XML 41 R31.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Securities Held-To-Maturity (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2024
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
June 30, 2024 |  |  |  |  |  |  |  |  |
APL certificates | $ | 192,791 |  |  | $ | 131,476 |  |  | $ | (28,669) |  |  | $ | 102,807 |  |  | $ | 2,290 |
B Piece bonds | 37,539 |  |  | 24,604 |  |  | 7,580 |  |  | 32,184 |  |  | 6,842 |
Total | $ | 230,330 |  |  | $ | 156,080 |  |  | $ | (21,089) |  |  | $ | 134,991 |  |  | $ | 9,132 |
December 31, 2023 |  |  |  |  |  |  |  |  |
APL certificates | $ | 192,791 |  |  | $ | 128,865 |  |  | $ | (31,331) |  |  | $ | 97,534 |  |  | $ | 2,272 |
B Piece bonds | 37,704 |  |  | 26,414 |  |  | 5,442 |  |  | 31,856 |  |  | 3,984 |
Total | $ | 230,495 |  |  | $ | 155,279 |  |  | $ | (25,889) |  |  | $ | 129,390 |  |  | $ | 6,256 |
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 June 30, 2024 |  | Three Months Ended June 30, 2023 |  |  |  |  |  |  |  |  |  |  |
| APL Certificates |  | B Piece Bonds |  | Total |  | APL Certificates |  | B Piece Bonds |  | Total |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 2,157 |  |  | $ | 5,440 |  |  | $ | 7,597 |  |  | $ | 3,330 |  |  | $ | 1,695 |  |  | $ | 5,025 |  |  |  |  |  |  |  |  |  |  |  |
Provision for credit loss expense/(reversal) | 133 |  |  | 1,402 |  |  | 1,535 |  |  | 45 |  |  | (536) |  |  | (491) |  |  |  |  |  |  |  |  |  |  |  |
Ending balance | $ | 2,290 |  |  | $ | 6,842 |  |  | $ | 9,132 |  |  | $ | 3,375 |  |  | $ | 1,159 |  |  | $ | 4,534 |  |  |  |
| Six Months Ended June 30, 2024 |  | Six Months Ended June 30, 2023 |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 2,272 |  |  | $ | 3,984 |  |  | $ | 6,256 |  |  | $ | 2,783 |  |  | $ | 370 |  |  | $ | 3,153 |  |  |  |  |  |  |  |  |  |  |  |
Provision for credit loss expense/(reversal) | 18 |  |  | 2,858 |  |  | 2,876 |  |  | 592 |  |  | 789 |  |  | 1,381 |  |  |  |  |  |  |  |  |  |  |  |
Ending balance | $ | 2,290 |  |  | $ | 6,842 |  |  | $ | 9,132 |  |  | $ | 3,375 |  |  | $ | 1,159 |  |  | $ | 4,534 |  |  |  |  |  |  |  |  |  |  |  |

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 -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 + Details
Name: | us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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

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 -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-5 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-5 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5B -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-5B Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-5 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (aaa) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-5 Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-5 Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-5 Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (f)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-5 Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (f)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-5 Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (f)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-5 Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (f)(4) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-5 Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-5A Reference 13: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5A -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-5A Reference 14: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5A -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-5A Reference 15: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5B -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-5B Reference 16: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5B -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-5B Reference 17: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5B -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-5B Reference 18: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5B -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-5B + Details
Name: | us-gaap_HeldToMaturitySecuritiesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration