Variable Interest Entities (Tables)

6 Months Ended

Jun. 30, 2012

Consolidated VIEs

Variable interest entities

Schedule of the carrying amount and classification of assets and liabilities of consolidated VIEs included in consolidated balance sheet

	Special-Purpose
(Dollars in thousands)	Investment VIEs
Cash	$	18,536
Portfolio Assets, net	68,884
Loans receivable	39,336
Equity investments	41,465
Other assets	37,745
Total assets of consolidated VIEs (1)	$	205,966
Notes payable (2)	133,221
Other liabilites (2)	17,397
Total liabilities of consolidated VIEs	$	150,618

(1)These assets can only be used to settle the liabilities of these consolidated VIEs.

(2)Includes $43.9 million of notes payable and $17.3 million of other liabilities for which creditors do not have recourse to FirstCity.

Unconsolidated VIEs

Variable interest entities

Schedule of the carrying amount and classification of assets and liabilities of consolidated VIEs included in consolidated balance sheet

	Assets on FirstCity’s Consolidated Balance Sheet					FirstCity’s Maximum
	Loans		Equity			Exposure
Type of VIE	Receivable		Investment			to Loss (1)
	(Dollars in thousands)
Acquisition Partnership VIEs	$	—	$	(811	)	$	1,018
Operating Entity VIEs	7,765		(91		)	7,674
Total	$	7,765	$	(902	)	$	8,692

(1)Includes maximum exposure to loss attributable to FirstCity’s debt guarantees provided for certain Acquisition Partnership VIEs.