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Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ (15,266,000) $ (5,248,000)
Adjustments to reconcile net loss from operations to net cash provided by operating activities:    
Provision for loan losses 33,482,000 28,514,000
Paid-in-kind interest (634,000) (425,000)
Depreciation and amortization 2,933,000 4,186,000
Decrease in deferred and other tax liabilities (3,240,000) (1,560,000)
Amortization of origination fees, net 2,891,000 2,389,000
Net change in loan collateral in process of foreclosure 11,282,000 7,411,000
Net realized losses on investments 3,555,000  
Net change in unrealized appreciation on investments   (96,000)
Stock-based compensation expense 987,000 505,000
Gain on extinguishment of debt   (4,145,000)
(Increase) decrease in accrued interest receivable 2,106,000 (329,000)
Increase in other assets (5,518,000) (5,505,000)
Increase in accounts payable and accrued expenses 653,000 139,000
Increase in accrued interest payable 172,000 353,000
Net cash provided by operating activities 33,403,000 26,189,000
CASH FLOWS FROM INVESTING ACTIVITIES    
Loans originated (264,514,000) (240,523,000)
Proceeds from principal receipts, sales, and maturities of loans 137,286,000 122,106,000
Purchases of investments (7,796,000) (1,650,000)
Proceeds from principal receipts, sales, and maturities of investments 8,397,000 2,877,000
Proceeds from the sale and principal payments on loan collateral in process of foreclosure 6,179,000 9,167,000
Net cash used for investing activities (120,448,000) (108,023,000)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from time deposits and funds borrowed 344,982,000 292,725,000
Repayments of time deposits and funds borrowed (218,855,000) (195,272,000)
Distributions to non-controlling interests (3,019,000) (1,184,000)
Net cash provided by financing activities 123,108,000 96,269,000
NET INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH 36,063,000 14,435,000
Cash, cash equivalents and restricted cash, beginning of period [1] 67,821,000 57,713,000
Cash, cash equivalents and restricted cash, end of period [1] 103,884,000 72,148,000
SUPPLEMENTAL INFORMATION    
Cash paid during the period for interest 16,355,000 15,077,000
Cash paid during the period for income taxes 81,000 120,000
NON-CASH INVESTING    
Loans transferred to loan collateral in process of foreclosure, net $ 12,125,000 $ 19,451,000
[1] Includes federal funds sold.