XML 31 R14.htm IDEA: XBRL DOCUMENT v3.24.0.1
Purchased Receivables
12 Months Ended
Dec. 31, 2023
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, 2023 or 2022. 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 was one nonperforming purchased receivable with a balance of $808,000 as of December 31, 2023 for which management is not accruing income and no nonperforming purchased receivables as of December 31, 2022.
    The following table summarizes the components of net purchased receivables at December 31, for the years indicated:
(In Thousands)20232022
Purchased receivables$36,842 $19,994 
Allowance for credit losses - purchased receivables— — 
Total$36,842 $19,994 
    
    The following table sets forth information regarding changes in the ACL on purchased receivables for the periods indicated: 
(In Thousands)202320222021
Balance at beginning of year$— $— $73 
Impact of adopting ASC 326— — (73)
   Charge-offs— — — 
   Recoveries— — — 
Charge-offs net of recoveries— — — 
Benefit for purchased receivables— — — 
Balance at end of year$— $— $—