XML 51 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Revenues:      
Rental and other property revenues $ 0us-gaap_RealEstateRevenueNet $ 0us-gaap_RealEstateRevenueNet $ 0us-gaap_RealEstateRevenueNet
Property operating expenses (including $46, $51 and $61 for the year ended 2014, 2013 and 2012, respectively, from related parties) 50us-gaap_OperatingCostsAndExpenses 87us-gaap_OperatingCostsAndExpenses 67us-gaap_OperatingCostsAndExpenses
General and administrative (including $237, $234 and $155 for the year ended 2014, 2013 and 2012, respectively, from related parties) 573us-gaap_GeneralAndAdministrativeExpense 734us-gaap_GeneralAndAdministrativeExpense 334us-gaap_GeneralAndAdministrativeExpense
Net income fee to related party 203fil_NetIncomeFeeToRelatedParty1 695fil_NetIncomeFeeToRelatedParty1 180fil_NetIncomeFeeToRelatedParty1
Advisory fee to related party 692fil_AdvisoryFeeToRelatedParty 830fil_AdvisoryFeeToRelatedParty 815fil_AdvisoryFeeToRelatedParty
Total operating expenses 1,518us-gaap_OperatingExpenses 2,346us-gaap_OperatingExpenses 1,396us-gaap_OperatingExpenses
Net operating loss (1,518)us-gaap_OperatingIncomeLoss (2,346)us-gaap_OperatingIncomeLoss (1,396)us-gaap_OperatingIncomeLoss
Interest income from related parties 4,729fil_InterestIncomeFromRelatedParties 7,129fil_InterestIncomeFromRelatedParties 5,183fil_InterestIncomeFromRelatedParties
Other income 0us-gaap_OtherIncome 5,804us-gaap_OtherIncome 0us-gaap_OtherIncome
Mortgage and loan interest (674)us-gaap_InterestExpense (1,160)us-gaap_InterestExpense (1,284)us-gaap_InterestExpense
Loan charges (32)fil_LoanCharges (830)fil_LoanCharges 0fil_LoanCharges
Earnings from unconsolidated subsidiaries and investees.. 0us-gaap_IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions 0us-gaap_IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions (37)us-gaap_IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
Total other income 4,023us-gaap_NonoperatingIncomeExpense 10,943us-gaap_NonoperatingIncomeExpense 3,862us-gaap_NonoperatingIncomeExpense
Income before gain on land sales, non-controlling interest, and taxes 2,505fil_IncomeBeforeGainOnLandSalesNonControllingInterestAndTaxes 8,597fil_IncomeBeforeGainOnLandSalesNonControllingInterestAndTaxes 2,466fil_IncomeBeforeGainOnLandSalesNonControllingInterestAndTaxes
Income from continuing operations before tax 2,505us-gaap_IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet 8,597us-gaap_IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet 2,466us-gaap_IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet
Income tax expense (946)us-gaap_IncomeTaxExpenseBenefit (3,063)us-gaap_IncomeTaxExpenseBenefit (876)us-gaap_IncomeTaxExpenseBenefit
Net income from continuing operations 1,559us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest 5,534us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest 1,590us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
Net loss from discontinued operations. 0us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax (24)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax (106)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax
Income tax benefit from discontinued operations 0us-gaap_DiscontinuedOperationTaxEffectOfDiscontinuedOperation 8us-gaap_DiscontinuedOperationTaxEffectOfDiscontinuedOperation 37us-gaap_DiscontinuedOperationTaxEffectOfDiscontinuedOperation
Net loss from discontinued operations 0fil_NetLossFromDiscontinuedOperations (16)fil_NetLossFromDiscontinuedOperations (69)fil_NetLossFromDiscontinuedOperations
Net income. $ 1,559us-gaap_NetIncomeLoss $ 5,518us-gaap_NetIncomeLoss $ 1,521us-gaap_NetIncomeLoss
Income from continuing operations basic $ 0.37us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 1.33us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 0.38us-gaap_IncomeLossFromContinuingOperationsPerBasicShare
Loss from discontinued operations basic $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ (0.02)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
Net income applicable to common shares basic $ 0.37us-gaap_EarningsPerShareBasic $ 1.33us-gaap_EarningsPerShareBasic $ 0.36us-gaap_EarningsPerShareBasic
Income from continuing operations diluted $ 0.37us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 1.33us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 0.38us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare
Loss from discontinued operations diluted $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ (0.02)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
Net income applicable to common shares diluted (sum) $ 0.37us-gaap_EarningsPerShareDiluted $ 1.33us-gaap_EarningsPerShareDiluted $ 0.36us-gaap_EarningsPerShareDiluted
Weighted average common shares used in computing earnings per share 4,168,214us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 4,168,214us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 4,168,214us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Weighted average common shares used in computing diluted earnings per share 4,168,214us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 4,168,214us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 4,168,214us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding