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Loans to Bank Customers (Tables) | 3 Months Ended
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Mar. 31, 2024
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 credit 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)
March 31, 2024 |
Residential | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 5,763 |  |  | $ | 5,763 |
Commercial | — |  |  | — |  |  | — |  |  | — |  |  | 12,811 |  |  | 12,811 |
Installment | — |  |  | — |  |  | — |  |  | — |  |  | 4,270 |  |  | 4,270 |
Consumer | 1,543 |  |  | — |  |  | — |  |  | 1,543 |  |  | 16,252 |  |  | 17,795 |
Secured credit card | 731 |  |  | 712 |  |  | 2,448 |  |  | 3,891 |  |  | 5,475 |  |  | 9,366 |
Total loans | $ | 2,274 |  |  | $ | 712 |  |  | $ | 2,448 |  |  | $ | 5,434 |  |  | $ | 44,571 |  |  | $ | 50,005 |
Percentage of outstanding | 4.6 | % |  | 1.4 | % |  | 4.9 | % |  | 10.9 | % |  | 89.1 | % |  | 100.0 | %
December 31, 2023 |  |  |  |  |  |  |  |  |  |  |
Residential | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 5,095 |  |  | $ | 5,095 |
Commercial | — |  |  | — |  |  | — |  |  | — |  |  | 2,716 |  |  | 2,716 |
Installment | — |  |  | — |  |  | — |  |  | — |  |  | 4,357 |  |  | 4,357 |
Consumer | 2,066 |  |  | — |  |  | — |  |  | 2,066 |  |  | 17,953 |  |  | 20,019 |
Secured credit card | 796 |  |  | 774 |  |  | 2,575 |  |  | 4,145 |  |  | 5,585 |  |  | 9,730 |
Total loans | $ | 2,862 |  |  | $ | 774 |  |  | $ | 2,575 |  |  | $ | 6,211 |  |  | $ | 35,706 |  |  | $ | 41,917 |
Percentage of outstanding | 6.8 | % |  | 1.9 | % |  | 6.1 | % |  | 14.8 | % |  | 85.2 | % |  | 100.0 | %
Schedule of Nonperforming Loans | The following table presents the carrying value, gross of the related allowance for credit 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, 2023 for further information on the criteria for classification as nonperforming.
| March 31, 2024 |  | December 31, 2023
| (In thousands)
Residential | $ | 46 |  |  | $ | 49 |
Installment | 76 |  |  | 79 |
Secured credit card | 2,448 |  |  | 2,575 |
Total loans | $ | 2,570 |  |  | $ | 2,703 |
Schedule of Financing Receivable Credit Quality Indicators | The table below presents the carrying value, gross of the related allowance for credit losses, of our loans within the primary credit quality indicators related to our loan portfolio:
| March 31, 2024 |  | December 31, 2023
| Non-Classified |  | Classified |  | Non-Classified |  | Classified
| (In thousands)
Residential | $ | 5,717 |  |  | $ | 46 |  |  | $ | 5,046 |  |  | $ | 49 |
Commercial | 12,811 |  |  | — |  |  | 2,716 |  |  | — |
Installment | 4,194 |  |  | 76 |  |  | 4,278 |  |  | 79 |
Consumer | 17,795 |  |  | — |  |  | 20,019 |  |  | — |
Secured credit card | 6,918 |  |  | 2,448 |  |  | 7,155 |  |  | 2,575 |
Total loans | $ | 47,435 |  |  | $ | 2,570 |  |  | $ | 39,214 |  |  | $ | 2,703 |
Schedule of Allowance for Loan Losses | Activity in the allowance for credit losses on our loan portfolio consisted of the following:
|  |  | Three Months Ended March 31,
|  |  |  |  | 2024 |  | 2023
|  |  |  |  | (In thousands)
Balance, beginning of period |  |  |  |  | $ | 11,383 |  |  | $ | 9,078 |
Provision for loans |  |  |  |  | 4,788 |  |  | 10,252 |
Loans charged off |  |  |  |  | (5,859) |  |  | (6,101) |
Recoveries of loans previously charged off |  |  |  |  | 64 |  |  | 25 |
Balance, end of period |  |  |  |  | $ | 10,376 |  |  | $ | 13,254 |

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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 -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-5 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 29 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-29 + Details
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