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

Secured Loans Receivable (Tables)

6 Months Ended

Dec. 31, 2018

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



in thousands
	December 31, 2018		June 30, 2018

Customer trade receivables	$	7,131	$	22,813
Wholesale trade advances	13,101		10,722
Due from brokers	3,043		2,351
Subtotal	23,275		35,886
Less: allowance for doubtful accounts	—		(30		)
Receivables, net	$	23,275	$	35,856

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



in thousands
	December 31, 2018				June 30, 2018
Bullion	$	69,313	66.2	%	$	72,128	65.3	%
Numismatic and semi-numismatic	35,444		33.8		38,296		34.7
	$	104,757	100.0	%	$	110,424	100.0	%

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



in thousands
	December 31, 2018				June 30, 2018
Loan-to-value of 75% or more	$	55,446	52.9	%	$	69,629	63.1	%
Loan-to-value of less than 75%	49,311		47.1		40,795		36.9
Secured loans collateralized by precious metal products	$	104,757	100.0	%	$	110,424	100.0	%

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



in thousands
	December 31, 2018			June 30, 2018

Secured loans originated	$	33,854		$	23,300
Secured loans originated - with a related party	16,981			12,523
	50,835			35,823
Secured loans acquired	53,922		⁽¹⁾	74,601		⁽²⁾
Secured loans	$	104,757		$	110,424

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(1) Includes $29 thousand of loan premium as of December 31, 2018.

(2) Includes $54 thousand of loan premium as of June 30, 2018.