XML 35 R23.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Note 2 - Significant Accounting Policies and Consolidated Financial Statement Components (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2022
Notes Tables |
Financing Receivable, Current, Allowance for Credit Loss [Table Text Block] |
For the Three Months Ended September 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 |  |  | — |  |  |  | (0.4 | ) |  |  | — |  |  |  | (0.4 | )
Charge-offs |  |  | — |  |  |  | 0.6 |  |  |  | — |  |  |  | 0.6 |
Recoveries |  |  | — |  |  |  | (0.4 | ) |  |  | — |  |  |  | (0.4 | )
Balance at end of period |  | $ | — |  |  | $ | (1.8 | ) |  | $ | — |  |  | $ | (1.8 | )
For the Nine Months Ended September 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 |  |  | — |  |  |  | (0.7 | ) |  |  | — |  |  |  | (0.7 | )
Charge-offs |  |  | — |  |  |  | 1.4 |  |  |  | — |  |  |  | 1.4 |
Recoveries |  |  | — |  |  |  | (0.9 | ) |  |  | — |  |  |  | (0.9 | )
Balance at end of period |  | $ | — |  |  | $ | (1.8 | ) |  | $ | — |  |  | $ | (1.8 | )
As of September 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 |  | $ | — |  |  | $ | (1.8 | ) |  | $ | — |  |  | $ | (1.8 | )
Loans, interest and fees receivable: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans, interest and fees receivable, gross |  | $ | — |  |  | $ | 107.4 |  |  | $ | — |  |  | $ | 107.4 |
Loans, interest and fees receivable individually evaluated for impairment |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Loans, interest and fees receivable collectively evaluated for impairment |  | $ | — |  |  | $ | 107.4 |  |  | $ | — |  |  | $ | 107.4 |
For the Three Months Ended September 30, 2021 |  | Credit Cards |  |  | Auto Finance |  |  | Other Unsecured Lending Products |  |  | Total |
Allowance for uncollectible loans, interest and fees receivable: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period |  | $ | (68.0 | ) |  | $ | (1.4 | ) |  | $ | (25.8 | ) |  | $ | (95.2 | )
Provision for loan losses |  |  | (9.5 | ) |  |  | (0.1 | ) |  |  | 0.4 |  |  |  | (9.2 | )
Charge-offs |  |  | 20.1 |  |  |  | 0.3 |  |  |  | 7.0 |  |  |  | 27.4 |
Recoveries |  |  | (1.6 | ) |  |  | (0.2 | ) |  |  | (1.2 | ) |  |  | (3.0 | )
Balance at end of period |  | $ | (59.0 | ) |  | $ | (1.4 | ) |  | $ | (19.6 | ) |  | $ | (80.0 | )
For the Nine Months Ended September 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 |  |  | (24.8 | ) |  |  | — |  |  |  | 0.3 |  |  |  | (24.5 | )
Charge-offs |  | 60.3 |  |  |  | 1.1 |  |  |  | 20.7 |  |  |  | 82.1 |
Recoveries |  |  | (6.3 | ) |  |  | (0.8 | ) |  |  | (5.5 | ) |  |  | (12.6 | )
Balance at end of period |  | $ | (59.0 | ) |  | $ | (1.4 | ) |  | $ | (19.6 | ) |  | $ | (80.0 | )
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 September 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 |  |  | — |  |  |  | 2.6 |  |  |  | — |  |  |  | 2.6 |
90 or more days past due |  |  | — |  |  |  | 1.8 |  |  |  | — |  |  |  | 1.8 |
Delinquent loans, interest and fees receivable, gross |  |  | — |  |  |  | 11.6 |  |  |  | — |  |  |  | 11.6 |
Current loans, interest and fees receivable, gross |  |  | — |  |  |  | 95.8 |  |  |  | — |  |  |  | 95.8 |
Total loans, interest and fees receivable, gross |  | $ | — |  |  | $ | 107.4 |  |  | $ | — |  |  | $ | 107.4 |
Balance of loans greater than 90-days delinquent still accruing interest and fees |  | $ | — |  |  | $ | 1.1 |  |  | $ | — |  |  | $ | 1.1 |
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 |
|  | September 30, 2022 |  |  | December 31, 2021 |
|  | Private label credit |  |  | General purpose credit card |  |  | Private label credit |  |  | General purpose credit card |
Number of TDRs |  |  | 22,401 |  |  |  | 84,339 |  |  |  | 14,919 |  |  |  | 39,322 |
Number of TDRs that have been re-aged |  |  | 1,342 |  |  |  | 3,572 |  |  |  | 812 |  |  |  | 2,035 |
Amount of TDRs on non-accrual status (in thousands) |  | $ | 28,165 |  |  | $ | 58,723 |  |  | $ | 17,152 |  |  | $ | 25,154 |
Amount of TDRs on non-accrual status above that have been re-aged (in thousands) |  | $ | 2,584 |  |  | $ | 3,102 |  |  | $ | 1,205 |  |  | $ | 1,553 |
Carrying value of TDRs (in thousands) |  | $ | 15,088 |  |  | $ | 23,233 |  |  | $ | 11,173 |  |  | $ | 15,502 |
TDRs - Performing (carrying value, in thousands)* |  | $ | 11,536 |  |  | $ | 18,667 |  |  | $ | 8,797 |  |  | $ | 13,387 |
TDRs - Nonperforming (carrying value, in thousands)* |  | $ | 3,552 |  |  | $ | 4,566 |  |  | $ | 2,376 |  |  | $ | 2,115 |
|  | Twelve Months Ended |
|  | September 30, 2022 |  |  | September 30, 2021 |
|  | Private label credit |  |  | General purpose credit card |  |  | Private label credit |  |  | General purpose credit card |
Number of accounts |  |  | 5,738 |  |  |  | 20,656 |  |  |  | 2,502 |  |  |  | 5,624 |
Loan balance at time of charge off (in thousands) |  | $ | 9,043 |  |  | $ | 16,490 |  |  | $ | 3,420 |  |  | $ | 4,489 |
Disaggregation of Revenue [Table Text Block] |
For the Three Months Ended September 30, 2022 |  | CaaS |  |  | Auto Finance |  |  | Total |
Interchange revenues, net (1) |  | $ | 6,194 |  |  | $ | — |  |  | $ | 6,194 |
Servicing income |  |  | 879 |  |  |  | 215 |  |  |  | 1,094 |
Service charges and other customer related fees |  |  | 4,030 |  |  |  | 22 |  |  |  | 4,052 |
Total revenue from contracts with customers |  | $ | 11,103 |  |  | $ | 237 |  |  | $ | 11,340 |
For the Nine Months Ended September 30, 2022 |  | CaaS |  |  | Auto Finance |  |  | Total |
Interchange revenues, net (1) |  | $ | 19,273 |  |  | $ | — |  |  | $ | 19,273 |
Servicing income |  |  | 2,513 |  |  |  | 692 |  |  |  | 3,205 |
Service charges and other customer related fees |  |  | 11,484 |  |  |  | 54 |  |  |  | 11,538 |
Total revenue from contracts with customers |  | $ | 33,270 |  |  | $ | 746 |  |  | $ | 34,016 |
For the Three Months Ended September 30, 2021 |  | CaaS |  |  | Auto Finance |  |  | Total |
Interchange revenues, net (1) |  | $ | 5,276 |  |  | $ | — |  |  | $ | 5,276 |
Servicing income |  |  | 529 |  |  |  | 325 |  |  |  | 854 |
Service charges and other customer related fees |  |  | 2,510 |  |  |  | 15 |  |  |  | 2,525 |
Total revenue from contracts with customers |  | $ | 8,315 |  |  | $ | 340 |  |  | $ | 8,655 |
For the Nine Months Ended September 30, 2021 |  | CaaS |  |  | Auto Finance |  |  | Total |
Interchange revenues, net (1) |  | $ | 12,167 |  |  | $ | — |  |  | $ | 12,167 |
Servicing income |  |  | 1,266 |  |  |  | 949 |  |  |  | 2,215 |
Service charges and other customer related fees |  |  | 6,119 |  |  |  | 45 |  |  |  | 6,164 |
Total revenue from contracts with customers |  | $ | 19,552 |  |  | $ | 994 |  |  | $ | 20,546 |

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of aging analysis for financing receivable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 14 -URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919253-210447 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7A -URI https://asc.fasb.org/extlink&oid=123577603&loc=SL6953401-111524 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 55 -Paragraph 80 -URI https://asc.fasb.org/extlink&oid=124267575&loc=SL82922355-210448 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7 -URI https://asc.fasb.org/extlink&oid=123577603&loc=d3e5111-111524 + Details
Name: | us-gaap_PastDueFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of allowance for credit loss of financing receivable, classified as current. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=123577603&loc=SL6953423-111524 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 13 -URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919249-210447 + Details
Name: | us-gaap_ScheduleOfCreditLossesForFinancingReceivablesCurrentTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_TableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financing receivable modified as troubled debt restructuring. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 33 -URI https://asc.fasb.org/extlink&oid=123577603&loc=SL6953676-111524 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 34 -URI https://asc.fasb.org/extlink&oid=123577603&loc=SL6953682-111524 + Details
Name: | us-gaap_TroubledDebtRestructuringsOnFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration