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Other assets and other liabilities (Tables)

9 Months Ended

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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