v3.26.1
LOANS AND ALLOWANCE FOR CREDIT LOSSES (Tables)
 3 Months Ended
Mar. 31, 2026
Receivables [Abstract]  
Schedule of Gross Loans Originated / Acquired and Company’s Gross Balances by Loan Class
The Company’s balances on non-accrual loans by loan class are as follows (in thousands):
Loan ClassMarch 31,
2026		December 31,
2025
Direct Cash Loans$54,779 $58,802 
Real Estate Loans 1,464 1,407 
Sales Finance Contracts 4,172 4,863 
Total $60,415 $65,072 
Schedule of Age Analysis of Principal Balances on Past Due Loans Segregated by Loan Class
An age analysis of balances past due, segregated by loan class is as follows (in thousands):
March 31, 2026
Loan Class30-59 Days
Past Due		60-89 Days
Past Due		90 Days or
More
Past Due		Total
Past Due
Loans
Direct Cash Loans$33,172 $20,445 $34,334 $87,951 
Real Estate Loans1,008 491 973 2,472 
Sales Finance Contracts2,992 1,459 2,713 7,164 
Total$37,172 $22,395 $38,020 $97,587 
December 31, 2025
Loan Class30-59 Days
Past Due		60-89 Days
Past Due		90 Days or
More
Past Due		Total
Past Due
Loans
Direct Cash Loans$32,184 $20,223 $38,601 $91,008 
Real Estate Loans707 406 1,001 2,114 
Sales Finance Contracts3,322 1,964 2,900 8,186 
Total $36,213 $22,593 $42,502 $101,308 
Schedule of Gross Balance in Each Segment in the Portfolio and Gross Charge Offs
The following tables present the balance in each segment in the portfolio for the period indicated based on payment performance by year of origination (in thousands):
Payment Performance - Balance by Origination Year as of March 31, 2026
2026(1)2025202420232022PriorTotal Balance
Direct Cash Loans
Performing$286,685 $744,712 $121,750 $34,671 $11,743 $4,753 $1,204,314 
Nonperforming— 41,222 8,727 2,840 1,265 725 54,779 
$286,685 $785,934 $130,477 $37,511 $13,008 $5,478 $1,259,093 
Real Estate Loans:
Performing $— $— $2,454 $— $854 $12,814 $16,122 
Nonperforming — — — — 51 1,413 1,464 
$— $— $2,454 $— $905 $14,227 $17,586 
Sales Finance Contracts:
Performing $12,605 $39,773 $26,591 $19,102 $8,219 $2,294 $108,584 
Nonperforming — 1,166 1,029 1,142 550 285 4,172 
$12,605 $40,939 $27,620 $20,244 $8,769 $2,579 $112,756 
(1)Includes loans originated during the three months ended March 31, 2026.

Payment Performance - Balance by Origination Year as of December 31, 2025
20252024202320222021PriorTotal Balance
Direct Cash Loans
Performing$1,009,416 $171,538 $46,258 $15,694 $5,108 $1,259 $1,249,273 
Nonperforming39,164 13,514 3,603 1,584 701 236 58,802 
$1,048,580 $185,052 $49,861 $17,278 $5,809 $1,495 $1,308,075 
Real Estate Loans:
Performing$— $2,454 $— $854 $6,494 $7,650 $17,452 
Nonperforming— — — 97 607 703 1,407 
$— $2,454 $— $951 $7,101 $8,353 $18,859 
Sales Finance Contracts:
Performing$46,711 $31,957 $23,268 $10,618 $2,807 $445 $115,806 
Nonperforming1,131 1,553 1,044 697 364 74 4,863 
$47,842 $33,510 $24,312 $11,315 $3,171 $519 $120,669 
Gross charge offs by origination year are as follows (in thousands):
Three Months Ended March 31, 2026
20262025202420232022PriorTotal
Direct Cash Loans$8 $25,131 $7,918 $1,632 $708 $445 $35,842 
Real Estate Loans— — — — — — — 
Sales Finance Contracts— 697 749 455 286 128 2,315 
Total$8 $25,828 $8,667 $2,087 $994 $573 $38,157 
Three Months Ended March 31, 2025
20252024202320222021PriorTotal
Direct Cash Loans$11 $16,380 $8,148 $2,268 $930 $314 $28,051 
Real Estate Loans— 6 — — — — 6 
Sales Finance Contracts— 838 1,159 737 285 130 3,149 
Total$11 $17,224 $9,307 $3,005 $1,215 $444 $31,206 
Schedule of Allowance for Credit Losses
The following table represents the rollforward of the allowance for credit losses for the periods presented (in thousands):

Three Months Ended March 31, 2026
Direct Cash LoansReal Estate LoansSales Finance ContractsTotal
Ending Balance 12/31/2025$68,669 $1,235 $6,375 $76,279 
Provision for Credit Losses29,201 (186)1,220 30,235 
Charge-offs(35,842)— (2,315)(38,157)
Recoveries7,083 1 586 7,670 
Ending Balance 3/31/2026$69,111 $1,050 $5,866 $76,027 
Three Months Ended March 31, 2025
Direct Cash LoansReal Estate LoansSales Finance ContractsTotal
Ending Balance 12/31/2024$63,371 $1,616 $8,379 $73,366 
Provision for Credit Losses19,966 (196)1,779 21,549 
Charge-offs(28,051)(6)(3,149)(31,206)
Recoveries6,078 2 695 6,775 
Ending Balance 3/31/2025$61,364 $1,416 $7,704 $70,484 
Schedule of Modifications and Financial Effects Made to Borrowers Experiencing Financial Difficulty
The information relating to modifications to borrowers experiencing financial difficulty for the period indicated are as follows (in thousands, except for %):

Three Months Ended March 31, 2026
Loan ClassInterest Rate ReductionTerm ExtensionPrincipal ForgivenessCombination - Term Extension and Principal ForgivenessCombination - Term Extension and Interest Rate Reduction
Direct Cash Loans$2,569 0.8 %$4,749 1.5 %$388 0.1 %$— — %$9,482 3.0 %
Real Estate Loans— — %— — %— — %— — %— — %
Sales Finance Contracts3 — %32 0.1 %38 0.1 %— — %32 0.1 %
Total$2,572 0.7 %$4,781 1.4 %$426 0.1 %$— — %$9,514 2.7 %
Three Months Ended March 31, 2025
Loan ClassInterest Rate ReductionTerm ExtensionPrincipal ForgivenessCombination - Term Extension and Principal ForgivenessCombination - Term Extension and Interest Rate Reduction
Direct Cash Loans$1,094 0.4 %$2,660 1.0 %$1,113 0.4 %$16 — %$5,306 2.0 %
Real Estate Loans— — %— — %— — %— — %— — %
Sales Finance Contracts134 0.4 %217 0.6 %141 0.4 %— — %722 2.1 %
Total$1,228 0.4 %$2,877 1.0 %$1,254 0.4 %$16 — %$6,028 2.0 %
The financial effects of the modifications to borrowers experiencing financial difficulty for the period indicated are:
As of and for the three months ended March 31, 2026
Loan ModificationLoan ClassFinancial Effect
Principal ForgivenessDirect Cash Loans
Reduced the gross balance of the loans $0.3 million
Real Estate LoansNo Financial Effect
Sales Finance Contracts
Reduced the gross balance of the loans < $0.1 million
Interest Rate ReductionDirect Cash Loans
Reduced the weighted-average contractual interest rate from 30.8% to 21.5%
Real Estate LoansNo Financial Effect
Sales Finance Contracts
Reduced the weighted-average contractual interest rate from 20.1% to 18.9%
Term ExtensionDirect Cash Loans
Added a weighted average 15 months to the term
Real Estate LoansNo Financial Effect
Sales Finance Contracts
Added a weighted average 21 months to the term
As of and for the three months ended March 31, 2025
Loan ModificationLoan ClassFinancial Effect
Principal ForgivenessDirect Cash Loans
Reduced the gross balance of the loans < $0.1 million
Real Estate LoansNo Financial Effect
Sales Finance Contracts
Reduced the gross balance of the loans < $0.1 million
Interest Rate ReductionDirect Cash Loans
Reduced the weighted-average contractual interest rate from 26.7% to 17.8%
Real Estate LoansNo Financial Effect
Sales Finance Contracts
Reduced the weighted-average contractual interest rate from 20.1% to 7.7%
Term ExtensionDirect Cash Loans
Added a weighted average 16 months to the term
Real Estate LoansNo Financial Effect
Sales Finance Contracts
Added a weighted average 20 months to the term
Aging of loans modified for borrowers experiencing financial difficulty in the past 12 months are as follows (in thousands):
March 31, 2026
Loan ClassCurrent30 - 89 Past Due90+ Past DueTotal
Direct Cash Loans$46,037 $5,762 $3,766 $55,565 
Real Estate Loans— — — — 
Sales Finance Contracts1,315 303 223 1,841 
     Total$47,352 $6,065 $3,989 $57,406 
March 31, 2025
Loan ClassCurrent30 - 89 Past Due90+ Past DueTotal
Direct Cash Loans$36,206 $6,252 $5,230 $47,688 
Real Estate Loans22 25 43 90 
Sales Finance Contracts4,155 505 579 5,239 
     Total$40,383 $6,782 $5,852 $53,017 
Schedule of Loans Modified for Borrowers Experiencing Financial Difficulty that Subsequently Charged Off
Loans modified for borrowers experiencing financial difficulty during the prior 12 months that subsequently charged off (in thousands):
Three Months Ended March 31, 2026
Loan ClassInterest Rate ReductionTerm ExtensionPrincipal ForgivenessCombination - Term Extension and Principal ForgivenessCombination - Term Extension and Interest Rate Reduction
Direct Cash Loans$144 $1,056 $94 $— $1,675 
Real Estate Loans— — — — — 
Sales Finance Contracts— 40 22 — 173 
Total$144 $1,096 $116 $— $1,848 
Three Months Ended March 31, 2025
Loan ClassInterest Rate ReductionTerm ExtensionPrincipal ForgivenessCombination - Term Extension and Principal ForgivenessCombination - Term Extension and Interest Rate Reduction
Direct Cash Loans$887 $665 $383 $1,115 $630 
Real Estate Loans— — — — — 
Sales Finance Contracts54 22 79 116 14 
Total$941 $687 $462 $1,231 $644