Delinquency Aging & Roll Rate Decomposition

Summit Credit Services – Auto & Personal Loan Portfolio – Q3 2024 Analysis

$1.2B Outstanding | 34,200 Delinquent Accounts | North-Star: Reduce 90+ Share to 6.8%

90+ Day Balance Share
7.6%
+1.2% vs Target
Roll Rate 30→60 Days
28%
+6pp vs Baseline
Roll Rate 60→90 Days
41%
+9pp vs Baseline
Cure Rate (30d Bucket)
44%
-3pp MoM
Avg Days in Delinquency
38
+5 days vs Q2
Forecast Charge-Off (90d)
$2.1M
+18% vs Plan

Aging Survival Curves by Vintage (% Remaining Delinquent)

Roll Rate Heatmap (Bucket × Month)

Apr
May
Jun
Jul
Aug
Sep
30→60
24%
26%
27%
29%
32%
34%
60→90
36%
37%
39%
40%
42%
44%
90→CO
58%
60%
61%
63%
65%
67%
Cure 30d
48%
47%
45%
44%
43%
42%

Segment-Specific Aging Decay Index

10 Worst-Performing Vintages

Vintage 90+ Share 30→60 Cure 30d Avg DPD
Q3 2024 Partner9.8%34%39%42
Q2 2024 Partner9.2%31%41%40
Q1 2024 Auto8.9%29%42%39
Q4 2023 Partner8.4%28%43%38
Q3 2023 Auto7.9%27%44%37
Q2 2023 Partner7.6%26%45%36
Q1 2023 Auto7.2%25%46%35
Q4 2022 Partner6.8%24%47%34
Q3 2024 Personal6.7%23%48%33
Q2 2024 Auto6.5%22%49%32

Cure vs Roll Balance Flow ($M)

Origination Channel Performance: 30→60 Roll vs Cure Rate