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v3.3.0.814

Fair Values (Schedule of Fair Value Measurement) (Details) $ in Thousands | 9 Months Ended | 12 Months Ended
--- | --- | ---
Sep. 30, 2015 USD ($) Loan real_estate_asset | Sep. 30, 2014 | Dec. 31, 2014 USD ($) Loan real_estate_asset
Assets and liabilities recorded at fair value |  |  |  |  |  |
Expected term |  | 1 year 9 months |  |  |  |
Recurring basis | Quoted market prices in active markets (Level 1) |  |  |  |  |  |
Assets and liabilities recorded at fair value |  |  |  |  |  |
Available-for-sale securities | [1] |  |  |  | $ 7,906 |
Recurring basis | Significant other observable inputs (Level 2) |  |  |  |  |  |
Assets and liabilities recorded at fair value |  |  |  |  |  |
Derivative assets | [1] | $ 1,755 |  |  | 6,361 |
Derivative liabilities | [1] | 426 |  |  | 478 |
Recurring basis | Significant unobservable inputs (Level 3) |  |  |  |  |  |
Assets and liabilities recorded at fair value |  |  |  |  |  |
Available-for-sale securities | [1] | 1,131 |  |  |  |
Non-recurring basis | Significant unobservable inputs (Level 3) |  |  |  |  |  |
Assets and liabilities recorded at fair value |  |  |  |  |  |
Impaired loans |  | 29,200 | [2] |  | 37,169 | [3]
Impaired real estate |  | 7,941 | [4] |  | 7,102 | [5]
Total | Recurring basis |  |  |  |  |  |
Assets and liabilities recorded at fair value |  |  |  |  |  |
Derivative assets | [1] | 1,755 |  |  | 6,361 |
Derivative liabilities | [1] | 426 |  |  | 478 |
Available-for-sale securities | [1] | 1,131 |  |  | 7,906 |
Total | Non-recurring basis |  |  |  |  |  |
Assets and liabilities recorded at fair value |  |  |  |  |  |
Impaired loans |  | 29,200 | [2] |  | 37,169 | [3]
Impaired real estate |  | 7,941 | [4] |  | 7,102 | [5]
Loans Receivable One | Non-recurring basis | Significant unobservable inputs (Level 3) |  |  |  |  |  |
Assets and liabilities recorded at fair value |  |  |  |  |  |
Impaired loans | [2] | 24,000 |  |  |  |
Loans Receivable Two | Non-recurring basis | Significant unobservable inputs (Level 3) |  |  |  |  |  |
Assets and liabilities recorded at fair value |  |  |  |  |  |
Impaired loans | [2] | $ 5,200 |  |  |  |
Discounted Cash Flow Valuation Technique | Loans Receivable One | Non-recurring basis |  |  |  |  |  |
Assets and liabilities recorded at fair value |  |  |  |  |  |
Number of Impaired Loans | Loan |  | 1 |  |  |  |
Discounted Cash Flow Valuation Technique | Loans Receivable Two | Non-recurring basis |  |  |  |  |  |
Assets and liabilities recorded at fair value |  |  |  |  |  |
Impaired loans | [2] |  |  |  | $ 8,500 |
Number of Impaired Loans | Loan |  | 1 |  |  | 1 |
Weighted average expected term |  |  |  |  | 1 year 6 months |
Discount rate (as a percent) |  |  |  |  | 4.70% |
Discounted Cash Flow Valuation Technique | Loans Receivable Three | Non-recurring basis |  |  |  |  |  |
Assets and liabilities recorded at fair value |  |  |  |  |  |
Number of Impaired Real Estate Assets | real_estate_asset |  | 1 |  |  |  |
Number of Impaired Loans | Loan |  |  |  |  | 1 |
Discounted Cash Flow Valuation Technique | Commercial Operating Properties | Non-recurring basis |  |  |  |  |  |
Assets and liabilities recorded at fair value |  |  |  |  |  |
Impaired real estate |  | $ 6,500 |  |  |  |
Discount rate (as a percent) |  | 11.00% |  |  |  |
Discounted Cash Flow Valuation Technique | Land & Development | Non-recurring basis |  |  |  |  |  |
Assets and liabilities recorded at fair value |  |  |  |  |  |
Impaired real estate |  |  |  |  | $ 7,100 |
Number of Impaired Real Estate Assets | real_estate_asset |  |  |  |  | 1 |
Discount rate (as a percent) |  |  |  |  | 15.00% |
Expected term |  |  |  | 10 years |  |
Purchase Option Valuation Technique | Commercial Operating Properties | Non-recurring basis |  |  |  |  |  |
Assets and liabilities recorded at fair value |  |  |  |  |  |
Impaired real estate |  | $ 1,400 |  |  |  |
Market Approach Valuation Technique | Loans Receivable Three | Non-recurring basis |  |  |  |  |  |
Assets and liabilities recorded at fair value |  |  |  |  |  |
Impaired loans | [2] |  |  |  | $ 5,200 |
Executed Foreclosure Sale Agreement | Loans Receivable Three | Non-recurring basis |  |  |  |  |  |
Assets and liabilities recorded at fair value |  |  |  |  |  |
Impaired loans |  |  |  |  | $ 23,500 |
Number of Impaired Loans | Loan |  |  |  |  | 1 |
[1] | The fair value of the Company's derivatives and available-for-sale securities are based upon third-party broker quotes.
[2] | The Company recorded a provision for loan losses on one loan with a fair value of $24.0 million based on the expected proceeds to be received from the borrower. The Company also recorded a provision for loan losses on one loan with a fair value of $5.2 million based on an appraisal.
[3] | The Company recorded a recovery of loan losses on one loan with a fair value of $8.5 million based on the loan's remaining term of 1.5 years and interest rate of 4.7% using discounted cash flow analysis. The Company also recorded a provision for loan losses on one loan with a fair value of $5.2 million based on an appraisal. In addition, the Company recorded a provision for loan losses on one loan, collateralized by a land asset, with a fair value of $23.5 million based upon a foreclosure sale agreement. The land asset was acquired by an unconsolidated entity in which the Company is a partner.
[4] | The Company recorded an impairment on one real estate asset with a fair value of $6.5 million based on a discount rate of 11% using discounted cash flows over a 1.75 year hold period. The Company recorded an impairment on one real estate asset with a fair value of $1.4 million based on a purchase option granted.
[5] | The Company recorded impairment on one real estate asset with a fair value of $7.1 million based on a discount rate of 15.0% using discounted cash flows over a 10 year lease term.

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