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Allowance for Credit Losses (Tables)
 3 Months Ended
Jun. 30, 2016
Loans And Leases Receivable Disclosure [Abstract]  
Allowance for Credit Losses on Finance Receivables and Investments in Operating Leases

The following table provides information related to our allowance for credit losses on finance receivables and investments in operating leases:

 

 

 

Three Months Ended June 30,

 

 

 

 

2016

 

 

2015

 

 

Allowance for credit losses at beginning of period

 

$

535

 

 

$

485

 

 

Provision for credit losses

 

 

52

 

 

 

45

 

 

Charge-offs, net of recoveries

 

 

(98

)

 

 

(63

)

 

Allowance for credit losses at end of period

 

$

489

 

 

$

467

 

 

 
Allowance for Credit Losses and Finance Receivables by Portfolio Segment

The following tables provide information related to our allowance for credit losses and finance receivables by portfolio segment:

 

 

 

Three Months Ended June 30, 2016

 

 

 

Retail Loan

 

 

Dealer Products

 

 

Total

 

Allowance for Credit Losses for Finance Receivables:

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance, April 1, 2016

 

$

289

 

 

$

132

 

 

$

421

 

Charge-offs

 

 

(82

)

 

 

-

 

 

 

(82

)

Recoveries

 

 

13

 

 

 

-

 

 

 

13

 

Provisions

 

 

58

 

 

 

(44

)

 

 

14

 

Ending balance, June 30, 2016

 

$

278

 

 

$

88

 

 

$

366

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance: Individually evaluated for impairment

 

$

-

 

 

$

30

 

 

$

30

 

Ending balance: Collectively evaluated for impairment

 

$

278

 

 

$

58

 

 

$

336

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Finance Receivables:

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance, June 30, 2016

 

$

50,148

 

 

$

15,940

 

 

$

66,088

 

Ending balance: Individually evaluated for impairment

 

$

-

 

 

$

467

 

 

$

467

 

Ending balance: Collectively evaluated for impairment

 

$

50,148

 

 

$

15,473

 

 

$

65,621

 

 

 

 

Three Months Ended June 30, 2015

 

 

 

Retail Loan

 

 

Commercial

 

 

Dealer Products

 

 

Total

 

Allowance for Credit Losses for Finance Receivables:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance, April 1, 2015

 

$

299

 

 

$

2

 

 

$

108

 

 

$

409

 

Charge-offs

 

 

(60

)

 

 

(1

)

 

 

-

 

 

 

(61

)

Recoveries

 

 

15

 

 

 

-

 

 

 

-

 

 

 

15

 

Provisions

 

 

25

 

 

 

-

 

 

 

7

 

 

 

32

 

Ending balance, June 30, 2015

 

$

279

 

 

$

1

 

 

$

115

 

 

$

395

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance: Individually evaluated for impairment

 

$

-

 

 

$

-

 

 

$

60

 

 

$

60

 

Ending balance: Collectively evaluated for impairment

 

$

279

 

 

$

1

 

 

$

55

 

 

$

335

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Finance Receivables:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance, June 30, 2015

 

$

50,751

 

 

$

542

 

 

$

15,762

 

 

$

67,055

 

Ending balance: Individually evaluated for impairment

 

$

-

 

 

$

-

 

 

$

412

 

 

$

412

 

Ending balance: Collectively evaluated for impairment

 

$

50,751

 

 

$

542

 

 

$

15,350

 

 

$

66,643

 

 
Past Due Finance Receivables and Investments in Operating Leases

The following table shows aggregate balances of finance receivables and investments in operating leases 60 or more days past due:

 

 

June 30,

 

 

March 31,

 

 

 

2016

 

 

2016

 

Aggregate balances 60 or more days past due

 

 

 

 

 

 

 

 

Finance receivables

 

$

239

 

 

$

189

 

Investments in operating leases

 

 

97

 

 

 

80

 

Total

 

$

336

 

 

$

269

 

 
Past Due Finance Receivables by Class

The following tables summarize the aging of finance receivables by class:

 

 

 

June 30, 2016

 

 

 

30 - 59 Days

Past Due

 

 

60 - 89 Days

Past Due

 

 

90 Days or

Greater

Past Due

 

 

Total Past

Due

 

 

Current

 

 

Total Finance

Receivables

 

 

90 Days or

Greater Past

Due and

Accruing

 

Retail loan

 

$

648

 

 

$

170

 

 

$

69

 

 

$

887

 

 

$

49,261

 

 

$

50,148

 

 

$

47

 

Wholesale

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

9,445

 

 

 

9,445

 

 

 

-

 

Real estate

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

4,688

 

 

 

4,688

 

 

 

-

 

Working capital

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

1,807

 

 

 

1,807

 

 

 

-

 

Total

 

$

648

 

 

$

170

 

 

$

69

 

 

$

887

 

 

$

65,201

 

 

$

66,088

 

 

$

47

 

 

 

 

 

March 31, 2016

 

 

 

30 - 59 Days

Past Due

 

 

60 - 89 Days

Past Due

 

 

90 Days or

Greater

Past Due

 

 

Total Past

Due

 

 

Current

 

 

Total Finance

Receivables

 

 

90 Days or

Greater Past

Due and

Accruing

 

Retail loan

 

$

584

 

 

$

129

 

 

$

60

 

 

$

773

 

 

$

49,590

 

 

$

50,363

 

 

$

35

 

Wholesale

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

9,262

 

 

 

9,262

 

 

 

-

 

Real estate

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

4,704

 

 

 

4,704

 

 

 

-

 

Working capital

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

1,933

 

 

 

1,933

 

 

 

-

 

Total

 

$

584

 

 

$

129

 

 

$

60

 

 

$

773

 

 

$

65,489

 

 

$

66,262

 

 

$

35