MORTGAGE LOANS (Tables)

12 Months Ended

Dec. 31, 2012

MORTGAGE LOANS

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, 2012:

	Percentage of
	Mortgage Loans
Type	on Real Estate
Retail	67.4	%
Office Buildings	13.7
Apartments	9.4
Warehouses	7.4
Other	2.1
	100.0	%

Schedule of mortgage loans by location of properties

	Percentage of
	Mortgage Loans
State	on Real Estate
Texas	11.6	%
Georgia	8.9
Alabama	7.6
Tennessee	7.3
Florida	7.0
Ohio	5.4
North Carolina	5.2
South Carolina	4.9
Utah	4.5
California	3.1
	65.5	%

Schedule of changes in the allowance for mortgage loan credit losses

	As of December 31,
	2012			2011
	(Dollars In Thousands)
Beginning balance	$	4,975		$		11,650
Charge offs	(8,340		)	(16,278			)
Recoveries	(628		)	(2,471			)
Provision	6,868			12,074
Ending balance	$	2,875		$	4,975

Schedule of an analysis of the delinquent loans

An analysis of the delinquent loans is shown in the following chart as of December 31, 2012.

					Greater
	30-59 Days		60-89 Days		than 90 Days		Total
	Delinquent		Delinquent		Delinquent		Delinquent
	(Dollars In Thousands)
Commercial mortgage loans	$	12,149	$	2,270	$	—	$	14,419
Number of delinquent commercial mortgage loans	7		1		—		8

Schedule of information regarding impaired loans

			Unpaid				Average		Interest		Cash Basis
	Recorded		Principal		Related		Recorded		Income		Interest
	Investment		Balance		Allowance		Investment		Recognized		Income
	(Dollars In Thousands)
2012
Commercial mortgage loans:
With no related allowance recorded	$	13,044	$	14,419	$	—	$	2,609	$	53	$	69
With an allowance recorded	13,927		13,927		2,875		3,482		154		154
2011
Commercial mortgage loans:
With no related allowance recorded	$	6,338	$	9,346	$	—	$	2,113	$	34	$	34
With an allowance recorded	14,021		14,021		4,975		7,010		117		181