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Commercial Loans (Tables) | 9 Months Ended
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Sep. 30, 2015
Commercial Loans Held For Investment |
Accounts, Notes, Loans and Financing Receivable [Line Items] |
Commercial Loans Held-for-Investment by Risk Category | The following table presents the principal balance of commercial loans held-for-investment by risk category. Table 7.3 – Principal Balance of Commercial Loans Held-for-Investment by Risk Category
(In Thousands) |  | September 30, 2015 |  | December 31, 2014
Pass |  | $ | 303,462 |  |  | $ | 316,122 |
Watch list |  | 25,463 |  |  | 25,628 |
Total Commercial Loans Held-for-Investment |  | $ | 328,925 |  |  | $ | 341,750 |
Commercial Loans |
Accounts, Notes, Loans and Financing Receivable [Line Items] |
Classifications and Carrying Value of Loans | The following table summarizes the classifications and carrying value of commercial loans at September 30, 2015 and December 31, 2014. Table 7.1 – Classifications and Carrying Value of Commercial Loans
(In Thousands) |  | September 30, 2015 |  | December 31, 2014
Held-for-sale, at fair value |  | $ | 80,756 |  |  | $ | 166,234 |
Held-for-investment |  |  |  |
At fair value |  | 70,096 |  |  | 71,262 |
At amortized cost |  | 317,305 |  |  | 329,431 |
Total Commercial Loans |  | $ | 468,157 |  |  | $ | 566,927 |
Carrying Value for Loans Held-for-Investment | The following table provides additional information for our commercial loans held-for-investment at amortized cost at September 30, 2015 and December 31, 2014. Table 7.2 – Carrying Value for Commercial Loans Held-for-Investment
(In Thousands) |  | September 30, 2015 |  | December 31, 2014
Principal balance |  | $ | 328,925 |  |  | $ | 341,750 |
Unamortized discount, net |  | (4,279 | ) |  | (4,862 | )
Recorded investment |  | 324,646 |  |  | 336,888 |
Allowance for loan losses |  | (7,341 | ) |  | (7,457 | )
Carrying Value |  | $ | 317,305 |  |  | $ | 329,431 |
Summary of Activity in Allowance for Loans Losses | The following table summarizes the activity in the allowance for commercial loan losses for the three and nine months ended September 30, 2015 and 2014. Table 7.4 – Activity in the Allowance for Commercial Loan Losses
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
(In Thousands) |  | 2015 |  | 2014 |  | 2015 |  | 2014
Balance at beginning of period |  | $ | 7,401 |  |  | $ | 8,317 |  |  | $ | 7,456 |  |  | $ | 7,373 |
Charge-offs, net |  | — |  |  | — |  |  | — |  |  | — |
(Reversal of) provision for loan losses |  | (60 | ) |  | (888 | ) |  | (115 | ) |  | 56 |
Balance at End of Period |  | $ | 7,341 |  |  | $ | 7,429 |  |  | $ | 7,341 |  |  | $ | 7,429 |
Collectively Evaluated for Impairment | Commercial Loans |
Accounts, Notes, Loans and Financing Receivable [Line Items] |
Loans Evaluated for Impairment | The following table summarizes the balances for loans collectively evaluated for impairment at September 30, 2015 and December 31, 2014. Table 7.5 – Loans Collectively Evaluated for Impairment Review
(In Thousands) |  | September 30, 2015 |  | December 31, 2014
Principal balance |  | $ | 328,925 |  |  | $ | 341,750 |
Recorded investment |  | 324,646 |  |  | 336,888 |
Related allowance |  | 7,341 |  |  | 7,457 |

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