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

Annual report pursuant to Section 13 and 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)

v3.22.2.2

Secured Loans Receivable (Tables)

12 Months Ended

Jun. 30, 2022

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

Schedule of Receivables

Receivables consist of the following as of June 30, 2022 and June 30, 2021:


in thousands
	June 30, 2022		June 30, 2021
Customer trade receivables	$	59,066	$	12,197
Wholesale trade advances		27,675		26,959
Due from brokers		10,299		49,844
	$	97,040	$	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
	June 30, 2022				June 30, 2021
Bullion	$	95,691	75.8	%	$	88,332	78.2	%
Numismatic and semi-numismatic		30,231	24.0	%		24,636	21.8	%
Graded sport cards and sports memorabilia		295	0.2	%		—	0.0	%
	$	126,217	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
	June 30, 2022					June 30, 2021
Loan-to-value of less than 75%	$	49,503	39.2	%		$	96,602	85.5	%
Loan-to-value of 75% or more		76,714	60.8	%	(1)		16,366	14.5	%
	$	126,217	100.0	%		$	112,968	100.0	%

(1)

The higher percentage compared to the previous fiscal year, primarily reflects lower spot price of silver bullion prices at the end of fiscal 2022.

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 June 30, 2022 and June 30, 2021:


in thousands
	June 30, 2022		June 30, 2021
Secured loans originated	$	44,498	$	36,080
Secured loans originated - with a related party		—		3,042
		44,498		39,122
Secured loans acquired		81,719		73,846
	$	126,217	$	112,968

- 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

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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-Name Accounting Standards Codification
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