|
The activity of the investor reserves was as follows for the three and nine months ended September 30, 2020 and 2019:
|
|
|
For the three months ended
September 30,
|
|
|
|
|
2020
|
|
|
2019
|
|
|
Balance - beginning of period
|
|
$
|
23,886
|
|
|
$
|
14,034
|
|
|
Utilization of reserve for loan losses
|
|
|
(3,601
|
)
|
|
|
(1,405
|
)
|
|
Provision (received by) charged to operations
|
|
|
(1,044
|
)
|
|
|
3,150
|
|
|
Balance - end of period
|
|
$
|
19,241
|
|
|
$
|
15,779
|
|
|
|
|
For the nine months ended
September 30,
|
|
|
|
|
2020
|
|
|
2019
|
|
|
Balance - beginning of year
|
|
$
|
16,521
|
|
|
$
|
14,312
|
|
|
Utilization of reserve for loan losses
|
|
|
(7,289
|
)
|
|
|
(5,338
|
)
|
|
Provision charged to operations
|
|
|
10,009
|
|
|
|
6,805
|
|
|
Balance - end of period
|
|
$
|
19,241
|
|
|
$
|
15,779
|
|
|