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Nicholas Financial Reports 3rd Quarter Results

(9)  Net charge-off percentage represents net charge-offs divided by average finance receivables, net of unearned interest, outstanding during the period.

The following tables present certain information regarding the delinquency rates experienced by the Company with respect to automobile finance installment contracts ("Contracts") and direct consumer loans ("Direct Loans"):

    Delinquencies
Contracts Gross Balance Outstanding 31 – 60 days   61 – 90 days 91 + days Total
December 31, 2012 $380,519,395 $17,287,813   $4,529,766 $2,254,123 $24,071,702
    4.54%   1.19% 0.59% 6.32%
December 31, 2011 $375,306,050 $13,643,453   $3,129,675 $1,125,631 $17,898,759
    3.64%   0.83% 0.30% 4.77%
Direct Loans Gross Balance Outstanding 31 – 60 days   61 – 90 days 91 + days Total
December 31, 2012 $8,861,098 $116,251   $29,295 $22,501 $168,047
    1.31%   0.33% 0.25% 1.89%
December 31, 2011 $6,481,305 $98,826   $11,716 $5,662 $116,204
    1.53%   0.18% 0.09% 1.80%

The following table presents selected information on Contracts purchased by the Company, net of unearned interest:    

  Three months ended Nine months ended
  December 31, December 31,
Contracts 2012 2011 2012 2011
Purchases $31,417,597 $32,476,531 $107,893,529 $104,032,460
Weighted APR 23.10% 23.62% 23.37% 23.75%
Average discount 7.92% 8.41% 7.85% 8.46%
Weighted average term (months) 50 49 49 49
Average loan $10,459 $9,990 $10,228 $9,928
Number of contracts 3,004 3,251 10,549 10,479
CONTACT: Ralph Finkenbrink
         Sr. Vice President, CFO
         Ph # 727-726-0763

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