Company: ATLCL
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001437749-25-015559
Chunk: 140

Company: Atlanticus Holdings Corp
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 140
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,    December 31,  
 As of   2025    2024  
 Allowance for credit losses:         
 Balance of Notes Receivable at end of period individually evaluated for impairment  $(5.9) $(5.9)
 Balance of Auto Finance at end of period individually evaluated for impairment  $(1.1) $(1.2)
 Balance of Auto Finance at end of period collectively evaluated for impairment  $(3.7) $(3.7)
 Loans at amortized cost:         
 Loans at amortized cost  $106.1  $109.0 
 Loans at amortized cost individually evaluated for impairment  $2.0  $1.5 
 Loans at amortized cost collectively evaluated for impairment  $104.1  $107.5 

   Recoveries, noted above, consist of amounts received from the efforts of third-party collectors. All proceeds received, associated with charged-off accounts, are credited to the allowance for credit losses.

       8

   Delinquent loans at amortized cost reflect the principal, fee and interest components of loans we did not collect on or prior to the contractual due date and are considered "past due". Amounts we believe we will not ultimately collect are included as a component in our overall allowance for credit losses.
    
   We consider loan delinquencies a key indicator of credit quality because this measure provides the best ongoing estimate of how a particular class of receivables is performing. An aging of our delinquent loans at amortized cost (in millions) as of  March 31, 2025 and  December 31, 2024 is as follows:

       March 31,    December 31,  
 As of   2025    2024  
 30-59 days past due  $6.3  $7.6 
 60-89 days past due   2.1   3.2 
 90 or more days past due   4.2   4.7 
 Delinquent loans at amortized cost   12.6   15.5 
 Current loans at amortized cost   93.5   93.5 
 Total loans at amortized cost  $106.1  $109.0 
 Balance of loans greater than 90-days delinquent still accruing interest and fees