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Loans Receivable (Tables) | 12 Months Ended
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Dec. 31, 2021
Receivables [Abstract] |
Schedule of the Components of Loans Receivable, Net | 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.
Loan Portfolio Credit Quality Indicators | Below is a summary of the credit quality of the Company’s loan portfolio as of December 31, 2021 and 2020 by FICO score as determined at the time of loan origination:
| December 31,
FICO Score Category | 2021 |  | 2020
600 or Less | 7.7 | % |  | 7.5 | %
Between 600 and 700 | 78.0 | % |  | 79.3 | %
700 or Greater | 12.7 | % |  | 13.2 | %
No Score Identified | 1.6 | % |  | — | %
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 |
Aging of the Loans Receivable Balance | 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 | $ | — |  |  | $ | — |
Allowance for Loan Losses | 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 Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=124255953&loc=SL82919230-210447 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=123577603&loc=SL6953659-111524 + Details
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- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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