On Deck Capital (ONDK) 10-Q 9 Aug 16 2016 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2016	Jul. 31, 2016
Document And Entity Information [Abstract]
Entity Registrant Name	On Deck Capital, Inc.
Entity Central Index Key	1,420,811
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Document Type	10-Q
Document Period End Date	Jun. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding (in shares)		70,923,349

Unaudited Condensed Consolidate

Unaudited Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Assets
Cash and cash equivalents	$ 78,063	$ 159,822
Restricted cash	39,816	38,463
Loans held for investment	804,398	552,742
Less: Allowance for loan losses	(73,849)	(53,311)
Loans held for investment, net	730,549	499,431
Loans held for sale	3,837	706
Property, equipment and software, net	30,428	26,187
Other assets	19,026	20,416
Total assets	901,719	745,025
Liabilities:
Accounts payable	3,876	2,701
Interest payable	1,129	757
Accrued expenses and other liabilities	32,364	33,560
Total liabilities	593,990	415,603
Commitments and contingencies
Stockholders’ equity (deficit):
Common stock—$0.005 par value, 1,000,000,000 shares authorized and 73,965,278 and 73,107,848 shares issued and 70,888,229 and 70,060,208 outstanding at June 30, 2016 and December 31, 2015, respectively	370	366
Treasury stock—at cost	(6,096)	(5,843)
Additional paid-in capital	467,223	457,003
Accumulated deficit	(158,816)	(128,341)
Accumulated other comprehensive loss	(265)	(372)
Total On Deck Capital, Inc. stockholders' equity	302,416	322,813
Noncontrolling interest	5,313	6,609
Total equity	307,729	329,422
Total liabilities and equity	901,719	745,025
Funding debt
Liabilities:
Debt	553,923	375,890
Corporate debt
Liabilities:
Debt	$ 2,698	$ 2,695

Unaudited Condensed Consolidat3

Unaudited Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Common stock, par value (USD per share)	$ 0.005	$ 0.005
Common stock, shares authorized (in shares)	1,000,000,000	1,000,000,000
Common stock, shares issued (in shares)	73,965,278	73,107,848
Common stock, shares outstanding (in shares)	70,888,229	70,060,208

Unaudited Condensed Consolidat4

Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Revenue:
Interest income	$ 63,886	$ 50,248	$ 117,365	$ 98,947
Gain on sales of loans	2,813	11,710	9,924	18,389
Other revenue	2,803	1,354	4,828	2,434
Gross revenue	69,502	63,312	132,117	119,770
Cost of revenue:
Provision for loan losses	32,271	15,526	57,708	38,626
Funding costs	8,374	4,771	14,096	9,816
Total cost of revenue	40,645	20,297	71,804	48,442
Net revenue	28,857	43,015	60,313	71,328
Operating expense:
Sales and marketing	16,757	14,981	33,305	27,656
Technology and analytics	13,757	10,206	27,844	18,794
Processing and servicing	4,865	3,015	9,080	5,717
General and administrative	12,149	9,991	21,858	19,576
Total operating expense	47,528	38,193	92,087	71,743
Income (loss) from operations	(18,671)	4,822	(31,774)	(415)
Other expense:
Interest expense	(37)	(74)	(75)	(180)
Total other expense	(37)	(74)	(75)	(180)
Income (loss) before provision for income taxes	(18,708)	4,748	(31,849)	(595)
Provision for income taxes	0	0	0	0
Net income (loss)	(18,708)	4,748	(31,849)	(595)
Less: net loss attributable to noncontrolling interest	813	232	1,381	232
Net income (loss) attributable to On Deck Capital, Inc. common stockholders	$ (17,895)	$ 4,980	$ (30,468)	$ (363)
Net income (loss) per share attributable to On Deck Capital, Inc. common stockholders:
Basic (USD per share)	$ (0.25)	$ 0.07	$ (0.43)	$ (0.01)
Diluted (USD per share)	$ (0.25)	$ 0.07	$ (0.43)	$ (0.01)
Weighted-average common shares outstanding:
Basic (in shares)	70,712,142	69,479,737	70,588,784	69,366,278
Diluted (in shares)	70,712,142	75,680,290	70,588,784	69,366,278
Comprehensive income (loss):
Net income (loss)	$ (18,708)	$ 4,748	$ (31,849)	$ (595)
Other comprehensive loss:
Foreign currency translation adjustment	(326)	61	192	61
Comprehensive income (loss):	(19,034)	4,809	(31,657)	(534)
Comprehensive loss attributable to noncontrolling interests	147	(29)	(85)	(29)
Less: net loss attributable to noncontrolling interest	813	232	1,381	232
Comprehensive income (loss) attributable to On Deck Capital, Inc. common stockholders	$ (18,074)	$ 5,012	$ (30,361)	$ (331)

Unaudited Condensed Consolidat5

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Cash flows from operating activities
Net loss	$ (31,849)	$ (595)
Adjustments to reconcile net loss to net cash provided by operating activities:
Provision for loan losses	57,708	38,626
Depreciation and amortization	4,435	2,943
Amortization of debt issuance costs	2,969	1,332
Stock-based compensation	7,662	4,358
Amortization of net deferred origination costs	16,008	18,317
Changes in servicing rights, at fair value	3,074	0
Gain on sales of loans	(9,924)	(18,389)
Unfunded loan commitment reserve	(625)	807
Gain on extinguishment of debt	(562)	(48)
Changes in operating assets and liabilities:
Other assets	18	(8,823)
Accounts payable	1,175	2,946
Interest payable	372	(156)
Accrued expenses and other liabilities	(229)	7,352
Originations of loans held for sale	(167,207)	(196,119)
Payments of net deferred origination costs of loans held for sale	(5,769)	(7,954)
Proceeds from sale of loans held for sale	170,043	204,025
Principal repayments of loans held for sale	5,014	1,664
Net cash provided by operating activities	52,313	50,286
Cash flows from investing activities
Change in restricted cash	(1,353)	1,179
Purchases of property, equipment and software	(5,494)	(3,896)
Capitalized internal-use software	(2,610)	(2,254)
Originations of term loans and lines of credit, excluding rollovers into new originations	(862,454)	(511,726)
Proceeds from sale of loans held for investment	41,375	58,901
Payments of net deferred origination costs	(21,033)	(17,332)
Principal repayments of term loans and lines of credit	547,305	411,628
Purchases of term loans	(6,672)	0
Other	(201)	0
Net cash used in investing activities	(311,137)	(63,500)
Cash flows from financing activities
Proceeds from exercise of stock options and warrants	104	187
Payments of initial public offering costs	0	(1,845)
Purchase of shares for treasury	(254)	(184)
Investments by noncontrolling interests	0	7,069
Issuance of common stock under employee stock purchase plan	1,487	0
Payments of debt issuance costs	(3,740)	(1,133)
Net cash provided by (used in) financing activities	176,897	(27,404)
Effect of exchange rate changes on cash and cash equivalents	168	(123)
Net decrease in cash and cash equivalents	(81,759)	(40,741)
Cash and cash equivalents at beginning of period	159,822	220,433
Cash and cash equivalents at end of period	78,063	179,692
Supplemental disclosure of other cash flow information
Cash paid for interest	9,447	8,087
Supplemental disclosures of non-cash investing and financing activities
Stock-based compensation included in capitalized internal-use software	647	360
Unpaid principal balance of term loans rolled into new originations	129,688	127,174
Funding debt
Cash flows from financing activities
Proceeds from the issuance of funding debt	491,742	110,728
Repayment of debt	(312,442)	(130,226)
Corporate debt
Cash flows from financing activities
Repayment of debt	$ 0	$ (12,000)

Organization and Summary of Sig

Organization and Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
Organization and Summary of Significant Accounting Policies	Organization and Summary of Significant Accounting Policies On Deck Capital, Inc.’s principal activity is providing financing to small businesses located throughout the United States as well as Canada and Australia, through term loans and lines of credit. We use technology and analytics to aggregate data about a business and then quickly and efficiently analyze the creditworthiness of the business using our proprietary credit-scoring model. We originate most of the loans in our portfolio and also purchase loans from issuing bank partners. We subsequently transfer most loans into one of our wholly-owned subsidiaries or sell them through OnDeck Marketplace ® . Basis of Presentation and Principles of Consolidation The accompanying unaudited condensed consolidated financial statements and footnotes have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") as contained in the Financial Accounting Standards Board (‘‘FASB’’) Accounting Standards Codification (“ASC”) for interim financial information. The results of operations for the periods presented are not necessarily indicative of the results for the full year or the results for any future periods. These unaudited condensed consolidated financial statements should be read in conjunction with our audited consolidated financial statements, including the related notes, and the other information contained in our Annual Report on Form 10-K for the year ended December 31, 2015. Certain reclassifications have been made to the prior period amounts to conform to the current period presentation. When used in these notes to unaudited condensed consolidated financial statements, the terms "we," "us," "our" or similar terms refers to On Deck Capital, Inc. and its consolidated subsidiaries. The unaudited condensed consolidated financial statements include the accounts of our wholly-owned subsidiaries and subsidiaries in which we have a controlling financial interest. All intercompany transactions and accounts have been eliminated in consolidation. Other than as described below in Recently Adopted Accounting Standards , during the six months ended June 30, 2016 , there were no material changes to our significant accounting policies as disclosed under Part II, Item 8 of our Annual Report on Form 10-K for the year ended December 31, 2015. Use of Estimates The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the reported amounts in the unaudited condensed consolidated financial statements and accompanying notes. Significant estimates include allowance for loan losses, valuation of warrants, stock-based compensation expense, fair value of servicing assets/liabilities and loans purchased, capitalized software development costs, the useful lives of long-lived assets and valuation allowance for deferred tax assets. We base our estimates on historical experience, current events and other factors we believe to be reasonable under the circumstances. These estimates and assumptions are inherently subjective in nature; actual results may differ from these estimates and assumptions. Purchases of Loans From time to time, we may purchase loans that we previously sold to third parties. We generally determine the price we are willing to pay for those loans through arms-length negotiations and by using a discounted cash flow model which contain certain unobservable inputs such as discount rate, renewal rate and default rate, with adjustments that management believes a market participant would consider. We may also obtain third-party valuations of pools of loans we are considering purchasing. Upon purchase, loans are recorded at their acquisition price which represents fair value. The amortized cost of the purchased loans, which includes unpaid principal balances and any related premiums or discounts, when applicable, are included in loans held for investment on the unaudited condensed consolidated balance sheets. Recently Adopted Accounting Standards In April 2015, the FASB issued Accounting Standards Update ("ASU") 2015-03, Interest—Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs . The ASU simplifies the presentation of debt issuance costs by requiring that unamortized debt issuance costs be presented as a reduction of the applicable liability rather than an asset. The guidance is effective beginning on January 1, 2016 and is required to be applied retrospectively. Accordingly, $4.2 million of deferred debt issuance costs on the consolidated balance sheet at December 31, 2015 have been reclassified to be presented as a reduction of the carrying value of the associated debt to conform with the current period presentation. Recent Accounting Pronouncements Not Yet Adopted In May 2014, the FASB issued ASU 2014-09, Revenue Recognition , which creates ASC 606, Revenue from Contracts with Customers , and supersedes ASC 605, Revenue Recognition . ASU 2014-09 requires revenue to be recognized in an amount that reflects the consideration to which the entity expects to be entitled in exchange for goods or services and also requires additional disclosure about the nature, amount, timing, and uncertainty of revenue and cash flows from customer contracts. The new guidance will be effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. Early adoption is permitted, but not before the original effective date of December 15, 2016. In March 2016, the FASB issued ASU 2016-08, Principal versus Agent Considerations , which makes amendments to the new revenue standard on assessing whether an entity is a principal or an agent in a revenue transaction and impacts whether an entity reports revenue on a gross or net basis. In April 2016, the FASB issued ASU 2016-10, Identifying Performance Obligations and Licensing , which makes amendments to the new revenue standard regarding the identification of performance obligations and accounting for the license of intellectual property. In May 2016, the FASB issued ASU 2016-12, Narrow-Scope Improvements and Practical Expedients , which makes amendments to the new revenue standard regarding assessing collectibility, presentation of sales taxes, noncash consideration and completed contracts and contract modifications at the time of transition to the new standard. The amendments have the same effective date and transition requirements as the new revenue recognition standard. We are currently assessing the impact that the adoption of this guidance will have on our consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, Leases , which creates ASC 842, Leases , and supersedes ASC 840, Leases . ASU 2016-02 requires lessees to recognize a right-of-use asset and lease liability for all leases with terms of more than 12 months. Recognition, measurement and presentation of expenses will depend on classification as a finance or operating lease. The new guidance will be effective for annual reporting periods beginning after December 15, 2018, including interim periods within that reporting period and is applied retrospectively. Early adoption is permitted. We are currently assessing the impact that the adoption of this guidance will have on our consolidated financial statements. In March 2016, the FASB issued ASU 2016-09, Improvements to Employee Share-Based Payment Accounting . ASU 2016-09 will simplify several aspects of accounting for share-based payment award transactions which include the income tax consequences, classification of awards as either equity or liabilities, classification on the statement of cash flows and forfeiture rate calculations. The new guidance will be effective for annual reporting periods beginning after December 15, 2016. Early adoption is permitted in any interim or annual period. We are currently assessing the impact that the adoption of this guidance will have on our consolidated financial statements. In June 2016, the FASB issued ASU 2016-13, Measurement of Credit Losses on Financial Instruments . ASU 2016-13 will change the impairment model and how entities measure credit losses for most financial assets. The standard requires entities to use the new expected credit loss impairment model which will replace the incurred loss model used today. The new guidance will be effective for annual reporting periods beginning after December 15, 2019. Early adoption is permitted, but not prior to December 15, 2018. We are currently assessing the impact that the adoption of this guidance will have on our consolidated financial statements.

Net Loss Per Common Share

Net Loss Per Common Share	6 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
Net Loss Per Common Share	Net Loss Per Common Share Basic and diluted net loss per common share is calculated as follows (in thousands, except share and per share data): Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 Numerator: Net income (loss) $ (18,708 ) $ 4,748 $ (31,849 ) $ (595 ) Less: net loss attributable to noncontrolling interest 813 232 1,381 232 Net income (loss) attributable to On Deck Capital, Inc. common stockholders $ (17,895 ) $ 4,980 $ (30,468 ) $ (363 ) Denominator: Weighted-average common shares outstanding: Basic 70,712,142 69,479,737 70,588,784 69,366,278 Weighted-average effect of dilutive securities: Stock options — 5,819,581 — — Restricted stock and RSU's — 40,032 — — Employee stock purchase program — 58,776 — — Warrants to purchase common stock — 282,164 — — Diluted weighted-average common shares outstanding 70,712,142 75,680,290 70,588,784 69,366,278 Net income (loss) attributable to On Deck Capital, Inc. common stockholders per common share: Basic $ (0.25 ) $ 0.07 $ (0.43 ) $ (0.01 ) Diluted $ (0.25 ) $ 0.07 $ (0.43 ) $ (0.01 ) Diluted loss per common share is the same as basic loss per common share for all loss periods presented because the effects of potentially dilutive items were anti-dilutive given our net losses in those periods. The following common share equivalent securities have been excluded from the calculation of weighted-average common shares outstanding because the effect is anti-dilutive for the periods presented: Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 Anti-Dilutive Common Share Equivalents Warrants to purchase common stock 22,000 22,000 22,000 309,792 Restricted stock units 3,356,202 351,737 3,356,202 555,666 Stock options 10,692,143 1,125,043 10,692,143 9,911,822 Total anti-dilutive common share equivalents 14,070,345 1,498,780 14,070,345 10,777,280 The weighted-average exercise price for warrants to purchase 2,228,496 shares of common stock was $10.70 as of June 30, 2016 . For the three months and six months ended June 30, 2016 and 2015 a warrant to purchase 2,206,496 shares of common stock was excluded from anti-dilutive common share equivalents as performance conditions had not been met.

Loans Held for Investment and A

Loans Held for Investment and Allowance for Loan Losses	6 Months Ended
	Jun. 30, 2016
Receivables [Abstract]
Loans Held for Investment and Allowance for Loan Losses	Loans Held for Investment and Allowance for Loan Losses Loans held for investment consisted of the following as of June 30, 2016 and December 31, 2015 (in thousands): June 30, 2016 December 31, 2015 Term loans $ 697,862 $ 482,596 Lines of credit 92,559 61,194 Total unpaid principal balance 790,421 543,790 Net deferred origination costs 13,977 8,952 Total loans held for investment $ 804,398 $ 552,742 On June 15, 2016, we paid $6.7 million to purchase term loans that we previously sold to a third party which are included in the unpaid principal balance of loans held for investment on the unaudited condensed consolidated balance sheets at June 30, 2016 . We include both loans we originate and loans funded by our issuing bank partners and later purchased by us as part of our originations. During the three months ended June 30, 2016 and 2015 , we purchased such loans in the amount of $130.2 million and $48.8 million , respectively. During the six months ended June 30, 2016 and 2015 , we purchased such loans in the amount of $233.7 million and $103.4 million , respectively. The activity in the allowance for loan losses for the three and six months ended June 30 , 2016 and 2015 consisted of the following (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 Balance at beginning of period $ 61,707 $ 56,795 $ 53,311 $ 49,804 Provision for loan losses 32,271 15,526 57,708 38,626 Loans charged off (21,625 ) (21,155 ) (40,143 ) (39,014 ) Recoveries of loans previously charged off 1,496 1,886 2,973 3,636 Allowance for loan losses at end of period $ 73,849 $ 53,052 $ 73,849 $ 53,052 When loans are charged-off, we may continue to attempt to recover amounts from the respective borrowers and guarantors or pursue our rights through formal legal action. Alternatively, we may sell such previously charged-off loans to a third-party debt collector. The proceeds from these sales are recorded as a component of the recoveries of loans previously charged off. For the three months ended June 30, 2016 and 2015 , previously charged-off loans sold accounted for $0.9 million and $1.3 million , respectively, of recoveries of loans previously charged off. For the six months ended June 30, 2016 and 2015 , previously charged-off loans sold accounted for $1.9 million and $2.8 million , respectively, of recoveries of loans previously charged off. As of June 30, 2016 and December 31, 2015 , our off-balance sheet credit exposure related to the undrawn line of credit balances was $127.6 million and $89.1 million , respectively. The related accrual for unfunded loan commitments was $3.6 million and $4.2 million as of June 30, 2016 and December 31, 2015 , respectively. Net adjustments to the accrual for unfunded loan commitments are included in general and administrative expenses. The following table contains information, on a combined basis, regarding the unpaid principal balance of loans we originated and the amortized cost of loans purchased from other than an issuing bank partner related to non-delinquent, paying delinquent and non-paying delinquent loans as of June 30, 2016 and December 31, 2015 (in thousands): June 30, 2016 December 31, 2015 Non-delinquent loans $ 727,664 $ 486,729 Delinquent: paying (accrual status) 29,506 28,192 Delinquent: non-paying (non-accrual status) 33,251 28,869 Total $ 790,421 $ 543,790 The portion of the allowance for loan losses attributable to non-delinquent loans was $42.1 million and $27.0 million , as of June 30, 2016 and December 31, 2015 , respectively, while the portion of the allowance for loan losses attributable to delinquent loans was $31.7 million and $26.3 million as of June 30, 2016 and December 31, 2015 , respectively. The following table contains information, on a combined basis, regarding the unpaid principal balance of loans we originated and the amortized cost of loans purchased from other than an issuing bank partner by delinquency status as of June 30, 2016 and December 31, 2015 (in thousands): June 30, 2016 December 31, 2015 By delinquency status: Non-delinquent loans $ 727,664 $ 486,729 1-14 calendar days past due 20,777 21,360 15-29 calendar days past due 11,141 8,703 30-59 calendar days past due 13,563 10,347 60-89 calendar days past due 9,197 7,443 90 + calendar days past due 8,079 9,208 Total unpaid principal balance $ 790,421 $ 543,790

Servicing Rights

Servicing Rights	6 Months Ended
	Jun. 30, 2016
Transfers and Servicing [Abstract]
Servicing Rights	Servicing Rights As of June 30, 2016 and December 31, 2015 , we serviced for others term loans with a remaining unpaid principal balance of $ 259.2 million and $345.9 million , respectively. During the three months ended June 30, 2016 and 2015 , we sold through OnDeck Marketplace loans with an unpaid principal balance of $77.2 million and $143.2 million , respectively and during the six months ended June 30, 2016 and 2015 , we sold loans with an unpaid principal balance of $197.3 million and $235.2 million , respectively. For the three months ended June 30, 2016 and 2015 , we earned $0.1 million , and $0.9 million of servicing revenue, respectively. For the six months ended June 30, 2016 and 2015 , we earned $0.5 million , and $1.4 million of servicing revenue, respectively. The following table summarizes the activity related to the fair value of our servicing assets for the three and six months ended June 30, 2016 : Three Months Ended June 30, 2016 Six Months Ended June 30, 2016 Fair value at the beginning of period $ 2,647 $ 3,489 Addition: Servicing resulting from transfers of financial assets 626 1,574 Changes in fair value: Changes in fair value (1) (1,284 ) (3,074 ) Fair value at the end of period (Level 3) $ 1,989 $ 1,989 ___________ (1) Represents changes due to collection of expected cash flows through June 30, 2016 , recognized through other income on the unaudited condensed consolidated statement of operations

Debt

Debt	6 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
Debt	Debt The following table summarizes our outstanding debt as of June 30, 2016 and December 31, 2015 (in thousands): Description Type Maturity Date Weighted Average Interest June 30, 2016 December 31, 2015 Funding Debt: ODAST Agreement (1) Securitization Facility May 2018 —% $ — $ 174,980 PORT Agreement Revolving June 2017 2.7% 78,289 59,415 RAOD Agreement Revolving May 2017 3.4% 99,985 47,465 ODART Agreement Revolving September 2017 3.2% 62,402 42,090 ODAC Agreement Revolving May 2017 9.7% 55,002 27,699 SBAF Agreement Revolving Various (2) 6.6% 7,625 12,783 ODAP Agreement Revolving August 2017 (3) 5.0% — 8,819 ODAST II Agreement Securitization Facility May 2020 (4) 4.7% 250,000 — Partner Synthetic Participations Term Various (5) Various 5,568 6,861 558,871 380,112 Deferred Debt Issuance Cost (4,948 ) (4,222 ) Total Funding Debt $ 553,923 $ 375,890 Corporate Debt: Square 1 Agreement Revolving October 2016 4.5% $ 2,700 $ 2,700 Deferred Debt Issuance Cost (2 ) (5 ) Total Corporate Debt $ 2,698 $ 2,695 ___________ (1) This debt facility was terminated in May 2016 (2) Maturity dates range from August 2016 through August 2017 (3) The period during which new borrowings may be made under this debt facility expires in August 2016 (4) The period during which remaining cash flow can be used to purchase additional loans expires April 30, 2018 (5) Maturity dates range from July 2016 through June 2018 On April 28, 2016, we amended the ODAC Agreement to increase the revolving commitment from an aggregate amount of $50 million to $75 million , increase the interest rate from LIBOR plus 8.25% to LIBOR plus 9.25% , increase in the borrowing base advance rate from 70% to 75% and make certain other related changes. On May 17, 2016, we, through a wholly-owned subsidiary, ODAST II, entered into a $250 million asset-backed securitization facility with Deutsche Bank Trust Company Americas, as indenture trustee. The notes under the facility were issued in two classes; Class A in the amount of $211.5 million and Class B in the amount of $38.5 million . The Class A and Class B notes bear interest at a fixed rate of 4.21% and 7.63% , respectively. Interest only payments began in June 2016 and are payable monthly through May 2018. Beginning June 2018, monthly payments will consist of both principal and interest with a final maturity of May 2020. Concurrent with the closing of the ODAST II securitization, we voluntarily prepaid in full $175 million of funding debt outstanding from our prior securitization transaction, ODAST. The remaining unamortized deferred issuance costs related to ODAST of $1.6 million were written-off and are included within Funding Costs on the unaudited condensed consolidated statement of operations for the three and six months ended June 30, 2016 . On June 17, 2016, we amended the ODART agreement to reintroduce Class B revolving loans from the Class B Revolving Lender resulting in additional funding capacity of $12.4 million , thereby increasing the total revolving commitment from $150 million to $162.4 million , establishing a Class B interest rate equal to LIBOR plus 8% , a borrowing base advance rate for the Class B revolving loans of 92% and make certain other changes.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 2016
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments Assets and Liabilities Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs (Level 3) We evaluate our financial assets and liabilities subject to fair value measurements on a recurring basis to determine the appropriate level at which to classify them for each reporting period. Due to the lack of transparency and quantity of transactions related to trades of servicing rights of comparable loans, we utilize an income valuation technique to estimate fair value. We utilize industry-standard modeling, such as discounted cash flow models, to arrive at an estimate of fair value and may utilize third-party service providers to assist in the valuation process. This determination requires significant judgments to be made. The following tables present information about our assets that are measured at fair value on a recurring basis as of June 30, 2016 and December 31, 2015 (in thousands): June 30, 2016 Description Level 1 Level 2 Level 3 Total Assets : Servicing assets $ — $ — $ 1,989 $ 1,989 Total assets $ — $ — $ 1,989 $ 1,989 December 31, 2015 Description Level 1 Level 2 Level 3 Total Assets : Servicing assets $ — $ — $ 3,489 $ 3,489 Total assets $ — $ — $ 3,489 $ 3,489 There were no transfers between levels during the six months ended June 30, 2016 or the year ended December 31, 2015 . The following tables present quantitative information about the significant unobservable inputs used for certain of our Level 3 fair value measurement as of June 30, 2016 and December 31, 2015 : June 30, 2016 Unobservable input Minimum Maximum Weighted-Average Servicing Assets Discount rate 30.00 % 30.00 % 30.00 % Cost of service (1) 0.08 % 0.13 % 0.10 % Renewal rate 42.50 % 57.78 % 50.80 % Default rate 10.35 % 10.87 % 10.63 % December 31, 2015 Unobservable input Minimum Maximum Weighted-Average Servicing Assets Discount rate 30.00 % 30.00 % 30.00 % Cost of service (1) 0.09 % 0.09 % 0.09 % Renewal rate 31.78 % 53.21 % 53.21 % Default rate 6.43 % 10.36 % 10.00 % (1) Estimated cost of servicing a loan as a percentage of unpaid principal balance Changes in certain of the unobservable inputs noted above may have a significant impact on the fair value of our servicing asset. The following table summarizes the effect adverse changes in estimate would have on the fair value of the servicing assets as of June 30, 2016 and December 31, 2015 given hypothetical changes in default rate and cost to service (in thousands): June 30, 2016 December 31, 2015 Servicing Assets Default rate assumption: Default rate increase of 25% $ (100 ) $ (145 ) Default rate increase of 50% $ (192 ) $ (282 ) Cost to service assumption: Cost to service increase by 25% $ (55 ) $ (79 ) Cost to service increase by 50% $ (110 ) $ (159 ) Assets and Liabilities Disclosed at Fair Value Because our loans held for investment, loans held for sale and fixed-rate debt are not measured at fair value, we are required to disclose their fair value in accordance with ASC 825. We utilize industry-standard modeling, such as discounted cash flow models, to arrive at an estimate of fair value and may utilize third-party service providers to assist in the valuation process. This determination requires significant judgments to be made. June 30, 2016 Description Carrying Value Fair Value Level 1 Level 2 Level 3 Assets : Loans held for investment $ 730,549 $ 793,219 $ — $ — $ 793,219 Loans held for sale 3,837 3,997 — — 3,997 Total assets $ 734,386 $ 797,216 $ — $ — $ 797,216 Description Liabilities: Fixed-rate debt $ 263,193 $ 252,561 $ — $ — $ 252,561 Total fixed-rate debt $ 263,193 $ 252,561 $ — $ — $ 252,561 December 31, 2015 Description Carrying Value Fair Value Level 1 Level 2 Level 3 Assets : Loans held for investment $ 499,431 $ 545,740 $ — $ — $ 545,740 Loans held for sale 706 763 — — 763 Total assets $ 500,137 $ 546,503 $ — $ — $ 546,503 Description Liabilities: Fixed-rate debt $ 194,624 $ 190,411 $ — $ — $ 190,411 Total fixed-rate debt $ 194,624 $ 190,411 $ — $ — $ 190,411 The following techniques and assumptions are used in estimating fair value: Loans held for investment and loans held for sale - Fair value is based on discounted cash flow models which contain certain unobservable inputs such as discount rate, renewal rate and default rate. Fixed-rate debt - Our ODAST Agreement, ODAST II Agreement, SBAF Agreement and Partner Synthetic Participations are considered fixed-rate debt. Fair value of our fixed-rate debt is based on a discounted cash flow model with the discount rate being an unobservable input. On May 17, 2016, we voluntarily prepaid in full all amounts due under the ODAST Agreement and simultaneously entered into the ODAST II Agreement.

Noncontrolling Interest

Noncontrolling Interest	6 Months Ended
	Jun. 30, 2016
Noncontrolling Interest [Abstract]
Noncontrolling Interest	Noncontrolling Interest The following table summarizes changes in equity, including the equity attributable to noncontrolling interests, for the six months ended June 30, 2016 and June 30, 2015 : Six Months Ended June 30, 2016 On Deck Capital, Inc.'s stockholders' equity Noncontrolling interest Total Balance as of January 1, 2016 $ 322,813 $ 6,609 $ 329,422 Net income (loss) (30,468 ) (1,381 ) (31,849 ) Stock-based compensation 7,416 — 7,416 Employee stock purchase plan 2,665 — 2,665 Cumulative translation adjustment 107 85 192 Other (117 ) — (117 ) Balance at June 30, 2016 302,416 5,313 307,729 Comprehensive loss: Net loss (30,468 ) (1,381 ) (31,849 ) Other comprehensive income (loss): Foreign currency translation adjustment 107 85 192 Comprehensive income (loss): $ (30,361 ) $ (1,296 ) $ (31,657 ) Six Months Ended June 30, 2015 On Deck Capital, Inc.'s stockholders' equity Noncontrolling interest Total Balance as of January 1, 2015 $ 310,605 $ — $ 310,605 Net income (loss) (363 ) (232 ) (595 ) Stock-based compensation (1) 4,135 — 4,135 OnDeck Australia capitalization — 6,870 6,870 Cumulative translation adjustment 32 29 61 Other (231 ) — (231 ) Balance at June 30, 2015 314,178 6,667 320,845 Comprehensive loss: Net loss (363 ) (232 ) (595 ) Other comprehensive income (loss): Foreign currency translation adjustment 32 29 61 Comprehensive income (loss): $ (331 ) $ (203 ) $ (534 ) ___________ (1) Includes only the amount of stock-based compensation recognized through additional paid-in capital and does not include stock-based compensation from the employee stock purchase plans or capitalized internal-use software costs. In the second quarter of 2015, we acquired a 55% interest in On Deck Capital Australia PTY LTD ("OnDeck Australia") with the remaining 45% owned by unrelated third parties. Additionally, in the third quarter of 2015, we acquired a 67% interest in an entity with the remaining 33% owned by an unrelated third party strategic partner for the purpose of providing small business loans to customers of the third party. We consolidate the financial position and results of operations of these entities. The noncontrolling interest, which is presented as a separate component of our consolidated equity, represents the minority owner's proportionate share of the equity of the jointly owned entities. The noncontrolling interest is adjusted for the minority owner's share of the earnings, losses, investments and distributions.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	Stock-Based Compensation Options The following table summarizes option activity for the six months ended June 30, 2016 : Number of Weighted- Weighted- Aggregate Outstanding at January 1, 2016 10,711,321 $ 6.16 Granted 447,732 $ 6.24 Exercised (253,894 ) $ 0.50 Forfeited (171,103 ) $ 9.76 Expired (41,913 ) $ 12.91 Outstanding at June 30, 2016 10,692,143 $ 6.20 7.47 $ 22,984 Exercisable at June 30, 2016 6,010,981 $ 3.80 6.80 $ 19,104 Vested or expected to vest as of June 30, 2016 10,509,124 $ 6.11 7.47 $ 22,935 Total compensation cost related to unvested option awards not yet recognized as of June 30, 2016 was $17.5 million and will be recognized over a weighted-average period of approximately 2.39 years. The aggregate intrinsic value of employee options exercised during the three months ended June 30, 2016 and 2015 was $0.6 million and $1.7 million , respectively. The aggregate intrinsic value of employee options exercised during the six months ended June 30, 2016 and 2015 was $1.5 million and $7.8 million , respectively. Restricted Stock Units The following table summarizes activity in our restricted stock units ("RSUs") during the six months ended June 30, 2016 : Number of RSUs Weighted-Average Grant Date Fair Value Unvested at January 1, 2016 1,853,452 $ 12.85 RSUs granted 1,790,942 $ 7.11 RSUs vested (106,839 ) $ 18.45 RSUs forfeited/expired (181,353 ) $ 10.81 Unvested at June 30, 2016 3,356,202 $ 9.72 Expected to vest after June 30, 2016 2,546,144 $ 10.31 As of June 30, 2016 , there was $20.8 million of unrecognized compensation cost related to unvested RSUs, which is expected to be recognized over the next 3.25 years. Stock-based compensation expense related to stock options, RSUs and the 2014 Employee Stock Purchase Plan are included in the following line items in our accompanying consolidated statements of operations for the three and six months ended June 30, 2016 and 2015 (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 Sales and marketing $ 941 $ 594 $ 1,829 $ 1,168 Technology and analytics 887 504 1,644 941 Processing and servicing 211 156 554 303 General and administrative 1,871 1,062 3,635 1,946 Total $ 3,910 $ 2,316 $ 7,662 $ 4,358

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Concentrations of Credit Risk Financial instruments that potentially subject us to significant concentrations of credit risk consist principally of cash, cash equivalents, restricted cash and loans. We hold cash, cash equivalents and restricted cash in accounts at regulated domestic financial institutions in amounts that exceed or may exceed FDIC insured amounts and at non-U.S. financial institutions where deposited amounts may be uninsured. We believe these institutions to be of acceptable credit quality and we have not experienced any related losses to date. Contingencies Two separate putative class actions were filed in August 2015 in the United States District Court for the Southern District of New York against us, certain of our executive officers, our directors and certain or all of the underwriters of our initial public offering. The suits allege that the registration statement and prospectus for our initial public offering contained materially false and misleading statements regarding, or failed to disclose, certain information in violation of the Securities Act of 1933, as amended. The suits seek a determination that the case is a proper class action and/or certification of the plaintiff as a class representative, rescission or a rescissory measure of damages and/or unspecified damages, interest, attorneys’ fees and other fees and costs. On February 18, 2016, the court issued an order (1) consolidating the two cases, (2) selecting the lead plaintiff and (3) appointing lead class counsel. On March 18, 2016, the lead plaintiff filed an amended complaint. On April 14, 2016, the court approved a schedule allowing the defendants 60 days to file a motion to dismiss, allowing the plaintiff to file any opposition within 60 days of the filing of the motion to dismiss and allowing the defendants to file a reply within 30 days after the filing of plaintiff’s opposition. On June 13, 2016, we filed a motion to dismiss the case. On August 4, 2016, the court approved an extension of plaintiff's time to file his opposition to the motion to dismiss from August 12, 2016 to September 2, 2016. We intend to defend ourselves vigorously in these consolidated matters, although at this time we cannot predict the outcome. From time to time we are subject to other legal proceedings and claims in the ordinary course of business. The results of such matters cannot be predicted with certainty. However, we believe that the final outcome of any such current matters will not result in a material adverse effect on our consolidated financial condition, consolidated results of operations or consolidated cash flows.

Organization and Summary of S15

Organization and Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
Basis of Presentation and Principles of Consolidation	Basis of Presentation and Principles of Consolidation The accompanying unaudited condensed consolidated financial statements and footnotes have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") as contained in the Financial Accounting Standards Board (‘‘FASB’’) Accounting Standards Codification (“ASC”) for interim financial information. The results of operations for the periods presented are not necessarily indicative of the results for the full year or the results for any future periods. These unaudited condensed consolidated financial statements should be read in conjunction with our audited consolidated financial statements, including the related notes, and the other information contained in our Annual Report on Form 10-K for the year ended December 31, 2015. Certain reclassifications have been made to the prior period amounts to conform to the current period presentation. When used in these notes to unaudited condensed consolidated financial statements, the terms "we," "us," "our" or similar terms refers to On Deck Capital, Inc. and its consolidated subsidiaries. The unaudited condensed consolidated financial statements include the accounts of our wholly-owned subsidiaries and subsidiaries in which we have a controlling financial interest. All intercompany transactions and accounts have been eliminated in consolidation. Other than as described below in Recently Adopted Accounting Standards , during the six months ended June 30, 2016 , there were no material changes to our significant accounting policies as disclosed under Part II, Item 8 of our Annual Report on Form 10-K for the year ended December 31, 2015.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the reported amounts in the unaudited condensed consolidated financial statements and accompanying notes. Significant estimates include allowance for loan losses, valuation of warrants, stock-based compensation expense, fair value of servicing assets/liabilities and loans purchased, capitalized software development costs, the useful lives of long-lived assets and valuation allowance for deferred tax assets. We base our estimates on historical experience, current events and other factors we believe to be reasonable under the circumstances. These estimates and assumptions are inherently subjective in nature; actual results may differ from these estimates and assumptions.
Purchase of Loans	Purchases of Loans From time to time, we may purchase loans that we previously sold to third parties. We generally determine the price we are willing to pay for those loans through arms-length negotiations and by using a discounted cash flow model which contain certain unobservable inputs such as discount rate, renewal rate and default rate, with adjustments that management believes a market participant would consider. We may also obtain third-party valuations of pools of loans we are considering purchasing. Upon purchase, loans are recorded at their acquisition price which represents fair value. The amortized cost of the purchased loans, which includes unpaid principal balances and any related premiums or discounts, when applicable, are included in loans held for investment on the unaudited condensed consolidated balance sheets.
Recently Adopted Accounting Standards and Recent Pronouncements Not Yet Adopted	Recently Adopted Accounting Standards In April 2015, the FASB issued Accounting Standards Update ("ASU") 2015-03, Interest—Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs . The ASU simplifies the presentation of debt issuance costs by requiring that unamortized debt issuance costs be presented as a reduction of the applicable liability rather than an asset. The guidance is effective beginning on January 1, 2016 and is required to be applied retrospectively. Accordingly, $4.2 million of deferred debt issuance costs on the consolidated balance sheet at December 31, 2015 have been reclassified to be presented as a reduction of the carrying value of the associated debt to conform with the current period presentation. Recent Accounting Pronouncements Not Yet Adopted In May 2014, the FASB issued ASU 2014-09, Revenue Recognition , which creates ASC 606, Revenue from Contracts with Customers , and supersedes ASC 605, Revenue Recognition . ASU 2014-09 requires revenue to be recognized in an amount that reflects the consideration to which the entity expects to be entitled in exchange for goods or services and also requires additional disclosure about the nature, amount, timing, and uncertainty of revenue and cash flows from customer contracts. The new guidance will be effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. Early adoption is permitted, but not before the original effective date of December 15, 2016. In March 2016, the FASB issued ASU 2016-08, Principal versus Agent Considerations , which makes amendments to the new revenue standard on assessing whether an entity is a principal or an agent in a revenue transaction and impacts whether an entity reports revenue on a gross or net basis. In April 2016, the FASB issued ASU 2016-10, Identifying Performance Obligations and Licensing , which makes amendments to the new revenue standard regarding the identification of performance obligations and accounting for the license of intellectual property. In May 2016, the FASB issued ASU 2016-12, Narrow-Scope Improvements and Practical Expedients , which makes amendments to the new revenue standard regarding assessing collectibility, presentation of sales taxes, noncash consideration and completed contracts and contract modifications at the time of transition to the new standard. The amendments have the same effective date and transition requirements as the new revenue recognition standard. We are currently assessing the impact that the adoption of this guidance will have on our consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, Leases , which creates ASC 842, Leases , and supersedes ASC 840, Leases . ASU 2016-02 requires lessees to recognize a right-of-use asset and lease liability for all leases with terms of more than 12 months. Recognition, measurement and presentation of expenses will depend on classification as a finance or operating lease. The new guidance will be effective for annual reporting periods beginning after December 15, 2018, including interim periods within that reporting period and is applied retrospectively. Early adoption is permitted. We are currently assessing the impact that the adoption of this guidance will have on our consolidated financial statements. In March 2016, the FASB issued ASU 2016-09, Improvements to Employee Share-Based Payment Accounting . ASU 2016-09 will simplify several aspects of accounting for share-based payment award transactions which include the income tax consequences, classification of awards as either equity or liabilities, classification on the statement of cash flows and forfeiture rate calculations. The new guidance will be effective for annual reporting periods beginning after December 15, 2016. Early adoption is permitted in any interim or annual period. We are currently assessing the impact that the adoption of this guidance will have on our consolidated financial statements. In June 2016, the FASB issued ASU 2016-13, Measurement of Credit Losses on Financial Instruments . ASU 2016-13 will change the impairment model and how entities measure credit losses for most financial assets. The standard requires entities to use the new expected credit loss impairment model which will replace the incurred loss model used today. The new guidance will be effective for annual reporting periods beginning after December 15, 2019. Early adoption is permitted, but not prior to December 15, 2018. We are currently assessing the impact that the adoption of this guidance will have on our consolidated financial statements.

Net Loss Per Common Share (Tabl

Net Loss Per Common Share (Tables)	6 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	Basic and diluted net loss per common share is calculated as follows (in thousands, except share and per share data): Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 Numerator: Net income (loss) $ (18,708 ) $ 4,748 $ (31,849 ) $ (595 ) Less: net loss attributable to noncontrolling interest 813 232 1,381 232 Net income (loss) attributable to On Deck Capital, Inc. common stockholders $ (17,895 ) $ 4,980 $ (30,468 ) $ (363 ) Denominator: Weighted-average common shares outstanding: Basic 70,712,142 69,479,737 70,588,784 69,366,278 Weighted-average effect of dilutive securities: Stock options — 5,819,581 — — Restricted stock and RSU's — 40,032 — — Employee stock purchase program — 58,776 — — Warrants to purchase common stock — 282,164 — — Diluted weighted-average common shares outstanding 70,712,142 75,680,290 70,588,784 69,366,278 Net income (loss) attributable to On Deck Capital, Inc. common stockholders per common share: Basic $ (0.25 ) $ 0.07 $ (0.43 ) $ (0.01 ) Diluted $ (0.25 ) $ 0.07 $ (0.43 ) $ (0.01 )
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	The following common share equivalent securities have been excluded from the calculation of weighted-average common shares outstanding because the effect is anti-dilutive for the periods presented: Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 Anti-Dilutive Common Share Equivalents Warrants to purchase common stock 22,000 22,000 22,000 309,792 Restricted stock units 3,356,202 351,737 3,356,202 555,666 Stock options 10,692,143 1,125,043 10,692,143 9,911,822 Total anti-dilutive common share equivalents 14,070,345 1,498,780 14,070,345 10,777,280

Loans Held for Investment and17

Loans Held for Investment and Allowance for Loan Losses (Tables)	6 Months Ended
	Jun. 30, 2016
Receivables [Abstract]
Schedule of Loans Held for Investment	Loans held for investment consisted of the following as of June 30, 2016 and December 31, 2015 (in thousands): June 30, 2016 December 31, 2015 Term loans $ 697,862 $ 482,596 Lines of credit 92,559 61,194 Total unpaid principal balance 790,421 543,790 Net deferred origination costs 13,977 8,952 Total loans held for investment $ 804,398 $ 552,742
Schedule of Allowance for Loan Losses	The activity in the allowance for loan losses for the three and six months ended June 30 , 2016 and 2015 consisted of the following (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 Balance at beginning of period $ 61,707 $ 56,795 $ 53,311 $ 49,804 Provision for loan losses 32,271 15,526 57,708 38,626 Loans charged off (21,625 ) (21,155 ) (40,143 ) (39,014 ) Recoveries of loans previously charged off 1,496 1,886 2,973 3,636 Allowance for loan losses at end of period $ 73,849 $ 53,052 $ 73,849 $ 53,052
Schedule of Non-delinquent and Delinquent Loans	The following table contains information, on a combined basis, regarding the unpaid principal balance of loans we originated and the amortized cost of loans purchased from other than an issuing bank partner by delinquency status as of June 30, 2016 and December 31, 2015 (in thousands): June 30, 2016 December 31, 2015 By delinquency status: Non-delinquent loans $ 727,664 $ 486,729 1-14 calendar days past due 20,777 21,360 15-29 calendar days past due 11,141 8,703 30-59 calendar days past due 13,563 10,347 60-89 calendar days past due 9,197 7,443 90 + calendar days past due 8,079 9,208 Total unpaid principal balance $ 790,421 $ 543,790 The following table contains information, on a combined basis, regarding the unpaid principal balance of loans we originated and the amortized cost of loans purchased from other than an issuing bank partner related to non-delinquent, paying delinquent and non-paying delinquent loans as of June 30, 2016 and December 31, 2015 (in thousands): June 30, 2016 December 31, 2015 Non-delinquent loans $ 727,664 $ 486,729 Delinquent: paying (accrual status) 29,506 28,192 Delinquent: non-paying (non-accrual status) 33,251 28,869 Total $ 790,421 $ 543,790

Servicing Rights (Tables)

Servicing Rights (Tables)	6 Months Ended
	Jun. 30, 2016
Transfers and Servicing [Abstract]
Summary of Activity for Servicing Assets	The following table summarizes the activity related to the fair value of our servicing assets for the three and six months ended June 30, 2016 : Three Months Ended June 30, 2016 Six Months Ended June 30, 2016 Fair value at the beginning of period $ 2,647 $ 3,489 Addition: Servicing resulting from transfers of financial assets 626 1,574 Changes in fair value: Changes in fair value (1) (1,284 ) (3,074 ) Fair value at the end of period (Level 3) $ 1,989 $ 1,989 ___________ (1) Represents changes due to collection of expected cash flows through June 30, 2016 , recognized through other income on the unaudited condensed consolidated statement of operations

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
Summary of Outstanding Debt	The following table summarizes our outstanding debt as of June 30, 2016 and December 31, 2015 (in thousands): Description Type Maturity Date Weighted Average Interest June 30, 2016 December 31, 2015 Funding Debt: ODAST Agreement (1) Securitization Facility May 2018 —% $ — $ 174,980 PORT Agreement Revolving June 2017 2.7% 78,289 59,415 RAOD Agreement Revolving May 2017 3.4% 99,985 47,465 ODART Agreement Revolving September 2017 3.2% 62,402 42,090 ODAC Agreement Revolving May 2017 9.7% 55,002 27,699 SBAF Agreement Revolving Various (2) 6.6% 7,625 12,783 ODAP Agreement Revolving August 2017 (3) 5.0% — 8,819 ODAST II Agreement Securitization Facility May 2020 (4) 4.7% 250,000 — Partner Synthetic Participations Term Various (5) Various 5,568 6,861 558,871 380,112 Deferred Debt Issuance Cost (4,948 ) (4,222 ) Total Funding Debt $ 553,923 $ 375,890 Corporate Debt: Square 1 Agreement Revolving October 2016 4.5% $ 2,700 $ 2,700 Deferred Debt Issuance Cost (2 ) (5 ) Total Corporate Debt $ 2,698 $ 2,695 ___________ (1) This debt facility was terminated in May 2016 (2) Maturity dates range from August 2016 through August 2017 (3) The period during which new borrowings may be made under this debt facility expires in August 2016 (4) The period during which remaining cash flow can be used to purchase additional loans expires April 30, 2018 (5) Maturity dates range from July 2016 through June 2018

Fair Value of Financial Instr20

Fair Value of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2016
Fair Value Disclosures [Abstract]
Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis	The following tables present information about our assets that are measured at fair value on a recurring basis as of June 30, 2016 and December 31, 2015 (in thousands): June 30, 2016 Description Level 1 Level 2 Level 3 Total Assets : Servicing assets $ — $ — $ 1,989 $ 1,989 Total assets $ — $ — $ 1,989 $ 1,989 December 31, 2015 Description Level 1 Level 2 Level 3 Total Assets : Servicing assets $ — $ — $ 3,489 $ 3,489 Total assets $ — $ — $ 3,489 $ 3,489
Summary of Significant Unobservable Inputs for Level 3 Fair Value Measurement	The following tables present quantitative information about the significant unobservable inputs used for certain of our Level 3 fair value measurement as of June 30, 2016 and December 31, 2015 : June 30, 2016 Unobservable input Minimum Maximum Weighted-Average Servicing Assets Discount rate 30.00 % 30.00 % 30.00 % Cost of service (1) 0.08 % 0.13 % 0.10 % Renewal rate 42.50 % 57.78 % 50.80 % Default rate 10.35 % 10.87 % 10.63 % December 31, 2015 Unobservable input Minimum Maximum Weighted-Average Servicing Assets Discount rate 30.00 % 30.00 % 30.00 % Cost of service (1) 0.09 % 0.09 % 0.09 % Renewal rate 31.78 % 53.21 % 53.21 % Default rate 6.43 % 10.36 % 10.00 % (1) Estimated cost of servicing a loan as a percentage of unpaid principal balance
Summary of Effect on Changes in Estimate for Servicing Asset Fair Value	The following table summarizes the effect adverse changes in estimate would have on the fair value of the servicing assets as of June 30, 2016 and December 31, 2015 given hypothetical changes in default rate and cost to service (in thousands): June 30, 2016 December 31, 2015 Servicing Assets Default rate assumption: Default rate increase of 25% $ (100 ) $ (145 ) Default rate increase of 50% $ (192 ) $ (282 ) Cost to service assumption: Cost to service increase by 25% $ (55 ) $ (79 ) Cost to service increase by 50% $ (110 ) $ (159 )
Schedule of Assets and Liabilities Disclosed at Fair Value	This determination requires significant judgments to be made. June 30, 2016 Description Carrying Value Fair Value Level 1 Level 2 Level 3 Assets : Loans held for investment $ 730,549 $ 793,219 $ — $ — $ 793,219 Loans held for sale 3,837 3,997 — — 3,997 Total assets $ 734,386 $ 797,216 $ — $ — $ 797,216 Description Liabilities: Fixed-rate debt $ 263,193 $ 252,561 $ — $ — $ 252,561 Total fixed-rate debt $ 263,193 $ 252,561 $ — $ — $ 252,561 December 31, 2015 Description Carrying Value Fair Value Level 1 Level 2 Level 3 Assets : Loans held for investment $ 499,431 $ 545,740 $ — $ — $ 545,740 Loans held for sale 706 763 — — 763 Total assets $ 500,137 $ 546,503 $ — $ — $ 546,503 Description Liabilities: Fixed-rate debt $ 194,624 $ 190,411 $ — $ — $ 190,411 Total fixed-rate debt $ 194,624 $ 190,411 $ — $ — $ 190,411

Noncontrolling Interest (Tables

Noncontrolling Interest (Tables)	6 Months Ended
	Jun. 30, 2016
Noncontrolling Interest [Abstract]
Summary of Changes in Equity	The following table summarizes changes in equity, including the equity attributable to noncontrolling interests, for the six months ended June 30, 2016 and June 30, 2015 : Six Months Ended June 30, 2016 On Deck Capital, Inc.'s stockholders' equity Noncontrolling interest Total Balance as of January 1, 2016 $ 322,813 $ 6,609 $ 329,422 Net income (loss) (30,468 ) (1,381 ) (31,849 ) Stock-based compensation 7,416 — 7,416 Employee stock purchase plan 2,665 — 2,665 Cumulative translation adjustment 107 85 192 Other (117 ) — (117 ) Balance at June 30, 2016 302,416 5,313 307,729 Comprehensive loss: Net loss (30,468 ) (1,381 ) (31,849 ) Other comprehensive income (loss): Foreign currency translation adjustment 107 85 192 Comprehensive income (loss): $ (30,361 ) $ (1,296 ) $ (31,657 ) Six Months Ended June 30, 2015 On Deck Capital, Inc.'s stockholders' equity Noncontrolling interest Total Balance as of January 1, 2015 $ 310,605 $ — $ 310,605 Net income (loss) (363 ) (232 ) (595 ) Stock-based compensation (1) 4,135 — 4,135 OnDeck Australia capitalization — 6,870 6,870 Cumulative translation adjustment 32 29 61 Other (231 ) — (231 ) Balance at June 30, 2015 314,178 6,667 320,845 Comprehensive loss: Net loss (363 ) (232 ) (595 ) Other comprehensive income (loss): Foreign currency translation adjustment 32 29 61 Comprehensive income (loss): $ (331 ) $ (203 ) $ (534 ) ___________ (1) Includes only the amount of stock-based compensation recognized through additional paid-in capital and does not include stock-based compensation from the employee stock purchase plans or capitalized internal-use software costs.

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Summary of Option Activity	The following table summarizes option activity for the six months ended June 30, 2016 : Number of Weighted- Weighted- Aggregate Outstanding at January 1, 2016 10,711,321 $ 6.16 Granted 447,732 $ 6.24 Exercised (253,894 ) $ 0.50 Forfeited (171,103 ) $ 9.76 Expired (41,913 ) $ 12.91 Outstanding at June 30, 2016 10,692,143 $ 6.20 7.47 $ 22,984 Exercisable at June 30, 2016 6,010,981 $ 3.80 6.80 $ 19,104 Vested or expected to vest as of June 30, 2016 10,509,124 $ 6.11 7.47 $ 22,935
Schedule of Activities of RSUs	The following table summarizes activity in our restricted stock units ("RSUs") during the six months ended June 30, 2016 : Number of RSUs Weighted-Average Grant Date Fair Value Unvested at January 1, 2016 1,853,452 $ 12.85 RSUs granted 1,790,942 $ 7.11 RSUs vested (106,839 ) $ 18.45 RSUs forfeited/expired (181,353 ) $ 10.81 Unvested at June 30, 2016 3,356,202 $ 9.72 Expected to vest after June 30, 2016 2,546,144 $ 10.31
Schedule of Stock-based Compensation Expense	Stock-based compensation expense related to stock options, RSUs and the 2014 Employee Stock Purchase Plan are included in the following line items in our accompanying consolidated statements of operations for the three and six months ended June 30, 2016 and 2015 (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 Sales and marketing $ 941 $ 594 $ 1,829 $ 1,168 Technology and analytics 887 504 1,644 941 Processing and servicing 211 156 554 303 General and administrative 1,871 1,062 3,635 1,946 Total $ 3,910 $ 2,316 $ 7,662 $ 4,358

Organization and Summary of S23

Organization and Summary of Significant Accounting Policies (Details) $ in Millions	Dec. 31, 2015USD ($)
Accounting Policies [Abstract]
Reclassification of deferred debt issuance costs	$ 4.2

Net Loss Per Common Share (Basi

Net Loss Per Common Share (Basic and Diluted Net Loss per Common Share) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Net income (loss)	$ (18,708)	$ 4,748	$ (31,849)	$ (595)
Less: net loss attributable to noncontrolling interest	813	232	1,381	232
Net income (loss) attributable to On Deck Capital, Inc. common stockholders	$ (17,895)	$ 4,980	$ (30,468)	$ (363)
Weighted-average common shares outstanding:
Basic (in shares)	70,712,142	69,479,737	70,588,784	69,366,278
Weighted-average effect of dilutive securities:
Diluted weighted-average common shares outstanding (in shares)	70,712,142	75,680,290	70,588,784	69,366,278
Net income (loss) attributable to On Deck Capital, Inc. common stockholders per common share:
Basic (USD per share)	$ (0.25)	$ 0.07	$ (0.43)	$ (0.01)
Diluted (USD per share)	$ (0.25)	$ 0.07	$ (0.43)	$ (0.01)
Stock options
Weighted-average effect of dilutive securities:
Incremental common shares attributable to dilutive effect of share-based payment arrangements (in shares)	0	5,819,581	0	0
Restricted stock and RSU's
Weighted-average effect of dilutive securities:
Incremental common shares attributable to dilutive effect of share-based payment arrangements (in shares)	0	40,032	0	0
Employee stock purchase program
Weighted-average effect of dilutive securities:
Incremental common shares attributable to dilutive effect of share-based payment arrangements (in shares)	0	58,776	0	0
Warrants to purchase common stock
Weighted-average effect of dilutive securities:
Incremental common shares attributable to dilutive effect of share-based payment arrangements (in shares)	0	282,164	0	0

Net Loss Per Common Share (Anti

Net Loss Per Common Share (Anti-Dilutive Common Share Equivalents) (Details) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive common share equivalents (in shares)	14,070,345	1,498,780	14,070,345	10,777,280
Weighted-Average
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Price of shares entitled to purchase (USD per share)	$ 10.70		$ 10.70
Warrants to purchase common stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive common share equivalents (in shares)	2,206,496	2,206,496	2,206,496	2,206,496
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive common share equivalents (in shares)	10,692,143	1,125,043	10,692,143	9,911,822
Common stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive common share equivalents (in shares)			2,228,496
Common stock | Warrants to purchase common stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive common share equivalents (in shares)	22,000	22,000	22,000	309,792
Restricted stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive common share equivalents (in shares)	3,356,202	351,737	3,356,202	555,666

Loans Held for Investment and26

Loans Held for Investment and Allowance for Loan Losses (Loans) (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total unpaid principal balance	$ 790,421	$ 543,790
Net deferred origination costs	13,977	8,952
Total loans held for investment	804,398	552,742
Term loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total unpaid principal balance	697,862	482,596
Lines of credit
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total unpaid principal balance	$ 92,559	$ 61,194

Loans Held for Investment and27

Loans Held for Investment and Allowance for Loan Losses (Narrative) (Details) - USD ($) $ in Thousands	Jun. 15, 2016	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Originations of loans held for investment, modified	$ 6,700			$ 6,672	$ 0
Proceeds from sale of previously charged-off loans		$ 900	$ 1,300	1,900	2,800
Allowance for loan losses for non-delinquent loans		42,100		42,100		$ 27,000
Allowance for loan losses for delinquent loans		31,700		31,700		26,300
Unused lines of Credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance sheet credit exposure		127,600		127,600		89,100
Reserve for Off-balance Sheet Activities
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Related accrual for unfunded loan commitments		3,600		3,600		$ 4,200
Financial Institutions Borrower [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Originations of loans held for investment, modified		$ 130,200	$ 48,800	$ 233,700	$ 103,400

Loans Held for Investment and28

Loans Held for Investment and Allowance for Loan Losses (Allowance Roll Forward) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance at beginning of period	$ 61,707	$ 56,795	$ 53,311	$ 49,804
Provision for loan losses	32,271	15,526	57,708	38,626
Loans charged off	(21,625)	(21,155)	(40,143)	(39,014)
Recoveries of loans previously charged off	1,496	1,886	2,973	3,636
Allowance for loan losses at end of period	$ 73,849	$ 53,052	$ 73,849	$ 53,052

Loans Held for Investment and29

Loans Held for Investment and Allowance for Loan Losses (Non-delinquent, Paying and Non-paying Delinquent Loans) (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Receivables [Abstract]
Non-delinquent loans	$ 727,664	$ 486,729
Delinquent: paying (accrual status)	29,506	28,192
Delinquent: non-paying (non-accrual status)	33,251	28,869
Total unpaid principal balance	$ 790,421	$ 543,790

Loans Held for Investment and30

Loans Held for Investment and Allowance for Loan Losses (Aging Analysis of Term Loans) (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-delinquent loans	$ 727,664	$ 486,729
Total unpaid principal balance	790,421	543,790
1-14 calendar days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due loans	20,777	21,360
15-29 calendar days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due loans	11,141	8,703
30-59 calendar days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due loans	13,563	10,347
60-89 calendar days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due loans	9,197	7,443
90 calendar days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due loans	$ 8,079	$ 9,208

Servicing Rights (Narrative) (D

Servicing Rights (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Transfers and Servicing [Abstract]
Serviced unpaid principal balance	$ 259.2		$ 259.2		$ 345.9
Unpaid principal balance for loans sold during period	77.2	$ 143.2	197.3	$ 235.2
Servicing revenue	$ 0.1	$ 0.9	$ 0.5	$ 1.4

Servicing Rights (Fair Value of

Servicing Rights (Fair Value of Servicing Assets) (Details) - Term Loan - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2016
Servicing Asset at Fair Value, Amount [Roll Forward]
Fair value at the beginning of period	$ 2,647	$ 3,489
Addition:
Servicing resulting from transfers of financial assets	626	1,574
Changes in fair value:
Changes in fair value	(1,284)	(3,074)
Fair value at the end of period (Level 3)	$ 1,989	$ 1,989

Debt (Details)

Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Deferred Debt Issuance Cost		$ (4,200)
Partner Synthetic Participations
Debt Instrument [Line Items]
Outstanding debt, gross	$ 5,568	6,861
Funding debt
Debt Instrument [Line Items]
Outstanding debt, gross	558,871	380,112
Deferred Debt Issuance Cost	(4,948)	(4,222)
Outstanding debt, net	$ 553,923	375,890
ODAST Agreement Due May 2018 | Secured Debt
Debt Instrument [Line Items]
Weighted average interest rate	0.00%
Outstanding debt, gross	$ 0	174,980
PORT Agreement Due June 2017 | Revolving Credit Facility
Debt Instrument [Line Items]
Weighted average interest rate	2.70%
Outstanding debt, gross	$ 78,289	59,415
RAOD Agreement Due May 2017 | Revolving Credit Facility
Debt Instrument [Line Items]
Weighted average interest rate	3.40%
Outstanding debt, gross	$ 99,985	47,465
ODART Agreement Due September 2017 | Revolving Credit Facility
Debt Instrument [Line Items]
Weighted average interest rate	3.20%
Outstanding debt, gross	$ 62,402	42,090
ODAC Agreement Due May 2017 | Revolving Credit Facility
Debt Instrument [Line Items]
Weighted average interest rate	9.70%
Outstanding debt, gross	$ 55,002	27,699
SBAF Agreement Due April 2016 through August 2017 | Revolving Credit Facility
Debt Instrument [Line Items]
Weighted average interest rate	6.60%
Outstanding debt, gross	$ 7,625	12,783
ODAP Agreement Due August 2017 | Revolving Credit Facility
Debt Instrument [Line Items]
Weighted average interest rate	5.00%
Outstanding debt, gross	$ 0	8,819
ODAST II Agreement Due May 2020 | Secured Debt
Debt Instrument [Line Items]
Weighted average interest rate	4.70%
Outstanding debt, gross	$ 250,000	0
Corporate Debt
Debt Instrument [Line Items]
Outstanding debt, net	$ 2,698	2,695
Corporate Debt | Revolving Credit Facility
Debt Instrument [Line Items]
Weighted average interest rate	4.50%
Outstanding debt, gross	$ 2,700	2,700
Deferred Debt Issuance Cost	$ (2)	$ (5)

Debt (Narrative) (Details)

Debt (Narrative) (Details) - USD ($)	Jun. 17, 2016	May 17, 2016	Apr. 28, 2016	Apr. 27, 2016	Jun. 30, 2016	Jun. 30, 2016	Jun. 30, 2015	Jun. 16, 2016
Debt Instrument [Line Items]
Amortization of debt issuance costs						$ 2,969,000	$ 1,332,000
Revolving Credit Facility | ODAC Agreement Due May 2017
Debt Instrument [Line Items]
Borrowing base, percent			75.00%	70.00%
Revolving Credit Facility | ODART Agreement Due September 2017
Debt Instrument [Line Items]
Line of credit	$ 162,400,000							$ 150,000,000
Borrowing base, percent	92.00%
Line of credit facility, increase (decrease), net	$ 12,400,000
Revolving Credit Facility | ODART Agreement Due September 2017 | LIBOR
Debt Instrument [Line Items]
Variable interest spread	8.00%
Secured Debt | ODAST Agreement Due May 2018
Debt Instrument [Line Items]
Repayment of debt		$ 175,000,000
Secured Debt | ODAST II Agreement Due May 2020
Debt Instrument [Line Items]
Repayment of debt		250,000,000
Secured Debt | ODAST II Agreement Due May 2020 - Class A
Debt Instrument [Line Items]
Repayment of debt		$ 211,500,000
Stated interest rate		4.21%
Secured Debt | ODAST II Agreement Due May 2020 - Class B
Debt Instrument [Line Items]
Repayment of debt		$ 38,500,000
Stated interest rate		7.63%
ODAC | Revolving Credit Facility | ODAC Agreement Due May 2017
Debt Instrument [Line Items]
Line of credit			$ 75,000,000	$ 50,000,000
ODAC | Revolving Credit Facility | ODAC Agreement Due May 2017 | LIBOR
Debt Instrument [Line Items]
Variable interest spread			9.25%	8.25%
Interest Expense [Member] | Secured Debt | ODAST Agreement Due May 2018
Debt Instrument [Line Items]
Amortization of debt issuance costs					$ 1,600,000	$ 1,600,000

Fair Value of Financial Instr35

Fair Value of Financial Instruments (Assets and Liabilities Measured on Recurring Basis) (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	$ 0	$ 0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	0	0
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	797,216	546,503
Recurring Basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Servicing assets	1,989	3,489
Total assets	1,989	3,489
Recurring Basis | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Servicing assets	0	0
Total assets	0	0
Recurring Basis | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Servicing assets	0	0
Total assets	0	0
Recurring Basis | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Servicing assets	1,989	3,489
Total assets	$ 1,989	$ 3,489

Fair Value of Financial Instr36

Fair Value of Financial Instruments (Servicing Rights) (Details)	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Minimum
Servicing Assets at Fair Value [Line Items]
Discount rate	30.00%	30.00%
Cost of service	0.08%	0.09%
Renewal rate	42.50%	31.78%
Default rate	10.35%	6.43%
Maximum
Servicing Assets at Fair Value [Line Items]
Discount rate	30.00%	30.00%
Cost of service	0.13%	0.09%
Renewal rate	57.78%	53.21%
Default rate	10.87%	10.36%
Weighted-Average
Servicing Assets at Fair Value [Line Items]
Discount rate	30.00%	30.00%
Cost of service	0.10%	0.09%
Renewal rate	50.80%	53.21%
Default rate	10.63%	10.00%

Fair Value of Financial Instr37

Fair Value of Financial Instruments (Servicing Assets) (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Fair Value Disclosures [Abstract]
Default rate assumption, Default rate increase of 25%	25.00%	25.00%
Default rate assumption, Default rate increase of 50%	50.00%	50.00%
Cost to service assumption, Cost to service increase by 25%	25.00%	25.00%
Cost to service assumption, Cost to service increase by 50%	50.00%	50.00%
Default rate increase of 25%	$ (100)	$ (145)
Default rate increase of 50%	(192)	(282)
Cost to service increase by 25%	(55)	(79)
Cost to service increase by 50%	$ (110)	$ (159)

Fair Value of Financial Instr38

Fair Value of Financial Instruments (Assets and Liabilities Measured at Fair Value) (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for investment	$ 0	$ 0
Loans held for sale	0	0
Total assets	0	0
Fixed-rate debt	0	0
Total fixed-rate debt	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for investment	0	0
Loans held for sale	0	0
Total assets	0	0
Fixed-rate debt	0	0
Total fixed-rate debt	0	0
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for investment	793,219	545,740
Loans held for sale	3,997	763
Total assets	797,216	546,503
Fixed-rate debt	252,561	190,411
Total fixed-rate debt	252,561	190,411
Carrying Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for investment	730,549	499,431
Loans held for sale	3,837	706
Total assets	734,386	500,137
Fixed-rate debt	263,193	194,624
Total fixed-rate debt	263,193	194,624
Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for investment	793,219	545,740
Loans held for sale	3,997	763
Total assets	797,216	546,503
Fixed-rate debt	252,561	190,411
Total fixed-rate debt	$ 252,561	$ 190,411

Noncontrolling Interest (Detail

Noncontrolling Interest (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance			$ 329,422	$ 310,605
Net income (loss)	$ (18,708)	$ 4,748	(31,849)	(595)
Stock-based compensation			7,416	4,135
Employee stock purchase plan			2,665
OnDeck Australia capitalization				6,870
Cumulative translation adjustment	(326)	61	192	61
Other			(117)	(231)
Ending balance	307,729	320,845	307,729	320,845
Comprehensive loss:
Net loss	(18,708)	4,748	(31,849)	(595)
Foreign currency translation adjustment	(326)	61	192	61
Comprehensive income (loss):	(19,034)	4,809	(31,657)	(534)
On Deck Capital, Inc.'s stockholders' equity
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance			322,813	310,605
Net income (loss)			(30,468)	(363)
Stock-based compensation			7,416	4,135
Employee stock purchase plan			2,665
OnDeck Australia capitalization				0
Cumulative translation adjustment			107	32
Other			(117)	(231)
Ending balance	302,416	314,178	302,416	314,178
Comprehensive loss:
Net loss			(30,468)	(363)
Foreign currency translation adjustment			107	32
Comprehensive income (loss):			(30,361)	(331)
Noncontrolling interest
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance			6,609	0
Net income (loss)			(1,381)	(232)
Stock-based compensation			0	0
Employee stock purchase plan			0
OnDeck Australia capitalization				6,870
Cumulative translation adjustment			85	29
Other			0	0
Ending balance	$ 5,313	$ 6,667	5,313	6,667
Comprehensive loss:
Net loss			(1,381)	(232)
Foreign currency translation adjustment			85	29
Comprehensive income (loss):			$ (1,296)	$ (203)

Noncontrolling Interest (Narrat

Noncontrolling Interest (Narrative) (Details)	Sep. 30, 2015	Jun. 30, 2015
Noncontrolling Interest [Line Items]
Noncontrolling interest, ownership percentage by parent	67.00%
Noncontrolling interest, ownership percentage by noncontrolling owners	33.00%
OnDeck Australia [Member]
Noncontrolling Interest [Line Items]
Noncontrolling interest, ownership percentage by parent		55.00%
Noncontrolling interest, ownership percentage by noncontrolling owners		45.00%

Stock-Based Compensation (Summa

Stock-Based Compensation (Summary of Option Activity) (Details) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2016USD ($)$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Beginning Balance, Outstanding, Number of Options (in shares) | shares	10,711,321
Granted, Number of Options (in shares) | shares	447,732
Exercised, Number of Options (in shares) | shares	(253,894)
Forfeited, Number of Options (in shares) | shares	(171,103)
Expired, Number of Options (in shares) | shares	(41,913)
Ending Balance, Outstanding, Number of Options (in shares) | shares	10,692,143
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Beginning Balance, Outstanding, Weighted-Average Exercise Price (USD per share) | $ / shares	$ 6.16
Granted, Weighted-Average Exercise Price (USD per share) | $ / shares	6.24
Exercised, Weighted-Average Exercise Price (USD per share) | $ / shares	0.50
Forfeited, Weighted-Average Exercise Price (USD per share) | $ / shares	9.76
Expired, Weighted-Average Exercise Price (USD per share) | $ / shares	12.91
Ending Balance, Outstanding, Weighted-Average Exercise Price (USD per share) | $ / shares	$ 6.20
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Outstanding, Weighted-Average Remaining Contractual Term (in years)	7 years 5 months 19 days
Outstanding, Aggregate Intrinsic Value | $	$ 22,984
Exercisable, Number of Options (in shares) | shares	6,010,981
Exercisable, Weighted-Average Exercise Price (USD per share) | $ / shares	$ 3.80
Exercisable, Weighted-Average Remaining Contractual Term (in years)	6 years 9 months 18 days
Exercisable, Aggregate Intrinsic Value | $	$ 19,104
Vested or expected to vest, Number of Options (in shares) | shares	10,509,124
Vested or expected to vest, Weighted-Average Exercise Price (USD per share) | $ / shares	$ 6.11
Vested or expected to vest, Weighted-Average Remaining Contractual Term (in years)	7 years 5 months 19 days
Vested or expected to vest, Aggregate Intrinsic Value | $	$ 22,935

Stock-Based Compensation (Optio

Stock-Based Compensation (Options) (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Compensation cost for nonvested option awards not yet recognized	$ 17.5		$ 17.5
Weighted-average recognition period			2 years 4 months 21 days
Aggregate intrinsic value	$ 0.6	$ 1.7	$ 1.5	$ 7.8

Stock-Based Compensation (Restr

Stock-Based Compensation (Restricted Stock Unit Activity) (Details) - Restricted stock and RSU's	6 Months Ended
	Jun. 30, 2016$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Unvested, Number of RSUs, Beginning Balance (in shares) | shares	1,853,452
RSUs granted, Number of RSUs (in shares) | shares	1,790,942
RSUs vested, Number of RSUs (in shares) | shares	(106,839)
RSUs forfeited/expired, Number of RSUs (in shares) | shares	(181,353)
Unvested, Number of RSUs, Ending Balance (in shares) | shares	3,356,202
Expected to vest, Number of RSUs (in shares) | shares	2,546,144
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Unvested, Weighted-Average Grant Date Fair Value, Beginning Balance (USD per share) | $ / shares	$ 12.85
RSUs granted, Weighted-Average Grant Date Fair Value (USD per share) | $ / shares	7.11
RSUs vested, Weighted-Average Grant Date Fair Value (USD per share) | $ / shares	18.45
RSUs forfeited/expired, Weighted-Average Grant Date Fair Value (USD per share) | $ / shares	10.81
Unvested, Weighted-Average Grant Date Fair Value, Ending Balance (USD per share) | $ / shares	9.72
Expected to vest, Weighted-Average Grant Date Fair Value (USD per share) | $ / shares	$ 10.31

Stock-Based Compensation (Res44

Stock-Based Compensation (Restricted Stock Units) (Narrative) (Details) $ in Millions	6 Months Ended
	Jun. 30, 2016USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recognition period	2 years 4 months 21 days
Restricted stock and RSU's
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	$ 20.8
Recognition period	3 years 3 months

Stock-Based Compensation (Stock

Stock-Based Compensation (Stock-based Compensation Expense) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	$ 3,910	$ 2,316	$ 7,662	$ 4,358
Sales and marketing
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	941	594	1,829	1,168
Technology and analytics
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	887	504	1,644	941
Processing and servicing
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	211	156	554	303
General and administrative
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	$ 1,871	$ 1,062	$ 3,635	$ 1,946

Commitments and Contingencies (

Commitments and Contingencies (Details) - Pending Litigation - lawsuit	Feb. 18, 2016	Aug. 31, 2015
Loss Contingencies [Line Items]
Number of putative class actions filed (in lawsuits)	2	2
Maximum period for filing motion to dismiss	30 days