Loans, Allowance for Loan Losses and Loans Held for Sale (Tables)

3 Months Ended

Mar. 31, 2015

Loans consisted of the following as of March 31, 2015 and December 31, 2014 (in thousands):



	March 31, 2015		December 31, 2014
Term loans	$	508,848	$	466,386
Lines of credit	34,060		24,177
Total unpaid principal balance	542,908		490,563
Net deferred origination costs	13,513		13,544
Total loans	$	556,421	$	504,107

Schedule of Allowance for Loan Losses

The activity in the allowance for loan losses for the three months ended March 31, 2015 and 2014 consisted of the following (in thousands):



	2015			2014
Balance at January 1	$	49,804		$	19,443
Provision for loan losses	23,101			16,579
Loans charged off	(17,864		)	(8,696		)
Recoveries of loans previously charged off	1,754			396
Allowance for loan losses at March 31	$	56,795		$	27,722

Schedule of Non-delinquent and Delinquent Loans

The following table shows an aging analysis of loans by delinquency status as of March 31, 2015 and December 31, 2014 (in thousands):



	March 31, 2015		December 31, 2014
By delinquency status:
Non-delinquent loans	$	472,702	$	430,689
1-14 calendar days past due	24,579		23,954
15-29 calendar days past due	10,876		9,462
30-59 calendar days past due	12,657		10,707
60-89 calendar days past due	10,885		7,724
90 + calendar days past due	11,209		8,027
Total unpaid principal balance	$	542,908	$	490,563

The following table illustrates the loan balance related to non-delinquent, paying and non-paying delinquent loans and the corresponding allowance for loan losses as of March 31, 2015 and December 31, 2014 (in thousands):



	March 31, 2015		December 31, 2014
	Unpaid Principal Balance		Unpaid Principal Balance
Non-delinquent loans	$	472,702	$	430,689
Delinquent: paying (accrual status)	47,711		40,049
Delinquent: non-paying (non-accrual status)	22,495		19,825
Total	$	542,908	$	490,563