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v3.22.2.2

Other assets and other liabilities (Tables) | 9 Months Ended
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Sep. 30, 2022
Other assets and other liabilities |
Schedule of other assets and other liabilities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(in thousands) |  | September 30, 2022 |  | December 31, 2021 |
Other assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Deferred tax asset |  | $ | 3,601 |  | $ | 3,601 | ​
Deferred loan exit fees | ​ | ​ | 34,746 | ​ | ​ | 25,923 | ​
Accrued interest | ​ | ​ | 37,147 | ​ | ​ | 21,873 | ​
Goodwill | ​ | ​ | 37,559 | ​ | ​ | 31,470 | ​
Due from servicers | ​ | ​ | 22,114 | ​ | ​ | 23,729 | ​
Right-of-use lease asset | ​ | ​ | 1,863 | ​ | ​ | 2,402 | ​
Intangible assets |  | ​ | 13,622 |  | ​ | 14,842 | ​
Deferred financing costs | ​ | ​ | 2,955 | ​ | ​ | 3,840 | ​
PPP fee receivable | ​ | ​ | 338 | ​ | ​ | 407 | ​
Receivable from third party | ​ | ​ | 41,742 | ​ | ​ | 29,298 | ​
Receivable from related parties | ​ | ​ | 318 | ​ | ​ | — | ​
Other assets | ​ | ​ | 17,025 | ​ | ​ | 14,713 | ​
Other assets |  | $ | 213,030 | ​ | $ | 172,098 | ​
Accounts payable and other accrued liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Deferred tax liability | ​ | $ | 11,986 | ​ | $ | 11,986 | ​
Accrued salaries, wages and commissions | ​ | ​ | 35,248 | ​ | ​ | 42,715 | ​
Accrued interest payable | ​ |  | 37,670 | ​ |  | 22,278 | ​
Servicing principal and interest payable | ​ | ​ | 10,108 | ​ | ​ | 19,100 | ​
Repair and denial reserve | ​ |  | 12,461 | ​ |  | 19,725 | ​
Payable to related parties | ​ |  | 6,469 | ​ |  | 5,232 | ​
Accrued professional fees | ​ | ​ | 884 | ​ | ​ | 4,324 | ​
Lease payable | ​ | ​ | 2,003 | ​ | ​ | 3,002 | ​
Deferred LSP revenue | ​ |  | 151 | ​ |  | 286 | ​
Accrued PPP related costs | ​ | ​ | 4,294 | ​ | ​ | 12,460 | ​
Other liabilities | ​ |  | 49,878 | ​ |  | 42,303 | ​
Total accounts payable and other accrued liabilities | ​ | $ | 171,152 | ​ | $ | 183,411 | ​
Schedule of Goodwill | ​
​ | ​ | ​ | ​ | ​
(in thousands) | September 30, 2022 | December 31, 2021
SBC Lending and Acquisitions | $ | 26,353 | $ | 20,264
Small Business Lending | ​ | 11,206 | ​ | 11,206
Total | $ | 37,559 | $ | 31,470
Schedule of Intangible assets | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
(in thousands) | September 30, 2022 | ​ | December 31, 2021 | Estimated Useful Life
Customer Relationships - Red Stone | $ | 6,383 | ​ | $ | 6,651 | 19 years
Internally developed software - Knight Capital | ​ | 1,953 | ​ | ​ | 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 | ​ | 422 | ​ | ​ | 622 | 4.5 years
Favorable lease | ​ | 550 | ​ | ​ | 640 | 12 years
Trade name - Knight Capital | ​ | 452 | ​ | ​ | 562 | 6 years
Trade name - GMFS | ​ | 362 | ​ | ​ | 439 | 15 years
Total intangible assets | $ | 13,622 | ​ | $ | 14,842 | ​
Schedule of accumulated amortization for finite-lived intangible assets | ​
​ | ​ | ​
(in thousands) | September 30, 2022
Internally developed software - Knight Capital | $ | 1,847
Favorable lease | ​ | 930
Trade name - GMFS | ​ | 860
Broker network - Knight Capital | ​ | 778
Trade name - Knight Capital | ​ | 428
Customer Relationship - Red Stone | ​ | 418
Total accumulated amortization | $ | 5,261
Amortization expense related to the intangible assets | ​
​ | ​ | ​
(in thousands) | September 30, 2022
2022 | $ | 406
2023 | ​ | 1,599
2024 | ​ | 1,390
2025 | ​ | 1,144
2026 | ​ | 477
Thereafter | ​ | 5,106
Total | $ | 10,122

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