OTHER ASSETS

Other assets consist of the following:



	March 31, 2017		December 31, 2016
	(in thousands)
SBA 7(a) loans, subject to credit risk	$	41,439	$	43,623
SBA 7(a) loans, subject to secured borrowings	27,854		29,524
Other assets	22,153		19,123
	$	91,446	$	92,270

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 March 31, 2017 and December 31, 2016, 99.0% and 99.7%, respectively, of our loans were current with the remainder ($424,000 and $249,000, respectively) greater than 29 days delinquent. We classify loans with negative characteristics in substandard categories ranging from special mention to doubtful. At March 31, 2017 and December 31, 2016, $928,000 and $804,000, respectively, of loans subject to credit risk were classified in substandard categories.

At March 31, 2017 and December 31, 2016, our loans were 93.2% and 94.6%, respectively, concentrated in the hospitality industry.