Loans to Bank Customers

The following table presents total outstanding loans, gross of the related allowance for loan losses, and a summary of the related payment status:



	30-59 Days Past Due			60-89 Days Past Due			90 Days or More Past Due			Total Past Due			Total Current or Less Than 30 Days Past Due			Total Outstanding
	(In thousands)
June 30, 2018
Residential	$	—		$	4		$	7		$	11		$	4,043		$	4,054
Commercial	—			—			—			—			323			323
Installment	1			—			—			1			1,056			1,057
Secured credit card	1,402			1,259			546			3,207			14,160			17,367
Total loans	$	1,403		$	1,263		$	553		$	3,219		$	19,582		$	22,801

Percentage of outstanding	6.2		%	5.5		%	2.4		%	14.1		%	85.9		%	100.0		%

December 31, 2017
Residential	$	—		$	—		$	—		$	—		$	3,554		$	3,554
Commercial	—			—			—			—			315			315
Installment	1			—			—			1			1,378			1,379
Secured credit card	1,223			593			424			2,240			11,373			13,613
Total loans	$	1,224		$	593		$	424		$	2,241		$	16,620		$	18,861

Percentage of outstanding	6.5		%	3.1		%	2.3		%	11.9		%	88.1		%	100.0		%

Secured Credit Card Loans

On August 31, 2017, we completed an asset acquisition of a secured credit card portfolio for approximately $8.1 million. In exchange for the payment, we received approximately $8.2 million of secured credit card receivables. All of our credit card receivables are collateralized by the cardholders' security deposits, which also act as the cardholders' credit limit.

Nonperforming Loans

The following table presents the carrying value, gross of the related allowance for loan losses, of our nonperforming loans. See Note 2 — Summary of Significant Accounting Policies to the Consolidated Financial Statements of our Annual Report on Form 10-K for the year ended December 31, 2017 for further information on the criteria for classification as nonperforming.



	June 30, 2018		December 31, 2017
	(In thousands)
Residential	$	649	$	502
Installment	214		191
Total loans	$	863	$	693

Credit Quality Indicators

We closely monitor and assess the credit quality and credit risk of our loan portfolio on an ongoing basis. We continuously review and update loan risk classifications. We evaluate our loans using non-classified or classified as the primary credit quality indicator. Classified loans are those loans that have demonstrated credit weakness where we believe there is a heightened risk of principal loss, including all impaired loans. Classified loans are generally internally categorized as substandard, doubtful or loss, consistent with regulatory guidelines.

Note 7—Loans to Bank Customers (continued)

The table below presents the carrying value, gross of the related allowance for loan losses, of our loans within the primary credit quality indicators related to our loan portfolio:



	June 30, 2018				December 31, 2017
	Non-Classified		Classified		Non-Classified		Classified
	(In thousands)
Residential	$	3,405	$	649	$	3,038	$	516
Commercial	323		—		315		—
Installment	695		362		1,059		320
Secured credit card	17,367		—		13,613		—
Total loans	$	21,790	$	1,011	$	18,025	$	836

Impaired Loans and Troubled Debt Restructurings

When, for economic or legal reasons related to a borrower’s financial difficulties, we grant a concession for other than an insignificant period of time to a borrower that we would not otherwise consider, the related loan is classified as a Troubled Debt Restructuring, or TDR. Our TDR modifications involve an extension of the maturity date at a stated interest rate lower than the current market rate for new debt with similar risk. The following table presents our impaired loans and loans that we modified as TDRs as of June 30, 2018 and December 31, 2017:



	June 30, 2018				December 31, 2017
	Unpaid Principal Balance		Carrying Value		Unpaid Principal Balance		Carrying Value
	(In thousands)
Residential	$	649	$	529	$	516	$	452
Installment	214		63		262		120

Allowance for Loan Losses

Activity in the allowance for loan losses consisted of the following:



	Three Months Ended June 30,						Six Months Ended June 30,
	2018			2017			2018			2017
	(In thousands)
Balance, beginning of period	$	451		$	281		$	291		$	277
Provision for loans	966			63			1,234			63
Loans charged off	(328		)	(26		)	(634		)	(31		)
Recoveries of loans previously charged off	84			1			282			10
Balance, end of period	$	1,173		$	319		$	1,173		$	319