CONSUMER LOANS RECEIVABLE

12 Months Ended

Dec. 31, 2019

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

- 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.

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