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Loans (Notes)
12 Months Ended
Dec. 31, 2016
Receivables [Abstract]  
Loans
12. LOANS
Loans had been extended: (i) by VIEs which are consolidated by Ambac under ASC Topic 810 as a result of Ambac’s financial guarantees of the VIEs’ note liabilities and/or assets and (ii) to certain institutions in connection with various transactions.
Loans by consolidated VIEs are generally carried at fair value on the Consolidated Balance Sheets. See Note 3. Special Purpose Entities, Including Variable Interest Entities for further information about VIEs for which the assets and liabilities are carried at fair value.
Other loans had an outstanding principal balance of $4,873 and $6,205 at December 31, 2016 and 2015, respectively. Interest rates on these loans were 4.53% and 4.75% at December 31, 2016 and 2015, respectively. The maturity date of these loans were June 2026 as of December 31, 2016 and 2015. Collectability of these loans is evaluated on an ongoing basis; no loan has been considered impaired and as such no loan impairments have been recorded as of December 31, 2016 and 2015