Debt:

3 Months Ended

Mar. 31, 2012

Debt: [Abstract]

Debt:

Note 5. Debt:

Information on our debt was as follows:

	Carrying Value (1)				Weighted Average Coupon Rate  at
	March 31,		December 31,		March 31,			December 31,
	2012		2011		2012			2011
	(Dollars in thousands, except footnotes)
Secured borrowings - government guaranteed loans:
Loans sold for a premium and excess spread	$	31,905	$	26,569		3.77	%		3.77	%
Loans sold for excess spread		5,941		5,977		1.58	%		1.58	%
		37,846		32,546
Junior subordinated notes		27,070		27,070		3.83	%		3.62	%
Revolving credit facility		15,700		17,800		2.43	%		2.47	%
Debentures payable		13,183		13,181		4.99	%		4.99	%
Structured notes payable - 2003 Joint Venture (2)		—		5,264		N/A			3.08	%
Debt	$	93,799	$	95,861

(1) The face amount of debt as of March 31, 2012 and December 31, 2011 was $93,806,000 and $95,870,000, respectively.

(2) We repaid the 2003 Joint Venture structured notes on February 15, 2012.

Principal payments on our debt at March 31, 2012 were as follows:

Twelve Months Ending March 31,	Total		Secured Borrowings (1)		All Other Debt (2)
	(In thousands)
2013	$	979	$	979	$	—
2014		5,203		1,013		4,190
2015		20,748		1,048		19,700
2016		1,085		1,085		—
2017		1,125		1,125		—
Thereafter		64,666		32,596		32,070
	$	93,806	$	37,846	$	55,960

(1) Principal payments are dependent upon cash flows received from the underlying loans. Our estimate of their repayment is based on scheduled principal payments on the underlying loans. Our estimate will differ from actual amounts to the extent we experience prepayments and/or loan liquidations or charge-offs. No payment is due unless payments are received from the borrowers on the loans underlying them.

(2) Represents the revolving credit facility, junior subordinated notes and debentures payable.