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Securities Held-To-Maturity (Tables) | 9 Months Ended
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Sep. 30, 2023
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity [Abstract] |
Schedule of Securities Held-To-Maturity | A summary of our securities held-to-maturity is as follows (in thousands):
| Face Value |  | Net Carrying Value |  | Unrealized Gain (Loss) |  | Estimated Fair Value |  | Allowance for Credit Losses
September 30, 2023 |  |  |  |  |  |  |  |  |
APL certificates | $ | 192,791 |  |  | $ | 127,547 |  |  | $ | (33,337) |  |  | $ | 94,210 |  |  | $ | 2,340 |
B Piece bonds | 38,786 |  |  | 27,625 |  |  | 4,773 |  |  | 32,398 |  |  | 3,603 |
Total | $ | 231,577 |  |  | $ | 155,172 |  |  | $ | (28,564) |  |  | $ | 126,608 |  |  | $ | 5,943 |
December 31, 2022 |  |  |  |  |  |  |  |  |
APL certificates | $ | 192,791 |  |  | $ | 123,475 |  |  | $ | (13,348) |  |  | $ | 110,127 |  |  | $ | 2,783 |
B Piece bonds | 41,464 |  |  | 33,072 |  |  | 1,372 |  |  | 34,444 |  |  | 370 |
Total | $ | 234,255 |  |  | $ | 156,547 |  |  | $ | (11,976) |  |  | $ | 144,571 |  |  | $ | 3,153 |
Schedule of 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 September 30, 2023
| APL Certificates |  | B Piece Bonds |  | Total
Beginning balance | $ | 3,375 |  |  | $ | 1,159 |  |  | $ | 4,534 |
Provision for credit loss expense/(reversal) | (1,035) |  |  | 2,444 |  |  | 1,409 |
Ending balance | $ | 2,340 |  |  | $ | 3,603 |  |  | $ | 5,943 |
| Nine Months Ended September 30, 2023
Beginning balance | $ | 2,783 |  |  | $ | 370 |  |  | $ | 3,153 |
Provision for credit loss expense/(reversal) | (443) |  |  | 3,233 |  |  | 2,790 |
Ending balance | $ | 2,340 |  |  | $ | 3,603 |  |  | $ | 5,943 |

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