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Document and Entity Information - shares	9 Months Ended
Document and Entity Information - shares	Sep. 30, 2013	Nov. 05, 2013
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2013
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q3
Trading Symbol	PCC
Entity Registrant Name	PMC COMMERCIAL TRUST /TX
Entity Central Index Key	0000908311
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		10,596,220

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2013	Dec. 31, 2012
Loans receivable, net:
Commercial mortgage loans receivable	$ 112,328	$ 125,515
SBIC commercial mortgage loans receivable	53,702	47,153
SBA 7(a) loans receivable, subject to secured borrowings	35,623	38,349
SBA 7(a) loans receivable	28,399	27,974
Loans receivable, net	230,052	238,991
Cash and cash equivalents	12,589	1,230
Other assets	7,260	7,486
Total assets	249,901	247,707
Debt:
Secured borrowings - government guaranteed loans	38,035	41,008
SBIC debentures payable	27,500	17,190
Junior subordinated notes	27,070	27,070
Revolving credit facility	11,900	11,900
Debt	104,505	97,168
Borrower advances	3,275	5,942
Accounts payable and accrued expenses	2,975	4,078
Dividends payable	1,347	1,293
Total liabilities	112,102	108,481
Commitments and contingencies
Beneficiaries' equity:
Common shares of beneficial interest; authorized 100,000,000 shares of $0.01 par value; 11,132,549 and 11,125,883 shares issued at September 30, 2013 and December 31, 2012, respectively; 10,596,220 and 10,589,554 shares outstanding at September 30, 2013 and December 31, 2012, respectively	111	111
Additional paid-in capital	153,113	153,072
Net unrealized appreciation of retained interests in transferred assets	271	278
Cumulative net income	176,430	173,917
Cumulative dividends	(188,125)	(184,151)
Beneficiaries' equity before treasury stock	141,800	143,227
Less: Treasury stock; at cost, 536,329 shares at September 30, 2013 and December 31, 2012	(4,901)	(4,901)
Total beneficiaries' equity	136,899	138,326
Noncontrolling interests - cumulative preferred stock of subsidiary	900	900
Total equity	137,799	139,226
Total liabilities and equity	$ 249,901	$ 247,707

CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares	Sep. 30, 2013	Dec. 31, 2012
Statement Of Financial Position [Abstract]
Common shares, par value	$ 0.01	$ 0.01
Common shares, shares authorized	100,000,000	100,000,000
Common shares, shares issued	11,132,549	11,125,883
Common shares, shares outstanding	10,596,220	10,589,554
Treasury stock, shares	536,329	536,329

CONSOLIDATED STATEMENTS OF INCOME (LOSS) (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Revenues:
Interest income	$ 3,570	$ 3,561	$ 10,496	$ 10,392
Premium income	417	796	1,960	1,187
Other income	601	507	1,131	1,036
Total revenues	4,588	4,864	13,587	12,615
Expenses:
Salaries and related benefits	1,055	1,091	3,172	3,350
Interest	803	887	2,511	2,646
General and administrative	606	495	1,945	1,493
Transaction costs	1,222		1,615
Provision for loan losses, net	148	53	562	646
Strategic alternatives		1,421		3,623
Total expenses	3,834	3,947	9,805	11,758
Income before income tax provision and discontinued operations, net of tax	754	917	3,782	857
Income tax provision	(356)	(272)	(946)	(311)
Income from continuing operations	398	645	2,836	546
Discontinued operations, net of tax	(75)	(172)	(323)	(643)
Net income (loss)	$ 323	$ 473	$ 2,513	$ (97)
Weighted average shares outstanding:
Basic	10,596	10,590	10,594	10,584
Diluted	10,606	10,590	10,596	10,610
Basic and diluted earnings (loss) per share:
Income from continuing operations	$ 0.04	$ 0.06	$ 0.27	$ 0.05
Discontinued operations, net of tax	(0.01)	(0.02)	(0.03)	(0.06)
Net income (loss)	$ 0.03	$ 0.04	$ 0.24	$ (0.01)

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Statement Of Income And Comprehensive Income [Abstract]
Net income (loss)	$ 323	$ 473	$ 2,513	$ (97)
Change in unrealized appreciation of retained interests in transferred assets:
Net unrealized appreciation (depreciation) arising during period	10	12	68	(28)
Net realized gains included in net income (loss)	(30)	(23)	(75)	(89)
Change in unrealized appreciation of retained interests in transferred assets	(20)	(11)	(7)	(117)
Comprehensive income (loss)	$ 303	$ 462	$ 2,506	$ (214)

- Definition

This item represents the net total realized and unrealized gain (loss) included in earnings for the period as a result of selling or holding marketable securities categorized as trading, available-for-sale, or held-to-maturity, including the unrealized holding gain (loss) of held-to-maturity securities transferred to the trading security category and the cumulative unrealized gain (loss) which was included in other comprehensive income (a separate component of shareholders' equity) for available-for-sale securities transferred to trading securities during the period. Additionally, this item would include any gains (losses) realized during the period from the sale of investments accounted for under the cost method of accounting and losses recognized for other than temporary impairments (OTTI) of the subject investments.

+ References + Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

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+ Details

CONSOLIDATED STATEMENTS OF EQUITY (Unaudited) - USD ($) $ in Thousands	Total	Common Shares of Beneficial Interest Outstanding [Member]	Additional Paid-in Capital [Member]	Net Unrealized Appreciation of Retained Interests in Transferred Assets [Member]	Cumulative Net Income [Member]	Cumulative Dividends [Member]	Treasury Stock [Member]	Cumulative Preferred Stock of Subsidiary [Member]
Beginning Balances at Dec. 31, 2011	$ 147,736	$ 111	$ 152,934	$ 394	$ 176,096	$ (177,798)	$ (4,901)	$ 900
Beginning Balances, shares at Dec. 31, 2011		10,574,554
Net unrealized depreciation	(117)			(117)
Share-based compensation expense	119		119
Share-based compensation expense, shares		15,000
Dividends ($0.48 per share & 0.375 per share for the period ended September 30, 2012 and 2013 respectively)	(5,083)					(5,083)
Net income (loss)	(97)				(97)
Ending Balances at Sep. 30, 2012	142,558	$ 111	153,053	277	175,999	(182,881)	(4,901)	900
Ending Balances, shares at Sep. 30, 2012		10,589,554
Beginning Balances at Dec. 31, 2012	$ 139,226	$ 111	153,072	278	173,917	(184,151)	(4,901)	900
Beginning Balances, shares at Dec. 31, 2012	10,589,554	10,589,554
Net unrealized depreciation	$ (7)			(7)
Share-based compensation expense	41		41
Share-based compensation expense, shares		6,666
Dividends ($0.48 per share & 0.375 per share for the period ended September 30, 2012 and 2013 respectively)	(3,974)					(3,974)
Net income (loss)	2,513				2,513
Ending Balances at Sep. 30, 2013	$ 137,799	$ 111	$ 153,113	$ 271	$ 176,430	$ (188,125)	$ (4,901)	$ 900
Ending Balances, shares at Sep. 30, 2013	10,596,220	10,596,220

- Definition

+ References + Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

CONSOLIDATED STATEMENTS OF EQUITY (Unaudited) (Parenthetical) - $ / shares	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Cumulative Dividends [Member]
Dividends per share	$ 0.375	$ 0.48

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Cash flows from operating activities:
Net income (loss)	$ 2,513	$ (97)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Impairment losses	135	208
Net losses on sales of real estate	16	19
Deferred income taxes	214	(129)
Provision for loan losses, net	562	646
Allowance for accounts receivable	29
Unrealized premium adjustment	574	1,229
Amortization and accretion, net	(277)	(102)
Share-based compensation	41	119
Capitalized loan origination costs	(158)	(271)
Loans funded, held for sale	(15,945)	(20,724)
Proceeds from sale of guaranteed loans	18,392	11,969
Principal collected on loans	946	499
Loan fees collected (remitted), net	83	(74)
Change in operating assets and liabilities:
Other assets	(150)	(240)
Borrower advances	(2,667)	2,673
Accounts payable and accrued expenses	(1,196)	896
Net cash provided by (used in) operating activities	3,112	(3,379)
Cash flows from investing activities:
Loans funded	(18,951)	(19,772)
Principal collected on loans	20,470	19,079
Principal collected on retained interests in transferred assets	68	82
Purchase of furniture and equipment	(4)	(11)
Proceeds from sales of real estate owned, net	1,622	678
Release of restricted cash and cash equivalents		2,233
Net cash provided by investing activities	3,205	2,289
Cash flows from financing activities:
Repayment of revolving credit facility, net		(2,800)
Payment of principal on debentures payable and structured notes payable	(4,190)	(5,264)
Proceeds from issuance of SBIC debentures	14,500	4,000
Proceeds from secured borrowings - government guaranteed loans		8,498
Payment of principal on secured borrowings - government guaranteed loans	(946)	(499)
Payment of borrowing costs	(402)	(97)
Payment of dividends	(3,920)	(5,058)
Net cash provided by (used in) financing activities	5,042	(1,220)
Net increase (decrease) in cash and cash equivalents	11,359	(2,310)
Cash and cash equivalents, beginning of year	1,230	6,502
Cash and cash equivalents, end of period	$ 12,589	$ 4,192

Basis of Presentation	9 Months Ended
Basis of Presentation	Sep. 30, 2013
Accounting Policies [Abstract]
Basis of Presentation	Note 1. Basis of Presentation: The accompanying interim financial statements of PMC Commercial Trust (“PMC Commercial” or together with its wholly-owned subsidiaries, “we,” “us” or “our”) have not been audited by an independent registered public accounting firm. These consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statement presentation. In the opinion of management, the financial statements include all normal recurring adjustments necessary for a fair statement of the results for the interim period. All material intercompany balances and transactions have been eliminated. The results for the three and nine months ended September 30, 2013 are not necessarily indicative of future financial results. Therefore, these financial statements should be read in conjunction with the financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2012. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect (1) the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and (2) the reported amounts of revenues and expenses during the period. Actual results could differ from those estimates. Our most sensitive estimates involve the valuation of our real estate owned and determination of loan loss reserves.

- Definition

The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure.

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+ Details

Reclassifications	9 Months Ended
Reclassifications	Sep. 30, 2013
Equity [Abstract]
Reclassifications	Note 2. Reclassifications: Certain prior period amounts have been reclassified to conform with the current period presentation. These reclassifications had no effect on previously reported net income (loss) or cash flows.

- Definition

The entire disclosure for any adjustments made during the period to avoid double counting in comprehensive income items displayed as part of net income that also had been displayed as part of other comprehensive income in that period or earlier periods. These adjustments include reclassifications to net income of items in accumulated comprehensive income, such as deferred gains or losses on qualifying hedges when hedged item reported in net income, holding gains or losses on available-for-sale securities transferred into trading category, unrealized holding gains or losses on debt securities transferred from held-to-maturity category into available-for-sale category and accumulated translation adjustment attributable to foreign subsidiary or investment in foreign entity upon sale or liquidation.

+ References + Details

Merger Agreement	9 Months Ended
Merger Agreement	Sep. 30, 2013
Business Combinations [Abstract]
Merger Agreement	Note 3. Merger Agreement: On July 8, 2013, PMC Commercial entered into a merger agreement with CIM Urban REIT, LLC (“CIM Urban REIT”) and subsidiaries of the respective parties. CIM Urban REIT is a private commercial REIT with Class A commercial real estate assets located in premier urban markets throughout the United States. The merger and other transactions were unanimously approved by both PMC Commercial’s Board of Trust Managers (the “Board”) and CIM Urban REIT’s Director. Pursuant to the merger agreement, CIM Urban REIT and its affiliates will receive approximately 22.0 million newly-issued PMC Commercial common shares of beneficial interest and approximately 65.0 million newly-issued PMC Commercial preferred shares. Each preferred share will be convertible into seven common shares of beneficial interest, resulting in the issuance of an aggregate of approximately 477.2 million common shares of beneficial interest in the merger and other transactions after the conversion. This will represent approximately 97.8% of PMC Commercial’s outstanding shares. All PMC Commercial common shares of beneficial interest that are outstanding immediately prior to the transactions will remain outstanding following the transactions. In addition, PMC Commercial shareholders of record at the close of the business day prior to the closing of the transactions will receive a special cash dividend of $5.50 per common share of beneficial interest, to be paid shortly after closing. Based on an arrangement with CIM Urban REIT, legal and due diligence expenses related to the potential merger incurred during a certain period of time were reimbursable. We incurred $542,000 of costs which were reimbursed by CIM Urban REIT. The merger and other transactions are contractually required to be completed no later than December 31, 2013. The transactions are subject to a number of conditions that the parties are working to satisfy. However, no assurance can be given that the transactions will be completed by the end of the year.

- Definition

The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable).

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+ Details

Loans Receivable, net

9 Months Ended

Sep. 30, 2013

Receivables [Abstract]

Loans Receivable, net

Note 4. Loans Receivable, net:

Loans receivable, net, consisted of the following:


	September 30,			December 31,
	2013			2012
	(In thousands)
Commercial mortgage loans	$	114,745		$	128,401
SBIC commercial mortgage loans		54,044			47,621
SBA 7(a) loans, subject to secured borrowings		35,213			37,909
SBA 7(a) loans		28,663			28,196

Total loans receivable		232,665			242,127
Adjusted by:
Deferred capitalized costs, net		239			277
Loan loss reserves		(2,852	)		(3,413	)

Loans receivable, net	$	230,052		$	238,991

Commercial mortgage loans

Represents the loans held by the parent company, PMC Commercial Trust.

SBIC commercial mortgage loans

Represents loans of our licensed Small Business Investment Company (“SBIC”) subsidiaries.

SBA 7(a) loans, subject to secured borrowings

Represents the government guaranteed portion of loans which were sold with the proceeds received from the sale reflected as secured borrowings – government guaranteed loans (a liability on our consolidated balance sheet). There is no credit risk associated with these loans since the SBA has guaranteed payment of the principal; therefore, no loan loss reserves are recorded on the $35.2 million and $37.9 million, respectively of government guaranteed portions of these SBA 7(a) loans included in loans receivable at September 30, 2013 and December 31, 2012.

SBA 7(a) loans

Represents the non-government guaranteed retained portion of loans originated under the SBA 7(a) program and the government guaranteed portion of loans that have not yet been fully funded or sold. The balance is net of retained loan discounts of $2.6 million and $2.1 million at September 30, 2013 and December 31, 2012, respectively.

Concentration Risks

We have certain concentrations of investments. Substantially all of our revenue is generated from loans collateralized by hospitality properties. At both September 30, 2013 and December 31, 2012, our loans were 94% concentrated in the hospitality industry. Any economic factors that negatively impact the hospitality industry, including recessions, depressed commercial real estate markets, travel restrictions, gasoline prices, bankruptcies or other political or geopolitical events, could have a material adverse effect on our financial condition and results of operations.

At September 30, 2013 and December 31, 2012, 12% and 15%, respectively, of our loans were collateralized by properties in Texas. In addition, at September 30, 2013, 10% of our loans were collateralized by properties in Virginia. No other state had a concentration of 10% or greater of our loans receivable at September 30, 2013 or December 31, 2012. A decline in economic conditions in any state in which we have a concentration of investments could have a material adverse effect on our financial condition and results of operations.

We have not loaned more than 10% of our assets to any single borrower; however, we have an affiliated group of obligors representing approximately 5% of our loans receivable at both September 30, 2013 and December 31, 2012. Any decline in the financial status of this group could have a material adverse effect on our financial condition and results of operations.

Aging

The following tables represent an aging of our Loans Receivable Subject to Credit Risk (loans receivable less SBA 7(a) loans, subject to secured borrowings as the SBA has guaranteed payment of the principal). Balances are prior to loan loss reserves and deferred capitalized costs, net.


September 30, 2013
Category	Totals				Commercial Mortgage Loans				SBA 7(a) Loans
	(Dollars in thousands)
Current (1)	$	193,089	97.8	%	$	165,006	97.8	%	$	28,083	98.0	%
Between 29 and 59 days delinquent (2)		4,114	2.1	%		3,783	2.2	%		331	1.1	%
Between 60 and 89 days delinquent		—	—			—	—			—	—
Over 89 days delinquent		249	0.1	%		—	—			249	0.9	%

	$	197,452	100.0	%	$	168,789	100.0	%	$	28,663	100.0	%

(1)

Includes $5.8 million of loans classified as troubled debt restructurings which were current at September 30, 2013 based on revised note payment terms.

(2)

Includes two commercial loans totaling $2.3 million which are classified as troubled debt restructurings.


December 31, 2012
Category	Totals				Commercial Mortgage Loans				SBA 7(a) Loans
	(Dollars in thousands)
Current (1)	$	198,282	97.1	%	$	170,429	96.8	%	$	27,853	98.8	%
Between 29 and 59 days delinquent		2,824	1.4	%		2,482	1.4	%		342	1.2	%
Between 60 and 89 days delinquent		1	—			—	—			1	—
Over 89 days delinquent		3,111	1.5	%		3,111	1.8	%		—	—

	$	204,218	100.0	%	$	176,022	100.0	%	$	28,196	100.0	%

(1)

Includes $7.6 million of loans classified as troubled debt restructurings which were current at December 31, 2012 based on revised note payment terms.

Loan Loss Reserves

Management closely monitors our loans which require evaluation for loan loss reserves based on specific identification metrics which are classified into three categories: Doubtful, Substandard and Other Assets Especially Mentioned (“OAEM”) (together “Specific Identification Loans”). Loans classified as Doubtful are generally loans which are not complying with their contractual terms, the collection of the balance of the principal is considered impaired and on which the fair value of the collateral is less than the remaining unamortized principal balance. These loans are typically placed on non-accrual status and are generally in the foreclosure process. Loans classified as Substandard are generally those loans that are either not complying or had previously not complied with their contractual terms and have other credit weaknesses which may make payment default or principal exposure likely but not yet certain. Loans classified as OAEM are generally loans for which the credit quality of the borrowers has temporarily deteriorated. Typically the borrowers are current on their payments; however, they may be delinquent on their property taxes, insurance, or franchise fees or may be under agreements which provide for interest only payments during a short period of time.

Management has classified our Loans Receivable Subject to Credit Risk as follows (balances represent our investment in the loans prior to loan loss reserves and deferred capitalized costs):


	September 30, 2013
	Totals		%			Commercial Mortgage Loans		%			SBA 7(a) Loans		%
	(Dollars in thousands)
Satisfactory	$	184,534		93.5	%	$	156,760		92.9	%	$	27,774		96.9	%
OAEM		4,205		2.1	%		3,920		2.3	%		285		1.0	%
Substandard		7,323		3.7	%		7,140		4.2	%		183		0.6	%
Doubtful		1,390		0.7	%		969		0.6	%		421		1.5	%

	$	197,452		100.0	%	$	168,789		100.0	%	$	28,663		100.0	%


	December 31, 2012
	Totals		%			Commercial Mortgage Loans		%			SBA 7(a) Loans		%
	(Dollars in thousands)
Satisfactory	$	187,749		92.0	%	$	159,994		90.9	%	$	27,755		98.5	%
OAEM		81		—			—		—			81		0.3	%
Substandard		13,043		6.4	%		12,917		7.3	%		126		0.4	%
Doubtful		3,345		1.6	%		3,111		1.8	%		234		0.8	%

	$	204,218		100.0	%	$	176,022		100.0	%	$	28,196		100.0	%

Our provision for loan losses (excluding reductions of loan losses and recoveries) as a percentage of our weighted average outstanding Loans Receivable Subject to Credit Risk was 0.47% and 0.60% during the nine months ended September 30, 2013 and 2012, respectively. To the extent one or several of our borrowers experience significant operating difficulties and we are forced to liquidate the collateral underlying the loan, future losses may be substantial.

The activity in our loan loss reserves was as follows:


	Nine Months Ended September 30, 2013
	Total			Commercial Mortgage Loans			SBA 7(a) Loans
	(In thousands)
Balance, beginning of year	$	3,413		$	2,850		$	563
Provision for loan losses		960			767			193
Reduction of loan losses		(398	)		(395	)		(3	)
Principal balances written-off		(1,123	)		(988	)		(135	)

Balance, end of period	$	2,852		$	2,234		$	618


	Nine Months Ended September 30, 2012
	Total			Commercial Mortgage Loans			SBA 7(a) Loans
	(In thousands)
Balance, beginning of year	$	1,812		$	1,329		$	483
Provision for loan losses		1,203			1,103			100
Reduction of loan losses		(149	)		(115	)		(34	)
Recoveries		(408	)		(408	)		—
Principal balances written-off		(391	)		(219	)		(172	)

Balance, end of period	$	2,067		$	1,690		$	377

Information on those loans considered to be impaired loans was as follows:


	September 30, 2013
	Total		Commercial Mortgage Loans		SBA 7(a) Loans
	(In thousands)
Impaired loans requiring reserves (1)	$	6,523	$	6,222	$	301
Impaired loans expected to be fully recoverable (1)		2,049		1,929		120

Total impaired loans (2)	$	8,572	$	8,151	$	421


Loan loss reserves	$	840	$	697	$	143


	December 31, 2012
	Total		Commercial Mortgage Loans		SBA 7(a) Loans
	(In thousands)
Impaired loans requiring reserves (1)	$	10,927	$	10,049	$	878
Impaired loans expected to be fully recoverable (1)		2,244		2,123		121

Total impaired loans (3)	$	13,171	$	12,172	$	999


Loan loss reserves	$	1,535	$	1,382	$	153

(1)

Balances represent our recorded investment. Includes loans classified as troubled debt restructurings.

(2)

The unpaid principal balance of our impaired commercial mortgage loans was $8,625,000 at September 30, 2013. The unpaid principal balance of our impaired SBA 7(a) loans (excluding the government guaranteed portion) was $455,000 at September 30, 2013.

(3)

The unpaid principal balance of our impaired commercial mortgage loans was $12,703,000 at December 31, 2012. The unpaid principal balance of our impaired SBA 7(a) loans (excluding the government guaranteed portion) was $362,000 at December 31, 2012.


	Three Months Ended September 30,
	2013						2012
	Total		Commercial Mortgage Loans		SBA 7(a) Loans		Total		Commercial Mortgage Loans		SBA 7(a) Loans
	(In thousands)
Average impaired loans	$	9,783	$	8,775	$	1,008	$	9,885	$	8,799	$	1,086


Interest income on impaired loans	$	112	$	110	$	2	$	88	$	84	$	4


	Nine Months Ended September 30,
	2013						2012
	Total		Commercial Mortgage Loans		SBA 7(a) Loans		Total		Commercial Mortgage Loans		SBA 7(a) Loans
	(In thousands)
Average impaired loans	$	11,910	$	10,676	$	1,234	$	8,788	$	8,083	$	705


Interest income on impaired loans	$	322	$	283	$	39	$	277	$	266	$	11

Our recorded investment in Non-Accrual Loans at September 30, 2013 of $1,737,000 was comprised of $401,000 of SBA 7(a) loans and a $1,336,000 commercial mortgage loan. Our recorded investment in Non-Accrual Loans at December 31, 2012 of $5,768,000 was comprised of an $855,000 SBA 7(a) loan (including the government guaranteed portion of $634,000 on which we have no credit loss exposure) and $4,913,000 of commercial mortgage loans. We did not have any loans receivable past due 90 days or more which were accruing interest at September 30, 2013 or December 31, 2012.

Detailed information on our troubled debt restructurings was as follows at September 30, 2013:


	Commercial Mortgage Loans
	Recorded Investment		Unpaid Principal Balance
	(In thousands)
Troubled debt restructurings requiring reserves	$	6,203	$	6,649
Troubled debt restructurings without reserves		1,933		1,976

Total troubled debt restructurings	$	8,136	$	8,625


Number of loans		6


Loan loss reserves	$	697


	December 31, 2012
	Commercial Mortgage Loans				SBA 7(a) Loan
	Recorded Investment		Unpaid Principal Balance		Recorded Investment		Unpaid Principal Balance
	(In thousands)
Troubled debt restructurings requiring reserves (1)	$	10,049	$	10,531	$	854	$	846
Troubled debt restructurings without reserves		2,123		2,172		—		—

Total troubled debt restructurings	$	12,172	$	12,703	$	854	$	846


Number of loans		8				1


Loan loss reserves	$	1,382			$	130

(1)

At December 31, 2012, the SBA 7(a) loan recorded investment and unpaid principal balance include the government guaranteed portion of $634,000 on which we have no credit loss exposure and which, during 2013, was reclassified from secured borrowings to loans receivable, net, since it was repurchased by the SBA from the secondary market.

Our troubled debt restructurings include loans with a recorded investment at September 30, 2013 of $3.9 million which were modified voluntarily under agreements to allow extended interest only periods instead of the principal and interest payments required by the notes. In addition, loans with a recorded investment at September 30, 2013 of $2.8 million were modified involuntarily through Chapter 11 bankruptcy proceedings. The bankruptcy plans were confirmed with modified terms including extended interest only and amortization periods. Of our troubled debt restructurings, loans with a recorded investment of $5.2 million are no longer complying with their modified terms, including lack of required payments at September 30, 2013. A payment default is defined as a payment that becomes at least 30 days past due after the date the loan was restructured and/or non-payment or lack of timely payment of other loan related obligations such as real estate taxes.

- Definition

The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.

+ References + Details

Other Assets

9 Months Ended

Sep. 30, 2013

Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Abstract]

Other Assets

Note 5. Other Assets:

Other assets consisted of the following:


	September 30,		December 31,
	2013		2012
	(In thousands)
Deferred borrowing costs, net	$	1,555	$	1,218
Servicing asset, net		1,527		1,261
Deferred tax asset, net		1,412		1,626
Investment in a variable interest entity		820		820
Retained interests in transferred assets		699		773
Interest receivable		689		620
Prepaid expenses and deposits		331		330
Real estate owned		56		739
Other		171		99

	$	7,260	$	7,486

Debt

9 Months Ended

Sep. 30, 2013

Debt Disclosure [Abstract]

Debt

Note 6. Debt:

Information on our debt was as follows:


					Weighted Average Coupon Rate at
	September 30, 2013		December 31, 2012		September 30, 2013			December 31, 2012
	(Dollars in thousands, except footnotes)

Secured borrowings - government guaranteed loans:
Loans sold for a premium and excess spread - principal	$	29,470	$	32,062		4.09	%		4.09	%
Loans sold for a premium and excess spread - deferred premiums		2,822		3,099		NA			NA
Loans sold for excess spread		5,743		5,847		1.58	%		1.58	%

		38,035		41,008
Debentures payable (1)		27,500		17,190		3.87	%		4.47	%
Junior subordinated notes		27,070		27,070		3.52	%		3.61	%
Revolving credit facility (2)		11,900		11,900		2.75	%		2.30	%

Debt	$	104,505	$	97,168

(1)

Our SBIC subsidiaries issued a total of $6,000,000 of debentures in March 2013 at an interest rate of 2.35% plus an annual fee of 0.515% and a total of $8,500,000 of debentures in August 2013 at an interest rate of 3.64% plus an annual fee of 0.76%. The debentures mature in 10 years and have semi-annual interest only payments until maturity. We repaid $4,190,000 of debentures which matured on September 1, 2013.

(2)

Proceeds from the revolving credit facility were $47,800,000 and $34,400,000 during the nine months ended September 30, 2013 and 2012, respectively. Repayments on the revolving credit facility were $47,800,000 and $37,200,000 during the nine months ended September 30, 2013 and 2012, respectively. During August 2013, we extended the maturity date on the revolving credit facility to June 30, 2015.

Principal payments on, and estimated amortization of, our debt at September 30, 2013 was as follows:


Twelve Months Ending September 30,			Secured Borrowings
Twelve Months Ending September 30,	Total		Principal (1)		Deferred Premiums (2)		All Other Principal (3)
	(In thousands)
2014	$	1,215	$	1,069	$	146	$	—
2015		17,152		1,106		146		15,900
2016		1,290		1,144		146		—
2017		1,332		1,186		146		—
2018		1,375		1,229		146		—
Thereafter		82,141		29,479		2,092		50,570

	$	104,505	$	35,213	$	2,822	$	66,470

(1)

Principal payments are generally dependent upon cash flows received from the underlying loans. Our estimate of their repayment is based on scheduled principal payments on the underlying loans. Our estimate will differ from actual amounts to the extent we experience prepayments and/or loan liquidations or charge-offs. No payment is due unless payments are received from the borrowers on the underlying loans.

(2)

Represents cash premiums collected on loans sold for excess spread and a cash premium of 10% which are amortized as a reduction to interest expense over the life of the loan. Our estimate of their amortization will differ from actual amounts to the extent we experience prepayments and/or loan liquidations or charge-offs.

(3)

Represents the revolving credit facility, junior subordinated notes and debentures payable.

Share-Based Compensation Plans	9 Months Ended
Share-Based Compensation Plans	Sep. 30, 2013
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Share-Based Compensation Plans	Note 7. Share-Based Compensation Plans: We granted 30,000 option awards on June 8, 2012 at an exercise price of $7.80 (the then current market price) and recorded compensation expense of $12,000 during the nine months ended September 30, 2012. We issued an aggregate of 5,000 shares to the Board of Trust Managers on June 8, 2012 at the then current market price of the shares of $7.80. These shares vested immediately upon issuance. We recorded compensation expense of $39,000 during the nine months ended September 30, 2012 related to these shares. We issued an aggregate of 6,666 shares to our executive officers on March 14, 2013 at the then current market price of the shares of $7.22 (the closing price on March 13, 2013). We issued an aggregate of 10,000 shares to our executive officers on March 12, 2012 at the then current market price of the shares of $7.27 (the closing price on March 9, 2012). The restricted shares vest based on two years of continuous service with one-third of the shares vesting immediately upon issuance of the shares and one-third vesting at the end of each of the next two years. Restricted share awards provide for accelerated vesting if there is a change in control (as defined in the plan). Compensation expense related to the restricted shares is being recognized over the vesting periods. We recorded compensation expense of $8,000 and $12,000 during the three months ended September 30, 2013 and 2012, respectively, and $41,000 and $68,000 during the nine months ended September 30, 2013 and 2012, respectively, related to restricted shares. As of September 30, 2013, there was $21,000 of total unrecognized compensation expense related to restricted shares which will be recognized over the next two years.

Other Income

9 Months Ended

Sep. 30, 2013

Other Income And Expenses [Abstract]

Other Income

Note 8. Other Income:

Other income consisted of the following:


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2013		2012		2013		2012
	(In thousands)
Prepayment fees	$	339	$	254	$	389	$	273
Servicing income		160		132		426		370
Income from Retained interests in transferred assets		42		43		123		148
Loan related income—other		33		63		113		173
Other		27		15		80		72

	$	601	$	507	$	1,131	$	1,036

Discontinued Operations, Net of Tax

9 Months Ended

Sep. 30, 2013

Discontinued Operations And Disposal Groups [Abstract]

Discontinued Operations, Net of Tax

Note 9. Discontinued Operations, Net of Tax:

Discontinued operations, net of tax, consisted of the following:


	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2013			2012			2013			2012
	(In thousands)
Net operating losses	$	(51	)	$	(146	)	$	(190	)	$	(416	)
Impairment losses		(18	)		(7	)		(135	)		(208	)
Net losses on sales of real estate		(15	)		(19	)		(16	)		(19	)
Income tax benefit		9			—			18			—

Discontinued operations, net of tax	$	(75	)	$	(172	)	$	(323	)	$	(643	)

Net operating losses relate to the operations and holding costs of our real estate owned included in discontinued operations. As of September 30, 2013, we had sold all of our operating real estate owned. We continue to have holding costs on our remaining real estate owned.

During July 2013, we foreclosed on the underlying collateral (limited service hospitality properties) of three loans with an estimated fair value at foreclosure of $2.3 million. We sold one of these properties in July 2013 for $1,175,000, received cash proceeds of $200,000 and financed the remainder. No gain or loss was recorded on the transaction. We sold another of these properties in September 2013 for cash proceeds of $965,000 and recorded a loss of $15,000.

During the nine months ended September 30, 2012, we foreclosed on and sold the underlying collateral (limited service hospitality properties) of two loans with a combined estimated fair value at foreclosure of $1,481,000. One property was sold for $1,375,000 including cash proceeds of $550,000 and financing of $825,000. The other property was sold solely for cash proceeds. No gain or loss was recorded on these sales. In addition, we sold a property during the nine months ended September 30, 2012 with an estimated fair value of $76,000 and recorded a loss of $19,000.

Impairment losses represent declines in the estimated fair value of our real estate owned subsequent to initial valuation.

- Definition

The entire disclosure for the facts and circumstances leading to the completed or expected disposal, manner and timing of disposal, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the segment in which the disposal group was reported, and the classification (whether sold or classified as held for sale) and carrying value of the assets and liabilities comprising the disposal group. Includes all disposal groups, including those classified as components of the entity (discontinued operations).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1436-107760

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
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-Section 50
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-Name Accounting Standards Codification
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-Publisher FASB
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Reference 7: http://www.xbrl.org/2003/role/presentationRef
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Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=6391110&loc=d3e2941-110230

+ Details

Earnings (Loss) Per Share ("EPS")	9 Months Ended
Earnings (Loss) Per Share ("EPS")	Sep. 30, 2013
Earnings Per Share [Abstract]
Earnings (Loss) Per Share ("EPS")	Note 10. Earnings (Loss) Per Share (“EPS”): The computations of basic EPS are based on our weighted average shares outstanding. During the three and nine months ended September 30, 2013, the weighted average shares outstanding were increased by 10,000 and 2,000 shares, respectively, to reflect the dilutive effect of share options. No shares were added to the weighted average shares outstanding for purposes of calculating diluted EPS during the three months ended September 30, 2012 as options were anti-dilutive. During the nine months ended September 30, 2012, the weighted average shares outstanding were increased by 26,000 shares to reflect the dilutive effect of share options. Not included in the computation of diluted EPS were outstanding options to purchase 113,000 common shares during the three months ended September 30, 2012 and 69,000 common shares during each of the nine months ended September 30, 2013 and 2012 because the options’ exercise prices were greater than the average market price of the shares.

Dividends Declared

9 Months Ended

Sep. 30, 2013

Equity [Abstract]

Dividends Declared

Note 11. Dividends Declared:

Dividends declared during 2013 were as follows:


Record Date	Date Paid	Amount Per Share
March 28, 2013	April 8, 2013	$	0.125
June 28, 2013	July 8, 2013		0.125
September 30, 2013	October 7, 2013		0.125

		$	0.375

During 2013, due primarily to payment of severance expenses and realized losses on our foreclosure properties, we anticipate a taxable loss. Thus, all or a portion of our dividends will be deemed returns of capital.

Pursuant to the merger agreement, we are limited to quarterly dividends of $0.125 per share until the merger is completed or the merger agreement is otherwise terminated.

We have a covenant within our revolving credit facility that requires us to maintain a minimum net worth of $132 million which may limit our ability to pay out returns of capital as dividends. This restriction has not historically limited the amount of dividends we have paid and management does not believe that it will restrict future dividend payments.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(d),(e))
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-Publisher FASB
-Name Accounting Standards Codification
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-Subparagraph (SAB TOPIC 4.E)
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-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21488-112644

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.29-31)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

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-Topic 505
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Reference 8: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 505
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-Subparagraph (SX 210.3-04)
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Reference 9: http://www.xbrl.org/2003/role/presentationRef
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Reference 10: http://www.xbrl.org/2003/role/presentationRef
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Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=6521494

Reference 12: http://www.xbrl.org/2003/role/presentationRef
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-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph d
-Article 4

Reference 15: http://www.xbrl.org/2003/role/presentationRef
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-Number 210
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Reference 16: http://www.xbrl.org/2003/role/presentationRef
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-Name Staff Accounting Bulletin (SAB)
-Number Topic 4
-Section E

Reference 17: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
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Reference 18: http://www.xbrl.org/2003/role/presentationRef
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Reference 19: http://www.xbrl.org/2003/role/presentationRef
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-Article 3

+ Details

Supplemental Disclosure of Cash Flow Information

9 Months Ended

Sep. 30, 2013

Supplemental Cash Flow Elements [Abstract]

Supplemental Disclosure of Cash Flow Information

Note 12. Supplemental Disclosure of Cash Flow Information:

Our non-cash activities were as follows:


	Nine Months Ended September 30,
	2013		2012
	(In thousands)
Reclassification from loans receivable to real estate owned	$	2,125	$	1,481

Loans receivable originated to facilitate sales of real estate owned	$	975	$	825

Reclassification from secured borrowings to loans receivable, net	$	1,749	$	—

Fair Value Measurements

9 Months Ended

Sep. 30, 2013

Fair Value Disclosures [Abstract]

Fair Value Measurements

Note 13. Fair Value Measurements:

For impaired loans measured at fair value on a nonrecurring basis, the following table provides the estimated fair value of the related individual assets. We used Level 3 inputs to determine the estimated fair value of our impaired loans as follows:


	September 30,		December 31,
	2013		2012
	(In thousands)
Impaired loans (1)	$	7,732	$	11,637

(1)

Represents carrying value determined based on management’s assessment of the estimated fair value of the collateral based on numerous factors including operating statistics to the extent available, appraised value of the collateral, tax assessed value and market environment.

Our retained interests in transferred assets (“Retained Interests”) are recorded at estimated fair value measured on a recurring basis using Level 3 inputs. In determining the estimated fair value of our Retained Interests, we use a present value technique with assumptions of prepayment tendencies and a current discount rate. The prepayment rate used was 15% at both September 30, 2013 and December 31, 2012. The discount rates used were 12.4% at September 30, 2013 and 11.7% at December 31, 2012. No credit losses are assumed for our Retained Interests since the SBA has guaranteed the principal on these loans. The estimated fair value of our Retained Interests at September 30, 2013 and December 31, 2012 was $699,000 and $773,000, respectively.

For real estate owned, our carrying value approximates the estimated fair value at the time of foreclosure and the lower of cost or fair value thereafter. We use Level 3 inputs to determine the estimated fair value of our real estate owned. The carrying value of our real estate owned is established at the time of foreclosure based upon management’s assessment of its fair value based on numerous factors including operating statistics to the extent available, the appraised value, tax assessed value and market environment. The estimated fair value of our real estate owned at September 30, 2013 and December 31, 2012 was $56,000 and $739,000, respectively.

The estimated fair values of those financial instruments which are not recorded at fair value on our consolidated balance sheets were as follows:


	September 30, 2013				December 31, 2012
	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value		Level
	(In thousands)
Assets:
Loans Receivable Subject to Credit Risk	$	194,429	$	176,281	$	200,642	$	181,112		3
SBA 7(a) loans receivable, subject to secured borrowings		35,623		39,961		38,349		43,096		3
Liabilities:
SBIC debentures		27,500		26,476		17,190		18,027		3
Secured borrowings - government guaranteed loans		38,035		38,035		41,008		41,008		3
Revolving credit facility		11,900		11,900		11,900		11,900		3
Junior subordinated notes		27,070		25,184		27,070		22,592		3

We used Level 3 inputs to determine the estimated fair value of our financial instruments. In general, estimates of fair value differ from the carrying amounts of the financial assets and liabilities primarily as a result of the effects of discounting future cash flows. Considerable judgment is required to interpret market data and develop estimates of fair value. Accordingly, the estimates presented may not be indicative of the amounts we could realize in a current market exchange.

Loans Receivable Subject to Credit Risk: Our loans receivable are recorded at cost and adjusted by net loan origination fees and discounts. In order to determine the estimated fair value of our loans receivable, we use a present value technique for the anticipated future cash flows using certain assumptions including a discount rate based on current market interest rates, prepayment tendencies and potential loan losses. Significant increases (decreases) in any of these inputs in isolation would result in a significantly lower (higher) fair value measurement. In the absence of a readily ascertainable market value, the estimated value of our loans receivable will differ from the values that would be placed on the portfolio if a ready market for the loans receivable existed.

SBA 7(a) loans receivable, subject to secured borrowings: Represents the government guaranteed portion of loans which were sold with the proceeds received from the sale reflected as secured borrowings – government guaranteed loans (a liability on our consolidated balance sheet). There is no credit risk associated with these loans since the SBA has guaranteed payment of the principal. In order to determine the estimated fair value of our loans receivable, we use a present value technique for the anticipated future cash flows using certain assumptions including a discount rate based on current market interest rates taking into consideration the lack of credit risk and prepayment tendencies.

SBIC debentures payable and junior subordinated notes: The estimated fair value is based on a present value calculation based on management’s estimate of prices of the same or similar instruments after considering market risks, current interest rates, and remaining maturities.

Secured borrowings – government guaranteed loans: The estimated fair value approximates cost as the interest rates on these secured borrowings approximates current market interest rates. Includes the unamortized deferred cash premiums collected on the sale of the government guaranteed portions of the loans.

Revolving credit facility: The carrying amount is a reasonable estimation of fair value as the interest rate on this instrument is variable and is at a current market interest rate.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Commitments and Contingencies

9 Months Ended

Sep. 30, 2013

Commitments And Contingencies Disclosure [Abstract]

Commitments and Contingencies

Note 14. Commitments and Contingencies:

Loan Commitments

Commitments to extend credit are agreements to lend to a customer provided the terms established in the contract are met. Our outstanding loan commitments and approvals to fund loans were $28.6 million at September 30, 2013, of which $18.5 million were for prime-based loans to be originated by our SBA 7(a) subsidiary, the government guaranteed portion of which is intended to be sold. Commitments generally have fixed expiration dates. Since some commitments are expected to expire without being drawn upon, total commitment amounts do not necessarily represent future cash requirements.

Operating Lease

We lease office space in Dallas, Texas under a lease which expires in February 2015. Future minimum lease payments are as follows:


Twelve Months Ending September 30,	Total
	(In thousands)
2014	$	216
2015		91

	$	307

Employment Agreements

We have employment agreements with our two executive officers for three-year terms expiring December 31, 2015. Under certain circumstances, as defined within the agreements, the agreements provide for (1) severance compensation or change in control payments to the executive officer in an amount equal to 2.99 times the average of the last three years annual compensation paid to the executive officer and (2) death and disability payments in an amount equal to two times and one time, respectively, the annual salary paid to the executive officer.

Litigation

REIT Redux, L.P. et al v. PMC Commercial Trust, et al. On October 9, 2013, a putative class action and derivative lawsuit was filed in the Dallas County Court at Law No. 5 in Dallas County, Texas against and purportedly on behalf of PMC Commercial. The complaint names as defendants PMC Commercial, members of the Board and executive officers of PMC Commercial and CIM Urban REIT. The plaintiffs assert the action as a direct action, as well as a derivative action and allege, among other things, that the Board breached the PMC Commercial Declaration of Trust and conspired to deprive the plaintiffs and the class of their right to vote to approve or decline the merger, to approve or decline of the sale of PMC Commercial and to approve or decline the authorization of the PMC Commercial common shares necessary to support the conversion rights of the PMC Commercial preferred shares to be issued pursuant to the merger agreement. The plaintiffs allege, among other things, that the Board breached its fiduciary duties by approving and recommending the transactions to the shareholders without due regard for the fairness of the transaction, failing to maximize value for the shareholders, engaging in bad faith and self-dealing by preferring transactions that further enriched the trust managers at the expense of the shareholders, and conspiring to deprive the shareholders of their voting power and prerogatives. The complaint alleges that CIM Urban REIT aided, abetted and induced those breaches of fiduciary duty. The complaint further alleges that the causes of action were aggravated by gross negligence and intentional and malicious wrongdoing. The complaint seeks an order enjoining a vote on the transactions contemplated by the merger agreement, an order certifying the matter as a class action for damages, damages for lost shareholder value, exemplary damages, attorney’s fees and costs, appointment of a receiver, if justice so demands, in order to preserve and maximize shareholder value, and all other such relief as the court may find reasonable and necessary to which plaintiffs may be entitled. We have denied all of the allegations in the complaint and intend to vigorously defend against these allegations. However, no assurance can be given as to the outcome of this lawsuit.

In the normal course of business we are periodically party to certain legal actions and proceedings involving matters that are generally incidental to our business (i.e., collection of loans receivable). In management’s opinion, the resolution of these legal actions and proceedings will not have a material adverse effect on our consolidated financial statements.

Merger Related

Up to approximately $3.4 million of transaction fees related to the potential merger are contingent upon consummation of the merger.

Under certain circumstances, if the potential merger does not occur, we may be required to pay CIM Urban REIT a termination fee equal to $4.0 million plus reimburse CIM Urban REIT for certain of its out-of-pocket expenses up to $700,000 (excluding $542,000 of expenses reimbursed by CIM Urban REIT).

In connection with the potential merger, our two executive officers agreed to amend their employment agreements effective upon consummation of the merger. These amended employment agreements would replace their existing employment agreements, provide for various payments and equity awards and adjusts the calculation for severance benefits.

SBA Related

If the SBA establishes that a loss on an SBA guaranteed loan is attributable to significant technical deficiencies in the manner in which the loan was originated, funded or serviced by our SBLC, the SBA may seek recovery of the principal loss related to the deficiency from us. With respect to the guaranteed portion of SBA loans that have been sold, the SBA will first honor its guarantee and then seek compensation from us in the event that a loss is deemed to be attributable to technical deficiencies. Based on historical experience, we do not expect that this contingency is probable to be asserted. However, if asserted, it could be material to the financial statements.

In certain instances, including liquidation or charge-off of an SBA guaranteed loan, we typically have a receivable for the SBA’s guaranteed portion of legal fees, operating expenses, property taxes paid, etc. related to the loan or the collateral (upon foreclosure). While we believe expenses incurred were justified and necessary for the care and preservation of the collateral and within the established rules of the SBA, there can be no assurance that the SBA will reimburse us. In addition, reimbursement from the SBA is a time consuming and lengthy process and the SBA may seek compensation from us related to reimbursement of expenses which it does not believe were necessary for the care and preservation of the loan or its collateral. Although the SBA has never declined to reimburse us for its portion of material expenses, no assurance can be given that the SBA would not do so in the future. We have evaluated our SBA receivables and believe that our financial statements fairly reflect these receivables at their appropriate net realizable value.

Loans Receivable, net (Tables)

9 Months Ended

Sep. 30, 2013

Receivables [Abstract]

Loans Receivables, Net

Loans receivable, net, consisted of the following:


	September 30,			December 31,
	2013			2012
	(In thousands)
Commercial mortgage loans	$	114,745		$	128,401
SBIC commercial mortgage loans		54,044			47,621
SBA 7(a) loans, subject to secured borrowings		35,213			37,909
SBA 7(a) loans		28,663			28,196

Total loans receivable		232,665			242,127
Adjusted by:
Deferred capitalized costs, net		239			277
Loan loss reserves		(2,852	)		(3,413	)

Loans receivable, net	$	230,052		$	238,991

Aging of Loans Receivable


September 30, 2013
Category	Totals				Commercial Mortgage Loans				SBA 7(a) Loans
	(Dollars in thousands)
Current (1)	$	193,089	97.8	%	$	165,006	97.8	%	$	28,083	98.0	%
Between 29 and 59 days delinquent (2)		4,114	2.1	%		3,783	2.2	%		331	1.1	%
Between 60 and 89 days delinquent		—	—			—	—			—	—
Over 89 days delinquent		249	0.1	%		—	—			249	0.9	%

	$	197,452	100.0	%	$	168,789	100.0	%	$	28,663	100.0	%

(1)

Includes $5.8 million of loans classified as troubled debt restructurings which were current at September 30, 2013 based on revised note payment terms.

(2)

Includes two commercial loans totaling $2.3 million which are classified as troubled debt restructurings.


December 31, 2012
Category	Totals				Commercial Mortgage Loans				SBA 7(a) Loans
	(Dollars in thousands)
Current (1)	$	198,282	97.1	%	$	170,429	96.8	%	$	27,853	98.8	%
Between 29 and 59 days delinquent		2,824	1.4	%		2,482	1.4	%		342	1.2	%
Between 60 and 89 days delinquent		1	—			—	—			1	—
Over 89 days delinquent		3,111	1.5	%		3,111	1.8	%		—	—

	$	204,218	100.0	%	$	176,022	100.0	%	$	28,196	100.0	%

(1)

Includes $7.6 million of loans classified as troubled debt restructurings which were current at December 31, 2012 based on revised note payment terms.

Classified Loans Receivable

Management has classified our Loans Receivable Subject to Credit Risk as follows (balances represent our investment in the loans prior to loan loss reserves and deferred capitalized costs):


	September 30, 2013
	Totals		%			Commercial Mortgage Loans		%			SBA 7(a) Loans		%
	(Dollars in thousands)
Satisfactory	$	184,534		93.5	%	$	156,760		92.9	%	$	27,774		96.9	%
OAEM		4,205		2.1	%		3,920		2.3	%		285		1.0	%
Substandard		7,323		3.7	%		7,140		4.2	%		183		0.6	%
Doubtful		1,390		0.7	%		969		0.6	%		421		1.5	%

	$	197,452		100.0	%	$	168,789		100.0	%	$	28,663		100.0	%


	December 31, 2012
	Totals		%			Commercial Mortgage Loans		%			SBA 7(a) Loans		%
	(Dollars in thousands)
Satisfactory	$	187,749		92.0	%	$	159,994		90.9	%	$	27,755		98.5	%
OAEM		81		—			—		—			81		0.3	%
Substandard		13,043		6.4	%		12,917		7.3	%		126		0.4	%
Doubtful		3,345		1.6	%		3,111		1.8	%		234		0.8	%

	$	204,218		100.0	%	$	176,022		100.0	%	$	28,196		100.0	%

Loan Loss Reserves

The activity in our loan loss reserves was as follows:


	Nine Months Ended September 30, 2013
	Total			Commercial Mortgage Loans			SBA 7(a) Loans
	(In thousands)
Balance, beginning of year	$	3,413		$	2,850		$	563
Provision for loan losses		960			767			193
Reduction of loan losses		(398	)		(395	)		(3	)
Principal balances written-off		(1,123	)		(988	)		(135	)

Balance, end of period	$	2,852		$	2,234		$	618


	Nine Months Ended September 30, 2012
	Total			Commercial Mortgage Loans			SBA 7(a) Loans
	(In thousands)
Balance, beginning of year	$	1,812		$	1,329		$	483
Provision for loan losses		1,203			1,103			100
Reduction of loan losses		(149	)		(115	)		(34	)
Recoveries		(408	)		(408	)		—
Principal balances written-off		(391	)		(219	)		(172	)

Balance, end of period	$	2,067		$	1,690		$	377

Loans Considered to be Impaired Loans

Information on those loans considered to be impaired loans was as follows:


	September 30, 2013
			Commercial
			Mortgage		SBA 7(a)
	Total		Loans		Loans
	(In thousands)
Impaired loans requiring reserves (1)	$	6,523	$	6,222	$	301
Impaired loans expected to be fully recoverable (1)		2,049		1,929		120

Total impaired loans (2)	$	8,572	$	8,151	$	421

Loan loss reserves	$	840	$	697	$	143


	December 31, 2012
			Commercial
			Mortgage		SBA 7(a)
	Total		Loans		Loans
	(In thousands)
Impaired loans requiring reserves (1)	$	10,927	$	10,049	$	878
Impaired loans expected to be fully recoverable (1)		2,244		2,123		121

Total impaired loans (3)	$	13,171	$	12,172	$	999

Loan loss reserves	$	1,535	$	1,382	$	153

(1)

Balances represent our recorded investment. Includes loans classified as troubled debt restructurings.

(2)

(3)


	Three Months Ended September 30,
	2013						2012
			Commercial						Commercial
			Mortgage		SBA 7(a)				Mortgage		SBA 7(a)
	Total		Loans		Loans		Total		Loans		Loans
	(In thousands)
Average impaired loans	$	9,783	$	8,775	$	1,008	$	9,885	$	8,799	$	1,086

Interest income on impaired loans	$	112	$	110	$	2	$	88	$	84	$	4


	Nine Months Ended September 30,
	2013						2012
			Commercial						Commercial
			Mortgage		SBA 7(a)				Mortgage		SBA 7(a)
	Total		Loans		Loans		Total		Loans		Loans
	(In thousands)
Average impaired loans	$	11,910	$	10,676	$	1,234	$	8,788	$	8,083	$	705

Interest income on impaired loans	$	322	$	283	$	39	$	277	$	266	$	11

Troubled Debt Restructurings

Detailed information on our troubled debt restructurings was as follows at September 30, 2013:


	Commercial Mortgage Loans
			Unpaid
	Recorded		Principal
	Investment		Balance
	(In thousands)
Troubled debt restructurings requiring reserves	$	6,203	$	6,649
Troubled debt restructurings without reserves		1,933		1,976

Total troubled debt restructurings	$	8,136	$	8,625

Number of loans		6

Loan loss reserves	$	697


	December 31, 2012
	Commercial Mortgage Loans				SBA 7(a) Loan
			Unpaid				Unpaid
	Recorded		Principal		Recorded		Principal
	Investment		Balance		Investment		Balance
	(In thousands)
Troubled debt restructurings requiring reserves (1)	$	10,049	$	10,531	$	854	$	846
Troubled debt restructurings without reserves		2,123		2,172		—		—

Total troubled debt restructurings	$	12,172	$	12,703	$	854	$	846

Number of loans		8				1

Loan loss reserves	$	1,382			$	130

(1)

Other Assets (Tables)

9 Months Ended

Sep. 30, 2013

Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Abstract]

Other Assets

Other assets consisted of the following:


	September 30,		December 31,
	2013		2012
	(In thousands)
Deferred borrowing costs, net	$	1,555	$	1,218
Servicing asset, net		1,527		1,261
Deferred tax asset, net		1,412		1,626
Investment in a variable interest entity		820		820
Retained interests in transferred assets		699		773
Interest receivable		689		620
Prepaid expenses and deposits		331		330
Real estate owned		56		739
Other		171		99

	$	7,260	$	7,486

Debt (Tables)

9 Months Ended

Sep. 30, 2013

Debt Disclosure [Abstract]

Summary of Debt

Information on our debt was as follows:


					Weighted Average Coupon Rate at
	September 30, 2013		December 31, 2012		September 30, 2013			December 31, 2012
	(Dollars in thousands, except footnotes)

Secured borrowings - government guaranteed loans:
Loans sold for a premium and excess spread - principal	$	29,470	$	32,062		4.09	%		4.09	%
Loans sold for a premium and excess spread - deferred premiums		2,822		3,099		NA			NA
Loans sold for excess spread		5,743		5,847		1.58	%		1.58	%

		38,035		41,008
Debentures payable (1)		27,500		17,190		3.87	%		4.47	%
Junior subordinated notes		27,070		27,070		3.52	%		3.61	%
Revolving credit facility (2)		11,900		11,900		2.75	%		2.30	%

Debt	$	104,505	$	97,168

(1)

(2)

Principal Payments on, and Estimated Amortization on Debt

Principal payments on, and estimated amortization of, our debt at September 30, 2013 was as follows:


Twelve Months Ending September 30,			Secured Borrowings
Twelve Months Ending September 30,	Total		Principal (1)		Deferred Premiums (2)		All Other Principal (3)
	(In thousands)
2014	$	1,215	$	1,069	$	146	$	—
2015		17,152		1,106		146		15,900
2016		1,290		1,144		146		—
2017		1,332		1,186		146		—
2018		1,375		1,229		146		—
Thereafter		82,141		29,479		2,092		50,570

	$	104,505	$	35,213	$	2,822	$	66,470

(1)

(2)

(3)

Represents the revolving credit facility, junior subordinated notes and debentures payable.

Other Income (Tables)

9 Months Ended

Sep. 30, 2013

Other Income And Expenses [Abstract]

Summary of Other Income

Other income consisted of the following:


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2013		2012		2013		2012
	(In thousands)
Prepayment fees	$	339	$	254	$	389	$	273
Servicing income		160		132		426		370
Income from Retained interests in transferred assets		42		43		123		148
Loan related income—other		33		63		113		173
Other		27		15		80		72

	$	601	$	507	$	1,131	$	1,036

Discontinued Operations, Net of Tax (Tables)

9 Months Ended

Sep. 30, 2013

Discontinued Operations And Disposal Groups [Abstract]

Summary of Discontinued Operations

Discontinued operations, net of tax, consisted of the following:


	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2013			2012			2013			2012
	(In thousands)
Net operating losses	$	(51	)	$	(146	)	$	(190	)	$	(416	)
Impairment losses		(18	)		(7	)		(135	)		(208	)
Net losses on sales of real estate		(15	)		(19	)		(16	)		(19	)
Income tax benefit		9			—			18			—

Discontinued operations, net of tax	$	(75	)	$	(172	)	$	(323	)	$	(643	)

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

+ References + Details

Dividends Declared (Tables)

9 Months Ended

Sep. 30, 2013

Equity [Abstract]

Schedule of Dividends Declared

Dividends declared during 2013 were as follows:


		Amount
Record Date	Date Paid	Per Share
March 28, 2013	April 8, 2013	$	0.125
June 28, 2013	July 8, 2013		0.125
September 30, 2013	October 7, 2013		0.125

		$	0.375

Supplemental Disclosure of Cash Flow Information (Tables)

9 Months Ended

Sep. 30, 2013

Supplemental Cash Flow Elements [Abstract]

Non-cash Activities

Our non-cash activities were as follows:


	Nine Months Ended September 30,
	2013		2012
	(In thousands)
Reclassification from loans receivable to real estate owned	$	2,125	$	1,481

Loans receivable originated to facilitate sales of real estate owned	$	975	$	825

Reclassification from secured borrowings to loans receivable, net	$	1,749	$	—

Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2013

Fair Value Disclosures [Abstract]

Impaired Loans Measured at Fair Value on Nonrecurring Basis


	September 30,		December 31,
	2013		2012
	(In thousands)
Impaired loans (1)	$	7,732	$	11,637

(1)

Estimated Fair Values of Financial Instruments

The estimated fair values of those financial instruments which are not recorded at fair value on our consolidated balance sheets were as follows:


	September 30, 2013				December 31, 2012
	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value		Level
	(In thousands)
Assets:
Loans Receivable Subject to Credit Risk	$	194,429	$	176,281	$	200,642	$	181,112		3
SBA 7(a) loans receivable, subject to secured borrowings		35,623		39,961		38,349		43,096		3
Liabilities:
SBIC debentures		27,500		26,476		17,190		18,027		3
Secured borrowings - government guaranteed loans		38,035		38,035		41,008		41,008		3
Revolving credit facility		11,900		11,900		11,900		11,900		3
Junior subordinated notes		27,070		25,184		27,070		22,592		3

Commitments and Contingencies (Tables)

9 Months Ended

Sep. 30, 2013

Commitments And Contingencies Disclosure [Abstract]

Future Minimum Lease Payments

Future minimum lease payments are as follows:


Twelve Months Ending September 30,	Total
	(In thousands)
2014	$	216
2015		91

	$	307

Merger Agreement - Additional Information (Detail) - USD ($)	1 Months Ended	9 Months Ended
	Jul. 08, 2013	Sep. 30, 2013
Business Combination Transactions [Line Items]
Special cash dividend received	$ 5.50
CIM Urban REIT [Member]
Business Combination Transactions [Line Items]
Newly issued common shares	22,000,000
Newly issued preferred shares	65,000,000
Total common shares to be issued pursuant to merger	477,200,000
Percentage of shares outstanding	97.80%
Number of preferred shares converted to common stock shares	7
Reimbursable legal and due diligence costs in relation to merger		$ 542,000

Loans Receivable, net - Loans Receivables, Net (Detail) - USD ($) $ in Thousands	Sep. 30, 2013	Dec. 31, 2012
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	$ 232,665	$ 242,127
Adjusted by:
Deferred capitalized costs, net	239	277
Loan loss reserves	(2,852)	(3,413)
Loans receivable, net	230,052	238,991
Commercial mortgage loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial mortgage loans	114,745	128,401
SBIC commercial mortgage loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
SBIC commercial mortgage loans	54,044	47,621
SBA 7(a) loans, subject to secured borrowings [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
SBA 7(a) loans, subject to secured borrowings	35,213	37,909
SBA 7(a) Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
SBA 7(a) loans	$ 28,663	$ 28,196

Loans Receivable, net - Additional Information (Detail) - USD ($)	9 Months Ended		12 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012
Financing Receivable, Recorded Investment, Past Due [Line Items]
Concentrations of investments in hospitality industry	94.00%		94.00%
State loan receivable concentration	10.00%		10.00%
Maximum loans receivable single borrower	10.00%		10.00%
Loans receivable affiliated group of obligors	5.00%		5.00%
Provision for loan losses	0.47%	0.60%
Recorded investment in non accrual loans	$ 1,737,000		$ 5,768,000
Government guaranteed portion of loan related secured borrowing on non accrual status			634,000
Loans receivable past due 90 days or more which were accruing interest	$ 0		$ 0
Loans receivable past due	90 days		90 days
Voluntary modification of loans recorded investment	$ 3,900,000
Involuntary modification due to bankruptcy loans recorded investment	2,800,000
Modified loans no longer complying with their terms	$ 5,200,000
Texas [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans collateralized by properties	12.00%		15.00%
Virginia [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans collateralized by properties	10.00%
SBA 7(a) loans, subject to secured borrowings [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
SBA 7(a) loans, subject to secured borrowings	$ 35,213,000		$ 37,909,000
SBA 7(a) Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Balance of SBA 7(a) loans, net of retained loans discount	2,600,000		2,100,000
Recorded investment in non accrual loans	401,000		855,000
Commercial Loan [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Recorded investment in commercial mortgage non accrual loans	$ 1,336,000		$ 4,913,000

Loans Receivable, net - Aging of Loans Receivable (Detail) - USD ($) $ in Thousands	Sep. 30, 2013	Dec. 31, 2012
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current	$ 193,089	$ 198,282
Between 29 and 59 days delinquent	4,114	2,824
Between 60 and 89 days delinquent		1
Over 89 days delinquent	249	3,111
Loans receivable, gross, excluding secured borrowings	$ 197,452	$ 204,218
Current	97.80%	97.10%
Between 29 and 59 days delinquent	2.10%	1.40%
Between 60 and 89 days delinquent
Over 89 days delinquent	0.10%	1.50%
Aging of loans receivable percent	100.00%	100.00%
Commercial Mortgage Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current	$ 165,006	$ 170,429
Between 29 and 59 days delinquent	3,783	2,482
Between 60 and 89 days delinquent
Over 89 days delinquent		3,111
Loans receivable, gross, commercial mortgage loans	$ 168,789	$ 176,022
Current	97.80%	96.80%
Between 29 and 59 days delinquent	2.20%	1.40%
Between 60 and 89 days delinquent
Over 89 days delinquent		1.80%
Aging of loans receivable percent	100.00%	100.00%
SBA 7(a) Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current	$ 28,083	$ 27,853
Between 29 and 59 days delinquent	331	342
Between 60 and 89 days delinquent		1
Over 89 days delinquent	249
SBA 7(a) loans receivable, gross, excluding secured borrowings	$ 28,663	$ 28,196
Current	98.00%	98.80%
Between 29 and 59 days delinquent	1.10%	1.20%
Between 60 and 89 days delinquent
Over 89 days delinquent	0.90%
Aging of loans receivable percent	100.00%	100.00%

Loans Receivable, net - Aging of Loans Receivable (Parenthetical) (Detail) - USD ($) $ in Millions	Sep. 30, 2013	Dec. 31, 2012
Accounts, Notes, Loans and Financing Receivable [Line Items]
Troubled debt restructurings current	$ 5.8	$ 7.6
Commercial Mortgage Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Troubled debt restructurings 29 to 59 days delinquent	$ 2.3

Loans Receivable, net - Loan Loss Reserves (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Financing Receivable, Allowance for Credit Losses [Line Items]
Balance, beginning of year	$ 3,413	$ 1,812
Provision for loan losses	960	1,203
Reduction of loan losses	(398)	(149)
Recoveries		(408)
Principal balances written-off	(1,123)	(391)
Balance, end of period	2,852	2,067
Commercial Mortgage Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Balance, beginning of year	2,850	1,329
Provision for loan losses	767	1,103
Reduction of loan losses	(395)	(115)
Recoveries		(408)
Principal balances written-off	(988)	(219)
Balance, end of period	2,234	1,690
SBA 7(a) Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Balance, beginning of year	563	483
Provision for loan losses	193	100
Reduction of loan losses	(3)	(34)
Recoveries
Principal balances written-off	(135)	(172)
Balance, end of period	$ 618	$ 377

Loans Receivable, net - Loans Considered to be Impaired Loans (Detail) - USD ($) $ in Thousands	Sep. 30, 2013	Dec. 31, 2012
Financing Receivable, Impaired [Line Items]
Impaired loans requiring reserves	$ 6,523	$ 10,927
Impaired loans expected to be fully recoverable	2,049	2,244
Total impaired loans	8,572	13,171
Loan loss reserves	840	1,535
Commercial Mortgage Loans [Member]
Financing Receivable, Impaired [Line Items]
Impaired loans requiring reserves	6,222	10,049
Impaired loans expected to be fully recoverable	1,929	2,123
Total impaired loans	8,151	12,172
Loan loss reserves	697	1,382
SBA 7(a) Loans [Member]
Financing Receivable, Impaired [Line Items]
Impaired loans requiring reserves	301	878
Impaired loans expected to be fully recoverable	120	121
Total impaired loans	421	999
Loan loss reserves	$ 143	$ 153

Loans Receivable, net - Loans Considered to be Impaired Loans (Parenthetical) (Detail) - USD ($)	Sep. 30, 2013	Dec. 31, 2012
SBA 7(a) Loans [Member]
Financing Receivable, Impaired [Line Items]
Unpaid principal balance of our impaired SBA 7(a) loans (excluding the government guaranteed portion)	$ 455,000	$ 362,000
Commercial Loan [Member]
Financing Receivable, Impaired [Line Items]
Unpaid principal balance of our impaired commercial mortgage loans	$ 8,625,000	$ 12,703,000

Loans Receivable, net - Component of Impaired loans (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Financing Receivable, Modifications [Line Items]
Average impaired loans	$ 9,783	$ 9,885	$ 11,910	$ 8,788
Interest income on impaired loans	112	88	322	277
Commercial Mortgage Loans [Member]
Financing Receivable, Modifications [Line Items]
Average impaired loans	8,775	8,799	10,676	8,083
Interest income on impaired loans	110	84	283	266
SBA 7(a) Loans [Member]
Financing Receivable, Modifications [Line Items]
Average impaired loans	1,008	1,086	1,234	705
Interest income on impaired loans	$ 2	$ 4	$ 39	$ 11

Loans Receivable, net - Troubled Debt Restructurings (Detail) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2013 USD ($) SecurityLoan	Dec. 31, 2012 USD ($) SecurityLoan	Sep. 30, 2012 USD ($)	Dec. 31, 2011 USD ($)
Financing Receivable, Modifications [Line Items]
Loan loss reserves	$ 2,852	$ 3,413
Loan loss reserves	2,852	3,413	$ 2,067	$ 1,812
Commercial Mortgage Loans [Member]
Financing Receivable, Modifications [Line Items]
Troubled debt restructurings requiring reserves, Unpaid Principal Balance	6,649	10,531
Troubled debt restructurings without reserves, Unpaid Principal Balance	1,976	2,172
Total troubled debt restructurings, Unpaid Principal Balance	8,625	12,703
Troubled debt restructurings requiring reserves, Recorded Investment	6,203	10,049
Troubled debt restructurings without reserves, Recorded Investment	1,933	2,123
Total troubled debt restructurings, Recorded Investment	$ 8,136	$ 12,172
Number of loans \| SecurityLoan	6	8
Loan loss reserves	$ 697
Loan loss reserves		$ 1,382
SBA 7(a) Loans [Member]
Financing Receivable, Modifications [Line Items]
Troubled debt restructurings requiring reserves, Unpaid Principal Balance		846
Troubled debt restructurings without reserves, Unpaid Principal Balance
Total troubled debt restructurings, Unpaid Principal Balance		846
Troubled debt restructurings requiring reserves, Recorded Investment		854
Troubled debt restructurings without reserves, Recorded Investment
Total troubled debt restructurings, Recorded Investment		$ 854
Number of loans \| SecurityLoan		1
Loan loss reserves		$ 130

Loans Receivable, net - Troubled Debt Restructurings (Parenthetical) (Detail)	Dec. 31, 2012 USD ($)
Receivables [Abstract]
Government guaranteed portion of loan related secured borrowing on non accrual status	$ 634,000

Other Assets - Other Assets (Detail) - USD ($) $ in Thousands	Sep. 30, 2013	Dec. 31, 2012
Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Abstract]
Deferred borrowing costs, net	$ 1,555	$ 1,218
Servicing asset, net	1,527	1,261
Deferred tax asset, net	1,412	1,626
Investment in a variable interest entity	820	820
Retained interests in transferred assets	699	773
Interest receivable	689	620
Prepaid expenses and deposits	331	330
Real estate owned	56	739
Other	171	99
Other Assets, Total	$ 7,260	$ 7,486

Debt - Summary of Debt (Detail) - USD ($) $ in Thousands	Sep. 30, 2013	Dec. 31, 2012
Summary of Debt
Secured borrowings - government guaranteed loans	$ 38,035	$ 41,008
SBIC debentures payable	27,500	17,190
Junior subordinated notes	27,070	27,070
Revolving credit facility	11,900	11,900
Debt	104,505	97,168
Loans sold for premium and excess spread - principal [Member]
Summary of Debt
Secured borrowings - government guaranteed loans	$ 29,470	$ 32,062
Weighted Average Coupon Rate	4.09%	4.09%
Loans sold for a premiums and excess spread - deferred premiums [Member]
Summary of Debt
Secured borrowings - government guaranteed loans	$ 2,822	$ 3,099
Loans sold for excess spread [Member]
Summary of Debt
Secured borrowings - government guaranteed loans	$ 5,743	$ 5,847
Weighted Average Coupon Rate	1.58%	1.58%
Debentures payable [Member]
Summary of Debt
Weighted Average Coupon Rate	3.87%	4.47%
Junior subordinated notes [Member]
Summary of Debt
Weighted Average Coupon Rate	3.52%	3.61%
Revolving credit facility [Member]
Summary of Debt
Weighted Average Coupon Rate	2.75%	2.30%

Debt - Summary of Debt (Parenthetical) (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Aug. 31, 2013	Mar. 31, 2013	Sep. 30, 2013	Sep. 30, 2012	Sep. 01, 2013
Debt Instrument [Line Items]
Total debt			$ 104,505,000
Proceeds on revolving credit facility			47,800,000	$ 34,400,000
Repayments on revolving credit facility			$ 47,800,000	$ 37,200,000
Debt instrument extended maturity date			Jun. 30, 2015
Debenture [Member]
Debt Instrument [Line Items]
Total debt	$ 8,500,000	$ 6,000,000
SBIC debenture interest rate	3.64%	2.35%
Annual fees	0.76%	0.515%
Debenture maturity period			10 years
Repayment of Debentures					$ 4,190,000
Debt instrument, maturity period			Sep. 01, 2013

Debt - Principal Payments on, and Estimated Amortization on Debt (Detail) $ in Thousands	Sep. 30, 2013 USD ($)
Debt Instrument [Line Items]
2014	$ 1,215
2015	17,152
2016	1,290
2017	1,332
2018	1,375
Thereafter	82,141
Total principal payments on debt	104,505
Secured Borrowings Principal [Member]
Debt Instrument [Line Items]
2014	1,069
2015	1,106
2016	1,144
2017	1,186
2018	1,229
Thereafter	29,479
Total principal payments on debt	35,213
Secured Borrowings Deferred Premiums [Member]
Debt Instrument [Line Items]
2014	146
2015	146
2016	146
2017	146
2018	146
Thereafter	2,092
Total principal payments on debt	2,822
All Other Debt [Member]
Debt Instrument [Line Items]
2014
2015	15,900
2016
2017
2018
Thereafter	50,570
Total principal payments on debt	$ 66,470

Debt - Principal Payments on, and Estimated Amortization on Debt (Parenthetical) (Detail)	9 Months Ended
	Sep. 30, 2013
Secured Borrowings [Member]
Debt Instrument [Line Items]
Rate of cash premium	10.00%

Share-Based Compensation Plans - Additional Information (Detail) - USD ($)	1 Months Ended	3 Months Ended			9 Months Ended
	Jun. 08, 2012	Sep. 30, 2013	Mar. 31, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Mar. 14, 2013	Mar. 12, 2012
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Shares granted for option award	30,000
Exercised price of shares granted for option award	$ 7.80
Restricted shares issued to the Board of Trust Managers	5,000
Compensation expenses option award						$ 12,000
Compensation expenses shares vested						39,000
Current market price of shares issued to the Board of Trust Managers	$ 7.80
Restricted shares issued to executive officer							6,666	10,000
Current Market price of restricted shares issued to executive officer							$ 7.22	$ 7.27
Terms of Award			Restricted shares vest based on two years of continuous service with one-third of the shares vesting immediately upon issuance of the shares and one-third vesting at the end of each of the next two years.
Compensation expense		$ 8,000		$ 12,000	$ 41,000	$ 68,000
Total Unrecognized Compensation expenses restricted shares		$ 21,000			$ 21,000
Vesting period					2 years
Cost recognized to the restricted shares (in years)					2 years

Other Income - Summary of Other Income (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Other Income And Expenses [Abstract]
Prepayment fees	$ 339	$ 254	$ 389	$ 273
Servicing income	160	132	426	370
Income from Retained interests in transferred assets	42	43	123	148
Loan related income-other	33	63	113	173
Other	27	15	80	72
Other income	$ 601	$ 507	$ 1,131	$ 1,036

Discontinued Operations, Net of Tax - Summary of Discontinued Operations (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Discontinued Operations And Disposal Groups [Abstract]
Net operating losses	$ (51)	$ (146)	$ (190)	$ (416)
Impairment losses	(18)	(7)	(135)	(208)
Net losses on sales of real estate	(15)	(19)	(16)	(19)
Income tax benefit	9		18
Discontinued operations, net of tax	$ (75)	$ (172)	$ (323)	$ (643)

Discontinued Operations, Net of Tax - Additional Information (Detail) - USD ($)	1 Months Ended	9 Months Ended
	Jul. 31, 2013	Sep. 30, 2013	Sep. 30, 2012
Schedule Of Discontinued Operations [Line Items]
Estimated fair value of collateral on foreclosed loans	$ 2,300,000		$ 1,481,000
Property sold	1,175,000
Gain (loss) recorded	0
Cash Proceeds From Sale of Property	200,000	$ 965,000
Gain (loss) from sales of property	$ 0	$ (15,000)
Property One [Member]
Schedule Of Discontinued Operations [Line Items]
Property sold			1,375,000
Gain (loss) recorded			0
Cash Proceeds From Sale of Property			550,000
Gain (loss) from sales of property			0
Real estate owned acquired through foreclosure sold during the period financing amount			825,000
Other Property [Member]
Schedule Of Discontinued Operations [Line Items]
Estimated fair value of collateral on foreclosed loans			76,000
Gain (loss) from sales of property			$ (19,000)

Earnings (Loss) Per Share ("EPS") - Additional Information (Detail) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Earnings Per Share [Abstract]
Weighted average diluted shares outstanding increased	10,000	0	2,000	26,000
Stock options not exercised		113,000	69,000	69,000

Dividends Declared - Schedule of Dividends Declared (Detail) - $ / shares	3 Months Ended			9 Months Ended
	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Sep. 30, 2013
Equity [Abstract]
Record Date	Sep. 30, 2013	Jun. 28, 2013	Mar. 28, 2013
Date Paid	Oct. 07, 2013	Jul. 08, 2013	Apr. 08, 2013
Amount per share	$ 0.125	$ 0.125	$ 0.125	$ 0.375

Dividends Declared - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended			9 Months Ended
	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Sep. 30, 2013
Dividend Declared [Abstract]
Amount per share	$ 0.125	$ 0.125	$ 0.125	$ 0.375
Covenant revolving credit facility to maintain a minimum net worth to pay out returns of capital as dividends	$ 132			$ 132

Supplemental Disclosure of Cash Flow Information - Non-Cash Activities (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Supplemental Cash Flow Elements [Abstract]
Reclassification from loans receivable to real estate owned	$ 2,125	$ 1,481
Loans receivable originated to facilitate sales of real estate owned	975	$ 825
Reclassification from secured borrowings to loans receivable, net	$ 1,749

Fair Value Measurements - Impaired Loans Measured at Fair Value on Nonrecurring Basis (Detail) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2013	Dec. 31, 2012
Fair Value Disclosures [Abstract]
Impaired loans	$ 7,732	$ 11,637

Fair Value Measurements - Additional Information (Detail) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2013	Dec. 31, 2012
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Estimated fair value of real estate owned	$ 56,000	$ 739,000
Level 3 inputs [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Prepayment rate	15.00%	15.00%
Discount rate	12.40%	11.70%
Level 3 inputs [Member] \| Estimated Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Estimated fair value of retained interests	$ 699,000	$ 773,000

Fair Value Measurements - Estimated Fair Values of Financial Instruments (Detail) - USD ($) $ in Thousands	Sep. 30, 2013	Dec. 31, 2012
Assets:
SBA 7(a) loans receivable, subject to secured borrowings	$ 35,623	$ 38,349
Liabilities:
Secured borrowings-government guaranteed loans	38,035	41,008
Revolving credit facility	11,900	11,900
Junior subordinated notes	27,070	27,070
Carrying Amount [Member] \| Level 3 inputs [Member]
Assets:
Loans Receivable Subject to Credit Risk	194,429	200,642
SBA 7(a) loans receivable, subject to secured borrowings	35,623	38,349
Liabilities:
SBIC debentures	27,500	17,190
Secured borrowings-government guaranteed loans	38,035	41,008
Revolving credit facility	11,900	11,900
Junior subordinated notes	27,070	27,070
Estimated Fair Value [Member] \| Level 3 inputs [Member]
Assets:
Loans Receivable Subject to Credit Risk	176,281	181,112
SBA 7(a) loans receivable, subject to secured borrowings	39,961	43,096
Liabilities:
SBIC debentures	26,476	18,027
Secured borrowings-government guaranteed loans	38,035	41,008
Revolving credit facility	11,900	11,900
Junior subordinated notes	$ 25,184	$ 22,592

Commitments and Contingencies - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2013 USD ($) Payment Employees
Commitment And Contingencies [Line Items]
Outstanding loan commitments and approvals to fund loans	$ 28,600,000
Prime-based loans	$ 18,500,000
Lease expiration date of office space in Dallas, Texas	Feb. 01, 2015
Employment agreements with executive officer expiration date	Dec. 31, 2015
Severance compensation paid in terms of annual compensation	2.99 times the average of the last three years
Death payments in terms of annual salary paid \| Payment	2
Disability payments in terms of annual salary paid \| Payment	1
Number of employees covered under employee agreement \| Employees	2
Employment agreement term	3 years
Maximum [Member]
Commitment And Contingencies [Line Items]
Transaction fees	$ 3,400,000
CIM Urban REIT [Member]
Commitment And Contingencies [Line Items]
Termination fee	4,000,000
Reimbursable legal and due diligence costs in relation to merger	542,000
CIM Urban REIT [Member] \| Maximum [Member]
Commitment And Contingencies [Line Items]
Out-of-pocket expenses to be paid	$ 700,000

Commitments and Contingencies - Future Minimum Lease Payments (Detail) $ in Thousands	Sep. 30, 2013 USD ($)
Commitments And Contingencies Disclosure [Abstract]
2014	$ 216
2015	91
Future Minimum Lease Payments, Total	$ 307

Loans Receivable, net - Classified Loans Receivable (Detail) - USD ($) $ in Thousands	Sep. 30, 2013	Dec. 31, 2012
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross, excluding secured borrowings	$ 197,452	$ 204,218
Percentage of loan receivable in aggregate loan receivable	100.00%	100.00%
Satisfactory [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross, excluding secured borrowings	$ 184,534	$ 187,749
Percentage of loan receivable in aggregate loan receivable	93.50%	92.00%
OAEM [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross, excluding secured borrowings	$ 4,205	$ 81
Percentage of loan receivable in aggregate loan receivable	2.10%
Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross, excluding secured borrowings	$ 7,323	$ 13,043
Percentage of loan receivable in aggregate loan receivable	3.70%	6.40%
Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross, excluding secured borrowings	$ 1,390	$ 3,345
Percentage of loan receivable in aggregate loan receivable	0.70%	1.60%
Commercial Mortgage Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross, commercial mortgage loans	$ 168,789	$ 176,022
Percentage of loan receivable in aggregate loan receivable	100.00%	100.00%
Commercial Mortgage Loans [Member] \| Satisfactory [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross, commercial mortgage loans	$ 156,760	$ 159,994
Percentage of loan receivable in aggregate loan receivable	92.90%	90.90%
Commercial Mortgage Loans [Member] \| OAEM [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross, commercial mortgage loans	$ 3,920
Percentage of loan receivable in aggregate loan receivable	2.30%
Commercial Mortgage Loans [Member] \| Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross, commercial mortgage loans	$ 7,140	$ 12,917
Percentage of loan receivable in aggregate loan receivable	4.20%	7.30%
Commercial Mortgage Loans [Member] \| Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross, commercial mortgage loans	$ 969	$ 3,111
Percentage of loan receivable in aggregate loan receivable	0.60%	1.80%
SBA 7(a) Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
SBA 7(a) loans receivable, gross, excluding secured borrowings	$ 28,663	$ 28,196
Percentage of loan receivable in aggregate loan receivable	100.00%	100.00%
SBA 7(a) Loans [Member] \| Satisfactory [Member]
Financing Receivable, Recorded Investment [Line Items]
SBA 7(a) loans receivable, gross, excluding secured borrowings	$ 27,774	$ 27,755
Percentage of loan receivable in aggregate loan receivable	96.90%	98.50%
SBA 7(a) Loans [Member] \| OAEM [Member]
Financing Receivable, Recorded Investment [Line Items]
SBA 7(a) loans receivable, gross, excluding secured borrowings	$ 285	$ 81
Percentage of loan receivable in aggregate loan receivable	1.00%	0.30%
SBA 7(a) Loans [Member] \| Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
SBA 7(a) loans receivable, gross, excluding secured borrowings	$ 183	$ 126
Percentage of loan receivable in aggregate loan receivable	0.60%	0.40%
SBA 7(a) Loans [Member] \| Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
SBA 7(a) loans receivable, gross, excluding secured borrowings	$ 421	$ 234
Percentage of loan receivable in aggregate loan receivable	1.50%	0.80%