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Note 7 - Other Assets
3 Months Ended
Mar. 31, 2020
Notes to Financial Statements  
Other Assets Disclosure [Text Block]

7. Other Assets

 

Mortgages and Other Financing Receivables -

 

The Company has various mortgages and other financing receivables which consist of loans acquired and loans originated by the Company. The Company reviews payment status to identify performing versus non-performing loans. As of March 31, 2020, the Company had a total of seven loans aggregating $7.8 million, all of which were identified as performing loans.

 

Assets Held-For-Sale -

 

At March 31, 2020, the Company had a property classified as held-for-sale at a net carrying amount of $1.3 million (including accumulated depreciation and amortization of $1.1 million). The Company’s determination of the fair value of the property was based upon an executed contract of sale with a third party, which is in excess of the book value of this property.