2014 Q1 Form 10-K Financial Statement

#000119312514091628 Filed on March 10, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q4 2013 Q3
Revenue $64.12M $60.18M $4.588M
YoY Change 9.97% 1252.36% -5.67%
Cost Of Revenue $35.32M $34.82M $31.31M
YoY Change 17.23%
Gross Profit $27.27M $25.36M $26.17M
YoY Change -3.23%
Gross Profit Margin 42.53% 42.14% 570.4%
Selling, General & Admin $1.240M $1.800M $3.180M
YoY Change 129.63% -41.75% 3.92%
% of Gross Profit 4.55% 7.1% 12.15%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $16.63M $17.35M $16.62M
YoY Change -2.98% -75.19%
% of Gross Profit 60.98% 68.41% 63.51%
Operating Expenses $17.88M $19.15M $3.834M
YoY Change 1.13% 517.74% -2.86%
Operating Profit $9.390M $6.210M $22.34M
YoY Change -10.57%
Interest Expense $4.217M -$3.920M $803.0K
YoY Change -9.84% 340.45% -9.47%
% of Operating Profit 44.91% -63.12% 3.6%
Other Income/Expense, Net
YoY Change
Pretax Income $11.23M $2.290M $754.0K
YoY Change 92.8% -238.79% -17.78%
Income Tax $8.000K $0.00 $356.0K
% Of Pretax Income 0.07% 0.0% 47.21%
Net Earnings $11.22M $2.180M $323.0K
YoY Change 92.57% -204.81% -31.71%
Net Earnings / Revenue 17.5% 3.62% 7.04%
Basic Earnings Per Share $0.02
Diluted Earnings Per Share $0.02 $68.53K $55.64K
COMMON SHARES
Basic Shares Outstanding 10.60M shares 10.60M shares 10.60M shares
Diluted Shares Outstanding 479.7M shares 10.61M shares

Balance Sheet

Concept 2014 Q1 2013 Q4 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $24.10M $16.80M $12.60M
YoY Change 197.53% 1300.0% 200.0%
Cash & Equivalents $24.11M $16.80M $12.59M
Short-Term Investments
Other Short-Term Assets $300.0K
YoY Change
Inventory
Prepaid Expenses
Receivables $10.00M $9.300M
Other Receivables $0.00 $0.00
Total Short-Term Assets $34.10M $26.10M $13.60M
YoY Change 320.99% 1142.86% 223.81%
LONG-TERM ASSETS
Property, Plant & Equipment $1.675B $1.682B
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $900.0K
YoY Change -99.63%
Other Assets $94.60M $94.30M $3.000M
YoY Change 3162.07% 3267.86% 11.11%
Total Long-Term Assets $2.017B $1.808B $236.3M
YoY Change 712.05% 636.29% -5.52%
TOTAL ASSETS
Total Short-Term Assets $34.10M $26.10M $13.60M
Total Long-Term Assets $2.017B $1.808B $236.3M
Total Assets $2.051B $1.834B $249.9M
YoY Change 699.7% 640.58% -1.73%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $27.20M $26.10M $3.000M
YoY Change 597.44% 536.59% 0.0%
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 $34.90M $32.90M $4.300M
YoY Change 571.15% 509.26% -8.51%
LONG-TERM LIABILITIES
Long-Term Debt $569.7M $395.1M $104.5M
YoY Change 434.93% 302.75% 3.06%
Other Long-Term Liabilities $33.40M $30.00M $3.300M
YoY Change 421.88% 408.47% -49.23%
Total Long-Term Liabilities $603.1M $425.1M $107.8M
YoY Change 434.19% 308.75% -0.09%
TOTAL LIABILITIES
Total Short-Term Liabilities $34.90M $32.90M $4.300M
Total Long-Term Liabilities $603.1M $425.1M $107.8M
Total Liabilities $638.0M $458.0M $112.1M
YoY Change 440.22% 322.19% -0.53%
SHAREHOLDERS EQUITY
Retained Earnings -$407.8M -$400.0M
YoY Change
Common Stock $331.0K $153.3M $153.2M
YoY Change 0.1%
Preferred Stock
YoY Change
Treasury Stock (at cost) $4.901M $4.901M $4.901M
YoY Change 0.0%
Treasury Stock Shares 536.3K shares 536.3K shares 536.3K shares
Shareholders Equity $1.411B $1.374B $136.9M
YoY Change
Total Liabilities & Shareholders Equity $2.051B $1.834B $249.9M
YoY Change 699.7% 640.58% -1.73%

Cashflow Statement

Concept 2014 Q1 2013 Q4 2013 Q3
OPERATING ACTIVITIES
Net Income $11.22M $2.180M $323.0K
YoY Change 92.57% -204.81% -31.71%
Depreciation, Depletion And Amortization $16.63M $17.35M $16.62M
YoY Change -2.98% -75.19%
Cash From Operating Activities $12.03M $12.21M $17.37M
YoY Change -8.1% -82.58% 394.87%
INVESTING ACTIVITIES
Capital Expenditures -$7.230M -$8.570M -$4.390M
YoY Change 42.32% -70.43%
Acquisitions
YoY Change
Other Investing Activities -$22.00K $170.0K $1.590M
YoY Change -102.22% -107.33% -26.73%
Cash From Investing Activities -$1.140M -$8.400M -$2.790M
YoY Change -72.13% -73.16% -228.57%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.580M -4.310M -30.62M
YoY Change -70.61% -91.58% 993.57%
NET CHANGE
Cash From Operating Activities 12.03M 12.21M 17.37M
Cash From Investing Activities -1.140M -8.400M -2.790M
Cash From Financing Activities -3.580M -4.310M -30.62M
Net Change In Cash 7.310M -500.0K -16.04M
YoY Change -329.87% -95.97% -656.94%
FREE CASH FLOW
Cash From Operating Activities $12.03M $12.21M $17.37M
Capital Expenditures -$7.230M -$8.570M -$4.390M
Free Cash Flow $19.26M $20.78M $21.76M
YoY Change 6.0% -79.02% 519.94%

Facts In Submission

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CY2012Q4 us-gaap Line Of Credit
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CY2012Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
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CY2012Q4 us-gaap Impaired Financing Receivable Related Allowance
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CY2012Q4 us-gaap Cumulative Earnings Deficit
CumulativeEarningsDeficit
173917000
CY2012Q4 us-gaap Common Stock Value
CommonStockValue
111000
CY2012Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
247707000
CY2012Q4 us-gaap Long Term Debt
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CY2012Q4 us-gaap Liabilities
Liabilities
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CY2012Q4 us-gaap Transfers Accounted For As Secured Borrowings Associated Liabilities Carrying Amount
TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount
41008000
CY2012Q4 us-gaap Commitments And Contingencies
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CY2012Q4 us-gaap Mortgage Loans On Real Estate Commercial And Consumer Net
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125515000
CY2012Q4 us-gaap Prepaid Expense Current And Noncurrent
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330000
CY2012Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
25000
CY2012Q4 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
10927000
CY2012Q4 us-gaap Cumulative Dividends
CumulativeDividends
184151000
CY2012Q4 us-gaap Assets
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247707000
CY2012Q4 us-gaap Variable Interest Entity Nonconsolidated Carrying Amount Assets
VariableInterestEntityNonconsolidatedCarryingAmountAssets
820000
CY2012Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1230000
CY2012Q4 us-gaap Deferred Tax Assets Liabilities Net
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1626000
CY2012Q4 us-gaap Loans Receivable Commercial Mortgage
LoansReceivableCommercialMortgage
128401000
CY2012Q4 us-gaap Financing Receivable Recorded Investment60 To89 Days Past Due
FinancingReceivableRecordedInvestment60To89DaysPastDue
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CY2012Q4 us-gaap Interests Continued To Be Held By Transferor Fair Value
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773000
CY2012Q4 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
0
CY2012Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
1626000
CY2012Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
238991000
CY2012Q4 us-gaap Interest Receivable
InterestReceivable
620000
CY2012Q4 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
2244000
CY2012Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
1218000
CY2012Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
13171000
CY2012Q4 us-gaap Other Assets
OtherAssets
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CY2012Q4 us-gaap Servicing Asset
ServicingAsset
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CY2012Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
242127000
CY2012Q4 us-gaap Loans And Leases Receivable Collateral For Secured Borrowings
LoansAndLeasesReceivableCollateralForSecuredBorrowings
38349000
CY2012Q4 us-gaap Loans Receivable Net
LoansReceivableNet
238991000
CY2012Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
99000
CY2012Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
69000
CY2012Q4 us-gaap Financing Receivable Recorded Investment Equal To Greater Than90 Days Past Due
FinancingReceivableRecordedInvestmentEqualToGreaterThan90DaysPastDue
3111000
CY2012Q4 us-gaap Treasury Stock Value
TreasuryStockValue
4901000
CY2012Q4 us-gaap Real Estate Acquired Through Foreclosure
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739000
CY2012Q4 pcc Loans Receivable Past Due
LoansReceivablePastDue
P90D
CY2012Q4 pcc Loan Receivable
LoanReceivable
27974000
CY2012Q4 pcc Percentage Of Current Loan Receivable In Aggregate Loan Receivable
PercentageOfCurrentLoanReceivableInAggregateLoanReceivable
0.971 pure
CY2012Q4 pcc Commercial Mortgage Loans Receivable Other
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47153000
CY2012Q4 pcc Aging Of Loans Receivable Percent
AgingOfLoansReceivablePercent
1.000 pure
CY2012Q4 pcc Deferred Tax Assets Retained Interests In Transferred Assets
DeferredTaxAssetsRetainedInterestsInTransferredAssets
387000
CY2012Q4 pcc Percentage Of Sixty To Eighty Nine Days Loan Receivable Past Due In Aggregate Loan Receivable
PercentageOfSixtyToEightyNineDaysLoanReceivablePastDueInAggregateLoanReceivable
pure
CY2012Q4 pcc Percentage Of Equal To Or Greater Than Ninety Days Past Due Loan Receivable In Aggregate Loan Receivable
PercentageOfEqualToOrGreaterThanNinetyDaysPastDueLoanReceivableInAggregateLoanReceivable
0.015 pure
CY2012Q4 pcc Government Guaranteed Portion Loan Related Secured Borrowing
GovernmentGuaranteedPortionLoanRelatedSecuredBorrowing
634000
CY2012Q4 pcc Recorded Investment In Non Accrual Loan
RecordedInvestmentInNonAccrualLoan
5768000
CY2012Q4 pcc Gross Deferred Tax Assets Pertaining To Net Operating Loss And Tax Credit Carryforwards
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1803000
CY2012Q4 pcc Gross Beneficiaries Equity
GrossBeneficiariesEquity
143227000
CY2012Q4 pcc Percentage Of Loan Receivable In Aggregate Loan Receivable
PercentageOfLoanReceivableInAggregateLoanReceivable
1.000 pure
CY2012Q4 pcc Loans Receivable Gross Excluding Secured Borrowings
LoansReceivableGrossExcludingSecuredBorrowings
204218000
CY2012Q4 pcc Deferred Tax Assets Secured Borrowings
DeferredTaxAssetsSecuredBorrowings
1054000
CY2012Q4 pcc Debentures Payable
DebenturesPayable
17190000
CY2012Q4 pcc Deferred Tax Assets Servicing Assets
DeferredTaxAssetsServicingAssets
268000
CY2012Q4 pcc Deferred Tax Liabilities Loans Receivables
DeferredTaxLiabilitiesLoansReceivables
177000
CY2012Q4 pcc Loans And Leases Receivable Deferred Capitalized Costs
LoansAndLeasesReceivableDeferredCapitalizedCosts
277000
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
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2824000
CY2012Q4 pcc Percentage Of Twenty Nine To Fifty Nine Days Loan Receivable Past Due In Aggregate Loan Receivable
PercentageOfTwentyNineToFiftyNineDaysLoanReceivablePastDueInAggregateLoanReceivable
0.014 pure
CY2012Q4 pcc Small Business Loans Receivable Gross
SmallBusinessLoansReceivableGross
28196000
CY2012Q4 pcc Loans Classified As Troubled Debt Restructurings Over89 Days Past Due Delinquent
LoansClassifiedAsTroubledDebtRestructuringsOver89DaysPastDueDelinquent
2300000
CY2013Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
10596220 shares
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
98500 shares
CY2013Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
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CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
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CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
112500 shares
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
500000 shares
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
8.29
CY2013Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2013Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
536329 shares
CY2013Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
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CY2013Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
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CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
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CY2013Q4 us-gaap Junior Subordinated Notes
JuniorSubordinatedNotes
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CY2013Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
1375000
CY2013Q4 us-gaap Allowance For Loan And Lease Losses Real Estate
AllowanceForLoanAndLeaseLossesRealEstate
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CY2013Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
247000
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
253000
CY2013Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
28000
CY2013Q4 us-gaap Customer Advances And Deposits
CustomerAdvancesAndDeposits
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CY2013Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
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CY2013Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
3284000
CY2013Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
1347000
CY2013Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
136052000
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
135152000
CY2013Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
1419000
CY2013Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
153121000
CY2013Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
1295000
CY2013Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
3036000
CY2013Q4 us-gaap Minority Interest
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900000
CY2013Q4 us-gaap Line Of Credit
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CY2013Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
1464000
CY2013Q4 us-gaap Minimum Net Worth Required For Compliance
MinimumNetWorthRequiredForCompliance
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CY2013Q4 us-gaap Impaired Financing Receivable Related Allowance
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CY2013Q4 us-gaap Debt Instrument Face Amount
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CY2013Q4 us-gaap Cumulative Earnings Deficit
CumulativeEarningsDeficit
175984000
CY2013Q4 us-gaap Common Stock Value
CommonStockValue
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CY2013Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
253410000
CY2013Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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19735000
CY2013Q4 us-gaap Long Term Debt
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CY2013Q4 us-gaap Liabilities
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117358000
CY2013Q4 us-gaap Transfers Accounted For As Secured Borrowings Associated Liabilities Carrying Amount
TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount
40427000
CY2013Q4 us-gaap Commitments And Contingencies
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CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
217000
CY2013Q4 us-gaap Mortgage Loans On Real Estate Commercial And Consumer Net
MortgageLoansOnRealEstateCommercialAndConsumerNet
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CY2013Q4 us-gaap Prepaid Expense Current And Noncurrent
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287000
CY2013Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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28000
CY2013Q4 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
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CY2013Q4 us-gaap Cumulative Dividends
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CY2013Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
1746000
CY2013Q4 us-gaap Assets
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CY2013Q4 us-gaap Variable Interest Entity Nonconsolidated Carrying Amount Assets
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CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
7981000
CY2013Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
1471000
CY2013Q4 us-gaap Loans Receivable Commercial Mortgage
LoansReceivableCommercialMortgage
119030000
CY2013Q4 us-gaap Financing Receivable Recorded Investment60 To89 Days Past Due
FinancingReceivableRecordedInvestment60To89DaysPastDue
CY2013Q4 us-gaap Interests Continued To Be Held By Transferor Fair Value
InterestsContinuedToBeHeldByTransferorFairValue
694000
CY2013Q4 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
0
CY2013Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
1471000
CY2013Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
236589000
CY2013Q4 us-gaap Interest Receivable
InterestReceivable
718000
CY2013Q4 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
4340000
CY2013Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
1526000
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
34000
CY2013Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
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CY2013Q4 us-gaap Other Assets
OtherAssets
8840000
CY2013Q4 us-gaap Servicing Asset
ServicingAsset
1559000
CY2011 us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
15774000
CY2013Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
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CY2013Q4 us-gaap Loans And Leases Receivable Collateral For Secured Borrowings
LoansAndLeasesReceivableCollateralForSecuredBorrowings
37839000
CY2013Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
13000
CY2013Q4 pcc Percentage Of Sixty To Eighty Nine Days Loan Receivable Past Due In Aggregate Loan Receivable
PercentageOfSixtyToEightyNineDaysLoanReceivablePastDueInAggregateLoanReceivable
pure
CY2013Q4 pcc Percentage Of Equal To Or Greater Than Ninety Days Past Due Loan Receivable In Aggregate Loan Receivable
PercentageOfEqualToOrGreaterThanNinetyDaysPastDueLoanReceivableInAggregateLoanReceivable
0.007 pure
CY2013Q4 us-gaap Loans Receivable Net
LoansReceivableNet
236589000
CY2013Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
319000
CY2013Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
84000
CY2013Q4 us-gaap Financing Receivable Recorded Investment Equal To Greater Than90 Days Past Due
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1340000
CY2013Q4 us-gaap Treasury Stock Value
TreasuryStockValue
4901000
CY2013Q4 us-gaap Real Estate Acquired Through Foreclosure
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1446000
CY2013Q4 pcc Loans Receivable Past Due
LoansReceivablePastDue
P90D
CY2013Q4 pcc Loan Receivable
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30060000
CY2013Q4 pcc Outstanding Loan Commitments And Approvals To Fund Loans
OutstandingLoanCommitmentsAndApprovalsToFundLoans
13600000
CY2013Q4 pcc Percentage Of Current Loan Receivable In Aggregate Loan Receivable
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0.985 pure
CY2013Q4 pcc Commercial Mortgage Loans Receivable Other
CommercialMortgageLoansReceivableOther
52515000
CY2013Q4 pcc Aging Of Loans Receivable Percent
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1.000 pure
CY2013Q4 pcc Deferred Tax Assets Retained Interests In Transferred Assets
DeferredTaxAssetsRetainedInterestsInTransferredAssets
359000
CY2013Q4 pcc Revolving Credit Facility Borrowing Under Covenant Term
RevolvingCreditFacilityBorrowingUnderCovenantTerm
132000000
CY2013Q4 pcc Investment In Variable Interest Entity
InvestmentInVariableInterestEntity
820000
CY2013Q4 pcc Recorded Investment In Non Accrual Loan
RecordedInvestmentInNonAccrualLoan
1336000
CY2013Q4 pcc Gross Deferred Tax Assets Pertaining To Net Operating Loss And Tax Credit Carryforwards
GrossDeferredTaxAssetsPertainingToNetOperatingLossAndTaxCreditCarryforwards
1718000
CY2013Q4 pcc Gross Beneficiaries Equity
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140053000
CY2013Q4 pcc Percentage Of Loan Receivable In Aggregate Loan Receivable
PercentageOfLoanReceivableInAggregateLoanReceivable
1.000 pure
CY2013Q4 pcc Loans Receivable Gross Excluding Secured Borrowings
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202203000
CY2013Q4 pcc Deferred Tax Assets Secured Borrowings
DeferredTaxAssetsSecuredBorrowings
1028000
CY2013Q4 pcc Debentures Payable
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27500000
CY2013Q4 pcc Deferred Tax Assets Servicing Assets
DeferredTaxAssetsServicingAssets
247000
CY2013Q4 pcc Deferred Tax Liabilities Loans Receivables
DeferredTaxLiabilitiesLoansReceivables
247000
CY2013Q4 pcc Loans And Leases Receivable Deferred Capitalized Costs
LoansAndLeasesReceivableDeferredCapitalizedCosts
267000
CY2013Q4 pcc Maximum Dividends Loans And Advances Available To Parent From Subsidiaries
MaximumDividendsLoansAndAdvancesAvailableToParentFromSubsidiaries
2100000
CY2013Q4 pcc Minimum Net Worth Required For Compliance As Percentage Of Loans Receivable
MinimumNetWorthRequiredForComplianceAsPercentageOfLoansReceivable
0.10 pure
CY2013Q4 pcc Financing Receivable Recorded Investment One To Twenty Eight Days Past Due
FinancingReceivableRecordedInvestmentOneToTwentyEightDaysPastDue
199307000
CY2013Q4 pcc Financing Receivable Recorded Investment Twenty Nine To Fifty Nine Days Past Due
FinancingReceivableRecordedInvestmentTwentyNineToFiftyNineDaysPastDue
1556000
CY2013Q4 pcc Percentage Of Twenty Nine To Fifty Nine Days Loan Receivable Past Due In Aggregate Loan Receivable
PercentageOfTwentyNineToFiftyNineDaysLoanReceivablePastDueInAggregateLoanReceivable
0.008 pure
CY2013Q4 pcc Small Business Loans Receivable Gross
SmallBusinessLoansReceivableGross
30325000
CY2013Q4 pcc Loans Classified As Troubled Debt Restructurings Between29 And59 Days Past Due Delinquent
LoansClassifiedAsTroubledDebtRestructuringsBetween29And59DaysPastDueDelinquent
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CY2011 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
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CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
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CY2011 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
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CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
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CY2011 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10584000 shares
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.3358 pure
CY2011 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
14000 shares
CY2011 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P3Y
CY2011 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
0.44
CY2011 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
8.75
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
1.10
CY2011 us-gaap Mortgage Loans On Real Estate Cost Of Mortgages Sold
MortgageLoansOnRealEstateCostOfMortgagesSold
16400000
CY2011 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
6787000
CY2011 us-gaap Increase Decrease In Loans Deferred Income
IncreaseDecreaseInLoansDeferredIncome
81000
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0731 pure
CY2011 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-4062000
CY2011 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.34
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
27000 shares
CY2011 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10570000 shares
CY2011 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.640
CY2011 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
81000 shares
CY2011 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
178000
CY2011 us-gaap Revenues
Revenues
16076000
CY2011 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
37800000
CY2011 us-gaap Mortgage Loan Related To Property Sales1
MortgageLoanRelatedToPropertySales1
1172000
CY2011 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
3765000
CY2011 us-gaap Gain Loss On Investments
GainLossOnInvestments
118000
CY2011 us-gaap Gain Loss On Disposition Of Real Estate Discontinued Operations
GainLossOnDispositionOfRealEstateDiscontinuedOperations
532000
CY2011 us-gaap Principal Transactions Revenue
PrincipalTransactionsRevenue
1450000
CY2011 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
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CY2011 us-gaap Income Taxes Paid
IncomeTaxesPaid
612000
CY2011 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
326000
CY2011 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
296000
CY2011 us-gaap Disposal Group Including Discontinued Operation Operating Income Loss
DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss
-690000
CY2011 us-gaap Other Operating Income
OtherOperatingIncome
127000
CY2011 us-gaap Revenue Other Financial Services
RevenueOtherFinancialServices
1055000
CY2011 us-gaap Mortgage Loans On Real Estate Foreclosures
MortgageLoansOnRealEstateForeclosures
409000
CY2011 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
4692000
CY2011 us-gaap Interest Paid
InterestPaid
3733000
CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
4806000
CY2011 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
13571000
CY2011 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
290000
CY2011 us-gaap Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
-19661000
CY2011 us-gaap Cash Flows Between Transferee And Transferor Purchases Of Previously Transferred Financial Assets
CashFlowsBetweenTransfereeAndTransferorPurchasesOfPreviouslyTransferredFinancialAssets
215000
CY2011 us-gaap Net Income Loss
NetIncomeLoss
3647000
CY2011 us-gaap Payments To Acquire Loans And Leases Held For Investment
PaymentsToAcquireLoansAndLeasesHeldForInvestment
12002000
CY2011 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
532000
CY2011 us-gaap Income Tax Reconciliation Deductions Dividends
IncomeTaxReconciliationDeductionsDividends
-31000
CY2011 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
135000
CY2011 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
196000
CY2011 us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
26350000
CY2011 us-gaap Servicing Fees Net
ServicingFeesNet
399000
CY2011 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
31000
CY2011 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
223000
CY2011 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-639000
CY2011 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2010000
CY2011 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-5179000
CY2011 us-gaap Dividends Common Stock
DividendsCommonStock
6767000
CY2011 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-369000
CY2011 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-3553000
CY2011 us-gaap Proceeds From Repayments Of Secured Debt
ProceedsFromRepaymentsOfSecuredDebt
-1812000
CY2011 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-369000
CY2011 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
826000
CY2011 us-gaap Mortgage Loans On Real Estate Other Additions
MortgageLoansOnRealEstateOtherAdditions
410000
CY2011 us-gaap Share Based Compensation
ShareBasedCompensation
178000
CY2011 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
3860000
CY2011 us-gaap Proceeds From Sale Of Foreclosed Assets
ProceedsFromSaleOfForeclosedAssets
415000
CY2011 us-gaap Interest Expense
InterestExpense
3693000
CY2011 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
83000
CY2011 us-gaap Increase Decrease In Customer Advances And Deposits
IncreaseDecreaseInCustomerAdvancesAndDeposits
401000
CY2011 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
483000
CY2011 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
5000000
CY2011 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
8176000
CY2011 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
13101000
CY2011 us-gaap Distribution Made To Limited Partner Cash Distributions Declared
DistributionMadeToLimitedPartnerCashDistributionsDeclared
6767000
CY2011 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
257000
CY2011 us-gaap Proceeds From Collection Of Retained Interest In Securitized Receivables
ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivables
132000
CY2011 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
41800000
CY2011 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
460000
CY2011 us-gaap Asset Impairment Charges
AssetImpairmentCharges
887000
CY2011 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
4000000
CY2011 us-gaap Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
39524000
CY2011 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
148000
CY2011 us-gaap Other Nonrecurring Expense
OtherNonrecurringExpense
778000
CY2011 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
179000
CY2011 us-gaap Labor And Related Expense
LaborAndRelatedExpense
4329000
CY2011 us-gaap Advertising Expense
AdvertisingExpense
85000
CY2011 us-gaap Operating Expenses
OperatingExpenses
11270000
CY2011 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
114000
CY2011 pcc Proceeds From Secured Borrowings Government Guaranteed Loans
ProceedsFromSecuredBorrowingsGovernmentGuaranteedLoans
11639000
CY2011 pcc Mortgage Loans On Real Estate Additions Net
MortgageLoansOnRealEstateAdditionsNet
39951000
CY2011 pcc Net Realized Gains Losses Included In Net Income
NetRealizedGainsLossesIncludedInNetIncome
-105000
CY2011 pcc Real Estate Investment Trust Taxable Income Loss
RealEstateInvestmentTrustTaxableIncomeLoss
5787000
CY2011 pcc Dividends Paid Percentage
DividendsPaidPercentage
1.0000 pure
CY2011 pcc Income Loss Before Income Taxes For Trs
IncomeLossBeforeIncomeTaxesForTrs
245000
CY2011 pcc Impairment Losses Discontinued Operations
ImpairmentLossesDiscontinuedOperations
887000
CY2011 pcc Taxable Income Reconciliation Impairment Losses
TaxableIncomeReconciliationImpairmentLosses
804000
CY2011 pcc Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Forfeiture Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedForfeitureRate
0.0200 pure
CY2011 pcc Taxable Income Reconciliation Other Reconciling Items
TaxableIncomeReconciliationOtherReconcilingItems
-8000
CY2011 pcc Dividend Distribution From Trs
DividendDistributionFromTrs
1000000
CY2011 pcc Reduction Of Loan Losses
ReductionOfLoanLosses
366000
CY2011 pcc Mortgage Loan On Real Estate Accretion Of Loan Fees And Discounts
MortgageLoanOnRealEstateAccretionOfLoanFeesAndDiscounts
17000
CY2011 pcc Taxable Income Reconciliation Amortization And Accretion
TaxableIncomeReconciliationAmortizationAndAccretion
68000
CY2011 pcc Taxable Income Reconciliation Gain Related To Real Estate
TaxableIncomeReconciliationGainRelatedToRealEstate
235000
CY2011 pcc Unrealized Premium Adjustment
UnrealizedPremiumAdjustment
1441000
CY2011 pcc Collections Of Principal Mortgage Loans
CollectionsOfPrincipalMortgageLoans
21473000
CY2011 pcc Mortgage Loans On Real Estate Collections Of Principal Operating Activities
MortgageLoansOnRealEstateCollectionsOfPrincipalOperatingActivities
1812000
CY2011 pcc Transfer To Real Estate
TransferToRealEstate
409000
CY2011 pcc Adjustment For Trs Net Income Loss Net Of Tax
AdjustmentForTrsNetIncomeLossNetOfTax
-131000
CY2011 pcc Mortgage Loans On Real Estate Deductions Net
MortgageLoansOnRealEstateDeductionsNet
38742000
CY2011 pcc Mortgage Loan On Real Estate Bad Debt Expense Net Of Recoveries
MortgageLoanOnRealEstateBadDebtExpenseNetOfRecoveries
460000
CY2011 pcc Real Estate Investment Trust Taxable Income Before Trs Adjustments
RealEstateInvestmentTrustTaxableIncomeBeforeTrsAdjustments
4918000
CY2013 dei Document Period End Date
DocumentPeriodEndDate
2013-12-31
CY2011 pcc Capitalized Loan Origination Costs
CapitalizedLoanOriginationCosts
260000
CY2011 pcc Prepayment Fee Income On Loan Prepayments
PrepaymentFeeIncomeOnLoanPrepayments
118000
CY2011 pcc Payment Of Principal On Sbic Debentures And Structured Notes Payable
PaymentOfPrincipalOnSbicDebenturesAndStructuredNotesPayable
16893000
CY2011 pcc Taxable Income Loss Reconciliation Strategic Alternatives
TaxableIncomeLossReconciliationStrategicAlternatives
678000
CY2011 pcc Taxable Income Loss Reconciliation Severance
TaxableIncomeLossReconciliationSeverance
100000
CY2011 pcc Taxable Income Loss Reconciliation Loan Valuation
TaxableIncomeLossReconciliationLoanValuation
-184000
CY2013 dei Trading Symbol
TradingSymbol
PCC
CY2013 dei Entity Registrant Name
EntityRegistrantName
PMC COMMERCIAL TRUST /TX
CY2013 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2013 dei Amendment Flag
AmendmentFlag
false
CY2013 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2013 dei Entity Central Index Key
EntityCentralIndexKey
0000908311
CY2011 pcc New Mortgage Loans Sale Of Real Estate Owned
NewMortgageLoansSaleOfRealEstateOwned
1172000
CY2011 pcc Proceeds From Unconsolidated Subsidiary
ProceedsFromUnconsolidatedSubsidiary
1373000
CY2013 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2013 dei Document Type
DocumentType
10-K
CY2013 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2013 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2013 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2013 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
-0.03
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
7.65
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Terms Of Award
ShareBasedCompensationArrangementByShareBasedPaymentAwardTermsOfAward
Restricted share awards generally vest based on two years of continuous service with one-third of the shares vesting immediately upon issuance of the shares and one-third vesting at the end of each of the next two years.
CY2013 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.500
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
14000 shares
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10597000 shares
CY2013 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2000 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Requisite Service Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardRequisiteServicePeriod1
P2Y
CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34 pure
CY2013 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
0.23
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P5Y
CY2013 us-gaap Servicing Assets And Servicing Liabilities At Fair Value Assumptions Used To Estimate Fair Value Weighted Average Life1
ServicingAssetsAndServicingLiabilitiesAtFairValueAssumptionsUsedToEstimateFairValueWeightedAverageLife1
P5Y
CY2013 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.20
CY2013 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1427000
CY2013 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y
CY2013 us-gaap Lease Expiration Date1
LeaseExpirationDate1
2015-02-01
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10595000 shares
CY2013 us-gaap Concentration Risk Percentage1
ConcentrationRiskPercentage1
0.95 pure
CY2013 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.500
CY2013 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
68500 shares
CY2013 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <b><i>Use of Estimates</i></b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt"> The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from our estimates. Our most sensitive estimates involve determination of loan loss reserves and valuation of our real estate owned.</p> </div>
CY2013 us-gaap Mortgage Loan Related To Property Sales1
MortgageLoanRelatedToPropertySales1
975000
CY2013 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
49000
CY2013 us-gaap Revenues
Revenues
17905000
CY2013 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
67700000
CY2013 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
2076000
CY2013 us-gaap Gain Loss On Investments
GainLossOnInvestments
9000
CY2013 us-gaap Gain Loss On Disposition Of Real Estate Discontinued Operations
GainLossOnDispositionOfRealEstateDiscontinuedOperations
-16000
CY2013 us-gaap Mortgage Loans On Real Estate Cost Of Mortgages Sold
MortgageLoansOnRealEstateCostOfMortgagesSold
24963000
CY2013 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
5245000
CY2013 us-gaap Increase Decrease In Loans Deferred Income
IncreaseDecreaseInLoansDeferredIncome
62000
CY2013 us-gaap Principal Transactions Revenue
PrincipalTransactionsRevenue
2468000
CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-347000
CY2013 us-gaap Income Taxes Paid
IncomeTaxesPaid
976000
CY2013 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
402000
CY2013 us-gaap Early Repayment Of Subordinated Debt
EarlyRepaymentOfSubordinatedDebt
27500000
CY2013 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
284000
CY2013 us-gaap Disposal Group Including Discontinued Operation Operating Income Loss
DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss
-227000
CY2013 us-gaap Other Operating Income
OtherOperatingIncome
100000
CY2013 us-gaap Mortgage Loans On Real Estate Other Deductions
MortgageLoansOnRealEstateOtherDeductions
1749000
CY2013 us-gaap Revenue Other Financial Services
RevenueOtherFinancialServices
1392000
CY2013 us-gaap Mortgage Loans On Real Estate Foreclosures
MortgageLoansOnRealEstateForeclosures
3641000
CY2013 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
2414000
CY2013 us-gaap Interest Paid
InterestPaid
3500000
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
3626000
CY2013 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
14045000
CY2013 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
388000
CY2013 us-gaap Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
-26512000
CY2013 us-gaap Cash Flows Between Transferee And Transferor Purchases Of Previously Transferred Financial Assets
CashFlowsBetweenTransfereeAndTransferorPurchasesOfPreviouslyTransferredFinancialAssets
162000
CY2013 us-gaap Net Income Loss
NetIncomeLoss
2067000
CY2013 us-gaap Payments To Acquire Loans And Leases Held For Investment
PaymentsToAcquireLoansAndLeasesHeldForInvestment
31409000
CY2013 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
-16000
CY2013 us-gaap Income Tax Reconciliation Deductions Dividends
IncomeTaxReconciliationDeductionsDividends
-31000
CY2013 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
360000
CY2013 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
165000
CY2013 us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
24722000
CY2013 us-gaap Servicing Fees Net
ServicingFeesNet
547000
CY2013 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
2799000
CY2013 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
10000
CY2013 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
109000
CY2013 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-1012000
CY2013 us-gaap Real Estate Acquisitions Through Foreclosures
RealEstateAcquisitionsThroughForeclosures
3641000
CY2013 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2603000
CY2013 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
8407000
CY2013 us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
23687000
CY2013 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
28000
CY2013 us-gaap Proceeds From Repayments Of Secured Debt
ProceedsFromRepaymentsOfSecuredDebt
-2049000
CY2013 us-gaap Dividends Common Stock
DividendsCommonStock
5299000
CY2013 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
155000
CY2013 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
1679000
CY2013 us-gaap Mortgage Loans On Real Estate Other Additions
MortgageLoansOnRealEstateOtherAdditions
326000
CY2013 us-gaap Share Based Compensation
ShareBasedCompensation
49000
CY2013 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
29000
CY2013 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
6751000
CY2013 us-gaap Proceeds From Sale Of Foreclosed Assets
ProceedsFromSaleOfForeclosedAssets
1736000
CY2013 us-gaap Variable Interest Entity Financial Or Other Support Amount
VariableInterestEntityFinancialOrOtherSupportAmount
26250000
CY2013 us-gaap Interest Expense
InterestExpense
3350000
CY2013 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
1147000
CY2013 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
171000
CY2013 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
2789000
CY2013 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
14500000
CY2013 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
-31000
CY2013 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
11121000
CY2013 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3083000
CY2013 us-gaap Distribution Made To Limited Partner Cash Distributions Declared
DistributionMadeToLimitedPartnerCashDistributionsDeclared
5299000
CY2013 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
1366000
CY2013 us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
3400000
CY2013 us-gaap Proceeds From Collection Of Retained Interest In Securitized Receivables
ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivables
88000
CY2013 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
70200000
CY2013 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
1237000
CY2013 us-gaap Asset Impairment Charges
AssetImpairmentCharges
135000
CY2013 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
2500000
CY2013 us-gaap Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
57106000
CY2013 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
49000
CY2013 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
185000
CY2013 us-gaap Labor And Related Expense
LaborAndRelatedExpense
4300000
CY2013 us-gaap Increase Decrease In Customer Advances And Deposits
IncreaseDecreaseInCustomerAdvancesAndDeposits
-2364000
CY2013 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
1041000
CY2013 us-gaap Advertising Expense
AdvertisingExpense
145000
CY2013 us-gaap Operating Expenses
OperatingExpenses
14279000
CY2013 us-gaap Financing Receivable Modifications Subsequent Default Recorded Investment1
FinancingReceivableModificationsSubsequentDefaultRecordedInvestment1
5100000
CY2013 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
6000
CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1212000
CY2013 pcc Proceeds From Secured Borrowings Government Guaranteed Loans
ProceedsFromSecuredBorrowingsGovernmentGuaranteedLoans
3293000
CY2013 pcc Five Year Provision For Loan Losses Expensed
FiveYearProvisionForLoanLossesExpensed
5300000
CY2013 pcc Mortgage Loans On Real Estate Additions Net
MortgageLoansOnRealEstateAdditionsNet
57749000
CY2013 pcc Net Realized Gains Losses Included In Net Income
NetRealizedGainsLossesIncludedInNetIncome
-100000
CY2013 pcc Real Estate Investment Trust Taxable Income Loss
RealEstateInvestmentTrustTaxableIncomeLoss
-532000
CY2013 pcc Dividends Paid Percentage
DividendsPaidPercentage
1.0000 pure
CY2013 pcc Provision For Loan Losses As Percentage Of Loans
ProvisionForLoanLossesAsPercentageOfLoans
0.0083 pure
CY2013 pcc Financing Receivable Modifications Post Modification Recorded Investment Due To Involuntary Bankruptcy Proceedings
FinancingReceivableModificationsPostModificationRecordedInvestmentDueToInvoluntaryBankruptcyProceedings
2700000
CY2013 pcc Loan Loss Reserves As Percentage Loans Receivable
LoanLossReservesAsPercentageLoansReceivable
0.0162 pure
CY2013 pcc Income Loss Before Income Taxes For Trs
IncomeLossBeforeIncomeTaxesForTrs
3373000
CY2013 pcc Provision For Loan Losses Percentage
ProvisionForLoanLossesPercentage
0.0053 pure
CY2013 pcc Impairment Losses Discontinued Operations
ImpairmentLossesDiscontinuedOperations
135000
CY2013 pcc Taxable Income Reconciliation Impairment Losses
TaxableIncomeReconciliationImpairmentLosses
116000
CY2013 pcc Taxable Income Reconciliation Other Reconciling Items
TaxableIncomeReconciliationOtherReconcilingItems
-99000
CY2013 pcc Loans Sold Servicing Spread Percentage Minimum
LoansSoldServicingSpreadPercentageMinimum
0.01 pure
CY2013 pcc Impaired Financing Receivable Estimated Fair Value
ImpairedFinancingReceivableEstimatedFairValue
6682000
CY2013 pcc Minimum Net Worth Required For Compliance Description
MinimumNetWorthRequiredForComplianceDescription
Greater of (1) 10% of the outstanding loans receivable of our SBLC or (2) $1.0 million,
CY2013 pcc Dividend Reinvestment And Cash Purchase Plan Closing Price Average Percentage
DividendReinvestmentAndCashPurchasePlanClosingPriceAveragePercentage
1.00 pure
CY2013 pcc Reduction Of Loan Losses
ReductionOfLoanLosses
442000
CY2013 pcc Mortgage Loan On Real Estate Accretion Of Loan Fees And Discounts
MortgageLoanOnRealEstateAccretionOfLoanFeesAndDiscounts
317000
CY2013 pcc Taxable Income Reconciliation Amortization And Accretion
TaxableIncomeReconciliationAmortizationAndAccretion
100000
CY2013 pcc Disability Payments In Terms Of Annual Salary Paid
DisabilityPaymentsInTermsOfAnnualSalaryPaid
1 Payment
CY2013 pcc Taxable Income Reconciliation Gain Related To Real Estate
TaxableIncomeReconciliationGainRelatedToRealEstate
1537000
CY2013 pcc Unrealized Premium Adjustment
UnrealizedPremiumAdjustment
1071000
CY2013 pcc Collections Of Principal Mortgage Loans
CollectionsOfPrincipalMortgageLoans
28561000
CY2013 pcc Loans Sold Cash Premium Receivable Description
LoansSoldCashPremiumReceivableDescription
(1) a cash premium and the minimum 1% SBA required servicing spread, (2) future servicing spread greater than 1% and no cash premium or (3) future servicing spread greater than 1% and a 10% cash premium.
CY2013 pcc Rate Of Cash Premium On Loan
RateOfCashPremiumOnLoan
0.10 pure
CY2013 pcc Mortgage Loans On Real Estate Collections Of Principal Operating Activities
MortgageLoansOnRealEstateCollectionsOfPrincipalOperatingActivities
2049000
CY2013 pcc Transfer To Real Estate
TransferToRealEstate
3641000
CY2013 pcc Adjustment For Trs Net Income Loss Net Of Tax
AdjustmentForTrsNetIncomeLossNetOfTax
-2101000
CY2013 pcc Mortgage Loans On Real Estate Deductions Net
MortgageLoansOnRealEstateDeductionsNet
60151000
CY2013 pcc State Concentration Of Ten Percent Or Greater Of Our Loans Receivable
StateConcentrationOfTenPercentOrGreaterOfOurLoansReceivable
0.10 pure
CY2013 pcc Mortgage Loan On Real Estate Bad Debt Expense Net Of Recoveries
MortgageLoanOnRealEstateBadDebtExpenseNetOfRecoveries
1237000
CY2013 pcc Real Estate Investment Trust Taxable Income Before Trs Adjustments
RealEstateInvestmentTrustTaxableIncomeBeforeTrsAdjustments
1569000
CY2013 pcc New Mortgage Loans Sale Of Real Estate Owned
NewMortgageLoansSaleOfRealEstateOwned
975000
CY2013 pcc Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodFairValue
48000
CY2013 pcc Reclassification Secured Borrowings And Loans Receivable
ReclassificationSecuredBorrowingsAndLoansReceivable
1749000
CY2013 pcc Capitalized Loan Origination Costs
CapitalizedLoanOriginationCosts
264000
CY2013 pcc Number Of Employees Covered Under Employee Agreement
NumberOfEmployeesCoveredUnderEmployeeAgreement
2 Employees
CY2013 pcc Death Payments In Terms Of Annual Salary Paid
DeathPaymentsInTermsOfAnnualSalaryPaid
2 Payment
CY2013 pcc Reit Qualification Income Distributable To Shareholders Percentage Minimum
ReitQualificationIncomeDistributableToShareholdersPercentageMinimum
0.90 pure
CY2013 pcc Severance Compensation Paid In Terms Of Annual Compensation
SeveranceCompensationPaidInTermsOfAnnualCompensation
2.99 times the average of the last three years
CY2013 pcc Prepayment Fee Income On Loan Prepayments
PrepaymentFeeIncomeOnLoanPrepayments
418000
CY2013 pcc Financing Receivable Recorded Investment Nonaccrual Status Period
FinancingReceivableRecordedInvestmentNonaccrualStatusPeriod
P60D
CY2013 pcc Taxable Income Reconciliation Transaction Costs
TaxableIncomeReconciliationTransactionCosts
-2789000
CY2013 pcc Payment Of Principal On Sbic Debentures And Structured Notes Payable
PaymentOfPrincipalOnSbicDebenturesAndStructuredNotesPayable
4190000
CY2013 pcc Amount Of Credit Losses
AmountOfCreditLosses
0
CY2013 pcc Taxable Income Loss Reconciliation Severance
TaxableIncomeLossReconciliationSeverance
1806000
CY2013 pcc Taxable Income Loss Reconciliation Loan Valuation
TaxableIncomeLossReconciliationLoanValuation
59000
CY2013 pcc Directors And Officers Insurance Claims Deductible
DirectorsAndOfficersInsuranceClaimsDeductible
250000
CY2012 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
-0.08
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0039 pure
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
14.01
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
12250 shares
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10585000 shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.2112 pure
CY2012 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P3Y
CY2012 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.13
CY2012 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 Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.40
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0821 pure
CY2012 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1775000
CY2012 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.21
CY2012 us-gaap Description Of Credit Risk Exposure
DescriptionOfCreditRiskExposure
The SBA 7(a) loan recorded investment and unpaid principal balance included the government guaranteed portion of $634,000 on which we had no credit loss exposure.
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
30000 shares
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10585000 shares
CY2012 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.600
CY2012 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
112500 shares
CY2012 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
138000

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