MORTGAGE LOANS (Tables)

12 Months Ended

Dec. 31, 2015

Schedule of the breakdown of the commercial mortgage loan portfolio by property type

The following table includes a breakdown of the Company’s commercial mortgage loan portfolio by property type as of December 31, 2015 (Successor Company):



Type	Percentage of Mortgage Loans on Real Estate
Retail	60.9	%
Office Buildings	13.0
Apartments	7.4
Warehouses	8.6
Senior housing	6.4
Other	3.7
	100.0	%

Schedule of mortgage loans by location of properties

Approximately 62.8% of the mortgage loans are on properties located in the following states:



State	Percentage of Mortgage Loans on Real Estate
Alabama	10.6	%
Texas	9.3
Georgia	7.4
Florida	6.5
Tennessee	6.4
Utah	5.3
North Carolina	4.7
South Carolina	4.5
Ohio	4.2
California	3.9
	62.8	%

Schedule of changes in the allowance for mortgage loan credit losses

A charge off is recorded by eliminating the allowance against the mortgage loan and recording the renegotiated loan or the collateral property related to the loan as investment real estate on the balance sheet, which is carried at the lower of the appraised fair value of the property or the unpaid principal balance of the loan, less estimated selling costs associated with the property:



	Successor Company			Predecessor Company
	February 1, 2015 to December 31, 2015			January 1, 2015 to January 31, 2015			As of December 31,
	February 1, 2015 to December 31, 2015			January 1, 2015 to January 31, 2015			2014
	(Dollars In Thousands)			(Dollars In Thousands)
Beginning balance	$	—		$	5,720		$	3,130
Charge offs	(2,561		)	(861		)	(675		)
Recoveries	(638		)	(2,359		)	(2,600		)
Provision	3,199			—			5,865
Ending balance	$	—		$	2,500		$	5,720

Schedule of an analysis of the delinquent loans

An analysis of the delinquent loans is shown in the following chart:



	30-59 Days Delinquent		60-89 Days Delinquent		Greater than 90 Days Delinquent		Total Delinquent
	(Dollars In Thousands)
Successor Company
As of December 31, 2015
Commercial mortgage loans	$	6,002	$	1,033	$	—	$	7,035
Number of delinquent commercial mortgage loans	6		1		—		7

	30-59 Days Delinquent		60-89 Days Delinquent		Greater than 90 Days Delinquent		Total Delinquent
	(Dollars In Thousands)
Predecessor Company
As of December 31, 2014
Commercial mortgage loans	$	8,972	$	—	$	1,484	$	10,456
Number of delinquent commercial mortgage loans	4		—		1		5

Schedule of information regarding impaired loans

For information regarding impaired loans, please refer to the following chart:



	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized		Cash Basis Interest Income
	(Dollars In Thousands)
Successor Company
As of December 31, 2015
Commercial mortgage loans:
With no related allowance recorded	$	1,694	$	1,728	$	—	$	847	$	104	$	117
With an allowance recorded	—		—		—		—		—		—

	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized		Cash Basis Interest Income
	(Dollars In Thousands)
Predecessor Company
As of December 31, 2014
Commercial mortgage loans:
With no related allowance recorded	$	—	$	—	$	—	$	—	$	—	$	—
With an allowance recorded	19,632		20,603		5,720		3,272		1,224		1,280

Schedule of mortgage loans that were modified in a troubled debt restructuring

Mortgage loans that were modified in a troubled debt restructuring as of December 31, 2014 (Predecessor Company) were as follows:



	Number of contracts	Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment
		(Dollars In Thousands)
Predecessor Company
As of December 31, 2014
Troubled debt restructuring:
Commercial mortgage loans	6	$	28,648	$	19,593