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Loans Receivable Loans Receivable (Tables)
6 Months Ended
Jun. 30, 2024
Receivables [Abstract]  
Schedule of Loans Receivable
At June 30, 2024 and December 31, 2023, loans receivable were as follows:
(In thousands)June 30,
2024
December 31,
2023
Amortized cost (net of allowance for expected credit losses):
Real estate loans$347,742 $200,381 
Commercial loans1,583 890 
Total$349,325 $201,271 
Fair value:
Real estate loans$347,727 $197,354 
Commercial loans1,583 890 
Total$349,310 $198,244 
Financing Receivable, Allowance for Credit Loss
The following table presents the rollforward of the allowance for expected credit losses for loans receivable for the six months ended June 30, 2024 and 2023:
20242023
(In thousands)Real Estate LoansCommercial LoansTotalReal Estate LoansCommercial LoansTotal
Allowance for expected credit losses, beginning of period$2,983 $21 $3,004 $1,100 $691 $1,791 
Change in expected credit losses(1,190)(1)(1,191)2,558 201 2,759 
Allowance for expected credit losses, end of period$1,793 $20 $1,813 $3,658 $892 $4,550 
During the six months ended June 30, 2024, the Company decreased the allowance for expected credit losses due to a decrease in the weighted average life of the loan portfolio. During the six months ended June 30, 2023, the Company increased the allowance for expected credit losses due to changes in economic assumptions utilized in its credit loss model.
The following table presents the rollforward of the allowance for expected credit losses for loans receivable for the three months ended June 30, 2024 and 2023:
20242023
(In thousands)Real Estate LoansCommercial LoansTotalReal Estate LoansCommercial LoansTotal
Allowance for expected credit losses, beginning of period$2,587 $22 $2,609 $1,039 $570 $1,609 
Change in expected credit losses(794)(2)(796)2,619 322 2,941 
Allowance for expected credit losses, end of period$1,793 $20 $1,813 $3,658 $892 $4,550