$LC
LendingClub Corp

2013 Q1 Form 10-Q Financial Statement

#000119312513222693 Filed on May 15, 2013

View on sec.gov

Income Statement

Concept 2013 Q1 2012 Q1
Revenue $16.25M $5.214M
YoY Change 211.68%
Cost Of Revenue $32.30M
YoY Change
Gross Profit $16.30M
YoY Change
Gross Profit Margin 100.3%
Selling, General & Admin $13.58M $6.976M
YoY Change 94.62%
% of Gross Profit 83.29%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $174.0K $49.00K
YoY Change 255.1%
% of Gross Profit 1.07%
Operating Expenses $16.21M $7.838M
YoY Change 106.83%
Operating Profit $89.00K
YoY Change
Interest Expense $32.33M $12.52M
YoY Change 158.27%
% of Operating Profit 36320.22%
Other Income/Expense, Net
YoY Change
Pretax Income $40.00K -$2.624M
YoY Change -101.52%
Income Tax
% Of Pretax Income
Net Earnings $40.00K -$2.624M
YoY Change -101.52%
Net Earnings / Revenue 0.25% -50.33%
Basic Earnings Per Share $0.00
Diluted Earnings Per Share $0.00
COMMON SHARES
Basic Shares Outstanding 23.82M shares
Diluted Shares Outstanding 37.75M shares

Balance Sheet

Concept 2013 Q1 2012 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $51.31M $31.24M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $2.971M $525.0K
YoY Change 465.9%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $1.073B $403.3M
YoY Change 165.97%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities
Total Liabilities $1.019B $367.0M
YoY Change 177.78%
SHAREHOLDERS EQUITY
Retained Earnings -$57.60M -$53.40M
YoY Change 7.86%
Common Stock $125.0K $91.00K
YoY Change 37.36%
Preferred Stock
YoY Change
Treasury Stock (at cost) $12.00K
YoY Change
Treasury Stock Shares
Shareholders Equity -$49.77M $36.34M
YoY Change
Total Liabilities & Shareholders Equity $1.073B $403.3M
YoY Change 165.97%

Cashflow Statement

Concept 2013 Q1 2012 Q1
OPERATING ACTIVITIES
Net Income $40.00K -$2.624M
YoY Change -101.52%
Depreciation, Depletion And Amortization $174.0K $49.00K
YoY Change 255.1%
Cash From Operating Activities $2.977M -$1.618M
YoY Change -283.99%
INVESTING ACTIVITIES
Capital Expenditures $1.406M $99.00K
YoY Change 1320.2%
Acquisitions
YoY Change
Other Investing Activities $24.10M
YoY Change
Cash From Investing Activities -$228.7M -$72.30M
YoY Change 216.25%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $482.0K $62.00K
YoY Change 677.42%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 224.4M 80.45M
YoY Change 178.97%
NET CHANGE
Cash From Operating Activities 2.977M -1.618M
Cash From Investing Activities -228.7M -72.30M
Cash From Financing Activities 224.4M 80.45M
Net Change In Cash -1.246M 6.532M
YoY Change -119.08%
FREE CASH FLOW
Cash From Operating Activities $2.977M -$1.618M
Capital Expenditures $1.406M $99.00K
Free Cash Flow $1.571M -$1.717M
YoY Change -191.5%

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<div> <p style="MARGIN-TOP: 18px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b><i><u>Concentrations of Credit Risk</u></i></b></font></p> <p style="MARGIN-TOP: 6px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">Financial instruments that potentially subject us to significant concentrations of credit risk consist principally of cash and cash equivalents, restricted cash, Member Loans financed directly by LendingClub and the related accrued interest receivable, and deposits with service providers. We hold our cash and cash equivalents and restricted cash in accounts at quality regulated domestic financial institutions. We are exposed to credit risk in the event of default by these institutions to the extent the amount recorded on the balance sheet exceeds the FDIC insured amounts. As of March&#xA0;31, 2013, the Company has net credit risk exposure on $0.5 million fair value of Member Loans held that were financed with sources of funds other than Notes or Certificates.</font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">We obtain third-party credit reports and perform other evaluations of our borrower members&#x2019; financial condition, as needed, and do not allow borrower members to have more than two Member Loans outstanding at any one time. All of our loans are unsecured but we maintain a fair value allowance for Member Loans. Additionally, the potential gross credit risk to the Company from Member Loans is significantly mitigated to the extent that loans are financed by Notes or Certificates which absorb the loans&#x2019; credit losses pursuant to the member payment dependency provision.</font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">The deposit placed with the payment service provider is short-term and generally may be applied toward amounts due to the provider as services are rendered. The deposit is ongoing throughout the contract term and is required to be returned to us when payment transaction volumes decline and upon termination or expiration of the agreement. The payments services agreement is cancelable by us at any time.</font></p> </div>
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CY2013Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
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CY2013Q1 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
1946000
CY2013Q1 us-gaap Payments To Acquire Property Plant And Equipment
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-1246000
CY2013Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3622000
CY2013Q1 us-gaap Operating Loss Carryforwards Limitations On Use
OperatingLossCarryforwardsLimitationsOnUse
The Company believes limitations exist only on the future annual deductibility of approximately $2.5 million of the Company's total net operating loss carryforwards
CY2013Q1 us-gaap Concentration Risk Credit Risk Financial Instrument Maximum Exposure
ConcentrationRiskCreditRiskFinancialInstrumentMaximumExposure
500000
CY2013Q1 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
8000
CY2013Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
326000
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
378000 shares
CY2013Q1 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
30000000
CY2013Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P3Y2M12D
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IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
40000
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10341000
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1208744 shares
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224431000
CY2013Q1 us-gaap Debt Instrument Payment Terms
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Monthly
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2103000
CY2013Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Issues
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CY2013Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Sales
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySales
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OperatingExpenses
16211000
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.635 pure
CY2013Q1 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
2009000
CY2013Q1 us-gaap Debt Instrument Maturity Date Description
DebtInstrumentMaturityDateDescription
Various maturity dates through March 2018
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400000
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23900000
CY2013Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements
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88845000
CY2013Q1 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
1123000
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
47376 shares
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SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P8Y6M29D
CY2013Q1 us-gaap Revenues
Revenues
16251000
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500000
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292000
CY2013Q1 us-gaap Interest Paid
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30135000
CY2013Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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11909129 shares
CY2013Q1 us-gaap Interest And Fee Income Loans Other Consumer
InterestAndFeeIncomeLoansOtherConsumer
32358000
CY2013Q1 us-gaap Net Income Loss
NetIncomeLoss
40000
CY2013Q1 us-gaap Financial Services Revenue
FinancialServicesRevenue
7000
CY2013Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
88883000
CY2013Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales
40066000
CY2013Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
CY2013Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
40000
CY2013Q1 us-gaap Use Of Estimates
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CY2013Q1 us-gaap Interest Income Operating
InterestIncomeOperating
32364000
CY2013Q1 us-gaap Interest Expense
InterestExpense
32325000
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
1.63
CY2013Q1 ck0001409970 Net Gain On Sales Of Loans And Securities
NetGainOnSalesOfLoansAndSecurities
1160000
CY2013Q1 ck0001409970 Interest Income Cash And Cash Equivalent
InterestIncomeCashAndCashEquivalent
6000
CY2013Q1 ck0001409970 Percentage Of Cumulative Stock Ownership Change
PercentageOfCumulativeStockOwnershipChange
0.50 pure
CY2013Q1 ck0001409970 Share Based Compensation Arrangement By Sharebased Payment Award Options Grants In Period Grant Date Fair Value
ShareBasedCompensationArrangementBySharebasedPaymentAwardOptionsGrantsInPeriodGrantDateFairValue
600000
CY2013Q1 ck0001409970 Highly Liquid Investments Maturity Period
HighlyLiquidInvestmentsMaturityPeriod
P3M
CY2013Q1 ck0001409970 Number Of Loans
NumberOfLoans
250 Loan
CY2013Q1 ck0001409970 Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Forfeiture Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedForfeitureRate
0.050 pure
CY2013Q1 ck0001409970 Fair Valuation Adjustments Member Loans At Fair Value
FairValuationAdjustmentsMemberLoansAtFairValue
-9217000
CY2013Q1 ck0001409970 Fair Valuation Adjustments Net
FairValuationAdjustmentsNet
31000
CY2013Q1 ck0001409970 Fair Valuation Adjustments On Notes And Certificates
FairValuationAdjustmentsOnNotesAndCertificates
-9186000
CY2013Q1 ck0001409970 Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainIncludedInEarnings
9186000
CY2013Q1 ck0001409970 Fair Value Assets Measured On Recurring Basis Loss Included In Investment Income
FairValueAssetsMeasuredOnRecurringBasisLossIncludedInInvestmentIncome
9217000
CY2013Q1 ck0001409970 Future Annual Deduction Of Operating Loss Carry Forward
FutureAnnualDeductionOfOperatingLossCarryForward
2500000
CY2013Q1 ck0001409970 Increase Decrease In Payable To Member Lenders
IncreaseDecreaseInPayableToMemberLenders
1835000
CY2013Q1 ck0001409970 Management Fees From Certificate Investors
ManagementFeesFromCertificateInvestors
494000
CY2013Q1 ck0001409970 Maximum Number Of Member Loans Borrower Can Have Outstanding At One Time
MaximumNumberOfMemberLoansBorrowerCanHaveOutstandingAtOneTime
2 Loan
CY2013Q1 ck0001409970 Maximum Period For Loan Classified As Nonaccrual Loan
MaximumPeriodForLoanClassifiedAsNonaccrualLoan
P120D
CY2013Q1 ck0001409970 Member Loans At Amortized Cost Net
MemberLoansAtAmortizedCostNet
0
CY2013Q1 ck0001409970 Net Federal Operating Loss Since Inception
NetFederalOperatingLossSinceInception
53000000
CY2013Q1 ck0001409970 Notes Interest Expense
NotesInterestExpense
32325000
CY2013Q1 ck0001409970 Payment Of Liquidation Preference Transfer Of Voting Power Threshold Maximum Percentage
PaymentOfLiquidationPreferenceTransferOfVotingPowerThresholdMaximumPercentage
0.50 pure
CY2013Q1 ck0001409970 Percentage Of Option Vested Within One Year
PercentageOfOptionVestedWithinOneYear
0.25 pure
CY2013Q1 ck0001409970 Payments On Notes And Certificates At Fair Value
PaymentsOnNotesAndCertificatesAtFairValue
88883000
CY2013Q1 ck0001409970 Proceeds From Issuance Of Notes And Certificates At Fair Value
ProceedsFromIssuanceOfNotesAndCertificatesAtFairValue
312812000
CY2013Q1 ck0001409970 Proceeds From Origination Of Member Loans At Fair Value
ProceedsFromOriginationOfMemberLoansAtFairValue
352896000
CY2013Q1 ck0001409970 Related Party Deposits
RelatedPartyDeposits
968000
CY2012Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1618000
CY2013Q1 ck0001409970 Related Party Investments
RelatedPartyInvestments
968000
CY2013Q1 ck0001409970 Related Party Withdrawals
RelatedPartyWithdrawals
111000
CY2013Q1 ck0001409970 Share Based Compensation Arrangement By Share Based Payment Award Options Expiration In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationInPeriod
P10Y
CY2013Q1 ck0001409970 Share Based Compensation Arrangement By Share Based Payment Award Options Ratable Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsRatablePeriod
Next 12 quarters thereafter
CY2013Q1 ck0001409970 Share Based Compensation Arrangement By Share Based Payment Award Options Vested Weighted Average Remaining Contractual Term One
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedWeightedAverageRemainingContractualTermOne
P7Y5M1D
CY2013Q1 ck0001409970 Internal Revenue Code Ownership Change Limitation Period
InternalRevenueCodeOwnershipChangeLimitationPeriod
P3Y
CY2013Q1 ck0001409970 Repayment Of Member Loans At Fair Value
RepaymentOfMemberLoansAtFairValue
88846000
CY2012Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-4000
CY2012Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
127000
CY2012Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
62000
CY2012Q1 us-gaap Increase Decrease In Deposits Outstanding
IncreaseDecreaseInDepositsOutstanding
318000
CY2012Q1 us-gaap Noninterest Income
NoninterestIncome
5118000
CY2012Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
49000
CY2012Q1 us-gaap Share Based Compensation
ShareBasedCompensation
303000
CY2012Q1 us-gaap Fees And Commissions
FeesAndCommissions
4579000
CY2012Q1 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
840000
CY2012Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-72301000
CY2012Q1 us-gaap Servicing Fees Net
ServicingFeesNet
439000
CY2012Q1 us-gaap Technology Services Costs
TechnologyServicesCosts
862000
CY2012Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.29
CY2012Q1 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
8000
CY2012Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
99000
CY2012Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
6532000
CY2012Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2044000
CY2012Q1 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
96000
CY2012Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
170000
CY2012Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-2624000
CY2012Q1 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
4932000
CY2012Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
80451000
CY2012Q1 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
8000
CY2012Q1 us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
6000
CY2012Q1 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
2294000
CY2012Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
144000
CY2012Q1 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
100000
CY2012Q1 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
31000
CY2012Q1 us-gaap Operating Expenses
OperatingExpenses
7838000
CY2012Q1 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
2037000
CY2012Q1 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
100000
CY2012Q1 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
164000
CY2012Q1 us-gaap Revenues
Revenues
5214000
CY2012Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
300000
CY2012Q1 us-gaap Interest Paid
InterestPaid
9751000
CY2012Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
8957563 shares
CY2012Q1 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
15000
CY2012Q1 us-gaap Interest And Fee Income Loans Other Consumer
InterestAndFeeIncomeLoansOtherConsumer
12651000
CY2012Q1 us-gaap Net Income Loss
NetIncomeLoss
-2624000
CY2012Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
CY2012Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-2624000
CY2012Q1 us-gaap Interest Income Operating
InterestIncomeOperating
12660000
CY2012Q1 us-gaap Interest Expense
InterestExpense
12516000
CY2012Q1 ck0001409970 Interest Income Cash And Cash Equivalent
InterestIncomeCashAndCashEquivalent
9000
CY2012Q1 ck0001409970 Fair Valuation Adjustments Member Loans At Fair Value
FairValuationAdjustmentsMemberLoansAtFairValue
-4794000
CY2012Q1 ck0001409970 Fair Valuation Adjustments Net
FairValuationAdjustmentsNet
40000
CY2012Q1 ck0001409970 Fair Valuation Adjustments On Notes And Certificates
FairValuationAdjustmentsOnNotesAndCertificates
-4754000
CY2012Q1 ck0001409970 Increase Decrease In Payable To Member Lenders
IncreaseDecreaseInPayableToMemberLenders
533000
CY2012Q1 ck0001409970 Management Fees From Certificate Investors
ManagementFeesFromCertificateInvestors
100000
CY2012Q1 ck0001409970 Member Loans At Amortized Cost Net
MemberLoansAtAmortizedCostNet
-2000
CY2012Q1 ck0001409970 Notes Interest Expense
NotesInterestExpense
12485000
CY2012Q1 ck0001409970 Payments On Loans Payable
PaymentsOnLoansPayable
440000
CY2012Q1 ck0001409970 Payments On Notes And Certificates At Fair Value
PaymentsOnNotesAndCertificatesAtFairValue
34430000
CY2012Q1 ck0001409970 Proceeds From Issuance Of Notes And Certificates At Fair Value
ProceedsFromIssuanceOfNotesAndCertificatesAtFairValue
109217000
CY2012Q1 ck0001409970 Proceeds From Origination Of Member Loans At Fair Value
ProceedsFromOriginationOfMemberLoansAtFairValue
109656000
CY2012Q1 ck0001409970 Related Party Deposits
RelatedPartyDeposits
200000
CY2012Q1 ck0001409970 Related Party Investments
RelatedPartyInvestments
119000
CY2012Q1 ck0001409970 Related Party Withdrawals
RelatedPartyWithdrawals
96000
CY2012Q1 ck0001409970 Repayment Of Member Loans At Fair Value
RepaymentOfMemberLoansAtFairValue
38122000
CY2012Q1 ck0001409970 Repayment Of Member Loans At Amortized Cost
RepaymentOfMemberLoansAtAmortizedCost
172000

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