XML 26 R86.htm IDEA: XBRL DOCUMENT v2.4.0.8
Fair Values (Schedule of Fair Value Measurement Assumptions) (Details) (Non-recurring basis, USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Loans and Other Lending Investments
Discounted Cash Flow
loans
Jun. 30, 2014
Real Estate Properties
Discounted Cash Flow
loans
Jun. 30, 2014
Significant unobservable inputs (Level 3)
Dec. 31, 2013
Significant unobservable inputs (Level 3)
Jun. 30, 2014
Significant unobservable inputs (Level 3)
Executed Settlement Agreement [Member]
Quantitative information about Level 3 fair value measures          
Number of impaired loans 1        
Impaired loans $ 35,100   $ 39,390 [1] $ 115,423 $ 4,300
Number of Impaired Real Estate Assets   1      
Fair value assumptions, expected term 2 years        
Weighted average discount rate 4.70% 10.00%      
Impaired real estate   $ 35,400 [2] $ 35,394 [2] $ 29,936  
Long-term revenue growth rate   3.00%      
Remaining inventory sell out period   1 year 6 months      
[1] The Company recorded a recovery of loan losses on one loan with a fair value of $35.1 million based on the loan's remaining term of 2.0 years and interest rate of 4.7% using discounted cash flow analysis. In addition, the Company recorded a recovery of loan losses on one loan with a fair value of $4.3 million based upon a settlement agreement executed by the borrower.
[2] The Company recorded impairment on one real estate asset with a fair value of $35.4 million based on a discount rate of 10.0%, average annual revenue growth of 3.0% and remaining inventory sell out period of 1.5 years using discounted cash flows.