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Loans Receivable
 12 Months Ended
Dec. 31, 2017
Receivables [Abstract]  
Loans Receivables
LOANS RECEIVABLE
The following is a summary of the Company’s loans receivable, net:
 
December 31,
(In Thousands)
2017
 
2016
Credit Card Loans1
$
89,728

 
$
64,794

Acquired Loans2
16,213

 
33,840

Loans Receivable, Gross
105,941

 
98,634

 


 
 
Allowance for Loan Losses
(11,454
)
 
(6,624
)
Unamortized Fees
(8,375
)
 
(7,206
)
Loans Receivable, Net of Allowances and Unamortized Fees
$
86,112

 
$
84,804


1 "Credit Card Loans" are loans originated after the 2015 acquisition of DAMI.
2 "Acquired Loans" are credit card loans the Company purchased in the 2015 acquisition of DAMI.
Included in the table below is an aging of the loans receivable, gross balance:
(Dollar Amounts in Thousands)
December 31,
Aging Category1
2017
 
2016
30-59 Days Past Due
7.1
%
 
6.8
%
60-89 Days Past Due
3.6
%
 
3.2
%
90 or more Days Past Due
4.1
%
 
4.3
%
Past Due Loans Receivable
14.8
%
 
14.3
%
Current Loans Receivable
85.2
%
 
85.7
%
Balance of Loans Receivable on Nonaccrual Status
$
2,016

 
$
1,072

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.
The table below presents the components of the allowance for loan losses:
 
December 31,
(In Thousands)
2017
 
2016
Beginning Balance1
$
6,624

 
$
937

Provision for Loan Losses
20,973

 
11,251

Charge-offs
(16,852
)
 
(5,675
)
Recoveries
709

 
111

Ending Balance
$
11,454

 
$
6,624

1 The Company acquired DAMI on October 15, 2015 and recorded $89.1 million of loans receivable as of the acquisition date. No corresponding allowance for loan losses was recorded as the loans receivable were established at fair value in acquisition accounting.