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Securities Held-to-Maturity (Tables)

6 Months Ended

Jun. 30, 2020

Securities Held-to-Maturity

Summary of securities held-to-maturity

A summary of our securities held-to-maturity is as follows (in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Net Carrying

​

Unrealized

​

Estimated

​

Allowance for

​

Face Value

Value

Gain/(Loss)

Fair Value

Credit Losses

June 30, 2020

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

B Piece bonds

​

$

84,830

​

$

63,171

​

$

1,296

​

$

64,467

​

$

1,069

APL certificates

​

​

63,627

​

​

35,848

​

​

2,079

​

​

37,927

​

​

2,079

SFR bonds

​

​

20,000

​

​

20,000

​

​

(2,513)

​

​

17,487

​

​

—

Total

​

$

168,457

​

$

119,019

​

$

862

​

$

119,881

​

$

3,148

December 31, 2019

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

B Piece bonds

​

$

91,028

​

$

68,699

​

$

2,965

​

$

71,664

​

$

—

SFR bonds

​

​

20,000

​

​

20,000

​

​

74

​

​

20,074

​

​

—

Total

​

$

111,028

​

$

88,699

​

$

3,039

​

$

91,738

​

$

—

Summary of the changes in the allowance for credit losses

A summary of the changes in the allowance for credit losses for our securities held-to-maturity is as follows (in thousands):

​

​	​	​	​	​	​	​	​	​	​
​		Three Months Ended June 30, 2020
​	​	APL		​	B Piece		​		​
​		Certificates			Bonds			Total
Beginning balance	​	$	—	​	$	992	​	$	992
Provision for credit loss expense	​		2,079	​		77	​		2,156
Ending balance	​	$	2,079	​	$	1,069	​	$	3,148

​

​	​	​	​	​	​	​	​	​	​
​	​	Six Months Ended June 30, 2020
​	​	APL Certificates		​	B Piece Bonds		​	Total
​	​	​	​	​	​	​	​	​	​
Beginning balance, prior to adoption of CECL	​	$	—	​	$	—	​	$	—
Impact of adopting CECL - January 1, 2020	​		—	​		501	​		501
Provision for credit loss expense	​		2,079	​		568	​		2,647
Ending balance	​	$	2,079	​	$	1,069	​	$	3,148

​

X

- Definition

Tabular disclosure of allowance for credit loss on investment in debt security measured at amortized cost (held-to-maturity).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 13
-URI http://asc.fasb.org/extlink&oid=121599337&loc=SL82919249-210447

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X

- References

No definition available.

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Namespace Prefix:	us-gaap_
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X

- Definition

Tabular disclosure of information about investment in debt security measured at amortized cost (held-to-maturity).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 5B
-URI http://asc.fasb.org/extlink&oid=121645371&loc=SL120269825-111563

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 5A
-URI http://asc.fasb.org/extlink&oid=121645371&loc=SL120269820-111563

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=121645371&loc=d3e27232-111563

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