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4. Securitization Trust Debt (Tables)
 9 Months Ended
Sep. 30, 2014
Securitization Trust Debt  
Securitization trust debt

                      Weighted 
                      Average 
   Final  Receivables       Outstanding   Outstanding   Contractual 
   Scheduled  Pledged at       Principal at   Principal at   Interest Rate at 
   Payment  September 30,   Initial   September 30,   December 31,   September 30, 
Series  Date (1)  2014 (2)   Principal   2014   2013   2014 
   (Dollars in thousands)    
Page Five Funding  January 2018  $5,781   $46,058   $3,862   $9,358    9.28% 
CPS 2011-A  April 2018   15,687    104,546    11,665    24,526    2.86% 
CPS 2011-B  September 2018   27,632    111,046    27,235    44,433    4.53% 
CPS 2011-C  March 2019   35,992    119,400    35,773    56,271    4.92% 
CPS 2012-A  June 2019   42,577    155,000    41,703    65,051    3.44% 
CPS 2012-B  September 2019   58,409    141,500    57,490    86,254    3.14% 
CPS 2012-C  December 2019   64,289    147,000    63,376    93,006    2.48% 
CPS 2012-D  March 2020   77,951    160,000    77,234    108,815    2.14% 
CPS 2013-A  June 2020   110,393    185,000    109,937    142,842    2.00% 
CPS 2013-B  September 2020   133,324    205,000    131,358    172,499    2.45% 
CPS 2013-C  December 2020   150,069    205,000    147,671    191,504    2.64% 
CPS 2013-D  March 2021   148,167    183,000    144,868    183,000    2.36% 
CPS 2014-A  June 2021   159,479    180,000    155,381    –    1.98% 
CPS 2014-B  September 2021   192,600    202,500    189,117    –    1.82% 
CPS 2014-C (3)  December 2021   182,936    273,000    273,000    –    2.05% 
      $1,405,286   $2,418,050   $1,469,670   $1,177,559      

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(1)The Final Scheduled Payment Date represents final legal maturity of the securitization trust debt. Securitization trust debt is expected to become due and to be paid prior to those dates, based on amortization of the finance receivables pledged to the trusts. Expected payments, which will depend on the performance of such receivables, as to which there can be no assurance, are $152.6 million in 2014, $559.0 million in 2015, $386.0 million in 2016, $225.3 million in 2017, $108.1 million in 2018 and $38.7 million in 2019.
(2)Includes repossessed assets that are included in Other assets on our Unaudited Condensed Consolidated Balance Sheet.

 

(3)An additional $87.8 million of receivables were pledged to CPS 2014-C in October 2014.