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DEALER FINANCED RECEIVABLES | 12 Months Ended
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Dec. 31, 2023
DEALER FINANCED RECEIVABLES |
DEALER FINANCED RECEIVABLES | 7. DEALER FINANCED RECEIVABLES Dealer financed receivables include receivables from loans that we make to independent retailers, or dealers, for the purchase of mobile homes so that dealers can then market them for sale to consumers. Dealer financed notes receivable, net of allowance for loan losses and deferred financing fees, consisted of the following at December 31, 2023 and 2022: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2023 | ​ | 2022
Outstanding principal balance | ​ | $ | 32,980 | ​ | $ | 30,049
Loan discount and deferred financing fees | ​ | ​ | — | ​ | ​ | —
Allowance for loan losses | ​ |  | (442) | ​ |  | (13)
Total | ​ | $ | 32,538 | ​ | $ | 30,036
​ The following table presents a detail of the activity in the allowance for loan losses for the years ended December 31, 2023 and 2022: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2023 | ​ | 2022
Allowance for loan losses, beginning of year | ​ | $ | 13 | ​ | $ | —
Provision for loan losses | ​ | ​ | 429 | ​ | ​ | 13
Charge offs (recoveries) | ​ |  | — | ​ |  | —
Allowance for loan losses, end of year | ​ | $ | 442 | ​ | $ | 13
​ The dealer financed loan portfolio was established primarily in late 2022 and 2023 as a result of converting from consignment arrangements with dealers to inventory finance arrangements with dealers. As such, there is relatively little historical data to measure credit quality of the loans in this portfolio.

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- Definition The entire disclosure of dealer financed receivables include receivables from loans that we make to independent retailers, or dealers, for the purchase of mobile homes so that dealers can then market them for sale to consumers. + References No definition available. + Details
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