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Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ (35,299,000) $ 2,187,000
Adjustments to reconcile net loss from operations to net cash provided by operating activities:    
Provision for loan losses 73,231,000 36,851,000
Paid-in-kind interest (940,000) (637,000)
Depreciation and amortization 5,060,000 6,014,000
Decrease in deferred and other tax liabilities (11,113,000) (1,375,000)
Amortization of origination fees, net 4,572,000 3,753,000
Net change in value of loan collateral in process of foreclosure 21,235,000 9,126,000
Net realized losses (gains) on investments 3,754,000 (1,810,000)
Net change in unrealized appreciation on investments   1,299,000
Stock-based compensation expense 1,495,000 853,000
Gain on extinguishment of debt (23,000) (4,145,000)
Increase in accrued interest receivable (1,928,000) (627,000)
Increase in other assets (7,878,000) (4,890,000)
Increase (decrease) in accounts payable and accrued expenses 4,883,000 (1,763,000)
Decrease in accrued interest payable (504,000) (341,000)
Net cash provided by operating activities 56,568,000 44,495,000
CASH FLOWS FROM INVESTING ACTIVITIES    
Loans originated (404,006,000) (374,642,000)
Proceeds from principal receipts, sales, and maturities of loans 222,592,000 188,226,000
Purchases of investments (11,480,000) (6,849,000)
Proceeds from principal receipts, sales, and maturities of investments 12,983,000 5,902,000
Proceeds from the sale and principal payments on loan collateral in process of foreclosure 8,303,000 12,714,000
Net cash used for investing activities (171,608,000) (174,649,000)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from time deposits and funds borrowed 515,982,000 450,192,000
Repayments of time deposits and funds borrowed (414,501,000) (324,960,000)
Purchase of federal funds   4,000,000
Distributions to non-controlling interests (4,531,000) (1,776,000)
Net cash provided by financing activities 96,950,000 127,456,000
NET DECREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH (18,090,000) (2,698,000)
Cash, cash equivalents and restricted cash, beginning of period [1] 67,821,000 57,713,000
Cash, cash equivalents and restricted cash, end of period [1] 49,731,000 55,015,000
SUPPLEMENTAL INFORMATION    
Cash paid during the period for interest 24,769,000 24,252,000
Cash paid during the period for income taxes 100,000 135,000
NON-CASH INVESTING    
Loans transferred to loan collateral in process of foreclosure, net 25,569,000 $ 25,884,000
Loans transferred to other foreclosed property $ 1,800,000  
[1] Includes federal funds sold.