Finance Receivables, Credit Quality Information, and Allowance for Credit Losses (Tables)
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12 Months Ended |
Dec. 31, 2019 |
Receivables [Abstract] |
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Summary of Finance Receivables |
Finance receivables for the periods indicated consisted of the following: | | | | | | | | | | | December 31, | | In thousands | | 2019 | | | 2018 | | | | $ | 462,499 | | | $ | 437,662 | | | | | 608,608 | | | | 437,998 | | | | | 9,623 | | | | 26,154 | | | | | 24,083 | | | | 30,429 | | | | | | | | | | | | | $ | 1,104,813 | | | $ | 932,243 | | | | | | | | | | |
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Contractual Delinquency of the Finance Receivable Portfolio by Component |
The contractual delinquency of the finance receivable portfolio by product and aging for the periods indicated are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2019 | | | | Small | | | Large | | | Automobile | | | Retail | | | Total | | In thousands | | $ | | | % | | | $ | | | % | | | $ | | | % | | | $ | | | % | | | $ | | | % | | | | $ | 372,921 | | | | 80.7 | % | | $ | 523,936 | | | | 86.1 | % | | $ | 6,906 | | | | 71.8 | % | | $ | 18,093 | | | | 75.1 | % | | $ | 921,856 | | | | 83.4 | % | | | | 47,313 | | | | 10.2 | % | | | 51,118 | | | | 8.4 | % | | | 1,963 | | | | 20.4 | % | | | 3,531 | | | | 14.7 | % | | | 103,925 | | | | 9.4 | % | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 12,666 | | | | 2.8 | % | | | 11,351 | | | | 1.9 | % | | | 240 | | | | 2.5 | % | | | 853 | | | | 3.6 | % | | | 25,110 | | | | 2.3 | % | | | | 9,889 | | | | 2.1 | % | | | 8,103 | | | | 1.3 | % | | | 110 | | | | 1.1 | % | | | 563 | | | | 2.3 | % | | | 18,665 | | | | 1.7 | % | | | | 7,500 | | | | 1.6 | % | | | 5,832 | | | | 1.0 | % | | | 129 | | | | 1.4 | % | | | 375 | | | | 1.5 | % | | | 13,836 | | | | 1.3 | % | | | | 6,570 | | | | 1.4 | % | | | 4,541 | | | | 0.7 | % | | | 127 | | | | 1.3 | % | | | 357 | | | | 1.5 | % | | | 11,595 | | | | 1.0 | % | | | | 5,640 | | | | 1.2 | % | | | 3,727 | | | | 0.6 | % | | | 148 | | | | 1.5 | % | | | 311 | | | | 1.3 | % | | | 9,826 | | | | 0.9 | % | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | $ | 42,265 | | | | 9.1 | % | | $ | 33,554 | | | | 5.5 | % | | $ | 754 | | | | 9.5 | % | | $ | 2,459 | | | | 10.2 | % | | $ | 79,032 | | | | 7.2 | % | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total finance receivables | | $ | 462,499 | | | | 100.0 | % | | $ | 608,608 | | | | 100.0 | % | | $ | 9,623 | | | | 100.0 | % | | $ | 24,083 | | | | 100.0 | % | | $ | 1,104,813 | | | | 100.0 | % | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Finance receivables in nonaccrual status | | $ | 22,718 | | | | 4.9 | % | | $ | 17,739 | | | | 2.9 | % | | $ | 590 | | | | 6.1 | % | | $ | 1,186 | | | | 4.9 | % | | $ | 42,233 | | | | 3.8 | % | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Small | | | Large | | | Automobile | | | Retail | | | Total | | In thousands | | $ | | | % | | | $ | | | % | | | $ | | | % | | | $ | | | % | | | $ | | | % | | | | $ | 347,053 | | | | 79.3 | % | | $ | 365,950 | | | | 83.6 | % | | $ | 17,767 | | | | 67.9 | % | | $ | 23,392 | | | | 76.9 | % | | $ | 754,162 | | | | 80.9 | % | | | | 49,946 | | | | 11.4 | % | | | 45,234 | | | | 10.3 | % | | | 6,304 | | | | 24.1 | % | | | 4,436 | | | | 14.6 | % | | | 105,920 | | | | 11.4 | % | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 12,168 | | | | 2.8 | % | | | 8,768 | | | | 2.0 | % | | | 751 | | | | 2.9 | % | | | 842 | | | | 2.7 | % | | | 22,529 | | | | 2.3 | % | | | | 9,555 | | | | 2.2 | % | | | 6,779 | | | | 1.5 | % | | | 421 | | | | 1.6 | % | | | 627 | | | | 2.1 | % | | | 17,382 | | | | 1.9 | % | | | | 7,202 | | | | 1.6 | % | | | 4,407 | | | | 1.0 | % | | | 241 | | | | 0.9 | % | | | 429 | | | | 1.4 | % | | | 12,279 | | | | 1.3 | % | | | | 6,266 | | | | 1.4 | % | | | 3,823 | | | | 0.9 | % | | | 434 | | | | 1.7 | % | | | 367 | | | | 1.2 | % | | | 10,890 | | | | 1.2 | % | | | | 5,472 | | | | 1.3 | % | | | 3,037 | | | | 0.7 | % | | | 236 | | | | 0.9 | % | | | 336 | | | | 1.1 | % | | | 9,081 | | | | 1.0 | % | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | $ | 40,663 | | | | 9.3 | % | | $ | 26,814 | | | | 6.1 | % | | $ | 2,083 | | | | 8.0 | % | | $ | 2,601 | | | | 8.5 | % | | $ | 72,161 | | | | 7.7 | % | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total finance receivables | | $ | 437,662 | | | | 100.0 | % | | $ | 437,998 | | | | 100.0 | % | | $ | 26,154 | | | | 100.0 | % | | $ | 30,429 | | | | 100.0 | % | | $ | 932,243 | | | | 100.0 | % | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Finance receivables in nonaccrual status | | $ | 22,549 | | | | 5.2 | % | | $ | 14,379 | | | | 3.3 | % | | $ | 1,359 | | | | 5.2 | % | | $ | 1,276 | | | | 4.2 | % | | $ | 39,563 | | | | 4.2 | % | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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Summary of Changes in Allowance for Credit Losses |
Changes in the allowance for credit losses for the periods indicated are as follows: | | | | | | | | | | | | | | | Year Ended December 31, | | In thousands | | 2019 | | | 2018 | | | 2017 | | Balance at beginning of period | | $ | 58,300 | | | $ | 48,910 | | | $ | 41,250 | | Provision for credit losses | | | 99,611 | | | | 87,056 | | | | 77,339 | | | | | (100,056 | ) | | | (82,341 | ) | | | (75,880 | ) | | | | 4,345 | | | | 4,675 | | | | 6,201 | | | | | | | | | | | | | | | | | $ | 62,200 | | | $ | 58,300 | | | $ | 48,910 | | | | | | | | | | | | | | |
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Reconciliation of Allowance for Credit Losses |
The following is a reconciliation of the allowance for credit losses by product for the periods indicated: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Finance Receivables December 31, 2019 | | | Allowance as Percentage of Finance Receivables December 31, 2019 | | | | $ | 30,759 | | | $ | 54,842 | | | $ | (57,323 | ) | | $ | 2,310 | | | $ | 30,588 | | | $ | 462,499 | | | | 6.6 | % | | | | 23,702 | | | | 41,278 | | | | (37,475 | ) | | | 1,643 | | | | 29,148 | | | | 608,608 | | | | 4.8 | % | | | | 1,893 | | | | 575 | | | | (1,893 | ) | | | 245 | | | | 820 | | | | 9,623 | | | | 8.5 | % | | | | 1,946 | | | | 2,916 | | | | (3,365 | ) | | | 147 | | | | 1,644 | | | | 24,083 | | | | 6.8 | % | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | $ | 58,300 | | | $ | 99,611 | | | $ | (100,056 | ) | | $ | 4,345 | | | $ | 62,200 | | | $ | 1,104,813 | | | | 5.6 | % | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | Finance Receivables December 31, 2018 | | | Percentage of Finance Receivables December 31, 2018 | | | | $ | 24,749 | | | $ | 51,859 | | | $ | (48,333 | ) | | $ | 2,484 | | | $ | 30,759 | | | $ | 437,662 | | | | 7.0 | % | | | | 17,548 | | | | 31,103 | | | | (26,337 | ) | | | 1,388 | | | | 23,702 | | | | 437,998 | | | | 5.4 | % | | | | 4,025 | | | | 1,300 | | | | (4,085 | ) | | | 653 | | | | 1,893 | | | | 26,154 | | | | 7.2 | % | | | | 2,588 | | | | 2,794 | | | | (3,586 | ) | | | 150 | | | | 1,946 | | | | 30,429 | | | | 6.4 | % | | | $ | 48,910 | | | $ | 87,056 | | | $ | (82,341 | ) | | $ | 4,675 | | | $ | 58,300 | | | $ | 932,243 | | | | 6.3 | % | | | | | | | | | | | | | | | | | | Finance Receivables December 31, 2017 | | | Percentage of Finance Receivables December 31, 2017 | | | | $ | 21,770 | | | $ | 45,104 | | | $ | (45,612 | ) | | $ | 3,487 | | | $ | 24,749 | | | $ | 375,772 | | | | 6.6 | % | | | | 11,460 | | | | 25,024 | | | | (20,088 | ) | | | 1,152 | | | | 17,548 | | | | 347,218 | | | | 5.1 | % | | | | 5,910 | | | | 4,210 | | | | (7,424 | ) | | | 1,329 | | | | 4,025 | | | | 61,423 | | | | 6.6 | % | | | | 2,110 | | | | 3,001 | | | | (2,756 | ) | | | 233 | | | | 2,588 | | | | 33,050 | | | | 7.8 | % | | | $ | 41,250 | | | $ | 77,339 | | | $ | (75,880 | ) | | $ | 6,201 | | | $ | 48,910 | | | $ | 817,463 | | | | 6.0 | % |
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Tabular Disclosure of Impaired Financing Receivables |
The following is a summary of finance receivables evaluated for impairment for the periods indicated: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Impaired receivables specifically evaluated | | $ | 9,920 | | | $ | 20,667 | | | $ | 652 | | | $ | 130 | | | $ | 31,369 | | Finance receivables evaluated collectively | | | 452,579 | | | | 587,941 | | | | 8,971 | | | | 23,953 | | | | 1,073,444 | | | | | | | | | | | | | | | | | | | | | | | Finance receivables outstanding | | $ | 462,499 | | | $ | 608,608 | | | $ | 9,623 | | | $ | 24,083 | | | $ | 1,104,813 | | | | | | | | | | | | | | | | | | | | | | | Impaired receivables in nonaccrual status | | $ | 1,629 | | | $ | 3,189 | | | $ | 184 | | | $ | 40 | | | $ | 5,042 | | | | | | | | | | | | | | | | | | | | | | | Amount of the specific reserve for impaired accounts | | $ | 4,069 | | | $ | 7,733 | | | $ | 386 | | | $ | 69 | | | $ | 12,257 | | | | | | | | | | | | | | | | | | | | | | | Amount of the general component of the allowance | | $ | 26,519 | | | $ | 21,415 | | | $ | 434 | | | $ | 1,575 | | | $ | 49,943 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Impaired receivables specifically evaluated | | $ | 8,361 | | | $ | 17,196 | | | $ | 918 | | | $ | 110 | | | $ | 26,585 | | Finance receivables evaluated collectively | | | 429,301 | | | | 420,802 | | | | 25,236 | | | | 30,319 | | | | 905,658 | | | | | | | | | | | | | | | | | | | | | | | Finance receivables outstanding | | $ | 437,662 | | | $ | 437,998 | | | $ | 26,154 | | | $ | 30,429 | | | $ | 932,243 | | | | | | | | | | | | | | | | | | | | | | | Impaired receivables in nonaccrual status | | $ | 1,209 | | | $ | 2,292 | | | $ | 178 | | | $ | 37 | | | $ | 3,716 | | | | | | | | | | | | | | | | | | | | | | | Amount of the specific reserve for impaired accounts | | $ | 3,791 | | | $ | 6,860 | | | $ | 492 | | | $ | 61 | | | $ | 11,204 | | | | | | | | | | | | | | | | | | | | | | | Amount of the general component of the allowance | | $ | 26,968 | | | $ | 16,842 | | | $ | 1,401 | | | $ | 1,885 | | | $ | 47,096 | | | | | | | | | | | | | | | | | | | | | | | The average recorded investment in impaired finance receivables and the amount of interest income recognized on impaired loans for the periods indicated are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Average Recorded Investment | | | Interest Income Recognized | | | Average Recorded Investment | | | Interest Income Recognized | | | | $ | 9,723 | | | $ | 1,551 | | | $ | 6,577 | | | $ | 1,066 | | | | | 18,938 | | | | 2,538 | | | | 13,221 | | | | 1,639 | | | | | 786 | | | | 37 | | | | 1,381 | | | | 60 | | | | | 129 | | | | 5 | | | | 109 | | | | 6 | | | | | | | | | | | | | | | | | | | | | $ | 29,576 | | | $ | 4,131 | | | $ | 21,288 | | | $ | 2,771 | | | | | | | | | | | | | | | | | | |
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