Company: CPSS
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001683168-25-003436
Chunk: 139

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 8
Chunk 139
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9.7% 

    $3,273,298  
    $54,918  
     6.7%  
    $2,640,904  
    $41,968  
     6.4% 

    Net interest income/spread 
        
    $47,015  

    $42,320  

    Net interest yield (2) 

     4.7%  

     4.9% 
  
    Ratio of average interest earning assets to average interest bearing liabilities 

     109%  

     113% 

     (1)  Average balances are based on month end balances except for warehouse lines of credit, which are based on daily balances.

     (2)  Annualized net interest income divided by average interest earning assets.

 32 

    Three Months Ended
                                                March 31, 2025
                                                Compared to
                                                March 31, 2024 

    Total  
    Change Due  
    Change Due 

    Change  
    to Volume  
    to Rate 

    (In thousands) 
  
    Interest Earning Assets 

    Loan Portfolio 
    $17,645  
    $16,752  
    $893 

    Interest Bearing Liabilities 

    Warehouse lines of credit 
     2,192  
     2,950  
     (758)
  
    Residual interest financing 
     1,506  
     745  
     761 
  
    Securitization trust debt 
     9,112  
     6,966  
     2,146 
  
    Subordinated renewable notes 
     140  
     147  
     (7)

     12,950  
     10,808  
     2,142 

    Net interest income/spread 
    $4,695  
    $5,944  
    $(1,249)

Our evaluation of the allowance for credit losses indicated that the reserves against future
losses are adequate as of March 31, 2025. The allowance applies only to our finance receivables originated through December 2017, which
we refer to as our legacy portfolio. Finance receivables that we have originated since January 2018
are accounted for at fair value. Under the fair value method of accounting