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Finance Receivables (Tables)

6 Months Ended

Sep. 30, 2014

Accounts, Notes, Loans and Financing Receivable [Line Items]

Schedule of finance receivables consisting of automobile finance installment Contracts and Direct Loans


		September 30, 2014				March 31, 2014
Finance receivables, gross contract		$	442,184,095			$	424,344,193
Unearned interest			(132,735,074	)			(124,306,969	)

Finance receivables, net of unearned interest			309,449,021				300,037,224
Unearned dealer discounts			(17,589,609	)			(17,214,269	)

Finance receivables, net of unearned interest and unearned dealer discounts			291,859,412				282,822,955
Allowance for credit losses			(12,677,194	)			(13,479,360	)

Finance receivables, net		$	279,182,218			$	269,343,595

Schedule of an assessment of the credit quality by creditworthiness


		September 30, 2014								September 30, 2013
		Contracts				Direct Loans				Contracts				Direct Loans
Performing accounts		$	419,111,304			$	11,268,405			$	392,402,488			$	10,555,451
Non-performing accounts			8,085,319				101,071				4,696,422				58,850

Total		$	427,196,623			$	11,369,476			$	397,098,910			$	10,614,301
Chapter 13 bankrupt accounts			3,585,641				32,355				2,994,649				9,631

Finance receivables, gross contract		$	430,782,264			$	11,401,831			$	400,093,559			$	10,623,932

Schedule of information regarding delinquency rates


Contracts		Gross Balance Outstanding				31 – 60 days				61 – 90 days				Over 90 days				Total
September 30, 2014		$	427,196,623			$	19,923,081			$	5,241,042			$	2,844,277			$	28,008,400
							4.66	%			1.23	%			0.67	%			6.56	%

September 30, 2013		$	397,098,910			$	15,504,636			$	2,855,032			$	1,841,390			$	20,201,058
							3.91	%			0.72	%			0.46	%			5.09	%

Direct Loans		Gross Balance Outstanding				31 – 60 days				61 – 90 days				Over 90 days				Total
September 30, 2014		$	11,369,476			$	215,570			$	77,219			$	23,852			$	316,641
							1.90	%			0.68	%			0.21	%			2.79	%

September 30, 2013		$	10,614,301			$	104,983			$	37,604			$	21,246			$	163,833
							0.99	%			0.35	%			0.20	%			1.54	%

Contracts

Accounts, Notes, Loans and Financing Receivable [Line Items]

Schedule of reconciliation of the changes in the allowance for credit losses


		Three months ended September 30,								Six months ended September 30,
		2014				2013				2014				2013
Balance at beginning of period		$	12,933,905			$	14,811,173			$	12,889,082			$	16,090,652
Current period provision			5,067,689				3,873,216				9,141,087				6,367,646
Losses absorbed			(7,046,790	)			(6,029,363	)			(11,896,413	)			(10,678,339	)
Recoveries			987,890				823,996				1,808,938				1,699,063

Balance at end of period		$	11,942,694			$	13,479,022			$	11,942,694			$	13,479,022

Direct Loans

Accounts, Notes, Loans and Financing Receivable [Line Items]

Schedule of reconciliation of the changes in the allowance for credit losses


		Three months ended September 30,								Six months ended September 30,
		2014				2013				2014				2013
Balance at beginning of period		$	706,960			$	591,881			$	590,278			$	467,917
Current period provision			86,546				99,888				244,963				247,249
Losses absorbed			(65,015	)			(42,987	)			(119,115	)			(70,573	)
Recoveries			6,009				10,833				18,374				15,022

Balance at end of period		$	734,500			$	659,615			$	734,500			$	659,615