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Fair Value (Tables)

3 Months Ended

Mar. 31, 2013

Schedule of assets measured at fair value on a recurring basis

	At March 31, 2013
(Dollars in thousands)	Level 1		Level 2		Level 3		Total
Investment securities available for sale:
Asset-backed securities	$	—	$	—	$	1,314	$	1,314
	$	—	$	—	$	1,314	$	1,314

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

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

	Three Months Ended
	March 31,
(Dollars in thousands)	2013			2012
Balance, beginning of period	$	1,670		$	2,798
Total realized and unrealized gains for the
period included in:
Net income (loss)	3			159
Other comprehensive income	(51		)	(50		)
Purchases	—			—
Sales	—			—
Issuances	—			—
Settlements	(308		)	(413		)
Foreign currency translation adjustments	—			—
Net transfers into Level 3	—			—
Balance, end of period	$	1,314		$	2,494

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

	Carrying Value at March 31, 2012
(Dollars in thousands)	Level 1		Level 2		Level 3		Total
Portfolio Assets - loans (1)	$	—	$	441	$	121	$	562
Real estate held for sale (2)	—		322		—		322

	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
Real estate held for sale (2)	—		1,452		—		1,452

(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

	Three Months Ended
	March 31,
(Dollars in thousands)	2013			2012
Portfolio Assets - loans (1)	$	(50	)	$	(99	)
Real estate held for sale (2)	(35		)	(70		)
Total	$	(85	)	$	(169	)

(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.

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

	March 31, 2013										December 31, 2012
	Carrying		Estimated Fair Value								Carrying		Estimated
(Dollars in thousands)	Amount		Level 1		Level 2		Level 3		Total		Amount		Fair Value (2)
Cash, cash equivalents and restricted cash	$	33,076	$	33,076	$	—	$	—	$	33,076	$	39,347	$	39,347
Loan Portfolio Assets and loans receivable held for investment	51,162		—		—		72,069		72,069		59,276		83,880
Assets held for sale, net of related liabilities (1)	7,543		—		11,243		—		11,243		7,479		11,179
Notes payable and other debt obligations	49,277		—		—		49,277		49,277		61,731		61,731

(1) Comprised primarily of SBA loans held for sale and investment, servicing assets and a note payable (see Note 3).

(2) The estimated fair value hierarchy remains unchanged from December 31, 2012 to March 31, 2013.

- Definition

Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3).

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- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

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- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

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- Definition

Tabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments, assets, and liabilities. Such certain disclosures about the financial instruments, assets, and liabilities include: (1) the fair value of the required items together with their carrying amounts (as appropriate) and (2) the methodology and assumptions used in developing such estimates of fair value.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 14

-Subparagraph a

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 159

-Paragraph 18

-Subparagraph c(2), d, e, f

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 10

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13433-108611

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 15

-Subparagraph b-d

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 11

-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13467-108611

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 159

-Paragraph 19

-Subparagraph a, b, c(1), d(1)

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 45

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6447952&loc=d3e13220-108610

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 157

-Paragraph 32

-Subparagraph a, c(1), c(2), c(3), d

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 10: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 10

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 11: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 12

-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13476-108611

Reference 12: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 30

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612

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