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Loans Held-for-Sale
12 Months Ended
Dec. 31, 2014
Debt Disclosure [Abstract]  
Loans Held-for-Sale

4. LOANS HELD-FOR-SALE

During the first quarter of 2013, we reclassified a $6.6 million subordinate mortgage loan and its related $4.6 million provision for loan losses to loans held-for-sale. We subsequently sold this loan and recorded a $1.3 million valuation adjustment to reflect the position at its fair value based on the proceeds received from the sale. We did not have any loans classified as held-for-sale as of December 31, 2014 or 2013.