2.2.0.7 false Commercial Lending Assets and Credit Quality 0205 - Disclosure - Commercial Lending Assets and Credit Quality true false false false 1 USD false false USD Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 EPS Divide http://www.xbrl.org/2003/iso4217 USD iso4217 http://www.xbrl.org/2003/instance shares xbrli 0 Shares Standard http://www.xbrl.org/2003/instance shares xbrli 0 $ 2 Commercial Lending Assets And Credit Quality [Abstract] 0 cse_CommercialLendingAssetsAndCreditQualityAbstract cse false na duration Commercial lending assets and credit quality. false false false false false true false false false false false false 1 false false false false 0 0 false false false xbrli:stringItemType string Commercial lending assets and credit quality. false 3 Commercial Lending Assets and Credit Quality 1 cse_CommercialLendingAssetsAndCreditQualityTextBlock cse false na duration The entire Commercial Lending Assets and Credit Quality footnote, which may include descriptions of the components of... false false false false false false false false false false false verboselabel false 1 false false false false 0 0 Note 5. Commercial Lending Assets and Credit Quality As of September 30, 2010 and December 31, 2009, our commercial lending assets had an outstanding balance of $6.6 billion and $8.8 billion, respectively. Included in these amounts were loans held for investment, loans held for sale, and a commercial real estate participation interest (“the “A” Participation Interest”). As of September 30, 2010 and December 31, 2009, interest and fee receivables totaled $56.9 million and $83.3 million, respectively. Commercial Real Estate “A” Participation Interest As of September 30, 2010, the carrying value of the “A” Participation Interest was $5.4 million, representing our share of a $2.4 billion pool of commercial real estate loans and related assets. The “A” Participation Interest was fully paid off in October 2010.  The activity with respect to the “A” Participation Interest for the nine months ended September 30, 2010 was as follows ($ in thousands):<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 623px; text-align:left;border-color:#000000;min-width:623px;">“A” Participation Interest as of December 31, 2009</td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;">$</td><td style="width: 85px; text-align:right;border-color:#000000;min-width:85px;">530,560</td></tr><tr style="height: 17px"><td style="width: 623px; text-align:left;border-color:#000000;min-width:623px;">Principal payments </td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 85px; text-align:right;border-color:#000000;min-width:85px;">(534,675)</td></tr><tr style="height: 17px"><td style="width: 623px; text-align:left;border-color:#000000;min-width:623px;">Discount accretion </td><td style="width: 12px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 85px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:85px;">9,524</td></tr><tr style="height: 18px"><td style="width: 623px; text-align:left;border-color:#000000;min-width:623px;">“A” Participation Interest as of September 30, 2010</td><td style="width: 12px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:12px;">$</td><td style="width: 85px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:85px;">5,409</td></tr></table></div>The “A” Participation Interest is reported at the outstanding principal balance less the associated discount. Interest income on the “A” Participation Interest is accrued as earned and recorded as a component of interest income on loans in our consolidated statements of operations. The discount is accreted into interest income over the estimated life of the instrument using the interest method. During the three and nine months ended September 30, 2010, we recognized $1.7 million and $12.9 million, respectively, in interest income (including accretion) on the “A” Participation Interest, and during the three and nine months ended September 30, 2009, we recognized $10.7 million and $35.3 million, respectively, in interest income (including accretion) on the “A” Participation Interest. As of September 30, 2010 and December 31, 2009, no allowance for loan losses was deemed necessary with respect to the “A” Participation Interest. Loans Held for Sale Loans held for sale are recorded at the lower of cost or fair value in our consolidated balance sheets. During the three and nine months ended September 30, 2010, we recognized net pre-tax losses on the sale of loans of $3.8 million. During the three and nine months ended September 30, 2009, we recognized a net pre-tax loss of $7.7 million and $10.7 million, respectively, on the sale of loans.  Our analysis to determine when to sell a loan is performed on a loan-by-loan basis and considers several factors, including the credit quality of the loan, any financing secured by the loan and any requirements related to the release of liens and use of sales proceeds, the potential sale price relative to our loan valuation, our liquidity needs, and the resources necessary to ensure an adequate recovery if we continued to hold the loan. When our analysis indicates that the proper strategy is to sell a loan, we initiate the sale process and designate the loan as held for sale.  During the three months ended September 30, 2010, we transferred loans held for investment with a carrying value of $40.1 million, including impaired loans with a carrying value of $37.2 million, to loans held for sale based on management's intent with respect to the loans, resulting in $1.2 million in losses due to valuation adjustments and $0.9 million in additional provision for loan losses, respectively. We also reclassified $49.5 million of loans from held for sale to held for investment during the three months ended September 30, 2010. During the nine months ended September 30, 2010, we transferred loans held for investment with a carrying value of $132.9 million to loans held for sale, including impaired loans with a carrying value of $92.3 million, which were transferred based on our decision to sell these loans as part of an overall workout strategy and loans with a carrying value of $31.8 million, which were transferred as part of a sale of loan participations to a third party in conjunction with the transaction surrounding the 2006-A term debt securitization (the “2006-A Trust”). These transfers resulted in $8.7 million in losses due to valuation adjustments and $4.0 million in additional provision for loan losses, respectively, for the nine months ended September 30, 2010.  We recorded no fair value write-downs on non-accrual loans held for sale during the three months ended September 30, 2010 and 2009, and we recorded $5.6 million and $21,000 of fair value write-downs on non-accrual loans held for sale during the nine months ended September 30, 2010 and 2009, respectively. Loans Held for Investment Loans held for investment are recorded at the principal amount outstanding, net of deferred loan costs or fees and any discounts received or premiums paid on purchased loans. We maintain an allowance for loan losses for loans held for investment, which is calculated based on management's estimate of incurred loan losses inherent in our loan portfolio as of the balance sheet date. Activity in the allowance for loan losses related to our loans held for investment for the three and nine months ended September 30, 2010 and 2009, respectively, was as follows: <div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 303px; text-align:left;border-color:#000000;min-width:303px;"> </td><td colspan="5" style="width: 205px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:205px;">Three Months Ended September 30,</td><td style="width: 23px; text-align:left;border-color:#000000;min-width:23px;"> </td><td colspan="5" style="width: 198px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:198px;">Nine Months Ended September 30,</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td></tr><tr style="height: 17px"><td style="width: 303px; text-align:left;border-color:#000000;min-width:303px;"> </td><td colspan="2" style="width: 96px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:96px;">2010</td><td style="width: 13px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:13px;"> </td><td colspan="2" style="width: 96px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:96px;">2009</td><td style="width: 23px; text-align:left;border-color:#000000;min-width:23px;"> </td><td colspan="2" style="width: 92px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:92px;">2010</td><td style="width: 14px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:14px;"> </td><td colspan="2" style="width: 92px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:92px;">2009</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td></tr><tr style="height: 17px"><td style="width: 303px; text-align:left;border-color:#000000;min-width:303px;"> </td><td colspan="11" style="width: 426px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:426px;">($ in thousands)</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td></tr><tr style="height: 17px"><td style="width: 303px; text-align:left;border-color:#000000;min-width:303px;">Balance as of beginning of period </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">$</td><td style="width: 83px; text-align:right;border-color:#000000;min-width:83px;"> 578,633</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">$</td><td style="width: 83px; text-align:right;border-color:#000000;min-width:83px;"> 447,728</td><td style="width: 23px; text-align:left;border-color:#000000;min-width:23px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">$</td><td style="width: 80px; text-align:right;border-color:#000000;min-width:80px;"> 586,696</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">$</td><td style="width: 80px; text-align:right;border-color:#000000;min-width:80px;"> 423,844</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td></tr><tr style="height: 17px"><td style="width: 303px; text-align:left;border-color:#000000;min-width:303px;">Charge offs</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 83px; text-align:right;border-color:#000000;min-width:83px;"> (59,861)</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 83px; text-align:right;border-color:#000000;min-width:83px;"> (111,273)</td><td style="width: 23px; text-align:left;border-color:#000000;min-width:23px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 80px; text-align:right;border-color:#000000;min-width:80px;"> (296,663)</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 80px; text-align:right;border-color:#000000;min-width:80px;"> (409,042)</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td></tr><tr style="height: 17px"><td style="width: 303px; text-align:left;border-color:#000000;min-width:303px;">Recoveries</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 83px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:83px;"> 275</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"> </td><td style="width: 83px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:83px;"> -</td><td style="width: 23px; text-align:left;border-color:#000000;min-width:23px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 80px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:80px;"> 578</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 80px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:80px;"> 11,504</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td></tr><tr style="height: 17px"><td style="width: 303px; text-align:left;border-color:#000000;min-width:303px;">Net charge offs(1)</td><td style="width: 13px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 83px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:83px;"> (59,586)</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:13px;"> </td><td style="width: 83px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:83px;"> (111,273)</td><td style="width: 23px; text-align:left;border-color:#000000;min-width:23px;"> </td><td style="width: 12px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 80px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:80px;"> (296,085)</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 12px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 80px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:80px;"> (397,538)</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td></tr><tr style="height: 17px"><td style="width: 303px; text-align:left;border-color:#000000;min-width:303px;">Chargeoffs upon transfer to held for sale</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 83px; text-align:right;border-color:#000000;min-width:83px;"> (26,042)</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"> </td><td style="width: 83px; text-align:right;border-color:#000000;min-width:83px;"> (23,400)</td><td style="width: 23px; text-align:left;border-color:#000000;min-width:23px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 80px; text-align:right;border-color:#000000;min-width:80px;"> (41,808)</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 80px; text-align:right;border-color:#000000;min-width:80px;"> (23,400)</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td></tr><tr style="height: 17px"><td style="width: 303px; text-align:left;border-color:#000000;min-width:303px;">Deconsolidation of 2006-A Trust</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 83px; text-align:right;border-color:#000000;min-width:83px;"> (138,134)</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"> </td><td style="width: 83px; text-align:right;border-color:#000000;min-width:83px;"> -</td><td style="width: 23px; text-align:left;border-color:#000000;min-width:23px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 80px; text-align:right;border-color:#000000;min-width:80px;"> (138,134)</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 80px; text-align:right;border-color:#000000;min-width:80px;"> -</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td></tr><tr style="height: 17px"><td style="width: 303px; text-align:left;border-color:#000000;min-width:303px;">Provision for loan losses</td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 83px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:83px;"> 38,771</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:13px;"> </td><td style="width: 83px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:83px;"> 204,350</td><td style="width: 23px; text-align:left;border-color:#000000;min-width:23px;"> </td><td style="width: 12px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 80px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:80px;"> 282,973</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 12px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 80px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:80px;"> 514,499</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td></tr><tr style="height: 17px"><td style="width: 303px; text-align:left;border-color:#000000;min-width:303px;">Balance as of end of period </td><td style="width: 13px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:13px;">$</td><td style="width: 83px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:83px;"> 393,642</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 13px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:13px;">$</td><td style="width: 83px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:83px;"> 517,405</td><td style="width: 23px; text-align:left;border-color:#000000;min-width:23px;"> </td><td style="width: 12px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:12px;">$</td><td style="width: 80px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:80px;"> 393,642</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 12px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:12px;">$</td><td style="width: 80px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:80px;"> 517,405</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td></tr></table></div>____________ (1)       Includes $11.4 million and $17.5 million, respectively, in charge offs related to loans in the 2006-A Trust for the three and nine months ended September 30, 2009 and $68.8 million in charge offs related to loans in the 2006-A Trust for the nine months ended September 30, 2010. Non-performing Loans The outstanding unpaid principal balances of non-performing loans in our loan portfolio as of September 30, 2010 and December 31, 2009 were as follows:<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 28px"><td style="width: 520px; text-align:left;border-color:#000000;min-width:520px;"> </td><td colspan="2" style="width: 92px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:92px;">September 30, 2010</td><td style="width: 7px; text-align:center;border-color:#000000;min-width:7px;"> </td><td colspan="2" style="width: 97px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:97px;">December 31, 2009</td></tr><tr style="height: 17px"><td style="width: 520px; text-align:left;border-color:#000000;min-width:520px;"> </td><td colspan="5" style="width: 196px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:196px;">($ in thousands)</td></tr><tr style="height: 17px"><td style="width: 520px; text-align:left;border-color:#000000;min-width:520px;">Non-accrual loans(1)</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">$</td><td style="width: 80px; text-align:right;border-color:#000000;min-width:80px;"> 787,864</td><td style="width: 7px; text-align:left;border-color:#000000;min-width:7px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">$</td><td style="width: 85px; text-align:right;border-color:#000000;min-width:85px;"> 1,068,085</td></tr><tr style="height: 17px"><td style="width: 520px; text-align:left;border-color:#000000;min-width:520px;">Accruing loans contractually past-due 90 days or more(2)</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 80px; text-align:right;border-color:#000000;min-width:80px;"> 8,286</td><td style="width: 7px; text-align:left;border-color:#000000;min-width:7px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 85px; text-align:right;border-color:#000000;min-width:85px;"> 66,993</td></tr><tr style="height: 17px"><td style="width: 520px; text-align:left;border-color:#000000;min-width:520px;">Troubled debt restructurings(3)(4)</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 80px; text-align:right;border-color:#000000;min-width:80px;"> 218,793</td><td style="width: 7px; text-align:left;border-color:#000000;min-width:7px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 85px; text-align:right;border-color:#000000;min-width:85px;"> 111,743</td></tr><tr style="height: 18px"><td style="width: 520px; text-align:left;border-color:#000000;min-width:520px;">Total non-performing loans(3)</td><td style="width: 12px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:12px;">$</td><td style="width: 80px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:80px;"> 1,014,943</td><td style="width: 7px; text-align:left;border-color:#000000;min-width:7px;"> </td><td style="width: 12px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:12px;">$</td><td style="width: 85px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:85px;"> 1,246,821</td></tr></table></div>____________ (1)       Includes $207.7 million of loans held in the 2006-A Trust as of December 31, 2009. (2)       Includes $5.0 million of loans held in the 2006-A Trust as of December 31, 2009. (3)       Includes $14.8 million of loans held in the 2006-A Trust as of December 31, 2009. (4)       Excludes non-accrual loans and accruing loans contractually past-due 90 days or more. Of our non-accrual loans, $35.1 million were 30-89 days delinquent and $354.3 million were over 90 days delinquent as of September 30, 2010, and $182.5 million were 30-89 days delinquent and $388.5 million were over 90 days delinquent as of December 31, 2009. Accruing loans 30-89 days delinquent were $21.7 million and $95.3 million as of September 30, 2010 and December 31, 2009, respectively.We consider a loan to be impaired when, based on current information, we determine that it is probable that we will be unable to collect all amounts due in accordance with the contractual terms of the original loan agreement. In this regard, impaired loans include loans where we expect to encounter a significant delay in the collection of, and/or shortfall in the amount of contractual payments due to us. As of September 30, 2010 and December 31, 2009, the carrying value of impaired loans was $283.9 million and $597.4 million, respectively, net of allocated reserves of $79.1 million and $116.5 million, respectively. Included in these loans as of December 31, 2009 was $223.0 million related to the 2006-A Trust. As of September 30, 2010 and December 31, 2009, we had loans with a carrying value of $597.3 million and $517.1 million, respectively, that we assessed as impaired and for which we did not record any allocated reserves based upon our belief that it is probable that we ultimately will collect all principal amounts due. Included in these loans as of December 31, 2009 was $18.2 million related to the 2006-A Trust. The average balances of impaired loans during the three and nine months ended September 30, 2010 were $1.2 billion, and were $1.2 billion and $1.0 billion, respectively, during the three and nine months ended September 30, 2009. The total amounts of interest income that were recognized on impaired loans during the three and nine months ended September 30, 2010 were $4.9 million and $15.7 million, respectively, and were $10.8 million and $25.4 million, respectively, during the three and nine months ended September 30, 2009. The amounts of cash basis interest income that were recognized on impaired loans during the three and nine months ended September 30, 2010 were $0.1 million and $0.4 million, respectively. There was no cash basis interest income recognized on impaired loans during the three and nine months ended September 30, 2009. If the non-accrual loans had performed in accordance with their original terms, interest income would have been increased by $32.1 million and $111.5 million, respectively, for the three and nine months ended September 30, 2010, and $33.7 million and $85.6 million, respectively, for the three and nine months ended September 30, 2009. Troubled Debt Restructurings During the three and nine months ended September 30, 2010, loans with an aggregate carrying value, which includes principal, deferred fees and accrued interest, of $278.4 million and $840.3 million, respectively, as of their respective restructuring dates, were involved in troubled debt restructurings (“TDRs”). During the three and nine months ended September 30, 2009, loans with an aggregate carrying value of $427.7 million and $795.1 million, respectively, as of their respective restructuring dates, were involved in TDRs. Loans involved in these troubled debt restructurings are assessed as impaired, generally for a period of at least one year following the restructuring. A loan that has been involved in a TDR might no longer be assessed as impaired one year subsequent to the restructuring, assuming the loan performs under the restructured terms and the restructured terms were at market. As of September 30, 2010 and December 31, 2009, all of our loans that were restructured in TDRs were classified as impaired loans.  The carrying values of loans that had been restructured in TDRs as of September 30, 2010 and December 31, 2009 were as follows: <div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 342px; text-align:left;border-color:#000000;min-width:342px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td colspan="2" style="width: 154px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:154px;">September 30, 2010</td><td style="width: 22px; text-align:left;border-color:#000000;min-width:22px;"> </td><td colspan="2" style="width: 154px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:154px;">December 31, 2009</td></tr><tr style="height: 17px"><td style="width: 342px; text-align:left;border-color:#000000;min-width:342px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td colspan="5" style="width: 330px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:330px;">($ in thousands)</td></tr><tr style="height: 17px"><td style="width: 342px; text-align:left;border-color:#000000;min-width:342px;">Non-accrual</td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">$</td><td style="width: 140px; text-align:right;border-color:#000000;min-width:140px;"> 358,715</td><td style="width: 22px; text-align:left;border-color:#000000;min-width:22px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">$</td><td style="width: 140px; text-align:right;border-color:#000000;min-width:140px;"> 314,526</td></tr><tr style="height: 17px"><td style="width: 342px; text-align:left;border-color:#000000;min-width:342px;">Accruing</td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 14px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 140px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:140px;"> 218,143</td><td style="width: 22px; text-align:left;border-color:#000000;min-width:22px;"> </td><td style="width: 14px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 140px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:140px;"> 111,880</td></tr><tr style="height: 18px"><td style="width: 342px; text-align:left;border-color:#000000;min-width:342px;">Total</td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 14px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:14px;">$</td><td style="width: 140px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:140px;"> 576,858</td><td style="width: 22px; text-align:left;border-color:#000000;min-width:22px;"> </td><td style="width: 14px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:14px;">$</td><td style="width: 140px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:140px;"> 426,406</td></tr></table></div>We recorded charge offs related to these restructured loans of $30.8 million and $125.5 million, respectively, for the three and nine months ended September 30, 2010. For a loan that accrues interest immediately after that loan is restructured in a TDR, we generally do not charge off a portion of the loan as part of the restructuring. If a portion of a loan has been charged off, we will not accrue interest on the remaining portion of the loan if the charged off portion is still contractually due from the borrower. However, if the charged off portion of the loan is legally forgiven through concessions to the borrower, then the restructured loan may be placed on accrual status if the remaining contractual amounts due on the loan are reasonably assured of collection. In addition, for certain TDRs, especially those involving a commercial real estate loan, we may split the loan into a performing A note and a B note, placing the A note on accrual and charging off the B note. For an amortizing loan with monthly payments, the borrower is required to demonstrate sustained payment performance for a minimum of six months to return a non-accrual restructured loan to accrual status. Our evaluation of whether collection of interest and principal is reasonably assured is based on the facts and circumstances of each individual borrower and our assessment of the borrower's ability and intent to repay in accordance with the revised loan terms. We generally consider such factors as historical operating performance and payment history of the borrower, indications of support by sponsors and other interest holders, the terms of the modified loan, the value of any collateral securing the loan and projections of future performance of the borrower.  The allocated reserves for loans that were involved in TDRs were $35.4 million and $25.1 million as of September 30, 2010 and December 31, 2009, respectively.Pledged Loans As of September 30, 2010, CapitalSource Bank had loans held for investment with an unpaid principal balance of $52.6 million pledged to the FHLB as collateral for its financing facility. There were no loans pledged as of December 31, 2009. Foreclosed Assets Real Estate Owned (“REO”) When we foreclose on a real estate asset that collateralizes a loan, we record the asset at its estimated fair value less estimated costs to sell at the time of foreclosure if the related REO is classified as held for sale. Upon foreclosure, we evaluate the asset's fair value as compared to the loan's carrying amount and record a charge off when the carrying amount of the loan exceeds fair value less costs to sell. For REO determined to be held for sale, subsequent valuation adjustments are recorded as a valuation allowance, which is recorded as a component of net expense of real estate owned and other foreclosed assets in our consolidated statements of operations. REO that does not meet the criteria of held for sale is classified as held for use and initially recorded at its fair value. The real estate asset is subsequently depreciated over its estimated useful life. Fair value adjustments on REO held for use are recorded only if the carrying amount of an asset is not recoverable and exceeds its fair value. We estimate fair value at the asset's liquidation value, based on market conditions. As of September 30, 2010 and December 31, 2009, we had $79.5 million and $101.4 million, respectively, of REO classified as held for sale, which was recorded in other assets in our consolidated balance sheets. Activity in REO held for sale for the three and nine months ended September 30, 2010 and 2009 was as follows: <div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 316px; text-align:left;border-color:#000000;min-width:316px;"> </td><td colspan="5" style="width: 186px; text-align:center;border-color:#000000;min-width:186px;">Three Months Ended</td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"> </td><td colspan="5" style="width: 186px; text-align:center;border-color:#000000;min-width:186px;">Nine Months Ended</td></tr><tr style="height: 17px"><td style="width: 316px; text-align:left;border-color:#000000;min-width:316px;"> </td><td colspan="5" style="width: 186px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:186px;">September 30,</td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"> </td><td colspan="5" style="width: 186px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:186px;">September 30,</td></tr><tr style="height: 17px"><td style="width: 316px; text-align:left;border-color:#000000;min-width:316px;"> </td><td colspan="2" style="width: 87px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:87px;">2010</td><td style="width: 12px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:12px;"> </td><td colspan="2" style="width: 87px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:87px;">2009</td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"> </td><td colspan="2" style="width: 87px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:87px;">2010</td><td style="width: 12px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:12px;"> </td><td colspan="2" style="width: 87px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:87px;">2009</td></tr><tr style="height: 7px"><td style="width: 316px; text-align:left;border-color:#000000;min-width:316px;"> </td><td style="width: 12px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 75px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:75px;"> </td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 12px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 75px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:75px;"> </td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 12px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 75px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:75px;"> </td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 12px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 75px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:75px;"> </td></tr><tr style="height: 17px"><td style="width: 316px; text-align:left;border-color:#000000;min-width:316px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td colspan="10" style="width: 372px; text-align:center;border-color:#000000;min-width:372px;">($ in thousands)</td></tr><tr style="height: 17px"><td style="width: 316px; text-align:left;border-color:#000000;min-width:316px;">Balance as of beginning of period </td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;">$</td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"> 138,950</td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;">$</td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"> 95,149</td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;">$</td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"> 101,401</td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;">$</td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"> 84,437</td></tr><tr style="height: 17px"><td style="width: 316px; text-align:left;border-color:#000000;min-width:316px;">Acquired in business combination</td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"> -</td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"> -</td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"> 2,014</td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"> -</td></tr><tr style="height: 17px"><td style="width: 316px; text-align:left;border-color:#000000;min-width:316px;">Transfers from loans held for investment</td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"> 11,085</td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"> 11,150</td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"> 89,416</td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"> 47,873</td></tr><tr style="height: 17px"><td style="width: 316px; text-align:left;border-color:#000000;min-width:316px;">Fair value adjustments </td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"> (2,670)</td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"> (2,298)</td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"> (29,904)</td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"> (18,923)</td></tr><tr style="height: 17px"><td style="width: 316px; text-align:left;border-color:#000000;min-width:316px;">Transfers from REO held for use</td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"> -</td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"> -</td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"> 2,850</td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"> -</td></tr><tr style="height: 17px"><td style="width: 316px; text-align:left;border-color:#000000;min-width:316px;">Transfers from property held for investment</td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"> -</td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"> (11,260)</td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"> -</td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"> (11,260)</td></tr><tr style="height: 17px"><td style="width: 316px; text-align:left;border-color:#000000;min-width:316px;">Real estate sold </td><td style="width: 12px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 75px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:75px;"> (67,849)</td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 12px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 75px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:75px;"> (25,687)</td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 12px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 75px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:75px;"> (86,261)</td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 12px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 75px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:75px;"> (35,073)</td></tr><tr style="height: 18px"><td style="width: 316px; text-align:left;border-color:#000000;min-width:316px;">Balance as of end of period </td><td style="width: 12px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:12px;">$</td><td style="width: 75px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:75px;"> 79,516</td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 12px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:12px;">$</td><td style="width: 75px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:75px;"> 67,054</td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 12px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:12px;">$</td><td style="width: 75px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:75px;"> 79,516</td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 12px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:12px;">$</td><td style="width: 75px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:75px;"> 67,054</td></tr></table></div>During the three and nine months ended September 30, 2010, we recognized gains of $3.9 million and $2.5 million, respectively, on the sales of REO held for sale as a component of net expense of real estate owned and other foreclosed assets in our consolidated statements of operations. During the three and nine months ended September 30, 2009, we recognized a gain of $1.5 million and a loss of $0.3 million, respectively, on the sales of REO as a component of net expense of real estate owned and other foreclosed assets in our consolidated statements of operations. As of September 30, 2010 and December 31, 2009, we had $1.4 million and $19.7 million, respectively, of REO classified as held for use, which was recorded in other assets in our consolidated balance sheets. During the three and nine months ended September 30, 2010, we recognized impairment losses of $2.7 million and $12.9 million, respectively, on REO held for use as a component of net expense of real estate owned and other foreclosed assets in our consolidated statements of operations. We did not record any impairment on REO held for use during the three and nine months ended September 30, 2009.  Other Foreclosed Assets When we foreclose on a borrower whose underlying collateral consists of consumer loans, we record the acquired loans at the estimated fair value less costs to sell at the time of foreclosure. At the time of foreclosure, we record charge offs when the carrying amount of the original loan exceeds the fair value of the acquired loans. As of September 30, 2010 and December 31, 2009, we had $65.7 million and $127.2 million, respectively, of loans acquired through foreclosure, net of valuation allowances of $6.2 million and $2.8 million, respectively, which were recorded in other assets in our consolidated balance sheets. We recorded a provision for loan receivables losses of $1.2 million and $40.1 million related to loans acquired through foreclosure as a component of net expense of real estate owned and other foreclosed assets in our consolidated statements of operations for the three and nine months ended September 30, 2010. We did not record a provision for loan receivables losses related to loans acquired through foreclosure for the three and nine months ended September 30, 2009. We did not record any such valuation adjustments for the three and nine months ended September 30, 2009. Note 5. Commercial Lending Assets and Credit Quality As of September 30, 2010 and December 31, 2009, our commercial lending assets had an outstanding false false false us-types:textBlockItemType textblock The entire Commercial Lending Assets and Credit Quality footnote, which may include descriptions of the components of commercial lending assets and descriptions of the credit quality of the commercial lending assets held. No authoritative reference available. false 1 2 false UnKnown UnKnown UnKnown false true