CONSUMER LOANS RECEIVABLE

12 Months Ended

Dec. 31, 2020

3. CONSUMER LOANS RECEIVABLE

Consumer loans receivable, net of allowance for loan losses and deferred financing fees, consisted of the following at December 31, 2020 and 2019:


	2020		2019
Consumer loans receivable	$	115,639	$	109,005
Loan discount and deferred financing fees, net		(2,814)		(3,050)
Allowance for loan losses		(905)		(913)
Consumer loans receivable, net	$	111,920	$	105,042

The following table presents a detail of the activity in the allowance for loan losses for the years ended December 31, 2020 and 2019:


	2020		2019
Allowance for loan losses, beginning of period	$	913	$	712
Provision for loan losses		819		769
Charge offs		(827)		(568)
Allowance for loan losses	$	905	$	913

The impaired and general reserve for allowance for loan losses at December 31, 2020 and 2019:


	2020		2019
Total consumer loans	$	115,639	$	109,005
Total allowance for loan losses		905		913
Impaired loans individually evaluated for impairment		1,603		1,677
Specific reserve against impaired loans		558		529
Other loans collectively evaluated for allowance		114,036		107,328
General allowance for loan losses		347		384

A detailed aging of consumer loans receivable that are past due as of December 31, 2020 were as follows:


	2020		%	2019		%
Total consumer loans receivable	$	115,639	100.0	$	109,005	100.0
Past due consumer loans:
31 - 60 days past due	$	954	0.8	$	267	0.2
61 - 90 days past due		221	0.2		122	0.1
91 - 120 days past due		141	0.1		103	0.1
Greater than 120 days past due		1,261	1.1		1,065	1.0
Total past due	$	2,577	2.2	$	1,557	1.4