Company: CPSS
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001683168-25-001548
Chunk: 1413

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 8
Chunk 1413
---
    2023  
    2022 

    (In thousands) 
  
    Interest on finance receivables 
    $6,948  
    $15,567  
    $35,091 
  
    Interest on finance receivables at fair value 
     350,729  
     307,543  
     268,621 
  
    Other interest income 
     6,285  
     6,109  
     1,525 
  
    Interest income 
    $363,962  
    $329,219  
    $305,237 

The following table presents the components of
interest expense:

    Schedule of interest expense 

    Year Ended December 31, 

    2024  
    2023  
    2022 

    (In thousands) 
  
    Securitization trust debt 
    $161,014  
    $121,409  
    $70,627 
  
    Warehouse lines of credit 
     19,292  
     19,192  
     10,310 
  
    Residual interest financing 
     8,702  
     4,199  
     4,243 
  
    Subordinated renewable notes 
     2,249  
     1,831  
     2,344 
  
    Interest expense 
    $191,257  
    $146,631  
    $87,524 

(9) Income Taxes 

Income taxes consist of the following:

    Schedule of income taxes expenses 

    Year Ended December 31, 

    2024  
    2023  
    2022 

    (In thousands) 
  
    Current federal tax expense 
    $4,376  
    $7,122  
    $16,946 
  
    Current state tax expense 
     1,807  
     2,613  
     3,352 
  
    Deferred federal tax expense 
     1,382  
     4,307  
     5,573 
  
    Deferred state tax expense 
     663  
     1,712  
     4,339 

    Income tax expense 
    $8,228  
    $15,754  
    $30,210 

     F-27