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

9 Months Ended

Sep. 30, 2018

Loans held for investment consisted of the following as of September 30, 2018 and December 31, 2017 (in thousands):



	September 30, 2018		December 31, 2017
Term loans	$	928,091	$	804,227
Lines of credit	167,702		132,012
Total unpaid principal balance	1,095,792		936,239
Net deferred origination costs	22,036		16,557
Total loans held for investment	$	1,117,828	$	952,796

Schedule of Allowance for Loan Losses

The change in the allowance for loan losses for the three months and nine months ended September 30, 2018 and 2017 consisted of the following (in thousands):



	Three Months Ended September 30,						Nine Months Ended September 30,
	2018			2017			2018			2017
Balance at beginning of period	$	124,058		$	105,217		$	109,015		$	110,162
Recoveries of loans previously charged off	3,306			5,330			9,857			12,173
Loans charged off	(32,822		)	(45,257		)	(93,916		)	(135,958		)
Provision for loan losses	39,102			39,582			108,688			118,495
Allowance for loan losses at end of period	$	133,644		$	104,872		$	133,644		$	104,872

Schedule of Non-delinquent and Delinquent Loans

The following table shows an aging analysis of the unpaid principal balance related to loans held for investment by delinquency status as of September 30, 2018 and December 31, 2017 (in thousands):



	September 30, 2018		December 31, 2017
By delinquency status:
Current loans	$	1,002,932	$	850,060
1-14 calendar days past due	22,573		23,611
15-29 calendar days past due	10,261		12,528
30-59 calendar days past due	18,671		22,059
60-89 calendar days past due	15,161		12,809
90 + calendar days past due	26,194		15,172
Total unpaid principal balance	$	1,095,792	$	936,239

The following table contains information, on a combined basis, regarding the unpaid principal balance of loans we originated and the amortized cost of loans purchased from third parties other than our issuing bank partner related to current, paying and non-paying delinquent loans as of September 30, 2018 and December 31, 2017 (in thousands):



	September 30, 2018		December 31, 2017
Current loans	$	1,002,932	$	850,060
Delinquent: paying (accrual status)	52,275		49,252
Delinquent: non-paying (non-accrual status)	40,585		36,927
Total	$	1,095,792	$	936,239