LOANS RECEIVABLE (Tables)

6 Months Ended

Jun. 30, 2014

LOANS RECEIVABLE

Schedule of loans receivable

	June 30, 2014
	(in thousands)
Commercial mortgage loans	$	120,153
SBA 7(a) loans, subject to secured borrowings		40,039
SBA 7(a) loans		32,998
Loans receivable		193,190
Deferred capitalized costs		129
Net loans receivable	$	193,319

Schedule of aging of loans receivable subject to credit risk

June 30, 2014	Commercial Mortgage Loans				SBA 7(a) Loans				Totals
	(dollars in thousands)
Current	$	119,326	99.3	%	$	32,836	99.5	%	$	152,162	99.4	%
Between 29 and 59 days delinquent		—	—			162	0.5			162	0.1
Between 60 and 89 days delinquent		—	—			—	—			—	—
Over 89 days delinquent		827	0.7			—	—			827	0.5
	$	120,153	100.0	%	$	32,998	100.0	%	$	153,151	100.0	%

Schedule of classification of loans receivable subject to credit risk

June 30, 2014	Commercial Mortgage Loans				SBA 7(a) Loans				Totals
	(dollars in thousands)
Satisfactory	$	116,527	97.0	%	$	32,368	98.1	%	$	148,895	97.2	%
OAEM		1,947	1.6			—	—			1,947	1.3
Substandard		849	0.7			539	1.6			1,388	0.9
Doubtful		830	0.7			91	0.3			921	0.6
	$	120,153	100.0	%	$	32,998	100.0	%	$	153,151	100.0	%