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Loans Receivable
 12 Months Ended
Dec. 31, 2016
Receivables [Abstract]  
Loans Receivables
LOANS RECEIVABLE
The following is a summary of the Company’s loans receivable, net:
 
December 31,
(In Thousands)
2016
 
2015
Credit Card Loans
$
64,794

 
$
13,900

Acquired Loans
33,840

 
74,866

Loans Receivable, Gross
98,634

 
88,766

 


 
 
Allowance for Loan Losses
(6,624
)
 
(937
)
Unamortized Fees
(7,206
)
 
(2,034
)
Loans Receivable, Net of Allowances and Unamortized Fees
$
84,804

 
$
85,795



Included in the table below is an aging of the loans receivable, gross balance:
(Dollar Amounts in Thousands)
December 31,
Aging Category1
2016
 
2015
30-59 Days Past Due
6.8
%
 
7.9
%
60-89 Days Past Due
3.2
%
 
3.3
%
90 or more Days Past Due
4.3
%
 
4.1
%
Past Due Loans Receivable
14.3
%
 
15.3
%
Current Loans Receivable
85.7
%
 
84.7
%
Balance of Credit Card Loans on Nonaccrual Status
$
1,072

 
$
—

Balance of Loans Receivable 90 or More Days Past Due and Still Accruing Interest and Fees
$
—

 
$
—

1 This aging is based on the contractual amounts outstanding for each loan as of period end, and does not reflect the fair value adjustments for the Acquired Loans.

The table below presents the components of the allowance for loan losses:
 
December 31,
(In Thousands)
2016
 
2015
Beginning Balance1
$
937

 
$
—

Provision for Loan Losses
11,251

 
937

Charge-offs
(5,675
)
 
—

Recoveries
111

 
—

Ending Balance
$
6,624

 
$
937

1 The Company acquired DAMI on October 15, 2015 and recorded $89.1 million of loans receivable as of the acquisition date. No corresponding allowance for loan losses was recorded as the loans receivable were established at fair value in acquisition accounting.