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CONSUMER LOANS RECEIVABLE | 12 Months Ended
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Dec. 31, 2019
CONSUMER LOANS RECEIVABLE |
CONSUMER LOANS RECEIVABLE | 3. CONSUMER LOANS RECEIVABLE Consumer loans receivable, net of allowance for loan losses and deferred financing fees, consisted of the following at December 31, 2019 and 2018:
|  | 2019 |  | 2018
Consumer loans receivable |  | $ | 109,005 |  | $ | 101,049
Loan discount and deferred financing fees, net |  |  | (3,050) |  |  | (3,162)
Allowance for loan losses |  |  | (913) |  |  | (712)
Consumer loans receivable, net |  | $ | 105,042 |  | $ | 97,175
The following table presents a detail of the activity in the allowance for loan losses for the years ended December 31, 2019 and 2018:
|  | 2019 |  | 2018 |
Allowance for loan losses, beginning of period |  | $ | 712 |  | $ | 805 |
Provision for loan losses |  |  | 769 |  |  | 851 |
Charge offs |  |  | (568) |  |  | (944) |
Allowance for loan losses |  | $ | 913 |  | $ | 712 |
The impaired and general reserve for allowance for loan losses at December 31, 2019 and 2018:
|  | 2019 |  | 2018
Total consumer loans |  | $ | 109,005 |  | $ | 101,049
Total allowance for loan losses |  |  | 913 |  |  | 712
Impaired loans individually evaluated for impairment |  |  | 1,677 |  |  | 1,445
Specific reserve against impaired loans |  |  | 529 |  |  | 427
Other loans collectively evaluated for allowance |  |  | 107,328 |  |  | 99,604
General allowance for loan losses |  |  | 384 |  |  | 285
A detailed aging of consumer loans receivable that are past due as of December 31, 2019 were as follows:
|  | 2019 |  | % |  | 2018 |  | %
Total consumer loans receivable |  | $ | 109,005 |  | 100.0 |  | $ | 101,049 |  | 100.0
Past due consumer loans: |  |  |  |  |  |  |  |  |  |
31 - 60 days past due |  | $ | 267 |  | 0.2 |  | $ | 968 |  | 1.0
61 - 90 days past due |  |  | 122 |  | 0.1 |  |  | 404 |  | 0.4
91 - 120 days past due |  |  | 103 |  | 0.1 |  |  | 133 |  | 0.1
Greater than 120 days past due |  |  | 1,065 |  | 1.0 |  |  | 843 |  | 0.8
Total past due |  | $ | 1,557 |  | 1.4 |  | $ | 2,348 |  | 2.3

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- Definition The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=84173941&loc=d3e5074-111524 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(4)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(5)) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=84173941&loc=d3e5162-111524 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=84173941&loc=d3e5066-111524 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(3)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(7)) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(6)) -URI http://asc.fasb.org/extlink&oid=6488278&loc=d3e603758-122996 + Details
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