Bank Call Loans

12 Months Ended

Dec. 31, 2020

Bank Call Loans [Abstract]

Bank Call Loans

Bank call loans

Bank call loans, primarily payable on demand, bear interest at various rates but not exceeding the broker call rate, which was 2.00% at December 31, 2020 (3.50% at December 31, 2019). Details of the bank call loans are as follows:

(Expressed in thousands, except percentages)
	2020			2019
Year-end balance	$	82,000		$	—
Weighted interest rate (at end of year)	1.09		%	—		%
Maximum balance (at any month-end)	203,100			76,900
Average amount outstanding (during the year)	82,760			11,063
Average interest rate (during the year)	0.93		%	3.27		%

Interest expense for the year ended December 31, 2020 on bank call loans was $0.8 million ($0.4 million in 2019 and $1.4 million in 2018).