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SEGMENT FINANCIAL INFORMATION
 12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
SEGMENT FINANCIAL INFORMATION SEGMENT FINANCIAL INFORMATION:
The Company discloses segment information in accordance with FASB ASC 280. FASB ASC 280 requires companies to determine segments based on how management makes decisions about allocating resources to segments and measuring their performance.
The Company has nine divisions which comprise its operations: Division I through Division IX. Each division consists of branch offices that are aggregated based on vice president responsibility and geographic location. Division I consists of offices located in South Carolina. Prior to 2020, offices in North Georgia comprised Division II, Division III consisted of offices in South Georgia and Division IX consisted of offices in West Georgia. Effective January 1, 2020, the Company geographically realigned the Georgia Divisions into Division II consisting of Middle Georgia, Division III consisting of South Georgia and Division IX consisting of North Georgia. Various branches were realigned in order to be in the appropriate geographic division. Division IV represents our Alabama offices, Division V represents our Mississippi offices, Division VI represents our Virginia offices, Division VII represents our Kentucky and Tennessee offices and Division VIII represents our Louisiana and Texas offices. The following division financial data has been retrospectively presented to give effect to the current structure. The change in the Georgia reporting structure had no impact on the previously reported consolidated results.
Accounting policies of the divisions are the same as those of the Company described in the summary of significant accounting policies. Performance of each division is measured based on objectives set at the beginning of each year and include various factors such as division profit, growth in earning assets and delinquency and credit loss management. All division revenues result from transactions with third parties. The Company does not allocate income taxes or corporate headquarter expenses to the any division.
Below is a performance recap of each of the Company's divisions for the year ended December 31, 2022 followed by a reconciliation to consolidated Company data.
Year 2022Division
I		Division
II		Division
III		Division
IV		Division
V		Division
VI		Division
VII		Division
VIII		Division
IX		Total
(In Millions)
Revenues:
Finance Charges Earned$38 $35 $35 $43 $29 $— $29 $27 $31 $267 
Insurance Income$6 $7 $9 $5 $5 $— $4 $6 $6 $48 
Other$— $1 $1 $— $1 $— $1 $1 $1 $6 
$44 $43 $45 $48 $35 $— $34 $34 $38 $321 
 
Expenses:
Interest Cost$4 $4 $4 $4 $3 $— $3 $3 $3 $28 
Provision for Loan Losses$12 $8 $9 $12 $9 $— $10 $9 $7 $76 
Depreciation$— $— $— $1 $— $— $— $1 $— $2 
Other$14 $14 $13 $16 $12 $— $12 $14 $14 $109 
$30 $26 $26 $33 $24 $— $25 $27 $24 $215 
 
Division Profit$14 $17 $19 $15 $11 $— $9 $7 $14 $106 
 
Division Assets:
Net Receivables$118 $126 $123 $149 $92 $— $99 $93 $111 $911 
Cash$1 $1 $1 $1 $1 $— $1 $1 $1 $8 
Net Fixed Assets$1 $1 $1 $1 $1 $— $1 $2 $1 $9 
Other Assets$2 $5 $4 $6 $4 $— $(1)$6 $5 $31 
Total Division Assets$122 $133 $129 $157 $98 $— $100 $102 $118 $959 
RECONCILIATION:2022
(In Millions)
Revenues:
Total revenues from reportable divisions$321 
Corporate investment income earned not allocated to divisions$8 
Timing difference of insurance income allocation to divisions$10 
Consolidated Revenues (1)$339 
Net Income: 
Total profit or loss for reportable divisions$106 
Corporate earnings not allocated$18 
Corporate expenses not allocated$(103)
Consolidated Income Before Income Taxes$21 
Assets: 
Total assets for reportable divisions$959 
Loans held at corporate level$2 
Unearned insurance at corporate level$(37)
Allowance for loan losses at corporate level$(75)
Cash and cash equivalents held at corporate level$58 
Investment securities at corporate level$220 
Fixed assets at corporate level$4 
Other assets at corporate level$32 
Consolidated Assets$1,163 
Note 1: Includes Finance Charge Income, Investment Income, Insurance Premium Revenues and Other Revenue.
Below is a performance recap of each of the Company's divisions for the year ended December 31, 2021 followed by a reconciliation to consolidated Company data.
Year 2021
Division
I		Division
II		 Division
III		Division
IV		 Division
V		 Division
VII		 Division
VIII		Division
IX		 Total
 (In Millions)
Revenues:
Finance Charges Earned$35 $32 $33 $38 $25 $25 $20 $29 $237 
Insurance Income$5 $7 $8 $5 $4 $3 $5 $6 $43 
Other$— $1 $1 $1 $1 $1 $1 $1 $7 
$40 $40 $42 $44 $30 $29 $26 $36 $287 
Expenses:
Interest Cost$3 $3 $3 $4 $2 $2 $2 $3 $22 
Provision for Loan Losses$8 $4 $5 $6 $5 $5 $5 $5 $43 
Depreciation$— $— $— $1 $1 $— $— $— $2 
Other$14 $13 $13 $14 $11 $11 $13 $13 $102 
$25 $20 $21 $25 $19 $18 $20 $21 $169 
Division Profit$15 $20 $21 $19 $11 $11 $6 $15 $118 
Division Assets:
Net Receivables$111 $118 $120 $145 $86 $87 $85 $104 $856 
Cash$1 $1 $1 $1 $1 $— $— $— $5 
Net Fixed Assets$1 $1 $1 $1 $1 $1 $1 $1 $8 
Other Assets$3 $5 $5 $6 $4 $4 $4 $5 $36 
Total Division Assets$116 $125 $127 $153 $92 $92 $90 $110 $905 
RECONCILIATION:2021
(In Millions)
Revenues:
Total revenues from reportable divisions$287 
Corporate investment income earned not allocated to divisions$8 
Timing difference of insurance income allocation to divisions$9 
Consolidated Revenues (1)$304 
 
Net Income: 
Total profit or loss for reportable divisions$118 
Corporate earnings not allocated$20 
Corporate expenses not allocated$(92)
Consolidated Income Before Income Taxes$46 
 
Assets: 
Total assets for reportable divisions$905 
Loans held at corporate level$2 
Unearned insurance at corporate level$(39)
Allowance for loan losses at corporate level$(67)
Cash and cash equivalents held at corporate level$36 
Investment securities at corporate level$262 
Fixed assets at corporate level$5 
Other assets at corporate level$14 
Consolidated Assets$1,118 
Note 1: Includes Finance Charge Income, Investment Income, Insurance Premium Revenues and Other Revenue.
Below is a performance recap of each of the Company's divisions for the year ended December 31, 2020 followed by a reconciliation to consolidated Company data.
Year 2020
Division
I		Division
II		Division
III		Division
IV		Division
V		Division
VII		Division
VIII		Division
IX		Total
(In Millions)
Revenues:
Finance Charges Earned$33 $29 $30 $34 $22 $22 $17 $27 $214 
Insurance Income$5 $7 $8 $4 $4 $3 $4 $5 $40 
Other$— $1 $1 $1 $1 $1 $— $1 $6 
$38 $37 $39 $39 $27 $26 $21 $33 $260 
        
Expenses:        
Interest Cost$3 $3 $3 $4 $2 $2 $2 $3 $22 
Provision for Loan Losses$9 $5 $6 $7 $4 $6 $5 $5 $47 
Depreciation$— $— $— $1 $1 $1 $— $1 $4 
Other$14 $13 $13 $14 $10 $10 $11 $13 $98 
$26 $21 $22 $26 $17 $19 $18 $22 $171 
        
Division Profit$12 $16 $17 $13 $10 $7 $3 $11 $89 
        
Division Assets:        
Net Receivables$103 $106 $111 $129 $71 $77 $65 $97 $759 
Cash$1 $1 $1 $1 $1 $— $— $— $5 
Net Fixed Assets$1 $1 $1 $1 $2 $1 $1 $1 $9 
Other Assets$3 $5 $4 $6 $4 $4 $3 $5 $34 
Total Division Assets$108 $113 $117 $137 $78 $82 $69 $103 $807 
RECONCILIATION:2020
(In Millions)
Revenues:
Total revenues from reportable divisions$260 
Corporate investment income earned not allocated to divisions$7 
Timing difference of insurance income allocation to divisions$8 
Consolidated Revenues (1)$275 
 
Net Income: 
Total profit or loss for reportable divisions$89 
Corporate earnings not allocated$17 
Corporate expenses not allocated$(87)
Consolidated Income Before Income Taxes$19 
 
Assets: 
Total assets for reportable divisions$807 
Loans held at corporate level$2 
Unearned insurance at corporate level$(34)
Allowance for loan losses at corporate level$(66)
Cash and cash equivalents held at corporate level$64 
Investment securities at corporate level$221 
Fixed assets at corporate level$5 
Other assets at corporate level$15 
Consolidated Assets$1,014 
Note 1: Includes Finance Charge Income, Investment Income, Insurance Premium Revenues and Other Revenue.