Cash America 2012 Annual Report Download - page 146
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CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
121
Changes in the allowance for losses for the Company-owned loans and the liability for estimated losses on the
Company’s guarantees of third-party lender-owned loans for the years ended December 31, 2012, 2011 and 2010 were
as follows (dollars in thousands):
Year Ended December 31, 2012
Short-term
Loans
Line of
Credit
Accounts
Installment
Loans Total
Allowance for losses for Company-owned consumer loans:
Balance at beginning of period $ 46,406 $ 3,723 $ 12,943 $ 63,072
Consumer loan loss provision 202,008 34,793 79,057 315,858
Charge-offs (241,641) (31,399) (69,438) (342,478)
Recoveries 39,209 3,990 6,052 49,251
Balance at end of period $ 45,982 $ 11,107 $ 28,614 $ 85,703
Liability for third-party lender-owned consumer loans:
Balance at beginning of period $ 2,617 $ - $ 445 $ 3,062
Increase in liability 317 - 119 436
Balance at end of period $ 2,934 $ - $ 564 $ 3,498
Year Ended December 31, 2011
Short-term
Loans
Line of
Credit
Accounts
Installment
Loans Total
Allowance for losses for Company-owned consumer loans:
Balance at beginning of period $ 32,942 $ 3,023 $ 2,988 $ 38,953
Consumer loan loss provision 180,791 7,825 36,848 225,464
Charge-offs (196,643) (7,877) (28,201) (232,721)
Recoveries 29,316 752 1,308 31,376
Balance at end of period $ 46,406 $ 3,723 $ 12,943 $ 63,072
Liability for third-party lender-owned consumer loans:
Balance at beginning of period $ 2,610 $ - $ 228 $ 2,838
Increase in liability 7 - 217 224
Balance at end of period $ 2,617 $ - $ 445 $ 3,062