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Debt (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2015
Debt [Abstract] |
Debt Outstanding |
DETAIL OF DEBT
(Dollars in Thousands)
Description |  | Current Outstanding Par |  |  | December 31, 2015 |  | December 31, 2014 |  | Interest Rate Terms |  | Interest (3) |  | Maturity
Contingent convertible debt: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
8.00% contingent convertible senior notes (the "8.0% Convertible Notes") |  | $ | 8,248 |  |  | $ | 8,248 |  | $ | 8,248 |  | Fixed |  |  | 8.00 | % |  | September 2018 (1)
|  |  | 8,248 |  |  |  | 8,248 |  |  | 8,248 |  |  |  |  |  |  |  |
Junior subordinated notes: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Alesco Capital Trust I |  |  | 28,125 | (2) |  |  | 12,084 |  |  | 11,499 |  | Variable |  |  | 4.61 | % |  | July 2037
Sunset Financial Statutory Trust I |  |  | 20,000 | (2) |  |  | 8,613 |  |  | 8,192 |  | Variable |  |  | 4.76 | % |  | March 2035
|  | $ | 48,125 |  |  |  | 20,697 |  |  | 19,691 |  |  |  |  |  |  |  |
Total |  |  |  |  |  | $ | 28,945 |  | $ | 27,939 |  |  |  |  |  |  |  |
(1)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.
| (2) |  | The junior subordinate d notes listed represent debt the Company owe s to the two trusts noted above. The total par amount owed by the Company to the trusts is $49,614. However, the Company own s the common stock of the trusts in a total par amount of $1,489. The Company pays interest (and at maturity, principal) to the trusts on the entire $49,614 junior notes outstanding. However, the Company receive s back from the trusts the pro rata share of interest and principal on the common stock we hol d of $1,489. Accordingly, the Company show s the net par value not held by it of $48,125 in the table above. These trusts are VIEs and the Company does not consolidate them even though the Company holds the common stock. The Company carries the common stock on its balance sheet at a value of $0.
(3)Represents the interest rate as of the last day of the reporting period.

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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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