Cash America 2010 Annual Report Download - page 83

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54
2008
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter
Consumer loan balances and fees receivable:
Gross - Company owned $ 94,994 $ 112,893 $ 112,335 $ 105,345
Gross - Guaranteed by the Company 29,469 32,760 31,016 34,945
Combined consumer loans and fees receivable, gross(a) $ 124,463 $ 145,653 $ 143,351 $ 140,290
Allowance and accrual for losses on consumer loans 22,803 29,710 27,258 23,630
Combined consumer loans and fees receivable, net(a) $ 101,660 $ 115,943 $ 116,093 $ 116,660
Allowance and accrual for losses and accrued third-
party lender losses as a % of combined consumer loans
and fees receivable, net(a) 18.3% 20.4% 19.0% 16.8%
(a)
N
on-GAAP measure.
Consumer Loans Written. The amount of combined consumer loans written increased $257.4 million, or
12.4%, to $2.3 billion in 2009, from $2.1 billion in 2008, mainly due to increases in demand for consumer loans in the
e-commerce segment in domestic markets. Combined consumer loans written includes $1.5 billion and $1.4 billion at
December 31, 2009 and 2008, respectively, of Company-owned consumer loans written, and $802.4 million and
$680.7 million at December 31, 2009 and 2008, respectively, of consumer loans written that were guaranteed by the
Company. The average amount per consumer loan decreased to $432 from $434 during 2009 over 2008, primarily due
to a higher percentage of loans written in the Company’s MLOC services channel, which typically has a lower average
amount per loan.
The following table summarizes the consumer loans written for the years ended December 31, 2009 and 2008
(dollars in thousands, except average amount per consumer loan):
Year Ended December 31,
2009 2008
Company
Owned(a)
Guaranteed
by the
Company(a) Combined(b)
Company
Owned(a)
Guaranteed
by the
Company(a) Combined(b)
Amount of consumer loans written:
Retail Services $ 706,066 $ 220,650 $ 926,716 $ 645,990 $ 231,514 $ 877,504
Online Lending 696,821 581,740 1,278,561 727,652 449,221 1,176,873
MLOC 126,457 - 126,457 19,979 - 19,979
Total consumer loans written $ 1,529,344 $ 802,390 $ 2,331,734 $ 1,393,621 $ 680,735 $ 2,074,356
Average amount per consumer loan:
Retail Services $ 431 $ 560 $ 456 $ 355 $ 505 $ 386
Online Lending 403 704 500 422 672 492
MLOC 157 - 157 171 - 171
Combined $ 366 $ 658 $ 432 $ 381 $ 605 $ 434
(a) GAAP measure.
(b) Non-GAAP measure.