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

6 Months Ended

Jun. 30, 2015

Loans consisted of the following as of June 30, 2015 and December 31, 2014 (in thousands):



	June 30, 2015		December 31, 2014
Term loans	$	461,657	$	466,386
Lines of credit	41,731		24,177
Total unpaid principal balance	503,388		490,563
Net deferred origination costs	10,531		13,544
Total loans	$	513,919	$	504,107

Schedule of Allowance for Loan Losses

The activity in the allowance for loan losses for the three and six months ended June 30, 2015 and 2014 consisted of the following (in thousands):



	Three Months Ended June 30,						Six Months Ended June 30,
	2015			2014			2015			2014
Balance - beginning of period	$	56,795		$	27,723		$	49,804		$	19,443
Provision for loan losses	15,526			13,073			38,626			29,652
Loans charged off	(21,155		)	(9,382		)	(39,014		)	(18,059		)
Recoveries of loans previously charged off	1,886			486			3,636			864
Allowance for loan losses - end of period	$	53,052		$	31,900		$	53,052		$	31,900

Schedule of Non-delinquent and Delinquent Loans

The following table shows an aging analysis of the unpaid principal balance of loans by delinquency status as of June 30, 2015 and December 31, 2014 (in thousands):



	June 30, 2015		December 31, 2014
By delinquency status:
Non-delinquent loans	$	440,841	$	430,689
1-14 calendar days past due	22,215		23,954
15-29 calendar days past due	8,491		9,462
30-59 calendar days past due	9,910		10,707
60-89 calendar days past due	9,819		7,724
90 + calendar days past due	12,112		8,027
Total unpaid principal balance	$	503,388	$	490,563

The following table illustrates the unpaid principal balance of loans related to non-delinquent, paying and non-paying delinquent loans as of June 30, 2015 and December 31, 2014 (in thousands):



	June 30, 2015		December 31, 2014
Non-delinquent loans	$	440,841	$	430,689
Delinquent: paying (accrual status)	41,794		40,049
Delinquent: non-paying (non-accrual status)	20,753		19,825
Total	$	503,388	$	490,563