Note D - Investments in Real Estate Loans (Tables)

6 Months Ended

Jun. 30, 2012

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

Loan Type	Number of Loans		Balance *		Weighted Average Interest Rate			Portfolio Percentage			Current Weighted Average Loan-To-Value, Net of Allowance for Loan Losses
Commercial		15	$	13,274,000		8.65	%		99.30	%		68.87	%
Land		1		94,000		6.00	%		0.70	%		53.81	%
Total		16	$	13,368,000		8.63	%		100.00	%		68.75	%

Loan Type	Number of Loans		Balance *		Weighted Average Interest Rate			Portfolio Percentage			Current Weighted Average Loan-To-Value, Net of Allowance for Loan Losses
Commercial		17	$	15,855,000		10.15	%		97.55	%		70.96	%
Construction		1		165,000		8.00	%		1.02	%		90.50	%
Residential		1		138,000		11.69	%		0.85	%		89.73	%
Land		1		94,000		6.00	%		0.58	%		53.81	%
Total		20	$	16,252,000		10.09	%		100.00	%		70.86	%

Schedule of Priority of Real Estate Loans [Table Text Block]

Loan Type	Number of Loans		June 30, 2012 Balance *		Portfolio Percentage			Number of Loans		December 31, 2011 Balance *		Portfolio Percentage
First deeds of trust		13	$	11,151,000		83.42	%		13	$	10,840,000		66.70	%
Second deeds of trust		3		2,217,000		16.58	%		7		5,412,000		33.30	%
Total		16	$	13,368,000		100.00	%		20	$	16,252,000		100.00	%

Investments Classified by Contractual Maturity Date [Table Text Block]

Non-performing and past due loans (a)	$	1,000,000
July 2012 –September 2012		1,994,000
October 2012 –December 2012		2,464,000
January 2013 – March 2013		3,260,000
April 2013 – June 2013		3,433,000
July 2013 – September 2013		467,000
Thereafter		750,000
Total	$	13,368,000

Schedule of Real Estate Loans by Geographic Area [Table Text Block]

	June 30, 2012 Balance *		Portfolio Percentage			December 31, 2011 Balance *		Portfolio Percentage
Arizona	$	450,000		3.37	%	$	3,282,000		20.20	%
California		467,000		3.49	%		647,000		3.98	%
Colorado		--		--			300,000		1.85	%
Michigan		1,741,000		13.02	%		--		--
Nevada		8,832,000		66.07	%		5,928,000		36.48	%
Oregon		--		--			4,434,000		27.28	%
Texas		1,058,000		7.91	%		1,661,000		10.21	%
Utah		820,000		6.14	%		--		--
Total	$	13,368,000		100.00	%	$	16,252,000		100.00	%

Reconciliation of Portfolio to Balance Sheet [Table Text Block]

	June 30, 2012 Balance			December 31, 2011 Balance
Balance per loan portfolio	$	13,368,000		$	16,252,000
Less:
Allowance for loan losses (a)		(1,629,000	)		(5,485,000	)
Balance per consolidated balance sheets	$	11,739,000		$	10,767,000

Impaired Financing Receivables [Table Text Block]

Loan Type	Number Of Non-Performing Loans		Balance at June 30, 2012		Allowance for Loan Losses			Net Balance at June 30, 2012
Commercial		1	$	1,000,000	$	(1,000,000	)	$	--
Total		1	$	1,000,000	$	(1,000,000	)	$	--

Loan Type	Number Of Non-Performing Loans		Balance at December 31, 2011		Allowance for Loan Losses			Net Balance at December 31, 2011
Commercial		4	$	7,571,000	$	(3,724,000	)	$	3,847,000
Total		4	$	7,571,000	$	(3,724,000	)	$	3,847,000

Schedule of Credit Losses Related to Financing Receivables, Current and Noncurrent [Table Text Block]

	As of June 30, 2012
	Balance		Allowance for loan losses *			Balance, net of allowance
Non-performing loans – no related allowance	$	--	$	--		$	--
Non-performing loans – related allowance		1,000,000		(1,000,000	)		--
Subtotal non-performing loans		1,000,000		(1,000,000	)		--
Performing loans – no related allowance		11,151,000		--			11,151,000
Performing loans – related allowance		1,217,000		(629,000	)		588,000
Subtotal performing loans		12,368,000		(629,000	)		11,739,000
Total	$	13,368,000	$	(1,629,000	)	$	11,739,000

	As of December 31, 2011
	Balance		Allowance for loan losses*			Balance, net of allowance
Non-performing loans – no related allowance	$	--	$	--		$	--
Non-performing loans – related allowance		7,571,000		(3,724,000	)		3,847,000
Subtotal non-performing loans		7,571,000		(3,724,000	)		3,847,000
Performing loans – no related allowance		6,241,000		--			6,241,000
Performing loans – related allowance		2,440,000		(1,761,000	)		678,000
Subtotal performing loans		8,681,000		(1,761,000	)		6,920,000
Total	$	16,252,000	$	(5,485,000	)	$	10,767,000

Allowance for Credit Losses on Financing Receivables [Table Text Block]

Loan Type	Balance at 12/31/2011		Specific Reserve Allocation		Sales		Loan Pay Downs and Settlements			Transfers to REO and Notes Receivable			Balance at 6/30/2012
Commercial	$	5,412,000	$	19,000	$	--	$	(1,535,000	)	$	(2,267,000	)	$	1,629,000
Construction		73,000		--		--		(73,000	)		--			--
Total	$	5,485,000	$	19,000	$	--	$	(1,608,000	)	$	(2,267,000	)	$	1,629,000

Loan Type	Balance at 12/31/2010		Specific Reserve Allocation		Sales		Settlements			Transfers to REO & Other Assets		Balance at 6/30/2011
Commercial	$	5,708,000	$	127,000	$	--	$	(997,000	)	$	--	$	4,838,000
Construction		72,000		--		--		--			--		72,000
Total	$	5,780,000	$	127,000	$	--	$	(997,000	)	$	--	$	4,910,000

Troubled Debt Restructurings on Financing Receivables [Table Text Block]

As of June 30, 2012
	Total				Performing				Non-Performing
Loan Type	Number of Loans		Fund Balance		Number of Loans		Fund Balance		Number of Loans		Fund Balance
Commercial		4	$	2,217,000		3	$	1,217,000		1	$	1,000,000
Total		4	$	2,217,000		3	$	1,217,000		1	$	1,000,000

As of December 31, 2011
	Total				Performing				Non-Performing
Loan Type	Number of Loans		Fund Balance		Number of Loans		Fund Balance		Number of Loans		Fund Balance
Commercial		6	$	4,212,000		4	$	2,276,000		2	$	1,936,000
Construction		1		165,000		1		165,000		--		--
Total		7	$	4,377,000		5	$	2,441,000		2	$	1,936,000