XML 105 R51.htm IDEA: XBRL DOCUMENT v2.4.0.8
Loans and Investments (Details 4) (USD $)
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Loans and Investments      
Charge-offs $ (43,713,459) $ (46,585,800) $ (58,773,493)
Recoveries (2,215,443) (917,966) (6,124,954)
Net Charge-offs (41,498,016) (45,667,834) (52,648,539)
Ratio of net charge-offs during the period to average loans and investments outstanding during the period 0.026 0.030 0.034
Unpaid Principal Balance 217,908,305 250,539,283  
Carrying value 207,471,246 240,211,152  
Allowance for Loan losses 122,277,411 161,706,313  
Average Recorded Investment 227,388,042 269,921,863  
Interest Income Recognized 4,152,434 2,984,811  
Multi-family
     
Loans and Investments      
Charge-offs (4,789,815) (10,773,141) (38,308,816)
Recoveries (1,510,949) (121,898) (2,243,197)
Unpaid Principal Balance 65,735,773 59,468,463  
Carrying value 65,186,623 59,277,872  
Allowance for Loan losses 50,786,697 53,587,461  
Average Recorded Investment 62,602,118 63,331,880  
Interest Income Recognized 2,566,914 794,633  
Office
     
Loans and Investments      
Charge-offs (6,252,129) (5,812,659) (7,114,677)
Recoveries (704,494) (796,068) (3,881,757)
Unpaid Principal Balance 36,086,582 38,362,808  
Carrying value 29,474,065 30,545,156  
Allowance for Loan losses 23,972,444 28,929,067  
Average Recorded Investment 37,224,695 41,732,535  
Interest Income Recognized 1,585,520 1,419,615  
Land
     
Loans and Investments      
Charge-offs (19,000,000)    
Unpaid Principal Balance 116,085,950 139,036,505  
Carrying value 112,810,558 136,716,617  
Allowance for Loan losses 47,518,270 65,518,270  
Average Recorded Investment 127,561,228 136,185,941  
Hotel
     
Loans and Investments      
Charge-offs (3,671,515) (30,000,000) (13,350,000)
Unpaid Principal Balance   3,671,507  
Carrying value   3,671,507  
Allowance for Loan losses   3,671,515  
Average Recorded Investment   18,671,507  
Interest Income Recognized   596,643  
Condo
     
Loans and Investments      
Charge-offs (10,000,000)    
Unpaid Principal Balance   10,000,000  
Carrying value   10,000,000  
Allowance for Loan losses   10,000,000  
Average Recorded Investment   10,000,000  
Interest Income Recognized   $ 173,920