LOANS RECEIVABLE, NET (Tables)

6 Months Ended

Jun. 30, 2013

Receivables [Abstract]

Loans Receivables, Net

The following table presents the Company’s loans receivable, net as of:

(Dollars in thousands)	June 30, 2013			December 31, 2012
Residential real estate loans:
Unpaid principal balance	$	—		$	44,904
Discount		—			(22,695	)
Recorded investment		—			22,209
Allowance for loan losses		—			—
Total residential real estate loans		—			22,209
Commercial real estate loans:
Unpaid principal balance		1,622			1,734
Discount		(12	)		(12	)
Recorded investment		1,610			1,722
Allowance for loan losses		(50	)		(50	)
Total commercial real estate loans		1,560			1,672
Commercial loans:
Revolving lines of credit		1,643			—
Term note unpaid principal balance		1,000			1,000
Term note discount		(468	)		(509	)
Recorded investment		2,175			491
Allowance for loan losses		—			—
Total commercial loans		2,175			491
Loans receivable, net	$	3,735		$	24,372

Loans Receivable, Net Due Within One Year

Loans receivable, net due within one year consists of the following as of:

(Dollars in thousands)	June 30, 2013		December 31, 2012
Contractual principal payments due within one year(1) :
Residential real estate loans	$	—	$	527
Commercial real estate loans		90		93
		90		620
Revolving lines of credit		1,643		—
Loans receivable, net due within one year	$	1,733	$	620

(1) Excludes loans ninety or more days past due.

Delinquency Information for Loans Receivable

Management monitors delinquencies as its primary credit quality indicator and the following table presents delinquency information for loans receivable as of June 30, 2013 and December 31, 2012, based on recorded investment:

(Dollars in thousands)	30-59 Days Past Due		60-89 Days Past Due		90 Days or More Past Due		Total Past Due		Current		Total
June 30, 2013
Commercial real estate loans	$	—	$	—	$	—	$	—	$	1,610	$	1,610
Commercial loans:
Revolving lines of credit		—		—		—		—		1,643		1,643
Term note		—		—		—		—		532		532
Total commercial loans		—		—		—		—		2,175		2,175
Total	$	—	$	—	$	—	$	—	$	3,785	$	3,785
December 31, 2012
Residential real estate loans	$	2,457	$	569	$	2,816	$	5,842	$	16,367	$	22,209
Commercial real estate loans		—		—		—		—		1,722	$	1,722
Commercial loans:
Revolving lines of credit		—		—		—		—		—		—
Term note		—		—		—		—		491		491
Total commercial loans		—		—		—		—		491		491
Total	$	2,457	$	569	$	2,816	$	5,842	$	18,580	$	24,422