FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Sep. 30, 2016

Fair Value Disclosures [Abstract]

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

The table below presents the fair value of our derivative financial instruments as well as their classification on our consolidated balance sheets:

	September 30, 2016		December 31, 2015		Level	Balance Sheet Location
	(in thousands)
Liabilities:
Interest rate swaps	$	9,617	$	2,519	2	Other liabilities

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

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

	September 30, 2016				December 31, 2015
	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value		Level
	(in thousands)
Assets:
Loans receivable subject to credit risk	$	39,496	$	39,452	$	43,178	$	43,508	3
SBA 7(a) loans receivable, subject to secured borrowings	29,897		30,355		36,646		37,121		3
Commercial real estate loans	41,526		41,967		20,338		20,408		3
Liabilities:
Junior subordinated notes	25,035		25,134		24,979		25,046		3
Mortgages payable	531,939		537,543		145,072		147,516		3