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Loans to Bank Customers (Tables) | 6 Months Ended
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Jun. 30, 2020
Loans and Leases Receivable Disclosure [Abstract] |
Schedule of past due financing receivables | 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, 2020 |  |  |  |  |  |  |  |  |  |  |
Residential | $ | 125 |  |  | $ | — |  |  | $ | — |  |  | $ | 125 |  |  | $ | 3,645 |  |  | $ | 3,770 |
Commercial | — |  |  | — |  |  | — |  |  | — |  |  | 1,074 |  |  | 1,074 |
Installment | 2 |  |  | — |  |  | — |  |  | 2 |  |  | 1,215 |  |  | 1,217 |
Secured credit card | 488 |  |  | 435 |  |  | 759 |  |  | 1,682 |  |  | 12,378 |  |  | 14,060 |
Total loans | $ | 615 |  |  | $ | 435 |  |  | $ | 759 |  |  | $ | 1,809 |  |  | $ | 18,312 |  |  | $ | 20,121 |
Percentage of outstanding | 3.1 | % |  | 2.2 | % |  | 3.8 | % |  | 9.0 | % |  | 91.0 | % |  | 100.0 | %
December 31, 2019 |  |  |  |  |  |  |  |  |  |  |
Residential | $ | 1 |  |  | $ | — |  |  | $ | — |  |  | $ | 1 |  |  | $ | 4,530 |  |  | $ | 4,531 |
Commercial | — |  |  | — |  |  | — |  |  | — |  |  | 158 |  |  | 158 |
Installment | 1 |  |  | — |  |  | — |  |  | 1 |  |  | 1,246 |  |  | 1,247 |
Secured credit card | 1,080 |  |  | 939 |  |  | 2,183 |  |  | 4,202 |  |  | 12,445 |  |  | 16,647 |
Total loans | $ | 1,082 |  |  | $ | 939 |  |  | $ | 2,183 |  |  | $ | 4,204 |  |  | $ | 18,379 |  |  | $ | 22,583 |
Percentage of outstanding | 4.8 | % |  | 4.2 | % |  | 9.7 | % |  | 18.6 | % |  | 81.4 | % |  | 100.0 | %
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, 2019 for further information on the criteria for classification as nonperforming.
| June 30, 2020 |  | December 31, 2019
| (In thousands) |  |
Residential | $ | 262 |  |  | $ | 290 |
Installment | 131 |  |  | 147 |
Secured credit card | 759 |  |  | 2,183 |
Total loans | $ | 1,152 |  |  | $ | 2,620 |
Schedule of credit quality indicators related to loan portfolio | 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: Note 6—Loans to Bank Customers (continued)
| June 30, 2020 |  |  |  | December 31, 2019 |  |
| Non-Classified |  | Classified |  | Non-Classified |  | Classified
| (In thousands) |  |  |  |  |  |
Residential | $ | 3,508 |  |  | $ | 262 |  |  | $ | 4,241 |  |  | $ | 290 |
Commercial | 1,074 |  |  | — |  |  | 158 |  |  | — |
Installment | 1,062 |  |  | 155 |  |  | 1,058 |  |  | 189 |
Secured credit card | 13,301 |  |  | 759 |  |  | 14,464 |  |  | 2,183 |
Total loans | $ | 18,945 |  |  | $ | 1,176 |  |  | $ | 19,921 |  |  | $ | 2,662 |
Schedule of troubled debt restructurings | The following table presents our impaired loans and loans that we modified as TDRs as of June 30, 2020 and December 31, 2019:
| June 30, 2020 |  |  |  | December 31, 2019 |  |
| Unpaid Principal Balance |  | Carrying Value |  | Unpaid Principal Balance |  | Carrying Value
| (In thousands) |  |  |  |  |  |
Residential | $ | 262 |  |  | $ | 196 |  |  | $ | 290 |  |  | $ | 221 |
Installment | 142 |  |  | 138 |  |  | 160 |  |  | 48 |
Schedule of 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, |  |
| 2020 |  | 2019 |  | 2020 |  | 2019
| (In thousands) |  |  |  |  |  |
Balance, beginning of period | $ | 1,057 |  |  | $ | 948 |  |  | $ | 1,166 |  |  | $ | 1,144 |
Provision for loans | 62 |  |  | 590 |  |  | 254 |  |  | 1,256 |
Loans charged off | (634) |  |  | (637) |  |  | (1,121) |  |  | (1,549) |
Recoveries of loans previously charged off | 85 |  |  | 69 |  |  | 271 |  |  | 119 |
Balance, end of period | $ | 570 |  |  | $ | 970 |  |  | $ | 570 |  |  | $ | 970 |

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- Definition Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=121599337&loc=SL82919230-210447 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=121611835&loc=SL6953659-111524 + Details
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