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

Finance receivables for the periods indicated consisted of the following:


In thousands	March 31, 2019		December 31, 2018
Small loans	$	421,712	$	437,662
Large loans		440,707		437,998
Automobile loans		20,511		26,154
Retail loans		29,320		30,429

Finance receivables	$	912,250	$	932,243

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


	March 31, 2019
	Small				Large				Automobile				Retail				Total
In thousands	$		%		$		%		$		%		$		%		$		%
Current	$	346,176		82.1%	$	377,722		85.8%	$	15,196		74.1%	$	23,654		80.7%	$	762,748		83.6%
1 to 29 days past due		40,546		9.6%		38,092		8.6%		3,781		18.4%		3,523		12.0%		85,942		9.4%

Delinquent accounts
30 to 59 days		9,408		2.2%		7,569		1.6%		498		2.4%		591		2.0%		18,066		2.0%
60 to 89 days		7,622		1.8%		5,540		1.3%		237		1.2%		451		1.5%		13,850		1.5%
90 to 119 days		6,463		1.5%		4,567		1.1%		326		1.6%		389		1.4%		11,745		1.3%
120 to 149 days		5,756		1.4%		3,617		0.8%		165		0.8%		364		1.2%		9,902		1.1%
150 to 179 days		5,741		1.4%		3,600		0.8%		308		1.5%		348		1.2%		9,997		1.1%

Total delinquency	$	34,990		8.3%	$	24,893		5.6%	$	1,534		7.5%	$	2,143		7.3%	$	63,560		7.0%

Total finance receivables	$	421,712		100.0%	$	440,707		100.0%	$	20,511		100.0%	$	29,320		100.0%	$	912,250		100.0%

Finance receivables in nonaccrual status	$	19,588		4.6%	$	13,184		3.0%	$	1,073		5.2%	$	1,188		4.1%	$	35,033		3.8%


	December 31, 2018
	Small				Large				Automobile				Retail				Total
In thousands	$		%		$		%		$		%		$		%		$		%
Current	$	347,053		79.3%	$	365,950		83.6%	$	17,767		67.9%	$	23,392		76.9%	$	754,162		80.9%
1 to 29 days past due		49,946		11.4%		45,234		10.3%		6,304		24.1%		4,436		14.6%		105,920		11.4%

Delinquent accounts
30 to 59 days		12,168		2.8%		8,768		2.0%		751		2.9%		842		2.7%		22,529		2.3%
60 to 89 days		9,555		2.2%		6,779		1.5%		421		1.6%		627		2.1%		17,382		1.9%
90 to 119 days		7,202		1.6%		4,407		1.0%		241		0.9%		429		1.4%		12,279		1.3%
120 to 149 days		6,266		1.4%		3,823		0.9%		434		1.7%		367		1.2%		10,890		1.2%
150 to 179 days		5,472		1.3%		3,037		0.7%		236		0.9%		336		1.1%		9,081		1.0%

Total delinquency	$	40,663		9.3%	$	26,814		6.1%	$	2,083		8.0%	$	2,601		8.5%	$	72,161		7.7%

Total finance receivables	$	437,662		100.0%	$	437,998		100.0%	$	26,154		100.0%	$	30,429		100.0%	$	932,243		100.0%

Finance receivables in nonaccrual status	$	22,549		5.2%	$	14,379		3.3%	$	1,359		5.2%	$	1,276		4.2%	$	39,563		4.2%

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


	Three Months Ended March 31,
In thousands	2019			2018
Balance at beginning of period	$	58,300		$	48,910
Provision for credit losses		23,343			19,515
Credit losses		(26,377	)		(22,020	)
Recoveries		1,134			1,345

Balance at end of period	$	56,400		$	47,750

In September 2018, the Company recorded a $3.9 million increase to the allowance for credit losses related to estimated incremental credit losses on customer accounts impacted by hurricanes. As of March 31, 2019, the allowance for credit losses included $2.0 million of remaining incremental hurricane allowance.

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


In thousands	Balance January 1, 2019		Provision		Credit Losses			Recoveries		Balance March 31, 2019		Finance Receivables March 31, 2019		Allowance as Percentage of Finance Receivables March 31, 2019
Small loans	$	30,759	$	13,954	$	(15,488	)	$	568	$	29,793	$	421,712		7.1%
Large loans		23,702		8,452		(9,337	)		400		23,217		440,707		5.3%
Automobile loans		1,893		109		(652	)		120		1,470		20,511		7.2%
Retail loans		1,946		828		(900	)		46		1,920		29,320		6.5%

Total	$	58,300	$	23,343	$	(26,377	)	$	1,134	$	56,400	$	912,250		6.2%


In thousands	Balance January 1, 2018		Provision		Credit Losses			Recoveries		Balance March 31, 2018		Finance Receivables March 31, 2018		Allowance as Percentage of Finance Receivables March 31, 2018
Small loans	$	24,749	$	11,283	$	(13,375	)	$	709	$	23,366	$	360,470		6.5%
Large loans		17,548		6,878		(6,195	)		358		18,589		363,931		5.1%
Automobile loans		4,025		521		(1,467	)		237		3,316		48,704		6.8%
Retail loans		2,588		833		(983	)		41		2,479		31,851		7.8%

Total	$	48,910	$	19,515	$	(22,020	)	$	1,345	$	47,750	$	804,956		5.9%

Impaired finance receivables as a percentage of total finance receivables were 3.2% and 2.9% as of March 31, 2019 and December 31, 2018, respectively. The following is a summary of finance receivables evaluated for impairment for the periods indicated:


	March 31, 2019
In thousands	Small		Large		Automobile		Retail		Total
Impaired receivables specifically evaluated	$	9,780	$	18,241	$	812	$	130	$	28,963
Finance receivables evaluated collectively		411,932		422,466		19,699		29,190		883,287

Finance receivables outstanding	$	421,712	$	440,707	$	20,511	$	29,320	$	912,250

Impaired receivables in nonaccrual status	$	1,091	$	2,266	$	156	$	36	$	3,549

Amount of the specific reserve for impaired accounts	$	4,334	$	6,883	$	378	$	65	$	11,660

Amount of the general component of the allowance	$	25,459	$	16,334	$	1,092	$	1,855	$	44,740


	December 31, 2018
In thousands	Small		Large		Automobile		Retail		Total
Impaired receivables specifically evaluated	$	8,361	$	17,196	$	918	$	110	$	26,585
Finance receivables evaluated collectively		429,301		420,802		25,236		30,319		905,658

Finance receivables outstanding	$	437,662	$	437,998	$	26,154	$	30,429	$	932,243

Impaired receivables in nonaccrual status	$	1,209	$	2,292	$	178	$	37	$	3,716

Amount of the specific reserve for impaired accounts	$	3,791	$	6,860	$	492	$	61	$	11,204

Amount of the general component of the allowance	$	26,968	$	16,842	$	1,401	$	1,885	$	47,096

The average recorded investment in impaired finance receivables and the amount of interest income recognized on impaired loans for the periods indicated are as follows:


	Three Months Ended March 31,
	2019				2018
In thousands	Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
Small loans	$	8,971	$	247	$	5,521	$	251
Large loans		17,495		414		11,142		371
Automobile loans		851		8		1,669		41
Retail loans		120		—		94		4

Total	$	27,437	$	669	$	18,426	$	667