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LOANS (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of Contractual Maturity of Loans

An estimate of contractual maturities stated as a percentage of the Gross Loan balances based upon an analysis of the Company's portfolio as of December 31, 2022 is as follows:


Due In Calendar Year	Direct Cash Loans		Real Estate Loans		Sales Finance Contracts
2023	61.1	%	11.4	%	27.7	%
2024	30.3		11.2		26.9
2025	6.5		11.3		22.3
2026	1.7		10.4		15.8
2027	0.4		9.6		6.7
2028 & beyond	0.1		46.1		0.5
	100.0	%	100.0	%	100.0	%

Schedule of Accounts, Notes, Loans and Financing Receivable

Reconciliation of Gross Loans Originated / Acquired to Loans Originated or Purchased in Consolidated Statements of Cash Flows (Gross):


	2022		2021		2020

Loans Originated/acquired per Business Section:	$	1,157,814	$	1,152,021	$	1,000,600
Non-Cash Reconciling items:
Other Consumer (Live Check and Premier) Renewed Loans Payoff	313,843		332,292		280,199
Other non-cash activity: unearned finance charges, origination fees, discounts, premiums, and deferred fees	241,179		231,093		203,423
Loans originated or purchased per Consolidated Statements of Cash Flows:	$	602,792	$	588,636	$	516,978

The Company’s Gross Balances on non-accrual loans by loan class at December 31, 2022 and 2021 are as follows:


Loan Class	December 31, 2022		December 31, 2021

Live Check Consumer Loans	$	13,526,548	$	6,254,394
Premier Consumer Loans	4,738,297		2,253,818
Other Consumer Loans	41,240,279		25,229,846
Real Estate Loans	1,869,737		1,286,609
Sales Finance Contracts	5,656,143		3,532,183
Total	$	67,031,004	$	38,556,850

Financing Receivable, Past Due

An age analysis of Gross Balances past due, segregated by loan class, as of December 31, 2022 and 2021 is as follows:


December 31, 2022	30-59 Days Past Due		60-89 Days Past Due		90 Days or More Past Due		Total Past Due Loans

Live Check Loans	$	6,216,951	$	4,523,944	$	8,232,387	$	18,973,282
Premier Loans	2,164,484		1,301,917		2,415,621		5,882,022
Other Consumer Loans	24,681,141		14,373,393		26,817,773		65,872,307
Real Estate Loans	894,141		436,415		1,379,878		2,710,434
Sales Finance Contracts	4,256,920		2,066,105		3,315,491		9,638,516
Total	$	38,213,637	$	22,701,774	$	42,161,150	$	103,076,561


December 31, 2021	30-59 Days Past Due		60-89 Days Past Due		90 Days or More Past Due		Total Past Due Loans

Live Check Loans	$	2,752,871	$	2,446,703	$	3,597,241	$	8,796,815
Premier Loans	915,525		554,662		1,260,027		2,730,215
Other Consumer Loans	15,190,957		9,270,399		18,579,878		43,041,233
Real Estate Loans	656,780		440,155		1,117,924		2,214,859
Sales Finance Contracts	2,176,581		1,134,376		2,385,007		5,695,964
Total	$	21,692,714	$	13,846,295	$	26,940,077	$	62,479,086

Financing Receivable Credit Quality Indicators

The following table presents the net balance (principal balance less unearned finance charges and unearned insurance) in each segment in the portfolio as of December 31, 2022 based on year of origination.


	Payment Performance – Principal Balance by Origination Year
	2022		2021		2020		2019		2018		Prior		Total Net Balance
	(in Millions)
Live Checks:
Performing	$	117.5	$	13.7	$	2.1	$	0.3	$	—	$	—	$	133.6
Nonperforming	11.6		1.8		0.1		—		—		—		13.5
	$	129.1	$	15.5	$	2.2	$	0.3	$	—	$	—	$	147.1
Premier Loans:
Performing	$	65.9	$	27.3	$	6.8	$	1.9	$	0.5	$	0.1	$	102.5
Nonperforming	2.3		1.9		0.4		0.2		—		—		4.8
	$	68.2	$	29.2	$	7.2	$	2.1	$	0.5	$	0.1	$	107.3
Other Consumer Loans:
Performing	$	458.8	$	122.5	$	22.7	$	7.3	$	2.1	$	0.5	$	613.9
Nonperforming	23.8		14.0		2.2		0.9		0.2		0.1		41.2
	$	482.6	$	136.5	$	24.9	$	8.2	$	2.3	$	0.6	$	655.1
Real Estate Loans:
Performing	$	3.5	$	12.6	$	5.7	$	5.0	$	3.6	$	4.3	$	34.7
Nonperforming	0.1		0.7		0.4		0.3		0.2		0.2		1.9
	$	3.6	$	13.3	$	6.1	$	5.3	$	3.8	$	4.5	$	36.6
Sales Finance Contracts:
Performing	$	82.8	$	35.1	$	18.0	$	3.5	$	0.5	$	0.1	$	140.0
Nonperforming	2.1		2.0		1.2		0.3		0.1		—		5.7
	$	84.9	$	37.1	$	19.2	$	3.8	$	0.6	$	0.1	$	145.7

Financing Receivable, Allowance for Credit Loss

Segmentation of the portfolio began with the adoption of ASC 326 on January 1, 2020. The following table provides additional information on our allowance for credit losses based on a collective evaluation.


	2022
	Live Checks		Premier Loans		Other Consumer Loans		Real Estate Loans		Sales Finance Contracts		Total
	(in 000's)
Allowance for Credit Losses:
Balance at January 1, 2022	$	10,649	$	6,216	$	44,646	$	265	$	5,535	$	67,311
Provision for Credit Losses	24,044		4,452		47,976		(102)		7,918		84,288
Charge-offs	(23,207)		(5,630)		(61,787)		(28)		(7,353)		(98,005)
Recoveries	3,410		1,070		15,577		8		1,551		21,616
Ending Balance	$	14,896	$	6,108	$	46,412	$	143	$	7,651	$	75,210


	2021
	Live Checks		Premier Loans		Other Consumer Loans		Real Estate Loans		Sales Finance Contracts		Total
	(in 000's)
Allowance for Credit Losses:
Balance at January 1, 2021	$	10,765	$	5,838	$	43,833	$	267	$	5,625	$	66,328
Provision for Credit Losses	8,170		3,343		27,198		24		3,448		42,183
Charge-offs	(11,324)		(3,823)		(41,534)		(31)		(4,950)		(61,662)
Recoveries	3,038		858		15,149		5		1,412		20,462
Ending Balance	$	10,649	$	6,216	$	44,646	$	265	$	5,535	$	67,311

Financing Receivable, Troubled Debt Restructuring

The following table presents a summary of Gross Loans that were restructured during the year ended December 31, 2022.


Loan Class	Number of Loans	Pre-Modification Recorded Investment		Post-Modification Recorded Investment

Live Check Consumer Loans	6,238	$	11,025,593	$	10,869,297
Premier Consumer Loans	999	6,521,316		6,367,261
Other Consumer Loans	21,599	85,662,652		83,162,166
Real Estate Loans	26	238,274		236,228
Sales Finance Contracts	1,165	8,921,572		8,663,893
Total	30,027	$	112,369,407	$	109,298,845

TDRs that subsequently defaulted during the year ended December 31, 2022 are listed below.


Loan Class	Number of Loans	Pre-Modification Recorded Investment

Live Check Consumer Loans	2,252	$	3,883,391
Premier Consumer Loans	182	1,065,631
Other Consumer Loans	5,196	13,211,867
Real Estate Loans	2	5,217
Sales Finance Contracts	183	1,060,841
Total	7,815	$	19,226,947

The following table presents a summary of Gross Loans that were restructured during the year ended December 31, 2021.


Loan Class	Number of Loans	Pre-Modification Recorded Investment		Post-Modification Recorded Investment

Live Check Consumer Loans	2,303	$	4,357,450	$	4,265,687
Premier Consumer Loans	476	2,951,288		2,850,034
Other Consumer Loans	12,752	46,992,778		45,056,454
Real Estate Loans	28	346,960		346,735
Sales Finance Contracts	745	4,800,447		4,632,933
Total	16,304	$	59,448,923	$	57,151,843

TDRs that subsequently defaulted during the year ended December 31, 2021 are listed below.


Loan Class	Number of Loans	Pre-Modification Recorded Investment

Live Check Consumer Loans	844	$	1,568,070
Premier Consumer Loans	99	516,895
Other Consumer Loans	3,094	7,082,463
Real Estate Loans	0	—
Sales Finance Contracts	142	613,181
Total	4,179	$	9,780,609

The following table presents a summary of Gross Loans that were restructured during the year ended December 31, 2020.


Loan Class	Number of Loans	Pre-Modification Recorded Investment		Post-Modification Recorded Investment

Live Check Consumer Loans	2,127	$	3,688,912	$	3,588,117
Premier Consumer Loans	485	3,185,328		3,090,506
Other Consumer Loans	11,463	41,709,966		39,405,511
Real Estate Loans	39	465,759		453,611
Sales Finance Contracts	846	4,379,561		4,215,137
Total	14,960	$	53,429,526	$	50,752,882

TDRs that subsequently defaulted during the year ended December 31, 2020 are listed below.


Loan Class	Number of Loans	Pre-Modification Recorded Investment

Live Check Consumer Loans	787	$	1,248,879
Premier Consumer Loans	92	480,080
Other Consumer Loans	2,735	5,523,962
Real Estate Loans	4	27,476
Sales Finance Contracts	183	475,188
Total	3,801	$	7,755,585