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CONSUMER LOANS RECEIVABLE

12 Months Ended

Dec. 31, 2025

CONSUMER LOANS RECEIVABLE

CONSUMER LOANS RECEIVABLE

5. CONSUMER LOANS RECEIVABLE

Consumer loans receivable, net of allowance for loan losses and deferred financing fees, consisted of the following:


		As of December 31,			As of December 31,			As of December 31,
		2025			2024			2023
Consumer loans receivable		$	203,601		$	177,289		$	159,738
Loan discount and deferred financing fees			(2,379)			(2,490)			(2,473)
Allowance for loan losses			(2,408)			(694)			(765)
Consumer loans receivable, net		$	198,814		$	174,105		$	156,500

The following table presents a detail of the activity in the allowance for loan losses for:


		Year Ended December 31,
		2025			2024
Allowance for loan losses, beginning of period		$	694		$	765
Provision for loan losses			2,854			(207)
Recoveries/(Charge-offs)			(1,140)			136
Allowance for loan losses, end of period		$	2,408		$	694

Consumer loans receivable tables include 126 purchased loans from the recent AmeriCasa acquisition at a net value of $9.0 million as of December 31, 2025.

A detailed aging of consumer loans receivable that are past due as of the following:


		As of December 31,					As of December 31,
		2025			%		2024			%
Total consumer loans receivable		$	203,601		100.0		$	177,289		100.0
Past due consumer loans:
31 - 60 days past due		$	1,690		0.8		$	2,014		1.1
61 - 90 days past due			96		—			297		0.2
91 - 120 days past due			447		0.2			462		0.3
Greater than 120 days past due			3,209		1.6			3,120		1.8
Total past due		$	5,442		2.6		$	5,893		3.4

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
		2025			2024			2023			2022			2021			Prior			Total			% of Portfolio
< 30 days past due		$	48,852		$	30,497		$	24,894		$	19,680		$	17,283		$	56,953		$	198,159		%	97.3
30-90 days past due			680			371			539			115			28			53			1,786			0.9
> 90 days past due			72			580			565			805			1,009			625			3,656			1.8
Total		$	49,604		$	31,448		$	25,998		$	20,600		$	18,320		$	57,631		$	203,601		%	100.0