps $ 1,300,000 $ 1,368 $ 1,500,000 $ (8,547) (1) Recorded in “Other assets” or “Other liabilities,” as applicable, on the Balance Sheet and in “Operating activities” on the Statement of Cash Flow.
Schedule of Cumulative Basis Adjustments for Fair Value Hedges	The following table presents the cumulative basis adjustments for fair value hedges: June 30, 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 $ 2,156,120 $ (1,576) $ 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 June 30, 2024 and December 31, 2023, the amortized cost of loans designated as the hedged item in the portfolio layer hedging relationship was $1.3 billion and $1.5 billion, respectively.

Property, Equipment and Softw_2

Property, Equipment and Software, Net (Tables)	6 Months Ended
	Jun. 30, 2024
Property, Plant and Equipment [Abstract]
Schedule of Property, Equipment and Software, Net	Property, equipment and software, net, consist of the following: June 30, 2024 December 31, 2023 Software (1) $ 230,752 $ 209,260 Leasehold improvements 30,699 30,764 Computer equipment 21,655 21,654 Furniture and fixtures 5,554 5,845 Total property, equipment and software 288,660 267,523 Accumulated depreciation and amortization (122,510) (106,006) Total property, equipment and software, net $ 166,150 $ 161,517 (1) Includes $67.9 million and $66.9 million of development in progress for internally-developed software and $4.7 million and $4.6 million of development in progress to customize purchased software as of June 30, 2024 and December 31, 2023, respectively.

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 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: June 30, 2024 December 31, 2023 Gross carrying value $ 54,500 $ 54,500 Accumulated amortization (44,207) (42,365) Net carrying value $ 10,293 $ 12,135
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	The expected future amortization expense for intangible assets as of June 30, 2024, is as follows: 2024 $ 1,707 2025 2,901 2026 2,252 2027 1,603 2028 945 Thereafter 885 Total $ 10,293

Other Assets (Tables)

Other Assets (Tables)	6 Months Ended
	Jun. 30, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Other Assets	Other assets consist of the following: June 30, 2024 December 31, 2023 Deferred tax assets, net (1) $ 145,220 $ 151,411 Servicing assets (2) 70,152 78,401 Nonmarketable equity investments 44,161 42,891 Accrued interest receivable 39,493 35,793 Operating lease assets 23,027 26,611 Intangible assets, net (3) 10,293 12,135 Other 98,240 108,211 Total other assets $ 430,586 $ 455,453 (1) See “ Note 16. Income Taxes ” for additional detail. (2) Loans underlying servicing assets had a total outstanding principal balance of $8.4 billion and $9.5 billion as of June 30, 2024 and December 31, 2023, respectively. (3) See “ Note 10. Goodwill and Intangible Assets ” for additional detail.

Deposits (Tables)

Deposits (Tables)	6 Months Ended
	Jun. 30, 2024
Other Liabilities Disclosure [Abstract]
Schedule of Deposits	Deposits consist of the following: June 30, 2024 December 31, 2023 Interest-bearing deposits: Savings and money market accounts $ 4,968,644 $ 4,349,239 Certificates of deposit 1,792,943 1,714,889 Checking accounts 998,045 937,552 Total 7,759,632 7,001,680 Noninterest-bearing deposits 335,696 331,806 Total deposits $ 8,095,328 $ 7,333,486 Total certificates of deposit at June 30, 2024 are scheduled to mature as follows: 2024 $ 1,234,149 2025 537,720 2026 4,637 2027 11,099 2028 2,021 Thereafter 3,317 Total certificates of deposit $ 1,792,943 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 June 30, 2024: Three months or less Over 3 months through Over 6 months through Over Total Certificates of deposit $ 50,894 $ 96,095 $ 55,258 $ 10,632 $ 212,879

Borrowings (Tables)

Borrowings (Tables)	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Schedule of Long-Term Debt	The following table summarizes the Company’s available borrowing capacity and the related pledged collateral: June 30, 2024 December 31, 2023 Available Borrowing Capacity Pledged Collateral Available Borrowing Capacity Pledged Collateral FRB Discount Window $ 2,345,668 $ 2,802,549 $ 2,816,501 $ 3,507,541 FHLB of Des Moines 649,783 832,414 661,337 838,511 Total $ 2,995,451 $ 3,634,963 $ 3,477,838 $ 4,346,052 The following table summarizes the components of the Company’s long-term debt, as of the dates indicated: June 30, 2024 December 31, 2023 Advances from PPPLF (1) : Aggregate debt outstanding (fixed interest rate of 0.35%) $ — $ 6,398 Pledged collateral $ — $ 6,392 Retail notes and certificates (2) : Aggregate debt outstanding $ 4,580 $ 10,488 Payable on Structured Program borrowings (3) : Aggregate debt outstanding $ 894 $ 2,468 Pledged collateral $ 2,755 $ 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 $2.8 million as of June 30, 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)	6 Months Ended
	Jun. 30, 2024
Payables and Accruals [Abstract]
Schedule of Other Liabilities	Other liabilities consist of the following: June 30, 2024 December 31, 2023 Accounts payable and accrued expenses $ 60,896 $ 54,619 Operating lease liabilities 32,308 37,869 Payable to investors (1) 27,609 36,823 Other 76,490 93,490 Total other liabilities $ 197,303 $ 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)	6 Months Ended
	Jun. 30, 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 Six Months Ended 2024 2023 2024 2023 RSUs $ 11,573 $ 16,383 $ 23,555 $ 29,973 PBRSUs (258) 1,762 1,359 2,464 Stock-based compensation expense, gross 11,315 18,145 24,914 32,437 Less: Capitalized stock-based compensation expense 1,866 2,317 3,921 4,721 Stock-based compensation expense, net $ 9,449 $ 15,828 $ 20,993 $ 27,716
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 3,837,787 $ 8.53 Vested (2,435,039) $ 10.17 Forfeited/expired (874,797) $ 9.14 Unvested at June 30, 2024 7,527,782 $ 8.76
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 (719,664) $ 16.64 Unvested at June 30, 2024 1,212,209 $ 8.68

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Jun. 30, 2024
Income Tax Disclosure [Abstract]
Schedule of Deferred Tax Assets	The following table summarizes the Company’s net deferred tax assets: June 30, 2024 December 31, 2023 Deferred tax assets, net of liabilities $ 191,328 $ 197,519 Valuation allowance (46,108) (46,108) Deferred tax assets, net of valuation allowance $ 145,220 $ 151,411

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2024
Leases [Abstract]
Schedule of Components of Equipment Finance Assets	The components of Equipment Finance assets are as follows: June 30, 2024 December 31, 2023 Lease receivables $ 68,006 $ 92,546 Unguaranteed residual asset values 23,204 28,913 Unearned income (7,897) (11,072) Deferred fees 457 605 Total $ 83,770 $ 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 June 30, 2024 were as follows: 2024 $ 17,138 2025 24,919 2026 15,009 2027 7,603 2028 4,044 Thereafter 1,542 Total lease payments $ 70,255 Discount effect (2,249) Present value of future minimum lease payments $ 68,006
Schedule of Supplemental Balance Sheet Information	Balance sheet information related to leases was as follows: ROU Assets and Lease Liabilities Balance Sheet Classification June 30, 2024 December 31, 2023 Operating lease assets Other assets $ 23,027 $ 26,611 Operating lease liabilities Other liabilities $ 32,308 $ 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 Six Months Ended 2024 2023 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 June 30, 2024 were as follows: Operating Lease 2024 $ 6,441 2025 13,129 2026 7,228 2027 4,265 2028 3,922 Thereafter 909 Total lease payments $ 35,894 Discount effect (3,586) Present value of future minimum lease payments $ 32,308
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 June 30, 2024 December 31, 2023 Weighted-average remaining lease term (in years) 3.32 3.72 Weighted-average discount rate 4.99 % 5.04 %

Regulatory Requirements (Tables

Regulatory Requirements (Tables)	6 Months Ended
	Jun. 30, 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: June 30, 2024 December 31, 2023 Required Minimum plus Required CCB for Non-Leverage Ratios Amount Ratio Amount Ratio LendingClub Corporation: CET1 capital (1) $ 1,123.0 17.9 % $ 1,090.2 17.9 % 7.0 % Tier 1 capital $ 1,123.0 17.9 % $ 1,090.2 17.9 % 8.5 % Total capital $ 1,203.2 19.2 % $ 1,169.2 19.2 % 10.5 % Tier 1 leverage $ 1,123.0 12.1 % $ 1,090.2 12.9 % 4.0 % Risk-weighted assets $ 6,274.8 N/A $ 6,104.5 N/A N/A Quarterly adjusted average assets $ 9,252.6 N/A $ 8,476.1 N/A N/A LendingClub Bank: CET1 capital (1) $ 964.2 15.5 % $ 949.4 15.8 % 7.0 % Tier 1 capital $ 964.2 15.5 % $ 949.4 15.8 % 8.5 % Total capital $ 1,043.6 16.8 % $ 1,027.4 17.1 % 10.5 % Tier 1 leverage $ 964.2 10.5 % $ 949.4 11.4 % 4.0 % Risk-weighted assets $ 6,206.4 N/A $ 6,022.2 N/A N/A Quarterly adjusted average assets $ 9,142.1 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)	6 Months Ended
	Jun. 30, 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 June 30, Three Months Ended June 30, Three Months Ended June 30, Three Months Ended June 30, 2024 2023 2024 2023 2024 2023 2024 2023 Non-interest income: Marketplace revenue $ 39,533 $ 62,006 $ 10,946 $ 7,772 $ 5,874 $ 13,005 $ 56,353 $ 82,783 Other non-interest income 12,387 21,743 1,903 2,431 (11,930) (21,139) 2,360 3,035 Total non-interest income 51,920 83,749 12,849 10,203 (6,056) (8,134) 58,713 85,818 Interest income: Interest income 217,814 210,514 1,820 3,972 — — 219,634 214,486 Interest expense (90,888) (66,546) (218) (1,288) — — (91,106) (67,834) Net interest income 126,926 143,968 1,602 2,684 — — 128,528 146,652 Total net revenue 178,846 227,717 14,451 12,887 (6,056) (8,134) 187,241 232,470 Provision for credit losses (35,561) (66,611) — 16 — — (35,561) (66,595) Non-interest expense (126,857) (142,563) (11,457) (16,650) 6,056 8,134 (132,258) (151,079) Income (Loss) before income tax benefit (expense) 16,428 18,543 2,994 (3,747) — — 19,422 14,796 Income tax benefit (expense) (3,872) (5,429) (647) 743 — — (4,519) (4,686) Net income (loss) $ 12,556 $ 13,114 $ 2,347 $ (3,004) $ — $ — $ 14,903 $ 10,110 Capital expenditures $ 12,865 $ 15,857 $ — $ — $ — $ — $ 12,865 $ 15,857 Depreciation and amortization $ 10,896 $ 7,073 $ 2,176 $ 4,565 $ — $ — $ 13,072 $ 11,638 LendingClub LendingClub Intercompany Consolidated Total Six Months Ended June 30, Six Months Ended June 30, Six Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 2024 2023 2024 2023 Non-interest income: Marketplace revenue $ 78,048 $ 134,694 $ 20,774 $ 20,880 $ 13,422 $ 22,843 $ 112,244 $ 178,417 Other non-interest income 26,082 40,904 3,849 4,984 (25,662) (39,497) 4,269 6,391 Total non-interest income 104,130 175,598 24,623 25,864 (12,240) (16,654) 116,513 184,808 Interest income: Interest income 422,621 408,844 4,364 8,055 — — 426,985 416,899 Interest expense (175,011) (120,442) (558) (3,101) — — (175,569) (123,543) Net interest income 247,610 288,402 3,806 4,954 — — 251,416 293,356 Total net revenue 351,740 464,000 28,429 30,818 (12,240) (16,654) 367,929 478,164 Provision for credit losses (67,488) (137,195) — 16 — — (67,488) (137,179) Non-interest expense (253,353) (290,946) (23,378) (34,095) 12,240 16,654 (264,491) (308,387) Income (Loss) before income tax benefit (expense) 30,899 35,859 5,051 (3,261) — — 35,950 32,598 Income tax benefit (expense) (7,557) (9,685) (1,240) 863 — — (8,797) (8,822) Net income (loss) $ 23,342 $ 26,174 $ 3,811 $ (2,398) $ — $ — $ 27,153 $ 23,776 Capital expenditures $ 24,646 $ 32,255 $ — $ — $ — $ — $ 24,646 $ 32,255 Depreciation and amortization $ 21,062 $ 13,967 $ 4,683 $ 10,025 $ — $ — $ 25,745 $ 23,992 LendingClub Bank LendingClub Corporation Intercompany Consolidated Total June 30, 2024 December 31, 2023 June 30, 2024 December 31, 2023 June 30, 2024 December 31, 2023 June 30, 2024 December 31, 2023 Assets Total cash and cash equivalents $ 917,693 $ 1,230,206 $ 136,318 $ 110,273 $ (115,892) $ (87,975) $ 938,119 $ 1,252,504 Restricted cash — — 35,924 46,628 (4,592) (4,984) 31,332 41,644 Securities available for sale at fair value 2,814,383 1,617,309 — 2,953 — — 2,814,383 1,620,262 Loans held for sale at fair value 791,059 407,773 — — — — 791,059 407,773 Loans and leases held for investment, net 3,999,482 4,539,915 — — — — 3,999,482 4,539,915 Loans held for investment at fair value (1) 330,825 253,800 8,397 18,878 — — 339,222 272,678 Property, equipment and software, net 153,772 144,439 12,378 17,078 — — 166,150 161,517 Investment in subsidiary — — 839,334 816,703 (839,334) (816,703) — — Goodwill 75,717 75,717 — — — — 75,717 75,717 Other assets 341,643 341,680 107,297 131,135 (18,354) (17,362) 430,586 455,453 Total assets 9,424,574 8,610,839 1,139,648 1,143,648 (978,172) (927,024) 9,586,050 8,827,463 Liabilities and Equity Total deposits 8,215,812 7,426,445 — — (120,484) (92,959) 8,095,328 7,333,486 Borrowings (1) — 6,398 5,474 12,956 — — 5,474 19,354 Other liabilities 143,986 154,077 71,671 86,086 (18,354) (17,362) 197,303 222,801 Total liabilities 8,359,798 7,586,920 77,145 99,042 (138,838) (110,321) 8,298,105 7,575,641 Total equity 1,064,776 1,023,919 1,062,503 1,044,606 (839,334) (816,703) 1,287,945 1,251,822 Total liabilities and equity $ 9,424,574 $ 8,610,839 $ 1,139,648 $ 1,143,648 $ (978,172) $ (927,024) $ 9,586,050 $ 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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Disaggregation of Revenue [Line Items]
Gain on sales of loans	$ 10,748	$ 13,221	$ 21,657	$ 27,346
Net fair value adjustments	(51,395)	(23,442)	(96,084)	(38,856)
Total marketplace revenue	56,353	82,783	112,244	178,417
Origination fees
Disaggregation of Revenue [Line Items]
Revenue	77,131	70,989	147,210	141,532
Servicing fees
Disaggregation of Revenue [Line Items]
Revenue	$ 19,869	$ 22,015	$ 39,461	$ 48,395

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Basic EPS:
Net income attributable to stockholders		$ 14,903	$ 10,110	$ 27,153	$ 23,776
Weighted-average common shares – Basic (in shares)	[1]	111,395,025	107,892,590	111,040,410	107,405,072
Basic EPS ($ per share)	[1]	$ 0.13	$ 0.09	$ 0.24	$ 0.22
Diluted EPS:
Net income attributable to stockholders		$ 14,903	$ 10,110	$ 27,153	$ 23,776
Weighted-average common shares – Diluted (in shares)	[1]	111,466,497	107,895,072	111,076,938	107,409,129
Diluted EPS ($ per share)	[1]	$ 0.13	$ 0.09	$ 0.24	$ 0.22
[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	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 2,869,880		$ 1,663,990
Gross Unrealized Gains	11,452		13,896
Gross Unrealized Losses	(64,866)		(57,624)
Allowance for Credit Losses	(2,083)
Fair Value	2,814,383		1,620,262
Assets Pledged As Collateral
Debt Securities, Available-for-sale [Line Items]
Fair Value	356,600		359,500
Senior asset-backed securities related to Structured Program transactions
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	2,300,892		1,165,513
Gross Unrealized Gains	11,369		10,932
Gross Unrealized Losses	(147)		(42)
Allowance for Credit Losses	0
Fair Value	2,312,114		1,176,403
U.S. agency residential mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	258,894		261,885
Gross Unrealized Gains	42		208
Gross Unrealized Losses	(42,600)		(37,497)
Allowance for Credit Losses	0
Fair Value	216,336		224,596
Other asset-backed securities related to Structured Program transactions
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	137,910		70,662
Gross Unrealized Gains	3		2,731
Gross Unrealized Losses	(285)		0
Allowance for Credit Losses	(2,083)	$ (2,892)	0
Fair Value	135,545		73,393
Restricted investments	135,500		70,100
U.S. agency securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	93,455		93,452
Gross Unrealized Gains	0		0
Gross Unrealized Losses	(14,388)		(13,348)
Allowance for Credit Losses	0
Fair Value	79,067		80,104
Mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	51,356		42,511
Gross Unrealized Gains	8		0
Gross Unrealized Losses	(6,093)		(5,435)
Allowance for Credit Losses	0
Fair Value	45,271		37,076
Other asset-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	24,126		26,710
Gross Unrealized Gains	30		25
Gross Unrealized Losses	(601)		(634)
Allowance for Credit Losses	0
Fair Value	23,555		26,101
Municipal securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	3,247		3,257
Gross Unrealized Gains	0		0
Gross Unrealized Losses	(752)		(668)
Allowance for Credit Losses	0
Fair Value	$ 2,495		$ 2,589

Securities Available for Sale_2

Securities Available for Sale - Continuous Loss (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Schedule of Securities Available-for-sale [Line Items]
Fair Value, Less than 12 months	$ 196,085	$ 71,740
Unrealized Losses, Less than 12 months	(749)	(981)
Fair Value, 12 months or longer	320,025	315,760
Unrealized Losses, 12 months or longer	(64,117)	(56,643)
Fair Value	516,110	387,500
Unrealized Losses	(64,866)	(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	134,085	38,359
Unrealized Losses, Less than 12 months	(147)	(42)
Fair Value, 12 months or longer	0	0
Unrealized Losses, 12 months or longer	0	0
Fair Value	134,085	38,359
Unrealized Losses	(147)	(42)
U.S. agency residential mortgage-backed securities
Schedule of Securities Available-for-sale [Line Items]
Fair Value, Less than 12 months	15,321	6,497
Unrealized Losses, Less than 12 months	(182)	(149)
Fair Value, 12 months or longer	194,767	201,426
Unrealized Losses, 12 months or longer	(42,418)	(37,348)
Fair Value	210,088	207,923
Unrealized Losses	(42,600)	(37,497)
Other asset-backed securities related to Structured Program transactions
Schedule of Securities Available-for-sale [Line Items]
Fair Value, Less than 12 months	32,936
Unrealized Losses, Less than 12 months	(285)
Fair Value, 12 months or longer	0
Unrealized Losses, 12 months or longer	0
Fair Value	32,936
Unrealized Losses	(285)
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	76,073	80,104
Unrealized Losses, 12 months or longer	(14,382)	(13,348)
Fair Value	79,067	80,104
Unrealized Losses	(14,388)	(13,348)
Mortgage-backed securities
Schedule of Securities Available-for-sale [Line Items]
Fair Value, Less than 12 months	9,704	13,973
Unrealized Losses, Less than 12 months	(129)	(740)
Fair Value, 12 months or longer	33,066	23,103
Unrealized Losses, 12 months or longer	(5,964)	(4,695)
Fair Value	42,770	37,076
Unrealized Losses	(6,093)	(5,435)
Other asset-backed securities
Schedule of Securities Available-for-sale [Line Items]
Fair Value, Less than 12 months	1,045	12,911
Unrealized Losses, Less than 12 months	0	(50)
Fair Value, 12 months or longer	13,624	8,538
Unrealized Losses, 12 months or longer	(601)	(584)
Fair Value	14,669	21,449
Unrealized Losses	(601)	(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	2,495	2,589
Unrealized Losses, 12 months or longer	(752)	(668)
Fair Value	2,495	2,589
Unrealized Losses	$ (752)	$ (668)

Securities Available for Sale_3

Securities Available for Sale - Allowance for Credit Losses (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2024
Debt Securities, Available-for-sale, Allowance for Credit Loss [Roll Forward]
Allowance for credit losses at end of period	$ 2,083	$ 2,083
Other asset-backed securities related to Structured Program transactions
Debt Securities, Available-for-sale, Allowance for Credit Loss [Roll Forward]
Allowance for credit losses at beginning of period	2,892	0
Credit loss expense (benefit) for securities available for sale	(809)	2,083
Allowance for credit losses at end of period	$ 2,083	$ 2,083

Securities Available for Sale_4

Securities Available for Sale - Maturities (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Amortized Cost
Amortized cost, due within 1 year	$ 3,000
Amortized cost, due after 1 year through 5 years	2,448,837
Amortized cost, due after 5 years through 10 years	42,598
Amortized cost, due after 10 years	375,445
Amortized Cost	2,869,880	$ 1,663,990
Fair Value
Fair value, due within 1 year	2,955
Fair value, due after 1 year through 5 years	2,457,193
Fair value, due after 5 years through 10 years	39,791
Fair value, due after 10 years	314,444
Fair Value	$ 2,814,383	1,620,262
Weighted-average yield, due within 1 year	3.50%
Weighted-average yield, due after 1 year through 5 years	7.82%
Weighted-average yield, due after 5 years through 10 years	4.17%
Weighted-average yield, due after 10 years	2.81%
Weighted-average yield	6.92%
Senior asset-backed securities related to Structured Program transactions
Amortized Cost
Amortized cost, due after 1 year through 5 years	$ 2,300,892
Amortized Cost	2,300,892	1,165,513
Fair Value
Fair value, due after 1 year through 5 years	2,312,114
Fair Value	2,312,114	1,176,403
Other asset-backed securities related to Structured Program transactions
Amortized Cost
Amortized cost, due after 1 year through 5 years	137,910
Amortized Cost	137,910	70,662
Fair Value
Fair value, due after 1 year through 5 years	135,545
Fair Value	135,545	73,393
U.S. agency securities
Amortized Cost
Amortized cost, due within 1 year	3,000
Amortized cost, due after 1 year through 5 years	7,850
Amortized cost, due after 5 years through 10 years	21,998
Amortized cost, due after 10 years	60,607
Amortized Cost	93,455	93,452
Fair Value
Fair value, due within 1 year	2,955
Fair value, due after 1 year through 5 years	7,520
Fair value, due after 5 years through 10 years	19,854
Fair value, due after 10 years	48,738
Fair Value	79,067	80,104
Mortgage-backed securities
Amortized Cost
Amortized cost, due after 1 year through 5 years	1,649
Amortized cost, due after 5 years through 10 years	2,001
Amortized cost, due after 10 years	47,706
Amortized Cost	51,356	42,511
Fair Value
Fair value, due after 1 year through 5 years	1,496
Fair value, due after 5 years through 10 years	1,678
Fair value, due after 10 years	42,097
Fair Value	45,271	37,076
Other asset-backed securities
Amortized Cost
Amortized cost, due after 1 year through 5 years	380
Amortized cost, due after 5 years through 10 years	13,821
Amortized cost, due after 10 years	9,925
Amortized Cost	24,126	26,710
Fair Value
Fair value, due after 1 year through 5 years	381
Fair value, due after 5 years through 10 years	13,811
Fair value, due after 10 years	9,363
Fair Value	23,555	26,101
U.S. agency residential mortgage-backed securities
Amortized Cost
Amortized cost, due after 1 year through 5 years	2
Amortized cost, due after 5 years through 10 years	4,313
Amortized cost, due after 10 years	254,579
Fair Value
Fair value, due after 1 year through 5 years	2
Fair value, due after 5 years through 10 years	4,055
Fair value, due after 10 years	212,279
Fair Value	216,336	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	2,628
Amortized Cost	3,247	3,257
Fair Value
Fair value, due after 1 year through 5 years	135
Fair value, due after 5 years through 10 years	393
Fair value, due after 10 years	1,967
Fair Value	$ 2,495	$ 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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accrued interest receivable, location	Other assets		Other assets		Other assets
Accrued interest	$ 30.7		$ 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	$ 17.6		$ 17.6
Unsecured personal | Consumer | Interest rate reduction | Permanent loan modifications
Accounts, Notes, Loans and Financing Receivable [Line Items]
Weighted average interest rate decrease from modification	7.50%	8.10%	7.90%	8.70%
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	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	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans and leases held for investment	$ 4,228,391		$ 4,850,302
Allowance for loan and lease losses	(228,909)	$ (259,150)	(310,387)	$ (355,163)	$ (348,857)	$ (327,852)
Loans and leases held for investment, net	3,999,482		4,539,915
Assets Pledged As Collateral
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans and leases held for investment, net	3,300,000		4,000,000
Assets Pledged As Collateral | Federal Home Loan Bank of Des Moines
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans and leases held for investment, net	475,900		479,000
Assets Pledged As Collateral | Federal Reserve Bank
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans and leases held for investment, net	2,800,000		3,500,000
Consumer
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans and leases held for investment	3,567,082		4,159,919
Allowance for loan and lease losses	(210,729)	(246,280)	(298,061)	(341,161)	(333,546)	(312,489)
Consumer | Unsecured personal
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans and leases held for investment	3,144,504		3,726,830
Consumer | Residential mortgages
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans and leases held for investment	178,290		183,050
Consumer | Secured consumer
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans and leases held for investment	244,288		250,039
Commercial
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans and leases held for investment	661,309		690,383
Allowance for loan and lease losses	(18,180)	$ (12,870)	(12,326)	$ (14,002)	$ (15,311)	$ (15,363)
Commercial | Equipment finance
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans and leases held for investment	83,770		110,992
Commercial | Commercial real estate
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans and leases held for investment	381,873		380,322
Commercial | Commercial and industrial
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans and leases held for investment	$ 195,666		$ 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	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022
Receivables [Abstract]
Gross allowance for loan and lease losses	$ 285,368		$ 355,773
Recovery asset value	(56,459)		(45,386)
Allowance for loan and lease losses	$ 228,909	$ 259,150	$ 310,387	$ 355,163	$ 348,857	$ 327,852

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	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans and leases held for investment	$ 4,228,391		$ 4,850,302
Allowance for loan and lease losses	$ 228,909	$ 259,150	$ 310,387	$ 355,163	$ 348,857	$ 327,852
Allowance ratio	5.40%		6.40%
Gross allowance for loan and lease losses	$ 285,368		$ 355,773
Gross allowance ratio	6.70%		7.30%
Consumer
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans and leases held for investment	$ 3,567,082		$ 4,159,919
Allowance for loan and lease losses	$ 210,729	246,280	$ 298,061	341,161	333,546	312,489
Allowance ratio	5.90%		7.20%
Gross allowance for loan and lease losses	$ 267,188		$ 343,447
Gross allowance ratio	7.50%		8.30%
Commercial
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans and leases held for investment	$ 661,309		$ 690,383
Allowance for loan and lease losses	$ 18,180	$ 12,870	$ 12,326	$ 14,002	$ 15,311	$ 15,363
Allowance ratio	2.70%		1.80%
Gross allowance for loan and lease losses	$ 18,180		$ 12,326
Gross allowance ratio	2.70%		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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Allowance for loan and lease losses, beginning of period	$ 259,150	$ 348,857	$ 310,387	$ 327,852
Credit loss expense (benefit) for loans and leases held for investment	36,577	66,190	65,823	137,040
Charge-offs	(78,088)	(64,269)	(168,430)	(116,832)
Recoveries	11,270	4,385	21,129	7,103
Allowance for loan and lease losses, end of period	228,909	355,163	228,909	355,163
Unfunded Loan Commitment
Off-Balance Sheet, Credit Loss, Liability [Roll Forward]
Reserve for unfunded lending commitments, beginning of period	1,662	1,612	1,873	1,878
Credit loss expense (benefit) for unfunded lending commitments	(207)	405	(418)	139
Reserve for unfunded lending commitments, end of period	1,455	2,017	1,455	2,017
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	91,500	108,900	91,500	108,900
Unfunded Loan Commitment, Unconditionally Cancellable
Off-Balance Sheet, Credit Loss, Liability [Roll Forward]
Reserve for unfunded lending commitments, end of period	8,300		8,300
Consumer
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Allowance for loan and lease losses, beginning of period	246,280	333,546	298,061	312,489
Credit loss expense (benefit) for loans and leases held for investment	30,760	66,874	58,446	137,558
Charge-offs	(77,494)	(63,345)	(166,604)	(115,557)
Recoveries	11,183	4,086	20,826	6,671
Allowance for loan and lease losses, end of period	210,729	341,161	210,729	341,161
Consumer | Unfunded Loan Commitment
Off-Balance Sheet, Credit Loss, Liability [Roll Forward]
Reserve for unfunded lending commitments, beginning of period	0	67	0	18
Credit loss expense (benefit) for unfunded lending commitments	0	(67)	0	(18)
Reserve for unfunded lending commitments, end of period	0	0	0	0
Commercial
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Allowance for loan and lease losses, beginning of period	12,870	15,311	12,326	15,363
Credit loss expense (benefit) for loans and leases held for investment	5,817	(684)	7,377	(518)
Charge-offs	(594)	(924)	(1,826)	(1,275)
Recoveries	87	299	303	432
Allowance for loan and lease losses, end of period	18,180	14,002	18,180	14,002
Commercial | Unfunded Loan Commitment
Off-Balance Sheet, Credit Loss, Liability [Roll Forward]
Reserve for unfunded lending commitments, beginning of period	1,662	1,545	1,873	1,860
Credit loss expense (benefit) for unfunded lending commitments	(207)	472	(418)	157
Reserve for unfunded lending commitments, end of period	$ 1,455	$ 2,017	$ 1,455	$ 2,017

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	6 Months Ended
	Jun. 30, 2024 USD ($)
Term Loans and Leases by Origination Year
Year 1	$ 284
Year 2	48,811
Year 3	87,183
Year 4	31,249
Year 5	0
Prior	903
Total	168,430
Consumer
Term Loans and Leases by Origination Year
Year 1	284
Year 2	48,390
Year 3	87,084
Year 4	30,846
Year 5	0
Prior	0
Total	166,604
Consumer | Unsecured personal
Term Loans and Leases by Origination Year
Year 1	284
Year 2	48,127
Year 3	86,555
Year 4	30,540
Year 5	0
Prior	0
Total	165,506
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	263
Year 3	529
Year 4	306
Year 5	0
Prior	0
Total	1,098
Commercial
Term Loans and Leases by Origination Year
Year 1	0
Year 2	421
Year 3	99
Year 4	403
Year 5	0
Prior	903
Total	1,826
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	99
Year 4	403
Year 5	0
Prior	903
Total	$ 1,826

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	Jun. 30, 2024	Dec. 31, 2023
Term Loans and Leases by Origination Year
Total	$ 4,228,391	$ 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)	(1,576)	8,881
Consumer Portfolio Segment, Excluding Cumulative Basis Adjustment for Portfolio Layer Method
Term Loans and Leases by Origination Year
Year 1	544,587	1,648,591
Year 2	1,266,052	1,885,009
Year 3	1,345,058	535,309
Year 4	333,156	29,960
Year 5	29,369	22,708
Prior	50,436	29,461
Total	3,568,658	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	499,374	1,522,462
Year 2	1,163,195	1,737,631
Year 3	1,220,004	457,856
Year 4	263,507	0
Year 5	0	0
Prior	0	0
Total	3,146,080	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	47,442	54,855
Year 4	53,460	29,960
Year 5	29,369	20,248
Prior	48,019	29,461
Total	178,290	183,050
Consumer Portfolio Segment, Excluding Cumulative Basis Adjustment for Portfolio Layer Method | Secured consumer
Term Loans and Leases by Origination Year
Year 1	45,213	126,076
Year 2	102,857	98,905
Year 3	77,612	22,598
Year 4	16,189	0
Year 5	0	2,460
Prior	2,417	0
Total	244,288	250,039
Commercial
Term Loans and Leases by Origination Year
Year 1	27,040	92,648
Year 2	101,506	220,696
Year 3	201,411	118,301
Year 4	93,951	68,608
Year 5	61,205	74,370
Prior	176,196	115,760
Total	661,309	690,383
Commercial | Loans guaranteed by the Small Business Association
Term Loans and Leases by Origination Year
Total	168,976	167,982
Commercial | Equipment finance
Term Loans and Leases by Origination Year
Year 1	0	2,945
Year 2	2,238	48,665
Year 3	39,668	28,273
Year 4	18,085	14,075
Year 5	11,158	10,746
Prior	12,621	6,288
Total	83,770	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	2,238	33,430
Year 3	37,916	26,311
Year 4	16,691	7,754
Year 5	11,158	9,411
Prior	12,621	6,288
Total	80,624	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	413	1,962
Year 4	783	5,873
Year 5	0	1,335
Prior	0	0
Total	1,196	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	1,339	0
Year 4	611	448
Year 5	0	0
Prior	0	0
Total	1,950	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	13,288	49,067
Year 2	56,543	97,845
Year 3	95,520	43,766
Year 4	34,883	43,058
Year 5	40,934	52,160
Prior	140,705	94,426
Total	381,873	380,322
Commercial | Commercial real estate | Loans guaranteed by the Small Business Association
Term Loans and Leases by Origination Year
Total	43,762	44,319
Commercial | Commercial real estate | Pass
Term Loans and Leases by Origination Year
Year 1	13,288	49,067
Year 2	56,543	94,247
Year 3	90,377	34,535
Year 4	24,878	43,058
Year 5	31,182	52,160
Prior	121,961	78,062
Total	338,229	351,129
Commercial | Commercial real estate | Pass | Loans guaranteed by the Small Business Association
Term Loans and Leases by Origination Year
Total	30,413	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	1,996	0
Year 4	0	0
Year 5	562	0
Prior	5,009	13,706
Total	7,567	13,706
Commercial | Commercial real estate | Special mention | Loans guaranteed by the Small Business Association
Term Loans and Leases by Origination Year
Total	2,122	0
Commercial | Commercial real estate | Substandard
Term Loans and Leases by Origination Year
Year 1	0	0
Year 2	0	3,598
Year 3	444	7,716
Year 4	8,490	0
Year 5	9,190	0
Prior	13,247	2,139
Total	31,371	13,453
Commercial | Commercial real estate | Substandard | Loans guaranteed by the Small Business Association
Term Loans and Leases by Origination Year
Total	7,247	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	488	519
Total	4,706	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	13,752	40,636
Year 2	42,725	74,186
Year 3	66,223	46,262
Year 4	40,983	11,475
Year 5	9,113	11,464
Prior	22,870	15,046
Total	195,666	199,069
Commercial | Commercial and industrial | Loans guaranteed by the Small Business Association
Term Loans and Leases by Origination Year
Total	125,214	123,663
Commercial | Commercial and industrial | Pass
Term Loans and Leases by Origination Year
Year 1	13,752	40,636
Year 2	39,318	60,352
Year 3	47,418	39,304
Year 4	33,457	9,525
Year 5	7,900	10,282
Prior	19,283	11,626
Total	161,128	171,725
Commercial | Commercial and industrial | Pass | Loans guaranteed by the Small Business Association
Term Loans and Leases by Origination Year
Total	100,789	104,928
Commercial | Commercial and industrial | Special mention
Term Loans and Leases by Origination Year
Year 1	0	0
Year 2	3,407	10,881
Year 3	1,295	1,532
Year 4	0	729
Year 5	0	137
Prior	135	444
Total	4,837	13,723
Commercial | Commercial and industrial | Special mention | Loans guaranteed by the Small Business Association
Term Loans and Leases by Origination Year
Total	3,632	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	12,789	5,426
Year 4	2,392	673
Year 5	709	1,045
Prior	1,918	1,434
Total	17,808	10,882
Commercial | Commercial and industrial | Substandard | Loans guaranteed by the Small Business Association
Term Loans and Leases by Origination Year
Total	9,811	6,908
Commercial | Commercial and industrial | Doubtful
Term Loans and Leases by Origination Year
Year 1	0	0
Year 2	0	649
Year 3	3,279	0
Year 4	1,559	548
Year 5	504	0
Prior	285	286
Total	5,627	1,483
Commercial | Commercial and industrial | Doubtful | Loans guaranteed by the Small Business Association
Term Loans and Leases by Origination Year
Total	4,703	1,214
Commercial | Commercial and industrial | Loss
Term Loans and Leases by Origination Year
Year 1	0	0
Year 2	0	0
Year 3	1,442	0
Year 4	3,575	0
Year 5	0	0
Prior	1,249	1,256
Total	6,266	1,256
Commercial | Commercial and industrial | Loss | Loans guaranteed by the Small Business Association
Term Loans and Leases by Origination Year
Total	6,279	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	497,390	1,498,737
Year 2	1,138,471	1,688,512
Year 3	1,185,700	438,296
Year 4	252,988	0
Year 5	0	0
Prior	0	0
Total	3,074,549	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	47,442	54,855
Year 4	53,460	29,960
Year 5	29,369	18,917
Prior	47,872	29,041
Total	178,143	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	45,213	125,618
Year 2	102,201	97,084
Year 3	75,981	21,949
Year 4	15,771	0
Year 5	0	2,460
Prior	2,417	0
Total	241,583	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	1,156	9,034
Year 2	8,634	17,017
Year 3	11,549	6,665
Year 4	3,498	0
Year 5	0	0
Prior	0	0
Total	24,837	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	0	0
Year 5	0	1,331
Prior	0	420
Total	0	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	439	1,295
Year 3	1,107	417
Year 4	279	0
Year 5	0	0
Prior	0	0
Total	1,825	2,076
30-59 days past due | Commercial
Term Loans and Leases by Origination Year
Total	16,155	13,526
30-59 days past due | Commercial | Equipment finance
Term Loans and Leases by Origination Year
Total	18	1,265
30-59 days past due | Commercial | Commercial real estate
Term Loans and Leases by Origination Year
Total	7,422	0
30-59 days past due | Commercial | Commercial and industrial
Term Loans and Leases by Origination Year
Total	8,715	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	506	7,767
Year 2	7,481	15,538
Year 3	11,675	6,251
Year 4	3,207	0
Year 5	0	0
Prior	0	0
Total	22,869	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	147	0
Total	147	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	142	373
Year 3	395	168
Year 4	85	0
Year 5	0	0
Prior	0	0
Total	622	635
60-89 days past due | Commercial
Term Loans and Leases by Origination Year
Total	1,158	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	384	3,566
60-89 days past due | Commercial | Commercial and industrial
Term Loans and Leases by Origination Year
Total	774	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	322	6,924
Year 2	8,609	16,564
Year 3	11,080	6,644
Year 4	3,814	0
Year 5	0	0
Prior	0	0
Total	23,825	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	0	0
Total	0	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	75	153
Year 3	129	64
Year 4	54	0
Year 5	0	0
Prior	0	0
Total	258	217
90 or more days past due | Commercial
Term Loans and Leases by Origination Year
Total	14,446	3,133
90 or more days past due | Commercial | Equipment finance
Term Loans and Leases by Origination Year
Total	8	0
90 or more days past due | Commercial | Commercial real estate
Term Loans and Leases by Origination Year
Total	8,569	1,618
90 or more days past due | Commercial | Commercial and industrial
Term Loans and Leases by Origination Year
Total	5,869	1,515
Total Days Past Due | Commercial
Term Loans and Leases by Origination Year
Total	31,759	21,857
Total Days Past Due | Commercial | Loans guaranteed by the Small Business Association
Term Loans and Leases by Origination Year
Total	23,630	15,307
Total Days Past Due | Commercial | Equipment finance
Term Loans and Leases by Origination Year
Total	26	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	16,375	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	10,894	4,047
Total Days Past Due | Commercial | Commercial and industrial
Term Loans and Leases by Origination Year
Total	15,358	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	$ 12,736	$ 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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Financing Receivable, Modified [Line Items]
Total loan modifications – unsecured personal loans	$ 18,857	$ 7,607	$ 31,801	$ 8,270
% of unsecured personal loans at amortized cost as of period end	0.60%	0.20%	1%	0.20%
Short-term payment reduction
Financing Receivable, Modified [Line Items]
Total loan modifications – unsecured personal loans	$ 10,926	$ 206	$ 22,445	$ 367
Permanent loan modification
Financing Receivable, Modified [Line Items]
Total loan modifications – unsecured personal loans	1,778	897	3,092	1,287
Debt settlement
Financing Receivable, Modified [Line Items]
Total loan modifications – unsecured personal loans	$ 6,153	$ 6,504	$ 6,264	$ 6,616

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	Jun. 30, 2024	Jun. 30, 2023
Short-term payment reduction
Financing Receivable, Modified [Line Items]
Total loan modifications	$ 25,487	$ 367
Short-term payment reduction | Current
Financing Receivable, Modified [Line Items]
Total loan modifications	21,215	354
Short-term payment reduction | 30-59 days past due
Financing Receivable, Modified [Line Items]
Total loan modifications	1,850	9
Short-term payment reduction | 60-89 days past due
Financing Receivable, Modified [Line Items]
Total loan modifications	1,526	4
Short-term payment reduction | 90 or more days past due
Financing Receivable, Modified [Line Items]
Total loan modifications	896	0
Permanent loan modification
Financing Receivable, Modified [Line Items]
Total loan modifications	4,923	1,287
Permanent loan modification | Current
Financing Receivable, Modified [Line Items]
Total loan modifications	4,317	1,221
Permanent loan modification | 30-59 days past due
Financing Receivable, Modified [Line Items]
Total loan modifications	177	36
Permanent loan modification | 60-89 days past due
Financing Receivable, Modified [Line Items]
Total loan modifications	281	30
Permanent loan modification | 90 or more days past due
Financing Receivable, Modified [Line Items]
Total loan modifications	148	0
Debt settlement
Financing Receivable, Modified [Line Items]
Total loan modifications	6,422	6,616
Debt settlement | Current
Financing Receivable, Modified [Line Items]
Total loan modifications	161	10
Debt settlement | 30-59 days past due
Financing Receivable, Modified [Line Items]
Total loan modifications	23	11
Debt settlement | 60-89 days past due
Financing Receivable, Modified [Line Items]
Total loan modifications	616	1,829
Debt settlement | 90 or more days past due
Financing Receivable, Modified [Line Items]
Total loan modifications	$ 5,622	$ 4,766

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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Financing Receivable, Modified [Line Items]
Total loan modifications – unsecured personal loans	$ 22,053	$ 12,821	$ 44,460	$ 18,555
Short-term payment reduction
Financing Receivable, Modified [Line Items]
Total loan modifications – unsecured personal loans	1,367	14	1,560	14
Permanent loan modification
Financing Receivable, Modified [Line Items]
Total loan modifications – unsecured personal loans	489	51	928	78
Debt settlement
Financing Receivable, Modified [Line Items]
Total loan modifications – unsecured personal loans	$ 20,197	$ 12,756	$ 41,972	$ 18,463

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	Jun. 30, 2024	Dec. 31, 2023
Financing Receivable, Past Due [Line Items]
Nonaccrual	$ 65,146	$ 44,382
Nonaccrual with no related ACL	$ 14,121	$ 4,089
Nonaccrual Ratios	1.50%	0.90%
Consumer
Financing Receivable, Past Due [Line Items]
Nonaccrual	$ 24,387	$ 30,661
Nonaccrual with no related ACL	$ 305	$ 312
Nonaccrual Ratios	0.70%	0.70%
Consumer | Unsecured personal
Financing Receivable, Past Due [Line Items]
Nonaccrual	$ 23,825	$ 30,132
Nonaccrual with no related ACL	0	0
Consumer | Residential mortgages
Financing Receivable, Past Due [Line Items]
Nonaccrual	305	312
Nonaccrual with no related ACL	305	312
Consumer | Secured consumer
Financing Receivable, Past Due [Line Items]
Nonaccrual	257	217
Nonaccrual with no related ACL	0	0
Commercial
Financing Receivable, Past Due [Line Items]
Nonaccrual	40,759	13,721
Nonaccrual with no related ACL	$ 13,816	$ 3,777
Nonaccrual Ratios	6.20%	2%
Commercial | Loans guaranteed by the Small Business Association
Financing Receivable, Past Due [Line Items]
Nonaccrual	$ 24,500	$ 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	20,443	9,663
Nonaccrual with no related ACL	6,304	2,187
Commercial | Commercial and industrial
Financing Receivable, Past Due [Line Items]
Nonaccrual	20,316	4,058
Nonaccrual with no related ACL	$ 7,512	$ 1,590

Securitizations and Variable _3

Securitizations and Variable Interest Entities - Summary of Select Information Related to VIEs (Details) - USD ($) $ in Thousands		Jun. 30, 2024	Dec. 31, 2023
Assets
Restricted cash	[1]	$ 31,332	$ 41,644
Total securities available for sale		2,814,383	1,620,262
Loans held for investment at fair value		3,999,482	4,539,915
Other assets	[1]	430,586	455,453
Total assets		9,586,050	8,827,463
Liabilities:
Borrowings	[1],[2]	5,474	19,354
Other liabilities	[1]	197,303	222,801
Total liabilities		8,298,105	7,575,641
Total
Assets
Restricted cash		2,818	3,454
Total securities available for sale		2,447,660	1,249,796
Loans held for investment at fair value		155	970
Other assets		48,055	31,545
Total assets		2,498,688	1,285,765
Liabilities:
Borrowings		1,511	2,888
Other liabilities		5,407	3,305
Total liabilities		6,918	6,193
Total net assets (maximum loss exposure)		2,491,770	1,279,572
Consolidated
Assets
Restricted cash		2,818	3,454
Total securities available for sale		0	0
Loans held for investment at fair value		155	970
Other assets		7	14
Total assets		2,980	4,438
Liabilities:
Borrowings		1,511	2,888
Other liabilities		0	4
Total liabilities		1,511	2,892
Total net assets (maximum loss exposure)		1,469	1,546
Unconsolidated
Assets
Restricted cash		0	0
Total securities available for sale		2,447,660	1,249,796
Loans held for investment at fair value		0	0
Other assets		48,048	31,531
Total assets		2,495,708	1,281,327
Liabilities:
Borrowings		0	0
Other liabilities		5,407	3,301
Total liabilities		5,407	3,301
Total net assets (maximum loss exposure)		$ 2,490,301	$ 1,278,026
[1]Includes amounts in consolidated 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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Fair value of consideration received:
Gain on sales of loans			$ 21,657	$ 27,346
Unconsolidated
Fair value of consideration received:
Cash	$ 97,246	$ 18,051	190,890	18,051
Securities retained from Structured Program transactions	759,149	153,229	1,498,125	153,229
Other assets, net	9,906	2,299	19,639	2,299
Total consideration	866,301	173,579	1,708,654	173,579
Fair value of loans sold	(857,434)	(171,559)	(1,691,210)	(171,559)
Gain on sales of loans	8,867	2,020	17,444	2,020
Cash proceeds from continuing involvement:
Servicing and other administrative fees	5,982	862	10,705	1,876
Interest received on securities retained from Structured Program transactions	$ 37,390	$ 2,406	$ 67,053	$ 3,594

Securitizations and Variable _5

Securitizations and Variable Interest Entities - Narratives (Details) - Off-balance Sheet Loans - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Variable Interest Entity [Line Items]
Principal derecognized from loans securitized or sold	$ 2,800	$ 1,600
Off-balance sheet loans, principal amount outstanding, 31 days or more past due	$ 22.1	$ 9.5

Fair Value Measurements - Fair

Fair Value Measurements - Fair Value Hierarchy for Assets and Liabilities Measured at Fair Value (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Assets
Loans held for sale at fair value	$ 791,059	$ 407,773
Loans held for investment at fair value	339,222	272,678
Securities available for sale:
Total securities available for sale	2,814,383	1,620,262
Servicing assets	69,709	77,680
Other assets	5,841	3,525
Total assets	4,020,214	2,381,918
Liabilities:
Borrowings	5,474	12,956
Other liabilities	14,770	19,727
Total liabilities	20,244	32,683
Senior asset-backed securities related to Structured Program transactions
Securities available for sale:
Total securities available for sale	2,312,114	1,176,403
U.S. agency residential mortgage-backed securities
Securities available for sale:
Total securities available for sale	216,336	224,596
Other asset-backed securities related to Structured Program transactions
Securities available for sale:
Total securities available for sale	135,545	73,393
U.S. agency securities
Securities available for sale:
Total securities available for sale	79,067	80,104
Mortgage-backed securities
Securities available for sale:
Total securities available for sale	45,271	37,076
Other asset-backed securities
Securities available for sale:
Total securities available for sale	23,555	26,101
Municipal securities
Securities available for sale:
Total securities available for sale	2,495	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	366,724	370,466
Servicing assets	0	0
Other assets	5,841	3,525
Total assets	372,565	373,991
Liabilities:
Borrowings	0	0
Other liabilities	4,070	12,072
Total liabilities	4,070	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	216,336	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	79,067	80,104
Level 2 | Mortgage-backed securities
Securities available for sale:
Total securities available for sale	45,271	37,076
Level 2 | Other asset-backed securities
Securities available for sale:
Total securities available for sale	23,555	26,101
Level 2 | Municipal securities
Securities available for sale:
Total securities available for sale	2,495	2,589
Level 3
Assets
Loans held for sale at fair value	791,059	407,773
Loans held for investment at fair value	339,222	272,678
Securities available for sale:
Total securities available for sale	2,447,659	1,249,796
Servicing assets	69,709	77,680
Other assets	0	0
Total assets	3,647,649	2,007,927
Liabilities:
Borrowings	5,474	12,956
Other liabilities	10,700	7,655
Total liabilities	16,174	20,611
Level 3 | Senior asset-backed securities related to Structured Program transactions
Securities available for sale:
Total securities available for sale	2,312,114	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	135,545	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)	6 Months Ended	12 Months Ended
	Jun. 30, 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 | Senior 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	0.069	0.070
Discount rate | Maximum | Senior 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	0.071	0.070
Discount rate | Weighted- Average | Senior 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	0.070	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	0.069	0.081
Discount rate | Level 3 | Minimum | Loans Held For Sale
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	7.70%	8.10%
Discount rate | Level 3 | Minimum | Loans held for investment
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	6.30%	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	0.114	0.103
Discount rate | Level 3 | Maximum | Loans Held For Sale
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	12.30%	10.30%
Discount rate | Level 3 | Maximum | Loans held for investment
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	22.80%	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	0.087	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	8.90%	9%
Discount rate | Level 3 | Weighted- Average | Loans held for investment
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	12.40%	12.80%
Discount rate | Level 3 | Weighted- Average | Servicing Assets
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	10.90%	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	0.044	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	2.10%	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	2.10%	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	0.060	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	21.60%	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	20.80%	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	23.50%	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	0.053	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	6.20%	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	7%	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	8.10%	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	0.174	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%	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	16.10%	18.60%
Annualized prepayment rate | Level 3 | Minimum | Servicing Assets
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	15.20%	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	0.197	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	21.40%	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	24.90%	27.70%
Annualized prepayment rate | Level 3 | Maximum | Servicing Assets
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	24.80%	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	0.188	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	18.70%	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	20.40%	22.60%
Annualized prepayment rate | Level 3 | Weighted- Average | Servicing Assets
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	19.20%	20.30%

Fair Value Measurements - Sensi

Fair Value Measurements - Sensitivity of Fair Value of Loans Held for Sale (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for sale at fair value	$ 791,059	$ 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	791,059	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	791,059	407,773
Discount rates, impact of 100 basis point increase	(10,237)	(5,093)
Discount rates, impact of 200 basis point increase	(19,908)	(10,051)
Expected credit loss rates on underlying loans, 10% adverse change	(9,363)	(5,102)
Expected credit loss rates on underlying loans, 20% adverse change	(18,694)	(10,184)
Expected prepayment rates, 10% adverse change	(1,596)	(851)
Expected prepayment rates, 20% adverse change	$ (3,111)	$ (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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value of loans held for investment	$ 791,059		$ 791,059		$ 407,773
Fair value of loans held for investment	339,222		339,222		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	4,124,236		4,124,236		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 gain (loss)	(282)	$ 0	(324)	$ 0
Senior asset-backed securities related to Structured Program transactions
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning	1,765,259	0	1,176,403	0
Originations and purchases, and additions	716,299	144,680	1,413,646	144,680
Principal payments and cash received	(171,793)	(1,290)	(278,267)	(1,290)
Change in unrealized gain (loss)	2,349	(605)	332	(605)
Ending	2,312,114	142,785	2,312,114	142,785
Other asset-backed securities related to Structured Program transactions
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning	103,866	10,397	73,393	12,469
Originations and purchases, and additions	43,887	8,667	86,625	8,780
Principal payments and cash received	(12,735)	(2,084)	(22,066)	(4,269)
Fair value adjustments recorded in earnings	809	0	(2,083)	0
Ending	135,545	16,980	135,545	16,980
Loans Held For Sale
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning	550,415	44,647	407,773	110,400
Originations and purchases, and additions	1,397,930	1,272,118	2,680,180	2,477,147
Sales	(1,042,166)	(1,238,252)	(2,101,814)	(2,485,498)
Principal payments and cash received	(63,605)	(5,135)	(97,877)	(11,600)
Transfers	0	191,807	0	191,807
Fair value adjustments recorded in earnings	(47,310)	(12,717)	(88,767)	(24,175)
Realized charge-offs, net of recoveries, recorded in earnings	(4,205)	(2,107)	(8,436)	(7,720)
Ending	791,059	250,361	791,059	250,361
Aggregate unpaid principal balance	829,090		829,090		431,955
Cumulative fair value adjustments	(38,031)		(38,031)		(24,182)
Fair value of loans held for investment	791,059		791,059		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	791,059		791,059		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	1,521		1,521		1,395
Cumulative fair value adjustments	(1,224)		(1,224)		(1,102)
Fair value of loans held for investment	297		297		293
Loans held for investment
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning	420,393	748,618	262,190	925,938
Originations and purchases, and additions	12,220	0	232,784	4,037
Principal payments and cash received	(96,004)	(156,287)	(159,930)	(342,738)
Transfers	0	(191,634)	0	(191,634)
Fair value adjustments recorded in earnings	(1,967)	3,422	(402)	8,516
Ending	334,642	$ 404,119	334,642	$ 404,119
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	334,642		334,642		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	362,823		362,823		281,031
Cumulative fair value adjustments	(28,181)		(28,181)		(18,841)
Fair value of loans held for investment	334,642		334,642		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	5,843		5,843		3,774
Cumulative fair value adjustments	(4,701)		(4,701)		(3,037)
Fair value of loans held for investment	$ 1,142		$ 1,142		$ 737

Fair Value Measurements - Sen_2

Fair Value Measurements - Sensitivity Analysis of Loans Held for Investment (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for investment at fair value	$ 339,222	$ 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	334,642	262,190
Discount rates, impact of 100 basis point increase	(2,548)	(1,957)
Discount rates, impact of 200 basis point increase	(5,062)	(3,888)
Expected credit loss rates on underlying loans, impact of 10% increase	(2,840)	(1,753)
Expected credit loss rates on underlying loans, impact of 20% increase	(6,063)	(3,595)
Expected prepayment rates, impact of 10% increase	(1,057)	(857)
Expected prepayment rates, impact of 20% increase	$ (2,131)	$ (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) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for investment at fair value	$ 339,222	$ 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	334,642	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	$ 4,600	$ 10,500

Fair Value Measurements - Sen_3

Fair Value Measurements - Sensitivity Analysis of Debt Securities Available-for-Sale (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Sensitivity Analysis of Debt Securities Available-for-Sale [Line Items]
Total securities available for sale	$ 2,814,383	$ 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	2,312,114	1,176,403
Discount rate:
100 basis point increase	(31,714)	(18,016)
200 basis point increase	$ (63,429)	$ (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 4 months 24 days	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	$ 135,545	$ 73,393
Discount rate:
100 basis point increase	(1,685)	(927)
200 basis point increase	(3,302)	(1,836)
Annualized net charge-off rate
10% increase	(1,405)	(882)
20% increase	(2,817)	(1,771)
Annualized prepayment rate
10% increase	(241)	(203)
20% increase	$ (476)	$ (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	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Servicing assets	$ 69,709		$ 77,680
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Servicing assets	69,709		77,680
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Servicing assets	69,709	$ 71,830	77,680	$ 85,387	$ 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	$ 69,709		$ 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	$ (618)		$ (675)
Discount rates, impact of 200 basis point increase	(1,236)		(1,349)
Expected credit loss on rates on underlying loans, 10% adverse change	(679)		(878)
Expected credit loss on rates on underlying loans, 20% adverse change	(1,357)		(1,756)
Expected prepayment rates, 10% adverse change	(1,386)		(1,550)
Expected prepayment rates, 20% adverse change	$ (2,772)		$ (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	6 Months Ended	12 Months Ended
	Jun. 30, 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%	$ (7,956)	$ (8,719)
Servicing rate decrease by .1%	$ 7,956	$ 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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Servicing Assets, Changes in fair value due to:
Fair value at beginning of period			$ 77,680
Fair value at end of period	$ 69,709		69,709
Fair Value, Measurements, Recurring
Servicing Assets, Changes in fair value due to:
Fair value at beginning of period	71,830	$ 89,241	77,680	$ 84,308
Issuances	13,759	13,576	27,337	27,701
Change in fair value, included in Marketplace revenue	(15,868)	(17,074)	(35,296)	(29,650)
Other net changes	(12)	(356)	(12)	3,028
Fair value at end of period	$ 69,709	$ 85,387	$ 69,709	$ 85,387

Fair Value Measurements - Not M

Fair Value Measurements - Not Measured at Fair Value (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Assets
Loans and leases held for investment, net	$ 339,222	$ 272,678
Other assets	5,841	3,525
Total assets	4,020,214	2,381,918
Liabilities:
Borrowings	5,474	12,956
Other liabilities	14,770	19,727
Total liabilities	20,244	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	5,841	3,525
Total assets	372,565	373,991
Liabilities:
Borrowings	0	0
Other liabilities	4,070	12,072
Total liabilities	4,070	12,072
Level 3
Assets
Loans and leases held for investment, net	339,222	272,678
Other assets	0	0
Total assets	3,647,649	2,007,927
Liabilities:
Borrowings	5,474	12,956
Other liabilities	10,700	7,655
Total liabilities	16,174	20,611
Carrying Amount
Assets
Loans and leases held for investment, net	3,999,482	4,539,915
Other assets	39,329	37,605
Total assets	4,038,811	4,577,520
Liabilities:
Deposits	1,792,943	1,714,889
Borrowings		6,398
Other liabilities	48,123	59,015
Total liabilities	1,841,066	1,780,302
Balance at Fair Value
Assets
Loans and leases held for investment, net	4,124,236	4,675,354
Other assets	39,709	37,901
Total assets	4,163,945	4,713,255
Liabilities:
Deposits	1,791,688	1,714,203
Borrowings		6,398
Other liabilities	48,123	59,015
Total liabilities	1,839,811	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
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	38,886	36,884
Total assets	38,886	36,884
Liabilities:
Deposits	0	0
Borrowings		0
Other liabilities	27,609	36,823
Total liabilities	27,609	36,823
Balance at Fair Value | Level 3
Assets
Loans and leases held for investment, net	4,124,236	4,675,354
Other assets	823	1,017
Total assets	4,125,059	4,676,371
Liabilities:
Deposits	1,791,688	1,714,203
Borrowings		6,398
Other liabilities	20,514	22,192
Total liabilities	$ 1,812,202	$ 1,742,793

Derivative Instruments and He_3

Derivative Instruments and Hedging Activities - Schedule of Notional and Gross Fair Value Amounts of Derivatives (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional	$ 210,763	$ 7,307
Derivative Liability	(9,814)	(6,372)
Derivative Asset	$ 403
Maximum term of credit risk derivatives	18 months
Credit Derivatives
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional	$ 10,763	7,307
Derivative Liability	(9,814)	(6,372)
Derivative Asset	0
Interest rate caps
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional	200,000	0
Derivative Liability	0	$ 0
Derivative Asset	$ 403

Derivative Instruments and He_4

Derivative Instruments and Hedging Activities - Schedule of Gains (Losses) Recognized on Derivatives (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total losses	$ (2,071)	$ (945)	$ (3,505)	$ (945)
Credit Derivatives
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total losses	(2,008)	(945)	(3,442)	(945)
Interest rate caps
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total losses	$ (63)	$ 0	$ (63)	$ 0

Derivative Instruments and He_5

Derivative Instruments and Hedging Activities - Narratives (Details) - Interest Rate Swap	6 Months Ended
	Jun. 30, 2024
Minimum
Credit Derivatives [Line Items]
Term of contract	1 year
Maximum
Credit Derivatives [Line Items]
Term of contract	3 years

Derivative Instruments and He_6

Derivative Instruments and Hedging Activities - Schedule of Notional and Gross Fair Value Amounts of Derivatives used for Hedging (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional	$ 210,763	$ 7,307
Derivative Liability	(9,814)	(6,372)
Interest Rate Swap | Fair Value Hedging | Designated as Hedging Instrument
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional	1,300,000	1,500,000
Derivative Liability	$ 1,368	$ (8,547)

Derivative Instruments and He_7

Derivative Instruments and Hedging Activities - Schedule of Gains (Losses) on Fair Value Hedges (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2024
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedged item	$ (1,785)	$ (10,457)
Fair Value Hedging | Designated as Hedging Instrument
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivatives used for hedging	1,563	9,915
Interest settlement on derivative	1,396	2,769
Fair Value Hedging | Designated as Hedging Instrument | Interest Rate Swap
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total gains on fair value hedges	$ 1,174	$ 2,227

Derivative Instruments and He_8

Derivative Instruments and Hedging Activities - Schedule of Fair Value Hedges (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedged layer of loans with a carrying amount	$ 1,300,000	$ 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	2,156,120	3,109,854
Cumulative Fair Value Adjustment to Hedged Item	$ (1,576)	$ 8,881

Property, Equipment and Softw_3

Property, Equipment and Software, Net - Summary of Property, Equipment and Software (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Software	$ 230,752	$ 209,260
Leasehold improvements	30,699	30,764
Computer equipment	21,655	21,654
Furniture and fixtures	5,554	5,845
Total property, equipment and software	288,660	267,523
Accumulated depreciation and amortization	(122,510)	(106,006)
Total property, equipment and software, net	166,150	161,517
Internal-use software
Property, Plant and Equipment [Line Items]
Total property, equipment and software	67,900	66,900
Purchased software
Property, Plant and Equipment [Line Items]
Total property, equipment and software	$ 4,700	$ 4,600

Property, Equipment and Softw_4

Property, Equipment and Software, Net - Narratives (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Property, Plant and Equipment [Line Items]
Depreciation and amortization expense			$ 25,745	$ 23,992
Property, Equipment and Software
Property, Plant and Equipment [Line Items]
Depreciation and amortization expense	$ 12,200	$ 10,600	$ 23,900	$ 21,800

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Narratives (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Goodwill	$ 75,717,000		$ 75,717,000		$ 75,717,000
Goodwill impairment	0	$ 0	0	$ 0
Amortization expense	900,000	1,000,000	1,800,000	2,200,000
Impairment of intangible assets	$ 0	$ 0	$ 0	$ 0
Customer Relationships | Minimum
Finite-Lived Intangible Assets [Line Items]
Intangible assets, amortized period	10 years		10 years
Customer Relationships | Maximum
Finite-Lived Intangible Assets [Line Items]
Intangible assets, amortized period	14 years		14 years

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Net carrying value	$ 10,293
Customer Relationships
Finite-Lived Intangible Assets [Line Items]
Gross carrying value	54,500	$ 54,500
Accumulated amortization	(44,207)	(42,365)
Net carrying value	$ 10,293	$ 12,135

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Schedule of Expected Future Amortization Expense for Intangible Assets (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2024	$ 1,707
2025	2,901
2026	2,252
2027	1,603
2028	945
Thereafter	885
Net carrying value	$ 10,293

Other Assets - Schedule of Othe

Other Assets - Schedule of Other Assets (Details) - USD ($) $ in Thousands		Jun. 30, 2024	Dec. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Deferred tax assets, net		$ 145,220	$ 151,411
Servicing assets		70,152	78,401
Nonmarketable equity investments		44,161	42,891
Accrued interest receivable		39,493	35,793
Operating lease assets		23,027	26,611
Intangible assets, net		10,293	12,135
Other		98,240	108,211
Total other assets	[1]	430,586	455,453
Principal balance of underlying loan servicing rights		$ 8,400,000	$ 9,500,000
[1]Includes amounts in consolidated 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	Jun. 30, 2024	Dec. 31, 2023
Interest-bearing deposits:
Savings and money market accounts	$ 4,968,644	$ 4,349,239
Certificates of deposit	1,792,943	1,714,889
Checking accounts	998,045	937,552
Total	7,759,632	7,001,680
Noninterest-bearing deposits	335,696	331,806
Total deposits	$ 8,095,328	$ 7,333,486

Deposits - Maturity Schedule (D

Deposits - Maturity Schedule (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Other Liabilities Disclosure [Abstract]
2024	$ 1,234,149
2025	537,720
2026	4,637
2027	11,099
2028	2,021
Thereafter	3,317
Total certificates of deposit	$ 1,792,943	$ 1,714,889

Deposits - Certificates of Depo

Deposits - Certificates of Deposit exceeding FDIC limit (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Other Liabilities Disclosure [Abstract]
Three months or less	$ 50,894
Over 3 months through 6 months	96,095
Over 6 months through 12 months	55,258
Over 12 months	10,632
Total	$ 212,879

Borrowings - Available Borrowin

Borrowings - Available Borrowing Capacity and the Related Pledged Collateral (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Available Borrowing Capacity	$ 2,995,451	$ 3,477,838
Assets Pledged As Collateral
Debt Instrument [Line Items]
Pledged Collateral	3,634,963	4,346,052
FRB Discount Window | Assets Pledged As Collateral
Debt Instrument [Line Items]
Pledged Collateral	2,802,549	3,507,541
FHLB of Des Moines | Assets Pledged As Collateral
Debt Instrument [Line Items]
Pledged Collateral	832,414	838,511
FRB Discount Window
Debt Instrument [Line Items]
Available Borrowing Capacity	2,345,668	2,816,501
FHLB of Des Moines
Debt Instrument [Line Items]
Available Borrowing Capacity	$ 649,783	$ 661,337

Borrowings - Long-Term Debt (De

Borrowings - Long-Term Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Consolidated | Payables to Securitization Holders
Debt Instrument [Line Items]
Restricted cash	$ 2,800	$ 3,400
PPPLF
Debt Instrument [Line Items]
Interest rate	0.35%
Outstanding borrowings	$ 0	6,398
Retail notes and certificates
Debt Instrument [Line Items]
Outstanding borrowings	4,580	10,488
Payable on Structured Program borrowings
Debt Instrument [Line Items]
Outstanding borrowings	894	2,468
PPPLF
Debt Instrument [Line Items]
Pledged Collateral	0	6,392
Payable on Structured Program borrowings
Debt Instrument [Line Items]
Pledged Collateral	$ 2,755	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		Jun. 30, 2024	Dec. 31, 2023
Payables and Accruals [Abstract]
Accounts payable and accrued expenses		$ 60,896	$ 54,619
Operating lease liabilities		32,308	37,869
Payable to investors		27,609	36,823
Other		76,490	93,490
Total other liabilities	[1]	$ 197,303	$ 222,801
[1]Includes amounts in consolidated 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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Stock options
Stock-based compensation expense, gross	$ 11,315	$ 18,145	$ 24,914	$ 32,437
Less: Capitalized stock-based compensation expense	1,866	2,317	3,921	4,721
Stock-based compensation expense, net	9,449	15,828	20,993	27,716
RSUs
Stock options
Stock-based compensation expense, gross	11,573	16,383	23,555	29,973
PBRSUs
Stock options
Stock-based compensation expense, gross	$ (258)	$ 1,762	$ 1,359	$ 2,464

Employee Incentive Plans - RSU

Employee Incentive Plans - RSU and PBRSU Activity and Weighted Average Grant Date Fair Value table (Details)	6 Months Ended
	Jun. 30, 2024 $ / shares shares
RSUs
Number of Units
Unvested, beginning (shares) | shares	6,999,831
Granted (shares) | shares	3,837,787
Vested (shares) | shares	(2,435,039)
Forfeited/expired (shares) | shares	(874,797)
Unvested, ending (shares) | shares	7,527,782
Weighted- Average Grant Date Fair Value
Unvested, beginning ($ per share) | $ / shares	$ 9.42
Granted ($ per share) | $ / shares	8.53
Vested ($ per share) | $ / shares	10.17
Forfeited/expired ($ per share) | $ / shares	9.14
Unvested, ending ($ per share) | $ / shares	$ 8.76
PBRSUs
Number of Units
Unvested, beginning (shares) | shares	1,469,813
Granted (shares) | shares	462,060
Forfeited/expired (shares) | shares	(719,664)
Unvested, ending (shares) | shares	1,212,209
Weighted- Average Grant Date Fair Value
Unvested, beginning ($ per share) | $ / shares	$ 12.60
Granted ($ per share) | $ / shares	8.59
Forfeited/expired ($ per share) | $ / shares	16.64
Unvested, ending ($ per share) | $ / shares	$ 8.68

Employee Incentive Plans - Narr

Employee Incentive Plans - Narratives (Details) $ in Millions	6 Months Ended
	Jun. 30, 2024 USD ($) shares
RSUs
Stock options
Granted (shares) | shares	3,837,787
Equity instruments other than options, aggregate fair value	$ 32.8
Unrecognized compensation cost related to unvested awards	$ 60.5
Unrecognized compensation cost, period for recognition	1 year 10 months 24 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	$ 5.5
Unrecognized compensation cost, period for recognition	1 year 7 months 6 days
Performance period	3 years

Income Taxes - Narratives (Deta

Income Taxes - Narratives (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Income tax expense	$ 4,519	$ 4,686	$ 8,797	$ 8,822
Effective tax rate	23.30%	31.70%	24.50%	27.10%

Income Taxes - Deferred Tax Ass

Income Taxes - Deferred Tax Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Deferred tax assets, net of liabilities	$ 191,328	$ 197,519
Valuation allowance	(46,108)	(46,108)
Deferred tax assets, net of valuation allowance	$ 145,220	$ 151,411

Leases - Narratives (Details)

Leases - Narratives (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Lessee, Lease, Description [Line Items]
Sales-type lease, interest income	$ 1,400	$ 2,300	$ 3,100	$ 5,200
Lease renewal term	15 years		15 years
Security deposit	$ 400		$ 400
Letters of credit outstanding, amount	1,100		1,100
Occupancy
Lessee, Lease, Description [Line Items]
Operating lease costs	$ 2,700	$ 3,300	$ 5,200	$ 6,300
Minimum
Lessee, Lease, Description [Line Items]
Lease term	2 years		2 years
Maximum
Lessee, Lease, Description [Line Items]
Lease term	5 years		5 years

Leases - Components of Equipmen

Leases - Components of Equipment Finance Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Leases [Abstract]
Lease receivables	$ 68,006	$ 92,546
Unguaranteed residual asset values	23,204	28,913
Unearned income	(7,897)	(11,072)
Deferred fees	457	605
Total	$ 83,770	$ 110,992

Leases - Future Minimum Lease P

Leases - Future Minimum Lease Payments Receivable (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Leases [Abstract]
2024	$ 17,138
2025	24,919
2026	15,009
2027	7,603
2028	4,044
Thereafter	1,542
Total lease payments	70,255
Discount effect	(2,249)
Present value of future minimum lease payments	$ 68,006

Leases - Supplemental Balance S

Leases - Supplemental Balance Sheet Information (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Leases [Abstract]
Operating lease assets, balance sheet classification	Other assets	Other assets
Operating lease assets	$ 23,027	$ 26,611
Operating lease liabilities, balance sheet classification	Other liabilities	Other liabilities
Operating lease liabilities	$ 32,308	$ 37,869

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Leases [Abstract]
Leased assets obtained or adjusted in exchange for new, amended, and modified operating lease liabilities	$ 0	$ 0	$ 0	$ (4,664)

Leases - Future Operating Lease

Leases - Future Operating Lease Payments and Sublease Revenue (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Operating Lease Payments
2024	$ 6,441
2025	13,129
2026	7,228
2027	4,265
2028	3,922
Thereafter	909
Total lease payments	35,894
Discount effect	(3,586)
Present value of future minimum lease payments	$ 32,308	$ 37,869

Leases - Weighted-average Lease

Leases - Weighted-average Lease Term and Discount Rate (Details)	Jun. 30, 2024	Dec. 31, 2023
Leases [Abstract]
Weighted-average remaining lease term (in years)	3 years 3 months 25 days	3 years 8 months 19 days
Weighted-average discount rate	4.99%	5.04%

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023
Unfunded Loan Commitment, Commitments To Extend Credit
Loss Contingencies [Line Items]
Unfunded loan commitments	$ 91.5	$ 78.1	$ 108.9

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	Jun. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)
Parent
Amount
CET1 capital	$ 1,123	$ 1,090.2
Tier 1 capital	1,123	1,090.2
Total capital	1,203.2	1,169.2
Tier 1 leverage	1,123	1,090.2
Risk-weighted assets	6,274.8	6,104.5
Quarterly adjusted average assets	$ 9,252.6	$ 8,476.1
Ratio
CET1 capital	0.179	0.179
Tier 1 capital	0.179	0.179
Total capital	0.192	0.192
Tier 1 leverage	0.121	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	$ 964.2	$ 949.4
Tier 1 capital	964.2	949.4
Total capital	1,043.6	1,027.4
Tier 1 leverage	964.2	949.4
Risk-weighted assets	6,206.4	6,022.2
Quarterly adjusted average assets	$ 9,142.1	$ 8,337.4
Ratio
CET1 capital	0.155	0.158
Tier 1 capital	0.155	0.158
Total capital	0.168	0.171
Tier 1 leverage	0.105	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	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2023
Total net revenue | Customer concentration risk | One marketplace bank investor
Segment Reporting Information [Line Items]
Concentration risk, percentage	14%	14%

Segment Reporting - Statements

Segment Reporting - Statements of Operations (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Segment Reporting Information [Line Items]
Marketplace revenue	$ 56,353	$ 82,783	$ 112,244	$ 178,417
Other non-interest income	2,360	3,035	4,269	6,391
Total non-interest income	58,713	85,818	116,513	184,808
Interest income	219,634	214,486	426,985	416,899
Interest expense	(91,106)	(67,834)	(175,569)	(123,543)
Net interest income	128,528	146,652	251,416	293,356
Total net revenue	187,241	232,470	367,929	478,164
Provision for credit losses	(35,561)	(66,595)	(67,488)	(137,179)
Non-interest expense	(132,258)	(151,079)	(264,491)	(308,387)
Income before income tax expense	19,422	14,796	35,950	32,598
Income tax benefit (expense)	(4,519)	(4,686)	(8,797)	(8,822)
Net income	14,903	10,110	27,153	23,776
Capital expenditures	12,865	15,857	24,646	32,255
Depreciation and amortization	13,072	11,638	25,745	23,992
Operating Segments | LendingClub Bank
Segment Reporting Information [Line Items]
Marketplace revenue	39,533	62,006	78,048	134,694
Other non-interest income	12,387	21,743	26,082	40,904
Total non-interest income	51,920	83,749	104,130	175,598
Interest income	217,814	210,514	422,621	408,844
Interest expense	(90,888)	(66,546)	(175,011)	(120,442)
Net interest income	126,926	143,968	247,610	288,402
Total net revenue	178,846	227,717	351,740	464,000
Provision for credit losses	(35,561)	(66,611)	(67,488)	(137,195)
Non-interest expense	(126,857)	(142,563)	(253,353)	(290,946)
Income before income tax expense	16,428	18,543	30,899	35,859
Income tax benefit (expense)	(3,872)	(5,429)	(7,557)	(9,685)
Net income	12,556	13,114	23,342	26,174
Capital expenditures	12,865	15,857	24,646	32,255
Depreciation and amortization	10,896	7,073	21,062	13,967
Operating Segments | LendingClub Corporation (Parent only)
Segment Reporting Information [Line Items]
Marketplace revenue	10,946	7,772	20,774	20,880
Other non-interest income	1,903	2,431	3,849	4,984
Total non-interest income	12,849	10,203	24,623	25,864
Interest income	1,820	3,972	4,364	8,055
Interest expense	(218)	(1,288)	(558)	(3,101)
Net interest income	1,602	2,684	3,806	4,954
Total net revenue	14,451	12,887	28,429	30,818
Provision for credit losses	0	16	0	16
Non-interest expense	(11,457)	(16,650)	(23,378)	(34,095)
Income before income tax expense	2,994	(3,747)	5,051	(3,261)
Income tax benefit (expense)	(647)	743	(1,240)	863
Net income	2,347	(3,004)	3,811	(2,398)
Capital expenditures	0	0	0	0
Depreciation and amortization	2,176	4,565	4,683	10,025
Intercompany Eliminations
Segment Reporting Information [Line Items]
Marketplace revenue	5,874	13,005	13,422	22,843
Other non-interest income	(11,930)	(21,139)	(25,662)	(39,497)
Total non-interest income	(6,056)	(8,134)	(12,240)	(16,654)
Interest income	0	0	0	0
Interest expense	0	0	0	0
Net interest income	0	0	0	0
Total net revenue	(6,056)	(8,134)	(12,240)	(16,654)
Provision for credit losses	0	0	0	0
Non-interest expense	6,056	8,134	12,240	16,654
Income before income tax expense	0	0	0	0
Income tax benefit (expense)	0	0	0	0
Net income	0	0	0	0
Capital expenditures	0	0	0	0
Depreciation and amortization	$ 0	$ 0	$ 0	$ 0

Segment Reporting - Balance She

Segment Reporting - Balance Sheets (Details) - USD ($) $ in Thousands		Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022
Assets
Total cash and cash equivalents		$ 938,119		$ 1,252,504
Restricted cash	[1]	31,332		41,644
Total securities available for sale		2,814,383		1,620,262
Loans held for sale at fair value		791,059		407,773
Loans and leases held for investment, net		3,999,482		4,539,915
Loans held for investment at fair value	[1],[2]	339,222		272,678
Property, equipment and software, net		166,150		161,517
Investment in subsidiary		0		0
Goodwill		75,717		75,717
Other assets	[1]	430,586		455,453
Total assets		9,586,050		8,827,463
Liabilities and Equity
Total deposits		8,095,328		7,333,486
Borrowings	[1],[2]	5,474		19,354
Other liabilities	[1]	197,303		222,801
Liabilities		8,298,105		7,575,641
Total equity		1,287,945	$ 1,266,286	1,251,822	$ 1,205,523	$ 1,190,742	$ 1,164,294
Total liabilities and equity		9,586,050		8,827,463
Operating Segments | LendingClub Bank
Assets
Total cash and cash equivalents		917,693		1,230,206
Restricted cash		0		0
Total securities available for sale		2,814,383		1,617,309
Loans held for sale at fair value		791,059		407,773
Loans and leases held for investment, net		3,999,482		4,539,915
Loans held for investment at fair value		330,825		253,800
Property, equipment and software, net		153,772		144,439
Investment in subsidiary		0		0
Goodwill		75,717		75,717
Other assets		341,643		341,680
Total assets		9,424,574		8,610,839
Liabilities and Equity
Total deposits		8,215,812		7,426,445
Borrowings		0		6,398
Other liabilities		143,986		154,077
Liabilities		8,359,798		7,586,920
Total equity		1,064,776		1,023,919
Total liabilities and equity		9,424,574		8,610,839
Operating Segments | LendingClub Corporation (Parent only)
Assets
Total cash and cash equivalents		136,318		110,273
Restricted cash		35,924		46,628
Total securities available for sale		0		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		8,397		18,878
Property, equipment and software, net		12,378		17,078
Investment in subsidiary		839,334		816,703
Goodwill		0		0
Other assets		107,297		131,135
Total assets		1,139,648		1,143,648
Liabilities and Equity
Total deposits		0		0
Borrowings		5,474		12,956
Other liabilities		71,671		86,086
Liabilities		77,145		99,042
Total equity		1,062,503		1,044,606
Total liabilities and equity		1,139,648		1,143,648
Intercompany Eliminations
Assets
Total cash and cash equivalents		(115,892)		(87,975)
Restricted cash		(4,592)		(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		(839,334)		(816,703)
Goodwill		0		0
Other assets		(18,354)		(17,362)
Total assets		(978,172)		(927,024)
Liabilities and Equity
Total deposits		(120,484)		(92,959)
Borrowings		0		0
Other liabilities		(18,354)		(17,362)
Liabilities		(138,838)		(110,321)
Total equity		(839,334)		(816,703)
Total liabilities and equity		$ (978,172)		$ (927,024)
[1]Includes amounts in consolidated VIEs. See “ Notes to Condensed Consolidated Financial Statements – Note 6. Securitizations and Variable Interest Entities .”