XML 30 R10.htm IDEA: XBRL DOCUMENT

CONSUMER LOANS RECEIVABLE

12 Months Ended

Dec. 31, 2023

4. CONSUMER LOANS RECEIVABLE

Consumer loans receivable, net of allowance for loan losses and deferred financing fees, consisted of the following at December 31, 2023 and 2022:


	2023		2022
Consumer loans receivable	$	159,738	$	142,340
Loan discount and deferred financing fees		(2,473)		(2,501)
Allowance for loan losses		(765)		(830)
Consumer loans receivable, net	$	156,500	$	139,009

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	$	830	$	884
Provision for loan losses		(114)		(243)
Charge offs		49		189
Allowance for loan losses, end of year	$	765	$	830

The following table presents impaired and general reserve for allowance for loan losses at December 31, 2023 and 2022:


	2023		2022
Total consumer loans	$	159,738	$	142,340
Allowance for loan losses	$	765	$	830
Impaired loans individually evaluated for impairment	$	1,565	$	1,610
Specific reserve against impaired loans	$	562	$	612
Other loans collectively evaluated for allowance	$	158,173	$	140,730
General allowance for loan losses	$	203	$	218

A detailed aging of consumer loans receivable that are past due as of December 31, 2023 and 2022 were as follows:


	2023		%	2022		%
Total consumer loans receivable	$	159,738	100.0	$	142,340	100.0
Past due consumer loans:
31 - 60 days past due	$	624	0.4	$	1,150	0.8
61 - 90 days past due		149	0.1		108	0.1
91 - 120 days past due		123	0.1		486	0.3
Greater than 120 days past due		1,449	0.9		1,255	0.9
Total past due	$	2,345	1.5	$	2,999	2.1

We evaluate the credit quality of our consumer loan portfolio based on the aging status of the loan and by payment activity. Loan delinquency reporting generally is based on borrower payment activity relative to the contractual terms of the loan. The following table disaggregates the outstanding principal balance of consumer loans receivable by credit quality indicator based on delinquency status and fiscal year of origination:


	Year of Origination
	2023		2022		2021		2020		2019		Prior		Total		% of Portfolio
< 30 days past due	$	32,584	$	24,951	$	21,705	$	13,550	$	12,857	$	51,747	$	157,394	%	98.5
30-90 days past due		217		89		108		86		—		231		731		0.5
> 90 days past due		110		—		511		104		197		691		1,613		1.0
Total	$	32,911	$	25,040	$	22,324	$	13,740	$	13,054	$	52,669	$	159,738	%	100.0