XML 54 R45.htm IDEA: XBRL DOCUMENT
v3.23.3

Loans and Investments - Allowance for Credit Losses (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022
Allowance for credit losses: |  |  |  |
Allowance for credit losses, beginning balance | $ 169,054 | $ 121,331 | $ 132,559 | $ 113,241
Provision for credit losses (net of recoveries) | 15,015 | 965 | 51,510 | 9,055
Allowance for credit losses, ending balance | 184,069 | 122,296 | 184,069 | 122,296
Multifamily |  |  |  |
Allowance for credit losses: |  |  |  |
Allowance for credit losses, beginning balance | 74,295 | 27,958 | 37,961 | 18,707
Provision for credit losses (net of recoveries) | 14,884 | (675) | 51,218 | 8,576
Allowance for credit losses, ending balance | 89,179 | 27,283 | 89,179 | 27,283
Land |  |  |  |
Allowance for credit losses: |  |  |  |
Allowance for credit losses, beginning balance | 77,902 | 77,918 | 78,068 | 77,970
Provision for credit losses (net of recoveries) | 60 | (8) | (106) | (60)
Allowance for credit losses, ending balance | 77,962 | 77,910 | 77,962 | 77,910
Office |  |  |  |
Allowance for credit losses: |  |  |  |
Allowance for credit losses, beginning balance | 8,246 | 7,031 | 8,162 | 8,073
Provision for credit losses (net of recoveries) | (76) | 306 | 8 | (736)
Allowance for credit losses, ending balance | 8,170 | 7,337 | 8,170 | 7,337
Retail |  |  |  |
Allowance for credit losses: |  |  |  |
Allowance for credit losses, beginning balance | 5,819 | 5,819 | 5,819 | 5,819
Allowance for credit losses, ending balance | 5,819 | 5,819 | 5,819 | 5,819
Commercial |  |  |  |
Allowance for credit losses: |  |  |  |
Allowance for credit losses, beginning balance | 1,700 | 1,700 | 1,700 | 1,700
Allowance for credit losses, ending balance | 1,700 | 1,700 | 1,700 | 1,700
Single-Family Rental |  |  |  |
Allowance for credit losses: |  |  |  |
Allowance for credit losses, beginning balance | 1,077 | 725 | 781 | 320
Provision for credit losses (net of recoveries) | 162 | 1,326 | 458 | 1,731
Allowance for credit losses, ending balance | 1,239 | 2,051 | 1,239 | 2,051
Other |  |  |  |
Allowance for credit losses: |  |  |  |
Allowance for credit losses, beginning balance | 15 | 180 | 68 | 652
Provision for credit losses (net of recoveries) | (15) | 16 | (68) | (456)
Allowance for credit losses, ending balance | $ 0 | $ 196 | $ 0 | $ 196

X
- Definition Amount excluding accrued interest, of allowance for credit loss on financing receivable. Excludes net investment in lease. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479344/326-20-45-1 + Details
Name: | us-gaap_FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. + References No definition available. + Details
Name: | us-gaap_FinancingReceivableAllowanceForCreditLossesRollForward
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of credit loss expense (reversal of expense) for financing receivable. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-13 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(11)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1 + Details
Name: | us-gaap_ProvisionForLoanLossesExpensed
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Details
Name: | srt_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis=srt_MultifamilyMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis=us-gaap_LandAndLandImprovementsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis=srt_OfficeBuildingMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis=srt_RetailSiteMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis=us-gaap_CommercialRealEstateMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis=srt_SingleFamilyMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis=srt_OtherPropertyMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |