Company: CPSS
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001683168-25-003436
Chunk: 124

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 8
Chunk 124
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    Finance receivables at fair value acquired during period 
     449,602  
     328,893 
  
    Payments received on finance receivables at fair value 
     (252,856) 
     (210,935)
  
    Net interest income accretion on fair value receivables 
     (64,907) 
     (54,247)
  
    Mark to fair value 
     3,500  
     5,000 
  
    Balance at end of period 
    $3,449,106  
    $2,791,373 

The table below compares
the fair values of these finance receivables to their contractual balances for the periods shown:

    Schedule of finance receivables to their contractual balances 

    March 31, 2025  
    December 31, 2024 

    Contractual  
    Fair  
    Contractual  
    Fair 

    Balance  
    Value  
    Balance  
    Value 

    (In thousands) 
  
    Finance receivables measured at fair value 
    $3,611,445  
    $3,449,106  
    $3,485,540  
    $3,313,767 

The following table provides
certain qualitative information about our level 3 fair value measurements:

    Schedule of level 3 fair value measurements 

    Financial Instrument 
    Fair Values as of  
      
    Weight Avg. Inputs as of 

    March 31,  
    December 31,  
      
    March 31,  
    December 31, 

    2025  
    2024  
    Unobservable 
    2025  
    2024 

    (In thousands)  

    Assets: 

    Finance receivables measured at fair value 
    $3,449,106  
    $3,313,767  
    Discount rate 
     11.37%  
     11.37% 

    Cumulative net losses 
     15.73%  
     15.47% 

     23 

CONSUMER PORTFOLIO SERVICES, INC. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED
FINANCIAL STATEMENTS

The following table