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Discontinued Operations (Details)
3 Months Ended
Mar. 31, 2013
Discontinued Operations  
Schedule of carrying amounts of the major classes of assets and liabilities of discontinued operations

 

 

March 31,

 

December 31,

 

 

 

2013

 

2012

 

 

 

 

 

 

 

Assets

 

 

 

 

 

Cash and cash equivalents

 

$

297

 

$

594

 

Restricted cash

 

1,273

 

1,154

 

Loans receivable - SBA held for sale

 

3,588

 

1,087

 

Loans receivable - SBA held for investment, net of allowance for loan losses of $559 and $518

 

20,392

 

19,372

 

Service fees receivable

 

58

 

55

 

Servicing assets - SBA loans

 

1,122

 

1,131

 

Other assets

 

709

 

750

 

Total Assets

 

$

27,439

 

$

24,143

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

Notes payable to bank

 

$

18,290

 

$

15,214

 

Other liabilities

 

1,606

 

1,450

 

Total Liabilities

 

$

19,896

 

$

16,664

 

Schedule of components of income from discontinued operations in the consolidated statements of earnings

American Business Lending, Inc.

Statements of Earnings

(Dollars in thousands)

 

 

 

March 31,

 

March 31,

 

 

 

2013

 

2012

 

 

 

 

 

 

 

Revenues

 

$

778

 

$

1,100

 

Costs and expenses

 

666

 

886

 

Earnings before income taxes

 

112

 

214

 

Income tax expense

 

1

 

1

 

Income from discontinued operations

 

$

111

 

$

213