View Filing Data

Document and Entity Information - shares	9 Months Ended
Document and Entity Information - shares	Sep. 30, 2012	Nov. 01, 2012
Document and Entity Information [Abstract]
Entity Registrant Name	PMC COMMERCIAL TRUST /TX
Entity Central Index Key	0000908311
Document Type	10-Q
Document Period End Date	Sep. 30, 2012
Amendment Flag	false
Document Fiscal Year Focus	2012
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		10,589,554

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2012	Dec. 31, 2011
Loans receivable, net:
Commercial mortgage loans receivable	$ 132,276	$ 133,327
SBIC commercial mortgage loans receivable	42,597	32,153
SBA 7(a) loans receivable, subject to secured borrowings	38,596	30,476
SBA 7(a) loans receivable	28,445	22,997
Commercial mortgage loans receivable, subject to structured notes payable		15,474
Loans receivable, net	241,914	234,427
Cash and cash equivalents	4,192	6,502
Real estate owned	995	1,259
Restricted cash and cash equivalents		2,233
Other assets	7,243	6,826
Total assets	254,344	251,247
Debt:
Secured borrowings - government guaranteed loans	41,287	32,546
Junior subordinated notes	27,070	27,070
SBIC debentures payable	17,187	13,181
Revolving credit facility	15,000	17,800
Structured notes payable		5,264
Debt	100,544	95,861
Borrower advances	6,536	3,863
Accounts payable and accrued expenses	2,989	2,095
Dividends payable	1,717	1,692
Total liabilities	111,786	103,511
Commitments and contingencies
Beneficiaries' equity:
Common shares of beneficial interest; authorized 100,000,000 shares of $0.01 par value; 11,125,883 and 11,110,883 shares issued at September 30, 2012 and December 31, 2011, respectively; 10,589,554 and 10,574,554 shares outstanding at September 30, 2012 and December 31, 2011, respectively	111	111
Additional paid-in capital	153,053	152,934
Net unrealized appreciation of retained interests in transferred assets	277	394
Cumulative net income	175,999	176,096
Cumulative dividends	(182,881)	(177,798)
Beneficiaries' equity before treasury stock	146,559	151,737
Less: Treasury stock; at cost, 536,329 shares at September 30, 2012 and December 31, 2011	(4,901)	(4,901)
Total beneficiaries' equity	141,658	146,836
Noncontrolling interests - cumulative preferred stock of subsidiary	900	900
Total equity	142,558	147,736
Total liabilities and equity	$ 254,344	$ 251,247

Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Sep. 30, 2012	Dec. 31, 2011
Consolidated Balance Sheets [Abstract]
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	11,125,883	11,110,883
Common stock, shares outstanding	10,589,554	10,574,554
Treasury stock, shares	536,329	536,329

Consolidated Statements of Income (Loss) (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Revenues:
Interest income	$ 3,561	$ 3,342	$ 10,392	$ 10,098
Premium income	796	242	1,187	801
Other income	507	225	1,036	813
Total revenues	4,864	3,809	12,615	11,712
Expenses:
Strategic alternatives	1,421	61	3,623	61
Salaries and related benefits	1,091	1,047	3,350	3,263
Interest	887	941	2,646	2,871
General and administrative	495	554	1,493	1,602
Provision for (reduction of) loan losses, net	53	(17)	646	362
Total expenses	3,947	2,586	11,758	8,159
Income before income tax benefit (provision) and discontinued operations	917	1,223	857	3,553
Income tax benefit (provision)	(272)	9	(311)	38
Income from continuing operations	645	1,232	546	3,591
Discontinued operations	(172)	(499)	(643)	(603)
Net income (loss)	$ 473	$ 733	$ (97)	$ 2,988
Weighted average shares outstanding:
Basic	10,590	10,575	10,584	10,569
Diluted	10,590	10,589	10,610	10,624
Basic and diluted earnings (loss) per share:
Income from continuing operations	$ 0.06	$ 0.12	$ 0.05	$ 0.34
Discontinued operations	(0.02)	(0.05)	(0.06)	(0.06)
Net income (loss)	$ 0.04	$ 0.07	$ (0.01)	$ 0.28

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Consolidated Statements of Comprehensive Income (Loss) [Abstract]
Net income (loss)	$ 473	$ 733	$ (97)	$ 2,988
Change in unrealized appreciation of retained interests in transferred assets:
Net unrealized appreciation (depreciation) arising during period	12	51	(28)	169
Net realized gains included in net income	(23)	(29)	(89)	(74)
Change in unrealized appreciation of retained interests in transferred assets	(11)	22	(117)	95
Comprehensive income (loss)	$ 462	$ 755	$ (214)	$ 3,083

- Definition

The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the reporting entity. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, but excludes any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent.

+ References + Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Net Income
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-Glossary Other Comprehensive Income
-URI http://asc.fasb.org/extlink&oid=6519514

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+ Details

Consolidated Statements of Equity (Unaudited) - USD ($) $ in Thousands	Total	Common Shares of Beneficial Interest Outstanding [Member]	Additional Paid-in Capital [Member]	Net Unrealized Appreciation of Retained Interests in Transferred Assets [Member]	Cumulative Net Income [Member]	Cumulative Dividends [Member]	Treasury Stock [Member]	Cumulative Preferred Stock of Subsidiary [Member]
Beginning Balance, shares at Dec. 31, 2010		10,559,554
Beginning Balance at Dec. 31, 2010	$ 150,560	$ 111	$ 152,756	$ 276	$ 172,449	$ (171,031)	$ (4,901)	$ 900
Net unrealized appreciation (depreciation)	95			95
Share-based compensation expense, shares		15,000
Share-based compensation expense	162		162
Dividends ($0.48 per share)	(5,075)					(5,075)
Net income (loss)	2,988				2,988
Ending Balance, shares at Sep. 30, 2011		10,574,554
Ending Balance at Sep. 30, 2011	$ 148,730	$ 111	152,918	371	175,437	(176,106)	(4,901)	900
Beginning Balance, shares at Dec. 31, 2011	10,574,554	10,574,554
Beginning Balance at Dec. 31, 2011	$ 147,736	$ 111	152,934	394	176,096	(177,798)	(4,901)	900
Net unrealized appreciation (depreciation)	(117)			(117)
Share-based compensation expense, shares		15,000
Share-based compensation expense	119		119
Dividends ($0.48 per share)	(5,083)					(5,083)
Net income (loss)	$ (97)				(97)
Ending Balance, shares at Sep. 30, 2012	10,589,554	10,589,554
Ending Balance at Sep. 30, 2012	$ 142,558	$ 111	$ 153,053	$ 277	$ 175,999	$ (182,881)	$ (4,901)	$ 900

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

- Definition

Tax effect of other comprehensive income (loss) attributable to both parent entity and noncontrolling interest.

+ References

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-Section 02
-Paragraph 31
-Article 5

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Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Article 3

+ Details

- Definition

Number of shares (or other type of equity) issued during the period as a result of any equity-based compensation plan other than an employee stock ownership plan (ESOP), net of any shares forfeited. Shares issued could result from the issuance of restricted stock, the exercise of stock options, stock issued under employee stock purchase plans, and/or other employee benefit plans.

+ References + Details

- Definition

Value of stock (or other type of equity) issued during the period as a result of any equity-based compensation plan other than an employee stock ownership plan (ESOP), net of stock value of such awards forfeited. Stock issued could result from the issuance of restricted stock, the exercise of stock options, stock issued under employee stock purchase plans, and/or other employee benefit plans.

+ References + Details

- Definition

Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity.

+ References + Details

Consolidated Statements of Equity (Unaudited) (Parenthetical) - $ / shares	9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
Cumulative Dividends [Member]
Dividends per share	$ 0.48	$ 0.48

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
Cash flows from operating activities:
Net income (loss)	$ (97)	$ 2,988
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Impairment losses	208	650
Net losses (gains) on sales of real estate	19	(570)
Deferred income taxes	(129)	(376)
Provision for loan losses, net	646	362
Unrealized premium adjustment	1,229	1,097
Amortization and accretion, net	(102)	(22)
Share-based compensation	119	162
Capitalized loan origination costs	(271)	(170)
Loans funded, held for sale	(20,724)	(17,107)
Proceeds from sale of guaranteed loans	11,969	8,631
Principal collected on loans	499	427
Loan fees remitted, net	(74)	(99)
Change in operating assets and liabilities:
Other assets	(240)	(401)
Borrower advances	2,673	586
Accounts payable and accrued expenses	815	(468)
Other liabilities	81	(49)
Net cash used in operating activities	(3,379)	(4,359)
Cash flows from investing activities:
Loans funded	(19,772)	(6,792)
Principal collected on loans	19,079	13,084
Principal collected on retained interests in transferred assets	82	102
Purchase of furniture and equipment	(11)	(31)
Proceeds from sales of real estate owned, net	678	111
Proceeds from unconsolidated subsidiary		1,373
Release of (investment in) restricted cash and cash equivalents	2,233	(3,093)
Net cash provided by investing activities	2,289	4,754
Cash flows from financing activities:
Proceeds from (repayment of) revolving credit facility, net	(2,800)	1,000
Payment of principal on structured notes payable	(5,264)	(5,156)
Proceeds from issuance of SBIC debentures	4,000	5,000
Proceeds from secured borrowings - government guaranteed loans	8,498	9,733
Payment of principal on secured borrowings - government guaranteed loans	(499)	(427)
Payment of borrowing costs	(97)	(326)
Payment of dividends	(5,058)	(5,072)
Net cash provided by (used in) financing activities	(1,220)	4,752
Net increase (decrease) in cash and cash equivalents	(2,310)	5,147
Cash and cash equivalents, beginning of year	6,502	2,642
Cash and cash equivalents, end of period	$ 4,192	$ 7,789

Basis of Presentation

9 Months Ended

Sep. 30, 2012

Basis of Presentation [Abstract]

Basis of Presentation

Note 1. Basis of Presentation:

The accompanying interim financial statements of PMC Commercial Trust (“PMC Commercial” or together with its wholly-owned subsidiaries, “we,” “us” or “our”) have not been audited by independent accountants. These consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statement presentation. In the opinion of management, the financial statements include all normal recurring adjustments necessary for a fair statement of the results for the interim period. All material intercompany balances and transactions have been eliminated. The results for the three and nine months ended September 30, 2012 are not necessarily indicative of future financial results. Therefore, these financial statements should be read in conjunction with the financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2011.

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect (1) the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and (2) the reported amounts of revenues and expenses during the period. Actual results could differ from those estimates. Our most sensitive estimates involve the valuation of our real estate owned and determination of loan loss reserves.

- Definition

The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure.

+ References

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-Number 94-6
-Paragraph 10
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-Name Accounting Research Bulletin (ARB)
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+ Details

Recently Issued Accounting Pronouncements

9 Months Ended

Sep. 30, 2012

Recently Issued Accounting Pronouncements [Abstract]

Recently Issued Accounting Pronouncements

Note 2. Recently Issued Accounting Pronouncements:

Accounting Standards Update (“ASU”) 2011-04, Fair Value Measurement (Topic 820); Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP was issued in May 2011. This ASU provides additional guidance on fair value measurements and requires additional fair value disclosures including quantitative and qualitative information for recurring Level 3 fair value measurements. In addition, entities must report the level in the fair value hierarchy of assets and liabilities not recorded at fair value but where fair value is disclosed. This ASU was effective for interim and annual periods beginning on or after December 15, 2011.

- Definition

The entire disclosure for reporting accounting changes and error corrections. It includes the conveyance of information necessary for a user of the Company's financial information to understand all aspects and required disclosure information concerning all changes and error corrections reported in the Company's financial statements for the period.

+ References + Details

Loans Receivable, net

9 Months Ended

Sep. 30, 2012

Loans Receivable, net [Abstract]

Loans Receivable, net

Note 3. Loans Receivable, net:

Loans receivable, net, consisted of the following:


	September 30,			December 31,
	2012			2011
	(In thousands)
Commercial mortgage loans	$	134,155		$	134,835
SBIC commercial mortgage loans		42,886			32,416
SBA 7(a) loans, subject to secured borrowings		38,150			30,151
SBA 7(a) loans		28,488			23,238
Commercial mortgage loans, subject to structured notes payable (1)		—			15,474

Total loans receivable		243,679			236,114
Adjusted by:
Deferred capitalized costs, net		302			125
Loan loss reserves		(2,067	)		(1,812	)

Loans receivable, net	$	241,914		$	234,427

(1)

The structured notes were repaid on February 15, 2012.

Commercial mortgage loans

Represents the loans held by the parent company, PMC Commercial Trust.

SBIC commercial mortgage loans

Represents loans of our licensed Small Business Investment Company (“SBIC”) subsidiaries.

SBA 7(a) loans, subject to secured borrowings

Represents the government guaranteed portion of loans which were sold with the proceeds received from the sale reflected as secured borrowings – government guaranteed loans (a liability on our consolidated balance sheet). There is no credit risk associated with these loans since the SBA has guaranteed payment of the principal; therefore, no loan loss reserves are recorded on the $38.2 million and $30.2 million, respectively of government guaranteed portions of these SBA 7(a) loans included in loans receivable at September 30, 2012 and December 31, 2011.

SBA 7(a) loans

Represents the non-government guaranteed retained portion of loans originated under the SBA 7(a) program and the government guaranteed portion of loans that have not yet been fully funded or sold. The balance is net of retained loan discounts of $1.9 million and $1.6 million at September 30, 2012 and December 31, 2011, respectively.

Commercial mortgage loans, subject to structured notes payable

Represented loans contributed to a special purpose entity in exchange for a subordinated financial interest in that entity. The collateral of the structured notes payable included these loans. The structured notes were repaid on February 15, 2012.

Concentration Risks

We have certain concentrations of investments. Substantially all of our revenue is generated from loans collateralized by hospitality properties. At both September 30, 2012 and December 31, 2011, our loans were 94% concentrated in the hospitality industry. Any economic factors that negatively impact the hospitality industry, including recessions, depressed commercial real estate markets, travel restrictions, gasoline prices, bankruptcies or other political or geopolitical events, could have a material adverse effect on our financial condition and results of operations.

At September 30, 2012 and December 31, 2011, 16% and 18%, respectively, of our loans were collateralized by properties in Texas. No other state had a concentration of 10% or greater of our loans receivable at September 30, 2012 or December 31, 2011. A decline in economic conditions in any state in which we have a concentration of investments could have a material adverse effect on our financial condition and results of operations.

We have not loaned more than 10% of our assets to any single borrower; however, we have an affiliated group of obligors representing approximately 5% of our loans receivable at both September 30, 2012 and December 31, 2011. Any decline in the financial status of this group could have a material adverse effect on our financial condition and results of operations.

Aging

The following tables represent an aging of our Loans Receivable Subject to Credit Risk (loans receivable less SBA 7(a) loans, subject to secured borrowings as the SBA has guaranteed payment of the principal). Balances are prior to loan loss reserves and deferred capitalized costs, net.


September 30, 2012
Category	Totals				Commercial Mortgage Loans				SBA 7(a) Loans
	(Dollars in thousands)
Current (1)	$	205,503	100.0	%	$	177,041	100.0	%	$	28,462	99.9	%
Between 30 and 59 days delinquent		—	—			—	—			—	—
Between 60 and 89 days delinquent		26	—			—	—			26	0.1	%
Over 89 days delinquent		—	—			—	—			—	—

	$	205,529	100.0	%	$	177,041	100.0	%	$	28,488	100.0	%

(1)

Includes $13.1 million of loans classified as troubled debt restructurings which were current at September 30, 2012 based on revised note terms.


December 31, 2011
Category	Totals				Commercial Mortgage Loans				SBA 7(a) Loans
	(Dollars in thousands)
Current (1)	$	202,217	98.2	%	$	179,497	98.2	%	$	22,720	97.7	%
Between 30 and 59 days delinquent		1,224	0.6	%		1,090	0.6	%		134	0.6	%
Between 60 and 89 days delinquent		696	0.3	%		696	0.4	%		—	—
Over 89 days delinquent (2)		1,826	0.9	%		1,442	0.8	%		384	1.7	%

	$	205,963	100.0	%	$	182,725	100.0	%	$	23,238	100.0	%

(1)

Includes $6.3 million of loans classified as troubled debt restructurings which were current based on revised note terms. Of these loans, $5.6 million are paying interest only.

(2)

Includes a $1.4 million loan on which the borrower filed for Chapter 11 Bankruptcy. We were classified as a secured creditor in the bankruptcy proceeding.

Loan Loss Reserves

We have a quarterly review process to identify and evaluate potential exposure to loan losses. Loans that require specific identification review are identified based on one or more negative characteristics including, but not limited to, non-payment or lack of timely payment of interest and/or principal, non-payment or lack of timely payment of property taxes for an extended period of time, insurance defaults and/or franchise defaults, including, but not limited to, non-completion of required property improvement plans and non-payment of franchise fees due to insufficient funds. The specific identification evaluation begins with an evaluation of the estimated fair value of the loan. In determining estimated fair value, management utilizes the present value of the expected future cash flows discounted at the loan’s effective interest rate and/or an estimation of underlying collateral values using appraisals, broker price opinions, tax assessed value and/or revenue analysis. Management uses appraisals as tools in conjunction with other determinants of collateral value to estimate collateral values, not as the sole determinant of value. The property valuation takes into consideration current information on property values in general and value changes in commercial real estate and/or hospitality properties. The probability of liquidation is then determined. These probability determinations include macroeconomic factors, the location of the property and economic environment where the property is located, industry specific factors, our historical experience with similar borrowers and/or individual borrower or collateral characteristics, and in certain circumstances, the financial strength of the guarantors. The liquidation probability is then applied to the identified loss exposure to determine the general or specific reserve for that loan and the ultimate determination as to whether it is considered impaired.

Management closely monitors our loans which require evaluation for loan loss reserves based on specific criteria which classify the loans into three categories: Doubtful, Substandard and Other Assets Especially Mentioned (“OAEM”) (together “Specific Identification Loans”). Loans classified as Doubtful are generally loans which are not complying with their contractual terms, the collection of the balance of the principal is considered impaired and liquidation of the collateral securing the loan is probable. These loans are typically placed on non-accrual status and are generally in the foreclosure process. Loans classified as Substandard are generally those loans that are either not complying or had previously not complied with their contractual terms and have other credit weaknesses which may make payment default or principal exposure likely but not yet certain. Loans classified as OAEM are generally loans for which the credit quality of the borrowers has temporarily deteriorated. Typically these borrowers, whose loans are classified as OAEM, are current on their payments; however, they may be delinquent on their property taxes, insurance, or franchise fees or may be under agreements which provided for interest only payments during a short period of time.

Management has classified our Loans Receivable Subject to Credit Risk as follows (balances represent our investment in the loans prior to loan loss reserves and deferred capitalized costs):


	September 30, 2012
	Totals		%			Commercial Mortgage Loans		%			SBA 7(a) Loans		%
	(Dollars in thousands)
Satisfactory	$	183,430		89.3	%	$	155,388		87.8	%	$	28,042		98.4	%
OAEM		10,075		4.9	%		9,993		5.6	%		82		0.3	%
Substandard		11,999		5.8	%		11,660		6.6	%		339		1.2	%
Doubtful		25		0.0	%		—		—			25		0.1	%

	$	205,529		100.0	%	$	177,041		100.0	%	$	28,488		100.0	%


	December 31, 2011
	Totals		%			Commercial Mortgage Loans		%			SBA 7(a) Loans		%
	(Dollars in thousands)
Satisfactory	$	189,836		92.2	%	$	167,397		91.6	%	$	22,439		96.5	%
OAEM		3,354		1.6	%		3,317		1.8	%		37		0.2	%
Substandard		10,790		5.2	%		10,569		5.8	%		221		1.0	%
Doubtful		1,983		1.0	%		1,442		0.8	%		541		2.3	%

	$	205,963		100.0	%	$	182,725		100.0	%	$	23,238		100.0	%

Our provision for loan losses (excluding reductions of loan losses and recoveries) as a percentage of our weighted average outstanding Loans Receivable Subject To Credit Risk was 0.60% and 0.30% during the nine months ended September 30, 2012 and 2011, respectively. The increase during the nine months ended September 30, 2012 is primarily due to provisions for loan loss on commercial mortgage loans collateralized by limited service hospitality properties classified as troubled debt restructurings. To the extent one or several of our borrowers experience significant operating difficulties and we are forced to liquidate the collateral underlying the loan, future losses may be substantial.

The activity in our loan loss reserves was as follows:


	Nine Months Ended September 30, 2012
	Total			Commercial Mortgage Loans			SBA 7(a) Loans
	(In thousands)
Balance, beginning of year	$	1,812		$	1,329		$	483
Provision for loan losses		1,203			1,103			100
Reduction of loan losses		(149	)		(115	)		(34	)
Recoveries		(408	)		(408	)		—
Principal balances written-off, net		(391	)		(219	)		(172	)

Balance, end of period	$	2,067		$	1,690		$	377

Recoveries represent cash proceeds from collections on personal loan guarantees to the extent there is a deficiency after foreclosure of the real property collateral and to the extent cash received does not exceed realized losses taken on the property.


	Nine Months Ended September 30, 2011
	Total			Commercial Mortgage Loans			SBA 7(a) Loans
	(In thousands)
Balance, beginning of year	$	1,609		$	1,303		$	306
Provision for loan losses		628			246			382
Reduction of loan losses		(266	)		(241	)		(25	)
Principal balances written-off		(144	)		(17	)		(127	)

Balance, end of period	$	1,827		$	1,291		$	536

Information on those loans considered to be impaired loans was as follows:


	September 30, 2012						December 31, 2011
	Total		Commercial Mortgage Loans		SBA 7(a) Loans		Total		Commercial Mortgage Loans		SBA 7(a) Loans
	(In thousands)
Impaired loans requiring reserves (1)	$	10,123	$	10,098	$	25	$	7,411	$	7,027	$	384
Impaired loans expected to be fully recoverable (1)		3,124		2,146		978		846		689		157

Total impaired loans (2)	$	13,247	$	12,244	$	1,003	$	8,257	$	7,716	$	541

Loan loss reserves	$	701	$	676	$	25	$	563	$	372	$	191

(1)

Balances represent our recorded investment and include loans classified as troubled debt restructurings.

(2)

The unpaid principal balance of our impaired commercial mortgage loans was $12,717,000 and $7,940,000 at September 30, 2012 and December 31, 2011, respectively. The unpaid principal balance of our impaired SBA 7(a) loans (excluding the government guaranteed portion) was $366,000 and $593,000 at September 30, 2012 and December 31, 2011, respectively.


	Three Months Ended September 30, 2012						Three Months Ended September 30, 2011
	Total		Commercial Mortgage Loans		SBA 7(a) Loans		Total		Commercial Mortgage Loans		SBA 7(a) Loans
	(In thousands)
Average impaired loans	$	9,885	$	8,799	$	1,086	$	9,420	$	8,744	$	676

Interest income on impaired loans	$	88	$	84	$	4	$	28	$	26	$	2


	Nine Months Ended September 30, 2012						Nine Months Ended September 30, 2011
	Total		Commercial Mortgage Loans		SBA 7(a) Loans		Total		Commercial Mortgage Loans		SBA 7(a) Loans
	(In thousands)
Average impaired loans	$	8,788	$	8,083	$	705	$	8,504	$	7,952	$	552

Interest income on impaired loans	$	277	$	266	$	11	$	228	$	213	$	15

Our recorded investment in Non-Accrual Loans at September 30, 2012 of $2,284,000 was comprised of an $855,000 SBA

7(a) loan and a $1,429,000 commercial mortgage loan. Included within the non-accrual SBA 7(a) loan at September 30, 2012 is the government guaranteed portion of $634,000 (i.e., the loan has a related secured borrowing as it was sold as a hybrid) on which we have no credit loss exposure. Our recorded investment in Non-Accrual Loans at December 31, 2011 of $1,820,000 was comprised of $384,000 of SBA 7(a) loans and $1,436,000 of commercial mortgage loans. We did not have any loans receivable past due 90 days or more which were accruing interest at September 30, 2012 or December 31, 2011.

Information on our troubled debt restructurings which consisted of eight commercial mortgage loans and one SBA 7(a) loan was as follows at September 30, 2012:


	Commercial Mortgage Loans				SBA 7(a) Loan
			Unpaid				Unpaid
	Recorded		Principal		Recorded		Principal
	Investment		Balance		Investment		Balance
	(In thousands)
Troubled debt restructurings requiring reserves	$	10,098	$	10,521	$	854	$	845
Troubled debt restructurings without reserves (1)		2,146		2,197		—		—

Total troubled debt restructurings	$	12,244	$	12,718	$	854	$	845

Loan loss reserves	$	676			$	12

(1)

The SBA 7(a) loan recorded investment and unpaid principal balance includes the government guaranteed portion of $634,000 on which we have no credit loss exposure.

Loans with a recorded investment at September 30, 2012 of $4.8 million were modified voluntarily under agreements to allow extended interest only periods instead of the principal and interest payments required by the notes. In addition, loans with a recorded investment at September 30, 2012 of $6.0 million were modified involuntarily through Chapter 11 bankruptcy proceedings. The bankruptcy plans were confirmed with modified terms including extended interest only and amortization periods or modification of timing of payments combined with interest rate adjustments.

- Definition

The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=7512638&loc=d3e5066-111524

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.3,4)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=7512638&loc=d3e5162-111524

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(k))
-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=7512638&loc=d3e5074-111524

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Statement of Position (SOP)
-Number 01-6
-Paragraph 13
-Subparagraph d
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 3, 4
-Article 5

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 03
-Paragraph 7
-Article 9

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph k
-Article 4

+ Details

Other Assets

9 Months Ended

Sep. 30, 2012

Other Assets [Abstract]

Other Assets

Note 4. Other Assets:

Other assets consisted of the following:


	September 30,		December 31,
	2012		2011
	(In thousands)
Deferred tax asset, net	$	1,538	$	1,409
Deferred borrowing costs, net		1,185		1,128
Servicing asset, net		1,162		979
Investment in variable interest entity		828		820
Retained interests in transferred assets		797		996
Interest receivable		768		710
Prepaid expenses and deposits		473		303
Other		492		481

	$	7,243	$	6,826

Debt

9 Months Ended

Sep. 30, 2012

Debt [Abstract]

Debt

Note 5. Debt:

Information on our debt was as follows:


					Weighted Average
	Carrying Value (1)				Coupon Rate at
	September 30,		December 31,		September 30,			December 31,
	2012		2011		2012			2011
	(Dollars in thousands, except footnotes)
Secured borrowings - government guaranteed loans:
Loans sold for a premium and excess spread	$	35,406	$	26,569		3.73	%		3.77	%
Loans sold for excess spread		5,881		5,977		1.58	%		1.58	%

		41,287		32,546

Junior subordinated notes		27,070		27,070		3.71	%		3.62	%
Revolving credit facility		15,000		17,800		2.41	%		2.47	%
Debentures payable (2)		17,187		13,181		4.47	%		4.99	%
Structured notes payable (3)		—		5,264		N/A			3.08	%

Debt	$	100,544	$	95,861

(1)

The face amount of debt as of September 30, 2012 and December 31, 2011 was $100,547,000 and $95,870,000, respectively.

(2)

Our two SBIC subsidiaries each issued $2 million of debentures in August 2012 with an interest rate of 2.245% plus an annual fee of 0.515%. The debentures mature in 10 years and have semi-annual interest only payments until maturity.

(3)

We repaid the structured notes on February 15, 2012.

Principal payments on our debt at September 30, 2012 are as follows:


Twelve Months Ending September 30,	Total		Secured borrowings (1)		All other debt (2)
	(In thousands)
2013	$	5,278	$	1,088	$	4,190
2014		16,126		1,126		15,000
2015		5,165		1,165		4,000
2016		1,207		1,207		—
2017		1,251		1,251		—
Thereafter		71,520		35,450		36,070

	$	100,547	$	41,287	$	59,260

(1)

Principal payments are dependent upon cash flows received from the underlying loans. Our estimate of their repayment is based on scheduled principal payments on the underlying loans. Our estimate will differ from actual amounts to the extent we experience prepayments and/or loan liquidations or charge-offs. No payment is due unless payments are received from the borrowers on the underlying loans.

(2)

Represents the revolving credit facility, junior subordinated notes and debentures payable.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References + Details

Share-Based Compensation Plans

9 Months Ended

Sep. 30, 2012

Share-Based Compensation Plans [Abstract]

Share-Based Compensation Plans

Note 6. Share-Based Compensation Plans:

We granted 30,000 option awards on June 8, 2012 at an exercise price of $7.80 (the then current market price). The fair value of this option award was estimated at the date of grant using the Black-Scholes option-pricing model with the following assumptions:


Assumption
Expected Term (years)	3.0
Risk-Free Interest Rate	0.39	%
Expected Dividend Yield	8.21	%
Expected Volatility	21.12	%
Expected Forfeiture Rate	1.0	%

The expected term of the options granted represents the period of time that the options are expected to be outstanding and was based on historical data. The risk-free rate was based on the three-year U.S. Treasury rate corresponding to the expected term of the options. We used historical information to determine our expected volatility and forfeiture rates. We recorded compensation expense of $12,000 during the nine months ended September 30, 2012 related to this option grant. We granted 27,000 option awards on June 10, 2011 at an exercise price of $8.75 (the then current market price) and recorded compensation expense of $30,000 during the nine months ended September 30, 2011.

We issued an aggregate of 5,000 shares to the Board of Trust Managers on June 8, 2012 at the then current market price of the shares of $7.80. We issued an aggregate of 5,000 shares to the Board of Trust Managers on June 10, 2011 at the then current market price of the shares of $8.75. These shares vested immediately upon issuance. We recorded compensation expense of $39,000 during the nine months ended September 30, 2012 and $44,000 during the nine months ended September 30, 2011 related to these shares.

We issued an aggregate of 10,000 restricted shares to executive officers on March 12, 2012 at the then current market price of the shares of $7.27 (the closing price on March 9, 2012). We issued an aggregate of 10,000 restricted shares to executive officers on March 13, 2011 at the then current market price of the shares of $8.72. The restricted shares vest based on two years of continuous service with one-third of the shares vesting immediately upon issuance of the shares and one-third vesting at the end of each of the next two years. Restricted share awards provide for accelerated vesting if there is a change in control (as defined in the plan). Compensation expense related to the restricted shares is being recognized over the vesting periods. We recorded compensation expense of $12,000 and $15,000 during the three months ended September 30, 2012 and 2011, respectively, and $68,000 and $88,000 during the nine months ended September 30, 2012 and 2011, respectively, related to restricted shares. As of September 30, 2012, there was $33,000 of total unrecognized compensation expense related to restricted shares which will be recognized over the next two years.

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 50
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6406099&loc=d3e25284-112666

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 40
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6418621&loc=d3e17540-113929

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5444-113901

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 14

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 123R
-Paragraph 64, 65, A240
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Statement of Position (SOP)
-Number 93-6
-Paragraph 53
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Other Income

9 Months Ended

Sep. 30, 2012

Other Income [Abstract]

Other Income

Note 7. Other Income:

Other income consisted of the following:


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2012		2011		2012		2011
	(In thousands)
Prepayment fees	$	254	$	8	$	273	$	118
Servicing income		132		89		370		289
Loan related income - other		63		40		173		132
Retained interests in transferred assets		43		55		148		161
Other		15		33		72		113

	$	507	$	225	$	1,036	$	813

Discontinued Operations

9 Months Ended

Sep. 30, 2012

Discontinued Operations [Abstract]

Discontinued Operations

Note 8. Discontinued Operations:

Discontinued operations consisted of the following:


	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2012			2011			2012			2011
	(In thousands)
Net gains (losses) on sales of real estate	$	(19	)	$	—		$	(19	)	$	570
Net operating losses		(146	)		(81	)		(416	)		(523	)
Impairment losses		(7	)		(418	)		(208	)		(650	)

Discontinued operations	$	(172	)	$	(499	)	$	(643	)	$	(603	)

During 2012, we foreclosed on the underlying collateral (limited service hospitality properties) of two loans with a combined estimated fair value at foreclosure of $1,481,000 and sold both of these properties during 2012. One property was sold for $1,375,000 including cash proceeds of $550,000 and financing of $825,000. The other property was sold solely for cash proceeds. No gain or loss was recorded on these sales. In addition, we sold a property during 2012 with an estimated fair value of $76,000 and recorded a loss of $19,000. During 2011, previously deferred gains of $685,000 from property sales we financed were recognized as gains due to principal reductions on the underlying loans. During June 2011, we sold an asset acquired through foreclosure for $1.3 million, received cash proceeds of $128,000 and financed the remainder of $1,172,000. A loss of $115,000 was recorded on the transaction.

Net operating losses from discontinued operations relate to the operations and holding costs of our real estate owned.

Impairment losses represent declines in the estimated fair value of our real estate owned subsequent to initial valuation. Impairment losses during the nine months ended September 30, 2012 primarily relate to a retail establishment acquired in the third quarter of 2009 which continues to experience declines in its value.

- Definition

The entire disclosure for the facts and circumstances leading to the completed or expected disposal, manner and timing of disposal, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the segment in which the disposal group was reported, and the classification (whether sold or classified as held for sale) and carrying value of the assets and liabilities comprising the disposal group. Includes all disposal groups, including those classified as components of the entity (discontinued operations).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 20
-Section 50
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Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 144
-Paragraph 43-48
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Earnings (Loss) Per Share (EPS)

9 Months Ended

Sep. 30, 2012

Earnings (Loss) Per Share (EPS) [Abstract]

Earnings (Loss) Per Share (EPS)

Note 9. Earnings (Loss) Per Share (“EPS”):

The computations of basic EPS are based on our weighted average shares outstanding. During the nine months ended September 30, 2012, the weighted average shares outstanding were increased by 26,000 shares to reflect the dilutive effect of stock options. During the three months ended September 30, 2012, no shares were added to the weighted average shares outstanding for purposes of calculating diluted earnings per share as all options were anti-dilutive. During the three and nine months ended September 30, 2011, the weighted average shares outstanding were increased by 14,000 and 55,000 shares, respectively, to reflect the dilutive effect of stock options.

Not included in the computation of diluted EPS were outstanding options to purchase 113,000 and 81,000 common shares during the three months ended September 30, 2012 and 2011, respectively, and 69,000 and 39,000 common shares during the nine months ended September 30, 2012 and 2011, respectively, because the options’ exercise prices were greater than the average market price of the shares.

Fair Value Measurements

9 Months Ended

Sep. 30, 2012

Fair Value Measurements [Abstract]

Fair Value Measurements

Note 10. Fair Value Measurements:

For impaired loans measured at fair value on a nonrecurring basis during the nine months ended September 30, 2012 and 2011, the following table provides the carrying value of the related individual assets at quarter end. We used Level 3 inputs to determine the estimated fair value of our impaired loans.


	Carrying Value at September 30,				Provision for Loan Losses Nine Months Ended September 30, (2)
	2012		2011		2012		2011
	(In thousands)
Impaired loans (1)	$	12,546	$	8,832	$	341	$	335

(1)

Carrying value represents our impaired loans net of loan loss reserves. Our carrying value is determined based on management’s assessment of the fair value of the collateral based on numerous factors including operating statistics to the extent available, appraised value of the collateral, tax assessed value and market environment.

(2)

Represents the net change in the provision for loan losses included in our consolidated statements of income (loss) related specifically to our impaired loans during the periods presented.

For real estate owned, our carrying value approximates the estimated fair value at the time of foreclosure and the lower of cost or fair value thereafter. We use Level 3 inputs to determine the estimated fair value of our real estate owned. The carrying value of our real estate owned is established at the time of foreclosure based upon management’s assessment of its fair value based on numerous factors including operating statistics to the extent available, the appraised value, tax assessed value and market environment.

The following is activity for our real estate owned:


	Nine Months Ended September 30,
	2012			2011
	(In thousands)
Value - beginning of year	$	1,259		$	3,477
Foreclosures		1,481			409
Cost of sales		(1,537	)		(1,331	)
Impairment losses		(208	)		(650	)

Value - end of period	$	995		$	1,905

The estimated fair values of our financial instruments were as follows:


	September 30,				December 31,
	2012				2011
			Estimated				Estimated
	Carrying		Fair		Carrying		Fair
	Amount		Value		Amount		Value
	(In thousands)
Assets:
Loans receivable, net	$	241,914	$	226,621	$	234,427	$	224,395
Liabilities:
SBIC debentures and structured notes payable		17,187		18,334		18,445		19,027
Secured borrowings - government guaranteed loans		41,287		41,287		32,546		32,546
Revolving credit facility		15,000		15,000		17,800		17,800
Junior subordinated notes		27,070		22,586		27,070		22,595

We used Level 3 inputs to determine the estimated fair value of our financial instruments. In general, estimates of fair value differ from the carrying amounts of the financial assets and liabilities primarily as a result of the effects of discounting future cash flows. Considerable judgment is required to interpret market data and develop estimates of fair value. Accordingly, the estimates presented may not be indicative of the amounts we could realize in a current market exchange.

Loans receivable, net: Our loans receivable are recorded at cost and adjusted by net loan origination fees and discounts. In order to determine the estimated fair value of our loans receivable, we use a present value technique for the anticipated future cash flows using certain assumptions including a discount rate based on current market interest rates, prepayment tendencies and potential loan losses. Significant increases (decreases) in any of these inputs in isolation would result in a significantly lower (higher) fair value measurement. Reserves are established based on numerous factors including, but not limited to, the creditor’s payment history, collateral value, guarantor support, expected future cash flows and other factors. In the absence of a readily ascertainable market value, the estimated value of our loans receivable may differ from the values that would be placed on the portfolio if a ready market for the loans receivable existed.

SBIC debentures and structured notes payable and junior subordinated notes: The estimated fair value is based on a present value calculation based on management’s estimate of prices of the same or similar instruments after considering market risks, current interest rates, and remaining maturities. The structured notes payable were repaid on February 15, 2012.

Secured borrowings - government guaranteed loans: The estimated fair value approximates cost as the interest rates on these secured borrowings approximates current market interest rates.

Revolving credit facility: The carrying amount is a reasonable estimation of fair value as the interest rate on this instrument is variable and was set in a third-party transaction.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-Name Statement of Financial Accounting Standard (FAS)
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-Paragraph 15B
-Subparagraph a, b
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
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Reference 9: http://www.xbrl.org/2003/role/presentationRef
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 10: http://www.xbrl.org/2003/role/presentationRef
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Reference 11: http://www.xbrl.org/2003/role/presentationRef
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 12: http://www.xbrl.org/2003/role/presentationRef
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 3, 10, 14, 15
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Commitments and Contingencies

9 Months Ended

Sep. 30, 2012

Commitments and Contingencies [Abstract]

Commitments and Contingencies

Note 11. Commitments and Contingencies:

Loan Commitments

Commitments to extend credit are agreements to lend to a customer provided the terms established in the contract are met. Our outstanding loan commitments and approvals to fund loans were $10.1 million at September 30, 2012, of which $6.9 million were for prime-based loans to be originated by our SBA 7(a) subsidiary, the government guaranteed portion of which is intended to be sold. We also have non-cash loan commitments of $1.4 million at September 30, 2012. Commitments generally have fixed expiration dates. Since some commitments are expected to expire without being drawn upon, total commitment amounts do not necessarily represent future cash requirements.

Operating Lease

We lease office space in Dallas, Texas under a lease which expires in February 2015. Future minimum lease payments are as follows:


Twelve Months Ending September 30,	Total
	(In thousands)
2013	$	210
2014		216
2015		91

	$	517

Employment Agreements

We have employment agreements with our executive officers for terms expiring December 31, 2014. Under certain circumstances, as defined within the agreements, the agreements provide for (1) severance compensation or change in control payments to the executive officer in an amount equal to 2.99 times the average of the last three years annual compensation paid to the executive officer and (2) death and disability payments in an amount equal to two times and one time, respectively, the annual salary paid to the executive officer.

Litigation

In the normal course of business we are periodically party to certain legal actions and proceedings involving matters that are generally incidental to our business (i.e., collection of loans receivable). In management’s opinion, the resolution of these legal actions and proceedings will not have a material adverse effect on our consolidated financial statements.

Other

If the SBA establishes that a loss on an SBA guaranteed loan is attributable to significant technical deficiencies in the manner in which the loan was originated, funded or serviced by us, the SBA may seek recovery of the principal loss related to the deficiency from us. With respect to the guaranteed portion of SBA loans that have been sold, the SBA will first honor its guarantee and then seek compensation from us in the event that a loss is deemed to be attributable to technical deficiencies. Based on historical experience, we do not expect that this contingency would be material to the financial statements if asserted.

- Definition

The entire disclosure for commitments and contingencies.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 20
-Section 50
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-Name FASB Interpretation (FIN)
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Reference 7: http://www.xbrl.org/2003/role/presentationRef
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+ Details

Subsequent Event

9 Months Ended

Sep. 30, 2012

Subsequent Events [Abstract]

Subsequent Event

Note 12. Subsequent Event:

During the fourth quarter of 2012, we will record a one-time severance charge of approximately $2.2 million in our consolidated statement of income (loss) related to a separation agreement with our Chief Executive Officer, Lance B. Rosemore. This severance charge represents payments due Mr. Rosemore pursuant to his separation agreement. Jan F. Salit, previously our Chief Operating Officer and Chief Investment Officer, has been promoted to Chief Executive Officer.

During 2011, a special committee of all of our independent trust managers was formed to evaluate inquiries expressing a preliminary interest in potential strategic transactions as well as other potential strategic alternatives that could enhance shareholder value. The special committee and the Board of Trust Managers have determined, in connection with the strategic alternatives evaluation process, that it is in the best interests of our shareholders to continue to operate as an independent entity and focus aggressively on developing an expanded business plan to improve operating performance and long-term growth potential. Upon the recommendation of the special committee, the Board of Trust Managers has suspended the formal strategic alternatives process. Consequently, the special committee is expected to be dissolved during the fourth quarter of 2012. Due to the expected dissolution, we anticipate that strategic alternatives expenses during the fourth quarter of 2012 will be significantly less than the third quarter of 2012.

The Board of Trust Managers has re-evaluated its current dividend policy and believes that the quarterly cash dividend anticipated to be declared in December 2012 should be reduced to better align it with our core operations. When established, it is anticipated that the quarterly dividend will be in an amount that can reasonably be expected to be maintained over the next year, although no assurances can be given to that effect. Currently the Board of Trust Managers anticipates the next quarterly cash dividend to be $0.12 per common share.

Recently Issued Accounting Pronouncements (Policies)	9 Months Ended
Recently Issued Accounting Pronouncements (Policies)	Sep. 30, 2012
Recently Issued Accounting Pronouncements [Abstract]
Fair Value Measurement	Accounting Standards Update (“ASU”) 2011-04, Fair Value Measurement (Topic 820); Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP was issued in May 2011. This ASU provides additional guidance on fair value measurements and requires additional fair value disclosures including quantitative and qualitative information for recurring Level 3 fair value measurements. In addition, entities must report the level in the fair value hierarchy of assets and liabilities not recorded at fair value but where fair value is disclosed. This ASU was effective for interim and annual periods beginning on or after December 15, 2011.

Loans Receivable, net (Tables)

9 Months Ended

Sep. 30, 2012

Loans Receivable, net [Abstract]

Loans receivables, net

Loans receivable, net, consisted of the following:


	September 30,			December 31,
	2012			2011
	(In thousands)
Commercial mortgage loans	$	134,155		$	134,835
SBIC commercial mortgage loans		42,886			32,416
SBA 7(a) loans, subject to secured borrowings		38,150			30,151
SBA 7(a) loans		28,488			23,238
Commercial mortgage loans, subject to structured notes payable (1)		—			15,474

Total loans receivable		243,679			236,114
Adjusted by:
Deferred capitalized costs, net		302			125
Loan loss reserves		(2,067	)		(1,812	)

Loans receivable, net	$	241,914		$	234,427

(1)

The structured notes were repaid on February 15, 2012.

Aging of loans Receivable


September 30, 2012
Category	Totals				Commercial Mortgage Loans				SBA 7(a) Loans
	(Dollars in thousands)
Current (1)	$	205,503	100.0	%	$	177,041	100.0	%	$	28,462	99.9	%
Between 30 and 59 days delinquent		—	—			—	—			—	—
Between 60 and 89 days delinquent		26	—			—	—			26	0.1	%
Over 89 days delinquent		—	—			—	—			—	—

	$	205,529	100.0	%	$	177,041	100.0	%	$	28,488	100.0	%

(1)

Includes $13.1 million of loans classified as troubled debt restructurings which were current at September 30, 2012 based on revised note terms.


December 31, 2011
Category	Totals				Commercial Mortgage Loans				SBA 7(a) Loans
	(Dollars in thousands)
Current (1)	$	202,217	98.2	%	$	179,497	98.2	%	$	22,720	97.7	%
Between 30 and 59 days delinquent		1,224	0.6	%		1,090	0.6	%		134	0.6	%
Between 60 and 89 days delinquent		696	0.3	%		696	0.4	%		—	—
Over 89 days delinquent (2)		1,826	0.9	%		1,442	0.8	%		384	1.7	%

	$	205,963	100.0	%	$	182,725	100.0	%	$	23,238	100.0	%

(1)

Includes $6.3 million of loans classified as troubled debt restructurings which were current based on revised note terms. Of these loans, $5.6 million are paying interest only.

(2)

Includes a $1.4 million loan on which the borrower filed for Chapter 11 Bankruptcy. We were classified as a secured creditor in the bankruptcy proceeding.

Classified loans receivable

Management has classified our Loans Receivable Subject to Credit Risk as follows (balances represent our investment in the loans prior to loan loss reserves and deferred capitalized costs):


	September 30, 2012
	Totals		%			Commercial Mortgage Loans		%			SBA 7(a) Loans		%
	(Dollars in thousands)
Satisfactory	$	183,430		89.3	%	$	155,388		87.8	%	$	28,042		98.4	%
OAEM		10,075		4.9	%		9,993		5.6	%		82		0.3	%
Substandard		11,999		5.8	%		11,660		6.6	%		339		1.2	%
Doubtful		25		0.0	%		—		—			25		0.1	%

	$	205,529		100.0	%	$	177,041		100.0	%	$	28,488		100.0	%


	December 31, 2011
	Totals		%			Commercial Mortgage Loans		%			SBA 7(a) Loans		%
	(Dollars in thousands)
Satisfactory	$	189,836		92.2	%	$	167,397		91.6	%	$	22,439		96.5	%
OAEM		3,354		1.6	%		3,317		1.8	%		37		0.2	%
Substandard		10,790		5.2	%		10,569		5.8	%		221		1.0	%
Doubtful		1,983		1.0	%		1,442		0.8	%		541		2.3	%

	$	205,963		100.0	%	$	182,725		100.0	%	$	23,238		100.0	%

Loan loss reserves

The activity in our loan loss reserves was as follows:


	Nine Months Ended September 30, 2012
	Total			Commercial Mortgage Loans			SBA 7(a) Loans
	(In thousands)
Balance, beginning of year	$	1,812		$	1,329		$	483
Provision for loan losses		1,203			1,103			100
Reduction of loan losses		(149	)		(115	)		(34	)
Recoveries		(408	)		(408	)		—
Principal balances written-off, net		(391	)		(219	)		(172	)

Balance, end of period	$	2,067		$	1,690		$	377


	Nine Months Ended September 30, 2011
	Total			Commercial Mortgage Loans			SBA 7(a) Loans
	(In thousands)
Balance, beginning of year	$	1,609		$	1,303		$	306
Provision for loan losses		628			246			382
Reduction of loan losses		(266	)		(241	)		(25	)
Principal balances written-off		(144	)		(17	)		(127	)

Balance, end of period	$	1,827		$	1,291		$	536

Loans considered to be impaired loans

Information on those loans considered to be impaired loans was as follows:


	September 30, 2012						December 31, 2011
	Total		Commercial Mortgage Loans		SBA 7(a) Loans		Total		Commercial Mortgage Loans		SBA 7(a) Loans
	(In thousands)
Impaired loans requiring reserves (1)	$	10,123	$	10,098	$	25	$	7,411	$	7,027	$	384
Impaired loans expected to be fully recoverable (1)		3,124		2,146		978		846		689		157

Total impaired loans (2)	$	13,247	$	12,244	$	1,003	$	8,257	$	7,716	$	541

Loan loss reserves	$	701	$	676	$	25	$	563	$	372	$	191

(1)

Balances represent our recorded investment and include loans classified as troubled debt restructurings.

(2)


	Three Months Ended September 30, 2012						Three Months Ended September 30, 2011
	Total		Commercial Mortgage Loans		SBA 7(a) Loans		Total		Commercial Mortgage Loans		SBA 7(a) Loans
	(In thousands)
Average impaired loans	$	9,885	$	8,799	$	1,086	$	9,420	$	8,744	$	676

Interest income on impaired loans	$	88	$	84	$	4	$	28	$	26	$	2


	Nine Months Ended September 30, 2012						Nine Months Ended September 30, 2011
	Total		Commercial Mortgage Loans		SBA 7(a) Loans		Total		Commercial Mortgage Loans		SBA 7(a) Loans
	(In thousands)
Average impaired loans	$	8,788	$	8,083	$	705	$	8,504	$	7,952	$	552

Interest income on impaired loans	$	277	$	266	$	11	$	228	$	213	$	15

Troubled Debt Restructurings

Information on our troubled debt restructurings which consisted of eight commercial mortgage loans and one SBA 7(a) loan was as follows at September 30, 2012:


	Commercial Mortgage Loans				SBA 7(a) Loan
			Unpaid				Unpaid
	Recorded		Principal		Recorded		Principal
	Investment		Balance		Investment		Balance
	(In thousands)
Troubled debt restructurings requiring reserves	$	10,098	$	10,521	$	854	$	845
Troubled debt restructurings without reserves (1)		2,146		2,197		—		—

Total troubled debt restructurings	$	12,244	$	12,718	$	854	$	845

Loan loss reserves	$	676			$	12

(1)

The SBA 7(a) loan recorded investment and unpaid principal balance includes the government guaranteed portion of $634,000 on which we have no credit loss exposure.

Other Assets (Tables)

9 Months Ended

Sep. 30, 2012

Other Assets [Abstract]

Other Asset

Other assets consisted of the following:


	September 30,		December 31,
	2012		2011
	(In thousands)
Deferred tax asset, net	$	1,538	$	1,409
Deferred borrowing costs, net		1,185		1,128
Servicing asset, net		1,162		979
Investment in variable interest entity		828		820
Retained interests in transferred assets		797		996
Interest receivable		768		710
Prepaid expenses and deposits		473		303
Other		492		481

	$	7,243	$	6,826

Debt (Tables)

9 Months Ended

Sep. 30, 2012

Debt [Abstract]

Summary of Debt

Information on our debt was as follows:


					Weighted Average
	Carrying Value (1)				Coupon Rate at
	September 30,		December 31,		September 30,			December 31,
	2012		2011		2012			2011
	(Dollars in thousands, except footnotes)
Secured borrowings - government guaranteed loans:
Loans sold for a premium and excess spread	$	35,406	$	26,569		3.73	%		3.77	%
Loans sold for excess spread		5,881		5,977		1.58	%		1.58	%

		41,287		32,546

Junior subordinated notes		27,070		27,070		3.71	%		3.62	%
Revolving credit facility		15,000		17,800		2.41	%		2.47	%
Debentures payable (2)		17,187		13,181		4.47	%		4.99	%
Structured notes payable (3)		—		5,264		N/A			3.08	%

Debt	$	100,544	$	95,861

(1)

The face amount of debt as of September 30, 2012 and December 31, 2011 was $100,547,000 and $95,870,000, respectively.

(2)

(3)

We repaid the structured notes on February 15, 2012.

Principal payments on debt

Principal payments on our debt at September 30, 2012 are as follows:


Twelve Months Ending September 30,	Total		Secured borrowings (1)		All other debt (2)
	(In thousands)
2013	$	5,278	$	1,088	$	4,190
2014		16,126		1,126		15,000
2015		5,165		1,165		4,000
2016		1,207		1,207		—
2017		1,251		1,251		—
Thereafter		71,520		35,450		36,070

	$	100,547	$	41,287	$	59,260

(1)

(2)

Represents the revolving credit facility, junior subordinated notes and debentures payable.

Share-Based Compensation Plans (Tables)

9 Months Ended

Sep. 30, 2012

Share-Based Compensation Plans [Abstract]

Black-Scholes option-pricing model

The fair value of this option award was estimated at the date of grant using the Black-Scholes option-pricing model with the following assumptions:


Assumption
Expected Term (years)	3.0
Risk-Free Interest Rate	0.39	%
Expected Dividend Yield	8.21	%
Expected Volatility	21.12	%
Expected Forfeiture Rate	1.0	%

Other Income (Tables)

9 Months Ended

Sep. 30, 2012

Other Income [Abstract]

Other income

Other income consisted of the following:


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2012		2011		2012		2011
	(In thousands)
Prepayment fees	$	254	$	8	$	273	$	118
Servicing income		132		89		370		289
Loan related income - other		63		40		173		132
Retained interests in transferred assets		43		55		148		161
Other		15		33		72		113

	$	507	$	225	$	1,036	$	813

Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2012

Discontinued Operations [Abstract]

Discontinued operations

Discontinued operations consisted of the following:


	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2012			2011			2012			2011
	(In thousands)
Net gains (losses) on sales of real estate	$	(19	)	$	—		$	(19	)	$	570
Net operating losses		(146	)		(81	)		(416	)		(523	)
Impairment losses		(7	)		(418	)		(208	)		(650	)

Discontinued operations	$	(172	)	$	(499	)	$	(643	)	$	(603	)

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

+ References + Details

Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2012

Fair Value Measurements [Abstract]

Impaired loans measured at fair value on a nonrecurring basis


	Carrying Value at September 30,				Provision for Loan Losses Nine Months Ended September 30, (2)
	2012		2011		2012		2011
	(In thousands)
Impaired loans (1)	$	12,546	$	8,832	$	341	$	335

(1)

(2)

Represents the net change in the provision for loan losses included in our consolidated statements of income (loss) related specifically to our impaired loans during the periods presented.

Activity for real estate owned

The following is activity for our real estate owned:


	Nine Months Ended September 30,
	2012			2011
	(In thousands)
Value - beginning of year	$	1,259		$	3,477
Foreclosures		1,481			409
Cost of sales		(1,537	)		(1,331	)
Impairment losses		(208	)		(650	)

Value - end of period	$	995		$	1,905

Estimated fair values of financial instruments

The estimated fair values of our financial instruments were as follows:


	September 30,				December 31,
	2012				2011
			Estimated				Estimated
	Carrying		Fair		Carrying		Fair
	Amount		Value		Amount		Value
	(In thousands)
Assets:
Loans receivable, net	$	241,914	$	226,621	$	234,427	$	224,395
Liabilities:
SBIC debentures and structured notes payable		17,187		18,334		18,445		19,027
Secured borrowings - government guaranteed loans		41,287		41,287		32,546		32,546
Revolving credit facility		15,000		15,000		17,800		17,800
Junior subordinated notes		27,070		22,586		27,070		22,595

- Definition

Tabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments, assets, and liabilities. Such certain disclosures about the financial instruments, assets, and liabilities include: (1) the fair value of the required items together with their carrying amounts (as appropriate) and (2) the methodology and assumptions used in developing such estimates of fair value.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13476-108611

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13467-108611

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6447952&loc=d3e13220-108610

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 10
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13433-108611

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 159
-Paragraph 19
-Subparagraph a, b, c(1), d(1)
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 14
-Subparagraph a
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 15
-Subparagraph b-d
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 159
-Paragraph 18
-Subparagraph c(2), d, e, f
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 157
-Paragraph 32
-Subparagraph a, c(1), c(2), c(3), d
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 10
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Commitments and Contingencies (Tables)

9 Months Ended

Sep. 30, 2012

Commitments and Contingencies [Abstract]

Future minimum lease payments

We lease office space in Dallas, Texas under a lease which expires in February 2015. Future minimum lease payments are as follows:


Twelve Months Ending September 30,	Total
	(In thousands)
2013	$	210
2014		216
2015		91

	$	517

Loans Receivable, net (Details) - USD ($) $ in Thousands	Sep. 30, 2012	Dec. 31, 2011
Loans receivable, net:
Total loans receivable	$ 243,679	$ 236,114
Adjusted by:
Deferred capitalized costs, net	302	125
Loan loss reserves	(2,067)	(1,812)
Loans receivable, net	241,914	234,427
Commercial mortgage loans [Member]
Loans receivable, net:
Commercial mortgage loans	134,155	134,835
SBIC commercial mortgage loans [Member]
Loans receivable, net:
SBIC commercial mortgage loans	42,886	32,416
SBA 7(a) loans, subject to secured borrowings [Member]
Loans receivable, net:
SBA 7(a) loans, subject to secured borrowings	38,150	30,151
SBA 7(a) loans [Member]
Loans receivable, net:
SBA 7(a) loans	$ 28,488	23,238
Commercial mortgage loans, subject to structured notes payable [Member]
Loans receivable, net:
Commercial mortgage loans, subject to structured notes payable		$ 15,474

Loans Receivable, net (Details 1) - USD ($) $ in Thousands	Sep. 30, 2012	Dec. 31, 2011
Aging of loans Receivable
Current	$ 205,503	$ 202,217
Between 30 and 59 days delinquent		1,224
Between 60 and 89 days delinquent	26	696
Over 89 days delinquent		1,826
Loans receivable, gross, excluding secured borrowings	$ 205,529	$ 205,963
Current	100.00%	98.20%
Between 30 and 59 days delinquent		0.60%
Between 60 and 89 days delinquent		0.30%
Over 89 days delinquent		0.90%
Aging of loans receivable percent	100.00%	100.00%
Commercial Mortgage Loans [Member]
Aging of loans Receivable
Current	$ 177,041	$ 179,497
Between 30 and 59 days delinquent		1,090
Between 60 and 89 days delinquent		696
Over 89 days delinquent		1,442
Loans receivable, gross, commercial mortgage loans	$ 177,041	$ 182,725
Current	100.00%	98.20%
Between 30 and 59 days delinquent		0.60%
Between 60 and 89 days delinquent		0.40%
Over 89 days delinquent		0.80%
Aging of loans receivable percent	100.00%	100.00%
SBA 7(a) loans [Member]
Aging of loans Receivable
Current	$ 28,462	$ 22,720
Between 30 and 59 days delinquent		134
Between 60 and 89 days delinquent	26
Over 89 days delinquent		384
SBA 7(a) loans receivable, gross, excluding secured borrowings	$ 28,488	$ 23,238
Current	99.90%	97.70%
Between 30 and 59 days delinquent		0.60%
Between 60 and 89 days delinquent	0.10%
Over 89 days delinquent		1.70%
Aging of loans receivable percent	100.00%	100.00%

Loans Receivable, net (Details 2) - USD ($) $ in Thousands	Sep. 30, 2012	Dec. 31, 2011
Classified loans receivable
Loans receivable, gross, excluding secured borrowings	$ 205,529	$ 205,963
Percentage of loan receivable in aggregate loan receivable	100.00%	100.00%
Satisfactory [Member]
Classified loans receivable
Loans receivable, gross, excluding secured borrowings	$ 183,430	$ 189,836
Percentage of loan receivable in aggregate loan receivable	89.30%	92.20%
OAEM [Member]
Classified loans receivable
Loans receivable, gross, excluding secured borrowings	$ 10,075	$ 3,354
Percentage of loan receivable in aggregate loan receivable	4.90%	1.60%
Substandard [Member]
Classified loans receivable
Loans receivable, gross, excluding secured borrowings	$ 11,999	$ 10,790
Percentage of loan receivable in aggregate loan receivable	5.80%	5.20%
Doubtful [Member]
Classified loans receivable
Loans receivable, gross, excluding secured borrowings	$ 25	$ 1,983
Percentage of loan receivable in aggregate loan receivable	0.00%	1.00%
Commercial Mortgage Loans [Member]
Classified loans receivable
Loans receivable, gross, commercial mortgage loans	$ 177,041	$ 182,725
Percentage of loan receivable in aggregate loan receivable	100.00%	100.00%
Commercial Mortgage Loans [Member] \| Satisfactory [Member]
Classified loans receivable
Loans receivable, gross, commercial mortgage loans	$ 155,388	$ 167,397
Percentage of loan receivable in aggregate loan receivable	87.80%	91.60%
Commercial Mortgage Loans [Member] \| OAEM [Member]
Classified loans receivable
Loans receivable, gross, commercial mortgage loans	$ 9,993	$ 3,317
Percentage of loan receivable in aggregate loan receivable	5.60%	1.80%
Commercial Mortgage Loans [Member] \| Substandard [Member]
Classified loans receivable
Loans receivable, gross, commercial mortgage loans	$ 11,660	$ 10,569
Percentage of loan receivable in aggregate loan receivable	6.60%	5.80%
Commercial Mortgage Loans [Member] \| Doubtful [Member]
Classified loans receivable
Loans receivable, gross, commercial mortgage loans		$ 1,442
Percentage of loan receivable in aggregate loan receivable		0.80%
SBA 7(a) loans [Member]
Classified loans receivable
SBA 7(a) loans receivable, gross, excluding secured borrowings	$ 28,488	$ 23,238
Percentage of loan receivable in aggregate loan receivable	100.00%	100.00%
SBA 7(a) loans [Member] \| Satisfactory [Member]
Classified loans receivable
SBA 7(a) loans receivable, gross, excluding secured borrowings	$ 28,042	$ 22,439
Percentage of loan receivable in aggregate loan receivable	98.40%	96.50%
SBA 7(a) loans [Member] \| OAEM [Member]
Classified loans receivable
SBA 7(a) loans receivable, gross, excluding secured borrowings	$ 82	$ 37
Percentage of loan receivable in aggregate loan receivable	0.30%	0.20%
SBA 7(a) loans [Member] \| Substandard [Member]
Classified loans receivable
SBA 7(a) loans receivable, gross, excluding secured borrowings	$ 339	$ 221
Percentage of loan receivable in aggregate loan receivable	1.20%	1.00%
SBA 7(a) loans [Member] \| Doubtful [Member]
Classified loans receivable
SBA 7(a) loans receivable, gross, excluding secured borrowings	$ 25	$ 541
Percentage of loan receivable in aggregate loan receivable	0.10%	2.30%

Loans Receivable, net (Details 3) - USD ($) $ in Thousands	9 Months Ended
Loans Receivable, net (Details 3) - USD ($) $ in Thousands	Sep. 30, 2012	Sep. 30, 2011
Loan loss reserves
Balance, beginning of year	$ 1,812	$ 1,609
Provision for loan losses	1,203	628
Reduction of loan losses	(149)	(266)
Recoveries	(408)
Principal balances written-off, net	(391)	(144)
Balance, end of period	2,067	1,827
Commercial Mortgage Loans [Member]
Loan loss reserves
Balance, beginning of year	1,329	1,303
Provision for loan losses	1,103	246
Reduction of loan losses	(115)	(241)
Recoveries	(408)
Principal balances written-off, net	(219)	(17)
Balance, end of period	1,690	1,291
SBA 7(a) loans [Member]
Loan loss reserves
Balance, beginning of year	483	306
Provision for loan losses	100	382
Reduction of loan losses	(34)	(25)
Principal balances written-off, net	(172)	(127)
Balance, end of period	$ 377	$ 536

Loans Receivable, net (Details 4) - USD ($) $ in Thousands	Sep. 30, 2012	Dec. 31, 2011
Loans considered to be impaired loans
Impaired loans requiring reserves	$ 10,123	$ 7,411
Impaired loans expected to be fully recoverable	3,124	846
Total impaired loans	13,247	8,257
Loan loss reserves	701	563
Commercial Mortgage Loans [Member]
Loans considered to be impaired loans
Impaired loans requiring reserves	10,098	7,027
Impaired loans expected to be fully recoverable	2,146	689
Total impaired loans	12,244	7,716
Loan loss reserves	676	372
SBA 7(a) loans [Member]
Loans considered to be impaired loans
Impaired loans requiring reserves	25	384
Impaired loans expected to be fully recoverable	978	157
Total impaired loans	1,003	541
Loan loss reserves	$ 25	$ 191

Loans Receivable, net (Details 5) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Loans Receivable, net (Details 5) - USD ($) $ in Thousands	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Loans considered to be impaired loans
Average impaired loans	$ 9,885	$ 9,420	$ 8,788	$ 8,504
Interest income on impaired loans	88	28	277	228
Commercial Mortgage Loans [Member]
Loans considered to be impaired loans
Average impaired loans	8,799	8,744	8,083	7,952
Interest income on impaired loans	84	26	266	213
SBA 7(a) loans [Member]
Loans considered to be impaired loans
Average impaired loans	1,086	676	705	552
Interest income on impaired loans	$ 4	$ 2	$ 11	$ 15

Loans Receivable Net (Details 6) $ in Thousands	Sep. 30, 2012 USD ($)
Commercial Mortgage Loans [Member]
Troubled debt restructurings
Troubled debt restructurings requiring reserves, Recorded Investment	$ 10,098
Troubled debt restructurings without reserves, Recorded Investment	2,146
Total Troubled Debt Restructurings, Recorded Investment	12,244
Troubled debt restructurings requiring reserves, Unpaid Principal Balance	10,521
Troubled debt restructurings without reserves, Unpaid Principal Balance	2,197
Total Troubled Debt Restructurings, Unpaid Principal Balance	12,718
Loans loss reserves	676
SBA 7(a) loans [Member]
Troubled debt restructurings
Troubled debt restructurings requiring reserves, Recorded Investment	854
Total Troubled Debt Restructurings, Recorded Investment	854
Troubled debt restructurings requiring reserves, Unpaid Principal Balance	845
Total Troubled Debt Restructurings, Unpaid Principal Balance	845
Loans loss reserves	$ 12

Loans Receivable, net (Details Textual)	9 Months Ended		12 Months Ended
Loans Receivable, net (Details Textual)	Sep. 30, 2012 USD ($) TDRs Loans CreditRisk	Sep. 30, 2011	Dec. 31, 2011 USD ($)
Loans Receivable, net (Textual) [Abstract]
Recorded investment in non accrual loans	$ 2,284,000		$ 1,820,000
Loans Receivable net (Additional Textual) [Abstract]
Concentrations of investments in hospitality industry	94.00%		94.00%
Government guaranteed portion loan related secured borrowing	$ 634,000
Loans receivable affiliated group of obligors	5.00%		5.00%
Loans classified as troubled debt restructurings which are current based on revised note terms	$ 13,100,000		$ 6,300,000
Troubled debt restructurings paying interest only			$ 5,600,000
Loans collateralized by properties	16.00%		18.00%
Loans receivable maximum	10.00%
Bankruptcy claims amount of claims filed			$ 1,400,000
Maximum loans receivable single borrower	10.00%
Provision for loan losses	0.60%	0.30%
Loans receivable past due 90 days or more which were accruing interest	$ 0		$ 0
Loans Receivable Due	90 days		90 days
Credit risk indicators \| CreditRisk	0
Loan loss reserves on SBA 7(a) government guaranteed portions of loans \| Loans	0
voluntarily modification of loans recorded investment	$ 4,800,000
Involuntarily modification due to bankruptcy loans recorded investment	6,000,000
Commercial Loan [Member]
Loans Receivable, net (Textual) [Abstract]
Unpaid principal balance	$ 12,717,000		$ 7,940,000
No. of troubled debt restructurings \| TDRs	8
SBA 7(a) loans [Member]
Loans Receivable, net (Textual) [Abstract]
Retained loans discount	$ 1,900,000		1,600,000
Unpaid principal balance	366,000		593,000
Unpaid principal balance of our impaired troubled debt restructuring SBA 7(a) loans	845,000
Recorded investment in non accrual loans	$ 855,000		384,000
No. of troubled debt restructurings \| TDRs	1
SBA 7(a) loans, subject to secured borrowings [Member]
Loans Receivable, net (Textual) [Abstract]
SBA 7(a) loans, subject to secured borrowings	$ 38,150,000		30,151,000
Commercial mortgage loans [Member]
Loans Receivable, net (Textual) [Abstract]
Recorded investment in commercial mortgage non accrual loans	$ 1,429,000		$ 1,436,000

Other Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2012	Dec. 31, 2011
Other Asset
Deferred tax asset, net	$ 1,538	$ 1,409
Deferred borrowing costs, net	1,185	1,128
Servicing asset, net	1,162	979
Investment in variable interest entity	828	820
Retained interests in transferred assets	797	996
Interest receivable	768	710
Prepaid expenses and deposits	473	303
Other	492	481
Other Assets, Total	$ 7,243	$ 6,826

Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2012	Dec. 31, 2011
Summary of Debt
Secured borrowings - government guaranteed loans	$ 41,287	$ 32,546
Junior subordinated notes	27,070	27,070
Revolving credit facility	15,000	17,800
SBIC debentures payable	17,187	13,181
Structured notes payable		5,264
Debt	100,544	95,861
Loans sold for a premium and excess spread [Member]
Summary of Debt
Secured borrowings - government guaranteed loans	$ 35,406	$ 26,569
Weighted Average Coupon Rate	3.73%	3.77%
Loans sold for excess spread [Member]
Summary of Debt
Secured borrowings - government guaranteed loans	$ 5,881	$ 5,977
Weighted Average Coupon Rate	1.58%	1.58%
Junior subordinated notes [Member]
Summary of Debt
Weighted Average Coupon Rate	3.71%	3.62%
Revolving credit facility [Member]
Summary of Debt
Weighted Average Coupon Rate	2.41%	2.47%
Debentures payable [Member]
Summary of Debt
Weighted Average Coupon Rate	4.47%	4.99%
Structured notes payable [Member]
Summary of Debt
Structured Notes Payable Coupon Rate		3.08%

Debt (Details 1) - USD ($)	Sep. 30, 2012	Dec. 31, 2011
Principal payments on debt
2013	$ 5,278,000
2014	16,126,000
2015	5,165,000
2016	1,207,000
2017	1,251,000
Thereafter	71,520,000
Total principal payments on debt	100,547,000	$ 95,870,000
Secured borrowings [Member]
Principal payments on debt
2013	1,088,000
2014	1,126,000
2015	1,165,000
2016	1,207,000
2017	1,251,000
Thereafter	35,450,000
Total principal payments on debt	41,287,000
All other debt [Member]
Principal payments on debt
2013	4,190,000
2014	15,000,000
2015	4,000,000
Thereafter	36,070,000
Total principal payments on debt	$ 59,260,000

Debt (Details Textual) - USD ($)	9 Months Ended
Debt (Details Textual) - USD ($)	Sep. 30, 2012	Aug. 31, 2012	Dec. 31, 2011
Short-term Debt [Line Items]
SBIC subsidiaries issued debenture	$ 100,547,000		$ 95,870,000
Debt (Textual) [Abstract]
Face amount of debt	$ 100,547,000		$ 95,870,000
Repayment of structured note date	Feb. 15, 2012
Debenture [Member]
Short-term Debt [Line Items]
SBIC subsidiaries issued debenture		$ 2,000,000
SBIC debenture interest rate		2.245%
Annual fees	0.515%
Debenture maturity period	10 years
Debt (Textual) [Abstract]
Face amount of debt		$ 2,000,000

Share-Based Compensation Plans (Details)	9 Months Ended
Share-Based Compensation Plans (Details)	Sep. 30, 2012
Black-Scholes option-pricing model
Expected Term (years)	3 years
Risk-Free Interest Rate	0.39%
Expected Dividend Yield	8.21%
Expected Volatility	21.12%
Expected Forfeiture Rate	1.00%

Share-Based Compensation Plans (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011	Jun. 08, 2012	Mar. 12, 2012	Jun. 10, 2011	Mar. 13, 2011
Share-Based Compensation Plans (Textual) [Abstract]
Total shares available for Grant option Award							27,000
Shares Granted for option Award					30,000
Restricted shares issued to the Board of Trust Managers					5,000		5,000
Restricted shares issued to executive officer						10,000		10,000
Exercised Price of Total shares available for Grant option Award							$ 8.75
Exercised Price of shares Granted for option Award					$ 7.80
Current market price of shares issued to the Board of Trust Managers							$ 8.75
Current Market price of restricted shares issued to executive officer						$ 7.27
Current Market price of restricted shares issued to executive officer and Board of Trust								$ 8.72
Compensation expenses option award			$ 12,000	$ 30,000
Compensation expenses shares vested			39,000	44,000
Total Unrecognized Compensation expenses restricted shares	$ 33,000		33,000
Allocated Share-based Compensation Expense	$ 12,000	$ 15,000	$ 68,000	$ 88,000
Vesting Period			2 years
Terms of Award			The restricted shares vest based on two years of continuous service with one-third of the shares vesting immediately upon issuance of the shares and one-third vesting at the end of each of the next two years.
Nonvested Awards, Total Compensation Cost Not yet Recognized, Period for Recognition			2 years

Other Income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Other Income (Details) - USD ($) $ in Thousands	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Other income
Servicing income	$ 132	$ 89	$ 370	$ 289
Retained interests in transferred assets	43	55	148	161
Loan related income - other	63	40	173	132
Prepayment fees	254	8	273	118
Other	15	33	72	113
Other Income	$ 507	$ 225	$ 1,036	$ 813

Discontinued Operations (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Discontinued Operations (Details) - USD ($) $ in Thousands	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Discontinued operations
Net gains (losses) on sales of real estate	$ (19)		$ (19)	$ 570
Net operating losses	(146)	$ (81)	(416)	(523)
Impairment losses	(7)	(418)	(208)	(650)
Discontinued operations	$ (172)	$ (499)	$ (643)	$ (603)

Discontinued Operations (Details Textual) - USD ($)	1 Months Ended	6 Months Ended	9 Months Ended
Discontinued Operations (Details Textual) - USD ($)	Jun. 30, 2011	Jun. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Discontinued Operations (Textual) [Abstract]
Property sold	$ 1,300,000
Assets acquired through foreclosure sold during the period financing amount	1,172,000
Estimated fair value of collateral			$ 1,481,000	$ 0
Discontinued Operations (Additional Textual) [Abstract]
Deferred gains from property sales		$ 685,000
Proceeds from sale of assets	128,000		678,000	$ 111,000
Loss on the disposition of asset	$ 115,000
Property One [Member]
Discontinued Operations (Textual) [Abstract]
Property sold			1,375,000
Gain/loss from sales of property			0
Assets acquired through foreclosure sold during the period financing amount			825,000
Cash Proceeds From Sale of Property			550,000
Other Property [Member]
Discontinued Operations (Textual) [Abstract]
Gain/loss from sales of property			19,000
Estimated fair value of collateral			$ 76,000

Earnings (Loss) Per Share ("EPS") (Details Textual) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Earnings Per Share (Textual) [Abstract]
Weighted average diluted shares outstanding increased	0	14,000	26,000	55,000
Stock options not exercised	113,000	81,000	69,000	39,000

- Definition

Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Antidilution
-URI http://asc.fasb.org/extlink&oid=6505113

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Diluted Earnings Per Share
-URI http://asc.fasb.org/extlink&oid=6510752

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Contingent Stock Agreement
-URI http://asc.fasb.org/extlink&oid=6508534

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 40
-Subparagraph c
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 13, 14
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 07-4
-Paragraph 4
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 171
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Fair Value Measurements (Details) - USD ($) $ in Thousands	9 Months Ended
Fair Value Measurements (Details) - USD ($) $ in Thousands	Sep. 30, 2012	Sep. 30, 2011
Estimated fair value of impaired loans on nonrecurring basis
Impaired loans, Carrying value	$ 12,546	$ 8,832
Impaired loans, Provision for (Reduction of) Loan Losses	$ 341	$ 335

Fair Value Measurements (Details 1) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Activity for our real estate owned
Value - beginning of year			$ 1,259	$ 3,477
Cost of sales			(1,537)	(1,331)
Impairment losses	$ (7)	$ (418)	(208)	(650)
Value - end of year	$ 995	$ 1,905	995	1,905
Level 3 inputs [Member]
Activity for our real estate owned
Foreclosures			$ 1,481	$ 409

Fair Value Measurements (Details 2) - USD ($) $ in Thousands	Sep. 30, 2012	Dec. 31, 2011
Assets:
Loans receivable, net	$ 241,914	$ 234,427
Liabilities:
Secured borrowings - government guaranteed loans	41,287	32,546
Revolving credit facility	15,000	17,800
Junior subordinated notes	27,070	27,070
Carrying Amount [Member]
Assets:
Loans receivable, net	241,914	234,427
Liabilities:
SBIC debentures and structured notes payable	17,187	18,445
Secured borrowings - government guaranteed loans	41,287	32,546
Revolving credit facility	15,000	17,800
Junior subordinated notes	27,070	27,070
Estimated Fair Value [Member]
Assets:
Loans receivable, net	226,621	224,395
Liabilities:
SBIC debentures and structured notes payable	18,334	19,027
Secured borrowings - government guaranteed loans	41,287	32,546
Revolving credit facility	15,000	17,800
Junior subordinated notes	$ 22,586	$ 22,595

- Definition

The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.

+ References + Details

Commitments and Contingencies (Details) $ in Thousands	Sep. 30, 2012 USD ($)
Future minimum lease payments
2013	$ 210
2014	216
2015	91
Future Minimum Lease Payments, Total	$ 517

Commitments and Contingencies (Details Textual) $ in Millions	9 Months Ended
	Sep. 30, 2012 USD ($) Payment
Commitments and Contingencies (Textual) [Abstract]
Outstanding loan commitments and approvals to fund loans	$ 10.1
Outstanding non cash loan commitments	1.4
Prime-based loans	$ 6.9
Employment agreements with executive officer expiration date	Dec. 31, 2014
Severance compensation paid in terms of annual compensation	2.99 times the average of the last three years
Death payments in terms of annual salary paid \| Payment	2
Disability payments in terms of annual salary paid \| Payment	1
Lease expiration date of office space in Dallas, Texas	Feb. 01, 2015

Subsequent Event (Details Textual) - Subsequent Event [Member] $ / shares in Units, $ in Millions	9 Months Ended
	Sep. 30, 2012 USD ($) $ / shares
Subsequent Event (Textual) [Abstract]
Severance Costs \| $	$ 2.2
Quarterly cash dividend \| $ / shares	$ 0.12

- Definition

The charge against earnings in the period for known and estimated costs of termination benefits provided to current employees that are involuntarily terminated under a benefit arrangement associated with exit from or disposal of business activities or restructurings pursuant to a duly authorized plan, excluding costs or losses pertaining to an entity newly acquired in a business combination or a discontinued operation as defined by generally accepted accounting principles and costs associated with one-time termination benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB TOPIC 5.P.4(b))
-URI http://asc.fasb.org/extlink&oid=6394695&loc=d3e140904-122747

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (a)(10)
-URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e1928-114920

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 5.P.3)
-URI http://asc.fasb.org/extlink&oid=6394695&loc=d3e140864-122747

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3602-108585

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5-8
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 5
-Section P
-Subsection 3, 4

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 146
-Paragraph 8-13, 20
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Staff Position (FSP)
-Number FAS146-1
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 112
-Paragraph 7
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details