Company: CPSS
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001683168-25-001548
Chunk: 927

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 5
Chunk 927
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1.8 million in the prior year. The average balance of the notes increased from $20.9
million in the prior year to $22.9 million for the year ended December 31, 2024. The average interest rate on our subordinated notes was
9.8% during 2024 compared to 8.7% million in 2023.

The following table presents
the components of interest income and interest expense and a net interest yield analysis for the years ended December 31, 2024 and 2023:

    Year Ended December 31, 

    2024  
    2023 

    (Dollars in thousands) 

    Annualized  

    Annualized 

    Average  
       
    Average  
    Average  
       
    Average 

    Balance (1)  
    Interest  
    Yield/Rate  
    Balance (1)  
    Interest  
    Yield/Rate 
  
    Interest Earning Assets 

    Loan portfolio 
    $3,209,988  
    $363,962  
     11.3%  
    $2,913,571  
    $329,219  
     11.3% 

    Interest Bearing Liabilities 

    Warehouse lines of credit 
    $178,518  
     19,292  
     10.8%  
    $181,742  
     19,192  
     10.6% 
  
    Residual interest financing 
     91,803  
     8,702  
     9.5%  
     50,000  
     4,199  
     8.4% 
  
    Securitization trust debt 
     2,596,554  
     161,014  
     6.2%  
     2,333,472  
     121,408  
     5.2% 
  
    Subordinated renewable notes 
     22,886  
     2,249  
     9.8%  
     20,936  
     1,832  
     8.7% 

    $2,889,761  
     191,257  
     6.6%  
    $2,586,150