XML 49 R40.htm IDEA: XBRL DOCUMENT
v3.23.3

Loans Receivable Loans Receivable (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2023
Receivables [Abstract] |
Schedule of Loans Receivable | At September 30, 2023 and December 31, 2022, loans receivable were as follows:
(In thousands) | September 30, 2023 |  | December 31, 2022
Amortized cost (net of allowance for expected credit losses): |  |  |
Real estate loans | $ | 159,857 |  |  | $ | 173,616 |
Commercial loans | 17,893 |  |  | 19,386 |
Total | $ | 177,750 |  |  | $ | 193,002 |
Fair value: |  |  |
Real estate loans | $ | 156,407 |  |  | $ | 168,595 |
Commercial loans | 17,893 |  |  | 19,386 |
Total | $ | 174,300 |  |  | $ | 187,981 |
Financing Receivable, Allowance for Credit Loss | The following table presents the rollforward of the allowance for expected credit losses for loans receivable for the nine months ended September 30, 2023 and 2022:
| 2023 |  | 2022
(In thousands) | Real Estate Loans |  | Commercial Loans |  | Total |  | Real Estate Loans |  | Commercial Loans |  | Total
Allowance for expected credit losses, beginning of period | $ | 1,100 |  |  | $ | 691 |  |  | $ | 1,791 |  |  | $ | 1,362 |  |  | $ | 356 |  |  | $ | 1,718 |
Change in expected credit losses | 2,302 |  |  | (84) |  |  | 2,218 |  |  | (200) |  |  | 474 |  |  | 274 |
Allowance for expected credit losses, end of period | $ | 3,402 |  |  | $ | 607 |  |  | $ | 4,009 |  |  | $ | 1,162 |  |  | $ | 830 |  |  | $ | 1,992 |
During the nine months ended September 30, 2023, the Company increased the allowance for expected credit losses due to changes in economic assumptions utilized in its credit loss model. During the nine months ended September 30, 2022, the Company increased the allowance primarily due to an increase in the weighted average life of the loans receivable portfolio. The following table presents the rollforward of the allowance for expected credit losses for loans receivable for the three months ended September 30, 2023 and 2022:
| 2023 |  | 2022
(In thousands) | Real Estate Loans |  | Commercial Loans |  | Total |  | Real Estate Loans |  | Commercial Loans |  | Total
Allowance for expected credit losses, beginning of period | $ | 3,658 |  |  | $ | 892 |  |  | $ | 4,550 |  |  | $ | 1,228 |  |  | $ | 947 |  |  | $ | 2,175 |
Change in expected credit losses | (256) |  |  | (285) |  |  | (541) |  |  | (66) |  |  | (117) |  |  | (183) |
Allowance for expected credit losses, end of period | $ | 3,402 |  |  | $ | 607 |  |  | $ | 4,009 |  |  | $ | 1,162 |  |  | $ | 830 |  |  | $ | 1,992 |

X
- Definition Tabular disclosure of allowance for credit loss on financing receivable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-13 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-11B + Details
Name: | us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_ReceivablesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration