FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Jun. 30, 2014

FAIR VALUE OF FINANCIAL INSTRUMENTS

Schedule of estimated fair values of financial instruments not recorded at fair value on consolidated balance sheets

	June 30, 2014				December 31, 2013
	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value		Level
	(in thousands)
Assets:
Loans Receivable Subject to Credit Risk	$	153,254	$	153,362	$	—	$	—		3
SBA 7(a) loans receivable, subject to secured borrowings		40,065		40,302		—		—		3
Liabilities:
Secured borrowings—government guaranteed loans		40,234		40,234		—		—		3
Unsecured revolving lines of credit and revolving facility		288,700		288,700		164,000		164,000		3
Term note		20,000		20,000		—		—		3
Junior subordinated notes		24,871		24,871		—		—		3
Mortgages payable		227,498		234,292		231,105		231,250		3