LOANS RECEIVABLE

12 Months Ended

Dec. 31, 2023

The following is a summary of the Company's loans receivable, net:


	December 31,
(In Thousands)	2023		2022
Loans Receivable, Gross	$	176,845	$	184,601
Unamortized Fees	(9,402)		(11,207)
Loans Receivable, Amortized Cost	167,443		173,394
Allowance for Loan Losses	(40,620)		(42,428)
Loans Receivable, Net of Allowances and Unamortized Fees1	$	126,823	$	130,966

1 Loans Receivable, Net of Allowances and Unamortized Fees attributable to Four was $13.9 million and $5.3 million as of December 31, 2023 and 2022, respectively.

The table below presents credit quality indicators of the amortized cost of the Company's loans receivable by origination year:


As of December 31, 2023 (In Thousands)	2023		2022 and Prior		Revolving Loans		Total
FICO Score Category:
600 or Less	$	—	$	—	$	10,909	$	10,909
Between 600 and 700	—		—		120,860		120,860
700 or Greater	—		—		17,919		17,919
No Score Identified	17,755		—		—		17,755
Total Amortized Cost	$	17,755	$	—	$	149,688	$	167,443

Gross Charge-offs by Origination Year for the Year Ended December 31, 2023	$	2,188	$	2,449	$	43,569	$	48,206

Included in the table below is an aging of the loans receivable, gross balance:


(Dollar Amounts in Thousands)	December 31,
Aging Category	2023			2022
30-59 Days Past Due	7.3		%	6.6		%
60-89 Days Past Due	3.8		%	3.5		%
90 or More Days Past Due	5.4		%	5.1		%
Past Due Loans Receivable	16.5		%	15.2		%
Current Loans Receivable	83.5		%	84.8		%
Balance of Credit Card Loans on Nonaccrual Status	$	4,482		$	4,436
Balance of Loans Receivable 90 or More Days Past Due and Still Accruing Interest and Fees	$	—		$	—

The table below presents the components of the allowance for loan losses:


	Year Ended December 31,
(In Thousands)	2023		2022
Beginning Balance	$	42,428	$	40,789
Provision for Loan Losses	40,757		41,232
Charge-offs	(48,206)		(43,979)
Recoveries	5,641		4,386
Ending Balance	$	40,620	$	42,428