Borrowings and Subordinated Debentures (Tables)

12 Months Ended

Dec. 31, 2016

Debt Disclosure [Abstract]

Schedule of Debt

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

	December 31, 2016			December 31, 2015
	Amount		Rate	Amount		Rate
	(Dollars in thousands)
Non‑recourse debt	$	812	6.41%	$	3,914	5.49%
FHLB secured advances	735,000		0.59%	618,000		0.27%
FHLB unsecured overnight advance	130,000		0.55%	—		—%
American Financial Exchange ("AFX") borrowings	40,000		0.81%	—		—%
Total borrowings	$	905,812		$	621,914

Borrowings Subordinated Debentures And Brokered Deposits Disclosure

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

	December 31, 2016				December 31, 2015
									Date	Maturity	Rate Index
Series:	Amount			Rate	Amount			Rate	Issued	Date	(Quarterly Reset)
	(Dollars in thousands)
Trust V	$	10,310		4.09%	$	10,310		3.63%	8/15/2003	9/17/2033	3 month LIBOR + 3.10
Trust VI	10,310			4.01%	10,310			3.39%	9/3/2003	9/15/2033	3 month LIBOR + 3.05
Trust CII	5,155			3.95%	5,155			3.35%	9/17/2003	9/17/2033	3 month LIBOR + 2.95
Trust VII	61,856			3.64%	61,856			3.07%	2/5/2004	4/23/2034	3 month LIBOR + 2.75
Trust CIII	20,619			2.65%	20,619			2.20%	8/15/2005	9/15/2035	3 month LIBOR + 1.69
Trust FCCI	16,495			2.56%	16,495			2.11%	1/25/2007	3/15/2037	3 month LIBOR + 1.60
Trust FCBI	10,310			2.51%	10,310			2.06%	9/30/2005	12/15/2035	3 month LIBOR + 1.55
Trust CS 2005-1	82,475			2.91%	82,475			2.46%	11/21/2005	12/15/2035	3 month LIBOR + 1.95
Trust CS 2005-2	128,866			2.84%	128,866			2.27%	12/14/2005	1/30/2036	3 month LIBOR + 1.95
Trust CS 2006-1	51,545			2.84%	51,545			2.27%	2/22/2006	4/30/2036	3 month LIBOR + 1.95
Trust CS 2006-2	51,550			2.84%	51,550			2.27%	9/27/2006	10/30/2036	3 month LIBOR + 1.95
Trust CS 2006-3 (1)	27,185			1.74%	28,007			1.98%	9/29/2006	10/30/2036	3 month EURIBOR + 2.05
Trust CS 2006-4	16,470			2.84%	16,470			2.27%	12/5/2006	1/30/2037	3 month LIBOR + 1.95
Trust CS 2006-5	6,650			2.84%	6,650			2.27%	12/19/2006	1/30/2037	3 month LIBOR + 1.95
Trust CS 2007-2	39,177			2.84%	39,177			2.27%	6/13/2007	7/30/2037	3 month LIBOR + 1.95
Gross subordinated debentures	538,973				539,795
Unamortized discount (2)	(98,229		)		(103,795		)
Net subordinated debentures	$	440,744			$	436,000

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(1) Denomination is in Euros with a value of €25.8 million.

(2) Amount represents the fair value adjustment on trust preferred securities assumed in acquisitions.