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

Secured Loans Receivable (Tables)

12 Months Ended

Jun. 30, 2018

Receivables consist of the following as of June 30, 2018 and June 30, 2017:



in thousands
	June 30, 2018			June 30, 2017

Customer trade receivables	$	22,813		$	31,949
Wholesale trade advances	10,722			2,457
Due from brokers	2,351			4,919
Subtotal	35,886			39,325
Less: allowance for doubtful accounts	(30		)	(30		)
Receivables, net	$	35,856		$	39,295

The Company's secured loans by portfolio class, which align with management reporting, are as follows:



in thousands
	June 30, 2018				June 30, 2017
Bullion	$	72,128	65.3	%	$	61,767	67.7	%
Numismatic and semi-numismatic	38,296		34.7		29,471		32.3
	$	110,424	100.0	%	$	91,238	100.0	%

The Company desegregates its secured loans that are collateralized by precious metal products, as follows:



in thousands
	June 30, 2018				June 30, 2017
Loan-to-value of 75% or more	$	69,629	63.1	%	$	60,432	66.2	%
Loan-to-value of less than 75%	40,795		36.9		30,806		33.8
Secured loans collateralized by precious metal products	$	110,424	100.0	%	$	91,238	100.0	%

Below is a summary of the carrying value of our secured loans as of June 30, 2018 and June 30, 2017:



in thousands
	June 30, 2018			June 30, 2017

Secured loans originated	$	23,300		$	30,864
Secured loans originated - with a related party	12,523			—
	35,823			30,864
Secured loans acquired	74,601		⁽¹⁾	60,374		⁽²⁾
Secured loans (current and long-term)	$	110,424		$	91,238

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(1) Includes $54,000 of loan premium as of June 30, 2018.

(2) Includes $72,000 of loan premium as of June 30, 2017.