Company: CPSS
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001683168-25-005901
Chunk: 11

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 8
Chunk 11
---
ivables 
     (781) 
     (1,950) 
     (1,760) 
     (3,585)
  
    Charge-offs 
     (136) 
     (431) 
     (464) 
     (1,432)
  
    Recoveries 
     813  
     1,175  
     1,936  
     2,832 
  
    Balance at end of period 
    $145  
    $684  
    $145  
    $684 

     16 

CONSUMER PORTFOLIO SERVICES, INC. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL
STATEMENTS

The following table presents the gross charge-offs
by year of origination of our finance receivables for the three-month and six-month periods ended June 30, 2025, and 2024: 

    Schedule of gross charge-off 

    Three Months Ended  
    Six Months Ended 

    June 30,  
    June 30, 

    2025  
    2024  
    2025  
    2024 
  
    Annual Vintage Pool 
    (In thousands)  
    (In thousands) 
  
    2014 and prior 
    $74  
    $110  
    $209  
    $180 
  
    2015 
     15  
     69  
     42  
     182 
  
    2016 
     27  
     268  
     132  
     645 
  
    2017 
     20  
     43  
     81  
     526 
  
    Applied against repos in inventory (net) 
     –  
     (59) 
     –  
     (101)

    $136  
    $431  
    $464  
    $1,432 

(3) Securitization Trust Debt 

We have completed many securitization
transactions that are structured as secured borrowings for financial accounting purposes. The debt issued in these transactions is shown
on our Unaudited Condensed Consolidated Balance Sheets as “Securitization trust debt,” and the components of such debt are
summarized in the