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

Secured Loans Receivable (Tables)

9 Months Ended

Mar. 31, 2018

Receivables consist of the following as of March 31, 2018 and June 30, 2017:



in thousands
	March 31, 2018			June 30, 2017

Customer trade receivables	$	26,398		$	31,949
Wholesale trade advances	12,925			2,457
Due from brokers	1,967			4,919
Subtotal	41,290			39,325
Less: allowance for doubtful accounts	(30		)	(30		)
Receivables, net	$	41,260		$	39,295

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



in thousands
	March 31, 2018				June 30, 2017
Bullion	$	74,752	68.3	%	$	61,767	67.7	%
Numismatic and semi-numismatic	34,741		31.7		29,471		32.3
	$	109,493	100.0	%	$	91,238	100.0	%

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



in thousands
	March 31, 2018				June 30, 2017
Loan-to-value of 75% or more	$	63,369	57.9	%	$	60,432	66.2	%
Loan-to-value of less than 75%	46,124		42.1		30,806		33.8
Secured loans collateralized by precious metal products	$	109,493	100.0	%	$	91,238	100.0	%

Below is a summary of the carrying value of our secured loans as of March 31, 2018 and June 30, 2017:



in thousands
	March 31, 2018			June 30, 2017

Secured loans originated	$	22,051		$	30,864
Secured loans originated - with a related party	9,352			—
	31,403			30,864
Secured loans acquired	78,090		⁽¹⁾	60,374		⁽²⁾
Secured loans (current and long-term)	$	109,493		$	91,238

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(1) Includes $54,000 of loan premium as of March 31, 2018.

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