Investment in Direct Financing Leases
3 Months Ended
Mar. 31, 2012
Investment in Direct Financing Leases and Operating Leases [Abstract]  
INVESTMENT IN DIRECT FINANCING LEASES

NOTE 4 — INVESTMENT IN DIRECT FINANCING LEASES

The components of investment in direct financing leases as of March 31, 2012 and December 31, 2011 were as follows (in thousands):

 

                 
    March 31, 2012     December 31, 2011  

Minimum lease payments receivable

  $ 20,757     $ 21,487  

Estimated residual value of leased assets

    27,854       27,854  

Unearned income

    (12,870     (13,342
   

 

 

   

 

 

 

Total

  $ 35,741     $ 35,999