A-Mark Precious Metals, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- Summary of Significant Accounting Policies (Policies)
Notes Tables
Notes Details

Secured Loans Receivable (Tables)

v3.20.2

Secured Loans Receivable (Tables)

12 Months Ended

Jun. 30, 2020

Accounts, Notes, Loans and Financing Receivable [Line Items]

Schedule of Receivables

Receivables consist of the following as of June 30, 2020 and June 30, 2019:

in thousands
	June 30, 2020		June 30, 2019
Customer trade receivables	$	6,047	$	13,050
Wholesale trade advances		10,167		9,704
Due from brokers		32,928		4,141
	$	49,142	$	26,895

Schedule of Classes for Financing Receivables

The Company's secured loans by portfolio class, which align with internal management reporting, are as follows:

in thousands
	June 30, 2020				June 30, 2019
Bullion	$	36,445	57.2	%	$	92,899	74.1	%
Numismatic and semi-numismatic		27,265	42.8	%		32,399	25.9	%
	$	63,710	100.0	%	$	125,298	100.0	%

Schedule of Financing Receivable Credit Quality Indicators

Below is summary of aggregate outstanding secured loan balances bifurcated into (i) loans with a loan-to-value ratio of less than 75% and (ii) loans with a loan-to-value ratio of 75% or more:

in thousands
	June 30, 2020				June 30, 2019
Loan-to-value of less than 75%	$	58,296	91.5	%	$	66,040	52.7	%
Loan-to-value of 75% or more		5,414	8.5	%		59,258	47.3	%
	$	63,710	100.0	%	$	125,298	100.0	%

Financing Receivable

Accounts, Notes, Loans and Financing Receivable [Line Items]

Schedule of Receivables

Below is a summary of the carrying value of our secured loans as of June 30, 2020 and June 30, 2019:

in thousands
	June 30, 2020			June 30, 2019
Secured loans originated	$	30,019		$	36,714
Secured loans originated - with a related party		8,797			14,058
		38,816			50,772
Secured loans acquired		24,894	⁽¹⁾		74,526	⁽²⁾
	$	63,710		$	125,298

(1)	Includes $6 thousand of loan premium as of June 30, 2020

(2)	Includes $29 thousand of loan premium as of June 30, 2019.

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Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics.

+ References

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