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LOANS RECEIVABLE
 3 Months Ended
Mar. 31, 2025
Receivables [Abstract]  
LOANS RECEIVABLE LOANS RECEIVABLE
The following is a summary of the Company’s loans receivable, net:
(In Thousands)March 31, 2025December 31, 2024
Loans Receivable, Gross$191,977 $204,327 
   Unamortized Fees(9,202)(9,559)
Loans Receivable, Amortized Cost182,775 194,768 
   Allowance for Loan Losses(47,364)(47,783)
Loans Receivable, Net of Allowances and Unamortized Fees1
$135,411 $146,985 
1 Loans Receivable, Net of Allowances and Unamortized Fees attributable to Four was $27.0 million and $34.9 million as of March 31, 2025 and December 31, 2024, respectively.
Vive extends or declines credit to an applicant through its bank partners based primarily upon the applicant's credit rating and other factors. Four extends or declines credit on an individual transaction basis using its proprietary decisioning platform, without using customer credit ratings. Four instead uses an internal model that utilizes factors such as banking data and user history to generate internal proprietary risk scores. Four groups its internal risk scores into three categories that range from A to C, with an A rating representing the highest credit quality. Below is a summary of the credit quality of the Company's loan portfolio as of March 31, 2025 and December 31, 2024 by FICO score and proprietary risk category, as determined at the time of loan origination:
FICO Score CategoryMarch 31, 2025December 31, 2024
Vive - FICO Score Category:
700 or greater13.2 %12.8 %
Between 700 and 60076.1 %76.9 %
600 or less10.7 %10.3 %
Four - Proprietary Risk Category:
Category A29.6 %26.9 %
Category B44.7 %48.6 %
Category C25.7 %24.5 %
The table below presents credit quality indicators of the amortized cost of the Company's loans receivable by origination year:
As of March 31, 2025 (In Thousands)
20252024
2023 and Prior
Revolving LoansTotal
Vive - FICO Score Category:
700 or greater$— $— $— $18,391 $18,391 
Between 700 and 600— — — 108,967 108,967 
600 or less— — — 15,314 15,314 
Four - Propriety Risk Category:
Category A9,974 501 — — 10,475 
Category B13,922 1,900 — — 15,822 
Category C7,619 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 
Included in the table below is an aging of the loans receivable, gross balance:
(Dollar Amounts in Thousands)
Aging CategoryMarch 31, 2025December 31, 2024
30-59 Days Past Due6.2 %7.7 %
60-89 Days Past Due3.6 %3.8 %
90 or More Days Past Due6.2 %4.9 %
Past Due Loans Receivable16.0 %16.4 %
Current Loans Receivable84.0 %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
$— $— 
The table below presents the components of the allowance for loan losses:
Three Months Ended March 31,
(In Thousands)20252024
Beginning Balance$47,783 $40,620 
Provision for Loan Losses14,362 11,049 
Charge-offs(17,315)(14,423)
Recoveries2,534 1,751 
Ending Balance$47,364 $38,997