Company: CPSS
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001683168-25-001548
Chunk: 312

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 1A
Chunk 312
---
  
     –  
     –  
     26,489  
     26,489 

    As of December 31, 2023 
  
    Financial Instrument 
    (In thousands) 

    Carrying  
    Fair Value Measurements Using:  

    Value  
    Level 1  
    Level 2  
    Level 3  
    Total 
  
    Assets: 

    Cash and cash equivalents 
    $6,174  
    $6,174  
    $–  
    $–  
    $6,174 
  
    Restricted cash and equivalents 
     119,257  
     119,257  
     –  
     –  
     119,257 
  
    Finance receivables, net 
     24,684  
     –  
     –  
     20,848  
     20,848 
  
    Accrued interest receivable 
     292  
     –  
     –  
     292  
     292 
  
    Liabilities: 

    Warehouse lines of credit 
    $234,025  
    $–  
    $–  
    $234,025  
    $234,025 
  
    Accrued interest payable 
    7,928  
     –  
     –  
     7,928  
     7,928 
  
    Securitization trust debt 
     2,265,446  
     –  
     –  
     2,183,331  
     2,183,331 
  
    Subordinated renewable notes 
     17,188  
     –  
     –  
     17,188  
     17,188 

     F-38 

CONSUMER PORTFOLIO SERVICES, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

13) Business Segment Information

The company has identified
one reportable segment. This determination is made by our Chief Executive Officer, who acts as the chief operating decision-maker (“CODM”),
in assessing performance and making decisions regarding resource allocation. The CODM assesses performance by reviewing the consolidated
financial statements, which reflect the financial results of our one report