Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2013

Fair Value Disclosures [Abstract]

Impaired Loans Measured at Fair Value on Nonrecurring Basis

For impaired loans measured at fair value on a nonrecurring basis, the following table provides the estimated fair value of the related individual assets. We used Level 3 inputs to determine the estimated fair value of our impaired loans as follows:

	September 30,		December 31,
	2013		2012
	(In thousands)
Impaired loans (1)	$	7,732	$	11,637

(1) Represents carrying value determined based on management’s assessment of the estimated 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.

Estimated Fair Values of Financial Instruments

The estimated fair values of those financial instruments which are not recorded at fair value on our consolidated balance sheets were as follows:

	September 30, 2013				December 31, 2012
	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value		Level
	(In thousands)
Assets:
Loans Receivable Subject to Credit Risk	$	194,429	$	176,281	$	200,642	$	181,112		3
SBA 7(a) loans receivable, subject to secured borrowings		35,623		39,961		38,349		43,096		3
Liabilities:
SBIC debentures		27,500		26,476		17,190		18,027		3
Secured borrowings - government guaranteed loans		38,035		38,035		41,008		41,008		3
Revolving credit facility		11,900		11,900		11,900		11,900		3
Junior subordinated notes		27,070		25,184		27,070		22,592		3