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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Assets    
Unrestricted cash and cash equivalents $ 350,907 $ 339,338
Restricted cash and cash equivalents 56,256 44,315
Loans, interest and fees receivable, at fair value 2,277,379 2,173,759
Loans at amortized cost, net (including $2.4 million and $1.8 million of allowance for credit losses at June 30, 2024 and December 31, 2023, respectively; and $18.1 million and $17.9 million of deferred revenue at June 30, 2024 and December 31, 2023, respectively) 97,469 98,425
Property at cost, net of depreciation 10,269 11,445
Operating lease right-of-use assets 11,111 11,310
Prepaid expenses and other assets 33,870 27,853
Total assets 2,837,261 2,706,445
Liabilities    
Accounts payable and accrued expenses 70,579 61,634
Operating lease liabilities 19,679 20,180
Notes Payable, net held by VIEs 1,879,071 1,861,685
Senior notes, net 199,496 144,453
Income tax liability 97,128 85,826
Total liabilities 2,265,953 2,173,778
Commitments and contingencies (Note 10)
Shareholders' Equity    
Common stock, no par value, 150,000,000 shares authorized: 14,748,938 and 14,603,563 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively 0 0
Paid-in capital 88,705 87,415
Retained earnings 345,110 307,260
Total shareholders’ equity 433,815 394,675
Noncontrolling interests (2,907) (2,258)
Total equity 430,908 392,417
Total liabilities, shareholders' equity and temporary equity 2,837,261 2,706,445
Series A Preferred Stock [Member]    
Liabilities    
Series A preferred stock, 400,000 shares issued and outstanding (liquidation preference - $40.0 million) at June 30, 2024 and December 31, 2023 (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 (liquidation preference - $40.0 million) at June 30, 2024 and December 31, 2023 (Note 5) (1) 100,400 100,250
Class B preferred units issued to noncontrolling interests (Note 5) 100,400 100,250
Shareholders' Equity    
Series B preferred stock, no par value, 3,300,704 shares issued and outstanding at June 30, 2024 (liquidation preference - $82.5 million); 3,256,561 shares issued and outstanding at December 31, 2023 (liquidation preference - $81.4 million) (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.