XML 55 R21.htm IDEA: XBRL DOCUMENT ﻿
v2.3.0.11

SUBSEQUENT EVENTS | 6 Months Ended
--- | ---
Jun. 30, 2011
SUBSEQUENT EVENTS [Abstract] |
SUBSEQUENT EVENTS | NOTE 14 - SUBSEQUENT EVENTS Dividend Payout On July 20, 2011, the Company's Board of Directors approved the payment of third quarter dividends of $20.00 per share on the Company's Series A preferred stock. The dividend was payable on or about August 1, 2011 to shareholders of record as of July 15, 2011. Additionally, the Board declared a quarterly dividend of $0.05 per share on the Company's common stock payable on or about August 24, 2011 to shareholders of record as of August 10, 2011. Loan Sale On August 3, 2011, the Company entered into a loan sale transaction with a major investment brokerage firm, selling approximately $235 million of student loans with a related gain of $4.7 million. These loans were held for sale as of June 30, 2011.

X
- Definition Tabular disclosure of significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, losses resulting from fire or flood, losses on receivables, significant realized and unrealized gains and losses that result from changes in quoted market prices of securities, declines in market prices of inventory, changes in authorized or issued debt (SEC), significant foreign exchange rate changes, substantial loans to insiders or affiliates, significant long-term investments, and substantial dividends not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 5 -Paragraph 11 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Topic 855 -SubTopic 10 -Section 50 -Paragraph 2 -Name Accounting Standards Codification -URI http://asc.fasb.org/extlink&oid=6842918&loc=SL6314017-165662 + Details
Name: | us-gaap_ScheduleOfSubsequentEventsTextBlock
Namespace Prefix: | us-gaap
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_SubsequentEventsAbstract
Namespace Prefix: | us-gaap
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration