Debt (Tables)

3 Months Ended

Mar. 31, 2018

Debt [Abstract]

Lines-Of-Credit And Notes Payable

	As of
	March 31, 2018					December 31, 2017
	Balance		Interest Rate	Carrying Amount of Pledged Assets		Balance		Interest Rate	Carrying Amount of Pledged Assets
2013 Notes Payable	$	45,000	5.50%	$	31,504	$	46,500	5.50%	$	29,403
Pacific Western Term Loan		2,706	7.03%		10,203		2,715	6.72%		9,884
Fifth Third Bank Note Payable		4,018	4.66%		8,026		4,080	4.36%		8,071
NBA Line of Credit		484	4.91%		18,993		5,089	4.75%		15,260
Fifth Third Syndicated LOC		10,000	4.54%		81,071		20,000	4.27%		75,662
Fifth Third Syndicated Term		23,438	4.75%		25,335		23,750	4.32%		23,960
Unamortized debt issuance costs		(1,882)	—		—		(1,940)	—		—
Total	$	83,764		$	175,132	$	100,194		$	162,240

Receivable-Backed Notes Payable

	As of
	March 31, 2018					December 31, 2017
	Debt Balance		Interest Rate	Principal Balance of Pledged/ Secured Receivables		Debt Balance		Interest Rate	Principal Balance of Pledged/ Secured Receivables
Receivable-backed notes payable - recourse:
Liberty Bank Facility	$	22,375	5.00%	$	27,395	$	24,990	5.00%	$	30,472
NBA Receivables Facility		47,312	4.40%		59,647		44,414	4.10%		53,730
Pacific Western Facility		16,623	6.30%		21,199		15,293	6.00%		19,516
Total		86,310			108,241		84,697			103,718
Receivable-backed notes payable - non-recourse:
KeyBank/DZ Purchase Facility	$	21,904	4.63%	$	27,112	$	16,144	4.31%	$	19,866
Quorum Purchase Facility		21,689	4.75-6.90%		24,453		16,771	4.75-6.90%		18,659
2012 Term Securitization		21,058	2.94%		23,555		23,227	2.94%		25,986
2013 Term Securitization		34,627	3.20%		37,316		37,163	3.20%		39,510
2015 Term Securitization		54,667	3.02%		58,234		58,498	3.02%		61,705
2016 Term Securitization		77,979	3.35%		86,230		83,142	3.35%		91,348
2017 Term Securitization		100,846	3.12%		113,029		107,624	3.12%		119,582
Unamortized debt issuance costs		(5,746)	---		—		(6,148)	---		—
Total		327,024			369,929		336,421			376,656
Total receivable-backed debt	$	413,334		$	478,170	$	421,118		$	480,374

Junior Subordinated Debentures Outstanding

We had the following junior subordinated debentures outstanding at March 31, 2018(dollars in thousands):

Trust	Outstanding Amount of Junior Subordinated Debentures (1)		Initial Equity In Trust (2)		Issue Date	Beginning Optional Redemption Date	Interest Rate Following Beginning Optional Redemption Date	Interest Rate at March 31, 2018	Maturity Date
BST I	$	14,766	$	696	3/15/2005	3/30/2010	3-month LIBOR +  4.90%	7.21%	3/30/2035
BST II		16,539		774	5/4/2005	7/30/2010	3-month LIBOR + 4.85%	6.62%	7/30/2035
BST III		6,696		310	5/10/2005	7/30/2010	3-month LIBOR + 4.85%	6.62%	7/30/2035
BST IV		9,843		464	4/24/2006	6/30/2011	3-month LIBOR +  4.85%	7.16%	6/30/2036
BST V		9,843		464	7/21/2006	9/30/2011	3-month LIBOR +  4.85%	7.16%	9/30/2036
BST VI		12,990		619	2/26/2007	4/30/2012	3-month LIBOR +  4.80%	6.57%	4/30/2037
	$	70,677	$	3,327

(1) Amounts include purchase accounting adjustments which reduced the total carrying value by $40.2million.

(2) Initial Equity in Trust is recorded as part of other assets in the unaudited Consolidated Balance Sheets.

We had the following junior subordinated debentures outstanding at December 31, 2017  (dollars in thousands):

Trust	Outstanding Amount of Junior Subordinated Debentures (1)		Initial Equity In Trust (2)		Issue Date	Beginning Optional Redemption Date	Interest Rate Following Beginning Optional Redemption Date	Interest Rate at December 31, 2017	Maturity Date
BST I	$	14,703	$	696	3/15/2005	3/30/2010	3-month LIBOR +  4.90%	6.59%	3/30/2035
BST II		16,472		774	5/4/2005	7/30/2010	3-month LIBOR + 4.85%	6.23%	7/30/2035
BST III		6,670		310	5/10/2005	7/30/2010	3-month LIBOR + 4.85%	6.23%	7/30/2035
BST IV		9,802		464	4/24/2006	6/30/2011	3-month LIBOR +  4.85%	6.54%	6/30/2036
BST V		9,802		464	7/21/2006	9/30/2011	3-month LIBOR +  4.85%	6.54%	9/30/2036
BST VI		12,935		619	2/26/2007	4/30/2012	3-month LIBOR +  4.80%	6.18%	4/30/2037
	$	70,384	$	3,327

(1) Amounts include purchase accounting adjustments which reduced the total carrying value by $40.4 million.

(2) Initial Equity in Trust is recorded as part of other assets in the unaudited Consolidated Balance Sheets.