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2. LOANS: Troubled Debt Restructurings on Financing Receivables (Tables)
 12 Months Ended
Dec. 31, 2020
Tables/Schedules  
Troubled Debt Restructurings on Financing Receivables

 

 

 

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.

 

 

 

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 

 

 

 

The following table presents a summary of loans that were restructured during the year ended December 31, 2019.

 

 

 

Number

of

Loans

 

Pre-Modification

Recorded

Investment

 

Post-Modification

Recorded

Investment

                                                    

 

                             

 

                             

 

                             

Consumer Loans

 

18,680 

 

$55,198,024 

 

$52,873,724 

Real Estate Loans

 

50 

 

698,205 

 

695,693 

Sales Finance Contracts

 

870 

 

3,226,704 

 

3,086,441 

Total  

 

19,600 

 

$59,122,933 

 

$56,655,858 

 

TDRs that subsequently defaulted during the year ended December 31, 2019 are listed below.

 

 

 

Number

of

Loans

 

Pre-Modification

Recorded

Investment

 

 

                                                    

 

                             

 

                             

 

                             

Consumer Loans

 

5,854 

 

$10,583,099 

 

 

Real Estate Loans

 

- 

 

- 

 

 

Sales Finance Contracts

 

222 

 

546,101 

 

 

Total  

 

6,076 

 

$11,129,200 

 

 

 

The following table presents a summary of loans that were restructured during the year ended December 31, 2018.

 

 

 

Number

of

Loans

 

Pre-Modification

Recorded

Investment

 

Post-Modification

Recorded

Investment

                                                    

 

                             

 

                             

 

                             

Consumer Loans

 

16,473 

 

$42,571,410 

 

$41,169,632 

Real Estate Loans

 

51 

 

468,208 

 

458,496 

Sales Finance Contracts

 

685 

 

1,742,532 

 

1,671,991 

Total  

 

17,209 

 

$44,782,150 

 

$43,300,119 

 

TDRs that subsequently defaulted during the year ended December 31, 2018 are listed below.

 

 

 

Number

of

Loans

 

Pre-Modification

Recorded

Investment

 

 

                                                    

 

                             

 

                             

 

                             

Consumer Loans

 

4,625 

 

$7,364,675 

 

 

Real Estate Loans

 

1 

 

4,233 

 

 

Sales Finance Contracts

 

144 

 

304,882 

 

 

Total  

 

4,770 

 

$7,673,790