On Deck Capital (ONDK) 10-Q 7 Nov 19 2019 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2019	Oct. 31, 2019
Document And Entity Information [Abstract]
Entity Registrant Name	On Deck Capital, Inc.
Entity Central Index Key	0001420811
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Document Type	10-Q
Document Period End Date	Sep. 30, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Common Stock, Shares Outstanding		71,849,670
Entity Emerging Growth Company	true
Entity Ex Transition Period	true
Entity Small Business	false
Entity Current Reporting Status	Yes
Entity Shell Company	false

Unaudited Condensed Consolidate

Unaudited Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Assets
Cash and cash equivalents	$ 59,440	$ 59,859
Restricted cash	49,900	37,779
Loans and finance receivables	1,227,811	1,169,407
Less: Allowance for credit losses	(148,045)	(140,040)
Loans and finance receivables held for investment, net	1,079,766	1,029,367
Property, equipment and software, net	18,584	16,700
Other assets	67,963	18,115
Total assets	1,275,653	1,161,820
Liabilities:
Accounts payable	3,673	4,011
Interest payable	2,631	2,385
Debt	870,625	816,231
Accrued expenses and other liabilities	65,775	36,708
Total liabilities	942,704	859,335
Commitments and contingencies (Note 12)
Mezzanine equity:
Redeemable noncontrolling interest	15,007	0
Stockholders’ equity:
Common stock—$0.005 par value, 1,000,000,000 shares authorized and 79,798,075 and 78,412,291 shares issued and 73,556,663 and 75,375,341 outstanding at September 30, 2019 and December 31, 2018, respectively.	404	396
Treasury stock—at cost	(16,680)	(5,656)
Additional paid-in capital	511,857	502,003
Accumulated deficit	(178,313)	(196,959)
Accumulated other comprehensive loss	(2,004)	(1,832)
Total On Deck Capital, Inc. stockholders' equity	315,264	297,952
Noncontrolling interest	2,678	4,533
Total stockholders' equity	317,942	302,485
Total liabilities, mezzanine equity and stockholders' equity	$ 1,275,653	$ 1,161,820

Unaudited Condensed Consolida_2

Unaudited Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Common stock, par value (in dollars 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)	79,798,075	78,412,291
Common stock, shares outstanding (in shares)	73,556,663	75,375,341

Unaudited Condensed Consolida_3

Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Revenue:
Interest and finance income	$ 108,211	$ 99,317	$ 319,651	$ 277,755
Other revenue	4,339	3,523	13,120	10,681
Gross revenue	112,550	102,840	332,771	288,436
Cost of revenue:
Provision for credit losses	43,096	39,102	129,338	108,688
Interest expense	11,264	11,728	33,977	35,845
Total cost of revenue	54,360	50,830	163,315	144,533
Net revenue	58,190	52,010	169,456	143,903
Operating expense:
Sales and marketing	12,261	10,845	37,528	32,875
Technology and analytics	16,277	13,418	49,764	37,224
Processing and servicing	6,670	5,302	17,768	15,564
General and administrative	16,472	13,107	46,854	46,866
Total operating expense	51,680	42,672	151,914	132,529
Income (loss) from operations, before provision for income taxes	6,510	9,338	17,542	11,374
Provision for (Benefit from) income taxes	(1,632)	0	1,904	0
Net income (loss)	8,142	9,338	15,638	11,374
Less: Net income (loss) attributable to noncontrolling interest	(542)	(272)	(3,007)	(1,807)
Net income (loss) attributable to On Deck Capital, Inc. common stockholders	$ 8,684	$ 9,610	$ 18,645	$ 13,181
Net income (loss) per share attributable to On Deck Capital, Inc. common stockholders:
Basic (in dollars per share)	$ 0.12	$ 0.13	$ 0.25	$ 0.18
Diluted (in dollars per share)	$ 0.11	$ 0.12	$ 0.24	$ 0.17
Weighted-average common shares outstanding:
Basic (in shares)	75,433,008	74,715,592	75,722,117	74,362,211
Diluted (in shares)	77,758,281	79,372,491	78,576,899	78,314,719
Comprehensive income (loss):
Net Income (loss)	$ 8,142	$ 9,338	$ 15,638	$ 11,374
Other comprehensive income (loss):
Unrealized gain (loss) on derivative instrument	215	0	(651)	0
Foreign currency translation adjustment	(577)	(306)	194	(815)
Comprehensive income (loss)	7,780	9,032	15,181	10,559
Less: Comprehensive income (loss) attributable to noncontrolling interests	(252)	(138)	(284)	(367)
Comprehensive income (loss) attributable to On Deck Capital, Inc. common stockholders	$ 8,574	$ 9,442	$ 18,472	$ 12,733

Unaudited Condensed Consolida_4

Unaudited Condensed Consolidated Statements of Changes in Equity and Redeemable Noncontrolling Interest - USD ($) $ in Thousands	Total	Total Stockholders' Equity	Common Stock	Additional Paid-in Capital	Accumulated Deficit	Treasury Stock	Accumulated Other Comprehensive Income (Loss)	Noncontrolling interest	Redeemable Noncontrolling Interest
Beginning balance (in shares) at Dec. 31, 2017			73,822,001
Beginning balance at Dec. 31, 2017	$ 264,842	$ 260,831	$ 386	$ 490,200	$ (224,047)	$ (5,656)	$ (52)	$ 4,011	$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation	3,122	3,122		3,122
Issuance of common stock through vesting of restricted stock units and option exercises (in shares)			246,130
Issuance of common stock through vesting of restricted stock units and option exercises	41	41	$ 2	39
Employee stock purchase plan (in shares)			196,360
Employee stock purchase plan	919	919	$ 1	918
Tax withholding related to vesting of restricted stock units	(118)	(118)		(118)
Currency translation adjustment	(113)	(63)					(63)	(50)
Other	(4)	(4)			(1)		(3)
Net Income (loss)	(2,576)	(2,058)			(2,058)			(518)
Ending balance (in shares) at Mar. 31, 2018			74,264,491
Ending balance at Mar. 31, 2018	266,113	262,670	$ 389	494,161	(226,106)	(5,656)	(118)	3,443	0
Beginning balance (in shares) at Dec. 31, 2017			73,822,001
Beginning balance at Dec. 31, 2017	264,842	260,831	$ 386	490,200	(224,047)	(5,656)	(52)	4,011	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Currency translation adjustment	(815)
Unrealized gain (loss) on derivative instrument	0
Ending balance (in shares) at Sep. 30, 2018			75,029,010
Ending balance at Sep. 30, 2018	288,592	283,352	$ 393	499,984	(210,866)	(5,656)	(503)	5,240	0
Beginning balance (in shares) at Dec. 31, 2017			73,822,001
Beginning balance at Dec. 31, 2017	$ 264,842	260,831	$ 386	490,200	(224,047)	(5,656)	(52)	4,011	0
Ending balance (in shares) at Dec. 31, 2018	75,375,341		75,375,341
Ending balance at Dec. 31, 2018	$ 302,485	297,952	$ 396	502,003	(196,959)	(5,656)	(1,832)	4,533	0
Beginning balance (in shares) at Mar. 31, 2018			74,264,491
Beginning balance at Mar. 31, 2018	266,113	262,670	$ 389	494,161	(226,106)	(5,656)	(118)	3,443	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation	2,712	2,712		2,712
Issuance of common stock through vesting of restricted stock units and option exercises (in shares)			376,513
Issuance of common stock through vesting of restricted stock units and option exercises	0		$ 2	(2)
Employee stock purchase plan	49	49		49
Tax withholding related to vesting of restricted stock units	(323)	(323)		(323)
Investment by noncontrolling interests	3,402							3,402
Currency translation adjustment	(395)	(216)					(216)	(179)
Net Income (loss)	4,612	5,628			5,628			(1,016)
Ending balance (in shares) at Jun. 30, 2018			74,641,004
Ending balance at Jun. 30, 2018	276,170	270,520	$ 391	496,597	(220,478)	(5,656)	(334)	5,650	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation	2,740	2,740		2,740
Issuance of common stock through vesting of restricted stock units and option exercises (in shares)			215,668
Issuance of common stock through vesting of restricted stock units and option exercises	37	37	$ 1	36
Employee stock purchase plan (in shares)			172,338
Employee stock purchase plan	972	972	$ 1	971
Tax withholding related to vesting of restricted stock units	(360)	(360)		(360)
Currency translation adjustment	(306)	(168)					(168)	(138)
Unrealized gain (loss) on derivative instrument	0
Other	1	1			2		(1)
Net Income (loss)	9,338	9,610			9,610			(272)
Ending balance (in shares) at Sep. 30, 2018			75,029,010
Ending balance at Sep. 30, 2018	$ 288,592	283,352	$ 393	499,984	(210,866)	(5,656)	(503)	5,240	0
Beginning balance (in shares) at Dec. 31, 2018	75,375,341		75,375,341
Beginning balance at Dec. 31, 2018	$ 302,485	297,952	$ 396	502,003	(196,959)	(5,656)	(1,832)	4,533	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation	2,743	2,743		2,743
Issuance of common stock through vesting of restricted stock units and option exercises (in shares)			264,364
Issuance of common stock through vesting of restricted stock units and option exercises	47	47	$ 2	45
Employee stock purchase plan (in shares)			267,688
Employee stock purchase plan	1,660	1,660	$ 1	1,659
Tax withholding related to vesting of restricted stock units	(291)	(291)		(291)
Currency translation adjustment	366	340					340	26
Unrealized gain (loss) on derivative instrument	(742)	(742)					(742)
Net Income (loss)	5,328	5,666			5,666			(338)
Ending balance (in shares) at Mar. 31, 2019			75,907,393
Ending balance at Mar. 31, 2019	$ 311,596	307,375	$ 399	506,159	(191,293)	(5,656)	(2,234)	4,221	0
Beginning balance (in shares) at Dec. 31, 2018	75,375,341		75,375,341
Beginning balance at Dec. 31, 2018	$ 302,485	297,952	$ 396	502,003	(196,959)	(5,656)	(1,832)	4,533	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Currency translation adjustment	194
Unrealized gain (loss) on derivative instrument	$ (651)
Ending balance (in shares) at Sep. 30, 2019	73,556,663		73,556,663
Ending balance at Sep. 30, 2019	$ 317,942	315,264	$ 404	511,857	(178,313)	(16,680)	(2,004)	2,678	15,007
Beginning balance (in shares) at Mar. 31, 2019			75,907,393
Beginning balance at Mar. 31, 2019	311,596	307,375	$ 399	506,159	(191,293)	(5,656)	(2,234)	4,221	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation	2,965	2,965		2,965
Issuance of common stock through vesting of restricted stock units and option exercises (in shares)			393,994
Issuance of common stock through vesting of restricted stock units and option exercises	28	28	$ 2	26
Employee stock purchase plan	335	335		335
Tax withholding related to vesting of restricted stock units	(844)	(844)		(844)
Fair value of redeemable noncontrolling interest resulting from business combination	0								16,444
Currency translation adjustment	414	463					463	(49)	(9)
Unrealized gain (loss) on derivative instrument	(124)	(124)					(124)
Other	(9)	(9)		(11)	1		1
Net Income (loss)	3,481	4,295			4,295			(814)	(1,313)
Ending balance (in shares) at Jun. 30, 2019			76,301,387
Ending balance at Jun. 30, 2019	317,842	314,484	$ 401	508,630	(186,997)	(5,656)	(1,894)	3,358	15,122
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation	2,143	2,143		2,143
Issuance of common stock through vesting of restricted stock units and option exercises (in shares)			156,456
Issuance of common stock through vesting of restricted stock units and option exercises	24	24	$ 1	23
Employee stock purchase plan (in shares)			303,282
Employee stock purchase plan	$ 1,235	1,235	$ 2	1,233
Repurchases of Common Stock (in shares)	(3,204,462)		(3,204,462)
Repurchases of Common Stock	$ (11,024)	(11,024)				(11,024)
Tax withholding related to vesting of restricted stock units	(172)	(172)		(172)
Currency translation adjustment	(577)
Currency translation adjustment	(447)	(325)					(325)	(122)	(130)
Unrealized gain (loss) on derivative instrument	215	215					215
Other									(1)
Net Income (loss)	$ 8,126	8,684			8,684			(558)	16
Ending balance (in shares) at Sep. 30, 2019	73,556,663		73,556,663
Ending balance at Sep. 30, 2019	$ 317,942	$ 315,264	$ 404	$ 511,857	$ (178,313)	$ (16,680)	$ (2,004)	$ 2,678	$ 15,007

Unaudited Condensed Consolida_5

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Cash flows from operating activities
Net Income (loss)	$ 15,638,000	$ 11,374,000
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Provision for credit losses	129,338,000	108,688,000
Depreciation and amortization	5,182,000	6,232,000
Amortization of debt issuance costs	2,297,000	5,575,000
Stock-based compensation	8,692,000	8,852,000
Amortization of net deferred origination costs	51,708,000	41,641,000
Changes in servicing rights, at fair value	69,000	223,000
Unfunded loan commitment reserve	297,000	829,000
Gain on lease termination	0	(1,481,000)
Loss on disposal of fixed assets	1,537,000	5,667,000
Amortization of intangibles	359,000	0
Changes in operating assets and liabilities:
Other assets	(10,122,000)	(7,064,000)
Accounts payable	(587,000)	2,977,000
Interest payable	249,000	(198,000)
Accrued expenses and other liabilities	2,022,000	(638,000)
Net cash provided by operating activities	206,679,000	182,677,000
Cash flows from investing activities
Purchases of property, equipment and software	(3,044,000)	(677,000)
Capitalized internal-use software	(5,159,000)	(3,738,000)
Originations of term loan, lines of credit and finance receivable, excluding rollovers into new originations	(1,556,960,000)	(1,566,889,000)
Payments of net deferred origination costs	(51,798,000)	(47,149,000)
Principal repayments of term loans, lines of credit and finance receivables	1,411,788,000	1,324,078,000
Purchase of loans	0	(801,000)
Acquisition of shares in business combination	(3,009,000)	0
Net cash used in investing activities	(208,182,000)	(295,176,000)
Cash flows from financing activities
Investments by noncontrolling interests	0	3,403,000
Tax withholding related to vesting of restricted stock units	(1,310,000)	(801,000)
Repurchases of common stock	(11,024,000)	0
Proceeds from exercise of stock options and warrants	99,000	76,000
Issuance of common stock under employee stock purchase plan	2,228,000	1,435,000
Proceeds from the issuance of debt	461,626,000	697,522,000
Payments of debt issuance costs	(3,282,000)	(5,460,000)
Repayments of debt principal	(434,704,000)	(577,586,000)
Net cash (used in) provided by financing activities	13,633,000	118,589,000
Effect of exchange rate changes on cash and cash equivalents	(428,000)	(691,000)
Net increase in cash, cash equivalents and restricted cash	11,702,000	5,399,000
Cash, cash equivalents, and restricted cash at beginning of year	97,638,000	114,824,000
Cash, cash equivalents, and restricted cash at end of period	109,340,000	120,223,000
Reconciliation to amounts on consolidated balance sheets
Total cash, cash equivalents and restricted cash	97,638,000	114,824,000
Supplemental disclosure of other cash flow information
Cash paid for interest	30,248,000	21,445,000
Supplemental disclosures of non-cash investing and financing activities
Stock-based compensation included in capitalized internal-use software	179,000	130,000
Unpaid principal balance of term loans rolled into new originations	$ 299,892,000	$ 167,687,000

Organization and Summary of Sig

Organization and Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2019
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, and additionally in Canada through merchant cash advances. 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 an issuing bank partner. We subsequently transfer most of our loan volume into one of our wholly-owned subsidiaries for financing purposes. In October 2018, we announced the launch of ODX, a wholly-owned subsidiary that helps banks digitize their small business lending process. ODX offers a combination of software, analytic insights, and professional services that allow banks to bring their small business lending process online. In April 2019, we combined our Canadian operations with Evolocity Financial Group, or Evolocity, to create a new holding company in which we own a 58.5% majority interest. We have accounted for this transaction as a business combination and have consolidated the financial position and results of operations of the holding company. The noncontrolling interest has been classified as mezzanine equity because it was deemed to be a redeemable noncontrolling interest. See Note 2 for further discussion. Basis of Presentation and Principles of Consolidation We prepare our consolidated financial statements and footnotes in accordance with accounting principles generally accepted in the United States of America, or GAAP, as contained in the Financial Accounting Standards Board, or FASB, Accounting Standards Codification, or ASC. All intercompany transactions and accounts have been eliminated in consolidation. When used in these notes to consolidated financial statements, the terms "we," "us," "our" or similar terms refer to On Deck Capital, Inc. and its consolidated subsidiaries. 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 consolidated financial statements and accompanying notes. Significant estimates include allowance for credit losses, stock-based compensation expense, capitalized software development costs, interest rate cap, the useful lives of long-lived assets, our effective income tax rate 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. Recently Adopted Accounting Standards In August 2017, the FASB issued ASU 2017-12, Derivatives and Hedging: Targeted Improvements to Accounting for Hedging Activities , which improves the financial reporting of hedging relationships to better portray the economic results of an entity's risk management activities in its financial statements and make certain targeted improvements to simplify the application of the hedge accounting guidance. The amendments in this update better align an entity's risk management activities and financial reporting for hedging relationships through changes to both the designation and measurement guidance for qualifying hedging relationships and presentation of hedge results. The effective date for the standard was for fiscal years beginning after December 15, 2018. We elected to early adopt this ASU in fiscal year 2018. See Note 10 for a discussion of our derivatives. 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 . The new standard became effective for us on January 1, 2019. In July 2018, the FASB issued ASU No. 2018-11, Leases (Topic 842): Targeted Improvements . We elected the prospective transition option provided by the ASU that would not require earlier periods to be restated upon adoption. We elected the package of practical expedients afforded under the standard which permit an entity not to: (i) reassess whether existing or expired contracts are or contain a lease, (ii) reassess the lease classification, and (iii) reassess any initial direct costs for any existing leases. Our operating lease commitments, which were primarily real estate leases, were recognized as a $37.5 million lease liability when we adopted the new standard. The balance, which is included in Other Liabilities on the Consolidated Balance Sheet, was $39.0 million at September 30, 2019. We simultaneously recognized a $37.5 million right-of-use asset when we adopted the standard. Our right-of-use asset was partially offset by $10.1 million of existing deferred rent and lease incentives resulting in a net right-of-use asset of $27.6 million which is included in Other Assets on the Consolidated Balance Sheet. Our total operating lease cost for the three months ended September 30, 2019 was $1.5 million and allocated within operating expenses. The weighted average remaining lease term was 7.2 years and we utilized a weighted average discount rate of approximately 7% . Recent Accounting Pronouncements Not Yet Adopted 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 us on January 1, 2020. Early adoption is permitted, although we do not intend to do so. We continue to assess the impact of adoption on January 1, 2020. We have substantially completed the key requirements for adoption including model development, data acquisition and economic forecasts and we have completed a parallel run of the new process. The results of those simulations indicate that the adoption of the standard will not have a material impact on our allowance for credit losses. The actual impact at adoption will depend on the outstanding balances, characteristics of our portfolio, macroeconomic conditions and forecasted information at the date of adoption. In January 2017, the FASB issued ASU 2017-04, Intangibles-Goodwill and Other: Simplifying the Test for Goodwill Impairment , which eliminates the requirement to determine the fair value of individual assets and liabilities of a reporting unit to measure goodwill impairment. Under the amendments in the new ASU, goodwill impairment testing will be performed by comparing the fair value of the reporting unit with its carrying amount and recognizing an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value. The new standard will become effective for us January 1, 2020. Early adoption is permitted, although we do not intend to do so. We are currently evaluating the impact the new standard may have on our disclosures, but we do not expect it to have a material impact. In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement, which modifies disclosure requirements for fair value measurements under ASC 820, Fair Value Measurement. The new guidance will be effective for us on January 1, 2020. We are currently evaluating the impact the new standard may have on our disclosures, but we do not expect it to have a material impact. Revision of Prior Period Financial Statements During the second quarter of 2019, we identified an immaterial error in our historical financial statements relating to the accrual of commissions on a portion of our renewal loans. The aggregate amount of the under-accrual was $2.4 million , approximately 90% of which relates to 2015 and subsequent periods, and represents less than 1% , of our total stockholders’ equity at March 31, 2019. The amount of the error in each of the impacted annual and interim periods was less than 1% of total commissions paid for such period. In accordance with the SEC’s SAB No. 99, “Materiality,” and SAB No. 108, “Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements,” we evaluated the error and concluded that the impact was not material to our financial statements for any prior annual or interim period. Accordingly, we have revised our previously reported financial information to correct the immaterial error contained in our Quarterly Report on Form 10-Q for the three-months ended and nine-months ended September 30, 2018. We will also revise previously reported financial information for this immaterial error in our future filings, as applicable. A summary of revisions to certain previously reported financial information is presented in Note 11.

Business Combination

Business Combination	9 Months Ended
	Sep. 30, 2019
Business Combinations [Abstract]
Business Combination	Business Combination On April 1, 2019, we combined our Canadian operations with Evolocity Financial Group, or Evolocity, a Montreal-based online small business lender. The purpose of the transaction was to accelerate the growth of our Canadian operations and to enable us to provide a broader range of financing options to Canadian small businesses nationwide. In the transaction, Evolocity contributed its business to a holding company, and we contributed our Canadian business plus cash to that holding company such that we own a 58.5% majority interest in the holding company. The remainder is owned by former Evolocity stockholders. We have accounted for this transaction as a business combination. The transaction has a preliminary purchase price for accounting purposes of approximately $16.7 million. Our provisional valuation of the assets acquired and liabilities assumed, including but not limited to loans, intangible assets and goodwill, is preliminary and the fair values are subject to change within the measurement period of up to one year from the business combination date. During the three and nine months ended September 30, 2019 , we recorded measurement period adjustments which resulted in an increase of $0.7 million to goodwill. Goodwill arising from the business combination is not amortized, but is subject to impairment testing at least annually or more frequently if there is an indicator of impairment. The following table summarizes the preliminary fair value of the assets acquired and liabilities assumed in connection with the business combination (in thousands): Fair Value Loans and finance receivables $ 36,763 Intangibles and other assets (1) 2,810 Debt and other liabilities (34,437 ) Goodwill (1) 11,585 Net assets acquired $ 16,721 (1) Goodwill, and Intangibles and other assets were included in Other Assets on the Consolidated Balance Sheet as of September 30, 2019. We consolidate the financial position and results of operations of the holding company. As part of this business combination, the noncontrolling interest was deemed to be a redeemable noncontrolling interest. These interests are classified as mezzanine equity and measured at the greater of fair value at the end of each reporting period or the historical cost basis of the noncontrolling interest adjusted for cumulative earnings allocations.

Net Income (Loss) Per Common Sh

Net Income (Loss) Per Common Share	9 Months Ended
	Sep. 30, 2019
Earnings Per Share [Abstract]
Net Income (Loss) Per Common Share	Net Income (Loss) Per Common Share Basic and diluted net income (loss) per common share is calculated as follows (in thousands, except share and per share data): Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Numerator: Net income (loss) $ 8,142 $ 9,338 $ 15,638 $ 11,374 Less: Net income (loss) attributable to noncontrolling interest (542 ) (272 ) (3,007 ) (1,807 ) Net income (loss) attributable to On Deck Capital, Inc. common stockholders $ 8,684 $ 9,610 $ 18,645 $ 13,181 Denominator: Weighted-average common shares outstanding, basic 75,433,008 74,715,592 75,722,117 74,362,211 Net income (loss) per common share, basic $ 0.12 $ 0.13 $ 0.25 $ 0.18 Effect of dilutive securities 2,325,273 4,656,899 2,854,782 3,952,508 Weighted-average common shares outstanding, diluted 77,758,281 79,372,491 78,576,899 78,314,719 Net income (loss) per common share, diluted $ 0.11 $ 0.12 $ 0.24 $ 0.17 Anti-dilutive securities excluded 8,184,291 3,020,562 6,628,241 5,169,484 The difference between basic and diluted net income per common share has been calculated using the Treasury Stock Method based on the assumed exercise of outstanding stock options, the vesting of restricted stock units, or RSUs, performance restricted stock units, or PRSUs, and the issuance of stock under our employee stock purchase plan. Changes in the average market price of our stock can impact when stock equivalents are considered dilutive or anti-dilutive. For example, in periods of a declining stock price, stock equivalents have a greater likelihood of being recharacterized from dilutive to anti-dilutive. The following common share equivalent securities have been included in the calculation of dilutive weighted-average common shares outstanding: Three Months Ended September 30, Nine Months Ended September 30, Dilutive Common Share Equivalents 2019 2018 2019 2018 Weighted-average common shares outstanding 75,433,008 74,715,592 75,722,117 74,362,211 RSUs and PRSUs 254,262 1,616,072 562,381 1,083,237 Stock options 2,071,011 3,040,827 2,286,727 2,869,271 Employee stock purchase plan — — 5,674 — Total dilutive common share equivalents 77,758,281 79,372,491 78,576,899 78,314,719 The following common share equivalent securities were excluded from the calculation of diluted net income per share attributable to common stockholders. Their effect would have been antidilutive for the three and nine months ended September 30, 2019 and 2018 . Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Anti-Dilutive Common Share Equivalents Warrants to purchase common stock — 22,000 — 22,000 RSUs and PRSUs 3,099,262 124,582 1,890,242 527,326 Stock options 4,498,581 2,840,298 4,151,551 4,586,476 Employee stock purchase plan 586,448 33,682 586,448 33,682 Total anti-dilutive common share equivalents 8,184,291 3,020,562 6,628,241 5,169,484 Our Board of Directors authorized the repurchase of up to $50 million of common stock with the repurchased shares to be retained as treasury stock and available for possible reissuance. Any share repurchases under the program will be made from time to time in the open market, in privately negotiated transactions or otherwise. The timing and amount of any share repurchases will be subject to market conditions and other factors as we may determine. The repurchase authorization expires August 31, 2020, however, we may suspend, modify or discontinue the program at any time in our discretion without prior notice. During the three months ended September 30, 2019 we repurchased 3,204,462 shares of common stock for $11.0 million .

Interest Income

Interest Income	9 Months Ended
	Sep. 30, 2019
Banking and Thrift, Interest [Abstract]
Interest Income	Interest Income Interest income was comprised of the following components for the three and nine months ended September 30, 2019 and 2018 (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Interest and finance income $ 124,365 $ 114,392 $ 370,599 $ 319,236 Amortization of net deferred origination costs (16,456 ) (15,109 ) (51,800 ) (41,568 ) Interest and finance income, net 107,909 99,283 318,799 277,668 Interest on deposits and investments 302 34 852 87 Total interest and finance income $ 108,211 $ 99,317 $ 319,651 $ 277,755

Loans and Finance Receivables H

Loans and Finance Receivables Held for Investment and Allowance for Credit Losses	9 Months Ended
	Sep. 30, 2019
Receivables [Abstract]
Loans and Finance Receivables Held for Investment and Allowance for Credit Losses	Loans and Finance Receivables Held for Investment and Allowance for Credit Losses Loans and finance receivables held for investment consisted of the following as of September 30, 2019 and December 31, 2018 (in thousands): September 30, 2019 December 31, 2018 Term loans $ 937,883 $ 956,755 Lines of credit 253,908 188,199 Other loans and finance receivables (1) 11,531 — Total Unpaid Principal Balance 1,203,322 1,144,954 Net deferred origination costs 24,489 24,453 Total loans and finance receivables held for investment $ 1,227,811 $ 1,169,407 (1) Includes loans secured by equipment and merchant cash advances. As part of the business combination with Evolocity, on April 1, 2019 we purchased $36.8 million of term loans and finance receivables. No other loans or finance receivables from third parties were purchased during 2019. During the nine months ended September 30, 2018 , we paid $0.8 million to purchase term loans that we previously sold to a third party. We include both loans we originate and loans funded by our issuing bank partner and later purchased by us as part of our originations. During the three months ended September 30, 2019 and 2018 we purchased loans from our issuing bank partner in the amount of $102.4 million and $112.1 million , respectively. During the nine months ended September 30, 2019 and 2018 we purchased loans from our issuing bank partner in the amount of $309.5 million and $360.6 million , respectively. The change in the allowance for credit losses for the three and nine months ended September 30, 2019 and 2018 consisted of the following (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Balance at beginning of period $ 145,739 $ 124,058 $ 140,040 $ 109,015 Recoveries of previously charged off amounts 4,652 3,306 13,089 9,857 Loans and finance receivables charged off (45,442 ) (32,822 ) (134,422 ) (93,916 ) Provision for credit losses 43,096 39,102 129,338 108,688 Allowance for credit losses at end of period $ 148,045 $ 133,644 $ 148,045 $ 133,644 When loans and finance receivables are charged off, we typically continue to attempt to recover amounts from the respective borrowers and guarantors, including, when we deem it appropriate, through formal legal action. Alternatively, we may sell previously charged-off loans to third-party debt buyers. The proceeds from these sales are recorded as a component of the recoveries of loans previously charged off. We did not sell any previously charged-off loans for the three and nine months ended September 30, 2019 . For the three and nine months ended September 30, 2018 loans sold accounted for $0.2 million and $0.9 million of recoveries of loans previously charged off. As of September 30, 2019 and December 31, 2018 , our off-balance sheet credit exposure related to undrawn line of credit balances wa s $290.3 million and $264.2 million , respectively. The related reserve on unfunded loan commitments was $6.2 million and $5.9 million as of September 30, 2019 and December 31, 2018 , respectively. Net adjustments to the liability for unfunded loan c ommitments are included in general and administrative expense. Th e following table contains information, regarding the unpaid principal balance we originated related to non-delinquent, paying and non-paying delinquent loans and finance receivables as of September 30, 2019 and December 31, 2018 (in thousands): September 30, 2019 December 31, 2018 Current loans and finance receivables $ 1,078,904 $ 1,031,449 Delinquent: paying (accrual status) 34,888 54,427 Delinquent: non-paying (non-accrual status) 89,530 59,078 Total $ 1,203,322 $ 1,144,954 The portion of the allowance for credit losses attributable to current loans and finance receivables was $71.3 million and $85.7 million as of September 30, 2019 and December 31, 2018 , respectively, while the portion of the allowance for credit losses attributable to delinquent loans and finance receivables was $76.7 million and $54.3 million as of September 30, 2019 and December 31, 2018 , respectively. The following table shows an aging analysis of the unpaid principal balance related to loans and finance receivables by delinquency statu s as of September 30, 2019 and December 31, 2018 (in thousands): September 30, 2019 December 31, 2018 By delinquency status: Current loans and finance receivables $ 1,078,904 $ 1,031,449 1-14 calendar days past due 21,951 27,655 15-29 calendar days past due 15,363 14,665 30-59 calendar days past due 22,745 21,470 60-89 calendar days past due 18,624 19,031 90 + calendar days past due 45,735 30,684 Total unpaid principal balance $ 1,203,322 $ 1,144,954

Debt

Debt	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Debt	Debt The following table summarizes our outstanding debt as of September 30, 2019 and December 31, 2018 (in thousands): Outstanding Type Maturity Date Weighted Average Interest September 30, 2019 December 31, 2018 Debt: OnDeck Asset Securitization Trust II Securitization April 2022 (1) 3.8% $ 225,000 $ 225,000 OnDeck Account Receivables Trust 2013-1 Revolving March 2022 (2) 3.9% 115,353 117,664 Receivable Assets of OnDeck, LLC Revolving September 2021 (3) 4.4% 103,432 113,631 OnDeck Asset Funding II LLC Revolving August 2022 (4) 5.1% 113,391 109,568 Prime OnDeck Receivable Trust II Revolving March 2022 (5) 4.0% 112,593 108,816 Loan Assets of OnDeck, LLC Revolving October 2022 (6) 3.9% 115,981 100,000 Corporate Debt Revolving January 2021 5.1% 20,000 — Other Agreements Various Various (7) 6.5% 71,796 47,318 4.3% 877,546 821,997 Deferred debt issuance cost (6,921 ) (5,766 ) Total Debt $ 870,625 $ 816,231 (1) The period during which new loans may be purchased under this securitization transaction expires in March 2020 . (2) The period during which new borrowings may be made under this facility expires in March 2021 . (3) The period during which new borrowings of Class A revolving loans may be made under this debt facility expires in December 2020 . The $19.7 million of Class B borrowing capacity matures in December 2019 . (4) The period during which new borrowings may be made under this facility expires in August 2021 . (5) The period during which new borrowings may be made under this facility expires in March 2021 . (6) The period during which new borrowings may be made under this debt facility expires in April 2022 . (7) Other Agreements include our local currency debt facilities in Australia and Canada. The periods during which new borrowings may be made under the various agreements expire between December 2019 and June 2021 . Maturity dates range from December 2019 through December 2022 . In October 2019 we prepaid in full and terminated a CAD $20.0 million mezzanine debt facility with a 12% interest rate. Certain of our loans held for investment are pledged as collateral for borrowings in our funding debt facilities. These loans totaled $1.1 billion and $1.0 billion as of September 30, 2019 and December 31, 2018 , respectively. Our corporate debt facility includes a blanket lien on substantially all of our assets. Recent Amendments to Debt Facilities On July 19, 2019 , we added a new lender to our corporate revolving debt facility and increased the commitment under the facility by $20 million to an aggregate commitment amount of $105 million . Neither the facility's interest rate of 1­-month LIBOR plus 3.0% nor the final maturity date in January 2021 changed. On July 2, 2019, we amended our Australian debt facility. The commitment increased from AUD $75 million to AUD $150 million . The period during which new borrowings may be made under this facility expires in June 2021 and the final maturity is in December 2021.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	9 Months Ended
	Sep. 30, 2019
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 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. Our interest rate cap is reported at fair value utilizing Level 2 inputs. The fair value is determined using third party valuations that are based on discounted cash flow analysis using observed market inputs. The following tables present information about our assets and liabilities that are measured at fair value on a recurring basis as of September 30, 2019 and December 31, 2018 (in thousands): September 30, 2019 Level 1 Level 2 Level 3 Total Assets : Interest rate cap — 6 — 6 Total assets $ — $ 6 $ — $ 6 December 31, 2018 Level 1 Level 2 Level 3 Total Assets : Interest rate cap $ — $ 1,253 $ — $ 1,253 Total assets $ — $ 1,253 $ — $ 1,253 There were no transfers between levels for the three months ended September 30, 2019 and December 31, 2018 . Assets and Liabilities Disclosed at Fair Value Because our loans and finance receivables and fixed-rate debt are not measured at fair value, we are required to disclose their fair value in accordance with ASC 825. Due to the lack of transparency and comparable loans and finance receivables, 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 summarize the carrying value and fair value of our loans held for investment and fixed-rate debt (in thousands): September 30, 2019 Carrying Value Fair Value Level 1 Level 2 Level 3 Assets : Loans and finance receivables, net $ 1,079,766 $ 1,212,824 $ — $ — $ 1,212,824 Total assets $ 1,079,766 $ 1,212,824 $ — $ — $ 1,212,824 Liabilities: Fixed-rate debt $ 240,105 $ 234,532 $ — $ — $ 234,532 Total fixed-rate debt $ 240,105 $ 234,532 $ — $ — $ 234,532 December 31, 2018 Carrying Value Fair Value Level 1 Level 2 Level 3 Assets : Loans and finance receivables, net $ 1,029,367 $ 1,155,464 $ — $ — $ 1,155,464 Total assets $ 1,029,367 $ 1,155,464 $ — $ — $ 1,155,464 Liabilities: Fixed-rate debt $ 232,972 $ 226,965 $ — $ — $ 226,965 Total fixed-rate debt $ 232,972 $ 226,965 $ — $ — $ 226,965

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes For interim periods, the income tax provision is comprised of tax on ordinary income provided at the most recent estimated annual effective tax rate, adjusted for the tax effect of discrete items. We use an estimated annual effective tax rate which is based on expected annual income and statutory tax rates to determine our quarterly provision for income taxes. Certain significant or unusual items are separately recognized in the quarter in which they occur and can be a source of variability in the effective tax rates from quarter to quarter. Our provision for (benefit from) income taxes for the three and nine months ended September 30, 2019 was $(1.6) million and $1.9 million , respectively, representing a quarterly effective income tax rate of (25)% for the three months ended September 30, 2019 and a year to date effective income tax rate of 11% . We recorded a tax benefit in the third quarter of 2019 due to a $2.8 million discrete tax benefit related to a Research and Development tax credit for the years 2010 to 2018. The effective income tax rate for the full year 2018 was 0% due to the availability of net operating loss carryforwards. A valuation allowance of $37.6 million was recorded against our net deferred tax assets of approximately $ 44.4 million as of September 30, 2019.

Stock-Based Compensation and Em

Stock-Based Compensation and Employee Benefit Plans	9 Months Ended
	Sep. 30, 2019
Share-based Payment Arrangement [Abstract]
Stock-Based Compensation and Employee Benefit Plans	Stock-Based Compensation and Employee Benefit Plans Options The following is a summary of option activity for the nine months ended September 30, 2019 : Number of Weighted- Weighted- Aggregate Outstanding at January 1, 2019 7,932,782 $ 5.86 — — Exercised (456,256 ) $ 2.30 — — Expired (535,557 ) $ 11.21 — — Outstanding at September 30, 2019 6,940,969 $ 5.68 5.3 $ 6,810 Exercisable at September 30, 2019 6,124,370 $ 5.68 4.9 $ 6,810 Vested or expected to vest as of September 30, 2019 6,898,053 $ 5.68 5.3 $ 6,810 Total compensation cost related to nonvested option awards not yet recognized as of September 30, 2019 was $1.6 million and will be recognized over a weighted-average period of 2.0 years . The aggregate intrinsic value of employee options exercised during the nine months ended September 30, 2019 and 2018 was $1.6 million and $2.9 million , respectively. Restricted Stock Units The following table is a summary of activity in RSUs and PRSUs for the nine months ended September 30, 2019 : Number of RSUs and PRSUs Weighted-Average Grant Date Fair Value Per Share Unvested at January 1, 2019 3,307,561 $ 6.00 RSUs and PRSUs granted 2,491,789 $ 5.22 RSUs and PRSUs vested (729,174 ) $ 6.97 RSUs and PRSUs forfeited/expired (519,932 ) $ 5.87 Unvested at September 30, 2019 4,550,244 $ 5.43 Expected to vest after September 30, 2019 3,688,130 $ 5.46 As of September 30, 2019 , there was $15 million of unrecognized compensation cost related to unvested RSUs and PRSUs, which is expected to be recognized over a weighted-average period of 2.7 years . Stock-based compensation expense related to stock options, RSUs, PRSUs and the employee stock purchase plan are included in the following line items in our accompanying consolidated statements of operations for the three months and nine months ended September 30, 2019 and 2018 (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Sales and marketing $ 334 $ 452 $ 1,367 $ 1,492 Technology and analytics 692 621 2,409 1,874 Processing and servicing 199 77 338 278 General and administrative 1,136 1,698 4,578 5,208 Total $ 2,361 $ 2,848 $ 8,692 $ 8,852

Derivatives and Hedging

Derivatives and Hedging	9 Months Ended
	Sep. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives and Hedging	Derivatives and Hedging We are subject to interest rate risk in connection with borrowings under our debt agreements which are subject to variable interest rates. In December 2018 we entered into an interest rate cap, which is a derivative instrument, to manage our interest rate risk on a portion of our variable-rate debt. We do not use derivatives for speculative purposes. The interest rate cap is designated as a cash flow hedge. In exchange for our up-front premium, we would receive variable amounts from a counterparty if interest rates rise above the strike rate on the contract. The interest rate cap agreement is for a notional amount of $300 million and has a maturity date of January 2021. For derivatives designated and that qualify as cash flow hedges of interest rate risk, the changes in the fair value of the derivative are recorded in Accumulated Other Comprehensive Income, or AOCI, and subsequently reclassified into interest expense in the same period(s) during which the hedged transaction affects earnings. Gains and losses on the derivative representing hedge components excluded from the assessment of effectiveness are recognized over the life of the hedge on a systematic and rational basis, as documented at hedge inception in accordance with our accounting policy election. The earnings recognition of excluded components is presented in interest expense. Amounts reported in AOCI related to derivatives will be reclassified to interest expense as interest payments are made on our variable-rate debt. We estimate that $ 1.0 million will be reclassified as an increase to interest expense over the next 12 months. The table below presents the fair value of our derivative financial instruments as well as their classification on the Balance Sheet as of September 30, 2019 and December 31, 2018 (in thousands): Derivative Type Classification September 30, 2019 December 31, 2018 Assets: Interest rate cap agreement Other Assets $ 6 $ 1,253 The table below presents the effect of cash flow hedge accounting on AOCI as of September 30, 2019 and December 31, 2018 (in thousands): September 30, 2019 December 31, 2018 Amount Recognized in OCI on Derivative: Interest rate cap agreement $ 651 $ 456 The table below presents the effect of our derivative financial instruments on the Consolidated Statements of Operations and Comprehensive Income for the three and nine months ended September 30, 2019 and 2018 (in thousands): Location and Amount of Gain or (Loss) Recognized in Income on Cash Flow Hedging Relationships Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Interest expense $ (250 ) $ — $ (588 ) $ —

Revisions of Prior Period Finan

Revisions of Prior Period Financial Statements	9 Months Ended
	Sep. 30, 2019
Accounting Changes and Error Corrections [Abstract]
Revisions of Prior Period Financial Statements	Revision of Prior Period Financial Statements During the second quarter of 2019, we revised prior period financial statements to correct an immaterial error related to the channel attribution of certain loans and the commissions associated with those loans. Commissions become due upon the closing of a loan. Those commissions are capitalized as a component of the loan balance and are amortized as an adjustment to interest income over the life of the loan. A summary of those revisions is as follows: Revised Consolidated Balance Sheet as of December 31, 2018 (in thousands): As Reported Adjustment As Revised Loans and finance receivables $ 1,169,157 $ 250 $ 1,169,407 Total assets $ 1,161,570 $ 250 $ 1,161,820 Accrued expenses and other liabilities $ 34,654 $ 2,054 $ 36,708 Total liabilities $ 857,281 $ 2,054 $ 859,335 Accumulated deficit $ (195,155 ) $ (1,804 ) $ (196,959 ) Total On Deck Capital, Inc. stockholders' equity $ 299,756 $ (1,804 ) $ 297,952 Total stockholders' equity $ 304,289 $ (1,804 ) $ 302,485 Revised Consolidated Statements of Operations and Comprehensive Income (in thousands): Three Months Ended September 30, 2018 Nine Months Ended September 30, 2018 As Reported Adjustment As Revised As Reported Adjustment As Revised Interest and finance income $99,476 $(159) $99,317 $278,216 $(461) $277,755 Gross revenue $102,999 $(159) $102,840 $288,897 $(461) $288,436 Net revenue $52,169 (1) $(159) $52,010 $144,364 (1) $(461) $143,903 Income (loss) from operations, before provision for income taxes $9,497 (1) $(159) $9,338 $11,835 (1) $(461) $11,374 Net income (loss) $9,497 $(159) $9,338 $11,835 $(461) $11,374 (1) Includes a prior period reclassification to include interest expense as funding costs. There was no impact to earnings per share for any period presented. Revised Consolidated Statements of Cash Flows We revised our condensed consolidated statement of cash flows for the nine months ended September 30, 2018 to reflect the correction of the error, which had no impact to net cash provided by operating activities, net cash used in investing activities and net cash provided by financing activities in the period.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2019
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. We are exposed to default risk on loans we originate and hold and that we purchase from our issuing bank partner. We perform an evaluation of each customer's financial condition and during the term of the customer's loan(s), we have the contractual right to limit a customer's ability to take working capital loans or other financing from other lenders that may cause a material adverse change in the financial condition of the customer. Contingencies We are involved in lawsuits, claims and proceedings incidental to the ordinary course of our business. We review the need for any loss contingency accruals and establishes an accrual when, in the opinion of management, it is probable that a matter would result in liability, and the amount of loss, if any, can be reasonably estimated. When and to the extent that we do establish a reserve, there can be no assurance that any such recorded liability for estimated losses will be for the appropriate amount, and actual losses could be higher or lower than what we accrue from time to time. We believe that the ultimate resolution of its current matters will not have a material adverse effect on our condensed consolidated financial statements.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2019
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Subsequent to September 30, 2019, we repurchased approximately 5.9 million shares of our common stock for an aggregate purchase price of approximately $26.4 million under our previously announced $50 million share repurchase program. Those subsequent activities included a 4,054,250 share block we repurchased for approximately $18.6 million on November 5, 2019 from an institutional investor in a transaction the seller initiated. Prior to that transaction, the seller had beneficially owned more than 5% of our outstanding common stock.

Organization and Summary of S_2

Organization and Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
Basis of Presentation and Principles of Consolidation	Basis of Presentation and Principles of Consolidation We prepare our consolidated financial statements and footnotes in accordance with accounting principles generally accepted in the United States of America, or GAAP, as contained in the Financial Accounting Standards Board, or FASB, Accounting Standards Codification, or ASC. All intercompany transactions and accounts have been eliminated in consolidation.
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 consolidated financial statements and accompanying notes. Significant estimates include allowance for credit losses, stock-based compensation expense, capitalized software development costs, interest rate cap, the useful lives of long-lived assets, our effective income tax rate 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.
Recently Adopted Accounting Standards and Recently Adopted Accounting Standards and Recent Accounting Pronouncements Not Yet Adopted	Recently Adopted Accounting Standards In August 2017, the FASB issued ASU 2017-12, Derivatives and Hedging: Targeted Improvements to Accounting for Hedging Activities , which improves the financial reporting of hedging relationships to better portray the economic results of an entity's risk management activities in its financial statements and make certain targeted improvements to simplify the application of the hedge accounting guidance. The amendments in this update better align an entity's risk management activities and financial reporting for hedging relationships through changes to both the designation and measurement guidance for qualifying hedging relationships and presentation of hedge results. The effective date for the standard was for fiscal years beginning after December 15, 2018. We elected to early adopt this ASU in fiscal year 2018. See Note 10 for a discussion of our derivatives. 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 . The new standard became effective for us on January 1, 2019. In July 2018, the FASB issued ASU No. 2018-11, Leases (Topic 842): Targeted Improvements . We elected the prospective transition option provided by the ASU that would not require earlier periods to be restated upon adoption. We elected the package of practical expedients afforded under the standard which permit an entity not to: (i) reassess whether existing or expired contracts are or contain a lease, (ii) reassess the lease classification, and (iii) reassess any initial direct costs for any existing leases. Our operating lease commitments, which were primarily real estate leases, were recognized as a $37.5 million lease liability when we adopted the new standard. The balance, which is included in Other Liabilities on the Consolidated Balance Sheet, was $39.0 million at September 30, 2019. We simultaneously recognized a $37.5 million right-of-use asset when we adopted the standard. Our right-of-use asset was partially offset by $10.1 million of existing deferred rent and lease incentives resulting in a net right-of-use asset of $27.6 million which is included in Other Assets on the Consolidated Balance Sheet. Our total operating lease cost for the three months ended September 30, 2019 was $1.5 million and allocated within operating expenses. The weighted average remaining lease term was 7.2 years and we utilized a weighted average discount rate of approximately 7% . Recent Accounting Pronouncements Not Yet Adopted 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 us on January 1, 2020. Early adoption is permitted, although we do not intend to do so. We continue to assess the impact of adoption on January 1, 2020. We have substantially completed the key requirements for adoption including model development, data acquisition and economic forecasts and we have completed a parallel run of the new process. The results of those simulations indicate that the adoption of the standard will not have a material impact on our allowance for credit losses. The actual impact at adoption will depend on the outstanding balances, characteristics of our portfolio, macroeconomic conditions and forecasted information at the date of adoption. In January 2017, the FASB issued ASU 2017-04, Intangibles-Goodwill and Other: Simplifying the Test for Goodwill Impairment , which eliminates the requirement to determine the fair value of individual assets and liabilities of a reporting unit to measure goodwill impairment. Under the amendments in the new ASU, goodwill impairment testing will be performed by comparing the fair value of the reporting unit with its carrying amount and recognizing an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value. The new standard will become effective for us January 1, 2020. Early adoption is permitted, although we do not intend to do so. We are currently evaluating the impact the new standard may have on our disclosures, but we do not expect it to have a material impact. In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement, which modifies disclosure requirements for fair value measurements under ASC 820, Fair Value Measurement. The new guidance will be effective for us on January 1, 2020. We are currently evaluating the impact the new standard may have on our disclosures, but we do not expect it to have a material impact.
Fair Value of Financial Instruments	Because our loans and finance receivables and fixed-rate debt are not measured at fair value, we are required to disclose their fair value in accordance with ASC 825. Due to the lack of transparency and comparable loans and finance receivables, 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. 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.

Business Combination (Tables)

Business Combination (Tables)	9 Months Ended
	Sep. 30, 2019
Business Combinations [Abstract]
Schedule of Business Acquisition, Fair Value of Assets Acquired and Liabilities Assumed	The following table summarizes the preliminary fair value of the assets acquired and liabilities assumed in connection with the business combination (in thousands): Fair Value Loans and finance receivables $ 36,763 Intangibles and other assets (1) 2,810 Debt and other liabilities (34,437 ) Goodwill (1) 11,585 Net assets acquired $ 16,721 (1) Goodwill, and Intangibles and other assets were included in Other Assets on the Consolidated Balance Sheet as of September 30, 2019.

Net Income (Loss) Per Common _2

Net Income (Loss) Per Common Share (Tables)	9 Months Ended
	Sep. 30, 2019
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	Basic and diluted net income (loss) per common share is calculated as follows (in thousands, except share and per share data): Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Numerator: Net income (loss) $ 8,142 $ 9,338 $ 15,638 $ 11,374 Less: Net income (loss) attributable to noncontrolling interest (542 ) (272 ) (3,007 ) (1,807 ) Net income (loss) attributable to On Deck Capital, Inc. common stockholders $ 8,684 $ 9,610 $ 18,645 $ 13,181 Denominator: Weighted-average common shares outstanding, basic 75,433,008 74,715,592 75,722,117 74,362,211 Net income (loss) per common share, basic $ 0.12 $ 0.13 $ 0.25 $ 0.18 Effect of dilutive securities 2,325,273 4,656,899 2,854,782 3,952,508 Weighted-average common shares outstanding, diluted 77,758,281 79,372,491 78,576,899 78,314,719 Net income (loss) per common share, diluted $ 0.11 $ 0.12 $ 0.24 $ 0.17 Anti-dilutive securities excluded 8,184,291 3,020,562 6,628,241 5,169,484
Schedule of Earnings Per Share, Diluted, by Common Class, Including Two Class Method	The following common share equivalent securities have been included in the calculation of dilutive weighted-average common shares outstanding: Three Months Ended September 30, Nine Months Ended September 30, Dilutive Common Share Equivalents 2019 2018 2019 2018 Weighted-average common shares outstanding 75,433,008 74,715,592 75,722,117 74,362,211 RSUs and PRSUs 254,262 1,616,072 562,381 1,083,237 Stock options 2,071,011 3,040,827 2,286,727 2,869,271 Employee stock purchase plan — — 5,674 — Total dilutive common share equivalents 77,758,281 79,372,491 78,576,899 78,314,719
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	The following common share equivalent securities were excluded from the calculation of diluted net income per share attributable to common stockholders. Their effect would have been antidilutive for the three and nine months ended September 30, 2019 and 2018 . Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Anti-Dilutive Common Share Equivalents Warrants to purchase common stock — 22,000 — 22,000 RSUs and PRSUs 3,099,262 124,582 1,890,242 527,326 Stock options 4,498,581 2,840,298 4,151,551 4,586,476 Employee stock purchase plan 586,448 33,682 586,448 33,682 Total anti-dilutive common share equivalents 8,184,291 3,020,562 6,628,241 5,169,484

Interest Income (Tables)

Interest Income (Tables)	9 Months Ended
	Sep. 30, 2019
Banking and Thrift, Interest [Abstract]
Summary of Interest Income	Interest income was comprised of the following components for the three and nine months ended September 30, 2019 and 2018 (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Interest and finance income $ 124,365 $ 114,392 $ 370,599 $ 319,236 Amortization of net deferred origination costs (16,456 ) (15,109 ) (51,800 ) (41,568 ) Interest and finance income, net 107,909 99,283 318,799 277,668 Interest on deposits and investments 302 34 852 87 Total interest and finance income $ 108,211 $ 99,317 $ 319,651 $ 277,755

Loans and Finance Receivables_2

Loans and Finance Receivables Held for Investment and Allowance for Credit Losses (Tables)	9 Months Ended
	Sep. 30, 2019
Receivables [Abstract]
Schedule of Loans	Loans and finance receivables held for investment consisted of the following as of September 30, 2019 and December 31, 2018 (in thousands): September 30, 2019 December 31, 2018 Term loans $ 937,883 $ 956,755 Lines of credit 253,908 188,199 Other loans and finance receivables (1) 11,531 — Total Unpaid Principal Balance 1,203,322 1,144,954 Net deferred origination costs 24,489 24,453 Total loans and finance receivables held for investment $ 1,227,811 $ 1,169,407 (1) Includes loans secured by equipment and merchant cash advances.
Schedule of Allowance for Loan Losses	The change in the allowance for credit losses for the three and nine months ended September 30, 2019 and 2018 consisted of the following (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Balance at beginning of period $ 145,739 $ 124,058 $ 140,040 $ 109,015 Recoveries of previously charged off amounts 4,652 3,306 13,089 9,857 Loans and finance receivables charged off (45,442 ) (32,822 ) (134,422 ) (93,916 ) Provision for credit losses 43,096 39,102 129,338 108,688 Allowance for credit losses at end of period $ 148,045 $ 133,644 $ 148,045 $ 133,644
Schedule of Non-delinquent and Delinquent Loans	Th e following table contains information, regarding the unpaid principal balance we originated related to non-delinquent, paying and non-paying delinquent loans and finance receivables as of September 30, 2019 and December 31, 2018 (in thousands): September 30, 2019 December 31, 2018 Current loans and finance receivables $ 1,078,904 $ 1,031,449 Delinquent: paying (accrual status) 34,888 54,427 Delinquent: non-paying (non-accrual status) 89,530 59,078 Total $ 1,203,322 $ 1,144,954 The following table shows an aging analysis of the unpaid principal balance related to loans and finance receivables by delinquency statu s as of September 30, 2019 and December 31, 2018 (in thousands): September 30, 2019 December 31, 2018 By delinquency status: Current loans and finance receivables $ 1,078,904 $ 1,031,449 1-14 calendar days past due 21,951 27,655 15-29 calendar days past due 15,363 14,665 30-59 calendar days past due 22,745 21,470 60-89 calendar days past due 18,624 19,031 90 + calendar days past due 45,735 30,684 Total unpaid principal balance $ 1,203,322 $ 1,144,954

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Summary of Outstanding Debt	The following table summarizes our outstanding debt as of September 30, 2019 and December 31, 2018 (in thousands): Outstanding Type Maturity Date Weighted Average Interest September 30, 2019 December 31, 2018 Debt: OnDeck Asset Securitization Trust II Securitization April 2022 (1) 3.8% $ 225,000 $ 225,000 OnDeck Account Receivables Trust 2013-1 Revolving March 2022 (2) 3.9% 115,353 117,664 Receivable Assets of OnDeck, LLC Revolving September 2021 (3) 4.4% 103,432 113,631 OnDeck Asset Funding II LLC Revolving August 2022 (4) 5.1% 113,391 109,568 Prime OnDeck Receivable Trust II Revolving March 2022 (5) 4.0% 112,593 108,816 Loan Assets of OnDeck, LLC Revolving October 2022 (6) 3.9% 115,981 100,000 Corporate Debt Revolving January 2021 5.1% 20,000 — Other Agreements Various Various (7) 6.5% 71,796 47,318 4.3% 877,546 821,997 Deferred debt issuance cost (6,921 ) (5,766 ) Total Debt $ 870,625 $ 816,231 (1) The period during which new loans may be purchased under this securitization transaction expires in March 2020 . (2) The period during which new borrowings may be made under this facility expires in March 2021 . (3) The period during which new borrowings of Class A revolving loans may be made under this debt facility expires in December 2020 . The $19.7 million of Class B borrowing capacity matures in December 2019 . (4) The period during which new borrowings may be made under this facility expires in August 2021 . (5) The period during which new borrowings may be made under this facility expires in March 2021 . (6) The period during which new borrowings may be made under this debt facility expires in April 2022 . (7) Other Agreements include our local currency debt facilities in Australia and Canada. The periods during which new borrowings may be made under the various agreements expire between December 2019 and June 2021 . Maturity dates range from December 2019 through December 2022 . In October 2019 we prepaid in full and terminated a CAD $20.0 million mezzanine debt facility with a 12% interest rate.

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2019
Fair Value Disclosures [Abstract]
Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis	The following tables present information about our assets and liabilities that are measured at fair value on a recurring basis as of September 30, 2019 and December 31, 2018 (in thousands): September 30, 2019 Level 1 Level 2 Level 3 Total Assets : Interest rate cap — 6 — 6 Total assets $ — $ 6 $ — $ 6 December 31, 2018 Level 1 Level 2 Level 3 Total Assets : Interest rate cap $ — $ 1,253 $ — $ 1,253 Total assets $ — $ 1,253 $ — $ 1,253
Schedule of Assets and Liabilities Disclosed at Fair Value	The following tables summarize the carrying value and fair value of our loans held for investment and fixed-rate debt (in thousands): September 30, 2019 Carrying Value Fair Value Level 1 Level 2 Level 3 Assets : Loans and finance receivables, net $ 1,079,766 $ 1,212,824 $ — $ — $ 1,212,824 Total assets $ 1,079,766 $ 1,212,824 $ — $ — $ 1,212,824 Liabilities: Fixed-rate debt $ 240,105 $ 234,532 $ — $ — $ 234,532 Total fixed-rate debt $ 240,105 $ 234,532 $ — $ — $ 234,532 December 31, 2018 Carrying Value Fair Value Level 1 Level 2 Level 3 Assets : Loans and finance receivables, net $ 1,029,367 $ 1,155,464 $ — $ — $ 1,155,464 Total assets $ 1,029,367 $ 1,155,464 $ — $ — $ 1,155,464 Liabilities: Fixed-rate debt $ 232,972 $ 226,965 $ — $ — $ 226,965 Total fixed-rate debt $ 232,972 $ 226,965 $ — $ — $ 226,965

Stock-Based Compensation and _2

Stock-Based Compensation and Employee Benefit Plans (Tables)	9 Months Ended
	Sep. 30, 2019
Share-based Payment Arrangement [Abstract]
Summary of Option Activity	The following is a summary of option activity for the nine months ended September 30, 2019 : Number of Weighted- Weighted- Aggregate Outstanding at January 1, 2019 7,932,782 $ 5.86 — — Exercised (456,256 ) $ 2.30 — — Expired (535,557 ) $ 11.21 — — Outstanding at September 30, 2019 6,940,969 $ 5.68 5.3 $ 6,810 Exercisable at September 30, 2019 6,124,370 $ 5.68 4.9 $ 6,810 Vested or expected to vest as of September 30, 2019 6,898,053 $ 5.68 5.3 $ 6,810
Schedule of Activities of RSUs	The following table is a summary of activity in RSUs and PRSUs for the nine months ended September 30, 2019 : Number of RSUs and PRSUs Weighted-Average Grant Date Fair Value Per Share Unvested at January 1, 2019 3,307,561 $ 6.00 RSUs and PRSUs granted 2,491,789 $ 5.22 RSUs and PRSUs vested (729,174 ) $ 6.97 RSUs and PRSUs forfeited/expired (519,932 ) $ 5.87 Unvested at September 30, 2019 4,550,244 $ 5.43 Expected to vest after September 30, 2019 3,688,130 $ 5.46
Schedule of Stock-based Compensation Expense	Stock-based compensation expense related to stock options, RSUs, PRSUs and the employee stock purchase plan are included in the following line items in our accompanying consolidated statements of operations for the three months and nine months ended September 30, 2019 and 2018 (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Sales and marketing $ 334 $ 452 $ 1,367 $ 1,492 Technology and analytics 692 621 2,409 1,874 Processing and servicing 199 77 338 278 General and administrative 1,136 1,698 4,578 5,208 Total $ 2,361 $ 2,848 $ 8,692 $ 8,852

Derivatives and Hedging (Tables

Derivatives and Hedging (Tables)	9 Months Ended
	Sep. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	The table below presents the fair value of our derivative financial instruments as well as their classification on the Balance Sheet as of September 30, 2019 and December 31, 2018 (in thousands): Derivative Type Classification September 30, 2019 December 31, 2018 Assets: Interest rate cap agreement Other Assets $ 6 $ 1,253
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss)	The table below presents the effect of cash flow hedge accounting on AOCI as of September 30, 2019 and December 31, 2018 (in thousands): September 30, 2019 December 31, 2018 Amount Recognized in OCI on Derivative: Interest rate cap agreement $ 651 $ 456
Derivative Instruments, Gain (Loss)	The table below presents the effect of our derivative financial instruments on the Consolidated Statements of Operations and Comprehensive Income for the three and nine months ended September 30, 2019 and 2018 (in thousands): Location and Amount of Gain or (Loss) Recognized in Income on Cash Flow Hedging Relationships Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Interest expense $ (250 ) $ — $ (588 ) $ —

Revisions of Prior Period Fin_2

Revisions of Prior Period Financial Statements (Tables)	9 Months Ended
	Sep. 30, 2019
Accounting Changes and Error Corrections [Abstract]
Schedule of Error Corrections and Prior Period Adjustments	A summary of those revisions is as follows: Revised Consolidated Balance Sheet as of December 31, 2018 (in thousands): As Reported Adjustment As Revised Loans and finance receivables $ 1,169,157 $ 250 $ 1,169,407 Total assets $ 1,161,570 $ 250 $ 1,161,820 Accrued expenses and other liabilities $ 34,654 $ 2,054 $ 36,708 Total liabilities $ 857,281 $ 2,054 $ 859,335 Accumulated deficit $ (195,155 ) $ (1,804 ) $ (196,959 ) Total On Deck Capital, Inc. stockholders' equity $ 299,756 $ (1,804 ) $ 297,952 Total stockholders' equity $ 304,289 $ (1,804 ) $ 302,485 Revised Consolidated Statements of Operations and Comprehensive Income (in thousands): Three Months Ended September 30, 2018 Nine Months Ended September 30, 2018 As Reported Adjustment As Revised As Reported Adjustment As Revised Interest and finance income $99,476 $(159) $99,317 $278,216 $(461) $277,755 Gross revenue $102,999 $(159) $102,840 $288,897 $(461) $288,436 Net revenue $52,169 (1) $(159) $52,010 $144,364 (1) $(461) $143,903 Income (loss) from operations, before provision for income taxes $9,497 (1) $(159) $9,338 $11,835 (1) $(461) $11,374 Net income (loss) $9,497 $(159) $9,338 $11,835 $(461) $11,374 (1) Includes a prior period reclassification to include interest expense as funding costs.

Organization and Summary of S_3

Organization and Summary of Significant Accounting Policies (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Apr. 01, 2019	Mar. 31, 2019	Jan. 01, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease, liability	$ 39
Operating lease, right-of-use asset					$ 27.6
Deferred rent and lease incentives					10.1
Operating lease, cost	$ 1.5
Operating lease, weighted average remaining lease term	7 years 2 months
Operating lease, weighted average discount rate, percent	7.00%
Accounting Standards Update 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease, liability					37.5
Operating lease, right-of-use asset					$ 37.5
On Deck Capital Canada
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Ownership percentage			58.50%
Restatement Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Under accrual of commissions on renewal loans		$ 2.4
Under accrual of commissions on renewal loans, percent		90.00%
Under accrual of commissions on renewal loans, portion of Stockholders' Equity, percent				1.00%
Under accrual of commissions on renewal loans, portion of commissions paid, percent				1.00%

Business Combination (Narrative

Business Combination (Narrative) (Details) - On Deck Capital Canada - USD ($) $ in Thousands	Apr. 01, 2019	Sep. 30, 2019	Sep. 30, 2019
Business Acquisition [Line Items]
Ownership percentage	58.50%
Purchase price	$ 16,700
Increase in goodwill		$ 700	$ 700
Loans and finance receivables	36,763
Intangibles and other assets	2,810
Debt and other liabilities	(34,437)
Goodwill	11,585
Net assets acquired	$ 16,721

Net Income (Loss) Per Common _3

Net Income (Loss) Per Common Share (Basic and Diluted Net Loss per Common Share) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Numerator:
Net income (loss)	$ 8,142	$ 9,338	$ 15,638	$ 11,374
Less: Net income (loss) attributable to noncontrolling interest	(542)	(272)	(3,007)	(1,807)
Net income (loss) attributable to On Deck Capital, Inc. common stockholders	$ 8,684	$ 9,610	$ 18,645	$ 13,181
Denominator:
Weighted-average common shares outstanding, basic (in shares)	75,433,008	74,715,592	75,722,117	74,362,211
Net income (loss) per common share, basic (in dollars per share)	$ 0.12	$ 0.13	$ 0.25	$ 0.18
Effect of dilutive securities (in shares)	2,325,273	4,656,899	2,854,782	3,952,508
Weighted-average common shares outstanding, diluted (in shares)	77,758,281	79,372,491	78,576,899	78,314,719
Net income (loss) per common share, diluted (in dollars per share)	$ 0.11	$ 0.12	$ 0.24	$ 0.17
Anti-dilutive securities excluded (in shares)	8,184,291	3,020,562	6,628,241	5,169,484

Net Income (Loss) Per Common _4

Net Income (Loss) Per Common Share (Dilutive Common Share Equivalents) (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Weighted-average common shares outstanding, basic (in shares)	75,433,008	74,715,592	75,722,117	74,362,211
Effect of dilutive securities (in shares)	2,325,273	4,656,899	2,854,782	3,952,508
Weighted-average common shares outstanding, diluted (in shares)	77,758,281	79,372,491	78,576,899	78,314,719
RSUs and PRSUs
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Effect of dilutive securities (in shares)	254,262	1,616,072	562,381	1,083,237
Stock options
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Effect of dilutive securities (in shares)	2,071,011	3,040,827	2,286,727	2,869,271
Employee stock purchase plan
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Effect of dilutive securities (in shares)	0	0	5,674	0

Net Income (Loss) Per Common _5

Net Income (Loss) Per Common Share (Anti-Dilutive Common Share Equivalents) (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded (in shares)	8,184,291	3,020,562	6,628,241	5,169,484
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded (in shares)	4,498,581	2,840,298	4,151,551	4,586,476
Warrants to purchase common stock | Warrants to purchase common stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded (in shares)	0	22,000	0	22,000
RSUs and PRSUs
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded (in shares)	3,099,262	124,582	1,890,242	527,326
Employee stock purchase plan
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded (in shares)	586,448	33,682	586,448	33,682

Net Income (Loss) Per Common _6

Net Income (Loss) Per Common Share (Narrative) (Details)	3 Months Ended
	Sep. 30, 2019USD ($)shares
Earnings Per Share [Abstract]
Stock repurchase program, authorized amount	$ 50,000,000
Repurchases of common stock (in shares) | shares	3,204,462
Repurchases of common stock	$ 11,024,000

Interest Income (Details)

Interest Income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Banking and Thrift, Interest [Abstract]
Interest and finance income	$ 124,365	$ 114,392	$ 370,599	$ 319,236
Amortization of net deferred origination costs	(16,456)	(15,109)	(51,800)	(41,568)
Interest and finance income, net	107,909	99,283	318,799	277,668
Interest on deposits and investments	302	34	852	87
Total interest and finance income	$ 108,211	$ 99,317	$ 319,651	$ 277,755

Loans and Finance Receivables_3

Loans and Finance Receivables Held for Investment and Allowance for Credit Losses (Loans) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total unpaid principal balance	$ 1,203,322	$ 1,144,954
Net deferred origination costs	24,489	24,453
Total loans and finance receivables held for investment	1,227,811	1,169,407
Term loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total unpaid principal balance	937,883	956,755
Lines of credit
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total unpaid principal balance	253,908	188,199
Other loans and finance receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total unpaid principal balance	$ 11,531	$ 0

Loans and Finance Receivables_4

Loans and Finance Receivables Held for Investment and Allowance for Credit Losses (Narrative) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Apr. 01, 2019	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and finance receivables	$ 1,227,811,000		$ 1,227,811,000			$ 1,169,407,000
Originations of loans held for investment, modified			0	$ 801,000
Proceeds from sale of previously charged-off loans	0	$ 200,000	0	900,000
Allowance for loan losses for non-delinquent loans	71,300,000		71,300,000			85,700,000
Allowance for loan losses for delinquent loans	76,700,000		76,700,000			54,300,000
Unused lines of Credit
Accounts, Notes, Loans and Financing Receivable [Line Items]
Off-balance sheet credit exposure	290,300,000		290,300,000			264,200,000
Reserve for Off-balance Sheet Activities
Accounts, Notes, Loans and Financing Receivable [Line Items]
Related accrual for unfunded loan commitments	6,200,000		6,200,000			$ 5,900,000
Financial Institutions Borrower
Accounts, Notes, Loans and Financing Receivable [Line Items]
Originations of loans held for investment, modified	$ 102,400,000	$ 112,100,000	$ 309,500,000	$ 360,600,000
On Deck Capital Canada
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and finance receivables					$ 36,800,000

Loans and Finance Receivables_5

Loans and Finance Receivables Held for Investment and Allowance for Credit Losses (Allowance Roll Forward) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Allowance for credit losses, beginning balance	$ 145,739	$ 124,058	$ 140,040	$ 109,015
Recoveries of previously charged off amounts	4,652	3,306	13,089	9,857
Loans and finance receivables charged off	(45,442)	(32,822)	(134,422)	(93,916)
Provision for credit losses	43,096	39,102	129,338	108,688
Allowance for credit losses, ending balance	$ 148,045	$ 133,644	$ 148,045	$ 133,644

Loans and Finance Receivables_6

Loans and Finance Receivables Held for Investment and Allowance for Credit Losses (Non-delinquent, Paying and Non-paying Delinquent Loans) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Receivables [Abstract]
Current loans and finance receivables	$ 1,078,904	$ 1,031,449
Delinquent: paying (accrual status)	34,888	54,427
Delinquent: non-paying (non-accrual status)	89,530	59,078
Total unpaid principal balance	$ 1,203,322	$ 1,144,954

Loans and Finance Receivables_7

Loans and Finance Receivables Held for Investment and Allowance for Credit Losses (Aging Analysis of Term Loans) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Financing Receivable, Past Due [Line Items]
Current loans and finance receivables	$ 1,078,904	$ 1,031,449
Total unpaid principal balance	1,203,322	1,144,954
1-14 calendar days past due
Financing Receivable, Past Due [Line Items]
Past due loans	21,951	27,655
15-29 calendar days past due
Financing Receivable, Past Due [Line Items]
Past due loans	15,363	14,665
30-59 calendar days past due
Financing Receivable, Past Due [Line Items]
Past due loans	22,745	21,470
60-89 calendar days past due
Financing Receivable, Past Due [Line Items]
Past due loans	18,624	19,031
90 calendar days past due
Financing Receivable, Past Due [Line Items]
Past due loans	$ 45,735	$ 30,684

Debt (Details)

Debt (Details) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Weighted Average Interest Rate at September 30, 2019	4.30%
Total	$ 870,625,000	$ 816,231,000
OnDeck Asset Securitization Trust II | Secured Debt
Debt Instrument [Line Items]
Weighted Average Interest Rate at September 30, 2019	3.80%
Debt	$ 225,000,000	225,000,000
OnDeck Account Receivables Trust 2013-1 | Revolving Credit Facility
Debt Instrument [Line Items]
Weighted Average Interest Rate at September 30, 2019	3.90%
Debt	$ 115,353,000	117,664,000
Receivable Assets of OnDeck, LLC | Revolving Credit Facility
Debt Instrument [Line Items]
Weighted Average Interest Rate at September 30, 2019	4.40%
Debt	$ 103,432,000	113,631,000
OnDeck Asset Funding II LLC | Revolving Credit Facility
Debt Instrument [Line Items]
Weighted Average Interest Rate at September 30, 2019	5.10%
Debt	$ 113,391,000	109,568,000
Prime OnDeck Receivable Trust II | Revolving Credit Facility
Debt Instrument [Line Items]
Weighted Average Interest Rate at September 30, 2019	4.00%
Debt	$ 112,593,000	108,816,000
Loan Assets of OnDeck, LLC | Revolving Credit Facility
Debt Instrument [Line Items]
Weighted Average Interest Rate at September 30, 2019	3.90%
Debt	$ 115,981,000	100,000,000
Corporate Debt | Revolving Credit Facility
Debt Instrument [Line Items]
Weighted Average Interest Rate at September 30, 2019	5.10%
Debt	$ 20,000,000	0
Other Agreements
Debt Instrument [Line Items]
Weighted Average Interest Rate at September 30, 2019	6.50%
Debt	$ 71,796,000	47,318,000
Debt
Debt Instrument [Line Items]
Debt	877,546,000	821,997,000
Deferred debt issuance cost	(6,921,000)	(5,766,000)
Total	$ 870,625,000	$ 816,231,000

Debt (Narrative) (Details)

Debt (Narrative) (Details)	Jul. 19, 2019USD ($)	Dec. 17, 2018USD ($)	Sep. 30, 2019USD ($)	Jul. 02, 2019AUD ($)	Jul. 01, 2019AUD ($)	Dec. 31, 2018USD ($)
Debt Instrument [Line Items]
Loans held for investment that are pledged as collateral			$ 1,100,000,000			$ 1,000,000,000
Credit Facility Due December 2019 | Revolving Credit Facility
Debt Instrument [Line Items]
Increase in line of credit		$ 19,700,000
Corporate Debt | Revolving Credit Facility
Debt Instrument [Line Items]
Debt, prepaid in full			$ 20,000,000			$ 0
Debt Facility Sun Trust Facility Agreement Due January 2021 | Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit facility, increase	$ 20,000,000
Line of credit facility, maximum borrowing capacity	$ 105,000,000
Australian Debt Facility Agreement Due December 2021 | Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity				$ 150,000,000	$ 75,000,000
LIBOR | Debt Facility Sun Trust Facility Agreement Due January 2021 | Revolving Credit Facility
Debt Instrument [Line Items]
Basis spread on variable rate	3.00%

Fair Value of Financial Instr_3

Fair Value of Financial Instruments (Assets and Liabilities Measured on Recurring Basis) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
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	1,212,824	1,155,464
Recurring Basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	6	1,253
Recurring Basis | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	0	0
Recurring Basis | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	6	1,253
Recurring Basis | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	0	0
Interest Rate Cap | Recurring Basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate cap	6	1,253
Interest Rate Cap | Recurring Basis | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate cap	0	0
Interest Rate Cap | Recurring Basis | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate cap	6	1,253
Interest Rate Cap | Recurring Basis | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate cap	$ 0	$ 0

Fair Value of Financial Instr_4

Fair Value of Financial Instruments (Assets and Liabilities Measured at Fair Value) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans and finance receivables, net	$ 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 and finance receivables, net	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 and finance receivables, net	1,212,824	1,155,464
Total assets	1,212,824	1,155,464
Fixed-rate debt	234,532	226,965
Total fixed-rate debt	234,532	226,965
Carrying Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans and finance receivables, net	1,079,766	1,029,367
Total assets	1,079,766	1,029,367
Fixed-rate debt	240,105	232,972
Total fixed-rate debt	240,105	232,972
Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans and finance receivables, net	1,212,824	1,155,464
Total assets	1,212,824	1,155,464
Fixed-rate debt	234,532	226,965
Total fixed-rate debt	$ 234,532	$ 226,965

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Income tax expense (benefit)	$ (1,632)	$ 0	$ 1,904	$ 0
Income tax provision effective rate	(25.00%)		11.00%		0.00%
Discrete tax benefit	$ 2,800
Valuation allowance	(37,600)		$ (37,600)
Deferred tax assets	$ 44,400		$ 44,400

Stock-Based Compensation and _3

Stock-Based Compensation and Employee Benefit Plans (Summary of Option Activity) (Details) $ / shares in Units, $ in Thousands	9 Months Ended
	Sep. 30, 2019USD ($)$ / sharesshares
Number of Options
Beginning balance (in shares) | shares	7,932,782
Exercised (in shares) | shares	(456,256)
Expired (in shares) | shares	(535,557)
Ending balance (in shares) | shares	6,940,969
Exercisable, number of options (in shares) | shares	6,124,370
Vested or expected to vest, number of options (in shares) | shares	6,898,053
Weighted- Average Exercise Price
Beginning balance (in dollars per share) | $ / shares	$ 5.86
Exercised (in dollars per share) | $ / shares	2.30
Expired (in dollars per share) | $ / shares	11.21
Ending balance (in dollars per share) | $ / shares	5.68
Exercisable, weighted-average exercise price (in dollars per share) | $ / shares	5.68
Vested or expected to vest, weighted-average exercise price (in dollars per share) | $ / shares	$ 5.68
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Outstanding, weighted-average remaining contractual term	5 years 3 months 19 days
Outstanding, aggregate intrinsic value | $	$ 6,810
Exercisable, weighted-average remaining contractual term	4 years 10 months 24 days
Exercisable, aggregate intrinsic value | $	$ 6,810
Vested or expected to vest, weighted-average remaining contractual term	5 years 3 months 19 days
Vested or expected to vest, aggregate intrinsic value | $	$ 6,810

Stock-Based Compensation and _4

Stock-Based Compensation and Employee Benefit Plans (Options) (Narrative) (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Share-based Payment Arrangement [Abstract]
Compensation cost for nonvested option awards not yet recognized	$ 1.6
Weighted-average recognition period	2 years 15 days
Aggregate intrinsic value	$ 1.6	$ 2.9

Stock-Based Compensation and _5

Stock-Based Compensation and Employee Benefit Plans (Restricted Stock Unit Activity) (Details) - RSUs and PRSUs	9 Months Ended
	Sep. 30, 2019$ / sharesshares
Number of RSUs and PRSUs
Unvested beginning balance (in shares) | shares	3,307,561
RSUs and PRSUs granted (in shares) | shares	2,491,789
RSUs and PRSUs vested (in shares) | shares	(729,174)
RSUs and PRSUs forfeited/expired (in shares) | shares	(519,932)
Unvested ending balance (in shares) | shares	4,550,244
Expected to vest after September 30, 2019 (in shares) | shares	3,688,130
Weighted-Average Grant Date Fair Value Per Share
Unvested, beginning balance (in dollars per share) | $ / shares	$ 6
RSUs and PRSUs granted (in dollars per share) | $ / shares	5.22
RSUs and PRSUs vested (in dollars per share) | $ / shares	6.97
RSUs and PRSUs forfeited/expired (in dollars per share) | $ / shares	5.87
Unvested, ending balance (in dollars per share) | $ / shares	5.43
Expected to vest after September 30, 2019 (in dollars per share) | $ / shares	$ 5.46

Stock-Based Compensation and _6

Stock-Based Compensation and Employee Benefit Plans (Restricted Stock Units) (Narrative) (Details) $ in Millions	9 Months Ended
	Sep. 30, 2019USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recognition period	2 years 15 days
RSUs and PRSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	$ 15
Recognition period	2 years 8 months

Stock-Based Compensation and _7

Stock-Based Compensation and Employee Benefit Plans (Stock-based Compensation Expense) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	$ 2,361	$ 2,848	$ 8,692	$ 8,852
Sales and marketing
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	334	452	1,367	1,492
Technology and analytics
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	692	621	2,409	1,874
Processing and servicing
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	199	77	338	278
General and administrative
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	$ 1,136	$ 1,698	$ 4,578	$ 5,208

Derivatives and Hedging (Narrat

Derivatives and Hedging (Narrative) (Details) - Designated as Hedging Instrument - Interest Rate Cap	9 Months Ended
	Sep. 30, 2019USD ($)
Derivative [Line Items]
Derivative, notional amount	$ 300,000,000
Reclassification out of Accumulated Other Comprehensive Income
Derivative [Line Items]
Reclassified interest expense	$ 1,000,000

Derivative and Hedging (Fair Va

Derivative and Hedging (Fair Value by Balance Sheet Location) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Interest Rate Cap | Other Assets
Derivatives, Fair Value [Line Items]
Interest rate cap agreement	$ 6	$ 1,253

Derivatives and Hedging (Deriva

Derivatives and Hedging (Derivative Instruments, Gain (Loss)) (Details) - USD ($) $ in Thousands	3 Months Ended				9 Months Ended		12 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Interest rate cap agreement	$ 215	$ (124)	$ (742)	$ 0	$ (651)	$ 0
Interest Rate Cap
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Interest rate cap agreement					$ 651		$ 456

Derivative and Hedging (Effects

Derivative and Hedging (Effects of Cash Flow Hedges) (Details) - Investment Income (Expense) - Cash Flow Hedging - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Derivative Instruments, Gain (Loss) [Line Items]
Interest expense	$ (250)		$ (588)
Interest expense		$ 0		$ 0

Revisions of Prior Period Fin_3

Revisions of Prior Period Financial Statements (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017
Statement of Financial Position [Abstract]
Loans and finance receivables	$ 1,227,811		$ 1,227,811				$ 1,169,407
Total assets	1,275,653		1,275,653				1,161,820
Accrued expenses and other liabilities	65,775		65,775				36,708
Total liabilities	942,704		942,704				859,335
Accumulated deficit	(178,313)		(178,313)				(196,959)
Total On Deck Capital, Inc. stockholders' equity	315,264		315,264				297,952
Total stockholders' equity	317,942	$ 288,592	317,942	$ 288,592	$ 317,842	$ 311,596	302,485	$ 276,170	$ 266,113	$ 264,842
Income Statement [Abstract]
Interest and finance income	108,211	99,317	319,651	277,755
Gross revenue	112,550	102,840	332,771	288,436
Net revenue	58,190	52,010	169,456	143,903
Income (loss) from operations, before provision for income taxes	6,510	9,338	17,542	11,374
Net Income (loss)	$ 8,142	9,338	$ 15,638	11,374
Previously Reported
Statement of Financial Position [Abstract]
Loans and finance receivables							1,169,157
Total assets							1,161,570
Accrued expenses and other liabilities							34,654
Total liabilities							857,281
Accumulated deficit							(195,155)
Total On Deck Capital, Inc. stockholders' equity							299,756
Total stockholders' equity							304,289
Income Statement [Abstract]
Interest and finance income		99,476		278,216
Gross revenue		102,999		288,897
Net revenue		52,169		144,364
Income (loss) from operations, before provision for income taxes		9,497		11,835
Net Income (loss)		9,497		11,835
Restatement Adjustment
Statement of Financial Position [Abstract]
Loans and finance receivables							250
Total assets							250
Accrued expenses and other liabilities							2,054
Total liabilities							2,054
Accumulated deficit							(1,804)
Total On Deck Capital, Inc. stockholders' equity							(1,804)
Total stockholders' equity							$ (1,804)
Income Statement [Abstract]
Interest and finance income		(159)		(461)
Gross revenue		(159)		(461)
Net revenue		(159)		(461)
Income (loss) from operations, before provision for income taxes		(159)		(461)
Net Income (loss)		$ (159)		$ (461)

Subsequent Events (Details)

Subsequent Events (Details) - USD ($)	Nov. 06, 2019	Nov. 05, 2019	Sep. 30, 2019
Subsequent Event [Line Items]
Repurchases of common stock (in shares)			3,204,462
Repurchases of common stock			$ 11,024,000
Stock repurchase program, authorized amount			$ 50,000,000
Subsequent Event
Subsequent Event [Line Items]
Repurchases of common stock (in shares)	5,900,000
Repurchases of common stock	$ 26,400,000
Repurchase of stock (in shares)	4,054,250
Repurchase of stock, value	$ 18,600,000
Ownership percentage of outstanding common stock		5.00%