XML 92 R14.htm IDEA: XBRL DOCUMENT v2.4.0.8
Receivables from and Payables to Others
 12 Months Ended
Dec. 31, 2013
Receivables from and Payables to Others  
Receivables from and Payables to Others

NOTE 7. Receivables from and Payables to Others

        Amounts Receivable from or Payable to others consisted of the following at December 31:

(In thousands)
  2013   2012  

Loan receivable

   $ 600   $ 600  

Loan receivable—reserve

     (400 )   —  

Insurance receivable

     209     —  

Management fees receivable

     185     189  

Loans and advances

     126     234  

Receivable from Homeward—transition services

     46     —  

Principal paydown—Agency mortgage-backed securities

     —     5,744  

Interest receivable

     —     4,370  

Others

     142     1,426  
           
​ ​ ​ ​ ​ ​ ​ ​

Total receivables from others

   $ 908   $ 12,563  
           
​ ​ ​ ​ ​ ​ ​ ​

Payable to employees for the Employee Investment Funds (Refer to Note 10)

   $ 939   $ 941  

Draft payables

     238     133  

Others

     691     1,177  
           
​ ​ ​ ​ ​ ​ ​ ​

Total payables to others

   $ 1,868   $ 2,251  
           
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​
           

        The Company maintains a group of "zero balance" bank accounts which are included in Payables to others on the Consolidated Statements of Financial Condition. Drafts payable represent the balance in these accounts related to outstanding checks that have not yet been presented for payment at the bank. The Company has sufficient funds on deposit to clear these checks, and these funds will be transferred to the "zero-balance" accounts upon presentment of these checks.