Financing Receivables (Tables)

3 Months Ended

Mar. 31, 2014

Summary of Financing Receivables

Financing receivables are summarized as follows:

	March 31, 2014			December 31, 2013
	(in thousands)
Loans receivable, net:
Real estate—mortgage
Multi-family residential	$	7,371		$	7,455
Commercial		65,678			69,865
Other		702			712
		73,751			78,032
Allowance for loan losses		(3,627	)		(3,626	)
Participations sold		(627	)		(633	)
Deferred loan fees, net		(18	)		(18	)
Loans receivable, net		69,479			73,755
Other long-term investments:
Notes receivable—secured		9,945			10,533
Notes receivable—unsecured		2,405			2,593
		12,350			13,126
Loss reserve		(2,418	)		(2,584	)
Notes receivable, net		9,932			10,542
Total financing receivables, net	$	79,411		$	84,297

Aging Analysis of Loans and Notes Receivable

Aging analysis of loans and notes receivable at March 31, 2014 is as follows:

	Total		Current		30‑59 days past due		60‑89 days past due		90 days or more past due		Non‑accrual status
	(in thousands)
Loans Receivable:
Multi-family residential	$	7,371	$	7,371	$	—	$	—	$	—	$	—
Commercial		65,678		63,661		—		—		—		2,017
Other		702		702		—		—		—		—
	$	73,751	$	71,734	$	—	$	—	$	—	$	2,017
Notes Receivable:
Secured	$	9,945	$	5,378	$	—	$	3,657	$	68	$	842
Unsecured		2,405		731		9		—		—		1,665
	$	12,350	$	6,109	$	9	$	3,657	$	68	$	2,507

Aging analysis of loans and notes receivable at December 31, 2013 is as follows:

	Total		Current		30-59 days past due		60-89 days past due		90 days or more past due		Non-accrual status
	(in thousands)
Loans Receivable:
Multi-family residential	$	7,455	$	7,455	$	—	$	—	$	—	$	—
Commercial		69,865		67,807		—		—		—		2,058
Other		712		712		—		—		—		—
	$	78,032	$	75,974	$	—	$	—	$	—	$	2,058
Notes Receivable:								—
Secured	$	10,533	$	5,784	$	3,668	$	—	$	231	$	850
Unsecured		2,593		771		—		—		—		1,822
	$	13,126	$	6,555	$	3,668	$	—	$	231	$	2,672