MORTGAGE LOANS (Tables)

9 Months Ended

Sep. 30, 2018

MORTGAGE LOANS

Allowance for Credit Losses on Financing Receivables

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.

	For The Nine Months Ended September 30, 2018
	(Dollars In Thousands)
Beginning balance, December 31, 2017	$	—
Charge offs	—
Recoveries	(24		)
Provision	1,505
Ending balance, September 30, 2018	$	1,481

Schedule of an Analysis of the Delinquent Loans

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

					Greater
	30-59 Days		60-89 Days		than 90 Days		Total
As of September 30, 2018	Delinquent		Delinquent		Delinquent		Delinquent
	(Dollars In Thousands)
Commercial mortgage loans	$	1,180	$	—	$	1,243	$	2,423
Number of delinquent commercial mortgage loans	1		—		1		2
As of December 31, 2017
Commercial mortgage loans	$	1,817	$	—	$	—	$	1,817
Number of delinquent commercial mortgage loans	2		—		—		2

Impaired Financing Receivables

	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized		Cash Basis Interest Income
	(Dollars In Thousands)
As of September 30, 2018
Commercial mortgage loans:
With no related allowance recorded	$	—	$	—	$	—	$	—	$	—	$	—
With an allowance recorded	5,714		5,327		1,481		1,905		197		225
As of December 31, 2017
Commercial mortgage loans:
With no related allowance recorded	$	—	$	—	$	—	$	—	$	—	$	—
With an allowance recorded	—		—		—		—		—		—

Schedule of Mortgage Loans Modified in Troubled Debt Restructuring

Mortgage loans that were modified in a troubled debt restructuring as of September 30, 2018 and December 31, 2017 were as follows:

	Number of Contracts	Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment
	(Dollars In Thousands)
As of September 30, 2018
Troubled debt restructuring:
Commercial mortgage loans	1	$	2,694	$	1,748
As of December 31, 2017
Troubled debt restructuring:
Commercial mortgage loans	1	$	418	$	418