CONSUMER LOANS (Tables)

6 Months Ended

Jun. 30, 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)
June 30, 2024



SpringCastle	$	231,945	$	244,578	18.2	%	3.8
Marcus	779,708		701,789		10.9	%	0.9
Total consumer loans	$	1,011,653	$	946,367	12.5	%	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:


	June 30, 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	$	227,741	$	240,197	$	12,456	$	255,441	$	280,577	$	25,136
90+	4,204		4,381		177		4,661		5,055		394
Total SpringCastle	$	231,945	$	244,578	$	12,633	$	260,102	$	285,632	$	25,530

Marcus
Current	$	690,063	$	621,103	$	(68,960)	$	1,014,404	$	956,076	$	(58,328)
90+	89,645		80,686		(8,959)		34,268		32,297		(1,971)
Total Marcus	$	779,708	$	701,789	$	(77,919)	$	1,048,672	$	988,373	$	(60,299)

	$	1,011,653	$	946,367	$	(65,286)	$	1,308,774	$	1,274,005	$	(34,769)

(A)Consumer loans are carried at fair value under the fair value option election. See Note 19 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)	10,098
Proceeds from repayments	(302,325)
Accretion of loan discount and premium amortization, net	15,978
Fair value adjustments due to:
Changes in instrument-specific credit risk	(31,634)
Other factors	(19,755)
Balance at June 30, 2024	$	946,367

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