Company: CPSS
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001683168-25-001548
Chunk: 1601

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 9A
Chunk 1601
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IDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

There were no transfers in
or out of level 1 or level 2 assets and liabilities for 2024 and 2023. We have no level 3 assets or liabilities that are measured at fair
value on a non-recurring basis.

The estimated fair values of financial assets
and liabilities at December 31, 2024 and 2023, were as follows:

    Schedule of fair values of financial assets and
liabilities 

    As of December 31, 2024 
  
    Financial Instrument 
    (In thousands) 

    Carrying  
    Fair Value Measurements Using:  

    Value  
    Level 1  
    Level 2  
    Level 3  
    Total 
  
    Assets: 

    Cash and cash equivalents 
    $11,713  
    $11,713  
    $–  
    $–  
    $11,713 
  
    Restricted cash and equivalents 
     125,684  
     125,684  
     –  
     –  
     125,684 
  
    Finance receivables, net 
     4,987  
     –  
     –  
     3,996  
     3,996 
  
    Accrued interest receivable 
     65  
     –  
     –  
     65  
     65 
  
    Liabilities: 

    Warehouse lines of credit 
    $410,898  
    $–  
    $–  
    $410,898  
    $410,898 
  
    Accrued interest payable 
     10,663  
     –  
     –  
     10,663  
     10,663 
  
    Securitization trust debt 
     2,594,384  
     –  
     –  
     2,614,352  
     2,614,352 
  
    Subordinated renewable notes 
     26,489  
     –  
     –  
     26,489  
     26,489 

    As of December 31, 2023 
  
    Financial Instrument 
    (In thousands) 

    Carrying