Fair Value Measurement (Tables)

9 Months Ended

Sep. 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 Nine
		September 30,	Assets	Inputs	Inputs	Months Ended
Description		2014	(Level 1)	(Level 2)	(Level 3)	September 30, 2014
Loans measured for
impairment using the fair value
of the underlying collateral	$	2,769	-	-	2,769	1,993
Impaired real estate held-for-sale and held-for-investment		25,558	-	-	25,558	7,615
Impaired loans held for sale		8,374	-	-	8,374	3,286
Total	$	36,701	-	-	36,701	12,894

(1) Total impairments Total impairments represent the amount of losses recognized during the nine months ended September  30, 2014 on assets that were held and measured at fair value as of September  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 Nine
		September 30,	Assets	Inputs	Inputs	Months Ended
Description		2013	(Level 1)	(Level 2)	(Level 3)	September 30, 2013
Loans measured for
impairment using the fair value
of the underlying collateral	$	24,154	-	-	24,154	4,565
Impaired real estate held-for-sale and held-for-investment		48,803	-	-	48,803	2,287
Impaired loans held for sale		12,922	-	-	12,922	925
Total	$	85,879	-	-	85,879	7,777

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

Schedule Of Quantitative Fair Value Measurements

As of September 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	$	2,769	Fair Value of Collateral	Appraisal	$0.1 - $2.7 million ($0.6 million)
Impaired real estate held-for-sale and held-for-investment		25,558	Fair Value of Property	Appraisal	$0.1 - $9.0 million ($3.2 million)
Impaired loans held for sale		8,374	Fair Value of Collateral	Appraisal	$0.1  -$1.8 million ($0.3 million)
Total	$	36,701

(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 September 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	$	24,154	Fair Value of Collateral	Appraisal	$0.1 - $9.0 million ($0.4 million)
Impaired real estate held-for-sale and held-for-investment		48,803	Fair Value of Property	Appraisal	$0.1 - $12.0 million ($1.9 million)
Impaired loans held for sale		12,922	Fair Value of Collateral	Appraisal	$0.1-$2.2 million ($0.4 million)
Total	$	85,879

(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)		September 30,	September 30,	Assets	Inputs	Inputs
Description		2014	2014	(Level 1)	(Level 2)	(Level 3)
Financial assets:
Loans receivable including loans held for sale, net	$	64,816	68,693	-	-	68,693
Financial liabilities:
Notes payable		8,580	8,648	-	-	8,648
Notes payable to related parties		11,750	11,474	-	-	11,474
BB&T preferred interest in FAR		14,171	14,214	-	-	14,214

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:
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