BORROWINGS, SUBORDINATED DEBENTURES AND BROKERED DEPOSITS (Tables)

3 Months Ended

Mar. 31, 2013

BORROWINGS, SUBORDINATED DEBENTURES AND BROKERED DEPOSITS

Schedule of borrowings outstanding

	March 31, 2013					December 31, 2012
	Amount		Rate			Amount		Rate
	(Dollars in thousands)
Non-recourse debt	$	11,196		6.29	%	$	12,591		6.28	%

Summary of the terms of each issuance of the subordinated debentures outstanding

	March 31, 2013					December 31, 2012
											Date Issued		Maturity Date			Next Reset Date
Series	Amount		Rate(1)			Amount		Rate(2)							Rate Index
	(Dollars in thousands)
Trust V	$	10,310		3.38	%	$	10,310		3.41	%		8/15/03		9/17/33	3 month LIBOR + 3.10		6/13/13
Trust VI		10,310		3.33	%		10,310		3.36	%		9/3/03		9/15/33	3 month LIBOR + 3.05		6/13/13
Trust CII		5,155		3.23	%		5,155		3.26	%		9/17/03		9/17/33	3 month LIBOR + 2.95		6/13/13
Trust VII		61,856		3.03	%		61,856		3.05	%		2/5/04		4/23/34	3 month LIBOR + 2.75		7/26/13
Trust CIII		20,619		1.97	%		20,619		2.00	%		8/15/05		9/15/35	3 month LIBOR + 1.69		6/13/13
Total subordinated debentures	$	108,250				$	108,250

⁽¹⁾

As of April 26, 2013.

⁽²⁾

As of January 28, 2013.