Fair Value (Tables)

9 Months Ended

Sep. 30, 2012

Fair Value

Schedule of assets measured at fair value on a recurring basis

	At September 30, 2012
(Dollars in thousands)	Level 1		Level 2		Level 3		Total
Investment securities available for sale:
Marketable equity security	$	1,435	$	—	$	—	$	1,435
Asset-backed securities	—		—		1,755		1,755
	$	1,435	$	—	$	1,755	$	3,190

	At December 31, 2011
(Dollars in thousands)	Level 1		Level 2		Level 3		Total
Investment securities available for sale:
Marketable equity security	$	1,000	$	—	$	—	$	1,000
Asset-backed security	—		—		2,798		2,798
	$	1,000	$	—	$	2,798	$	3,798

Schedule of changes to the Level 3 assets measured at fair value on a recurring basis

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
(Dollars in thousands)	2012			2011			2012			2011
Balance, beginning of period	$	2,083		$	5,858		$	2,798		$	2,605
Total realized and unrealized gains for the period included in:
Net income (loss)	(93		)	(63		)	(2		)	301
Other comprehensive income	(43		)	86			(53		)	378
Purchases	—			358			—			3,843
Sales	—			—			—			—
Issuances	—			—			—			—
Settlements	(192		)	(307		)	(988		)	(1,400		)
Foreign currency translation adjustments	—			36			—			241
Net transfers into Level 3	—			—			—			—
Balance, end of period	$	1,755		$	5,968		$	1,755		$	5,968

Schedule of fair value hierarchy and the carrying value of assets measured at fair value on a non-recurring basis

	Carrying Value at September 30, 2012
(Dollars in thousands)	Level 1		Level 2		Level 3		Total
Portfolio Assets - loans (1)	$	—	$	5,704	$	447	$	6,151
Loans receivable - SBA held for investment (1)	—		248		137		385
Real estate held for sale (2)	—		2,673		—		2,673

	Carrying Value at December 31, 2011
(Dollars in thousands)	Level 1		Level 2		Level 3		Total
Portfolio Assets - loans (1)	$	—	$	—	$	1,923	$	1,923
Loans receivable - SBA held for investment (1)	—		—		559		559
Real estate held for sale (2)	—		6,297		—		6,297
Investments in unconsolidated subsidiaries	—		—		4,567		4,567
Assets held for sale, net of related liabilities	—		2,011		—		2,011

(1)Represents the carrying value of impaired loans for which adjustments were based on the collateral value.

(2)Represents the carrying value of foreclosed real estate properties that were impaired and measured at fair value subsequent to their initial classification as foreclosed assets.

Schedule of decrease in value of certain assets measured at fair value on a non-recurring basis

	Nine Months Ended
	September 30,
(Dollars in thousands)	2012			2011
Portfolio Assets - loans (1)	$	(1,545	)	$	(279	)
Loans receivable - SBA held for investment (1)	(309		)	(361		)
Real estate held for sale (2)	(782		)	(1,166		)
Total	$	(2,636	)	$	(1,806	)

(1)Represents write-downs of loans based on the estimated fair value of the collateral for collateral-dependent loans.

(2)Represents losses on foreclosed real estate properties that were measured at fair value subsequent to their initial classification as foreclosed assets.

Schedule of carrying value and estimated fair value of financial instruments, including accrued interests (where applicable), that are not recorded at fair value in their entirety on a recurring basis

	September 30, 2012										December 31, 2011
	Carrying		Estimated Fair Value								Carrying		Estimated
(Dollars in thousands)	Amount		Level 1		Level 2		Level 3		Total		Amount		Fair Value
Cash, cash equivalents and restricted cash	$	42,926	$	42,926	$	—	$	—	$	42,926	$	36,031	$	36,031
Loan Portfolio Assets and loans receivable held for investment	88,071		—		—		117,156		117,156		135,423		173,616
SBA loans held for sale	2,838		—		3,203		—		3,203		7,614		8,353
Assets held for sale, net of related liabilities (1)	—		—		—		—		—		4,569		6,634
Notes payable and other debt obligations	117,839		—		—		117,839		117,839		189,936		189,936

(1)Comprised of Portfolio Assets, an affiliated loan receivable and an affiliated note payable (see Note 3).