FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Jun. 30, 2015

FAIR VALUE OF FINANCIAL INSTRUMENTS

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

	June 30, 2015				December 31, 2014
	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value		Level
	(in thousands)
Assets held for sale:
Loans receivable subject to credit risk	$	140,385	$	146,482	$	147,648	$	154,252		3
SBA 7(a) loans receivable, subject to secured borrowings		38,793		39,596		41,404		41,901		3
Commercial real estate loans		19,673		19,639		—		—		3
Liabilities:
Secured borrowings—government guaranteed loans, included in liabilities associated with assets held for sale		39,280		39,280		41,901		41,901		3
Junior subordinated notes		24,942		24,955		24,906		24,877		3
Mortgages payable		207,702		211,953		223,808		231,806		3
Unsecured credit facilities		415,000		415,000		360,000		360,000		3