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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Assets    
Unrestricted cash and cash equivalents $ 339,338 $ 384,984
Restricted cash and cash equivalents 44,315 48,208
Loans, interest and fees receivable:    
Loans, interest and fees receivable, at fair value 2,173,759 1,817,976
Loans at amortized cost 118,045 105,267
Allowances for credit losses (1,759) (1,643)
Deferred revenue (17,861) (16,190)
Net loans, interest and fees receivable 2,272,184 1,905,410
Property at cost, net of depreciation 11,445 10,013
Operating lease right-of-use assets 11,310 11,782
Prepaid expenses and other assets 27,853 27,417
Total assets 2,706,445 2,387,814
Liabilities    
Accounts payable and accrued expenses 61,634 44,332
Operating lease liabilities 20,180 20,112
Notes Payable, net held by VIEs 1,861,685 1,653,306
Senior notes, net 144,453 144,385
Income tax liability 85,826 60,689
Total liabilities 2,173,778 1,922,824
Commitments and contingencies (Note 11)
Shareholders' Equity    
Common stock, no par value, 150,000,000 shares authorized: 14,603,563 and 14,453,415 shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively 0 0
Paid-in capital 87,415 121,996
Retained earnings 307,260 204,415
Total shareholders’ equity 394,675 326,411
Noncontrolling interests (2,258) (1,371)
Total equity 392,417 325,040
Total liabilities, shareholders' equity and temporary equity 2,706,445 2,387,814
Series A Preferred Stock [Member]    
Liabilities    
Series A preferred stock, 400,000 shares issued and outstanding at December 31, 2023 (liquidation preference - $40.0 million); 400,000 shares issued and outstanding at December 31, 2022 (Note 5) (1) [1] 40,000 40,000
Class B preferred units issued to noncontrolling interests (Note 5) [1] 40,000 40,000
Series B Preferred Stock [Member]    
Liabilities    
Series A preferred stock, 400,000 shares issued and outstanding at December 31, 2023 (liquidation preference - $40.0 million); 400,000 shares issued and outstanding at December 31, 2022 (Note 5) (1) 100,250 99,950
Class B preferred units issued to noncontrolling interests (Note 5) 100,250 99,950
Shareholders' Equity    
Series B preferred stock, no par value, 3,256,561 shares issued and outstanding at December 31, 2023 (liquidation preference - $81.4 million); 3,204,640 shares issued and outstanding at December 31, 2022 (1) [1] $ 0 $ 0
[1] Both the Series A preferred stock and the Series B preferred stock have no par value and are part of the same aggregate 10,000,000 shares authorized.