Financing Receivables (Tables)

6 Months Ended

Jun. 30, 2014

Summary of Financing Receivables

Financing receivables are summarized as follows:

	June 30, 2014			December 31, 2013
	(in thousands)
Loans receivable, net:
Real estate—mortgage
Multi-family residential	$	7,259		$	7,455
Commercial		55,350			69,865
Other		403			712
		63,012			78,032
Allowance for loan losses		(3,627	)		(3,626	)
Participations sold		(518	)		(633	)
Deferred loan fees, net		(26	)		(18	)
Loans receivable, net		58,841			73,755
Other long-term investments:
Notes receivable—secured		9,611			10,533
Notes receivable—unsecured		2,892			2,593
		12,503			13,126
Loss reserve		(2,395	)		(2,584	)
Notes receivable, net		10,108			10,542
Total financing receivables, net	$	68,949		$	84,297

Aging Analysis of Loans and Notes Receivable

Aging analysis of loans and notes receivable at June 30, 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	$	7,259	$	7,259	$	—	$	—	$	—	$	—
Commercial		55,350		53,370		—		—		—		1,980
Other		403		403		—		—		—		—
	$	63,012	$	61,032	$	—	$	—	$	—	$	1,980
Notes Receivable:
Secured	$	9,611	$	5,142	$	3,590	$	45	$	—	$	834
Unsecured		2,892		1,235		8		—		—		1,649
	$	12,503	$	6,377	$	3,598	$	45	$	—	$	2,483

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