Quarterly report pursuant to Section 13 or 15(d)

Secured Loans Receivable (Tables)

v3.20.2
Secured Loans Receivable (Tables)
 3 Months Ended
Sep. 30, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Schedule of Receivables

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

 

in thousands

 

 

 

 

 

 

 

 

 

 

September 30,

2020

 

 

June 30,

2020

 

Customer trade receivables

 

$

5,151

 

 

$

6,047

 

Wholesale trade advances

 

 

5,563

 

 

 

10,167

 

Due from brokers

 

 

64,954

 

 

 

32,928

 

 

 

$

75,668

 

 

$

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2020

 

 

June 30, 2020

 

Bullion

 

$

60,386

 

 

 

71.7

%

 

$

36,445

 

 

 

57.2

%

Numismatic and semi-numismatic

 

 

23,837

 

 

 

28.3

%

 

 

27,265

 

 

 

42.8

%

 

 

$

84,223

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2020

 

 

June 30, 2020

 

Loan-to-value of less than 75%

 

$

57,193

 

 

 

67.9

%

 

$

58,296

 

 

 

91.5

%

Loan-to-value of 75% or more

 

 

27,030

 

 

 

32.1

%

 

 

5,414

 

 

 

8.5

%

 

 

$

84,223

 

 

 

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 September 30, 2020 and June 30, 2020:

 

in thousands

 

 

 

 

 

 

 

 

 

 

 

September 30,

2020

 

 

June 30,

2020

 

 

Secured loans originated

 

$

28,251

 

 

$

30,019

 

 

Secured loans originated - with a related party

 

 

4,155

 

 

 

8,797

 

 

 

 

 

32,406

 

 

 

38,816

 

 

Secured loans acquired

 

 

51,817

 

(1)

 

24,894

 

(2)

 

 

$

84,223

 

 

$

63,710

 

 

 

(1)

Includes $6 thousand of loan premium as of September 30, 2020.

(2)

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