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Dealer Finance Receivables (Tables)
 12 Months Ended
Dec. 31, 2012
Financing Receivable, Recorded Investment [Line Items]  
Dealer Finance Receivable
The following is a summary of the activity in dealer finance receivables for the periods presented:
 
For the Year Ended December 31,
 
2012
 
2011
 
($ in thousands)
Balance Beginning of Period
$
24

 
$
—

Advances during the period
45,438

 
24

Revenue Recognized, Net
2,168

 
—

Payments to reduce amount advanced
(6,674
)
 
—

Balance end of period
$
40,956

 
$
24
Accretable Yield
Accretable yield represents the amount of revenue expected over the remaining life of existing pools, but is not part of the carrying value of these receivables at period end. Changes in accretable yield were as follows:
 
For the Year Ended December 31,
 
2012
 
2011

($ in thousands)
Balance Beginning of Period
$
—

 
$
—

Accretion (Revenue Recognized)
(2,168
)
 
—

Additions
11,055

 
—

Reclassification From (to) Nonaccretable Difference
—

 
—

Balance End of Period
$
8,887

 
$
—
Non-accretable Yield
Components of non-accretable yield are as follows:
 
As of December 31, 2012
 
($ in thousands)
Contractual Net Cash Flows
 
$
56,287

Expected Net Cash Flows
 
(49,843
)
Non-accretable Yield
 
$
6,444
Financing Receivable Credit Quality Indicators
At December 31, 2012, a summary of our portfolio by our internally assigned credit risk ratings was as follows:
 
Grade
Average
FICO Score (1)
 
Percentage of
Portfolio  Contracts
 
Total
Contracts
 
Percentage of
Portfolio Principal
 
Total Portfolio
Principal
 
 
 
 
 
 
 
 
 
($ in thousands)
A+
556

 
10.4
%
 
14,660

 
10.6
%
 
$
169,023

A
539

 
18.5
%
 
25,998

 
18.8
%
 
301,173

B
517

 
37.3
%
 
52,476

 
38.2
%
 
612,084

C
503

 
28.4
%
 
40,066

 
27.8
%
 
445,497

C-
488

 
3.9
%
 
5,447

 
3.3
%
 
53,512

D+/D/D-
478

 
1.5
%
 
2,101

 
1.3
%
 
20,421

 
 
 
100.0
%
 
140,748

 
100.0
%
 
$
1,601,710



At December 31, 2011, a summary of our portfolio by our internally assigned credit risk ratings was as follows:
 
Grade
Average
FICO Score (1)
 
Percentage of
Portfolio Contracts
 
Total
Contracts
 
Percentage of
Portfolio Principal
 
Total Portfolio
Principal
 
 
 
 
 
 
 
 
 
($ in thousands)
A+
557

 
10.4
%
 
14,270

 
10.7
%
 
$
156,935

A
538

 
18.2
%
 
24,954

 
18.7
%
 
274,269

B
516

 
36.8
%
 
50,582

 
38.3
%
 
561,738

C
500

 
28.2
%
 
38,756

 
27.1
%
 
397,470

C-
486

 
4.7
%
 
6,400

 
3.8
%
 
55,734

D+/D/D-
475

 
1.7
%
 
2,331

 
1.4
%
 
20,534

 
 
 
100.0
%
 
137,293

 
100.0
%
 
$
1,466,680
Dealer Loans Auto Financing Receivable [Member]
  
Financing Receivable, Recorded Investment [Line Items]  
Financing Receivable Credit Quality Indicators
a summary of GO Financial's portfolio by our internally assigned credit risk ratings as of December 31, 2012:
Grade
Average FICO Score(1)
 
Total Contracts Outstanding
 
Percentage of Portfolio Contracts
 
Total Portfolio Principal
 
Percentage of Portfolio Principal
 
Average Advance Rate
 
 
 
 
 
 
 
($ in thousands)
 
 
 
 
A+
557

 
319

 
6.7
%
 
$
3,399

 
6.9
%
 
79.2
%
A
541

 
706

 
14.8
%
 
7,744

 
15.7
%
 
77.5
%
B
531

 
1,617

 
33.8
%
 
17,092

 
34.7
%
 
75.5
%
C
521

 
1,598

 
33.4
%
 
16,185

 
32.8
%
 
72.5
%
C-
508

 
366

 
7.7
%
 
3,342

 
6.8
%
 
70.8
%
D
497

 
171

 
3.6
%
 
1,508

 
3.1
%
 
67.6
%
 
 
 
4,777

 
100
%
 
$
49,270

 
100
%
 
74.4
%
(1)
Average FICO score is provided as an external metric of credit quality, but is generally not utilized to determine internal credit grade. Our internal scoring model is the primary driver of our internal credit grade. Average FICO presented excludes originations with no FICO.