| Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 |
|---|---|---|---|---|---|---|
Revenues: | ||||||
Interest and related income from loans | ||||||
12,281 | 10,840 | 8,922 | 8,277 | 5,382 | 3,020 | 2,567 |
Rental and other income from real estate properties | ||||||
4,129 | 4,505 | 7,977 | 12,791 | 12,268 | 11,223 | 13,237 |
Income from investment in limited liability company | ||||||
- | - | - | - | 169 | 160 | 155 |
Other income | ||||||
386 | 187 | 179 | 175 | 0 | 4 | 5 |
Total revenues | ||||||
16,797 | 15,533 | 17,078 | 21,243 | 17,820 | 14,409 | 15,966 |
Expenses: | ||||||
Management fees to Manager | ||||||
2,906 | 3,546 | 3,286 | 2,051 | 1,726 | 1,664 | 1,760 |
Servicing fees to Manager | ||||||
95 | 362 | 298 | 186 | 156 | 151 | 164 |
General and administrative expense | ||||||
3,389 | 2,234 | 1,568 | 1,278 | 1,661 | 1,657 | 1,421 |
Rental and other expenses on real estate properties | ||||||
3,858 | 4,980 | 7,060 | - | - | - | - |
Rental and other expenses on real estate properties | ||||||
- | - | - | 8,510 | 8,158 | 8,150 | 10,235 |
Depreciation and amortization | ||||||
761 | 1,138 | 1,258 | 2,052 | 2,255 | 2,485 | 2,292 |
Interest expense | ||||||
2,132 | 1,587 | 2,859 | 1,938 | 1,161 | 513 | 523 |
Bad debt expense from uncollectible rent | ||||||
- | - | - | 152 | 3 | 19 | - |
(Recovery of) provision for loan losses | ||||||
239 | 360 | -1,284 | 1,026 | 1,869 | 7,822 | - |
Environmental remediation expense | ||||||
- | - | - | - | - | - | 100 |
Provision for (reversal of) loan losses | ||||||
- | - | - | - | - | - | -124 |
Impairment losses on real estate properties | ||||||
1,053 | 1,423 | 3,227 | 1,589 | 179 | 666 | 4,873 |
Total expenses | ||||||
13,958 | 14,913 | 20,844 | 16,732 | 13,433 | 7,486 | 21,247 |
Operating income (loss) | ||||||
2,838 | 620 | -3,765 | 4,511 | 4,386 | 6,922 | -5,281 |
Gain on sales of real estate, net | ||||||
4,610 | 14,728 | 24,497 | 21,818 | 3,243 | 2,942 | 4,111 |
Settlement expense | ||||||
- | 2,627 | - | 0 | - | - | - |
Net income before income tax expense | ||||||
7,449 | 12,721 | 20,731 | 26,329 | - | - | - |
Gain on foreclosure of loans | ||||||
- | - | - | - | 464 | 952 | 0 |
Net income before income tax expense | ||||||
- | - | - | - | 8,095 | 10,817 | - |
Income tax (expense) benefit | ||||||
559 | 4,041 | -7,248 | 93 | 0 | - | - |
Net income | ||||||
6,889 | 8,679 | 27,980 | 26,236 | 8,095 | 10,817 | -1,169 |
Less: Net income attributable to non-controlling interests | ||||||
- | - | 3,571 | 2,667 | 165 | 2,084 | 510 |
Net income attributable to common stockholders | ||||||
6,889 | 8,679 | 24,409 | 23,569 | 7,929 | 8,732 | -1,679 |
Per common share data: | ||||||
Basic and diluted earnings per common share (in dollars per share) | ||||||
0.79 | 0.85 | 2.38 | 2.22 | 0.74 | 0.78 | -0.15 |
Basic and diluted weighted average number of common shares outstanding (in shares) | ||||||
8,764 | 10,162 | 10,247 | 10,594 | 10,768 | 11,127 | 11,198 |
Dividends declared per share of common stock (in dollars per share) | ||||||
0.76 | 0.38 | 0.32 | 0.41 | 0.27 | 0.25 | 0.17 |