<SEC-DOCUMENT>0001157523-16-006277.txt : 20160728
<SEC-HEADER>0001157523-16-006277.hdr.sgml : 20160728
<ACCEPTANCE-DATETIME>20160728073728
ACCESSION NUMBER:		0001157523-16-006277
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20160728
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20160728
DATE AS OF CHANGE:		20160728

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			WORLD ACCEPTANCE CORP
		CENTRAL INDEX KEY:			0000108385
		STANDARD INDUSTRIAL CLASSIFICATION:	PERSONAL CREDIT INSTITUTIONS [6141]
		IRS NUMBER:				570425114
		STATE OF INCORPORATION:			SC
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-19599
		FILM NUMBER:		161788379

	BUSINESS ADDRESS:	
		STREET 1:		108 FREDRICK STREET
		CITY:			GREENVILLE
		STATE:			SC
		ZIP:			29607
		BUSINESS PHONE:		8642989800

	MAIL ADDRESS:	
		STREET 1:		P O BOX 6429
		CITY:			GREENVILLE
		STATE:			SC
		ZIP:			29606

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	WORLD FINANCE CORP
		DATE OF NAME CHANGE:	19700210
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a51390547.htm
<DESCRIPTION>WORLD ACCEPTANCE CORPORATION 8-K
<TEXT>
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      <br>
      <font style="font-size: 14pt"><b>UNITED STATES</b></font><font style="font-size: 14pt"><br style="font-size: 14pt"></font><font style="font-size: 14pt"><b>SECURITIES
      AND EXCHANGE COMMISSION</b></font><br><font style="font-size: 12pt"><b>Washington,
      D.C. 20549</b></font>
    </p>
    <p style="text-align: center">
      <br>
      <font style="font-size: 14pt"><b>FORM 8-K</b></font><br><br><font style="font-size: 12pt"><b>CURRENT
      REPORT</b></font><br><font style="font-size: 12pt"><b>Pursuant to
      Section 13 OR 15(d) of The Securities Exchange Act of 1934</b></font>
    </p>
    <p style="text-align: center">

    </p>
<div style="text-align:left">
    <table style="margin-bottom: 10.0px; font-family: Times New Roman; width: 100%; font-size: 10pt" cellspacing="0">
      <tr>
        <td valign="top" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left; width: 45%">
          <p style="font-size: 10pt">
            Date of Report (Date of earliest event reported)
          </p>
        </td>
        <td valign="top" style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: left; width: 55%">
          <p style="font-size: 10pt">
            <font style="font-size: 10pt; font-family: Times New Roman">July
            28, 2016</font>
          </p>
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="margin-bottom: 10.0px; font-family: Times New Roman; width: 100%; font-size: 10pt" cellspacing="0">
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          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center">
          <p style="font-size: 10pt">
            <font style="font-size: 12pt">WORLD ACCEPTANCE CORPORATION</font>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: center">
          <p style="font-size: 10pt">
            (Exact name of registrant as specified in its charter)
          </p>
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="margin-bottom: 10.0px; font-family: Times New Roman; width: 100%; font-size: 10pt" cellspacing="0">
      <tr>
        <td style="width: 33%">

        </td>
        <td style="width: 34%">

        </td>
        <td style="width: 33%">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; width: 33%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            South Carolina
          </p>
        </td>
        <td valign="bottom" style="border-bottom-style: solid; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; width: 34%; white-space: nowrap">
          <p style="margin-bottom: 0px; margin-top: 0px">
            0-19599
          </p>
        </td>
        <td valign="bottom" style="border-bottom-style: solid; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; width: 33%; white-space: nowrap">
          <p style="margin-bottom: 0px; margin-top: 0px">
            57-0425114
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: center; width: 33%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (State or other jurisdiction
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            of incorporation)
          </p>
        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: center; width: 34%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (Commission
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            File Number)
          </p>
        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: center; width: 33%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (IRS Employer
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            Identification No.)
          </p>
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="margin-bottom: 10.0px; font-family: Times New Roman; width: 100%; font-size: 10pt" cellspacing="0">
      <tr>
        <td style="width: 50%">

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 50%">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: left; width: 50%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            108 Frederick Street, Greenville, South Carolina
          </p>
        </td>
        <td valign="bottom" style="border-bottom-style: solid; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; width: 50%; white-space: nowrap">
          <p style="margin-bottom: 0px; margin-top: 0px">
            29607 &#160;&#160;&#160;&#160;&#160;
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left; width: 50%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-size: 10pt; font-family: Times New Roman">(Address
            of principal executive offices)</font>
          </p>
        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; width: 50%">
          <font style="font-size: 10pt; font-family: Times New Roman">(Zip
          Code)</font>
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="margin-bottom: 10.0px; font-family: Times New Roman; width: 100%; font-size: 10pt" cellspacing="0">
      <tr>
        <td style="width: 45%">

        </td>
        <td style="width: 55%">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left; width: 45%">
          <p style="font-size: 10pt">
            Registrant&#8217;s telephone number, including area code
          </p>
        </td>
        <td valign="top" style="border-bottom-style: solid; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: left; width: 55%; white-space: nowrap">
          <p style="font-size: 10pt">
            (864) 298-9800
          </p>
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="margin-bottom: 10.0px; font-family: Times New Roman; width: 100%; font-size: 10pt" cellspacing="0">
      <tr>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-style: solid; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; white-space: nowrap">
          <p style="font-size: 10pt">
            n/a
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: center">
          <p style="font-size: 10pt">
            (Former name or former address, if changed since last report.)
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <p>
      <font style="font-size: 10pt; font-family: Times New Roman">Check the
      appropriate box below if the Form 8-K filing is intended to
      simultaneously satisfy the filing obligation of the registrant under any
      of the following provisions:</font>
    </p>
    <p>
      <font style="font-size: 12pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font>
    </p>
    <p>
      <font style="font-size: 12pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font>
    </p>
    <p>
      <font style="font-size: 12pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font>
    </p>
    <p>
      <font style="font-size: 12pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font>
    </p>
    <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt; margin-bottom: 10pt; width: 100%">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <br>
      <b>Item 2.02 Results of Operations and Financial Condition; and</b>
    </p>
    <p style="text-align: justify">
      On July 28, 2016, World Acceptance Corporation (&quot;WRLD&quot;) issued a press
      release announcing financial information for its first quarter ended
      June 30, 2016.&#160;&#160;The press release is attached as Exhibit&#160;99.1 to this
      Form&#160;8-K and is furnished to, but not filed with, the Commission.
    </p>
    <p>
      <b>Item 9.01 Financial Statements and Exhibits.</b>
    </p>
<div style="text-align:left">
    <table style="margin-bottom: 10.0px; font-family: Times New Roman; width: 100%; font-size: 10pt" cellspacing="0">
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 6%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (d)
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 14%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Exhibits.
          </p>
        </td>
        <td style="width: 80%">

        </td>
      </tr>
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 14%">

        </td>
        <td style="width: 80%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 6%">

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 14%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>Exhibit Number</u>
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 80%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>Description of Exhibit</u>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 6%">

        </td>
        <td valign="top" style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; width: 14%; white-space: nowrap">
          <p style="margin-bottom: 0px; margin-top: 0px">
            99.1
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 80%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Press release issued July 28, 2016
          </p>
        </td>
      </tr>
    </table>
    </div>
    <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt; margin-bottom: 10pt; width: 100%">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="text-align: center">
      <br>
      <u><font style="font-size: 10pt; font-family: Times New Roman"><b>SIGNATURES</b></font></u>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Times New Roman">Pursuant to
      the requirements of the Securities Exchange Act of 1934, the registrant
      has duly caused this report to be signed on its behalf by the
      undersigned hereunto duly authorized.</font>
    </p>
<div style="text-align:left">
    <table style="margin-bottom: 10.0px; font-family: Times New Roman; width: 100%; font-size: 10pt" cellspacing="0">
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 35%">

        </td>
        <td valign="top" style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center" colspan="2">
          <p style="margin-bottom: 0px; margin-top: 0px">
            WORLD ACCEPTANCE CORPORATION
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 35%">

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: center" colspan="2">
          (Registrant)
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 6%">

        </td>
        <td style="width: 35%">

        </td>
        <td style="width: 4%">

        </td>
        <td style="width: 55%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 35%">

        </td>
        <td style="width: 4%">

        </td>
        <td style="width: 55%">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left; width: 6%">
          Date:
        </td>
        <td valign="top" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left; width: 35%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            July 28, 2016
          </p>
        </td>
        <td valign="top" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left; width: 4%">
          By:
        </td>
        <td valign="top" style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: left; width: 55%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            /s/ John Calmes
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 35%">

        </td>
        <td style="width: 4%">

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 55%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            John Calmes
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 35%">

        </td>
        <td style="width: 4%">

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 55%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Chief Financial Officer
          </p>
        </td>
      </tr>
    </table>
    </div>
    <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt; margin-bottom: 10pt; width: 100%">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="text-align: center">
      <u><font style="font-size: 10pt; font-family: Times New Roman">EXHIBIT
      INDEX</font></u>
    </p>
    <p style="text-align: left">

    </p>
<div style="text-align:left">
    <table style="margin-bottom: 10.0px; font-family: Times New Roman; width: 100%; font-size: 10pt" cellspacing="0">
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 15%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>Exhibit</u>
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 85%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>Description</u>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 15%">

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 85%">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; width: 15%; white-space: nowrap">
          <p style="margin-bottom: 0px; margin-top: 0px">
            99.1
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 85%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Press Release dated July 28, 2016
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: left">

    </p>
  </body>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a51390547ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<html>
  <head>
    <title></title>
<!--Copyright 2016 Business Wire, a Berkshire Hathaway company.-->
<!--All rights reserved www.businesswire.com-->
  </head>
  <body style="font-family: Times New Roman; font-size: 8pt">
    <p style="text-align: right">
      <b>Exhibit 99.1</b>
    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>World
      Acceptance Corporation Reports First Quarter</b></font>
    </p>
    <p>
      GREENVILLE, S.C.--(BUSINESS WIRE)--July 28, 2016--World Acceptance
      Corporation (NASDAQ:&#160;WRLD) today reported financial results for its
      first fiscal quarter ended June 30,&#160;2016.
    </p>
    <p>
      Net income for the first quarter decreased 29.7% to $16.6 million
      compared to $23.6 million for the same quarter of the prior year. Net
      income per diluted share decreased 30.1% to $1.89&#160;in the first quarter
      of fiscal 2017 compared to $2.71 in the prior year quarter.
    </p>
    <p>
      Total revenues decreased to $127.1 million for the first quarter of
      fiscal 2017, a 7.4% decrease from the $137.2 million reported for the
      first quarter last year. Revenues from the 1,285 offices open throughout
      both quarterly periods decreased by 6.1%. Interest and fee income
      decreased 7.2%, from $122.8 million to $114.0 million in the first
      quarter of fiscal 2017 primarily due to a decrease in average earning
      loans and an unfavorable move in exchange rates. Insurance and other
      income decreased by 9.4% to $13.0 million in the first quarter of fiscal
      2017 compared with $14.4 million in the first quarter of fiscal 2016.
      Further, there was a $800,000 decrease in insurance revenue. Insurance
      is primarily down due to a decrease in loan volume where our insurance
      products are available to the customer.
    </p>
    <p>
      Accounts in the US that were 61 days or more past due increased to 4.6%
      on a recency basis and to 6.2% on a contractual basis at June 30, 2016,
      compared to 4.2% and 5.8%, respectively, at June 30, 2015. On a
      consolidated basis, accounts that were 61 days or more past due
      increased to 4.8% on a recency basis and to 7.0% on a contractual basis
      at June 30, 2016, compared to 4.4% and 6.5%, respectively, at June 30,
      2015. As a result of the higher delinquencies, our allowance to net
      loans has increased from 8.6% at June 30, 2015, to 9.2% at June 30, 2016.
    </p>
    <p>
      As previously disclosed, the Company ceased all in-person visits
      effective December 18, 2015. During the fourth quarter of fiscal 2016,
      the Company experienced higher than normal delinquencies in January and
      February as well as higher than normal charge-offs, especially in the
      month of March, as accounts became more than 90 days past due. While we
      continue to see elevated net charge-offs and delinquencies, we believe
      that the impact of ceasing in-person visits is largely behind us from a
      credit quality standpoint. The provision for the quarter increased $5.8
      million over prior year quarter. The higher provision is primarily due
      to an increase in net charge-offs quarter over quarter. Net charge-offs
      as a percentage of average net loans on an annualized basis increased
      from 11.9% to 14.9% when comparing the two quarterly periods. The prior
      year net charge-off rate benefited from two monthly sales of accounts
      previously charged-off totaling approximately $1.8 million. Net
      charge-offs excluding the impact of the charge-off sale were up $2.7
      million.
    </p>
    <p>
      General and administrative expenses amounted to $62.9 million in the
      first fiscal quarter, a 6.8% decrease over the $67.6 million in the same
      quarter of the prior fiscal year. As a percentage of revenues, G&amp;A
      expenses increased from 49.2% during the first quarter of fiscal 2016 to
      49.5% during the current quarter. G&amp;A expenses per average open office
      decreased by 7.3% when comparing the two fiscal quarters. G&amp;A expense
      decreased primarily due to a decrease in personnel costs, other
      expenses, as well as advertising expense.
    </p>
    <p>
      Personnel expenses decreased $1.2 million despite the prior year
      benefiting from the release of expense previously accrued under the
      Group B performance based restricted stock awards. The release resulted
      in a decrease in personnel expenses of approximately $3.4 million.
      Personnel expenses in the prior year also benefited from the net release
      of accruals related to the resignation of a senior vice president and
      the retirement of the previous CEO. The net impact of the reversals on
      the prior year was $1.8 million.
    </p>
    <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt; margin-bottom: 10pt; width: 100%">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      Other expense decreased $2.7 million from the prior year. The Company
      recorded $1.2 million of expense related to a proposed bond offering in
      the prior year quarter. There was also a $600,000 reduction in mileage
      expense in the US. Advertising expense decreased $700,000 as a result of
      shifting our expected advertising spend to maximize response.
    </p>
    <p>
      Interest expense for the first quarter increased $100,000 compared to
      the first quarter of the prior year despite a 24.5% decrease in the
      average debt outstanding due to a 34.4% increase in the effective
      interest rate. The Company has reduced its outstanding debt by $128.6
      million as of June 30, 2016, compared to June 30, 2015. This is a result
      of not repurchasing shares during the fiscal year as well as a decrease
      in loans outstanding.
    </p>
    <p>
      The Company&#8217;s first quarter effective income tax rate decreased to 37.4%
      compared with 37.7% in the prior year&#8217;s first quarter.
    </p>
    <p>
      Gross loans decreased to $1.09 billion as of June 30, 2016, a 5.5%
      decrease from the $1.15 billion of loans outstanding as of June 30,
      2015. Gross loans in the US decreased 6.5%, and gross loans in Mexico
      increased 5.4% in US dollars. Gross loans in Mexico increased 24.4% in
      Mexican pesos. The shift in the mix of our loan portfolio from smaller
      loans to larger loans leveled off over the past 12 months and at June
      30, 2016, consisted of 60.4% small loans, 39.5% larger loans and 0.1%
      sales finance. This is compared to 60.4%, 39.0% and 0.6% at June 30,
      2015. Additionally, the overall 5.5% decrease in loan balances resulted
      from a 4.8% decrease in the number of accounts and a 0.7% decrease in
      average balances outstanding. The number of loans to first time and
      former borrowers was approximately 138,500 during the current quarter,
      which is down 0.6%, or 800 borrowers, compared to the same quarter of
      the prior fiscal year.
    </p>
    <p>
      Other key return ratios for the first quarter included a 9.3% return on
      average assets and a return on average equity of 21.5% (both on a
      trailing 12-month basis).
    </p>
    <p>
      We remain optimistic about our Mexican operations. We have approximately
      150,000 accounts and approximately $101.5 million in gross loans
      outstanding in Mexico. This represents a 5.4% increase in loan balances
      in US dollars over last year, and an increase of 24.4% in Mexican pesos
      over June 30, 2015. Annualized Mexican net charge-offs as a percent of
      average net loans decreased from 12.6% in fiscal 2016 to 10.3% during
      the current fiscal year. Additionally, our Mexican 61+ day delinquencies
      were 7.6% and 14.7% on a recency and contractual basis, respectively, as
      of June 30, 2016, a change from 6.3% and 13.4%, respectively, as of June
      30, 2015. Excluding intercompany charges of $1.1 million in fiscal 2016,
      fiscal 2017 Mexican pretax earnings amounted to $1.1 million, a 48.4%
      decrease from the $2.1 million in pretax earnings during fiscal 2016.
    </p>
    <p>
      <i><b>Other Matters</b></i>
    </p>
    <p>
      As previously disclosed, on August 7, 2015, the Company received a
      letter from the CFPB&#8217;s Enforcement Office notifying the Company that, in
      accordance with the CFPB&#8217;s discretionary Notice and Opportunity to
      Respond and Advise (&#8220;NORA&#8221;) process, the staff of CFPB&#8217;s Enforcement
      Office is considering recommending that the CFPB take legal action
      against the Company (the &#8220;NORA Letter&#8221;). The NORA Letter states that the
      staff of the CFPB&#8217;s Enforcement Office expects to allege that the
      Company violated the Consumer Financial Protection Act of 2010, 12
      U.S.C. &#167;5536. The NORA Letter confirms that the Company has the
      opportunity to make a NORA submission, which is a written statement
      setting forth any reasons of law or policy why the Company believes the
      CFPB should not take legal action against it. Following the CFPB&#8217;s NORA
      Letter, the Company made NORA submissions to the CFPB&#8217;s Enforcement
      Office. The Company understands that a NORA Letter is intended to ensure
      that potential subjects of enforcement actions have the opportunity to
      present their positions to the CFPB before an enforcement action is
      recommended or commenced. The Company continues to believe its
      historical and current business practices are lawful.
    </p>
    <p>
      <i><b>About World Acceptance Corporation</b></i>
    </p>
    <p>
      World Acceptance Corporation is one of the largest small-loan consumer
      finance companies, operating 1,324 offices in 15 states and Mexico.
    </p>
    <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt; margin-bottom: 10pt; width: 100%">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <i><b>First Quarter Conference Call</b></i>
    </p>
    <p>
      The senior management of World Acceptance Corporation will be discussing
      these results in its quarterly&#160;conference call to be held at 10:00 a.m.
      Eastern time today. A simulcast&#160;of the conference call&#160;will be&#160;available
      on the Internet at <u>https://www.webcaster4.com/Webcast/Page/1118/16161</u>.
      The call will be available for replay on the Internet for approximately
      30&#160;days.
    </p>
    <p>
      This press release may contain various &#8220;forward-looking statements&#8221;
      within the meaning of the Private Securities Litigation Reform Act of
      1995, that represent the Company&#8217;s expectations or beliefs concerning
      future events. Statements other than those of historical fact, as well
      as those identified by the words &#8220;anticipate,&#8221; &#8220;estimate,&#8221; &#8221;intend,&#8221;
      &#8220;plan,&#8221; &#8220;expect,&#8221; &#8221;project,&#8221; &#8220;believe,&#8221; &#8220;may,&#8221; &#8220;will,&#8221; &#8220;should,&#8221;
      &#8220;would,&#8221; &#8220;could&#8221; and any variation of the foregoing and similar
      expressions are forward-looking statements. Such forward-looking
      statements are about matters that are inherently subject to risks and
      uncertainties. Factors that could cause actual results or performance to
      differ from the expectations expressed or implied in such
      forward-looking statements include the following: recently enacted,
      proposed or future legislation and the manner in which it is
      implemented; the nature and scope of regulatory authority, particularly
      discretionary authority, that may be exercised by regulators, including,
      but not limited to, the Consumer Financial Protection Bureau (the
      &#8220;CFPB&#8221;), having jurisdiction over the Company&#8217;s business or consumer
      financial transactions generically; the unpredictable nature of
      regulatory proceedings and litigation; any determinations, findings,
      claims or actions made or taken by the CFPB, other regulators or third
      parties in connection with or resulting from the previously disclosed
      civil investigative demand (CID) or the notice and opportunity to
      respond and advise (NORA) letter from the CFPB that assert or establish
      that the Company&#8217;s lending practices or other aspects of its business
      violate applicable laws or regulations; the impact of changes in
      accounting rules and regulations, or their interpretation or
      application, which could materially and adversely affect the Company&#8217;s
      reported financial statements or necessitate material delays or changes
      in the issuance of the Company&#8217;s audited financial statements; the
      Company's assessment of its internal control over financial reporting,
      and the timing and effectiveness of the Company's efforts to remediate
      any reported material weakness in its internal control over financial
      reporting; changes in interest rates; risks related to expansion and
      foreign operations; risks inherent in making loans, including repayment
      risks and value of collateral; the timing and amount of revenues that
      may be recognized by the Company; changes in current revenue and expense
      trends (including trends affecting delinquencies and charge-offs); the
      potential impact of limitations in the Company&#8217;s amended revolving
      credit facility; and changes in the Company&#8217;s markets and general
      changes in the economy (particularly in the markets served by the
      Company). These and other factors are discussed in greater detail in
      Part I, Item 1A, &#8220;Risk Factors&#8221; in the Company&#8217;s most recent annual
      report on Form 10-K for the fiscal year ended March 31, 2016 filed with
      the Securities and Exchange Commission (&#8220;SEC&#8221;) and the Company&#8217;s other
      reports filed with, or furnished to, the SEC from time to time. World
      Acceptance Corporation does not undertake any obligation to update any
      forward-looking statements it makes. The Company is also not responsible
      for updating the information contained in this press release beyond the
      publication date, or for changes made to this document by wire services
      or Internet services.
    </p>
    <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt; margin-bottom: 10pt; width: 100%">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="margin-bottom: 10.0px; font-family: Times New Roman; width: 100%; font-size: 8pt" cellspacing="0">
      <tr>
        <td colspan="19">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="19">
          <b>World Acceptance Corporation</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: left" colspan="19">
          <b>Condensed Consolidated Statements of Operations</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: center" colspan="19">
          (unaudited and in thousands, except per share amounts)
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-right: 0.0px; padding-left: 0.0px; text-align: center; white-space: nowrap" colspan="7">
          <b>Three Months Ended</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="border-bottom-style: solid; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; white-space: nowrap" colspan="7">
          <b>June 30,</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-style: solid; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; white-space: nowrap" colspan="2">
          <b>2016</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-style: solid; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; white-space: nowrap" colspan="2">
          2015
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="2">
          Interest &amp; fees
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          <b>114,045</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          122,839
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" colspan="3">
          Insurance &amp; other
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-style: solid; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; white-space: nowrap">
          <b>13,035</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-style: solid; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; white-space: nowrap">
          14,386
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="3">
          Total revenues
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          <b>127,080</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          137,225
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="2">
          Expenses:
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="3">
          Provision for loan losses
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          <b>32,014</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          26,228
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="3">
          General and administrative expenses
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 25.0px; text-align: left" colspan="2">
          Personnel
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          <b>41,996</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          43,220
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 25.0px; text-align: left" colspan="2">
          Occupancy &amp; equipment
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          <b>10,502</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          10,393
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 25.0px; text-align: left" colspan="2">
          Advertising
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          <b>2,351</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          3,168
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 25.0px; text-align: left" colspan="2">
          Intangible amortization
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          <b>110</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          140
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-bottom: 2.0px; padding-left: 25.0px; text-align: left">
          Other
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-style: solid; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; white-space: nowrap">
          <b>7,989</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-style: solid; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; white-space: nowrap">
          10,647
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          <b>62,948</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          67,568
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" colspan="3">
          Interest expense
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-style: solid; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; white-space: nowrap">
          <b>5,587</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-style: solid; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; white-space: nowrap">
          5,472
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-bottom: 2.0px; padding-left: 25.0px; text-align: left" colspan="2">
          Total expenses
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-style: solid; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; white-space: nowrap">
          <b>100,549</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-style: solid; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; white-space: nowrap">
          99,268
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="3">
          Income before taxes
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          <b>26,531</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          37,957
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" colspan="2">
          Income taxes
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-style: solid; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; white-space: nowrap">
          <b>9,913</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-style: solid; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; white-space: nowrap">
          14,325
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left" colspan="2">
          Net income
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-bottom: 4.0px; padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="border-bottom-style: double; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; white-space: nowrap">
          <b>16,618</b>
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-bottom: 4.0px; padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="border-bottom-style: double; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; white-space: nowrap">
          23,632
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left" colspan="4">
          Diluted earnings per share
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-bottom: 4.0px; padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="border-bottom-style: double; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; white-space: nowrap">
          <b>1.89</b>
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-bottom: 4.0px; padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="border-bottom-style: double; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; white-space: nowrap">
          2.71
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left" colspan="4">
          Weighted average shares outstanding (diluted)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-style: double; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; white-space: nowrap">
          <b>8,770</b>
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-style: double; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; white-space: nowrap">
          8,712
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: left" colspan="19">
          <b>Condensed Consolidated Balance Sheets</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: center" colspan="19">
          (unaudited and in thousands)
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-right: 0.0px; padding-left: 0.0px; text-align: center; white-space: nowrap" colspan="2">
          <b>June 30,</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-right: 0.0px; padding-left: 0.0px; text-align: center; white-space: nowrap" colspan="2">
          March 31,
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-right: 0.0px; padding-left: 0.0px; text-align: center; white-space: nowrap" colspan="2">
          June 30,
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-style: solid; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; white-space: nowrap" colspan="2">
          <b>2016</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-style: solid; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; white-space: nowrap" colspan="2">
          2016
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-style: solid; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; white-space: nowrap" colspan="2">
          2015
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: center" colspan="4">
          <b>ASSETS</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Cash
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          <b>10,124</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          12,377
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          17,211
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="4">
          Gross loans receivable
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          <b>1,087,502</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          1,066,964
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          1,150,669
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="3">
          Less: Unearned interest &amp; fees
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          <b>(302,092</b>
        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap">
          <b>)</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          (290,659
        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          (314,170
        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" colspan="3">
          Allowance for loan losses
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-style: solid; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; white-space: nowrap">
          <b>(71,993</b>
        </td>
        <td valign="bottom" style="border-bottom-style: solid; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: left; white-space: nowrap">
          <b>)</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-style: solid; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; white-space: nowrap">
          (69,566
        </td>
        <td valign="bottom" style="border-bottom-style: solid; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: left; white-space: nowrap">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-style: solid; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; white-space: nowrap">
          (71,960
        </td>
        <td valign="bottom" style="border-bottom-style: solid; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: left; white-space: nowrap">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 25.0px; text-align: left" colspan="2">
          Loans receivable, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          <b>713,417</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          706,739
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          764,539
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="4">
          Property and equipment, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          <b>24,465</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          25,297
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          25,704
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="3">
          Deferred tax benefit
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          <b>39,339</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          38,131
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          37,482
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="2">
          Other assets
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          <b>14,157</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          14,637
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          17,429
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Goodwill
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          <b>6,121</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          6,121
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          6,121
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" colspan="2">
          Intangibles
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-style: solid; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; white-space: nowrap">
          <b>2,806</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-style: solid; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; white-space: nowrap">
          2,917
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-style: solid; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; white-space: nowrap">
          3,223
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-bottom: 4.0px; padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="border-bottom-style: double; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; white-space: nowrap">
          <b>810,429</b>
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-bottom: 4.0px; padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="border-bottom-style: double; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; white-space: nowrap">
          806,219
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-bottom: 4.0px; padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="border-bottom-style: double; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; white-space: nowrap">
          871,709
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: center" colspan="4">
          <b>LIABILITIES AND SHAREHOLDERS' EQUITY</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="7">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="2">
          Liabilities:
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="3">
          Notes payable
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          <b>360,360</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          374,685
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          488,950
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="3">
          Income tax payable
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          <b>18,413</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          8,259
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          18,589
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" colspan="3">
          Accounts payable and accrued expenses
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-style: solid; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; white-space: nowrap">
          <b>26,879</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-style: solid; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; white-space: nowrap">
          31,374
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-style: solid; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; white-space: nowrap">
          27,915
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 25.0px; text-align: left" colspan="2">
          Total liabilities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          <b>405,652</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          414,318
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          535,454
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" colspan="3">
          Shareholders' equity
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-style: solid; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; white-space: nowrap">
          <b>404,777</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-style: solid; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; white-space: nowrap">
          391,901
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-style: solid; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; white-space: nowrap">
          336,255
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-bottom: 4.0px; padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="border-bottom-style: double; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; white-space: nowrap">
          <b>810,429</b>
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-bottom: 4.0px; padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="border-bottom-style: double; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; white-space: nowrap">
          806,219
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-bottom: 4.0px; padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="border-bottom-style: double; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; white-space: nowrap">
          871,709
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt; margin-bottom: 10pt; width: 100%">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="margin-bottom: 10.0px; font-family: Times New Roman; width: 100%; font-size: 8pt" cellspacing="0">
      <tr>
        <td colspan="5">

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: left" colspan="14">
          <b>Selected Consolidated Statistics</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: center" colspan="14">
          (dollars in thousands)
        </td>
      </tr>
      <tr>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-right: 0.0px; padding-left: 0.0px; text-align: center; white-space: nowrap" colspan="6">
          <b>Three Months Ended</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="border-bottom-style: solid; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; white-space: nowrap" colspan="6">
          <b>June 30,</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-style: solid; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; white-space: nowrap" colspan="2">
          <b>2016</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-style: solid; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; white-space: nowrap" colspan="2">
          2015
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="5">
          Expenses as a percent of total revenues:
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="4">
          Provision for loan losses
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: center; white-space: nowrap" colspan="2">
          25.2%
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: center; white-space: nowrap" colspan="2">
          19.1%
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="5">
          General and administrative expenses
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: center; white-space: nowrap" colspan="2">
          49.5%
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: center; white-space: nowrap" colspan="2">
          49.2%
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="3">
          Interest expense
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: center; white-space: nowrap" colspan="2">
          4.4%
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: center; white-space: nowrap" colspan="2">
          4.0%
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="5">
          Average gross loans receivable
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          <b>$</b>
        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          <b>1,072,900</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          1,127,525
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="4">
          Average net loans receivable
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          <b>$</b>
        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          <b>777,291</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          822,270
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="2">
          Loan volume
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          <b>$</b>
        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          <b>648,129</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap">
          698,241
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="6">
          Net charge-offs as percent of average loans
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: center; white-space: nowrap" colspan="2">
          <b>14.9%</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: center; white-space: nowrap" colspan="2">
          11.9%
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="6">
          Return on average assets (trailing 12 months)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: center; white-space: nowrap" colspan="2">
          <b>9.3%</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: center; white-space: nowrap" colspan="2">
          12.6%
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="6">
          Return on average equity (trailing 12 months)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: center; white-space: nowrap" colspan="2">
          <b>21.5%</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: center; white-space: nowrap" colspan="2">
          36.3%
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="6">
          Offices opened (closed) during the period, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: center; white-space: nowrap" colspan="2">
          <b>(15)</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: center; white-space: nowrap" colspan="2">
          10
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="5">
          Offices open at end of period
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: center; white-space: nowrap" colspan="2">
          <b>1,324</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; text-align: center; white-space: nowrap" colspan="2">
          1,331
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <p>
      CONTACT:<br>World Acceptance Corporation<br>John L. Calmes Jr.,
      864-298-9800<br>Chief Financial Officer
    </p>
  </body>
</html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
