JMP GROUP LLC JMPB Balance Sheet

Jmp group llc (JMPB)

Balance Sheet / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14
Assets
Cash and cash equivalents
38,435	49,630	48,020	52,901	41,909	70,927	73,143	50,402	47,858	85,594	87,493	88,785	81,235	85,492	88,668	69,972	53,821	-	62,582	35,511	49,337	101,102
Restricted cash
1,287	1,287	1,221	1,221	1,221	61,881	48,586	46,693	70,419	51,727	61,964	51,629	67,133	227,656	124,046	75,792	58,325	-	76,432	107,840	75,164	51,834
Receivable from clearing broker
-	-	-	-	-	-	-	-	-	-	20,384	5,789	6,051	-	10,952	15,654	14,670	14,586	1,614	1,450	1,552	16,553
Investment banking fees receivable
5,757	9,066	7,392	6,169	5,608	6,647	10,725	17,540	8,233	9,567	14,692	12,379	8,122	5,681	4,819	2,710	5,942	5,044	6,428	16,071	15,414	10,439
Marketable securities owned at fair value
56,024	73,101	83,555	81,499	92,190	18,874	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Marketable securities owned, at fair value
-	-	-	-	-	-	20,194	21,455	19,640	20,825	22,015	21,233	20,558	18,722	21,553	27,891	27,438	28,493	34,712	58,820	36,952	29,466
Incentive fee receivable
-	-	-	-	-	-	-	-	-	-	19	2	242	499	320	1,484	5,330	-	2,827	1,494	1,054	7,092
Other investments (includes $13,468 and $14,206 measured at fair value at March 31, 2020 and December 31, 2019, respectively)
21,987	35,309	34,841	32,112	23,447	16,124	15,793	16,916	17,033	27,984	26,573	29,190	30,279	32,869	41,340	53,223	60,429	68,859	73,908	79,363	87,930	81,885
Loans held for sale
-	-	-	-	-	-	-	-	-	-	0	0	1,437	32,488	-	-	-	0	-	-	-	-
Loans held for investment, net of allowance for loan losses
1,181	1,210	4,777	5,292	4,962	29,608	5,606	285,846	145,253	83,948	-	-	-	1,930	-	-	-	-	-	-	-	-
Loans collateralizing asset-backed securities issued, net of allowance for loan losses
-	-	-	-	-	1,161,463	1,164,404	784,663	754,632	765,583	756,166	757,762	610,955	654,127	823,694	903,798	951,676	-	986,309	982,486	1,031,613	1,038,848
Interest receivable
392	502	372	386	311	3,004	3,046	2,571	2,439	2,259	2,051	1,889	2,549	3,429	3,003	3,340	3,581	-	3,336	2,463	2,763	2,885
Cash collateral posted for total return swap
-	-	-	-	-	-	-	-	-	-	0	1,540	25,940	25,000	25,240	25,240	25,240	25,000	25,000	25,000	-	0
Fixed assets, net
3,984	4,267	2,649	2,518	2,575	2,351	2,363	2,351	2,169	2,322	2,459	2,629	2,863	3,143	3,286	3,556	3,669	3,929	4,179	3,008	2,243	2,233
Operating lease right-of-use asset
18,802	19,632	20,293	21,096	22,104	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred tax assets
-	-	-	-	-	-	-	-	-	-	12,287	7,608	7,942	-	11,059	10,688	9,625	8,315	11,646	11,324	11,509	10,570
Other assets
41,195	36,253	30,171	32,779	27,438	20,363	19,706	22,594	34,142	26,817	6,181	12,484	14,725	34,794	6,846	10,159	10,561	15,232	23,294	22,750	21,528	34,202
Total assets
189,044	230,257	233,291	235,973	221,765	1,391,242	1,363,566	1,251,031	1,101,818	1,076,626	1,031,031	999,978	881,188	1,125,830	1,166,979	1,205,705	1,232,955	1,270,858	1,314,833	1,350,191	1,339,011	1,389,105
Liabilities:
Marketable securities sold, but not yet purchased, at fair value
1,959	3,855	2,837	2,724	2,696	4,626	5,604	5,630	6,280	7,919	21,001	5,770	5,206	4,747	8,886	13,769	13,373	13,284	14,602	13,633	17,677	15,048
Accrued compensation
5,592	30,253	17,867	13,672	5,647	41,609	33,371	25,290	10,064	43,131	28,285	18,739	8,520	36,158	23,161	18,513	13,460	39,470	24,054	21,842	10,853	54,739
Asset-backed securities issued (net of debt issuance costs of $8,979 at December 31, 2018)
-	-	-	-	-	1,112,342	1,112,049	739,912	735,058	738,248	737,780	737,211	613,354	825,854	857,444	888,902	918,998	930,224	959,762	987,434	995,046	1,001,137
Interest payable
711	520	549	1,153	1,035	11,210	10,371	8,854	6,043	6,512	7,557	3,723	5,769	6,317	5,961	5,818	5,811	5,377	5,255	5,095	7,602	5,568
Repurchase agreement
-	-	-	-	-	-	-	-	3,878	-	-	-	-	-	-	-	-	-	-	-	-	-
Note payable
6,812	6,812	15,812	15,812	829	829	829	18,829	8,829	-	-	-	-	-	-	-	-	-	-	-	-	-
CLO warehouse credit facilities
-	-	-	-	-	22,500	0	238,500	112,800	61,250	7,000	-	-	0	-	-	-	-	-	-	-	-
Bond payable (net of debt issuance costs of $3,229 and $3,416 at March 31, 2020 and December 31, 2019, respectively)
80,636	82,584	82,427	-	-	83,497	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Bond payable (net of debt issuance costs of $2,219 and $2,428 at June 30, 2019 and December 31, 2018, respectively)
-	-	-	83,706	83,600	-	83,395	93,145	93,069	93,103	92,101	91,996	91,890	91,785	91,680	91,575	91,470	91,825	94,300	94,300	94,300	94,300
Operating lease liability
24,359	25,394	26,145	26,482	27,470	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred tax liability
-	-	-	-	-	-	-	-	-	-	2,393	2,330	2,653	-	5,192	12,590	14,523	14,693	19,969	20,837	21,129	19,161
Other liabilities
17,763	19,478	16,141	17,252	14,041	17,423	17,653	18,602	19,661	16,284	20,351	22,177	25,056	25,675	36,586	27,547	25,077	23,091	37,504	42,445	31,672	37,310
Total liabilities
137,832	168,896	161,778	160,801	135,318	1,294,036	1,263,272	1,148,762	995,682	966,447	916,468	881,946	752,448	990,536	1,028,910	1,058,714	1,082,712	1,117,964	1,155,446	1,185,586	1,178,279	1,227,110
Commitments and Contingencies (Note 16)
-	-	-	-	-	-	0	0	0	-	0	0	0	0	-	-	0	0	0	0	0	0
JMP Group LLC Shareholders' Equity
Common shares, $0.001 par value, 100,000,000 shares authorized at March 31, 2020 and December 31, 2019; 22,797,092 shares issued at March 31, 2020 and December 31, 2019; 19,547,006 and 19,509,349 shares outstanding at March 31, 2020 and December 31, 2019, respectively
23	23	23	23	23	23	23	23	23	23	23	23	23	23	23	23	23	23	23	23	23	23
Additional paid-in capital
134,128	133,894	134,858	134,332	134,234	134,129	134,960	134,547	135,084	134,719	137,430	137,031	136,246	135,945	139,946	137,251	136,023	135,003	140,780	139,034	136,751	134,800
Treasury shares at cost, 3,250,086 and 3,287,743 shares at March 31, 2020 and December 31, 2019, respectively
14,698	14,872	15,869	15,876	8,328	7,932	7,908	7,218	6,916	5,955	7,605	6,924	6,608	7,792	10,695	10,675	9,347	6,763	10,331	10,154	10,235	10,316
Accumulated other comprehensive loss
-3,488	-4,769	-1,860	-2,569	-782	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accumulated deficit
-64,336	-52,588	-45,303	-40,469	-38,514	-42,513	-40,341	-38,698	-34,773	-32,452	-29,138	-25,968	-15,487	-8,799	-7,473	-6,220	-3,963	-3,151	901	7,241	3,892	8,090
Total JMP Group LLC shareholders' equity
51,629	61,688	71,849	75,441	86,633	83,707	86,734	88,654	93,418	96,335	100,710	104,162	114,174	119,377	121,801	120,379	122,736	125,112	131,373	136,144	130,431	132,597
Non-controlling interest
-417	-327	-336	-269	-186	13,499	13,560	13,615	12,718	13,844	13,853	13,870	14,566	15,917	16,268	26,612	27,507	27,782	28,014	28,461	30,301	156,332
Total equity
51,212	61,361	71,513	75,172	86,447	97,206	100,294	102,269	106,136	110,179	114,563	118,032	128,740	135,294	138,069	146,991	150,243	152,894	159,387	164,605	160,732	288,929
Total liabilities and equity
189,044	230,257	233,291	235,973	221,765	1,391,242	1,363,566	1,251,031	1,101,818	1,076,626	1,031,031	999,978	881,188	1,125,830	1,166,979	1,205,705	1,232,955	1,270,858	1,314,833	1,350,191	1,339,011	1,516,192
Cash and cash equivalents
38,435	49,630	48,020	52,901	41,909	70,927	73,143	50,402	47,858	85,594	87,493	88,785	81,235	85,492	88,668	69,972	53,821	68,551	62,582	35,511	49,337	101,102
Restricted cash
1,287	1,287	1,221	1,221	1,221	61,881	48,586	46,693	70,419	51,727	61,964	51,629	67,133	227,656	124,046	75,792	58,325	52,572	76,432	107,840	75,164	51,834
Loans held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	32,488	-	-	-	-	-	-	-	-
Loans held for investment, net of allowance for loan losses
-	-	-	-	-	-	-	-	-	-	18,747	7,059	1,157	-	2,153	2,198	2,648	2,595	2,566	2,611	1,952	1,997
Loans collateralizing asset-backed securities issued, net of allowance for loan losses
-	-	-	-	-	1,161,463	1,164,404	784,663	754,632	765,583	756,166	757,762	610,955	654,127	823,694	903,798	951,676	969,665	986,309	982,486	1,031,613	1,038,848
Interest receivable
392	502	372	386	311	3,004	3,046	2,571	2,439	2,259	2,051	1,889	2,549	3,429	3,003	3,340	3,581	3,620	3,336	2,463	2,763	2,885
Other investments (includes $14,392 and $9,913 at fair value at September 30, 2019 and December 31, 2018, respectively)
21,987	35,309	34,841	32,112	23,447	16,124	-	-	-	27,984	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
41,195	36,253	30,171	32,779	27,438	20,363	19,706	22,594	34,142	26,817	6,181	12,484	14,725	34,794	6,846	10,159	10,561	-	23,294	22,750	21,528	34,202
Total assets
189,044	230,257	233,291	235,973	221,765	1,391,242	1,363,566	1,251,031	1,101,818	1,076,626	1,031,031	999,978	881,188	1,125,830	1,166,979	1,205,705	1,232,955	1,270,858	1,314,833	1,350,191	1,339,011	1,389,105
Incentive fee receivable
-	-	-	-	-	-	-	-	-	-	19	2	242	499	320	1,484	5,330	4,397	2,827	1,494	1,054	7,092
Accrued compensation
5,592	30,253	17,867	13,672	5,647	41,609	33,371	25,290	10,064	43,131	28,285	18,739	8,520	36,158	23,161	18,513	13,460	-	24,054	21,842	10,853	54,739
Asset-backed securities issued (net of debt issuance costs of $8,979 at December 31, 2018)
-	-	-	-	-	1,112,342	1,112,049	739,912	735,058	738,248	737,780	737,211	613,354	825,854	857,444	888,902	918,998	-	959,762	987,434	995,046	1,001,137
Note payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	-	-	-	-
Interest payable
711	520	549	1,153	1,035	11,210	10,371	8,854	6,043	6,512	7,557	3,723	5,769	6,317	5,961	5,818	5,811	-	5,255	5,095	7,602	5,568
Other liabilities
17,763	19,478	16,141	17,252	14,041	17,423	17,653	18,602	19,661	16,284	20,351	22,177	25,056	25,675	36,586	27,547	25,077	-	37,504	42,445	31,672	37,310
Total liabilities
137,832	168,896	161,778	160,801	135,318	1,294,036	1,263,272	1,148,762	995,682	966,447	916,468	881,946	752,448	990,536	1,028,910	1,058,714	1,082,712	1,117,964	1,155,446	1,185,586	1,178,279	1,227,110
Variable Interest Entity (VIE) or Potential VIE, Information Unavailability [Member]
Restricted cash
-	-	-	-	-	-	-	-	-	43,050	-	-	-	-	-	-	-	-	-	-	-	-
Other investments (includes $14,392 and $9,913 at fair value at September 30, 2019 and December 31, 2018, respectively)
-	-	-	-	-	-	-	-	-	492	-	-	-	-	-	-	-	-	-	-	-	-
Loans collateralizing asset-backed securities issued, net of allowance for loan losses
-	-	-	-	-	-	-	-	-	765,583	-	-	-	-	-	-	-	-	-	-	-	-
Interest receivable
-	-	-	-	-	-	-	-	-	1,918	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
-	-	-	-	-	-	-	-	-	76	-	-	-	-	-	-	-	-	-	-	-	-
Total assets
-	-	-	-	-	-	-	-	-	811,119	-	-	-	-	-	-	-	-	-	-	-	-
Asset-backed securities issued (net of debt issuance costs of $8,979 at December 31, 2018)
-	-	-	-	-	-	-	-	-	738,248	-	-	-	-	-	-	-	-	-	-	-	-
Interest payable
-	-	-	-	-	-	-	-	-	5,346	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
-	-	-	-	-	-	-	-	-	1,221	-	-	-	-	-	-	-	-	-	-	-	-
Total liabilities
-	-	-	-	-	-	-	-	-	744,815	-	-	-	-	-	-	-	-	-	-	-	-
Restricted cash
-	-	-	-	-	-	-	-	-	43,050	-	-	-	-	-	-	-	-	-	-	-	-
Loans collateralizing asset-backed securities issued, net of allowance for loan losses
-	-	-	-	-	-	-	-	-	765,583	-	-	-	-	-	-	-	-	-	-	-	-
Interest receivable
-	-	-	-	-	-	-	-	-	1,918	-	-	-	-	-	-	-	-	-	-	-	-
Other investments (includes $14,392 and $9,913 at fair value at September 30, 2019 and December 31, 2018, respectively)
-	-	-	-	-	-	-	-	-	492	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
-	-	-	-	-	-	-	-	-	76	-	-	-	-	-	-	-	-	-	-	-	-
Total assets
-	-	-	-	-	-	-	-	-	811,119	-	-	-	-	-	-	-	-	-	-	-	-
Asset-backed securities issued (net of debt issuance costs of $8,979 at December 31, 2018)
-	-	-	-	-	-	-	-	-	738,248	-	-	-	-	-	-	-	-	-	-	-	-
Interest payable
-	-	-	-	-	-	-	-	-	5,346	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
-	-	-	-	-	-	-	-	-	1,221	-	-	-	-	-	-	-	-	-	-	-	-
Total liabilities
-	-	-	-	-	-	-	-	-	744,815	-	-	-	-	-	-	-	-	-	-	-	-