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CONSOLIDATED STATEMENTS OF EARNINGS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenues:        
Servicing fees ($3,556 and $2,529 from affiliates for the three-month periods, respectively, and $12,230 and $7,059 from affiliates for the nine-month periods, respectively) $ 3,745 $ 2,829 $ 12,886 $ 7,734
Income from Portfolio Assets 7,741 11,964 22,111 33,902
Gain on sale of SBA loans held for sale, net 248 306 1,104 1,836
Interest income from SBA loans 408 350 1,145 1,024
Interest income from loans receivable - affiliates 186 723 756 2,234
Interest income from loans receivable - other 72 149 264 449
Revenue from railroad operations 4,245 2,157 7,881 5,017
Other income 2,169 1,774 6,748 5,751
Total revenues 18,814 20,252 52,895 57,947
Costs and expenses:        
Interest and fees on notes payable to banks and other 1,230 3,195 4,302 10,156
Interest and fees on notes payable to affiliates   374   1,140
Salaries and benefits 5,785 5,360 17,231 16,034
Provision for loan and impairment losses 2,169 1,553 3,408 2,370
Asset-level expenses 844 1,572 2,819 4,716
Costs and expenses from railroad operations 3,271 1,211 5,970 2,978
Other costs and expenses 3,672 4,114 11,442 8,981
Total costs and expenses 16,971 17,379 45,172 46,375
Earnings before other revenue and income taxes 1,843 2,873 7,723 11,572
Equity income from unconsolidated subsidiaries 4,249 2,777 10,797 7,931
Gain on business combinations   155 935 433
Gain on sale of subsidiaries 746   746 5
Earnings before income taxes 6,838 5,805 20,201 19,941
Income tax expense (benefit) (59) 421 779 2,047
Net earnings 6,897 5,384 19,422 17,894
Less: Net income attributable to noncontrolling interests 2,130 2,654 4,803 9,011
Net earnings attributable to FirstCity $ 4,767 $ 2,730 $ 14,619 $ 8,883
Basic earnings per share of common stock (in dollars per share) $ 0.45 $ 0.26 $ 1.39 $ 0.86
Diluted earnings per share of common stock (in dollars per share) $ 0.45 $ 0.26 $ 1.38 $ 0.86