Company: ATLCL
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001437749-25-015559
Chunk: 154

Company: Atlanticus Holdings Corp
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 154
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 table presents (in thousands) a reconciliation of the beginning and ending balances for the three months ended  March 31, 2025 and 2024: 

       Loans at Fair Value  
   2025    2024  
 Balance at January 1,      $2,630,274      $2,173,759 
 Changes in fair value of loans at fair value, included in earnings   55,164       72,508     
 Changes in fair value due to current period principal charge-offs, net of recoveries (1)   (163,533)      (167,956)    
 Changes in fair value due to current period finance and fee charge-offs (1)   (69,976)      (63,723)    
 Total Changes in fair value of loans (2)       (178,345)      (159,171)
 Purchases       612,991       530,095 
 Finance and fees, added to the account balance       288,923       248,075 
 Settlements       (685,340)      (642,122)
 Balance at March 31,(3)      $2,668,503      $2,150,636 
 Aggregate unpaid gross balance of loans carried at fair value      $2,706,264      $2,318,104 
 Change in unrealized losses for the period included in earnings (or changes in net assets) for assets held at the end of the period      $55,164      $72,508 

   (1)Reflects the current period charge-offs (net of recoveries) of loans at fair value.
(2)Total Changes in fair value of loans is included in our condensed consolidated statements of income.
(3)As of  March 31, 2025 and  March 31, 2024, the aggregate unpaid principal balance included within loans at fair value was $2,462 million and $2,105 million, respectively.

   The unrealized gains and losses for assets within the Level 3 category presented in the tables above include changes in fair value that are attributable to both observable and unobservable inputs.
    
   Loans at Fair Value. The fair value of Loans at fair value is based on the present value of future cash flows