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Borrowings and Subordinated Debentures (Tables)
 12 Months Ended
Dec. 31, 2017
Debt Disclosure [Abstract]  
Schedule of Debt
The following table summarizes our borrowings as of the dates indicated:
 
December 31, 2017
 
December 31, 2016
 
 
 
Weighted
 
 
 
Weighted
 
 
 
Average
 
 
 
Average
Borrowing Type
Amount
 
Rate
 
Amount
 
Rate
 
(Dollars in thousands)
Non‑recourse debt
$
342

 
6.87%
 
$
812

 
6.41%
FHLB secured advances
332,000

 
1.41%
 
735,000

 
0.59%
FHLB unsecured overnight advance
135,000

 
1.34%
 
130,000

 
0.55%
AFX borrowings
—

 
—%
 
40,000

 
0.81%
Total borrowings
$
467,342

 
 
 
$
905,812

 
 
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, 2017
 
December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Issue
 
Maturity
 
Rate Index
Series
Amount
 
Rate
 
Amount
 
Rate
 
Date
 
Date
 
(Quarterly Reset)
 
(Dollars in thousands)
 
 
 
 
 
 
Trust V
$
10,310

 
4.70
%
 
$
10,310

 
4.09
%
 
8/15/2003
 
9/17/2033
 
3 month LIBOR + 3.10
Trust VI
10,310

 
4.64
%
 
10,310

 
4.01
%
 
9/3/2003
 
9/15/2033
 
3 month LIBOR + 3.05
Trust CII
5,155

 
4.55
%
 
5,155

 
3.95
%
 
9/17/2003
 
9/17/2033
 
3 month LIBOR + 2.95
Trust VII
61,856

 
4.13
%
 
61,856

 
3.64
%
 
2/5/2004
 
4/23/2034
 
3 month LIBOR + 2.75
Trust CIII
20,619

 
3.28
%
 
20,619

 
2.65
%
 
8/15/2005
 
9/15/2035
 
3 month LIBOR + 1.69
Trust FCCI
16,495

 
3.19
%
 
16,495

 
2.56
%
 
1/25/2007
 
3/15/2037
 
3 month LIBOR + 1.60
Trust FCBI
10,310

 
3.14
%
 
10,310

 
2.51
%
 
9/30/2005
 
12/15/2035
 
3 month LIBOR + 1.55
Trust CS 2005-1
82,475

 
3.54
%
 
82,475

 
2.91
%
 
11/21/2005
 
12/15/2035
 
3 month LIBOR + 1.95
Trust CS 2005-2
128,866

 
3.33
%
 
128,866

 
2.84
%
 
12/14/2005
 
1/30/2036
 
3 month LIBOR + 1.95
Trust CS 2006-1
51,545

 
3.33
%
 
51,545

 
2.84
%
 
2/22/2006
 
4/30/2036
 
3 month LIBOR + 1.95
Trust CS 2006-2
51,550

 
3.33
%
 
51,550

 
2.84
%
 
9/27/2006
 
10/30/2036
 
3 month LIBOR + 1.95
Trust CS 2006-3 (1)
30,986

 
1.72
%
 
27,185

 
1.74
%
 
9/29/2006
 
10/30/2036
 
3 month EURIBOR + 2.05
Trust CS 2006-4
16,470

 
3.33
%
 
16,470

 
2.84
%
 
12/5/2006
 
1/30/2037
 
3 month LIBOR + 1.95
Trust CS 2006-5
6,650

 
3.33
%
 
6,650

 
2.84
%
 
12/19/2006
 
1/30/2037
 
3 month LIBOR + 1.95
Trust CS 2007-2
39,177

 
3.33
%
 
39,177

 
2.84
%
 
6/13/2007
 
7/30/2037
 
3 month LIBOR + 1.95
Trust I (2)
6,186

 
3.64
%
 
—

 
—
%
 
12/10/2004
 
3/15/2035
 
3 month LIBOR + 2.05
Trust II (2)
3,093

 
3.34
%
 
—

 
—
%
 
12/23/2005
 
3/15/2036
 
3 month LIBOR + 1.75
Trust III (2)
3,093

 
3.44
%
 
—

 
—
%
 
6/30/2006
 
9/18/2036
 
3 month LIBOR + 1.85
Gross subordinated debentures
555,146

 
 
 
538,973

 
 
 
 
 
 
 
 
Unamortized discount (3)
(92,709
)
 
 
 
(98,229
)
 
 
 
 
 
 
 
 
Net subordinated debentures
$
462,437

 
 
 
$
440,744

 
 
 
 
 
 
 
 
___________________
(1)
Denomination is in Euros with a value of €25.8 million.
(2)
Acquired in the CUB acquisition on October 20, 2017.
(3)
Amount represents the fair value adjustment on trust preferred securities assumed in acquisitions.