

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 subordinated notes listed represent debt the Company owes to the two trusts noted above. The total par amount owed by the Company to the trusts is $49,614. However, the Company owns 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 receives back from the trusts the pro rata share of interest and principal on the common stock we hold of $1,489. Accordingly, the Company shows 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.