Company: CPSS
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001683168-25-001548
Chunk: 1723

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 9C
Chunk 1723
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 in the fair value of finance receivables estimate.

Crowe LLP

We have served as the Company’s auditor since 2008.

Dallas, Texas

March 12, 2025

 F-3 

CONSUMER PORTFOLIO SERVICES, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(In thousands, except share and per share data)

    December 31,  
    December 31, 

    2024  
    2023 
  
    ASSETS 

    Cash and cash equivalents 
    $11,713  
    $6,174 
  
    Restricted cash and equivalents 
     125,684  
     119,257 
  
    Finance receivables measured at fair value 
     3,313,767  
     2,722,662 

    Finance receivables 
     5,420  
     27,553 
  
    Less: Allowance for finance credit losses 
     (433) 
     (2,869)
  
    Finance receivables, net 
     4,987  
     24,684 

    Furniture and equipment, net 
     943  
     1,372 
  
    Deferred tax assets, net 
     1,010  
     3,736 
  
    Other assets 
     35,764  
     25,861 
  
    Total assets 
    $3,493,868  
    $2,903,746 

    LIABILITIES AND SHAREHOLDERS’ EQUITY 

    Liabilities 

    Accounts payable and accrued expenses 
    $70,151  
    $62,544 
  
    Warehouse lines of credit 
     410,898  
     234,025 
  
    Residual interest financing 
     99,176  
     49,875 
  
    Securitization trust debt 
     2,594,384  
     2,265,446 
  
    Subordinated renewable notes 
     26,489  
     17,188 
  
    Total liabilities 
     3,201,098  
     2,629,078 
  
    COMMITMENTS AND CONTINGENCIES 
     –  
     – 
  
    Shareholders’ Equity 

    Preferred stock, $1 par value; authorized 4