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Fair Values (Tables)
 9 Months Ended
Sep. 30, 2014
Fair Value Disclosures [Abstract]  
Schedule of assets and liabilities recorded at fair value on a recurring and non-recurring basis by levels
The following fair value hierarchy table summarizes the Company's assets and liabilities recorded at fair value on a recurring and non-recurring basis by the above categories ($ in thousands):
 
 
 
Fair Value Using
 
Total
 
Quoted market
prices in
active markets
(Level 1)
 
Significant other
observable
inputs
(Level 2)
 
Significant
unobservable
inputs
(Level 3)
As of September 30, 2014
 
 
 
 
 
 
 
Recurring basis:
 
 
 
 
 
 
 
Derivative assets
$
11,751

 
$
—

 
$
11,751

 
$
—

Derivative liabilities
497

 
—

 
497

 
—

Non-recurring basis:
 
 
 
 
 
 
 
Impaired loans(1)
28,269

 
—

 
—

 
28,269

Impaired real estate(2)
25,544

 
—

 
—

 
25,544

As of December 31, 2013
 
 
 
 
 
 
 
Recurring basis:
 
 
 
 
 
 
 
Derivative assets
$
11,175

 
$
—

 
$
11,175

 
$
—

Derivative liabilities
1,653

 
—

 
1,653

 
—

Non-recurring basis:
 
 
 
 
 
 
 
Impaired loans
115,423

 
—

 
—

 
115,423

Impaired real estate
35,680

 
—

 
5,744

 
29,936


Explanatory Notes:
_______________________________________________________________________________

(1)
The Company recorded a recovery of loan losses on one loan with a fair value of $28.3 million based on the loan's remaining term of 1.75 years and interest rate of 4.7% using discounted cash flow analysis.
(2)
The Company recorded impairment on one real estate asset with a fair value of $18.0 million based on a discount rate of 16.0%, average annual revenue growth of 2.2% and remaining inventory sell out period of 6.5 years using discounted cash flows. In addition, the Company recorded impairment on one real estate asset with a fair value of $7.5 million based on a discount rate of 13.0%, average annual revenue growth of 4.0% and remaining inventory sell out period of 6.0 years using discounted cash flows.