v3.25.1
Note 6 - Fair Values of Assets and Liabilities - Reconciliation of Level 3 Assets (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Balance $ 2,630,274 $ 2,173,759
Changes in fair value of loans at fair value, included in earnings 55,164 72,508
Changes in fair value due to current period principal charge-offs, net of recoveries [1] (163,533) (167,956)
Changes in fair value due to current period finance and fee charge-offs [1] (69,976) (63,723)
Total Changes in fair value of loans [2] (178,345) (159,171)
Purchases 612,991 530,095
Finance and fees, added to the account balance 288,923 248,075
Settlements (685,340) (642,122)
Balance at December 31 [3] 2,668,503 2,150,636
Aggregate unpaid gross balance of loans carried at fair value 2,706,264 2,318,104
Change in unrealized losses for the period included in earnings (or changes in net assets) for assets held at the end of the period $ 55,164 $ 72,508
[1] Reflects the current period charge-offs (net of recoveries) of loans at fair value.
[2] Total Changes in fair value of loans is included in our Consolidated Statements of Income.
[3] As of December 31, 2024 and December 31, 2023, the aggregate unpaid principal balance included within loans at fair value was $2,473 million and $2,177 million, respectively.