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Basis of Presentation (Tables)

9 Months Ended

Sep. 30, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Finite-Lived Intangible Assets

The table below presents the amortization period and carrying value of our intangible assets, net of accumulated amortization at September 30, 2021.

Table 2.1 – Intangible Assets – Activity

						Intangible Assets at Acquisition						Accumulated Amortization at September 30, 2021						Carrying Value at September 30, 2021						Weighted Average Amortization Period (in years)
(Dollars in Thousands)
Borrower network						$	45,300					$	(12,672)					$	32,628					7
Broker network						18,100						(9,352)						8,748						5
Non-compete agreements						9,500						(6,806)						2,694						3
Tradenames						4,000						(2,861)						1,139						3
Developed technology						1,800						(1,763)						37						2
Loan administration fees on existing loan assets						2,600						(2,600)						—						1
Total						$	81,300					$	(36,054)					$	45,246					6

Finite-lived Intangible Assets Amortization Expense

. Estimated future amortization expense is summarized in the table below.

Table 2.2 – Intangible Asset Amortization Expense by Year

(In Thousands)																		September 30, 2021
2021 (3 months)																		$	3,685
2022																		12,800
2023																		10,091
2024																		7,073
2025 and thereafter																		11,597
Total Future Intangible Asset Amortization																		$	45,246

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- Definition

Tabular disclosure of amortization expense of assets, excluding financial assets, that lack physical substance, having a limited useful life.

+ References

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- Definition

Tabular disclosure of finite-lived intangible assets acquired as part of a business combination or through an asset purchase, by major class and in total, including the value of the asset acquired, any significant residual value (the expected value of the asset at the end of its useful life) and the weighted-average amortization period.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275

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