Debt (Tables)

12 Months Ended

Dec. 31, 2019

Debt [Abstract]

Contractual Minimum Principle Payments Of Debt Outstanding

	Lines-of- ‎credit ‎and notes payable		Recourse ‎receivable- ‎backed ‎notes ‎payable		Non-recourse ‎receivable- ‎backed ‎ notes payable		Junior ‎subordinated ‎debentures		Total
2020	$	10,275	$	—	$	—	$	—	$	10,275
2021		12,200		4,861		—		—		17,061
2022		14,470		8,263		—		—		22,733
2023		8,125		34,537		—		—		42,662
2024		102,500		36,136		31,708		—		170,344
Thereafter		—		4,772		307,663		110,827		423,262
Unamortized debt issuance costs		(1,410)		—		(5,125)		—		(6,535)
Purchase accounting adjustment		—		—		—		(38,746)		(38,746)
Total	$	146,160	$	88,569	$	334,246	$	72,081	$	641,056

Lines-Of-Credit And Notes Payable

	As of December 31,
	2019					2018
	Balance		Interest ‎Rate	Carrying ‎Amount of ‎Pledged ‎Assets		Balance		Interest ‎Rate	Carrying ‎Amount of ‎Pledged ‎Assets
2013 Notes Payable	$	—	—	$	—	$	28,125	5.50%	$	22,878
Fifth Third Bank Note Payable		—	—		—		3,834	5.34%		7,892
NBA Éilan Loan		18,820	4.95%		31,259		25,603	5.60%		35,615
Fifth Third Syndicated LOC		30,000	3.85%		49,062		55,000	5.27%		92,415
Fifth Third Syndicated Term		98,750	3.71%		161,497		22,500	5.37%		27,724
Unamortized debt issuance costs		(1,410)	—		—		(1,671)	—		—
Total	$	146,160		$	241,818	$	133,391		$	186,524

Receivable-Backed Notes Payable

	As of December 31,
	2019					2018
	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	$	25,860	4.75%	$	31,681	$	17,654	5.25%	$	22,062
NBA Receivables Facility		32,405	4.55%		39,787		48,414	5.27%		57,805
Pacific Western Facility		30,304	4.68%		37,809		10,606	5.52%		13,730
Total		88,569			109,277		76,674			93,597
Receivable-backed notes payable - ‎ non-recourse:
KeyBank/DZ Purchase Facility	$	31,708	3.99%	$	39,448	$	—	—	$	—
Quorum Purchase Facility		44,525	4.75-5.50%		49,981		40,074	4.75-5.50%		45,283
2012 Term Securitization		8,638	2.94%		9,878		15,212	2.94%		16,866
2013 Term Securitization		18,219	3.20%		19,995		27,573	3.20%		29,351
2015 Term Securitization		31,188	3.02%		33,765		44,230	3.02%		47,690
2016 Term Securitization		48,529	3.35%		54,067		63,982	3.35%		72,590
2017 Term Securitization		65,333	3.12%		74,219		83,513	3.12%		95,877
2018 Term Securitization		91,231	4.02%		103,974		114,480	4.02%		125,916
Unamortized debt issuance costs		(5,125)	—		—		(6,807)	—		—
Total		334,246			385,327		382,257			433,573
Total receivable-backed debt	$	422,815		$	494,604	$	458,931		$	527,170

Junior Subordinated Debentures Outstanding

We had the following junior subordinated debentures outstanding at December 31, 2019 (dollars in thousands):

Trust	Carrying Value ‎as of ‎December 31, ‎ 2019 (1)		Initial ‎Equity In ‎Trust(2)		Issue ‎Date	Interest Rate	Interest ‎Rate at ‎December 31, ‎2019	Maturity ‎Date	Carrying Value ‎ as of December 31, 2018 (1)
BST I	$	15,059	$	355	3/15/2005	3-month LIBOR ‎+ 4.90%	6.86%	3/30/2035	$	14,900
BST II		16,862		401	5/4/2005	3-month LIBOR ‎ + 4.85%	6.79%	7/30/2035		16,688
BST III		6,823		164	5/10/2005	3-month LIBOR ‎ + 4.85%	6.79%	7/30/2035		6,755
BST IV		10,040		237	4/24/2006	3-month LIBOR ‎+ 4.85%	6.81%	6/30/2036		9,933
BST V		10,040		237	7/21/2006	3-month LIBOR ‎+ 4.85%	6.81%	9/30/2036		9,933
BST VI		13,257		311	2/26/2007	3-month LIBOR ‎+ 4.80%	6.74%	4/30/2037		13,114
	$	72,081	$	1,705					$	71,323

(1)Amounts include purchase accounting adjustment which reduced the total carrying value by $38.7 million and $39.5 million as of December 31, 2019 and 2018, respectively.

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