XML 43 R21.htm IDEA: XBRL DOCUMENT v3.2.0.727

ALLOWANCE FOR LOAN LOSSES (Tables)

3 Months Ended

Jun. 30, 2015

Receivables [Abstract]

Summary of changes in the allowance for loan losses

The following is a summary of the changes in the allowance for loan losses for the periods indicated:

	Three months ended June 30,
	2015				2014
Balance at beginning of period	$	70,437,988			63,254,940
Provision for loan losses	26,228,009				30,893,266
Loan losses	(29,875,432		)		(29,820,547	)
Recoveries (1)	5,374,848				3,512,797
Translation adjustment	(205,444		)		44,771
Balance at end of period	$	71,959,969			67,885,227

Summary of loans individually and collectively evaluated for impairment

The following is a summary of loans individually and collectively evaluated for impairment for the period indicated:

June 30, 2015	Loans individually evaluated for impairment (impaired loans)				Loans collectively evaluated for impairment			Total
Gross loans in bankruptcy, excluding contractually delinquent	$	4,692,823			—			4,692,823
Gross loans contractually delinquent	47,139,095				—			47,139,095
Loans not contractually delinquent and not in bankruptcy	—				1,098,836,752			1,098,836,752
Gross loan balance	51,831,918				1,098,836,752			1,150,668,670
Unearned interest, insurance and fees	(12,820,008		)		(301,349,989	)		(314,169,997	)
Net loans	39,011,910				797,486,763			836,498,673
Allowance for loan losses	(34,518,532		)		(37,441,437	)		(71,959,969	)
Loans, net of allowance for loan losses	$	4,493,378			760,045,326			764,538,704

March 31, 2015	Loans individually evaluated for impairment (impaired loans)				Loans collectively evaluated for impairment			Total
Gross loans in bankruptcy, excluding contractually delinquent	$	4,821,691			—			4,821,691
Gross loans contractually delinquent	48,262,853				—			48,262,853
Loans not contractually delinquent and not in bankruptcy	—				1,057,060,538			1,057,060,538
Gross loan balance	53,084,544				1,057,060,538			1,110,145,082
Unearned interest, insurance and fees	(13,115,117		)		(284,287,287	)		(297,402,404	)
Net loans	39,969,427				772,773,251			812,742,678
Allowance for loan losses	(35,352,658		)		(35,085,330	)		(70,437,988	)
Loans, net of allowance for loan losses	$	4,616,769			737,687,921			742,304,690

June 30, 2014	Loans individually evaluated for impairment (impaired loans)				Loans collectively evaluated for impairment			Total
Gross loans in bankruptcy, excluding contractually delinquent	$	5,606,311			—			5,606,311
Gross loans contractually delinquent	30,213,323				—			30,213,323
Loans not contractually delinquent and not in bankruptcy	—				1,128,548,274			1,128,548,274
Gross loan balance	35,819,634				1,128,548,274			1,164,367,908
Unearned interest, insurance and fees	(7,472,523		)		(308,033,845	)		(315,506,368	)
Net loans	28,347,111				820,514,429			848,861,540
Allowance for loan losses	(22,979,068		)		(44,906,159	)		(67,885,227	)
Loans, net of allowance for loan losses	$	5,368,043			775,608,270			780,976,313

Assessment of the credit quality

The following is an assessment of the credit quality for the period indicated:

	June 30, 2015				March 31, 2015			June 30, 2014
Credit risk
Consumer loans- non-bankrupt accounts	$	1,145,206,726			1,104,179,016			1,158,372,205
Consumer loans- bankrupt accounts	5,461,944				5,966,066			5,995,703
Total gross loans	$	1,150,668,670			1,110,145,082			1,164,367,908
Consumer credit exposure
Credit risk profile based on payment activity, performing	$	1,076,373,327			1,032,984,546			1,099,149,267
Contractual non-performing, 61 or more days delinquent (1)	74,295,343				77,160,536			65,218,641
Total gross loans	$	1,150,668,670			1,110,145,082			1,164,367,908
Delinquent refinance	$	24,677,336			23,957,779			23,857,699
Credit risk profile based on customer type
New borrower	$	141,644,702			146,376,318			152,914,153
Former borrower	126,619,807				110,149,558			122,171,469
Refinance	857,726,825				829,661,427			865,424,587
Delinquent refinance	24,677,336				23,957,779			23,857,699
Total gross loans	$	1,150,668,670			1,110,145,082			1,164,367,908

Summary of the past due receivables

The following is a summary of the past due receivables as of:

	June 30, 2015				March 31, 2015			June 30, 2014
Contractual basis:
30-60 days past due	$	41,190,574			43,663,540			42,501,987
61-90 days past due	24,566,924				26,027,649			32,171,291
91 days or more past due	49,728,419				51,132,887			33,047,350
Total	$	115,485,917			120,824,076			107,720,628
Percentage of period-end gross loans receivable	10.0		%		10.9	%		9.3	%

X

- Definition

Tabular disclosure of financing receivables (examples of financing receivables include loans, trade accounts receivable and notes receivable) and activity in the allowance for credit losses account.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef



-Publisher FASB



-Name Accounting Standards Codification



-Topic 310



-SubTopic 10



-Section 50



-Paragraph 11B



-URI http://asc.fasb.org/extlink&oid=35738203&loc=SL6953423-111524

+ Details

Name:	us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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/2003/role/presentationRef



-Publisher FASB



-Name Accounting Standards Codification



-Topic 310



-SubTopic 10



-Section 55



-Paragraph 19



-URI http://asc.fasb.org/extlink&oid=32702940&loc=SL6953803-111525



Reference 2: http://www.xbrl.org/2003/role/presentationRef



-Publisher FASB



-Name Accounting Standards Codification



-Topic 310



-SubTopic 10



-Section 50



-Paragraph 29



-URI http://asc.fasb.org/extlink&oid=35738203&loc=SL6953659-111524

+ Details

Name:	us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of impaired financing receivables.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef



-Publisher FASB



-Name Accounting Standards Codification



-Topic 310



-SubTopic 10



-Section 50



-Paragraph 15



-URI http://asc.fasb.org/extlink&oid=35738203&loc=d3e5212-111524

+ Details

Name:	us-gaap_ImpairedFinancingReceivablesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of financing receivables that are past due but not impaired, financing receivables that are 90 days past due and still accruing, and financing receivables on nonaccrual status.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef



-Publisher FASB



-Name Accounting Standards Codification



-Topic 310



-SubTopic 10



-Section 50



-Paragraph 7



-URI http://asc.fasb.org/extlink&oid=35738203&loc=d3e5111-111524



Reference 2: http://www.xbrl.org/2003/role/presentationRef



-Publisher FASB



-Name Accounting Standards Codification



-Topic 310



-SubTopic 10



-Section 50



-Paragraph 7A



-URI http://asc.fasb.org/extlink&oid=35738203&loc=SL6953401-111524

+ Details

Name:	us-gaap_PastDueFinancingReceivablesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_ReceivablesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration