

DETAIL OF DEBT
(Dollars in Thousands)

Description	Current Outstanding Par			December 31, 2014		December 31, 2013		Interest Rate Terms	Interest (3)		Maturity
Contingent convertible senior notes:
10.50% contingent convertible senior notes (the "New Notes")	$	-		$	-	$	3,115	10.50%	10.50	%	May 2014
8.00% contingent convertible senior notes (the "8.0% Convertible Notes")		8,248			8,248		8,248	8.00%	8.00	%	September 2018 (1)
	$	8,248		$	8,248		11,363
Junior subordinated notes:
Alesco Capital Trust I	$	28,125	(2)		11,499		10,697	4.26%	4.26	%	July 2037
Sunset Financial Statutory Trust I		20,000	(2)		8,192		7,614	4.41%	4.41	%	March 2035
	$	48,125			19,691		18,311
Total				$	27,939	$	29,674

(1)The holders of the 8.0% Convertible Notes may convert all or any part of the outstanding principal amount of the 8.0% Convertible Notes at any time prior to maturity into shares of the Company’s Common Stock at a conversion price of $3.00 per share, subject to customary anti-dilution adjustments.

(2)The outstanding par represents the total par amount of the junior subordinated notes held by two separate trusts. The Company does not consolidate these trusts. The Company holds $1,489 par value of these junior subordinated notes, comprised of $870 par value of junior subordinated notes related to Alesco Capital Trust I and $619 par value of junior subordinated notes related to Sunset Financial Statutory Trust I. These notes have a carrying value of $0. Therefore, the net par value held by third parties is $48,125.

(3)Represents the interest rate as of the last day of the reporting period.