Borrowings and Subordinated Debentures (Tables)

3 Months Ended

Mar. 31, 2018

Debt Disclosure [Abstract]

Schedule of debt

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

	March 31, 2018				December 31, 2017
			Weighted				Weighted
			Average				Average
	Amount		Rate		Amount		Rate
	(Dollars in thousands)
Non‑recourse debt	$	284	6.94	%	$	342	6.87	%
FHLB secured advances	340,000		1.87	%	332,000		1.41	%
FHLB unsecured overnight advance	135,000		1.85	%	135,000		1.34	%
AFX borrowings	100,000		1.82	%	—		—	%
Total borrowings	$	575,284			$	467,342

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:

	March 31, 2018					December 31, 2017					Date	Maturity	Rate Index
Series	Amount			Rate		Amount			Rate		Issued	Date	(Quarterly Reset)
	(Dollars in thousands)
Trust V	$	10,310		5.28	%	$	10,310		4.70	%	8/15/2003	9/17/2033	3 month LIBOR + 3.10
Trust VI	10,310			5.17	%	10,310			4.64	%	9/3/2003	9/15/2033	3 month LIBOR + 3.05
Trust CII	5,155			5.13	%	5,155			4.55	%	9/17/2003	9/17/2033	3 month LIBOR + 2.95
Trust VII	61,856			4.52	%	61,856			4.13	%	2/5/2004	4/23/2034	3 month LIBOR + 2.75
Trust CIII	20,619			3.81	%	20,619			3.28	%	8/15/2005	9/15/2035	3 month LIBOR + 1.69
Trust FCCI	16,495			3.72	%	16,495			3.19	%	1/25/2007	3/15/2037	3 month LIBOR + 1.60
Trust FCBI	10,310			3.67	%	10,310			3.14	%	9/30/2005	12/15/2035	3 month LIBOR + 1.55
Trust CS 2005-1	82,475			4.07	%	82,475			3.54	%	11/21/2005	12/15/2035	3 month LIBOR + 1.95
Trust CS 2005-2	128,866			3.72	%	128,866			3.33	%	12/14/2005	1/30/2036	3 month LIBOR + 1.95
Trust CS 2006-1	51,545			3.72	%	51,545			3.33	%	2/22/2006	4/30/2036	3 month LIBOR + 1.95
Trust CS 2006-2	51,550			3.72	%	51,550			3.33	%	9/27/2006	10/30/2036	3 month LIBOR + 1.95
Trust CS 2006-3 (1)	31,773			1.72	%	30,986			1.72	%	9/29/2006	10/30/2036	3 month EURIBOR + 2.05
Trust CS 2006-4	16,470			3.72	%	16,470			3.33	%	12/5/2006	1/30/2037	3 month LIBOR + 1.95
Trust CS 2006-5	6,650			3.72	%	6,650			3.33	%	12/19/2006	1/30/2037	3 month LIBOR + 1.95
Trust CS 2007-2	39,177			3.72	%	39,177			3.33	%	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	543,561					555,146
Unamortized discount (3)	(91,338		)			(92,709		)
Net subordinated debentures	$	452,223				$	462,437

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