XML 11 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
ASSETS    
Cash and cash equivalents $ 12,944 $ 29,928
Restricted cash and equivalents 159,762 146,620
Finance receivables measured at fair value 2,343,253 1,749,098
Finance receivables 117,686 232,390
Less: Allowance for finance credit losses (27,996) (56,206)
Finance receivables, net 89,690 176,184
Furniture and equipment, net 1,700 1,129
Deferred tax assets, net 14,570 19,575
Accrued interest receivable 776 2,269
Other assets 27,829 34,775
Total Assets 2,650,524 2,159,578
Liabilities    
Accounts payable and accrued expenses 55,982 43,648
Warehouse lines of credit 242,449 105,610
Residual interest financing 49,560 53,682
Securitization trust debt 2,057,100 1,759,972
Subordinated renewable notes 27,249 26,459
Total liabilities 2,432,340 1,989,371
COMMITMENTS AND CONTINGENCIES
Shareholders' Equity    
Common stock, no par value; authorized  75,000,000 shares; 20,607,286 and 21,143,764 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively 31,427 55,298
Retained earnings 188,379 116,531
Accumulated other comprehensive loss (1,622) (1,622)
Total stockholders’ equity 218,184 170,207
Total liability and stockholder’ equity 2,650,524 2,159,578
Preferred Stock [Member]    
Shareholders' Equity    
Preferred Stock, Value, Issued 0 0
Series A Preferred Stock [Member]    
Shareholders' Equity    
Preferred Stock, Value, Issued 0 0
Series B Preferred Stock [Member]    
Shareholders' Equity    
Preferred Stock, Value, Issued $ 0 $ 0