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FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
3 Months Ended
Mar. 31, 2014
FAIR VALUE OF FINANCIAL INSTRUMENTS  
Schedule of estimated fair values of financial instruments not recorded at fair value on consolidated balance sheets

 

 

 
  March 31, 2014   December 31, 2013    
 
 
  Carrying
Amount
  Estimated
Fair Value
  Carrying
Amount
  Estimated
Fair Value
  Level  
 
  (In thousands)
   
 

Assets:

                               

Loans Receivable Subject to Credit Risk

  $ 166,633   $ 166,633   $   $     3  

SBA 7(a) loans receivable, subject to secured borrowings

    40,199     40,199             3  

Liabilities:

   
 
   
 
   
 
   
 
   
 
 

Secured borrowings—government guaranteed loans

    40,199     40,199             3  

Unsecured revolving lines of credit and revolving facility

    245,400     245,400     164,000     164,000     3  

Term note

    30,000     30,000             3  

Junior subordinated notes

    24,848     24,848             3  

Mortgages payable

    229,296     234,048     231,105     231,250     3