Company: CVCO
Filing Date: 2025-01-31
Form Type: 10-Q
Source: 0000278166-25-000007
Chunk: 29

Company: CAVCO INDUSTRIES, INC.
Filing Date: 2025-01-31
Form: 10-Q
Item: Part I, Item 1
Chunk 29
---
45,656 

7

The following table disaggregates the outstanding principal balance of consumer loans receivable by credit quality indicator and fiscal year of origination (in thousands):December 28, 202420252024202320222021PriorTotalPrime- FICO score 680 and greater$15,726 $9,225 $324 $93 $766 $13,859 $39,993 Near Prime- FICO score 620-6792,426 1,325 — — 1,033 8,874 13,658 Sub-Prime- FICO score less than 620310 — — — 17 695 1,022 No FICO score252 443 — — — 281 976 $18,714 $10,993 $324 $93 $1,816 $23,709 $55,649 March 30, 202420242023202220212020PriorTotalPrime- FICO score 680 and greater$14,107 $328 $96 $885 $1,808 $14,425 $31,649 Near Prime- FICO score 620-6791,633 — — 1,202 942 8,684 12,461 Sub-Prime- FICO score less than 620— — — 18 49 723 790 No FICO score447 — — — — 309 756 $16,187 $328 $96 $2,105 $2,799 $24,141 $45,656 As of December 28, 2024, 55% of the outstanding principal balance of the consumer loans receivable portfolio was concentrated in Texas. As of March 30, 2024, 46% of the outstanding principal balance of the consumer loans receivable portfolio was concentrated in Texas and 10% was concentrated in Florida. Other than Texas and Florida, no state had concentrations in excess of 10% of the outstanding principal balance of the consumer loans receivable as of December 28, 2024 or March 30, 2024.

7. Commercial Loans Receivable

The commercial loans receivable balance consists of direct financing arrangements for the home product needs of our independent distributors, community owners and developers.Commercial loans receivable, net consisted of