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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2013
Fair Value Measurements [Abstract]  
Impaired loans measured at fair value on a nonrecurring basis
                                 
    Carrying Value at
March 31,
    Provision for
Loan Losses
Three Months Ended
March 31, (2)
 
    2013     2012     2013     2012  
    (In thousands)  

Impaired loans (1)

  $ 11,372     $ 7,644     $ 106     $ 71  
   

 

 

   

 

 

   

 

 

   

 

 

 

 

(1) Carrying value represents our impaired loans net of loan loss reserves. Our carrying value is determined based on management’s assessment of the fair value of the collateral based on numerous factors including operating statistics to the extent available, appraised value of the collateral, tax assessed value and market environment.
(2) Represents the net change in the provision for loan losses included in our consolidated statements of income (loss) related specifically to our impaired loans during the periods presented.
Estimated fair values of financial instruments
                                         
    March 31,
2013
    December 31,
2012
       
    Carrying
Amount
    Estimated
Fair
Value
    Carrying
Amount
    Estimated
Fair
Value
    Level  
    (In thousands)  

Assets:

                                       

Loans Receivable Subject to Credit Risk

  $ 203,149     $ 183,996     $ 200,642     $ 181,112       3  

SBA 7(a) loans receivable, subject to secured borrowings

    37,522       42,130       38,349       43,096       3  

Liabilities:

                                       

SBIC debentures

    23,190       23,836       17,190       18,027       3  

Secured borrowings—government guaranteed loans

    40,093       40,093       41,008       41,008       3  

Revolving credit facility

    15,200       15,200       11,900       11,900       3  

Junior subordinated notes

    27,070       22,607       27,070       22,592       3