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Note 6 - Purchase of Financial Assets
12 Months Ended
Dec. 31, 2016
Notes to Financial Statements  
Transfers and Servicing of Financial Assets [Text Block]
NOTE
6.
PURCHASE OF FINANCIAL ASSETS
 
We have agreed to purchase a maximum par value of
$50.0
million in unsecured consumer home improvement loans. The loans were purchased without recourse or servicing rights. For the period from
May
12,
2014
through
December
31,
2016,
we have purchased
$95.9
million of these loans, and received cash repayments of
$48.9
million for
$47.0
million in net loans outstanding at
December
31,
2016.
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.