Allowance for Credit Losses (Tables)

9 Months Ended

Sep. 30, 2018

Allowance for Credit Losses [Abstract]

Activity in Allowance for Doubtful Accounts

The Company’s allowance for credit losses are as follows (in thousands):


	Valuation Adjustments - Notes Receivable
Balance December 31, 2016	$	717
Note receivable disposal		(611)
Reversal of provision for credit losses		(73)
Balance December 31, 2017		33
Reversal of provision for credit losses		(33)
Balance September 30, 2018	$	-

Recorded Investment in Financing Receivables

The Company’s allowance for credit losses and its recorded investment in notes receivable as of December 31, 2017 were as follows (in thousands):


December 31, 2017		Notes Receivable
Allowance for credit losses:
Ending balance	$	33
Ending balance: individually evaluated for impairment	$	33
Ending balance: collectively evaluated for impairment	$	-

Financing receivables:
Ending balance	$	3,054
Ending balance: individually evaluated for impairment	$	3,054
Ending balance: collectively evaluated for impairment	$	-

Financing Receivables by Credit Quality Indicator and by Class

At September 30, 2018 and December 31, 2017, the Company’s notes receivables by credit quality indicator and by class of financing receivables are as follows (in thousands):


		Notes Receivable
	September 30, 2018		December 31, 2017
Pass	$	2,601	$	2,547
Special mention		108		392
Substandard		-		115
Doubtful		-		-
Total	$	2,709	$	3,054

Schedule of Impaired Loans

As of December 31, 2017, the Company’s impaired investment in financing receivables were as follows (in thousands):


	Impaired Investment in Financing Receivables
December 31, 2017	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
With no related allowance recorded
Notes receivable	$	-	$	-	$	-	$	-	$	-
With an allowance recorded
Notes receivable		33		33		33		70		-
Total	$	33	$	33	$	33	$	70	$	-

Net Investment in Financing Receivables by Age

At September 30, 2018 and December 31, 2017, investment in financing receivables is aged as follows (in thousands):


September 30, 2018		31-60 Days Past Due		61-90 Days Past Due		Greater Than 90 Days		Total Past Due		Current		Total Financing Receivables		Recorded Investment>90 Days and Accruing
Notes receivable	$	-	$	-	$	-	$	-	$	2,709	$	2,709	$	-
Total	$	-	$	-	$	-	$	-	$	2,709	$	2,709	$	-


December 31, 2017		31-60 Days Past Due		61-90 Days Past Due		Greater Than 90 Days		Total Past Due		Current		Total Financing Receivables		Recorded Investment>90 Days and Accruing
Notes receivable	$	-	$	-	$	-	$	-	$	3,054	$	3,054	$	-
Total	$	-	$	-	$	-	$	-	$	3,054	$	3,054	$	-

ATEL Growth Capital Fund 8, LLC 10-Q