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Loans to Bank Customers
 9 Months Ended
Sep. 30, 2019
Loans and Leases Receivable Disclosure [Abstract]  
Loans to Bank Customers 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)
September 30, 2019
 
Residential
$
5

 
$
—

 
$
—

 
$
5

 
$
2,926

 
$
2,931

Commercial
10

 
—

 
—

 
10

 
170

 
180

Installment
12

 
—

 
—

 
12

 
698

 
710

Secured credit card
1,206

 
1,128

 
3,344

 
5,678

 
12,965

 
18,643

Total loans
$
1,233


$
1,128

 
$
3,344

 
$
5,705

 
$
16,759

 
$
22,464

 
 
 
 
 
 
 
 
 
 
 
 
Percentage of outstanding
5.5
%
 
5.0
%
 
14.9
%
 
25.4
%
 
74.6
%
 
100.0
%
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2018
 
 
 
 
 
 
 
 
 
 
 
Residential
$
2

 
$
—

 
$
7

 
$
9

 
$
3,329

 
$
3,338

Commercial
—

 
—

 
—

 
—

 
193

 
193

Installment
—

 
2

 
—

 
2

 
905

 
907

Secured credit card
1,383

 
1,315

 
1,114

 
3,812

 
14,257

 
18,069

Total loans
$
1,385

 
$
1,317

 
$
1,121

 
$
3,823

 
$
18,684

 
$
22,507

 
 
 
 
 
 
 
 
 
 
 
 
Percentage of outstanding
6.2
%
 
5.9
%
 
5.0
%
 
17.0
%
 
83.0
%
 
100.0
%

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, 2018 for further information on the criteria for classification as nonperforming.
 
September 30, 2019
 
December 31, 2018
 
(In thousands)
Residential
$
308

 
$
403

Installment
150

 
169

Secured credit card
3,344

 
1,114

Total loans
$
3,802

 
$
1,686


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 6—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:
 
September 30, 2019
 
December 31, 2018
 
Non-Classified
 
Classified
 
Non-Classified
 
Classified
 
(In thousands)
Residential
$
2,623

 
$
308

 
$
2,935

 
$
403

Commercial
180

 
—

 
193

 
—

Installment
491

 
219

 
632

 
275

Secured credit card
15,299

 
3,344

 
16,955

 
1,114

Total loans
$
18,593

 
$
3,871

 
$
20,715

 
$
1,792


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 September 30, 2019 and December 31, 2018:
 
September 30, 2019
 
December 31, 2018
 
Unpaid Principal Balance
 
Carrying Value
 
Unpaid Principal Balance
 
Carrying Value
 
(In thousands)
Residential
$
308

 
$
235

 
$
403

 
$
329

Installment
166

 
52

 
190

 
53


Allowance for Loan Losses
Activity in the allowance for loan losses consisted of the following:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2019
 
2018
 
2019
 
2018
 
(In thousands)
Balance, beginning of period
$
970

 
$
1,173

 
$
1,144

 
$
291

Provision for loans
658

 
1,036

 
1,914

 
2,270

Loans charged off
(112
)
 
(964
)
 
(1,661
)
 
(1,598
)
Recoveries of loans previously charged off
42

 
89

 
161

 
371

Balance, end of period
$
1,558

 
$
1,334

 
$
1,558

 
$
1,334