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Unconsolidated affiliates | 6 Months Ended
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Jun. 30, 2016
Investments in and Advances to Affiliates, Schedule of Investments [Abstract] |
Unconsolidated affiliates | Note 6 — Unconsolidated affiliates The Company holds a 40.5% interest in a Delaware trust, GA-E 2014-12, which holds an economic interest in a single small-balance commercial loan secured by a commercial property in Portland, Oregon. Upon the closing of the Company’s original private placement in July 2014, the Company received a 19.8% equity interest in Thetis, a privately held company for which there is no public market for its securities. The Company accounts for its investment in Thetis using the equity method. On March 14, 2016, the Company formed AS Ajax E LLC, to hold an equity interest in a Delaware trust formed to own residential mortgage loans and residential real estate assets. DoubleLine Capital LP, an independent third party, owns 95% of the Trust. Through AS Ajax E LLC, in which the Company holds a 24% interest, the Company owns 1.2% of the Trust, and other investors own 3.8% of the Trust. The Company accounts for its investment in AS Ajax E LLC using the equity method. The table below shows the net income, assets and liabilities for the Company’s unconsolidated affiliates at 100%, and at the Company’s share (dollars in thousands): Net income, assets and liabilities at 100% Net income at 100%
|  | Three months ended June 30, |  |  | Six months ended June 30, |
|  | 2016 |  |  | 2015 |  |  | 2016 |  |  | 2015 |
GA-E 2014-12 |  | $ | 191 |  |  | $ | 221 |  |  | $ | 384 |  |  | $ | 423 |
Thetis Asset Management |  | $ | 231 |  |  | $ | 295 |  |  | $ | 453 |  |  | $ | 500 |
AS Ajax E LLC |  | $ | 57 |  |  |  | - |  |  | $ | 57 |  |  |  | - |
Assets and liabilities at 100% |  |  |  |  |  |  |  |  |
|  | June 30, 2016 |  |  | December 31, 2015 |
|  | Assets |  |  | Liabilities |  |  | Assets |  |  | Liabilities |
GA-E 2014-12 |  | $ | 6,120 |  |  | $ | 3 |  |  | $ | 5,763 |  |  | $ | 10 |
Thetis Asset Management |  | $ | 3,897 |  |  | $ | 685 |  |  | $ | 3,028 |  |  | $ | 520 |
AS Ajax E LLC |  | $ | 4,642 |  |  | $ | 3 |  |  |  | - |  |  |  | - |
Net income, assets and liabilities at Company share
Net income at Company share |  |  |  |  |  |  |  |  |  |  |  |
|  | Three months ended June 30, |  |  | Six months ended June 30, |
|  | 2016 |  |  | 2015 |  |  | 2016 |  |  | 2015 |
GA-E 2014-12 |  | $ | 77 |  |  | $ | 90 |  |  | $ | 156 |  |  | $ | 171 |
Thetis Asset Management |  | $ | 46 |  |  | $ | 58 |  |  | $ | 90 |  |  | $ | 99 |
AS Ajax E LLC |  | $ | 14 |  |  |  | - |  |  | $ | 1 |  |  |  | - |
Assets and liabilities at Company share |  |  |  |  |  |  |  |  |
|  | June 30, 2016 |  |  | December 31, 2015 |
|  | Assets |  |  | Liabilities |  |  | Assets |  |  | Liabilities |
GA-E 2014-12 |  | $ | 2,479 |  |  | $ | 1 |  |  | $ | 2,334 |  |  | $ | 4 |
Thetis Asset Management |  | $ | 772 |  |  | $ | 136 |  |  | $ | 600 |  |  | $ | 103 |
AS Ajax E LLC |  | $ | 1,125 |  |  | $ | (1) |  |  |  | - |  |  |  | - |

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- Definition The entire disclosure for the information summarizing investments in and advances to majority-owned subsidiaries, other controlled companies, and other affiliates. It reflects specified information about ownership, financial results from, and financial position in such entities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 320 -Section S99 -Paragraph 6 -Subparagraph (SX 210.12-14) -URI http://asc.fasb.org/extlink&oid=50485924&loc=d3e611322-123010 + Details
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