Amount Outstanding at

March 31,

December 31,

2020

2019

(In thousands)

Description

Interest Rate

Maturity

Warehouse lines of credit

5.50% over one month Libor (Minimum 6.50%)

February 2021

$

50,776

$

40,558

3.00% over one month Libor (Minimum 3.75%)

September 2020

53,411

96,225

4.00% over a commercial paper rate (Minimum 5.00%)

December 2021

39,434

–

Residual interest financing

8.60%

January 2026

38,342

40,000

Subordinated renewable notes

Weighted average rate of 9.92% and 9.75% at March 31, 2020 and December 31, 2019, respectively

Weighted average maturity of July 2022 and April 2022 at March 31, 2020 and December 31, 2019, respectively

18,322

17,534

$

200,285

$

194,317