Note Receivable (Notes)

9 Months Ended

Sep. 30, 2014

Note Receivable [Abstract]

Notes Receivable

Notes Receivable

The Company had one note receivable totaling $3.8 million (including $0.1 million in accrued interest) at September 30, 2014 that was impaired due to the inability of the borrower to meet its contractual obligations. Interest income of $84 thousand was recognized on this note for the nine months ended September 30, 2014 and related to the period before the note was impaired. Management of the Company evaluated the fair value of the underlying collateral of the note and concluded that a loan loss reserve for its full value of $3.8 million was necessary at September 30, 2014.