Annual report pursuant to Section 13 and 15(d)

Allowance For Credit Losses

v3.24.0.1
Allowance For Credit Losses
12 Months Ended
Dec. 31, 2023
Receivables [Abstract]  
Allowance For Credit Losses

NOTE 9. – ALLOWANCE FOR CREDIT LOSSES

The Corporation maintains an allowance for credit losses for estimated uncollectible interest payments due from portfolio investments. The allowance for credit losses is based on a review of the overall condition of the receivable balances and a review of past due amounts. Changes in the allowance for credit losses consist of the following:

 

 

2023

 

 

2022

 

 

2021

 

Balance at beginning of year

 

$

 

 

$

 

 

$

(15,000

)

Write offs/Recoveries

 

 

 

 

 

 

 

 

15,000

 

Balance at end of year

 

$

 

 

$

 

 

$