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Loans Receivable (Tables) (Loans receivable) | 3 Months Ended
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Mar. 31, 2014
Loans receivable |
Loans Receivable |
Schedule of loans receivable | The following table summarizes the Company’s loans receivable (in thousands):
|  | March 31, 2014 |  | December 31, 2013 |
|  | Real Estate Secured |  | Other Secured |  | Total |  | Real Estate Secured |  | Other Secured |  | Total |
Mezzanine |  | $ | — |  | $ | 234,455 |  | $ | 234,455 |  | $ | — |  | $ | 234,455 |  | $ | 234,455 |
Other(1) |  | 152,759 |  | — |  | 152,759 |  | 147,669 |  | — |  | 147,669 |
Unamortized discounts, fees and costs |  | — |  | (2,632 | ) | (2,632 | ) | — |  | (2,713 | ) | (2,713 | )
Allowance for loan losses |  | — |  | (13,410 | ) | (13,410 | ) | — |  | (13,410 | ) | (13,410 | )
|  | $ | 152,759 |  | $ | 218,413 |  | $ | 371,172 |  | $ | 147,669 |  | $ | 218,332 |  | $ | 366,001 |
(1) Includes $123 million and $117 million at March 31, 2014 and December 31, 2013, respectively, of construction loans outstanding related to senior housing development projects. At March 31, 2014, the Company had $25 million remaining in its commitments to fund development projects.
Summary of the Company's internal ratings for loans receivable | The following table summarizes the Company’s internal ratings for loans receivable at March 31, 2014 (in thousands):
|  | Carrying |  | Percentage of Loan |  | Internal Ratings |
Investment Type |  | Amount |  | Portfolio |  | Performing Loans |  | Watch List Loans |  | Workout Loans |
Real estate secured |  | $ | 152,759 |  | 41 |  | $ | 152,759 |  | $ | — |  | $ | — |
Other secured |  | 218,413 |  | 59 |  | 200,342 |  | — |  | 18,071 |
|  | $ | 371,172 |  | 100 |  | $ | 353,101 |  | $ | — |  | $ | 18,071
Schedule of reconciliation of the allowance | A reconciliation of the Company’s allowance related to the Company’s senior secured loan to Delphis follows (in thousands):
|  | Amount |
Balance at January 1, 2014 |  | $ | 13,410 |
Additions |  | — |
Balance at March 31, 2014 |  | $ | 13,410

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- Definition Tabular disclosure of financing receivables (examples of financing receivables include loans, trade accounts receivable and notes receivable) and activity in the allowance for credit losses account. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -URI http://asc.fasb.org/extlink&oid=28368275&loc=SL6953423-111524 + Details
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- Definition Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=28368275&loc=SL6953659-111524 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 55 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=32702940&loc=SL6953803-111525 + Details
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- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 3, 4 -Article 5 + Details
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