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Basis of Presentation (Tables)

3 Months Ended

Mar. 31, 2024

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 March 31, 2024.

Table 2.1 – Intangible Assets – Activity

						Intangible Assets at Acquisition						Accumulated Amortization at March 31, 2024						Carrying Value at March 31, 2024						Weighted Average Amortization Period (in years)
(Dollars in Thousands)
Borrower network						$	56,300					$	(31,601)					$	24,699					7
Broker network						18,100						(18,100)						—						5
Non-compete agreements						11,400						(10,608)						792						3
Tradenames						4,400						(4,234)						166						3
Developed technology						1,800						(1,800)						—						2
Loan administration fees on existing loan assets						2,600						(2,600)						—						1
Total						$	94,600					$	(68,943)					$	25,657					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)																								March 31, 2024
2024 (9 months)																								$	6,609
2025																								8,426
2026																								6,694
2027																								1,571
2028 and thereafter																								2,357
Total Future Intangible Asset Amortization																								$	25,657

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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
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482665/350-30-50-1

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