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&lt;p style="MARGIN-TOP: 18px; MARGIN-BOTTOM: 0px"&gt;&lt;font style="FONT-FAMILY: Times New Roman" size="2"&gt;&lt;b&gt;Note 2. Nature of
Business and Significant Accounting Policies&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px"&gt;&lt;font style="FONT-FAMILY: Times New Roman" size="2"&gt;&lt;b&gt;Nature of
business:&lt;/b&gt;&amp;#xA0;The Company was incorporated and began
operations in 1987. The Company is engaged in the consumer finance
business, offering small installment loans, large installment
loans, automobile purchase loans, retail purchase loans, related
credit insurance, and ancillary products and services. As of
June&amp;#xA0;30, 2013, the Company operates offices in 263 locations
in the states of Alabama (49 offices), Georgia (3 offices), North
Carolina (29 offices), New Mexico (4 offices), Oklahoma (21
offices), South Carolina (70 offices), Tennessee (21 offices), and
Texas (66 offices) under the names Regional Finance, RMC Financial
Services, Anchor Finance, Superior Financial Services, First
Community Credit, AutoCredit Source, RMC Retail, and Sun Finance.
The Company opened or acquired 42 new offices during the six months
ended June&amp;#xA0;30, 2013.&lt;/font&gt;&lt;/p&gt;
&lt;p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"&gt;&lt;font style="FONT-FAMILY: Times New Roman" size="2"&gt;&lt;b&gt;Seasonality:&lt;/b&gt; Our
loan volume and corresponding finance receivables follow seasonal
trends. Demand for our loans is typically highest during the fourth
quarter, largely due to customers borrowing money for holiday
spending. Loan demand has generally been the lowest during the
first quarter, largely due to the timing of income tax refunds.
During the remainder of the year, our loan volume typically grows
from customer loan activity. In addition, we typically generate
higher loan volumes in the second half of the year from our direct
mail campaigns, which are timed to coincide with seasonal consumer
demand. Consequently, we experience significant seasonal
fluctuations in our operating results and cash needs.&lt;/font&gt;&lt;/p&gt;
&lt;p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"&gt;&lt;font style="FONT-FAMILY: Times New Roman" size="2"&gt;The following is a
description of significant accounting policies used in preparing
the financial statements.&lt;/font&gt;&lt;/p&gt;
&lt;p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"&gt;&lt;font style="FONT-FAMILY: Times New Roman" size="2"&gt;&lt;b&gt;Principles of
consolidation:&lt;/b&gt;&amp;#xA0;The consolidated financial statements
include the accounts of Regional Management Corp. and its
wholly-owned subsidiaries. All significant intercompany balances
and transactions have been eliminated in consolidation. The Company
operates through a separate subsidiary in each state.&lt;/font&gt;&lt;/p&gt;
&lt;p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"&gt;&lt;font style="FONT-FAMILY: Times New Roman" size="2"&gt;The accounting and
reporting policies of the Company are in accordance with accounting
principles generally accepted in the United States of America and
conform to general practices within the consumer finance
industry.&lt;/font&gt;&lt;/p&gt;
&lt;p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"&gt;&lt;font style="FONT-FAMILY: Times New Roman" size="2"&gt;&lt;b&gt;Use of
estimates:&lt;/b&gt;&amp;#xA0;The preparation of financial statements in
conformity with accounting principles generally accepted in the
United States of America requires management to make estimates and
assumptions that affect the reported amounts of assets and
liabilities and disclosure of contingent assets and liabilities at
the date of the financial statements and the reported amounts of
revenue and expenses during the reporting period. Actual results
could differ from those estimates.&lt;/font&gt;&lt;/p&gt;
&lt;p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"&gt;&lt;font style="FONT-FAMILY: Times New Roman" size="2"&gt;Material estimates that are
particularly susceptible to change relate to the determination of
the allowance for credit losses, fair value of stock based
compensation, the valuation of deferred tax assets and liabilities,
and allocation of the purchase price to assets acquired in business
combinations.&lt;/font&gt;&lt;/p&gt;
&lt;p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"&gt;&lt;font style="FONT-FAMILY: Times New Roman" size="2"&gt;&lt;b&gt;Reclassifications:&lt;/b&gt;
Certain prior period amounts have been reclassified to conform to
the current presentation. Such reclassifications had no impact on
previously reported net income or stockholders&amp;#x2019;
equity.&lt;/font&gt;&lt;/p&gt;
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