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Loans Receivable
 9 Months Ended
Sep. 30, 2019
Receivables [Abstract]  
Loans Receivable LOANS RECEIVABLE
The following is a summary of the Company’s loans receivable, net:
(In Thousands)
September 30, 2019
 
December 31, 2018
Credit Card Loans1
$
91,279

 
$
90,406

Acquired Loans2
821

 
5,688

Loans Receivable, Gross
92,100

 
96,094

 
 
 
 
Allowance for Loan Losses
(14,054
)
 
(12,970
)
Unamortized Fees
(5,916
)
 
(6,971
)
Loans Receivable, Net of Allowances and Unamortized Fees
$
72,130

 
$
76,153


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
September 30, 2019
 
December 31, 2018
30-59 days past due
6.6
%
 
6.9
%
60-89 days past due
3.6
%
 
3.4
%
90 or more days past due
5.0
%
 
4.3
%
Past due loans receivable
15.2
%
 
14.6
%
Current loans receivable
84.8
%
 
85.4
%
Balance of Credit Card Loans on Nonaccrual Status
$
2,330

 
$
2,110

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 tables below present the components of the allowance for loan losses for the three and nine months ended September 30, 2019 and 2018:
 
Three Months Ended September 30,
(In Thousands)
2019
 
2018
Beginning Balance
$
12,783

 
$
11,586

Provision for Loan Losses
6,068

 
6,471

Charge-offs
(5,423
)
 
(5,294
)
Recoveries
626

 
375

Ending Balance
$
14,054

 
$
13,138

 
Nine Months Ended September 30,
(In Thousands)
2019
 
2018
Beginning Balance
$
12,970

 
$
11,454

Provision for Loan Losses
15,291

 
16,011

Charge-offs
(16,065
)
 
(15,504
)
Recoveries
1,858

 
1,177

Ending Balance
$
14,054

 
$
13,138