XML 45 R33.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Loans to Bank Customers (Tables)
 3 Months Ended
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 Due60-89 Days Past Due90 Days or More Past DueTotal Past DueTotal Current or Less Than 30 Days Past DueTotal Outstanding
(In thousands)
March 31, 2024
Residential$— $— $— $— $5,763 $5,763 
Commercial— — — — 12,811 12,811 
Installment— — — — 4,270 4,270 
Consumer1,543 — — 1,543 16,252 17,795 
Secured credit card731 712 2,448 3,891 5,475 9,366 
Total loans$2,274 $712 $2,448 $5,434 $44,571 $50,005 
Percentage of outstanding4.6 %1.4 %4.9 %10.9 %89.1 %100.0 %
December 31, 2023
Residential$— $— $— $— $5,095 $5,095 
Commercial— — — — 2,716 2,716 
Installment— — — — 4,357 4,357 
Consumer2,066 — — 2,066 17,953 20,019 
Secured credit card796 774 2,575 4,145 5,585 9,730 
Total loans$2,862 $774 $2,575 $6,211 $35,706 $41,917 
Percentage of outstanding6.8 %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, 2024December 31, 2023
(In thousands)
Residential$46 $49 
Installment76 79 
Secured credit card2,448 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, 2024December 31, 2023
Non-ClassifiedClassifiedNon-ClassifiedClassified
(In thousands)
Residential$5,717 $46 $5,046 $49 
Commercial12,811 — 2,716 — 
Installment4,194 76 4,278 79 
Consumer17,795 — 20,019 — 
Secured credit card6,918 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,
20242023
(In thousands)
Balance, beginning of period$11,383 $9,078 
Provision for loans4,788 10,252 
Loans charged off(5,859)(6,101)
Recoveries of loans previously charged off64 25 
Balance, end of period$10,376 $13,254