Cash America 2013 Annual Report Download - page 99

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74
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 2013 and 2012 (dollars in thousands):
2013
Short-term consumer loans:
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter Fiscal Year
Consumer loan loss provision $ 45,166 $ 42,931 $ 41,806 $ 33,567 $ 163,470
Charge-offs (net of recoveries) 49,965 42,541 49,271 43,862 185,639
Short-term consumer loans written and renewed:(a)
Company owned $ 510,875 $ 489,356 $ 435,837 $ 398,781 $ 1,834,849
Guaranteed by the Company(b) 215,824 190,421 211,426 209,965 827,636
Combined consumer loans written and renewed $ 726,699 $ 679,777 $ 647,263 $ 608,746 $ 2,662,485
Short-term consumer loan ratios:
Consumer loan loss provision as a % of
combined consumer loans written and renewed(a) 6.2% 6.3% 6.5% 5.5% 6.1%
Charge-offs (net of recoveries) as a % of combined
consumer loans written and renewed(a) 6.9% 6.3% 7.6% 7.2% 7.0%
Consumer loan loss provision as a % of consumer loan
fees 32.2% 33.9% 35.2% 32.2% 33.4%
Allowance and liability for losses as a % of combined
consumer loans and fees receivable, gross(c) 21.8% 21.3% 20.0% 15.1% 15.1%
(
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.
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.