Fair Value (Tables)

12 Months Ended

Dec. 31, 2012

Fair Value

Schedule of assets measured at fair value on a recurring basis

	At December 31, 2012
(Dollars in thousands)	Level 1		Level 2		Level 3		Total
Investment securities available for sale:
Asset-backed securities	$	—	$	—	$	1,670	$	1,670
	$	—	$	—	$	1,670	$	1,670

	At December 31, 2011
(Dollars in thousands)	Level 1		Level 2		Level 3		Total
Investment securities available for sale:
Marketable equity security	$	1,000	$	—	$	—	$	1,000
Asset-backed security		—		—		2,798		2,798
	$	1,000	$	—	$	2,798	$	3,798

Schedule of changes to the Level 3 assets measured at fair value on a recurring basis

	Year Ended December 31,
(Dollars in thousands)	2012			2011
Balance, beginning of period	$	2,798		$	2,605
Total realized and unrealized gains for the period included in:
Net income (loss)		100			354
Other comprehensive income		(58	)		(396	)
Purchases		—			3,843
Sales		—			(1,980	)
Issuances		—			—
Settlements		(1,170	)		(1,789	)
Foreign currency translation adjustments		—			161
Net transfers into Level 3		—			—
Balance, end of period	$	1,670		$	2,798

Schedule of fair value hierarchy and the carrying value of assets measured at fair value on a non-recurring basis

	Carrying Value at December 31, 2012
(Dollars in thousands)	Level 1		Level 2		Level 3		Total
Portfolio Assets—loans(1)	$	—	$	4,074	$	1,757	$	5,831
Loans receivable—SBA held for investment(1)		—		238		40		278
Real estate held for sale(2)		—		1,452		—		1,452

	Carrying Value at December 31, 2011
(Dollars in thousands)	Level 1		Level 2		Level 3		Total
Portfolio Assets—loans(1)	$	—	$	—	$	1,923	$	1,923
Loans receivable—SBA held for investment(1)		—		—		559		559
Real estate held for sale(2)		—		6,297		—		6,297
Investments in unconsolidated subsidiaries		—		—		4,567		4,567
Assets held for sale, net of related liabilities		—		2,011		—		2,011

(1)

Represents the carrying value of impaired loans for which adjustments were based on the collateral value.

(2)

Represents the carrying value of foreclosed real estate properties that were impaired and measured at fair value subsequent to their initial classification as foreclosed assets.

Schedule of decrease in value of certain assets measured at fair value on a non-recurring basis

	Year Ended December 31,
(Dollars in thousands)	2012			2011
Portfolio Assets—loans(1)	$	(1,419	)	$	(921	)
Loans receivable—SBA held for investment(1)		(421	)		(385	)
Real estate held for sale(2)		(409	)		(2,067	)
Investments in unconsolidated subsidiaries(3)		—			(7,435	)
Assets held for sale, net of related liabilities(4)		—			(3,093	)
Total	$	(2,249	)	$	(13,901	)

(1)

Represents write-downs of loans based on the estimated fair value of the collateral for collateral-dependent loans.

(2)

Represents losses on foreclosed real estate properties that were measured at fair value subsequent to their initial classification as foreclosed assets.

(3)

Represents a loss in value on investments in unconsolidated subsidiaries that was deemed to be other-than-temporary (see Note 7).

(4)

Represents the net write-down of a disposal group upon its classification as held for sale (see Note 4).

Schedule of carrying value and estimated fair value of financial instruments, including accrued interests (where applicable), that are not recorded at fair value in their entirety on a recurring basis

	December 31, 2012										December 31, 2011
			Estimated Fair Value
	Carrying Amount										Carrying Amount		Estimated Fair Value
(Dollars in thousands)			Level 1		Level 2		Level 3		Total
Cash, cash equivalents and restricted cash	$	41,095	$	41,095	$	—	$	—	$	41,095	$	36,031	$	36,031
Loan Portfolio Assets and loans receivable held for investment		78,741		—		—		103,345		103,345		135,423		173,616
SBA loans held for sale		1,087		—		1,232		—		1,232		7,614		8,353
Assets held for sale, net of related liabilities(1)		—		—		—		—		—		4,569		6,634
Notes payable and other debt obligations		76,945		—		—		76,945		76,945		189,936		189,936

(1)

Comprised of Portfolio Assets, an affiliated loan receivable and an affiliated note payable (see Note 4).