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Discontinued Operations (Tables)
12 Months Ended
Dec. 31, 2015
Discontinued Operations [Abstract]  
Financial Results Of The Commercial Lending Business Included In Net Income (Loss) From Discontinued Operations

 

 

 

 

 

 

 

 

 

 

 

 

 

For the year ended December 31,

 

2015

 

2014

 

2013

 

 

 

 

 

 

 

 

(in thousands)

 

Interest income

$                           28,925 

 

$                           44,097 

 

$                           53,972 

Interest expense

 -

 

 -

 

 -

Provision for loan and lease losses

 -

 

26,919 

 

58,038 

Net interest income (loss) after provision

28,925 

 

17,178 

 

(4,066)

 

 

 

 

 

 

Non interest income

2,513 

 

1,624 

 

1,357 

Non interest expense

18,645 

 

(35,823)

 

8,960 

 

 

 

 

 

 

Income (loss) before taxes

12,793 

 

54,625 

 

(11,669)

Income taxes

4,721 

 

19,331 

 

16,269 

Net income (loss)

$                             8,072 

 

$                           35,294 

 

$                         (27,938)

 

 

 

 

 

 

 

 

 

 

 

December 31,

 

December 31,

 

2015

 

2014

 

 

 

 

 

(in thousands)

Loans, net

$                         568,748 

 

$                         867,399 

Other assets

15,161 

 

20,530 

Total assets

$                         583,909 

 

$                         887,929 

 

 

 

 

 

Schedule Of Various Elements Of The Lower Of Cost Or Market Valuation

 

 

 

 

 

 

 

Measured on a recurring basis

 

Valuation techniques

 

Significant unobservable inputs

 

Range

 

 

 

 

 

 

 

Large balance commercial loans

 

Discounted cash flows

 

Discount rate

 

3.13%-9.09%

 

 

 

 

 

 

 

Small balance commercial loans

 

Discounted cash flows

 

Discount rate

 

4.18%-7.08%