FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

Mar. 31, 2018

Fair Value Disclosures [Abstract]

Fair Value and Classification of Derivative Financial Instruments

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

	March 31, 2018		December 31, 2017		Level	Balance Sheet Location
	(in thousands)
Assets:
Interest rate swaps	$	2,814	$	1,631	2	Other assets

Fair Values of Financial Instrument Not Recorded at Fair Value on a Recurring Basis

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:

	March 31, 2018				December 31, 2017
	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value		Level
	(in thousands)
Assets:
Loans receivable subject to credit risk	$	48,747	$	50,412	$	58,904	$	61,277	3
SBA 7(a) loans receivable, subject to secured borrowings	21,944		22,366		21,728		22,157		3
Commercial mortgage loans	—		—		424		424		3
Liabilities:
Mortgages payable	414,806		407,997		414,760		413,819		3
Junior subordinated notes	25,153		24,308		25,133		24,162		3