Note 12 - Other Assets

12 Months Ended

Dec. 31, 2020

Notes to Financial Statements

Other Assets Disclosure [Text Block]

12.  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. For a complete listing of the Company’s mortgages and other financing receivables at December 31, 2020, see Financial Statement Schedule IV included in this annual report on Form 10-K.

The following table reconciles mortgage loans and other financing receivables from January 1, 2018 to December 31, 2020 (in thousands):

	2020			2019			2018
Balance at January 1,	$	7,829		$	14,448		$	21,838
Additions:
New mortgage and other loans		25,500			3,750			14,825
Additions under existing mortgage loans		-			48			-
Foreign currency translation		-			-			116
Amortization of loan discounts		-			33			125
Deductions:
Loan repayments		(25	)		(10,136	)		(21,012	)
Collections of principal		(152	)		(313	)		(1,287	)
Charge off/foreign currency translation		-			-			(155	)
Allowance for credit losses		(906	)		-			-
Amortization of loan costs		-			(1	)		(2	)
Balance at December 31,	$	32,246		$	7,829		$	14,448

The Company reviews payment status to identify performing versus non-performing loans. As of December 31, 2020, the Company had a total of eight loans, all of which were identified as performing loans.