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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Finance and Servicing:        
Servicing fees ($2,303 and $1,551 from affiliates for the three month periods, respectively, and $4,530 and $3,446 from affiliates for the six month periods, respectively) $ 2,480 $ 1,743 $ 4,905 $ 3,746
Income from Portfolio Assets 9,098 14,622 21,938 26,085
Gain on sale of SBA loans held for sale, net 646 163 1,530 163
Gain on sale of investment securities   3,250   3,250
Interest income from SBA loans 325 313 674 581
Interest income from loans receivable - affiliates 773 773 1,511 1,727
Interest income from loans receivable - other 112 229 300 361
Other income 2,054 1,565 3,982 2,696
Total finance and servicing 15,488 22,658 34,840 38,609
Manufacturing and Railroad:        
Operating revenues - manufacturing   6,107   10,466
Operating revenues - railroad 1,430 1,196 2,860 2,461
Total manufacturing and railroad 1,430 7,303 2,860 12,927
Total revenues 16,918 29,961 37,700 51,536
Finance and Servicing:        
Interest and fees on notes payable to banks and other 3,378 3,334 6,961 6,376
Interest and fees on notes payable to affiliates 386 400 766 792
Salaries and benefits 5,525 6,001 10,674 11,072
Provision for loan and impairment losses 178 2,625 817 4,327
Asset-level expenses 1,730 2,103 3,144 3,724
Other 2,706 3,306 4,867 6,502
Total finance and servicing 13,903 17,769 27,229 32,793
Manufacturing and Railroad:        
Cost of revenues and operating costs - manufacturing   5,952   10,788
Cost of revenues and operating costs - railroad 882 627 1,767 1,233
Total manufacturing and railroad 882 6,579 1,767 12,021
Total costs and expenses 14,785 24,348 28,996 44,814
Earnings before other revenue and income taxes 2,133 5,613 8,704 6,722
Equity in earnings of unconsolidated subsidiaries 3,283 1,816 5,154 4,045
Gain on business combinations 278   278 891
Earnings from continuing operations before income taxes 5,694 7,429 14,136 11,658
Income tax expense 1,024 1,205 1,626 719
Earnings from continuing operations, net of tax 4,670 6,224 12,510 10,939
Income from discontinued operations   4,643   4,643
Net earnings 4,670 10,867 12,510 15,582
Less: Net income attributable to noncontrolling interests 2,242 2,802 6,357 7,416
Net earnings attributable to FirstCity $ 2,428 $ 8,065 $ 6,153 $ 8,166
Basic earnings per share of common stock:        
Earnings from continuing operations (in dollars per share) $ 0.24 $ 0.35 $ 0.60 $ 0.36
Discontinued operations (in dollars per share)   $ 0.46   $ 0.46
Net earnings (in dollars per share) $ 0.24 $ 0.81 $ 0.60 $ 0.82
Diluted earnings per share of common stock:        
Earnings from continuing operations (in dollars per share) $ 0.24 $ 0.34 $ 0.60 $ 0.35
Discontinued operations (in dollars per share)   $ 0.46   $ 0.46
Net earnings (in dollars per share) $ 0.24 $ 0.80 $ 0.60 $ 0.81