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CONSUMER LOANS RECEIVABLE

12 Months Ended

Dec. 31, 2022

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, 2022 and 2021:

​

​	​	​	​	​	​	​
​	​	2022		​	2021
Consumer loans receivable	​	$	142,340	​	$	129,119
Loan discount and deferred financing fees	​		(2,501)	​		(2,612)
Allowance for loan losses	​		(830)	​		(884)
Consumer loans receivable, net	​	$	139,009	​	$	125,623

​

The following table presents a detail of the activity in the allowance for loan losses for the years ended December 31, 2022 and 2021:

​

​	​	​	​	​	​	​	​
​	​	2022			2021
Allowance for loan losses, beginning of period	​	$	884	​	$	905	​
Provision for loan losses	​		(243)	​		725	​
Charge offs (recoveries)	​		189	​		(746)	​
Allowance for loan losses	​	$	830	​	$	884	​

​

The impaired and general reserve for allowance for loan losses at December 31, 2022 and 2021:

​

​	​	​	​	​	​	​
​	​	2022		​	2021
Total consumer loans	​	$	142,340	​	$	129,119
Allowance for loan losses	​	$	830	​	$	884
Impaired loans individually evaluated for impairment	​	$	1,610	​	$	1,239
Specific reserve against impaired loans	​	$	612	​	$	533
Other loans collectively evaluated for allowance	​	$	140,730	​	$	127,880
General allowance for loan losses	​	$	218	​	$	351

​

A detailed aging of consumer loans receivable that are past due as of December 31, 2022 and 2021 were as follows:

​

​	​	​	​	​	​	​	​	​	​	​
​	​	2022		​	%	​	2021		​	%
Total consumer loans receivable	​	$	142,340		100.0		$	129,119		100.0
Past due consumer loans:	​					​
31 - 60 days past due	​	$	1,150		0.8	​	$	594		0.5
61 - 90 days past due	​		108		0.1	​		407		0.3
91 - 120 days past due	​		486		0.3	​		114		0.1
Greater than 120 days past due	​		1,255		0.9	​		967		0.7
Total past due	​	$	2,999		2.1	​	$	2,082		1.6

​

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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://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-URI http://asc.fasb.org/subtopic&trid=2196772

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X

- References

No definition available.

+ Details

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