Cash America 2013 Annual Report Download - page 115

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90
The following table includes information related only to the Company’s short-term consumer loan product and
shows the Company’s loss experience trends for short-term consumer loans for 2012 and 2011 (dollars in thousands):
2012
Short-term consumer loans:
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter Fiscal Year
Consumer loan loss provision $ 44,547 $ 50,561 $ 51,464 $ 55,753 $ 202,325
Charge-offs (net of recoveries) 52,033 44,272 52,403 53,724 202,432
Short-term consumer loans written and renewed:(a)
Company owned $ 497,877 $ 509,304 $ 524,738 $ 553,744 $ 2,085,663
Guaranteed by the Company(b) 217,446 233,666 251,981 262,253 965,346
Combined consumer loans written and renewed $ 715,323 $ 742,970 $ 776,719 $ 815,997 $ 3,051,009
Short-term consumer loan ratios:
Consumer loan loss provision as a % of
combined consumer loans written and renewed(a) 6.2% 6.8% 6.6% 6.8% 6.6%
Charge-offs (net of recoveries) as a % of combined
consumer loans written and renewed(a) 7.3% 6.0% 6.7% 6.6% 6.6%
Consumer loan loss provision as a % of consumer loan
fees 32.6% 36.7% 35.3% 37.3% 35.5%
Allowance and liability for losses as a % of combined
consumer loans and fees receivable, gross(c) 20.5% 21.3% 20.3% 19.2% 19.2%
(
a
)
The disclosure regarding the amount of short-term consumer loans written and renewed is statistical data that is not included in the
Com
p
an
y
's financial statements.
(b)
Represents loans originated by third-party lenders through the CSO programs, which are not included in the Company’s financial
statements.
(
c
)
Non-GAAP measure.
2011
Short-term consumer loans:
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter Fiscal Year
Consumer loan loss provision $ 33,722 $ 37,199 $ 48,065 $ 61,812 $ 180,798
Charge-offs (net of recoveries) 38,137 36,569 41,393 51,228 167,327
Short-term consumer loans written and renewed:(a)
Company owned $ 404,131 $ 455,916 $ 521,131 $ 552,668 $ 1,933,846
Guaranteed by the Company(b) 207,474 210,642 242,215 252,105 912,436
Combined consumer loans written and renewed $ 611,605 $ 666,558 $ 763,346 $ 804,773 $ 2,846,282
Short-term consumer loan ratios:
Consumer loan loss provision as a % of
combined consumer loans written and renewed(a) 5.5% 5.6% 6.3% 7.7% 6.4%
Charge-offs (net of recoveries) as a % of combined
consumer loans written and renewed(a) 6.2% 5.5% 5.4% 6.4% 5.9%
Consumer loan loss provision as a % of consumer loan
fees 30.8% 32.3% 34.8% 41.8% 35.4%
Allowance and liability for losses as a % of combined
consumer loans and fees receivable, gross(c) 18.9% 16.3% 17.7% 19.9% 19.9%
(
a
)
The disclosure regarding the amount of short-term consumer loans written and renewed is statistical data that is not included in the
Com
p
an
y
's financial statements.
(b)
Represents loans originated by third-party lenders through the CSO programs, which are not included in the Company’s financial
statements.
(
c
)
Non-GAAP measure.