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Loans Held for Sale
 12 Months Ended
Dec. 31, 2024
Receivable, Held-for-Sale [Abstract]  
Loans Held for Sale LOANS HELD FOR SALE
The composition of loans held for sale as of December 31, 2024 and 2023 was as follows:
 December 31,
(amounts in thousands)20242023
Residential mortgage loans, at fair value$1,836 $1,215 
Personal installment loans, at lower of cost or fair value40,903 151,040 
Other installment loans, at fair value162,055 188,062 
Loans held for sale$204,794 $340,317 
Total loans held for sale included non-performing loans (“NPLs”) of $2.8 million and $0.5 million as of December 31, 2024 and 2023, respectively.
During the year ended December 31, 2023, Customers sold $556.7 million of personal and other installment loans that were classified as held for sale, inclusive of $154.0 million of other installment loans transferred from held for investment to held for sale, accrued interest and unamortized deferred loan origination costs to two third-party sponsored VIEs. Customers provided financing to the purchasers for a portion of the sales price in the form of $436.8 million of asset-backed securities while $115.1 million of the remaining sales proceeds were paid in cash.
During the year ended December 31, 2024, Customers sold $202.5 million of personal and other installment loans that were classified as held for sale, inclusive of $53.0 million of personal installment loans transferred from held for investment to held for sale, accrued interest and unamortized deferred loan origination costs to two third-party sponsored VIEs. Customers provided financing to the purchasers for a portion of the sales price in the form of $160.0 million of asset-backed securities while $40.2 million of the remaining sales proceeds were paid in cash. Refer to NOTE 5 – INVESTMENT SECURITIES for additional information.