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SCHEDULE IV MORTGAGE LOANS ON REAL ESTATE
 12 Months Ended
Dec. 31, 2013
SCHEDULE IV MORTGAGE LOANS ON REAL ESTATE  
SCHEDULE IV MORTGAGE LOANS ON REAL ESTATE

SCHEDULE IV

MORTGAGE LOANS ON REAL ESTATE

December 31, 2013

(dollars in thousands)

Location
  Interest
Rate		   Final
Maturity Date		   Periodic Payment Terms   Face
Amount of
Mortgage(1)		   Carrying
Amount
of Mortgage		   Principal Amount of
Loans Subject to
Delinquent Principal
or Interest		  

Salina, NY

   6.00%     4/30/2019   Interest payable monthly in arrears.
$419 due at maturity.		   $ 419     419   $ —  

Dearborn, MI

   6.00%     1/24/2023   Interest payable monthly in arrears.
$7,688 due at maturity.		     7,688     7,688     —  
                             
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

 

                 $ 8,107   $ 8,107   $ —  
                             
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                             

Reconciliation of the carrying amount of mortgage loans at the beginning of the period:

                    

Balance at January 1, 2011

    $ 8,183              

Collections of principal

      (8,183 )            
                                 
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Balance at December 31, 2011

      —              

New mortgage loans

      1,419              
                                 
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Balance at December 31, 2012

      1,419              

New mortgage loans

      7,688              

Collections of principal

      (1,000 )            
                                 
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Balance at December 31, 2013

    $ 8,107              
                                 
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                                 
(1)
Also represents cost for federal income tax purposes.