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Commercial Loans (Tables)

3 Months Ended

Mar. 31, 2016

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)		March 31, 2016				December 31, 2015
Pass		$	260,599			$	272,768
Watch list		44,918				34,279
Total Commercial Loans Held-for-Investment		$	305,517			$	307,047

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 March 31, 2016 and December 31, 2015.

Table 7.1 – Classifications and Carrying Value of Commercial Loans

(In Thousands)		March 31, 2016				December 31, 2015
Held-for-sale, at fair value		$	—			$	39,141
Held-for-investment
At fair value		69,674				67,657
At amortized cost		294,219				295,849
Total Commercial Loans		$	363,893			$	402,647

Carrying Value for Loans Held-for-Investment

The following table provides additional information for our commercial loans held-for-investment at amortized cost at March 31, 2016 and December 31, 2015.

Table 7.2 – Carrying Value for Commercial Loans Held-for-Investment at Amortized Cost

(In Thousands)		March 31, 2016				December 31, 2015
Principal balance		$	305,517			$	307,047
Unamortized discount, net		(3,908		)		(4,096		)
Recorded investment		301,609				302,951
Allowance for loan losses		(7,390		)		(7,102		)
Carrying Value		$	294,219			$	295,849

Summary of Activity in Allowance for Loans Losses

The following table summarizes the activity in the allowance for commercial loan losses for the three months ended March 31, 2016 and 2015.

Table 7.4 – Activity in the Allowance for Commercial Loan Losses

		Three Months Ended March 31,
(In Thousands)		2016				2015
Balance at beginning of period		$	7,102			$	7,457
Provision for loan losses		288				205
Balance at End of Period		$	7,390			$	7,662

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 March 31, 2016 and December 31, 2015.

Table 7.5 – Loans Collectively Evaluated for Impairment Review

(In Thousands)		March 31, 2016				December 31, 2015
Principal balance		$	305,517			$	307,047
Recorded investment		301,609				302,951
Related allowance		7,390				7,102

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