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Debt (Tables)

12 Months Ended

Dec. 31, 2018

Debt Disclosure [Abstract]

Schedule of Subordinated Borrowing

The following table summarizes the key details of the Company’s subordinated debentures as of December 31, 2018 and December 31, 2017 (dollar amounts in thousands):

	NYM Preferred Trust I				NYM Preferred Trust II
Principal value of trust preferred securities	$	25,000			$	20,000
Interest rate	Three month LIBOR plus 3.75%, resetting quarterly				Three month LIBOR plus 3.95%, resetting quarterly
Scheduled maturity	March 30, 2035				October 30, 2035

Schedule of Long-term Debt Instruments

The mortgages and notes payable in the consolidated VIEs as of December 31, 2018 are described below (dollar amounts in thousands):

		Assumption/Origination Date		Mortgage Note Amount as of December 31, 2018			Maturity Date		Interest Rate			Net Deferred Finance Costs
The Clusters		6/30/2014		27,296			7/6/2024		4.49	%		55
KRVI		12/16/2016		3,986			12/16/2019		7.00	%		—

Schedule of Maturities of Long-term Debt

The following table presents contractual maturity information about the Financing VIEs’ securitized debt as of December 31, 2018 and December 31, 2017, respectively (dollar amounts in thousands):

Scheduled Maturity (principal amount)		December 31, 2018				December 31, 2017
Within 24 months		$	12,381			$	53,089
Over 24 months to 36 months		—				—
Over 36 months		33,177				33,350
Total		45,558				86,439
Discount		(2,983		)		(4,232		)
Debt issuance cost		(240		)		(670		)
Carrying value		$	42,335			$	81,537

As of December 31, 2018, maturities for debt on the Company's consolidated balance sheet are as follows (dollar amounts in thousands):

Year Ending December 31,
2019	$	3,986
2020	—
2021	—
2022	138,000
2023	—
Thereafter	72,296
Total	$	214,282

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented.

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Tabular disclosure of borrowings under subordinated debt agreements that qualify as available in computing net capital under SEC uniform net capital rules for broker-dealers, including restrictive covenants, collateral, interest rates and due dates, amounts due by date and amount owed in total.

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