Debt (Tables)

12 Months Ended

Dec. 31, 2016

Outstanding Debt

The Company’s outstanding debt consisted of the following at December 31, 2016 and 2015:

	December 31,
(Dollars in thousands)	2016		2015
Margin Borrowing Facilities	$	66,646	$	75,646
7.75% Subordinated Notes due 2045		96,497		96,388
Total	$	163,143	$	172,034

Amounts Recorded for the 7.75% Subordinated Notes

The following table represents the amounts recorded for the 7.75% subordinated notes as of December 31, 2016 and 2015:

	December 31, 2016
	Outstanding Principal		Unamortized Debt Issuance Costs			Net Carrying Amount
7.75% Subordinated Notes due 2045	$	100,000	$	(3,503	)	$	96,497

	December 31, 2015
	Outstanding Principal		Unamortized Debt Issuance Costs			Net Carrying Amount
7.75% Subordinated Notes due 2045	$	100,000	$	(3,612	)	$	96,388