On Deck Capital (ONDK) 10-Q 11 May 20 2020 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2020	Apr. 30, 2020
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	Mar. 31, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Common Stock, Shares Outstanding		58,423,600
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Current Reporting Status	Yes
Entity Shell Company	false

Unaudited Condensed Consolidate

Unaudited Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Assets
Cash and cash equivalents	$ 121,148	$ 56,344
Restricted cash	29,094	40,524
Loans and finance receivables	1,291,586	1,265,312
Less: Allowance for credit losses	205,703	151,133
Loans and finance receivables, net	1,085,883	1,114,179
Property, equipment and software, net	23,714	20,332
Other assets	77,339	73,204
Total assets	1,337,178	1,304,583
Liabilities:
Accounts payable	6,804	6,470
Interest payable	3,100	2,334
Debt	1,043,924	914,995
Accrued expenses and other liabilities	56,834	70,110
Total liabilities	1,110,662	993,909
Commitments and contingencies (Note 13)
Mezzanine equity:
Redeemable noncontrolling interest	13,112	14,428
Stockholders’ equity:
Common stock—$0.005 par value, 1,000,000,000 shares authorized and 80,247,423 and 80,095,061 shares issued and 58,419,304 and 66,363,555 outstanding at March 31, 2020 and December 31, 2019, respectively.	406	405
Treasury stock—at cost	(82,503)	(49,641)
Additional paid-in capital	514,785	513,571
Accumulated deficit	(217,509)	(169,002)
Accumulated other comprehensive loss	(2,923)	(1,333)
Total On Deck Capital, Inc. stockholders' equity	212,256	294,000
Noncontrolling interest	1,148	2,246
Total stockholders' equity	213,404	296,246
Total liabilities, mezzanine equity and stockholders' equity	$ 1,337,178	$ 1,304,583

Unaudited Condensed Consolida_2

Unaudited Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2020	Dec. 31, 2019
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)	80,247,423	80,095,061
Common stock, shares outstanding (in shares)	58,419,304	66,363,555

Unaudited Condensed Consolida_3

Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Income Statement [Abstract]
Interest and finance income	$ 106,935,000	$ 105,799,000
Interest expense	11,569,000	11,332,000
Net interest income	95,366,000	94,467,000
Provision for credit losses	107,907,000	43,291,000
Net interest income (loss), after credit provision	(12,541,000)	51,176,000
Other revenue	3,620,000	4,176,000
Operating expense:
Sales and marketing	11,664,000	11,960,000
Technology and analytics	16,484,000	16,806,000
Processing and servicing	6,689,000	5,489,000
General and administrative	16,280,000	14,029,000
Total operating expense	51,117,000	48,284,000
Income (loss) from operations, before provision for income taxes	(60,038,000)	7,068,000
Provision for (Benefit from) income taxes	0	1,740,000
Net income (loss)	(60,038,000)	5,328,000
Less: Net income (loss) attributable to noncontrolling interest	(1,063,000)	(338,000)
Net income (loss) attributable to On Deck Capital, Inc. common stockholders	$ (58,975,000)	$ 5,666,000
Net income (loss) per share attributable to On Deck Capital, Inc. common stockholders:
Basic (in dollars per share)	$ (0.94)	$ 0.08
Diluted (in dollars per share)	$ (0.94)	$ 0.07
Weighted-average common shares outstanding:
Basic (in shares)	62,534,517	75,539,535
Diluted (in shares)	62,534,517	79,115,037
Comprehensive income (loss):
Net income (loss)	$ (60,038,000)	$ 5,328,000
Other comprehensive income (loss):
Foreign currency translation adjustment	(3,213,000)	366,000
Unrealized gain (loss) on derivative instrument	270,000	(742,000)
Comprehensive income (loss)	(62,981,000)	4,952,000
Less: Comprehensive income (loss) attributable to noncontrolling interests	(1,353,000)	26,000
Less: Net income (loss) attributable to noncontrolling interest	(1,063,000)	(338,000)
Comprehensive income (loss) attributable to On Deck Capital, Inc. common stockholders	$ (60,565,000)	$ 5,264,000

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	Transition to ASU 2016-13 Adjustment	Transition to ASU 2016-13 AdjustmentTotal Stockholders' Equity	Transition to ASU 2016-13 AdjustmentAccumulated Deficit
Beginning balance (in shares) at Dec. 31, 2018			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
Repurchases of Common Stock (in shares)	(7,490,094)
Repurchases of Common Stock	$ (33,000)
Tax withholding related to vesting of restricted stock units	(291)	(291)		(291)
Currency translation adjustment	366	340					340	26
Cash flow hedge and other	(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, 2019	66,363,555		66,363,555
Beginning balance at Dec. 31, 2019	$ 296,246	294,000	$ 405	513,571	(169,002)	(49,641)	(1,333)	2,246	14,428	$ 10,468	$ 10,468	$ 10,468
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation	1,738	1,738		1,738
Issuance of common stock through vesting of restricted stock units and option exercises (in shares)			152,362
Issuance of common stock through vesting of restricted stock units and option exercises	16	16	$ 1	15
Employee stock purchase plan	$ (310)	(310)		(310)
Repurchases of Common Stock (in shares)	(8,096,613)		(8,096,613)
Repurchases of Common Stock	$ (32,862)	(32,862)				(32,862)
Tax withholding related to vesting of restricted stock units	(229)	(229)		(229)
Currency translation adjustment	(2,113)	(1,860)					(1,860)	(253)	(1,100)
Cash flow hedge and other	272	270					270	2
Net Income (loss)	$ (59,822)	(58,975)			(58,975)			(847)	(216)
Ending balance (in shares) at Mar. 31, 2020	58,419,304		58,419,304
Ending balance at Mar. 31, 2020	$ 213,404	$ 212,256	$ 406	$ 514,785	$ (217,509)	$ (82,503)	$ (2,923)	$ 1,148	$ 13,112

Unaudited Condensed Consolida_5

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Cash flows from operating activities
Net income (loss)	$ (60,038)	$ 5,328
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Provision for credit losses	107,907	43,291
Depreciation and amortization	1,630	1,748
Amortization of debt issuance costs	955	802
Stock-based compensation	1,416	2,743
Amortization of net deferred origination costs	15,544	17,832
Changes in servicing rights, at fair value	0	69
Unfunded loan commitment reserve	0	48
Loss on disposal of fixed assets	0	674
Amortization of intangibles	122	0
Changes in operating assets and liabilities:
Other assets	(5,177)	(3,781)
Accounts payable	518	859
Interest payable	781	369
Accrued expenses and other liabilities	(6,249)	(1,007)
Net cash provided by operating activities	57,409	68,975
Cash flows from investing activities
Purchases of property, equipment and software	(2,370)	(536)
Capitalized internal-use software	(2,766)	(1,379)
Originations of loans and finance receivables, excluding rollovers into new originations	(510,613)	(537,147)
Payments of net deferred origination costs	(17,030)	(18,529)
Principal repayments of loans and finance receivables	426,014	469,894
Net cash used in investing activities	(106,765)	(87,697)
Cash flows from financing activities
Tax withholding related to vesting of restricted stock units	(229)	(291)
Repurchases of common stock	(32,862)	0
Proceeds from exercise of stock options	15	45
Issuance of common stock under employee stock purchase plan	0	1,281
Proceeds from the issuance of debt	261,743	210,789
Payments of debt issuance costs	(155)	(3,097)
Repayments of debt principal	(126,323)	(182,849)
Net cash (used in) provided by financing activities	102,189	25,878
Effect of exchange rate changes on cash and cash equivalents	541	(77)
Net increase (decrease) in cash, cash equivalents and restricted cash	53,374	7,079
Cash and cash equivalents at beginning of period	96,868	97,638
Cash and cash equivalents at end of period	150,242	104,717
Reconciliation to amounts on consolidated balance sheets
Total cash, cash equivalents and restricted cash	150,242	104,717
Supplemental disclosure of other cash flow information
Cash paid for interest	9,582	9,887
Cash paid for income taxes	30	0
Supplemental disclosures of non-cash investing and financing activities
Stock-based compensation included in capitalized internal-use software	14	57
Unpaid principal balance of term loans rolled into new originations	$ 79,740	$ 98,481

Net Income (Loss) Per Common Sh

Net Income (Loss) Per Common Share	3 Months Ended
	Mar. 31, 2020
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 March 31, 2020 2019 Numerator: Net Income (loss) $ (60,038 ) $ 5,328 Less: Net income (loss) attributable to noncontrolling interest (1,063 ) (338 ) Net income (loss) attributable to On Deck Capital, Inc. common stockholders $ (58,975 ) $ 5,666 Denominator: Weighted-average common shares outstanding, basic 62,534,517 75,539,535 Net income (loss) per common share, basic $ (0.94 ) $ 0.08 Effect of dilutive securities — 3,575,502 Weighted-average common shares outstanding, diluted 62,534,517 79,115,037 Net income (loss) per common share, diluted $ (0.94 ) $ 0.07 Anti-dilutive securities excluded 12,410,306 4,863,474 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 March 31, Dilutive Common Share Equivalents 2020 2019 Weighted-average common shares outstanding 62,534,517 75,539,535 RSUs and PRSUs — 1,024,301 Stock options — 2,549,887 Employee stock purchase plan — 1,314 Total dilutive common share equivalents 62,534,517 79,115,037 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 months ended March 31, 2020 and 2019 . Three Months Ended March 31, 2020 2019 Anti-Dilutive Common Share Equivalents Warrants to purchase common stock — 22,000 RSUs and PRSUs 5,716,536 669,075 Stock options 6,693,770 4,172,399 Total anti-dilutive common share equivalents 12,410,306 4,863,474 On July 29, 2019 we announced that 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. On February 11, 2020 we announced that our Board of Directors authorized the repurchase of up to an additional $50 million of common stock under the repurchase program described above, with no expiration on the additional authorization. During the three months ended March 31, 2020 we repurchased 8,096,613 shares of common stock for $32.9 million , compared to the previous quarter where we repurchased 7,490,094 shares of common stock for $33.0 million . In late February 2020, we suspended repurchase activity under our program as part of our focus on liquidity and capital preservation, but maintain authorization to resume purchases at our sole discretion.

Organization and Summary of Sig

Organization and Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2020
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, lines of credit, equipment finance loans and additionally in Canada through a variable pay product. 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 9 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. At December 31, 2019, we changed the presentation of the revenue portion of our Consolidated Statements of Operations and Comprehensive Income to present new line items for "Net interest income" and "Net interest revenue, after credit provision" and "Total non-interest income." We no longer present the line items, "Gross revenue," "Total cost of revenue" and "Net revenue." "Gains on sales of loans" and "Other revenue" for the quarter ended March 31, 2019, which were previously reported as components of "Gross revenue", have been recast to be presented as components of "Total non-interest income". "Interest expense" and "Provision for credit losses" for the quarter ended March 31,2019, which were previously reported as components of "Total cost of revenue", have been recast to be presented as components of "Net interest income" and "Net interest revenue, after credit provision", respectively. The change in presentation had no effect on our "Income (loss) from operations, before provision for income taxes" or "Net income (loss)". The new presentation solely repositions our existing financial statement line items and does not create any new financial statement line items except for new subtotals. The change was made to better align with industry standards and to reflect key metrics which we use to measure our business. 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, the useful lives of long-lived assets, goodwill, 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 June 2016, the FASB issued ASU 2016-13, Measurement of Credit Losses on Financial Instruments . ASU 2016-13 which changed 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 replaced the incurred loss model used previously. We adopted the new standard effective January 1, 2020. Upon adoption, the $7 million liability for unfunded line of credit commitments previously included in Other liabilities was released and other transition related adjustments to the allowance for credit losses were $3 million . On January 1, 2020, the transition adjustments of a total of $10 million were recorded against retained earnings. In January 2017, the FASB issued ASU 2017-04, Intangibles-Goodwill and Other: Simplifying the Test for Goodwill Impairment , which eliminated 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. We adopted the new standard prospectively on January 1, 2020 and it did not have a material impact on our unaudited consolidated financial statements. 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. We adopted the new standard effective January 1, 2020 and the adoption did not have a material impact on our unaudited consolidated financial statements. In August 2018, the FASB issued ASU 2018-15, Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement that is a Service Contract, which requires implementation costs incurred by customers in cloud computing arrangements to be deferred over the noncancellable term of the cloud computing arrangements plus any optional renewal periods (1) that are reasonably certain to be exercised by the customer or (2) for which exercise of the renewal option is controlled by the cloud service provider. We adopted the new standard effective January 1, 2020 utilizing the prospective transition approach with no material impact on our unaudited consolidated financial statements as of March 31, 2020. COVID-19 Pandemic On March 11, 2020, the World Health Organization declared the current COVID-19 outbreak to be a global pandemic, which led to governmental requirements or recommendations for “non-essential” businesses to temporarily close or severely limit their operations. Our small business customers have been directly or indirectly affected by the COVID-19 pandemic due to the closures and reduced customer demand. We have included the COVID-19 impacts as part of our calculation of the allowance for credit losses for the quarter ended March 31, 2020. See Note 4. The pandemic is having unprecedented negative economic consequences. We have changed our near-term priorities to actively monitor and respond to the impacts that COVID-19 is having on our business and customers. See Part I, Item 2- "Management's Discussion and Analysis of Financial Condition and Results of Operations" for more detail. It is currently unclear what the full impact of COVID-19, will be on our business, cash flows, available liquidity, financial condition, and results of operations, due to the many material uncertainties that exist. 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 March 31, 2019. A summary of revisions to certain previously reported financial information is presented in Note 11.

Interest Income

Interest Income	3 Months Ended
	Mar. 31, 2020
Banking and Thrift, Interest [Abstract]
Interest Income	Interest Income Interest income was comprised of the following components for the three months ended March 31, 2020 and 2019 (in thousands): Three Months Ended March 31, 2020 2019 Interest and finance income $ 122,283 $ 123,434 Amortization of net deferred origination costs (15,583 ) (17,892 ) Interest and finance income, net 106,700 105,542 Interest on deposits and investments 235 257 Total interest and finance income $ 106,935 $ 105,799

Loans and Finance Receivables H

Loans and Finance Receivables Held for Investment and Allowance for Credit Losses	3 Months Ended
	Mar. 31, 2020
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 consisted of the following as of March 31, 2020 and December 31, 2019 (in thousands): March 31, 2020 December 31, 2019 Term loans $ 945,570 $ 946,322 Lines of credit 300,353 277,843 Other loans and finance receivables (1) 17,441 14,244 Total Unpaid Principal Balance 1,263,364 1,238,409 Net deferred origination costs 28,222 26,903 Total loans and finance receivables $ 1,291,586 $ 1,265,312 (1) Includes loans secured by equipment and our variable pay product in Canada. We include both loans we originate and loans originated by our issuing bank partner and later purchased by us as part of our originations. During the three months ended March 31, 2020 and 2019 we purchased loans from our issuing bank partner in the amount of $109.7 million and $111.5 million , respectively. As of January 1, 2020, we began to utilize a model that is compliant with t he Current Expected Credit Loss, or CECL, standard . The credit losses on our portfolio are estimated and recognized upon origination, based on expected credit losses for the life of the balance as of the period end date. We evaluate the creditworthiness of our portfolio on a pooled basis based on the product type. We use a proprietary model to project contractual lifetime losses at origination based on our historical lifetime losses of our actual loan performance. Future economic conditions include multiple macroeconomic scenarios provided to us by an independent third party and reviewed by management. These macroeconomic scenarios contain certain variables that are influential to our modelling process, including real gross domestic product and economic indicators such as small business and consumer sentiment and small business demand and performance metrics. We perform a Qualitative Assessment to address possible limitations within the model, and at times when deemed necessary include the Qualitative Assessment to our calculation. Upon adoption, the net change in the required Allowance for credit losses was minimal with a $3 million decrease driven by lower required reserves for lines of credit. Additionally, the $7 million reserve for unfunded line of credit commitments previously included in Other liabilities was released as part of the adoption. Under the new model, w e reserve for the committed debt balance on our outstanding line of credit balances. These changes resulted in a net increase of approximately $10 million in Stockholder's equity on January 1, 2020. We increased our allowance for credit losses at March 31, 2020 due to higher expected losses related to the COVID-19 pandemic. Management's consideration at March 31, 2020 included the potential macro-economic impact of continued government-mandated lockdowns for small businesses, expected timing for the reopening of the economy, as well as the effectiveness of the government stimulus programs. The change in the allowance for credit losses for the three months ended March 31, 2020 and 2019 consisted of the following (in thousands): Three Months Ended March 31, 2020 2019 Term Loans and Finance Receivables Lines of Credit Total Total Balance at beginning of period $ 116,752 $ 34,381 $ 151,133 $ 140,040 Recoveries of previously charged off amounts 5,042 555 5,597 3,914 Loans and finance receivables charged off (45,667 ) (9,561 ) (55,228 ) (39,839 ) Provision for credit losses 78,278 29,629 107,907 43,291 Transition to ASU 2016-13 Adjustment 2,800 (6,104 ) (3,304 ) — Foreign Currency Translation Adjustment (402 ) — (402 ) — Allowance for credit losses at end of period $ 156,803 $ 48,900 $ 205,703 $ 147,406 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. For the three months ended March 31, 2020 loans sold accounted for $1.2 million of recoveries previously charged off. We did no t sell any previously charged-off loans for the three months ended March 31, 2019 . 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 March 31, 2020 and December 31, 2019 (in thousands). At March 31, 2020, approximately 30% of our delinquent loans and finance receivables were making payments. March 31, 2020 Term Loans and Finance Receivables Lines of Credit Total Current loans and finance receivables $ 673,274 $ 249,301 $ 922,575 Delinquent: paying (accrual status) 86,396 13,885 100,281 Delinquent: non-paying (non-accrual status) 203,341 37,167 240,508 Total 963,011 300,353 1,263,364 December 31, 2019 Term Loans and Finance Receivables Lines of Credit Total Current loans and finance receivables $ 842,083 $ 255,981 $ 1,098,064 Delinquent: paying (accrual status) 33,512 5,002 38,514 Delinquent: non-paying (non-accrual status) 84,971 16,860 101,831 Total $ 960,566 $ 277,843 $ 1,238,409 We consider the delinquency status of our loans and finance receivables as one of our primary credit quality indicators once loans advance beyond the origination underwriting stage. We monitor delinquency trends to manage our exposure to credit risk. The following tables show an aging analysis of the unpaid principal balance related to loans and finance receivables and lines of credit, by delinquency statu s and origination year as of March 31, 2020 (in thousands): March 31, 2020 Term Loans and Finance Receivables Lines of Credit Total Origination Year By delinquency status: 2017 and prior 2018 2019 2020 2020 Current loans and finance receivables $ 5 $ 2,900 $ 347,911 $ 322,458 $ 249,301 $ 922,575 1-14 calendar days past due — 727 117,694 61,578 31,055 211,054 15-29 calendar days past due — 153 16,763 4,745 3,800 25,461 30-59 calendar days past due — 114 23,380 1,852 4,032 29,377 60-89 calendar days past due — 323 19,844 313 4,256 24,737 90 + calendar days past due 944 7,592 33,715 — 7,909 50,160 Total unpaid principal balance $ 949 $ 11,809 $ 559,307 $ 390,946 $ 300,353 $ 1,263,364 At March 31, 2020 the amount of loans that were in the delinquent, especially in the 1 to 14 days past due bucket were at a historical high, due to the broad-based pressures from COVID-19 that our customers experienced late in quarter. The following tables show an aging analysis of the unpaid principal balance related to loans and finance receivables and lines of credit, by delinquency statu s as of December 31, 2019 (in thousands): December 31, 2019 By delinquency status: Term Loans and Finance Receivables Lines of Credit Total Current loans and finance receivables $ 842,083 $ 255,981 $ 1,098,064 1-14 calendar days past due $ 23,426 $ 4,949 28,375 15-29 calendar days past due $ 15,153 $ 2,230 17,383 30-59 calendar days past due $ 20,647 $ 4,419 25,067 60-89 calendar days past due $ 18,527 $ 3,477 22,004 90 + calendar days past due $ 40,730 $ 6,787 47,516 Total unpaid principal balance $ 960,566 $ 277,843 $ 1,238,409 We utilize OnDeck Score, industry data and term length to monitor the credit quality and pricing decisions of our portfolio. For our lines of credit, one of our primary credit quality indicators is delinquency, particularly whether they are in a paying or non-paying status. In addition to delinquency, the credit quality of US term loan portfolio is evaluated based on an internally developed credit risk model that assigns a risk grade based on credit bureau data, the OnDeck Score, business specific information and loan details. The risk grade is used in our model to calculate our allowance for credit losses. One of our credit quality indicators is the risk grade that we assign to our US term loan. Additionally, we utilize historical performance on the previous loan for our renewal customers. After grouping the loans according to their term length, they are further divided into the following risk grades based on probability of default. W - lowest risk X - low risk Y - medium risk Z - high risk The following table contains the breakdown of our US Term Loans by the year of origination and our risk grades, at March 31, 2020 : March 31, 2020 Origination Year Risk Grade 2020 2019 2018 2017 and prior Total W $ 124,634 $ 169,776 $ 3,094 $ 317 $ 297,821 X 73,033 99,501 2,626 35 175,195 Y 52,964 83,449 2,317 164 138,894 Z 56,372 78,831 1,306 290 136,799 $ 307,003 $ 431,557 $ 9,343 $ 806 $ 748,709 The COVID-19 pandemic created and will continue to create unprecedented economic impacts that our current model may not accurately predict, since such an event has not happened in the past. For our calculation of the allowance for credit losses at March 31, 2020 we bifurcated the delinquent receivable pool into two groups: delinquencies that existed prior to March 11th which we define as “normal” delinquencies, and delinquencies that occurred on or after March 11th, which we define as post- pandemic delinquencies. We further stratified the post-pandemic delinquencies into sub-groups based on payment performance. We then set reserve levels based on expected lifetime loss for each of the groups. Reserve levels were based on collection status and product type.

Debt

Debt	3 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
Debt	Debt The following table summarizes our outstanding debt as of March 31, 2020 and December 31, 2019 (in thousands): Outstanding Type Maturity Date Weighted Average Interest March 31, 2020 December 31, 2019 Debt: OnDeck Asset Securitization Trust II - Series 2018-1 Securitization April 2022 (1) 3.8% $ 225,000 $ 225,000 OnDeck Asset Securitization Trust II - Series 2019-1 Securitization November 2024 (2) 3.0% 125,000 125,000 OnDeck Account Receivables Trust 2013-1 Revolving March 2022 (3) 2.7% 143,241 129,512 Receivable Assets of OnDeck, LLC Revolving September 2021 (4) 2.6% 99,631 94,099 OnDeck Asset Funding II LLC Revolving August 2022 (5) 4.0% 166,913 123,840 Prime OnDeck Receivable Trust II Revolving March 2022 (6) 3.3% — — Loan Assets of OnDeck, LLC Revolving October 2022 (7) 2.7% 122,403 120,665 Corporate line of credit Revolving January 2021 4.0% 105,000 40,000 International and other agreements Various Various (8) 4.0% 63,546 64,585 3.4% 1,050,734 922,701 Deferred debt issuance cost (6,810 ) (7,706 ) Total Debt $ 1,043,924 $ 914,995 (1) The period during which new loans may be purchased under this securitization transaction expired in March 2020 . (2) The period during which new loans may be purchased under this securitization transaction expires in October 2021 . An early amortization event has occurred under this transaction, please refer to Note 14 for details. (3) The period during which new borrowings may be made under this facility expires in March 2021 . (4) The period during which new borrowings of Class A revolving loans may be made under this debt facility expires in December 2020 . (5) The period during which new borrowings may be made under this facility expires in August 2021 . (6) The period during which new borrowings may be made under this facility expires in March 2021 . (7) The period during which new borrowings may be made under this debt facility expires in April 2022 . An amendment was made to the facility on April 27, 2020, please refer to Note 13 for details. (8) Other Agreements include, among others, our local currency debt facilities in Australia and Canada. The periods during which new borrowings may be made under the various agreements expire between June 2020 and March 2023 . Maturity dates range from June 2021 through March 2023 . Certain of our loans are transferred to our special purpose vehicle subsidiaries and are pledged as collateral for borrowings in our funding debt facilities and for the issuance in our securitization. These loans totaled $1.2 billion and $1.0 billion as of March 31, 2020 and December 31, 2019 , respectively. Our corporate debt facility includes a blanket lien on substantially all of our assets. Recent Amendments to Debt Facilities On March 23, 2020, our Canadian entities entered into a CAD 40 million revolving credit facility that amended and extended the terms of their prior facility with the Bank of Montreal. The revolving credit facility matures in March 2023. The facility is secured by substantially all the assets of our Canadian entities, including Canadian small business loans.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	3 Months Ended
	Mar. 31, 2020
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 March 31, 2020 and December 31, 2019 (in thousands): March 31, 2020 Level 1 Level 2 Level 3 Total Assets : Interest rate cap — 3 — 3 Total assets $ — $ 3 $ — $ 3 December 31, 2019 Level 1 Level 2 Level 3 Total Assets : Interest rate cap $ — $ — $ — $ — Total assets $ — $ — $ — $ — There were no transfers between levels for the three months ended March 31, 2020 and December 31, 2019 . 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): March 31, 2020 Carrying Value Fair Value Level 1 Level 2 Level 3 Assets : Loans and finance receivables, net $ 1,085,883 $ 1,197,481 $ — $ — $ 1,197,481 Total assets $ 1,085,883 $ 1,197,481 $ — $ — $ 1,197,481 Liabilities: Fixed-rate debt $ 350,000 $ 302,779 $ — $ — $ 302,779 Total fixed-rate debt $ 350,000 $ 302,779 $ — $ — $ 302,779 December 31, 2019 Carrying Value Fair Value Level 1 Level 2 Level 3 Assets : Loans and finance receivables, net $ 1,114,179 $ 1,241,893 $ — $ — $ 1,241,893 Total assets $ 1,114,179 $ 1,241,893 $ — $ — $ 1,241,893 Liabilities: Fixed-rate debt $ 350,000 $ 337,510 $ — $ — $ 337,510 Total fixed-rate debt $ 350,000 $ 337,510 $ — $ — $ 337,510

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2020
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. We did no t book a provision for income taxes for the three months ended March 31, 2020 and our provision for income taxes for the three months ended March 31, 2019 was $1.7 million representing a quarterly effective income tax rate of 24% for the three months ended March 31, 2019.

Stock-Based Compensation and Em

Stock-Based Compensation and Employee Benefit Plans	3 Months Ended
	Mar. 31, 2020
Share-based Payment Arrangement [Abstract]
Stock-Based Compensation and Employee Benefit Plans	Stock-Based Compensation and Employee Benefit Plans Equity incentives are currently issued to employees and directors in the form of stock options and RSUs under our 2014 Equity Incentive Plan. Our 2007 Stock Option Plan was terminated in connection with our Initial Public Offering (IPO). Accordingly, no additional equity incentives are issuable under this plan although it continues to govern outstanding awards granted thereunder. Additionally, we offer an Employee Stock Purchase Plan through the 2014 Employee Stock Purchase Plan and a 401(k) plan to employees. Options The following is a summary of option activity for the three months ended March 31, 2020 : Number of Weighted- Weighted- Aggregate Outstanding at January 1, 2020 6,822,219 $ 5.68 — — Exercised (43,771 ) $ 0.40 — — Forfeited (73,678 ) $ 6.55 — — Expired (11,000 ) $ 5.52 — — Outstanding at March 31, 2020 6,693,770 $ 5.71 4.5 $ 2,621 Exercisable at March 31, 2020 6,182,891 $ 5.72 4.2 $ 2,621 Vested or expected to vest as of March 31, 2020 6,678,295 $ 5.71 4.5 $ 2,621 Total compensation cost related to nonvested option awards not yet recognized as of March 31, 2020 was $0.9 million and will be recognized over a weighted-average period of 1.7 years . The aggregate intrinsic value of employee options exercised during the periods ended March 31, 2020 , and 2019 was $0.2 million , and $1.1 million , respectively. Restricted Stock Units The following table is a summary of activity in RSUs and PRSUs for the three months ended March 31, 2020 : Number of RSUs and PRSUs Weighted-Average Grant Date Fair Value Per Share Unvested at January 1, 2020 4,185,560 $ 5.32 RSUs and PRSUs Granted 1,961,929 $ 3.61 RSUs and PRSUs Vested (156,320 ) $ 6.47 RSUs and PRSUs Forfeited/Expired (274,633 ) $ 5.71 Unvested at March 31, 2020 5,716,536 $ 4.69 Expected to vest after March 31, 2020 4,525,071 $ 4.69 As of March 31, 2020 , there was $16.1 million of unrecognized compensation cost related to unvested RSUs and PRSUs, which is expected to be recognized over a weighted-average period of 2.9 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 ended March 31, 2020 and 2019 (in thousands). We had a number of forfeitures in our Sales and Marketing personnel which resulted in a reversal of expenses for the three months ending March 31, 2020 . For the three months ending March 31, 2020 2019 Sales and marketing $ (23 ) $ 559 Technology and analytics 460 828 Processing and servicing 99 90 General and administrative 880 1,606 Total $ 1,416 $ 3,083

Business Combination

Business Combination	3 Months Ended
	Mar. 31, 2020
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 purchase price for accounting purposes of approximately $16.7 million . 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. A quarterly impairment test was performed at March 31, 2020 that determined no impairment was needed. There have been no changes to goodwill since December 31, 2019. 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 at Combination 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 March 31, 2020 and December 31, 2019. We consolidate the financial position and results of operations of the holding company. Our business combination with Evolocity resulted in a redeemable noncontrolling interest, which has been classified as mezzanine equity due to the option of the noncontrolling shareholders to require us to purchase their interest. The redeemable noncontrolling interest was recorded at fair value of $16.1 million as a result of the business combination. The fair value was measured using a mix of a discounted cash flow and cost approach. 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. The mezzanine equity balance at March 31, 2020 was $13.1 million and at December 31, 2019 was $14.4 million .

Derivatives and Hedging

Derivatives and Hedging	3 Months Ended
	Mar. 31, 2020
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 $0.6 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 March 31, 2020 and December 31, 2019 (in thousands): Derivative Type Classification March 31, 2020 December 31, 2019 Assets: Interest rate cap agreement Other Assets $ 3 $ — The table below presents the effect of cash flow hedge accounting on AOCI for the three months ended March 31, 2020 and 2019 (in thousands): March 31, 2020 March 31, 2019 Amount Recognized in OCI on Derivative: Interest rate cap agreement $ 270 $ 742 The table below presents the effect of our derivative financial instruments on the Consolidated Statements of Operations and Comprehensive Income for the three months ended March 31, 2020 and 2019 (in thousands): Location and Amount of Gain or (Loss) Recognized in Income on Cash Flow Hedging Relationships Three Months Ended March 31, 2020 2019 Interest expense (267 ) (135 )

Revisions of Prior Period Finan

Revisions of Prior Period Financial Statements	3 Months Ended
	Mar. 31, 2020
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 March 31, 2019 (in thousands): As Reported Adjustment As Revised Loans and finance receivables 1,202,531 240 1,202,771 Total assets 1,224,658 240 1,224,898 Accrued expenses and other liabilities 61,097 2,236 63,333 Total liabilities 911,066 2,236 913,302 Accumulated deficit (189,297 ) (1,996 ) (191,293 ) Total On Deck Capital, Inc. stockholders' equity 309,371 (1,996 ) 307,375 Total stockholders' equity 313,592 (1,996 ) 311,596 Revised Consolidated Statements of Operations and Comprehensive Income (in thousands): Three Months Ended March 31, 2019 As Reported Adjustment As Revised Interest and finance income $105,991 $(192) $105,799 Gross Revenue $110,167 $(192) $109,975 Net Revenue $55,544 $(192) $55,352 Income (loss) from operations, before provision for income taxes $7,260 $(192) $7,068 Net income (loss) $5,520 $(192) $5,328 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 three months ended March 31, 2019 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	3 Months Ended
	Mar. 31, 2020
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.

Going Concern

Going Concern	3 Months Ended
	Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Going Concern	Going Concern At each reporting period, we assess our ability to continue as a going concern for one year after the date the financial statements are issued. We evaluate whether relevant conditions and events, considered in the aggregate, raise substantial doubt about our ability to meet future financial obligations as they become due within one year after the date that the financial statements are issued. As required under ASC Topic 205-40, Presentation of Financial Statements - Going Concern , our initial evaluation does not initially take into consideration the potential mitigating effects of management’s plans if they have not been fully implemented as of the date the financial statements are issued. As a result of the COVID-19 pandemic and its economic impacts, we are experiencing higher delinquencies in our portfolio and, in turn, lower cash collections. While we were in compliance with the terms of our debt agreements as of March 31, 2020, the reduced collections and higher COVID-19 related delinquencies have resulted in non-compliance with certain debt agreements and are expected to result in, additional non-compliance with debt agreements in future periods. If such non-compliance is not waived by our lenders, we are not able to obtain amendments or other relief, or are otherwise unable to obtain new or alternate methods of financing on acceptable terms, such non-compliance can result in loss of ability to borrow under the facilities, early amortization events and/or events of default. Absent the mitigating actions below that management is in the midst of executing, or has already executed, management concluded that the uncertainty surrounding our future non-compliance in our debt facilities, ability to negotiate some of our existing facilities or repay outstanding indebtedness, and maintain sufficient liquidity raises substantial doubt about our ability to continue as a going concern within one year of issuance date. We have implemented the following plans to mitigate those doubts. In April 2020, we amended one of our debt facilities to obtain temporary relief from, among other things, borrowing base requirements and portfolio performance tests and in May 2020, lenders in another debt facility agreed to temporarily waive non-compliance with borrowing base requirements. Please see Note 14 for details. We are actively engaging with all of our lenders to amend our debt agreements or otherwise obtain relief, and in parallel we are exploring other financing options, including new or alternative methods of financing. We are also taking aggressive measures to reduce costs for the foreseeable future by reducing our operating expenses in the second quarter of 2020. If needed, we can choose to extend the decreases past the initial 90 day period or make them larger and/or more permanent. We have also suspended nearly all new term loan and line of credit originations, and ceased all equipment finance lending. These steps have been taken, and others are under consideration, to help manage our liquidity and preserve capital for at least the next 12 months, and we believe that such actions will alleviate the substantial doubt on our ability to continue as a going concern.

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2020
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events In late April 2020, we suspended nearly all new term loan and line of credit originations and having previously ceased all equipment finance lending. We are focused on liquidity and capital preservation and we expect there will be a significant portfolio contraction, reflecting an 80% or more reduction in the second quarter origination volume. On April 27, 2020 we amended our Loan Assets of OnDeck, LLC, or LAOD debt facility so that no borrowing base deficiency shall occur during the period from April 27, 2020 to July 16,2020, the amended period. Additionally, no portfolio performance test will be performed on the facility until the first interest payment date following the amended period. No additional loans will be sold into the facility nor will we draw additional funds on the facility during the amended period. On May 7, 2020, we obtained a temporary waiver for the OnDeck Asset Funding II, LLC, or ODAF II debt facility. Under the waiver, the lenders temporarily waived the occurrence and existence of a borrowing base deficiency reported by ODAF II on May 1, 2020 and any failure to cure such deficiency amount, in each case, until the close of business on May 14, 2020. ODAF II entered into the waiver in contemplation of obtaining a broader amendment to the ODAF II facility to enable ODAF II to remain in compliance with performance and other criteria in light of increased delinquency and other portfolio dynamics that result from COVID-impacted loans. If such an amendment is not entered into or if the borrowing base deficiency is not otherwise cured, the borrowing base deficiency would constitute an event of default under the ODAF II facility at close of business on May 14, 2020. The foregoing descriptions of the amendment of the LAOD debt facility and the temporary waiver for the ODAF II debt facility do not purport to be complete and are qualified in their entirety by reference to the amendment of the LAOD debt facility and the temporary waiver for the ODAF II debt facility, filed as exhibits 10.1 and 10.2, respectively, to this report. As of May 7, 2020, an early amortization event occurred with respect to the Series 2019-1 notes issued by OnDeck Asset Securitization Trust II LLC, or ODAST II as a result of an asset amount deficiency in that Series. Beginning on the next payment date under the ODAST II Agreement, all remaining collections held by ODAST II, after payment of accrued interest and certain expenses, will be applied to repay the principal balance of the Series 2018-1 notes and the Series 2019-1 notes on a pro rata basis.

Organization and Summary of S_2

Organization and Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2020
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, the useful lives of long-lived assets, goodwill, 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	Recently Adopted Accounting Standards In June 2016, the FASB issued ASU 2016-13, Measurement of Credit Losses on Financial Instruments . ASU 2016-13 which changed 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 replaced the incurred loss model used previously. We adopted the new standard effective January 1, 2020. Upon adoption, the $7 million liability for unfunded line of credit commitments previously included in Other liabilities was released and other transition related adjustments to the allowance for credit losses were $3 million . On January 1, 2020, the transition adjustments of a total of $10 million were recorded against retained earnings. In January 2017, the FASB issued ASU 2017-04, Intangibles-Goodwill and Other: Simplifying the Test for Goodwill Impairment , which eliminated 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. We adopted the new standard prospectively on January 1, 2020 and it did not have a material impact on our unaudited consolidated financial statements. 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. We adopted the new standard effective January 1, 2020 and the adoption did not have a material impact on our unaudited consolidated financial statements. In August 2018, the FASB issued ASU 2018-15, Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement that is a Service Contract, which requires implementation costs incurred by customers in cloud computing arrangements to be deferred over the noncancellable term of the cloud computing arrangements plus any optional renewal periods (1) that are reasonably certain to be exercised by the customer or (2) for which exercise of the renewal option is controlled by the cloud service provider. We adopted the new standard effective January 1, 2020 utilizing the prospective transition approach with no material impact on our unaudited consolidated financial statements as of March 31, 2020.
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.

Net Income (Loss) Per Common _2

Net Income (Loss) Per Common Share (Tables)	3 Months Ended
	Mar. 31, 2020
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 March 31, 2020 2019 Numerator: Net Income (loss) $ (60,038 ) $ 5,328 Less: Net income (loss) attributable to noncontrolling interest (1,063 ) (338 ) Net income (loss) attributable to On Deck Capital, Inc. common stockholders $ (58,975 ) $ 5,666 Denominator: Weighted-average common shares outstanding, basic 62,534,517 75,539,535 Net income (loss) per common share, basic $ (0.94 ) $ 0.08 Effect of dilutive securities — 3,575,502 Weighted-average common shares outstanding, diluted 62,534,517 79,115,037 Net income (loss) per common share, diluted $ (0.94 ) $ 0.07 Anti-dilutive securities excluded 12,410,306 4,863,474
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 March 31, Dilutive Common Share Equivalents 2020 2019 Weighted-average common shares outstanding 62,534,517 75,539,535 RSUs and PRSUs — 1,024,301 Stock options — 2,549,887 Employee stock purchase plan — 1,314 Total dilutive common share equivalents 62,534,517 79,115,037
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 months ended March 31, 2020 and 2019 . Three Months Ended March 31, 2020 2019 Anti-Dilutive Common Share Equivalents Warrants to purchase common stock — 22,000 RSUs and PRSUs 5,716,536 669,075 Stock options 6,693,770 4,172,399 Total anti-dilutive common share equivalents 12,410,306 4,863,474

Interest Income (Tables)

Interest Income (Tables)	3 Months Ended
	Mar. 31, 2020
Banking and Thrift, Interest [Abstract]
Summary of Interest Income	Interest income was comprised of the following components for the three months ended March 31, 2020 and 2019 (in thousands): Three Months Ended March 31, 2020 2019 Interest and finance income $ 122,283 $ 123,434 Amortization of net deferred origination costs (15,583 ) (17,892 ) Interest and finance income, net 106,700 105,542 Interest on deposits and investments 235 257 Total interest and finance income $ 106,935 $ 105,799

Loans and Finance Receivables_2

Loans and Finance Receivables Held for Investment and Allowance for Credit Losses (Tables)	3 Months Ended
	Mar. 31, 2020
Receivables [Abstract]
Schedule of Loans	Loans and finance receivables consisted of the following as of March 31, 2020 and December 31, 2019 (in thousands): March 31, 2020 December 31, 2019 Term loans $ 945,570 $ 946,322 Lines of credit 300,353 277,843 Other loans and finance receivables (1) 17,441 14,244 Total Unpaid Principal Balance 1,263,364 1,238,409 Net deferred origination costs 28,222 26,903 Total loans and finance receivables $ 1,291,586 $ 1,265,312 (1) Includes loans secured by equipment and our variable pay product in Canada.
Schedule of Allowance for Loan Losses	The change in the allowance for credit losses for the three months ended March 31, 2020 and 2019 consisted of the following (in thousands): Three Months Ended March 31, 2020 2019 Term Loans and Finance Receivables Lines of Credit Total Total Balance at beginning of period $ 116,752 $ 34,381 $ 151,133 $ 140,040 Recoveries of previously charged off amounts 5,042 555 5,597 3,914 Loans and finance receivables charged off (45,667 ) (9,561 ) (55,228 ) (39,839 ) Provision for credit losses 78,278 29,629 107,907 43,291 Transition to ASU 2016-13 Adjustment 2,800 (6,104 ) (3,304 ) — Foreign Currency Translation Adjustment (402 ) — (402 ) — Allowance for credit losses at end of period $ 156,803 $ 48,900 $ 205,703 $ 147,406
Schedule of Non-delinquent and Delinquent Loans	The following tables show an aging analysis of the unpaid principal balance related to loans and finance receivables and lines of credit, by delinquency statu s and origination year as of March 31, 2020 (in thousands): March 31, 2020 Term Loans and Finance Receivables Lines of Credit Total Origination Year By delinquency status: 2017 and prior 2018 2019 2020 2020 Current loans and finance receivables $ 5 $ 2,900 $ 347,911 $ 322,458 $ 249,301 $ 922,575 1-14 calendar days past due — 727 117,694 61,578 31,055 211,054 15-29 calendar days past due — 153 16,763 4,745 3,800 25,461 30-59 calendar days past due — 114 23,380 1,852 4,032 29,377 60-89 calendar days past due — 323 19,844 313 4,256 24,737 90 + calendar days past due 944 7,592 33,715 — 7,909 50,160 Total unpaid principal balance $ 949 $ 11,809 $ 559,307 $ 390,946 $ 300,353 $ 1,263,364 At March 31, 2020 the amount of loans that were in the delinquent, especially in the 1 to 14 days past due bucket were at a historical high, due to the broad-based pressures from COVID-19 that our customers experienced late in quarter. The following tables show an aging analysis of the unpaid principal balance related to loans and finance receivables and lines of credit, by delinquency statu s as of December 31, 2019 (in thousands): December 31, 2019 By delinquency status: Term Loans and Finance Receivables Lines of Credit Total Current loans and finance receivables $ 842,083 $ 255,981 $ 1,098,064 1-14 calendar days past due $ 23,426 $ 4,949 28,375 15-29 calendar days past due $ 15,153 $ 2,230 17,383 30-59 calendar days past due $ 20,647 $ 4,419 25,067 60-89 calendar days past due $ 18,527 $ 3,477 22,004 90 + calendar days past due $ 40,730 $ 6,787 47,516 Total unpaid principal balance $ 960,566 $ 277,843 $ 1,238,409 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 March 31, 2020 and December 31, 2019 (in thousands). At March 31, 2020, approximately 30% of our delinquent loans and finance receivables were making payments. March 31, 2020 Term Loans and Finance Receivables Lines of Credit Total Current loans and finance receivables $ 673,274 $ 249,301 $ 922,575 Delinquent: paying (accrual status) 86,396 13,885 100,281 Delinquent: non-paying (non-accrual status) 203,341 37,167 240,508 Total 963,011 300,353 1,263,364 December 31, 2019 Term Loans and Finance Receivables Lines of Credit Total Current loans and finance receivables $ 842,083 $ 255,981 $ 1,098,064 Delinquent: paying (accrual status) 33,512 5,002 38,514 Delinquent: non-paying (non-accrual status) 84,971 16,860 101,831 Total $ 960,566 $ 277,843 $ 1,238,409
Financing Receivable Credit Quality Indicators	The following table contains the breakdown of our US Term Loans by the year of origination and our risk grades, at March 31, 2020 : March 31, 2020 Origination Year Risk Grade 2020 2019 2018 2017 and prior Total W $ 124,634 $ 169,776 $ 3,094 $ 317 $ 297,821 X 73,033 99,501 2,626 35 175,195 Y 52,964 83,449 2,317 164 138,894 Z 56,372 78,831 1,306 290 136,799 $ 307,003 $ 431,557 $ 9,343 $ 806 $ 748,709

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
Summary of Outstanding Debt	The following table summarizes our outstanding debt as of March 31, 2020 and December 31, 2019 (in thousands): Outstanding Type Maturity Date Weighted Average Interest March 31, 2020 December 31, 2019 Debt: OnDeck Asset Securitization Trust II - Series 2018-1 Securitization April 2022 (1) 3.8% $ 225,000 $ 225,000 OnDeck Asset Securitization Trust II - Series 2019-1 Securitization November 2024 (2) 3.0% 125,000 125,000 OnDeck Account Receivables Trust 2013-1 Revolving March 2022 (3) 2.7% 143,241 129,512 Receivable Assets of OnDeck, LLC Revolving September 2021 (4) 2.6% 99,631 94,099 OnDeck Asset Funding II LLC Revolving August 2022 (5) 4.0% 166,913 123,840 Prime OnDeck Receivable Trust II Revolving March 2022 (6) 3.3% — — Loan Assets of OnDeck, LLC Revolving October 2022 (7) 2.7% 122,403 120,665 Corporate line of credit Revolving January 2021 4.0% 105,000 40,000 International and other agreements Various Various (8) 4.0% 63,546 64,585 3.4% 1,050,734 922,701 Deferred debt issuance cost (6,810 ) (7,706 ) Total Debt $ 1,043,924 $ 914,995 (1) The period during which new loans may be purchased under this securitization transaction expired in March 2020 . (2) The period during which new loans may be purchased under this securitization transaction expires in October 2021 . An early amortization event has occurred under this transaction, please refer to Note 14 for details. (3) The period during which new borrowings may be made under this facility expires in March 2021 . (4) The period during which new borrowings of Class A revolving loans may be made under this debt facility expires in December 2020 . (5) The period during which new borrowings may be made under this facility expires in August 2021 . (6) The period during which new borrowings may be made under this facility expires in March 2021 . (7) The period during which new borrowings may be made under this debt facility expires in April 2022 . An amendment was made to the facility on April 27, 2020, please refer to Note 13 for details. (8) Other Agreements include, among others, our local currency debt facilities in Australia and Canada. The periods during which new borrowings may be made under the various agreements expire between June 2020 and March 2023 . Maturity dates range from June 2021 through March 2023 .

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2020
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 March 31, 2020 and December 31, 2019 (in thousands): March 31, 2020 Level 1 Level 2 Level 3 Total Assets : Interest rate cap — 3 — 3 Total assets $ — $ 3 $ — $ 3 December 31, 2019 Level 1 Level 2 Level 3 Total Assets : Interest rate cap $ — $ — $ — $ — Total assets $ — $ — $ — $ —
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): March 31, 2020 Carrying Value Fair Value Level 1 Level 2 Level 3 Assets : Loans and finance receivables, net $ 1,085,883 $ 1,197,481 $ — $ — $ 1,197,481 Total assets $ 1,085,883 $ 1,197,481 $ — $ — $ 1,197,481 Liabilities: Fixed-rate debt $ 350,000 $ 302,779 $ — $ — $ 302,779 Total fixed-rate debt $ 350,000 $ 302,779 $ — $ — $ 302,779 December 31, 2019 Carrying Value Fair Value Level 1 Level 2 Level 3 Assets : Loans and finance receivables, net $ 1,114,179 $ 1,241,893 $ — $ — $ 1,241,893 Total assets $ 1,114,179 $ 1,241,893 $ — $ — $ 1,241,893 Liabilities: Fixed-rate debt $ 350,000 $ 337,510 $ — $ — $ 337,510 Total fixed-rate debt $ 350,000 $ 337,510 $ — $ — $ 337,510

Stock-Based Compensation and _2

Stock-Based Compensation and Employee Benefit Plans (Tables)	3 Months Ended
	Mar. 31, 2020
Share-based Payment Arrangement [Abstract]
Summary of Option Activity	The following is a summary of option activity for the three months ended March 31, 2020 : Number of Weighted- Weighted- Aggregate Outstanding at January 1, 2020 6,822,219 $ 5.68 — — Exercised (43,771 ) $ 0.40 — — Forfeited (73,678 ) $ 6.55 — — Expired (11,000 ) $ 5.52 — — Outstanding at March 31, 2020 6,693,770 $ 5.71 4.5 $ 2,621 Exercisable at March 31, 2020 6,182,891 $ 5.72 4.2 $ 2,621 Vested or expected to vest as of March 31, 2020 6,678,295 $ 5.71 4.5 $ 2,621
Schedule of Activities of RSUs	The following table is a summary of activity in RSUs and PRSUs for the three months ended March 31, 2020 : Number of RSUs and PRSUs Weighted-Average Grant Date Fair Value Per Share Unvested at January 1, 2020 4,185,560 $ 5.32 RSUs and PRSUs Granted 1,961,929 $ 3.61 RSUs and PRSUs Vested (156,320 ) $ 6.47 RSUs and PRSUs Forfeited/Expired (274,633 ) $ 5.71 Unvested at March 31, 2020 5,716,536 $ 4.69 Expected to vest after March 31, 2020 4,525,071 $ 4.69
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 ended March 31, 2020 and 2019 (in thousands). We had a number of forfeitures in our Sales and Marketing personnel which resulted in a reversal of expenses for the three months ending March 31, 2020 . For the three months ending March 31, 2020 2019 Sales and marketing $ (23 ) $ 559 Technology and analytics 460 828 Processing and servicing 99 90 General and administrative 880 1,606 Total $ 1,416 $ 3,083

Business Combination (Tables)

Business Combination (Tables)	3 Months Ended
	Mar. 31, 2020
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 at Combination 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 March 31, 2020 and December 31, 2019.

Derivatives and Hedging (Tables

Derivatives and Hedging (Tables)	3 Months Ended
	Mar. 31, 2020
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 March 31, 2020 and December 31, 2019 (in thousands): Derivative Type Classification March 31, 2020 December 31, 2019 Assets: Interest rate cap agreement Other Assets $ 3 $ —
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss)	The table below presents the effect of cash flow hedge accounting on AOCI for the three months ended March 31, 2020 and 2019 (in thousands): March 31, 2020 March 31, 2019 Amount Recognized in OCI on Derivative: Interest rate cap agreement $ 270 $ 742
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 months ended March 31, 2020 and 2019 (in thousands): Location and Amount of Gain or (Loss) Recognized in Income on Cash Flow Hedging Relationships Three Months Ended March 31, 2020 2019 Interest expense (267 ) (135 )

Revisions of Prior Period Fin_2

Revisions of Prior Period Financial Statements (Tables)	3 Months Ended
	Mar. 31, 2020
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 March 31, 2019 (in thousands): As Reported Adjustment As Revised Loans and finance receivables 1,202,531 240 1,202,771 Total assets 1,224,658 240 1,224,898 Accrued expenses and other liabilities 61,097 2,236 63,333 Total liabilities 911,066 2,236 913,302 Accumulated deficit (189,297 ) (1,996 ) (191,293 ) Total On Deck Capital, Inc. stockholders' equity 309,371 (1,996 ) 307,375 Total stockholders' equity 313,592 (1,996 ) 311,596 Revised Consolidated Statements of Operations and Comprehensive Income (in thousands): Three Months Ended March 31, 2019 As Reported Adjustment As Revised Interest and finance income $105,991 $(192) $105,799 Gross Revenue $110,167 $(192) $109,975 Net Revenue $55,544 $(192) $55,352 Income (loss) from operations, before provision for income taxes $7,260 $(192) $7,068 Net income (loss) $5,520 $(192) $5,328

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
	Mar. 31, 2020	Mar. 31, 2019
Numerator:
Net Income (loss)	$ (60,038)	$ 5,328
Less: Net income (loss) attributable to noncontrolling interest	(1,063)	(338)
Net income (loss) attributable to On Deck Capital, Inc. common stockholders	$ (58,975)	$ 5,666
Denominator:
Weighted-average common shares outstanding, basic (in shares)	62,534,517	75,539,535
Net income (loss) per common share, basic (in dollars per share)	$ (0.94)	$ 0.08
Effect of dilutive securities (in shares)	0	3,575,502
Weighted-average common shares outstanding, diluted (in shares)	62,534,517	79,115,037
Net income (loss) per common share, diluted (in dollars per share)	$ (0.94)	$ 0.07
Anti-dilutive securities excluded (in shares)	12,410,306	4,863,474

Organization and Summary of S_3

Organization and Summary of Significant Accounting Policies (Narrative) (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Jan. 01, 2020	Dec. 31, 2019	Jun. 30, 2019	Apr. 01, 2019	Mar. 31, 2019	Dec. 31, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit losses on loans and leases	$ (205,703)		$ (151,133)			$ (147,406)	$ (140,040)
Increase in stockholders' equity	213,404		296,246			311,596	$ 302,485
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]
Increase in stockholders' equity						$ (1,996)
Under accrual of commissions on renewal loans				$ 2,400
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%
Cumulative Effect, Period Of Adoption, Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Increase in stockholders' equity			10,468
Cumulative Effect, Period Of Adoption, Adjustment | Accounting Standards Update 2016-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit losses on unfunded commitments		$ 7,000
Increase in stockholders' equity		10,000
Lines of credit
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit losses on loans and leases	$ (48,900)		$ (34,381)
Lines of credit | Cumulative Effect, Period Of Adoption, Adjustment | Accounting Standards Update 2016-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit losses on loans and leases		$ 3,000

Net Income (Loss) Per Common _4

Net Income (Loss) Per Common Share (Dilutive Common Share Equivalents) (Details) - shares	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Weighted-average common shares outstanding, basic (in shares)	62,534,517	75,539,535
Effect of dilutive securities (in shares)	0	3,575,502
Weighted-average common shares outstanding, diluted (in shares)	62,534,517	79,115,037
RSUs and PRSUs
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Effect of dilutive securities (in shares)	0	1,024,301
Stock options
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Effect of dilutive securities (in shares)	0	2,549,887
Employee stock purchase plan
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Effect of dilutive securities (in shares)	0	1,314

Net Income (Loss) Per Common _5

Net Income (Loss) Per Common Share (Anti-Dilutive Common Share Equivalents) (Details) - shares	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded (in shares)	12,410,306	4,863,474
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded (in shares)	6,693,770	4,172,399
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
RSUs and PRSUs
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded (in shares)	5,716,536	669,075

Net Income (Loss) Per Common _6

Net Income (Loss) Per Common Share (Narrative) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Feb. 11, 2020	Jul. 29, 2019
Earnings Per Share [Abstract]
Stock repurchase program, authorized amount			$ 50,000,000	$ 50,000,000
Repurchases of common stock (in shares)	8,096,613	7,490,094
Repurchases of common stock	$ 32,862,000	$ 33,000,000

Interest Income (Details)

Interest Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Banking and Thrift, Interest [Abstract]
Interest and finance income	$ 122,283	$ 123,434
Amortization of net deferred origination costs	(15,583)	(17,892)
Interest and finance income, net	106,700	105,542
Interest on deposits and investments	235	257
Total interest and finance income	$ 106,935	$ 105,799

Loans and Finance Receivables_3

Loans and Finance Receivables Held for Investment and Allowance for Credit Losses (Loans) (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total unpaid principal balance	$ 1,263,364	$ 1,238,409
Net deferred origination costs	28,222	26,903
Total loans and finance receivables	1,291,586	1,265,312	$ 1,202,771
Term loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total unpaid principal balance	945,570	946,322
Total loans and finance receivables	748,709
Lines of credit
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total unpaid principal balance	300,353	277,843
Other loans and finance receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total unpaid principal balance	$ 17,441	$ 14,244

Loans and Finance Receivables_4

Loans and Finance Receivables Held for Investment and Allowance for Credit Losses (Narrative) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Jan. 01, 2020	Dec. 31, 2019	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Originations of loans held for investment, modified	$ 510,613,000	$ 537,147,000
Allowance for credit losses on loans and leases	(205,703,000)	(147,406,000)		$ (151,133,000)	$ (140,040,000)
Increase in stockholders' equity	213,404,000	311,596,000		296,246,000	$ 302,485,000
Proceeds from sale of previously charged-off loans	$ 1,200,000	0
Financing Receivable, Percent Past Due	30.00%
Financial Institutions Borrower
Accounts, Notes, Loans and Financing Receivable [Line Items]
Originations of loans held for investment, modified	$ 109,700,000	$ 111,500,000
Cumulative Effect, Period Of Adoption, Adjustment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Increase in stockholders' equity				10,468,000
Lines of credit
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses on loans and leases	$ (48,900,000)			$ (34,381,000)
Accounting Standards Update 2016-13 | Cumulative Effect, Period Of Adoption, Adjustment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses on unfunded commitments			$ 7,000,000
Increase in stockholders' equity			10,000,000
Accounting Standards Update 2016-13 | Lines of credit | Cumulative Effect, Period Of Adoption, Adjustment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses on loans and leases			$ 3,000,000

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
	Mar. 31, 2020	Mar. 31, 2019
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance at beginning of period	$ 151,133	$ 140,040
Recoveries of previously charged off amounts	5,597	3,914
Loans and finance receivables charged off	(55,228)	(39,839)
Provision for credit losses	107,907	43,291
Transition to ASU 2016-13 Adjustment	(3,304)	0
Foreign Currency Translation Adjustment	(402)	0
Allowance for credit losses at end of period	205,703	$ 147,406
Term Loans and Finance Receivables
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance at beginning of period	116,752
Recoveries of previously charged off amounts	5,042
Loans and finance receivables charged off	(45,667)
Provision for credit losses	78,278
Transition to ASU 2016-13 Adjustment	2,800
Foreign Currency Translation Adjustment	(402)
Allowance for credit losses at end of period	156,803
Lines of credit
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance at beginning of period	34,381
Recoveries of previously charged off amounts	555
Loans and finance receivables charged off	(9,561)
Provision for credit losses	29,629
Transition to ASU 2016-13 Adjustment	(6,104)
Foreign Currency Translation Adjustment	0
Allowance for credit losses at end of period	$ 48,900

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	Mar. 31, 2020	Dec. 31, 2019
Financing Receivable, Past Due [Line Items]
Current loans and finance receivables	$ 922,575	$ 1,098,064
Delinquent: paying (accrual status)	100,281	38,514
Delinquent: non-paying (non-accrual status)	240,508	101,831
Total unpaid principal balance	1,263,364	1,238,409
Term Loans and Finance Receivables
Financing Receivable, Past Due [Line Items]
Current loans and finance receivables	673,274	842,083
Delinquent: paying (accrual status)	86,396	33,512
Delinquent: non-paying (non-accrual status)	203,341	84,971
Total unpaid principal balance	963,011	960,566
Lines of credit
Financing Receivable, Past Due [Line Items]
Current loans and finance receivables	249,301	255,981
Delinquent: paying (accrual status)	13,885	5,002
Delinquent: non-paying (non-accrual status)	37,167	16,860
Total unpaid principal balance	$ 300,353	$ 277,843

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	Mar. 31, 2020	Dec. 31, 2019
Financing Receivable, Past Due [Line Items]
Current loans and finance receivables	$ 922,575	$ 1,098,064
Delinquent: paying (accrual status)	100,281	38,514
Total unpaid principal balance	1,263,364	1,238,409
1-14 calendar days past due
Financing Receivable, Past Due [Line Items]
Delinquent: paying (accrual status)	211,054	28,375
15-29 calendar days past due
Financing Receivable, Past Due [Line Items]
Delinquent: paying (accrual status)	25,461	17,383
30-59 calendar days past due
Financing Receivable, Past Due [Line Items]
Delinquent: paying (accrual status)	29,377	25,067
60-89 calendar days past due
Financing Receivable, Past Due [Line Items]
Delinquent: paying (accrual status)	24,737	22,004
90 calendar days past due
Financing Receivable, Past Due [Line Items]
Delinquent: paying (accrual status)	50,160	47,516
Term Loans and Finance Receivables
Financing Receivable, Past Due [Line Items]
Loans and financing receivable, originated in 2020	390,946
Loans and financing receivable, originated in 2019	559,307
Loans and financing receivable, originated in 2018	11,809
2017 and prior	949
Current loans and finance receivables	673,274	842,083
Delinquent: paying (accrual status)	86,396	33,512
Total unpaid principal balance	963,011	960,566
Term Loans and Finance Receivables | Current loans and finance receivables
Financing Receivable, Past Due [Line Items]
Loans and financing receivable, originated in 2020	322,458
Loans and financing receivable, originated in 2019	347,911
Loans and financing receivable, originated in 2018	2,900
2017 and prior	5
Term Loans and Finance Receivables | 1-14 calendar days past due
Financing Receivable, Past Due [Line Items]
Loans and financing receivable, originated in 2020	61,578
Loans and financing receivable, originated in 2019	117,694
Loans and financing receivable, originated in 2018	727
2017 and prior	0
Delinquent: paying (accrual status)		23,426
Term Loans and Finance Receivables | 15-29 calendar days past due
Financing Receivable, Past Due [Line Items]
Loans and financing receivable, originated in 2020	4,745
Loans and financing receivable, originated in 2019	16,763
Loans and financing receivable, originated in 2018	153
2017 and prior	0
Delinquent: paying (accrual status)		15,153
Term Loans and Finance Receivables | 30-59 calendar days past due
Financing Receivable, Past Due [Line Items]
Loans and financing receivable, originated in 2020	1,852
Loans and financing receivable, originated in 2019	23,380
Loans and financing receivable, originated in 2018	114
2017 and prior	0
Delinquent: paying (accrual status)		20,647
Term Loans and Finance Receivables | 60-89 calendar days past due
Financing Receivable, Past Due [Line Items]
Loans and financing receivable, originated in 2020	313
Loans and financing receivable, originated in 2019	19,844
Loans and financing receivable, originated in 2018	323
2017 and prior	0
Delinquent: paying (accrual status)		18,527
Term Loans and Finance Receivables | 90 calendar days past due
Financing Receivable, Past Due [Line Items]
Loans and financing receivable, originated in 2020	0
Loans and financing receivable, originated in 2019	33,715
Loans and financing receivable, originated in 2018	7,592
2017 and prior	944
Delinquent: paying (accrual status)		40,730
Lines of credit
Financing Receivable, Past Due [Line Items]
Current loans and finance receivables	249,301	255,981
Delinquent: paying (accrual status)	13,885	5,002
Total unpaid principal balance	300,353	277,843
Lines of credit | 1-14 calendar days past due
Financing Receivable, Past Due [Line Items]
Delinquent: paying (accrual status)	31,055	4,949
Lines of credit | 15-29 calendar days past due
Financing Receivable, Past Due [Line Items]
Delinquent: paying (accrual status)	3,800	2,230
Lines of credit | 30-59 calendar days past due
Financing Receivable, Past Due [Line Items]
Delinquent: paying (accrual status)	4,032	4,419
Lines of credit | 60-89 calendar days past due
Financing Receivable, Past Due [Line Items]
Delinquent: paying (accrual status)	4,256	3,477
Lines of credit | 90 calendar days past due
Financing Receivable, Past Due [Line Items]
Delinquent: paying (accrual status)	$ 7,909	$ 6,787

Loans and Finance Receivables_8

Loans and Finance Receivables Held for Investment and Allowance for Credit Losses (Credit Quality) (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans and finance receivables	$ 1,291,586	$ 1,265,312	$ 1,202,771
Term loans
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and financing receivable, originated in 2020	307,003
Loans and financing receivable, originated in 2019	431,557
Loans and financing receivable, originated in 2018	9,343
2017 and prior	806
Total loans and finance receivables	748,709
W | Term loans
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and financing receivable, originated in 2020	124,634
Loans and financing receivable, originated in 2019	169,776
Loans and financing receivable, originated in 2018	3,094
2017 and prior	317
Total loans and finance receivables	297,821
X | Term loans
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and financing receivable, originated in 2020	73,033
Loans and financing receivable, originated in 2019	99,501
Loans and financing receivable, originated in 2018	2,626
2017 and prior	35
Total loans and finance receivables	175,195
Y | Term loans
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and financing receivable, originated in 2020	52,964
Loans and financing receivable, originated in 2019	83,449
Loans and financing receivable, originated in 2018	2,317
2017 and prior	164
Total loans and finance receivables	138,894
Z | Term loans
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and financing receivable, originated in 2020	56,372
Loans and financing receivable, originated in 2019	78,831
Loans and financing receivable, originated in 2018	1,306
2017 and prior	290
Total loans and finance receivables	$ 136,799

Debt (Details)

Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Mar. 23, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Weighted Average Interest Rate at March 31, 2020	3.40%
Total	$ 1,043,924		$ 914,995
OnDeck Asset Securitization Trust II - Series 2018-1 | Secured Debt
Debt Instrument [Line Items]
Weighted Average Interest Rate at March 31, 2020	3.80%
Debt	$ 225,000		225,000
OnDeck Asset Securitization Trust II - Series 2019-1 | Secured Debt
Debt Instrument [Line Items]
Weighted Average Interest Rate at March 31, 2020	3.00%
Debt	$ 125,000		125,000
OnDeck Account Receivables Trust 2013-1 | Revolving Credit Facility
Debt Instrument [Line Items]
Weighted Average Interest Rate at March 31, 2020	2.70%
Debt	$ 143,241		129,512
Receivable Assets of OnDeck, LLC | Revolving Credit Facility
Debt Instrument [Line Items]
Weighted Average Interest Rate at March 31, 2020	2.60%
Debt	$ 99,631		94,099
OnDeck Asset Funding II LLC | Revolving Credit Facility
Debt Instrument [Line Items]
Weighted Average Interest Rate at March 31, 2020	4.00%
Debt	$ 166,913		123,840
Prime OnDeck Receivable Trust II | Revolving Credit Facility
Debt Instrument [Line Items]
Weighted Average Interest Rate at March 31, 2020	3.30%
Debt	$ 0		0
Loan Assets of OnDeck, LLC | Revolving Credit Facility
Debt Instrument [Line Items]
Weighted Average Interest Rate at March 31, 2020	2.70%
Debt	$ 122,403		120,665
Corporate line of credit | Revolving Credit Facility
Debt Instrument [Line Items]
Weighted Average Interest Rate at March 31, 2020	4.00%
Debt	$ 105,000	$ 40,000	40,000
International and other agreements
Debt Instrument [Line Items]
Weighted Average Interest Rate at March 31, 2020	4.00%
Debt	$ 63,546		64,585
Debt
Debt Instrument [Line Items]
Debt	1,050,734		922,701
Deferred debt issuance cost	(6,810)		(7,706)
Total	$ 1,043,924		$ 914,995

Debt (Narrative) (Details)

Debt (Narrative) (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Mar. 23, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Loans held for investment that are pledged as collateral	$ 1,200,000		$ 1,000,000
Corporate line of credit | Revolving Credit Facility
Debt Instrument [Line Items]
Debt	$ 105,000	$ 40,000	$ 40,000

Fair Value of Financial Instr_3

Fair Value of Financial Instruments (Assets and Liabilities Measured on Recurring Basis) (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
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	1,197,481	1,241,893
Recurring Basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	3	0
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	3	0
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	3	0
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	3	0
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	Mar. 31, 2020	Dec. 31, 2019
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	1,197,481	1,241,893
Total assets	1,197,481	1,241,893
Fixed-rate debt	302,779	337,510
Total fixed-rate debt	302,779	337,510
Carrying Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans and finance receivables, net	1,085,883	1,114,179
Total assets	1,085,883	1,114,179
Fixed-rate debt	350,000	350,000
Total fixed-rate debt	350,000	350,000
Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans and finance receivables, net	1,197,481	1,241,893
Total assets	1,197,481	1,241,893
Fixed-rate debt	302,779	337,510
Total fixed-rate debt	$ 302,779	$ 337,510

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Income Tax Disclosure [Abstract]
Income tax provision	$ 0	$ 1,740,000
Income tax provision effective rate		24.00%

Stock-Based Compensation and _3

Stock-Based Compensation and Employee Benefit Plans (Summary of Option Activity) (Details) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2020USD ($)$ / sharesshares
Number of Options
Beginning balance (in shares) | shares	6,822,219
Exercised (in shares) | shares	(43,771)
Forfeited (in shares) | shares	(73,678)
Expired (in shares) | shares	(11,000)
Ending balance (in shares) | shares	6,693,770
Exercisable, number of options (in shares) | shares	6,182,891
Vested or expected to vest, number of options (in shares) | shares	6,678,295
Weighted- Average Exercise Price
Beginning balance (in dollars per share) | $ / shares	$ 5.68
Exercised (in dollars per share) | $ / shares	0.40
Forfeited (in dollars per share) | $ / shares	6.55
Expired (in dollars per share) | $ / shares	5.52
Ending balance (in dollars per share) | $ / shares	5.71
Exercisable, weighted-average exercise price (in dollars per share) | $ / shares	5.72
Vested or expected to vest, weighted-average exercise price (in dollars per share) | $ / shares	$ 5.71
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Outstanding, weighted-average remaining contractual term	4 years 5 months 28 days
Outstanding, aggregate intrinsic value | $	$ 2,621
Exercisable, weighted-average remaining contractual term	4 years 2 months 24 days
Exercisable, aggregate intrinsic value | $	$ 2,621
Vested or expected to vest, weighted-average remaining contractual term	4 years 5 months 28 days
Vested or expected to vest, aggregate intrinsic value | $	$ 2,621

Stock-Based Compensation and _4

Stock-Based Compensation and Employee Benefit Plans (Options) (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Share-based Payment Arrangement [Abstract]
Compensation cost for nonvested option awards not yet recognized	$ 0.9
Weighted-average recognition period	1 year 8 months 12 days
Aggregate intrinsic value	$ 0.2	$ 1.1

Stock-Based Compensation and _5

Stock-Based Compensation and Employee Benefit Plans (Restricted Stock Unit Activity) (Details) - RSUs and PRSUs	3 Months Ended
	Mar. 31, 2020$ / sharesshares
Number of RSUs and PRSUs
Unvested beginning balance (in shares) | shares	4,185,560
RSUs and PRSUs granted (in shares) | shares	1,961,929
RSUs and PRSUs vested (in shares) | shares	(156,320)
RSUs and PRSUs forfeited/expired (in shares) | shares	(274,633)
Unvested ending balance (in shares) | shares	5,716,536
Expected to vest after September 30, 2019 (in shares) | shares	4,525,071
Weighted-Average Grant Date Fair Value Per Share
Unvested, beginning balance (in dollars per share) | $ / shares	$ 5.32
RSUs and PRSUs granted (in dollars per share) | $ / shares	3.61
RSUs and PRSUs vested (in dollars per share) | $ / shares	6.47
RSUs and PRSUs forfeited/expired (in dollars per share) | $ / shares	5.71
Unvested, ending balance (in dollars per share) | $ / shares	4.69
Expected to vest after September 30, 2019 (in dollars per share) | $ / shares	$ 4.69

Stock-Based Compensation and _6

Stock-Based Compensation and Employee Benefit Plans (Restricted Stock Units) (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recognition period	1 year 8 months 12 days
RSUs and PRSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost		$ 16.1
Recognition period		2 years 11 months

Stock-Based Compensation and _7

Stock-Based Compensation and Employee Benefit Plans (Stock-based Compensation Expense) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	$ 1,416	$ 3,083
Sales and marketing
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	(23)	559
Technology and analytics
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	460	828
Processing and servicing
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	99	90
General and administrative
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	$ 880	$ 1,606

Business Combination (Narrative

Business Combination (Narrative) (Details) - USD ($) $ in Thousands	Apr. 01, 2019	Mar. 31, 2020	Dec. 31, 2019
Business Acquisition [Line Items]
Mezzanine equity balance		$ 13,112	$ 14,428
On Deck Capital Canada
Business Acquisition [Line Items]
Ownership percentage	58.50%
Purchase price	$ 16,700
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
Redeemable noncontrolling interest, fair value amount	$ 16,100

Derivatives and Hedging (Narrat

Derivatives and Hedging (Narrative) (Details) - Designated as Hedging Instrument - Interest Rate Cap	3 Months Ended
	Mar. 31, 2020USD ($)
Derivative [Line Items]
Derivative, notional amount	$ 300,000,000
Reclassification out of Accumulated Other Comprehensive Income
Derivative [Line Items]
Reclassified interest expense	$ 600,000

Derivative and Hedging (Fair Va

Derivative and Hedging (Fair Value by Balance Sheet Location) (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Interest Rate Cap | Other Assets
Derivatives, Fair Value [Line Items]
Interest rate cap agreement	$ 3	$ 0

Derivatives and Hedging (Deriva

Derivatives and Hedging (Derivative Instruments, Gain (Loss)) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Interest rate cap agreement	$ 270	$ (742)
Interest Rate Cap
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Interest rate cap agreement	$ 270	$ 742

Derivative and Hedging (Effects

Derivative and Hedging (Effects of Cash Flow Hedges) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Investment Income (Expense) | Cash Flow Hedging
Derivative Instruments, Gain (Loss) [Line Items]
Interest expense	$ (267)	$ (135)

Revisions of Prior Period Fin_3

Revisions of Prior Period Financial Statements (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Loans and finance receivables	$ 1,291,586	$ 1,202,771	$ 1,265,312
Total assets	1,337,178	1,224,898	1,304,583
Accrued expenses and other liabilities	56,834	63,333	70,110
Total liabilities	1,110,662	913,302	993,909
Accumulated deficit	(217,509)	(191,293)	(169,002)
Total On Deck Capital, Inc. stockholders' equity	212,256	307,375	294,000
Total stockholders' equity	213,404	311,596	$ 296,246	$ 302,485
Income Statement [Abstract]
Interest and finance income	106,935	105,799
Gross revenue		109,975
Net revenue		55,352
Income (loss) from operations, before provision for income taxes	(60,038)	7,068
Net income (loss)	$ (60,038)	5,328
Previously Reported
Statement of Financial Position [Abstract]
Loans and finance receivables		1,202,531
Total assets		1,224,658
Accrued expenses and other liabilities		61,097
Total liabilities		911,066
Accumulated deficit		(189,297)
Total On Deck Capital, Inc. stockholders' equity		309,371
Total stockholders' equity		313,592
Income Statement [Abstract]
Interest and finance income		105,991
Gross revenue		110,167
Net revenue		55,544
Income (loss) from operations, before provision for income taxes		7,260
Net income (loss)		5,520
Restatement Adjustment
Statement of Financial Position [Abstract]
Loans and finance receivables		240
Total assets		240
Accrued expenses and other liabilities		2,236
Total liabilities		2,236
Accumulated deficit		(1,996)
Total On Deck Capital, Inc. stockholders' equity		(1,996)
Total stockholders' equity		(1,996)
Income Statement [Abstract]
Interest and finance income		(192)
Gross revenue		(192)
Net revenue		(192)
Income (loss) from operations, before provision for income taxes		(192)
Net income (loss)		$ (192)

Subsequent Events (Details)

Subsequent Events (Details)	1 Months Ended
	Apr. 30, 2020
Subsequent Event
Subsequent Event [Line Items]
Decrease in second quarter loan originations, percent	80.00%