FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

Mar. 31, 2016

FAIR VALUE OF FINANCIAL INSTRUMENTS

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

	March 31, 2016		December 31, 2015		Level		Balance Sheet Location
	(in thousands)
Liabilities:
Interest rate swaps	$	10,444	$	2,519		2	Other liabilities

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

	March 31, 2016				December 31, 2015
	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value		Level
	(in thousands)
Assets held for sale:
Loans receivable subject to credit risk	$	51,099	$	51,298	$	46,456	$	46,697		3
SBA 7(a) loans receivable, subject to secured borrowings		35,133		35,602		36,646		37,121		3
Commercial real estate loans, subject to secured borrowings		40,494		40,794		20,338		20,408		3
Liabilities:
Junior subordinated notes		24,998		25,065		24,979		25,046		3
Mortgages payable		143,925		149,797		145,072		147,516		3