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