CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified	Dec. 31, 2011		Dec. 31, 2010
ASSETS
Cash and cash equivalents	$ 34,802		$ 46,597
Restricted cash	1,229		1,207
Portfolio Assets:
Loan portfolios, net of allowance for loan losses of $781 and $45,162, respectively	97,090		172,976
Real estate held for sale	26,856		36,126
Real estate held for investment, net			6,959
Total Portfolio Assets	123,946		216,061
Loans receivable:
Loans receivable - affiliates	6,719		16,781
Loans receivable - SBA held for sale	7,614		11,608
Loans receivable - SBA held for investment, net of allowance for loan losses of $333 and $365, respectively	19,151		15,415
Loans receivable - other, net of allowance for loan losses of $1,083	12,212		13,011
Total loans receivable, net	45,696		56,815
Investment securities available for sale	3,798		3,711
Investments in unconsolidated subsidiaries	109,393		107,209
Service fees receivable ($834 and $805 from affiliates, respectively)	913		897
Servicing assets - SBA loans	1,090		836
Assets held for sale	9,886
Other assets	25,593		27,071
Total Assets	356,346	[1]	460,404	[1]
Liabilities:
Notes payable to banks and other	189,936		293,034
Notes payable to affiliates			11,805
Liabilities associated with assets held for sale	5,317
Other liabilities	23,690		30,825
Total Liabilities	218,943	[2]	335,664	[2]
Commitments and contingencies (Note 21)
Stockholders' equity:
Optional preferred stock (par value $.01 per share; 98,000,000 shares authorized; no shares issued or outstanding)
Common stock (par value $.01 per share; 100,000,000 shares authorized; shares issued: 11,890,590 and 11,779,464, respectively; shares outstanding: 10,390,590 and 10,279,464, respectively)	119		118
Treasury stock, at cost: 1,500,000 shares	(10,923)		(10,923)
Paid in capital	106,330		105,038
Retained earnings (accumulated deficit)	18,391		(5,826)
Accumulated other comprehensive loss	(1,941)		(65)
FirstCity Stockholders' Equity	111,976		88,342
Noncontrolling interests	25,427		36,398
Total Equity	137,403		124,740
Total Liabilities and Equity	$ 356,346		$ 460,404

[1] Our consolidated assets at December 31, 2011 and December 31, 2010 include the following assets of certain variable interest entities ("VIEs") that can only be used to settle the liabilities of those VIEs: Cash and cash equivalents, $20.4 million and $29.8 million; Portfolio Assets, $98.4 million and $203.0 million; Loans receivable, $45.7 million and $56.8 million; Equity investments, $51.7 million and $67.3 million; various other assets, $35.9 million and $27.9 million; and Total assets, $252.2 million and $384.8 million, respectively.

[2] Our consolidated liabilities at December 31, 2011 and December 31, 2010 include the following VIE liabilities for which the VIE creditors do not have recourse to FirstCity: Notes payable, $70.2 million and $39.3 million; Other liabilities, $19.0 million and $23.4 million; and Total liabilities, $89.2 million and $62.7 million, respectively.