Note 8 - Investments in Affiliates (Tables)

12 Months Ended

Dec. 31, 2011

Investment in Affiliates [Abstract]

Investments in and Advances to Affiliates [Table Text Block]

The following is a rollforward of our investment in Sherman prior to the sale and selected financial information for Sherman:

	Year Ended December 31,
(In thousands)	2010			2009
Sherman
Balance, beginning of period	$	121,424		$	99,656
Share of net income for period	14,590			33,226
Dividends received	(29,498		)	(11,040		)
Other comprehensive loss	(381		)	(418		)
Sale of ownership interest	(106,135		)	—
Balance, end of period	$	—		$	121,424
Portfolio Information:
Sherman
Total assets	n/a			$	1,913,296
Total liabilities	n/a			1,461,076

_____________

n/a—not applicable

(In thousands)	Year Ended December 31, 2009
Summary Income Statement:
Sherman
Income
Revenues from receivable portfolios—net of amortization	$	1,216,742
Other revenues	16,873
Derivative mark-to-market	12,071
Total revenues	1,245,686
Expenses
Operating and servicing expenses	515,125
Provision for loan losses	446,917
Interest	105,537
Other	42,542
Total expenses	1,110,121
Net income	$	135,565