OTHER ASSETS

Other assets consist of the following:



	December 31,
	2016		2015
	(in thousands)
SBA 7(a) loans, subject to credit risk	$	43,623	$	43,178
SBA 7(a) loans, subject to secured borrowings	29,524		36,646
Other assets	19,123		22,577
	$	92,270	$	102,401

SBA 7(a) Loans, Subject to Credit Risk—Represents the non-government guaranteed retained portion of loans originated under the SBA 7(a) Program and the government guaranteed portion of loans that have not yet been fully funded or sold.

SBA 7(a) Loans, Subject to Secured Borrowings—Represents the government guaranteed portion of loans which were sold with the proceeds received from the sale reflected as secured borrowings—government guaranteed loans. There is no credit risk associated with these loans since the SBA has guaranteed payment of the principal.

At December 31, 2016 and 2015, 99.7% and 97.6%, respectively, of our loans were current with the remainder ($249,000 and $1,812,000, respectively) greater than 29 days delinquent. We classify loans with negative characteristics in substandard categories ranging from special mention to doubtful. At December 31, 2016 and 2015, $804,000 and $1,891,000, respectively, of loans subject to credit risk were classified in substandard categories.

At December 31, 2016 and 2015, our loans were 94.6% and 94.3%, respectively, concentrated in the hospitality industry.