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Purchased Receivables (Tables)
3 Months Ended
Mar. 31, 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)March 31, 2025December 31, 2024
Purchased receivables$99,184 $77,727 
Allowance for credit losses - purchased receivables(3,695)(3,649)
Total$95,489 $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 period indicated:

Three Months Ended March 31,
(In Thousands)20252024
Balance at beginning of year$3,649 $— 
   Charge-offs— — 
   Recoveries— — 
Charge-offs net of recoveries— — 
Provision for purchased receivables
46 — 
Balance at end of year$3,695 $—