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LOANS RECEIVABLE (Tables) | 3 Months Ended
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Mar. 31, 2025
Receivables [Abstract] |
Schedule of Company’s Loans Receivable, Net | The following is a summary of the Company’s loans receivable, net:
(In Thousands) | March 31, 2025 |  | December 31, 2024
Loans Receivable, Gross | $ | 191,977 |  |  | $ | 204,327 |
Unamortized Fees | (9,202) |  |  | (9,559) |
Loans Receivable, Amortized Cost | 182,775 |  |  | 194,768 |
Allowance for Loan Losses | (47,364) |  |  | (47,783) |
Loans Receivable, Net of Allowances and Unamortized Fees 1 | $ | 135,411 |  |  | $ | 146,985 |
1 Loans Receivable, Net of Allowances and Unamortized Fees attributable to Four was $27.0 million and $34.9 million as of March 31, 2025 and December 31, 2024, respectively.
Schedule of Credit Quality Indicators of Amortized Cost | Below is a summary of the credit quality of the Company's loan portfolio as of March 31, 2025 and December 31, 2024 by FICO score and proprietary risk category, as determined at the time of loan origination:
FICO Score Category | March 31, 2025 |  | December 31, 2024
Vive - FICO Score Category: |  |  |
700 or greater | 13.2 | % |  | 12.8 | %
Between 700 and 600 | 76.1 | % |  | 76.9 | %
600 or less | 10.7 | % |  | 10.3 | %
Four - Proprietary Risk Category: |  |  |
Category A | 29.6 | % |  | 26.9 | %
Category B | 44.7 | % |  | 48.6 | %
Category C | 25.7 | % |  | 24.5 | %
The table below presents credit quality indicators of the amortized cost of the Company's loans receivable by origination year:
As of March 31, 2025 (In Thousands) | 2025 |  | 2024 |  | 2023 and Prior |  | Revolving Loans |  | Total
Vive - FICO Score Category: |  |  |  |  |  |  |  |  |
700 or greater | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 18,391 |  |  | $ | 18,391 |
Between 700 and 600 | — |  |  | — |  |  | — |  |  | 108,967 |  |  | 108,967 |
600 or less | — |  |  | — |  |  | — |  |  | 15,314 |  |  | 15,314 |
Four - Propriety Risk Category: |  |  |  |  |  |  |  |  |
Category A | 9,974 |  |  | 501 |  |  | — |  |  | — |  |  | 10,475 |
Category B | 13,922 |  |  | 1,900 |  |  | — |  |  | — |  |  | 15,822 |
Category C | 7,619 |  |  | 1,494 |  |  | — |  |  | — |  |  | 9,113 |
No Score Identified | 4,693 |  |  | — |  |  | — |  |  | — |  |  | 4,693 |
Total Amortized Cost | $ | 36,208 |  |  | $ | 3,895 |  |  | $ | — |  |  | $ | 142,672 |  |  | $ | 182,775 |
Gross Charge-offs by Origination Year for the Three Months Ended March 31, 2025 | $ | 296 |  |  | $ | 5,751 |  |  | $ | — |  |  | $ | 11,268 |  |  | $ | 17,315 |
Schedule of Aging of the Loans Receivable Gross Balance | Included in the table below is an aging of the loans receivable, gross balance:
(Dollar Amounts in Thousands) |  |  |
Aging Category | March 31, 2025 |  | December 31, 2024
30-59 Days Past Due | 6.2 | % |  | 7.7 | %
60-89 Days Past Due | 3.6 | % |  | 3.8 | %
90 or More Days Past Due | 6.2 | % |  | 4.9 | %
Past Due Loans Receivable | 16.0 | % |  | 16.4 | %
Current Loans Receivable | 84.0 | % |  | 83.6 | %
Balance of Credit Card Loans on Nonaccrual Status | $ | 4,044 |  |  | $ | 4,793 |
Balance of Loans Receivable Greater than 90 Days Past Due and Still Accruing Interest and Fees | $ | — |  |  | $ | — |
Schedule of Components of Allowance for Loan Losses | The table below presents the components of the allowance for loan losses:
| Three Months Ended March 31,
(In Thousands) | 2025 |  | 2024
Beginning Balance | $ | 47,783 |  |  | $ | 40,620 |
Provision for Loan Losses | 14,362 |  |  | 11,049 |
Charge-offs | (17,315) |  |  | (14,423) |
Recoveries | 2,534 |  |  | 1,751 |
Ending Balance | $ | 47,364 |  |  | $ | 38,997 |

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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://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 29 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-29 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-5 + Details
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