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Loans Receivable
 9 Months Ended
Sep. 30, 2018
Receivables [Abstract]  
Loans Receivable
LOANS RECEIVABLE
The following is a summary of the Company’s loans receivable, net:
(In Thousands)
September 30, 2018
 
December 31, 2017
Credit Card Loans1
$
90,944

 
$
89,728

Acquired Loans2
7,656

 
16,213

Loans Receivable, Gross
98,600

 
105,941

 
 
 
 
Allowance for Loan Losses
(13,138
)
 
(11,454
)
Unamortized Fees
(7,400
)
 
(8,375
)
Loans Receivable, Net of Allowances and Unamortized Fees
$
78,062

 
$
86,112


1 "Credit Card Loans" are loans originated after the 2015 acquisition of DAMI.
2 "Acquired Loans" are credit card loans the Company purchased in the 2015 acquisition of DAMI.
Included in the table below is an aging of the loans receivable, gross balance:
(Dollar Amounts in Thousands)
 
 
 
Aging Category1
September 30, 2018
 
December 31, 2017
30-59 days past due
7.0
%
 
7.1
%
60-89 days past due
3.4
%
 
3.6
%
90 or more days past due
4.5
%
 
4.1
%
Past due loans receivable
14.9
%
 
14.8
%
Current loans receivable
85.1
%
 
85.2
%
Balance of Credit Card Loans on Nonaccrual Status
$
2,016

 
$
2,016

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:
 
Nine Months Ended
 
Year Ended
(In Thousands)
September 30, 2018
 
December 31, 2017
Beginning Balance1
$
11,454

 
$
6,624

Provision for Loan Losses
16,011

 
20,973

Charge-offs
(15,504
)
 
(16,852
)
Recoveries
1,177

 
709

Ending Balance
$
13,138

 
$
11,454

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.