Quarterly report pursuant to Section 13 or 15(d)

Secured Loans Receivable (Tables)

v3.10.0.1
Secured Loans Receivable (Tables)
3 Months Ended
Sep. 30, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Schedule of receivables and secured loans
Receivables consist of the following as of September 30, 2018 and June 30, 2018:
in thousands
 
 
 
 
 
 
 
September 30, 2018
 
June 30, 2018
 
 
 
 
 
 
 
Customer trade receivables
 
$
31,006

 
$
22,813

 
Wholesale trade advances
 
25,423

 
10,722

 
Due from brokers
 
933

 
2,351

 
Subtotal
 
57,362

 
35,886

 
Less: allowance for doubtful accounts
 
(30
)
 
(30
)
 
Receivables, net
 
$
57,332

 
$
35,856

 
 
 
 
 
 
 
Schedule of classes for financing receivables
The Company's secured loans by portfolio class, which align with management reporting, are as follows:
in thousands
 
 
 
 
 
 
 
 
 
 
 
September 30, 2018
 
June 30, 2018
 
Bullion
 
$
51,015

 
62.3
%
 
$
72,128

 
65.3
%
 
Numismatic and semi-numismatic
 
30,876

 
37.7

 
38,296

 
34.7

 
 
 
$
81,891

 
100.0
%
 
$
110,424

 
100.0
%
 

Financing receivable credit quality indicators
The Company desegregates its secured loans that are collateralized by precious metal products, as follows:
in thousands
 
 
 
 
 
 
 
 
 
 
September 30, 2018
 
June 30, 2018
Loan-to-value of 75% or more
 
$
50,307

 
61.4
%
 
$
69,629

 
63.1
%
Loan-to-value of less than 75%
 
31,584

 
38.6

 
40,795

 
36.9

Secured loans collateralized by precious metal products
 
$
81,891

 
100.0
%
 
$
110,424

 
100.0
%
Financing Receivable  
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Schedule of receivables and secured loans
Below is a summary of the carrying value of our secured loans as of September 30, 2018 and June 30, 2018:
in thousands
 
 
 
 
 
 
 
September 30, 2018
 
June 30, 2018
 
 
 
 
 
 
 
Secured loans originated
 
$
25,951

 
$
23,300

 
Secured loans originated - with a related party
 
5,699

 
12,523

 
 
 
31,650

 
35,823

 
Secured loans acquired
 
50,241

(1) 
74,601

(2) 
Secured loans
 
$
81,891

 
$
110,424

 
_________________________________
(1)    Includes $29,000 of loan premium as of September 30, 2018.
(2)    Includes $54,000 of loan premium as of June 30, 2018.