LendingClub Corp
For the period ended Dec 31, 2023. Filed Feb 16, 2024.
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FY2023 · Filed Feb 16, 2024
HAPN$16.22+1.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
| December 31, | 2023 | 2022 |
|---|---|---|
| Assets | ||
| Cash and due from banks | $14,993 | $23,125 |
| Interest-bearing deposits in banks | 1,237,511 | 1,033,905 |
| Total cash and cash equivalents | 1,252,504 | 1,057,030 |
| Restricted cash (1) | 41,644 | 67,454 |
| Securities available for sale at fair value ($1,663,990 and $399,668 at amortized cost, respectively) | 1,620,262 | 345,702 |
| Loans held for sale at fair value | 407,773 | 110,400 |
| Loans and leases held for investment | 4,850,302 | 5,033,154 |
| Allowance for loan and lease losses | (310,387) | (327,852) |
| Loans and leases held for investment, net | 4,539,915 | 4,705,302 |
| Loans held for investment at fair value (1) | 262,190 | 925,938 |
| Retail and certificate loans held for investment at fair value (1) | 10,488 | 55,425 |
| Property, equipment and software, net | 161,517 | 136,473 |
| Goodwill | 75,717 | 75,717 |
| Other assets (1) | 455,453 | 500,306 |
| Total assets | $8,827,463 | $7,979,747 |
| Liabilities and Equity | ||
| Deposits: | ||
| Interest-bearing | $7,001,680 | $6,158,560 |
| Noninterest-bearing | 331,806 | 233,993 |
| Total deposits | 7,333,486 | 6,392,553 |
| Borrowings (1) | 8,866 | 74,858 |
| Retail notes and certificates at fair value (1) | 10,488 | 55,425 |
| Other liabilities (1) | 222,801 | 292,617 |
| Total liabilities | 7,575,641 | 6,815,453 |
| Equity | ||
| Common stock, $0.01 par value; 180,000,000 shares authorized; 110,410,602 and 106,546,995 shares issued and outstanding, respectively | 1,104 | 1,065 |
| Additional paid-in capital | 1,669,828 | 1,628,590 |
| Accumulated deficit | (388,806) | (427,745) |
| Accumulated other comprehensive loss | (30,304) | (37,616) |
| Total equity | 1,251,822 | 1,164,294 |
| Total liabilities and equity | $8,827,463 | $7,979,747 |
(1)Includes amounts in consolidated variable interest entities (VIEs). See “Notes to Consolidated Financial Statements – Note 7. Securitizations and Variable Interest Entities.”
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