Loans Receivable (Tables)

3 Months Ended

Mar. 31, 2013

Loans Receivable

Loans receivable

Schedule of loans receivable

	March 31,		December 31,
	2013		2012
	(Dollars in thousands)
Domestic:
Commercial loans:
Affiliates	$	6,522	$	6,584
Other, net of allowance for loan losses of of $-0- and $1,083	5,168		7,530
Total loans, net	$	11,690	$	14,114

Loans Held for Investment

Loans receivable

Schedule of activity in the allowance for loan losses by portfolio of loans held for investment

	Allowance for Loan Losses:
(Dollars in thousands)	Affiliates		Other			Total
Balance, January 1, 2013	$	—	$	1,083		$	1,083
Provisions	—		—			—
Recoveries	—		(48		)	(48		)
Charge-offs	—		(1,035		)	(1,035		)
Balance, March 31, 2013	$	—	$	—		$	—
Balance, January 1, 2012	$	—	$	1,083		$	1,083
Provisions	—		—			—
Recoveries	—		—			—
Charge-offs	—		—			—
Balance, March 31, 2012	$	—	$	1,083		$	1,083

Analysis of the allowance for loan losses and recorded investment

	Commercial Loans:
(Dollars in thousands)	Affiliates		Other		Total
March 31, 2013:
Loans individually evaluated for impairment	$	6,522	$	5,168	$	11,690
Loans collectively evaluated for impairment	—		—		—
Total loans evaluated for impairment (excluding loans held for sale)	$	6,522	$	5,168	$	11,690
Allowance for loans individually evaluated for impairment	$	—	$	—	$	—
Allowance for loans collectively evaluated for impairment	—		—		—
Total allowance for loan losses	$	—	$	—	$	—
December 31, 2012:
Loans individually evaluated for impairment	$	6,584	$	8,613	$	15,197
Loans collectively evaluated for impairment	—		—		—
Total loans evaluated for impairment (excluding loans held for sale)	$	6,584	$	8,613	$	15,197
Allowance for loans individually evaluated for impairment	$	—	$	1,083	$	1,083
Allowance for loans collectively evaluated for impairment	—		—		—
Total allowance for loan losses	$	—	$	1,083	$	1,083

Schedule of recorded investment in loans (excluding loans held for sale) by credit quality indicator

(Dollars in thousands)	Accrual		Non-Accrual		Total
March 31, 2013:
Affiliates - commercial loans	$	3,260	$	3,262	$	6,522
Other - commercial loans (1)	3,299		1,869		5,168
	$	6,559	$	5,131	$	11,690
Total loans (excluding loans held for sale)					$	11,690
(Dollars in thousands)	Accrual		Non-Accrual		Total
December 31, 2012:
Affiliates - commercial loans	$	3,323	$	3,261	$	6,584
Other - commercial loans (1)	3,484		5,129		8,613
	$	6,807	$	8,390	$	15,197
Total loans (excluding loans held for sale)					$	15,197

(1) Represents loans made to U.S. non-affiliated entities that are secured primarily by business assets (as disclosed previously under the heading “Loans receivable — other” of this footnote).

Schedule of aging analysis of recorded investment in loans held for investment

	Loans Past Due and Still Accruing
	31-60		61-90		Over				Non-Accrual		Current		Total
(Dollars in thousands)	Days		Days		90 Days		Total		Loans		Loans		Loans
March 31, 2013:
Commercial loans:
Affiliates	$	—	$	—	$	—	$	—	$	3,262	$	3,260	$	6,522
Other	—		—		—		—		1,869		3,299		5,168
Total loans (excluding loans held for sale)	$	—	$	—	$	—	$	—	$	5,131	$	6,559	$	11,690
December 31, 2012:
Commercial loans:
Affiliates	$	—	$	—	$	—	$	—	$	3,261	$	3,323	$	6,584
Other	—		—		—		—		5,129		3,484		8,613
Total loans (excluding loans held for sale)	$	—	$	—	$	—	$	—	$	8,390	$	6,807	$	15,197

Schedule of additional information regarding impaired loans

	Recorded Investment In:
	Impaired		Impaired
	Loans		Loans								Average
	Without a		With a		Total		Unpaid		Related		Impaired
	Related		Related		Impaired		Principal		Valuation		Loans for
(Dollars in thousands)	Allowance		Allowance		Loans		Balance		Allowance		the Year
March 31, 2013:
Commercial loans:
Affiliates	$	—	$	—	$	—	$	—	$	—	$	—
Other	1,869		—		1,869		3,817		—		3,474
Total loans (excluding loans held for sale)	$	1,869	$	—	$	1,869	$	3,817	$	—	$	3,474
December 31, 2012:
Commercial loans:
Affiliates	$	—	$	—	$	—	$	—	$	—	$	—
Other	2,159		2,970		5,129		7,027		1,083		6,984
Total loans (excluding loans held for sale)	$	2,159	$	2,970	$	5,129	$	7,027	$	1,083	$	6,984

Affiliates

Loans receivable

Schedule of loans receivable

	March 31,		December 31,
	2013		2012
	(Dollars in thousands)
Outstanding balance	$	6,141	$	6,203
Discounts, net	—		—
Capitalized interest	381		381
Carrying amount of loans, net	$	6,522	$	6,584

Schedule of changes in loans receivable

	Three Months Ended
	March 31,
	2013			2012
	(Dollars in thousands)
Beginning Balance	$	6,584		$	6,719
Advances	—			—
Payments received	(62		)	(128		)
Capitalized costs, net	—			64
Discount accretion, net	—			22
Ending Balance	$	6,522		$	6,677

Other

Loans receivable

Schedule of loans receivable

	March 31,			December 31,
	2013			2012
	(Dollars in thousands)
Outstanding balance	$	5,414		$	8,859
Allowance for loan losses	—			(1,083		)
Capitalized interest and costs	(246		)	(246		)
Carrying amount of loans, net	$	5,168		$	7,530

Schedule of changes in loans receivable

	Three Months Ended
	March 31,
	2013			2012
	(Dollars in thousands)
Beginning Balance	$	7,530		$	12,212
Advances	—			379
Payments received	(2,410		)	(2,462		)
Change in allowance for loan losses	1,083			—
Charge-offs	(1,035		)	—
Ending Balance	$	5,168		$	10,129