ALLOWANCE FOR LOAN LOSSES (Tables)

3 Months Ended

Jun. 30, 2016

The following is a summary of the changes in the allowance for loan losses for the periods indicated:



	Three months ended June 30,
	2016			2015
Balance at beginning of period	$	69,565,804		70,437,988
Provision for loan losses	32,014,277			26,228,009
Loan losses	(32,694,842		)	(29,875,432	)
Recoveries ⁽¹⁾	3,722,398			5,374,848
Translation adjustment	(614,577		)	(205,444	)
Balance at end of period	$	71,993,060		71,959,969

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



June 30, 2016	Loans individually evaluated for impairment (impaired loans)			Loans collectively evaluated for impairment		Total
Gross loans in bankruptcy, excluding contractually delinquent	$	4,849,868		—		4,849,868
Gross loans contractually delinquent	46,926,272			—		46,926,272
Loans not contractually delinquent and not in bankruptcy	—			1,035,726,042		1,035,726,042
Gross loan balance	51,776,140			1,035,726,042		1,087,502,182
Unearned interest and fees	(12,655,577		)	(289,436,429	)	(302,092,006	)
Net loans	39,120,563			746,289,613		785,410,176
Allowance for loan losses	(34,476,814		)	(37,516,246	)	(71,993,060	)
Loans, net of allowance for loan losses	$	4,643,749		708,773,367		713,417,116



March 31, 2016	Loans individually evaluated for impairment (impaired loans)			Loans collectively evaluated for impairment		Total
Gross loans in bankruptcy, excluding contractually delinquent	$	4,560,322		—		4,560,322
Gross loans contractually delinquent	46,373,923			—		46,373,923
Loans not contractually delinquent and not in bankruptcy	—			1,016,030,097		1,016,030,097
Gross loan balance	50,934,245			1,016,030,097		1,066,964,342
Unearned interest and fees	(12,726,898		)	(277,932,264	)	(290,659,162	)
Net loans	38,207,347			738,097,833		776,305,180
Allowance for loan losses	(33,840,839		)	(35,724,965	)	(69,565,804	)
Loans, net of allowance for loan losses	$	4,366,508		702,372,868		706,739,376



June 30, 2015	Loans individually evaluated for impairment (impaired loans)			Loans collectively evaluated for impairment		Total
Gross loans in bankruptcy, excluding contractually delinquent	$	4,692,823		—		4,692,823
Gross loans contractually delinquent	47,139,095			—		47,139,095
Loans not contractually delinquent and not in bankruptcy	—			1,098,836,752		1,098,836,752
Gross loan balance	51,831,918			1,098,836,752		1,150,668,670
Unearned interest and fees	(12,820,008		)	(301,349,989	)	(314,169,997	)
Net loans	39,011,910			797,486,763		836,498,673
Allowance for loan losses	(34,518,532		)	(37,441,437	)	(71,959,969	)
Loans, net of allowance for loan losses	$	4,493,378		760,045,326		764,538,704

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



	June 30, 2016		March 31, 2016	June 30, 2015
Credit risk
Consumer loans- non-bankrupt accounts	$	1,081,650,322	1,061,436,900	1,145,206,726
Consumer loans- bankrupt accounts	5,851,860		5,527,442	5,461,944
Total gross loans	$	1,087,502,182	1,066,964,342	1,150,668,670

Consumer credit exposure
Credit risk profile based on payment activity, performing	$	1,011,083,612	991,386,552	1,076,373,327
Contractual non-performing, 60 or more days delinquent ⁽¹⁾	76,418,570		75,577,790	74,295,343
Total gross loans	$	1,087,502,182	1,066,964,342	1,150,668,670

Credit risk profile based on customer type
New borrower	$	137,421,921	141,980,629	141,644,702
Former borrower	121,314,533		111,608,375	126,619,807
Refinance	810,003,062		793,913,695	857,726,825
Delinquent refinance	18,762,666		19,461,643	24,677,336
Total gross loans	$	1,087,502,182	1,066,964,342	1,150,668,670

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



	June 30, 2016			March 31, 2016		June 30, 2015
Contractual basis:
30-59 days past due	$	42,599,938		40,094,824		41,190,574
60-89 days past due	27,460,571			27,082,385		24,566,924
90 days or more past due	48,957,999			48,495,405		49,728,419
Total	$	119,018,508		115,672,614		115,485,917

Percentage of period-end gross loans receivable	10.9		%	10.8	%	10.0	%