ALLOWANCE FOR ESTIMATED LOSSES

12 Months Ended

Dec. 31, 2012

ALLOWANCE FOR ESTIMATED LOSSES

ALLOWANCE FOR ESTIMATED LOSSES

  NOTE 4.     ALLOWANCE FOR ESTIMATED LOSSES

The allowance account was reviewed and there were no additional allowances recorded for receivables in 2012.  The decrease in 2012 was due to two notes that were written off in the current year, both  of which were fully reserved.  The decrease in 2011 was due to a loan payment that had an allowance.  The allowance account was reviewed and increased in 2010.  The table below shows our allowance for estimated losses (dollars in thousands):  

	2012			2011			2010
Balance January 1,	$	3,942		$	4,741		$	2,804
(Decrease) Increase in provision		(1,680	)		(799	)		1,937
Balance December 31,	$	2,262		$	3,942		$	4,741