Funds Borrowed (Tables)

6 Months Ended

Jun. 30, 2018

Debt Disclosure [Abstract]

Schedule of Outstanding Balances of Funds Borrowed

The outstanding balances of funds borrowed were as follows:

	Payments Due for the Fiscal Year Ending June 30,												Bank Holding Company Accounting June 30,		Investment Company Accounting December 31,		Interest
(Dollars in  thousands)	2019		2020		2021		2022		2023		Thereafter		2018		2017		Rate (1)
Deposits	$	330,290	$	255,172	$	128,143	$	142,250	$	40,547	$	—	$	896,402	$	—		1.91	%
DZ loan		96,925		—		—		—		—		—		96,925		99,984		3.75	%
SBA debentures and borrowings		3,716		25,881		8,500		—		5,000		35,000		78,097		79,564		3.39	%
Notes payable to banks		70,551		2,164		—		—		—		—		72,715		81,450		4.19	%
Retail notes		—		—		33,625		—		—		—		33,625		33,625		9.00	%
Preferred securities		—		—		—		—		—		33,000		33,000		33,000		4.44	%
Other borrowings		8,500		7,078		—		—		—		—		15,578		—		2.26	%
Total	$	509,982	$	290,295	$	170,268	$	142,250	$	45,547	$	68,000	$	1,226,342	$	327,623		2.59	%

(1) Weighted average contractual rate as of June 30, 2018.

Summary of Time Deposits on Basis of Their Maturity

The table presents time deposits of $100,000 or more by their maturity:

(Dollars in  thousands)	June 30, 2018
Three months or less	$	109,148
Over three months to six months		65,750
Over six months through one year		155,392
Over one year		566,112
Total deposits	$	896,402

Summary of Key Attributes of Various Borrowing Arrangements with Lenders

The table below summarizes the key attributes of the Company’s various borrowing arrangements with these lenders as of June 30, 2018.

(Dollars in  thousands)

Borrower

# of Lenders / Notes

Note Dates

Maturity Dates

Type

Note Amounts

Balance Outstanding at June 30, 2018

Monthly Payment

Average Interest Rate at June 30, 2018

Interest Rate Index(1)

The Company

6/6

4/11 - 8/14

7/18 - 8/19

Term loans and demand notes secured by pledged loans (2)

$

51,217

$

51,217

Interest(3)

4.54%

Various (2)

Medallion Chicago

3/28

11/11 - 12/11

10/16 - 6/19

Term loans secured by owned Chicago medallions (4)

25,708

21,498

$181 principal & interest

3.34%

N/A

$

76,925

$

72,715

(1) At June 30, 2018, 30 day LIBOR was 2.09%, 360 day LIBOR was 2.76%, and the prime rate was 5.00%.

(2) One note has an interest rate of Prime, one note has an interest rate of Prime plus 0.50%, one note has a fixed interest rate of 3.75%, one note has an interest rate of LIBOR plus 3.75%, and the other interest rates on these borrowings are LIBOR plus 2%.

(3) Various agreements call for remittance of all principal received on pledged loans subject to minimum monthly payments ranging from $0 to $75.

(4) $12,708 guaranteed by the Company.