Loans Receivable and Allowance for Losses (Tables)

6 Months Ended

Jun. 30, 2012

Loans Receivable And Allowance For Losses Tables

Schedule to changes in the allowance for loan losses

	Three Months			Six Months			Year Ended
	Ended June 30, 2012			Ended June 30, 2012			December 31, 2011
Balance, beginning of period	$	4,206		$	4,127		$	3,997
Provisions for loan loss		(240	)		(136	)		1,487
Chargeoffs		(35	)		(47	)		(1,279	)
Accretion of allowance related to
restructured loans	$	(10	)		(23	)		(78	)
Balance, end of period	$	3,921		$	3,921		$	4,127

Schedule of nonperforming loans

	June 30		December 31		June 30
	2012		2011		2011
Impaired loans with an allowance for loan loss	$	12,632	$	18,168	$	19,925
Impaired loans without an allowance for loan loss		7,105		4,774		4,398
Total impaired loans	$	19,737	$	22,942	$	24,323
Allowance for loan losses related to impaired loans	$	2,895	$	3,064	$	2,186
Total non-accrual loans	$	19,514	$	22,942	$	24,323
Total loans past due 90 days or more and still accruing		--		--		--

Schedule of impaired financing receivables

Loans and Allowance for Loan Losses (by segment)
As of
	June 30, 2012		December 31, 2011
Loans:
Balance	$	162,219	$	170,920
Individually evaluated
for impairment	$	19,737	$	22,942
Collectively
evaluated for impairment	$	142,482	$	147,978
Allowance for loan losses:
Balance	$	3,921	$	4,127
Individually evaluated
for impairment	$	2,895	$	3,064
Collectively
evaluated for impairment	$	1,026	$	1,063

Schedule of loan portfolio credit quality indicators by loan class

Credit Quality Indicators (by class)
As of June 30, 2012
	Wholly-Owned First		Wholly-Owned Junior		Participation First		Participation Junior		Total
Grade:
Pass	$	87,669	$	2,357	$	36,991	$	1,006	$	128,023
Watch		5,802		3,798		8,747		-		18,347
Substandard		4,078		3,886		-		-		7,964
Doubtful		5,038		-		2,847		-		7,885
Loss		-		-		-		-		-
Total	$	102,587	$	10,041	$	48,585	$	1,006	$	162,219

Credit Quality Indicators (by class)
As of June 30, 2011
	Wholly-Owned First		Wholly-Owned Junior		Participation First		Participation Junior		Total
Grade:
Pass	$	95,705	$	11,978	$	41,634	$	-	$	149,317
Watch		4,865		3,180		4,922		1,006		13,973
Substandard		8,345		1,387		-		-		9,732
Doubtful		-		-		6,546		-		6,546
Loss		-		-		-		-		-
Total	$	108,915	$	16,545	$	53,102	$	1,006	$	179,568

Schedule of Age Analysis of Past Due Loans by class

Age Analysis of Past Due Loans (by class)
As of June 30, 2012
													Recorded
					Greater								Investment
	30-59 Days		60-89 Days		Than		Total				Total		90 Days or more
	Past Due		Past Due		90 Days		Past Due		Current		Loans		and Accruing
Church loans:
Wholly-Owned First	$	5,470	$	959	$	814	$	7,243	$	95,344	$	102,587	$	-
Wholly-Owned Junior		3,812		-		-		3,812		6,230		10,042		-
Participation First		-		-		2,611		2,611		45,973		48,584		-
Participation Junior		-		-		-		-		1,006		1,006		-
Total	$	9,282	$	959	$	3,425	$	13,666	$	148,553	$	162,219	$	-

Age Analysis of Past Due Loans (by class)
As of June 30, 2011
													Recorded
					Greater								Investment
	30-59 Days		60-89 Days		Than		Total				Total		90 Days or more
	Past Due		Past Due		90 Days		Past Due		Current		Loans		and Accruing
Church loans:
Wholly-Owned First	$	6,038	$	-	$	4,235	$	10,273	$	98,642	$	108,915	$	-
Wholly-Owned Junior		3,887		-		722		4,609		11,936		16,545		-
Participation First		-		-		6,546		6,546		46,556		53,102		-
Participation Junior		-		-		-		-		1,006		1,006		-
Total	$	9,925	$	-	$	11,503	$	21,428	$	158,140	$	179,568	$	-

Schedule of Loans on Nonaccrual Status (by class)

Impaired Loans (by class)
As of June 30, 2012
			Unpaid				Average		Interest
	Recorded		Principal		Related		Recorded		Income
	Investment		Balance		Allowance		Investment		Recognized
With no related allowance recorded:
Church loans:
Wholly-Owned First	$	4,112	$	4,489	$	-	$	4,162	$	57
Wholly-Owned Junior		217		223		-		217		6
Participation First		2,611		2,744		-		2,633		-
Participation Junior		-		-		-		-		-
With an allowance recorded:
Church loans:
Wholly-Owned First		8,402		8,796		2,531		8,417		97
Wholly-Owned Junior		3,601		3,671		345		3,595		67
Participation First		235		254		19		609		-
Participation Junior		-		-		-		-		-
Total:
Church loans	$	19,178	$	20,177	$	2,895	$	19,633	$	227

Impaired Loans (by class)
For the Year Ended December 31, 2011
			Unpaid				Average		Interest
	Recorded		Principal		Related		Recorded		Income
	Investment		Balance		Allowance		Investment		Recognized
With no related allowance recorded:
Church loans:
Wholly-Owned First	$	1,678	$	1,685	$	-	$	1,691	$	98
Wholly-Owned Junior		-		434		-		-		-
Participation First		2,655		2,655		-		2,699		-
Participation Junior		-		-		-		-		-
With an allowance recorded:
Church loans:
Wholly-Owned First		11,893		12,587		1,773		12,053		254
Wholly-Owned Junior		4,511		4,603		1,111		4,520		146
Participation First		978		978		180		983		-
Participation Junior		-		-		-		-		-
Total:
Church loans	$	21,715	$	22,942	$	3,064	$	21,946	$	498

A summary of nonaccrual loans by loan class at June 30, 2012 and December 31, 2011 is as follows (dollars in thousands):

Loans on Nonaccrual Status (by class)
As of June 30, 2012
Church loans:
Wholly-Owned First	$	13,004
Wholly-Owned Junior		3,663
Participation First		2,847
Participation Junior		-
Total	$	19,514

Loans on Nonaccrual Status (by class)
As of December 31, 2011
Church loans:
Wholly-Owned First	$	14,272
Wholly-Owned Junior		5,037
Participation First		3,633
Participation Junior		-
Total	$	22,942

Schedule troubled debt restructurings by loan class

Troubled Debt Restructurings (by class)
As of June 30, 2012
			Pre-Modification Outstanding		Post-Modification Outstanding		Recorded
	Number of Loans		Recorded Investment		Recorded Investment		Investment At Period End
Church loans:
Wholly-Owned First		1	$	2,096	$	2,096	$	2,078
Wholly-Owned Junior		1		430		430		426
Participation First		-		-		-		-
Participation Junior		-		-		-		-
Total		2	$	2,526	$	2,526	$	2,504

Troubled Debt Restructurings (by class)
As of June 30, 2011
			Pre-Modification Outstanding		Post-Modification Outstanding		Recorded
	Number of Loans		Recorded Investment		Recorded Investment		Investment At Period End
Church loans:
Wholly-Owned First		2	$	4,849	$	4,849	$	4,809
Wholly-Owned Junior		1		433		433		433
Participation First		-		-		-		-
Participation Junior		-		-		-		-
Total		3	$	5,282	$	5,282	$	5,242

Troubled Debt Restructurings Defaulted (by class)
During the three months ended June 30, 2012
	Number of		Recorded
	Loans		Investment
Troubled debt restructurings that subsequently defaulted:
Church loans:
Wholly-Owned First		1	$	2,078
Wholly-Owned Junior		1		426
Participation First		-		-
Participation Junior		-		-
Total:
Church loans		2	$	2,504

Troubled Debt Restructurings Defaulted (by class)
During the six months ended June 30, 2012
	Number of		Recorded
	Loans		Investment
Troubled debt restructurings that subsequently defaulted:
Church loans:
Wholly-Owned First		1	$	2,078
Wholly-Owned Junior		1		426
Participation First		1		236
Participation Junior		-		-
Total:
Church loans		3	$	2,740

Troubled Debt Restructurings Defaulted (by class)
During the three months ended June 30, 2011
	Number of		Recorded
	Loans		Investment
Troubled debt restructurings that subsequently defaulted:
Church loans:
Wholly-Owned First		2	$	3,963
Wholly-Owned Junior		-		-
Participation First		-		-
Participation Junior		-		-
Total:
Church loans		2	$	3,963

Troubled Debt Restructurings Defaulted (by class)
During the six months ended June 30, 2011
	Number of		Recorded
	Loans		Investment
Troubled debt restructurings that subsequently defaulted:
Church loans:
Wholly-Owned First		5	$	8,617
Wholly-Owned Junior		2		1,121
Participation First		-		-
Participation Junior		-		-
Total:
Church loans		7	$	9,738