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CONSOLIDATED STATEMENTS OF EARNINGS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenues:        
Servicing fees ($3,170 and $2,303 from affiliates for the three-month periods, respectively, and $8,675 and $4,530 from affiliates for the six-month periods, respectively) $ 3,397 $ 2,480 $ 9,141 $ 4,905
Income from Portfolio Assets 5,865 9,098 14,370 21,938
Gain on sale of SBA loans held for sale, net 284 646 856 1,530
Interest income from SBA loans 382 325 737 674
Interest income from loans receivable - affiliates 290 773 570 1,511
Interest income from loans receivable - other 91 112 192 300
Revenue from railroad operations 1,951 1,430 3,636 2,860
Other income 2,034 2,054 4,579 3,977
Total revenues 14,294 16,918 34,081 37,695
Costs and expenses:        
Interest and fees on notes payable to banks and other 1,334 3,378 3,072 6,961
Interest and fees on notes payable to affiliates   386   766
Salaries and benefits 5,318 5,525 11,446 10,674
Provision for loan and impairment losses 769 178 1,239 817
Asset-level expenses 912 1,730 1,975 3,144
Costs and expenses from railroad operations 1,471 882 2,699 1,767
Other costs and expenses 4,449 2,706 7,770 4,867
Total costs and expenses 14,253 14,785 28,201 28,996
Earnings before other revenue and income taxes 41 2,133 5,880 8,699
Equity income from unconsolidated subsidiaries 2,081 3,283 6,548 5,154
Gain on business combinations 935 278 935 278
Gain on sale of subsidiaries       5
Earnings before income taxes 3,057 5,694 13,363 14,136
Income tax expense 5 1,024 838 1,626
Net earnings 3,052 4,670 12,525 12,510
Less: Net income attributable to noncontrolling interests 1,565 2,242 2,673 6,357
Net earnings attributable to FirstCity $ 1,487 $ 2,428 $ 9,852 $ 6,153
Basic earnings per share of common stock (in dollars per share) $ 0.14 $ 0.24 $ 0.94 $ 0.60
Diluted earnings per share of common stock (in dollars per share) $ 0.14 $ 0.24 $ 0.93 $ 0.60