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)

v3.22.4

Secured Loans Receivable (Tables)

6 Months Ended

Dec. 31, 2022

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

Schedule of Receivables

Receivables consist of the following as of December 31, 2022 and June 30, 2022:


in thousands
	December 31, 2022		June 30, 2022
Customer trade receivables	$	67,401	$	59,066
Wholesale trade advances		13,863		27,675
Due from brokers		28,324		10,299
	$	109,588	$	97,040

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
	December 31, 2022				June 30, 2022
Bullion	$	54,288	53.0	%	$	95,691	75.8	%
Numismatic and semi-numismatic		46,362	45.2	%		30,231	24.0	%
Graded sports cards and sports memorabilia		1,820	1.8	%		295	0.2	%
	$	102,470	100.0	%	$	126,217	100.0	%

Schedule of Financing Receivable Credit Quality Indicators

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


in thousands
	December 31, 2022				June 30, 2022
Loan-to-value of less than 75%	$	100,229	97.8	%	$	49,503	39.2	%
Loan-to-value of 75% or more		2,241	2.2	%		76,714	60.8	%
	$	102,470	100.0	%	$	126,217	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 December 31, 2022 and June 30, 2022:


in thousands
	December 31, 2022		June 30, 2022
Secured loans originated	$	63,052	$	44,498
Secured loans acquired		39,418		81,719
	$	102,470	$	126,217

- 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

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 5
-URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919230-210447

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
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-SubTopic 10
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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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.3,4)
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