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Consumer Loans Receivable (Tables)

3 Months Ended

Jun. 30, 2012

Consumer Loans Receivable/Inventory Finance Receivables and Allowance for Loan Loss [Abstract]

Consumer Loans Receivable


		June 30, 2012				March, 31 2012
Loans held for investment (acquired on Palm Harbor Acquisition Date)		$	107,926			$	110,629
Loans held for investment (originated after Palm Harbor Acquisition Date)			665				511
Loans held for sale			5,555				4,534
Loans held - construction advances on non-conforming mortgages			3,952				3,865

Consumer loans receivable			118,098				119,539
Deferred financing fees and other, net			(225	)			(240	)

Consumer loans receivable, net		$	117,873			$	119,299

Acquired Consumer Loans Receivable Held for Investment


		June 30, 2012				March 31, 2012
		(in thousands)
Consumer loans receivable held for investment – contractual amount		$	290,591			$	293,818
Purchase Discount
Accretable			(103,385	)			(106,949	)
Non-accretable			(78,760	)			(75,928	)
Less consumer loans receivable reclassified as other assets			(520	)			(312	)

Total acquired consumer loans receivable held for investment, net		$	107,926			$	110,629

Accretable Yield Movement on Acquired Consumer Loans Receivable


		Three Months Ended
		June 30,
		2012				2011
Balance at the beginning of the period		$	106,949			$	—
Additions			—				118,335
Accretion			(3,564	)			(2,864	)

Balance at the end of the period		$	103,385			$	115,471

Gross Consumer Loans Receivable by Portfolio Segment and Credit Risk Score


		Consumer Loans Held for Investment												Construction Advances				Consumer Loans Held For Sale				Total
		Securitized 2005				Securitized 2007				Unsecuritized				Construction Advances				Consumer Loans Held For Sale				Total
Asset Class
Credit Quality Indicator

Chattel loans
0-619		$	1,392			$	896			$	915			$	—			$	—			$	3,203
620-719			20,600				13,829				1,148				—				—				35,577
720+			23,630				16,082				733				—				—				40,445

Subtotal			45,622				30,807				2,796				—				—				79,225

Conforming mortgages
0-619			—				—				309				—				—				309
620-719			—				—				1,457				2,805				2,578				6,840
720+			—				—				107				1,147				2,977				4,231

Subtotal			—				—				1,873				3,952				5,555				11,380

Non-conforming mortgages
0-619			97				856				2,682				—				—				3,635
620-719			2,127				7,764				5,207				—				—				15,098
720+			2,189				5,010				1,544				—				—				8,743

Subtotal			4,413				13,630				9,433				—				—				27,476

Other loans
Subtotal			—				—				17				—				—				17

		$	50,035			$	44,437			$	14,119			$	3,952			$	5,555			$	118,098

Geographic Concentration of Consumer Loans Receivable


June 30, 2012
						Aging 61 days or more
		Portfolio				Percent of state’s				Percent of total
State		concentration				loan balance				loan balance
Texas			41.9	%			0.87	%			0.36	%
Florida			6.9	%			2.11	%			0.14	%
New Mexico			6.8	%			1.16	%			0.08	%
Arizona			6.0	%			1.68	%			0.10	%
Alabama			5.9	%			1.76	%			0.10	%
California			2.1	%			3.35	%			0.07	%
All others			30.4	%			3.30	%			1.00	%

			100.0	%							1.85	%