Discontinued Operations

3 Months Ended

Mar. 31, 2013

Discontinued Operations [Abstract]

Discontinued Operations

Note 8. Discontinued Operations:

Discontinued operations consisted of the following:

	Three Months Ended March 31,
	2013			2012
	(In thousands)
Net operating losses	$	(65	)	$	(131	)
Impairment losses		(109	)		(18	)
Discontinued operations	$	(174	)	$	(149	)

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

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