Schedule IV (Consolidated) - Mortgage Loans on Real Estate

12 Months Ended

Dec. 31, 2018

Mortgage Loans on Real Estate [Abstract]

SCHEDULE IV (CONSOLIDATED) - MORTGAGE LOANS ON REAL ESTATE

THE ST. JOE COMPANY

SCHEDULE IV (CONSOLIDATED) - MORTGAGE LOANS ON REAL ESTATE

DECEMBER 31, 2018

(in thousands)

									Principal Amount of
			Periodic		Face		Carrying		Loans Subject to
			Payment		Amount of		Amount of		Delinquent Principal
Description (a)	Interest Rate	Final Maturity Date	Terms	Prior Liens	Mortgages		Mortgages		or Interest
Seller financing, residential homesites	5.5%	September 2019	P&I(b)	—	$	749	$	749	—
Seller financing, residential homesites	5.5%	June 2019	P&I(b)	—		422		422	—
Seller financing, residential homesites	6.3%	March 2020	P&I(c)	—		150		150	—
Various other seller financing, rural land	6.4% to 6.7%	December 2022 through November 2023	P&I(d)	—		141		141	—
Total(e)					$	1,462	$	1,462

(a) All seller financed properties are located in Northwest Florida.

(b) Annual principal payment of $0.1 million due and interest is paid quarterly over a twenty year amortization schedule. On the maturity date, all outstanding principal, all accrued interest and any other customary charges shall be due and payable in full.

(c) Annual principal payment of $0.1 million due and interest is accrued over a twenty year amortization schedule. On the maturity date, all outstanding principal, all accrued interest and any other customary charges shall be due and payable in full.

(d) Principal and interest is paid monthly.

(e) The aggregate cost for federal income tax purposes approximates the amount of unpaid principal.

The summarized changes in the carrying amount of mortgage loans are as follows:

	December 31,		December 31,		December 31,
	2018		2017		2016
Balance at beginning of the year	$	2,995	$	242	$	570
Additions during the year - new mortgage loans		1,471		2,821		—
Deductions during the year:
Collections of principal		3,004		68		328
Foreclosures		—		—		—
Balance at the end of the year	$	1,462	$	2,995	$	242