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CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2013
Dec. 31, 2012
Loans receivable, net:    
Commercial mortgage loans receivable $ 112,328 $ 125,515
SBIC commercial mortgage loans receivable 53,702 47,153
SBA 7(a) loans receivable, subject to secured borrowings 35,623 38,349
SBA 7(a) loans receivable 28,399 27,974
Loans receivable, net 230,052 238,991
Cash and cash equivalents 12,589 1,230
Other assets 7,260 7,486
Total assets 249,901 247,707
Debt:    
Secured borrowings - government guaranteed loans 38,035 41,008
SBIC debentures payable 27,500 17,190
Junior subordinated notes 27,070 27,070
Revolving credit facility 11,900 11,900
Debt 104,505 97,168
Borrower advances 3,275 5,942
Accounts payable and accrued expenses 2,975 4,078
Dividends payable 1,347 1,293
Total liabilities 112,102 108,481
Commitments and contingencies      
Beneficiaries' equity:    
Common shares of beneficial interest; authorized 100,000,000 shares of $0.01 par value; 11,132,549 and 11,125,883 shares issued at September 30, 2013 and December 31, 2012, respectively; 10,596,220 and 10,589,554 shares outstanding at September 30, 2013 and December 31, 2012, respectively 111 111
Additional paid-in capital 153,113 153,072
Net unrealized appreciation of retained interests in transferred assets 271 278
Cumulative net income 176,430 173,917
Cumulative dividends (188,125) (184,151)
Beneficiaries' equity before treasury stock 141,800 143,227
Less: Treasury stock; at cost, 536,329 shares at September 30, 2013 and December 31, 2012 (4,901) (4,901)
Total beneficiaries' equity 136,899 138,326
Noncontrolling interests - cumulative preferred stock of subsidiary 900 900
Total equity 137,799 139,226
Total liabilities and equity $ 249,901 $ 247,707