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Receivables (Tables)
12 Months Ended
Dec. 31, 2012
Receivables
Receivables consist of:
 
At Year-End
 
2012
 
2011
 
(In thousands)
Loan secured by real estate
$
18,507

 
$
20,666

Notes receivable, average interest rate of 6.24% at year-end 2012 and 7.16% at year-end 2011
1,875

 
1,817

Receivables and accrued interest
13,303

 
860

 
33,685

 
23,343

Allowance for bad debts
(62
)
 
(62
)
 
$
33,623

 
$
23,281

Estimated Accretable Yield
Estimated accretable yield at year-end 2012 follows:
 
(In thousands)
Beginning of period (First Quarter-End 2012)
$
28,926

Change in accretable yield due to change in timing of estimated cash flows
(515
)
Interest income recognized
(3,262
)
 
$
25,149