Subordinated Debentures (Tables)

12 Months Ended

Dec. 31, 2016

Subordinated Borrowings [Abstract]

Summary of Subordinated Debt Obligations to the Trusts

Following is a summary of subordinated debt obligations to the trusts at December 31, 2016 and 2015:

	December 31,
	2016			2015			Interest Rate		Due Date
	(Dollars in thousands)
American Equity Capital Trust II	$	77,061		$	76,840		5%		June 1, 2047
American Equity Capital Trust III	27,840			27,840			*LIBOR +	3.90%	April 29, 2034
American Equity Capital Trust IV	12,372			12,372			*LIBOR +	4.00%	January 8, 2034
American Equity Capital Trust VII	10,830			10,830			*LIBOR +	3.75%	December 14, 2034
American Equity Capital Trust VIII	20,620			20,620			*LIBOR +	3.75%	December 15, 2034
American Equity Capital Trust IX	15,470			15,470			*LIBOR +	3.65%	June 15, 2035
American Equity Capital Trust X	20,620			20,620			*LIBOR +	3.65%	September 15, 2035
American Equity Capital Trust XI	20,620			20,620			*LIBOR +	3.65%	December 15, 2035
American Equity Capital Trust XII	41,238			41,238			*LIBOR +	3.50%	April 7, 2036
	246,671			246,450
Unamortized debt issue costs	(4,818		)	(4,998		)
	$	241,853		$	241,452

*—three month London Interbank Offered Rate