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Loans Receivable | 12 Months Ended
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Dec. 31, 2021
Receivables [Abstract] |
Loans Receivable | LOANS RECEIVABLE The following is a summary of the Company’s loans receivable, net:
| December 31,
(In Thousands) | 2021 |  | 2020
Loans Receivable, Gross | $ | 172,615 |  |  | $ | 131,422 |
Unamortized Fees | (12,511) |  |  | (10,147) |
Loans Receivable, Amortized Cost | 160,104 |  |  | 121,275 |
Allowance for Loan Losses | (40,789) |  |  | (42,127) |
Loans Receivable, Net of Allowances and Unamortized Fees 1 | $ | 119,315 |  |  | $ | 79,148 |
1 Loans Receivable, Net of Allowances and Unamortized Fees attributable to Four was $1.5 million and zero as of December 31, 2021 and 2020, respectively. The table below presents credit quality indicators of the amortized cost of the Company's loans receivable by origination year:
(In Thousands) |  |  |  |  |  |  |  |  |  |  |  |  |
As of December 31, 2021 | 2021 |  | 2020 |  | 2019 |  | 2018 |  | 2017 |  | Prior |  | Total
FICO Score Category: |  |  |  |  |  |  |  |  |  |  |  |  |
600 or Less | $ | 9,353 |  |  | $ | 2,459 |  |  | $ | 700 |  |  | $ | 209 |  |  | $ | 35 |  |  | $ | 29 |  |  | $ | 12,785 |
Between 600 and 700 | 86,487 |  |  | 25,350 |  |  | 7,506 |  |  | 2,409 |  |  | 1,667 |  |  | 1,524 |  |  | 124,943 |
700 or Greater | 14,886 |  |  | 3,146 |  |  | 737 |  |  | 432 |  |  | 248 |  |  | 388 |  |  | 19,837 |
No Score Identified | 2,539 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2,539 |
Total Amortized Cost | $ | 113,265 |  |  | $ | 30,955 |  |  | $ | 8,943 |  |  | $ | 3,050 |  |  | $ | 1,950 |  |  | $ | 1,941 |  |  | $ | 160,104 |
Included in the table below is an aging of the loans receivable, gross balance:
(Dollar Amounts in Thousands) | December 31,
Aging Category | 2021 |  | 2020
30-59 Days Past Due | 6.3 | % |  | 5.7 | %
60-89 Days Past Due | 3.1 | % |  | 2.6 | %
90 or More Days Past Due | 4.0 | % |  | 3.1 | %
Past Due Loans Receivable | 13.4 | % |  | 11.4 | %
Current Loans Receivable | 86.6 | % |  | 88.6 | %
Balance of Credit Card Loans on Nonaccrual Status | $ | 3,527 |  | $ | 1,962
Balance of Loans Receivable 90 or More Days Past Due and Still Accruing Interest and Fees | $ | — |  |  | $ | — |
The table below presents the components of the allowance for loan losses:
| Year Ended December 31,
(In Thousands) | 2021 |  | 2020
Beginning Balance | $ | 42,127 |  |  | $ | 14,911 |
CECL Transition Adjustment 1 | — |  |  | 9,463 |
Provision for Loan Losses | 17,668 |  |  | 34,038 |
Charge-offs | (22,881) |  |  | (19,504) |
Recoveries | 3,875 |  |  | 3,219 |
Ending Balance | $ | 40,789 |  |  | $ | 42,127 |
1 Upon the January 1, 2020 adoption of CECL as described in Note 1 to these consolidated financial statements, the Company increased its allowance for loan losses by $9.5 million. The increase was recorded as a cumulative-effect non-cash adjustment of $6.7 million, net of tax, to the opening balance of the Company's 2020 retained earnings.

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- Definition The entire disclosure for financing receivable. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -URI http://asc.fasb.org/subtopic&trid=2196772 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=2196816 + Details
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