Note 5 - Real Estate Owned (REO), Held for Sale (Tables)

6 Months Ended

Jun. 30, 2012

REO, Held for Sale Activity and Changes in the Net Realizable Values

	Six months ended June 30,
	2012			2011
Balance, January 1	$	48,406		$	54,206
Dispositions		(25,014	)		(18,664	)
Improvements/betterments/(refunds)		281			(75	)
Designated to REO held as investment		(8,250	)		—
Changes in net realizable value		(119	)		(1,750	)
Balance, June 30	$	15,304		$	33,717
Property type
Single family	$	140		$	7,461
Multi-family		11,714			14,556
Commercial		3,450			11,700
Balance, June 30,	$	15,304		$	33,717
Number of properties, June 30		5			7

Results of Operations for Rental Properties in REO, Held for Sale

	Three months ended June 30,					Six months ended June 30,
	2012		2011			2012		2011
Rental income	$	77	$	164		$	186	$	540
Operating expenses
Administration and payroll		5		38			22		100
Homeowner association fees		—		—			2		—
Receiver fees		3		(1	)		14		22
Utilities and maintenance		10		45			32		118
Advertising and promotions		—		(1	)		—		1
Property taxes		7		27			17		91
Other		—		14			4		19
Total operating expenses		25		122			91		351
Net operating income		52		42			95		189
Depreciation		—		—			—		—
Rental operations, net(1)	$	52		42		$	95	$	189