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

12 Months Ended

Dec. 31, 2015

Receivables [Abstract]

Schedule of Loans

Loans held for investment consisted of the following as of December 31 (in thousands):

	2015		2014
Term loans	$	482,596	$	466,386
Lines of credit	61,194		24,177
Total unpaid principal balance	543,790		490,563
Net deferred origination costs	8,952		13,544
Total loans held for investment	$	552,742	$	504,107

Schedule of Allowance for Loan Losses

The activity in the allowance for loan losses for the years ended December 31 consisted of the following (in thousands):

	2015			2014			2013
Balance at January 1	$	49,804		$	19,443		$	9,288
Provision for loan losses	74,863			67,432			26,570
Loans charged off	(78,485		)	(39,638		)	(17,651		)
Recoveries of loans previously charged off	7,129			2,567			1,236
Allowance for loan losses at December 31	$	53,311		$	49,804		$	19,443

Schedule of Non-delinquent and Delinquent Loans

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

	2015		2014
Non-delinquent loans	$	486,729	$	430,689
Delinquent: paying (accrual status)	28,192		40,049
Delinquent: non-paying (non-accrual status)	28,869		19,825
Total	$	543,790	$	490,563

The following table shows an aging analysis of the unpaid principal balance related to loans held for investment by delinquency status as of December 31 (in thousands):

	2015		2014
By delinquency status:
Non-delinquent loans	$	486,729	$	430,689
1-14 calendar days past due	21,360		23,954
15-29 calendar days past due	8,703		9,462
30-59 calendar days past due	10,347		10,707
60-89 calendar days past due	7,443		7,724
90 + calendar days past due	9,208		8,027
Total unpaid principal balance	$	543,790	$	490,563

Schedule of Loans Held-for-sale

Loans held for sale consisted of the following as of December 31 (in thousands):

	2015		2014
Loans held for sale	$	696	$	1,483
Net deferred origination costs	10		40
Loans held for sale, net	$	706	$	1,523