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Loans Receivable | 12 Months Ended
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Dec. 31, 2022
Receivables [Abstract] |
Loans Receivable | Loans Receivable At December 31, 2022 and 2021, loans receivable were as follows:
| As of December 31,
(In thousands) | 2022 |  | 2021
Amortized cost (net of allowance for expected credit losses): |  |  |
Real estate loans | $ | 173,616 |  |  | $ | 89,431 |
Commercial loans | 19,386 |  |  | 25,741 |
Total | $ | 193,002 |  |  | $ | 115,172 |
Fair value: |  |  |
Real estate loans | $ | 168,595 |  |  | $ | 90,793 |
Commercial loans | 19,386 |  |  | 25,741 |
Total | $ | 187,981 |  |  | $ | 116,534 |
The real estate loans are secured by commercial and residential real estate primarily located in London and New York. These loans generally earn interest at fixed or stepped interest rates and have maturities through 2026. The commercial loans are with small business owners who have secured the related financing with the assets of the business. Commercial loans primarily earn interest on a fixed basis and have varying maturities generally not exceeding 10 years. Loans receivable in non-accrual status was none and $0.2 million as of December 31, 2022 and 2021, respectively. The following table presents the rollforward of the allowance for expected credit losses for loans receivable for the years ended December 31, 2022 and 2021:
| 2022 |  | 2021
(In thousands) | Real Estate Loans |  | Commercial Loans |  | Total |  | Real Estate Loans |  | Commercial Loans |  | Total
Allowance for expected credit losses, beginning of period | $ | 1,362 |  |  | $ | 356 |  |  | $ | 1,718 |  |  | $ | 1,683 |  |  | $ | 3,754 |  |  | $ | 5,437 |
Change in allowance for expected credit losses | (262) |  |  | 335 |  |  | 73 |  |  | (321) |  |  | (3,398) |  |  | (3,719) |
Allowance for expected credit losses, end of period | $ | 1,100 |  |  | $ | 691 |  |  | $ | 1,791 |  |  | $ | 1,362 |  |  | $ | 356 |  |  | $ | 1,718 |
The Company monitors the performance of its loans receivable and assesses the ability of the borrower to pay principal and interest based upon loan structure, underlying property values, cash flow and related financial and operating performance of the property and market conditions. In evaluating the real estate loans, the Company considers their credit quality indicators, including loan to value ratios, which compare the outstanding loan amount to the estimated value of the property, the borrower’s financial condition and performance with respect to loan terms, the position in the capital structure, the overall leverage in the capital structure and other market conditions.

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- Definition The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -URI http://asc.fasb.org/subtopic&trid=2196772 + Details
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- References No definition available. + Details
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