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Allowance for Credit Losses (Tables) | 3 Months Ended
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Mar. 31, 2023
Receivables [Abstract] |
Schedule of Allowance for Credit Losses, Accounts Receivable | The following table presents changes in our allowance for credit losses:
| Credit Card(1) |  | Commercial and Consumer Banking(1) |  | Accounts Receivable(1)
Three Months Ended March 31, 2023 |  |  |  |  |
Balance at December 31, 2022 | $ | 39,110 |  |  | $ | 1,678 |  |  | $ | 2,785 |
Provision for credit losses(2) | 8,237 |  |  | 170 |  |  | (854) |
Write-offs charged against the allowance(3) | (10,258) |  |  | — |  |  | (286) |
Balance at March 31, 2023 | $ | 37,089 |  |  | $ | 1,848 |  |  | $ | 1,645 |
Three Months Ended March 31, 2022 |  |  |  |  |
Balance at December 31, 2021 | $ | 7,037 |  |  | $ | — |  |  | $ | 2,292 |
Provision for credit losses(2) | 11,977 |  |  | 984 |  |  | (591) |
Allowance for PCD loans(4) | — |  |  | 382 |  |  | — |
Write-offs charged against the allowance | (2,514) |  |  | — |  |  | (49) |
Balance at March 31, 2022 | $ | 16,500 |  |  | $ | 1,366 |  |  | $ | 1,652 |
_____________________ (1)Credit cards and commercial and consumer banking loans measured at amortized cost, net of allowance for credit losses, are presented within loans held for investment in the condensed consolidated balance sheets. Accounts receivable balances, net of allowance for credit losses, are presented within other assets in the condensed consolidated balance sheets. (2)The provision for credit losses on credit cards and commercial and consumer banking loans is presented within noninterest expense—provision for credit losses in the condensed consolidated statements of operations and comprehensive income (loss). There were immaterial recoveries of amounts previously reserved related to credit cards and commercial and consumer banking loans during the three months ended March 31, 2023 and 2022. The provision for credit losses on accounts receivable is presented within noninterest expense—general and administrative in the condensed consolidated statements of operations and comprehensive income (loss). During the three months ended March 31, 2023 and 2022, recoveries of amounts previously reserved related to accounts receivable were $1,161 and $1,392, respectively. (3)The increase in credit card write-offs charged against the allowance during the three months ended March 31, 2023 relative to the corresponding period in 2022 was primarily related to our maturing portfolio. (4)In connection with the Bank Merger, we obtained purchased credit deteriorated (“PCD”) loans, for which we measured an allowance, with a corresponding increase to the amortized cost basis as of the acquisition date. Therefore, recognition of the initial allowance for credit losses did not impact earnings.
Schedule of Allowance for Credit Losses, Credit Card Loans | The following table presents changes in our allowance for credit losses:
| Credit Card(1) |  | Commercial and Consumer Banking(1) |  | Accounts Receivable(1)
Three Months Ended March 31, 2023 |  |  |  |  |
Balance at December 31, 2022 | $ | 39,110 |  |  | $ | 1,678 |  |  | $ | 2,785 |
Provision for credit losses(2) | 8,237 |  |  | 170 |  |  | (854) |
Write-offs charged against the allowance(3) | (10,258) |  |  | — |  |  | (286) |
Balance at March 31, 2023 | $ | 37,089 |  |  | $ | 1,848 |  |  | $ | 1,645 |
Three Months Ended March 31, 2022 |  |  |  |  |
Balance at December 31, 2021 | $ | 7,037 |  |  | $ | — |  |  | $ | 2,292 |
Provision for credit losses(2) | 11,977 |  |  | 984 |  |  | (591) |
Allowance for PCD loans(4) | — |  |  | 382 |  |  | — |
Write-offs charged against the allowance | (2,514) |  |  | — |  |  | (49) |
Balance at March 31, 2022 | $ | 16,500 |  |  | $ | 1,366 |  |  | $ | 1,652 |
_____________________ (1)Credit cards and commercial and consumer banking loans measured at amortized cost, net of allowance for credit losses, are presented within loans held for investment in the condensed consolidated balance sheets. Accounts receivable balances, net of allowance for credit losses, are presented within other assets in the condensed consolidated balance sheets. (2)The provision for credit losses on credit cards and commercial and consumer banking loans is presented within noninterest expense—provision for credit losses in the condensed consolidated statements of operations and comprehensive income (loss). There were immaterial recoveries of amounts previously reserved related to credit cards and commercial and consumer banking loans during the three months ended March 31, 2023 and 2022. The provision for credit losses on accounts receivable is presented within noninterest expense—general and administrative in the condensed consolidated statements of operations and comprehensive income (loss). During the three months ended March 31, 2023 and 2022, recoveries of amounts previously reserved related to accounts receivable were $1,161 and $1,392, respectively. (3)The increase in credit card write-offs charged against the allowance during the three months ended March 31, 2023 relative to the corresponding period in 2022 was primarily related to our maturing portfolio. (4)In connection with the Bank Merger, we obtained purchased credit deteriorated (“PCD”) loans, for which we measured an allowance, with a corresponding increase to the amortized cost basis as of the acquisition date. Therefore, recognition of the initial allowance for credit losses did not impact earnings.

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- Definition Tabular disclosure of allowance for credit loss on accounts receivable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 13 -URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919249-210447 + Details
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- Definition Tabular disclosure of allowance for credit loss on financing receivable. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -URI https://asc.fasb.org/extlink&oid=123577603&loc=SL6953423-111524 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 13 -URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919249-210447 + Details
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