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MORTGAGE LOANS (Tables)
 12 Months Ended
Dec. 31, 2017
MORTGAGE LOANS  
Schedule of the breakdown of the commercial mortgage loan portfolio by property type
The following table includes a breakdown of the Company's commercial mortgage loan portfolio by property type as of December 31, 2017 (Successor Company):
Type
Percentage of
Mortgage Loans
on Real Estate
Retail
52.1
%
Office Buildings
10.9

Apartments
8.8

Warehouses
10.4

Senior housing
13.7

Other
4.1

 
100.0
%
Schedule of mortgage loans by location of properties
Approximately 64.4% of the mortgage loans are on properties located in the following states:
State
Percentage of
Mortgage Loans
on Real Estate
Alabama
9.6
%
Florida
9.4

Texas
8.4

Georgia
7.9

Ohio
5.5

Tennessee
5.3

California
5.2

South Carolina
3.3

North Carolina
4.9

Utah
4.9

 
64.4
%
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
 
As of
December 31, 2017
 
As of
December 31, 2016
 
(Dollars In Thousands)
Beginning balance
$
724

 
$
—

Charge offs
(6,708
)
 
(4,682
)
Recoveries
(731
)
 
—

Provision
6,715

 
5,406

Ending balance
$
—

 
$
724
Schedule of an analysis of the delinquent loans
An analysis of the delinquent loans is shown in the following chart:
 
30 - 59 Days
Delinquent
 
60 - 89 Days
Delinquent
 
Greater than 90 Days
Delinquent
 
Total
Delinquent
 
(Dollars In Thousands)
Successor Company
 
 
 
 
 
 
 
As of December 31, 2017
 

 
 

 
 

 
 

Commercial mortgage loans
$
1,817

 
$
—

 
$
—

 
$
1,817

Number of delinquent commercial mortgage loans
2

 
—

 
—

 
2

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:
 
Recorded
Investment
 
Unpaid
Principal
Balance
 
Related
Allowance
 
Average
Recorded
Investment
 
Interest
Income
Recognized
 
Cash Basis
Interest
Income
 
(Dollars In Thousands)
Successor Company
 

 
 

 
 

 
 

 
 

 
 

As of December 31, 2017
 
 
 
 
 
 
 
 
 
 
 
Commercial mortgage loans:
 

 
 

 
 

 
 

 
 

 
 

With no related allowance recorded
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

With an allowance recorded
—

 
—

 
—

 
—

 
—

 
—

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 mortgage loans that were modified in a troubled debt restructuring
Mortgage loans that were modified in a troubled debt restructuring as of December 31, 2017 (Successor Company) were as follows:
 
Number of
Contracts
 
Pre-Modification
Outstanding
Recorded
Investment
 
Post-Modification
Outstanding
Recorded
Investment
 
(Dollars In Thousands)
Successor Company
 
 
 
 
 
As of December 31, 2017
 
 
 

 
 

Troubled debt restructuring:
 
 
 
 
 
Commercial mortgage loans
1
 
$
418

 
$
418