Company: CPSS
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001683168-25-001548
Chunk: 384

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 1B
Chunk 384
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 appropriateness of the methodology including a recalculation
of the model.

    ·
    Testing
the completeness and accuracy of the underlying data used in the fair value of finance receivables estimate.

Crowe LLP

We have served as the Company’s auditor since 2008.

Dallas, Texas

March 12, 2025

 F-3 

CONSUMER PORTFOLIO SERVICES, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(In thousands, except share and per share data)

    December 31,  
    December 31, 

    2024  
    2023 
  
    ASSETS 

    Cash and cash equivalents 
    $11,713  
    $6,174 
  
    Restricted cash and equivalents 
     125,684  
     119,257 
  
    Finance receivables measured at fair value 
     3,313,767  
     2,722,662 

    Finance receivables 
     5,420  
     27,553 
  
    Less: Allowance for finance credit losses 
     (433) 
     (2,869)
  
    Finance receivables, net 
     4,987  
     24,684 

    Furniture and equipment, net 
     943  
     1,372 
  
    Deferred tax assets, net 
     1,010  
     3,736 
  
    Other assets 
     35,764  
     25,861 
  
    Total assets 
    $3,493,868  
    $2,903,746 

    LIABILITIES AND SHAREHOLDERS’ EQUITY 

    Liabilities 

    Accounts payable and accrued expenses 
    $70,151  
    $62,544 
  
    Warehouse lines of credit 
     410,898  
     234,025 
  
    Residual interest financing 
     99,176  
     49,875 
  
    Securitization trust debt 
     2,594,384  
     2,265,446 
  
    Subordinated renewable notes 
     26,489  
     17,188 
  
    Total liabilities 
     3,201,098  
     2,629,078 
  
    COMMITMENTS AND CONTING