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Debt (Tables)

12 Months Ended

Dec. 31, 2020

Debt Disclosure [Abstract]

Schedule of Subordinated Borrowing

The following table summarizes the key details of the Company’s subordinated debentures as of December 31, 2020 and 2019 (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 Mortgage Payable in Consolidated VIE

The following table presents detailed information for this mortgage payable in consolidated VIE as of December 31, 2020 (dollar amounts in thousands):

						Origination Date						Mortgage Note Amount						Net Deferred Finance Cost						Mortgage Payable, Net						Maturity Date						Interest Rate
Mortgage payable in Consolidated VIE						February 14, 2018						$	37,030					$	(278)					$	36,752					March 1, 2028						2.54		%

Schedule of Maturities of Long-term Debt

The Company's collateralized debt obligations as of December 31, 2020 had stated maturities as follows:

Year Ending December 31,						Total
2021						$	—
2022						—
2023						—
2024						—
2025						245,668
Thereafter						1,302,295
Total						$	1,547,963

As of December 31, 2020, maturities for debt on the Company's consolidated balance sheet are as follows (dollar amounts in thousands):

Year Ending December 31,						Total
2021						$	—
2022						138,000
2023						—
2024						—
2025						—
Thereafter						82,030
Total						$	220,030

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Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.

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Tabular disclosure of maturity and sinking fund requirement for long-term debt.

+ 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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