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

9 Months Ended

Sep. 30, 2016

Finance receivables for the periods indicated consisted of the following:


In thousands	September 30, 2016		December 31, 2015
Small loans	$	349,390	$	338,157
Large loans		217,102		146,553
Automobile loans		97,141		116,109
Retail loans		32,516		27,625

Finance receivables	$	696,149	$	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:


	September 30, 2016
	Small					Large					Automobile					Retail					Total
In thousands	$		%			$		%			$		%			$		%			$		%
Current	$	282,836		81.0	%	$	188,364		86.7	%	$	71,230		73.3	%	$	26,982		82.9	%	$	569,412		81.8	%
1 to 29 days past due		36,385		10.4	%		18,596		8.6	%		18,452		19.0	%		3,664		11.3	%		77,097		11.1	%

Delinquent accounts
30 to 59 days		9,845		2.8	%		3,691		1.7	%		3,134		3.2	%		653		2.1	%		17,323		2.4	%
60 to 89 days		6,671		1.9	%		2,121		1.0	%		1,842		1.9	%		332		1.0	%		10,966		1.6	%
90 to 119 days		5,306		1.5	%		1,688		0.8	%		1,024		1.1	%		345		1.0	%		8,363		1.3	%
120 to 149 days		4,440		1.3	%		1,568		0.7	%		891		0.9	%		316		1.0	%		7,215		1.0	%
150 to 179 days		3,907		1.1	%		1,074		0.5	%		568		0.6	%		224		0.7	%		5,773		0.8	%

Total delinquency	$	30,169		8.6	%	$	10,142		4.7	%	$	7,459		7.7	%	$	1,870		5.8	%	$	49,640		7.1	%

Total finance receivables	$	349,390		100.0	%	$	217,102		100.0	%	$	97,141		100.0	%	$	32,516		100.0	%	$	696,149		100.0	%

Finance receivables in nonaccrual status	$	13,653		3.9	%	$	4,330		2.0	%	$	2,483		2.6	%	$	885		2.7	%	$	21,351		3.1	%


	December 31, 2015
	Small					Large					Automobile					Retail					Total
In thousands	$		%			$		%			$		%			$		%			$		%
Current	$	270,635		80.1	%	$	127,374		86.9	%	$	79,878		68.8	%	$	22,704		82.2	%	$	500,591		79.7	%
1 to 29 days past due		37,337		11.0	%		14,234		9.7	%		27,518		23.7	%		3,500		12.7	%		82,589		13.1	%

Delinquent accounts
30 to 59 days		8,841		2.6	%		2,157		1.5	%		4,119		3.5	%		537		1.9	%		15,654		2.5	%
60 to 89 days		6,430		1.9	%		1,153		0.8	%		1,959		1.7	%		316		1.1	%		9,858		1.6	%
90 to 119 days		5,620		1.6	%		682		0.4	%		1,147		1.0	%		247		1.0	%		7,696		1.1	%
120 to 149 days		4,928		1.5	%		574		0.4	%		1,003		0.9	%		173		0.6	%		6,678		1.1	%
150 to 179 days		4,366		1.3	%		379		0.3	%		485		0.4	%		148		0.5	%		5,378		0.9	%

Total delinquency	$	30,185		8.9	%	$	4,945		3.4	%	$	8,713		7.5	%	$	1,421		5.1	%	$	45,264		7.2	%

Total finance receivables	$	338,157		100.0	%	$	146,553		100.0	%	$	116,109		100.0	%	$	27,625		100.0	%	$	628,444		100.0	%

Finance receivables in nonaccrual status	$	14,914		4.4	%	$	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 September 30,						Nine Months Ended September 30,
In thousands	2016			2015			2016			2015
Balance at beginning of period	$	36,200		$	36,171		$	37,452		$	40,511
Provision for credit losses		16,410			14,085			43,587			35,899
Charge-offs		(14,680	)		(13,158	)		(45,576	)		(40,706	)
Recoveries		1,170			688			3,637			2,082

Balance at end of period	$	39,100		$	37,786		$	39,100		$	37,786

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 July 1, 2016		Provision		Charge-offs			Recoveries		Balance September 30, 2016		Finance Receivables September 30, 2016		Allowance as Percentage of Finance Receivable September 30, 2016
Small loans	$	18,752	$	11,103	$	(9,722	)	$	667	$	20,800	$	349,390		6.0	%
Large loans		7,886		4,209		(2,436	)		141		9,800		217,102		4.5	%
Automobile loans		7,851		308		(1,976	)		317		6,500		97,141		6.7	%
Retail loans		1,711		790		(546	)		45		2,000		32,516		6.2	%

Total	$	36,200	$	16,410	$	(14,680	)	$	1,170	$	39,100	$	696,149		5.6	%

In thousands	Balance July 1, 2015		Provision		Charge-offs			Recoveries		Balance September 30, 2015		Finance Receivables September 30, 2015		Allowance as Percentage of Finance Receivable September 30, 2015
Small loans	$	18,343	$	10,843	$	(9,179	)	$	402	$	20,409	$	328,207		6.2	%
Large loans		5,364		1,000		(715	)		84		5,733		119,731		4.8	%
Automobile loans		11,121		1,839		(2,845	)		178		10,293		128,131		8.0	%
Retail loans		1,343		403		(419	)		24		1,351		25,539		5.3	%

Total	$	36,171	$	14,085	$	(13,158	)	$	688	$	37,786	$	601,608		6.3	%

In thousands	Balance January 1, 2016		Provision		Charge-offs			Recoveries		Balance September 30, 2016		Finance Receivables September 30, 2016		Allowance as Percentage of Finance Receivable September 30, 2016
Small loans	$	21,535	$	29,200	$	(32,170	)	$	2,235	$	20,800	$	349,390		6.0	%
Large loans		5,593		9,359		(5,534	)		382		9,800		217,102		4.5	%
Automobile loans		8,828		3,077		(6,272	)		867		6,500		97,141		6.7	%
Retail loans		1,496		1,951		(1,600	)		153		2,000		32,516		6.2	%

Total	$	37,452	$	43,587	$	(45,576	)	$	3,637	$	39,100	$	696,149		5.6	%

In thousands	Balance January 1, 2015		Provision		Charge-offs			Recoveries		Balance September 30, 2015		Finance Receivables September 30, 2015		Allowance as Percentage of Finance Receivable September 30, 2015
Small loans	$	25,280	$	23,284	$	(29,401	)	$	1,246	$	20,409	$	328,207		6.2	%
Large loans		1,980		5,271		(1,719	)		201		5,733		119,731		4.8	%
Automobile loans		11,776		6,273		(8,303	)		547		10,293		128,131		8.0	%
Retail loans		1,475		1,071		(1,283	)		88		1,351		25,539		5.3	%

Total	$	40,511	$	35,899	$	(40,706	)	$	2,082	$	37,786	$	601,608		6.3	%

Schedule of Impaired Finance Receivables

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


In thousands	September 30, 2016		December 31, 2015
Small loans	$	2,084	$	1,009
Large loans		5,322		2,760
Automobile loans		2,526		3,370
Retail loans		115		121

Total	$	10,047	$	7,260

Summary of Finance Receivables Evaluated for Impairment

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


	September 30, 2016
In thousands	Small		Large		Automobile		Retail		Total
Impaired receivables specifically evaluated	$	2,084	$	5,322	$	2,526	$	115	$	10,047
Finance receivables evaluated collectively		347,306		211,780		94,615		32,401		686,102

Finance receivables outstanding	$	349,390	$	217,102	$	97,141	$	32,516	$	696,149

Impaired receivables in nonaccrual status	$	231	$	314	$	191	$	9	$	745

Amount of the specific reserve for impaired accounts	$	487	$	972	$	615	$	21	$	2,095

Amount of the general component of the allowance	$	20,313	$	8,828	$	5,885	$	1,979	$	37,005

	December 31, 2015
In thousands	Small		Large		Automobile		Retail		Total
Impaired receivables specifically evaluated	$	1,009	$	2,760	$	3,370	$	121	$	7,260
Finance receivables evaluated collectively		337,148		143,793		112,739		27,504		621,184

Finance receivables outstanding	$	338,157	$	146,553	$	116,109	$	27,625	$	628,444

Impaired receivables in nonaccrual status	$	204	$	83	$	415	$	17	$	719

Amount of the specific reserve for impaired accounts	$	266	$	560	$	862	$	20	$	1,708

Amount of the general component of the allowance	$	21,269	$	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 September 30,				Nine Months Ended September 30,
In thousands	2016		2015		2016		2015
Small loans	$	1,908	$	1,096	$	1,497	$	1,114
Large loans		4,861		1,340		3,992		1,291
Automobile loans		2,643		3,567		2,879		3,616
Retail loans		119		129		115		126

Total average recorded investment	$	9,531	$	6,132	$	8,483	$	6,147