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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 2,882 $ 18,340
Adjustments to reconcile net income to net cash used in operating activities:    
Provisions for credit losses and impairment   388
Net equity in income from investments in partnerships (3,976) (827)
Net gains on bonds (3,571) 0
Net gains on real estate and other investments   (63)
Gain on disposal of discontinued operations   (20,352)
Net losses (gains) on derivatives 1,923 (1,581)
Net losses on extinguishment of liabilities 11 0
Advances on, originations and purchases of loans held for sale   (9,000)
Distributions received from investments in partnerships 1,615 1,894
Depreciation and amortization (96) (305)
Foreign currency losses 44 195
Stock-based compensation expense 82 1,274
Other, net 437 (287)
Net cash used in operating activities (649) (10,324)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Principal payments and sales proceeds received on bonds and loans held for investment 8,640 521
Investments in partnerships and real estate (56,447) (3,741)
Proceeds from the sale of real estate and other investments   63
Cash and restricted cash derecognized in the Disposition   (23,009)
Restricted cash related to deconsolidated guaranteed Low-Income Housing Tax Credit ("LIHTC") funds   (23,487)
Capital distributions received from investments in partnerships 50,216 9,566
Net cash provided by (used in) investing activities 2,409 (40,087)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from borrowing activity   12,189
Repayment of borrowings (1,197) (16,775)
Issuance of common shares   4,125
Net cash used in financing activities (1,197) (461)
Net increase (decrease) in cash, cash equivalents and restricted cash 563 (50,872)
Cash, cash equivalents and restricted cash at beginning of period 33,878 100,186
Cash, cash equivalents and restricted cash at end of period 34,441 49,314
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Interest paid 1,593 1,806
Income taxes paid   214
Non-cash investing and financing activities:    
Unrealized (losses) gains included in other comprehensive income (3,140) 9,160
Debt and liabilities extinguished through sales and collections on bonds 7,624 203
Decrease in bonds and common shareholders' equity due to change in accounting principle $ 266 0
Increase in common shareholders' equity and decrease in other liabilities due to change in accounting principles   9,206
Increase in loans from the Disposition   57,000
Increase in investments in debt securities from the Disposition   17,986
Increase in other assets from the Disposition   2,075
Increase in deferred revenue from the Disposition   (13,000)
Increase in accumulated other comprehensive income from the Disposition   9,415
Net change in assets, liabilities and equity due to deconsolidation of guaranteed LIHTC funds:    
Net decrease in investment in partnerships   (98,760)
Decrease in other assets   (5,174)
Decrease in debt   6,712
Decrease in unfunded equity commitments to lower tier property partnerships   8,003
Decrease in other liabilities   35,850
Decrease in noncontrolling interests   $ 83,909