HIGHBuilt-inRegulatory
OCC
“10-K Item 1: 'As a national bank, LC Bank is subject to ongoing and comprehensive supervision, regulation, examination and enforcement by the Office of the Comptroller of the Currency (OCC)'”
LC · Concentration risk · 10-K extracted
LendingClub (LC) concentration risks
Updated
The most significant concentration LendingClub discloses is OCC, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: LendingClub’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH1
MEDIUM1
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMOutside partyCounterparty
marketplace investors
“10-K Item 1A: 'We may also experience significant concentration on our marketplace bank platform, where a limited number of marketplace investors purchase a large volume of loans from our platform'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's disclosed concentration profile combines a high-share regulatory dependency with a moderate counterparty concentration on the marketplace funding side. As a national bank, LC Bank is subject to ongoing and comprehensive supervision, regulation, examination, and enforcement by the Office of the Comptroller of the Currency (OCC) — a high-share structural exposure in the sense that the entire bank's operating authority, product scope, and capital requirements flow through its relationship with a single federal regulator. This is structural rather than a traditional concentration risk: it is an inherent feature of operating as a nationally chartered bank rather than a counterparty dependency that could be renegotiated. On the marketplace funding side, a limited number of marketplace investors may purchase a large volume of loans from the platform, a moderate counterparty concentration with a dependency character. If a small number of large investors were to reduce their purchasing activity — due to changes in credit appetite, regulatory constraints on their end, or alternative investment opportunities — the company's ability to originate and place loans at scale could be affected. Together the profile reflects two distinct concentration dimensions: regulatory concentration at the institutional level (high-share, structural) and funding-source concentration at the marketplace level (moderate, dependency). The two are not independent — regulatory actions by the OCC could constrain the bank's ability to grow the marketplace, amplifying the funding concentration risk. Monitoring the regulatory relationship with the OCC and the diversity of marketplace investor participation are the primary watch items.
For the engine’s reasoning on LC’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Banks - Regional
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| ASB | Associated Banc-Corp | 2 | 3 | 0 | 5 |
| BANC | Banc of California, Inc. | 2 | 0 | 0 | 2 |
| AX | Axos Financial, Inc. | 1 | 1 | 0 | 2 |
| LC● | LendingClub Corporation | 1 | 1 | 0 | 2 |
| AUB | Atlantic Union Bankshares Corpo | 0 | 3 | 0 | 3 |
| ABCB | Ameris Bancorp | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.