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v3.22.2

Note 2 - Significant Accounting Policies and Consolidated Financial Statement Components (Tables) | 6 Months Ended
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Jun. 30, 2022
Notes Tables |
Financing Receivable, Current, Allowance for Credit Loss [Table Text Block] |
For the Three Months Ended June 30, 2022 |  | Credit Cards |  |  | Auto Finance |  |  | Other Unsecured Lending Products |  |  | Total |
Allowance for uncollectible loans, interest and fees receivable: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period |  | $ | — |  |  | $ | (1.6 | ) |  | $ | — |  |  | $ | (1.6 | )
Provision for loan losses |  |  | — |  |  |  | (0.2 | ) |  |  | — |  |  |  | (0.2 | )
Charge-offs |  |  | — |  |  |  | 0.4 |  |  |  | — |  |  |  | 0.4 |
Recoveries |  |  | — |  |  |  | (0.2 | ) |  |  | — |  |  |  | (0.2 | )
Balance at end of period |  | $ | — |  |  | $ | (1.6 | ) |  | $ | — |  |  | $ | (1.6 | )
For the Six Months Ended June 30, 2022 |  | Credit Cards |  |  | Auto Finance |  |  | Other Unsecured Lending Products |  |  | Total |
Allowance for uncollectible loans, interest and fees receivable: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period |  | $ | (43.4 | ) |  | $ | (1.4 | ) |  | $ | (12.4 | ) |  | $ | (57.2 | )
Cumulative effects from adoption of fair value under the CECL standard |  |  | 43.4 |  |  |  | — |  |  |  | 12.4 |  |  |  | 55.8 |
Cumulative effects from adoption of the CECL standard |  |  | — |  |  |  | (0.2 | ) |  |  | — |  |  |  | (0.2 | )
Provision for loan losses |  |  | — |  |  |  | (0.3 | ) |  |  | — |  |  |  | (0.3 | )
Charge-offs |  |  | — |  |  |  | 0.8 |  |  |  | — |  |  |  | 0.8 |
Recoveries |  |  | — |  |  |  | (0.5 | ) |  |  | — |  |  |  | (0.5 | )
Balance at end of period |  | $ | — |  |  | $ | (1.6 | ) |  | $ | — |  |  | $ | (1.6 | )
As of June 30, 2022 |  | Credit Cards |  |  | Auto Finance |  |  | Other Unsecured Lending Products |  |  | Total |
Allowance for uncollectible loans, interest and fees receivable: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at end of period individually evaluated for impairment |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Balance at end of period collectively evaluated for impairment |  | $ | — |  |  | $ | (1.6 | ) |  | $ | — |  |  | $ | (1.6 | )
Loans, interest and fees receivable: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans, interest and fees receivable, gross |  | $ | — |  |  | $ | 104.6 |  |  | $ | — |  |  | $ | 104.6 |
Loans, interest and fees receivable individually evaluated for impairment |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Loans, interest and fees receivable collectively evaluated for impairment |  | $ | — |  |  | $ | 104.6 |  |  | $ | — |  |  | $ | 104.6 |
For the Three Months Ended June 30, 2021 |  | Credit Cards |  |  | Auto Finance |  |  | Other Unsecured Lending Products |  |  | Total |
Allowance for uncollectible loans, interest and fees receivable: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period |  | $ | (75.1 | ) |  | $ | (1.5 | ) |  | $ | (29.3 | ) |  | $ | (105.9 | )
Provision for loan losses |  |  | (11.0 | ) |  |  | 0.2 |  |  |  | (0.3 | ) |  |  | (11.1 | )
Charge-offs |  |  | 21.2 |  |  |  | 0.2 |  |  |  | 6.4 |  |  |  | 27.8 |
Recoveries |  |  | (3.1 | ) |  |  | (0.3 | ) |  |  | (2.6 | ) |  |  | (6.0 | )
Balance at end of period |  | $ | (68.0 | ) |  | $ | (1.4 | ) |  | $ | (25.8 | ) |  | $ | (95.2 | )
For the Six Months Ended June 30, 2021 |  | Credit Cards |  |  | Auto Finance |  |  | Other Unsecured Lending Products |  |  | Total |
Allowance for uncollectible loans, interest and fees receivable: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period |  | $ | (88.2 | ) |  | $ | (1.7 | ) |  | $ | (35.1 | ) |  | $ | (125.0 | )
Provision for loan losses |  |  | (15.2 | ) |  |  | 0.1 |  |  |  | (0.1 | ) |  |  | (15.2 | )
Charge-offs |  | 40.2 |  |  |  | 0.8 |  |  |  | 13.7 |  |  |  | 54.7 |
Recoveries |  |  | (4.8 | ) |  |  | (0.6 | ) |  |  | (4.3 | ) |  |  | (9.7 | )
Balance at end of period |  | $ | (68.0 | ) |  | $ | (1.4 | ) |  | $ | (25.8 | ) |  | $ | (95.2 | )
As of December 31, 2021 |  | Credit Cards |  |  | Auto Finance |  |  | Other Unsecured Lending Products |  |  | Total |
Allowance for uncollectible loans, interest and fees receivable: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at end of period individually evaluated for impairment |  | $ | — |  |  | $ | (0.1 | ) |  | $ | — |  |  | $ | (0.1 | )
Balance at end of period collectively evaluated for impairment |  | $ | (43.4 | ) |  | $ | (1.3 | ) |  | $ | (12.4 | ) |  | $ | (57.1 | )
Loans, interest and fees receivable: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans, interest and fees receivable, gross |  | $ | 259.5 |  |  | $ | 94.6 |  |  | $ | 116.2 |  |  | $ | 470.3 |
Loans, interest and fees receivable individually evaluated for impairment |  | $ | — |  |  | $ | 0.4 |  |  | $ | — |  |  | $ | 0.4 |
Loans, interest and fees receivable collectively evaluated for impairment |  | $ | 259.5 |  |  | $ | 94.2 |  |  | $ | 116.2 |  |  | $ | 469.9 |
Financing Receivable, Past Due [Table Text Block] |
As of June 30, 2022 |  | Credit Cards |  |  | Auto Finance |  |  | Other Unsecured Lending Products |  |  | Total |
30-59 days past due |  | $ | — |  |  | $ | 7.2 |  |  | $ | — |  |  | $ | 7.2 |
60-89 days past due |  |  | — |  |  |  | 2.5 |  |  |  | — |  |  |  | 2.5 |
90 or more days past due |  |  | — |  |  |  | 1.2 |  |  |  | — |  |  |  | 1.2 |
Delinquent loans, interest and fees receivable, gross |  |  | — |  |  |  | 10.9 |  |  |  | — |  |  |  | 10.9 |
Current loans, interest and fees receivable, gross |  |  | — |  |  |  | 93.7 |  |  |  | — |  |  |  | 93.7 |
Total loans, interest and fees receivable, gross |  | $ | — |  |  | $ | 104.6 |  |  | $ | — |  |  | $ | 104.6 |
Balance of loans greater than 90-days delinquent still accruing interest and fees |  | $ | — |  |  | $ | 0.9 |  |  | $ | — |  |  | $ | 0.9 |
As of December 31, 2021 |  | Credit Cards |  |  | Auto Finance |  |  | Other Unsecured Lending Products |  |  | Total |
30-59 days past due |  | $ | 7.3 |  |  | $ | 7.2 |  |  | $ | 3.3 |  |  | $ | 17.8 |
60-89 days past due |  |  | 6.9 |  |  |  | 2.6 |  |  |  | 2.6 |  |  |  | 12.1 |
90 or more days past due |  |  | 17.9 |  |  |  | 2.0 |  |  |  | 6.8 |  |  |  | 26.7 |
Delinquent loans, interest and fees receivable, gross |  |  | 32.1 |  |  |  | 11.8 |  |  |  | 12.7 |  |  |  | 56.6 |
Current loans, interest and fees receivable, gross |  |  | 227.4 |  |  |  | 82.8 |  |  |  | 103.5 |  |  |  | 413.7 |
Total loans, interest and fees receivable, gross |  | $ | 259.5 |  |  | $ | 94.6 |  |  | $ | 116.2 |  |  | $ | 470.3 |
Balance of loans greater than 90-days delinquent still accruing interest and fees |  | $ | — |  |  | $ | 1.5 |  |  | $ | — |  |  | $ | 1.5 |
Financing Receivable, Troubled Debt Restructuring [Table Text Block] |
|  | As of |
|  | June 30, 2022 |  |  | December 31, 2021 |
|  | Private label credit |  |  | General purpose credit card |  |  | Private label credit |  |  | General purpose credit card |
Number of TDRs |  |  | 19,959 |  |  |  | 58,959 |  |  |  | 14,919 |  |  |  | 39,322 |
Number of TDRs that have been re-aged |  |  | 1,095 |  |  |  | 2,830 |  |  |  | 812 |  |  |  | 2,035 |
Amount of TDRs on non-accrual status (in thousands) |  | $ | 25,492 |  |  | $ | 39,359 |  |  | $ | 17,152 |  |  | $ | 25,154 |
Amount of TDRs on non-accrual status above that have been re-aged (in thousands) |  | $ | 2,154 |  |  | $ | 2,467 |  |  | $ | 1,205 |  |  | $ | 1,553 |
Carrying value of TDRs (in thousands) |  | $ | 15,044 |  |  | $ | 19,609 |  |  | $ | 11,173 |  |  | $ | 15,502 |
TDRs - Performing (carrying value, in thousands)* |  | $ | 11,223 |  |  | $ | 16,641 |  |  | $ | 8,797 |  |  | $ | 13,387 |
TDRs - Nonperforming (carrying value, in thousands)* |  | $ | 3,821 |  |  | $ | 2,968 |  |  | $ | 2,376 |  |  | $ | 2,115 |
|  | Twelve Months Ended |
|  | June 30, 2022 |  |  | June 30, 2021 |
|  | Private label credit |  |  | General purpose credit card |  |  | Private label credit |  |  | General purpose credit card |
Number of accounts |  |  | 4,971 |  |  |  | 14,991 |  |  |  | 2,162 |  |  |  | 6,204 |
Loan balance at time of charge off (in thousands) |  | $ | 7,983 |  |  | $ | 12,358 |  |  | $ | 2,779 |  |  | $ | 4,847 |
Disaggregation of Revenue [Table Text Block] |
For the Three Months Ended June 30, 2022 |  | CaaS |  |  | Auto Finance |  |  | Total |
Interchange revenues, net (1) |  | $ | 7,381 |  |  | $ | — |  |  | $ | 7,381 |
Servicing income |  |  | 804 |  |  |  | 225 |  |  |  | 1,029 |
Service charges and other customer related fees |  |  | 3,984 |  |  |  | 16 |  |  |  | 4,000 |
Total revenue from contracts with customers |  | $ | 12,169 |  |  | $ | 241 |  |  | $ | 12,410 |
For the Six Months Ended June 30, 2022 |  | CaaS |  |  | Auto Finance |  |  | Total |
Interchange revenues, net (1) |  | $ | 13,079 |  |  | $ | — |  |  | $ | 13,079 |
Servicing income |  |  | 1,634 |  |  |  | 477 |  |  |  | 2,111 |
Service charges and other customer related fees |  |  | 7,454 |  |  |  | 32 |  |  |  | 7,486 |
Total revenue from contracts with customers |  | $ | 22,167 |  |  | $ | 509 |  |  | $ | 22,676 |
For the Three Months Ended June 30, 2021 |  | CaaS |  |  | Auto Finance |  |  | Total |
Interchange revenues, net (1) |  | $ | 4,269 |  |  | $ | — |  |  | $ | 4,269 |
Servicing income |  |  | 349 |  |  |  | 299 |  |  |  | 648 |
Service charges and other customer related fees |  |  | 2,380 |  |  |  | 15 |  |  |  | 2,395 |
Total revenue from contracts with customers |  | $ | 6,998 |  |  | $ | 314 |  |  | $ | 7,312 |
For the Six Months Ended June 30, 2021 |  | CaaS |  |  | Auto Finance |  |  | Total |
Interchange revenues, net (1) |  | $ | 6,891 |  |  | $ | — |  |  | $ | 6,891 |
Servicing income |  |  | 737 |  |  |  | 624 |  |  |  | 1,361 |
Service charges and other customer related fees |  |  | 3,609 |  |  |  | 30 |  |  |  | 3,639 |
Total revenue from contracts with customers |  | $ | 11,237 |  |  | $ | 654 |  |  | $ | 11,891 |

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