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Note 13 - Other Assets | 12 Months Ended
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Dec. 31, 2021
Notes to Financial Statements |
Other Assets Disclosure [Text Block] | 13. Other Assets: Assets Held-For-Sale At December 31, 2021, the Company had a property and land parcel classified as held-for-sale at a net carrying amount of $13.7 million. Mortgages and Other Financing Receivables The Company has various mortgages and other financing receivables which consist of loans acquired and loans originated by the Company. For a complete listing of the Company’s mortgages and other financing receivables at December 31, 2021, see Financial Statement Schedule IV included in this annual report on Form 10-K. The following table reconciles mortgage loans and other financing receivables from January 1, 2019 to December 31, 2021 (in thousands):
|  | 2021 |  |  | 2020 |  |  | 2019 |
Balance at January 1, |  | $ | 32,246 |  |  | $ | 7,829 |  |  | $ | 14,448 |
Additions: |  |  |  |  |  |  |  |  |  |  |  |
New mortgage and other loans (1) |  |  | 55,307 |  |  |  | 25,500 |  |  |  | 3,750 |
Additions under existing mortgage loans |  |  | - |  |  |  | - |  |  |  | 48 |
Amortization of loan discounts |  |  | - |  |  |  | - |  |  |  | 33 |
Deductions: |  |  |  |  |  |  |  |  |  |  |  |
Loan repayments |  |  | (13,646 | ) |  |  | (25 | ) |  |  | (10,136 | )
Collections of principal |  |  | (130 | ) |  |  | (152 | ) |  |  | (313 | )
Allowance for credit losses |  |  | (370 | ) |  |  | (906 | ) |  |  | - |
Other adjustments |  |  | (305 | ) |  |  | - |  |  |  | (1 | )
Balance at December 31, |  | $ | 73,102 |  |  | $ | 32,246 |  |  | $ | 7,829 |
| (1) | During 2021, the Company acquired $13.4 million of mortgage loan receivables in connection with the Merger.
The Company reviews payment status to identify performing versus non-performing loans. As of December 31, 2021, the Company had a total of 11 loans, of which 10 were performing loans and one is non-performing.

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