Califo rnia Department of Business Oversight · 2020. 5. 26. · 2012 1,876,767 $165,639,476,215...
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Business, Consumer Services and Housing Agency Department of Business Oversight Business Oversight 2012 State of California California Department of Business Oversight California Department of Business Oversight Annual Report Operation of Finance Companies Licensed under the California Finance Lenders Law
Transcript of Califo rnia Department of Business Oversight · 2020. 5. 26. · 2012 1,876,767 $165,639,476,215...
Business Consumer
Services and
Housing Agency
Department of Business Oversight
Business Oversight
2012
State of
California
California Department of
Business Oversight
Califo rnia Department of Business Oversight
Annual Report
Operation of Finance Companie s
Licensed under the California
Finance Lenders Law
STATE OF CALIFORNIA EDMUND G BROWN JR Governor
BUSINESS CONSUMER SERVICES AND HOUSING AGENCY
DEPARTMENT OF BUSINESS OVERSIGHT
JAN LYNN OWEN CALIFORNIA COMMISSIONER OF BUSINESS OVERSIGHT
Financial Services Division California Finance Lenders Law
Louisa A Broudy Deputy Commissioner Patricia R Speight Special Administrator
Effective July 1 2013 in accordance with the Governorrsquos reorganization of state government functions and departments the Department of Corporations merged with the Department of Financial Institutions to form the Department of Business Oversight
TABLE OF CONTENTS
Page
Introductionhelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphellip 1
Chart of Statistical Information for the Last 10 Years 2
Analysis of Loans Made Under the CFLL for the Last 10 Yearshelliphelliphelliphellip 4
Exhibit A - Balance Sheethelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphellip 6
Exhibit B - Analysis of Loans and Receivables Outstandinghelliphelliphelliphelliphellip 7
Exhibit C - Statement of Income and Expenseshelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphellip 8
Exhibit D - Analysis of Income Receivedhelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphellip 9
Exhibit E - Loans Made or Refinanced by Sizehelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphellip 10
Exhibit F - Loans Made or Refinanced by Type of Securityhelliphelliphelliphelliphelliphellip 11
Exhibit G - Loans Made or Refinanced by Rates Chargedhelliphelliphelliphelliphelliphellip 14
Los Angeles California December 2013
This annual report of licensees under the California Finance Lenderrsquos Law (ldquoReportrdquo) is a composite of annual reports submitted by lender and broker licensees for the calendar year ended December 31 2012 The licenseesrsquo annual reports were submitted in accordance with Section 22159(a) and 22160 of the California Finance Lenders Law which state
22159 (a) Each finance lender and broker licensee shall file an annual report with the commissioner on or before the 15th day of March giving the relevant information that the commissioner reasonably requires concerning the business and operations conducted by the licensee within the state during the preceding calendar year for each licensed place of business The individual annual reports filed pursuant to this section shall be made available to the public for inspection except upon request in the annual report to the commissioner the balance sheet contained in the annual report of a sole proprietor or any other nonpublicly traded persons Nonpublicly traded person for purposes of this section means persons with securities owned by 35 or fewer individuals The report shall be made under oath and in the form prescribed by the commissioner
22160 The commissioner shall make and file annually with the Department of Business Oversight as a public record a composite of the annual reports and any comments on the reports that he or she deems to be in the public interest
This Report is based on unaudited data presented by licensees and submitted in a format prescribed by the Department of Business Oversight While the format of the financial information presented in the Report follows that of conventional financial statements the reader should be aware that the data contained herein is primarily statistical in nature
Statistical data compilations required of licensees have been modified to provide more meaningful statistics Comparison of such data with prior years will be left to the reader
This report and prior yearsrsquo reports can be found on the Departmentrsquos website at wwwdbocagov
California Department of Business Oversight 1
Highlights
Effective July 1 2013 the Department of Corporations and the Department of Financial Institutions merged to form the Department of Business Oversight All powers duties and functions of the Commissioner of Corporations and the Department of Corporations are transferred to the Commissioner of Business Oversight and the Department of Business Oversight respectively
The number of unsecured consumer loans valued between $2500 to $4999 increased by 53 percent from 2011 to 2012 and the principal amount borrowed increased by 54 percent over the same period
The total number of auto title secured loans increased by 69 percent from 2011 to 2012 and the principal amount increased by 75 percent over the same period
The number of consumer loans secured by real property increased by 124 percent from 2011 to 2012 and the principal amount increased by 121 percent to $434 billion over the same period
Historical Data The table below shows the number of licensed California Finance Lenders (including branches) at the end of each calendar year and the number of license applications received each year for the last 10 years
Year Number of Number of Licensees Applications
2012 4385 889
2011 4302 910 2010 4327 1022
2009 4964 1097
2008 5618 1188 2007 7358 2065 2006 7577 2358
2005 6725 2480 2004 5342 1618
2003 4608 1258
California Department of Business Oversight 2
0
500
1000
1500
2000
2500
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Nu
mb
er
of
Ap
plic
atio
ns
Year
Number of Applications Received
California Department of Business Oversight 3
0
1000
2000
3000
4000
5000
6000
7000
8000
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Nu
mb
er
of
Lice
nse
es
Year
Number of Licensees for the Last 10 Years
Analysis of Loans Made Under the CFLL License for the Last 10 Years
CALIFORNIA FINANCE LENDERS
Calendar Year
Number of Loans
Made
Principal Amount of
Loans Made
Average Size of Loans Made in
Consumer Loans
Commercial Loans
All Loans
2012 1876767 $165639476215 $60110 $108137 $88258
2011 3076347 139166897599 36097 47604 45238
2010 2560497 114778811783 44920 44805 44827
2009 2207881 89287544941 42814 39932 40440
2008 2249716 110013356592 30138 54460 48901
2007 2893697 202350867103 52331 76851 69928
2006 3940311 315492843743 106657 63574 80068
2005 3653036 285178701531 88605 70803 78066
2004 4167772 246616649910 50861 68536 59172
2003 5140316 278153215784 28264 96559 54112
California Department of Business Oversight 4
350000000000
300000000000
250000000000
200000000000
150000000000
100000000000
50000000000
0
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Am
ou
nt
of
Loan
s
Year
Comparison of the Principal Dollar Amount of Loans Made
0
20000
40000
60000
80000
100000
120000
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Am
ou
nt
of
Loan
Year
Comparison of Average Size of Loans Made
Consumer Loans Commercial Loans All Loans
California Department of Business Oversight 5
of Total ASSETS Assets
Cash $ 77950824 302
Investments 522594833 2024 California Finance Lenders Loan Receivables 71336690 276
Other Receivables 1045939989 4051 Reserves and Withholds by Banks and Finance
Companies 1396957 006 Real and Personal Property (Net) 108946625 422
Prepaid Expenses and Deferred Charges 7253555 028 Commissions Receivables 93264 000
Other Assets 746331589 2891
Total Assets $ 2581844326 10000
of Total
Liabilities and
LIABILITIES AND NET WORTH Net Worth
Loans and Notes Payable from Third Parties $ 487478509 1888 Loans and Notes Payable from Parent Companies
Affiliates etc 414038338 1604 Bonds Debentures and Certificates of Indebtedness 317363084 1229
Accounts Payable 57282285 222 Dealers Reserves and Withholds 437763 002
Accrued Taxes Other Than Income Tax 1789675 007 Reserve for Income Taxes 42665007 165
Credit Insurance Premiums Due Insurer 24453 000 Other Liabilities and Accruals 874458449 3387
Total Liabilities 2195537563 8504
Net Worth 386306763 1496
Total Liabilities and Net Worth $ 2581844326 10000
Exhibit A California Finance Lenders
Consolidated Balance Sheet As of December 31 2012
($ in thousands)
California Department of Business Oversight 6
Aggregate of
Balance Subtotal
CALIFORNIA FINANCE LENDERS LOAN RECEIVABLES
Consumer Loans $ 17161835 2318
Commercial Loans 56885482 7682
Subtotal $ 74047317 10000
Less Unearned Pre-computed Charges 1200677
Allowance for Bad Debts 1509950
Net California Finance Lenders Loan Receivables $ 71336690
OTHER RECEIVABLES
Sales Contracts $ 246200263 2301 Leases (True Leases) 98103520 917
Factoring 7642790 071 Other 718109706 6711
Subtotal $ 1070056279 10000
Less Unearned Pre-computed Charges and Discounts 12718234
Allowance for Bad Debts 11398056
Net Other Receivables $ 1045939989
Exhibit B California Finance Lenders
Analysis of Loans and Receivables Outstanding As of December 31 2012
($ in thousands)
232 Consumer
Loans
768 Commercial
Loans
Composition of CFL Loan Receivables
California Department of Business Oversight 7
Exhibit C California Finance Lenders
Statement of Income and Expenses For Calendar Year 2012
($ in thousands) of Total
Income
INCOME
Gross Income from California Finance Lenders Loans and California Finance Lenders Brokered Loans $ 7514953 172
Gross Income from All Other Business and Sources 429477277 9828
Total Gross Income $ 436992230 10000
EXPENSES
Loss on Loans Receivable $ 1789556 041 Professional Audit and Accounting Services 789891 018 Insurance and Bond Premiums 1158053 027 Legal Services and Expenses 1898380 043 Occupancy Expenses 3019437 069 Provision for Bad Debt Allowance 4917512 113 Salaries and Bonuses Employees 36042047 825 Salaries and Bonuses Owners Partners Executives 901556 021 Depreciation 24040431 550 License Fees and Taxes 921542 021 Telephone and Utilities 1287242 029 Advertising and Promotions 1360314 031 Other Expenses 296374652 6782
Total Expenses before Interest and Income Taxes $ 374500613 8570
Income before Interest and Income Taxes $ 62491617 1430
Less Interest Paid to Bona Fide Third Parties 25085287 574 Interest Paid to Parent Company Affiliates and Others 8709158 199
Income before Income Taxes $ 28697172 657
Less Provision for Income Taxes 3742416 086
Net Income or (Loss) $ 24954756 571
California Department of Business Oversight 8
Exhibit D California Finance Lenders
Analysis of Income Received For Calendar Year 2012
($ in thousands)
CFL LOANS AND CFL-BROKERED LOANS
Loans Under $2500
Loans $2500 and
Over Total
CONSUMER LOANS
Charges Earned on Loans Collection from Charged Off Accounts Income from Credit Insurance Other Insurance Commissions Administrative Fees Commissions from Loan Brokering Other Income
$ 40084 1094
1 0
4808 1328
97
$ 2592097 71686 1058 5157
98157 44696
313478
$ 2632181 72780 1059 5157
102965 46024
313575
Income from Consumer Loans $ 47412 $ 3126329 $ 3173741
COMMERCIAL LOANS
Charges Earned on Loans Collection from Charged Off Accounts Income from Credit Insurance Other Insurance Commissions Commissions from Loan Brokering Other Income
$ 3889307 10694
0 100
20159 420952
Income from Commercial Loans $ 4341212
Total Income from All Loans $ 7514953
ALL OTHER BUSINESS AND SOURCES
Charges Earned on Loans Other Interest or Return on Investments Collection from Charged Off Accounts Income from Credit Insurance Other Insurance Commissions Other Income Relating to Loans
$ 74190252 15778106 1078789
10182 209577
338210371
Total Income from All Other Business and Sources $ 429477277
California Department of Business Oversight 9
Number of Principal of Total Amount of Total Size of Loan Loans Number ($ in thousands) Amount
CONSUMER LOANS
$ 499 or less 112819 1452 $ 43238 009 500 to 1999 153599 1977 169483 036 2000 to 2499 13514 174 29894 006 2500 to 4999 234754 3022 694970 149 5000 to 9999 50705 653 341002 073 10000 or more 211438 2722 45416541 9727
Total Consumer Loans
Made 776829 10000 $ 46695128 10000
COMMERCIAL LOANS
$5000 or more 1099938 10000 $ 118944348 10000
Total Commercial Loans
Made 1099938 10000 $ 118944348 10000
Total Loans Made All Categories 1876767 $ 165639476
Exhibit E California Finance Lenders
Loans Made or Refinanced By Size For Calendar Year 2012
California Department of Business Oversight 10
Exhibit F California Finance Lenders
Loans Made or Refinanced By Type of Security for Calendar Year 2012
of Principal of Number of Total Amount Total
Type of Security Loans Number ($ in thousands) Amount
CONSUMER LOANS
LOANS UNDER $2500
Unsecured 264351 9443 $ 219604 9052
Personal Property 3358 120 5589 230
Automobiles amp Other Motor Vehicles 1976 071 3644 150 Auto Title Loans 958 034 1813 075
Wage Assignments 0 000 0 000
Other Security 9289 332 11965 493
Total Loans Made 279932 10000 $ 242615 10000
LOANS OF $2500 TO $4999
Unsecured 146100 6224 $ 409653 5895
Personal Property 14728 627 51055 735 Automobiles amp Other Motor Vehicles 14749 628 52020 748
Auto Title Loans 54340 2315 164934 2373
Wage Assignments 0 000 0 000
Other Security 4837 206 17308 249
Total Loans Made 234754 10000 $ 694970 10000
LOANS OF $5000 TO $9999
Unsecured 19529 3852 $ 125966 3694
Personal Property 2582 509 14900 437 Automobiles amp Other Motor Vehicles 20105 3965 145448 4265
Auto Title Loans 8228 1623 52349 1535
Wage Assignments 0 000 0 000
Real Property 164 032 1739 051 Other Security 97 019 600 018
Total Loans Made 50705 10000 $ 341002 10000
LOANS OF $10000 AND MORE
Unsecured 5464 259 $ 204278 045
Personal Property 228 011 15938 003
Automobiles amp Other Motor Vehicles 56247 2660 1638002 361
Auto Title Loans 1059 050 15158 003 Wage Assignments 3 000 32 000
Real Property 147105 6957 43444564 9566
Other Security 1332 063 98569 022
Total Loans Made 211438 10000 $ 45416541 10000
Total Consumer Loans Made 776829 $ 46695128
California Department of Business Oversight 11
Exhibit F (Continued) California Finance Lenders
Loans Made or Refinanced By Type of Security for Calendar Year 2012
Number of of of Total Principal Amount Total
Type of Security Loans Number ($ in thousands) Amount
ALL CONSUMER LOANS
Unsecured 435444 5606 $ 959501 205 Personal Property 20896 269 87482 019 Automobiles amp Other Motor Vehicles 93077 1198 1839114 394 Auto Title Loans 64585 831 234254 050 Wage Assignments 3 000 32 000 Real Property 147269 1896 43446303 9304 Other Security 15555 200 128442 028
Total Consumer Loans Made 776829 10000 $ 46695128 10000
California Department of Business Oversight 12
Number of Principal of
of Total Amount Total Type of Security Loans Number ($ in thousands) Amount
COMMERCIAL LOANS
Unsecured 15394 140 $ 25761860 2166 Personal Property 16278 148 2728481 229
Automobiles amp Other Motor Vehicles 986201 8966 54948885 4620 Business Equipment 29443 267 2717855 228
Real Property 6563 060 18931354 1592 Other Security 46059 419 13855913 1165
Total Commercial Loans Made 1099938 10000 $ 118944348 10000
Total Loans Made All Categories 1876767 $ 165639476
Exhibit F (Continued) California Finance Lenders
Loans Made or Refinanced By Type of Security for Calendar Year 2012
California Department of Business Oversight 13
Exhibit G California Finance Lenders
Loans Made or Refinanced by Interest Rates Charged for Calendar Year 2012
Number of Principal of of Total Amount Total
Rates Charged Loans Number ($ in thousands) Amount
CONSUMER LOANS
LOANS UNDER $2500
Step Rate 25 2 15 1 per month 120170 4293 $ 32148 1325
Alternate Rate 16 per month 9 000 17 001 Federal Reserve Bank Rate plus 10 0 000 0 000
Other Rates Up to 14999 APR 13411 479 40260 1659 15000 to 19999 APR 13590 486 13351 550 20000 to 24999 APR 3495 125 6136 253 25000 to 29999 APR 21723 776 27805 1146 30000 to 34999 APR 16041 573 25853 1066 35000 to 39999 APR 50167 1792 65777 2711 40000 to 69999 APR 40879 1460 30441 1255 70000 to 99999 APR 237 009 445 018 100000 or More APR 112 004 206 009 Variable Rates Based on Index 98 004 176 007
Total Loans Made 279932 10000 $ 242615 10000
LOANS OF $2500 TO $4999
Up to 14999 APR 4580 195 $ 14951 215 15000 to 19999 APR 3061 130 10907 157 20000 to 24999 APR 2608 111 8068 116 25000 to 29999 APR 11161 475 38361 552 30000 to 34999 APR 25176 1073 78751 1133 35000 to 39999 APR 27415 1168 85740 1234 40000 to 69999 APR 4994 213 15800 227 70000 to 99999 APR 34627 1475 105584 1519 100000 or More APR 120800 5146 335992 4835 Variable Rates Based on Index 332 014 816 012
Total Loans Made 234754 10000 $ 694970 10000
California Department of Business Oversight 14
Exhibit G (Continued) California Finance Lenders
Loans Made or Refinanced by Interest Rates Charged for Calendar Year 2012
Rates Charged
Number of
Loans
of Total
Number
Principal Amount
($ in thousands)
of Total
Amount
LOANS OF $5000 TO $9999
Up to 14999 APR 15000 to 19999 APR 20000 to 24999 APR 25000 to 29999 APR 30000 to 34999 APR 35000 to 39999 APR 40000 to 69999 APR 70000 to 99999 APR 100000 or More APR Variable Rates Based on Index
Total Loans Made
3172 1387 4177 7253 6062
14720 1761 5560 6577
36
50705
626 273 824
1430 1196 2903
347 1097 1297
007
10000
$
$
24462 10945 31240 49946 38211
104065 11954 35447 34452
280
341002
717 321 916
1465 1121 3052 351
1039 1010 008
10000
LOANS OF $10000 AND MORE
Up to 14999 APR 15000 to 19999 APR 20000 to 24999 APR 25000 to 29999 APR 30000 to 34999 APR 35000 to 39999 APR 40000 to 69999 APR 70000 to 99999 APR 100000 or More APR Variable Rates Based on Index
Total Loans Made
189886 5892 6049 1211
584 1166
314 3171 1071 2094
211438
8981 279 286 057 027 055 015 150 051 099
10000
$
$
44367974 101447 85241 15269
109737 14742 5110
33858 17234
665929
45416541
9769 022 019 003 024 003 001 008 004 147
10000
Total Consumer Loans Made 776829 $ 46695128
California Department of Business Oversight 15
Exhibit G (Continued) California Finance Lenders
Loans Made or Refinanced by Interest Rates Charged for Calendar Year 2012
Number of of of Total Principal Amount Total
Rates Charged Loans Number ($ in thousands) Amount
COMMERCIAL LOANS
Up to 14999 APR 82830 753 $ 49220152 4138 15000 to 19999 APR 9297 085 749890 063 20000 to 24999 APR 1193 011 140417 012 25000 to 29999 APR 884 008 86598 007 30000 to 34999 APR 528 005 37258 003 35000 to 39999 APR 1376 012 69235 006 40000 to 69999 APR 2805 025 87037 007 70000 to 99999 APR 350 003 13399 001 100000 or More APR 1304 012 128297 011 Variable Rates Based on Index 999371 9086 68412065 5752
Total Commercial Loans Made 1099938 10000 $ 118944348 10000
Total Loans Made All Categories 1876767 $ 165639476
California Department of Business Oversight 16
California Department of Business Oversight Toll-Free 1-866-275-2677
TTY 1-800-735-2922 Online wwwdbocagov
To request additional copies of this report please call our toll-free number or e-mail formsdbocagov
Materials presented in this report are a collective effort of the staff of the California Department of Business Oversight
California Department of Business Oversight 17
STATE OF CALIFORNIA EDMUND G BROWN JR Governor
BUSINESS CONSUMER SERVICES AND HOUSING AGENCY
DEPARTMENT OF BUSINESS OVERSIGHT
JAN LYNN OWEN CALIFORNIA COMMISSIONER OF BUSINESS OVERSIGHT
Financial Services Division California Finance Lenders Law
Louisa A Broudy Deputy Commissioner Patricia R Speight Special Administrator
Effective July 1 2013 in accordance with the Governorrsquos reorganization of state government functions and departments the Department of Corporations merged with the Department of Financial Institutions to form the Department of Business Oversight
TABLE OF CONTENTS
Page
Introductionhelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphellip 1
Chart of Statistical Information for the Last 10 Years 2
Analysis of Loans Made Under the CFLL for the Last 10 Yearshelliphelliphelliphellip 4
Exhibit A - Balance Sheethelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphellip 6
Exhibit B - Analysis of Loans and Receivables Outstandinghelliphelliphelliphelliphellip 7
Exhibit C - Statement of Income and Expenseshelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphellip 8
Exhibit D - Analysis of Income Receivedhelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphellip 9
Exhibit E - Loans Made or Refinanced by Sizehelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphellip 10
Exhibit F - Loans Made or Refinanced by Type of Securityhelliphelliphelliphelliphelliphellip 11
Exhibit G - Loans Made or Refinanced by Rates Chargedhelliphelliphelliphelliphelliphellip 14
Los Angeles California December 2013
This annual report of licensees under the California Finance Lenderrsquos Law (ldquoReportrdquo) is a composite of annual reports submitted by lender and broker licensees for the calendar year ended December 31 2012 The licenseesrsquo annual reports were submitted in accordance with Section 22159(a) and 22160 of the California Finance Lenders Law which state
22159 (a) Each finance lender and broker licensee shall file an annual report with the commissioner on or before the 15th day of March giving the relevant information that the commissioner reasonably requires concerning the business and operations conducted by the licensee within the state during the preceding calendar year for each licensed place of business The individual annual reports filed pursuant to this section shall be made available to the public for inspection except upon request in the annual report to the commissioner the balance sheet contained in the annual report of a sole proprietor or any other nonpublicly traded persons Nonpublicly traded person for purposes of this section means persons with securities owned by 35 or fewer individuals The report shall be made under oath and in the form prescribed by the commissioner
22160 The commissioner shall make and file annually with the Department of Business Oversight as a public record a composite of the annual reports and any comments on the reports that he or she deems to be in the public interest
This Report is based on unaudited data presented by licensees and submitted in a format prescribed by the Department of Business Oversight While the format of the financial information presented in the Report follows that of conventional financial statements the reader should be aware that the data contained herein is primarily statistical in nature
Statistical data compilations required of licensees have been modified to provide more meaningful statistics Comparison of such data with prior years will be left to the reader
This report and prior yearsrsquo reports can be found on the Departmentrsquos website at wwwdbocagov
California Department of Business Oversight 1
Highlights
Effective July 1 2013 the Department of Corporations and the Department of Financial Institutions merged to form the Department of Business Oversight All powers duties and functions of the Commissioner of Corporations and the Department of Corporations are transferred to the Commissioner of Business Oversight and the Department of Business Oversight respectively
The number of unsecured consumer loans valued between $2500 to $4999 increased by 53 percent from 2011 to 2012 and the principal amount borrowed increased by 54 percent over the same period
The total number of auto title secured loans increased by 69 percent from 2011 to 2012 and the principal amount increased by 75 percent over the same period
The number of consumer loans secured by real property increased by 124 percent from 2011 to 2012 and the principal amount increased by 121 percent to $434 billion over the same period
Historical Data The table below shows the number of licensed California Finance Lenders (including branches) at the end of each calendar year and the number of license applications received each year for the last 10 years
Year Number of Number of Licensees Applications
2012 4385 889
2011 4302 910 2010 4327 1022
2009 4964 1097
2008 5618 1188 2007 7358 2065 2006 7577 2358
2005 6725 2480 2004 5342 1618
2003 4608 1258
California Department of Business Oversight 2
0
500
1000
1500
2000
2500
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Nu
mb
er
of
Ap
plic
atio
ns
Year
Number of Applications Received
California Department of Business Oversight 3
0
1000
2000
3000
4000
5000
6000
7000
8000
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Nu
mb
er
of
Lice
nse
es
Year
Number of Licensees for the Last 10 Years
Analysis of Loans Made Under the CFLL License for the Last 10 Years
CALIFORNIA FINANCE LENDERS
Calendar Year
Number of Loans
Made
Principal Amount of
Loans Made
Average Size of Loans Made in
Consumer Loans
Commercial Loans
All Loans
2012 1876767 $165639476215 $60110 $108137 $88258
2011 3076347 139166897599 36097 47604 45238
2010 2560497 114778811783 44920 44805 44827
2009 2207881 89287544941 42814 39932 40440
2008 2249716 110013356592 30138 54460 48901
2007 2893697 202350867103 52331 76851 69928
2006 3940311 315492843743 106657 63574 80068
2005 3653036 285178701531 88605 70803 78066
2004 4167772 246616649910 50861 68536 59172
2003 5140316 278153215784 28264 96559 54112
California Department of Business Oversight 4
350000000000
300000000000
250000000000
200000000000
150000000000
100000000000
50000000000
0
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Am
ou
nt
of
Loan
s
Year
Comparison of the Principal Dollar Amount of Loans Made
0
20000
40000
60000
80000
100000
120000
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Am
ou
nt
of
Loan
Year
Comparison of Average Size of Loans Made
Consumer Loans Commercial Loans All Loans
California Department of Business Oversight 5
of Total ASSETS Assets
Cash $ 77950824 302
Investments 522594833 2024 California Finance Lenders Loan Receivables 71336690 276
Other Receivables 1045939989 4051 Reserves and Withholds by Banks and Finance
Companies 1396957 006 Real and Personal Property (Net) 108946625 422
Prepaid Expenses and Deferred Charges 7253555 028 Commissions Receivables 93264 000
Other Assets 746331589 2891
Total Assets $ 2581844326 10000
of Total
Liabilities and
LIABILITIES AND NET WORTH Net Worth
Loans and Notes Payable from Third Parties $ 487478509 1888 Loans and Notes Payable from Parent Companies
Affiliates etc 414038338 1604 Bonds Debentures and Certificates of Indebtedness 317363084 1229
Accounts Payable 57282285 222 Dealers Reserves and Withholds 437763 002
Accrued Taxes Other Than Income Tax 1789675 007 Reserve for Income Taxes 42665007 165
Credit Insurance Premiums Due Insurer 24453 000 Other Liabilities and Accruals 874458449 3387
Total Liabilities 2195537563 8504
Net Worth 386306763 1496
Total Liabilities and Net Worth $ 2581844326 10000
Exhibit A California Finance Lenders
Consolidated Balance Sheet As of December 31 2012
($ in thousands)
California Department of Business Oversight 6
Aggregate of
Balance Subtotal
CALIFORNIA FINANCE LENDERS LOAN RECEIVABLES
Consumer Loans $ 17161835 2318
Commercial Loans 56885482 7682
Subtotal $ 74047317 10000
Less Unearned Pre-computed Charges 1200677
Allowance for Bad Debts 1509950
Net California Finance Lenders Loan Receivables $ 71336690
OTHER RECEIVABLES
Sales Contracts $ 246200263 2301 Leases (True Leases) 98103520 917
Factoring 7642790 071 Other 718109706 6711
Subtotal $ 1070056279 10000
Less Unearned Pre-computed Charges and Discounts 12718234
Allowance for Bad Debts 11398056
Net Other Receivables $ 1045939989
Exhibit B California Finance Lenders
Analysis of Loans and Receivables Outstanding As of December 31 2012
($ in thousands)
232 Consumer
Loans
768 Commercial
Loans
Composition of CFL Loan Receivables
California Department of Business Oversight 7
Exhibit C California Finance Lenders
Statement of Income and Expenses For Calendar Year 2012
($ in thousands) of Total
Income
INCOME
Gross Income from California Finance Lenders Loans and California Finance Lenders Brokered Loans $ 7514953 172
Gross Income from All Other Business and Sources 429477277 9828
Total Gross Income $ 436992230 10000
EXPENSES
Loss on Loans Receivable $ 1789556 041 Professional Audit and Accounting Services 789891 018 Insurance and Bond Premiums 1158053 027 Legal Services and Expenses 1898380 043 Occupancy Expenses 3019437 069 Provision for Bad Debt Allowance 4917512 113 Salaries and Bonuses Employees 36042047 825 Salaries and Bonuses Owners Partners Executives 901556 021 Depreciation 24040431 550 License Fees and Taxes 921542 021 Telephone and Utilities 1287242 029 Advertising and Promotions 1360314 031 Other Expenses 296374652 6782
Total Expenses before Interest and Income Taxes $ 374500613 8570
Income before Interest and Income Taxes $ 62491617 1430
Less Interest Paid to Bona Fide Third Parties 25085287 574 Interest Paid to Parent Company Affiliates and Others 8709158 199
Income before Income Taxes $ 28697172 657
Less Provision for Income Taxes 3742416 086
Net Income or (Loss) $ 24954756 571
California Department of Business Oversight 8
Exhibit D California Finance Lenders
Analysis of Income Received For Calendar Year 2012
($ in thousands)
CFL LOANS AND CFL-BROKERED LOANS
Loans Under $2500
Loans $2500 and
Over Total
CONSUMER LOANS
Charges Earned on Loans Collection from Charged Off Accounts Income from Credit Insurance Other Insurance Commissions Administrative Fees Commissions from Loan Brokering Other Income
$ 40084 1094
1 0
4808 1328
97
$ 2592097 71686 1058 5157
98157 44696
313478
$ 2632181 72780 1059 5157
102965 46024
313575
Income from Consumer Loans $ 47412 $ 3126329 $ 3173741
COMMERCIAL LOANS
Charges Earned on Loans Collection from Charged Off Accounts Income from Credit Insurance Other Insurance Commissions Commissions from Loan Brokering Other Income
$ 3889307 10694
0 100
20159 420952
Income from Commercial Loans $ 4341212
Total Income from All Loans $ 7514953
ALL OTHER BUSINESS AND SOURCES
Charges Earned on Loans Other Interest or Return on Investments Collection from Charged Off Accounts Income from Credit Insurance Other Insurance Commissions Other Income Relating to Loans
$ 74190252 15778106 1078789
10182 209577
338210371
Total Income from All Other Business and Sources $ 429477277
California Department of Business Oversight 9
Number of Principal of Total Amount of Total Size of Loan Loans Number ($ in thousands) Amount
CONSUMER LOANS
$ 499 or less 112819 1452 $ 43238 009 500 to 1999 153599 1977 169483 036 2000 to 2499 13514 174 29894 006 2500 to 4999 234754 3022 694970 149 5000 to 9999 50705 653 341002 073 10000 or more 211438 2722 45416541 9727
Total Consumer Loans
Made 776829 10000 $ 46695128 10000
COMMERCIAL LOANS
$5000 or more 1099938 10000 $ 118944348 10000
Total Commercial Loans
Made 1099938 10000 $ 118944348 10000
Total Loans Made All Categories 1876767 $ 165639476
Exhibit E California Finance Lenders
Loans Made or Refinanced By Size For Calendar Year 2012
California Department of Business Oversight 10
Exhibit F California Finance Lenders
Loans Made or Refinanced By Type of Security for Calendar Year 2012
of Principal of Number of Total Amount Total
Type of Security Loans Number ($ in thousands) Amount
CONSUMER LOANS
LOANS UNDER $2500
Unsecured 264351 9443 $ 219604 9052
Personal Property 3358 120 5589 230
Automobiles amp Other Motor Vehicles 1976 071 3644 150 Auto Title Loans 958 034 1813 075
Wage Assignments 0 000 0 000
Other Security 9289 332 11965 493
Total Loans Made 279932 10000 $ 242615 10000
LOANS OF $2500 TO $4999
Unsecured 146100 6224 $ 409653 5895
Personal Property 14728 627 51055 735 Automobiles amp Other Motor Vehicles 14749 628 52020 748
Auto Title Loans 54340 2315 164934 2373
Wage Assignments 0 000 0 000
Other Security 4837 206 17308 249
Total Loans Made 234754 10000 $ 694970 10000
LOANS OF $5000 TO $9999
Unsecured 19529 3852 $ 125966 3694
Personal Property 2582 509 14900 437 Automobiles amp Other Motor Vehicles 20105 3965 145448 4265
Auto Title Loans 8228 1623 52349 1535
Wage Assignments 0 000 0 000
Real Property 164 032 1739 051 Other Security 97 019 600 018
Total Loans Made 50705 10000 $ 341002 10000
LOANS OF $10000 AND MORE
Unsecured 5464 259 $ 204278 045
Personal Property 228 011 15938 003
Automobiles amp Other Motor Vehicles 56247 2660 1638002 361
Auto Title Loans 1059 050 15158 003 Wage Assignments 3 000 32 000
Real Property 147105 6957 43444564 9566
Other Security 1332 063 98569 022
Total Loans Made 211438 10000 $ 45416541 10000
Total Consumer Loans Made 776829 $ 46695128
California Department of Business Oversight 11
Exhibit F (Continued) California Finance Lenders
Loans Made or Refinanced By Type of Security for Calendar Year 2012
Number of of of Total Principal Amount Total
Type of Security Loans Number ($ in thousands) Amount
ALL CONSUMER LOANS
Unsecured 435444 5606 $ 959501 205 Personal Property 20896 269 87482 019 Automobiles amp Other Motor Vehicles 93077 1198 1839114 394 Auto Title Loans 64585 831 234254 050 Wage Assignments 3 000 32 000 Real Property 147269 1896 43446303 9304 Other Security 15555 200 128442 028
Total Consumer Loans Made 776829 10000 $ 46695128 10000
California Department of Business Oversight 12
Number of Principal of
of Total Amount Total Type of Security Loans Number ($ in thousands) Amount
COMMERCIAL LOANS
Unsecured 15394 140 $ 25761860 2166 Personal Property 16278 148 2728481 229
Automobiles amp Other Motor Vehicles 986201 8966 54948885 4620 Business Equipment 29443 267 2717855 228
Real Property 6563 060 18931354 1592 Other Security 46059 419 13855913 1165
Total Commercial Loans Made 1099938 10000 $ 118944348 10000
Total Loans Made All Categories 1876767 $ 165639476
Exhibit F (Continued) California Finance Lenders
Loans Made or Refinanced By Type of Security for Calendar Year 2012
California Department of Business Oversight 13
Exhibit G California Finance Lenders
Loans Made or Refinanced by Interest Rates Charged for Calendar Year 2012
Number of Principal of of Total Amount Total
Rates Charged Loans Number ($ in thousands) Amount
CONSUMER LOANS
LOANS UNDER $2500
Step Rate 25 2 15 1 per month 120170 4293 $ 32148 1325
Alternate Rate 16 per month 9 000 17 001 Federal Reserve Bank Rate plus 10 0 000 0 000
Other Rates Up to 14999 APR 13411 479 40260 1659 15000 to 19999 APR 13590 486 13351 550 20000 to 24999 APR 3495 125 6136 253 25000 to 29999 APR 21723 776 27805 1146 30000 to 34999 APR 16041 573 25853 1066 35000 to 39999 APR 50167 1792 65777 2711 40000 to 69999 APR 40879 1460 30441 1255 70000 to 99999 APR 237 009 445 018 100000 or More APR 112 004 206 009 Variable Rates Based on Index 98 004 176 007
Total Loans Made 279932 10000 $ 242615 10000
LOANS OF $2500 TO $4999
Up to 14999 APR 4580 195 $ 14951 215 15000 to 19999 APR 3061 130 10907 157 20000 to 24999 APR 2608 111 8068 116 25000 to 29999 APR 11161 475 38361 552 30000 to 34999 APR 25176 1073 78751 1133 35000 to 39999 APR 27415 1168 85740 1234 40000 to 69999 APR 4994 213 15800 227 70000 to 99999 APR 34627 1475 105584 1519 100000 or More APR 120800 5146 335992 4835 Variable Rates Based on Index 332 014 816 012
Total Loans Made 234754 10000 $ 694970 10000
California Department of Business Oversight 14
Exhibit G (Continued) California Finance Lenders
Loans Made or Refinanced by Interest Rates Charged for Calendar Year 2012
Rates Charged
Number of
Loans
of Total
Number
Principal Amount
($ in thousands)
of Total
Amount
LOANS OF $5000 TO $9999
Up to 14999 APR 15000 to 19999 APR 20000 to 24999 APR 25000 to 29999 APR 30000 to 34999 APR 35000 to 39999 APR 40000 to 69999 APR 70000 to 99999 APR 100000 or More APR Variable Rates Based on Index
Total Loans Made
3172 1387 4177 7253 6062
14720 1761 5560 6577
36
50705
626 273 824
1430 1196 2903
347 1097 1297
007
10000
$
$
24462 10945 31240 49946 38211
104065 11954 35447 34452
280
341002
717 321 916
1465 1121 3052 351
1039 1010 008
10000
LOANS OF $10000 AND MORE
Up to 14999 APR 15000 to 19999 APR 20000 to 24999 APR 25000 to 29999 APR 30000 to 34999 APR 35000 to 39999 APR 40000 to 69999 APR 70000 to 99999 APR 100000 or More APR Variable Rates Based on Index
Total Loans Made
189886 5892 6049 1211
584 1166
314 3171 1071 2094
211438
8981 279 286 057 027 055 015 150 051 099
10000
$
$
44367974 101447 85241 15269
109737 14742 5110
33858 17234
665929
45416541
9769 022 019 003 024 003 001 008 004 147
10000
Total Consumer Loans Made 776829 $ 46695128
California Department of Business Oversight 15
Exhibit G (Continued) California Finance Lenders
Loans Made or Refinanced by Interest Rates Charged for Calendar Year 2012
Number of of of Total Principal Amount Total
Rates Charged Loans Number ($ in thousands) Amount
COMMERCIAL LOANS
Up to 14999 APR 82830 753 $ 49220152 4138 15000 to 19999 APR 9297 085 749890 063 20000 to 24999 APR 1193 011 140417 012 25000 to 29999 APR 884 008 86598 007 30000 to 34999 APR 528 005 37258 003 35000 to 39999 APR 1376 012 69235 006 40000 to 69999 APR 2805 025 87037 007 70000 to 99999 APR 350 003 13399 001 100000 or More APR 1304 012 128297 011 Variable Rates Based on Index 999371 9086 68412065 5752
Total Commercial Loans Made 1099938 10000 $ 118944348 10000
Total Loans Made All Categories 1876767 $ 165639476
California Department of Business Oversight 16
California Department of Business Oversight Toll-Free 1-866-275-2677
TTY 1-800-735-2922 Online wwwdbocagov
To request additional copies of this report please call our toll-free number or e-mail formsdbocagov
Materials presented in this report are a collective effort of the staff of the California Department of Business Oversight
California Department of Business Oversight 17
TABLE OF CONTENTS
Page
Introductionhelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphellip 1
Chart of Statistical Information for the Last 10 Years 2
Analysis of Loans Made Under the CFLL for the Last 10 Yearshelliphelliphelliphellip 4
Exhibit A - Balance Sheethelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphellip 6
Exhibit B - Analysis of Loans and Receivables Outstandinghelliphelliphelliphelliphellip 7
Exhibit C - Statement of Income and Expenseshelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphellip 8
Exhibit D - Analysis of Income Receivedhelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphellip 9
Exhibit E - Loans Made or Refinanced by Sizehelliphelliphelliphelliphelliphelliphelliphelliphelliphelliphellip 10
Exhibit F - Loans Made or Refinanced by Type of Securityhelliphelliphelliphelliphelliphellip 11
Exhibit G - Loans Made or Refinanced by Rates Chargedhelliphelliphelliphelliphelliphellip 14
Los Angeles California December 2013
This annual report of licensees under the California Finance Lenderrsquos Law (ldquoReportrdquo) is a composite of annual reports submitted by lender and broker licensees for the calendar year ended December 31 2012 The licenseesrsquo annual reports were submitted in accordance with Section 22159(a) and 22160 of the California Finance Lenders Law which state
22159 (a) Each finance lender and broker licensee shall file an annual report with the commissioner on or before the 15th day of March giving the relevant information that the commissioner reasonably requires concerning the business and operations conducted by the licensee within the state during the preceding calendar year for each licensed place of business The individual annual reports filed pursuant to this section shall be made available to the public for inspection except upon request in the annual report to the commissioner the balance sheet contained in the annual report of a sole proprietor or any other nonpublicly traded persons Nonpublicly traded person for purposes of this section means persons with securities owned by 35 or fewer individuals The report shall be made under oath and in the form prescribed by the commissioner
22160 The commissioner shall make and file annually with the Department of Business Oversight as a public record a composite of the annual reports and any comments on the reports that he or she deems to be in the public interest
This Report is based on unaudited data presented by licensees and submitted in a format prescribed by the Department of Business Oversight While the format of the financial information presented in the Report follows that of conventional financial statements the reader should be aware that the data contained herein is primarily statistical in nature
Statistical data compilations required of licensees have been modified to provide more meaningful statistics Comparison of such data with prior years will be left to the reader
This report and prior yearsrsquo reports can be found on the Departmentrsquos website at wwwdbocagov
California Department of Business Oversight 1
Highlights
Effective July 1 2013 the Department of Corporations and the Department of Financial Institutions merged to form the Department of Business Oversight All powers duties and functions of the Commissioner of Corporations and the Department of Corporations are transferred to the Commissioner of Business Oversight and the Department of Business Oversight respectively
The number of unsecured consumer loans valued between $2500 to $4999 increased by 53 percent from 2011 to 2012 and the principal amount borrowed increased by 54 percent over the same period
The total number of auto title secured loans increased by 69 percent from 2011 to 2012 and the principal amount increased by 75 percent over the same period
The number of consumer loans secured by real property increased by 124 percent from 2011 to 2012 and the principal amount increased by 121 percent to $434 billion over the same period
Historical Data The table below shows the number of licensed California Finance Lenders (including branches) at the end of each calendar year and the number of license applications received each year for the last 10 years
Year Number of Number of Licensees Applications
2012 4385 889
2011 4302 910 2010 4327 1022
2009 4964 1097
2008 5618 1188 2007 7358 2065 2006 7577 2358
2005 6725 2480 2004 5342 1618
2003 4608 1258
California Department of Business Oversight 2
0
500
1000
1500
2000
2500
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Nu
mb
er
of
Ap
plic
atio
ns
Year
Number of Applications Received
California Department of Business Oversight 3
0
1000
2000
3000
4000
5000
6000
7000
8000
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Nu
mb
er
of
Lice
nse
es
Year
Number of Licensees for the Last 10 Years
Analysis of Loans Made Under the CFLL License for the Last 10 Years
CALIFORNIA FINANCE LENDERS
Calendar Year
Number of Loans
Made
Principal Amount of
Loans Made
Average Size of Loans Made in
Consumer Loans
Commercial Loans
All Loans
2012 1876767 $165639476215 $60110 $108137 $88258
2011 3076347 139166897599 36097 47604 45238
2010 2560497 114778811783 44920 44805 44827
2009 2207881 89287544941 42814 39932 40440
2008 2249716 110013356592 30138 54460 48901
2007 2893697 202350867103 52331 76851 69928
2006 3940311 315492843743 106657 63574 80068
2005 3653036 285178701531 88605 70803 78066
2004 4167772 246616649910 50861 68536 59172
2003 5140316 278153215784 28264 96559 54112
California Department of Business Oversight 4
350000000000
300000000000
250000000000
200000000000
150000000000
100000000000
50000000000
0
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Am
ou
nt
of
Loan
s
Year
Comparison of the Principal Dollar Amount of Loans Made
0
20000
40000
60000
80000
100000
120000
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Am
ou
nt
of
Loan
Year
Comparison of Average Size of Loans Made
Consumer Loans Commercial Loans All Loans
California Department of Business Oversight 5
of Total ASSETS Assets
Cash $ 77950824 302
Investments 522594833 2024 California Finance Lenders Loan Receivables 71336690 276
Other Receivables 1045939989 4051 Reserves and Withholds by Banks and Finance
Companies 1396957 006 Real and Personal Property (Net) 108946625 422
Prepaid Expenses and Deferred Charges 7253555 028 Commissions Receivables 93264 000
Other Assets 746331589 2891
Total Assets $ 2581844326 10000
of Total
Liabilities and
LIABILITIES AND NET WORTH Net Worth
Loans and Notes Payable from Third Parties $ 487478509 1888 Loans and Notes Payable from Parent Companies
Affiliates etc 414038338 1604 Bonds Debentures and Certificates of Indebtedness 317363084 1229
Accounts Payable 57282285 222 Dealers Reserves and Withholds 437763 002
Accrued Taxes Other Than Income Tax 1789675 007 Reserve for Income Taxes 42665007 165
Credit Insurance Premiums Due Insurer 24453 000 Other Liabilities and Accruals 874458449 3387
Total Liabilities 2195537563 8504
Net Worth 386306763 1496
Total Liabilities and Net Worth $ 2581844326 10000
Exhibit A California Finance Lenders
Consolidated Balance Sheet As of December 31 2012
($ in thousands)
California Department of Business Oversight 6
Aggregate of
Balance Subtotal
CALIFORNIA FINANCE LENDERS LOAN RECEIVABLES
Consumer Loans $ 17161835 2318
Commercial Loans 56885482 7682
Subtotal $ 74047317 10000
Less Unearned Pre-computed Charges 1200677
Allowance for Bad Debts 1509950
Net California Finance Lenders Loan Receivables $ 71336690
OTHER RECEIVABLES
Sales Contracts $ 246200263 2301 Leases (True Leases) 98103520 917
Factoring 7642790 071 Other 718109706 6711
Subtotal $ 1070056279 10000
Less Unearned Pre-computed Charges and Discounts 12718234
Allowance for Bad Debts 11398056
Net Other Receivables $ 1045939989
Exhibit B California Finance Lenders
Analysis of Loans and Receivables Outstanding As of December 31 2012
($ in thousands)
232 Consumer
Loans
768 Commercial
Loans
Composition of CFL Loan Receivables
California Department of Business Oversight 7
Exhibit C California Finance Lenders
Statement of Income and Expenses For Calendar Year 2012
($ in thousands) of Total
Income
INCOME
Gross Income from California Finance Lenders Loans and California Finance Lenders Brokered Loans $ 7514953 172
Gross Income from All Other Business and Sources 429477277 9828
Total Gross Income $ 436992230 10000
EXPENSES
Loss on Loans Receivable $ 1789556 041 Professional Audit and Accounting Services 789891 018 Insurance and Bond Premiums 1158053 027 Legal Services and Expenses 1898380 043 Occupancy Expenses 3019437 069 Provision for Bad Debt Allowance 4917512 113 Salaries and Bonuses Employees 36042047 825 Salaries and Bonuses Owners Partners Executives 901556 021 Depreciation 24040431 550 License Fees and Taxes 921542 021 Telephone and Utilities 1287242 029 Advertising and Promotions 1360314 031 Other Expenses 296374652 6782
Total Expenses before Interest and Income Taxes $ 374500613 8570
Income before Interest and Income Taxes $ 62491617 1430
Less Interest Paid to Bona Fide Third Parties 25085287 574 Interest Paid to Parent Company Affiliates and Others 8709158 199
Income before Income Taxes $ 28697172 657
Less Provision for Income Taxes 3742416 086
Net Income or (Loss) $ 24954756 571
California Department of Business Oversight 8
Exhibit D California Finance Lenders
Analysis of Income Received For Calendar Year 2012
($ in thousands)
CFL LOANS AND CFL-BROKERED LOANS
Loans Under $2500
Loans $2500 and
Over Total
CONSUMER LOANS
Charges Earned on Loans Collection from Charged Off Accounts Income from Credit Insurance Other Insurance Commissions Administrative Fees Commissions from Loan Brokering Other Income
$ 40084 1094
1 0
4808 1328
97
$ 2592097 71686 1058 5157
98157 44696
313478
$ 2632181 72780 1059 5157
102965 46024
313575
Income from Consumer Loans $ 47412 $ 3126329 $ 3173741
COMMERCIAL LOANS
Charges Earned on Loans Collection from Charged Off Accounts Income from Credit Insurance Other Insurance Commissions Commissions from Loan Brokering Other Income
$ 3889307 10694
0 100
20159 420952
Income from Commercial Loans $ 4341212
Total Income from All Loans $ 7514953
ALL OTHER BUSINESS AND SOURCES
Charges Earned on Loans Other Interest or Return on Investments Collection from Charged Off Accounts Income from Credit Insurance Other Insurance Commissions Other Income Relating to Loans
$ 74190252 15778106 1078789
10182 209577
338210371
Total Income from All Other Business and Sources $ 429477277
California Department of Business Oversight 9
Number of Principal of Total Amount of Total Size of Loan Loans Number ($ in thousands) Amount
CONSUMER LOANS
$ 499 or less 112819 1452 $ 43238 009 500 to 1999 153599 1977 169483 036 2000 to 2499 13514 174 29894 006 2500 to 4999 234754 3022 694970 149 5000 to 9999 50705 653 341002 073 10000 or more 211438 2722 45416541 9727
Total Consumer Loans
Made 776829 10000 $ 46695128 10000
COMMERCIAL LOANS
$5000 or more 1099938 10000 $ 118944348 10000
Total Commercial Loans
Made 1099938 10000 $ 118944348 10000
Total Loans Made All Categories 1876767 $ 165639476
Exhibit E California Finance Lenders
Loans Made or Refinanced By Size For Calendar Year 2012
California Department of Business Oversight 10
Exhibit F California Finance Lenders
Loans Made or Refinanced By Type of Security for Calendar Year 2012
of Principal of Number of Total Amount Total
Type of Security Loans Number ($ in thousands) Amount
CONSUMER LOANS
LOANS UNDER $2500
Unsecured 264351 9443 $ 219604 9052
Personal Property 3358 120 5589 230
Automobiles amp Other Motor Vehicles 1976 071 3644 150 Auto Title Loans 958 034 1813 075
Wage Assignments 0 000 0 000
Other Security 9289 332 11965 493
Total Loans Made 279932 10000 $ 242615 10000
LOANS OF $2500 TO $4999
Unsecured 146100 6224 $ 409653 5895
Personal Property 14728 627 51055 735 Automobiles amp Other Motor Vehicles 14749 628 52020 748
Auto Title Loans 54340 2315 164934 2373
Wage Assignments 0 000 0 000
Other Security 4837 206 17308 249
Total Loans Made 234754 10000 $ 694970 10000
LOANS OF $5000 TO $9999
Unsecured 19529 3852 $ 125966 3694
Personal Property 2582 509 14900 437 Automobiles amp Other Motor Vehicles 20105 3965 145448 4265
Auto Title Loans 8228 1623 52349 1535
Wage Assignments 0 000 0 000
Real Property 164 032 1739 051 Other Security 97 019 600 018
Total Loans Made 50705 10000 $ 341002 10000
LOANS OF $10000 AND MORE
Unsecured 5464 259 $ 204278 045
Personal Property 228 011 15938 003
Automobiles amp Other Motor Vehicles 56247 2660 1638002 361
Auto Title Loans 1059 050 15158 003 Wage Assignments 3 000 32 000
Real Property 147105 6957 43444564 9566
Other Security 1332 063 98569 022
Total Loans Made 211438 10000 $ 45416541 10000
Total Consumer Loans Made 776829 $ 46695128
California Department of Business Oversight 11
Exhibit F (Continued) California Finance Lenders
Loans Made or Refinanced By Type of Security for Calendar Year 2012
Number of of of Total Principal Amount Total
Type of Security Loans Number ($ in thousands) Amount
ALL CONSUMER LOANS
Unsecured 435444 5606 $ 959501 205 Personal Property 20896 269 87482 019 Automobiles amp Other Motor Vehicles 93077 1198 1839114 394 Auto Title Loans 64585 831 234254 050 Wage Assignments 3 000 32 000 Real Property 147269 1896 43446303 9304 Other Security 15555 200 128442 028
Total Consumer Loans Made 776829 10000 $ 46695128 10000
California Department of Business Oversight 12
Number of Principal of
of Total Amount Total Type of Security Loans Number ($ in thousands) Amount
COMMERCIAL LOANS
Unsecured 15394 140 $ 25761860 2166 Personal Property 16278 148 2728481 229
Automobiles amp Other Motor Vehicles 986201 8966 54948885 4620 Business Equipment 29443 267 2717855 228
Real Property 6563 060 18931354 1592 Other Security 46059 419 13855913 1165
Total Commercial Loans Made 1099938 10000 $ 118944348 10000
Total Loans Made All Categories 1876767 $ 165639476
Exhibit F (Continued) California Finance Lenders
Loans Made or Refinanced By Type of Security for Calendar Year 2012
California Department of Business Oversight 13
Exhibit G California Finance Lenders
Loans Made or Refinanced by Interest Rates Charged for Calendar Year 2012
Number of Principal of of Total Amount Total
Rates Charged Loans Number ($ in thousands) Amount
CONSUMER LOANS
LOANS UNDER $2500
Step Rate 25 2 15 1 per month 120170 4293 $ 32148 1325
Alternate Rate 16 per month 9 000 17 001 Federal Reserve Bank Rate plus 10 0 000 0 000
Other Rates Up to 14999 APR 13411 479 40260 1659 15000 to 19999 APR 13590 486 13351 550 20000 to 24999 APR 3495 125 6136 253 25000 to 29999 APR 21723 776 27805 1146 30000 to 34999 APR 16041 573 25853 1066 35000 to 39999 APR 50167 1792 65777 2711 40000 to 69999 APR 40879 1460 30441 1255 70000 to 99999 APR 237 009 445 018 100000 or More APR 112 004 206 009 Variable Rates Based on Index 98 004 176 007
Total Loans Made 279932 10000 $ 242615 10000
LOANS OF $2500 TO $4999
Up to 14999 APR 4580 195 $ 14951 215 15000 to 19999 APR 3061 130 10907 157 20000 to 24999 APR 2608 111 8068 116 25000 to 29999 APR 11161 475 38361 552 30000 to 34999 APR 25176 1073 78751 1133 35000 to 39999 APR 27415 1168 85740 1234 40000 to 69999 APR 4994 213 15800 227 70000 to 99999 APR 34627 1475 105584 1519 100000 or More APR 120800 5146 335992 4835 Variable Rates Based on Index 332 014 816 012
Total Loans Made 234754 10000 $ 694970 10000
California Department of Business Oversight 14
Exhibit G (Continued) California Finance Lenders
Loans Made or Refinanced by Interest Rates Charged for Calendar Year 2012
Rates Charged
Number of
Loans
of Total
Number
Principal Amount
($ in thousands)
of Total
Amount
LOANS OF $5000 TO $9999
Up to 14999 APR 15000 to 19999 APR 20000 to 24999 APR 25000 to 29999 APR 30000 to 34999 APR 35000 to 39999 APR 40000 to 69999 APR 70000 to 99999 APR 100000 or More APR Variable Rates Based on Index
Total Loans Made
3172 1387 4177 7253 6062
14720 1761 5560 6577
36
50705
626 273 824
1430 1196 2903
347 1097 1297
007
10000
$
$
24462 10945 31240 49946 38211
104065 11954 35447 34452
280
341002
717 321 916
1465 1121 3052 351
1039 1010 008
10000
LOANS OF $10000 AND MORE
Up to 14999 APR 15000 to 19999 APR 20000 to 24999 APR 25000 to 29999 APR 30000 to 34999 APR 35000 to 39999 APR 40000 to 69999 APR 70000 to 99999 APR 100000 or More APR Variable Rates Based on Index
Total Loans Made
189886 5892 6049 1211
584 1166
314 3171 1071 2094
211438
8981 279 286 057 027 055 015 150 051 099
10000
$
$
44367974 101447 85241 15269
109737 14742 5110
33858 17234
665929
45416541
9769 022 019 003 024 003 001 008 004 147
10000
Total Consumer Loans Made 776829 $ 46695128
California Department of Business Oversight 15
Exhibit G (Continued) California Finance Lenders
Loans Made or Refinanced by Interest Rates Charged for Calendar Year 2012
Number of of of Total Principal Amount Total
Rates Charged Loans Number ($ in thousands) Amount
COMMERCIAL LOANS
Up to 14999 APR 82830 753 $ 49220152 4138 15000 to 19999 APR 9297 085 749890 063 20000 to 24999 APR 1193 011 140417 012 25000 to 29999 APR 884 008 86598 007 30000 to 34999 APR 528 005 37258 003 35000 to 39999 APR 1376 012 69235 006 40000 to 69999 APR 2805 025 87037 007 70000 to 99999 APR 350 003 13399 001 100000 or More APR 1304 012 128297 011 Variable Rates Based on Index 999371 9086 68412065 5752
Total Commercial Loans Made 1099938 10000 $ 118944348 10000
Total Loans Made All Categories 1876767 $ 165639476
California Department of Business Oversight 16
California Department of Business Oversight Toll-Free 1-866-275-2677
TTY 1-800-735-2922 Online wwwdbocagov
To request additional copies of this report please call our toll-free number or e-mail formsdbocagov
Materials presented in this report are a collective effort of the staff of the California Department of Business Oversight
California Department of Business Oversight 17
Los Angeles California December 2013
This annual report of licensees under the California Finance Lenderrsquos Law (ldquoReportrdquo) is a composite of annual reports submitted by lender and broker licensees for the calendar year ended December 31 2012 The licenseesrsquo annual reports were submitted in accordance with Section 22159(a) and 22160 of the California Finance Lenders Law which state
22159 (a) Each finance lender and broker licensee shall file an annual report with the commissioner on or before the 15th day of March giving the relevant information that the commissioner reasonably requires concerning the business and operations conducted by the licensee within the state during the preceding calendar year for each licensed place of business The individual annual reports filed pursuant to this section shall be made available to the public for inspection except upon request in the annual report to the commissioner the balance sheet contained in the annual report of a sole proprietor or any other nonpublicly traded persons Nonpublicly traded person for purposes of this section means persons with securities owned by 35 or fewer individuals The report shall be made under oath and in the form prescribed by the commissioner
22160 The commissioner shall make and file annually with the Department of Business Oversight as a public record a composite of the annual reports and any comments on the reports that he or she deems to be in the public interest
This Report is based on unaudited data presented by licensees and submitted in a format prescribed by the Department of Business Oversight While the format of the financial information presented in the Report follows that of conventional financial statements the reader should be aware that the data contained herein is primarily statistical in nature
Statistical data compilations required of licensees have been modified to provide more meaningful statistics Comparison of such data with prior years will be left to the reader
This report and prior yearsrsquo reports can be found on the Departmentrsquos website at wwwdbocagov
California Department of Business Oversight 1
Highlights
Effective July 1 2013 the Department of Corporations and the Department of Financial Institutions merged to form the Department of Business Oversight All powers duties and functions of the Commissioner of Corporations and the Department of Corporations are transferred to the Commissioner of Business Oversight and the Department of Business Oversight respectively
The number of unsecured consumer loans valued between $2500 to $4999 increased by 53 percent from 2011 to 2012 and the principal amount borrowed increased by 54 percent over the same period
The total number of auto title secured loans increased by 69 percent from 2011 to 2012 and the principal amount increased by 75 percent over the same period
The number of consumer loans secured by real property increased by 124 percent from 2011 to 2012 and the principal amount increased by 121 percent to $434 billion over the same period
Historical Data The table below shows the number of licensed California Finance Lenders (including branches) at the end of each calendar year and the number of license applications received each year for the last 10 years
Year Number of Number of Licensees Applications
2012 4385 889
2011 4302 910 2010 4327 1022
2009 4964 1097
2008 5618 1188 2007 7358 2065 2006 7577 2358
2005 6725 2480 2004 5342 1618
2003 4608 1258
California Department of Business Oversight 2
0
500
1000
1500
2000
2500
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Nu
mb
er
of
Ap
plic
atio
ns
Year
Number of Applications Received
California Department of Business Oversight 3
0
1000
2000
3000
4000
5000
6000
7000
8000
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Nu
mb
er
of
Lice
nse
es
Year
Number of Licensees for the Last 10 Years
Analysis of Loans Made Under the CFLL License for the Last 10 Years
CALIFORNIA FINANCE LENDERS
Calendar Year
Number of Loans
Made
Principal Amount of
Loans Made
Average Size of Loans Made in
Consumer Loans
Commercial Loans
All Loans
2012 1876767 $165639476215 $60110 $108137 $88258
2011 3076347 139166897599 36097 47604 45238
2010 2560497 114778811783 44920 44805 44827
2009 2207881 89287544941 42814 39932 40440
2008 2249716 110013356592 30138 54460 48901
2007 2893697 202350867103 52331 76851 69928
2006 3940311 315492843743 106657 63574 80068
2005 3653036 285178701531 88605 70803 78066
2004 4167772 246616649910 50861 68536 59172
2003 5140316 278153215784 28264 96559 54112
California Department of Business Oversight 4
350000000000
300000000000
250000000000
200000000000
150000000000
100000000000
50000000000
0
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Am
ou
nt
of
Loan
s
Year
Comparison of the Principal Dollar Amount of Loans Made
0
20000
40000
60000
80000
100000
120000
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Am
ou
nt
of
Loan
Year
Comparison of Average Size of Loans Made
Consumer Loans Commercial Loans All Loans
California Department of Business Oversight 5
of Total ASSETS Assets
Cash $ 77950824 302
Investments 522594833 2024 California Finance Lenders Loan Receivables 71336690 276
Other Receivables 1045939989 4051 Reserves and Withholds by Banks and Finance
Companies 1396957 006 Real and Personal Property (Net) 108946625 422
Prepaid Expenses and Deferred Charges 7253555 028 Commissions Receivables 93264 000
Other Assets 746331589 2891
Total Assets $ 2581844326 10000
of Total
Liabilities and
LIABILITIES AND NET WORTH Net Worth
Loans and Notes Payable from Third Parties $ 487478509 1888 Loans and Notes Payable from Parent Companies
Affiliates etc 414038338 1604 Bonds Debentures and Certificates of Indebtedness 317363084 1229
Accounts Payable 57282285 222 Dealers Reserves and Withholds 437763 002
Accrued Taxes Other Than Income Tax 1789675 007 Reserve for Income Taxes 42665007 165
Credit Insurance Premiums Due Insurer 24453 000 Other Liabilities and Accruals 874458449 3387
Total Liabilities 2195537563 8504
Net Worth 386306763 1496
Total Liabilities and Net Worth $ 2581844326 10000
Exhibit A California Finance Lenders
Consolidated Balance Sheet As of December 31 2012
($ in thousands)
California Department of Business Oversight 6
Aggregate of
Balance Subtotal
CALIFORNIA FINANCE LENDERS LOAN RECEIVABLES
Consumer Loans $ 17161835 2318
Commercial Loans 56885482 7682
Subtotal $ 74047317 10000
Less Unearned Pre-computed Charges 1200677
Allowance for Bad Debts 1509950
Net California Finance Lenders Loan Receivables $ 71336690
OTHER RECEIVABLES
Sales Contracts $ 246200263 2301 Leases (True Leases) 98103520 917
Factoring 7642790 071 Other 718109706 6711
Subtotal $ 1070056279 10000
Less Unearned Pre-computed Charges and Discounts 12718234
Allowance for Bad Debts 11398056
Net Other Receivables $ 1045939989
Exhibit B California Finance Lenders
Analysis of Loans and Receivables Outstanding As of December 31 2012
($ in thousands)
232 Consumer
Loans
768 Commercial
Loans
Composition of CFL Loan Receivables
California Department of Business Oversight 7
Exhibit C California Finance Lenders
Statement of Income and Expenses For Calendar Year 2012
($ in thousands) of Total
Income
INCOME
Gross Income from California Finance Lenders Loans and California Finance Lenders Brokered Loans $ 7514953 172
Gross Income from All Other Business and Sources 429477277 9828
Total Gross Income $ 436992230 10000
EXPENSES
Loss on Loans Receivable $ 1789556 041 Professional Audit and Accounting Services 789891 018 Insurance and Bond Premiums 1158053 027 Legal Services and Expenses 1898380 043 Occupancy Expenses 3019437 069 Provision for Bad Debt Allowance 4917512 113 Salaries and Bonuses Employees 36042047 825 Salaries and Bonuses Owners Partners Executives 901556 021 Depreciation 24040431 550 License Fees and Taxes 921542 021 Telephone and Utilities 1287242 029 Advertising and Promotions 1360314 031 Other Expenses 296374652 6782
Total Expenses before Interest and Income Taxes $ 374500613 8570
Income before Interest and Income Taxes $ 62491617 1430
Less Interest Paid to Bona Fide Third Parties 25085287 574 Interest Paid to Parent Company Affiliates and Others 8709158 199
Income before Income Taxes $ 28697172 657
Less Provision for Income Taxes 3742416 086
Net Income or (Loss) $ 24954756 571
California Department of Business Oversight 8
Exhibit D California Finance Lenders
Analysis of Income Received For Calendar Year 2012
($ in thousands)
CFL LOANS AND CFL-BROKERED LOANS
Loans Under $2500
Loans $2500 and
Over Total
CONSUMER LOANS
Charges Earned on Loans Collection from Charged Off Accounts Income from Credit Insurance Other Insurance Commissions Administrative Fees Commissions from Loan Brokering Other Income
$ 40084 1094
1 0
4808 1328
97
$ 2592097 71686 1058 5157
98157 44696
313478
$ 2632181 72780 1059 5157
102965 46024
313575
Income from Consumer Loans $ 47412 $ 3126329 $ 3173741
COMMERCIAL LOANS
Charges Earned on Loans Collection from Charged Off Accounts Income from Credit Insurance Other Insurance Commissions Commissions from Loan Brokering Other Income
$ 3889307 10694
0 100
20159 420952
Income from Commercial Loans $ 4341212
Total Income from All Loans $ 7514953
ALL OTHER BUSINESS AND SOURCES
Charges Earned on Loans Other Interest or Return on Investments Collection from Charged Off Accounts Income from Credit Insurance Other Insurance Commissions Other Income Relating to Loans
$ 74190252 15778106 1078789
10182 209577
338210371
Total Income from All Other Business and Sources $ 429477277
California Department of Business Oversight 9
Number of Principal of Total Amount of Total Size of Loan Loans Number ($ in thousands) Amount
CONSUMER LOANS
$ 499 or less 112819 1452 $ 43238 009 500 to 1999 153599 1977 169483 036 2000 to 2499 13514 174 29894 006 2500 to 4999 234754 3022 694970 149 5000 to 9999 50705 653 341002 073 10000 or more 211438 2722 45416541 9727
Total Consumer Loans
Made 776829 10000 $ 46695128 10000
COMMERCIAL LOANS
$5000 or more 1099938 10000 $ 118944348 10000
Total Commercial Loans
Made 1099938 10000 $ 118944348 10000
Total Loans Made All Categories 1876767 $ 165639476
Exhibit E California Finance Lenders
Loans Made or Refinanced By Size For Calendar Year 2012
California Department of Business Oversight 10
Exhibit F California Finance Lenders
Loans Made or Refinanced By Type of Security for Calendar Year 2012
of Principal of Number of Total Amount Total
Type of Security Loans Number ($ in thousands) Amount
CONSUMER LOANS
LOANS UNDER $2500
Unsecured 264351 9443 $ 219604 9052
Personal Property 3358 120 5589 230
Automobiles amp Other Motor Vehicles 1976 071 3644 150 Auto Title Loans 958 034 1813 075
Wage Assignments 0 000 0 000
Other Security 9289 332 11965 493
Total Loans Made 279932 10000 $ 242615 10000
LOANS OF $2500 TO $4999
Unsecured 146100 6224 $ 409653 5895
Personal Property 14728 627 51055 735 Automobiles amp Other Motor Vehicles 14749 628 52020 748
Auto Title Loans 54340 2315 164934 2373
Wage Assignments 0 000 0 000
Other Security 4837 206 17308 249
Total Loans Made 234754 10000 $ 694970 10000
LOANS OF $5000 TO $9999
Unsecured 19529 3852 $ 125966 3694
Personal Property 2582 509 14900 437 Automobiles amp Other Motor Vehicles 20105 3965 145448 4265
Auto Title Loans 8228 1623 52349 1535
Wage Assignments 0 000 0 000
Real Property 164 032 1739 051 Other Security 97 019 600 018
Total Loans Made 50705 10000 $ 341002 10000
LOANS OF $10000 AND MORE
Unsecured 5464 259 $ 204278 045
Personal Property 228 011 15938 003
Automobiles amp Other Motor Vehicles 56247 2660 1638002 361
Auto Title Loans 1059 050 15158 003 Wage Assignments 3 000 32 000
Real Property 147105 6957 43444564 9566
Other Security 1332 063 98569 022
Total Loans Made 211438 10000 $ 45416541 10000
Total Consumer Loans Made 776829 $ 46695128
California Department of Business Oversight 11
Exhibit F (Continued) California Finance Lenders
Loans Made or Refinanced By Type of Security for Calendar Year 2012
Number of of of Total Principal Amount Total
Type of Security Loans Number ($ in thousands) Amount
ALL CONSUMER LOANS
Unsecured 435444 5606 $ 959501 205 Personal Property 20896 269 87482 019 Automobiles amp Other Motor Vehicles 93077 1198 1839114 394 Auto Title Loans 64585 831 234254 050 Wage Assignments 3 000 32 000 Real Property 147269 1896 43446303 9304 Other Security 15555 200 128442 028
Total Consumer Loans Made 776829 10000 $ 46695128 10000
California Department of Business Oversight 12
Number of Principal of
of Total Amount Total Type of Security Loans Number ($ in thousands) Amount
COMMERCIAL LOANS
Unsecured 15394 140 $ 25761860 2166 Personal Property 16278 148 2728481 229
Automobiles amp Other Motor Vehicles 986201 8966 54948885 4620 Business Equipment 29443 267 2717855 228
Real Property 6563 060 18931354 1592 Other Security 46059 419 13855913 1165
Total Commercial Loans Made 1099938 10000 $ 118944348 10000
Total Loans Made All Categories 1876767 $ 165639476
Exhibit F (Continued) California Finance Lenders
Loans Made or Refinanced By Type of Security for Calendar Year 2012
California Department of Business Oversight 13
Exhibit G California Finance Lenders
Loans Made or Refinanced by Interest Rates Charged for Calendar Year 2012
Number of Principal of of Total Amount Total
Rates Charged Loans Number ($ in thousands) Amount
CONSUMER LOANS
LOANS UNDER $2500
Step Rate 25 2 15 1 per month 120170 4293 $ 32148 1325
Alternate Rate 16 per month 9 000 17 001 Federal Reserve Bank Rate plus 10 0 000 0 000
Other Rates Up to 14999 APR 13411 479 40260 1659 15000 to 19999 APR 13590 486 13351 550 20000 to 24999 APR 3495 125 6136 253 25000 to 29999 APR 21723 776 27805 1146 30000 to 34999 APR 16041 573 25853 1066 35000 to 39999 APR 50167 1792 65777 2711 40000 to 69999 APR 40879 1460 30441 1255 70000 to 99999 APR 237 009 445 018 100000 or More APR 112 004 206 009 Variable Rates Based on Index 98 004 176 007
Total Loans Made 279932 10000 $ 242615 10000
LOANS OF $2500 TO $4999
Up to 14999 APR 4580 195 $ 14951 215 15000 to 19999 APR 3061 130 10907 157 20000 to 24999 APR 2608 111 8068 116 25000 to 29999 APR 11161 475 38361 552 30000 to 34999 APR 25176 1073 78751 1133 35000 to 39999 APR 27415 1168 85740 1234 40000 to 69999 APR 4994 213 15800 227 70000 to 99999 APR 34627 1475 105584 1519 100000 or More APR 120800 5146 335992 4835 Variable Rates Based on Index 332 014 816 012
Total Loans Made 234754 10000 $ 694970 10000
California Department of Business Oversight 14
Exhibit G (Continued) California Finance Lenders
Loans Made or Refinanced by Interest Rates Charged for Calendar Year 2012
Rates Charged
Number of
Loans
of Total
Number
Principal Amount
($ in thousands)
of Total
Amount
LOANS OF $5000 TO $9999
Up to 14999 APR 15000 to 19999 APR 20000 to 24999 APR 25000 to 29999 APR 30000 to 34999 APR 35000 to 39999 APR 40000 to 69999 APR 70000 to 99999 APR 100000 or More APR Variable Rates Based on Index
Total Loans Made
3172 1387 4177 7253 6062
14720 1761 5560 6577
36
50705
626 273 824
1430 1196 2903
347 1097 1297
007
10000
$
$
24462 10945 31240 49946 38211
104065 11954 35447 34452
280
341002
717 321 916
1465 1121 3052 351
1039 1010 008
10000
LOANS OF $10000 AND MORE
Up to 14999 APR 15000 to 19999 APR 20000 to 24999 APR 25000 to 29999 APR 30000 to 34999 APR 35000 to 39999 APR 40000 to 69999 APR 70000 to 99999 APR 100000 or More APR Variable Rates Based on Index
Total Loans Made
189886 5892 6049 1211
584 1166
314 3171 1071 2094
211438
8981 279 286 057 027 055 015 150 051 099
10000
$
$
44367974 101447 85241 15269
109737 14742 5110
33858 17234
665929
45416541
9769 022 019 003 024 003 001 008 004 147
10000
Total Consumer Loans Made 776829 $ 46695128
California Department of Business Oversight 15
Exhibit G (Continued) California Finance Lenders
Loans Made or Refinanced by Interest Rates Charged for Calendar Year 2012
Number of of of Total Principal Amount Total
Rates Charged Loans Number ($ in thousands) Amount
COMMERCIAL LOANS
Up to 14999 APR 82830 753 $ 49220152 4138 15000 to 19999 APR 9297 085 749890 063 20000 to 24999 APR 1193 011 140417 012 25000 to 29999 APR 884 008 86598 007 30000 to 34999 APR 528 005 37258 003 35000 to 39999 APR 1376 012 69235 006 40000 to 69999 APR 2805 025 87037 007 70000 to 99999 APR 350 003 13399 001 100000 or More APR 1304 012 128297 011 Variable Rates Based on Index 999371 9086 68412065 5752
Total Commercial Loans Made 1099938 10000 $ 118944348 10000
Total Loans Made All Categories 1876767 $ 165639476
California Department of Business Oversight 16
California Department of Business Oversight Toll-Free 1-866-275-2677
TTY 1-800-735-2922 Online wwwdbocagov
To request additional copies of this report please call our toll-free number or e-mail formsdbocagov
Materials presented in this report are a collective effort of the staff of the California Department of Business Oversight
California Department of Business Oversight 17
Highlights
Effective July 1 2013 the Department of Corporations and the Department of Financial Institutions merged to form the Department of Business Oversight All powers duties and functions of the Commissioner of Corporations and the Department of Corporations are transferred to the Commissioner of Business Oversight and the Department of Business Oversight respectively
The number of unsecured consumer loans valued between $2500 to $4999 increased by 53 percent from 2011 to 2012 and the principal amount borrowed increased by 54 percent over the same period
The total number of auto title secured loans increased by 69 percent from 2011 to 2012 and the principal amount increased by 75 percent over the same period
The number of consumer loans secured by real property increased by 124 percent from 2011 to 2012 and the principal amount increased by 121 percent to $434 billion over the same period
Historical Data The table below shows the number of licensed California Finance Lenders (including branches) at the end of each calendar year and the number of license applications received each year for the last 10 years
Year Number of Number of Licensees Applications
2012 4385 889
2011 4302 910 2010 4327 1022
2009 4964 1097
2008 5618 1188 2007 7358 2065 2006 7577 2358
2005 6725 2480 2004 5342 1618
2003 4608 1258
California Department of Business Oversight 2
0
500
1000
1500
2000
2500
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Nu
mb
er
of
Ap
plic
atio
ns
Year
Number of Applications Received
California Department of Business Oversight 3
0
1000
2000
3000
4000
5000
6000
7000
8000
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Nu
mb
er
of
Lice
nse
es
Year
Number of Licensees for the Last 10 Years
Analysis of Loans Made Under the CFLL License for the Last 10 Years
CALIFORNIA FINANCE LENDERS
Calendar Year
Number of Loans
Made
Principal Amount of
Loans Made
Average Size of Loans Made in
Consumer Loans
Commercial Loans
All Loans
2012 1876767 $165639476215 $60110 $108137 $88258
2011 3076347 139166897599 36097 47604 45238
2010 2560497 114778811783 44920 44805 44827
2009 2207881 89287544941 42814 39932 40440
2008 2249716 110013356592 30138 54460 48901
2007 2893697 202350867103 52331 76851 69928
2006 3940311 315492843743 106657 63574 80068
2005 3653036 285178701531 88605 70803 78066
2004 4167772 246616649910 50861 68536 59172
2003 5140316 278153215784 28264 96559 54112
California Department of Business Oversight 4
350000000000
300000000000
250000000000
200000000000
150000000000
100000000000
50000000000
0
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Am
ou
nt
of
Loan
s
Year
Comparison of the Principal Dollar Amount of Loans Made
0
20000
40000
60000
80000
100000
120000
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Am
ou
nt
of
Loan
Year
Comparison of Average Size of Loans Made
Consumer Loans Commercial Loans All Loans
California Department of Business Oversight 5
of Total ASSETS Assets
Cash $ 77950824 302
Investments 522594833 2024 California Finance Lenders Loan Receivables 71336690 276
Other Receivables 1045939989 4051 Reserves and Withholds by Banks and Finance
Companies 1396957 006 Real and Personal Property (Net) 108946625 422
Prepaid Expenses and Deferred Charges 7253555 028 Commissions Receivables 93264 000
Other Assets 746331589 2891
Total Assets $ 2581844326 10000
of Total
Liabilities and
LIABILITIES AND NET WORTH Net Worth
Loans and Notes Payable from Third Parties $ 487478509 1888 Loans and Notes Payable from Parent Companies
Affiliates etc 414038338 1604 Bonds Debentures and Certificates of Indebtedness 317363084 1229
Accounts Payable 57282285 222 Dealers Reserves and Withholds 437763 002
Accrued Taxes Other Than Income Tax 1789675 007 Reserve for Income Taxes 42665007 165
Credit Insurance Premiums Due Insurer 24453 000 Other Liabilities and Accruals 874458449 3387
Total Liabilities 2195537563 8504
Net Worth 386306763 1496
Total Liabilities and Net Worth $ 2581844326 10000
Exhibit A California Finance Lenders
Consolidated Balance Sheet As of December 31 2012
($ in thousands)
California Department of Business Oversight 6
Aggregate of
Balance Subtotal
CALIFORNIA FINANCE LENDERS LOAN RECEIVABLES
Consumer Loans $ 17161835 2318
Commercial Loans 56885482 7682
Subtotal $ 74047317 10000
Less Unearned Pre-computed Charges 1200677
Allowance for Bad Debts 1509950
Net California Finance Lenders Loan Receivables $ 71336690
OTHER RECEIVABLES
Sales Contracts $ 246200263 2301 Leases (True Leases) 98103520 917
Factoring 7642790 071 Other 718109706 6711
Subtotal $ 1070056279 10000
Less Unearned Pre-computed Charges and Discounts 12718234
Allowance for Bad Debts 11398056
Net Other Receivables $ 1045939989
Exhibit B California Finance Lenders
Analysis of Loans and Receivables Outstanding As of December 31 2012
($ in thousands)
232 Consumer
Loans
768 Commercial
Loans
Composition of CFL Loan Receivables
California Department of Business Oversight 7
Exhibit C California Finance Lenders
Statement of Income and Expenses For Calendar Year 2012
($ in thousands) of Total
Income
INCOME
Gross Income from California Finance Lenders Loans and California Finance Lenders Brokered Loans $ 7514953 172
Gross Income from All Other Business and Sources 429477277 9828
Total Gross Income $ 436992230 10000
EXPENSES
Loss on Loans Receivable $ 1789556 041 Professional Audit and Accounting Services 789891 018 Insurance and Bond Premiums 1158053 027 Legal Services and Expenses 1898380 043 Occupancy Expenses 3019437 069 Provision for Bad Debt Allowance 4917512 113 Salaries and Bonuses Employees 36042047 825 Salaries and Bonuses Owners Partners Executives 901556 021 Depreciation 24040431 550 License Fees and Taxes 921542 021 Telephone and Utilities 1287242 029 Advertising and Promotions 1360314 031 Other Expenses 296374652 6782
Total Expenses before Interest and Income Taxes $ 374500613 8570
Income before Interest and Income Taxes $ 62491617 1430
Less Interest Paid to Bona Fide Third Parties 25085287 574 Interest Paid to Parent Company Affiliates and Others 8709158 199
Income before Income Taxes $ 28697172 657
Less Provision for Income Taxes 3742416 086
Net Income or (Loss) $ 24954756 571
California Department of Business Oversight 8
Exhibit D California Finance Lenders
Analysis of Income Received For Calendar Year 2012
($ in thousands)
CFL LOANS AND CFL-BROKERED LOANS
Loans Under $2500
Loans $2500 and
Over Total
CONSUMER LOANS
Charges Earned on Loans Collection from Charged Off Accounts Income from Credit Insurance Other Insurance Commissions Administrative Fees Commissions from Loan Brokering Other Income
$ 40084 1094
1 0
4808 1328
97
$ 2592097 71686 1058 5157
98157 44696
313478
$ 2632181 72780 1059 5157
102965 46024
313575
Income from Consumer Loans $ 47412 $ 3126329 $ 3173741
COMMERCIAL LOANS
Charges Earned on Loans Collection from Charged Off Accounts Income from Credit Insurance Other Insurance Commissions Commissions from Loan Brokering Other Income
$ 3889307 10694
0 100
20159 420952
Income from Commercial Loans $ 4341212
Total Income from All Loans $ 7514953
ALL OTHER BUSINESS AND SOURCES
Charges Earned on Loans Other Interest or Return on Investments Collection from Charged Off Accounts Income from Credit Insurance Other Insurance Commissions Other Income Relating to Loans
$ 74190252 15778106 1078789
10182 209577
338210371
Total Income from All Other Business and Sources $ 429477277
California Department of Business Oversight 9
Number of Principal of Total Amount of Total Size of Loan Loans Number ($ in thousands) Amount
CONSUMER LOANS
$ 499 or less 112819 1452 $ 43238 009 500 to 1999 153599 1977 169483 036 2000 to 2499 13514 174 29894 006 2500 to 4999 234754 3022 694970 149 5000 to 9999 50705 653 341002 073 10000 or more 211438 2722 45416541 9727
Total Consumer Loans
Made 776829 10000 $ 46695128 10000
COMMERCIAL LOANS
$5000 or more 1099938 10000 $ 118944348 10000
Total Commercial Loans
Made 1099938 10000 $ 118944348 10000
Total Loans Made All Categories 1876767 $ 165639476
Exhibit E California Finance Lenders
Loans Made or Refinanced By Size For Calendar Year 2012
California Department of Business Oversight 10
Exhibit F California Finance Lenders
Loans Made or Refinanced By Type of Security for Calendar Year 2012
of Principal of Number of Total Amount Total
Type of Security Loans Number ($ in thousands) Amount
CONSUMER LOANS
LOANS UNDER $2500
Unsecured 264351 9443 $ 219604 9052
Personal Property 3358 120 5589 230
Automobiles amp Other Motor Vehicles 1976 071 3644 150 Auto Title Loans 958 034 1813 075
Wage Assignments 0 000 0 000
Other Security 9289 332 11965 493
Total Loans Made 279932 10000 $ 242615 10000
LOANS OF $2500 TO $4999
Unsecured 146100 6224 $ 409653 5895
Personal Property 14728 627 51055 735 Automobiles amp Other Motor Vehicles 14749 628 52020 748
Auto Title Loans 54340 2315 164934 2373
Wage Assignments 0 000 0 000
Other Security 4837 206 17308 249
Total Loans Made 234754 10000 $ 694970 10000
LOANS OF $5000 TO $9999
Unsecured 19529 3852 $ 125966 3694
Personal Property 2582 509 14900 437 Automobiles amp Other Motor Vehicles 20105 3965 145448 4265
Auto Title Loans 8228 1623 52349 1535
Wage Assignments 0 000 0 000
Real Property 164 032 1739 051 Other Security 97 019 600 018
Total Loans Made 50705 10000 $ 341002 10000
LOANS OF $10000 AND MORE
Unsecured 5464 259 $ 204278 045
Personal Property 228 011 15938 003
Automobiles amp Other Motor Vehicles 56247 2660 1638002 361
Auto Title Loans 1059 050 15158 003 Wage Assignments 3 000 32 000
Real Property 147105 6957 43444564 9566
Other Security 1332 063 98569 022
Total Loans Made 211438 10000 $ 45416541 10000
Total Consumer Loans Made 776829 $ 46695128
California Department of Business Oversight 11
Exhibit F (Continued) California Finance Lenders
Loans Made or Refinanced By Type of Security for Calendar Year 2012
Number of of of Total Principal Amount Total
Type of Security Loans Number ($ in thousands) Amount
ALL CONSUMER LOANS
Unsecured 435444 5606 $ 959501 205 Personal Property 20896 269 87482 019 Automobiles amp Other Motor Vehicles 93077 1198 1839114 394 Auto Title Loans 64585 831 234254 050 Wage Assignments 3 000 32 000 Real Property 147269 1896 43446303 9304 Other Security 15555 200 128442 028
Total Consumer Loans Made 776829 10000 $ 46695128 10000
California Department of Business Oversight 12
Number of Principal of
of Total Amount Total Type of Security Loans Number ($ in thousands) Amount
COMMERCIAL LOANS
Unsecured 15394 140 $ 25761860 2166 Personal Property 16278 148 2728481 229
Automobiles amp Other Motor Vehicles 986201 8966 54948885 4620 Business Equipment 29443 267 2717855 228
Real Property 6563 060 18931354 1592 Other Security 46059 419 13855913 1165
Total Commercial Loans Made 1099938 10000 $ 118944348 10000
Total Loans Made All Categories 1876767 $ 165639476
Exhibit F (Continued) California Finance Lenders
Loans Made or Refinanced By Type of Security for Calendar Year 2012
California Department of Business Oversight 13
Exhibit G California Finance Lenders
Loans Made or Refinanced by Interest Rates Charged for Calendar Year 2012
Number of Principal of of Total Amount Total
Rates Charged Loans Number ($ in thousands) Amount
CONSUMER LOANS
LOANS UNDER $2500
Step Rate 25 2 15 1 per month 120170 4293 $ 32148 1325
Alternate Rate 16 per month 9 000 17 001 Federal Reserve Bank Rate plus 10 0 000 0 000
Other Rates Up to 14999 APR 13411 479 40260 1659 15000 to 19999 APR 13590 486 13351 550 20000 to 24999 APR 3495 125 6136 253 25000 to 29999 APR 21723 776 27805 1146 30000 to 34999 APR 16041 573 25853 1066 35000 to 39999 APR 50167 1792 65777 2711 40000 to 69999 APR 40879 1460 30441 1255 70000 to 99999 APR 237 009 445 018 100000 or More APR 112 004 206 009 Variable Rates Based on Index 98 004 176 007
Total Loans Made 279932 10000 $ 242615 10000
LOANS OF $2500 TO $4999
Up to 14999 APR 4580 195 $ 14951 215 15000 to 19999 APR 3061 130 10907 157 20000 to 24999 APR 2608 111 8068 116 25000 to 29999 APR 11161 475 38361 552 30000 to 34999 APR 25176 1073 78751 1133 35000 to 39999 APR 27415 1168 85740 1234 40000 to 69999 APR 4994 213 15800 227 70000 to 99999 APR 34627 1475 105584 1519 100000 or More APR 120800 5146 335992 4835 Variable Rates Based on Index 332 014 816 012
Total Loans Made 234754 10000 $ 694970 10000
California Department of Business Oversight 14
Exhibit G (Continued) California Finance Lenders
Loans Made or Refinanced by Interest Rates Charged for Calendar Year 2012
Rates Charged
Number of
Loans
of Total
Number
Principal Amount
($ in thousands)
of Total
Amount
LOANS OF $5000 TO $9999
Up to 14999 APR 15000 to 19999 APR 20000 to 24999 APR 25000 to 29999 APR 30000 to 34999 APR 35000 to 39999 APR 40000 to 69999 APR 70000 to 99999 APR 100000 or More APR Variable Rates Based on Index
Total Loans Made
3172 1387 4177 7253 6062
14720 1761 5560 6577
36
50705
626 273 824
1430 1196 2903
347 1097 1297
007
10000
$
$
24462 10945 31240 49946 38211
104065 11954 35447 34452
280
341002
717 321 916
1465 1121 3052 351
1039 1010 008
10000
LOANS OF $10000 AND MORE
Up to 14999 APR 15000 to 19999 APR 20000 to 24999 APR 25000 to 29999 APR 30000 to 34999 APR 35000 to 39999 APR 40000 to 69999 APR 70000 to 99999 APR 100000 or More APR Variable Rates Based on Index
Total Loans Made
189886 5892 6049 1211
584 1166
314 3171 1071 2094
211438
8981 279 286 057 027 055 015 150 051 099
10000
$
$
44367974 101447 85241 15269
109737 14742 5110
33858 17234
665929
45416541
9769 022 019 003 024 003 001 008 004 147
10000
Total Consumer Loans Made 776829 $ 46695128
California Department of Business Oversight 15
Exhibit G (Continued) California Finance Lenders
Loans Made or Refinanced by Interest Rates Charged for Calendar Year 2012
Number of of of Total Principal Amount Total
Rates Charged Loans Number ($ in thousands) Amount
COMMERCIAL LOANS
Up to 14999 APR 82830 753 $ 49220152 4138 15000 to 19999 APR 9297 085 749890 063 20000 to 24999 APR 1193 011 140417 012 25000 to 29999 APR 884 008 86598 007 30000 to 34999 APR 528 005 37258 003 35000 to 39999 APR 1376 012 69235 006 40000 to 69999 APR 2805 025 87037 007 70000 to 99999 APR 350 003 13399 001 100000 or More APR 1304 012 128297 011 Variable Rates Based on Index 999371 9086 68412065 5752
Total Commercial Loans Made 1099938 10000 $ 118944348 10000
Total Loans Made All Categories 1876767 $ 165639476
California Department of Business Oversight 16
California Department of Business Oversight Toll-Free 1-866-275-2677
TTY 1-800-735-2922 Online wwwdbocagov
To request additional copies of this report please call our toll-free number or e-mail formsdbocagov
Materials presented in this report are a collective effort of the staff of the California Department of Business Oversight
California Department of Business Oversight 17
0
500
1000
1500
2000
2500
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Nu
mb
er
of
Ap
plic
atio
ns
Year
Number of Applications Received
California Department of Business Oversight 3
0
1000
2000
3000
4000
5000
6000
7000
8000
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Nu
mb
er
of
Lice
nse
es
Year
Number of Licensees for the Last 10 Years
Analysis of Loans Made Under the CFLL License for the Last 10 Years
CALIFORNIA FINANCE LENDERS
Calendar Year
Number of Loans
Made
Principal Amount of
Loans Made
Average Size of Loans Made in
Consumer Loans
Commercial Loans
All Loans
2012 1876767 $165639476215 $60110 $108137 $88258
2011 3076347 139166897599 36097 47604 45238
2010 2560497 114778811783 44920 44805 44827
2009 2207881 89287544941 42814 39932 40440
2008 2249716 110013356592 30138 54460 48901
2007 2893697 202350867103 52331 76851 69928
2006 3940311 315492843743 106657 63574 80068
2005 3653036 285178701531 88605 70803 78066
2004 4167772 246616649910 50861 68536 59172
2003 5140316 278153215784 28264 96559 54112
California Department of Business Oversight 4
350000000000
300000000000
250000000000
200000000000
150000000000
100000000000
50000000000
0
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Am
ou
nt
of
Loan
s
Year
Comparison of the Principal Dollar Amount of Loans Made
0
20000
40000
60000
80000
100000
120000
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Am
ou
nt
of
Loan
Year
Comparison of Average Size of Loans Made
Consumer Loans Commercial Loans All Loans
California Department of Business Oversight 5
of Total ASSETS Assets
Cash $ 77950824 302
Investments 522594833 2024 California Finance Lenders Loan Receivables 71336690 276
Other Receivables 1045939989 4051 Reserves and Withholds by Banks and Finance
Companies 1396957 006 Real and Personal Property (Net) 108946625 422
Prepaid Expenses and Deferred Charges 7253555 028 Commissions Receivables 93264 000
Other Assets 746331589 2891
Total Assets $ 2581844326 10000
of Total
Liabilities and
LIABILITIES AND NET WORTH Net Worth
Loans and Notes Payable from Third Parties $ 487478509 1888 Loans and Notes Payable from Parent Companies
Affiliates etc 414038338 1604 Bonds Debentures and Certificates of Indebtedness 317363084 1229
Accounts Payable 57282285 222 Dealers Reserves and Withholds 437763 002
Accrued Taxes Other Than Income Tax 1789675 007 Reserve for Income Taxes 42665007 165
Credit Insurance Premiums Due Insurer 24453 000 Other Liabilities and Accruals 874458449 3387
Total Liabilities 2195537563 8504
Net Worth 386306763 1496
Total Liabilities and Net Worth $ 2581844326 10000
Exhibit A California Finance Lenders
Consolidated Balance Sheet As of December 31 2012
($ in thousands)
California Department of Business Oversight 6
Aggregate of
Balance Subtotal
CALIFORNIA FINANCE LENDERS LOAN RECEIVABLES
Consumer Loans $ 17161835 2318
Commercial Loans 56885482 7682
Subtotal $ 74047317 10000
Less Unearned Pre-computed Charges 1200677
Allowance for Bad Debts 1509950
Net California Finance Lenders Loan Receivables $ 71336690
OTHER RECEIVABLES
Sales Contracts $ 246200263 2301 Leases (True Leases) 98103520 917
Factoring 7642790 071 Other 718109706 6711
Subtotal $ 1070056279 10000
Less Unearned Pre-computed Charges and Discounts 12718234
Allowance for Bad Debts 11398056
Net Other Receivables $ 1045939989
Exhibit B California Finance Lenders
Analysis of Loans and Receivables Outstanding As of December 31 2012
($ in thousands)
232 Consumer
Loans
768 Commercial
Loans
Composition of CFL Loan Receivables
California Department of Business Oversight 7
Exhibit C California Finance Lenders
Statement of Income and Expenses For Calendar Year 2012
($ in thousands) of Total
Income
INCOME
Gross Income from California Finance Lenders Loans and California Finance Lenders Brokered Loans $ 7514953 172
Gross Income from All Other Business and Sources 429477277 9828
Total Gross Income $ 436992230 10000
EXPENSES
Loss on Loans Receivable $ 1789556 041 Professional Audit and Accounting Services 789891 018 Insurance and Bond Premiums 1158053 027 Legal Services and Expenses 1898380 043 Occupancy Expenses 3019437 069 Provision for Bad Debt Allowance 4917512 113 Salaries and Bonuses Employees 36042047 825 Salaries and Bonuses Owners Partners Executives 901556 021 Depreciation 24040431 550 License Fees and Taxes 921542 021 Telephone and Utilities 1287242 029 Advertising and Promotions 1360314 031 Other Expenses 296374652 6782
Total Expenses before Interest and Income Taxes $ 374500613 8570
Income before Interest and Income Taxes $ 62491617 1430
Less Interest Paid to Bona Fide Third Parties 25085287 574 Interest Paid to Parent Company Affiliates and Others 8709158 199
Income before Income Taxes $ 28697172 657
Less Provision for Income Taxes 3742416 086
Net Income or (Loss) $ 24954756 571
California Department of Business Oversight 8
Exhibit D California Finance Lenders
Analysis of Income Received For Calendar Year 2012
($ in thousands)
CFL LOANS AND CFL-BROKERED LOANS
Loans Under $2500
Loans $2500 and
Over Total
CONSUMER LOANS
Charges Earned on Loans Collection from Charged Off Accounts Income from Credit Insurance Other Insurance Commissions Administrative Fees Commissions from Loan Brokering Other Income
$ 40084 1094
1 0
4808 1328
97
$ 2592097 71686 1058 5157
98157 44696
313478
$ 2632181 72780 1059 5157
102965 46024
313575
Income from Consumer Loans $ 47412 $ 3126329 $ 3173741
COMMERCIAL LOANS
Charges Earned on Loans Collection from Charged Off Accounts Income from Credit Insurance Other Insurance Commissions Commissions from Loan Brokering Other Income
$ 3889307 10694
0 100
20159 420952
Income from Commercial Loans $ 4341212
Total Income from All Loans $ 7514953
ALL OTHER BUSINESS AND SOURCES
Charges Earned on Loans Other Interest or Return on Investments Collection from Charged Off Accounts Income from Credit Insurance Other Insurance Commissions Other Income Relating to Loans
$ 74190252 15778106 1078789
10182 209577
338210371
Total Income from All Other Business and Sources $ 429477277
California Department of Business Oversight 9
Number of Principal of Total Amount of Total Size of Loan Loans Number ($ in thousands) Amount
CONSUMER LOANS
$ 499 or less 112819 1452 $ 43238 009 500 to 1999 153599 1977 169483 036 2000 to 2499 13514 174 29894 006 2500 to 4999 234754 3022 694970 149 5000 to 9999 50705 653 341002 073 10000 or more 211438 2722 45416541 9727
Total Consumer Loans
Made 776829 10000 $ 46695128 10000
COMMERCIAL LOANS
$5000 or more 1099938 10000 $ 118944348 10000
Total Commercial Loans
Made 1099938 10000 $ 118944348 10000
Total Loans Made All Categories 1876767 $ 165639476
Exhibit E California Finance Lenders
Loans Made or Refinanced By Size For Calendar Year 2012
California Department of Business Oversight 10
Exhibit F California Finance Lenders
Loans Made or Refinanced By Type of Security for Calendar Year 2012
of Principal of Number of Total Amount Total
Type of Security Loans Number ($ in thousands) Amount
CONSUMER LOANS
LOANS UNDER $2500
Unsecured 264351 9443 $ 219604 9052
Personal Property 3358 120 5589 230
Automobiles amp Other Motor Vehicles 1976 071 3644 150 Auto Title Loans 958 034 1813 075
Wage Assignments 0 000 0 000
Other Security 9289 332 11965 493
Total Loans Made 279932 10000 $ 242615 10000
LOANS OF $2500 TO $4999
Unsecured 146100 6224 $ 409653 5895
Personal Property 14728 627 51055 735 Automobiles amp Other Motor Vehicles 14749 628 52020 748
Auto Title Loans 54340 2315 164934 2373
Wage Assignments 0 000 0 000
Other Security 4837 206 17308 249
Total Loans Made 234754 10000 $ 694970 10000
LOANS OF $5000 TO $9999
Unsecured 19529 3852 $ 125966 3694
Personal Property 2582 509 14900 437 Automobiles amp Other Motor Vehicles 20105 3965 145448 4265
Auto Title Loans 8228 1623 52349 1535
Wage Assignments 0 000 0 000
Real Property 164 032 1739 051 Other Security 97 019 600 018
Total Loans Made 50705 10000 $ 341002 10000
LOANS OF $10000 AND MORE
Unsecured 5464 259 $ 204278 045
Personal Property 228 011 15938 003
Automobiles amp Other Motor Vehicles 56247 2660 1638002 361
Auto Title Loans 1059 050 15158 003 Wage Assignments 3 000 32 000
Real Property 147105 6957 43444564 9566
Other Security 1332 063 98569 022
Total Loans Made 211438 10000 $ 45416541 10000
Total Consumer Loans Made 776829 $ 46695128
California Department of Business Oversight 11
Exhibit F (Continued) California Finance Lenders
Loans Made or Refinanced By Type of Security for Calendar Year 2012
Number of of of Total Principal Amount Total
Type of Security Loans Number ($ in thousands) Amount
ALL CONSUMER LOANS
Unsecured 435444 5606 $ 959501 205 Personal Property 20896 269 87482 019 Automobiles amp Other Motor Vehicles 93077 1198 1839114 394 Auto Title Loans 64585 831 234254 050 Wage Assignments 3 000 32 000 Real Property 147269 1896 43446303 9304 Other Security 15555 200 128442 028
Total Consumer Loans Made 776829 10000 $ 46695128 10000
California Department of Business Oversight 12
Number of Principal of
of Total Amount Total Type of Security Loans Number ($ in thousands) Amount
COMMERCIAL LOANS
Unsecured 15394 140 $ 25761860 2166 Personal Property 16278 148 2728481 229
Automobiles amp Other Motor Vehicles 986201 8966 54948885 4620 Business Equipment 29443 267 2717855 228
Real Property 6563 060 18931354 1592 Other Security 46059 419 13855913 1165
Total Commercial Loans Made 1099938 10000 $ 118944348 10000
Total Loans Made All Categories 1876767 $ 165639476
Exhibit F (Continued) California Finance Lenders
Loans Made or Refinanced By Type of Security for Calendar Year 2012
California Department of Business Oversight 13
Exhibit G California Finance Lenders
Loans Made or Refinanced by Interest Rates Charged for Calendar Year 2012
Number of Principal of of Total Amount Total
Rates Charged Loans Number ($ in thousands) Amount
CONSUMER LOANS
LOANS UNDER $2500
Step Rate 25 2 15 1 per month 120170 4293 $ 32148 1325
Alternate Rate 16 per month 9 000 17 001 Federal Reserve Bank Rate plus 10 0 000 0 000
Other Rates Up to 14999 APR 13411 479 40260 1659 15000 to 19999 APR 13590 486 13351 550 20000 to 24999 APR 3495 125 6136 253 25000 to 29999 APR 21723 776 27805 1146 30000 to 34999 APR 16041 573 25853 1066 35000 to 39999 APR 50167 1792 65777 2711 40000 to 69999 APR 40879 1460 30441 1255 70000 to 99999 APR 237 009 445 018 100000 or More APR 112 004 206 009 Variable Rates Based on Index 98 004 176 007
Total Loans Made 279932 10000 $ 242615 10000
LOANS OF $2500 TO $4999
Up to 14999 APR 4580 195 $ 14951 215 15000 to 19999 APR 3061 130 10907 157 20000 to 24999 APR 2608 111 8068 116 25000 to 29999 APR 11161 475 38361 552 30000 to 34999 APR 25176 1073 78751 1133 35000 to 39999 APR 27415 1168 85740 1234 40000 to 69999 APR 4994 213 15800 227 70000 to 99999 APR 34627 1475 105584 1519 100000 or More APR 120800 5146 335992 4835 Variable Rates Based on Index 332 014 816 012
Total Loans Made 234754 10000 $ 694970 10000
California Department of Business Oversight 14
Exhibit G (Continued) California Finance Lenders
Loans Made or Refinanced by Interest Rates Charged for Calendar Year 2012
Rates Charged
Number of
Loans
of Total
Number
Principal Amount
($ in thousands)
of Total
Amount
LOANS OF $5000 TO $9999
Up to 14999 APR 15000 to 19999 APR 20000 to 24999 APR 25000 to 29999 APR 30000 to 34999 APR 35000 to 39999 APR 40000 to 69999 APR 70000 to 99999 APR 100000 or More APR Variable Rates Based on Index
Total Loans Made
3172 1387 4177 7253 6062
14720 1761 5560 6577
36
50705
626 273 824
1430 1196 2903
347 1097 1297
007
10000
$
$
24462 10945 31240 49946 38211
104065 11954 35447 34452
280
341002
717 321 916
1465 1121 3052 351
1039 1010 008
10000
LOANS OF $10000 AND MORE
Up to 14999 APR 15000 to 19999 APR 20000 to 24999 APR 25000 to 29999 APR 30000 to 34999 APR 35000 to 39999 APR 40000 to 69999 APR 70000 to 99999 APR 100000 or More APR Variable Rates Based on Index
Total Loans Made
189886 5892 6049 1211
584 1166
314 3171 1071 2094
211438
8981 279 286 057 027 055 015 150 051 099
10000
$
$
44367974 101447 85241 15269
109737 14742 5110
33858 17234
665929
45416541
9769 022 019 003 024 003 001 008 004 147
10000
Total Consumer Loans Made 776829 $ 46695128
California Department of Business Oversight 15
Exhibit G (Continued) California Finance Lenders
Loans Made or Refinanced by Interest Rates Charged for Calendar Year 2012
Number of of of Total Principal Amount Total
Rates Charged Loans Number ($ in thousands) Amount
COMMERCIAL LOANS
Up to 14999 APR 82830 753 $ 49220152 4138 15000 to 19999 APR 9297 085 749890 063 20000 to 24999 APR 1193 011 140417 012 25000 to 29999 APR 884 008 86598 007 30000 to 34999 APR 528 005 37258 003 35000 to 39999 APR 1376 012 69235 006 40000 to 69999 APR 2805 025 87037 007 70000 to 99999 APR 350 003 13399 001 100000 or More APR 1304 012 128297 011 Variable Rates Based on Index 999371 9086 68412065 5752
Total Commercial Loans Made 1099938 10000 $ 118944348 10000
Total Loans Made All Categories 1876767 $ 165639476
California Department of Business Oversight 16
California Department of Business Oversight Toll-Free 1-866-275-2677
TTY 1-800-735-2922 Online wwwdbocagov
To request additional copies of this report please call our toll-free number or e-mail formsdbocagov
Materials presented in this report are a collective effort of the staff of the California Department of Business Oversight
California Department of Business Oversight 17
Analysis of Loans Made Under the CFLL License for the Last 10 Years
CALIFORNIA FINANCE LENDERS
Calendar Year
Number of Loans
Made
Principal Amount of
Loans Made
Average Size of Loans Made in
Consumer Loans
Commercial Loans
All Loans
2012 1876767 $165639476215 $60110 $108137 $88258
2011 3076347 139166897599 36097 47604 45238
2010 2560497 114778811783 44920 44805 44827
2009 2207881 89287544941 42814 39932 40440
2008 2249716 110013356592 30138 54460 48901
2007 2893697 202350867103 52331 76851 69928
2006 3940311 315492843743 106657 63574 80068
2005 3653036 285178701531 88605 70803 78066
2004 4167772 246616649910 50861 68536 59172
2003 5140316 278153215784 28264 96559 54112
California Department of Business Oversight 4
350000000000
300000000000
250000000000
200000000000
150000000000
100000000000
50000000000
0
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Am
ou
nt
of
Loan
s
Year
Comparison of the Principal Dollar Amount of Loans Made
0
20000
40000
60000
80000
100000
120000
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Am
ou
nt
of
Loan
Year
Comparison of Average Size of Loans Made
Consumer Loans Commercial Loans All Loans
California Department of Business Oversight 5
of Total ASSETS Assets
Cash $ 77950824 302
Investments 522594833 2024 California Finance Lenders Loan Receivables 71336690 276
Other Receivables 1045939989 4051 Reserves and Withholds by Banks and Finance
Companies 1396957 006 Real and Personal Property (Net) 108946625 422
Prepaid Expenses and Deferred Charges 7253555 028 Commissions Receivables 93264 000
Other Assets 746331589 2891
Total Assets $ 2581844326 10000
of Total
Liabilities and
LIABILITIES AND NET WORTH Net Worth
Loans and Notes Payable from Third Parties $ 487478509 1888 Loans and Notes Payable from Parent Companies
Affiliates etc 414038338 1604 Bonds Debentures and Certificates of Indebtedness 317363084 1229
Accounts Payable 57282285 222 Dealers Reserves and Withholds 437763 002
Accrued Taxes Other Than Income Tax 1789675 007 Reserve for Income Taxes 42665007 165
Credit Insurance Premiums Due Insurer 24453 000 Other Liabilities and Accruals 874458449 3387
Total Liabilities 2195537563 8504
Net Worth 386306763 1496
Total Liabilities and Net Worth $ 2581844326 10000
Exhibit A California Finance Lenders
Consolidated Balance Sheet As of December 31 2012
($ in thousands)
California Department of Business Oversight 6
Aggregate of
Balance Subtotal
CALIFORNIA FINANCE LENDERS LOAN RECEIVABLES
Consumer Loans $ 17161835 2318
Commercial Loans 56885482 7682
Subtotal $ 74047317 10000
Less Unearned Pre-computed Charges 1200677
Allowance for Bad Debts 1509950
Net California Finance Lenders Loan Receivables $ 71336690
OTHER RECEIVABLES
Sales Contracts $ 246200263 2301 Leases (True Leases) 98103520 917
Factoring 7642790 071 Other 718109706 6711
Subtotal $ 1070056279 10000
Less Unearned Pre-computed Charges and Discounts 12718234
Allowance for Bad Debts 11398056
Net Other Receivables $ 1045939989
Exhibit B California Finance Lenders
Analysis of Loans and Receivables Outstanding As of December 31 2012
($ in thousands)
232 Consumer
Loans
768 Commercial
Loans
Composition of CFL Loan Receivables
California Department of Business Oversight 7
Exhibit C California Finance Lenders
Statement of Income and Expenses For Calendar Year 2012
($ in thousands) of Total
Income
INCOME
Gross Income from California Finance Lenders Loans and California Finance Lenders Brokered Loans $ 7514953 172
Gross Income from All Other Business and Sources 429477277 9828
Total Gross Income $ 436992230 10000
EXPENSES
Loss on Loans Receivable $ 1789556 041 Professional Audit and Accounting Services 789891 018 Insurance and Bond Premiums 1158053 027 Legal Services and Expenses 1898380 043 Occupancy Expenses 3019437 069 Provision for Bad Debt Allowance 4917512 113 Salaries and Bonuses Employees 36042047 825 Salaries and Bonuses Owners Partners Executives 901556 021 Depreciation 24040431 550 License Fees and Taxes 921542 021 Telephone and Utilities 1287242 029 Advertising and Promotions 1360314 031 Other Expenses 296374652 6782
Total Expenses before Interest and Income Taxes $ 374500613 8570
Income before Interest and Income Taxes $ 62491617 1430
Less Interest Paid to Bona Fide Third Parties 25085287 574 Interest Paid to Parent Company Affiliates and Others 8709158 199
Income before Income Taxes $ 28697172 657
Less Provision for Income Taxes 3742416 086
Net Income or (Loss) $ 24954756 571
California Department of Business Oversight 8
Exhibit D California Finance Lenders
Analysis of Income Received For Calendar Year 2012
($ in thousands)
CFL LOANS AND CFL-BROKERED LOANS
Loans Under $2500
Loans $2500 and
Over Total
CONSUMER LOANS
Charges Earned on Loans Collection from Charged Off Accounts Income from Credit Insurance Other Insurance Commissions Administrative Fees Commissions from Loan Brokering Other Income
$ 40084 1094
1 0
4808 1328
97
$ 2592097 71686 1058 5157
98157 44696
313478
$ 2632181 72780 1059 5157
102965 46024
313575
Income from Consumer Loans $ 47412 $ 3126329 $ 3173741
COMMERCIAL LOANS
Charges Earned on Loans Collection from Charged Off Accounts Income from Credit Insurance Other Insurance Commissions Commissions from Loan Brokering Other Income
$ 3889307 10694
0 100
20159 420952
Income from Commercial Loans $ 4341212
Total Income from All Loans $ 7514953
ALL OTHER BUSINESS AND SOURCES
Charges Earned on Loans Other Interest or Return on Investments Collection from Charged Off Accounts Income from Credit Insurance Other Insurance Commissions Other Income Relating to Loans
$ 74190252 15778106 1078789
10182 209577
338210371
Total Income from All Other Business and Sources $ 429477277
California Department of Business Oversight 9
Number of Principal of Total Amount of Total Size of Loan Loans Number ($ in thousands) Amount
CONSUMER LOANS
$ 499 or less 112819 1452 $ 43238 009 500 to 1999 153599 1977 169483 036 2000 to 2499 13514 174 29894 006 2500 to 4999 234754 3022 694970 149 5000 to 9999 50705 653 341002 073 10000 or more 211438 2722 45416541 9727
Total Consumer Loans
Made 776829 10000 $ 46695128 10000
COMMERCIAL LOANS
$5000 or more 1099938 10000 $ 118944348 10000
Total Commercial Loans
Made 1099938 10000 $ 118944348 10000
Total Loans Made All Categories 1876767 $ 165639476
Exhibit E California Finance Lenders
Loans Made or Refinanced By Size For Calendar Year 2012
California Department of Business Oversight 10
Exhibit F California Finance Lenders
Loans Made or Refinanced By Type of Security for Calendar Year 2012
of Principal of Number of Total Amount Total
Type of Security Loans Number ($ in thousands) Amount
CONSUMER LOANS
LOANS UNDER $2500
Unsecured 264351 9443 $ 219604 9052
Personal Property 3358 120 5589 230
Automobiles amp Other Motor Vehicles 1976 071 3644 150 Auto Title Loans 958 034 1813 075
Wage Assignments 0 000 0 000
Other Security 9289 332 11965 493
Total Loans Made 279932 10000 $ 242615 10000
LOANS OF $2500 TO $4999
Unsecured 146100 6224 $ 409653 5895
Personal Property 14728 627 51055 735 Automobiles amp Other Motor Vehicles 14749 628 52020 748
Auto Title Loans 54340 2315 164934 2373
Wage Assignments 0 000 0 000
Other Security 4837 206 17308 249
Total Loans Made 234754 10000 $ 694970 10000
LOANS OF $5000 TO $9999
Unsecured 19529 3852 $ 125966 3694
Personal Property 2582 509 14900 437 Automobiles amp Other Motor Vehicles 20105 3965 145448 4265
Auto Title Loans 8228 1623 52349 1535
Wage Assignments 0 000 0 000
Real Property 164 032 1739 051 Other Security 97 019 600 018
Total Loans Made 50705 10000 $ 341002 10000
LOANS OF $10000 AND MORE
Unsecured 5464 259 $ 204278 045
Personal Property 228 011 15938 003
Automobiles amp Other Motor Vehicles 56247 2660 1638002 361
Auto Title Loans 1059 050 15158 003 Wage Assignments 3 000 32 000
Real Property 147105 6957 43444564 9566
Other Security 1332 063 98569 022
Total Loans Made 211438 10000 $ 45416541 10000
Total Consumer Loans Made 776829 $ 46695128
California Department of Business Oversight 11
Exhibit F (Continued) California Finance Lenders
Loans Made or Refinanced By Type of Security for Calendar Year 2012
Number of of of Total Principal Amount Total
Type of Security Loans Number ($ in thousands) Amount
ALL CONSUMER LOANS
Unsecured 435444 5606 $ 959501 205 Personal Property 20896 269 87482 019 Automobiles amp Other Motor Vehicles 93077 1198 1839114 394 Auto Title Loans 64585 831 234254 050 Wage Assignments 3 000 32 000 Real Property 147269 1896 43446303 9304 Other Security 15555 200 128442 028
Total Consumer Loans Made 776829 10000 $ 46695128 10000
California Department of Business Oversight 12
Number of Principal of
of Total Amount Total Type of Security Loans Number ($ in thousands) Amount
COMMERCIAL LOANS
Unsecured 15394 140 $ 25761860 2166 Personal Property 16278 148 2728481 229
Automobiles amp Other Motor Vehicles 986201 8966 54948885 4620 Business Equipment 29443 267 2717855 228
Real Property 6563 060 18931354 1592 Other Security 46059 419 13855913 1165
Total Commercial Loans Made 1099938 10000 $ 118944348 10000
Total Loans Made All Categories 1876767 $ 165639476
Exhibit F (Continued) California Finance Lenders
Loans Made or Refinanced By Type of Security for Calendar Year 2012
California Department of Business Oversight 13
Exhibit G California Finance Lenders
Loans Made or Refinanced by Interest Rates Charged for Calendar Year 2012
Number of Principal of of Total Amount Total
Rates Charged Loans Number ($ in thousands) Amount
CONSUMER LOANS
LOANS UNDER $2500
Step Rate 25 2 15 1 per month 120170 4293 $ 32148 1325
Alternate Rate 16 per month 9 000 17 001 Federal Reserve Bank Rate plus 10 0 000 0 000
Other Rates Up to 14999 APR 13411 479 40260 1659 15000 to 19999 APR 13590 486 13351 550 20000 to 24999 APR 3495 125 6136 253 25000 to 29999 APR 21723 776 27805 1146 30000 to 34999 APR 16041 573 25853 1066 35000 to 39999 APR 50167 1792 65777 2711 40000 to 69999 APR 40879 1460 30441 1255 70000 to 99999 APR 237 009 445 018 100000 or More APR 112 004 206 009 Variable Rates Based on Index 98 004 176 007
Total Loans Made 279932 10000 $ 242615 10000
LOANS OF $2500 TO $4999
Up to 14999 APR 4580 195 $ 14951 215 15000 to 19999 APR 3061 130 10907 157 20000 to 24999 APR 2608 111 8068 116 25000 to 29999 APR 11161 475 38361 552 30000 to 34999 APR 25176 1073 78751 1133 35000 to 39999 APR 27415 1168 85740 1234 40000 to 69999 APR 4994 213 15800 227 70000 to 99999 APR 34627 1475 105584 1519 100000 or More APR 120800 5146 335992 4835 Variable Rates Based on Index 332 014 816 012
Total Loans Made 234754 10000 $ 694970 10000
California Department of Business Oversight 14
Exhibit G (Continued) California Finance Lenders
Loans Made or Refinanced by Interest Rates Charged for Calendar Year 2012
Rates Charged
Number of
Loans
of Total
Number
Principal Amount
($ in thousands)
of Total
Amount
LOANS OF $5000 TO $9999
Up to 14999 APR 15000 to 19999 APR 20000 to 24999 APR 25000 to 29999 APR 30000 to 34999 APR 35000 to 39999 APR 40000 to 69999 APR 70000 to 99999 APR 100000 or More APR Variable Rates Based on Index
Total Loans Made
3172 1387 4177 7253 6062
14720 1761 5560 6577
36
50705
626 273 824
1430 1196 2903
347 1097 1297
007
10000
$
$
24462 10945 31240 49946 38211
104065 11954 35447 34452
280
341002
717 321 916
1465 1121 3052 351
1039 1010 008
10000
LOANS OF $10000 AND MORE
Up to 14999 APR 15000 to 19999 APR 20000 to 24999 APR 25000 to 29999 APR 30000 to 34999 APR 35000 to 39999 APR 40000 to 69999 APR 70000 to 99999 APR 100000 or More APR Variable Rates Based on Index
Total Loans Made
189886 5892 6049 1211
584 1166
314 3171 1071 2094
211438
8981 279 286 057 027 055 015 150 051 099
10000
$
$
44367974 101447 85241 15269
109737 14742 5110
33858 17234
665929
45416541
9769 022 019 003 024 003 001 008 004 147
10000
Total Consumer Loans Made 776829 $ 46695128
California Department of Business Oversight 15
Exhibit G (Continued) California Finance Lenders
Loans Made or Refinanced by Interest Rates Charged for Calendar Year 2012
Number of of of Total Principal Amount Total
Rates Charged Loans Number ($ in thousands) Amount
COMMERCIAL LOANS
Up to 14999 APR 82830 753 $ 49220152 4138 15000 to 19999 APR 9297 085 749890 063 20000 to 24999 APR 1193 011 140417 012 25000 to 29999 APR 884 008 86598 007 30000 to 34999 APR 528 005 37258 003 35000 to 39999 APR 1376 012 69235 006 40000 to 69999 APR 2805 025 87037 007 70000 to 99999 APR 350 003 13399 001 100000 or More APR 1304 012 128297 011 Variable Rates Based on Index 999371 9086 68412065 5752
Total Commercial Loans Made 1099938 10000 $ 118944348 10000
Total Loans Made All Categories 1876767 $ 165639476
California Department of Business Oversight 16
California Department of Business Oversight Toll-Free 1-866-275-2677
TTY 1-800-735-2922 Online wwwdbocagov
To request additional copies of this report please call our toll-free number or e-mail formsdbocagov
Materials presented in this report are a collective effort of the staff of the California Department of Business Oversight
California Department of Business Oversight 17
350000000000
300000000000
250000000000
200000000000
150000000000
100000000000
50000000000
0
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Am
ou
nt
of
Loan
s
Year
Comparison of the Principal Dollar Amount of Loans Made
0
20000
40000
60000
80000
100000
120000
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Am
ou
nt
of
Loan
Year
Comparison of Average Size of Loans Made
Consumer Loans Commercial Loans All Loans
California Department of Business Oversight 5
of Total ASSETS Assets
Cash $ 77950824 302
Investments 522594833 2024 California Finance Lenders Loan Receivables 71336690 276
Other Receivables 1045939989 4051 Reserves and Withholds by Banks and Finance
Companies 1396957 006 Real and Personal Property (Net) 108946625 422
Prepaid Expenses and Deferred Charges 7253555 028 Commissions Receivables 93264 000
Other Assets 746331589 2891
Total Assets $ 2581844326 10000
of Total
Liabilities and
LIABILITIES AND NET WORTH Net Worth
Loans and Notes Payable from Third Parties $ 487478509 1888 Loans and Notes Payable from Parent Companies
Affiliates etc 414038338 1604 Bonds Debentures and Certificates of Indebtedness 317363084 1229
Accounts Payable 57282285 222 Dealers Reserves and Withholds 437763 002
Accrued Taxes Other Than Income Tax 1789675 007 Reserve for Income Taxes 42665007 165
Credit Insurance Premiums Due Insurer 24453 000 Other Liabilities and Accruals 874458449 3387
Total Liabilities 2195537563 8504
Net Worth 386306763 1496
Total Liabilities and Net Worth $ 2581844326 10000
Exhibit A California Finance Lenders
Consolidated Balance Sheet As of December 31 2012
($ in thousands)
California Department of Business Oversight 6
Aggregate of
Balance Subtotal
CALIFORNIA FINANCE LENDERS LOAN RECEIVABLES
Consumer Loans $ 17161835 2318
Commercial Loans 56885482 7682
Subtotal $ 74047317 10000
Less Unearned Pre-computed Charges 1200677
Allowance for Bad Debts 1509950
Net California Finance Lenders Loan Receivables $ 71336690
OTHER RECEIVABLES
Sales Contracts $ 246200263 2301 Leases (True Leases) 98103520 917
Factoring 7642790 071 Other 718109706 6711
Subtotal $ 1070056279 10000
Less Unearned Pre-computed Charges and Discounts 12718234
Allowance for Bad Debts 11398056
Net Other Receivables $ 1045939989
Exhibit B California Finance Lenders
Analysis of Loans and Receivables Outstanding As of December 31 2012
($ in thousands)
232 Consumer
Loans
768 Commercial
Loans
Composition of CFL Loan Receivables
California Department of Business Oversight 7
Exhibit C California Finance Lenders
Statement of Income and Expenses For Calendar Year 2012
($ in thousands) of Total
Income
INCOME
Gross Income from California Finance Lenders Loans and California Finance Lenders Brokered Loans $ 7514953 172
Gross Income from All Other Business and Sources 429477277 9828
Total Gross Income $ 436992230 10000
EXPENSES
Loss on Loans Receivable $ 1789556 041 Professional Audit and Accounting Services 789891 018 Insurance and Bond Premiums 1158053 027 Legal Services and Expenses 1898380 043 Occupancy Expenses 3019437 069 Provision for Bad Debt Allowance 4917512 113 Salaries and Bonuses Employees 36042047 825 Salaries and Bonuses Owners Partners Executives 901556 021 Depreciation 24040431 550 License Fees and Taxes 921542 021 Telephone and Utilities 1287242 029 Advertising and Promotions 1360314 031 Other Expenses 296374652 6782
Total Expenses before Interest and Income Taxes $ 374500613 8570
Income before Interest and Income Taxes $ 62491617 1430
Less Interest Paid to Bona Fide Third Parties 25085287 574 Interest Paid to Parent Company Affiliates and Others 8709158 199
Income before Income Taxes $ 28697172 657
Less Provision for Income Taxes 3742416 086
Net Income or (Loss) $ 24954756 571
California Department of Business Oversight 8
Exhibit D California Finance Lenders
Analysis of Income Received For Calendar Year 2012
($ in thousands)
CFL LOANS AND CFL-BROKERED LOANS
Loans Under $2500
Loans $2500 and
Over Total
CONSUMER LOANS
Charges Earned on Loans Collection from Charged Off Accounts Income from Credit Insurance Other Insurance Commissions Administrative Fees Commissions from Loan Brokering Other Income
$ 40084 1094
1 0
4808 1328
97
$ 2592097 71686 1058 5157
98157 44696
313478
$ 2632181 72780 1059 5157
102965 46024
313575
Income from Consumer Loans $ 47412 $ 3126329 $ 3173741
COMMERCIAL LOANS
Charges Earned on Loans Collection from Charged Off Accounts Income from Credit Insurance Other Insurance Commissions Commissions from Loan Brokering Other Income
$ 3889307 10694
0 100
20159 420952
Income from Commercial Loans $ 4341212
Total Income from All Loans $ 7514953
ALL OTHER BUSINESS AND SOURCES
Charges Earned on Loans Other Interest or Return on Investments Collection from Charged Off Accounts Income from Credit Insurance Other Insurance Commissions Other Income Relating to Loans
$ 74190252 15778106 1078789
10182 209577
338210371
Total Income from All Other Business and Sources $ 429477277
California Department of Business Oversight 9
Number of Principal of Total Amount of Total Size of Loan Loans Number ($ in thousands) Amount
CONSUMER LOANS
$ 499 or less 112819 1452 $ 43238 009 500 to 1999 153599 1977 169483 036 2000 to 2499 13514 174 29894 006 2500 to 4999 234754 3022 694970 149 5000 to 9999 50705 653 341002 073 10000 or more 211438 2722 45416541 9727
Total Consumer Loans
Made 776829 10000 $ 46695128 10000
COMMERCIAL LOANS
$5000 or more 1099938 10000 $ 118944348 10000
Total Commercial Loans
Made 1099938 10000 $ 118944348 10000
Total Loans Made All Categories 1876767 $ 165639476
Exhibit E California Finance Lenders
Loans Made or Refinanced By Size For Calendar Year 2012
California Department of Business Oversight 10
Exhibit F California Finance Lenders
Loans Made or Refinanced By Type of Security for Calendar Year 2012
of Principal of Number of Total Amount Total
Type of Security Loans Number ($ in thousands) Amount
CONSUMER LOANS
LOANS UNDER $2500
Unsecured 264351 9443 $ 219604 9052
Personal Property 3358 120 5589 230
Automobiles amp Other Motor Vehicles 1976 071 3644 150 Auto Title Loans 958 034 1813 075
Wage Assignments 0 000 0 000
Other Security 9289 332 11965 493
Total Loans Made 279932 10000 $ 242615 10000
LOANS OF $2500 TO $4999
Unsecured 146100 6224 $ 409653 5895
Personal Property 14728 627 51055 735 Automobiles amp Other Motor Vehicles 14749 628 52020 748
Auto Title Loans 54340 2315 164934 2373
Wage Assignments 0 000 0 000
Other Security 4837 206 17308 249
Total Loans Made 234754 10000 $ 694970 10000
LOANS OF $5000 TO $9999
Unsecured 19529 3852 $ 125966 3694
Personal Property 2582 509 14900 437 Automobiles amp Other Motor Vehicles 20105 3965 145448 4265
Auto Title Loans 8228 1623 52349 1535
Wage Assignments 0 000 0 000
Real Property 164 032 1739 051 Other Security 97 019 600 018
Total Loans Made 50705 10000 $ 341002 10000
LOANS OF $10000 AND MORE
Unsecured 5464 259 $ 204278 045
Personal Property 228 011 15938 003
Automobiles amp Other Motor Vehicles 56247 2660 1638002 361
Auto Title Loans 1059 050 15158 003 Wage Assignments 3 000 32 000
Real Property 147105 6957 43444564 9566
Other Security 1332 063 98569 022
Total Loans Made 211438 10000 $ 45416541 10000
Total Consumer Loans Made 776829 $ 46695128
California Department of Business Oversight 11
Exhibit F (Continued) California Finance Lenders
Loans Made or Refinanced By Type of Security for Calendar Year 2012
Number of of of Total Principal Amount Total
Type of Security Loans Number ($ in thousands) Amount
ALL CONSUMER LOANS
Unsecured 435444 5606 $ 959501 205 Personal Property 20896 269 87482 019 Automobiles amp Other Motor Vehicles 93077 1198 1839114 394 Auto Title Loans 64585 831 234254 050 Wage Assignments 3 000 32 000 Real Property 147269 1896 43446303 9304 Other Security 15555 200 128442 028
Total Consumer Loans Made 776829 10000 $ 46695128 10000
California Department of Business Oversight 12
Number of Principal of
of Total Amount Total Type of Security Loans Number ($ in thousands) Amount
COMMERCIAL LOANS
Unsecured 15394 140 $ 25761860 2166 Personal Property 16278 148 2728481 229
Automobiles amp Other Motor Vehicles 986201 8966 54948885 4620 Business Equipment 29443 267 2717855 228
Real Property 6563 060 18931354 1592 Other Security 46059 419 13855913 1165
Total Commercial Loans Made 1099938 10000 $ 118944348 10000
Total Loans Made All Categories 1876767 $ 165639476
Exhibit F (Continued) California Finance Lenders
Loans Made or Refinanced By Type of Security for Calendar Year 2012
California Department of Business Oversight 13
Exhibit G California Finance Lenders
Loans Made or Refinanced by Interest Rates Charged for Calendar Year 2012
Number of Principal of of Total Amount Total
Rates Charged Loans Number ($ in thousands) Amount
CONSUMER LOANS
LOANS UNDER $2500
Step Rate 25 2 15 1 per month 120170 4293 $ 32148 1325
Alternate Rate 16 per month 9 000 17 001 Federal Reserve Bank Rate plus 10 0 000 0 000
Other Rates Up to 14999 APR 13411 479 40260 1659 15000 to 19999 APR 13590 486 13351 550 20000 to 24999 APR 3495 125 6136 253 25000 to 29999 APR 21723 776 27805 1146 30000 to 34999 APR 16041 573 25853 1066 35000 to 39999 APR 50167 1792 65777 2711 40000 to 69999 APR 40879 1460 30441 1255 70000 to 99999 APR 237 009 445 018 100000 or More APR 112 004 206 009 Variable Rates Based on Index 98 004 176 007
Total Loans Made 279932 10000 $ 242615 10000
LOANS OF $2500 TO $4999
Up to 14999 APR 4580 195 $ 14951 215 15000 to 19999 APR 3061 130 10907 157 20000 to 24999 APR 2608 111 8068 116 25000 to 29999 APR 11161 475 38361 552 30000 to 34999 APR 25176 1073 78751 1133 35000 to 39999 APR 27415 1168 85740 1234 40000 to 69999 APR 4994 213 15800 227 70000 to 99999 APR 34627 1475 105584 1519 100000 or More APR 120800 5146 335992 4835 Variable Rates Based on Index 332 014 816 012
Total Loans Made 234754 10000 $ 694970 10000
California Department of Business Oversight 14
Exhibit G (Continued) California Finance Lenders
Loans Made or Refinanced by Interest Rates Charged for Calendar Year 2012
Rates Charged
Number of
Loans
of Total
Number
Principal Amount
($ in thousands)
of Total
Amount
LOANS OF $5000 TO $9999
Up to 14999 APR 15000 to 19999 APR 20000 to 24999 APR 25000 to 29999 APR 30000 to 34999 APR 35000 to 39999 APR 40000 to 69999 APR 70000 to 99999 APR 100000 or More APR Variable Rates Based on Index
Total Loans Made
3172 1387 4177 7253 6062
14720 1761 5560 6577
36
50705
626 273 824
1430 1196 2903
347 1097 1297
007
10000
$
$
24462 10945 31240 49946 38211
104065 11954 35447 34452
280
341002
717 321 916
1465 1121 3052 351
1039 1010 008
10000
LOANS OF $10000 AND MORE
Up to 14999 APR 15000 to 19999 APR 20000 to 24999 APR 25000 to 29999 APR 30000 to 34999 APR 35000 to 39999 APR 40000 to 69999 APR 70000 to 99999 APR 100000 or More APR Variable Rates Based on Index
Total Loans Made
189886 5892 6049 1211
584 1166
314 3171 1071 2094
211438
8981 279 286 057 027 055 015 150 051 099
10000
$
$
44367974 101447 85241 15269
109737 14742 5110
33858 17234
665929
45416541
9769 022 019 003 024 003 001 008 004 147
10000
Total Consumer Loans Made 776829 $ 46695128
California Department of Business Oversight 15
Exhibit G (Continued) California Finance Lenders
Loans Made or Refinanced by Interest Rates Charged for Calendar Year 2012
Number of of of Total Principal Amount Total
Rates Charged Loans Number ($ in thousands) Amount
COMMERCIAL LOANS
Up to 14999 APR 82830 753 $ 49220152 4138 15000 to 19999 APR 9297 085 749890 063 20000 to 24999 APR 1193 011 140417 012 25000 to 29999 APR 884 008 86598 007 30000 to 34999 APR 528 005 37258 003 35000 to 39999 APR 1376 012 69235 006 40000 to 69999 APR 2805 025 87037 007 70000 to 99999 APR 350 003 13399 001 100000 or More APR 1304 012 128297 011 Variable Rates Based on Index 999371 9086 68412065 5752
Total Commercial Loans Made 1099938 10000 $ 118944348 10000
Total Loans Made All Categories 1876767 $ 165639476
California Department of Business Oversight 16
California Department of Business Oversight Toll-Free 1-866-275-2677
TTY 1-800-735-2922 Online wwwdbocagov
To request additional copies of this report please call our toll-free number or e-mail formsdbocagov
Materials presented in this report are a collective effort of the staff of the California Department of Business Oversight
California Department of Business Oversight 17
of Total ASSETS Assets
Cash $ 77950824 302
Investments 522594833 2024 California Finance Lenders Loan Receivables 71336690 276
Other Receivables 1045939989 4051 Reserves and Withholds by Banks and Finance
Companies 1396957 006 Real and Personal Property (Net) 108946625 422
Prepaid Expenses and Deferred Charges 7253555 028 Commissions Receivables 93264 000
Other Assets 746331589 2891
Total Assets $ 2581844326 10000
of Total
Liabilities and
LIABILITIES AND NET WORTH Net Worth
Loans and Notes Payable from Third Parties $ 487478509 1888 Loans and Notes Payable from Parent Companies
Affiliates etc 414038338 1604 Bonds Debentures and Certificates of Indebtedness 317363084 1229
Accounts Payable 57282285 222 Dealers Reserves and Withholds 437763 002
Accrued Taxes Other Than Income Tax 1789675 007 Reserve for Income Taxes 42665007 165
Credit Insurance Premiums Due Insurer 24453 000 Other Liabilities and Accruals 874458449 3387
Total Liabilities 2195537563 8504
Net Worth 386306763 1496
Total Liabilities and Net Worth $ 2581844326 10000
Exhibit A California Finance Lenders
Consolidated Balance Sheet As of December 31 2012
($ in thousands)
California Department of Business Oversight 6
Aggregate of
Balance Subtotal
CALIFORNIA FINANCE LENDERS LOAN RECEIVABLES
Consumer Loans $ 17161835 2318
Commercial Loans 56885482 7682
Subtotal $ 74047317 10000
Less Unearned Pre-computed Charges 1200677
Allowance for Bad Debts 1509950
Net California Finance Lenders Loan Receivables $ 71336690
OTHER RECEIVABLES
Sales Contracts $ 246200263 2301 Leases (True Leases) 98103520 917
Factoring 7642790 071 Other 718109706 6711
Subtotal $ 1070056279 10000
Less Unearned Pre-computed Charges and Discounts 12718234
Allowance for Bad Debts 11398056
Net Other Receivables $ 1045939989
Exhibit B California Finance Lenders
Analysis of Loans and Receivables Outstanding As of December 31 2012
($ in thousands)
232 Consumer
Loans
768 Commercial
Loans
Composition of CFL Loan Receivables
California Department of Business Oversight 7
Exhibit C California Finance Lenders
Statement of Income and Expenses For Calendar Year 2012
($ in thousands) of Total
Income
INCOME
Gross Income from California Finance Lenders Loans and California Finance Lenders Brokered Loans $ 7514953 172
Gross Income from All Other Business and Sources 429477277 9828
Total Gross Income $ 436992230 10000
EXPENSES
Loss on Loans Receivable $ 1789556 041 Professional Audit and Accounting Services 789891 018 Insurance and Bond Premiums 1158053 027 Legal Services and Expenses 1898380 043 Occupancy Expenses 3019437 069 Provision for Bad Debt Allowance 4917512 113 Salaries and Bonuses Employees 36042047 825 Salaries and Bonuses Owners Partners Executives 901556 021 Depreciation 24040431 550 License Fees and Taxes 921542 021 Telephone and Utilities 1287242 029 Advertising and Promotions 1360314 031 Other Expenses 296374652 6782
Total Expenses before Interest and Income Taxes $ 374500613 8570
Income before Interest and Income Taxes $ 62491617 1430
Less Interest Paid to Bona Fide Third Parties 25085287 574 Interest Paid to Parent Company Affiliates and Others 8709158 199
Income before Income Taxes $ 28697172 657
Less Provision for Income Taxes 3742416 086
Net Income or (Loss) $ 24954756 571
California Department of Business Oversight 8
Exhibit D California Finance Lenders
Analysis of Income Received For Calendar Year 2012
($ in thousands)
CFL LOANS AND CFL-BROKERED LOANS
Loans Under $2500
Loans $2500 and
Over Total
CONSUMER LOANS
Charges Earned on Loans Collection from Charged Off Accounts Income from Credit Insurance Other Insurance Commissions Administrative Fees Commissions from Loan Brokering Other Income
$ 40084 1094
1 0
4808 1328
97
$ 2592097 71686 1058 5157
98157 44696
313478
$ 2632181 72780 1059 5157
102965 46024
313575
Income from Consumer Loans $ 47412 $ 3126329 $ 3173741
COMMERCIAL LOANS
Charges Earned on Loans Collection from Charged Off Accounts Income from Credit Insurance Other Insurance Commissions Commissions from Loan Brokering Other Income
$ 3889307 10694
0 100
20159 420952
Income from Commercial Loans $ 4341212
Total Income from All Loans $ 7514953
ALL OTHER BUSINESS AND SOURCES
Charges Earned on Loans Other Interest or Return on Investments Collection from Charged Off Accounts Income from Credit Insurance Other Insurance Commissions Other Income Relating to Loans
$ 74190252 15778106 1078789
10182 209577
338210371
Total Income from All Other Business and Sources $ 429477277
California Department of Business Oversight 9
Number of Principal of Total Amount of Total Size of Loan Loans Number ($ in thousands) Amount
CONSUMER LOANS
$ 499 or less 112819 1452 $ 43238 009 500 to 1999 153599 1977 169483 036 2000 to 2499 13514 174 29894 006 2500 to 4999 234754 3022 694970 149 5000 to 9999 50705 653 341002 073 10000 or more 211438 2722 45416541 9727
Total Consumer Loans
Made 776829 10000 $ 46695128 10000
COMMERCIAL LOANS
$5000 or more 1099938 10000 $ 118944348 10000
Total Commercial Loans
Made 1099938 10000 $ 118944348 10000
Total Loans Made All Categories 1876767 $ 165639476
Exhibit E California Finance Lenders
Loans Made or Refinanced By Size For Calendar Year 2012
California Department of Business Oversight 10
Exhibit F California Finance Lenders
Loans Made or Refinanced By Type of Security for Calendar Year 2012
of Principal of Number of Total Amount Total
Type of Security Loans Number ($ in thousands) Amount
CONSUMER LOANS
LOANS UNDER $2500
Unsecured 264351 9443 $ 219604 9052
Personal Property 3358 120 5589 230
Automobiles amp Other Motor Vehicles 1976 071 3644 150 Auto Title Loans 958 034 1813 075
Wage Assignments 0 000 0 000
Other Security 9289 332 11965 493
Total Loans Made 279932 10000 $ 242615 10000
LOANS OF $2500 TO $4999
Unsecured 146100 6224 $ 409653 5895
Personal Property 14728 627 51055 735 Automobiles amp Other Motor Vehicles 14749 628 52020 748
Auto Title Loans 54340 2315 164934 2373
Wage Assignments 0 000 0 000
Other Security 4837 206 17308 249
Total Loans Made 234754 10000 $ 694970 10000
LOANS OF $5000 TO $9999
Unsecured 19529 3852 $ 125966 3694
Personal Property 2582 509 14900 437 Automobiles amp Other Motor Vehicles 20105 3965 145448 4265
Auto Title Loans 8228 1623 52349 1535
Wage Assignments 0 000 0 000
Real Property 164 032 1739 051 Other Security 97 019 600 018
Total Loans Made 50705 10000 $ 341002 10000
LOANS OF $10000 AND MORE
Unsecured 5464 259 $ 204278 045
Personal Property 228 011 15938 003
Automobiles amp Other Motor Vehicles 56247 2660 1638002 361
Auto Title Loans 1059 050 15158 003 Wage Assignments 3 000 32 000
Real Property 147105 6957 43444564 9566
Other Security 1332 063 98569 022
Total Loans Made 211438 10000 $ 45416541 10000
Total Consumer Loans Made 776829 $ 46695128
California Department of Business Oversight 11
Exhibit F (Continued) California Finance Lenders
Loans Made or Refinanced By Type of Security for Calendar Year 2012
Number of of of Total Principal Amount Total
Type of Security Loans Number ($ in thousands) Amount
ALL CONSUMER LOANS
Unsecured 435444 5606 $ 959501 205 Personal Property 20896 269 87482 019 Automobiles amp Other Motor Vehicles 93077 1198 1839114 394 Auto Title Loans 64585 831 234254 050 Wage Assignments 3 000 32 000 Real Property 147269 1896 43446303 9304 Other Security 15555 200 128442 028
Total Consumer Loans Made 776829 10000 $ 46695128 10000
California Department of Business Oversight 12
Number of Principal of
of Total Amount Total Type of Security Loans Number ($ in thousands) Amount
COMMERCIAL LOANS
Unsecured 15394 140 $ 25761860 2166 Personal Property 16278 148 2728481 229
Automobiles amp Other Motor Vehicles 986201 8966 54948885 4620 Business Equipment 29443 267 2717855 228
Real Property 6563 060 18931354 1592 Other Security 46059 419 13855913 1165
Total Commercial Loans Made 1099938 10000 $ 118944348 10000
Total Loans Made All Categories 1876767 $ 165639476
Exhibit F (Continued) California Finance Lenders
Loans Made or Refinanced By Type of Security for Calendar Year 2012
California Department of Business Oversight 13
Exhibit G California Finance Lenders
Loans Made or Refinanced by Interest Rates Charged for Calendar Year 2012
Number of Principal of of Total Amount Total
Rates Charged Loans Number ($ in thousands) Amount
CONSUMER LOANS
LOANS UNDER $2500
Step Rate 25 2 15 1 per month 120170 4293 $ 32148 1325
Alternate Rate 16 per month 9 000 17 001 Federal Reserve Bank Rate plus 10 0 000 0 000
Other Rates Up to 14999 APR 13411 479 40260 1659 15000 to 19999 APR 13590 486 13351 550 20000 to 24999 APR 3495 125 6136 253 25000 to 29999 APR 21723 776 27805 1146 30000 to 34999 APR 16041 573 25853 1066 35000 to 39999 APR 50167 1792 65777 2711 40000 to 69999 APR 40879 1460 30441 1255 70000 to 99999 APR 237 009 445 018 100000 or More APR 112 004 206 009 Variable Rates Based on Index 98 004 176 007
Total Loans Made 279932 10000 $ 242615 10000
LOANS OF $2500 TO $4999
Up to 14999 APR 4580 195 $ 14951 215 15000 to 19999 APR 3061 130 10907 157 20000 to 24999 APR 2608 111 8068 116 25000 to 29999 APR 11161 475 38361 552 30000 to 34999 APR 25176 1073 78751 1133 35000 to 39999 APR 27415 1168 85740 1234 40000 to 69999 APR 4994 213 15800 227 70000 to 99999 APR 34627 1475 105584 1519 100000 or More APR 120800 5146 335992 4835 Variable Rates Based on Index 332 014 816 012
Total Loans Made 234754 10000 $ 694970 10000
California Department of Business Oversight 14
Exhibit G (Continued) California Finance Lenders
Loans Made or Refinanced by Interest Rates Charged for Calendar Year 2012
Rates Charged
Number of
Loans
of Total
Number
Principal Amount
($ in thousands)
of Total
Amount
LOANS OF $5000 TO $9999
Up to 14999 APR 15000 to 19999 APR 20000 to 24999 APR 25000 to 29999 APR 30000 to 34999 APR 35000 to 39999 APR 40000 to 69999 APR 70000 to 99999 APR 100000 or More APR Variable Rates Based on Index
Total Loans Made
3172 1387 4177 7253 6062
14720 1761 5560 6577
36
50705
626 273 824
1430 1196 2903
347 1097 1297
007
10000
$
$
24462 10945 31240 49946 38211
104065 11954 35447 34452
280
341002
717 321 916
1465 1121 3052 351
1039 1010 008
10000
LOANS OF $10000 AND MORE
Up to 14999 APR 15000 to 19999 APR 20000 to 24999 APR 25000 to 29999 APR 30000 to 34999 APR 35000 to 39999 APR 40000 to 69999 APR 70000 to 99999 APR 100000 or More APR Variable Rates Based on Index
Total Loans Made
189886 5892 6049 1211
584 1166
314 3171 1071 2094
211438
8981 279 286 057 027 055 015 150 051 099
10000
$
$
44367974 101447 85241 15269
109737 14742 5110
33858 17234
665929
45416541
9769 022 019 003 024 003 001 008 004 147
10000
Total Consumer Loans Made 776829 $ 46695128
California Department of Business Oversight 15
Exhibit G (Continued) California Finance Lenders
Loans Made or Refinanced by Interest Rates Charged for Calendar Year 2012
Number of of of Total Principal Amount Total
Rates Charged Loans Number ($ in thousands) Amount
COMMERCIAL LOANS
Up to 14999 APR 82830 753 $ 49220152 4138 15000 to 19999 APR 9297 085 749890 063 20000 to 24999 APR 1193 011 140417 012 25000 to 29999 APR 884 008 86598 007 30000 to 34999 APR 528 005 37258 003 35000 to 39999 APR 1376 012 69235 006 40000 to 69999 APR 2805 025 87037 007 70000 to 99999 APR 350 003 13399 001 100000 or More APR 1304 012 128297 011 Variable Rates Based on Index 999371 9086 68412065 5752
Total Commercial Loans Made 1099938 10000 $ 118944348 10000
Total Loans Made All Categories 1876767 $ 165639476
California Department of Business Oversight 16
California Department of Business Oversight Toll-Free 1-866-275-2677
TTY 1-800-735-2922 Online wwwdbocagov
To request additional copies of this report please call our toll-free number or e-mail formsdbocagov
Materials presented in this report are a collective effort of the staff of the California Department of Business Oversight
California Department of Business Oversight 17
Aggregate of
Balance Subtotal
CALIFORNIA FINANCE LENDERS LOAN RECEIVABLES
Consumer Loans $ 17161835 2318
Commercial Loans 56885482 7682
Subtotal $ 74047317 10000
Less Unearned Pre-computed Charges 1200677
Allowance for Bad Debts 1509950
Net California Finance Lenders Loan Receivables $ 71336690
OTHER RECEIVABLES
Sales Contracts $ 246200263 2301 Leases (True Leases) 98103520 917
Factoring 7642790 071 Other 718109706 6711
Subtotal $ 1070056279 10000
Less Unearned Pre-computed Charges and Discounts 12718234
Allowance for Bad Debts 11398056
Net Other Receivables $ 1045939989
Exhibit B California Finance Lenders
Analysis of Loans and Receivables Outstanding As of December 31 2012
($ in thousands)
232 Consumer
Loans
768 Commercial
Loans
Composition of CFL Loan Receivables
California Department of Business Oversight 7
Exhibit C California Finance Lenders
Statement of Income and Expenses For Calendar Year 2012
($ in thousands) of Total
Income
INCOME
Gross Income from California Finance Lenders Loans and California Finance Lenders Brokered Loans $ 7514953 172
Gross Income from All Other Business and Sources 429477277 9828
Total Gross Income $ 436992230 10000
EXPENSES
Loss on Loans Receivable $ 1789556 041 Professional Audit and Accounting Services 789891 018 Insurance and Bond Premiums 1158053 027 Legal Services and Expenses 1898380 043 Occupancy Expenses 3019437 069 Provision for Bad Debt Allowance 4917512 113 Salaries and Bonuses Employees 36042047 825 Salaries and Bonuses Owners Partners Executives 901556 021 Depreciation 24040431 550 License Fees and Taxes 921542 021 Telephone and Utilities 1287242 029 Advertising and Promotions 1360314 031 Other Expenses 296374652 6782
Total Expenses before Interest and Income Taxes $ 374500613 8570
Income before Interest and Income Taxes $ 62491617 1430
Less Interest Paid to Bona Fide Third Parties 25085287 574 Interest Paid to Parent Company Affiliates and Others 8709158 199
Income before Income Taxes $ 28697172 657
Less Provision for Income Taxes 3742416 086
Net Income or (Loss) $ 24954756 571
California Department of Business Oversight 8
Exhibit D California Finance Lenders
Analysis of Income Received For Calendar Year 2012
($ in thousands)
CFL LOANS AND CFL-BROKERED LOANS
Loans Under $2500
Loans $2500 and
Over Total
CONSUMER LOANS
Charges Earned on Loans Collection from Charged Off Accounts Income from Credit Insurance Other Insurance Commissions Administrative Fees Commissions from Loan Brokering Other Income
$ 40084 1094
1 0
4808 1328
97
$ 2592097 71686 1058 5157
98157 44696
313478
$ 2632181 72780 1059 5157
102965 46024
313575
Income from Consumer Loans $ 47412 $ 3126329 $ 3173741
COMMERCIAL LOANS
Charges Earned on Loans Collection from Charged Off Accounts Income from Credit Insurance Other Insurance Commissions Commissions from Loan Brokering Other Income
$ 3889307 10694
0 100
20159 420952
Income from Commercial Loans $ 4341212
Total Income from All Loans $ 7514953
ALL OTHER BUSINESS AND SOURCES
Charges Earned on Loans Other Interest or Return on Investments Collection from Charged Off Accounts Income from Credit Insurance Other Insurance Commissions Other Income Relating to Loans
$ 74190252 15778106 1078789
10182 209577
338210371
Total Income from All Other Business and Sources $ 429477277
California Department of Business Oversight 9
Number of Principal of Total Amount of Total Size of Loan Loans Number ($ in thousands) Amount
CONSUMER LOANS
$ 499 or less 112819 1452 $ 43238 009 500 to 1999 153599 1977 169483 036 2000 to 2499 13514 174 29894 006 2500 to 4999 234754 3022 694970 149 5000 to 9999 50705 653 341002 073 10000 or more 211438 2722 45416541 9727
Total Consumer Loans
Made 776829 10000 $ 46695128 10000
COMMERCIAL LOANS
$5000 or more 1099938 10000 $ 118944348 10000
Total Commercial Loans
Made 1099938 10000 $ 118944348 10000
Total Loans Made All Categories 1876767 $ 165639476
Exhibit E California Finance Lenders
Loans Made or Refinanced By Size For Calendar Year 2012
California Department of Business Oversight 10
Exhibit F California Finance Lenders
Loans Made or Refinanced By Type of Security for Calendar Year 2012
of Principal of Number of Total Amount Total
Type of Security Loans Number ($ in thousands) Amount
CONSUMER LOANS
LOANS UNDER $2500
Unsecured 264351 9443 $ 219604 9052
Personal Property 3358 120 5589 230
Automobiles amp Other Motor Vehicles 1976 071 3644 150 Auto Title Loans 958 034 1813 075
Wage Assignments 0 000 0 000
Other Security 9289 332 11965 493
Total Loans Made 279932 10000 $ 242615 10000
LOANS OF $2500 TO $4999
Unsecured 146100 6224 $ 409653 5895
Personal Property 14728 627 51055 735 Automobiles amp Other Motor Vehicles 14749 628 52020 748
Auto Title Loans 54340 2315 164934 2373
Wage Assignments 0 000 0 000
Other Security 4837 206 17308 249
Total Loans Made 234754 10000 $ 694970 10000
LOANS OF $5000 TO $9999
Unsecured 19529 3852 $ 125966 3694
Personal Property 2582 509 14900 437 Automobiles amp Other Motor Vehicles 20105 3965 145448 4265
Auto Title Loans 8228 1623 52349 1535
Wage Assignments 0 000 0 000
Real Property 164 032 1739 051 Other Security 97 019 600 018
Total Loans Made 50705 10000 $ 341002 10000
LOANS OF $10000 AND MORE
Unsecured 5464 259 $ 204278 045
Personal Property 228 011 15938 003
Automobiles amp Other Motor Vehicles 56247 2660 1638002 361
Auto Title Loans 1059 050 15158 003 Wage Assignments 3 000 32 000
Real Property 147105 6957 43444564 9566
Other Security 1332 063 98569 022
Total Loans Made 211438 10000 $ 45416541 10000
Total Consumer Loans Made 776829 $ 46695128
California Department of Business Oversight 11
Exhibit F (Continued) California Finance Lenders
Loans Made or Refinanced By Type of Security for Calendar Year 2012
Number of of of Total Principal Amount Total
Type of Security Loans Number ($ in thousands) Amount
ALL CONSUMER LOANS
Unsecured 435444 5606 $ 959501 205 Personal Property 20896 269 87482 019 Automobiles amp Other Motor Vehicles 93077 1198 1839114 394 Auto Title Loans 64585 831 234254 050 Wage Assignments 3 000 32 000 Real Property 147269 1896 43446303 9304 Other Security 15555 200 128442 028
Total Consumer Loans Made 776829 10000 $ 46695128 10000
California Department of Business Oversight 12
Number of Principal of
of Total Amount Total Type of Security Loans Number ($ in thousands) Amount
COMMERCIAL LOANS
Unsecured 15394 140 $ 25761860 2166 Personal Property 16278 148 2728481 229
Automobiles amp Other Motor Vehicles 986201 8966 54948885 4620 Business Equipment 29443 267 2717855 228
Real Property 6563 060 18931354 1592 Other Security 46059 419 13855913 1165
Total Commercial Loans Made 1099938 10000 $ 118944348 10000
Total Loans Made All Categories 1876767 $ 165639476
Exhibit F (Continued) California Finance Lenders
Loans Made or Refinanced By Type of Security for Calendar Year 2012
California Department of Business Oversight 13
Exhibit G California Finance Lenders
Loans Made or Refinanced by Interest Rates Charged for Calendar Year 2012
Number of Principal of of Total Amount Total
Rates Charged Loans Number ($ in thousands) Amount
CONSUMER LOANS
LOANS UNDER $2500
Step Rate 25 2 15 1 per month 120170 4293 $ 32148 1325
Alternate Rate 16 per month 9 000 17 001 Federal Reserve Bank Rate plus 10 0 000 0 000
Other Rates Up to 14999 APR 13411 479 40260 1659 15000 to 19999 APR 13590 486 13351 550 20000 to 24999 APR 3495 125 6136 253 25000 to 29999 APR 21723 776 27805 1146 30000 to 34999 APR 16041 573 25853 1066 35000 to 39999 APR 50167 1792 65777 2711 40000 to 69999 APR 40879 1460 30441 1255 70000 to 99999 APR 237 009 445 018 100000 or More APR 112 004 206 009 Variable Rates Based on Index 98 004 176 007
Total Loans Made 279932 10000 $ 242615 10000
LOANS OF $2500 TO $4999
Up to 14999 APR 4580 195 $ 14951 215 15000 to 19999 APR 3061 130 10907 157 20000 to 24999 APR 2608 111 8068 116 25000 to 29999 APR 11161 475 38361 552 30000 to 34999 APR 25176 1073 78751 1133 35000 to 39999 APR 27415 1168 85740 1234 40000 to 69999 APR 4994 213 15800 227 70000 to 99999 APR 34627 1475 105584 1519 100000 or More APR 120800 5146 335992 4835 Variable Rates Based on Index 332 014 816 012
Total Loans Made 234754 10000 $ 694970 10000
California Department of Business Oversight 14
Exhibit G (Continued) California Finance Lenders
Loans Made or Refinanced by Interest Rates Charged for Calendar Year 2012
Rates Charged
Number of
Loans
of Total
Number
Principal Amount
($ in thousands)
of Total
Amount
LOANS OF $5000 TO $9999
Up to 14999 APR 15000 to 19999 APR 20000 to 24999 APR 25000 to 29999 APR 30000 to 34999 APR 35000 to 39999 APR 40000 to 69999 APR 70000 to 99999 APR 100000 or More APR Variable Rates Based on Index
Total Loans Made
3172 1387 4177 7253 6062
14720 1761 5560 6577
36
50705
626 273 824
1430 1196 2903
347 1097 1297
007
10000
$
$
24462 10945 31240 49946 38211
104065 11954 35447 34452
280
341002
717 321 916
1465 1121 3052 351
1039 1010 008
10000
LOANS OF $10000 AND MORE
Up to 14999 APR 15000 to 19999 APR 20000 to 24999 APR 25000 to 29999 APR 30000 to 34999 APR 35000 to 39999 APR 40000 to 69999 APR 70000 to 99999 APR 100000 or More APR Variable Rates Based on Index
Total Loans Made
189886 5892 6049 1211
584 1166
314 3171 1071 2094
211438
8981 279 286 057 027 055 015 150 051 099
10000
$
$
44367974 101447 85241 15269
109737 14742 5110
33858 17234
665929
45416541
9769 022 019 003 024 003 001 008 004 147
10000
Total Consumer Loans Made 776829 $ 46695128
California Department of Business Oversight 15
Exhibit G (Continued) California Finance Lenders
Loans Made or Refinanced by Interest Rates Charged for Calendar Year 2012
Number of of of Total Principal Amount Total
Rates Charged Loans Number ($ in thousands) Amount
COMMERCIAL LOANS
Up to 14999 APR 82830 753 $ 49220152 4138 15000 to 19999 APR 9297 085 749890 063 20000 to 24999 APR 1193 011 140417 012 25000 to 29999 APR 884 008 86598 007 30000 to 34999 APR 528 005 37258 003 35000 to 39999 APR 1376 012 69235 006 40000 to 69999 APR 2805 025 87037 007 70000 to 99999 APR 350 003 13399 001 100000 or More APR 1304 012 128297 011 Variable Rates Based on Index 999371 9086 68412065 5752
Total Commercial Loans Made 1099938 10000 $ 118944348 10000
Total Loans Made All Categories 1876767 $ 165639476
California Department of Business Oversight 16
California Department of Business Oversight Toll-Free 1-866-275-2677
TTY 1-800-735-2922 Online wwwdbocagov
To request additional copies of this report please call our toll-free number or e-mail formsdbocagov
Materials presented in this report are a collective effort of the staff of the California Department of Business Oversight
California Department of Business Oversight 17
Exhibit C California Finance Lenders
Statement of Income and Expenses For Calendar Year 2012
($ in thousands) of Total
Income
INCOME
Gross Income from California Finance Lenders Loans and California Finance Lenders Brokered Loans $ 7514953 172
Gross Income from All Other Business and Sources 429477277 9828
Total Gross Income $ 436992230 10000
EXPENSES
Loss on Loans Receivable $ 1789556 041 Professional Audit and Accounting Services 789891 018 Insurance and Bond Premiums 1158053 027 Legal Services and Expenses 1898380 043 Occupancy Expenses 3019437 069 Provision for Bad Debt Allowance 4917512 113 Salaries and Bonuses Employees 36042047 825 Salaries and Bonuses Owners Partners Executives 901556 021 Depreciation 24040431 550 License Fees and Taxes 921542 021 Telephone and Utilities 1287242 029 Advertising and Promotions 1360314 031 Other Expenses 296374652 6782
Total Expenses before Interest and Income Taxes $ 374500613 8570
Income before Interest and Income Taxes $ 62491617 1430
Less Interest Paid to Bona Fide Third Parties 25085287 574 Interest Paid to Parent Company Affiliates and Others 8709158 199
Income before Income Taxes $ 28697172 657
Less Provision for Income Taxes 3742416 086
Net Income or (Loss) $ 24954756 571
California Department of Business Oversight 8
Exhibit D California Finance Lenders
Analysis of Income Received For Calendar Year 2012
($ in thousands)
CFL LOANS AND CFL-BROKERED LOANS
Loans Under $2500
Loans $2500 and
Over Total
CONSUMER LOANS
Charges Earned on Loans Collection from Charged Off Accounts Income from Credit Insurance Other Insurance Commissions Administrative Fees Commissions from Loan Brokering Other Income
$ 40084 1094
1 0
4808 1328
97
$ 2592097 71686 1058 5157
98157 44696
313478
$ 2632181 72780 1059 5157
102965 46024
313575
Income from Consumer Loans $ 47412 $ 3126329 $ 3173741
COMMERCIAL LOANS
Charges Earned on Loans Collection from Charged Off Accounts Income from Credit Insurance Other Insurance Commissions Commissions from Loan Brokering Other Income
$ 3889307 10694
0 100
20159 420952
Income from Commercial Loans $ 4341212
Total Income from All Loans $ 7514953
ALL OTHER BUSINESS AND SOURCES
Charges Earned on Loans Other Interest or Return on Investments Collection from Charged Off Accounts Income from Credit Insurance Other Insurance Commissions Other Income Relating to Loans
$ 74190252 15778106 1078789
10182 209577
338210371
Total Income from All Other Business and Sources $ 429477277
California Department of Business Oversight 9
Number of Principal of Total Amount of Total Size of Loan Loans Number ($ in thousands) Amount
CONSUMER LOANS
$ 499 or less 112819 1452 $ 43238 009 500 to 1999 153599 1977 169483 036 2000 to 2499 13514 174 29894 006 2500 to 4999 234754 3022 694970 149 5000 to 9999 50705 653 341002 073 10000 or more 211438 2722 45416541 9727
Total Consumer Loans
Made 776829 10000 $ 46695128 10000
COMMERCIAL LOANS
$5000 or more 1099938 10000 $ 118944348 10000
Total Commercial Loans
Made 1099938 10000 $ 118944348 10000
Total Loans Made All Categories 1876767 $ 165639476
Exhibit E California Finance Lenders
Loans Made or Refinanced By Size For Calendar Year 2012
California Department of Business Oversight 10
Exhibit F California Finance Lenders
Loans Made or Refinanced By Type of Security for Calendar Year 2012
of Principal of Number of Total Amount Total
Type of Security Loans Number ($ in thousands) Amount
CONSUMER LOANS
LOANS UNDER $2500
Unsecured 264351 9443 $ 219604 9052
Personal Property 3358 120 5589 230
Automobiles amp Other Motor Vehicles 1976 071 3644 150 Auto Title Loans 958 034 1813 075
Wage Assignments 0 000 0 000
Other Security 9289 332 11965 493
Total Loans Made 279932 10000 $ 242615 10000
LOANS OF $2500 TO $4999
Unsecured 146100 6224 $ 409653 5895
Personal Property 14728 627 51055 735 Automobiles amp Other Motor Vehicles 14749 628 52020 748
Auto Title Loans 54340 2315 164934 2373
Wage Assignments 0 000 0 000
Other Security 4837 206 17308 249
Total Loans Made 234754 10000 $ 694970 10000
LOANS OF $5000 TO $9999
Unsecured 19529 3852 $ 125966 3694
Personal Property 2582 509 14900 437 Automobiles amp Other Motor Vehicles 20105 3965 145448 4265
Auto Title Loans 8228 1623 52349 1535
Wage Assignments 0 000 0 000
Real Property 164 032 1739 051 Other Security 97 019 600 018
Total Loans Made 50705 10000 $ 341002 10000
LOANS OF $10000 AND MORE
Unsecured 5464 259 $ 204278 045
Personal Property 228 011 15938 003
Automobiles amp Other Motor Vehicles 56247 2660 1638002 361
Auto Title Loans 1059 050 15158 003 Wage Assignments 3 000 32 000
Real Property 147105 6957 43444564 9566
Other Security 1332 063 98569 022
Total Loans Made 211438 10000 $ 45416541 10000
Total Consumer Loans Made 776829 $ 46695128
California Department of Business Oversight 11
Exhibit F (Continued) California Finance Lenders
Loans Made or Refinanced By Type of Security for Calendar Year 2012
Number of of of Total Principal Amount Total
Type of Security Loans Number ($ in thousands) Amount
ALL CONSUMER LOANS
Unsecured 435444 5606 $ 959501 205 Personal Property 20896 269 87482 019 Automobiles amp Other Motor Vehicles 93077 1198 1839114 394 Auto Title Loans 64585 831 234254 050 Wage Assignments 3 000 32 000 Real Property 147269 1896 43446303 9304 Other Security 15555 200 128442 028
Total Consumer Loans Made 776829 10000 $ 46695128 10000
California Department of Business Oversight 12
Number of Principal of
of Total Amount Total Type of Security Loans Number ($ in thousands) Amount
COMMERCIAL LOANS
Unsecured 15394 140 $ 25761860 2166 Personal Property 16278 148 2728481 229
Automobiles amp Other Motor Vehicles 986201 8966 54948885 4620 Business Equipment 29443 267 2717855 228
Real Property 6563 060 18931354 1592 Other Security 46059 419 13855913 1165
Total Commercial Loans Made 1099938 10000 $ 118944348 10000
Total Loans Made All Categories 1876767 $ 165639476
Exhibit F (Continued) California Finance Lenders
Loans Made or Refinanced By Type of Security for Calendar Year 2012
California Department of Business Oversight 13
Exhibit G California Finance Lenders
Loans Made or Refinanced by Interest Rates Charged for Calendar Year 2012
Number of Principal of of Total Amount Total
Rates Charged Loans Number ($ in thousands) Amount
CONSUMER LOANS
LOANS UNDER $2500
Step Rate 25 2 15 1 per month 120170 4293 $ 32148 1325
Alternate Rate 16 per month 9 000 17 001 Federal Reserve Bank Rate plus 10 0 000 0 000
Other Rates Up to 14999 APR 13411 479 40260 1659 15000 to 19999 APR 13590 486 13351 550 20000 to 24999 APR 3495 125 6136 253 25000 to 29999 APR 21723 776 27805 1146 30000 to 34999 APR 16041 573 25853 1066 35000 to 39999 APR 50167 1792 65777 2711 40000 to 69999 APR 40879 1460 30441 1255 70000 to 99999 APR 237 009 445 018 100000 or More APR 112 004 206 009 Variable Rates Based on Index 98 004 176 007
Total Loans Made 279932 10000 $ 242615 10000
LOANS OF $2500 TO $4999
Up to 14999 APR 4580 195 $ 14951 215 15000 to 19999 APR 3061 130 10907 157 20000 to 24999 APR 2608 111 8068 116 25000 to 29999 APR 11161 475 38361 552 30000 to 34999 APR 25176 1073 78751 1133 35000 to 39999 APR 27415 1168 85740 1234 40000 to 69999 APR 4994 213 15800 227 70000 to 99999 APR 34627 1475 105584 1519 100000 or More APR 120800 5146 335992 4835 Variable Rates Based on Index 332 014 816 012
Total Loans Made 234754 10000 $ 694970 10000
California Department of Business Oversight 14
Exhibit G (Continued) California Finance Lenders
Loans Made or Refinanced by Interest Rates Charged for Calendar Year 2012
Rates Charged
Number of
Loans
of Total
Number
Principal Amount
($ in thousands)
of Total
Amount
LOANS OF $5000 TO $9999
Up to 14999 APR 15000 to 19999 APR 20000 to 24999 APR 25000 to 29999 APR 30000 to 34999 APR 35000 to 39999 APR 40000 to 69999 APR 70000 to 99999 APR 100000 or More APR Variable Rates Based on Index
Total Loans Made
3172 1387 4177 7253 6062
14720 1761 5560 6577
36
50705
626 273 824
1430 1196 2903
347 1097 1297
007
10000
$
$
24462 10945 31240 49946 38211
104065 11954 35447 34452
280
341002
717 321 916
1465 1121 3052 351
1039 1010 008
10000
LOANS OF $10000 AND MORE
Up to 14999 APR 15000 to 19999 APR 20000 to 24999 APR 25000 to 29999 APR 30000 to 34999 APR 35000 to 39999 APR 40000 to 69999 APR 70000 to 99999 APR 100000 or More APR Variable Rates Based on Index
Total Loans Made
189886 5892 6049 1211
584 1166
314 3171 1071 2094
211438
8981 279 286 057 027 055 015 150 051 099
10000
$
$
44367974 101447 85241 15269
109737 14742 5110
33858 17234
665929
45416541
9769 022 019 003 024 003 001 008 004 147
10000
Total Consumer Loans Made 776829 $ 46695128
California Department of Business Oversight 15
Exhibit G (Continued) California Finance Lenders
Loans Made or Refinanced by Interest Rates Charged for Calendar Year 2012
Number of of of Total Principal Amount Total
Rates Charged Loans Number ($ in thousands) Amount
COMMERCIAL LOANS
Up to 14999 APR 82830 753 $ 49220152 4138 15000 to 19999 APR 9297 085 749890 063 20000 to 24999 APR 1193 011 140417 012 25000 to 29999 APR 884 008 86598 007 30000 to 34999 APR 528 005 37258 003 35000 to 39999 APR 1376 012 69235 006 40000 to 69999 APR 2805 025 87037 007 70000 to 99999 APR 350 003 13399 001 100000 or More APR 1304 012 128297 011 Variable Rates Based on Index 999371 9086 68412065 5752
Total Commercial Loans Made 1099938 10000 $ 118944348 10000
Total Loans Made All Categories 1876767 $ 165639476
California Department of Business Oversight 16
California Department of Business Oversight Toll-Free 1-866-275-2677
TTY 1-800-735-2922 Online wwwdbocagov
To request additional copies of this report please call our toll-free number or e-mail formsdbocagov
Materials presented in this report are a collective effort of the staff of the California Department of Business Oversight
California Department of Business Oversight 17
Exhibit D California Finance Lenders
Analysis of Income Received For Calendar Year 2012
($ in thousands)
CFL LOANS AND CFL-BROKERED LOANS
Loans Under $2500
Loans $2500 and
Over Total
CONSUMER LOANS
Charges Earned on Loans Collection from Charged Off Accounts Income from Credit Insurance Other Insurance Commissions Administrative Fees Commissions from Loan Brokering Other Income
$ 40084 1094
1 0
4808 1328
97
$ 2592097 71686 1058 5157
98157 44696
313478
$ 2632181 72780 1059 5157
102965 46024
313575
Income from Consumer Loans $ 47412 $ 3126329 $ 3173741
COMMERCIAL LOANS
Charges Earned on Loans Collection from Charged Off Accounts Income from Credit Insurance Other Insurance Commissions Commissions from Loan Brokering Other Income
$ 3889307 10694
0 100
20159 420952
Income from Commercial Loans $ 4341212
Total Income from All Loans $ 7514953
ALL OTHER BUSINESS AND SOURCES
Charges Earned on Loans Other Interest or Return on Investments Collection from Charged Off Accounts Income from Credit Insurance Other Insurance Commissions Other Income Relating to Loans
$ 74190252 15778106 1078789
10182 209577
338210371
Total Income from All Other Business and Sources $ 429477277
California Department of Business Oversight 9
Number of Principal of Total Amount of Total Size of Loan Loans Number ($ in thousands) Amount
CONSUMER LOANS
$ 499 or less 112819 1452 $ 43238 009 500 to 1999 153599 1977 169483 036 2000 to 2499 13514 174 29894 006 2500 to 4999 234754 3022 694970 149 5000 to 9999 50705 653 341002 073 10000 or more 211438 2722 45416541 9727
Total Consumer Loans
Made 776829 10000 $ 46695128 10000
COMMERCIAL LOANS
$5000 or more 1099938 10000 $ 118944348 10000
Total Commercial Loans
Made 1099938 10000 $ 118944348 10000
Total Loans Made All Categories 1876767 $ 165639476
Exhibit E California Finance Lenders
Loans Made or Refinanced By Size For Calendar Year 2012
California Department of Business Oversight 10
Exhibit F California Finance Lenders
Loans Made or Refinanced By Type of Security for Calendar Year 2012
of Principal of Number of Total Amount Total
Type of Security Loans Number ($ in thousands) Amount
CONSUMER LOANS
LOANS UNDER $2500
Unsecured 264351 9443 $ 219604 9052
Personal Property 3358 120 5589 230
Automobiles amp Other Motor Vehicles 1976 071 3644 150 Auto Title Loans 958 034 1813 075
Wage Assignments 0 000 0 000
Other Security 9289 332 11965 493
Total Loans Made 279932 10000 $ 242615 10000
LOANS OF $2500 TO $4999
Unsecured 146100 6224 $ 409653 5895
Personal Property 14728 627 51055 735 Automobiles amp Other Motor Vehicles 14749 628 52020 748
Auto Title Loans 54340 2315 164934 2373
Wage Assignments 0 000 0 000
Other Security 4837 206 17308 249
Total Loans Made 234754 10000 $ 694970 10000
LOANS OF $5000 TO $9999
Unsecured 19529 3852 $ 125966 3694
Personal Property 2582 509 14900 437 Automobiles amp Other Motor Vehicles 20105 3965 145448 4265
Auto Title Loans 8228 1623 52349 1535
Wage Assignments 0 000 0 000
Real Property 164 032 1739 051 Other Security 97 019 600 018
Total Loans Made 50705 10000 $ 341002 10000
LOANS OF $10000 AND MORE
Unsecured 5464 259 $ 204278 045
Personal Property 228 011 15938 003
Automobiles amp Other Motor Vehicles 56247 2660 1638002 361
Auto Title Loans 1059 050 15158 003 Wage Assignments 3 000 32 000
Real Property 147105 6957 43444564 9566
Other Security 1332 063 98569 022
Total Loans Made 211438 10000 $ 45416541 10000
Total Consumer Loans Made 776829 $ 46695128
California Department of Business Oversight 11
Exhibit F (Continued) California Finance Lenders
Loans Made or Refinanced By Type of Security for Calendar Year 2012
Number of of of Total Principal Amount Total
Type of Security Loans Number ($ in thousands) Amount
ALL CONSUMER LOANS
Unsecured 435444 5606 $ 959501 205 Personal Property 20896 269 87482 019 Automobiles amp Other Motor Vehicles 93077 1198 1839114 394 Auto Title Loans 64585 831 234254 050 Wage Assignments 3 000 32 000 Real Property 147269 1896 43446303 9304 Other Security 15555 200 128442 028
Total Consumer Loans Made 776829 10000 $ 46695128 10000
California Department of Business Oversight 12
Number of Principal of
of Total Amount Total Type of Security Loans Number ($ in thousands) Amount
COMMERCIAL LOANS
Unsecured 15394 140 $ 25761860 2166 Personal Property 16278 148 2728481 229
Automobiles amp Other Motor Vehicles 986201 8966 54948885 4620 Business Equipment 29443 267 2717855 228
Real Property 6563 060 18931354 1592 Other Security 46059 419 13855913 1165
Total Commercial Loans Made 1099938 10000 $ 118944348 10000
Total Loans Made All Categories 1876767 $ 165639476
Exhibit F (Continued) California Finance Lenders
Loans Made or Refinanced By Type of Security for Calendar Year 2012
California Department of Business Oversight 13
Exhibit G California Finance Lenders
Loans Made or Refinanced by Interest Rates Charged for Calendar Year 2012
Number of Principal of of Total Amount Total
Rates Charged Loans Number ($ in thousands) Amount
CONSUMER LOANS
LOANS UNDER $2500
Step Rate 25 2 15 1 per month 120170 4293 $ 32148 1325
Alternate Rate 16 per month 9 000 17 001 Federal Reserve Bank Rate plus 10 0 000 0 000
Other Rates Up to 14999 APR 13411 479 40260 1659 15000 to 19999 APR 13590 486 13351 550 20000 to 24999 APR 3495 125 6136 253 25000 to 29999 APR 21723 776 27805 1146 30000 to 34999 APR 16041 573 25853 1066 35000 to 39999 APR 50167 1792 65777 2711 40000 to 69999 APR 40879 1460 30441 1255 70000 to 99999 APR 237 009 445 018 100000 or More APR 112 004 206 009 Variable Rates Based on Index 98 004 176 007
Total Loans Made 279932 10000 $ 242615 10000
LOANS OF $2500 TO $4999
Up to 14999 APR 4580 195 $ 14951 215 15000 to 19999 APR 3061 130 10907 157 20000 to 24999 APR 2608 111 8068 116 25000 to 29999 APR 11161 475 38361 552 30000 to 34999 APR 25176 1073 78751 1133 35000 to 39999 APR 27415 1168 85740 1234 40000 to 69999 APR 4994 213 15800 227 70000 to 99999 APR 34627 1475 105584 1519 100000 or More APR 120800 5146 335992 4835 Variable Rates Based on Index 332 014 816 012
Total Loans Made 234754 10000 $ 694970 10000
California Department of Business Oversight 14
Exhibit G (Continued) California Finance Lenders
Loans Made or Refinanced by Interest Rates Charged for Calendar Year 2012
Rates Charged
Number of
Loans
of Total
Number
Principal Amount
($ in thousands)
of Total
Amount
LOANS OF $5000 TO $9999
Up to 14999 APR 15000 to 19999 APR 20000 to 24999 APR 25000 to 29999 APR 30000 to 34999 APR 35000 to 39999 APR 40000 to 69999 APR 70000 to 99999 APR 100000 or More APR Variable Rates Based on Index
Total Loans Made
3172 1387 4177 7253 6062
14720 1761 5560 6577
36
50705
626 273 824
1430 1196 2903
347 1097 1297
007
10000
$
$
24462 10945 31240 49946 38211
104065 11954 35447 34452
280
341002
717 321 916
1465 1121 3052 351
1039 1010 008
10000
LOANS OF $10000 AND MORE
Up to 14999 APR 15000 to 19999 APR 20000 to 24999 APR 25000 to 29999 APR 30000 to 34999 APR 35000 to 39999 APR 40000 to 69999 APR 70000 to 99999 APR 100000 or More APR Variable Rates Based on Index
Total Loans Made
189886 5892 6049 1211
584 1166
314 3171 1071 2094
211438
8981 279 286 057 027 055 015 150 051 099
10000
$
$
44367974 101447 85241 15269
109737 14742 5110
33858 17234
665929
45416541
9769 022 019 003 024 003 001 008 004 147
10000
Total Consumer Loans Made 776829 $ 46695128
California Department of Business Oversight 15
Exhibit G (Continued) California Finance Lenders
Loans Made or Refinanced by Interest Rates Charged for Calendar Year 2012
Number of of of Total Principal Amount Total
Rates Charged Loans Number ($ in thousands) Amount
COMMERCIAL LOANS
Up to 14999 APR 82830 753 $ 49220152 4138 15000 to 19999 APR 9297 085 749890 063 20000 to 24999 APR 1193 011 140417 012 25000 to 29999 APR 884 008 86598 007 30000 to 34999 APR 528 005 37258 003 35000 to 39999 APR 1376 012 69235 006 40000 to 69999 APR 2805 025 87037 007 70000 to 99999 APR 350 003 13399 001 100000 or More APR 1304 012 128297 011 Variable Rates Based on Index 999371 9086 68412065 5752
Total Commercial Loans Made 1099938 10000 $ 118944348 10000
Total Loans Made All Categories 1876767 $ 165639476
California Department of Business Oversight 16
California Department of Business Oversight Toll-Free 1-866-275-2677
TTY 1-800-735-2922 Online wwwdbocagov
To request additional copies of this report please call our toll-free number or e-mail formsdbocagov
Materials presented in this report are a collective effort of the staff of the California Department of Business Oversight
California Department of Business Oversight 17
Number of Principal of Total Amount of Total Size of Loan Loans Number ($ in thousands) Amount
CONSUMER LOANS
$ 499 or less 112819 1452 $ 43238 009 500 to 1999 153599 1977 169483 036 2000 to 2499 13514 174 29894 006 2500 to 4999 234754 3022 694970 149 5000 to 9999 50705 653 341002 073 10000 or more 211438 2722 45416541 9727
Total Consumer Loans
Made 776829 10000 $ 46695128 10000
COMMERCIAL LOANS
$5000 or more 1099938 10000 $ 118944348 10000
Total Commercial Loans
Made 1099938 10000 $ 118944348 10000
Total Loans Made All Categories 1876767 $ 165639476
Exhibit E California Finance Lenders
Loans Made or Refinanced By Size For Calendar Year 2012
California Department of Business Oversight 10
Exhibit F California Finance Lenders
Loans Made or Refinanced By Type of Security for Calendar Year 2012
of Principal of Number of Total Amount Total
Type of Security Loans Number ($ in thousands) Amount
CONSUMER LOANS
LOANS UNDER $2500
Unsecured 264351 9443 $ 219604 9052
Personal Property 3358 120 5589 230
Automobiles amp Other Motor Vehicles 1976 071 3644 150 Auto Title Loans 958 034 1813 075
Wage Assignments 0 000 0 000
Other Security 9289 332 11965 493
Total Loans Made 279932 10000 $ 242615 10000
LOANS OF $2500 TO $4999
Unsecured 146100 6224 $ 409653 5895
Personal Property 14728 627 51055 735 Automobiles amp Other Motor Vehicles 14749 628 52020 748
Auto Title Loans 54340 2315 164934 2373
Wage Assignments 0 000 0 000
Other Security 4837 206 17308 249
Total Loans Made 234754 10000 $ 694970 10000
LOANS OF $5000 TO $9999
Unsecured 19529 3852 $ 125966 3694
Personal Property 2582 509 14900 437 Automobiles amp Other Motor Vehicles 20105 3965 145448 4265
Auto Title Loans 8228 1623 52349 1535
Wage Assignments 0 000 0 000
Real Property 164 032 1739 051 Other Security 97 019 600 018
Total Loans Made 50705 10000 $ 341002 10000
LOANS OF $10000 AND MORE
Unsecured 5464 259 $ 204278 045
Personal Property 228 011 15938 003
Automobiles amp Other Motor Vehicles 56247 2660 1638002 361
Auto Title Loans 1059 050 15158 003 Wage Assignments 3 000 32 000
Real Property 147105 6957 43444564 9566
Other Security 1332 063 98569 022
Total Loans Made 211438 10000 $ 45416541 10000
Total Consumer Loans Made 776829 $ 46695128
California Department of Business Oversight 11
Exhibit F (Continued) California Finance Lenders
Loans Made or Refinanced By Type of Security for Calendar Year 2012
Number of of of Total Principal Amount Total
Type of Security Loans Number ($ in thousands) Amount
ALL CONSUMER LOANS
Unsecured 435444 5606 $ 959501 205 Personal Property 20896 269 87482 019 Automobiles amp Other Motor Vehicles 93077 1198 1839114 394 Auto Title Loans 64585 831 234254 050 Wage Assignments 3 000 32 000 Real Property 147269 1896 43446303 9304 Other Security 15555 200 128442 028
Total Consumer Loans Made 776829 10000 $ 46695128 10000
California Department of Business Oversight 12
Number of Principal of
of Total Amount Total Type of Security Loans Number ($ in thousands) Amount
COMMERCIAL LOANS
Unsecured 15394 140 $ 25761860 2166 Personal Property 16278 148 2728481 229
Automobiles amp Other Motor Vehicles 986201 8966 54948885 4620 Business Equipment 29443 267 2717855 228
Real Property 6563 060 18931354 1592 Other Security 46059 419 13855913 1165
Total Commercial Loans Made 1099938 10000 $ 118944348 10000
Total Loans Made All Categories 1876767 $ 165639476
Exhibit F (Continued) California Finance Lenders
Loans Made or Refinanced By Type of Security for Calendar Year 2012
California Department of Business Oversight 13
Exhibit G California Finance Lenders
Loans Made or Refinanced by Interest Rates Charged for Calendar Year 2012
Number of Principal of of Total Amount Total
Rates Charged Loans Number ($ in thousands) Amount
CONSUMER LOANS
LOANS UNDER $2500
Step Rate 25 2 15 1 per month 120170 4293 $ 32148 1325
Alternate Rate 16 per month 9 000 17 001 Federal Reserve Bank Rate plus 10 0 000 0 000
Other Rates Up to 14999 APR 13411 479 40260 1659 15000 to 19999 APR 13590 486 13351 550 20000 to 24999 APR 3495 125 6136 253 25000 to 29999 APR 21723 776 27805 1146 30000 to 34999 APR 16041 573 25853 1066 35000 to 39999 APR 50167 1792 65777 2711 40000 to 69999 APR 40879 1460 30441 1255 70000 to 99999 APR 237 009 445 018 100000 or More APR 112 004 206 009 Variable Rates Based on Index 98 004 176 007
Total Loans Made 279932 10000 $ 242615 10000
LOANS OF $2500 TO $4999
Up to 14999 APR 4580 195 $ 14951 215 15000 to 19999 APR 3061 130 10907 157 20000 to 24999 APR 2608 111 8068 116 25000 to 29999 APR 11161 475 38361 552 30000 to 34999 APR 25176 1073 78751 1133 35000 to 39999 APR 27415 1168 85740 1234 40000 to 69999 APR 4994 213 15800 227 70000 to 99999 APR 34627 1475 105584 1519 100000 or More APR 120800 5146 335992 4835 Variable Rates Based on Index 332 014 816 012
Total Loans Made 234754 10000 $ 694970 10000
California Department of Business Oversight 14
Exhibit G (Continued) California Finance Lenders
Loans Made or Refinanced by Interest Rates Charged for Calendar Year 2012
Rates Charged
Number of
Loans
of Total
Number
Principal Amount
($ in thousands)
of Total
Amount
LOANS OF $5000 TO $9999
Up to 14999 APR 15000 to 19999 APR 20000 to 24999 APR 25000 to 29999 APR 30000 to 34999 APR 35000 to 39999 APR 40000 to 69999 APR 70000 to 99999 APR 100000 or More APR Variable Rates Based on Index
Total Loans Made
3172 1387 4177 7253 6062
14720 1761 5560 6577
36
50705
626 273 824
1430 1196 2903
347 1097 1297
007
10000
$
$
24462 10945 31240 49946 38211
104065 11954 35447 34452
280
341002
717 321 916
1465 1121 3052 351
1039 1010 008
10000
LOANS OF $10000 AND MORE
Up to 14999 APR 15000 to 19999 APR 20000 to 24999 APR 25000 to 29999 APR 30000 to 34999 APR 35000 to 39999 APR 40000 to 69999 APR 70000 to 99999 APR 100000 or More APR Variable Rates Based on Index
Total Loans Made
189886 5892 6049 1211
584 1166
314 3171 1071 2094
211438
8981 279 286 057 027 055 015 150 051 099
10000
$
$
44367974 101447 85241 15269
109737 14742 5110
33858 17234
665929
45416541
9769 022 019 003 024 003 001 008 004 147
10000
Total Consumer Loans Made 776829 $ 46695128
California Department of Business Oversight 15
Exhibit G (Continued) California Finance Lenders
Loans Made or Refinanced by Interest Rates Charged for Calendar Year 2012
Number of of of Total Principal Amount Total
Rates Charged Loans Number ($ in thousands) Amount
COMMERCIAL LOANS
Up to 14999 APR 82830 753 $ 49220152 4138 15000 to 19999 APR 9297 085 749890 063 20000 to 24999 APR 1193 011 140417 012 25000 to 29999 APR 884 008 86598 007 30000 to 34999 APR 528 005 37258 003 35000 to 39999 APR 1376 012 69235 006 40000 to 69999 APR 2805 025 87037 007 70000 to 99999 APR 350 003 13399 001 100000 or More APR 1304 012 128297 011 Variable Rates Based on Index 999371 9086 68412065 5752
Total Commercial Loans Made 1099938 10000 $ 118944348 10000
Total Loans Made All Categories 1876767 $ 165639476
California Department of Business Oversight 16
California Department of Business Oversight Toll-Free 1-866-275-2677
TTY 1-800-735-2922 Online wwwdbocagov
To request additional copies of this report please call our toll-free number or e-mail formsdbocagov
Materials presented in this report are a collective effort of the staff of the California Department of Business Oversight
California Department of Business Oversight 17
Exhibit F California Finance Lenders
Loans Made or Refinanced By Type of Security for Calendar Year 2012
of Principal of Number of Total Amount Total
Type of Security Loans Number ($ in thousands) Amount
CONSUMER LOANS
LOANS UNDER $2500
Unsecured 264351 9443 $ 219604 9052
Personal Property 3358 120 5589 230
Automobiles amp Other Motor Vehicles 1976 071 3644 150 Auto Title Loans 958 034 1813 075
Wage Assignments 0 000 0 000
Other Security 9289 332 11965 493
Total Loans Made 279932 10000 $ 242615 10000
LOANS OF $2500 TO $4999
Unsecured 146100 6224 $ 409653 5895
Personal Property 14728 627 51055 735 Automobiles amp Other Motor Vehicles 14749 628 52020 748
Auto Title Loans 54340 2315 164934 2373
Wage Assignments 0 000 0 000
Other Security 4837 206 17308 249
Total Loans Made 234754 10000 $ 694970 10000
LOANS OF $5000 TO $9999
Unsecured 19529 3852 $ 125966 3694
Personal Property 2582 509 14900 437 Automobiles amp Other Motor Vehicles 20105 3965 145448 4265
Auto Title Loans 8228 1623 52349 1535
Wage Assignments 0 000 0 000
Real Property 164 032 1739 051 Other Security 97 019 600 018
Total Loans Made 50705 10000 $ 341002 10000
LOANS OF $10000 AND MORE
Unsecured 5464 259 $ 204278 045
Personal Property 228 011 15938 003
Automobiles amp Other Motor Vehicles 56247 2660 1638002 361
Auto Title Loans 1059 050 15158 003 Wage Assignments 3 000 32 000
Real Property 147105 6957 43444564 9566
Other Security 1332 063 98569 022
Total Loans Made 211438 10000 $ 45416541 10000
Total Consumer Loans Made 776829 $ 46695128
California Department of Business Oversight 11
Exhibit F (Continued) California Finance Lenders
Loans Made or Refinanced By Type of Security for Calendar Year 2012
Number of of of Total Principal Amount Total
Type of Security Loans Number ($ in thousands) Amount
ALL CONSUMER LOANS
Unsecured 435444 5606 $ 959501 205 Personal Property 20896 269 87482 019 Automobiles amp Other Motor Vehicles 93077 1198 1839114 394 Auto Title Loans 64585 831 234254 050 Wage Assignments 3 000 32 000 Real Property 147269 1896 43446303 9304 Other Security 15555 200 128442 028
Total Consumer Loans Made 776829 10000 $ 46695128 10000
California Department of Business Oversight 12
Number of Principal of
of Total Amount Total Type of Security Loans Number ($ in thousands) Amount
COMMERCIAL LOANS
Unsecured 15394 140 $ 25761860 2166 Personal Property 16278 148 2728481 229
Automobiles amp Other Motor Vehicles 986201 8966 54948885 4620 Business Equipment 29443 267 2717855 228
Real Property 6563 060 18931354 1592 Other Security 46059 419 13855913 1165
Total Commercial Loans Made 1099938 10000 $ 118944348 10000
Total Loans Made All Categories 1876767 $ 165639476
Exhibit F (Continued) California Finance Lenders
Loans Made or Refinanced By Type of Security for Calendar Year 2012
California Department of Business Oversight 13
Exhibit G California Finance Lenders
Loans Made or Refinanced by Interest Rates Charged for Calendar Year 2012
Number of Principal of of Total Amount Total
Rates Charged Loans Number ($ in thousands) Amount
CONSUMER LOANS
LOANS UNDER $2500
Step Rate 25 2 15 1 per month 120170 4293 $ 32148 1325
Alternate Rate 16 per month 9 000 17 001 Federal Reserve Bank Rate plus 10 0 000 0 000
Other Rates Up to 14999 APR 13411 479 40260 1659 15000 to 19999 APR 13590 486 13351 550 20000 to 24999 APR 3495 125 6136 253 25000 to 29999 APR 21723 776 27805 1146 30000 to 34999 APR 16041 573 25853 1066 35000 to 39999 APR 50167 1792 65777 2711 40000 to 69999 APR 40879 1460 30441 1255 70000 to 99999 APR 237 009 445 018 100000 or More APR 112 004 206 009 Variable Rates Based on Index 98 004 176 007
Total Loans Made 279932 10000 $ 242615 10000
LOANS OF $2500 TO $4999
Up to 14999 APR 4580 195 $ 14951 215 15000 to 19999 APR 3061 130 10907 157 20000 to 24999 APR 2608 111 8068 116 25000 to 29999 APR 11161 475 38361 552 30000 to 34999 APR 25176 1073 78751 1133 35000 to 39999 APR 27415 1168 85740 1234 40000 to 69999 APR 4994 213 15800 227 70000 to 99999 APR 34627 1475 105584 1519 100000 or More APR 120800 5146 335992 4835 Variable Rates Based on Index 332 014 816 012
Total Loans Made 234754 10000 $ 694970 10000
California Department of Business Oversight 14
Exhibit G (Continued) California Finance Lenders
Loans Made or Refinanced by Interest Rates Charged for Calendar Year 2012
Rates Charged
Number of
Loans
of Total
Number
Principal Amount
($ in thousands)
of Total
Amount
LOANS OF $5000 TO $9999
Up to 14999 APR 15000 to 19999 APR 20000 to 24999 APR 25000 to 29999 APR 30000 to 34999 APR 35000 to 39999 APR 40000 to 69999 APR 70000 to 99999 APR 100000 or More APR Variable Rates Based on Index
Total Loans Made
3172 1387 4177 7253 6062
14720 1761 5560 6577
36
50705
626 273 824
1430 1196 2903
347 1097 1297
007
10000
$
$
24462 10945 31240 49946 38211
104065 11954 35447 34452
280
341002
717 321 916
1465 1121 3052 351
1039 1010 008
10000
LOANS OF $10000 AND MORE
Up to 14999 APR 15000 to 19999 APR 20000 to 24999 APR 25000 to 29999 APR 30000 to 34999 APR 35000 to 39999 APR 40000 to 69999 APR 70000 to 99999 APR 100000 or More APR Variable Rates Based on Index
Total Loans Made
189886 5892 6049 1211
584 1166
314 3171 1071 2094
211438
8981 279 286 057 027 055 015 150 051 099
10000
$
$
44367974 101447 85241 15269
109737 14742 5110
33858 17234
665929
45416541
9769 022 019 003 024 003 001 008 004 147
10000
Total Consumer Loans Made 776829 $ 46695128
California Department of Business Oversight 15
Exhibit G (Continued) California Finance Lenders
Loans Made or Refinanced by Interest Rates Charged for Calendar Year 2012
Number of of of Total Principal Amount Total
Rates Charged Loans Number ($ in thousands) Amount
COMMERCIAL LOANS
Up to 14999 APR 82830 753 $ 49220152 4138 15000 to 19999 APR 9297 085 749890 063 20000 to 24999 APR 1193 011 140417 012 25000 to 29999 APR 884 008 86598 007 30000 to 34999 APR 528 005 37258 003 35000 to 39999 APR 1376 012 69235 006 40000 to 69999 APR 2805 025 87037 007 70000 to 99999 APR 350 003 13399 001 100000 or More APR 1304 012 128297 011 Variable Rates Based on Index 999371 9086 68412065 5752
Total Commercial Loans Made 1099938 10000 $ 118944348 10000
Total Loans Made All Categories 1876767 $ 165639476
California Department of Business Oversight 16
California Department of Business Oversight Toll-Free 1-866-275-2677
TTY 1-800-735-2922 Online wwwdbocagov
To request additional copies of this report please call our toll-free number or e-mail formsdbocagov
Materials presented in this report are a collective effort of the staff of the California Department of Business Oversight
California Department of Business Oversight 17
Exhibit F (Continued) California Finance Lenders
Loans Made or Refinanced By Type of Security for Calendar Year 2012
Number of of of Total Principal Amount Total
Type of Security Loans Number ($ in thousands) Amount
ALL CONSUMER LOANS
Unsecured 435444 5606 $ 959501 205 Personal Property 20896 269 87482 019 Automobiles amp Other Motor Vehicles 93077 1198 1839114 394 Auto Title Loans 64585 831 234254 050 Wage Assignments 3 000 32 000 Real Property 147269 1896 43446303 9304 Other Security 15555 200 128442 028
Total Consumer Loans Made 776829 10000 $ 46695128 10000
California Department of Business Oversight 12
Number of Principal of
of Total Amount Total Type of Security Loans Number ($ in thousands) Amount
COMMERCIAL LOANS
Unsecured 15394 140 $ 25761860 2166 Personal Property 16278 148 2728481 229
Automobiles amp Other Motor Vehicles 986201 8966 54948885 4620 Business Equipment 29443 267 2717855 228
Real Property 6563 060 18931354 1592 Other Security 46059 419 13855913 1165
Total Commercial Loans Made 1099938 10000 $ 118944348 10000
Total Loans Made All Categories 1876767 $ 165639476
Exhibit F (Continued) California Finance Lenders
Loans Made or Refinanced By Type of Security for Calendar Year 2012
California Department of Business Oversight 13
Exhibit G California Finance Lenders
Loans Made or Refinanced by Interest Rates Charged for Calendar Year 2012
Number of Principal of of Total Amount Total
Rates Charged Loans Number ($ in thousands) Amount
CONSUMER LOANS
LOANS UNDER $2500
Step Rate 25 2 15 1 per month 120170 4293 $ 32148 1325
Alternate Rate 16 per month 9 000 17 001 Federal Reserve Bank Rate plus 10 0 000 0 000
Other Rates Up to 14999 APR 13411 479 40260 1659 15000 to 19999 APR 13590 486 13351 550 20000 to 24999 APR 3495 125 6136 253 25000 to 29999 APR 21723 776 27805 1146 30000 to 34999 APR 16041 573 25853 1066 35000 to 39999 APR 50167 1792 65777 2711 40000 to 69999 APR 40879 1460 30441 1255 70000 to 99999 APR 237 009 445 018 100000 or More APR 112 004 206 009 Variable Rates Based on Index 98 004 176 007
Total Loans Made 279932 10000 $ 242615 10000
LOANS OF $2500 TO $4999
Up to 14999 APR 4580 195 $ 14951 215 15000 to 19999 APR 3061 130 10907 157 20000 to 24999 APR 2608 111 8068 116 25000 to 29999 APR 11161 475 38361 552 30000 to 34999 APR 25176 1073 78751 1133 35000 to 39999 APR 27415 1168 85740 1234 40000 to 69999 APR 4994 213 15800 227 70000 to 99999 APR 34627 1475 105584 1519 100000 or More APR 120800 5146 335992 4835 Variable Rates Based on Index 332 014 816 012
Total Loans Made 234754 10000 $ 694970 10000
California Department of Business Oversight 14
Exhibit G (Continued) California Finance Lenders
Loans Made or Refinanced by Interest Rates Charged for Calendar Year 2012
Rates Charged
Number of
Loans
of Total
Number
Principal Amount
($ in thousands)
of Total
Amount
LOANS OF $5000 TO $9999
Up to 14999 APR 15000 to 19999 APR 20000 to 24999 APR 25000 to 29999 APR 30000 to 34999 APR 35000 to 39999 APR 40000 to 69999 APR 70000 to 99999 APR 100000 or More APR Variable Rates Based on Index
Total Loans Made
3172 1387 4177 7253 6062
14720 1761 5560 6577
36
50705
626 273 824
1430 1196 2903
347 1097 1297
007
10000
$
$
24462 10945 31240 49946 38211
104065 11954 35447 34452
280
341002
717 321 916
1465 1121 3052 351
1039 1010 008
10000
LOANS OF $10000 AND MORE
Up to 14999 APR 15000 to 19999 APR 20000 to 24999 APR 25000 to 29999 APR 30000 to 34999 APR 35000 to 39999 APR 40000 to 69999 APR 70000 to 99999 APR 100000 or More APR Variable Rates Based on Index
Total Loans Made
189886 5892 6049 1211
584 1166
314 3171 1071 2094
211438
8981 279 286 057 027 055 015 150 051 099
10000
$
$
44367974 101447 85241 15269
109737 14742 5110
33858 17234
665929
45416541
9769 022 019 003 024 003 001 008 004 147
10000
Total Consumer Loans Made 776829 $ 46695128
California Department of Business Oversight 15
Exhibit G (Continued) California Finance Lenders
Loans Made or Refinanced by Interest Rates Charged for Calendar Year 2012
Number of of of Total Principal Amount Total
Rates Charged Loans Number ($ in thousands) Amount
COMMERCIAL LOANS
Up to 14999 APR 82830 753 $ 49220152 4138 15000 to 19999 APR 9297 085 749890 063 20000 to 24999 APR 1193 011 140417 012 25000 to 29999 APR 884 008 86598 007 30000 to 34999 APR 528 005 37258 003 35000 to 39999 APR 1376 012 69235 006 40000 to 69999 APR 2805 025 87037 007 70000 to 99999 APR 350 003 13399 001 100000 or More APR 1304 012 128297 011 Variable Rates Based on Index 999371 9086 68412065 5752
Total Commercial Loans Made 1099938 10000 $ 118944348 10000
Total Loans Made All Categories 1876767 $ 165639476
California Department of Business Oversight 16
California Department of Business Oversight Toll-Free 1-866-275-2677
TTY 1-800-735-2922 Online wwwdbocagov
To request additional copies of this report please call our toll-free number or e-mail formsdbocagov
Materials presented in this report are a collective effort of the staff of the California Department of Business Oversight
California Department of Business Oversight 17
Number of Principal of
of Total Amount Total Type of Security Loans Number ($ in thousands) Amount
COMMERCIAL LOANS
Unsecured 15394 140 $ 25761860 2166 Personal Property 16278 148 2728481 229
Automobiles amp Other Motor Vehicles 986201 8966 54948885 4620 Business Equipment 29443 267 2717855 228
Real Property 6563 060 18931354 1592 Other Security 46059 419 13855913 1165
Total Commercial Loans Made 1099938 10000 $ 118944348 10000
Total Loans Made All Categories 1876767 $ 165639476
Exhibit F (Continued) California Finance Lenders
Loans Made or Refinanced By Type of Security for Calendar Year 2012
California Department of Business Oversight 13
Exhibit G California Finance Lenders
Loans Made or Refinanced by Interest Rates Charged for Calendar Year 2012
Number of Principal of of Total Amount Total
Rates Charged Loans Number ($ in thousands) Amount
CONSUMER LOANS
LOANS UNDER $2500
Step Rate 25 2 15 1 per month 120170 4293 $ 32148 1325
Alternate Rate 16 per month 9 000 17 001 Federal Reserve Bank Rate plus 10 0 000 0 000
Other Rates Up to 14999 APR 13411 479 40260 1659 15000 to 19999 APR 13590 486 13351 550 20000 to 24999 APR 3495 125 6136 253 25000 to 29999 APR 21723 776 27805 1146 30000 to 34999 APR 16041 573 25853 1066 35000 to 39999 APR 50167 1792 65777 2711 40000 to 69999 APR 40879 1460 30441 1255 70000 to 99999 APR 237 009 445 018 100000 or More APR 112 004 206 009 Variable Rates Based on Index 98 004 176 007
Total Loans Made 279932 10000 $ 242615 10000
LOANS OF $2500 TO $4999
Up to 14999 APR 4580 195 $ 14951 215 15000 to 19999 APR 3061 130 10907 157 20000 to 24999 APR 2608 111 8068 116 25000 to 29999 APR 11161 475 38361 552 30000 to 34999 APR 25176 1073 78751 1133 35000 to 39999 APR 27415 1168 85740 1234 40000 to 69999 APR 4994 213 15800 227 70000 to 99999 APR 34627 1475 105584 1519 100000 or More APR 120800 5146 335992 4835 Variable Rates Based on Index 332 014 816 012
Total Loans Made 234754 10000 $ 694970 10000
California Department of Business Oversight 14
Exhibit G (Continued) California Finance Lenders
Loans Made or Refinanced by Interest Rates Charged for Calendar Year 2012
Rates Charged
Number of
Loans
of Total
Number
Principal Amount
($ in thousands)
of Total
Amount
LOANS OF $5000 TO $9999
Up to 14999 APR 15000 to 19999 APR 20000 to 24999 APR 25000 to 29999 APR 30000 to 34999 APR 35000 to 39999 APR 40000 to 69999 APR 70000 to 99999 APR 100000 or More APR Variable Rates Based on Index
Total Loans Made
3172 1387 4177 7253 6062
14720 1761 5560 6577
36
50705
626 273 824
1430 1196 2903
347 1097 1297
007
10000
$
$
24462 10945 31240 49946 38211
104065 11954 35447 34452
280
341002
717 321 916
1465 1121 3052 351
1039 1010 008
10000
LOANS OF $10000 AND MORE
Up to 14999 APR 15000 to 19999 APR 20000 to 24999 APR 25000 to 29999 APR 30000 to 34999 APR 35000 to 39999 APR 40000 to 69999 APR 70000 to 99999 APR 100000 or More APR Variable Rates Based on Index
Total Loans Made
189886 5892 6049 1211
584 1166
314 3171 1071 2094
211438
8981 279 286 057 027 055 015 150 051 099
10000
$
$
44367974 101447 85241 15269
109737 14742 5110
33858 17234
665929
45416541
9769 022 019 003 024 003 001 008 004 147
10000
Total Consumer Loans Made 776829 $ 46695128
California Department of Business Oversight 15
Exhibit G (Continued) California Finance Lenders
Loans Made or Refinanced by Interest Rates Charged for Calendar Year 2012
Number of of of Total Principal Amount Total
Rates Charged Loans Number ($ in thousands) Amount
COMMERCIAL LOANS
Up to 14999 APR 82830 753 $ 49220152 4138 15000 to 19999 APR 9297 085 749890 063 20000 to 24999 APR 1193 011 140417 012 25000 to 29999 APR 884 008 86598 007 30000 to 34999 APR 528 005 37258 003 35000 to 39999 APR 1376 012 69235 006 40000 to 69999 APR 2805 025 87037 007 70000 to 99999 APR 350 003 13399 001 100000 or More APR 1304 012 128297 011 Variable Rates Based on Index 999371 9086 68412065 5752
Total Commercial Loans Made 1099938 10000 $ 118944348 10000
Total Loans Made All Categories 1876767 $ 165639476
California Department of Business Oversight 16
California Department of Business Oversight Toll-Free 1-866-275-2677
TTY 1-800-735-2922 Online wwwdbocagov
To request additional copies of this report please call our toll-free number or e-mail formsdbocagov
Materials presented in this report are a collective effort of the staff of the California Department of Business Oversight
California Department of Business Oversight 17
Exhibit G California Finance Lenders
Loans Made or Refinanced by Interest Rates Charged for Calendar Year 2012
Number of Principal of of Total Amount Total
Rates Charged Loans Number ($ in thousands) Amount
CONSUMER LOANS
LOANS UNDER $2500
Step Rate 25 2 15 1 per month 120170 4293 $ 32148 1325
Alternate Rate 16 per month 9 000 17 001 Federal Reserve Bank Rate plus 10 0 000 0 000
Other Rates Up to 14999 APR 13411 479 40260 1659 15000 to 19999 APR 13590 486 13351 550 20000 to 24999 APR 3495 125 6136 253 25000 to 29999 APR 21723 776 27805 1146 30000 to 34999 APR 16041 573 25853 1066 35000 to 39999 APR 50167 1792 65777 2711 40000 to 69999 APR 40879 1460 30441 1255 70000 to 99999 APR 237 009 445 018 100000 or More APR 112 004 206 009 Variable Rates Based on Index 98 004 176 007
Total Loans Made 279932 10000 $ 242615 10000
LOANS OF $2500 TO $4999
Up to 14999 APR 4580 195 $ 14951 215 15000 to 19999 APR 3061 130 10907 157 20000 to 24999 APR 2608 111 8068 116 25000 to 29999 APR 11161 475 38361 552 30000 to 34999 APR 25176 1073 78751 1133 35000 to 39999 APR 27415 1168 85740 1234 40000 to 69999 APR 4994 213 15800 227 70000 to 99999 APR 34627 1475 105584 1519 100000 or More APR 120800 5146 335992 4835 Variable Rates Based on Index 332 014 816 012
Total Loans Made 234754 10000 $ 694970 10000
California Department of Business Oversight 14
Exhibit G (Continued) California Finance Lenders
Loans Made or Refinanced by Interest Rates Charged for Calendar Year 2012
Rates Charged
Number of
Loans
of Total
Number
Principal Amount
($ in thousands)
of Total
Amount
LOANS OF $5000 TO $9999
Up to 14999 APR 15000 to 19999 APR 20000 to 24999 APR 25000 to 29999 APR 30000 to 34999 APR 35000 to 39999 APR 40000 to 69999 APR 70000 to 99999 APR 100000 or More APR Variable Rates Based on Index
Total Loans Made
3172 1387 4177 7253 6062
14720 1761 5560 6577
36
50705
626 273 824
1430 1196 2903
347 1097 1297
007
10000
$
$
24462 10945 31240 49946 38211
104065 11954 35447 34452
280
341002
717 321 916
1465 1121 3052 351
1039 1010 008
10000
LOANS OF $10000 AND MORE
Up to 14999 APR 15000 to 19999 APR 20000 to 24999 APR 25000 to 29999 APR 30000 to 34999 APR 35000 to 39999 APR 40000 to 69999 APR 70000 to 99999 APR 100000 or More APR Variable Rates Based on Index
Total Loans Made
189886 5892 6049 1211
584 1166
314 3171 1071 2094
211438
8981 279 286 057 027 055 015 150 051 099
10000
$
$
44367974 101447 85241 15269
109737 14742 5110
33858 17234
665929
45416541
9769 022 019 003 024 003 001 008 004 147
10000
Total Consumer Loans Made 776829 $ 46695128
California Department of Business Oversight 15
Exhibit G (Continued) California Finance Lenders
Loans Made or Refinanced by Interest Rates Charged for Calendar Year 2012
Number of of of Total Principal Amount Total
Rates Charged Loans Number ($ in thousands) Amount
COMMERCIAL LOANS
Up to 14999 APR 82830 753 $ 49220152 4138 15000 to 19999 APR 9297 085 749890 063 20000 to 24999 APR 1193 011 140417 012 25000 to 29999 APR 884 008 86598 007 30000 to 34999 APR 528 005 37258 003 35000 to 39999 APR 1376 012 69235 006 40000 to 69999 APR 2805 025 87037 007 70000 to 99999 APR 350 003 13399 001 100000 or More APR 1304 012 128297 011 Variable Rates Based on Index 999371 9086 68412065 5752
Total Commercial Loans Made 1099938 10000 $ 118944348 10000
Total Loans Made All Categories 1876767 $ 165639476
California Department of Business Oversight 16
California Department of Business Oversight Toll-Free 1-866-275-2677
TTY 1-800-735-2922 Online wwwdbocagov
To request additional copies of this report please call our toll-free number or e-mail formsdbocagov
Materials presented in this report are a collective effort of the staff of the California Department of Business Oversight
California Department of Business Oversight 17
Exhibit G (Continued) California Finance Lenders
Loans Made or Refinanced by Interest Rates Charged for Calendar Year 2012
Rates Charged
Number of
Loans
of Total
Number
Principal Amount
($ in thousands)
of Total
Amount
LOANS OF $5000 TO $9999
Up to 14999 APR 15000 to 19999 APR 20000 to 24999 APR 25000 to 29999 APR 30000 to 34999 APR 35000 to 39999 APR 40000 to 69999 APR 70000 to 99999 APR 100000 or More APR Variable Rates Based on Index
Total Loans Made
3172 1387 4177 7253 6062
14720 1761 5560 6577
36
50705
626 273 824
1430 1196 2903
347 1097 1297
007
10000
$
$
24462 10945 31240 49946 38211
104065 11954 35447 34452
280
341002
717 321 916
1465 1121 3052 351
1039 1010 008
10000
LOANS OF $10000 AND MORE
Up to 14999 APR 15000 to 19999 APR 20000 to 24999 APR 25000 to 29999 APR 30000 to 34999 APR 35000 to 39999 APR 40000 to 69999 APR 70000 to 99999 APR 100000 or More APR Variable Rates Based on Index
Total Loans Made
189886 5892 6049 1211
584 1166
314 3171 1071 2094
211438
8981 279 286 057 027 055 015 150 051 099
10000
$
$
44367974 101447 85241 15269
109737 14742 5110
33858 17234
665929
45416541
9769 022 019 003 024 003 001 008 004 147
10000
Total Consumer Loans Made 776829 $ 46695128
California Department of Business Oversight 15
Exhibit G (Continued) California Finance Lenders
Loans Made or Refinanced by Interest Rates Charged for Calendar Year 2012
Number of of of Total Principal Amount Total
Rates Charged Loans Number ($ in thousands) Amount
COMMERCIAL LOANS
Up to 14999 APR 82830 753 $ 49220152 4138 15000 to 19999 APR 9297 085 749890 063 20000 to 24999 APR 1193 011 140417 012 25000 to 29999 APR 884 008 86598 007 30000 to 34999 APR 528 005 37258 003 35000 to 39999 APR 1376 012 69235 006 40000 to 69999 APR 2805 025 87037 007 70000 to 99999 APR 350 003 13399 001 100000 or More APR 1304 012 128297 011 Variable Rates Based on Index 999371 9086 68412065 5752
Total Commercial Loans Made 1099938 10000 $ 118944348 10000
Total Loans Made All Categories 1876767 $ 165639476
California Department of Business Oversight 16
California Department of Business Oversight Toll-Free 1-866-275-2677
TTY 1-800-735-2922 Online wwwdbocagov
To request additional copies of this report please call our toll-free number or e-mail formsdbocagov
Materials presented in this report are a collective effort of the staff of the California Department of Business Oversight
California Department of Business Oversight 17
Exhibit G (Continued) California Finance Lenders
Loans Made or Refinanced by Interest Rates Charged for Calendar Year 2012
Number of of of Total Principal Amount Total
Rates Charged Loans Number ($ in thousands) Amount
COMMERCIAL LOANS
Up to 14999 APR 82830 753 $ 49220152 4138 15000 to 19999 APR 9297 085 749890 063 20000 to 24999 APR 1193 011 140417 012 25000 to 29999 APR 884 008 86598 007 30000 to 34999 APR 528 005 37258 003 35000 to 39999 APR 1376 012 69235 006 40000 to 69999 APR 2805 025 87037 007 70000 to 99999 APR 350 003 13399 001 100000 or More APR 1304 012 128297 011 Variable Rates Based on Index 999371 9086 68412065 5752
Total Commercial Loans Made 1099938 10000 $ 118944348 10000
Total Loans Made All Categories 1876767 $ 165639476
California Department of Business Oversight 16
California Department of Business Oversight Toll-Free 1-866-275-2677
TTY 1-800-735-2922 Online wwwdbocagov
To request additional copies of this report please call our toll-free number or e-mail formsdbocagov
Materials presented in this report are a collective effort of the staff of the California Department of Business Oversight
California Department of Business Oversight 17
California Department of Business Oversight Toll-Free 1-866-275-2677
TTY 1-800-735-2922 Online wwwdbocagov
To request additional copies of this report please call our toll-free number or e-mail formsdbocagov
Materials presented in this report are a collective effort of the staff of the California Department of Business Oversight
California Department of Business Oversight 17
