v3.8.0.1

Loans Receivable | 9 Months Ended
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Sep. 30, 2017
Receivables [Abstract] |
Loans Receivable | LOANS RECEIVABLE The following is a summary of the Company’s loans receivable, net:
(In Thousands) |  | September 30, 2017 |  | December 31, 2016
Credit Card Loans |  | $ | 84,240 |  |  | $ | 64,794 |
Acquired Loans |  | 19,671 |  |  | 33,840 |
Loans Receivable, Gross |  | 103,911 |  |  | 98,634 |
Allowance for Loan Losses |  | (10,462 | ) |  | (6,624 | )
Unamortized Fees |  | (8,347 | ) |  | (7,206 | )
Loans Receivable, Net |  | $ | 85,102 |  |  | $ | 84,804 |
Included in the table below is an aging of the loans receivable, gross balance:
(Dollar Amounts in Thousands) |  |  |  |
Aging Category 1 |  | September 30, 2017 |  | December 31, 2016
30-59 days past due |  | 6.3 | % |  | 6.8 | %
60-89 days past due |  | 3.3 | % |  | 3.2 | %
90 or more days past due |  | 4.5 | % |  | 4.3 | %
Past due loans receivable |  | 14.1 | % |  | 14.3 | %
Current loans receivable |  | 85.9 | % |  | 85.7 | %
Balance of Credit Card Loans on Nonaccrual Status |  | $ | 1,598 |  |  | $ | 1,072 |
Balance of Loans Receivable 90 or More Days Past Due and Still Accruing Interest and Fees |  | $ | — |  |  | $ | — |
1 | This aging is based on the contractual amounts outstanding for each loan as of period end, and does not reflect the fair value adjustments for the Acquired Loans.
The table below presents the components of the allowance for loan losses:
| Nine Months Ended September 30,
(In Thousands) | 2017 |  | 2016
Beginning Balance 1 | $ | 6,624 |  |  | $ | 937 |
Provision for Loan Losses | 15,140 |  |  | 7,461 |
Charge-offs | (11,795 | ) |  | (2,832 | )
Recoveries | 493 |  |  | 23 |
Ending Balance | $ | 10,462 |  |  | $ | 5,589 |
1 | The Company acquired DAMI on October 15, 2015 and recorded $89.1 million of loans receivable as of the acquisition date. No corresponding allowance for loan losses was recorded as the loans receivable were established at fair value in acquisition accounting. The January 1, 2016 balance represents the provision for loan losses incurred from October 15, 2015 to December 31, 2015.

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- Definition The entire disclosure for financing receivables. Examples of financing receivables include, but are not limited to, loans, trade accounts receivables, notes receivable, credit cards, and receivables relating to a lessor's right(s) to payment(s) from a lease other than an operating lease that is recognized as assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -URI http://asc.fasb.org/topic&trid=2196771 + Details
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- References No definition available. + Details
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