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SCHEDULE IV
12 Months Ended
Dec. 31, 2015
Mortgage Loans on Real Estate [Abstract]  
SCHEDULE IV
SCHEDULE IV
MORTGAGE LOANS ON REAL ESTATE
December 31, 2015

 
Number of Loans
 
Interest
Rate
 
 
Maturity Date
 
Periodic
Payment Terms
First mortgage loans:
 
 
 
 
 
 
 
 
JCB Limited - California
1
 
5.25
%
 
 
October 2017
 
Principal and interest due monthly
JCB Limited - California
1
 
5.25
%
 
 
October 2017
 
Principal and interest due monthly
Total mortgage loans (a)
2
 
 

 
 
 
 
 

 
Face Amount
of Mortgages
Dec. 31, 2015
 
Carrying
Amount of
Mortgages
 
Principal
Amount of Loans
Subject to Delinquent
Principal or Interest (b)
 
(In thousands)
First mortgage loans:
 
 
 
 
 
JCB Limited - California
$
1,977

 
1,977

 

JCB Limited - California
2,898

 
2,898

 

Total mortgage loans
$
4,875

 
4,875
 (c)(d)
 

 

(a)
Reference is made to allowance for possible losses on mortgage loans receivable in the Notes to Consolidated Financial Statements.
(b)
Interest in arrears for three months or less is disregarded in computing principal amount of loans subject to delinquent interest.
(c)
Changes in mortgage loans follow:
 
Years Ended December 31,
2015
 
2014
 
2013
(In thousands)
Balance at beginning of year
$
4,991

 
8,870

 
9,323

Advances on mortgage loans receivable

 

 

Payments on mortgage loans receivable
(116
)
 
(3,902
)
 
(463
)
Amortization of discount on mortgage loan receivable

 
23

 
10

Balance at end of year
$
4,875

 
4,991

 
8,870


 
(d)  The aggregate cost for federal income tax purposes is approximately $4.88 million.  The federal income tax return for the year ended December 31, 2015, has not been filed and, accordingly, the income tax basis of mortgage loans as of December 31, 2015, is based on preliminary data.



See accompanying Report of Independent Registered Public Accounting Firm on Financial Statement Schedules.