DEBT (Tables)

6 Months Ended

Jun. 30, 2019

Debt [Abstract]

Schedule of Debt

	At				At
	June 30, 2019				December 31, 2018
			Wtd. Avg.				Wtd. Avg.
			Effective				Effective
	Carrying		Interest		Carrying		Interest
(dollars in thousands)	Value		Rate		Value		Rate
Other Debt
Subordinated debt (1)
Due within one year		2,214	3.8			2,232	3.7
Due after one year		94,390	3.8			95,490	3.7
Notes payable and other debt (2)
Due within one year		─	─			─	─
Due after one year		6,764	14.8			7,210	14.7
Total other debt		103,368	4.5			104,932	4.5
Asset Related Debt
Notes Payable and Other Debt
Bond related debt (3)
Due within one year	$	─	─	%	$	317	4.0	%
Due after one year		─	─			38,938	3.7
Non-bond related debt
Due within one year		1,550	5.0			1,500	5.0
Due after one year		2,950	5.0			3,500	5.0
Total asset related debt		4,500	5.0			44,255	3.9
Total debt	$	107,868	4.6		$	149,187	4.3

⁽¹⁾ The subordinated debt balances include net cost basis adjustments of $7.7  million and $7.9 million at June 30, 2019 and December 31, 2018, respectively, that pertain to premiums and debt issuance costs.

⁽²⁾ Included in notes payable and other debt – other debt were unamortized debt issue costs of $0.2 million at June 30, 2019 and December 31, 2018.

⁽³⁾ Included in notes payable and other debt – bond related debt were unamortized debt issuance costs. The balance at December 31, 2018 was de minimis.

Schedule of Maturities of Long-term Debt

	Asset Related Debt
(in thousands)	and Other Debt
2019	$	1,887
2020		9,335
2021		1,913
2022		1,879
2023		1,846
Thereafter		83,510
Net premium and debt issue costs		7,498
Total debt	$	107,868

Schedule of Subordinate Debt

(dollars in thousands)			Net Premium				Interim
			and Debt				Principal
Issuer	Principal		Issuance Costs		Carrying Value		Payments	Maturity Date	Coupon
MFH	$	26,261	$	2,335	$	28,596	Amortizing	March 30, 2035	3-month LIBOR plus 2.0%
MFH		23,879		2,133		26,012	Amortizing	April 30, 2035	3-month LIBOR plus 2.0%
MFH		13,765		1,137		14,902	Amortizing	July 30, 2035	3-month LIBOR plus 2.0%
MFH		25,027		2,067		27,094	Amortizing	July 30, 2035	3-month LIBOR plus 2.0%
Total	$	88,932	$	7,672	$	96,604