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Non-Performing Residential Mortgage Loans Held-for-Sale
6 Months Ended
Jun. 30, 2014
Non-Performing Residential Mortgage Loans Held-for-Sale  
Non-Performing Residential Mortgage Loans Held-for-Sale

3.     Non-Performing Residential Mortgage Loans Held-for-Sale

 

At June 30, 2014, we designated certain non-accrual one-to-four family, or residential, mortgage loans held in our loans receivable portfolio, substantially all of which were 90 days or more past due, as loans held-for-sale.  In connection with designating this pool of loans as held-for-sale, the pool was written down from its recorded investment of $195.0 million to its estimated fair value of $186.3 million through a loan charge-off of $8.7 million against the allowance for loan losses.