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Allowance for Credit Losses and Credit Quality Information (Tables)
 12 Months Ended
Mar. 31, 2023
Receivables [Abstract]  
Summary of gross loan
The following table sets forth information about our loan products for fiscal 2023:
Minimum OriginationMaximum OriginationMinimum Term
(Months)		Maximum Term
(Months)
Small loans$500 $2,450 531
Large loans2,500 33,450 1060
Tax advance loans500 5,000 88


Gross loans receivable at March 31, 2023 and 2022 consisted of the following:
20232022
Small loans$580,107,889 $727,852,627 
Large loans807,345,625 789,112,912 
Tax advance loans2,562,054 5,823,321 
Total gross loans$1,390,015,568 $1,522,788,860 
The following is a summary of gross loans receivable by Customer Tenure as of:
Customer TenureMarch 31, 2023March 31, 2022
0 to 5 months$81,803,668 $198,740,475 
6 to 17 months133,650,188 133,665,566 
18 to 35 months135,396,187 204,940,323 
36 to 59 months244,414,255 214,956,857 
60+ months792,189,216 764,662,319 
Tax advance loans2,562,054 5,823,320 
Total gross loans$1,390,015,568 $1,522,788,860 
Assessment of the credit quality
The following tables provide a breakdown of the Company’s gross loans receivable by current payment performance on a recency basis and year of origination at March 31, 2023:

Term Loans By Origination
LoansUp to
1
Year Ago		Between
1 and 2
Years Ago		Between
2 and 3
Years Ago		Between
3 and 4
Years Ago		Between
4 and 5
Years Ago		More than
5
Years Ago		Total
Current$1,200,504,088 $62,076,656 $1,998,218 $148,662 $23,046 $6,863 $1,264,757,533 
30 - 60 days past due40,791,746 4,689,867 160,956 42,700 8,504 2,988 45,696,761 
61 - 90 days past due26,319,250 2,572,733 92,088 40,281 884 — 29,025,236 
91 or more days past due41,832,821 5,944,645 160,361 29,494 4,430 2,233 47,973,984 
Total$1,309,447,905 $75,283,901 $2,411,623 $261,137 $36,864 $12,084 $1,387,453,514 
Term Loans By Origination
Tax advance loansUp to
1
Year Ago		Between
1 and 2
Years Ago		Between
2 and 3
Years Ago		Between
3 and 4
Years Ago		Between
4 and 5
Years Ago		More than
5
Years Ago		Total
Current$1,932,607 $3,524 $— $— $— $— $1,936,131 
30 - 60 days past due609,844 736 — — — — 610,580 
61 - 90 days past due— 4,845 — — — — 4,845 
91 or more days past due409 10,089 — — — — 10,498 
Total$2,542,860 $19,194 $— $— $— $— $2,562,054 
Total gross loans$1,390,015,568 
The following tables provide a breakdown of the Company’s gross loans receivable by current payment performance on a recency basis and year of origination at March 31, 2022:

Term Loans By Origination
LoansUp to
1
Year Ago		Between
1 and 2
Years Ago		Between
2 and 3
Years Ago		Between
3 and 4
Years Ago		Between
4 and 5
Years Ago		More than
5
Years Ago		Total
Current$1,322,332,136 $34,273,199 $2,665,078 $152,105 $21,539 $3,972 $1,359,448,029 
30 - 60 days past due49,517,859 2,114,463 247,291 28,011 2,664 — 51,910,288 
61 - 90 days past due36,707,960 989,136 130,763 13,031 5,594 — 37,846,484 
91 or more days past due64,238,626 3,239,753 248,596 24,377 5,386 4,001 67,760,739 
Total$1,472,796,581 $40,616,551 $3,291,728 $217,524 $35,183 $7,973 $1,516,965,540 
Term Loans By Origination
Tax advance loansUp to
1
Year Ago		Between
1 and 2
Years Ago		Between
2 and 3
Years Ago		Between
3 and 4
Years Ago		Between
4 and 5
Years Ago		More than
5
Years Ago		Total
Current$4,737,741 $7,033 $— $— $— $— $4,744,774 
30 - 60 days past due1,060,811 1,334 — — — — 1,062,145 
61 - 90 days past due— 432 — — — — 432 
91 or more days past due2,922 13,047 — — — — 15,969 
Total$5,801,474 $21,846 $— $— $— $— $5,823,320 
Total gross loans$1,522,788,860 

The following tables provide a breakdown of the Company’s gross loans receivable by current payment performance on a contractual basis and year of origination at March 31, 2023:
Term Loans By Origination
LoansUp to
1
Year Ago		Between
1 and 2
Years Ago		Between
2 and 3
Years Ago		Between
3 and 4
Years Ago		Between
4 and 5
Years Ago		More than
5
Years Ago		Total
Current$1,174,237,761 $53,652,011 $1,554,144 $64,233 $5,142 $1,491 $1,229,514,782 
30 - 60 days past due47,346,331 3,661,493 77,857 6,714 — — 51,092,395 
61 - 90 days past due33,012,804 3,030,052 44,129 7,643 — — 36,094,628 
91 or more days past due54,851,010 14,940,345 735,493 182,547 31,721 10,593 70,751,709 
Total$1,309,447,906 $75,283,901 $2,411,623 $261,137 $36,863 $12,084 $1,387,453,514 
Term Loans By Origination
Tax advance loansUp to
1
Year Ago		Between
1 and 2
Years Ago		Between
2 and 3
Years Ago		Between
3 and 4
Years Ago		Between
4 and 5
Years Ago		More than
5
Years Ago		Total
Current$1,932,607 $— $— $— $— $— $1,932,607 
30 - 60 days past due609,844 — — — — — 609,844 
61 - 90 days past due— — — — — — — 
91 or more days past due409 19,194 — — — — 19,603 
Total$2,542,860 $19,194 $— $— $— $— $2,562,054 
Total gross loans$1,390,015,568 

The following tables provide a breakdown of the Company’s gross loans receivable by current payment performance on a contractual basis and year of origination at March 31, 2022:
Term Loans By Origination
LoansUp to
1
Year Ago		Between
1 and 2
Years Ago		Between
2 and 3
Years Ago		Between
3 and 4
Years Ago		Between
4 and 5
Years Ago		More than
5
Years Ago		Total
Current$1,290,448,366 $29,913,995 $1,994,474 $68,836 $9,586 $699 $1,322,435,956 
30 - 60 days past due57,225,953 1,508,794 91,118 5,519 — — 58,831,384 
61 - 90 days past due45,276,797 1,271,187 96,233 986 — — 46,645,203 
91 or more days past due79,845,465 7,922,574 1,109,903 142,183 25,598 7,274 89,052,997 
Total$1,472,796,581 $40,616,550 $3,291,728 $217,524 $35,184 $7,973 $1,516,965,540 
Term Loans By Origination
Tax advance loansUp to
1
Year Ago		Between
1 and 2
Years Ago		Between
2 and 3
Years Ago		Between
3 and 4
Years Ago		Between
4 and 5
Years Ago		More than
5
Years Ago		Total
Current$4,737,741 $— $— $— $— $— $4,737,741 
30 - 60 days past due1,060,329 — — — — — 1,060,329 
61 - 90 days past due— — — — — — — 
91 or more days past due3,404 21,846 — — — — 25,250 
Total$5,801,474 $21,846 $— $— $— $— $5,823,320 
Total gross loans$1,522,788,860 
Summary of the past due receivables
The following table is an aging analysis on a recency basis at amortized cost of the Company’s gross loans receivable at March 31, 2023:
Days Past Due - Recency Basis
Customer TenureCurrent30 - 6061 - 90Over 90Total Past DueTotal Loans
0 to 5 months$64,615,315 $5,451,276 $4,407,751 $7,329,327 $17,188,354 $81,803,669 
6 to 17 months113,946,833 6,527,355 4,655,441 8,520,559 19,703,355 133,650,188 
18 to 35 months120,125,820 5,336,994 3,727,331 6,206,041 15,270,366 135,396,186 
36 to 59 months217,851,608 7,871,872 4,713,501 7,525,438 20,110,811 237,962,419 
60+ months748,217,957 20,509,264 11,521,212 18,392,619 50,423,095 798,641,052 
Tax advance loans1,936,131 610,580 4,845 10,498 625,923 2,562,054 
Total gross loans1,266,693,664 46,307,341 29,030,081 47,984,482 123,321,904 1,390,015,568 
Unearned interest, insurance and fees(343,255,876)(12,548,627)(7,866,737)(13,003,109)(33,418,473)(376,674,349)
Total net loans$923,437,788 $33,758,714 $21,163,344 $34,981,373 $89,903,431 $1,013,341,219 
Percentage of period-end gross loans receivable3.3%2.1%3.5%8.9%

The following table is an aging analysis on a recency basis at amortized cost of the Company’s gross loans receivable at March 31, 2022:
Days Past Due - Recency Basis
Customer TenureCurrent30 - 6061 - 90Over 90Total Past DueTotal Loans
0 to 5 months$145,168,588 $13,450,365 $14,196,717 $25,924,805 $53,571,887 $198,740,475 
6 to 17 months116,065,794 5,548,699 4,148,743 7,902,330 17,599,772 133,665,566 
18 to 35 months183,697,553 7,220,814 4,903,686 9,118,270 21,242,770 204,940,323 
36 to 59 months193,820,229 5,951,049 3,452,087 5,712,662 15,115,798 208,936,027 
60+ months720,695,865 19,739,361 11,145,251 19,102,672 49,987,284 770,683,149 
Tax advance loans4,744,774 1,062,145 432 15,969 1,078,546 5,823,320 
Total gross loans1,364,192,803 52,972,433 37,846,916 67,776,708 158,596,057 1,522,788,860 
Unearned interest, insurance and fees(361,055,818)(14,020,016)(10,016,802)(17,938,208)(41,975,027)(403,030,844)
Total net loans$1,003,136,985 $38,952,417 $27,830,114 $49,838,500 $116,621,030 $1,119,758,016 
Percentage of period-end gross loans receivable3.5%2.5%4.5%10.4%

The following table provides a breakdown of the Company’s gross loans receivable by current payment performance on a contractual basis and year of origination at March 31, 2023:

Days Past Due - Contractual Basis
LoansCurrent30 - 6061 - 90Over 90Total Past DueTotal Loans
0 to 5 months$61,850,144 $5,320,659 $4,864,498 $9,768,369 $19,953,526 $81,803,670 
6 to 17 months109,694,389 6,892,610 5,613,468 11,449,721 23,955,799 133,650,188 
18 to 35 months115,711,781 5,721,694 4,499,010 9,463,701 19,684,405 135,396,186 
36 to 59 months212,104,582 8,751,303 5,917,982 11,188,551 25,857,836 237,962,418 
60+ months730,153,886 24,406,129 15,199,670 28,881,367 68,487,166 798,641,052 
Tax advance loans1,932,607 609,844 — 19,603 629,447 2,562,054 
Total gross loans$1,231,447,389 $51,702,239 $36,094,628 $70,771,312 $158,568,179 $1,390,015,568 
Unearned interest, insurance and fees$(333,704,639)$(14,010,568)$(9,781,128)$(19,178,014)$(42,969,710)$(376,674,349)
Total net loans$897,742,750 $37,691,671 $26,313,500 $51,593,298 $115,598,469 $1,013,341,219 
Percentage of period-end gross loans receivable3.7%2.6%5.1%11.4%

The following table provides a breakdown of the Company’s gross loans receivable by current payment performance on a contractual basis and year of origination at March 31, 2022:
Days Past Due - Contractual Basis
LoansCurrent30 - 6061 - 90Over 90Total Past DueTotal Loans
0 to 5 months$140,570,461 $14,090,712 $15,380,836 $28,698,466 $58,170,014 $198,740,475 
6 to 17 months112,465,841 6,032,347 4,922,939 10,244,439 21,199,725 133,665,566 
18 to 35 months177,565,328 8,067,815 6,273,351 13,033,829 27,374,995 204,940,323 
36 to 59 months188,849,569 6,994,891 4,624,136 8,467,431 20,086,458 208,936,027 
60+ months702,984,756 23,645,619 15,443,941 28,608,833 67,698,393 770,683,149 
Tax advance loans4,737,742 1,060,329 — 25,249 1,085,578 5,823,320 
Total gross loans$1,327,173,697 $59,891,713 $46,645,203 $89,078,247 $195,615,163 $1,522,788,860 
Unearned interest, insurance and fees$(351,258,109)$(15,851,316)$(12,345,412)$(23,576,007)$(51,772,735)$(403,030,844)
Total net loans$975,915,588 $44,040,397 $34,299,791 $65,502,240 $143,842,428 $1,119,758,016 
Percentage of period-end gross loans receivable3.9%3.1%5.8%12.8%
Financing Receivable, Nonaccrual
The following table presents the amortized cost basis of loans on nonaccrual status as of March 31, 2023 and March 31, 2022, as well as interest income recognized on nonaccrual loans for the years ended March 31, 2023, 2022, and 2021:

Nonaccrual Loans Receivable
Customer TenureAs of March 31, 2023As of March 31, 2022Interest Income
Recognized
Fiscal 2023		Interest Income
Recognized
Fiscal 2022		Interest Income
Recognized
Fiscal 2021
0 to 5 months$15,781,494 $45,227,510 $2,032,098 $1,485,356 $1,705,371 
6 to 17 months18,288,714 15,879,250 1,815,167 1,662,082 2,433,144 
18 to 35 months15,551,806 20,745,106 2,385,356 2,292,776 2,195,160 
36 to 59 months19,175,410 14,232,388 2,326,640 1,602,011 1,609,059 
60+ months49,855,801 47,565,819 7,047,726 5,615,521 6,747,722 
Tax advance loans19,603 25,249 — — — 
Unearned interest, insurance and fees(32,158,640)(38,026,011)— — — 
Total$86,514,188 $105,649,311 $15,606,987 $12,657,746 $14,690,456 
Summary of changes in the allowance for loan losses The following is a summary of the changes in the allowance for credit losses for the years ended March 31, 2023, 2022, and 2021:
 202320222021
Balance at beginning of period$134,242,862 $91,722,288 $96,487,856 
Impact of ASC 326 adoption— — 28,628,368 
Provision for credit losses259,463,199 186,207,341 86,244,714 
Charge-offs1(302,380,145)(164,747,552)(141,270,125)
Recoveries234,226,817 21,060,785 21,631,475 
Net charge-off(268,153,328)(143,686,767)(119,638,650)
Balance at end of period$125,552,733 $134,242,862 $91,722,288