Finance Receivables, Credit Quality Information, and Allowance for Credit Losses (Tables)

6 Months Ended

Jun. 30, 2016

Finance receivables for the periods indicated consisted of the following:


In thousands	June 30, 2016		December 31, 2015
Branch small loans	$	162,562	$	157,755
Convenience checks		157,515		180,402
Large loans		194,857		146,553
Automobile loans		100,721		116,109
Retail loans		30,089		27,625

Finance receivables	$	645,744	$	628,444

Contractual Delinquency of the Finance Receivable Portfolio by Component

The contractual delinquency of the finance receivable portfolio by product and aging for the periods indicated are as follows:


	June 30, 2016
	Branch Small					Convenience Check					Large					Automobile					Retail					Total
In thousands	$		%			$		%			$		%			$		%			$		%			$		%
Current	$	129,488		79.6	%	$	129,591		82.3	%	$	170,448		87.5	%	$	72,566		72.1	%	$	24,987		83.0	%	$	527,080		81.7	%
1 to 29 days past due		18,978		11.7	%		15,584		9.9	%		15,950		8.2	%		20,387		20.2	%		3,540		11.8	%		74,439		11.5	%

Delinquent accounts
30 to 59 days		4,755		2.9	%		3,934		2.5	%		3,431		1.7	%		3,943		3.9	%		647		2.1	%		16,710		2.5	%
60 to 89 days		3,204		2.0	%		2,828		1.8	%		1,988		1.0	%		1,667		1.7	%		358		1.2	%		10,045		1.6	%
90 to 119 days		2,400		1.5	%		2,164		1.3	%		1,356		0.7	%		1,099		1.1	%		218		0.8	%		7,237		1.1	%
120 to 149 days		1,846		1.1	%		1,710		1.1	%		887		0.5	%		729		0.7	%		186		0.6	%		5,358		0.8	%
150 to 179 days		1,891		1.2	%		1,704		1.1	%		797		0.4	%		330		0.3	%		153		0.5	%		4,875		0.8	%

Total delinquency	$	14,096		8.7	%	$	12,340		7.8	%	$	8,459		4.3	%	$	7,768		7.7	%	$	1,562		5.2	%	$	44,225		6.8	%

Total finance receivables	$	162,562		100.0	%	$	157,515		100.0	%	$	194,857		100.0	%	$	100,721		100.0	%	$	30,089		100.0	%	$	645,744		100.0	%

Finance receivables in nonaccrual status	$	6,137		3.8	%	$	5,578		3.5	%	$	3,040		1.6	%	$	2,158		2.1	%	$	557		1.9	%	$	17,470		2.7	%


	December 31, 2015
	Branch Small					Convenience Check					Large					Automobile					Retail					Total
In thousands	$		%			$		%			$		%			$		%			$		%			$		%
Current	$	123,525		78.3	%	$	147,110		81.6	%	$	127,374		86.9	%	$	79,878		68.8	%	$	22,704		82.2	%	$	500,591		79.7	%
1 to 29 days past due		19,465		12.3	%		17,872		9.9	%		14,234		9.7	%		27,518		23.7	%		3,500		12.7	%		82,589		13.1	%

Delinquent accounts
30 to 59 days		4,493		2.9	%		4,348		2.4	%		2,157		1.5	%		4,119		3.5	%		537		1.9	%		15,654		2.5	%
60 to 89 days		3,197		2.0	%		3,233		1.8	%		1,153		0.8	%		1,959		1.7	%		316		1.1	%		9,858		1.6	%
90 to 119 days		2,654		1.7	%		2,966		1.6	%		682		0.4	%		1,147		1.0	%		247		1.0	%		7,696		1.1	%
120 to 149 days		2,347		1.5	%		2,581		1.4	%		574		0.4	%		1,003		0.9	%		173		0.6	%		6,678		1.1	%
150 to 179 days		2,074		1.3	%		2,292		1.3	%		379		0.3	%		485		0.4	%		148		0.5	%		5,378		0.9	%

Total delinquency	$	14,765		9.4	%	$	15,420		8.5	%	$	4,945		3.4	%	$	8,713		7.5	%	$	1,421		5.1	%	$	45,264		7.2	%

Total finance receivables	$	157,755		100.0	%	$	180,402		100.0	%	$	146,553		100.0	%	$	116,109		100.0	%	$	27,625		100.0	%	$	628,444		100.0	%

Finance receivables in nonaccrual status	$	7,075		4.5	%	$	7,839		4.3	%	$	1,635		1.1	%	$	2,635		2.3	%	$	568		2.1	%	$	19,752		3.1	%

Summary of Changes in Allowance for Credit Losses

Changes in the allowance for credit losses for the periods indicated are as follows:


	Three Months Ended June 30,						Six Months Ended June 30,
In thousands	2016			2015			2016			2015
Balance at beginning of period	$	36,230		$	36,950		$	37,452		$	40,511
Provision for credit losses		13,386			12,102			27,177			21,814
Charge-offs		(14,702	)		(13,439	)		(30,896	)		(27,548	)
Recoveries		1,286			558			2,467			1,394

Balance at end of period	$	36,200		$	36,171		$	36,200		$	36,171

Reconciliation of Allowance for Credit Losses

The following is a reconciliation of the allowance for credit losses by product for the periods indicated:


In thousands	Balance April 1, 2016		Provision		Charge-offs			Recoveries		Balance June 30, 2016		Finance Receivables June 30, 2016		Allowance as Percentage of Finance Receivable June 30, 2016
Branch small loans	$	9,145	$	4,757	$	(4,928	)	$	323	$	9,297	$	162,562		5.7	%
Convenience checks		11,406		3,189		(5,572	)		432		9,455		157,515		6.0	%
Large loans		6,076		3,492		(1,810	)		128		7,886		194,857		4.0	%
Automobile loans		8,028		1,341		(1,860	)		342		7,851		100,721		7.8	%
Retail loans		1,575		607		(532	)		61		1,711		30,089		5.7	%

Total	$	36,230	$	13,386	$	(14,702	)	$	1,286	$	36,200	$	645,744		5.6	%


In thousands	Balance April 1, 2015		Provision		Charge-offs			Recoveries		Balance June 30, 2015		Finance Receivables June 30, 2015		Allowance as Percentage of Finance Receivable June 30, 2015
Branch small loans	$	6,750	$	3,487	$	(3,230	)	$	131	$	7,138	$	140,161		5.1	%
Convenience checks		13,790		4,322		(7,133	)		226		11,205		174,786		6.4	%
Large loans		3,119		2,693		(492	)		44		5,364		93,203		5.8	%
Automobile loans		11,833		1,314		(2,153	)		127		11,121		139,593		8.0	%
Retail loans		1,458		286		(431	)		30		1,343		24,782		5.4	%

Total	$	36,950	$	12,102	$	(13,439	)	$	558	$	36,171	$	572,525		6.3	%


In thousands	Balance January 1, 2016		Provision		Charge-offs			Recoveries		Balance June 30, 2016		Finance Receivables June 30, 2016		Allowance as Percentage of Finance Receivable June 30, 2016
Branch small loans	$	9,456	$	9,330	$	(10,170	)	$	681	$	9,297	$	162,562		5.7	%
Convenience checks		12,079		8,767		(12,277	)		886		9,455		157,515		6.0	%
Large loans		5,593		5,149		(3,098	)		242		7,886		194,857		4.0	%
Automobile loans		8,828		2,770		(4,297	)		550		7,851		100,721		7.8	%
Retail loans		1,496		1,161		(1,054	)		108		1,711		30,089		5.7	%

Total	$	37,452	$	27,177	$	(30,896	)	$	2,467	$	36,200	$	645,744		5.6	%


In thousands	Balance January 1, 2015		Provision		Charge-offs			Recoveries		Balance June 30, 2015		Finance Receivables June 30, 2015		Allowance as Percentage of Finance Receivable June 30, 2015
Branch small loans	$	6,960	$	6,414	$	(6,563	)	$	327	$	7,138	$	140,161		5.1	%
Convenience checks		18,320		6,029		(13,660	)		516		11,205		174,786		6.4	%
Large loans		1,980		4,270		(1,004	)		118		5,364		93,203		5.8	%
Automobile loans		11,776		4,433		(5,457	)		369		11,121		139,593		8.0	%
Retail loans		1,475		668		(864	)		64		1,343		24,782		5.4	%

Total	$	40,511	$	21,814	$	(27,548	)	$	1,394	$	36,171	$	572,525		6.3	%

Schedule of Impaired Finance Receivables

The following is a summary of impaired finance receivables as of the periods indicated:


In thousands	June 30, 2016		December 31, 2015
Branch small loans	$	1,063	$	524
Convenience checks		731		485
Large loans		4,428		2,760
Automobile loans		2,745		3,370
Retail loans		117		121

Total	$	9,084	$	7,260

Summary of Finance Receivables Evaluated for Impairment

Following is a summary of finance receivables evaluated for impairment for the periods indicated:


	June 30, 2016
In thousands	Branch Small		Convenience Check		Large		Automobile		Retail		Total
Impaired receivables specifically evaluated	$	1,063	$	731	$	4,428	$	2,745	$	117	$	9,084
Finance receivables evaluated collectively		161,499		156,784		190,429		97,976		29,972		636,660

Finance receivables outstanding	$	162,562	$	157,515	$	194,857	$	100,721	$	30,089	$	645,744

Impaired receivables in nonaccrual status	$	91	$	57	$	195	$	191	$	5	$	539

Amount of the specific reserve for impaired accounts	$	250	$	176	$	840	$	678	$	21	$	1,965

Amount of the general component of the allowance	$	9,047	$	9,279	$	7,046	$	7,173	$	1,690	$	34,235


	December 31, 2015
In thousands	Branch Small		Convenience Check		Large		Automobile		Retail		Total
Impaired receivables specifically evaluated	$	524	$	485	$	2,760	$	3,370	$	121	$	7,260
Finance receivables evaluated collectively		157,231		179,917		143,793		112,739		27,504		621,184

Finance receivables outstanding	$	157,755	$	180,402	$	146,553	$	116,109	$	27,625	$	628,444

Impaired receivables in nonaccrual status	$	109	$	95	$	83	$	415	$	17	$	719

Amount of the specific reserve for impaired accounts	$	142	$	124	$	560	$	862	$	20	$	1,708

Amount of the general component of the allowance	$	9,314	$	11,955	$	5,033	$	7,966	$	1,476	$	35,744

Schedule of Average Recorded Investment in Impaired Finance Receivables

Average recorded investment in impaired finance receivables for the periods indicated are as follows:


	Three Months Ended June 30,				Six Months Ended June 30,
In thousands	2016		2015		2016		2015
Branch small loans	$	922	$	613	$	731	$	602
Convenience checks		639		527		539		525
Large loans		3,930		1,276		3,543		1,269
Automobile loans		2,845		3,630		2,994		3,645
Retail loans		111		129		113		125

Total average recorded investment	$	8,447	$	6,175	$	7,920	$	6,166