CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified	Mar. 31, 2012		Dec. 31, 2011
ASSETS
Cash and cash equivalents	$ 41,044		$ 34,802
Restricted cash	1,385		1,229
Portfolio Assets:
Loan portfolios, net of allowance for loan losses of $753 and $781	83,050		97,090
Real estate held for sale, net	16,921		26,856
Total Portfolio Assets	99,971		123,946
Loans receivable:
Loans receivable - affiliates	6,677		6,719
Loans receivable - SBA held for sale	3,260		7,614
Loans receivable - SBA held for investment, net of allowance for loan losses of $441 and $333	19,389		19,151
Loans receivable - other, net of allowance for loan losses of $1,083	10,129		12,212
Total loans receivable, net	39,455		45,696
Investment securities available for sale	3,936		3,798
Investments in unconsolidated subsidiaries	116,008		109,393
Service fees receivable ($3,227 and $834 from affiliates)	3,302		913
Servicing assets - SBA loans	1,153		1,090
Assets held for sale	10,402		9,886
Other assets	24,729		25,593
Total Assets	341,385	[1]	356,346	[1]
Liabilities:
Notes payable to banks and other	165,304		189,936
Liabilities associated with assets held for sale	5,293		5,317
Other liabilities	23,830		23,690
Total Liabilities	194,427	[2]	218,943	[2]
Commitments and contingencies (Note 18)
Stockholders' equity:
Optional preferred stock (par value $.01 per share; 98,000,000 shares authorized; no shares issued or outstanding)
Common stock (par value $.01 per share; 100,000,000 shares authorized; shares issued: 12,056,197 and 11,890,590, respectively; shares outstanding: 10,556,197 and 10,390,590, respectively)	121		119
Treasury stock, at cost: 1,500,000 shares	(10,923)		(10,923)
Paid in capital	106,532		106,330
Retained earnings	26,756		18,391
Accumulated other comprehensive loss	(204)		(1,941)
FirstCity Stockholders' Equity	122,282		111,976
Noncontrolling interests	24,676		25,427
Total Equity	146,958		137,403
Total Liabilities and Equity	$ 341,385		$ 356,346

[1] Our consolidated assets at March 31, 2012 and December 31, 2011 include the following assets of certain variable interest entities ("VIEs") that can only be used to settle the liabilities of those VIEs: Cash and cash equivalents, $28.6 million and $20.4 million; Portfolio Assets, $78.6 million and $98.4 million; Loans receivable, $39.5 million and $45.7 million; Equity investments, $55.0 million and $51.7 million; various other assets, $35.8 million and $35.9 million; and Total assets, $237.5 million and $252.2 million, respectively.

[2] Our consolidated liabilities at March 31, 2012 and December 31, 2011 include the following VIE liabilities for which the VIE creditors do not have recourse to FirstCity: Notes payable, $56.5 million and $70.2 million; Other liabilities, $18.5 million and $19.0 million; and Total liabilities, $75.0 million and $89.2 million, respectively.