Cash America 2012 Annual Report Download - page 145
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CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
120
6. Consumer Loans, Credit Quality Information on Consumer Loans and Allowances and Liability for
Estimated Losses on Consumer Loans
Consumer loan fee revenue generated from the Company’s consumer loans for the years ended December 31,
2012 and 2011 was as follows (dollars in thousands):
Year Ended December 31,
2012 2011 2010
Interest and fees on short-term loans $ 569,765 $ 510,881 $ 445,220
Interest and fees on line of credit accounts 73,572 30,590 33,655 (a)
Interest and fees on installment loans 138,183 57,175 12,077
Total consumer loan revenue $ 781,520 $ 598,646 $ 490,952
(a)a
a
Includes MLOC receivables, which are participation interests in receivables acquired from a third-party lender in connection with the
MLOC services the Company offered. The Company stopped providing MLOC services on behalf of a third-party lender in October 2010
when the lender discontinued offering MLOC advances.
The components of Company-owned consumer loan portfolio receivables at December 31, 2012 and 2011 was
as follows (dollars in thousands):
As of December 31, 2012
Short-term
Loans
Line of
Credit
Accounts
Installment
Loans Total
Current loans $ 146,732 $ 36,603 $ 117,641 $ 300,976
Delinquent loans 52,565 6,097 15,483 74,145
Total consumer loans, gross 199,297 42,700 133,124 375,121
Less: Allowance for losses (45,982) (11,107) (28,614) (85,703)
Consumer loans, net $ 153,315 $ 31,593 $ 104,510 $ 289,418
As of December 31, 2011
Short-term
Loans
Line of
Credit
Accounts
Installment
Loans Total
Current loans $ 137,672 $ 19,384 $ 59,146 $ 216,202
Delinquent loans 56,884 2,264 10,500 69,648
Total consumer loans, gross 194,556 21,648 69,646 285,850
Less: Allowance for losses (46,406) (3,723) (12,943) (63,072)
Consumer loans, net $ 148,150 $ 17,925 $ 56,703 $ 222,778
The amount of loans on non-accrual status at December 31, 2012 and 2011 was $62.0 million and $58.3
million, respectively.