Fair Value Measurement (Tables)

6 Months Ended

Jun. 30, 2014

Fair Value Measurement [Abstract]

Schedule Of Fair Value Assets Measured On Nonrecurring Basis

			Fair Value Measurements Using
			Quoted prices in			Total
			Active Markets	Significant	Significant	Impairments (1)
		As of	for Identical	Other Observable	Unobservable	For the Six
		June 30,	Assets	Inputs	Inputs	Months Ended
Description		2014	(Level 1)	(Level 2)	(Level 3)	June 30, 2014
Loans measured for
impairment using the fair value
of the underlying collateral	$	126	-	-	126	245
Impaired real estate held-for-sale and held-for-investment		11,604	-	-	11,604	2,428
Impaired loans held for sale		5,292	-	-	5,292	404
Total	$	17,022	-	-	17,022	3,077

(1) Total impairments represent the amount of losses recognized during the six months ended June 30, 2014 on assets that were held and measured at fair value as of June 30, 2014.

			Fair Value Measurements Using
			Quoted prices in			Total
			Active Markets	Significant	Significant	Impairments (1)
		As of	for Identical	Other Observable	Unobservable	For the Six
		June 30,	Assets	Inputs	Inputs	Months Ended
Description		2013	(Level 1)	(Level 2)	(Level 3)	June 30, 2013
Loans measured for
impairment using the fair value
of the underlying collateral	$	19,279	-	-	19,279	4,080
Impaired real estate held-for-sale and held-for-investment		25,076	-	-	25,076	3,776
Impaired loans held for sale		14,653	-	-	14,653	1,190
Total	$	59,008	-	-	59,008	9,046

(1) Total impairments represent the amount of losses recognized during the six months ended June 30, 2013 on assets that were held and measured at fair value as of June 30, 2013.

Schedule Of Quantitative Fair Value Measurements

As of June 30, 2014		Fair	Valuation	Unobservable
Description		Value	Technique	Inputs	Range (Average) (1)(2)
Loans measured for
impairment using the fair value
of the underlying collateral	$	126	Fair Value of Collateral	Appraisal	$0.1 - $0.4 million ($0.2 million)
Impaired real estate held-for-sale and held-for-investment		11,604	Fair Value of Property	Appraisal	$0.1 - $9.0 million ($1.7 million)
Impaired loans held for sale		5,292	Fair Value of Collateral	Appraisal	$0.1 -$0.7 million ($0.1 million)
Total	$	17,022

(1)  Range and average appraised values were reduced by costs to sell.

(2)  Average was computed by dividing the aggregate appraisal amounts by the number of appraisals.

As of June 30, 2013		Fair	Valuation	Unobservable
Description		Value	Technique	Inputs	Range (Average) (1)(2)
Loans measured for
impairment using the fair value
of the underlying collateral	$	19,279	Fair Value of Collateral	Appraisal	$0.1 - $9.0 million ($0.4 million)
Impaired real estate held-for-sale and held-for-investment		25,076	Fair Value of Property	Appraisal	$0.1 - $11.8 million ($1.8 million)
Impaired loans held for sale		14,653	Fair Value of Collateral	Appraisal	$0.1 -$2.2 million ($0.4 million)
Total	$	59,008

(1)  Range and average appraised values were reduced by costs to sell.

(2)  Average was computed by dividing the aggregate appraisal amounts by the number of appraisals.

Schedule Of Fair Value By Balance Sheet Grouping

				Fair Value Measurements Using
		Carrying		Quoted prices in
		Amount	Fair Value	Active Markets	Significant	Significant
		As of	As of	for Identical	Other Observable	Unobservable
(in thousands)		June 30,	June 30,	Assets	Inputs	Inputs
Description		2014	2014	(Level 1)	(Level 2)	(Level 3)
Financial assets:
Cash and interest bearing
deposits in banks	$	47,881	47,881	47,881	-	-
Loans receivable including loans held for sale, net		86,171	89,383	-	-	89,383
Financial liabilities:
Notes payable		16,871	17,356	-	-	17,356
Notes payable to related parties		11,750	11,336	-	-	11,336
BB&T preferred interest in FAR		26,986	27,059	-	-	27,059

The following table presents the fair value of the Company’s financial instruments as of December 31, 2013:

				Fair Value Measurements Using
		Carrying		Quoted prices in
		Amount	Fair Value	Active Markets	Significant	Significant
		As of	As of	for Identical	Other Observable	Unobservable
(in thousands)		December 31,	December 31,	Assets	Inputs	Inputs
Description		2013	2013	(Level 1)	(Level 2)	(Level 3)
Financial assets:
Cash and interest bearing
deposits in banks	$	43,138	43,138	43,138	-	-
Loans receivable including loans held for sale, net		126,072	131,853	-	-	131,853
Financial liabilities:
Notes payable		9,034	9,716	-	-	9,716
Notes payable to related parties		21,662	21,419			21,419
BB&T preferred interest in FAR		68,517	69,032	-	-	69,032