v3.25.2
Purchased Receivables (Tables)
6 Months Ended
Jun. 30, 2025
Purchased Receivables [Abstract]  
Summary of Components of Net Purchased Receivables
The following table summarizes the components of net purchased receivables for the dates indicated:
(In Thousands)June 30, 2025December 31, 2024
Purchased receivables$112,530 $77,727 
Allowance for credit losses - purchased receivables(3,432)(3,649)
Total$109,098 $74,078 
Changes in the ACL on Purchased Receivables
The following table sets forth information regarding changes in the ACL on purchased receivables for the periods indicated:

Three Months Ended June 30,Six Months Ended June 30,
(In Thousands)2025202420252024
Balance at beginning of period$3,695 $— $3,649 $— 
   Charge-offs(281)— (281)— 
   Recoveries— — — — 
Charge-offs net of recoveries(281)— (281)— 
Provision for purchased receivables
18 — 64 — 
Balance at end of period$3,432 $— $3,432 $—