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)

v3.20.1

Secured Loans Receivable (Tables)

9 Months Ended

Mar. 31, 2020

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

Schedule of Receivables

Receivables consist of the following as of March 31, 2020 and June 30, 2019:

in thousands
	March 31, 2020		June 30, 2019
Customer trade receivables	$	56,737	$	13,050
Wholesale trade advances		36,349		9,704
Due from brokers		3,667		4,141
Receivables, net	$	96,753	$	26,895

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, 2020				June 30, 2019
Bullion	$	18,291	36.9	%	$	92,899	74.1	%
Numismatic and semi-numismatic		31,330	63.1	%		32,399	25.9	%
	$	49,621	100.0	%	$	125,298	100.0	%

Schedule of Financing Receivable Credit Quality Indicators

Below is summary of aggregate outstanding secured loan balances bifurcated into 1) loans with a loan-to-value ratio of 75% or more and 2) loans with a loan-to-value ratio of less than 75%:

in thousands
	March 31, 2020				June 30, 2019
Loan-to-value of 75% or more	$	10,391	20.9	%	$	59,258	47.3	%
Loan-to-value of less than 75%		39,230	79.1	%		66,040	52.7	%
	$	49,621	100.0	%	$	125,298	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, 2020 and June 30, 2019:

in thousands
	March 31, 2020			June 30, 2019
Secured loans originated	$	31,117		$	36,714
Secured loans originated - with a related party		11,743			14,058
		42,860			50,772
Secured loans acquired		6,761	⁽¹⁾		74,526	⁽²⁾
	$	49,621		$	125,298

(1)	Includes $7 thousand of loan premium as of March 31, 2020.

(2)	Includes $29 thousand of loan premium as of June 30, 2019.

- 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
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-URI http://asc.fasb.org/extlink&oid=119407570&loc=SL82919230-210447

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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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-Publisher FASB
-Name Accounting Standards Codification
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