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Basis of Presentation (Tables)
6 Months Ended
Jun. 30, 2023
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 June 30, 2023.
Table 2.1 – Intangible Assets – Activity
Intangible Assets at AcquisitionAccumulated Amortization at June 30, 2023Carrying Value at June 30, 2023Weighted Average Amortization Period (in years)
(Dollars in Thousands)
Borrower network$56,300 $(25,570)$30,730 7
Broker network18,100 (15,687)2,413 5
Non-compete agreements11,400 (10,133)1,267 3
Tradenames4,400 (4,133)267 3
Developed technology1,800 (1,800)— 2
Loan administration fees on existing loan assets2,600 (2,600)— 1
Total$94,600 $(59,923)$34,677 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)June 30, 2023
2023 (6 months)$6,216 
20249,412 
20258,426 
20266,694 
20271,571 
2028 and thereafter2,358 
Total Future Intangible Asset Amortization$34,677 
Pro Forma Information Table 2.3 – Unaudited Pro Forma Financial Information
Three Months Ended June 30, 2022Six Months Ended June 30, 2022
(In Thousands)
Supplementary pro forma information:
Net interest income$42,726 $97,540 
Non-interest (loss) income(106,880)(84,479)
Net (loss) income(99,359)(67,131)