XML 47 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
ASSETS    
Cash and cash equivalents $ 22,112 $ 12,966
Restricted cash and equivalents 132,284 104,445
Finance receivables 1,155,063 764,343
Less: Allowance for finance credit losses (39,626) (19,594)
Finance receivables, net 1,115,437 744,749
Finance receivables measured at fair value 14,476 59,668
Residual interest in securitizations 854 4,824
Furniture and equipment, net 766 726
Deferred financing costs 11,071 9,140
Deferred tax assets, net 59,215 75,640
Accrued interest receivable 18,670 10,411
Other assets 21,481 15,051
Total 1,396,366 1,037,620
Liabilities    
Accounts payable and accrued expenses 24,839 17,785
Warehouse lines of credit 9,452 21,731
Residual interest financing 19,096 13,773
Debt secured by receivables measured at fair value 13,117 57,107
Securitization trust debt 1,177,559 792,497
Senior secured debt, related party 38,559 50,135
Subordinated renewable notes 19,142 23,281
Total 1,301,764 976,309
COMMITMENTS AND CONTINGENCIES      
Shareholders' Equity    
Common stock, no par value; authorized 75,000,000 shares; 24,015,585 and 19,838,913 shares issued and outstanding at December 31, 2013 and December 31, 2012, respectively 73,422 65,678
Retained earnings 22,275 1,270
Accumulated other comprehensive loss (1,095) (5,637)
Total 94,602 61,311
Total 1,396,366 1,037,620
Series A Preferred Stock [Member]
    
Shareholders' Equity    
Preferred stock, $1 par value; authorized 4,998,130 shares; none issued Series A preferred stock, $1 par value; authorized 5,000,000 shares; none issued Series B preferred stock, $1 par value; authorized 1,870 shares; none issued 0 0
Series B Preferred Stock [Member]
    
Shareholders' Equity    
Preferred stock, $1 par value; authorized 4,998,130 shares; none issued Series A preferred stock, $1 par value; authorized 5,000,000 shares; none issued Series B preferred stock, $1 par value; authorized 1,870 shares; none issued $ 0 $ 0