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Segment Reporting
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Segment Reporting

Note 13. Segment Reporting

The Company has one reportable segment: consumer finance. Consolidated net income is the measure used by the CODM in evaluating the segment profit or loss of the Company. The CODM either reviews or is otherwise regularly provided with amounts for the following measures in the Company’s financial results for the periods indicated:

 

 

 

Three Months Ended March 31,

 

Dollars in thousands

 

2025

 

 

2024

 

Interest income

 

$

126,769

 

 

$

119,896

 

Fee income

 

 

9,784

 

 

 

8,922

 

Insurance income, net

 

 

11,297

 

 

 

10,974

 

Other income

 

 

5,117

 

 

 

4,516

 

Provision for credit losses

 

 

57,992

 

 

 

46,423

 

Share-based compensation expense

 

 

3,501

 

 

 

1,832

 

Depreciation and amortization expense

 

 

2,300

 

 

 

2,246

 

Interest expense

 

 

19,771

 

 

 

17,504

 

Income tax expense

 

 

2,154

 

 

 

4,728

 

As part of the CODM’s review and evaluation process for allocating resources, the CODM is provided with only the consolidated expenses as noted on the face of the Company’s consolidated statements of comprehensive income.

During the process for allocating resources for the Company, the CODM also receives asset information, primarily relating to total assets. Total assets remained constant at $1.9 billion as of both March 31, 2025 and December 31, 2024. The Company’s balance sheet expenditures for long-lived assets either reviewed by the CODM or otherwise regularly provided to the CODM are included in the Company’s Consolidated Statements of Cash Flows. These expenditures are represented as “Purchases of intangible assets,” “Purchases of property and equipment,” and “Operating leases paid” within the referenced statements.