Discontinued Operations:

3 Months Ended

Mar. 31, 2012

Discontinued Operations: [Abstract]

Discontinued Operations:

Note 8. Discontinued Operations:

Discontinued operations consisted of the following:

	Three Months Ended March 31,
	2012			2011
	(In thousands)
Gains on sales of real estate	$	—		$	2
Net operating losses		(131	)		(210	)
Impairment losses		(18	)		—
Discontinued operations	$	(149	)	$	(208	)

Net operating losses from discontinued operations relate to the operations and holding costs of our real estate owned.

Impairment losses represent declines in the estimated fair value of our real estate owned subsequent to initial valuation.