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Subordinated Debentures
9 Months Ended
Sep. 30, 2012
Subordinated Debentures [Abstract]  
Subordinated Borrowings Disclosure [Text Block]
Subordinated Debentures
In May 2012, we issued a notice of mandatory redemption of all of our 8% Convertible Junior Subordinated Debentures (the "Debentures") and American Equity Capital Trust I, the holder of all of the Debentures, issued notices of mandatory redemption of all of its 8% Convertible Trust Preferred Securities and all of its 8% Trust Common Securities. As of September 30, 2012, $20.6 million principal amount (688,327 shares) of 8% Convertible Trust Preferred Securities were converted into 2,549,333 shares of our common stock. The remaining 44,001 shares of these trust preferred securities either have been or will be settled in cash of approximately $1.3 million.