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Securities Financing Including Redeemable Preferred Stocks | 6 Months Ended
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Jun. 30, 2017
Equity [Abstract] |
Securities Financing Including Redeemable Preferred Stocks | Note 11. Securities Financing Including Redeemable Preferred Stocks Series E Redeemable Preferred The Series E Redeemable Preferred has a 14% annual dividend rate and a participating right in dividends and liquidating distributions equal to 303,646 shares of common stock as of June 30, 2017. Dividends accrue semi-annually in arrears and are compounded. As discussed in Note 9, the embedded derivative, which includes certain contingent redemption features and the participation rights value, relating to the redemption of the Series E Redeemable Preferred has been bifurcated from the Series E Redeemable Preferred and recorded as a liability. Series F Redeemable Preferred As of June 30, 2017, the Series F Redeemable Preferred has voting rights (the “Series F Voting Rights”) to vote as a single class on all matters which the common stock have the right to vote and is entitled to a number of votes equal to 456,225 shares of our common stock. Changes in our Series E and Series F Redeemable Preferred are as follows:
|  | Series E Redeemable Preferred |
|  | Shares |  |  | Amount |
|  | (Dollars In Thousands) |
Balance at December 31, 2016 |  |  | 139,768 |  |  | $ | 145,029 |
Accretion relating to liquidation preference on preferred stock |  |  | — |  |  |  | 2,261 |
Accretion for discount and issuance costs on preferred stock |  |  | — |  |  |  | 956 |
Accumulated dividends |  |  | — |  |  |  | 11,325 |
Balance at June 30, 2017 |  |  | 139,768 |  |  | $ | 159,571 |

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