LOANS RECEIVABLE (Tables)

3 Months Ended

Mar. 31, 2014

LOANS RECEIVABLE

Schedule of loans receivable

	March 31, 2014
	(in thousands)
Commercial mortgage loans	$	137,309
SBA 7(a) loans, subject to secured borrowings		40,199
SBA 7(a) loans		29,324
Net loans receivable	$	206,832

Schedule of aging of loans receivable subject to credit risk

March 31, 2014	Commercial Mortgage Loans				SBA 7(a) Loans				Totals
	(dollars in thousands)
Current	$	135,700	98.8	%	$	28,904	98.6	%	$	164,604	98.8	%
Between 29 and 59 days delinquent		475	0.4	%		420	1.4	%		895	0.5	%
Between 60 and 89 days delinquent		—	—			—	—			—	—
Over 89 days delinquent		1,134	0.8	%		—	—			1,134	0.7	%
	$	137,309	100.0	%	$	29,324	100.0	%	$	166,633	100.0	%

Schedule of classification of loans receivable subject to credit risk

March 31, 2014	Commercial Mortgage Loans		%			SBA 7(a) Loans		%			Totals		%
	(dollars in thousands)
Satisfactory	$	133,371		97.2	%	$	28,043		95.6	%	$	161,414		96.8	%
OAEM		1,962		1.4	%		—		—			1,962		1.2	%
Substandard		842		0.6	%		1,165		4.0	%		2,007		1.2	%
Doubtful		1,134		0.8	%		116		0.4	%		1,250		0.8	%
	$	137,309		100.0	%	$	29,324		100.0	%	$	166,633		100.0	%