FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Sep. 30, 2020

Fair Value Disclosures [Abstract]

Schedule of Fair Values of Financial Instrument Not Recorded at Fair Value on a Recurring Basis

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

	September 30, 2020				December 31, 2019
	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value		Level
	(in thousands)
Assets:
SBA 7(a) loans receivable, subject to credit risk	$	31,911	$	33,296	$	26,149	$	28,041	3
SBA 7(a) loans receivable, subject to loan-backed notes	24,232		26,001		27,595		30,076		3
SBA 7(a) loans receivable, paycheck protection program	15,504		16,016		—		—		3
SBA 7(a) loans receivable, subject to secured borrowings	8,925		9,018		12,682		12,780		3
SBA 7(a) loans receivable, held for sale	8,742		9,695		1,653		1,753		3
Liabilities:
Mortgage payable	96,946		106,067		96,926		99,764		3
Junior subordinated notes	25,365		24,200		25,299		24,406		3