Commercial Loans (Tables) - Commercial Loans

12 Months Ended

Dec. 31, 2016

Accounts, Notes, Loans and Financing Receivable [Line Items]

Summary of Classifications and Carrying Value of Loans

The following table summarizes the classifications and carrying value of commercial loans at December 31, 2016 and December 31, 2015.

Table 7.1 – Classifications and Carrying Value of Commercial Loans

(In Thousands)	December 31, 2016		December 31, 2015
Held-for-sale
At fair value	$	—	$	39,141
At lower of cost or fair value	2,700		—
Held-for-investment
At fair value	—		67,657
At amortized cost	—		295,849
Total Commercial Loans	$	2,700	$	402,647

Carrying Value for Loans Held-for-Investment

The following table provides additional information for our commercial loans held-for-investment at amortized cost at December 31, 2016 and December 31, 2015.

Table 7.2 – Carrying Value for Commercial Loans Held-for-Investment at Amortized Cost

(In Thousands)	December 31, 2016		December 31, 2015
Principal balance	$	—	$	307,047
Unamortized discount, net	—		(4,096		)
Recorded investment	—		302,951
Allowance for loan losses	—		(7,102		)
Carrying Value	$	—	$	295,849

Commercial Loans Held-for-Investment by Risk Category

The following table presents the principal balance of commercial loans held-for-investment by risk category.

Table 7.3 – Principal Balance of Commercial Loans Held-for-Investment by Risk Category

(In Thousands)	December 31, 2016		December 31, 2015
Pass	$	—	$	272,768
Watch list	—		34,279
Workout	—		—
Total Commercial Loans Held-for-Investment	$	—	$	307,047

Summary of Activity in Allowance for Loans Losses

The following table summarizes the activity in the allowance for commercial loan losses for the years ended December 31, 2016, 2015, and 2014.

Table 7.4 – Activity in the Allowance for Commercial Loan Losses

	Years Ended December 31,
(In Thousands)	2016			2015			2014
Balance at beginning of period	$	7,102		$	7,457		$	7,373
Charge-offs, net	—			—			—
(Reversal of) provision for loan losses	(7,102		)	(355		)	84
Balance at End of Period	$	—		$	7,102		$	7,457

Loans Evaluated for Impairment

The following table summarizes the balances for loans collectively evaluated for impairment at December 31, 2016 and December 31, 2015.

Table 7.5 – Loans Collectively Evaluated for Impairment Review

(In Thousands)	December 31, 2016		December 31, 2015
Principal balance	$	—	$	307,047
Recorded investment	—		302,951
Related allowance	—		7,102