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Basis of Presentation (Tables)
9 Months Ended
Sep. 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 September 30, 2023.
Table 2.1 – Intangible Assets – Activity
Intangible Assets at AcquisitionAccumulated Amortization at September 30, 2023Carrying Value at September 30, 2023Weighted Average Amortization Period (in years)
(Dollars in Thousands)
Borrower network$56,300 $(27,580)$28,720 7
Broker network18,100 (16,592)1,508 5
Non-compete agreements11,400 (10,292)1,108 3
Tradenames4,400 (4,166)234 3
Developed technology1,800 (1,800)— 2
Loan administration fees on existing loan assets2,600 (2,600)— 1
Total$94,600 $(63,030)$31,570 6
Schedule of 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, 2023
2023 (3 months)$3,109 
20249,412 
20258,426 
20266,694 
20271,571 
2028 and thereafter2,358 
Total Future Intangible Asset Amortization$31,570 
Schedule of Pro Forma Information Table 2.3 – Unaudited Pro Forma Financial Information
Three Months Ended September 30, 2022Nine Months Ended September 30, 2022
(In Thousands)
Supplementary pro forma information:
Net interest income$34,935 $132,475 
Non-interest (loss) income(37,135)(121,614)
Net (loss) income(50,411)(117,090)