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Loans Receivable
12 Months Ended
Dec. 31, 2015
Receivables [Abstract]  
Loans Receivables
LOANS RECEIVABLE
The following is a summary of the Company’s loans receivable, net at December 31:
(In Thousands)
 
2015
Credit Card Loans
 
$
13,900

Acquired Loans
 
74,866

Loans Receivable, Gross
 
88,766

 
 
 
Allowance for Loan Losses
 
(935
)
Unamortized Fees
 
(2,036
)
Loans Receivable, Net
 
$
85,795


Included in the table below is an aging of the loans receivable, gross balance at December 31, 2015:
Aging category
 
Percentage1
30-59 days past due
 
7.9
%
60-89 days past due
 
3.3
%
90 or more days past due
 
4.1
%
Past due loans receivable
 
15.3
%
Current loans receivable
 
84.7
%
Balance of loans receivable 90 or more days past due and still accruing interest and fees
 
$

1 This aging is based on the contractual amounts outstanding for each loan as of period end, and does not reflect the fair value adjustments for the Acquired Loans.