CONSUMER LOANS (Tables)

3 Months Ended

Mar. 31, 2024

The following table summarizes characteristics of the consumer loan portfolio measured at fair value:


	Unpaid Principal Balance		Carrying Value		Weighted Average Coupon		Weighted Average Expected Life (Years)
March 31, 2024



SpringCastle	$	246,553	$	267,948	18.2	%	3.8
Marcus	908,089		835,851		10.1	%	1.0
Total consumer loans	$	1,154,642	$	1,103,799	11.8	%	1.6
December 31, 2023



SpringCastle	$	260,102	$	285,632	18.2	%	3.7
Marcus	1,048,672		988,373		10.5	%	1.2
Total consumer loans	$	1,308,774	$	1,274,005	12.0	%	1.7

The following table summarizes the past due status and difference between the aggregate UPB and the aggregate carrying value of consumer loans:


	March 31, 2024						December 31, 2023
Days Past Due	UPB		Carrying Value(A)		Carrying Value Over (Under) UPB		UPB		Carrying Value(A)		Carrying Value Over (Under) UPB
SpringCastle
Current	$	241,454	$	262,483	$	21,029	$	255,441	$	280,577	$	25,136
90+	5,099		5,465		366		4,661		5,055		394
Total SpringCastle	$	246,553	$	267,948	$	21,395	$	260,102	$	285,632	$	25,530

Marcus
Current	$	842,297	$	775,293	$	(67,004)	$	1,014,404	$	956,076	$	(58,328)
90+	65,792		60,558		(5,234)		34,268		32,297		(1,971)
Total Marcus	$	908,089	$	835,851	$	(72,238)	$	1,048,672	$	988,373	$	(60,299)

	$	1,154,642	$	1,103,799	$	(50,843)	$	1,308,774	$	1,274,005	$	(34,769)

(A)Consumer loans are carried at fair value under the fair value option election. See Note 20 regarding fair value measurements.

The following table summarizes the activity for consumer loans for the period:


	Total
Balance at December 31, 2023	$	1,274,005

Purchases	—
Additional fundings(A)	4,113
Proceeds from repayments	(154,354)
Accretion of loan discount and premium amortization, net	10,152
Fair value adjustments due to:
Changes in instrument-specific credit risk	(22,961)
Other factors	(7,156)
Balance at March 31, 2024	$	1,103,799

(A)Represents draws on consumer loans with revolving privileges.