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Loans to Bank Customers (Tables)
 9 Months Ended
Sep. 30, 2022
Loans and Leases Receivable Disclosure [Abstract]  
Schedule of Past Due Financing Receivables
The following table presents total outstanding loans, gross of the related allowance for credit losses, and a summary of the related payment status:
30-59 Days Past Due60-89 Days Past Due90 Days or More Past DueTotal Past DueTotal Current or Less Than 30 Days Past DueTotal Outstanding
(In thousands)
September 30, 2022
Residential$— $— $— $— $4,376 $4,376 
Commercial— — — — 2,567 2,567 
Installment— — — — 1,331 1,331 
Consumer2,565 — — 2,565 11,796 14,361 
Secured credit card635 731 2,065 3,431 3,947 7,378 
Total loans$3,200 $731 $2,065 $5,996 $24,017 $30,013 
Percentage of outstanding10.7 %2.4 %6.9 %20.0 %80.0 %100.0 %
December 31, 2021
Residential$— $— $— $— $3,722 $3,722 
Commercial— — — — 3,392 3,392 
Installment— — 3 3 1,340 1,343 
Consumer2,244 — — 2,244 7,788 10,032 
Secured credit card43 98 853 994 5,342 6,336 
Total loans$2,287 $98 $856 $3,241 $21,584 $24,825 
Percentage of outstanding9.2 %0.4 %3.5 %13.1 %86.9 %100.0 %
Schedule of Nonperforming Loans
The following table presents the carrying value, gross of the related allowance for credit losses, of our nonperforming loans. See Note 2 — Summary of Significant Accounting Policies to the Consolidated Financial Statements of our Annual Report on Form 10-K for the year ended December 31, 2021 for further information on the criteria for classification as nonperforming.
September 30, 2022December 31, 2021
(In thousands)
Residential$163 $195 
Installment101 115 
Secured credit card2,065 853 
Total loans$2,329 $1,163 
Schedule of Financing Receivable Credit Quality Indicators
The table below presents the carrying value, gross of the related allowance for credit losses, of our loans within the primary credit quality indicators related to our loan portfolio:
September 30, 2022December 31, 2021
Non-ClassifiedClassifiedNon-ClassifiedClassified
(In thousands)
Residential$4,147 $229 $3,481 $241 
Commercial2,567 — 3,392 — 
Installment1,230 101 1,228 115 
Consumer14,361 — 10,032 — 
Secured credit card5,313 2,065 5,483 853 
Total loans$27,618 $2,395 $23,616 $1,209 
Schedule of Allowance for Loan Losses
Activity in the allowance for credit losses on our loan portfolio consisted of the following:
Three Months Ended September 30,Nine Months Ended September 30,
2022202120222021
(In thousands)
Balance, beginning of period$10,204 $6,693 $5,555 $757 
Provision for loans7,302 8,585 25,754 18,728 
Loans charged off(8,093)(7,873)(21,896)(12,198)
Recoveries of loans previously charged off— 46 — 164 
Balance, end of period$9,413 $7,451 $9,413 $7,451