XML 28 R14.htm IDEA: XBRL DOCUMENT v3.22.4
Purchased Receivables
 12 Months Ended
Dec. 31, 2022
Purchased Receivables [Abstract]  
Purchased Receivables Purchased Receivables
    Purchased receivables are carried at their principal amount outstanding, net of an ACL, and have a maturity of less than one year.  There are no purchased receivables past due at December 31, 2022 or 2021. Income on purchased receivables is accrued and recognized on the balance outstanding using an effective interest method except when management believes doubt exists as to the collectability of the income or principal.  There were no nonperforming purchased receivables as of December 31, 2022 or 2021.
    The following table summarizes the components of net purchased receivables at December 31, for the years indicated:
(In Thousands)20222021
Purchased receivables$19,994 $6,987 
Allowance for credit losses - purchased receivables— — 
Total$19,994 $6,987 
    
    The following table sets forth information regarding changes in the ACL on purchased receivables for the periods indicated: 
(In Thousands)202220212020
Balance at beginning of year$— $73 $94 
Impact of adopting ASC 326— (73)— 
   Charge-offs— — — 
   Recoveries— — — 
Charge-offs net of recoveries— — — 
Benefit for purchased receivables— — (21)
Balance at end of year$— $— $73