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INBK Mysterious Nonperforming Asset

|Includes: BOFI, First Internet Bancorp (INBK)

Question for the efficient market:

Does anybody know anything about the bank's(NASDAQ:INBK) nonperforming assets? It says that 4.5 out of the 4.9 million NPA consist of one bad asset,( ie two buildings adjacent to a University)

As stated in the 10K in the 10-Q:

"As of March 31, 2016 and December 31, 2015, the Company had one commercial property in other real estate owned with a carrying value of $4.5 million. This property consists of two buildings which are residential units adjacent to a university campus. Improvements to the property have been made in collaboration with the university and the property continues to be occupied."

Does anybody know anything about this $4.5 million asset?

Disclosure: I am/we are long INBK.