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v3.24.1.1.u2

Debt (Tables) | 3 Months Ended
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Mar. 31, 2024
Debt Disclosure [Abstract] |
Schedule of debt outstanding |
Schedule of debt outstanding |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  | Amount Outstanding at |
|  |  |  |  |  | March 31, |  |  | December 31, |
|  |  |  |  |  | 2024 |  |  | 2023 |
|  |  |  |  |  | (In thousands) |
Description |  | Interest Rate |  | Maturity |  |  |  |  |  |
Warehouse lines of credit |  | 3.00% over CP yield rate (Minimum 3.75%) 8.42% and 8.58% at March 31, 2024 and December 31 2023, respectively |  | July 2024 |  | $ | 184,079 |  |  | $ | 165,628 |
|  | 4.50% over a commercial paper rate (Minimum 7.50%) 9.94% and 9.63% at March 31 2024, and December 31 2023, respectively |  | March 2026 |  |  | 67,721 |  |  |  | 68,997 |
Residual interest financing |  | 7.86% |  | June 2026 |  |  | 50,000 |  |  |  | 50,000 |
Residual interest financing |  | 11.50% |  | March 2029 |  |  | 50,000 |  |  |  | – |
Subordinated renewable notes |  | Weighted average rate of 9.01% and 8.45% at March 31, 2024 and December 31, 2023, respectively |  | Weighted average maturity of May 2026 and February 2026 at March 31, 2024 and December 31, 2023, respectively |  |  | 22,140 |  |  |  | 17,188 |
|  |  |  |  |  | $ | 373,940 |  |  | $ | 301,813 |

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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. + References No definition available. + Details
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