Funds Borrowed (Tables)

9 Months Ended

Sep. 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 September 30,												Bank Holding Company Accounting September 30,		Investment Company Accounting December 31,		Interest
(Dollars in  thousands)	2019		2020		2021		2022		2023		Thereafter		2018		2017		Rate (1)
Deposits	$	417,151	$	213,514	$	135,218	$	140,394	$	40,698	$	—	$	946,975	$	—		2.04	%
DZ loan		96,058		—		—		—		—		—		96,058		99,984		3.86	%
SBA debentures and borrowings		3,621		25,877		8,500		—		5,000		37,500		80,498		79,564		3.40	%
Notes payable to banks		60,039		—		7,265		—		—		—		67,304		81,450		4.47	%
Retail notes		—		—		33,625		—		—		—		33,625		33,625		9.00	%
Preferred securities		—		—		—		—		—		33,000		33,000		33,000		4.45	%
Other borrowings		500		7,114		—		—		—		—		7,614		—		2.00	%
Total	$	577,369	$	246,505	$	184,608	$	140,394	$	45,698	$	70,500	$	1,265,074	$	327,623		2.64	%

(1) Weighted average contractual rate as of September 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)	September 30, 2018
Three months or less	$	126,721
Over three months through six months		72,280
Over six months through one year		218,150
Over one year		529,824
Total deposits	$	946,975

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 September 30, 2018.

(Dollars in  thousands)

Borrower

# of Lenders / Notes

Note Dates

Maturity Dates

Type

Note Amounts

Balance Outstanding at September 30, 2018

Monthly Payment

Average Interest Rate at September 30, 2018

Interest Rate Index (1)

The Company

6/6

4/11 - 8/14

11/18 - 7/19

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

$

47,621

$

47,621

Interest(3)

4.87

%

Various

(2)

Medallion Chicago

3/28

11/11 - 12/11

6/19 - 9/21

Term loans secured by owned Chicago medallions (4)

25,708

19,683

$171 principal & interest

3.50

%

N/A

$

73,329

$

67,304

(1) At September 30, 2018, 30 day LIBOR was 2.26%, 360 day LIBOR was 2.92%, and the prime rate was 5.25%.

(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 4.50%, one note has an interest rate of LIBOR plus 3.50%, 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) Guaranteed by the Company.