Amount Outstanding at

June 30,

December 31,

2020

2019

(In thousands)

Description

Interest Rate

Maturity

Warehouse lines of credit

5.50% over one month Libor (Minimum 6.50%)

February 2021

$

15,871

$

40,558

3.00% over one month Libor (Minimum 3.75%)

September 2020

28,563

96,225

4.00% over a commercial paper rate (Minimum 5.00%)

December 2021

13,507

–

Residual interest financing

8.60%

January 2026

37,881

40,000

Subordinated renewable notes

Weighted average rate of 10.36% and 9.75% at June 30, 2020 and December 31, 2019 , respectively

Weighted average maturity of July 2022 and April 2022 at June 30, 2020 and December 31, 2019, respectively

19,580

17,534

$

115,402

$

194,317