Borrowings (Tables)

6 Months Ended

Jun. 30, 2014

Borrowings Subordinated Debentures And Brokered Deposits [Abstract]

Schedule of Debt [Table Text Block]

The following table summarizes our borrowings as of the dates indicated:

	June 30, 2014				December 31, 2013
	Amount		Rate		Amount		Rate
	(Dollars in thousands)
Non‑recourse debt	$	4,596	6.20	%	$	7,126	6.30	%
FHLB advances	—		—	%	106,600		0.06	%
Total borrowings	$	4,596			$	113,726

Subordinated Borrowings Disclosure [Text Block]

The following table summarizes the terms of each issuance of subordinated debentures outstanding as of the dates indicated:

	June 30, 2014					December 31, 2013
											Date	Maturity	Rate Index
Series	Amount			Rate (1)		Amount			Rate (2)		Issued	Date	(Quarterly Reset)
	(Dollars in thousands)
Trust V	$	10,310		3.33	%	$	10,310		3.34	%	8/15/2003	9/17/2033	3 month LIBOR + 3.10
Trust VI	10,310			3.28	%	10,310			3.29	%	9/3/2003	9/15/2033	3 month LIBOR + 3.05
Trust CII	5,155			3.18	%	5,155			3.19	%	9/17/2003	9/17/2033	3 month LIBOR + 2.95
Trust VII	61,856			2.98	%	61,856			2.99	%	2/5/2004	4/23/2034	3 month LIBOR + 2.75
Trust CIII	20,619			1.92	%	20,619			1.93	%	8/15/2005	9/15/2035	3 month LIBOR + 1.69
Trust FCCI	16,495			1.83	%	16,495			1.84	%	1/25/2007	3/15/2037	3 month LIBOR + 1.60
Trust FCBI	10,310			1.78	%	10,310			1.79	%	9/30/2005	12/15/2035	3 month LIBOR + 1.55
Trust CS 2005-1 (3)	82,475			2.18	%	—			—		1/21/2005	12/15/2035	3 month LIBOR + 1.95
Trust CS 2005-2 (3)	128,866			2.18	%	—			—		12/14/2005	1/30/2036	3 month LIBOR + 1.95
Trust CS 2006-1 (3)	51,545			2.18	%	—			—		2/22/2006	4/30/2036	3 month LIBOR + 1.95
Trust CS 2006-2 (3)	51,550			2.18	%	—			—		9/27/2006	10/30/2036	3 month LIBOR + 1.95
Trust CS 2006-3 (3)	35,286			1.36	%	—			—		9/29/2006	10/30/2036	3 month EURIBOR + 2.05
Trust CS 2006-4 (3)	16,470			2.18	%	—			—		12/5/2006	1/30/2037	3 month LIBOR + 1.95
Trust CS 2006-5 (3)	6,650			2.18	%	—			—		12/19/2006	1/30/2037	3 month LIBOR + 1.95
Trust CS 2007-2 (3)	39,177			2.18	%	—			—		6/13/2007	7/30/2037	3 month LIBOR + 1.95
Gross subordinated debentures	547,074					135,055
Unamortized discount (4)	(112,196		)			(2,410		)
Net subordinated debentures	$	434,878				$	132,645

___________________

(1) As of July 31, 2014.

(2) As of January 28, 2014.

(3) Acquired in the CapitalSource Inc. merger.

(4) Amount represents the fair value adjustment on trusts acquired in the CapitalSource Inc. and FCAL acquisitions.