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)

v3.22.0.1

Secured Loans Receivable (Tables)

6 Months Ended

Dec. 31, 2021

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

Schedule of Receivables

Receivables consist of the following as of December 31, 2021 and June 30, 2021:


in thousands
	December 31, 2021		June 30, 2021
Customer trade receivables	$	46,598	$	12,197
Wholesale trade advances		26,502		26,959
Due from brokers		11,894		49,844
	$	84,994	$	89,000

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, 2021				June 30, 2021
Bullion	$	95,570	75.7	%	$	88,332	78.2	%
Numismatic and semi-numismatic		30,328	24.0	%		24,636	21.8	%
Graded sports memorabilia		405	0.3	%		—	0.0	%
	$	126,303	100.0	%	$	112,968	100.0	%

Schedule of Financing Receivable Credit Quality Indicators

Below is summary of aggregate outstanding secured loan balances bifurcated into (i) loans with a LTV ratio of less than 75% and (ii) loans with a LTV ratio of 75% or more:


in thousands
	December 31, 2021				June 30, 2021
Loan-to-value of less than 75%	$	67,512	53.5	%	$	96,602	85.5	%
Loan-to-value of 75% or more		58,791	46.5	%		16,366	14.5	%
	$	126,303	100.0	%	$	112,968	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, 2021 and June 30, 2021:


in thousands
	December 31, 2021		June 30, 2021
Secured loans originated	$	43,019	$	36,080
Secured loans originated - with a related party		—		3,042
		43,019		39,122
Secured loans acquired		83,284		73,846
	$	126,303	$	112,968

- Definition

Schedule Of Class Of Financing Receivable [Table Text Block]

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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

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
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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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-Publisher FASB
-Name Accounting Standards Codification
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