Allowance for Loan Losses and Credit Quality Indicators (Tables)

12 Months Ended

Mar. 31, 2013

The following is a summary of the changes in the allowance for loan losses for the years ended March 31, 2013, 2012, and 2011:



	2013			2012		2011
Balance at beginning of period	$	54,507,299		48,354,994		42,896,819
Provision for loan losses	114,322,525			105,705,536		95,908,363
Loan losses	(121,514,261		)	(110,373,643	)	(100,044,691	)
Recoveries	12,471,699			11,025,950		9,475,131
Translation adjustment	193,580			(205,538	)	119,372
Balance at end of period	$	59,980,842		54,507,299		48,354,994

The following is a summary of loans individually and collectively evaluated for impairment for the period indicated:



March 31, 2013	Loans individually evaluated for impairment (impaired loans)			Loans collectively evaluated for impairment		Total
Bankruptcy, gross loans	$	5,910,206		—		5,910,206
91 days or more delinquent, excluding bankruptcy	23,536,170			—		23,536,170
Loans less than 91 days delinquent and not in bankruptcy	—			1,037,605,387		1,037,605,387
Gross loan balance	29,446,376			1,037,605,387		1,067,051,763
Unearned interest and fees	(6,036,018		)	(278,920,177	)	(284,956,195	)
Net loans	23,410,358			758,685,210		782,095,568
Allowance for loan losses	(23,410,358		)	(36,570,484	)	(59,980,842	)
Loans, net of allowance for loan losses	$	—		722,114,726		722,114,726



March 31, 2012	Loans individually evaluated for impairment (impaired loans)			Loans collectively evaluated for impairment		Total
Bankruptcy, gross loans	$	5,646,956		—		5,646,956
91 days or more delinquent, excluding bankruptcy	20,882,907			—		20,882,907
Loans less than 91 days delinquent and not in bankruptcy	—			946,192,901		946,192,901
Gross loan balance	26,529,863			946,192,901		972,722,764
Unearned interest and fees	(7,085,222		)	(250,552,597	)	(257,637,819	)
Net loans	19,444,641			695,640,304		715,084,945
Allowance for loan losses	(19,444,641		)	(35,062,658	)	(54,507,299	)
Loans, net of allowance for loan losses	$	—		660,577,646		660,577,646



March 31, 2011	Loans individually evaluated for impairment (impaired loans)			Loans collectively evaluated for impairment		Total
Bankruptcy, gross loans	$	4,810,026		—		4,810,026
91 days or more delinquent, excluding bankruptcy	16,236,862			—		16,236,862
Loans less than 91 days delinquent and not in bankruptcy	—			853,998,792		853,998,792
Gross loan balance	21,046,888			853,998,792		875,045,680
Unearned interest and fees	(3,649,341		)	(225,324,791	)	(228,974,132	)
Net loans	17,397,547			628,674,001		646,071,548
Allowance for loan losses	(16,829,496		)	(31,525,498	)	(48,354,994	)
Loans, net of allowance for loan losses	$	568,051		597,148,503		597,716,554

The following is an assessment of the credit quality for the period indicated:



	March 31, 2013		March 31, 2012
Credit risk
Consumer loans- non-bankrupt accounts	$	1,061,141,557	967,075,808
Consumer loans- bankrupt accounts	5,910,206		5,646,956
Total gross loans	$	1,067,051,763	972,722,764

Consumer credit exposure
Credit risk profile based on payment activity, performing	$	1,020,337,490	934,095,598
Contractual non-performing, 61 or more days delinquent	46,714,273		38,627,166
Total gross loans	$	1,067,051,763	972,722,764

Delinquent renewals	$	19,799,064	21,013,742

Credit risk profile based on customer type
New borrower	$	130,897,466	110,362,853
Former borrower	90,281,773		79,712,646
Refinance	826,073,460		761,633,523
Delinquent refinance	19,799,064		21,013,742
Total gross loans	$	1,067,051,763	972,722,764

The following is a summary of the past due receivables as of:



	March 31, 2013			March 31, 2012		March 31, 2011
Contractual basis:
30-60 days past due	$	37,674,267		24,853,508		23,705,287
61-90 days past due	22,773,063			17,320,264		16,564,121
91 days or more past due	23,941,210			21,306,902		16,625,070
Total	$	84,388,540		63,480,674		56,894,478

Percentage of period-end gross loans receivable	7.9		%	6.5	%	6.5	%