Debt (Tables)

12 Months Ended

Dec. 31, 2015

Outstanding Debt

The Company’s outstanding debt consisted of the following at December 31, 2015 and 2014:

	December 31,
(Dollars in thousands)	2015		2014
Margin Borrowing Facilities	$	75,646	$	174,673
7.75% Subordinated Notes due 2045		96,388		—
Total	$	172,034	$	174,673

Amounts Recorded for the 7.75% Subordinated Notes

The following table represents the amounts recorded for the 7.75% subordinated notes as of December 31, 2015:

	December 31, 2015
	Outstanding Principal		Unamortized Debt Issuance Costs			Net Carrying Amount
7.75% Subordinated Notes due 2045		100,000		(3,612	)		96,388