XML 52 R36.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 4 - Loans (Detail) - Secured Loans by Lien Position in the Collateral (USD $)
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Loans 39 49
Secured loans – principal (in Dollars) $ 60,870,000 $ 73,386,000
Percent 100.00% 100.00%
Liens due other lenders at loan closing (in Dollars) 80,875,000 114,550,000
Total debt (in Dollars) 141,745,000 187,936,000
Appraised property value at loan closing (in Dollars) 199,392,000 275,909,000
Percent of total debt to appraised values (LTV) at loan closing (1) 71.10% [1] 68.12% [1]
First Trust Deeds [Member]
   
Loans 17 21
Secured loans – principal (in Dollars) 33,785,000 29,361,000
Percent 56.00% 40.00%
Second Trust Deeds [Member]
   
Loans 21 26
Secured loans – principal (in Dollars) 26,789,000 43,523,000
Percent 44.00% 59.00%
Third Trust Deeds [Member]
   
Loans 1 2
Secured loans – principal (in Dollars) $ 296,000 $ 502,000
Percent   1.00%
[1] Based on appraised values and liens due other lenders at loan closing. The loan to value computation does not take into account subsequent increases or decreases in security property values following the loan closing nor does it include decreases or increases of the amount owing on senior liens to other lenders by payments or interest accruals, if any. Property values likely have changed, particularly over the last three years, and the portfolio's current loan to value ratio likely is higher than this historical ratio.