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Debt (Tables)

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Schedule of Subordinated Borrowing

The following table summarizes the key details of the Company’s subordinated debentures as of December 31, 2019 and 2018 (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 Maturities of Long-term Debt

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

Scheduled Maturity (principal amount)		December 31, 2018
Within 24 months		$	12,381
Over 24 months to 36 months		—
Over 36 months		33,177
Total		45,558
Discount		(2,983		)
Debt issuance cost		(240		)
Carrying value		$	42,335

As of December 31, 2019, maturities for debt on the Company's consolidated balance sheet are as follows (dollar amounts in thousands):

Year Ending December 31,	Total
2020	$	—
2021	—
2022	138,000
2023	—
2024	—
Thereafter	85,621
Total	$	223,621

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- References

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- Definition

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601

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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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6479118&loc=d3e64650-112822

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