Supplemental Financial Data

12 Months Ended

Dec. 31, 2020

Supplemental Financial Data

Supplemental Financial Data

Note 29. Supplemental Financial Data

Summarized financial information of our unconsolidated subsidiaries

In accordance with the SEC’s Regulation S-X and GAAP, the Company had certain unconsolidated subsidiaries as of December 31, 2020 and 2019 and for the years ended December 31, 2020, 2019 and 2018 that met at least one of the significance conditions under the SEC’s Regulation S-X. Accordingly, pursuant to Rule 4-08 of Regulation S-X, summarized, comparative financial information is presented below for our significant unconsolidated subsidiaries, which include WFLLA, LLC, which the Company has a 50% interest, and Girod HoldCo, LLC, in which WFLLA, LLC holds a 49.9% interest. Pursuant to the consolidation guidance, it is determined the Company’s interest in WFLLA, LLC is a VIE however, the entity is not consolidated as we are not the primary beneficiary.

The Company’s proportional ownership interest in unconsolidated subsidiaries reflected in Investments in unconsolidated joint ventures within the Balance Sheet is detailed in the tables below:

	December 31, 2020				December 31, 2019
(In Thousands)		Girod HoldCo, LLC		WFLLA, LLC		Girod HoldCo, LLC		WFLLA, LLC
Cash	$	9,746	$	4,947	$	22,585	$	11,270
Loans, held-for-investment		92,053		45,934		103,751		51,772
Real estate owned		12,701		6,338		7,929		3,957
Other assets		429		214		487		239
Total Assets	$	114,929	$	57,433	$	134,752	$	67,238
Accounts payable and other accrued liabilities	$	80	$	52	$	72	$	36
Other liabilities		1,606		801		4,076		2,034
Total Liabilities	$	1,686	$	853	$	4,148	$	2,070

The Company’s proportional ownership interest in unconsolidated subsidiaries reflected in Income on unconsolidated joint ventures within the Statements of Income is detailed in the tables below:

	Year Ended December 31, 2020				Year Ended December 31, 2019				Year Ended December 31, 2018
(In Thousands)		Girod HoldCo, LLC		WFLLA, LLC		Girod HoldCo, LLC		WFLLA, LLC		Girod HoldCo, LLC		WFLLA, LLC
Interest income	$	2,372	$	1,184	$	6,922	$	3,454	$	21,182	$	10,570
Realized gains (losses)		(40)		(20)		5,218		2,604		27,310		13,628
Unrealized gains (losses)		(3,456)		(1,725)		15,286		7,628		8,191		4,087
Servicing expense and other		(4,359)		(2,175)		(5,996)		(2,999)		(7,972)		(3,989)
Income (loss) before provision for income taxes	$	(5,483)	$	(2,736)	$	21,430	$	10,687	$	48,711	$	24,296

	Year Ended December 31,
(In Thousands)	2020		2019		2018
Income (loss) on unconsolidated joint ventures
WFLLA, LLC	$	(1,368)	$	5,344	$	12,148
Other unconsolidated joint ventures		3,772		744		—
Income (loss) on unconsolidated joint ventures	$	2,404	$	6,088	$	12,148