

DETAIL OF DEBT
(Dollars in Thousands)

Description	Current Outstanding Par			September 30, 2013		December 31, 2012		Interest Rate Terms		Interest (6)		Maturity
Contingent convertible senior notes:
10.50% contingent convertible senior notes (the "New Notes")	$	8,121		$	8,096	$	8,068	10.50%		10.50	%	May 2014 (1)
8.00% contingent convertible senior notes (the "8.0% Convertible Notes")		8,248			8,248		-	8.00%		8.00	%	September 2018 (2)
	$	16,369		$	16,344		8,068
Junior subordinated notes:
Alesco Capital Trust I	$	28,125	(3)		10,563		10,189	4.25%		4.25	%	July 2037
Sunset Financial Statutory Trust I		20,000	(3)		7,518		7,248	4.40%		4.40	%	March 2035
	$	48,125			18,081		17,437
Subordinated notes payable	$	-			-		342	12.00%	(4)	12.00	%	June 2013
Star Asia Manager note payable	$	165			165		-	3.00%		3.00	%	(5)
Total				$	34,590	$	25,847

(1)Represents the holder’s earliest put date and the Company’s earliest redemption date. The contractual maturity for the New Notes is May 2027.

The Company may redeem all or part of the $8,121 aggregate principal amount of the New Notes for cash on or after May 20, 2014, at a redemption price equal to the principal amount of the New Notes, plus accrued and unpaid interest and additional interest, if any, to, but excluding, the repurchase date. The holders of the New Notes may require the Company to repurchase all or a portion of the New Notes for cash on May 15, 2014; May 15, 2017; and May 15, 2022 for a repurchase price equal to the principal amount of the New Notes, plus accrued and unpaid interest and additional interest, if any, to, but excluding, the repurchase date. The holders of the New Notes are required to provide notice to the Company of their plan to redeem the New Notes at any time during the 30 days prior to May 15, 2014; May 15, 2017; and May 15, 2022.

(2)The holders of the 8.0% Convertible Notes may convert all or any part of the outstanding principal amount of the 8.0% Convertible Notes at any time prior to maturity into shares of the Company’s common stock at a conversion price of $3.00 per share, subject to customary anti-dilution adjustments.

(3)The outstanding par represents the total par amount of the junior subordinated notes held by two separate trusts. The Company does not consolidate these trusts. The Company holds $1,489 par value of these junior subordinated notes, comprised of $870 par value of junior subordinated notes related to Alesco Capital Trust I and $619 par value of junior subordinated notes related to Sunset Financial Statutory Trust I. These notes have a carrying value of $0. Therefore, the net par value held by third parties is $48,125.

(4)Comprised of 9% paid currently and 3% paid in kind. The subordinated note payable was fully repaid in June 2013.

(5)The Star Asia Manager note payable has no stated maturity date. See description of payment terms below.

(6)Represents the interest rate as of the last day of the reporting period.