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Other assets and other liabilities (Tables) | 6 Months Ended
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Jun. 30, 2022
Other assets and other liabilities |
Schedule of other assets and other liabilities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(in thousands) |  | June 30, 2022 |  | December 31, 2021 |
Other assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Deferred tax asset |  | $ | 3,601 |  | $ | 3,601 | ​
Deferred loan exit fees | ​ | ​ | 32,943 | ​ | ​ | 25,923 | ​
Accrued interest | ​ | ​ | 37,316 | ​ | ​ | 21,873 | ​
Goodwill | ​ | ​ | 34,172 | ​ | ​ | 31,470 | ​
Due from servicers | ​ | ​ | 29,861 | ​ | ​ | 23,729 | ​
Right-of-use lease asset | ​ | ​ | 1,828 | ​ | ​ | 2,402 | ​
Intangible assets |  | ​ | 14,058 |  | ​ | 14,842 | ​
Deferred financing costs | ​ | ​ | 3,540 | ​ | ​ | 3,840 | ​
PPP fee receivable | ​ | ​ | 346 | ​ | ​ | 407 | ​
Receivable from third party | ​ | ​ | 7,497 | ​ | ​ | 29,298 | ​
Other assets | ​ | ​ | 18,725 | ​ | ​ | 14,713 | ​
Other assets |  | $ | 183,887 | ​ | $ | 172,098 | ​
Accounts payable and other accrued liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Deferred tax liability | ​ | $ | 11,986 | ​ | $ | 11,986 | ​
Accrued salaries, wages and commissions | ​ | ​ | 28,605 | ​ | ​ | 42,715 | ​
Accrued interest payable | ​ |  | 24,791 | ​ |  | 22,278 | ​
Servicing principal and interest payable | ​ | ​ | 12,993 | ​ | ​ | 19,100 | ​
Repair and denial reserve | ​ |  | 16,111 | ​ |  | 19,725 | ​
Payable to related parties | ​ |  | 5,539 | ​ |  | 5,232 | ​
Accrued professional fees | ​ | ​ | 3,025 | ​ | ​ | 4,324 | ​
Lease payable | ​ | ​ | 2,053 | ​ | ​ | 3,002 | ​
Deferred LSP revenue | ​ |  | 178 | ​ |  | 286 | ​
Accrued PPP related costs | ​ | ​ | 4,296 | ​ | ​ | 12,460 | ​
Other liabilities | ​ |  | 79,605 | ​ |  | 42,303 | ​
Total accounts payable and other accrued liabilities | ​ | $ | 189,182 | ​ | $ | 183,411 | ​
Schedule of Goodwill | ​
​ | ​ | ​ | ​ | ​
(in thousands) | June 30, 2022 | December 31, 2021
SBC Lending and Acquisitions | $ | 22,966 | $ | 20,264
Small Business Lending | ​ | 11,206 | ​ | 11,206
Total | $ | 34,172 | $ | 31,470
Schedule of Intangible assets | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
(in thousands) | June 30, 2022 | ​ | December 31, 2021 | Estimated Useful Life
Customer Relationships - Red Stone | $ | 6,501 | ​ | $ | 6,651 | 19 years
Internally developed software - Knight Capital | ​ | 2,111 | ​ | ​ | 2,428 | 6 years
Trade name - Red Stone | ​ | 2,500 | ​ | ​ | 2,500 | Indefinite life
SBA license | ​ | 1,000 | ​ | ​ | 1,000 | Indefinite life
Broker network - Knight Capital | ​ | 489 | ​ | ​ | 622 | 4.5 years
Favorable lease | ​ | 580 | ​ | ​ | 640 | 12 years
Trade name - Knight Capital | ​ | 489 | ​ | ​ | 562 | 6 years
Trade name - GMFS | ​ | 388 | ​ | ​ | 439 | 15 years
Total intangible assets | $ | 14,058 | ​ | $ | 14,842 | ​
Schedule of accumulated amortization for finite-lived intangible assets | ​
​ | ​ | ​
(in thousands) | June 30, 2022
Internally developed software - Knight Capital | $ | 1,689
Favorable lease | ​ | 900
Trade name - GMFS | ​ | 835
Broker network - Knight Capital | ​ | 711
Trade name - Knight Capital | ​ | 391
Customer Relationship - Red Stone | ​ | 328
Total accumulated amortization | $ | 4,854
Amortization expense related to the intangible assets | ​
​ | ​ | ​
(in thousands) | June 30, 2022
2022 | $ | 842
2023 | ​ | 1,599
2024 | ​ | 1,390
2025 | ​ | 1,144
2026 | ​ | 477
Thereafter | ​ | 5,106
Total | $ | 10,558

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