DEBT (Tables)

9 Months Ended

Sep. 30, 2020

Debt Disclosure [Abstract]

Schedule of Carrying Values and Estimated Fair Values of Debt Instruments

Debt consists of the following instruments at September 30, 2020 and December 31, 2019:

(in thousands)	September 30, 2020						December 31, 2019
	Principal		Carrying Value		Fair Value		Principal		Carrying Value		Fair Value
Bank loans:
PWSC Loan	$	—	$	—	$	—	$	437	$	437	$	435
KWH Loan	9,250		8,574		11,209		9,625		8,803		11,820
Total bank loans	9,250		8,574		11,209		10,062		9,240		12,255
Notes payable:
Mortgage	167,073		174,882		190,896		169,818		178,297		182,265
Flower Note	7,001		7,001		7,990		7,337		7,337		8,071
Net Lease Note	9,000		9,000		9,111		9,000		9,000		9,396
PPP	2,858		2,858		2,858		—		—		—
Total notes payable	185,932		193,741		210,855		186,155		194,634		199,732
Subordinated debt	90,500		44,934		44,934		90,500		54,655		54,655
Total	$	285,682	$	247,249	$	266,998	$	286,717	$	258,529	$	266,642

Schedule of Subordinated Debt

Subordinated debt mentioned above consists of the following trust preferred debt instruments:

Issuer	Principal (in thousands)		Issue date	Interest	Redemption date
Kingsway CT Statutory Trust I	$	15,000	12/4/2002	annual interest rate equal to LIBOR, plus 4.00% payable quarterly	12/4/2032
Kingsway CT Statutory Trust II	$	17,500	5/15/2003	annual interest rate equal to LIBOR, plus 4.10% payable quarterly	5/15/2033
Kingsway CT Statutory Trust III	$	20,000	10/29/2003	annual interest rate equal to LIBOR, plus 3.95% payable quarterly	10/29/2033
Kingsway DE Statutory Trust III	$	15,000	5/22/2003	annual interest rate equal to LIBOR, plus 4.20% payable quarterly	5/22/2033
Kingsway DE Statutory Trust IV	$	10,000	9/30/2003	annual interest rate equal to LIBOR, plus 3.85% payable quarterly	9/30/2033
Kingsway DE Statutory Trust VI	$	13,000	12/16/2003	annual interest rate equal to LIBOR, plus 4.00% payable quarterly	1/8/2034