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Subordinated Debentures (Tables)
 12 Months Ended
Dec. 31, 2014
Subordinated Borrowings [Abstract]  
Summary of Subordinated Debt Obligations to the Trusts
Following is a summary of subordinated debt obligations to the trusts at December 31, 2014 and 2013:
 
December 31,
 
 
 
 
 
 
2014
 
2013
 
Interest Rate
 
Due Date
 
(Dollars in thousands)
 
 
 
 
 
American Equity Capital Trust II
$
76,633

 
$
76,440

 
5%
 
June 1, 2047
American Equity Capital Trust III
27,840

 
27,840

 
*LIBOR +
3.90%
 
April 29, 2034
American Equity Capital Trust IV
12,372

 
12,372

 
*LIBOR +
4.00%
 
January 8, 2034
American Equity Capital Trust VII
10,830

 
10,830

 
*LIBOR +
3.75%
 
December 14, 2034
American Equity Capital Trust VIII
20,620

 
20,620

 
*LIBOR +
3.75%
 
December 15, 2034
American Equity Capital Trust IX
15,470

 
15,470

 
*LIBOR +
3.65%
 
June 15, 2035
American Equity Capital Trust X
20,620

 
20,620

 
*LIBOR +
3.65%
 
September 15, 2035
American Equity Capital Trust XI
20,620

 
20,620

 
*LIBOR +
3.65%
 
December 15, 2035
American Equity Capital Trust XII
41,238

 
41,238

 
*LIBOR +
3.50%
 
April 7, 2036
 
$
246,243

 
$
246,050

 
 
 
 
 

*—three month London Interbank Offered Rate