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Credit Card Receivables

12 Months Ended

Dec. 31, 2025

6.Credit Card Receivables

The following table summarizes gross credit card receivables, before allowance for credit losses, by geography (in thousands):


	As of December 31,			As of December 31,
	2025			2024
United States		8,615			7,470
Canada		9,480			11,613
Total	$	18,095		$	19,083

The Company places credit card receivables on nonaccrual status when the credit card receivables are greater than 90 days past due or within 60 days of being notified that the customer is in bankruptcy status, whichever is earlier.

The below tables present the information on the Company’s past due and non-accrual credit card receivables as of December 31, 2025, and 2024.

Age analysis of past-due credit card receivables at December 31, 2025 (in thousands)


																			Amortized Cost
										Total									> 90 DPD and
($ in 000s)	30-59			60-89			>90			Past Due			Current			Total			Accruing ⁽¹⁾
United States	$	323		$	210		$	588		$	1,121		$	7,494		$	8,615		$	—
Canada		232			130			333			695			8,786			9,480			—
Total	$	554		$	340		$	921		$	1,815		$	16,280		$	18,095		$	—

Age analysis of past-due credit card receivables at December 31, 2024 (in thousands)


																			Amortized Cost
										Total									> 90 DPD and
($ in 000s)	30-59			60-89			>90			Past Due			Current			Total			Accruing ⁽¹⁾
United States	$	196		$	177		$	551		$	924		$	6,546		$	7,470		$	—
Canada		281			157			339			777			10,836			11,613			—
Total	$	477		$	334		$	890		$	1,701		$	17,382		$	19,083		$	—

Allowance for Credit Losses

The following table summarizes the change in the allowance for credit losses for the Company’s credit card receivables portfolio (in thousands).


	United States		Canada			Total
Balance as of December 31, 2023	$	1,109	$	1,104	$	2,213
Charge-offs		(2,028)		(1,775)		(3,803)
Provision		1,876		1,621		3,497
Balance as of December 31, 2024	$	957	$	950	$	1,907
Charge-offs		(1,857)		(1,465)		(3,323)
Recoveries		329		509		838
Provision		1,579		782		2,361
Balance as of December 31, 2025	$	1,008	$	775	$	1,784

Non-Accrual Loans

The following table presents non-accrual loans by segment (in thousands).


	As of December 31, 2025						As of December 31, 2024
				Nonaccrual						Nonaccrual
				with No						with No
	Nonaccrual			Allowance			Nonaccrual			Allowance
United States	$	588		$	—		$	551		$	—
Canada		333			—			339			—
Total	$	921		$	—		$	890		$	—

No interest income was recorded for the non-accrual receivables for the year ended December 31, 2025.