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Borrowings and Subordinated Debentures (Tables)
 12 Months Ended
Dec. 31, 2018
Debt Disclosure [Abstract]  
Schedule of Debt
The following table summarizes our borrowings as of the dates indicated:
 
December 31, 2018
 
December 31, 2017
 
 
 
Weighted
 
 
 
Weighted
 
 
 
Average
 
 
 
Average
Borrowing Type
Amount
 
Rate
 
Amount
 
Rate
 
(Dollars in thousands)
Non‑recourse debt
$
114

 
7.50
%
 
$
342

 
6.87
%
FHLB secured advances
1,040,000

 
2.56
%
 
332,000

 
1.41
%
FHLB unsecured overnight advance
141,000

 
2.53
%
 
135,000

 
1.34
%
AFX borrowings
190,000

 
2.56
%
 
—

 
—
%
Total borrowings
$
1,371,114

 
2.56
%
 
$
467,342

 
1.39
%
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, 2018
 
December 31, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Issue
 
Maturity
 
Rate Index
Series
Amount
 
Rate
 
Amount
 
Rate
 
Date
 
Date
 
(Quarterly Reset)
 
(Dollars in thousands)
 
 
 
 
 
 
Trust V
$
10,310

 
5.89
%
 
$
10,310

 
4.70
%
 
8/15/2003
 
9/17/2033
 
3-month LIBOR + 3.10
Trust VI
10,310

 
5.84
%
 
10,310

 
4.64
%
 
9/3/2003
 
9/15/2033
 
3-month LIBOR + 3.05
Trust CII
5,155

 
5.74
%
 
5,155

 
4.55
%
 
9/17/2003
 
9/17/2033
 
3-month LIBOR + 2.95
Trust VII
61,856

 
5.27
%
 
61,856

 
4.13
%
 
2/5/2004
 
4/23/2034
 
3-month LIBOR + 2.75
Trust CIII
20,619

 
4.48
%
 
20,619

 
3.28
%
 
8/15/2005
 
9/15/2035
 
3-month LIBOR + 1.69
Trust FCCI
16,495

 
4.39
%
 
16,495

 
3.19
%
 
1/25/2007
 
3/15/2037
 
3-month LIBOR + 1.60
Trust FCBI
10,310

 
4.34
%
 
10,310

 
3.14
%
 
9/30/2005
 
12/15/2035
 
3-month LIBOR + 1.55
Trust CS 2005-1
82,475

 
4.74
%
 
82,475

 
3.54
%
 
11/21/2005
 
12/15/2035
 
3-month LIBOR + 1.95
Trust CS 2005-2
128,866

 
4.47
%
 
128,866

 
3.33
%
 
12/14/2005
 
1/30/2036
 
3-month LIBOR + 1.95
Trust CS 2006-1
51,545

 
4.47
%
 
51,545

 
3.33
%
 
2/22/2006
 
4/30/2036
 
3-month LIBOR + 1.95
Trust CS 2006-2
51,550

 
4.47
%
 
51,550

 
3.33
%
 
9/27/2006
 
10/30/2036
 
3-month LIBOR + 1.95
Trust CS 2006-3 (1)
29,556

 
1.73
%
 
30,986

 
1.72
%
 
9/29/2006
 
10/30/2036
 
3-month EURIBOR + 2.05
Trust CS 2006-4
16,470

 
4.47
%
 
16,470

 
3.33
%
 
12/5/2006
 
1/30/2037
 
3-month LIBOR + 1.95
Trust CS 2006-5
6,650

 
4.47
%
 
6,650

 
3.33
%
 
12/19/2006
 
1/30/2037
 
3-month LIBOR + 1.95
Trust CS 2007-2
39,177

 
4.47
%
 
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
541,344

 
4.51
%
 
555,146

 
3.42
%
 
 
 
 
 
 
Unamortized discount (3)
(87,498
)
 
 
 
(92,709
)
 
 
 
 
 
 
 
 
Net subordinated debentures
$
453,846

 
 
 
$
462,437

 
 
 
 
 
 
 
 
___________________
(1)
Denomination is in Euros with a value of €25.8 million.
(2)
Acquired in the CUB acquisition on October 20, 2017 and redeemed in the first quarter of 2018.
(3)
Amount represents the fair value adjustment on trust preferred securities assumed in acquisitions.