Note 1 - Basis of Presentation: Recent Accounting Pronouncements: Schedule of impact of adopting ASU 2016-13 and details how outstanding loan balances have been reclassified (Tables)

6 Months Ended

Jun. 30, 2020

Tables/Schedules

Schedule of impact of adopting ASU 2016-13 and details how outstanding loan balances have been reclassified

	January 1, 2020
Assets	As Reported Under ASC 326	Pre-ASC 326 Adoption	Impact of ASC 326 Adoption
	(in 000’s)	(in 000’s)	(in 000’s)
Loans:
Live Checks	$88,442	$-	$88,442
Premier Loans	85,252	-	85,252
Other Consumer Loans	563,560	-	563,560
Real Estate Loans	37,255	-	37,255
Sales Finance Contracts	70,019	-	70,019
Total Portfolio Level	-	844,528	(844,528)
Unearned Finance Charges	118,748	118,748	-
Unearned Insurance Premiums & Comm.	57,620	57,620	-
Allowance for Credit Losses	55,158	53,000	2,158
Total Net	$613,002	$615,160	$(2,158)
Equity:
Retained Earnings	$249,553	$251,711	$(2,158)