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

Quarterly report pursuant to Section 13 or 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)

v3.21.1

Secured Loans Receivable (Tables)

9 Months Ended

Mar. 31, 2021

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

Schedule of Receivables

Receivables consist of the following as of March 31, 2021 and June 30, 2020:

in thousands
	March 31, 2021		June 30, 2020
Customer trade receivables	$	32,392	$	6,047
Wholesale trade advances		24,267		10,167
Due from brokers		8,054		32,928
	$	64,713	$	49,142

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
	March 31, 2021				June 30, 2020
Bullion	$	77,734	77.2	%	$	36,445	57.2	%
Numismatic and semi-numismatic		22,994	22.8	%		27,265	42.8	%
	$	100,728	100.0	%	$	63,710	100.0	%

Schedule of Financing Receivable Credit Quality Indicators

Below is summary of aggregate outstanding secured loan balances bifurcated into (i) loans with a loan-to-value ratio of less than 75% and (ii) loans with a loan-to-value ratio of 75% or more:

in thousands
	March 31, 2021				June 30, 2020
Loan-to-value of less than 75%	$	67,076	66.6	%	$	58,296	91.5	%
Loan-to-value of 75% or more		33,652	33.4	%		5,414	8.5	%
	$	100,728	100.0	%	$	63,710	100.0	%

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 March 31, 2021 and June 30, 2020:

in thousands
	March 31, 2021			June 30, 2020
Secured loans originated	$	33,659		$	30,019
Secured loans originated - with a related party		151			8,797
		33,810			38,816
Secured loans acquired		66,918	⁽¹⁾		24,894	⁽²⁾
	$	100,728		$	63,710

(1)	Includes $5 thousand of loan premium as of March 31, 2021.

(2)	Includes $6 thousand of loan premium as of June 30, 2020.

- 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

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-Publisher FASB
-Name Accounting Standards Codification
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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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