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Commercial Loans (Tables) | 6 Months Ended
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Jun. 30, 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) |  | June 30, 2016 |  | December 31, 2015
Pass |  | $ | 5,444 |  |  | $ | 272,768 |
Watch list |  | — |  |  | 34,279 |
Workout |  | 17,700 |  |  | — |
Total Commercial Loans Held-for-Investment |  | $ | 23,144 |  |  | $ | 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 June 30, 2016 and December 31, 2015. Table 7.1 – Classifications and Carrying Value of Commercial Loans
(In Thousands) |  | June 30, 2016 |  | December 31, 2015
Held-for-sale |  |  |  |
At fair value |  | $ | 69,720 |  |  | $ | 39,141 |
At lower of cost or fair value |  | 233,058 |  |  | — |
Held-for-investment |  |  |  |
At fair value |  | — |  |  | 67,657 |
At amortized cost |  | 22,285 |  |  | 295,849 |
Total Commercial Loans |  | $ | 325,063 |  |  | $ | 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 June 30, 2016 and December 31, 2015. Table 7.2 – Carrying Value for Commercial Loans Held-for-Investment at Amortized Cost
(In Thousands) |  | June 30, 2016 |  | December 31, 2015
Principal balance |  | $ | 23,144 |  |  | $ | 307,047 |
Unamortized discount, net |  | — |  |  | (4,096 | )
Recorded investment |  | 23,144 |  |  | 302,951 |
Allowance for loan losses |  | (859 | ) |  | (7,102 | )
Carrying Value |  | $ | 22,285 |  |  | $ | 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 and six months ended June 30, 2016 and 2015. Table 7.4 – Activity in the Allowance for Commercial Loan Losses
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
(In Thousands) |  | 2016 |  | 2015 |  | 2016 |  | 2015
Balance at beginning of period |  | $ | 7,390 |  |  | $ | 7,662 |  |  | $ | 7,102 |  |  | $ | 7,457 |
Reversal of provision for loan losses |  | (6,531 | ) |  | (261 | ) |  | (6,243 | ) |  | (56 | )
Balance at End of Period |  | $ | 859 |  |  | $ | 7,401 |  |  | $ | 859 |  |  | $ | 7,401 |
Loans Collectively Evaluated for Impairment | The following table summarizes the balances for loans collectively evaluated for impairment at June 30, 2016 and December 31, 2015. Table 7.5 – Loans Collectively Evaluated for Impairment Review
(In Thousands) |  | June 30, 2016 |  | December 31, 2015
Principal balance |  | $ | 5,444 |  |  | $ | 307,047 |
Recorded investment |  | 5,444 |  |  | 302,951 |
Related allowance |  | 136 |  |  | 7,102 |
Loans Individually Evaluated for Impairment | The following table summarizes the balances for loans individually evaluated for impairment at June 30, 2016 and December 31, 2015. Table 7.6 – Loans Individually Evaluated for Impairment Review
(In Thousands) |  | June 30, 2016 |  | December 31, 2015
Principal balance |  | $ | 17,700 |  |  | $ | — |
Recorded investment |  | 17,700 |  |  | — |
Related allowance |  | 723 |  |  | — |

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