Quarterly report pursuant to Section 13 or 15(d)

Secured Loans Receivable (Tables)

v3.19.3
Secured Loans Receivable (Tables)
 3 Months Ended
Sep. 30, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Schedule of receivables and secured loans
Receivables consist of the following as of September 30, 2019 and June 30, 2019:
in thousands
 
 
 
 
 
 
 
September 30, 2019
 
June 30, 2019
 
 
 
 
 
 
 
Customer trade receivables
 
$
5,876

 
$
13,050

 
Wholesale trade advances
 
12,600

 
9,704

 
Due from brokers
 
5,167

 
4,141

 
Receivables, net
 
$
23,643

 
$
26,895

 
 
 
 
 
 
 
Schedule of classes for financing receivables
The Company's secured loans by portfolio class, which align with management reporting, are as follows:
in thousands
 
 
 
 
 
 
 
 
 
 
 
September 30, 2019
 
June 30, 2019
 
Bullion
 
$
115,459

 
76.7
%
 
$
92,899

 
74.1
%
 
Numismatic and semi-numismatic
 
35,014

 
23.3

 
32,399

 
25.9

 
 
 
$
150,473

 
100.0
%
 
$
125,298

 
100.0
%
 

Financing receivable credit quality indicators
The Company desegregates its secured loans that are collateralized by precious metal products, as follows:
in thousands
 
 
 
 
 
 
 
 
 
 
September 30, 2019
 
June 30, 2019
Loan-to-value of 75% or more
 
$
83,789

 
55.7
%
 
$
59,258

 
47.3
%
Loan-to-value of less than 75%
 
66,684

 
44.3

 
66,040

 
52.7

Secured loans collateralized by precious metal products
 
$
150,473

 
100.0
%
 
$
125,298

 
100.0
%
Financing Receivable  
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Schedule of receivables and secured loans
Below is a summary of the carrying value of our secured loans as of September 30, 2019 and June 30, 2019:
in thousands
 
 
 
 
 
 
 
September 30, 2019
 
June 30, 2019
 
 
 
 
 
 
 
Secured loans originated
 
$
37,197

 
$
36,714

 
Secured loans originated - with a related party
 
8,904

 
14,058

 
 
 
46,101

 
50,772

 
Secured loans acquired
 
104,372

(1) 
74,526

(2) 
Secured loans
 
$
150,473

 
$
125,298

 
_________________________________
(1)    Includes $29 thousand of loan premium as of September 30, 2019.
(2)    Includes $29 thousand of loan premium as of June 30, 2019.