Amount Outstanding at

March 31,

December 31,

2022

2021

(In thousands)

Description

Interest Rate

Maturity

Warehouse lines of credit

3.00% over one month Libor (Minimum 3.75%)

December 2022

$

69,430

$

70,590

3.50% over a commercial paper rate (Minimum 4.50%)

January 2024

78,750

35,420

Residual interest financing

8.60%

January 2026

–

4,311

Residual interest financing

7.86%

June 2026

50,000

Subordinated renewable notes

Weighted average rate of 8.65% and 8.93% at March 31, 2022 and December 31, 2021, respectively

Weighted average maturity of March 2024 and January 2024 at March 31, 2022 and December 31, 2021, respectively

26,756

26,459

$

224,936

$

186,780