| Schedule of Total Assets and Total Liabilities Associated With Variable Interests in Consolidated VIEs |
The following table presents the total assets and total liabilities associated with the Company’s variable interests in consolidated VIEs, as classified in the consolidated balance sheets (in thousands):
|
|
|
As of December 31, 2024
|
| |
|
Securitization Vehicles
|
|
Warehouse Facilities(1)
|
|
Total
|
|
Assets:
|
|
|
|
|
|
|
|
|
|
|
Restricted cash
|
|
$
|
29,213 |
|
$
|
18,895 |
|
$
|
48,108 |
|
Finance receivables at fair value
|
|
|
214,420 |
|
|
252,900 |
|
|
467,320 |
|
Finance receivables held for sale
|
|
|
178,845 |
|
|
131,120 |
|
|
309,965 |
|
Interest receivable
|
|
|
6,892 |
|
|
6,370 |
|
|
13,262 |
|
Other assets
|
|
|
6,057 |
|
|
4,700 |
|
|
10,757 |
|
Total Assets
|
|
$
|
435,427 |
|
$
|
413,985 |
|
$
|
849,412 |
|
Liabilities:
|
|
|
|
|
|
|
|
|
|
|
Securitization debt
|
|
$
|
353,356 |
|
$
|
—
|
|
$
|
353,356 |
|
Warehouse credit facilities
|
|
|
—
|
|
|
359,912 |
|
|
359,912 |
|
Other liabilities
|
|
|
3,597 |
|
|
10,244 |
|
|
13,841 |
|
Total Liabilities
|
|
$
|
356,953 |
|
$
|
370,156 |
|
$
|
727,109 |
|
|
|
As of December 31, 2023
|
| |
|
Securitization Vehicles
|
|
Warehouse Facilities(1)
|
|
Total
|
|
Assets:
|
|
|
|
|
|
|
|
|
|
|
Restricted cash
|
|
$
|
28,458 |
|
$
|
20,688 |
|
$
|
49,146 |
|
Finance receivables at fair value
|
|
|
316,998 |
|
|
24,446 |
|
|
341,444 |
|
Finance receivables held for sale
|
|
|
—
|
|
|
457,185 |
|
|
457,185 |
|
Interest receivable
|
|
|
6,107 |
|
|
7,586 |
|
|
13,693 |
|
Other assets
|
|
|
6,283 |
|
|
6,987 |
|
|
13,270 |
|
Total Assets
|
|
$
|
357,846 |
|
$
|
516,892 |
|
$
|
874,738 |
|
Liabilities:
|
|
|
|
|
|
|
|
|
|
|
Securitization debt
|
|
$
|
314,095 |
|
$
|
—
|
|
$
|
314,095 |
|
Warehouse credit facilities
|
|
|
—
|
|
|
421,268 |
|
|
421,268 |
|
Other liabilities
|
|
|
4,534 |
|
|
9,801 |
|
|
14,335 |
|
Total Liabilities
|
|
$
|
318,629 |
|
$
|
431,069 |
|
$
|
749,698 |
|
| Schedule of Unconsolidated Variable Interest Entity |
The following table summarizes the amortized cost, the carrying amount, which is the fair value, and the maximum exposure to losses of UACC’s assets related to unconsolidated VIEs (in thousands):
|
|
|
As of December 31, 2024
|
|
As of December 31, 2023
|
| |
|
Aggregate Principal Balance
|
|
Carrying Value
|
|
Total Exposure
|
|
Aggregate Principal Balance
|
|
Carrying Value
|
|
Total Exposure
|
|
Rated notes
|
|
$
|
2,106 |
|
$
|
1,992 |
|
$
|
1,992 |
|
$
|
4,538 |
|
$
|
4,345 |
|
$
|
4,345 |
|
Certificates
|
|
|
—
|
|
|
192 |
|
|
192 |
|
|
—
|
|
|
140 |
|
|
140 |
|
Other assets
|
|
|
310 |
|
|
310 |
|
|
310 |
|
|
310 |
|
|
310 |
|
|
310 |
|
Total unconsolidated VIEs
|
|
$
|
2,416 |
|
$
|
2,494 |
|
$
|
2,494 |
|
$
|
4,848 |
|
$
|
4,795 |
|
$
|
4,795 |
|