XML 45 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2013
Dec. 31, 2012
ASSETS    
Cash and cash equivalents $ 24,128 $ 12,966
Restricted cash and equivalents 129,450 104,445
Finance receivables 1,081,282 764,343
Less: Allowance for finance credit losses (34,464) (19,594)
Finance receivables, net 1,046,818 744,749
Finance receivables measured at fair value 21,217 59,668
Residual interest in securitizations 1,426 4,824
Furniture and equipment, net 607 726
Deferred financing costs 11,163 9,140
Deferred tax assets, net 66,166 75,640
Accrued interest receivable 15,146 10,411
Other assets 17,391 15,051
Total 1,333,512 1,037,620
Liabilities    
Accounts payable and accrued expenses 33,817 17,785
Warehouse lines of credit 26,959 21,731
Residual interest financing 20,000 13,773
Debt secured by receivables measured at fair value 16,888 57,107
Securitization trust debt 1,094,559 792,497
Senior secured debt, related party 38,963 50,135
Subordinated renewable notes 20,640 23,281
Total 1,251,826 976,309
COMMITMENTS AND CONTINGENCIES      
Shareholders' Equity    
Preferred stock, $1 par value; authorized 4,998,130 shares; none issued Series A preferred stock, $1 par value; authorized 5,000,000 shares; none issued Series B preferred stock, $1 par value; authorized 1,870 shares; none issued      
Common stock, no par value; authorized 75,000,000 shares; 22,150,560 and 19,838,913 shares issued and outstanding at September 30, 2013 and December 31, 2012, respectively 71,570 65,678
Retained earnings 15,753 1,270
Accumulated other comprehensive loss (5,637) (5,637)
Total 81,686 61,311
Total 1,333,512 1,037,620
Series A Preferred Stock [Member]
   
Shareholders' Equity    
Preferred stock, $1 par value; authorized 4,998,130 shares; none issued Series A preferred stock, $1 par value; authorized 5,000,000 shares; none issued Series B preferred stock, $1 par value; authorized 1,870 shares; none issued 0 0
Series B Preferred Stock [Member]
   
Shareholders' Equity    
Preferred stock, $1 par value; authorized 4,998,130 shares; none issued Series A preferred stock, $1 par value; authorized 5,000,000 shares; none issued Series B preferred stock, $1 par value; authorized 1,870 shares; none issued $ 0 $ 0