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Loans to Bank Customers | 12 Months Ended
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Dec. 31, 2024
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 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)
December 31, 2024 |
Residential | $ | 1 |  |  | $ | — |  |  | $ | — |  |  | $ | 1 |  |  | $ | 6,874 |  |  | $ | 6,875 |
Commercial | — |  |  | — |  |  | — |  |  | — |  |  | 2,585 |  |  | 2,585 |
Installment | — |  |  | 933 |  |  | — |  |  | 933 |  |  | 4,506 |  |  | 5,439 |
Consumer | 1,668 |  |  | — |  |  | — |  |  | 1,668 |  |  | 23,868 |  |  | 25,536 |
Secured credit card | 700 |  |  | 700 |  |  | 2,536 |  |  | 3,936 |  |  | 5,132 |  |  | 9,068 |
Total loans | $ | 2,369 |  |  | $ | 1,633 |  |  | $ | 2,536 |  |  | $ | 6,538 |  |  | $ | 42,965 |  |  | $ | 49,503 |
Percentage of outstanding | 4.8 | % |  | 3.3 | % |  | 5.1 | % |  | 13.2 | % |  | 86.8 | % |  | 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 | %
A portion of our secured credit card portfolio is classified as loans held for sale. These loans are included in the long-term portion of prepaid and other assets on our consolidated balance sheets. Changes in valuation allowances are recorded as a component of other income and expenses on our consolidated statements of operations. As of December 31, 2024 and 2023, the fair value of the loans held for sale amounted to approximately $3.8 million and $4.7 million, respectively. 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 for further information on the criteria for classification as nonperforming. Note 6—Loans to Bank Customers (continued)
| December 31, 2024 |  | December 31, 2023
| (In thousands)
Residential | $ | 34 |  |  | $ | 49 |
Installment | — |  |  | 79 |
Secured credit card | 2,536 |  |  | 2,575 |
Total loans | $ | 2,570 |  |  | $ | 2,703 |
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 include those designated as substandard, doubtful, or loss, consistent with regulatory guidelines. Secured credit card loans are considered classified if they are greater than 90 days past due. However, our secured credit card portfolio is collateralized by cash deposits made by each accountholder in an amount equal to the user's available credit limit, which mitigates the risk of any significant credit losses we expect to incur. 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:
| December 31, 2024 |  | December 31, 2023
| Non-Classified |  | Classified |  | Non-Classified |  | Classified
| (In thousands)
Residential | $ | 6,841 |  |  | $ | 34 |  |  | $ | 5,046 |  |  | $ | 49 |
Commercial | 2,585 |  |  | — |  |  | 2,716 |  |  | — |
Installment | 5,439 |  |  | — |  |  | 4,278 |  |  | 79 |
Consumer | 25,536 |  |  | — |  |  | 20,019 |  |  | — |
Secured credit card | 6,532 |  |  | 2,536 |  |  | 7,155 |  |  | 2,575 |
Total loans | $ | 46,933 |  |  | $ | 2,570 |  |  | $ | 39,214 |  |  | $ | 2,703 |
Allowance for Credit Losses Activity in the allowance for credit losses on our loan portfolio consisted of the following:
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
| (In thousands)
Balance, beginning of period | $ | 11,383 |  |  | $ | 9,078 |  |  | $ | 5,555 |
Provision for loans | 27,562 |  |  | 26,311 |  |  | 32,352 |
Loans charged off | (21,613) |  |  | (24,224) |  |  | (28,829) |
Recoveries of loans previously charged off | 210 |  |  | 218 |  |  | — |
Balance, end of period | $ | 17,542 |  |  | $ | 11,383 |  |  | $ | 9,078 |

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