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

12 Months Ended

Dec. 31, 2017

Finance receivables for the periods indicated consisted of the following:


	December 31,
In thousands	2017		2016
Small loans	$	375,772	$	358,471
Large loans		347,218		235,349
Automobile loans		61,423		90,432
Retail loans		33,050		33,523

Finance receivables	$	817,463	$	717,775

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:


	December 31, 2017
	Small					Large					Automobile					Retail					Total
In thousands	$		%			$		%			$		%			$		%			$		%
Current	$	301,114		80.1	%	$	299,467		86.3	%	$	43,140		70.2	%	$	25,730		77.8	%	$	669,451		81.9	%
1 to 29 days past due		39,412		10.5	%		29,211		8.4	%		13,387		21.8	%		4,523		13.7	%		86,533		10.6	%

Delinquent accounts
30 to 59 days		9,738		2.6	%		5,949		1.6	%		2,162		3.6	%		879		2.7	%		18,728		2.2	%
60 to 89 days		8,755		2.3	%		4,757		1.4	%		1,046		1.7	%		739		2.2	%		15,297		1.9	%
90 to 119 days		6,881		1.9	%		3,286		1.0	%		701		1.1	%		471		1.5	%		11,339		1.4	%
120 to 149 days		5,284		1.4	%		2,537		0.7	%		636		1.0	%		408		1.2	%		8,865		1.1	%
150 to 179 days		4,588		1.2	%		2,011		0.6	%		351		0.6	%		300		0.9	%		7,250		0.9	%

Total delinquency	$	35,246		9.4	%	$	18,540		5.3	%	$	4,896		8.0	%	$	2,797		8.5	%	$	61,479		7.5	%

Total finance receivables	$	375,772		100.0	%	$	347,218		100.0	%	$	61,423		100.0	%	$	33,050		100.0	%	$	817,463		100.0	%

Finance receivables in nonaccrual status	$	16,753		4.5	%	$	7,834		2.3	%	$	1,688		2.7	%	$	1,179		3.6	%	$	27,454		3.4	%


	December 31, 2016
	Small					Large					Automobile					Retail					Total
In thousands	$		%			$		%			$		%			$		%			$		%
Current	$	288,983		80.6	%	$	204,063		86.8	%	$	66,936		74.0	%	$	27,220		81.2	%	$	587,202		81.9	%
1 to 29 days past due		36,533		10.2	%		19,172		8.1	%		17,196		19.0	%		4,205		12.5	%		77,106		10.7	%

Delinquent accounts
30 to 59 days		9,408		2.6	%		3,948		1.7	%		2,654		3.0	%		717		2.2	%		16,727		2.3	%
60 to 89 days		7,110		2.0	%		2,920		1.2	%		1,171		1.3	%		440		1.3	%		11,641		1.6	%
90 to 119 days		6,264		1.8	%		2,271		1.0	%		1,110		1.2	%		376		1.1	%		10,021		1.4	%
120 to 149 days		5,424		1.5	%		1,710		0.7	%		743		0.8	%		328		1.0	%		8,205		1.1	%
150 to 179 days		4,749		1.3	%		1,265		0.5	%		622		0.7	%		237		0.7	%		6,873		1.0	%

Total delinquency	$	32,955		9.2	%	$	12,114		5.1	%	$	6,300		7.0	%	$	2,098		6.3	%	$	53,467		7.4	%

Total finance receivables	$	358,471		100.0	%	$	235,349		100.0	%	$	90,432		100.0	%	$	33,523		100.0	%	$	717,775		100.0	%

Finance receivables in nonaccrual status	$	16,437		4.6	%	$	5,246		2.2	%	$	2,475		2.7	%	$	941		2.8	%	$	25,099		3.5	%

Summary of Changes in Allowance for Credit Losses

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


	Year Ended December 31,
In thousands	2017			2016			2015
Balance at beginning of period	$	41,250		$	37,452		$	40,511
Provision for credit losses		77,339			63,014			47,348
Credit losses		(75,880	)		(64,064	)		(55,043	)
Recoveries		6,201			4,848			4,636

Balance at end of period	$	48,910		$	41,250		$	37,452

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 January 1, 2017		Provision		Credit Losses			Recoveries		Balance December 31, 2017		Finance Receivables December 31, 2017		Allowance as Percentage of Finance Receivables December 31, 2017
Small loans	$	21,770	$	45,104	$	(45,612	)	$	3,487	$	24,749	$	375,772		6.6	%
Large loans		11,460		25,024		(20,088	)		1,152		17,548		347,218		5.1	%
Automobile loans		5,910		4,210		(7,424	)		1,329		4,025		61,423		6.6	%
Retail loans		2,110		3,001		(2,756	)		233		2,588		33,050		7.8	%

Total	$	41,250	$	77,339	$	(75,880	)	$	6,201	$	48,910	$	817,463		6.0	%


In thousands	Balance January 1, 2016		Provision		Credit Losses			Recoveries		Balance December 31, 2016		Finance Receivables December 31, 2016		Allowance as Percentage of Finance Receivables December 31, 2016
Small loans	$	21,535	$	41,119	$	(43,797	)	$	2,913	$	21,770	$	358,471		6.1	%
Large loans		5,593		14,261		(8,946	)		552		11,460		235,349		4.9	%
Automobile loans		8,828		4,785		(8,886	)		1,183		5,910		90,432		6.5	%
Retail loans		1,496		2,849		(2,435	)		200		2,110		33,523		6.3	%

Total	$	37,452	$	63,014	$	(64,064	)	$	4,848	$	41,250	$	717,775		5.7	%


In thousands	Balance January 1, 2015		Provision		Credit Losses			Recoveries		Balance December 31, 2015		Finance Receivables December 31, 2015		Allowance as Percentage of Finance Receivables December 31, 2015
Small loans	$	25,280	$	33,428	$	(40,059	)	$	2,886	$	21,535	$	338,157		6.4	%
Large loans		1,980		6,032		(2,762	)		343		5,593		146,553		3.8	%
Automobile loans		11,776		6,285		(10,466	)		1,233		8,828		116,109		7.6	%
Retail loans		1,475		1,603		(1,756	)		174		1,496		27,625		5.4	%

Total	$	40,511	$	47,348	$	(55,043	)	$	4,636	$	37,452	$	628,444		6.0	%

Tabular Disclosure of Impaired Financing Receivables

Impaired finance receivables as a percentage of total finance receivables were 2.1% and 1.6% for the years ended December 31, 2017 and 2016, respectively. The following is a summary of finance receivables evaluated for impairment for the periods indicated:


	December 31, 2017
In thousands	Small		Large		Automobile		Retail		Total
Impaired receivables specifically evaluated	$	5,094	$	10,303	$	1,724	$	109	$	17,230
Finance receivables evaluated collectively		370,678		336,915		59,699		32,941		800,233

Finance receivables outstanding	$	375,772	$	347,218	$	61,423	$	33,050	$	817,463

Impaired receivables in nonaccrual status	$	707	$	931	$	129	$	31	$	1,798

Amount of the specific reserve for impaired accounts	$	1,190	$	2,183	$	373	$	20	$	3,766

Amount of the general component of the allowance	$	23,559	$	15,365	$	3,652	$	2,568	$	45,144


	December 31, 2016
In thousands	Small		Large		Automobile		Retail		Total
Impaired receivables specifically evaluated	$	2,409	$	6,441	$	2,460	$	101	$	11,411
Finance receivables evaluated collectively		356,062		228,908		87,972		33,422		706,364

Finance receivables outstanding	$	358,471	$	235,349	$	90,432	$	33,523	$	717,775

Impaired receivables in nonaccrual status	$	288	$	610	$	175	$	7	$	1,080

Amount of the specific reserve for impaired accounts	$	563	$	1,216	$	576	$	19	$	2,374

Amount of the general component of the allowance	$	21,207	$	10,244	$	5,334	$	2,091	$	38,876

Schedule of Average Recorded Investment in Impaired Finance Receivables

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


	December 31,
In thousands	2017		2016
Small loans	$	3,946	$	1,686
Large loans		8,205		4,478
Automobile loans		2,062		2,801
Retail loans		107		114

Total average recorded investment	$	14,320	$	9,079