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

Secured Loans Receivable (Tables)

3 Months Ended

Sep. 30, 2018

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

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	%

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	%

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

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

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