Securitization Trust Debt (Tables)

12 Months Ended

Dec. 31, 2023

Securitization Trust Debt

Schedule of securitization trust debt

										Weighted
										Average
	Final	Receivables				Outstanding		Outstanding		Contractual Debt
	Scheduled	Pledged at				Principal at		Principal at		Interest Rate at
	Payment	December 31,		Initial		December 31,		December 31,		December 31,
Series	Date (1)	2023 (2)		Principal		2023		2022		2023
	(Dollars in thousands)
CPS 2018-A	March 2025	$	–	$	190,000	$	–	$	12,939		–
CPS 2018-B	December 2024		–		201,823		–		17,077		–
CPS 2018-C	September 2025		–		230,275		–		20,222		–
CPS 2018-D	June 2025		–		233,730		–		25,563		–
CPS 2019-A	March 2026		–		254,400		–		32,898		–
CPS 2019-B	June 2026		20,167		228,275		15,742		33,897		6.03%
CPS 2019-C	September 2026		24,448		243,513		19,725		41,515		5.05%
CPS 2019-D	December 2026		32,326		274,313		27,445		53,625		4.37%
CPS 2020-A	March 2027		31,101		260,000		26,382		52,705		4.79%
CPS 2020-B	June 2027		36,924		202,343		24,197		41,736		7.19%
CPS 2020-C	November 2027		51,128		252,200		43,487		72,894		4.00%
CPS 2021-A	March 2028		55,081		230,545		39,039		72,076		1.81%
CPS 2021-B	June 2028		69,614		240,000		55,684		101,206		2.50%
CPS 2021-C	September 2028		104,844		291,000		85,563		147,593		2.03%
CPS 2021-D	December  2028		143,579		349,202		126,059		209,277		2.53%
CPS 2022-A	April 2029		158,852		316,800		137,479		222,613		2.78%
CPS 2022-B	October 2029		243,310		395,600		213,779		325,907		4.83%
CPS 2022-C	April 2030		278,732		391,600		230,273		346,714		5.78%
CPS 2022-D	June 2030		232,868		307,018		205,583		292,461		7.91%
CPS 2023-A	August 2030		273,944		324,768		231,906		–		6.32%
CPS 2023-B	November 2030		303,157		332,885		268,172		–		6.59%
CPS 2023-C	February 2031		281,097		291,732		257,568		–		6.65%
CPS 2023-D	May 2031		293,940		286,149		271,939		–		7.22%
		$	2,635,113	$	6,328,171	$	2,280,021	$	2,122,919

_________________________

(1)

The Final Scheduled Payment Date represents final legal maturity of the securitization trust debt. Securitization trust debt is expected to become due and to be paid prior to those dates, based on amortization of the finance receivables pledged to the Trusts. Expected payments, which will depend on the performance of such receivables, as to which there can be no assurance, are $826.3 million in 2024, $618.4 million in 2025, $386.5 million in 2026, $242.8 million in 2027, $152.6 million in 2028, and $38.8 million in 2029.

(2)

Includes repossessed assets that are included in Other Assets on our Consolidated Balance Sheets.