2024 Q1 Form 10-K Financial Statement

#000095017024027942 Filed on March 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $67.07M $251.0M
YoY Change 20.1% 27.68%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.381M $1.343M $5.243M
YoY Change 6.23% 63.58% 0.27%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $19.15M $62.95M
YoY Change 56.48% 73.96%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $17.89M $22.16M $86.04M
YoY Change -23.05% 12.79% 26.8%
Income Tax $6.358M $6.328M $24.91M
% Of Pretax Income 35.53% 28.56% 28.95%
Net Earnings $10.02M $14.32M $55.08M
YoY Change -34.74% 9.61% 25.64%
Net Earnings / Revenue 14.95% 21.94%
Basic Earnings Per Share $0.44 $2.45
Diluted Earnings Per Share $0.42 $0.60 $2.37
COMMON SHARES
Basic Shares Outstanding 23.48M 23.36M 22.51M
Diluted Shares Outstanding 23.77M 23.25M

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $107.8M $106.9M
YoY Change 55.56% 30.87%
Cash & Equivalents $54.78M $52.59M
Short-Term Investments $53.04M $54.28M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $14.02M $14.08M $14.08M
YoY Change 4.65% 6.9% 6.9%
Goodwill $150.8M $150.8M
YoY Change 0.0% 0.0%
Intangibles $20.23M $20.59M
YoY Change -6.67% -6.55%
Long-Term Investments $69.41M $65.71M $65.71M
YoY Change 551.57% 538.41% 538.41%
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $2.619B $2.588B $2.588B
YoY Change 11.36% 14.51% 14.51%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $32.26M $37.63M $37.63M
YoY Change 10.67% 47.41% 47.41%
Accrued Expenses $6.710M $7.019M $7.019M
YoY Change -35.37% -34.08% -34.08%
Deferred Revenue
YoY Change
Short-Term Debt $32.50M $8.000M $8.000M
YoY Change -15.58% 60.0% 60.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $71.47M $52.64M $52.64M
YoY Change -9.7% 45.54% 45.54%
LONG-TERM LIABILITIES
Long-Term Debt $225.6M $235.5M $235.5M
YoY Change 28.26% 9.9% 9.9%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $225.6M $235.5M $235.5M
YoY Change 28.26% 9.9% 9.9%
TOTAL LIABILITIES
Total Short-Term Liabilities $71.47M $52.64M $52.64M
Total Long-Term Liabilities $225.6M $235.5M $235.5M
Total Liabilities $2.270B $2.245B $2.245B
YoY Change 14.83% 18.82% 14.64%
SHAREHOLDERS EQUITY
Retained Earnings $111.6M $103.9M
YoY Change 58.85% 55.81%
Common Stock $289.0M $288.3M
YoY Change 1.57% 1.54%
Preferred Stock
YoY Change
Treasury Stock (at cost) $47.66M $45.54M
YoY Change 4.67% 0.0%
Treasury Stock Shares
Shareholders Equity $349.0M $343.0M $343.0M
YoY Change
Total Liabilities & Shareholders Equity $2.619B $2.588B $2.588B
YoY Change 11.36% 14.51% 14.51%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $10.02M $14.32M $55.08M
YoY Change -34.74% 9.61% 25.64%
Depreciation, Depletion And Amortization $1.381M $1.343M $5.243M
YoY Change 6.23% 63.58% 0.27%
Cash From Operating Activities $32.26M $19.66M $113.8M
YoY Change 10.74% -33.9% 4.62%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$32.91M -$12.50M -$340.7M
YoY Change -59.6% -81.69% -24.12%
Cash From Investing Activities -$32.91M -$12.50M -$340.7M
YoY Change -59.6% -81.69% -24.12%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 19.93M 15.08M 271.2M
YoY Change -74.8% -67.14% -15.62%
NET CHANGE
Cash From Operating Activities 32.26M 19.66M 113.8M
Cash From Investing Activities -32.91M -12.50M -340.7M
Cash From Financing Activities 19.93M 15.08M 271.2M
Net Change In Cash 19.28M 22.25M 44.25M
YoY Change -28.02% 200.8% -334.28%
FREE CASH FLOW
Cash From Operating Activities $32.26M $19.66M $113.8M
Capital Expenditures
Free Cash Flow
YoY Change

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CY2022 us-gaap Professional Fees
ProfessionalFees
13054000
CY2021 us-gaap Professional Fees
ProfessionalFees
5311000
CY2023 mfin Regulatory Fees
RegulatoryFees
3194000
CY2022 mfin Regulatory Fees
RegulatoryFees
2418000
CY2021 mfin Regulatory Fees
RegulatoryFees
1872000
CY2023 mfin Lease And Rental Expense1
LeaseAndRentalExpense1
2472000
CY2022 mfin Lease And Rental Expense1
LeaseAndRentalExpense1
2378000
CY2021 mfin Lease And Rental Expense1
LeaseAndRentalExpense1
2454000
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1445000
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1445000
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1445000
CY2023 mfin Race Team Related Expense
RaceTeamRelatedExpense
0
CY2022 mfin Race Team Related Expense
RaceTeamRelatedExpense
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CY2021 mfin Race Team Related Expense
RaceTeamRelatedExpense
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OtherNoninterestExpense
9466000
CY2022 us-gaap Other Noninterest Expense
OtherNoninterestExpense
7943000
CY2021 us-gaap Other Noninterest Expense
OtherNoninterestExpense
8375000
CY2023 us-gaap Noninterest Expense
NoninterestExpense
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CY2022 us-gaap Noninterest Expense
NoninterestExpense
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CY2021 us-gaap Noninterest Expense
NoninterestExpense
72899000
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
86036000
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
67850000
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
81871000
CY2023 mfin Income Tax Expense Benefit On Net Investment
IncomeTaxExpenseBenefitOnNetInvestment
24910000
CY2022 mfin Income Tax Expense Benefit On Net Investment
IncomeTaxExpenseBenefitOnNetInvestment
17963000
CY2021 mfin Income Tax Expense Benefit On Net Investment
IncomeTaxExpenseBenefitOnNetInvestment
24217000
CY2023 mfin Net Investment Income Loss After Taxes
NetInvestmentIncomeLossAfterTaxes
61126000
CY2022 mfin Net Investment Income Loss After Taxes
NetInvestmentIncomeLossAfterTaxes
49887000
CY2021 mfin Net Investment Income Loss After Taxes
NetInvestmentIncomeLossAfterTaxes
57654000
CY2023 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
6047000
CY2022 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
6047000
CY2021 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3546000
CY2023 us-gaap Net Income Loss
NetIncomeLoss
55079000
CY2022 us-gaap Net Income Loss
NetIncomeLoss
43840000
CY2021 us-gaap Net Income Loss
NetIncomeLoss
54108000
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.45
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.86
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.2
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EarningsPerShareDiluted
2.37
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.83
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.17
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22510435
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
23583049
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24599804
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
23248323
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
23927342
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24943169
CY2023 us-gaap Paid In Kind Interest
PaidInKindInterest
1600000
CY2022 us-gaap Paid In Kind Interest
PaidInKindInterest
700000
CY2021 us-gaap Paid In Kind Interest
PaidInKindInterest
800000
CY2023 mfin Average Borrowings Outstanding
AverageBorrowingsOutstanding
2000000000
CY2022 mfin Average Borrowings Outstanding
AverageBorrowingsOutstanding
1700000000
CY2021 mfin Average Borrowings Outstanding
AverageBorrowingsOutstanding
1400000000
CY2023 mfin Weighted Average Cost Of Borrowings
WeightedAverageCostOfBorrowings
0.0316
CY2022 mfin Weighted Average Cost Of Borrowings
WeightedAverageCostOfBorrowings
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CY2021 mfin Weighted Average Cost Of Borrowings
WeightedAverageCostOfBorrowings
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ProfitLoss
61126000
CY2022 us-gaap Profit Loss
ProfitLoss
49887000
CY2021 us-gaap Profit Loss
ProfitLoss
57654000
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OtherComprehensiveIncomeLossNetOfTax
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CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-978000
CY2023 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2022 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
45504000
CY2021 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
56676000
CY2023 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
6047000
CY2022 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
6047000
CY2021 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
3546000
CY2023 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
54732000
CY2022 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
39457000
CY2021 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
53130000
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
304561000
CY2021 us-gaap Profit Loss
ProfitLoss
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CY2021 mfin Distribution To Noncontrolling Interest
DistributionToNoncontrollingInterest
-6516000
CY2021 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
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CY2021 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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2261000
CY2021 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
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CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
355828000
CY2022 us-gaap Profit Loss
ProfitLoss
49887000
CY2022 mfin Distribution To Noncontrolling Interest
DistributionToNoncontrollingInterest
-6047000
CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3476000
CY2022 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
155000
CY2022 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
20619000
CY2022 us-gaap Dividends Common Stock
DividendsCommonStock
7773000
CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-4383000
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
370524000
CY2023 us-gaap Profit Loss
ProfitLoss
61126000
CY2023 mfin Distribution To Noncontrolling Interest
DistributionToNoncontrollingInterest
-6047000
CY2023 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
4713000
CY2023 us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
-768000
CY2023 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
442000
CY2023 us-gaap Dividends Common Stock
DividendsCommonStock
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CY2023 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-347000
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
411774000
CY2023 us-gaap Profit Loss
ProfitLoss
61126000
CY2022 us-gaap Profit Loss
ProfitLoss
49887000
CY2021 us-gaap Profit Loss
ProfitLoss
57654000
CY2023 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
37810000
CY2022 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
30059000
CY2021 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
4622000
CY2023 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
1636000
CY2021 us-gaap Proceeds From Sale And Maturity Of Held To Maturity Securities
ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities
464448000
CY2023 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
11573000
CY2022 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
724000
CY2021 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
814000
CY2023 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
5243000
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
5229000
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
6519000
CY2023 us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
-9588000
CY2022 us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
-8707000
CY2021 us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
-7996000
CY2023 us-gaap Increase Decrease In Other Deferred Liability
IncreaseDecreaseInOtherDeferredLiability
-345000
CY2022 us-gaap Increase Decrease In Other Deferred Liability
IncreaseDecreaseInOtherDeferredLiability
7281000
CY2021 us-gaap Increase Decrease In Other Deferred Liability
IncreaseDecreaseInOtherDeferredLiability
18327000
CY2023 mfin Net Change In Loan Collateral In Process Of Foreclosure
NetChangeInLoanCollateralInProcessOfForeclosure
-10597000
CY2022 mfin Net Change In Loan Collateral In Process Of Foreclosure
NetChangeInLoanCollateralInProcessOfForeclosure
-5738000
CY2021 mfin Net Change In Loan Collateral In Process Of Foreclosure
NetChangeInLoanCollateralInProcessOfForeclosure
-8966000
CY2023 us-gaap Gain Loss On Investments
GainLossOnInvestments
5178000
CY2022 us-gaap Gain Loss On Investments
GainLossOnInvestments
2779000
CY2021 us-gaap Gain Loss On Investments
GainLossOnInvestments
17380000
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
4713000
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
3476000
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
2261000
CY2023 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0
CY2022 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0
CY2021 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
4626000
CY2023 us-gaap Increase Decrease In Accrued Investment Income Receivable
IncreaseDecreaseInAccruedInvestmentIncomeReceivable
925000
CY2022 us-gaap Increase Decrease In Accrued Investment Income Receivable
IncreaseDecreaseInAccruedInvestmentIncomeReceivable
1992000
CY2021 us-gaap Increase Decrease In Accrued Investment Income Receivable
IncreaseDecreaseInAccruedInvestmentIncomeReceivable
283000
CY2023 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
0
CY2022 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
0
CY2021 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
715000
CY2023 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
15470000
CY2022 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
3919000
CY2021 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
5354000
CY2023 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
6209000
CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
6382000
CY2021 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
2694000
CY2023 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
2032000
CY2022 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
1395000
CY2021 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-1141000
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
113764000
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
108740000
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
78726000
CY2023 us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
975391000
CY2022 us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
1000785000
CY2021 us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
760790000
CY2023 us-gaap Proceeds From Sale And Maturity Of Held To Maturity Securities
ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities
616193000
CY2022 us-gaap Proceeds From Sale And Maturity Of Held To Maturity Securities
ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities
535067000
CY2022 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
20713000
CY2021 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
19354000
CY2023 us-gaap Proceeds From Divestiture Of Interest In Consolidated Subsidiaries
ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries
0
CY2022 us-gaap Proceeds From Divestiture Of Interest In Consolidated Subsidiaries
ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries
0
CY2021 us-gaap Proceeds From Divestiture Of Interest In Consolidated Subsidiaries
ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries
17676000
CY2023 us-gaap Proceeds From Sale And Collection Of Receivables
ProceedsFromSaleAndCollectionOfReceivables
9444000
CY2022 us-gaap Proceeds From Sale And Collection Of Receivables
ProceedsFromSaleAndCollectionOfReceivables
14762000
CY2021 us-gaap Proceeds From Sale And Collection Of Receivables
ProceedsFromSaleAndCollectionOfReceivables
35647000
CY2023 mfin Proceeds From Sale And Principal Payments Of Loan Collateral In Process Of Foreclosure
ProceedsFromSaleAndPrincipalPaymentsOfLoanCollateralInProcessOfForeclosure
20631000
CY2022 mfin Proceeds From Sale And Principal Payments Of Loan Collateral In Process Of Foreclosure
ProceedsFromSaleAndPrincipalPaymentsOfLoanCollateralInProcessOfForeclosure
22664000
CY2021 mfin Proceeds From Sale And Principal Payments Of Loan Collateral In Process Of Foreclosure
ProceedsFromSaleAndPrincipalPaymentsOfLoanCollateralInProcessOfForeclosure
24052000
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-340696000
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-449005000
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-238321000
CY2023 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
975175000
CY2022 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
839104000
CY2021 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
805577000
CY2023 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
689920000
CY2022 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
483671000
CY2021 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
627263000
CY2023 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
20619000
CY2021 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0
CY2023 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
7703000
CY2022 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
7543000
CY2021 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
0
CY2023 mfin Distributions To Noncontrolling Interests
DistributionsToNoncontrollingInterests
6047000
CY2022 mfin Distributions To Noncontrolling Interests
DistributionsToNoncontrollingInterests
6047000
CY2021 mfin Distributions To Noncontrolling Interests
DistributionsToNoncontrollingInterests
6516000
CY2023 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
768000
CY2022 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0
CY2021 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0
CY2023 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
442000
CY2022 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
155000
CY2021 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
241000
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
271179000
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
321379000
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
172039000
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
44247000
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-18886000
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
12444000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
105598000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
124484000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
112040000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
149845000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
105598000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
124484000
CY2023 us-gaap Interest Paid Net
InterestPaidNet
57509000
CY2022 us-gaap Interest Paid Net
InterestPaidNet
31976000
CY2021 us-gaap Interest Paid Net
InterestPaidNet
29867000
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
25102000
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
8848000
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
5479000
CY2023 mfin Non Cash Investing Loans Transferred To Loan Collateral In Process Of Foreclosure
NonCashInvestingLoansTransferredToLoanCollateralInProcessOfForeclosure
21181000
CY2022 mfin Non Cash Investing Loans Transferred To Loan Collateral In Process Of Foreclosure
NonCashInvestingLoansTransferredToLoanCollateralInProcessOfForeclosure
12791000
CY2021 mfin Non Cash Investing Loans Transferred To Loan Collateral In Process Of Foreclosure
NonCashInvestingLoansTransferredToLoanCollateralInProcessOfForeclosure
15888000
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p style="margin-left:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Use of Estimates</span><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The preparation of the consolidated financial statements in conformity with accounting principles generally accepted in the U.S., or GAAP, requires management to make estimates that affect the amounts reported in the consolidated financial statements and the accompanying notes. Accounting estimates and assumptions are those that management considers to be the most critical to an understanding of the consolidated financial statements because they inherently involve significant judgments and uncertainties. All of these estimates reflect management’s best judgment about current economic and market conditions and their effects based on information available as of the date of these consolidated financial statements. If such conditions change, it is reasonably possible that the judgments and estimates could change, which may result in future impairments of loans and loan collateral in process of foreclosure, goodwill and intangible assets, and investments, among other effects.</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p>
CY2023Q4 us-gaap Interest Bearing Deposits In Banks
InterestBearingDepositsInBanks
1300000
CY2023Q4 mfin Non Marketable Securities
NonMarketableSecurities
11400000
CY2022Q4 mfin Non Marketable Securities
NonMarketableSecurities
10300000
CY2023Q4 mfin Impact Of Equity Investment
ImpactOfEquityInvestment
3500000
CY2021 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
2000000
CY2023Q4 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
1700000
CY2022Q4 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
1700000
CY2023 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
24000
CY2022 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
-226000
CY2021 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
-50000
CY2023 us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
0
CY2022 us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
0
CY2021 us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
0
CY2023 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
24000
CY2022 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-226000
CY2021 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-50000
CY2022 us-gaap Investment Income Amortization Of Premium
InvestmentIncomeAmortizationOfPremium
100000
CY2021 us-gaap Investment Income Amortization Of Premium
InvestmentIncomeAmortizationOfPremium
100000
CY2023 mfin Deferred Loan Origination Costs
DeferredLoanOriginationCosts
40000000
CY2022 mfin Deferred Loan Origination Costs
DeferredLoanOriginationCosts
34900000
CY2023 mfin Amortization Of Loan Origination Fees Net
AmortizationOfLoanOriginationFeesNet
8300000
CY2022 mfin Amortization Of Loan Origination Fees Net
AmortizationOfLoanOriginationFeesNet
8700000
CY2021 mfin Amortization Of Loan Origination Fees Net
AmortizationOfLoanOriginationFeesNet
8000000
CY2023Q1 mfin Loans Charged Off
LoansChargedOff
2500000
CY2023Q4 us-gaap Notes Receivable Net
NotesReceivableNet
79500
CY2023Q4 us-gaap Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
14000000
CY2022Q4 us-gaap Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
19500000
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
63845000
CY2023Q4 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P20Y
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
20600000
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
22000000
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1400000
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1400000
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
20591000
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
22035000
CY2023 us-gaap Depreciation And Amortization
DepreciationAndAmortization
400
CY2022 us-gaap Depreciation And Amortization
DepreciationAndAmortization
400000
CY2021 us-gaap Depreciation And Amortization
DepreciationAndAmortization
300000
CY2023 us-gaap Amortization Of Deferred Charges
AmortizationOfDeferredCharges
3100000
CY2022 us-gaap Amortization Of Deferred Charges
AmortizationOfDeferredCharges
2600000
CY2021 us-gaap Amortization Of Deferred Charges
AmortizationOfDeferredCharges
2400000
CY2023Q4 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
8500000
CY2022Q4 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
7000000
CY2023 mfin Net Increase Decrease In Net Assets Resulting From Operations
NetIncreaseDecreaseInNetAssetsResultingFromOperations
55079000
CY2022 mfin Net Increase Decrease In Net Assets Resulting From Operations
NetIncreaseDecreaseInNetAssetsResultingFromOperations
43840000
CY2021 mfin Net Increase Decrease In Net Assets Resulting From Operations
NetIncreaseDecreaseInNetAssetsResultingFromOperations
54108000
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22510435
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
23583049
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24599804
CY2023 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
461098
CY2022 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
276469
CY2021 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
250763
CY2023 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
142216
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
67825
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
92602
CY2023 mfin Incremental Common Shares Attributable To Dilutive Effect Of Performance Share Units
IncrementalCommonSharesAttributableToDilutiveEffectOfPerformanceShareUnits
134574
CY2022 mfin Incremental Common Shares Attributable To Dilutive Effect Of Performance Share Units
IncrementalCommonSharesAttributableToDilutiveEffectOfPerformanceShareUnits
0
CY2021 mfin Incremental Common Shares Attributable To Dilutive Effect Of Performance Share Units
IncrementalCommonSharesAttributableToDilutiveEffectOfPerformanceShareUnits
0
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
23248323
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
23927342
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24943169
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.45
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.86
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.2
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.37
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.83
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.17
CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
92310
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
347963
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
421190
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
0
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
0
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
317398
CY2023 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
4700000
CY2022 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
3500000
CY2021 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
2300000
CY2023 us-gaap Employee Stock Ownership Plan Esop Weighted Average Purchase Price Of Shares Purchased
EmployeeStockOwnershipPlanESOPWeightedAveragePurchasePriceOfSharesPurchased
0.2
CY2022 us-gaap Employee Stock Ownership Plan Esop Weighted Average Purchase Price Of Shares Purchased
EmployeeStockOwnershipPlanESOPWeightedAveragePurchasePriceOfSharesPurchased
0.15
CY2021 us-gaap Employee Stock Ownership Plan Esop Weighted Average Purchase Price Of Shares Purchased
EmployeeStockOwnershipPlanESOPWeightedAveragePurchasePriceOfSharesPurchased
0.09
CY2023Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
5000000
CY2023 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P9M
CY2023Q4 mfin Tier One Leverage Capital Required For Capital Adequacy To Total Assets
TierOneLeverageCapitalRequiredForCapitalAdequacyToTotalAssets
0.15
CY2023Q4 mfin Tier One Leverage Capital Ratio
TierOneLeverageCapitalRatio
0.162
CY2023Q4 us-gaap Common Equity Tier One Capital
CommonEquityTierOneCapital
293774000
CY2022Q4 us-gaap Common Equity Tier One Capital
CommonEquityTierOneCapital
242049000
CY2023Q4 us-gaap Tier One Risk Based Capital
TierOneRiskBasedCapital
362561000
CY2022Q4 us-gaap Tier One Risk Based Capital
TierOneRiskBasedCapital
310837000
CY2023Q4 us-gaap Capital
Capital
390153000
CY2022Q4 us-gaap Capital
Capital
334913000
CY2023 mfin Average Assets
AverageAssets
2232816000
CY2022 mfin Average Assets
AverageAssets
1917904000
CY2023Q4 us-gaap Risk Weighted Assets
RiskWeightedAssets
2155641000
CY2022Q4 us-gaap Risk Weighted Assets
RiskWeightedAssets
1888530000
CY2023Q4 us-gaap Tier One Leverage Capital Required For Capital Adequacy To Average Assets
TierOneLeverageCapitalRequiredForCapitalAdequacyToAverageAssets
0.04
CY2023Q4 us-gaap Tier One Leverage Capital Required To Be Well Capitalized To Average Assets
TierOneLeverageCapitalRequiredToBeWellCapitalizedToAverageAssets
0.05
CY2023Q4 us-gaap Tier One Leverage Capital To Average Assets
TierOneLeverageCapitalToAverageAssets
0.162
CY2022Q4 us-gaap Tier One Leverage Capital To Average Assets
TierOneLeverageCapitalToAverageAssets
0.162
CY2023Q4 mfin Common Equity Tier One Risk Based Capital Required For Capital Adequacy To Risk Weighted Assets
CommonEquityTierOneRiskBasedCapitalRequiredForCapitalAdequacyToRiskWeightedAssets
0.07
CY2023Q4 mfin Common Equity Tier One Capital Required To Be Well Capitalized To Risk Weighted Assets
CommonEquityTierOneCapitalRequiredToBeWellCapitalizedToRiskWeightedAssets
0.065
CY2023Q4 us-gaap Common Equity Tier One Capital Ratio
CommonEquityTierOneCapitalRatio
0.136
CY2022Q4 us-gaap Common Equity Tier One Capital Ratio
CommonEquityTierOneCapitalRatio
0.128
CY2023 mfin Tier One Risk Based Capital Required For Capital Adequacy With Buffer To Risk Weighted Assets
TierOneRiskBasedCapitalRequiredForCapitalAdequacyWithBufferToRiskWeightedAssets
0.085
CY2023Q4 us-gaap Tier One Risk Based Capital Required To Be Well Capitalized To Risk Weighted Assets
TierOneRiskBasedCapitalRequiredToBeWellCapitalizedToRiskWeightedAssets
0.08
CY2023Q4 us-gaap Tier One Risk Based Capital To Risk Weighted Assets
TierOneRiskBasedCapitalToRiskWeightedAssets
0.168
CY2022Q4 us-gaap Tier One Risk Based Capital To Risk Weighted Assets
TierOneRiskBasedCapitalToRiskWeightedAssets
0.165
CY2023Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
60573000
CY2023Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
54282000
CY2023Q4 us-gaap Capital Required For Capital Adequacy To Risk Weighted Assets
CapitalRequiredForCapitalAdequacyToRiskWeightedAssets
0.105
CY2023Q4 us-gaap Capital Required To Be Well Capitalized To Risk Weighted Assets
CapitalRequiredToBeWellCapitalizedToRiskWeightedAssets
0.10
CY2023Q4 us-gaap Capital To Risk Weighted Assets
CapitalToRiskWeightedAssets
0.181
CY2022Q4 us-gaap Capital To Risk Weighted Assets
CapitalToRiskWeightedAssets
0.177
CY2023 mfin Tier One Capital Conversation Buffer
TierOneCapitalConversationBuffer
0.025
CY2022 mfin Tier One Capital Conversation Buffer
TierOneCapitalConversationBuffer
0.025
CY2023 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Reclassifications</span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Certain reclassifications have been made to prior year balances to conform with the current year presentation. These reclassifications have no effect on the previously reported results of operations.</span></p>
CY2023Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
60573000
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
21000
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
6312000
CY2023Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
54282000
CY2022Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
54301000
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
13000
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
5822000
CY2022Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
48492000
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
2395000
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
2336000
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
7313000
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
7049000
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
8833000
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
7808000
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
42032000
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
37089000
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
282000
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
10636000
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
6030000
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
43509000
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
1017000
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
16949000
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
4805000
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
29525000
CY2023Q4 mfin Number Of Securities
NumberOfSecurities
60
CY2022Q4 mfin Number Of Securities
NumberOfSecurities
57
CY2022Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
63845000
CY2021Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
50166000
CY2023 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
67668000
CY2022 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
39845000
CY2023 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
36536000
CY2022 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
23465000
CY2023 us-gaap Allowance For Loan And Lease Losses Writeoffs Net
AllowanceForLoanAndLeaseLossesWriteoffsNet
31132000
CY2022 us-gaap Allowance For Loan And Lease Losses Writeoffs Net
AllowanceForLoanAndLeaseLossesWriteoffsNet
16380000
CY2023 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
37810000
CY2022 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
30059000
CY2023Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
84235000
CY2022Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
63845000
CY2023 us-gaap Financing Receivable Excluding Accrued Interest Year One Originated Current Fiscal Year Writeoff
FinancingReceivableExcludingAccruedInterestYearOneOriginatedCurrentFiscalYearWriteoff
5332000
CY2023 us-gaap Financing Receivable Excluding Accrued Interest Year Two Originated Fiscal Year Before Current Fiscal Year Writeoff
FinancingReceivableExcludingAccruedInterestYearTwoOriginatedFiscalYearBeforeCurrentFiscalYearWriteoff
24522000
CY2023 us-gaap Financing Receivable Excluding Accrued Interest Year Three Originated Two Years Before Current Fiscal Year Writeoff
FinancingReceivableExcludingAccruedInterestYearThreeOriginatedTwoYearsBeforeCurrentFiscalYearWriteoff
13638000
CY2023 us-gaap Financing Receivable Excluding Accrued Interest Year Four Originated Three Years Before Current Fiscal Year Writeoff
FinancingReceivableExcludingAccruedInterestYearFourOriginatedThreeYearsBeforeCurrentFiscalYearWriteoff
5817000
CY2023 us-gaap Financing Receivable Excluding Accrued Interest Year Five Originated Four Years Before Current Fiscal Year Writeoff
FinancingReceivableExcludingAccruedInterestYearFiveOriginatedFourYearsBeforeCurrentFiscalYearWriteoff
6336000
CY2023 us-gaap Financing Receivable Excluding Accrued Interest Originated More Than Five Years Before Current Fiscal Year Writeoff
FinancingReceivableExcludingAccruedInterestOriginatedMoreThanFiveYearsBeforeCurrentFiscalYearWriteoff
12023000
CY2023 mfin Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Write Off1
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteOff1
67668000
CY2023Q4 mfin Impaired Financing Receivables With Related Allowance Related Allowance
ImpairedFinancingReceivablesWithRelatedAllowanceRelatedAllowance
3890000
CY2022Q4 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
32550000
CY2022Q4 us-gaap Impaired Financing Receivable With Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithRelatedAllowanceUnpaidPrincipalBalance
33754000
CY2022Q4 mfin Impaired Financing Receivables With Related Allowance Related Allowance
ImpairedFinancingReceivablesWithRelatedAllowanceRelatedAllowance
10806000
CY2023Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
84235000
CY2023Q4 mfin Percentage Of Allowance For Loan Losses
PercentageOfAllowanceForLoanLosses
1
CY2023Q4 mfin Allowance For Loan And Lease Losses Loans Acquired Percentage Of Loans
AllowanceForLoanAndLeaseLossesLoansAcquiredPercentageOfLoans
0.038
CY2023Q4 mfin Allowance For Loan And Lease Losses Loans Acquired Percentage Of Loans Nonaccrual
AllowanceForLoanAndLeaseLossesLoansAcquiredPercentageOfLoansNonaccrual
3.2431
CY2022Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
63845000
CY2022Q4 mfin Percentage Of Allowance For Loan Losses
PercentageOfAllowanceForLoanLosses
1
CY2022Q4 mfin Allowance For Loan And Lease Losses Loans Acquired Percentage Of Loans
AllowanceForLoanAndLeaseLossesLoansAcquiredPercentageOfLoans
0.0333
CY2022Q4 mfin Allowance For Loan And Lease Losses Loans Acquired Percentage Of Loans Nonaccrual
AllowanceForLoanAndLeaseLossesLoansAcquiredPercentageOfLoansNonaccrual
1.9869
CY2023Q4 us-gaap Loans And Leases Receivable Impaired Nonperforming Nonaccrual Of Interest
LoansAndLeasesReceivableImpairedNonperformingNonaccrualOfInterest
25974000
CY2022Q4 us-gaap Loans And Leases Receivable Impaired Nonperforming Nonaccrual Of Interest
LoansAndLeasesReceivableImpairedNonperformingNonaccrualOfInterest
32133000
CY2021Q4 us-gaap Loans And Leases Receivable Impaired Nonperforming Nonaccrual Of Interest
LoansAndLeasesReceivableImpairedNonperformingNonaccrualOfInterest
35571000
CY2023 mfin Interest Income Foregone On Non Accrual Loans
InterestIncomeForegoneOnNonAccrualLoans
928000
CY2022 mfin Interest Income Foregone On Non Accrual Loans
InterestIncomeForegoneOnNonAccrualLoans
1267000
CY2021 mfin Interest Income Foregone On Non Accrual Loans
InterestIncomeForegoneOnNonAccrualLoans
1620000
CY2023 mfin Amount Of Foregone Interest Applied To Principal
AmountOfForegoneInterestAppliedToPrincipal
238000
CY2022 mfin Amount Of Foregone Interest Applied To Principal
AmountOfForegoneInterestAppliedToPrincipal
375000
CY2021 mfin Amount Of Foregone Interest Applied To Principal
AmountOfForegoneInterestAppliedToPrincipal
432000
CY2023 mfin Interest Foregone Life To Date
InterestForegoneLifeToDate
2119000
CY2022 mfin Interest Foregone Life To Date
InterestForegoneLifeToDate
2419000
CY2021 mfin Interest Foregone Life To Date
InterestForegoneLifeToDate
3623000
CY2023 mfin Amount Of Foregone Interest Applied To Principal Life To Date
AmountOfForegoneInterestAppliedToPrincipalLifeToDate
822000
CY2022 mfin Amount Of Foregone Interest Applied To Principal Life To Date
AmountOfForegoneInterestAppliedToPrincipalLifeToDate
1204000
CY2021 mfin Amount Of Foregone Interest Applied To Principal Life To Date
AmountOfForegoneInterestAppliedToPrincipalLifeToDate
942000
CY2023Q4 us-gaap Loans And Leases Receivable Ratio Of Nonperforming Loans To All Loans
LoansAndLeasesReceivableRatioOfNonperformingLoansToAllLoans
0.012
CY2022Q4 us-gaap Loans And Leases Receivable Ratio Of Nonperforming Loans To All Loans
LoansAndLeasesReceivableRatioOfNonperformingLoansToAllLoans
0.017
CY2021Q4 us-gaap Loans And Leases Receivable Ratio Of Nonperforming Loans To All Loans
LoansAndLeasesReceivableRatioOfNonperformingLoansToAllLoans
0.024
CY2023Q4 mfin Loans And Leases Receivable Allowances For Loan To Nonaccrual Loans
LoansAndLeasesReceivableAllowancesForLoanToNonaccrualLoans
3.243
CY2022Q4 mfin Loans And Leases Receivable Allowances For Loan To Nonaccrual Loans
LoansAndLeasesReceivableAllowancesForLoanToNonaccrualLoans
1.987
CY2021Q4 mfin Loans And Leases Receivable Allowances For Loan To Nonaccrual Loans
LoansAndLeasesReceivableAllowancesForLoanToNonaccrualLoans
1.41
CY2023Q4 us-gaap Loans And Leases Receivable Loans In Process
LoansAndLeasesReceivableLoansInProcess
2215886000
CY2023 mfin Loans And Leases Receivable Non Performing Percentage
LoansAndLeasesReceivableNonPerformingPercentage
0.0117
CY2022Q4 us-gaap Loans And Leases Receivable Loans In Process
LoansAndLeasesReceivableLoansInProcess
1916953000
CY2022 mfin Loans And Leases Receivable Non Performing Percentage
LoansAndLeasesReceivableNonPerformingPercentage
0.017
CY2023Q4 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
25974000
CY2023Q4 us-gaap Impaired Financing Receivable With Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithRelatedAllowanceUnpaidPrincipalBalance
26796000
CY2023 us-gaap Impaired Financing Receivable With Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceAverageRecordedInvestment
22405000
CY2023 mfin Impaired Financing Receivable With Related Allowance Interest Income And Adjusted Interest Expense Accrual Method
ImpairedFinancingReceivableWithRelatedAllowanceInterestIncomeAndAdjustedInterestExpenseAccrualMethod
17000
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ImpairedFinancingReceivableWithRelatedAllowanceAverageRecordedInvestment
39007000
CY2022 mfin Impaired Financing Receivable With Related Allowance Interest Income And Adjusted Interest Expense Accrual Method
ImpairedFinancingReceivableWithRelatedAllowanceInterestIncomeAndAdjustedInterestExpenseAccrualMethod
405000
CY2023Q4 us-gaap Notes Receivable Gross
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81013000
CY2023Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
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2176412000
CY2023Q4 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
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0
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40000000
CY2022Q4 us-gaap Notes Receivable Gross
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57618000
CY2022Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
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1882585000
CY2022Q4 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
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0
CY2022 mfin Capitalized Loan Origination Costs
CapitalizedLoanOriginationCosts
34900000
CY2023Q4 mfin Loan To Value Ratio
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1.83
CY2022Q4 mfin Loan To Value Ratio
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3.39
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21819000
CY2023 mfin Loan In Process Of Foreclosure Loans Transfer
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21181000
CY2023 mfin Loan In Process Of Foreclosure Loan Sales
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-8590000
CY2023 mfin Loan In Process Of Foreclosure Loans Cash Payment Received
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-12041000
CY2023 mfin Loan In Process Of Foreclosure Loans Collateral Valuation Adjustments
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-10597000
CY2023Q4 us-gaap Mortgage Loans In Process Of Foreclosure Amount
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11772000
CY2021Q4 us-gaap Mortgage Loans In Process Of Foreclosure Amount
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37430000
CY2022 mfin Loan In Process Of Foreclosure Loans Transfer
LoanInProcessOfForeclosureLoansTransfer
12791000
CY2022 mfin Loan In Process Of Foreclosure Loan Sales
LoanInProcessOfForeclosureLoanSales
-10375000
CY2022 mfin Loan In Process Of Foreclosure Loans Cash Payment Received
LoanInProcessOfForeclosureLoansCashPaymentReceived
-12289000
CY2022 mfin Loan In Process Of Foreclosure Loans Collateral Valuation Adjustments
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-5738000
CY2022Q4 us-gaap Mortgage Loans In Process Of Foreclosure Amount
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21819000
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686846000
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547405000
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370748000
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240208000
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187482000
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84500000
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2117189000
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1832184000
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0.035
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8500000
CY2022Q4 us-gaap Deferred Costs Current And Noncurrent
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7000000
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1500000
CY2022Q4 mfin Reserve Deposits
ReserveDeposits
1300000
CY2023Q4 mfin Listing Services Deposits From Other Financial Institutions
ListingServicesDepositsFromOtherFinancialInstitutions
11800000
CY2022Q4 mfin Listing Services Deposits From Other Financial Institutions
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12400000
CY2023Q4 us-gaap Deposits Retail
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14900000
CY2023Q4 us-gaap Contractual Maturities Time Deposits100000 Or More Three Months Or Less
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191715000
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ContractualMaturitiesTimeDeposits100000OrMoreThreeMonthsThroughSixMonths
190494000
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296637000
CY2023Q4 us-gaap Contractual Maturities Time Deposits100000 Or More After12 Months
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1190593000
CY2023Q4 us-gaap Time Deposits100000 Or More
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1869439000
CY2023Q4 mfin Collateral Deposits
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1500000
CY2023Q4 us-gaap Time Deposits
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1870939000
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6000000
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2000000
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2390000
CY2022 us-gaap Operating Lease Cost
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2216000
CY2021 us-gaap Operating Lease Cost
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2287000
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2472000
CY2022 us-gaap Operating Lease Payments
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2378000
CY2021 us-gaap Operating Lease Payments
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2454000
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-226000
CY2022 mfin Increase Decrease In Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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-187000
CY2021 mfin Increase Decrease In Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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-118000
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8785000
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9723000
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2472000
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2239000
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7019000
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8408000
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9491000
CY2022Q4 us-gaap Operating Lease Liability
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10647000
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P4Y10M24D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P5Y6M
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0.0547
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0.0566
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LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
2536000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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2546000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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2567000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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1342000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
573000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
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1139000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
10703000
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1212000
CY2023Q4 us-gaap Operating Lease Liability
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9491000
CY2023Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets
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43034000
CY2022Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssets
43397000
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Provision For Loan Losses
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13032000
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Provision For Loan Losses
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsProvisionForLoanLosses
9945000
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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3802000
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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3730000
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1565000
CY2022 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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0
CY2021 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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1833000
CY2023 us-gaap Income Tax Reconciliation Tax Contingencies State And Local
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-222000
CY2022 us-gaap Income Tax Reconciliation Tax Contingencies State And Local
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-811000
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense
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6976000
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense
DeferredTaxAssetsTaxDeferredExpense
3819000
CY2023Q4 mfin Deferred Tax Liabilities Unrealized Loss On Other Investments
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-1877000
CY2022Q4 mfin Deferred Tax Liabilities Unrealized Loss On Other Investments
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-1445000
CY2023Q4 us-gaap Deferred Income Tax Liabilities
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17347000
CY2022Q4 us-gaap Deferred Income Tax Liabilities
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24458000
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
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3860000
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
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2295000
CY2023Q4 us-gaap Deferred Tax Liabilities
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21207000
CY2022Q4 us-gaap Deferred Tax Liabilities
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26753000
CY2023 us-gaap Current Federal Tax Expense Benefit
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18634000
CY2022 us-gaap Current Federal Tax Expense Benefit
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5213000
CY2021 us-gaap Current Federal Tax Expense Benefit
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3550000
CY2023 us-gaap Current State And Local Tax Expense Benefit
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CY2022 us-gaap Current State And Local Tax Expense Benefit
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560000
CY2021 us-gaap Current State And Local Tax Expense Benefit
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1563000
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
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8090000
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
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13686000
CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
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314000
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
4100000
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
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5418000
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
24910000
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
17963000
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
24217000
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.21
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.21
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18068000
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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14249000
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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17193000
CY2023 us-gaap Income Tax Reconciliation State And Local Income Taxes
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-3534000
CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
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-2787000
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
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-3363000
CY2022 us-gaap Stock Issued During Period Shares Stock Options Exercised
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23745
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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6.51
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1061849
CY2021 us-gaap Income Tax Reconciliation Tax Contingencies State And Local
IncomeTaxReconciliationTaxContingenciesStateAndLocal
1691000
CY2023 us-gaap Income Tax Reconciliation Minority Interest Income Expense
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0
CY2022 us-gaap Income Tax Reconciliation Minority Interest Income Expense
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0
CY2021 us-gaap Income Tax Reconciliation Minority Interest Income Expense
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628000
CY2023 us-gaap Income Tax Reconciliation Nondeductible Expense
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2024000
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense
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1987000
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense
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178000
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-59000
CY2022 us-gaap Income Tax Reconciliation Other Adjustments
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-249000
CY2021 us-gaap Income Tax Reconciliation Other Adjustments
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587000
CY2023 us-gaap Income Tax Expense Benefit
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24910000
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
17963000
CY2021 us-gaap Income Tax Expense Benefit
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24217000
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959522
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697647
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0
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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0
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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0.0097
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0
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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0
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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0
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P6Y3M
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0
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
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CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
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0.5398
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CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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113310
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6.64
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5.58
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CY2021Q4 mfin Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Exercise Price Range Upper Range Limit
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableExercisePriceRangeUpperRangeLimit
12.55
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
6.53
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
548426
CY2022Q4 mfin Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Exercise Price Range Lower Range Limit
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableExercisePriceRangeLowerRangeLimit
2.14
CY2022Q4 mfin Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Exercise Price Range Upper Range Limit
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableExercisePriceRangeUpperRangeLimit
9.38
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
6.51
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
697647
CY2023Q4 mfin Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Exercise Price Range Lower Range Limit
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableExercisePriceRangeLowerRangeLimit
2.14
CY2023Q4 mfin Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Exercise Price Range Upper Range Limit
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableExercisePriceRangeUpperRangeLimit
9.38
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
6.51
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
100000
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
100000
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
200000
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
3200000
CY2023Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
2300000
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y1M6D
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y10M24D
CY2022Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
513423
CY2022Q4 mfin Share Based Compensation Arrangement By Share Based Payment Award Options Nonvested Options Exercise Price Per Share Range Lower Range Limit
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonvestedOptionsExercisePricePerShareRangeLowerRangeLimit
4.89
CY2022Q4 mfin Share Based Compensation Arrangement By Share Based Payment Award Options Nonvested Options Exercise Price Per Share Range Upper Range Limit
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonvestedOptionsExercisePricePerShareRangeUpperRangeLimit
7.25
CY2022Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
6.52
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares
3336
CY2022 mfin Interest Expense Net
InterestExpenseNet
36185000
CY2022 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
160436000
CY2022 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
30059000
CY2022 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
130377000
CY2022 us-gaap Other Income
OtherIncome
9526000
CY2023 mfin Share Based Compensation Arrangement By Share Based Payment Award Options Nonvested Options Forfeited Exercise Price Per Share Lower Range Limit
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonvestedOptionsForfeitedExercisePricePerShareLowerRangeLimit
4.89
CY2023 mfin Share Based Compensation Arrangement By Share Based Payment Award Options Nonvested Options Forfeited Exercise Price Per Share Upper Range Limit
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonvestedOptionsForfeitedExercisePricePerShareUpperRangeLimit
7.25
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
5.51
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
248212
CY2023 mfin Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures In Period Grant Price Per Share Range Lower Range Limit
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresInPeriodGrantPricePerShareRangeLowerRangeLimit
4.89
CY2023 mfin Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures In Period Grant Price Per Share Range Upper Range Limit
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresInPeriodGrantPricePerShareRangeUpperRangeLimit
7.25
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
6.55
CY2023Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
261875
CY2023Q4 mfin Share Based Compensation Arrangement By Share Based Payment Award Options Nonvested Options Exercise Price Per Share Range Lower Range Limit
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonvestedOptionsExercisePricePerShareRangeLowerRangeLimit
4.89
CY2023Q4 mfin Share Based Compensation Arrangement By Share Based Payment Award Options Nonvested Options Exercise Price Per Share Range Upper Range Limit
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonvestedOptionsExercisePricePerShareRangeUpperRangeLimit
7.25
CY2023Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
6.49
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
400000
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
300000
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
100000
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
160595
CY2023 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
5
CY2023 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
4
CY2023 mfin Number Of Non Operating Segments
NumberOfNonOperatingSegments
1
CY2023 mfin Interest Income Expense Operating
InterestIncomeExpenseOperating
251040000
CY2023 mfin Interest Expense Net
InterestExpenseNet
62946000
CY2023 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
188094000
CY2023 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
37810000
CY2023 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
150284000
CY2023 us-gaap Other Income
OtherIncome
11320000
CY2023 mfin Non Interest Expense Income
NonInterestExpenseIncome
75568000
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
86036000
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
24910000
CY2023 us-gaap Profit Loss
ProfitLoss
61126000
CY2023 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
6047000
CY2023 us-gaap Net Income Loss
NetIncomeLoss
55079000
CY2023Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
2215886000
CY2023Q4 us-gaap Assets
Assets
2587827000
CY2023Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
2118690000
CY2023 mfin Return On Average Assets Percentage
ReturnOnAverageAssetsPercentage
0.0251
CY2023 mfin Percentage Of Return On Average Stockholders Equity
PercentageOfReturnOnAverageStockholdersEquity
0.1733
CY2023 mfin Percentage Of Return On Average Equity
PercentageOfReturnOnAverageEquity
0.1579
CY2023 mfin Interest Yield
InterestYield
0.1119
CY2023 mfin Net Interest Margin
NetInterestMargin
0.0838
CY2023 mfin Net Interest Margin Net Of Allowance Percentage
NetInterestMarginNetOfAllowancePercentage
0.0868
CY2023 mfin Reserve Coverage Ratio
ReserveCoverageRatio
0.038
CY2023 mfin Delinquency Status
DelinquencyStatus
0.0077
CY2023 mfin Chargeoffs To Loans Percentage
ChargeoffsToLoansPercentage
0.0148
CY2022 mfin Interest Income Expense Operating
InterestIncomeExpenseOperating
196621000
CY2022 mfin Non Interest Expense Income
NonInterestExpenseIncome
72053000
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
67850000
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
17963000
CY2022 us-gaap Profit Loss
ProfitLoss
49887000
CY2022 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
6047000
CY2022 us-gaap Net Income Loss
NetIncomeLoss
43840000
CY2022Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
1916953000
CY2022Q4 us-gaap Assets
Assets
2259879000
CY2022Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
1833435000
CY2022 mfin Return On Average Assets Percentage
ReturnOnAverageAssetsPercentage
0.024
CY2022 mfin Percentage Of Return On Average Stockholders Equity
PercentageOfReturnOnAverageStockholdersEquity
0.1492
CY2022 mfin Percentage Of Return On Average Equity
PercentageOfReturnOnAverageEquity
0.1374
CY2022 mfin Interest Yield
InterestYield
0.107
CY2022 mfin Net Interest Margin
NetInterestMargin
0.0873
CY2022 mfin Net Interest Margin Net Of Allowance Percentage
NetInterestMarginNetOfAllowancePercentage
0.0905
CY2022 mfin Reserve Coverage Ratio
ReserveCoverageRatio
0.0333
CY2022 mfin Delinquency Status
DelinquencyStatus
0.0047
CY2022 mfin Chargeoffs To Loans Percentage
ChargeoffsToLoansPercentage
0.0096
CY2021 mfin Interest Income Expense Operating
InterestIncomeExpenseOperating
158966000
CY2021 mfin Interest Expense Net
InterestExpenseNet
31140000
CY2021 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
127826000
CY2021 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
4622000
CY2021 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
123204000
CY2021 mfin Income From Sponsorship And Race Winnings
IncomeFromSponsorshipAndRaceWinnings
12567000
CY2021 mfin Race Team Related Expense
RaceTeamRelatedExpense
9559000
CY2021 us-gaap Other Income
OtherIncome
18999000
CY2021 mfin Non Interest Expense Income
NonInterestExpenseIncome
63340000
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
81871000
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
24217000
CY2021 us-gaap Profit Loss
ProfitLoss
57654000
CY2021 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3546000
CY2021 us-gaap Net Income Loss
NetIncomeLoss
54108000
CY2021Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
1488924000
CY2021Q4 us-gaap Assets
Assets
1873057000
CY2021Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
1478001000
CY2021 mfin Return On Average Assets Percentage
ReturnOnAverageAssetsPercentage
0.0333
CY2021 mfin Percentage Of Return On Average Stockholders Equity
PercentageOfReturnOnAverageStockholdersEquity
0.2124
CY2021 mfin Percentage Of Return On Average Equity
PercentageOfReturnOnAverageEquity
0.1764
CY2021 mfin Interest Yield
InterestYield
0.1108
CY2021 mfin Net Interest Margin
NetInterestMargin
0.0891
CY2021 mfin Net Interest Margin Net Of Allowance Percentage
NetInterestMarginNetOfAllowancePercentage
0.0925
CY2021 mfin Reserve Coverage Ratio
ReserveCoverageRatio
0.0337
CY2021 mfin Delinquency Status
DelinquencyStatus
0.0028
CY2021 mfin Chargeoffs To Loans Percentage
ChargeoffsToLoansPercentage
0.0089
CY2023 mfin Employment Agreement Description
EmploymentAgreementDescription
Employment agreements expire at various dates through 2027
CY2023Q4 mfin Employment Agreements Future Minimum Payments Due
EmploymentAgreementsFutureMinimumPaymentsDue
9900000
CY2023Q4 mfin Employment Agreements Future Minimum Payments Due Current
EmploymentAgreementsFutureMinimumPaymentsDueCurrent
4259000
CY2023Q4 mfin Employment Agreements Future Minimum Payments Due In Two Years
EmploymentAgreementsFutureMinimumPaymentsDueInTwoYears
2547000
CY2023Q4 mfin Employment Agreements Future Minimum Payments Due In Three Years
EmploymentAgreementsFutureMinimumPaymentsDueInThreeYears
2161000
CY2023Q4 mfin Employment Agreements Future Minimum Payments Due In Four Years
EmploymentAgreementsFutureMinimumPaymentsDueInFourYears
900000
CY2023Q4 mfin Employment Agreements Future Minimum Payments Due Thereafter
EmploymentAgreementsFutureMinimumPaymentsDueThereafter
0
CY2023Q4 mfin Employment Agreements Future Minimum Payments Due
EmploymentAgreementsFutureMinimumPaymentsDue
9867000
CY2023Q4 us-gaap Other Commitment
OtherCommitment
0
CY2023 mfin Net Change In Unrealized Gains Losses Net Of Tax
NetChangeInUnrealizedGainsLossesNetOfTax
-300000
CY2022 mfin Net Change In Unrealized Gains Losses Net Of Tax
NetChangeInUnrealizedGainsLossesNetOfTax
-4400000
CY2018Q4 us-gaap Variable Interest Entity Initial Consolidation Gain Or Loss
VariableInterestEntityInitialConsolidationGainOrLoss
25300000
CY2021Q4 us-gaap Equity Method Investments
EquityMethodInvestments
0

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