Loans Receivable (Tables)

12 Months Ended

Dec. 31, 2013



		December 31,
		2013	2012
Commercial non-real estate	$	3,331	12,006
Commercial real estate:
Residential		12,132	62,523
Other		50,805	151,524
Consumer		8,618	16,907
Residential:
Residential-interest only		-	17,798
Residential-amortizing		53	36,999
Total gross loans		74,939	297,757
Adjustments:
Premiums, discounts and net deferred fees		-	116
Allowance for loan losses		(2,713)	(5,311)
Loans receivable -- net	$	72,226	292,562

Summary Of Geographic Concentrations Based On Outstanding Loans Balances



	December 31,
	2013	2012
Florida	100%	85%
Eastern U.S.A.	0%	10%
Western U.S.A.	0%	5%
Central U.S.A.	0%	0%
	100%	100%

Recorded Investment (Unpaid Principal Balance Less Charge-Offs And Deferred Fees) Of Non-Accrual Loans Receivable And Loans Held For Sale



		December 31,
Loan Class		2013	2012
Commercial non-real estate	$	3,331	3,362
Commercial real estate:
Residential		11,135	60,937
Other		34,405	79,014
Consumer		2,972	7,859
Residential:
Interest only		-	16,115
Amortizing		53	28,507
Total nonaccrual loans	$	51,896	195,794

Age Analysis Of The Past Due Recorded Investment In Loans Receivable And Loans Held For Sale



							Total
		31-59 Days	60-89 Days	90 Days	Total		Loans
December 31, 2013		Past Due	Past Due	or More (1)	Past Due	Current	Receivable
Commercial non-real estate	$	-	-	2,269	2,269	1,062	3,331
Commercial real estate:
Residential		-	-	2,745	2,745	9,387	12,132
Other		-	-	19,984	19,984	30,821	50,805
Consumer		317	293	2,480	3,090	5,528	8,618
Residential:
Residential-interest only		-	-	-	-	-	-
Residential-amortizing		-	-	53	53	-	53
Total	$	317	293	27,531	28,141	46,798	74,939


							Total
		31-59 Days	60-89 Days	90 Days	Total		Loans
December 31, 2012		Past Due	Past Due	or More (1)	Past Due	Current	Receivable
Commercial non-real estate	$	2,411	-	3,362	5,773	6,233	12,006
Commercial real estate:
Residential		842	1,716	50,634	53,192	9,331	62,523
Other		-	5,843	30,102	35,945	115,579	151,524
Consumer		677	524	7,165	8,366	8,541	16,907
Residential:
Residential-interest only		397	-	16,115	16,512	1,286	17,798
Residential-amortizing		984	1,520	28,052	30,556	6,443	36,999
Total	$	5,311	9,603	135,430	150,344	147,413	297,757

(1) The Company had no loans that were past due greater than 90 days and still accruing as of December 31, 2013 or 2012.

Activity In The Allowance For Loan Losses By Portfolio



		Commercial	Commercial
		Non-Real	Real	Small
		Estate	Estate	Business	Consumer	Residential	Total
Allowance for Loan Losses:
Beginning balance	$	1,735	1,869	-	1,261	446	5,311
Charge-off :		-	(3,976)	-	(2,516)	(4,375)	(10,867)
Recoveries :		10,241	36,824	257	2,225	2,587	52,134
Provision :		(11,022)	(34,490)	(257)	562	1,342	(43,865)
Ending balance	$	954	227	-	1,532	-	2,713
Ending balance individually
evaluated for impairment	$	954	-	-	-	-	954
Ending balance collectively
evaluated for impairment		-	227	-	1,532	-	1,759
Total	$	954	227	-	1,532	-	2,713
Loans receivable:
Ending balance individually
evaluated for impairment	$	3,331	45,540	-	2,207	53	51,131
Ending balance collectively
evaluated for impairment	$	-	17,397	-	6,411	-	23,808
Total	$	3,331	62,937	-	8,618	53	74,939
Proceeds from loan sales	$	2,390	1,100	-	-	-	3,490
Transfer to loans held for sale	$	-	-	-	4,176	38,222	42,398
Transfer from loans held for sale	$	-	-	-	-	1,312	1,312

The activity in the allowance for loan losses by portfolio segment for the year ended December 31, 2012 was as follows (in thousands):



		Commercial	Commercial
		Non-Real	Real	Small
		Estate	Estate	Business	Consumer	Residential	Total
Allowance for Loan Losses:
Beginning balance	$	16,407	67,053	7,168	22,554	16,705	129,887
Charge-off :		(19,237)	(55,686)	(3,991)	(9,793)	(14,658)	(103,365)
Recoveries :		893	7,435	487	1,424	2,563	12,802
Provision :		5,569	(7,839)	244	2,778	1,653	2,405
Transfer to held for sale
- BB&T Transaction:		(1,897)	(9,164)	(4,454)	(20,639)	(12,491)	(48,645)
Discontinued operations provision		-	70	546	4,937	6,674	12,227
Ending balance	$	1,735	1,869	-	1,261	446	5,311
Ending balance individually
evaluated for impairment	$	784	837	-	-	-	1,621
Ending balance collectively
evaluated for impairment		951	1,032	-	1,261	446	3,690
Total	$	1,735	1,869	-	1,261	446	5,311
Loans receivable:
Ending balance individually
evaluated for impairment	$	3,362	173,917	-	7,859	44,621	229,759
Ending balance collectively
evaluated for impairment	$	8,644	40,130	-	9,048	10,176	67,998
Total	$	12,006	214,047	-	16,907	54,797	297,757
Proceeds from loan sales	$	- -	5,864	- -	-	-	5,864
Transfer to held for sale
- BB&T Transaction:	$	60,398	304,668	234,228	502,221	811,060	1,912,575
Transfer to held for sale	$	- -	20,722	19,069	- -	-	39,791
Transfer from loans held for sale	$	-	-	-	-	14,185	14,185

The activity in the allowance for loan losses by portfolio segment for the year ended December 31, 2011 was as follows (in thousands):



		Commercial	Commercial
		Non-Real	Real	Small
		Estate	Estate	Business	Consumer	Residential	Total
Allowance for Loan Losses:
Beginning balance	$	10,786	83,859	11,514	32,043	23,937	162,139
Charge-off :		(8,205)	(43,266)	(8,083)	(26,894)	(25,301)	(111,749)
Recoveries :		1,140	1,272	1,090	2,308	2,049	7,859
Provision :		12,686	25,188	-	-	-	37,874
Transfer to held for sale:		-	-	-	-	-	-
Discontinued operations provision:		-	-	2,647	15,097	16,020	33,764
Ending balance	$	16,407	67,053	7,168	22,554	16,705	129,887
Ending balance individually
evaluated for impairment		15,408	52,561	761	1,071	6,867	76,668
Ending balance collectively
evaluated for impairment		999	14,492	6,407	21,483	9,838	53,219
Total		16,407	67,053	7,168	22,554	16,705	129,887
Loans receivable:
Ending balance individually
evaluated for impairment	$	22,888	269,753	1,578	11,220	65,488	370,927
Ending balance collectively
evaluated for impairment	$	95,257	410,753	283,176	547,363	868,036	2,204,585
Total		118,145	680,506	284,754	558,583	933,524	2,575,512
Purchase of loans	$	- -	-	- -	-	15,259	15,259
Proceeds from loan sales	$	- -	35,415	-	-	19,495	54,910
Transfers to held for sale	$	-	53,380	-	-	25,072	78,452

Impaired Loans



		As of December 31, 2013			As of December 31, 2012
			Unpaid			Unpaid
		Recorded	Principal	Related	Recorded	Principal	Related
		Investment	Balance	Allowance	Investment	Balance	Allowance
With a related allowance recorded:
Commercial non-real estate	$	3,001	4,472	954	3,032	3,287	784
Commercial real estate:
Residential		-	-	-	637	2,172	1
Other		-	-	-	27,558	39,194	836
Consumer		920	2,228	920	-	-	-
Residential:
Residential-interest only		-	-	-	-	-	-
Residential-amortizing		-	-	-	-	-	-
Total with allowance recorded	$	3,921	6,700	1,874	31,227	44,653	1,621
With no related allowance recorded:
Commercial non-real estate	$	330	634	-	330	634	-
Commercial real estate:
Residential		11,135	20,529	-	60,833	117,700	-
Other		34,405	58,657	-	82,555	114,995	-
Consumer		7,165	8,730	-	16,050	20,501	-
Residential:
Residential-interest only		-	-	-	16,421	28,808	-
Residential-amortizing		53	189	-	31,896	48,820	-
Total with no allowance recorded	$	53,088	88,739	-	208,085	331,458	-
Total:
Commercial non-real estate	$	3,331	5,106	954	3,362	3,921	784
Commercial real estate		45,540	79,186	-	171,583	274,061	837
Consumer		8,085	10,958	920	16,050	20,501	-
Residential		53	189	-	48,317	77,628	-
Total	$	57,009	95,439	1,874	239,312	376,111	1,621

Average Recorded Investment And Interest Income Recognized On Impaired Loans



		For the Year Ended		For the Year Ended
		December 31, 2013		December 31, 2012
		Average Recorded	Interest Income	Average Recorded	Interest Income
		Investment	Recognized	Investment	Recognized
With an allowance recorded:
Commercial non-real estate	$	3,015	119	3,032	137
Commercial real estate:
Residential		-	-	637	-
Other		-	2	27,622	1,068
Consumer		1,040	-	-	-
Residential:
Residential-interest only		-	-	-	-
Residential-amortizing		-	-	-	-
Total with allowance recorded	$	4,055	121	31,291	1,205
With no related allowance recorded:
Commercial non-real estate	$	330	-	330	-
Commercial real estate:
Residential		12,467	555	55,989	806
Other		35,057	723	83,695	4,067
Consumer		7,118	200	17,887	282
Residential:
Residential-interest only		-	-	20,520	-
Residential-amortizing		55	-	36,256	177
Total with no allowance recorded	$	55,027	1,478	214,677	5,332

Commercial non-real estate	$	3,345	119	3,362	137
Commercial real estate		47,524	1,280	167,943	5,941
Consumer		8,158	200	17,887	282
Residential		55	-	56,776	177
Total	$	59,082	1,599	245,968	6,537

Impaired loans and the average recorded investment and interest income recognized on impaired loans as of December 31, 2011 (in thousands):



		As of December 31, 2011
			Unpaid		Average
		Recorded	Principal	Related	Recorded	Interest
		Investment	Balance	Allowance	Investment	Income
With a related allowance recorded:
Commercial non-real estate	$	17,792	17,792	15,408	16,364	246
Commercial real estate:
Residential		64,841	70,780	20,986	79,833	1,983
Other		137,937	156,908	31,596	115,342	2,029
Small business:
Real estate		6,499	6,499	85	7,443	-
Non-real estate		1,339	1,339	776	1,644	-
Consumer		15,951	17,502	1,454	17,203	-
Residential:
Residential-interest only		15,441	20,667	2,982	14,513	-
Residential-amortizing		20,554	24,545	3,960	16,877	-
Total with allowance recorded	$	280,354	316,032	77,247	269,219	4,258
With no related allowance recorded:
Commercial non-real estate	$	5,922	5,922	-	8,623	33
Commercial real estate:
Residential		22,562	67,586	-	19,284	8
Other		44,682	89,626	-	62,747	909
Small business:
Real estate		10,265	12,007	-	9,800	-
Non-real estate		792	1,107	-	630	-
Consumer		9,719	13,246	-	9,678	391
Residential:
Residential-interest only		10,841	21,122	-	13,286	-
Residential-amortizing		22,390	33,576	-	21,543	107
Total with no allowance recorded	$	127,173	244,192	-	145,591	1,448
Total:
Commercial non-real estate	$	23,714	23,714	15,408	24,987	279
Commercial real estate		270,022	384,900	52,582	277,206	4,929
Small business		18,895	20,952	861	19,517	-
Consumer		25,670	30,748	1,454	26,881	391
Residential		69,226	99,910	6,942	66,219	107
Total	$	407,527	560,224	77,247	414,810	5,706

Accruing and non-accruing commercial loans by class

The following table presents the amount of accruing and non-accruing commercial loans by class as of December 31, 2013 (in thousands): (



		Commercial		Other
		Non	Commercial	Commercial
		Real Estate	Residential	Real Estate
Accruing	$	-	997	16,400
Non-accruing		3,331	11,135	34,405
Total	$	3,331	12,132	50,805

The following table presents the amount of accruing and non-accruing commercial loans by class as of December 31, 2012 (in thousands):



		Commercial		Other
		Non	Commercial	Commercial
		Real Estate	Residential	Real Estate
Accruing	$	8,644	1,586	72,510
Non-accruing		3,362	60,937	79,014
Total	$	12,006	62,523	151,524

FICO scores of consumer loans



		Consumer Loans
		December 31,	December 31,
FICO Scores		2013 (1)	2012 (2)
Unavailable	$	190	233
<500		102	449
500-619		5,739	10,241
620-679		1,001	2,531
>679		1,586	3,453
	$	8,618	16,907

(1) FICO scores for the majority of the portfolio were obtained during the fourth quarter of 2013.

(2) FICO scores for the majority of the portfolio were obtained during the fourth quarter of 2012.

Schedule Of Troubled Debt Restructurings

	For the Years Ended
	December 31, 2012			December 31, 2011
			Recorded			Recorded
	Number		Investment	Number		Investment
Troubled Debt Restructurings
Commercial non-real estate	-	$	-	9	$	8,225
Commercial real estate:
Residential	-		-	6		30,801
Other	-		-	10		52,955
Small business:
Real estate	-		-	5		1,905
Non-real estate	-		-	-		-
Consumer	1		47	10		742
Residential:
Residential-interest only	-		-	1		549
Residential-amortizing	1		62	22		3,567
Total Troubled Debt Restructured	2	$	109	63	$	98,744

There were no loans modified in troubled debt restructurings since January 1, 2012 that experienced a payment default during the year ended December 31, 2013. The following table represents the recorded investment of loans that were modified in troubled debt restructurings beginning January 1, 2011 and 2010 and experienced a payment default during the years ended December 31, 2012 and 2011 (dollars in thousands):



	For the Years Ended
	December 31, 2012			December 31, 2011
			Recorded			Recorded
	Number		Investment	Number		Investment
Troubled Debt Restructurings which
have subsequently defaulted:
Commercial non-real estate	-	$	-	3	$	2,209
Commercial real estate:
Residential	4		5,465	2		6,880
Other	2		21,912	9		18,830
Small business:
Real estate	-		-	4		981
Non-real estate	-		-	-		-
Consumer	-		-	7		527
Residential:
Residential-interest only	-		-	1		547
Residential-amortizing	9		627	6		1,115
Total Troubled Debt Restructured	15	$	28,004	32	$	31,089