Company: ATLCL
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001437749-25-015559
Chunk: 153

Company: Atlanticus Holdings Corp
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 153
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 (Level 2)    Significant Unobservable Inputs (Level 3)    Carrying Amount of Assets  
 Loans at amortized cost, net for which it is practicable to estimate fair value and which are carried at net amortized cost  $—  $—  $93,494  $81,238 
 Loans at fair value  $—  $—  $2,668,503  $2,668,503 

   (1)For cash, deposits and investments in equity securities, the carrying amount is a reasonable estimate of fair value.

     Assets – As of December 31, 2024 (1)   Quoted Prices in Active Markets for Identical Assets (Level 1)    Significant Other Observable Inputs (Level 2)    Significant Unobservable Inputs (Level 3)    Carrying Amount of Assets  
 Loans at amortized cost, net for which it is practicable to estimate fair value and which are carried at net amortized cost  $—  $—  $95,871  $84,332 
 Loans at fair value  $—  $—  $2,630,274  $2,630,274 

    (1)  For cash, deposits and investments in equity securities, the carrying amount is a reasonable estimate of fair value. 

   For those asset classes above that are carried at fair value in our condensed consolidated financial statements, gains and losses associated with fair value changes are detailed on our condensed consolidated statements of income as a component of Changes in fair value of loans. Variations in the three month U.S. Treasury bill rate over the measurement period are used to determine the portion of change in fair value considered to be attributable to changes in instrument-specific credit risk. These variations are applied to the period end discount rate we use to determine fair value. For our loans included in the above table, we assess the fair value of these assets based on our estimate of future cash flows net of servicing costs. For the three months ended  March 31, 2025 and 2024, we estimate the portion of fair value changes considered to be attributable to changes in instrument-specific credit risk to be $9.3 million and $(6.5) million, respectively.

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   For Level 3 assets carried at fair value measured on a recurring basis using significant unobservable inputs, the following