MORTGAGE LOANS (Tables)

9 Months Ended

Sep. 30, 2017

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:

	For The Nine Months Ended
	September 30, 2017
	(Dollars In Thousands)
Beginning balance, December 31, 2016	$	724
Charge offs	(5,653		)
Recoveries	(731		)
Provision	6,715
Ending balance, September 30, 2017	$	1,055

Schedule of an Analysis of the Delinquent Loans

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

					Greater
	30-59 Days		60-89 Days		than 90 Days		Total
As of September 30, 2017	Delinquent		Delinquent		Delinquent		Delinquent
	(Dollars In Thousands)
Commercial mortgage loans	$	2,293	$	—	$	869	$	3,162
Number of delinquent commercial mortgage loans	2		—		1		3
As of December 31, 2016
Commercial mortgage loans	$	3,669	$	—	$	—	$	3,669
Number of delinquent commercial mortgage loans	4		—		—		4

Schedule of Information Regarding Impaired Loans

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

			Unpaid				Average		Interest		Cash Basis
	Recorded		Principal		Related		Recorded		Income		Interest
As of September 30, 2017	Investment		Balance		Allowance		Investment		Recognized		Income
	(Dollars In Thousands)
Commercial mortgage loans:
With no related allowance recorded	$	—	$	—	$	—	$	—	$	—	$	—
With an allowance recorded	1,924		1,924		1,055		1,924		18		27
As of December 31, 2016
Commercial mortgage loans:
With no related allowance recorded	$	—	$	—	$	—	$	—	$	—	$	—
With an allowance recorded	1,819		1,819		724		1,819		96		96

Schedule of Loans in Troubled Debt Restructuring

Mortgage loans that were modified in a troubled debt restructuring as of September 30, 2017 and December 31, 2016 were as follows:

	Number of Contracts	Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment
	(Dollars In Thousands)
As of September 30, 2017
Troubled debt restructuring:
Commercial mortgage loans	2	$	1,134	$	1,134
As of December 31, 2016
Troubled debt restructuring:
Commercial mortgage loans	1	$	468	$	468