XML 93 R39.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Subordinated Debentures (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2019
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, 2019 and 2018:
| December 31, |  |  |  |  |
| 2019 |  | 2018 |  | Interest Rate |  | Due Date
| (Dollars in thousands) |  |  |  |  |
American Equity Capital Trust II | $ | 77,822 |  |  | $ | 77,551 |  |  | 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 |  |  | *LIBOR + | 3.75% |  | December 15, 2034
American Equity Capital Trust VIII | — |  |  | 20,620 |  |  | *LIBOR + | 3.75% |  | December 15, 2034
American Equity Capital Trust IX | — |  |  | 15,470 |  |  | *LIBOR + | 3.65% |  | June 15, 2035
American Equity Capital Trust X | — |  |  | 20,620 |  |  | *LIBOR + | 3.65% |  | September 15, 2035
American Equity Capital Trust XI | — |  |  | 20,620 |  |  | *LIBOR + | 3.65% |  | December 15, 2035
American Equity Capital Trust XII | 41,238 |  |  | 41,238 |  |  | *LIBOR + | 3.50% |  | April 7, 2036
| 159,272 |  |  | 247,161 |  |  |  |  |  |
Unamortized debt issue costs | (2,007 | ) |  | (4,179 | ) |  |  |  |  |
| $ | 157,265 |  |  | $ | 242,982 |  |  |  |  |  |
*—three month London Interbank Offered Rate

X
- Definition Tabular disclosure of borrowings under subordinated debt agreements that qualify as available in computing net capital under SEC uniform net capital rules for broker-dealers, including restrictive covenants, collateral, interest rates and due dates, amounts due by date and amount owed in total. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6479118&loc=d3e64650-112822 + Details
Name: | us-gaap_ScheduleOfSubordinatedBorrowingTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SubordinatedBorrowingsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration