Loan Loss Allowance and Credit Quality (Tables)

6 Months Ended

Jun. 30, 2014

Loans and Leases Receivable, Allowance [Abstract]

Summary of Activity in Loan Loss Allowance

	Six Months Ended June 30, 2014									Six Months Ended June 30, 2013
	Retail Installment Contracts Acquired Individually			Receivables from Dealers Held for Investment			Unsecured Consumer Loans			Retail Installment Contracts Acquired Individually			Receivables from Dealers Held for Investment		Unsecured Consumer Loans
Balance — beginning of period	$	2,132,634		$	1,090		$	179,350		$	1,555,362		$	—	$	—
Provision for loan losses	1,184,068			(167		)	132,341			626,922			1,490		39,256
Charge-offs	(1,453,530		)	—			(107,914		)	(754,121		)			(6		)
Recoveries	805,415			—			9,177			436,150			—		—
Balance — end of period	$2,668,587			$	923		$	212,954		$	1,864,313		$	1,490	$	39,250

The activity in the loan loss allowance for individually acquired loans for the three and six months ended June 30, 2014 and 2013 was as follows: 

	Three Months Ended June 30, 2014									Three Months Ended June 30, 2013
	Retail Installment Contracts Acquired Individually			Receivables from Dealers Held for Investment			Unsecured Consumer Loans			Retail Installment Contracts Acquired Individually			Receivables from Dealers Held for Investment		Unsecured Consumer Loans
Balance — beginning of period	$	2,444,552		$	1,035		$	203,190		$	1,660,612		$	—	$	—
Provision for loan losses	527,362			(112		)	70,212			375,281			1,490		39,256
Charge-offs	(700,965		)	—			(66,966		)	(369,395		)	—		(6		)
Recoveries	397,638			—			6,518			197,815			—		—
Balance — end of period	$	2,668,587		$	923		$	212,954		$	1,864,313		$	1,490	$	39,250

Summary of Activity in Loan Loss Allowance Related to Purchased Receivables Portfolios

The activity in the impairment reserves related to purchased receivables portfolios for the three and six months ended June 30, 2014 and 2013 was as follows:

	Three Months Ended   June 30,						Six Months Ended   June 30,
	2014			2013			2014			2013
Balance — beginning of period	$	206,170		$	184,192		$	226,356		$	218,640
Incremental provisions for purchased receivable portfolios	350			18,314			1,675			39,976
Incremental reversal of provisions for purchased receivable portfolios	(8,676		)	(25,930		)	(30,187		)	(82,040		)
Balance — end of period	$	197,844		$	176,576		$	197,844		$	176,576

Summary of Delinquencies

June 30, 2014 and December 31, 2013 is as follows: 

	June 30, 2014
	Retail Installment Contracts Held for Investment						Receivables from Dealers Held for Investment		Unsecured Consumer Loans
	Loans Acquired Individually		Purchased Receivables Portfolios		Total
Principal, current	$	21,047,173	$	981,616	$	22,028,789	$	85,885	$	1,283,884
Principal, 31-60 days past due	1,829,261		194,069		2,023,330		—		45,382
Delinquent principal over 60 days	799,455		97,122		896,577		—		119,443
Total principal	$	23,675,889	$	1,272,807	$	24,948,696	$	85,885	$	1,448,709

	December 31, 2013
	Retail Installment Contracts Held for Investment						Receivables from Dealers Held for Investment		Unsecured Consumer Loans
	Loans Acquired Individually		Purchased Receivables Portfolios		Total
Principal, current	$	18,653,827	$	1,457,813	$	20,111,640	$	95,835	$	1,072,316
Principal, 31-60 days past due	1,729,139		321,549		2,050,688		—		28,102
Delinquent principal over 60 days	855,315		181,698		1,037,013		—		65,360
Total principal	$	21,238,281	$	1,961,060	$	23,199,341	$	95,835	$	1,165,778

Summary of Credit Risk Profile

A summary of the credit risk profile of the Company’s consumer loans by FICO® distribution, determined at origination, as of June 30, 2014 and December 31, 2013 was as follows:

June 30, 2014
	Retail Installment	Unsecured
	Contracts Held	Consumer
FICO Band	for Investment	Loans
<540	26.7%	10.0%
540-599	32.3%	21.3%
600-659	26.5%	40.9%
>660	14.5%	27.8%

December 31, 2013
	Retail Installment	Unsecured
	Contracts Held	Consumer
FICO Band	for Investment	Loans
<540	26.8%	6.3%
540-599	31.8%	24.2%
600-659	26.3%	39.4%
>660	15.1%	30.1%

Summary Commercial Loan Credit Quality Indicators for Receivables from Dealers Held for Investment

Commercial loan credit quality indicators for receivables from dealers held for investment as of June 30, 2014 and December 31, 2013 were as follows:

	June 30, 2014		December 31, 2013
Pass	$	83,754	$	95,835
Special Mention	2,131		—
Substandard	—		—
Doubtful	—		—
Loss	—		—
	$	85,885	$	95,835

Summary of Company's TDRs

The table below presents the Company’s loans modified in TDRs as of June 30, 2014 and December 31, 2013: 

	June 30, 2014						December 31, 2013
	Retail Installment Contracts			Unsecured Consumer Loans			Retail Installment Contracts			Unsecured Consumer Loans
Total TDR principal	$	3,151,614		$	19,540		$	2,604,351		$	8,391
Accrued interest	85,218			—			70,965			—
Discount	(87,743		)	(58		)	(70,321		)	(274		)
Origination costs	4,682			18			4,161			5
Outstanding recorded investment	3,153,771			19,500			2,609,156			8,122
Allowance for loan losses	(551,767		)	(6,040		)	(475,128		)	(2,345		)
Outstanding recorded investment, net of allowance	$	2,602,004		$	13,460		$	2,134,028		$	5,777

Summary of Performing and Nonperforming TDRs

A summary of the Company’s performing and non-performing TDRs at June 30, 2014 and December 31, 2013, is as follows:

	June 30, 2014				December 31, 2013
	Retail Installment Contracts		Unsecured Consumer Loans		Retail Installment Contracts		Unsecured Consumer Loans
Current	$	2,171,354	$	13,008	$	1,690,893	$	6,120
31-60 days past due	635,787		972		556,489		875
Greater than 60 days past due (non-performing)	344,473		5,560		356,969		1,396
Total TDRs	$	3,151,614	$	19,540	$	2,604,351	$	8,391

Average Recorded Investment and Income Recognized on TDR Loans

Average recorded investment and income recognized on TDR loans are as follows:

	Three Months Ended								Six Months Ended
	June 30, 2014				June 30, 2013				June 30, 2014				June 30, 2013
	Retail Installment Contracts		Unsecured Consumer Loans		Retail Installment Contracts		Unsecured Consumer Loans		Retail Installment Contracts		Unsecured Consumer Loans		Retail Installment Contracts		Unsecured Consumer Loans
Average outstanding recorded investment in TDRs	$	2,979,944	$	14,570	$	1,683,372	$	62	$	2,856,348	$	12,510	$	1,628,540	$	41
Interest income recognized	$	112,138	$	391	$	38,260	$	1	$	232,589	$	720	$	130,401	$	1

Summary of Loan Modification Accounted as TDRs

The following table summarizes the financial effects of loan modifications accounted for as TDRs that occurred during the three and six months ended June 30, 2014 and 2013:

	Three Months Ended
	June 30, 2014				June 30, 2013
	Retail Installment Contracts		Unsecured Consumer Loans		Retail Installment Contracts		Unsecured Consumer Loans
Troubled Debt Restructurings:
Outstanding recorded investment before TDR	$	743,664	$	4,637	$	473,775	$	150
Outstanding recorded investment after TDR	$	699,158	$	4,573	$	444,971	$	149
Number of contracts	44,524		4,116		29,797		143

	Six Months Ended
	June 30, 2014				June 30, 2013
	Retail Installment Contracts		Unsecured Consumer Loans		Retail Installment Contracts		Unsecured Consumer Loans
Troubled Debt Restructurings:
Outstanding recorded investment before TDR	$	1,367,673	$	6,748	$	764,636	$	150
Outstanding recorded investment after TDR	$	1,280,211	$	6,667	$	733,812	$	149
Number of contracts	83,753		6,135		50,271		143

Summary of Defaults in Loan Modifications Accounted as TDRs

Loan modifications accounted for as TDRs within the previous 12 months that subsequently defaulted during the three and six months ended June 30, 2014 and 2013 are summarized in the following table:

	Three Months Ended
	June 30, 2014			June 30, 2013
	Retail Installment Contracts		Unsecured Consumer Loans	Retail Installment Contracts		Unsecured Consumer Loans
Troubled debt restructurings that subsequently defaulted	$	70,811	(a)	$	24,471	$	—
Number of contracts	7,234		(a)	2,609		—

	Six Months Ended
	June 30, 2014			June 30, 2013
	Retail Installment Contracts		Unsecured Consumer Loans	Retail Installment Contracts		Unsecured Consumer Loans
Troubled debt restructurings that subsequently defaulted	$	120,275	(a)	$	38,491	$	—
Number of contracts	13,123		(a)	4,234		—

(a) Subsequent defaults on unsecured consumer loan TDRs were immaterial for the periods presented.