XML 64 R93.htm IDEA: XBRL DOCUMENT v2.4.0.8
VARIABLE INTEREST ENTITIES RSO Balance Sheet (Details) (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2013
Dec. 31, 2012
Sep. 30, 2012
Dec. 31, 2011
ASSETS        
Cash and cash equivalents $ 19,439 $ 11,899 $ 19,393 $ 12,803
Investment securities, trading 3,672 5,365    
Total investment securities, at fair value 9,758 10,576    
Total assets 2,443,511 2,636,764 2,488,458  
Liabilities:        
Liabilities 1,536,415 1,902,974    
Stockholders' Equity 154,938 151,188    
Assets and liabilities of consolidated VIEs included        
Total assets of consolidated VIE - RSO 2,271,468 2,476,557    
Total liabilities of consolidated VIE - RSO 1,485,385 1,856,839    
Resource Capital Corp [Member]
       
ASSETS        
Cash and cash equivalents 144,463 85,278 112,732 43,116
Restricted cash 59,195 94,112    
Cash and cash equivalents (including restricted cash) 203,658 179,390    
Investment securities, trading 12,099 24,843 24,843  
Investment securities available-for-sale, pledged as collateral, at fair value 173,994 195,200    
Investment securities available-for-sale, at fair value 46,690 36,390    
Total investment securities, at fair value 232,783 256,433    
Loans 1,644,587 1,849,428    
Investment in real estate 55,144 75,386    
Investments in unconsolidated entities 72,955 45,413    
Investments, at fair value 128,099 120,706    
Linked transactions, net at fair value 29,978 6,835    
Interest receivable 8,078 7,763    
Deferred tax assets, net 3,268 2,766    
Principal paydown receivable 7 25,570    
Intangible assets 11,728 13,192    
Prepaid expenses 4,961 10,396    
Other assets 4,347 4,109    
Other assets 62,341 70,600    
Total assets 2,271,468 2,476,557    
Liabilities:        
Borrowings 1,422,430 1,785,600    
Distribution payable 26,796 21,655    
Accrued interest expense 2,708 2,918    
Derivatives, at fair value 12,208 14,687    
Accrued tax liability 4,989 13,641    
Deferred tax liability 7,690 8,376    
Accrued expenses and other liabilities 12,829 18,029    
Other liabilities 62,955 71,239    
Liabilities 1,485,385 1,856,839    
Noncontrolling interests 751,940 582,323    
Reportable Legal Entities [Member]
       
Liabilities:        
Stockholders' Equity 148,464      
Assets and liabilities of consolidated VIEs included        
Total liabilities of consolidated VIE - RSO 1,489,650      
Reportable Legal Entities [Member] | Resource Capital Corp [Member]
       
ASSETS        
Loans held for sale 332,351 48,894    
Loans, pledged as collateral and net of allowances of $12.9 million and $17.7 million 1,305,739 1,793,780    
Loans receivable–related party 8,067 8,324    
Loans 1,646,157 1,850,998    
Investments, at fair value 128,099 120,799    
Other assets 62,367 70,631    
Total assets 2,273,064 2,478,251    
Liabilities:        
Other liabilities 67,220 79,306    
Liabilities 1,489,650 1,864,906    
Stockholders' Equity 783,414 613,345    
Consolidation, Eliminations [Member] | Resource Capital Corp [Member]
       
ASSETS        
Loans (1,570) (1,570)    
Investments, at fair value 0 (93)    
Other assets (26) (31)    
Liabilities:        
Other liabilities (4,265) (8,067)    
Stockholders' Equity (31,474) (31,022)    
VIE, Primary Beneficiary [Member] | Resource Capital Corp [Member]
       
Assets and liabilities of consolidated VIEs included        
Restricted cash 53,752 90,108    
Investment securities available-for-sale, pledged as collateral, at fair value 110,993 135,566    
Loans held for sale 332,351 14,894    
Loans, pledged as collateral and net of allowances of $7.3 million and $15.2 million 981,513 1,678,719    
Interest receivable 5,506 5,986    
Prepaid assets 254 328    
Principal receivable 7 25,570    
Other assets 35 333    
Total assets of consolidated VIE - RSO 1,484,411 1,951,504    
Borrowings 1,166,209 1,614,882    
Accrued interest expense 2,184 2,666    
Derivatives, at fair value 11,766 14,078    
Accounts payable and other liabilities 646 698    
Total liabilities of consolidated VIE - RSO $ 1,180,805 $ 1,632,324