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

Quarterly report pursuant to Section 13 or 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)

v3.20.4

Secured Loans Receivable (Tables)

6 Months Ended

Dec. 31, 2020

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

Schedule of Receivables

Receivables consist of the following as of December 31, 2020 and June 30, 2020:

in thousands
	December 31, 2020		June 30, 2020
Customer trade receivables	$	7,015	$	6,047
Wholesale trade advances		1,480		10,167
Due from brokers		93,369		32,928
	$	101,864	$	49,142

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
	December 31, 2020				June 30, 2020
Bullion	$	72,599	75.8	%	$	36,445	57.2	%
Numismatic and semi-numismatic		23,218	24.2	%		27,265	42.8	%
	$	95,817	100.0	%	$	63,710	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 75% or more and (ii) loans with a loan-to-value ratio of less than 75%:

in thousands
	December 31, 2020				June 30, 2020
Loan-to-value of less than 75%	$	89,177	93.1	%	$	58,296	91.5	%
Loan-to-value of 75% or more		6,640	6.9	%		5,414	8.5	%
	$	95,817	100.0	%	$	63,710	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 December 31, 2020 and June 30, 2020:

in thousands
	December 31, 2020			June 30, 2020
Secured loans originated	$	37,865		$	30,019
Secured loans originated - with a related party		135			8,797
		38,000			38,816
Secured loans acquired		57,817	⁽¹⁾		24,894	⁽²⁾
	$	95,817		$	63,710

(1)	Includes $6 thousand of loan premium as of December 31, 2020.

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

- Definition

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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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-Publisher FASB
-Name Accounting Standards Codification
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Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables.

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-Name Accounting Standards Codification
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