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6. Debt (Tables)

12 Months Ended

Dec. 31, 2018

Debt Disclosure [Abstract]

Schedule of debt outstanding

The terms of our debt outstanding at December 31, 2018 and 2017 are summarized below:

						December 31,				December 31,
						2018				2017
						(In thousands)
Description		Interest Rate		Maturity
Warehouse lines of credit		5.50% over one month Libor (Minimum 6.50%)		February 2021		$	38,198			$	25,629
		3.00% over one month Libor (Minimum 3.75%)		September 2020			99,885				77,546
		6.75% over a commercial paper rate (Minimum 7.75%)		November 2019			–				11,100
Residual interest financing		8.60%		January 2026			40,000				–
Subordinated renewable notes		Weighted average rate of 8.53% and 7.99% at December 31, 2018 and December 31, 2017, respectively		Weighted average maturity of January 2021 and March 2020 at December 31, 2018 and December 31, 2017, respectively			17,290				16,566
						$	195,373			$	130,841

Schedule of expected maturity amounts for long-term debt

The following table summarizes the contractual and expected maturity amounts of long term debt as of December 31, 2018:

Contractual maturity date		Subordinated renewable notes
2019		$	8,561
2020			2,788
2021			3,607
2022			404
2023			366
Thereafter			1,564
Total		$	17,290

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- Definition

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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- 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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