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CONSUMER LOANS RECEIVABLE

12 Months Ended

Dec. 31, 2024

CONSUMER LOANS RECEIVABLE

CONSUMER LOANS RECEIVABLE

4. CONSUMER LOANS RECEIVABLE

Consumer loans receivable, net of allowance for loan losses and deferred financing fees, consisted of the following at December 31, 2024, 2023 and 2022:


		As of December 31,			As of December 31,			As of December 31,
		2024			2023			2022
Consumer loans receivable		$	177,289		$	159,738		$	142,340
Loan discount and deferred financing fees			(2,490)			(2,473)			(2,501)
Allowance for loan losses			(694)			(765)			(830)
Consumer loans receivable, net		$	174,105		$	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, 2024 and 2023:


		Year Ended December 31,
		2024			2023
Allowance for loan losses, beginning of period		$	765		$	830
Provision for loan losses			(207)			(114)
Recoveries			136			49
Allowance for loan losses, end of period		$	694		$	765

The following table presents impaired and general reserve for allowance for loan losses at December 31, 2024 and 2023:


		As of December 31,			As of December 31,
		2024			2023
Total consumer loans		$	177,289		$	159,738
Allowance for loan losses		$	694		$	765
Impaired loans individually evaluated for impairment		$	3,582		$	1,565
Specific reserve against impaired loans		$	680		$	562
Other loans collectively evaluated for allowance		$	173,707		$	158,173
General allowance for loan losses		$	14		$	203

A detailed aging of consumer loans receivable that are past due as of December 31, 2024 and 2023 were as follows:


		As of December 31,					As of December 31,
		2024			%		2023			%
Total consumer loans receivable		$	177,289		100.0		$	159,738		100.0
Past due consumer loans:
31 - 60 days past due		$	2,014		1.1		$	624		0.4
61 - 90 days past due			297		0.2			149		0.1
91 - 120 days past due			462		0.3			123		0.1
Greater than 120 days past due			3,120		1.8			1,449		0.9
Total past due		$	5,893		3.4		$	2,345		1.5

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
		2024			2023			2022			2021			2020			Prior			Total			% of Portfolio
< 30 days past due		$	35,453		$	28,611		$	21,954		$	18,698		$	12,087		$	54,594		$	171,397		%	96.7
30-90 days past due			434			367			244			176			—			1,090			2,311			1.3
> 90 days past due			134			487			808			1,254			53			845			3,581			2.0
Total		$	36,021		$	29,465		$	23,006		$	20,128		$	12,140		$	56,529		$	177,289		%	100.0