2013 Q4 Form 10-Q Financial Statement
#000110465913083914 Filed on November 13, 2013
Income Statement
Concept | 2013 Q4 | 2013 Q3 | 2012 Q3 |
---|---|---|---|
Revenue | $4.566M | $12.56M | $1.491M |
YoY Change | -6.43% | 742.45% | |
Cost Of Revenue | $11.21M | $3.480M | $1.020M |
YoY Change | 499.47% | 241.18% | |
Gross Profit | $6.440M | $11.07M | $870.0K |
YoY Change | 113.95% | 1172.41% | |
Gross Profit Margin | 141.04% | 88.13% | 58.35% |
Selling, General & Admin | $7.900M | $4.430M | $1.420M |
YoY Change | 390.68% | 211.97% | |
% of Gross Profit | 122.67% | 40.02% | 163.22% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $0.00 | $0.00 | |
YoY Change | |||
% of Gross Profit | 0.0% | 0.0% | |
Operating Expenses | $7.900M | $4.440M | $1.420M |
YoY Change | 387.65% | 212.68% | |
Operating Profit | -$1.460M | $6.630M | -$550.0K |
YoY Change | -205.04% | -1305.45% | |
Interest Expense | $4.700M | -$1.650M | |
YoY Change | -1616.13% | ||
% of Operating Profit | -24.89% | ||
Other Income/Expense, Net | |||
YoY Change | |||
Pretax Income | $2.970M | $7.380M | -$554.0K |
YoY Change | 175.0% | -1432.13% | |
Income Tax | -$320.0K | $496.0K | $0.00 |
% Of Pretax Income | -10.77% | 6.72% | |
Net Earnings | $3.290M | $6.884M | -$554.0K |
YoY Change | 204.35% | -1342.6% | |
Net Earnings / Revenue | 72.05% | 54.8% | -37.16% |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | $115.1K | $245.5K | -$59.72K |
COMMON SHARES | |||
Basic Shares Outstanding | 28.48M shares | 27.98M shares | 9.205M shares |
Diluted Shares Outstanding | 28.03M shares | 9.205M shares |
Balance Sheet
Concept | 2013 Q4 | 2013 Q3 | 2012 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $20.10M | $12.60M | $24.00M |
YoY Change | -14.1% | -47.5% | |
Cash & Equivalents | $14.44M | $12.55M | $23.98M |
Short-Term Investments | |||
Other Short-Term Assets | |||
YoY Change | |||
Inventory | |||
Prepaid Expenses | |||
Receivables | $900.0K | ||
Other Receivables | $0.00 | ||
Total Short-Term Assets | $20.10M | $12.60M | $24.90M |
YoY Change | -19.92% | -49.4% | |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | |||
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $1.107B | $777.7M | $190.5M |
YoY Change | 213.27% | 308.24% | |
Other Assets | $17.00M | $21.90M | $4.300M |
YoY Change | 102.38% | 409.3% | |
Total Long-Term Assets | $1.157B | $827.2M | $195.4M |
YoY Change | 218.89% | 323.44% | |
TOTAL ASSETS | |||
Total Short-Term Assets | $20.10M | $12.60M | $24.90M |
Total Long-Term Assets | $1.157B | $827.2M | $195.4M |
Total Assets | $1.177B | $839.8M | $220.3M |
YoY Change | 203.44% | 281.29% | |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $0.00 | ||
YoY Change | |||
Accrued Expenses | $800.0K | ||
YoY Change | |||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $9.900M | $10.10M | $2.600M |
YoY Change | 83.33% | 288.46% | |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $727.3M | $375.5M | $48.80M |
YoY Change | 243.88% | 669.47% | |
Other Long-Term Liabilities | $33.50M | $43.60M | $2.100M |
YoY Change | 830.56% | 1976.19% | |
Total Long-Term Liabilities | $760.8M | $419.1M | $50.90M |
YoY Change | 253.7% | 723.38% | |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $9.900M | $10.10M | $2.600M |
Total Long-Term Liabilities | $760.8M | $419.1M | $50.90M |
Total Liabilities | $770.7M | $429.2M | $53.57M |
YoY Change | 246.5% | 701.12% | |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$13.47M | -$8.888M | -$2.619M |
YoY Change | 249.58% | 239.37% | |
Common Stock | $419.7M | $419.5M | $169.3M |
YoY Change | 147.91% | 147.8% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $406.2M | $410.6M | $166.7M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $1.177B | $839.8M | $220.3M |
YoY Change | 203.44% | 281.21% |
Cashflow Statement
Concept | 2013 Q4 | 2013 Q3 | 2012 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $3.290M | $6.884M | -$554.0K |
YoY Change | 204.35% | -1342.6% | |
Depreciation, Depletion And Amortization | $0.00 | $0.00 | |
YoY Change | |||
Cash From Operating Activities | $20.10M | $3.300M | $1.000M |
YoY Change | 1082.35% | 230.0% | |
INVESTING ACTIVITIES | |||
Capital Expenditures | $0.00 | $0.00 | |
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$350.5M | -$223.0M | -$112.3M |
YoY Change | 115.29% | 98.58% | |
Cash From Investing Activities | -$350.5M | -$223.0M | -$112.2M |
YoY Change | 115.29% | 98.75% | |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $7.700M | ||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 337.9M | 192.0M | 47.80M |
YoY Change | 110.53% | 301.67% | |
NET CHANGE | |||
Cash From Operating Activities | 20.10M | 3.300M | 1.000M |
Cash From Investing Activities | -350.5M | -223.0M | -112.2M |
Cash From Financing Activities | 337.9M | 192.0M | 47.80M |
Net Change In Cash | 7.500M | -27.70M | -63.40M |
YoY Change | -1350.0% | -56.31% | |
FREE CASH FLOW | |||
Cash From Operating Activities | $20.10M | $3.300M | $1.000M |
Capital Expenditures | $0.00 | $0.00 | |
Free Cash Flow | $20.10M | $3.300M | |
YoY Change |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
acre |
Number Of Subsequent Taxable Years Subject To Disqualification
NumberOfSubsequentTaxableYearsSubjectToDisqualification
|
P4Y | ||
CY2013Q3 | us-gaap |
Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
|
2052000 | USD |
us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
11456000 | USD | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
6531000 | USD | |
us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="MARGIN: 0in 0in 0pt;"><b><i><font style="FONT-STYLE: italic; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold;" size="2">Concentration of Credit Risk</font></i></b></p> <p style="MARGIN: 0in 0in 0pt;"> </p> <p style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2">Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents, loans held for investment, mortgage servicing rights (“MSR”), loans held for sale, interest receivable, derivative financial instruments and allowance for loss sharing. The Company places its cash and cash equivalents with financial institutions and, at times, cash held may exceed the FDIC-insured limit. The Company has exposure to credit risk on its loans held for investment and through its subsidiary ACRE Capital, the Company has exposure on credit risk on loans held for sale and the servicing portfolio whereby ACRE Capital shares in the risk of loss (see Note 7). The Company’s Manager will seek to manage credit risk by performing credit fundamental analysis of potential collateral assets.</font></p> </div> | ||
us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="MARGIN: 0in 0in 0pt;"><b><i><font style="FONT-STYLE: italic; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold;" size="2">Use of Estimates in the Preparation of Financial Statements</font></i></b></p> <p style="MARGIN: 0in 0in 0pt;"> </p> <p style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Actual results could differ from those estimates.</font></p> </div> | ||
acre |
Impairments Of Loans Held For Investment
ImpairmentsOfLoansHeldForInvestment
|
0 | USD | |
CY2012 | acre |
Impairments Of Loans Held For Investment
ImpairmentsOfLoansHeldForInvestment
|
0 | USD |
CY2013Q3 | acre |
Number Of Reportable Segments Prior To Acquisition
NumberOfReportableSegmentsPriorToAcquisition
|
1 | item |
us-gaap |
Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
|
24 | item | |
acre |
Mortgage Loans On Real Estate Number Of Loans Repaid
MortgageLoansOnRealEstateNumberOfLoansRepaid
|
2 | item | |
us-gaap |
Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
|
388885000 | USD | |
us-gaap |
Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
|
185555000 | USD | |
us-gaap |
Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
|
48200000 | USD | |
CY2013Q3 | us-gaap |
Mortgage Loans On Real Estate Commercial And Consumer Net
MortgageLoansOnRealEstateCommercialAndConsumerNet
|
692325000 | USD |
us-gaap |
Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
|
368116000 | USD | |
CY2013Q3 | us-gaap |
Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
|
697415000 | USD |
CY2013Q3 | acre |
Mortgage Loans On Real Estate Impairment Charges Recognized
MortgageLoansOnRealEstateImpairmentChargesRecognized
|
0 | USD |
CY2012Q4 | acre |
Mortgage Loans On Real Estate Impairment Charges Recognized
MortgageLoansOnRealEstateImpairmentChargesRecognized
|
0 | USD |
acre |
Mortgage Loans On Real Estate Receipt Of Origination Fee
MortgageLoansOnRealEstateReceiptOfOriginationFee
|
3694000 | USD | |
us-gaap |
Mortgage Loans On Real Estate Other Additions
MortgageLoansOnRealEstateOtherAdditions
|
20769000 | USD | |
acre |
Mortgage Loans On Real Estate Amortizing Payments
MortgageLoansOnRealEstateAmortizingPayments
|
150000 | USD | |
us-gaap |
Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
|
1854000 | USD | |
acre |
Mortgage Loans On Real Estate Loan Paid Off
MortgageLoansOnRealEstateLoanPaidOff
|
48070000 | USD | |
CY2012Q4 | us-gaap |
Mortgage Loans On Real Estate Commercial And Consumer Net
MortgageLoansOnRealEstateCommercialAndConsumerNet
|
353500000 | USD |
CY2013Q3 | acre |
Mortgage Loans On Real Estate Total Commitment Amount
MortgageLoansOnRealEstateTotalCommitmentAmount
|
759800000 | USD |
acre |
Mortgage Loans On Real Estate Unleveraged Effective Yield
MortgageLoansOnRealEstateUnleveragedEffectiveYield
|
0.064 | pure | |
CY2013Q3 | acre |
Mortgage Loans On Real Estate Unleveraged Effective Yield Dispositions And Early Prepayments Or Defaults
MortgageLoansOnRealEstateUnleveragedEffectiveYieldDispositionsAndEarlyPrepaymentsOrDefaults
|
0 | USD |
CY2013Q3 | us-gaap |
Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
|
450000000 | USD |
CY2012Q4 | us-gaap |
Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
|
308725000 | USD |
CY2013Q3 | us-gaap |
Line Of Credit
LineOfCredit
|
294019000 | USD |
CY2012Q4 | us-gaap |
Line Of Credit
LineOfCredit
|
144256000 | USD |
CY2013Q3 | us-gaap |
Unsecured Debt
UnsecuredDebt
|
67674000 | USD |
CY2013Q3 | acre |
Commitments
Commitments
|
759750000 | USD |
CY2012Q4 | acre |
Commitments
Commitments
|
405695000 | USD |
CY2013Q3 | acre |
Funded Commitments
FundedCommitments
|
697415000 | USD |
CY2012Q4 | acre |
Funded Commitments
FundedCommitments
|
356930000 | USD |
CY2013Q3 | acre |
Unfunded Commitments
UnfundedCommitments
|
62335000 | USD |
CY2012Q4 | acre |
Unfunded Commitments
UnfundedCommitments
|
48765000 | USD |
CY2012Q4 | us-gaap |
Other Assets
OtherAssets
|
7759000 | USD |
CY2013Q3 | acre |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Expected To Vest In Year Two
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpectedToVestInYearTwo
|
25018 | shares |
CY2013Q2 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
18000000 | shares |
CY2013Q2 | us-gaap |
Share Price
SharePrice
|
13.50 | |
CY2013Q2 | acre |
Gross Proceeds From Issuance Of Shares In Public Offering
GrossProceedsFromIssuanceOfSharesInPublicOffering
|
243000000 | USD |
CY2013Q2 | us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
8400000 | USD |
CY2013Q2 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
234600000 | USD |
CY2013Q2 | acre |
Underwriters Option To Purchase Additional Common Stock Shares Number
UnderwritersOptionToPurchaseAdditionalCommonStockSharesNumber
|
2700000 | shares |
CY2012Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
|
690000 | shares |
CY2012 | acre |
Share Based Compensation Arrangement By Share Based Payment Award Percentage Of Issued And Outstanding Common Stock Eligible
ShareBasedCompensationArrangementByShareBasedPaymentAwardPercentageOfIssuedAndOutstandingCommonStockEligible
|
0.075 | pure |
CY2012Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
|
54516 | shares |
CY2013Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
|
51052 | shares |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
|
22526 | shares | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
|
23073 | shares | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
|
2917 | shares | |
CY2013Q3 | acre |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Expected To Vest In Year Three
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpectedToVestInYearThree
|
12068 | shares |
CY2013Q3 | acre |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Expected To Vest In Year Four
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpectedToVestInYearFour
|
5520 | shares |
CY2013Q3 | acre |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Grants To Date
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingGrantsToDate
|
51052 | shares |
CY2012Q4 | us-gaap |
Assets
Assets
|
387859000 | USD |
CY2012Q4 | us-gaap |
Unsecured Debt
UnsecuredDebt
|
67289000 | USD |
CY2013Q3 | us-gaap |
Other Liabilities
OtherLiabilities
|
24038000 | USD |
CY2013Q3 | us-gaap |
Common Stock Value
CommonStockValue
|
284000 | USD |
CY2012Q4 | us-gaap |
Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
|
1320000 | USD |
CY2013Q3 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
419251000 | USD |
CY2012Q4 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
2316000 | USD |
CY2012Q4 | us-gaap |
Other Liabilities
OtherLiabilities
|
7240000 | USD |
CY2012Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
9205480 | shares |
CY2012Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
9205480 | shares |
CY2012Q3 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.06 | |
us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.71 | ||
us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.16 | ||
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-895000 | USD | |
CY2013Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
7631000 | USD |
CY2013Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
27976562 | shares |
CY2013Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
28027719 | shares |
CY2013Q3 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.27 | |
CY2012Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-554000 | USD |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
5606840 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
5606840 | shares | |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
11224000 | USD | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
15806777 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
15853425 | shares | |
CY2013Q2 | acre |
Percentage In Excess Of Outstanding Shares For Which Entity Obtained Stockholder Approval To Issue Shares
PercentageInExcessOfOutstandingSharesForWhichEntityObtainedStockholderApprovalToIssueShares
|
0.20 | pure |
acre |
Percentage Of Common Stock For Which Entity Has Option To Issue
PercentageOfCommonStockForWhichEntityHasOptionToIssue
|
1.00 | pure | |
CY2013Q2 | acre |
Conversion Options Cumulative Value Reclassified To Additional Paid In Capital
ConversionOptionsCumulativeValueReclassifiedToAdditionalPaidInCapital
|
86000 | USD |
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
5286000 | USD | |
CY2013Q3 | us-gaap |
Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
|
2958000 | USD |
CY2013Q3 | us-gaap |
Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
|
0.75 | |
CY2012Q3 | us-gaap |
Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
|
0.42 | |
us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.75 | ||
us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.42 | ||
us-gaap |
Dividends Cash
DividendsCash
|
16258000 | USD | |
us-gaap |
Dividends Cash
DividendsCash
|
1561000 | USD | |
CY2012Q1 | us-gaap |
Dividends Cash
DividendsCash
|
450000 | USD |
CY2012Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
1500000 | shares |
CY2012Q1 | us-gaap |
Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
|
0.30 | |
dei |
Entity Registrant Name
EntityRegistrantName
|
Ares Commercial Real Estate Corp | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001529377 | ||
dei |
Document Type
DocumentType
|
10-Q | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2013-09-30 | ||
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | ||
dei |
Entity Filer Category
EntityFilerCategory
|
Non-accelerated Filer | ||
CY2013Q4 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
28476596 | shares |
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2013 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q3 | ||
CY2013Q3 | us-gaap |
Assets
Assets
|
839806000 | USD |
CY2013Q3 | us-gaap |
Liabilities
Liabilities
|
429159000 | USD |
CY2012Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
CY2013Q3 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
CY2013Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
410647000 | USD |
CY2013Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
839806000 | USD |
CY2012Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
23390000 | USD |
CY2012Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
3210000 | USD |
CY2013Q3 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
CY2012Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
CY2012Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
50000000 | shares |
CY2013Q3 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
7119000 | USD |
CY2012Q4 | us-gaap |
Liabilities
Liabilities
|
222421000 | USD |
CY2012Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
92000 | USD |
CY2013Q3 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
50000000 | shares |
CY2012Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
USD | |
CY2013Q3 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
USD | |
CY2012Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
169200000 | USD |
us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.17 | ||
us-gaap |
Interest And Fee Income Loans And Leases Held In Portfolio
InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio
|
4397000 | USD | |
CY2012Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-3854000 | USD |
CY2012Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
165438000 | USD |
CY2012Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
387859000 | USD |
CY2012Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2012Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2013Q3 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2013Q3 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2012Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2013Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2012Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
450000000 | shares |
CY2013Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
450000000 | shares |
CY2012Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
28476596 | shares |
CY2012Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
9267162 | shares |
CY2013Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
28476596 | shares |
CY2013Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
9267162 | shares |
CY2012Q3 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
1491000 | USD |
CY2012Q3 | us-gaap |
Noninterest Expense
NoninterestExpense
|
2045000 | USD |
CY2012Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-554000 | USD |
CY2013Q3 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
8700000 | USD |
CY2013Q3 | us-gaap |
Interest Expense Other
InterestExpenseOther
|
1646000 | USD |
acre |
Proceeds From Warehouse Agreement Borrowings
ProceedsFromWarehouseAgreementBorrowings
|
24058000 | USD | |
CY2012Q3 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.06 | |
us-gaap |
Interest Expense Borrowings
InterestExpenseBorrowings
|
1090000 | USD | |
us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
3307000 | USD | |
us-gaap |
Interest Expense Other
InterestExpenseOther
|
4696000 | USD | |
us-gaap |
Costs And Expenses Related Party
CostsAndExpensesRelatedParty
|
1044000 | USD | |
us-gaap |
Professional Fees
ProfessionalFees
|
706000 | USD | |
CY2012Q3 | us-gaap |
Interest And Fee Income Loans And Leases Held In Portfolio
InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio
|
1889000 | USD |
CY2012Q3 | us-gaap |
Interest Expense Borrowings
InterestExpenseBorrowings
|
398000 | USD |
CY2012Q3 | us-gaap |
Costs And Expenses Related Party
CostsAndExpensesRelatedParty
|
625000 | USD |
CY2012Q3 | us-gaap |
Professional Fees
ProfessionalFees
|
292000 | USD |
CY2012Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
496000 | USD |
CY2012Q3 | acre |
General And Administrative Expenses Reimbursed To Affiliate
GeneralAndAdministrativeExpensesReimbursedToAffiliate
|
632000 | USD |
us-gaap |
Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
|
3813000 | USD | |
CY2013Q3 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.25 | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
374000 | USD | |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
827000 | USD | |
acre |
General And Administrative Expenses Reimbursed To Affiliate
GeneralAndAdministrativeExpensesReimbursedToAffiliate
|
951000 | USD | |
us-gaap |
Noninterest Expense
NoninterestExpense
|
3528000 | USD | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-221000 | USD | |
us-gaap |
Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
|
102000 | USD | |
us-gaap |
Temporary Equity Accretion Of Dividends
TemporaryEquityAccretionOfDividends
|
-572000 | USD | |
us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
250687000 | USD | |
us-gaap |
Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
|
8416000 | USD | |
us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
374000 | USD | |
us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
86000 | USD | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
11224000 | USD | |
acre |
Increase Decrease In Accrued Expenses And Other Liabilities
IncreaseDecreaseInAccruedExpensesAndOtherLiabilities
|
386000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
311000 | USD | |
us-gaap |
Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
|
132000 | USD | |
us-gaap |
Proceeds From Loan And Lease Originations And Principal Collections1
ProceedsFromLoanAndLeaseOriginationsAndPrincipalCollections1
|
3694000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-185423000 | USD | |
us-gaap |
Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
|
113067000 | USD | |
us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
64277000 | USD | |
us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
2090000 | USD | |
CY2011Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1240000 | USD |
CY2012Q3 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
556000 | USD |
CY2012Q3 | us-gaap |
Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
|
334000 | USD |
CY2013Q3 | us-gaap |
Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
|
5000000 | USD |
us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
469000 | USD | |
us-gaap |
Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
|
171000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
202000 | USD | |
acre |
Amortization Of Convertible Notes Issuance Costs
AmortizationOfConvertibleNotesIssuanceCosts
|
597000 | USD | |
acre |
Payments For Warehouse Agreement Borrowings
PaymentsForWarehouseAgreementBorrowings
|
24708000 | USD | |
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
1382000 | USD | |
us-gaap |
Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
|
1053000 | USD | |
us-gaap |
Proceeds From Issuance Of Convertible Preferred Stock
ProceedsFromIssuanceOfConvertiblePreferredStock
|
5723000 | USD | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
165850000 | USD | |
us-gaap |
Payments For Repurchase Of Convertible Preferred Stock
PaymentsForRepurchaseOfConvertiblePreferredStock
|
6295000 | USD | |
us-gaap |
Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
|
3016000 | USD | |
us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
1005000 | USD | |
us-gaap |
Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
102000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
207855000 | USD | |
us-gaap |
Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
|
-10837000 | USD | |
us-gaap |
Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
|
22743000 | USD | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
589000 | USD | |
CY2012Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
23983000 | USD |
CY2013Q3 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
1 | item |
CY2013Q3 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | item |
CY2013Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-8888000 | USD |
CY2013Q3 | acre |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Expected To Vest In Remainder Of Year
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpectedToVestInRemainderOfYear
|
8446 | shares |
us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.75 | ||
CY2013Q3 | us-gaap |
Business Combination Bargain Purchase Gain Recognized Amount
BusinessCombinationBargainPurchaseGainRecognizedAmount
|
5185000 | USD |
us-gaap |
Business Combination Bargain Purchase Gain Recognized Amount
BusinessCombinationBargainPurchaseGainRecognizedAmount
|
5185000 | USD | |
us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
818000 | USD | |
CY2013Q3 | us-gaap |
Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
|
731000 | USD |
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
3068000 | USD | |
us-gaap |
Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
|
1638000 | USD | |
acre |
Increase Decrease In Accrued Expenses And Other Liabilities
IncreaseDecreaseInAccruedExpensesAndOtherLiabilities
|
4123000 | USD | |
CY2013Q3 | us-gaap |
Fees And Commissions Mortgage Banking
FeesAndCommissionsMortgageBanking
|
503000 | USD |
us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-25000 | USD | |
us-gaap |
Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
|
48220000 | USD | |
us-gaap |
Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
|
326899000 | USD | |
us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
177137000 | USD | |
us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
1029000 | USD | |
us-gaap |
Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
|
8198000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
379116000 | USD | |
CY2013Q3 | us-gaap |
Interest And Fee Income Loans And Leases Held In Portfolio
InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio
|
10695000 | USD |
CY2013Q3 | us-gaap |
Interest Expense Borrowings
InterestExpenseBorrowings
|
1995000 | USD |
CY2013Q3 | us-gaap |
Revenues
Revenues
|
13077000 | USD |
CY2013Q3 | us-gaap |
Costs And Expenses Related Party
CostsAndExpensesRelatedParty
|
1487000 | USD |
CY2013Q3 | us-gaap |
Professional Fees
ProfessionalFees
|
675000 | USD |
CY2013Q3 | us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
2281000 | USD |
CY2013Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
994000 | USD |
CY2013Q3 | acre |
General And Administrative Expenses Reimbursed To Affiliate
GeneralAndAdministrativeExpensesReimbursedToAffiliate
|
1000000 | USD |
CY2013Q3 | us-gaap |
Noninterest Expense
NoninterestExpense
|
10135000 | USD |
CY2013Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
496000 | USD |
CY2013Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
7631000 | USD |
us-gaap |
Interest And Fee Income Loans And Leases Held In Portfolio
InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio
|
25494000 | USD | |
us-gaap |
Interest Expense Borrowings
InterestExpenseBorrowings
|
5260000 | USD | |
us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
20234000 | USD | |
us-gaap |
Fees And Commissions Mortgage Banking
FeesAndCommissionsMortgageBanking
|
503000 | USD | |
us-gaap |
Revenues
Revenues
|
24611000 | USD | |
us-gaap |
Costs And Expenses Related Party
CostsAndExpensesRelatedParty
|
2744000 | USD | |
us-gaap |
Professional Fees
ProfessionalFees
|
1741000 | USD | |
us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
2281000 | USD | |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
1930000 | USD | |
acre |
General And Administrative Expenses Reimbursed To Affiliate
GeneralAndAdministrativeExpensesReimbursedToAffiliate
|
2610000 | USD | |
us-gaap |
Noninterest Expense
NoninterestExpense
|
19815000 | USD | |
us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
1739000 | USD | |
CY2013Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
12553000 | USD |
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-395239000 | USD | |
CY2013Q3 | us-gaap |
Other Assets
OtherAssets
|
27691000 | USD |
us-gaap |
Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
|
111341000 | USD | |
CY2013Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
8127000 | USD |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-221000 | USD | |
CY2012Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-554000 | USD |
us-gaap |
Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
|
22845000 | USD | |
us-gaap |
Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
|
21324000 | USD | |
us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
216000 | USD | |
us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
58258000 | USD | |
CY2013Q3 | us-gaap |
Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
|
16962000 | USD |
us-gaap |
Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
|
42075000 | USD | |
CY2012Q3 | us-gaap |
Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
|
8189000 | USD |
us-gaap |
Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
|
21519000 | USD | |
CY2013Q3 | us-gaap |
Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
|
3334000 | USD |
us-gaap |
Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
|
8125000 | USD | |
CY2012Q3 | us-gaap |
Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
|
759000 | USD |
us-gaap |
Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
|
2315000 | USD | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
250687000 | USD | |
CY2013Q3 | us-gaap |
Fair Value Assets Level1 To Level2 Transfers Amount
FairValueAssetsLevel1ToLevel2TransfersAmount
|
0 | USD |
CY2013Q3 | us-gaap |
Fair Value Assets Level2 To Level1 Transfers Amount
FairValueAssetsLevel2ToLevel1TransfersAmount
|
0 | USD |
CY2013Q3 | us-gaap |
Fair Value Liabilities Level1 To Level2 Transfers Amount
FairValueLiabilitiesLevel1ToLevel2TransfersAmount
|
0 | USD |
CY2013Q3 | us-gaap |
Fair Value Liabilities Level2 To Level1 Transfers Amount
FairValueLiabilitiesLevel2ToLevel1TransfersAmount
|
0 | USD |
CY2012Q4 | us-gaap |
Fair Value Assets Level1 To Level2 Transfers Amount
FairValueAssetsLevel1ToLevel2TransfersAmount
|
0 | USD |
CY2012Q4 | us-gaap |
Fair Value Assets Level2 To Level1 Transfers Amount
FairValueAssetsLevel2ToLevel1TransfersAmount
|
0 | USD |
CY2012Q4 | us-gaap |
Fair Value Liabilities Level1 To Level2 Transfers Amount
FairValueLiabilitiesLevel1ToLevel2TransfersAmount
|
0 | USD |
CY2012Q4 | us-gaap |
Fair Value Liabilities Level2 To Level1 Transfers Amount
FairValueLiabilitiesLevel2ToLevel1TransfersAmount
|
0 | USD |
us-gaap |
Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
|
0 | USD | |
CY2013Q3 | us-gaap |
Servicing Asset
ServicingAsset
|
60878000 | USD |
us-gaap |
Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
|
-46386000 | USD | |
acre |
Business Combination Maximum Measurement Period After Transaction Date For Subsequent Adjustments
BusinessCombinationMaximumMeasurementPeriodAfterTransactionDateForSubsequentAdjustments
|
P1Y | ||
CY2013Q3 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
601590 | shares |
CY2013Q3 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
7700000 | USD |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
242300000 | USD | |
CY2013Q3 | acre |
Common Stock Subscription Agreement Shares Issued
CommonStockSubscriptionAgreementSharesIssued
|
588235 | shares |
CY2013Q3 | us-gaap |
Warehouse Agreement Borrowings
WarehouseAgreementBorrowings
|
13821000 | USD |
acre |
Gain Loss On Mortgage Banking Activities
GainLossOnMortgageBankingActivities
|
3842000 | USD | |
CY2013Q3 | acre |
Gain Loss On Mortgage Banking Activities
GainLossOnMortgageBankingActivities
|
3842000 | USD |
acre |
Income Loss From Continuing Operations Before Income Taxes Minority Interest Income Loss From Equity Method Investments And Gain On Bargain Purchase
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestIncomeLossFromEquityMethodInvestmentsAndGainOnBargainPurchase
|
6535000 | USD | |
CY2013Q3 | acre |
Income Loss From Continuing Operations Before Income Taxes Minority Interest Income Loss From Equity Method Investments And Gain On Bargain Purchase
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestIncomeLossFromEquityMethodInvestmentsAndGainOnBargainPurchase
|
2942000 | USD |
acre |
Income Loss From Continuing Operations Before Income Taxes Minority Interest Income Loss From Equity Method Investments And Gain On Bargain Purchase
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestIncomeLossFromEquityMethodInvestmentsAndGainOnBargainPurchase
|
-221000 | USD | |
CY2012Q3 | acre |
Income Loss From Continuing Operations Before Income Taxes Minority Interest Income Loss From Equity Method Investments And Gain On Bargain Purchase
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestIncomeLossFromEquityMethodInvestmentsAndGainOnBargainPurchase
|
-554000 | USD |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
11720000 | USD | |
CY2013Q3 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
21894000 | USD |
CY2012Q3 | us-gaap |
Revenues
Revenues
|
1491000 | USD |
us-gaap |
Revenues
Revenues
|
3307000 | USD | |
acre |
Gain Loss Attributable To Fair Value Of Future Servicing Rights
GainLossAttributableToFairValueOfFutureServicingRights
|
1430000 | USD | |
acre |
Unrealized Gain Loss On Interest Rate Lock Commitments
UnrealizedGainLossOnInterestRateLockCommitments
|
3580000 | USD | |
acre |
Unrealized Gain Loss On Forward Sale Commitments
UnrealizedGainLossOnForwardSaleCommitments
|
-2148000 | USD | |
us-gaap |
Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
|
-1862000 | USD | |
us-gaap |
Depreciation
Depreciation
|
9000 | USD | |
CY2013Q3 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
195000 | USD |
CY2013Q3 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
301000 | USD |
CY2013Q3 | us-gaap |
Deferred Tax Assets Other
DeferredTaxAssetsOther
|
1000 | USD |
CY2013Q3 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
269000 | USD |
CY2013Q3 | us-gaap |
Deferred Tax Liabilities Deferred Expense Reserves And Accruals
DeferredTaxLiabilitiesDeferredExpenseReservesAndAccruals
|
12000 | USD |
CY2013Q3 | us-gaap |
Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
|
570000 | USD |
CY2013Q3 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.350 | pure |
CY2013Q3 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0.057 | pure |
CY2013Q3 | us-gaap |
Effective Income Tax Rate Reconciliation Deductions
EffectiveIncomeTaxRateReconciliationDeductions
|
0.020 | pure |
CY2013Q3 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.387 | pure |
us-gaap |
Stock Issued1
StockIssued1
|
7512000 | USD | |
us-gaap |
Accretion Expense
AccretionExpense
|
385000 | USD | |
CY2013Q3 | us-gaap |
Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
|
24465000 | USD |
CY2013Q3 | us-gaap |
Loans And Leases Receivable Allowance Covered
LoansAndLeasesReceivableAllowanceCovered
|
19530000 | USD |
us-gaap |
Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
|
-32000 | USD | |
CY2013Q3 | us-gaap |
Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
|
-32000 | USD |
CY2013Q3 | acre |
Allowance For Loss Sharing Acquired In Business Combination
AllowanceForLossSharingAcquiredInBusinessCombination
|
19562000 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
496000 | USD | |
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
301000 | USD | |
us-gaap |
Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
|
7512000 | USD | |
acre |
Servicing Asset Additions Acquired In Business Combination
ServicingAssetAdditionsAcquiredInBusinessCombination
|
61200000 | USD |