Note 3. Finance Receivables, Allowance for Credit losses and Credit Quality Information

Finance receivables consisted of the following:


	June 30, 2013		December 31, 2012
Small installment loans	$	206,650	$	188,221
Large installment loans		44,369		52,498
Automobile purchase loans		178,865		166,889
Retail purchase loans		30,558		29,951

Finance receivables	$	460,442	$	437,559

Changes in the allowance for credit losses for the periods indicated:


	Three Months Ended June 30,						Six Months Ended June 30,
	2013			2012			2013			2012
Balance at beginning of period	$	24,630		$	19,860		$	23,616		$	19,300
Provision for credit losses		8,405			5,908			16,476			11,535
Finance receivables charged off		(7,676	)		(5,210	)		(15,032	)		(10,452	)
Recoveries		260			222			559			397

Balance at end of period	$	25,619		$	20,780		$	25,619		$	20,780

The following is a reconciliation of the allowance for credit losses by product for the three months ended June 30, 2013 and 2012:


	Balance April 1, 2013		Provision		Charge-Offs			Recoveries		Balance June 30, 2013		Finance Receivables June 30, 2013		Allowance as Percentage of Finance Receivables June 30, 2013
Small installment	$	10,966	$	5,791	$	(4,573	)	$	115	$	12,299	$	206,650		6.0	%
Large installment		3,151		21		(638	)		97		2,631		44,369		5.9	%
Automobile purchase		9,214		1,837		(1,921	)		44		9,174		178,865		5.1	%
Retail purchase		1,299		756		(544	)		4		1,515		30,558		5.0	%

Total	$	24,630	$	8,405	$	(7,676	)	$	260	$	25,619	$	460,442		5.6	%


	Balance April 1, 2012		Provision		Charge-Offs			Recoveries		Balance June 30, 2012		Finance Receivables June 30, 2012		Allowance as Percentage of Finance Receivables June 30, 2012
Small installment	$	8,147	$	4,296	$	(2,983	)	$	91	$	9,551	$	120,675		7.9	%
Large installment		3,490		519		(812	)		96		3,293		53,604		6.1	%
Automobile purchase		7,756		985		(1,325	)		35		7,451		150,292		5.0	%
Retail purchase		467		108		(90	)		—		485		20,840		2.3	%

Total	$	19,860	$	5,908	$	(5,210	)	$	222	$	20,780	$	345,411		6.0	%

The following is a reconciliation of the allowance for credit losses by product for the six months ended June 30, 2013 and 2012:


	Balance January 1, 2013		Provision		Charge-Offs			Recoveries		Balance June 30, 2013		Finance Receivables June 30, 2013		Allowance as Percentage of Finance Receivables June 30, 2013
Small installment	$	11,369	$	9,362	$	(8,675	)	$	243	$	12,299	$	206,650		6.0	%
Large installment		2,753		1,115		(1,423	)		186		2,631		44,369		5.9	%
Automobile purchase		8,424		4,598		(3,959	)		111		9,174		178,865		5.1	%
Retail purchase		1,070		1,401		(975	)		19		1,515		30,558		5.0	%

Total	$	23,616	$	16,476	$	(15,032	)	$	559	$	25,619	$	460,442		5.6	%


	Balance January 1, 2012		Provision		Charge-Offs			Recoveries		Balance June 30, 2012		Finance Receivables June 30, 2012		Allowance as Percentage of Finance Receivables June 30, 2012
Small installment	$	8,838	$	6,746	$	(6,246	)	$	213	$	9,551	$	120,675		7.9	%
Large installment		2,448		2,009		(1,285	)		121		3,293		53,604		6.1	%
Automobile purchase		7,618		2,532		(2,761	)		62		7,451		150,292		5.0	%
Retail purchase		396		248		(160	)		1		485		20,840		2.3	%

Total	$	19,300	$	11,535	$	(10,452	)	$	397	$	20,780	$	345,411		6.0	%

Following is a summary of the finance receivables associated with customers in bankruptcy as of the periods indicated:


	Finance Receivables in Bankruptcy as of
	June 30, 2013		December 31, 2012
Small installment	$	690	$	420
Large installment		1,601		1,696
Automobile purchase		3,199		3,071
Retail purchase		94		71

Total	$	5,584	$	5,258

The following is an assessment of the credit quality of finance receivables at June 30, 2013 and December 31, 2012. The contractual delinquency of the finance receivable portfolio by component at June 30, 2013 and December 31, 2012 was:


	June 30, 2013
	Small Installment					Large Installment					Automobile Purchase					Retail Purchase					Total
	$		%			$		%			$		%			$		%			$		%
Current	$	165,076		79.9	%	$	32,321		72.9	%	$	125,085		69.9	%	$	24,249		79.4	%	$	346,731		75.3	%
1 to 29 days delinquent		28,095		13.6	%		8,526		19.2	%		43,781		24.5	%		4,478		14.6	%		84,880		18.4	%

Delinquent accounts
30 to 59 days		4,914		2.4	%		1,405		3.2	%		5,502		3.1	%		692		2.3	%		12,513		2.7	%
60 to 89 days		2,694		1.3	%		645		1.4	%		2,017		1.1	%		427		1.4	%		5,783		1.3	%
90 days and over		5,871		2.8	%		1,472		3.3	%		2,480		1.4	%		712		2.3	%		10,535		2.3	%

Total delinquency	$	13,479		6.5	%	$	3,522		7.9	%	$	9,999		5.6	%	$	1,831		6.0	%	$	28,831		6.3	%

Total finance receivables	$	206,650		100.0	%	$	44,369		100.0	%	$	178,865		100.0	%	$	30,558		100.0	%	$	460,442		100.0	%

Finance receivables in nonaccrual status	$	5,871		2.8	%	$	1,472		3.3	%	$	2,480		1.4	%	$	712		2.3	%	$	10,535		2.3	%


	December 31, 2012
	Small Installment					Large Installment					Automobile Purchase					Retail Purchase					Total
	$		%			$		%			$		%			$		%			$		%
Current	$	149,232		79.3	%	$	38,191		72.7	%	$	116,513		69.9	%	$	23,864		79.7	%	$	327,800		74.9	%
1 to 29 days delinquent		25,285		13.4	%		10,122		19.3	%		40,456		24.2	%		4,361		14.6	%		80,224		18.3	%

Delinquent accounts
30 to 59 days		4,514		2.4	%		1,718		3.3	%		5,403		3.2	%		751		2.5	%		12,386		2.9	%
60 to 89 days		2,996		1.6	%		785		1.5	%		1,935		1.2	%		333		1.1	%		6,049		1.4	%
90 days and over		6,194		3.3	%		1,682		3.2	%		2,582		1.5	%		642		2.1	%		11,100		2.5	%

Total delinquency	$	13,704		7.3	%	$	4,185		8.0	%	$	9,920		5.9	%	$	1,726		5.7	%	$	29,535		6.8	%

Total finance receivables	$	188,221		100.0	%	$	52,498		100.0	%	$	166,889		100.0	%	$	29,951		100.0	%	$	437,559		100.0	%

Finance receivables in nonaccrual status	$	6,194		3.3	%	$	1,682		3.2	%	$	2,582		1.5	%	$	642		2.1	%	$	11,100		2.5	%

Following is a summary of finance receivables evaluated for impairment at June 30, 2013 and December 31, 2012:


	June 30, 2013
	Small Installment		Large Installment		Automobile Purchase		Retail Purchase		Total
Accounts 180 or more days past due, excluding accounts of customers in bankruptcy	$	1,321	$	299	$	468	$	131	$	2,219
Customers in Chapter 13 bankruptcy		690		1,601		3,199		94		5,584

Total impaired accounts specifically evaluated	$	2,011	$	1,900	$	3,667	$	225	$	7,803
Finance receivables evaluated collectively		204,639		42,469		175,198		30,333		452,639

Finance receivables outstanding	$	206,650	$	44,369	$	178,865	$	30,558	$	460,442

Accounts in bankruptcy in nonaccrual status	$	183	$	400	$	589	$	33	$	1,205

Amount of the specific reserve for impaired accounts	$	1,543	$	853	$	1,568	$	159	$	4,123

Average impaired accounts	$	1,761	$	1,959	$	3,604	$	235	$	7,559

Amount of the general component of the reserve	$	10,756	$	1,778	$	7,606	$	1,356	$	21,496


	December 31, 2012
	Small Installment		Large Installment		Automobile Purchase		Retail Purchase		Total
Accounts 180 or more days past due, excluding accounts of customers in bankruptcy	$	725	$	251	$	357	$	83	$	1,416
Customers in Chapter 13 bankruptcy		420		1,696		3,071		71		5,258

Total impaired accounts specifically evaluated	$	1,145	$	1,947	$	3,428	$	154	$	6,674
Finance receivables evaluated collectively		187,076		50,551		163,461		29,797		430,885

Finance receivables outstanding	$	188,221	$	52,498	$	166,889	$	29,951	$	437,559

Accounts in bankruptcy in nonaccrual status	$	97	$	463	$	858	$	33	$	1,451

Amount of the specific reserve for impaired accounts	$	854	$	802	$	1,405	$	109	$	3,170

Average impaired accounts	$	1,192	$	1,775	$	2,909	$	108	$	5,984

Amount of the general component of the reserve	$	10,515	$	1,951	$	7,019	$	961	$	20,446

It is not practical to compute the amount of interest earned on impaired loans.