Company: CPSS
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001683168-25-001548
Chunk: 1425

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 8
Chunk 1425
---
 use in pricing similar receivables and are based on the
best information available in the circumstances. They include such inputs as estimates for the magnitude and timing of net charge-offs
and the rate of amortization of the portfolio of finance receivable. Significant changes in any of those inputs in isolation would have
a significant impact on our fair value measurement.

The table below presents
a reconciliation of the finance receivables measured at fair value on a recurring basis using significant unobservable inputs:

    Schedule of reconciliation of the finance receivables measured at fair value on a recurring basis 

    Twelve Months Ended 

    December 31, 

    2024  
    2023 

    (In thousands) 
  
    Balance at beginning of period 
    $2,722,662 
    $2,476,617 
  
    Finance receivables at fair value acquired during period 
     1,653,037  
     1,251,020 
  
    Payments received on finance receivables at fair value 
     (858,628) 
     (823,434)
  
    Net interest income accretion on fair value receivables 
     (224,304) 
     (193,541)
  
    Mark to fair value 
     21,000  
     12,000 
  
    Balance at end of period 
    $3,313,767 
    $2,722,662 

     F-36 

CONSUMER PORTFOLIO SERVICES, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

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 

    December 31, 2024  
    December 31, 2023 

    Contractual  
    Fair  
    Contractual  
    Fair 

    Balance  
    Value  
    Balance  
    Value 

    (In thousands) 
  
    Finance receivables measured at fair value. 
    $3,485,540  
    $3,313,767  
    $2,941,915  
    $2,722,662 

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

    Schedule of level 3 fair value