Receivables

Receivables consist of:



	Third Quarter-End			Year-End
	2015			2014
	(In thousands)
Oil and gas revenue accruals	$	5,825		$	7,293
Other receivables and accrued interest	4,146			6,505
Oil and gas joint interest billing receivables	1,439			5,738
Other loans secured by real estate, average interest rates of 11.12% at third quarter-end 2015 and 4.41% at year-end 2014	2,045			1,737
Loan secured by real estate	—			3,574
	13,455			24,847
Allowance for bad debts	(243		)	(258		)
	$	13,212		$	24,589

In second quarter 2011, we acquired a non-performing loan that was secured by a lien on developed and undeveloped real estate located near Houston designated for single-family residential and commercial development. In first quarter 2015, the loan was paid in full and we received principal payments of $4,394,000 and interest payments of $49,000.

Estimated accretable yield follows:



	Third Quarter-End
	2015
	(In thousands)
Beginning of period (year-end 2014)	$	839
Change in accretable yield due to change in timing of estimated cash flows	30
Interest income recognized (in first nine months 2015)	(869		)
End of period	$	—

Other loans secured by real estate generally are secured by a deed of trust and due within three years.