FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Sep. 30, 2015

FAIR VALUE OF FINANCIAL INSTRUMENTS

Schedule of fair value of derivatives and their classification on consolidated balance sheets

	September 30, 2015		December 31, 2014		Level		Balance Sheet Location
	(in thousands)
Liabilities:
Forward-starting interest rate swaps	$	6,312	$	—		2	Other liabilities

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

	September 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	$	130,387	$	135,901	$	147,648	$	154,252		3
SBA 7(a) loans receivable, subject to secured borrowings		37,856		38,643		41,404		41,901		3
Commercial real estate loans		20,005		20,170		—		—		3
Liabilities:
Secured borrowings—government guaranteed loans, included in liabilities associated with assets held for sale		38,337		38,337		41,901		41,901		3
Junior subordinated notes		24,960		24,980		24,906		24,877		3
Mortgages payable		147,134		151,346		223,808		231,806		3
Unsecured credit facilities		492,000		492,000		360,000		360,000		3