Company: CPSS
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001683168-25-005901
Chunk: 18

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 8
Chunk 18
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 financing transaction, qualified institutional
buyers purchased $50.0 million of asset-backed notes secured by residual interests in eleven CPS securitizations consecutively issued
from January 2018 and September 2020. The sold notes (“2021-1 Notes”), issued by CPS Auto Securitization Trust 2021-1, consist
of a single class with a coupon of 7.86%. At June 30, 2025, there was $41.8 million outstanding under this facility.

Unamortized debt issuance costs of $1.7 million
and $824,000 as of June 30, 2025, and December 31, 2024, respectively, have been excluded from the amount reported above for residual
interest financing. Similarly, unamortized debt issuance costs of $3.0 million and $4.3 million as of June 30, 2025, and December 31,
2024, respectively, have been excluded from the warehouse lines of credit amounts in the table above. These debt issuance costs are presented
as a direct deduction to the carrying amount of the debt on our Unaudited Condensed Consolidated Balance Sheets.

     20 

CONSUMER PORTFOLIO SERVICES, INC. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL
STATEMENTS

(5) Interest Income and Interest Expense

The following table presents the components of interest
income: 

    Schedule of interest
    income 

    Three Months Ended  
    Six Months Ended 

    June 30,  
    June 30, 

    2025  
    2024  
    2025  
    2024 

    (In thousands)  
    (In thousands) 
  
    Interest on finance receivables at fair value 
    $103,027 
    $85,099  
    $202,594  
    $165,604 
  
    Interest on finance receivables 
     934  
     1,782  
     2,105  
     4,119 
  
    Other interest income 
     1,401  
     1,486  
     2,596  
     2,932 

    Interest income 
    $105,362 
    $88,367  
    $207,295