Cash America 2011 Annual Report Download - page 98

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67
Number of consumer loans written:
Retail Services
Short-term loans 1,602,914 347,008 1,949,922 1,593,006 394,303 1,987,309
Installment loans 2,034 1,187 3,221 - - -
Total Retail Services 1,604,948 348,195 1,953,143 1,593,006 394,303 1,987,309
E-Commerce
D
omestic
Short-term loans 1,284,299 1,135,762 2,420,061 1,312,109 813,105 2,125,214
Installment loans 34,305 - 34,305 17,195 - 17,195
MLOC 1,451,330 - 1,451,330 804,795 - 804,795
Total Domestic 2,769,934 1,135,762 3,905,696 2,134,099 813,105 2,947,204
F
oreign
Short-term loans 865,996 52,460 918,456 400,989 12,940 413,929
Installment loans 5,018 - 5,018 - - -
Total Foreign 871,014 52,460 923,474 400,989 12,940 413,929
Total E-Commerce 3,640,948 1,188,222 4,829,170 2,535,088 826,045 3,361,133
Total number of consumer loans written 5,245,896 1,536,417 6,782,313 4,128,094 1,220,348 5,348,442
(a) The disclosure regarding the amount and number of consumer loans written is statistical data that is not included in the
Company’s financial statements.
(b) Loans guaranteed by the Company represent loans originated by third-party lenders through the CSO programs.
Consumer loan loss experience. The combined allowance and liability for estimated losses as a percentage of
combined consumer loans and fees receivable increased in 2010 to 18.1%, from 16.3% in 2009, predominately due to
the change in the mix of loans in the e-commerce segment, as discussed in the “Consumer loan loss provision” section
above. In addition, the allowance as a percentage of combined consumer loans and fees increased as a result of higher
allowances on unpaid balances resulting from the sudden interruption in the MLOC channel during the fourth quarter of
2010, as the remaining outstanding balance of the consumer loans in the MLOC channel was fully reserved as of
December 31, 2010.
The following tables show consumer loan information by quarter for 2010 and 2009 (dollars in thousands):
2010
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter
Consumer loan balances and fees receivable:
Gross - Company owned $ 124,844 $ 152,018 $ 175,066 $ 178,330
Gross - Guaranteed by the Company(a) 40,999 51,141 48,416 52,568
Combined consumer loans and fees receivable, gross(b) $ 165,843 $ 203,159 $ 223,482 $ 230,898
Allowance and liability for losses on consumer loans 28,116 40,048 48,376 41,791
Combined consumer loans and fees receivable, net(b) $ 137,727 $ 163,111 $ 175,106 $ 189,107
Allowance and liability for losses and accrued third-
party lender losses as a % of combined consumer loans
and fees receivable, gross(b) 17.0% 19.7% 21.6% 18.1%
(
a
)
Represents loans originated by third-party lenders through the CSO programs, which are not included in the Company's
financial statements.
(b)
Non-GAAP measure.
2010 2009
Company
Owned(a)
Guaranteed
by the
Company(a)(b) Combined(a)
Company
Owned(a)
Guaranteed
by the
Company(a)(b) Combined(a)