4. Debt

6 Months Ended

Jun. 30, 2019

Debt Disclosure [Abstract]

Debt

(4) Debt

The terms and amounts of our other debt outstanding at June 30, 2019 and December 31, 2018 are summarized below:

				Amount Outstanding at
				June 30,		December 31,
				2019		2018
				(In thousands)
Description	Interest Rate	Maturity
Warehouse lines of credit	5.50% over one month Libor (Minimum 6.50%)		February 2021	$	41,509	$	38,198
	3.00% over one month Libor (Minimum 3.75%)		September 2020		74,851		99,885
	6.75% over a commercial paper rate (Minimum 7.75%)		November 2019		24,400		–
Residual interest financing	8.60%		January 2026		40,000		40,000
Subordinated renewable notes	Weighted average rate of 8.71% and 8.53% at June 30, 2019 and December 31, 2018 , respectively		Weighted average maturity of September 2021 and January 2021 at June 30, 2019 and December 31, 2018, respectively		14,368		17,290
				$	195,128	$	195,373

On February 22, 2019 we renewed our $100 million warehouse credit line that was first established in May 2012. There was $41.5 million outstanding under this facility at June 30, 2019. The revolving period for this facility was extended to February 2021 followed by an amortization period through February 2023 for any receivables pledged at the end of the revolving period.

Unamortized debt issuance costs of $708,000 and $894,000 as of June 30, 2019 and December 31, 2018, respectively, have been excluded from the amount reported above for residual interest financing. Similarly, unamortized debt issuance costs of $1.5 million and $1.2 million as of June 30, 2019 and December 31, 2018, respectively, have been excluded from the Warehouse lines of credit amounts in the table above. These debt issuance costs are presented as a direct deduction to the carrying amount of the debt on our Unaudited Condensed Consolidated Balance Sheets.