MORTGAGE LOANS (Tables)

9 Months Ended

Sep. 30, 2016

MORTGAGE LOANS

Schedule of Changes in the Allowance for Mortgage Loan Credit Losses

A charge off is recorded by eliminating the allowance against the mortgage loan and recording the renegotiated loan or the collateral property related to the loan as investment real estate on the balance sheet, which is carried at the lower of the appraised fair value of the property or the unpaid principal balance of the loan, less estimated selling costs associated with the property:

	Successor Company						Predecessor Company
	As of September 30, 2016			February 1, 2015 to December 31, 2015			January 1, 2015 to January 31, 2015
	(Dollars In Thousands)						(Dollars In Thousands)
Beginning balance	$	—		$	—		$	5,720
Charge offs	(1,950		)	(2,561		)	(861		)
Recoveries	—			(638		)	(2,359		)
Provision	5,396			3,199			—
Ending balance	$	3,446		$	—		$	2,500

Schedule of an Analysis of the Delinquent Loans

An analysis of the delinquent loans is shown in the following chart.

					Greater
Successor Company	30-59 Days		60-89 Days		than 90 Days		Total
As of September 30, 2016	Delinquent		Delinquent		Delinquent		Delinquent
	(Dollars In Thousands)
Commercial mortgage loans	$	2,894	$	—	$	—	$	2,894
Number of delinquent commercial mortgage loans	2		—		—		2
As of December 31, 2015
Commercial mortgage loans	$	6,002	$	1,033	$	—	$	7,035
Number of delinquent commercial mortgage loans	6		1		—		7

Schedule of Information Regarding Impaired Loans

For information regarding impaired loans, please refer to the following chart:

			Unpaid				Average		Interest		Cash Basis
Successor Company	Recorded		Principal		Related		Recorded		Income		Interest
As of September 30, 2016	Investment		Balance		Allowance		Investment		Recognized		Income
	(Dollars In Thousands)
Commercial mortgage loans:
With no related allowance recorded	$	—	$	—	$	—	$	—	$	—	$	—
With an allowance recorded	10,693		11,060		3,446		3,564		352		343
As of December 31, 2015
Commercial mortgage loans:
With no related allowance recorded	$	1,694	$	1,728	$	—	$	847	$	104	$	117
With an allowance recorded	—		—		—		—		—		—