Company: CPSS
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001683168-25-001548
Chunk: 310

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 1A
Chunk 310
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    Weight Avg. Inputs as of

    December 31,  
       
    December 31,

    2024  
    2023  
    Unobservable Inputs  
    2024 
    2023

    (In thousands)  

    Assets: 

    Discount rate  
    11.37% 
    11.35%
  
    Finance receivables measured at fair value 
    $3,313,767  
    $2,722,662  
     Cumulative net losses  
    15.47% 
    15.25%

Results for the years ended
December 31, 2024 and 2023 include marks of $21.0 and $12.0 million, respectively, to the carrying value of the finance receivables accounted
for at fair value. The marks are estimates based on our evaluation of the appropriate fair value and future earnings rate of existing
receivables compared to recently acquired receivables and increases or decreases in our estimates of future net losses. Our re-evaluation
of the fair values of these receivables resulted in a mark up for certain older receivables and a mark down to the fair values of newer
receivables. The fair value mark up on the older receivables exceeded the mark down to the newer receivables resulting in a net mark up
of $21.0 million and $12.0 million for the years ended December 31, 2024 and 2023, respectively.

The following table summarizes
the delinquency status using the contractual balance of these finance receivables measured at fair value as of December 31, 2024 and
December 31, 2023:

    Schedule of delinquency
status of  finance receivables measured at fair value 

    December 31,  
    December 31, 

    2024  
    2023 

    (In thousands) 
  
    Delinquency Status 

    Current 
    $2,969,864  
    $2,520,158 
  
    31 - 60 days 
     241,883  
     204,574 
  
    61 - 90 days 
     113,662  
     101,057 
  
    91 + days 
     64,810  
     49,541