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Network
2305301 - Disclosure - LOANS RECEIVABLE, INCLUDING LOANS HELD FOR SALE (Tables)
(http://www.steelpartners.com/role/LoansReceivableIncludingLoansHeldForSaleTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0001452857 (http://www.sec.gov/CIK)
Receivables [Abstract]Period [Axis]
2016-01-01 - 2016-12-31
Receivables [Abstract]
 
Loans Receivable Including Held For Sale
Major classification of WebBank's loans receivable, including loans held for sale at December 31, 2016 and 2015 are as follows:
 
Total
 
Current
 
Non-current
 
December 31, 2016
 
%
 
December 31, 2015
 
%
 
December 31, 2016
 
December 31, 2015
 
December 31, 2016
 
December 31, 2015
Loans held for sale
$
80,692

 
 
 
$
159,592

 
 
 
$
80,692

 
$
159,592

 
$
—

 
$
—

Real estate loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial - owner occupied
$
604

 
1
%
 
$
1,542

 
2
%
 
43

 
97

 
561

 
$
1,445

Commercial - other
266

 
—
%
 
281

 
—
%
 
—

 
—

 
266

 
281

Total real estate loans
870

 
1
%
 
1,823

 
2
%
 
43

 
97

 
827

 
1,726

Commercial and industrial
50,564

 
68
%
 
66,253

 
98
%
 
3,059

 
5,943

 
47,505

 
60,310

Consumer loans
22,805

 
31
%
 
—

 
—
%
 
8,949

 
—

 
13,856

 
—

Total loans
74,239

 
100
%
 
68,076

 
100
%
 
12,051

 
6,040

 
62,188

 
62,036

Less:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Deferred fees and discounts
—

 
 
 
(15
)
 
 
 
—

 
(15
)
 
—

 
—

Allowance for loan losses
(1,483
)
 
 
 
(630
)
 
 
 
(1,483
)
 
(630
)
 
—

 
—

Total loans receivable, net
$
72,756

 
 
 
$
67,431

 
 
 
10,568

 
5,395

 
62,188

 
62,036

Loans receivable, including loans held for sale (a)
 
 
 
 
 
 
 
 
$
91,260

 
$
164,987

 
$
62,188

 
$
62,036

(a)
The carrying value is considered to be representative of fair value because the rates of interest are not significantly different from market interest rates for instruments with similar maturities. The fair value of loans receivable, including loans held for sale, net was $153,488 and $226,541 at December 31, 2016 and 2015, respectively.
  
Allowance for Loan and Lease Losses
Changes in the ALLL are summarized as follows:
 
Real Estate
 
 
 
 
 
 
 
Commercial - Owner Occupied
 
Commercial - Other
 
Commercial & Industrial
 
Consumer Loans
 
Total
December 31, 2013
$
77

 
$
28

 
$
319

 
$
—

 
$
424

Charge-offs
—

 
—

 
(3
)
 
—

 
(3
)
Recoveries
66

 
40

 
80

 
—

 
186

Provision
(79
)
 
(56
)
 
85

 
—

 
(50
)
December 31, 2014
64

 
12

 
481

 
—

 
557

Charge-offs
—

 
—

 
—

 
—

 
—

Recoveries
25

 
44

 
54

 
—

 
123

Provision
(49
)
 
(48
)
 
47

 
—

 
(50
)
December 31, 2015
40

 
8

 
582

 
—

 
630

Charge-offs
—

 
—

 
—

 
—

 
—

Recoveries
14

 
35

 
30

 
—

 
79

Provision
(32
)
 
(36
)
 
268

 
574

 
774

December 31, 2016
$
22

 
$
7

 
$
880

 
$
574

 
$
1,483


The ALLL and outstanding loan balances according to the Company's impairment method are summarized as follows:
 
Real Estate
 
 
 
 
 
 
December 31, 2016
Commercial - Owner Occupied
 
Commercial - Other
 
Commercial & Industrial
 
Consumer Loans
 
Total
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
7

 
$
—

 
$
46

 
$
—

 
$
53

Collectively evaluated for impairment
15

 
7

 
834

 
574

 
1,430

Total
$
22

 
$
7

 
$
880

 
$
574

 
$
1,483

Outstanding loan balances:
 
 
 
 
 
 

 
 
Individually evaluated for impairment
$
17

 
$
—

 
$
54

 
$
—

 
$
71

Collectively evaluated for impairment
587

 
266

 
50,510

 
22,805

 
74,168

Total
$
604

 
$
266

 
$
50,564

 
$
22,805

 
$
74,239


 
Real Estate
 
 
 
 
December 31, 2015
Commercial - Owner Occupied
 
Commercial - Other
 
Commercial & Industrial
 
Total
Allowance for loan losses:
 
 
 
 
 
 
 
Individually evaluated for impairment
$
1

 
$
—

 
$
77

 
$
78

Collectively evaluated for impairment
39

 
8

 
505

 
552

Total
$
40

 
$
8

 
$
582

 
$
630

Outstanding loan balances:
 
 
 
 
 
 
 
Individually evaluated for impairment
$
358

 
$
—

 
$
1,241

 
$
1,599

Collectively evaluated for impairment
1,184

 
281

 
65,012

 
66,477

Total
$
1,542

 
$
281

 
$
66,253

 
$
68,076


    
  
Past Due Loans (Accruing and Nonaccruing)
Past due loans (accruing and nonaccruing) are summarized as follows:
December 31, 2016
Current
 
30-89 Days
Past Due
 
90+ Days
Past Due
 
Total
Past Due
 
Total Loans
 
Recorded
Investment
In Accruing
Loans 90+
Days Past Due
 
Nonaccrual
Loans
That Are
Current (a)
Real estate loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial - owner occupied
$
604

 
$
—

 
$
—

 
$
—

 
$
604

 
$
—

 
$
—

Commercial - other
266

 
—

 
—

 
—

 
266

 
—

 
—

Total real estate loans
870

 
—

 
—

 
—

 
870

 
—

 
—

Commercial and industrial
$
50,564

 
$
—

 
$
—

 
$
—

 
$
50,564

 
$
—

 
$
—

Consumer loans
22,745

 
57

 
3

 
60

 
22,805

 
3

 


Total loans
$
74,179

 
$
57

 
$
3

 
$
60

 
$
74,239

 
$
3

 
$
—

(a)
Represents nonaccrual loans that are not past due more than 30 days; however, full payment of principal and interest is still not expected.

December 31, 2015
Current
 
30-89 Days
Past Due
 
90+ Days
Past Due
 
Total
Past Due
 
Total Loans
 
Recorded
Investment
In Accruing
Loans 90+
Days Past Due
 
Nonaccrual
Loans
That Are
Current (a)
Real estate loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial - owner occupied
$
714

 
$
487

 
$
341

 
$
828

 
$
1,542

 
$
—

 
$
—

Commercial - other
281

 
—

 
—

 
—

 
281

 
—

 
—

Total real estate loans
995

 
487

 
341

 
828

 
1,823

 
—

 
—

Commercial and industrial
66,251

 
—

 
2

 
2

 
66,253

 
—

 
—

Total loans
$
67,246

 
$
487

 
$
343

 
$
830

 
$
68,076

 
$
—

 
$
—


(a)
Represents nonaccrual loans that are not past due more than 30 days; however, full payment of principal and interest is still not expected.
    
  
Outstanding Loans (Accruing and Nonaccruing)
Outstanding loan balances (accruing and nonaccruing) categorized by these credit quality indicators are summarized as follows:
December 31, 2016
Non - Graded
 
Pass
 
Special
Mention
 
Sub-
standard
 
Doubtful
 
Total Loans
Real estate loans:
 
 
 
 
 
 
 
 
 
 
 
Commercial - owner occupied
$
—

 
$
587

 
$
—

 
$
17

 
$
—

 
$
604

Commercial - other
—

 
266

 
—

 
—

 
—

 
266

Total real estate loans
—

 
853

 
—

 
17

 
—

 
870

Commercial and industrial


 
45,931

 
4,579

 
54

 
—

 
50,564

Consumer loans
22,805

 
—

 
—

 
—

 
—

 
22,805

Total loans
$
22,805

 
$
46,784

 
$
4,579

 
$
71

 
$
—

 
$
74,239



December 31, 2015
Non - Graded
 
Pass
 
Special
Mention
 
Sub-
standard
 
Doubtful
 
Total Loans
Real estate loans:
 
 
 
 
 
 
 
 
 
 
 
Commercial - owner occupied
$
—

 
$
1,184

 
$
—

 
$
358

 
$
—

 
$
1,542

Commercial - other
—

 
281

 
—

 
—

 
—

 
281

Total real estate loans
—

 
1,465

 
—

 
358

 
—

 
1,823

Commercial and industrial
—

 
61,310

 
3,702

 
1,241

 
—

 
66,253

Total loans
$
—

 
$
62,775

 
$
3,702

 
$
1,599

 
$
—

 
$
68,076



  
Impaired Loans
Information on impaired loans is summarized as follows:
 
 
 
Recorded Investment
 
 
 
 
 
 
December 31, 2016
Unpaid Principle
Balance
 
With No
Allowance
 
With
Allowance
 
Total Recorded
Investment
 
Related
Allowance
 
Average Recorded
Investment
Real estate loans:
 
 
 
 
 
 
 
 
 
 
 
Commercial - owner occupied
$
17

 
$
—

 
$
17

 
$
17

 
$
7

 
$
655

Total real estate loans
17

 
—

 
17

 
17

 
7

 
655

Commercial and industrial
54

 
8

 
46

 
54

 
46

 
3,274

Total loans
$
71

 
$
8

 
$
63

 
$
71

 
$
53

 
$
3,929



 
 
 
Recorded investment
 
 
 
 
 
 
December 31, 2015
Unpaid Principle
Balance
 
With No
Allowance
 
With
Allowance
 
Total Recorded
Investment
 
Related
Allowance
 
Average Recorded
Investment
Real estate loans:
 
 
 
 
 
 
 
 
 
 
 
Commercial - owner occupied
$
372

 
$
341

 
$
17

 
$
358

 
$
1

 
$
370

Total real estate loans
372

 
341

 
17

 
358

 
1

 
370

Commercial and industrial
1,320

 
12

 
1,229

 
1,241

 
77

 
569

Total loans
$
1,692

 
$
353

 
$
1,246

 
$
1,599

 
$
78

 
$
939