Annual report pursuant to Section 13 and 15(d)

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.