|
Amounts |
(Dollars in Thousands) |
Outstanding |
$25 million warehouse line of credit agreement expiring October 2020. Interest is at LIBOR plus 2.25%, with a floor rate of 3.50%. A cash pledge deposit of $0.1 million is required by the lender.(1) |
$ |
23,860 |
|
|
|
$50 million master repurchase agreement without defined expiration. Interest is at the LIBOR plus 2.24% to 3.00%, with a floor rate of 3.25%. A cash pledge deposit of $0.5 million is required by the lender. |
|
41,528 |
|
|
|
$50 million warehouse line of credit agreement expiring in September 2020. Interest is at the LIBOR plus 2.25%.(2) |
|
19,585 |
|
|
|
|
$ |
84,973 |
(1) In October 2020, the warehouse line was extended to November 15, 2020 with a $40 million line of credit.
(2) In October 2020, the warehouse line was renewed through September 30, 2021 with an interest rate of LIBOR plus 2.75%.
|