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Loans Receivable
 3 Months Ended
Mar. 31, 2018
Receivables [Abstract]  
Loans Receivable
LOANS RECEIVABLE
The following is a summary of the Company’s loans receivable, net:
(In Thousands)
March 31, 2018
 
December 31, 2017
Credit Card Loans1
$
87,608

 
$
89,728

Acquired Loans2
12,819

 
16,213

Loans Receivable, Gross
100,427

 
105,941

 
 
 
 
Allowance for Loan Losses
(10,699
)
 
(11,454
)
Unamortized Fees
(7,958
)
 
(8,375
)
Loans Receivable, Net of Allowances and Unamortized Fees
$
81,770

 
$
86,112


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)
 
 
 
Aging Category1
March 31, 2018
 
December 31, 2017
30-59 days past due
5.4
%
 
7.1
%
60-89 days past due
2.8
%
 
3.6
%
90 or more days past due
3.7
%
 
4.1
%
Past due loans receivable
11.9
%
 
14.8
%
Current loans receivable
88.1
%
 
85.2
%
Balance of Credit Card Loans on Nonaccrual Status
$
1,835

 
$
2,016

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:
 
Three Months Ended March 31,
(In Thousands)
2018
 
2017
Beginning Balance1
$
11,454

 
$
6,624

Provision for Loan Losses
4,492

 
3,743

Charge-offs
(5,619
)
 
(3,287
)
Recoveries
372

 
135

Ending Balance
$
10,699

 
$
7,215

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.