2013 Q4 Form 10-Q Financial Statement

#000119312513438235 Filed on November 12, 2013

View on sec.gov

Income Statement

Concept 2013 Q4 2013 Q3 2012 Q3
Revenue $60.18M $4.588M $4.864M
YoY Change 1252.36% -5.67% 27.66%
Cost Of Revenue $34.82M $31.31M
YoY Change
Gross Profit $25.36M $26.17M
YoY Change
Gross Profit Margin 42.14% 570.4%
Selling, General & Admin $1.800M $3.180M $3.060M
YoY Change -41.75% 3.92% 85.45%
% of Gross Profit 7.1% 12.15%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $17.35M $16.62M
YoY Change -75.19%
% of Gross Profit 68.41% 63.51%
Operating Expenses $19.15M $3.834M $3.947M
YoY Change 517.74% -2.86% 139.21%
Operating Profit $6.210M $22.34M
YoY Change
Interest Expense -$3.920M $803.0K $887.0K
YoY Change 340.45% -9.47% -194.36%
% of Operating Profit -63.12% 3.6%
Other Income/Expense, Net
YoY Change
Pretax Income $2.290M $754.0K $917.0K
YoY Change -238.79% -17.78% -24.84%
Income Tax $0.00 $356.0K $272.0K
% Of Pretax Income 0.0% 47.21% 29.66%
Net Earnings $2.180M $323.0K $473.0K
YoY Change -204.81% -31.71% -35.21%
Net Earnings / Revenue 3.62% 7.04% 9.72%
Basic Earnings Per Share
Diluted Earnings Per Share $68.53K $55.64K $662.0K
COMMON SHARES
Basic Shares Outstanding 10.60M shares 10.60M shares 10.59M shares
Diluted Shares Outstanding 10.61M shares 10.59M shares

Balance Sheet

Concept 2013 Q4 2013 Q3 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $16.80M $12.60M $4.200M
YoY Change 1300.0% 200.0% -46.15%
Cash & Equivalents $16.80M $12.59M $4.192M
Short-Term Investments
Other Short-Term Assets $300.0K
YoY Change
Inventory
Prepaid Expenses
Receivables $9.300M
Other Receivables $0.00
Total Short-Term Assets $26.10M $13.60M $4.200M
YoY Change 1142.86% 223.81% -46.15%
LONG-TERM ASSETS
Property, Plant & Equipment $1.682B
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $900.0K $243.7M
YoY Change -99.63% 2.7%
Other Assets $94.30M $3.000M $2.700M
YoY Change 3267.86% 11.11% -69.66%
Total Long-Term Assets $1.808B $236.3M $250.1M
YoY Change 636.29% -5.52% -1.15%
TOTAL ASSETS
Total Short-Term Assets $26.10M $13.60M $4.200M
Total Long-Term Assets $1.808B $236.3M $250.1M
Total Assets $1.834B $249.9M $254.3M
YoY Change 640.58% -1.73% -2.49%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $26.10M $3.000M $3.000M
YoY Change 536.59% 0.0% 30.43%
Accrued Expenses
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 $32.90M $4.300M $4.700M
YoY Change 509.26% -8.51% 17.5%
LONG-TERM LIABILITIES
Long-Term Debt $395.1M $104.5M $101.4M
YoY Change 302.75% 3.06% -3.34%
Other Long-Term Liabilities $30.00M $3.300M $6.500M
YoY Change 408.47% -49.23% 62.5%
Total Long-Term Liabilities $425.1M $107.8M $107.9M
YoY Change 308.75% -0.09% -0.92%
TOTAL LIABILITIES
Total Short-Term Liabilities $32.90M $4.300M $4.700M
Total Long-Term Liabilities $425.1M $107.8M $107.9M
Total Liabilities $458.0M $112.1M $112.7M
YoY Change 322.19% -0.53% -0.27%
SHAREHOLDERS EQUITY
Retained Earnings -$400.0M
YoY Change
Common Stock $153.3M $153.2M
YoY Change 0.1%
Preferred Stock
YoY Change
Treasury Stock (at cost) $4.901M $4.901M
YoY Change 0.0%
Treasury Stock Shares 536.3K shares 536.3K shares
Shareholders Equity $1.374B $136.9M $141.7M
YoY Change
Total Liabilities & Shareholders Equity $1.834B $249.9M $254.3M
YoY Change 640.58% -1.73% -2.49%

Cashflow Statement

Concept 2013 Q4 2013 Q3 2012 Q3
OPERATING ACTIVITIES
Net Income $2.180M $323.0K $473.0K
YoY Change -204.81% -31.71% -35.21%
Depreciation, Depletion And Amortization $17.35M $16.62M
YoY Change -75.19%
Cash From Operating Activities $12.21M $17.37M $3.510M
YoY Change -82.58% 394.87% -305.26%
INVESTING ACTIVITIES
Capital Expenditures -$8.570M -$4.390M $0.00
YoY Change -70.43%
Acquisitions
YoY Change
Other Investing Activities $170.0K $1.590M $2.170M
YoY Change -107.33% -26.73% -240.91%
Cash From Investing Activities -$8.400M -$2.790M $2.170M
YoY Change -73.16% -228.57% -240.91%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -4.310M -30.62M -2.800M
YoY Change -91.58% 993.57% -144.23%
NET CHANGE
Cash From Operating Activities 12.21M 17.37M 3.510M
Cash From Investing Activities -8.400M -2.790M 2.170M
Cash From Financing Activities -4.310M -30.62M -2.800M
Net Change In Cash -500.0K -16.04M 2.880M
YoY Change -95.97% -656.94% -6.49%
FREE CASH FLOW
Cash From Operating Activities $12.21M $17.37M $3.510M
Capital Expenditures -$8.570M -$4.390M $0.00
Free Cash Flow $20.78M $21.76M $3.510M
YoY Change -79.02% 519.94% -305.26%

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PrepaidExpensesAndDeposits
330000
CY2012Q4 pcc Loans Receivable Affiliated Group Of Obligors
LoansReceivableAffiliatedGroupOfObligors
0.05 pure
CY2012Q4 pcc Financing Receivable Recorded Investment One To Twenty Eight Days Past Due
FinancingReceivableRecordedInvestmentOneToTwentyEightDaysPastDue
198282000
CY2012Q4 pcc Financing Receivable Recorded Investment Twenty Nine To Fifty Nine Days Past Due
FinancingReceivableRecordedInvestmentTwentyNineToFiftyNineDaysPastDue
2824000
CY2012Q4 pcc Percentage Of Twenty Nine To Fifty Nine Days Loan Receivable Past Due In Aggregate Loan Receivable
PercentageOfTwentyNineToFiftyNineDaysLoanReceivablePastDueInAggregateLoanReceivable
0.014 pure
dei Trading Symbol
TradingSymbol
PCC
dei Entity Registrant Name
EntityRegistrantName
PMC COMMERCIAL TRUST /TX
dei Amendment Flag
AmendmentFlag
false
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2013-09-30
dei Entity Central Index Key
EntityCentralIndexKey
0000908311
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
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dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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2000 shares
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P2Y
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us-gaap Earnings Per Share Basic And Diluted
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P2Y
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2015-02-01
us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Concentration Risk Percentage1
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0.94 pure
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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us-gaap Stock Issued During Period Value Share Based Compensation
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3782000
us-gaap Interest And Dividend Income Operating
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322000
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us-gaap Cash Flows Between Transferee And Transferor Purchases Of Previously Transferred Financial Assets
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us-gaap Payments To Acquire Loans And Leases Held For Investment
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277000
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426000
us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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68000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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us-gaap General And Administrative Expense
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us-gaap Net Cash Provided By Used In Financing Activities
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18392000
us-gaap Proceeds From Repayments Of Secured Debt
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us-gaap Deferred Income Tax Expense Benefit
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us-gaap Provision For Loan And Lease Losses
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960000
us-gaap Share Based Compensation
ShareBasedCompensation
41000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
29000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
11359000
us-gaap Proceeds From Sale Of Foreclosed Assets
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1622000
us-gaap Interest Expense
InterestExpense
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us-gaap Proceeds From Issuance Of Debt
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us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
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11910000
us-gaap Net Cash Provided By Used In Investing Activities
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3205000
us-gaap Allowance For Loan And Lease Losses Write Offs
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3900000
us-gaap Proceeds From Collection Of Retained Interest In Securitized Receivables
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68000
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47800000
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pcc Dividends Per Share
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pcc Net Realized Gains Losses Included In Net Income
NetRealizedGainsLossesIncludedInNetIncome
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pcc Provision For Loan Losses As Percentage Of Loans
ProvisionForLoanLossesAsPercentageOfLoans
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pcc Employment Agreement Term
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P3Y
pcc Impairment Losses Discontinued Operations
ImpairmentLossesDiscontinuedOperations
135000
pcc Cash Proceeds From Sale Of Property
CashProceedsFromSaleOfProperty
965000
pcc Impaired Financing Receivable Estimated Fair Value
ImpairedFinancingReceivableEstimatedFairValue
7732000
pcc Reduction Of Loan Losses
ReductionOfLoanLosses
398000
pcc Disability Payments In Terms Of Annual Salary Paid
DisabilityPaymentsInTermsOfAnnualSalaryPaid
1 Payment
pcc Unrealized Premium Adjustment
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574000
pcc Employment Agreements With Executive Officer Expiration Date
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2015-12-31
pcc Transaction Costs
TransactionCosts
1615000
pcc Mortgage Loans On Real Estate Collections Of Principal Operating Activities
MortgageLoansOnRealEstateCollectionsOfPrincipalOperatingActivities
946000
pcc Transfer To Real Estate
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pcc Debt Instrument Extended Maturity Date
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pcc Payment Of Principal On Structured Notes Payable
PaymentOfPrincipalOnStructuredNotesPayable
4190000
pcc Loan Related Income Other
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113000
pcc Reclassification Secured Borrowings And Loans Receivable
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1749000
pcc Capitalized Loan Origination Costs
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158000
pcc Number Of Employees Covered Under Employee Agreement
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2 Employees
pcc Death Payments In Terms Of Annual Salary Paid
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2 Payment
pcc Severance Compensation Paid In Terms Of Annual Compensation
SeveranceCompensationPaidInTermsOfAnnualCompensation
2.99 times the average of the last three years
pcc Prepayment Fee Income On Loan Prepayments
PrepaymentFeeIncomeOnLoanPrepayments
389000
pcc Provision For Loan Lease And Other Losses Gains
ProvisionForLoanLeaseAndOtherLossesGains
562000
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
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us-gaap Increase Decrease In Loans Deferred Income
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74000
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us-gaap Mortgage Loan Related To Property Sales1
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us-gaap Gain Loss On Disposition Of Real Estate Discontinued Operations
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us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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26000 shares
us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
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69000 shares
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119000
us-gaap Revenues
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us-gaap Principal Transactions Revenue
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us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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us-gaap Disposal Group Including Discontinued Operation Operating Income Loss
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us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
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408000
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us-gaap Impaired Financing Receivable Interest Income Accrual Method
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277000
us-gaap Mortgage Loans On Real Estate Collections Of Principal
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us-gaap Cash Flows Between Transferee And Transferor Purchases Of Previously Transferred Financial Assets
CashFlowsBetweenTransfereeAndTransferorPurchasesOfPreviouslyTransferredFinancialAssets
148000
us-gaap Net Income Loss
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us-gaap Payments To Acquire Loans And Leases Held For Investment
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us-gaap Accretion Amortization Of Discounts And Premiums Investments
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us-gaap Payments For Origination Of Mortgage Loans Held For Sale
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370000
us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Proceeds From Sale Of Loans Held For Sale
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us-gaap Share Based Compensation
ShareBasedCompensation
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us-gaap Provision For Loan And Lease Losses
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us-gaap Proceeds From Sale Of Foreclosed Assets
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678000
us-gaap Interest Expense
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us-gaap Proceeds From Issuance Of Debt
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us-gaap Impaired Financing Receivable Average Recorded Investment
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8788000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
2289000
us-gaap Allowance For Loan And Lease Losses Write Offs
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391000
us-gaap Proceeds From Collection Of Retained Interest In Securitized Receivables
ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivables
82000
us-gaap Proceeds From Long Term Lines Of Credit
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us-gaap Provision For Loan Lease And Other Losses
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us-gaap Asset Impairment Charges
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us-gaap Proceeds From Repayments Of Lines Of Credit
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us-gaap Allocated Share Based Compensation Expense
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us-gaap Other Nonrecurring Expense
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us-gaap Labor And Related Expense
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3350000
us-gaap Increase Decrease In Customer Advances And Deposits
IncreaseDecreaseInCustomerAdvancesAndDeposits
2673000
us-gaap Operating Expenses
OperatingExpenses
11758000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
311000
pcc Proceeds From Secured Borrowings Government Guaranteed Loans
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8498000
pcc Net Realized Gains Losses Included In Net Income
NetRealizedGainsLossesIncludedInNetIncome
-89000
pcc Provision For Loan Losses As Percentage Of Loans
ProvisionForLoanLossesAsPercentageOfLoans
0.0060 pure
pcc Estimated Fair Value Of Collateral
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1481000
pcc Impairment Losses Discontinued Operations
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208000
pcc Reduction Of Loan Losses
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149000
pcc Unrealized Premium Adjustment
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1229000
pcc Mortgage Loans On Real Estate Collections Of Principal Operating Activities
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499000
pcc Transfer To Real Estate
TransferToRealEstate
1481000
pcc Payment Of Principal On Structured Notes Payable
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5264000
pcc Allocated Share Based Compensation Related To Options
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12000
pcc Loan Related Income Other
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173000
pcc Capitalized Loan Origination Costs
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271000
pcc Prepayment Fee Income On Loan Prepayments
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273000
pcc Allocated Share Based Compensation Expense Related To Shares Issued To Board Of Trust Managers
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39000
pcc Provision For Loan Lease And Other Losses Gains
ProvisionForLoanLeaseAndOtherLossesGains
646000
CY2013Q3 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
0
CY2013Q3 us-gaap Gain Loss On Sale Of Properties
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0
CY2013Q3 pcc Estimated Fair Value Of Collateral
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2300000
CY2013Q3 pcc Cash Proceeds From Sale Of Property
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200000
CY2013Q3 pcc Gross Sales Price Property Sold
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1175000
CY2012Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
30000 shares
CY2012Q2 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
7.80
CY2012 us-gaap Concentration Risk Percentage1
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0.94 pure
CY2012 pcc Impaired Financing Receivable Estimated Fair Value
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11637000
CY2013Q1 us-gaap Dividend Payable Date To Be Paid Day Month And Year
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2013-04-08
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Terms Of Award
ShareBasedCompensationArrangementByShareBasedPaymentAwardTermsOfAward
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CY2013Q1 pcc Dividends Per Share
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0.125
CY2013Q1 us-gaap Dividends Payable Date Of Record Day Month And Year
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2013-03-28
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2013-07-08
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10590000 shares
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113000 shares
CY2012Q3 us-gaap Revenues
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4864000
CY2012Q3 us-gaap Comprehensive Income Net Of Tax
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462000
CY2013Q2 us-gaap Dividends Payable Date Of Record Day Month And Year
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2013-06-28
CY2013Q2 pcc Dividends Per Share
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0.125
CY2012Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
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-0.02
CY2012Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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10590000 shares
CY2012Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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0 shares
CY2012Q3 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
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0.06
CY2012Q3 us-gaap Earnings Per Share Basic And Diluted
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0.04
CY2012Q3 us-gaap Gain Loss On Disposition Of Real Estate Discontinued Operations
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CY2012Q3 us-gaap Principal Transactions Revenue
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796000
CY2012Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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-172000
CY2012Q3 us-gaap Disposal Group Including Discontinued Operation Operating Income Loss
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-146000
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CY2012Q3 us-gaap Revenue Other Financial Services
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507000
CY2012Q3 us-gaap Income Loss From Continuing Operations
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645000
CY2012Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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917000
CY2012Q3 us-gaap Interest And Dividend Income Operating
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3561000
CY2012Q3 us-gaap Impaired Financing Receivable Interest Income Accrual Method
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88000
CY2012Q3 us-gaap Cash Flows Between Transferee And Transferor Purchases Of Previously Transferred Financial Assets
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43000
CY2012Q3 us-gaap Net Income Loss
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473000
CY2012Q3 us-gaap Servicing Fees Net
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CY2012Q3 us-gaap Impaired Financing Receivable Average Recorded Investment
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9885000
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1421000
CY2012Q3 us-gaap Labor And Related Expense
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1091000
CY2012Q3 us-gaap Operating Expenses
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3947000
CY2012Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
272000
CY2012Q3 pcc Net Realized Gains Losses Included In Net Income
NetRealizedGainsLossesIncludedInNetIncome
-23000
CY2012Q3 pcc Impairment Losses Discontinued Operations
ImpairmentLossesDiscontinuedOperations
7000
CY2012Q3 pcc Loan Related Income Other
LoanRelatedIncomeOther
63000
CY2012Q3 pcc Prepayment Fee Income On Loan Prepayments
PrepaymentFeeIncomeOnLoanPrepayments
254000
CY2012Q3 pcc Provision For Loan Lease And Other Losses Gains
ProvisionForLoanLeaseAndOtherLossesGains
53000
CY2013Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
-0.01
CY2013Q3 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2013-10-07
CY2013Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10606000 shares
CY2013Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
10000 shares
CY2013Q3 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
0.04
CY2013Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.03
CY2013Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10596000 shares
CY2013Q3 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2013-09-30
CY2013Q3 us-gaap Revenues
Revenues
4588000
CY2013Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
303000
CY2013Q3 us-gaap Gain Loss On Investments
GainLossOnInvestments
-20000
CY2013Q3 us-gaap Gain Loss On Disposition Of Real Estate Discontinued Operations
GainLossOnDispositionOfRealEstateDiscontinuedOperations
-15000
CY2013Q3 us-gaap Principal Transactions Revenue
PrincipalTransactionsRevenue
417000
CY2013Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-75000
CY2013Q3 us-gaap Disposal Group Including Discontinued Operation Operating Income Loss
DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss
-51000
CY2013Q3 us-gaap Other Operating Income
OtherOperatingIncome
27000
CY2013Q3 us-gaap Revenue Other Financial Services
RevenueOtherFinancialServices
601000
CY2013Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
398000
CY2013Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
754000
CY2013Q3 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
3570000
CY2013Q3 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
112000
CY2013Q3 us-gaap Cash Flows Between Transferee And Transferor Purchases Of Previously Transferred Financial Assets
CashFlowsBetweenTransfereeAndTransferorPurchasesOfPreviouslyTransferredFinancialAssets
42000
CY2013Q3 us-gaap Net Income Loss
NetIncomeLoss
323000
CY2013Q3 us-gaap Servicing Fees Net
ServicingFeesNet
160000
CY2013Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
10000
CY2013Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
606000
CY2013Q3 us-gaap Interest Expense
InterestExpense
803000
CY2013Q3 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
-9000
CY2013Q3 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
9783000
CY2013Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8000
CY2013Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
1055000
CY2013Q3 us-gaap Operating Expenses
OperatingExpenses
3834000
CY2013Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
356000
CY2013Q3 pcc Dividends Per Share
DividendsPerShare
0.125
CY2013Q3 pcc Net Realized Gains Losses Included In Net Income
NetRealizedGainsLossesIncludedInNetIncome
-30000
CY2013Q3 pcc Impairment Losses Discontinued Operations
ImpairmentLossesDiscontinuedOperations
18000
CY2013Q3 pcc Transaction Costs
TransactionCosts
1222000
CY2013Q3 pcc Loan Related Income Other
LoanRelatedIncomeOther
33000
CY2013Q3 pcc Prepayment Fee Income On Loan Prepayments
PrepaymentFeeIncomeOnLoanPrepayments
339000
CY2013Q3 pcc Provision For Loan Lease And Other Losses Gains
ProvisionForLoanLeaseAndOtherLossesGains
148000

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