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Note 15 - Purchase of Financial Assets
9 Months Ended
Sep. 30, 2016
Notes to Financial Statements  
Transfers and Servicing of Financial Assets [Text Block]
NOTE 15. PURCHASE OF FINANCIAL ASSETS
 
On May 12, 2014, we agreed to purchase $40.0 million of unsecured consumer home improvement loans. The loans were purchased without recourse or servicing rights. During 2015, we agreed to purchase an additional $10.0 million increasing the maximum par value to $50.0 million. For the period from May 12, 2014 through September 30, 2016, we have paid aggregate cash totaling $90.9 million, and received aggregate cash repayments of $43.3 million for $47.6 million in net loans outstanding. We initially measured the acquired loan portfolio at a fair equal to the price paid to acquire the portfolio as the difference between the par value and cash purchase price represents the fair value adjustment.