Company: CPSS
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001683168-25-003436
Chunk: 15

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 15
---
 Vintage Pool 

    2015 and prior 
     158  
     294 
  
    2016 
     739  
     1,336 
  
    2017 
     2,212  
     3,790 

    $3,109  
    $5,420 

The following table presents
a summary of the activity for the allowance for finance credit losses for the three-month periods ended March 31, 2025, and 2024:

    Schedule of allowance for finance credit losses 

    Three Months Ended 

    March 31, 

    2025  
    2024 

    (In thousands) 
  
    Balance at beginning of period 
    $433  
    $2,869 
  
    Provision for credit losses on finance receivables 
     (979) 
     (1,635)
  
    Charge-offs 
     (329) 
     (1,001)
  
    Recoveries 
     1,124  
     1,657 
  
    Balance at end of period 
    $249  
    $1,890 

     15 

CONSUMER PORTFOLIO SERVICES, INC. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED
FINANCIAL STATEMENTS

The following table presents
the gross charge-offs by year of origination of our finance receivables for the three-month periods ended March 31, 2025, and 2024:

    Schedule of gross charge-off 

    Three Months Ended 

    March 31, 

    2025  
    2024 

    (In thousands) 
  
    Annual Vintage Pool 

    2014 and prior 
    $135  
    $70 
  
    2015 
     27  
     115 
  
    2016 
     105  
     377 
  
    2017 
     62  
     481 
  
    Applied against repos in inventory (net) 
     –  
     (42)

    $329  
    $1,001 

(3) Securitization Trust Debt 

We have completed many
securitization transactions that are structured as secured borrowings for financial accounting purposes. The debt issued in these transactions
is shown on our