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Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified |
3 Months Ended | 12 Months Ended | ||
|---|---|---|---|---|
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Dec. 31, 2012
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Dec. 31, 2014
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Dec. 31, 2013
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Sep. 30, 2012
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| Net Investment Revenue: | ||||
| Interest Income, Financing receivables | $ 2,834us-gaap_InterestIncomeOperating | $ 23,178us-gaap_InterestIncomeOperating | $ 15,468us-gaap_InterestIncomeOperating | $ 11,848us-gaap_InterestIncomeOperating |
| Interest Income, Investments | 3,772us-gaap_InvestmentIncomeInterest | 1,897us-gaap_InvestmentIncomeInterest | ||
| Rental Income | 3,175us-gaap_OperatingLeasesIncomeStatementLeaseRevenue | |||
| Investment Revenue | 2,834us-gaap_GrossInvestmentIncomeOperating | 30,125us-gaap_GrossInvestmentIncomeOperating | 17,365us-gaap_GrossInvestmentIncomeOperating | 11,848us-gaap_GrossInvestmentIncomeOperating |
| Investment interest expense | (2,347)us-gaap_InvestmentIncomeInvestmentExpense | (16,655)us-gaap_InvestmentIncomeInvestmentExpense | (9,815)us-gaap_InvestmentIncomeInvestmentExpense | (9,852)us-gaap_InvestmentIncomeInvestmentExpense |
| Net Investment Revenue | 487us-gaap_InvestmentIncomeNet | 13,470us-gaap_InvestmentIncomeNet | 7,550us-gaap_InvestmentIncomeNet | 1,996us-gaap_InvestmentIncomeNet |
| Provision for credit losses | (11,000)us-gaap_ProvisionForOtherCreditLosses | |||
| Net Investment Revenue, net of provision for credit losses | 487us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss | 13,470us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss | (3,450)us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss | 1,996us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss |
| Other Investment Revenue: | ||||
| Gain on sale of receivables and investments | 2,534us-gaap_GainLossOnSaleOfOtherInvestments | 13,250us-gaap_GainLossOnSaleOfOtherInvestments | 5,597us-gaap_GainLossOnSaleOfOtherInvestments | 3,912us-gaap_GainLossOnSaleOfOtherInvestments |
| Fee income | 254us-gaap_InvestmentBankingAdvisoryBrokerageAndUnderwritingFeesAndCommissions | 1,900us-gaap_InvestmentBankingAdvisoryBrokerageAndUnderwritingFeesAndCommissions | 1,483us-gaap_InvestmentBankingAdvisoryBrokerageAndUnderwritingFeesAndCommissions | 11,380us-gaap_InvestmentBankingAdvisoryBrokerageAndUnderwritingFeesAndCommissions |
| Other Investment Revenue | 2,788us-gaap_RevenueOtherFinancialServices | 15,150us-gaap_RevenueOtherFinancialServices | 7,080us-gaap_RevenueOtherFinancialServices | 15,292us-gaap_RevenueOtherFinancialServices |
| Total Revenue, net of investment interest expense and provision | 3,275us-gaap_Revenues | 28,620us-gaap_Revenues | 3,630us-gaap_Revenues | 17,288us-gaap_Revenues |
| Compensation and benefits | (1,157)us-gaap_LaborAndRelatedExpense | (10,518)us-gaap_LaborAndRelatedExpense | (12,312)us-gaap_LaborAndRelatedExpense | (7,697)us-gaap_LaborAndRelatedExpense |
| General and administrative | (584)us-gaap_GeneralAndAdministrativeExpense | (5,550)us-gaap_GeneralAndAdministrativeExpense | (3,844)us-gaap_GeneralAndAdministrativeExpense | (3,901)us-gaap_GeneralAndAdministrativeExpense |
| Acquisition costs | (2,456)us-gaap_AcquisitionCosts | |||
| Other, net | (137)us-gaap_OtherCostAndExpenseOperating | (300)us-gaap_OtherCostAndExpenseOperating | (359)us-gaap_OtherCostAndExpenseOperating | (602)us-gaap_OtherCostAndExpenseOperating |
| Loss from equity method investment in affiliate | (448)us-gaap_IncomeLossFromEquityMethodInvestments | (1,284)us-gaap_IncomeLossFromEquityMethodInvestments | ||
| Other Expenses, net | (2,326)us-gaap_OtherGeneralExpense | (18,824)us-gaap_OtherGeneralExpense | (16,515)us-gaap_OtherGeneralExpense | (13,484)us-gaap_OtherGeneralExpense |
| Net income (loss) before income taxes | 949us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest | 9,796us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest | (12,885)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest | 3,804us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest |
| Income tax (expense) benefit | (26)us-gaap_IncomeTaxExpenseBenefit | 251us-gaap_IncomeTaxExpenseBenefit | ||
| Net Income (Loss) | 949us-gaap_ProfitLoss | 9,770us-gaap_ProfitLoss | (12,634)us-gaap_ProfitLoss | 3,804us-gaap_ProfitLoss |
| Net income (loss) attributable to non-controlling interest holders | 163us-gaap_NetIncomeLossAttributableToNoncontrollingInterest | (2,175)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest | ||
| Net Income (Loss) attributable to controlling shareholders | $ 9,607us-gaap_NetIncomeLoss | $ (10,459)us-gaap_NetIncomeLoss | ||
| Basic earnings per common share | $ 0.43us-gaap_EarningsPerShareBasic | $ (0.68)us-gaap_EarningsPerShareBasic | ||
| Diluted earnings per common share | $ 0.43us-gaap_EarningsPerShareDiluted | $ (0.68)us-gaap_EarningsPerShareDiluted | ||
| Weighted average common shares outstanding-basic | 20,656,826us-gaap_WeightedAverageNumberOfSharesOutstandingBasic | 15,716,250us-gaap_WeightedAverageNumberOfSharesOutstandingBasic | ||
| Weighted average common shares outstanding-diluted | 20,656,826us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding | 15,716,250us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding | ||
| X | ||||||||||
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- Definition
The capitalized costs incurred during the period (excluded from amortization) to purchase, lease or otherwise acquire an unproved property, including costs of lease bonuses and options to purchase or lease properties, the portion of costs applicable to minerals when land including mineral rights is purchased in fee, brokers' fees, recording fees, legal costs, and other costs incurred in acquiring properties. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The difference between the book value and the sale price of other nonspecific investments. This element is used when other, more specific, elements are not appropriate. This element refers to the gain (loss) included in earnings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount, before investment expense, of income earned from investments in securities and real estate. Includes, but is not limited to, real estate investment, policy loans, dividends, and interest. Excludes realized gain (loss) on investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of interest income or expense, including any amortization and accretion (as applicable) of discounts and premiums, including consideration of the provisions for loan, lease, credit, and other related losses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of operating interest income, including, but not limited to, amortization and accretion of premiums and discounts on securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Fees and commissions from underwriting securities, private placements of securities, investment advisory and management services, merger and acquisition services, and other related consulting fees. Include fees and commissions from securities brokerage activities, from the sale and servicing of mutual funds, from the purchase and sale of securities and money market instruments where the bank is acting as agent for other banks or customers, and from the lending of securities owned by the bank or by bank customers (exclusive of trading revenue). Also includes the bank's proportionate share of the income or loss before extraordinary items and other adjustments from its investments in: unconsolidated subsidiaries, associated companies and corporate joint ventures, unincorporated joint ventures, general partnerships, and limited partnerships over which the bank exercises significant influence and that are principally engaged in investment banking, advisory, brokerage, or securities underwriting activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of expenses related to the generation of investment income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount after accretion (amortization) of discount (premium), and investment expense, of interest income and dividend income on nonoperating securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
The aggregate amount of expenditures for salaries, wages, profit sharing and incentive compensation, and other employee benefits, including equity-based compensation, and pension and other postretirement benefit expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The total amount of revenue recognized for the period from operating leases, including minimum lease revenue, contingent revenue, percentage revenue and sublease revenue. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The total amount of other operating cost and expense items that are associated with the entity's normal revenue producing operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of general expenses not normally included in Other Operating Costs and Expenses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of expense related to credit loss from transactions other than loan and lease transactions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Fees and other service revenues recognized in the period that are not otherwise specified in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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