v3.10.0.1
Loans Receivable
 12 Months Ended
Dec. 31, 2018
Receivables [Abstract]  
Loans Receivables
LOANS RECEIVABLE
The following is a summary of the Company’s loans receivable, net:
 
December 31,
(In Thousands)
2018
 
2017
Credit Card Loans1
$
90,406

 
$
89,728

Acquired Loans2
5,688

 
16,213

Loans Receivable, Gross
96,094

 
105,941

 


 
 
Allowance for Loan Losses
(12,970
)
 
(11,454
)
Unamortized Fees
(6,971
)
 
(8,375
)
Loans Receivable, Net of Allowances and Unamortized Fees
$
76,153

 
$
86,112


1 "Credit Card Loans" are loans originated after the 2015 acquisition of DAMI.
2 "Acquired Loans" are credit card loans the Company purchased in the 2015 acquisition of DAMI.
Included in the table below is an aging of the loans receivable, gross balance:
(Dollar Amounts in Thousands)
December 31,
Aging Category1
2018
 
2017
30-59 Days Past Due
6.9
%
 
7.1
%
60-89 Days Past Due
3.4
%
 
3.6
%
90 or more Days Past Due
4.3
%
 
4.1
%
Past Due Loans Receivable
14.6
%
 
14.8
%
Current Loans Receivable
85.4
%
 
85.2
%
Balance of Loans Receivable on Nonaccrual Status
$
2,110

 
$
2,016

Balance of Loans Receivable Greater Than 90 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:
 
December 31,
(In Thousands)
2018
 
2017
Beginning Balance1
$
11,454

 
$
6,624

Provision for Loan Losses
21,063

 
20,973

Charge-offs
(21,190
)
 
(16,852
)
Recoveries
1,643

 
709

Ending Balance
$
12,970

 
$
11,454

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.