Finance Receivables, Allowance for Credit Losses, and Credit Quality Information |
Note 3. Finance Receivables, Allowance for Credit
Losses, and Credit Quality Information
Finance
receivables at December 31, 2014 and 2013 consisted of the
following:
|
|
|
|
|
|
|
|
|
|
|
2014 |
|
|
2013 |
|
Branch small
loans
|
|
$ |
128,217 |
|
|
$ |
109,776 |
|
Convenience
checks
|
|
|
191,316 |
|
|
|
179,203 |
|
Large loans
|
|
|
46,147 |
|
|
|
43,311 |
|
Automobile
loans
|
|
|
154,382 |
|
|
|
181,126 |
|
Retail loans
|
|
|
26,130 |
|
|
|
31,268 |
|
|
|
|
|
|
|
|
|
|
Finance
receivables
|
|
$ |
546,192 |
|
|
$ |
544,684 |
|
|
|
|
|
|
|
|
|
|
Changes in
the allowance for credit losses for the years ended
December 31, 2014, 2013, and 2012 are as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2014 |
|
|
2013 |
|
|
2012 |
|
Balance at beginning of
year
|
|
$ |
30,089 |
|
|
$ |
23,616 |
|
|
$ |
19,300 |
|
Provision for credit
losses
|
|
|
69,057 |
|
|
|
39,192 |
|
|
|
27,765 |
|
Charge-offs
|
|
|
(58,236 |
) |
|
|
(33,750 |
) |
|
|
(24,275 |
) |
Charge-offs (180+ policy
change)
|
|
|
(2,106 |
) |
|
|
— |
|
|
|
— |
|
Recoveries
|
|
|
1,707 |
|
|
|
1,031 |
|
|
|
826 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at end of
year
|
|
$ |
40,511 |
|
|
$ |
30,089 |
|
|
$ |
23,616 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
During the
three months ended December 31, 2013, the Company changed its
estimate for the allowance for credit losses based on analysis of
the effective lives for all finance receivable portfolios. The
methodology for estimating the allowance for credit losses changed
from the trailing eight to trailing six month losses on branch
small loans and convenience checks, trailing twelve to trailing ten
month losses on large loans, and trailing twelve to trailing eleven
month losses on retail loans. As a result, the Company decreased
the allowance for credit losses by $3,901, which increased net
income for the year ended December 31, 2013 by $2,428, or
$0.19 diluted earnings per share. The Company recorded an
offsetting $3,700 pre-tax increase to the allowance for credit
losses for qualitative factors on finance receivable growth and
delinquency and loss trends, which decreased net income for the
year ended December 31, 2013 by $2,303, or $0.18 diluted
earnings per share.
In September
2014, the Company changed the time-based element of the charge-off
policy from 365 days contractually delinquent to 180 days. The
updated policy improves consistency and creates better alignment
with industry practice. The policy change generated a one-time
charge-off of $2,106 as of September 2014.
The allowance
for credit losses consists of general and specific components.
Prior to the charge-off policy change in September 2014, the
specific component included a full valuation allowance for finance
receivables that were contractually delinquent 180 days or over.
The $2,106 in charge-offs from the policy change were charged
against this allowance as of September 2014 and, therefore, did not
impact the provision for loan losses.
The general
component of the allowance estimates credit losses for groups of
finance receivables on a collective basis and is based on historic
loss rates (adjusted for qualitative factors). The charge-off
policy change modifies this historic loss rate and the resulting
general reserve. In addition, the Company converted bankrupt
accounts with confirmed plans from the bankruptcy court from
delinquent to current status. The bankrupt accounts continue to be
accounted for as troubled debt restructurings and considered
impaired finance receivables. As a net result of these changes, the
Company increased the provision for credit losses by $318 during
the three months ended September 30, 2014, which decreased net
income for the year ended December 31, 2014 by $199, or $0.02
diluted earnings per share.
The following
is a reconciliation of the allowance for credit losses by product
for the years ended December 31, 2014, 2013, and
2012:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance
January 1,
2014 |
|
|
Provision |
|
|
Charge-
offs |
|
|
Charge-offs
(180+
Policy
Change) |
|
|
Recoveries |
|
|
Balance
December 31,
2014 |
|
|
Finance
Receivables
December 31,
2014 |
|
|
Allowance
as
Percentage
of
Finance
Receivable
December 31,
2014 |
|
Branch small
loans
|
|
$ |
5,166 |
|
|
$ |
13,760 |
|
|
$ |
(11,915 |
) |
|
$ |
(505 |
) |
|
$ |
454 |
|
|
$ |
6,960 |
|
|
$ |
128,217 |
|
|
|
5.4 |
% |
Convenience
checks
|
|
|
10,204 |
|
|
|
36,995 |
|
|
|
(28,782 |
) |
|
|
(627 |
) |
|
|
530 |
|
|
|
18,320 |
|
|
|
191,316 |
|
|
|
9.6 |
% |
Large loans
|
|
|
2,233 |
|
|
|
1,985 |
|
|
|
(2,334 |
) |
|
|
(203 |
) |
|
|
299 |
|
|
|
1,980 |
|
|
|
46,147 |
|
|
|
4.3 |
% |
Automobile
loans
|
|
|
10,827 |
|
|
|
14,259 |
|
|
|
(12,939 |
) |
|
|
(688 |
) |
|
|
317 |
|
|
|
11,776 |
|
|
|
154,382 |
|
|
|
7.6 |
% |
Retail loans
|
|
|
1,659 |
|
|
|
2,058 |
|
|
|
(2,266 |
) |
|
|
(83 |
) |
|
|
107 |
|
|
|
1,475 |
|
|
|
26,130 |
|
|
|
5.6 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
30,089 |
|
|
$ |
69,057 |
|
|
$ |
(58,236 |
) |
|
$ |
(2,106 |
) |
|
$ |
1,707 |
|
|
$ |
40,511 |
|
|
$ |
546,192 |
|
|
|
7.4 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The Company
disaggregated “small loans” into “branch small
loans” and “convenience checks” during the three
months ended December 31, 2014 due to a change in the risk
characteristics of the convenience check portfolio in that
period.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance
January 1,
2013 |
|
|
Provision |
|
|
Charge-
offs |
|
|
Recoveries |
|
|
Balance
December 31,
2013 |
|
|
Finance
Receivables
December 31,
2013 |
|
|
Allowance
as
Percentage
of
Finance
Receivable
December 31,
2013 |
|
Small loans
|
|
$ |
11,369 |
|
|
$ |
22,620 |
|
|
$ |
(19,108 |
) |
|
$ |
489 |
|
|
$ |
15,370 |
|
|
$ |
288,979 |
|
|
|
5.3 |
% |
Large loans
|
|
|
2,753 |
|
|
|
1,788 |
|
|
|
(2,630 |
) |
|
|
322 |
|
|
|
2,233 |
|
|
|
43,311 |
|
|
|
5.2 |
% |
Automobile
loans
|
|
|
8,424 |
|
|
|
12,094 |
|
|
|
(9,875 |
) |
|
|
184 |
|
|
|
10,827 |
|
|
|
181,126 |
|
|
|
6.0 |
% |
Retail loans
|
|
|
1,070 |
|
|
|
2,690 |
|
|
|
(2,137 |
) |
|
|
36 |
|
|
|
1,659 |
|
|
|
31,268 |
|
|
|
5.3 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
23,616 |
|
|
$ |
39,192 |
|
|
$ |
(33,750 |
) |
|
$ |
1,031 |
|
|
$ |
30,089 |
|
|
$ |
544,684 |
|
|
|
5.5 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance
January 1,
2012 |
|
|
Provision |
|
|
Charge-
offs |
|
|
Recoveries |
|
|
Balance
December 31,
2012 |
|
|
Finance
Receivables
December 31,
2012 |
|
|
Allowance
as
Percentage
of
Finance
Receivable
December 31,
2012 |
|
Small loans
|
|
$ |
8,838 |
|
|
$ |
15,225 |
|
|
$ |
(13,125 |
) |
|
$ |
431 |
|
|
$ |
11,369 |
|
|
$ |
188,562 |
|
|
|
6.0 |
% |
Large loans
|
|
|
2,448 |
|
|
|
3,288 |
|
|
|
(3,252 |
) |
|
|
269 |
|
|
|
2,753 |
|
|
|
52,001 |
|
|
|
5.3 |
% |
Automobile
loans
|
|
|
7,618 |
|
|
|
7,888 |
|
|
|
(7,202 |
) |
|
|
120 |
|
|
|
8,424 |
|
|
|
168,604 |
|
|
|
5.0 |
% |
Retail loans
|
|
|
396 |
|
|
|
1,364 |
|
|
|
(696 |
) |
|
|
6 |
|
|
|
1,070 |
|
|
|
30,307 |
|
|
|
3.5 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
19,300 |
|
|
$ |
27,765 |
|
|
$ |
(24,275 |
) |
|
$ |
826 |
|
|
$ |
23,616 |
|
|
$ |
439,474 |
|
|
|
5.4 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Finance
receivables associated with customers in bankruptcy as a percentage
of total finance receivables were 1.1% and 1.3% for the years ended
December 31, 2014 and 2013, respectively. The following is a
summary of the finance receivables associated with customers in
bankruptcy as of December 31, 2014 and 2013:
|
|
|
|
|
|
|
|
|
|
|
2014 |
|
|
2013 |
|
Branch small
loans
|
|
$ |
582 |
|
|
$ |
714 |
|
Convenience
checks
|
|
|
544 |
|
|
|
784 |
|
Large loans
|
|
|
1,260 |
|
|
|
1,677 |
|
Automobile
loans
|
|
|
3,698 |
|
|
|
3,706 |
|
Retail loans
|
|
|
119 |
|
|
|
143 |
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
6,203 |
|
|
$ |
7,024 |
|
|
|
|
|
|
|
|
|
|
The
contractual delinquency of the finance receivable portfolio by
component at December 31, 2014 and 2013 was:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31,
2014 |
|
|
|
Branch
Small |
|
|
Convenience
Check |
|
|
Large |
|
|
Automobile |
|
|
Retail |
|
|
Total |
|
|
|
$ |
|
|
% |
|
|
$ |
|
|
% |
|
|
$ |
|
|
% |
|
|
$ |
|
|
% |
|
|
$ |
|
|
% |
|
|
$ |
|
|
% |
|
Current
|
|
$ |
104,003 |
|
|
|
81.1 |
% |
|
$ |
154,833 |
|
|
|
80.9 |
% |
|
$ |
36,658 |
|
|
|
79.4 |
% |
|
$ |
105,424 |
|
|
|
68.3 |
% |
|
$ |
21,424 |
|
|
|
82.0 |
% |
|
$ |
422,342 |
|
|
|
77.4 |
% |
1 to 29 days
delinquent
|
|
|
13,967 |
|
|
|
10.9 |
% |
|
|
19,318 |
|
|
|
10.1 |
% |
|
|
7,383 |
|
|
|
16.0 |
% |
|
|
38,656 |
|
|
|
25.0 |
% |
|
|
3,390 |
|
|
|
13.0 |
% |
|
|
82,714 |
|
|
|
15.1 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Delinquent
accounts
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
30 to 59 days
|
|
|
3,647 |
|
|
|
2.8 |
% |
|
|
5,134 |
|
|
|
2.7 |
% |
|
|
1,036 |
|
|
|
2.3 |
% |
|
|
5,651 |
|
|
|
3.7 |
% |
|
|
483 |
|
|
|
1.8 |
% |
|
|
15,951 |
|
|
|
2.9 |
% |
60 to 89 days
|
|
|
2,275 |
|
|
|
1.8 |
% |
|
|
4,442 |
|
|
|
2.3 |
% |
|
|
483 |
|
|
|
1.0 |
% |
|
|
2,114 |
|
|
|
1.4 |
% |
|
|
310 |
|
|
|
1.2 |
% |
|
|
9,624 |
|
|
|
1.8 |
% |
90 to 119 days
|
|
|
1,857 |
|
|
|
1.4 |
% |
|
|
3,312 |
|
|
|
1.8 |
% |
|
|
263 |
|
|
|
0.6 |
% |
|
|
1,266 |
|
|
|
0.8 |
% |
|
|
201 |
|
|
|
0.8 |
% |
|
|
6,899 |
|
|
|
1.2 |
% |
120 to 149
days
|
|
|
1,478 |
|
|
|
1.2 |
% |
|
|
2,343 |
|
|
|
1.2 |
% |
|
|
204 |
|
|
|
0.4 |
% |
|
|
758 |
|
|
|
0.5 |
% |
|
|
205 |
|
|
|
0.8 |
% |
|
|
4,988 |
|
|
|
0.9 |
% |
150 to 179
days
|
|
|
990 |
|
|
|
0.8 |
% |
|
|
1,934 |
|
|
|
1.0 |
% |
|
|
120 |
|
|
|
0.3 |
% |
|
|
513 |
|
|
|
0.3 |
% |
|
|
117 |
|
|
|
0.4 |
% |
|
|
3,674 |
|
|
|
0.7 |
% |
180 days and
over
|
|
|
— |
|
|
|
0.0 |
% |
|
|
— |
|
|
|
0.0 |
% |
|
|
— |
|
|
|
0.0 |
% |
|
|
— |
|
|
|
0.0 |
% |
|
|
— |
|
|
|
0.0 |
% |
|
|
— |
|
|
|
0.0 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
delinquency
|
|
$ |
10,247 |
|
|
|
8.0 |
% |
|
$ |
17,165 |
|
|
|
9.0 |
% |
|
$ |
2,106 |
|
|
|
4.6 |
% |
|
$ |
10,302 |
|
|
|
6.7 |
% |
|
$ |
1,316 |
|
|
|
5.0 |
% |
|
$ |
41,136 |
|
|
|
7.5 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total finance
receivables
|
|
$ |
128,217 |
|
|
|
100.0 |
% |
|
$ |
191,316 |
|
|
|
100.0 |
% |
|
$ |
46,147 |
|
|
|
100.0 |
% |
|
$ |
154,382 |
|
|
|
100.0 |
% |
|
$ |
26,130 |
|
|
|
100.0 |
% |
|
$ |
546,192 |
|
|
|
100.0 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Finance receivables in
nonaccrual status
|
|
$ |
4,325 |
|
|
|
3.4 |
% |
|
$ |
7,589 |
|
|
|
4.0 |
% |
|
$ |
587 |
|
|
|
1.3 |
% |
|
$ |
2,537 |
|
|
|
1.6 |
% |
|
$ |
523 |
|
|
|
2.0 |
% |
|
$ |
15,561 |
|
|
|
2.8 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31,
2013 |
|
|
|
Branch
Small |
|
|
Convenience
Check |
|
|
Large |
|
|
Automobile |
|
|
Retail |
|
|
Total |
|
|
|
$ |
|
|
% |
|
|
$ |
|
|
% |
|
|
$ |
|
|
% |
|
|
$ |
|
|
% |
|
|
$ |
|
|
% |
|
|
$ |
|
|
% |
|
Current
|
|
$ |
84,196 |
|
|
|
76.7 |
% |
|
$ |
143,720 |
|
|
|
80.2 |
% |
|
$ |
32,513 |
|
|
|
75.1 |
% |
|
$ |
122,313 |
|
|
|
67.5 |
% |
|
$ |
24,829 |
|
|
|
79.4 |
% |
|
$ |
407,571 |
|
|
|
74.9 |
% |
1 to 29 days
delinquent
|
|
|
15,369 |
|
|
|
14.0 |
% |
|
|
20,056 |
|
|
|
11.2 |
% |
|
|
7,788 |
|
|
|
18.0 |
% |
|
|
45,841 |
|
|
|
25.3 |
% |
|
|
4,249 |
|
|
|
13.6 |
% |
|
|
93,303 |
|
|
|
17.1 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Delinquent
accounts
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
30 to 59 days
|
|
|
3,515 |
|
|
|
3.2 |
% |
|
|
4,515 |
|
|
|
2.5 |
% |
|
|
1,220 |
|
|
|
2.8 |
% |
|
|
7,089 |
|
|
|
4.0 |
% |
|
|
749 |
|
|
|
2.4 |
% |
|
|
17,088 |
|
|
|
3.1 |
% |
60 to 89 days
|
|
|
2,268 |
|
|
|
2.1 |
% |
|
|
3,332 |
|
|
|
1.9 |
% |
|
|
530 |
|
|
|
1.2 |
% |
|
|
2,721 |
|
|
|
1.5 |
% |
|
|
416 |
|
|
|
1.3 |
% |
|
|
9,267 |
|
|
|
1.7 |
% |
90 to 119 days
|
|
|
1,755 |
|
|
|
1.5 |
% |
|
|
3,172 |
|
|
|
1.7 |
% |
|
|
364 |
|
|
|
0.8 |
% |
|
|
1,195 |
|
|
|
0.6 |
% |
|
|
357 |
|
|
|
1.2 |
% |
|
|
6,843 |
|
|
|
1.3 |
% |
120 to 149
days
|
|
|
1,275 |
|
|
|
1.2 |
% |
|
|
2,490 |
|
|
|
1.4 |
% |
|
|
245 |
|
|
|
0.6 |
% |
|
|
807 |
|
|
|
0.4 |
% |
|
|
291 |
|
|
|
0.9 |
% |
|
|
5,108 |
|
|
|
0.9 |
% |
150 to 179
days
|
|
|
984 |
|
|
|
0.9 |
% |
|
|
1,425 |
|
|
|
0.8 |
% |
|
|
259 |
|
|
|
0.6 |
% |
|
|
525 |
|
|
|
0.3 |
% |
|
|
216 |
|
|
|
0.7 |
% |
|
|
3,409 |
|
|
|
0.6 |
% |
180 days and
over
|
|
|
414 |
|
|
|
0.4 |
% |
|
|
493 |
|
|
|
0.3 |
% |
|
|
392 |
|
|
|
0.9 |
% |
|
|
635 |
|
|
|
0.4 |
% |
|
|
161 |
|
|
|
0.5 |
% |
|
|
2,095 |
|
|
|
0.4 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
delinquency
|
|
$ |
10,211 |
|
|
|
9.3 |
% |
|
$ |
15,427 |
|
|
|
8.6 |
% |
|
$ |
3,010 |
|
|
|
6.9 |
% |
|
$ |
12,972 |
|
|
|
7.2 |
% |
|
$ |
2,190 |
|
|
|
7.0 |
% |
|
$ |
43,810 |
|
|
|
8.0 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total finance
receivables
|
|
$ |
109,776 |
|
|
|
100.0 |
% |
|
$ |
179,203 |
|
|
|
100.0 |
% |
|
$ |
43,311 |
|
|
|
100.0 |
% |
|
$ |
181,126 |
|
|
|
100.0 |
% |
|
$ |
31,268 |
|
|
|
100.0 |
% |
|
$ |
544,684 |
|
|
|
100.0 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Finance receivables in
nonaccrual status
|
|
$ |
4,428 |
|
|
|
4.0 |
% |
|
$ |
7,580 |
|
|
|
4.2 |
% |
|
$ |
1,260 |
|
|
|
2.9 |
% |
|
$ |
3,162 |
|
|
|
1.7 |
% |
|
$ |
1,025 |
|
|
|
3.3 |
% |
|
$ |
17,455 |
|
|
|
3.2 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Following is
a summary of finance receivables evaluated for impairment at
December 31, 2014 and 2013:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31,
2014 |
|
|
|
Branch
Small |
|
|
Convenience
Check |
|
|
Large |
|
|
Automobile |
|
|
Retail |
|
|
Total |
|
Accounts 180 or more days
past due, excluding accounts of customers in bankruptcy
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
Customers in Chapter 13
bankruptcy
|
|
|
582 |
|
|
|
544 |
|
|
|
1,260 |
|
|
|
3,698 |
|
|
|
119 |
|
|
|
6,203 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total impaired accounts
specifically evaluated
|
|
$ |
582 |
|
|
$ |
544 |
|
|
$ |
1,260 |
|
|
$ |
3,698 |
|
|
$ |
119 |
|
|
$ |
6,203 |
|
Finance receivables
evaluated collectively
|
|
|
127,635 |
|
|
|
190,772 |
|
|
|
44,887 |
|
|
|
150,684 |
|
|
|
26,011 |
|
|
|
539,989 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Finance receivables
outstanding
|
|
$ |
128,217 |
|
|
$ |
191,316 |
|
|
$ |
46,147 |
|
|
$ |
154,382 |
|
|
$ |
26,130 |
|
|
$ |
546,192 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounts in bankruptcy in
nonaccrual status
|
|
$ |
140 |
|
|
$ |
159 |
|
|
$ |
133 |
|
|
$ |
559 |
|
|
$ |
16 |
|
|
$ |
1,007 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amount of the specific
reserve for impaired accounts
|
|
$ |
143 |
|
|
$ |
165 |
|
|
$ |
309 |
|
|
$ |
981 |
|
|
$ |
18 |
|
|
$ |
1,616 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average impaired
accounts
|
|
$ |
1,097 |
|
|
$ |
1,266 |
|
|
$ |
1,616 |
|
|
$ |
4,134 |
|
|
$ |
235 |
|
|
$ |
8,348 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amount of the general
component of the allowance
|
|
$ |
6,817 |
|
|
$ |
18,155 |
|
|
$ |
1,671 |
|
|
$ |
10,795 |
|
|
$ |
1,457 |
|
|
$ |
38,895 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31,
2013 |
|
|
|
Branch
Small |
|
|
Convenience
Check |
|
|
Large |
|
|
Automobile |
|
|
Retail |
|
|
Total |
|
Accounts 180 or more days
past due, excluding accounts of customers in bankruptcy
|
|
$ |
379 |
|
|
$ |
467 |
|
|
$ |
173 |
|
|
$ |
398 |
|
|
$ |
146 |
|
|
$ |
1,563 |
|
Customers in Chapter 13
bankruptcy
|
|
|
714 |
|
|
|
784 |
|
|
|
1,677 |
|
|
|
3,706 |
|
|
|
143 |
|
|
|
7,024 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total impaired accounts
specifically evaluated
|
|
$ |
1,093 |
|
|
$ |
1,251 |
|
|
$ |
1,850 |
|
|
$ |
4,104 |
|
|
$ |
289 |
|
|
$ |
8,587 |
|
Finance receivables
evaluated collectively
|
|
|
108,683 |
|
|
|
177,952 |
|
|
|
41,461 |
|
|
|
177,022 |
|
|
|
30,979 |
|
|
|
536,097 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Finance receivables
outstanding
|
|
$ |
109,776 |
|
|
$ |
179,203 |
|
|
$ |
43,311 |
|
|
$ |
181,126 |
|
|
$ |
31,268 |
|
|
$ |
544,684 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounts in bankruptcy in
nonaccrual status
|
|
$ |
308 |
|
|
$ |
359 |
|
|
$ |
426 |
|
|
$ |
804 |
|
|
$ |
58 |
|
|
$ |
1,955 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amount of the specific
reserve for impaired accounts
|
|
$ |
574 |
|
|
$ |
672 |
|
|
$ |
756 |
|
|
$ |
1,565 |
|
|
$ |
180 |
|
|
$ |
3,747 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average impaired
accounts
|
|
$ |
994 |
|
|
$ |
1,085 |
|
|
$ |
1,935 |
|
|
$ |
3,831 |
|
|
$ |
273 |
|
|
$ |
8,118 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amount of the general
component of the allowance
|
|
$ |
4,592 |
|
|
$ |
9,532 |
|
|
$ |
1,477 |
|
|
$ |
9,262 |
|
|
$ |
1,479 |
|
|
$ |
26,342 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
It is not
practical to compute the amount of interest earned on impaired
loans.
|