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Note 11 - Debt (Tables)
6 Months Ended
Jun. 30, 2023
Notes Tables  
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block]

(in thousands)

 

June 30, 2023

  

December 31, 2022

 
  

Principal

  

Carrying Value

  

Fair Value

  

Principal

  

Carrying Value

  

Fair Value

 

Bank loan:

                        

2021 Ravix Loan

 $5,000  $5,000  $5,107  $5,300  $5,300  $5,460 

2022 Ravix Loan

  5,650   5,474   5,665   5,950   5,754   6,245 

SNS Loan

  6,500   6,413   6,519   6,850   6,755   6,921 

2020 KWH Loan

  12,831   12,614   13,117   16,708   16,472   16,819 

Total bank loans

  29,981   29,501   30,408   34,808   34,281   35,445 

Subordinated debt

  15,000   12,544   12,544   90,500   67,811   67,811 

Total

 $44,981  $42,045  $42,952  $125,308  $102,092  $103,256 
Schedule of Subordinated Borrowing [Table Text Block]

Issuer

 

Principal (in thousands)

 

Issue date

 

Interest

 

Redemption date

Kingsway DE Statutory Trust III

 

$ 15,000

 

5/22/2003

 

annual interest rate equal to LIBOR, plus 4.20% payable quarterly

 

5/22/2033

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