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v3.26.1

Loans and Investments (Tables) | 3 Months Ended
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Mar. 31, 2026
Loans and Investments [Abstract] |
Schedule of Structured Business Loan and Investment Portfolio | Our Structured Business loan and investment portfolio consists of ($ in thousands):
| March 31, 2026 |  | Percent of Total |  | Loan Count |  | Wtd. Avg. Pay Rate (1) |  | Wtd. Avg. Remaining Months to Maturity (2) |  | Wtd. Avg. First Dollar LTV Ratio (3) |  | Wtd. Avg. Last Dollar LTV Ratio (4)
Bridge loans (5) | $ | 11,209,443 |  |  | 93 | % |  | 439 |  | 6.37 | % |  | 14.1 |  | 0 | % |  | 77 | %
Mezzanine loans | 295,843 |  |  | 3 | % |  | 62 |  | 8.04 | % |  | 48.6 |  | 58 | % |  | 79 | %
Construction - multifamily | 289,889 |  |  | 2 | % |  | 10 |  | 9.12 | % |  | 22.6 |  | 0 | % |  | 62 | %
Preferred equity investments | 202,118 |  |  | 2 | % |  | 34 |  | 6.87 | % |  | 43.0 |  | 62 | % |  | 81 | %
Total UPB | 11,997,293 |  |  | 100 | % |  | 545 |  | 6.49 | % |  | 15.7 |  | 2 | % |  | 77 | %
Allowance for credit losses | (131,223) |  |  |  |  |  |  |  |  |  |  |  |  |
Unearned revenue | (30,689) |  |  |  |  |  |  |  |  |  |  |  |  |
Loans and investments, net (6) | $ | 11,835,381 |  |  |  |  |  |  |  |  |  |  |  |  |
| December 31, 2025 |  |  |  |  |  |  |  |  |  |  |  |
Bridge loans (5) | $ | 11,371,758 |  |  | 94 | % |  | 524 |  | 6.39 | % |  | 12.9 |  | 0 | % |  | 77 | %
Mezzanine loans | 290,212 |  |  | 2 | % |  | 65 |  | 7.84 | % |  | 52.3 |  | 59 | % |  | 78 | %
Construction - multifamily | 249,019 |  |  | 2 | % |  | 9 |  | 9.13 | % |  | 24.6 |  | 0 | % |  | 60 | %
Preferred equity investments | 202,118 |  |  | 2 | % |  | 34 |  | 6.87 | % |  | 46.0 |  | 62 | % |  | 80 | %
Total UPB | 12,113,107 |  |  | 100 | % |  | 632 |  | 6.49 | % |  | 14.7 |  | 2 | % |  | 77 | %
Allowance for credit losses | (145,971) |  |  |  |  |  |  |  |  |  |  |  |  |
Unearned revenue | (32,888) |  |  |  |  |  |  |  |  |  |  |  |  |
Loans and investments, net (6) | $ | 11,934,248 |  |  |  |  |  |  |  |  |  |  |  |  |
________________________ (1)“Weighted Average Pay Rate” is a weighted average, based on the unpaid principal balance (“UPB”) of each loan in our portfolio, of the interest rate required to be paid as stated in the individual loan agreements. Certain loans and investments that require an accrual rate to be paid at maturity are not included in the weighted average pay rate as shown in the table. (2)Including extension options, the weighted average remaining months to maturity at March 31, 2026 and December 31, 2025 was 20.8 and 19.9, respectively. (3)The “First Dollar Loan-to-Value (“LTV”) Ratio” is calculated by comparing the total of our senior most dollar and all senior lien positions within the capital stack to the fair value of the underlying collateral to determine the point at which we will absorb a total loss of our position. (4)The “Last Dollar LTV Ratio” is calculated by comparing the total of the carrying value of our loan and all senior lien positions within the capital stack to the fair value of the underlying collateral to determine the point at which we will initially absorb a loss. (5)At March 31, 2026 and December 31, 2025, bridge loans included 224 and 298, respectively, of SFR loans with a total gross loan commitment of $4.62 billion and $4.73 billion, respectively, of which $3.27 billion and $3.18 billion, respectively, was funded. (6)Excludes exit fee receivables of $40.6 million and $43.0 million at March 31, 2026 and December 31, 2025, respectively, which is included in other assets on the consolidated balance sheets.
Schedule of the Loan Portfolio's Internal Risk Ratings and LTV Ratios by Asset Class | A summary of the loan portfolio’s internal risk ratings and LTV ratios by asset class at March 31, 2026, and charge-offs recorded for the three months ended March 31, 2026 is as follows ($ in thousands):
|  | UPB by Origination Year |  | Total |  | Wtd. Avg. First Dollar LTV Ratio |  | Wtd. Avg. Last Dollar LTV Ratio
Asset Class / Risk Rating |  | 2026 |  | 2025 |  | 2024 |  | 2023 |  | 2022 |  | Prior |  |  |
Multifamily: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 430,100 |  |  | $ | 600,924 |  |  | $ | 47,468 |  |  | $ | 38,673 |  |  | $ | 79,883 |  |  | $ | 174,014 |  |  | $ | 1,371,062 |  |  |  |  |
Pass/Watch |  | 46,000 |  |  | 999,872 |  |  | 273,570 |  |  | 86,290 |  |  | 344,490 |  |  | 736,622 |  |  | 2,486,844 |  |  |  |  |
Special Mention |  | — |  |  | 408,273 |  |  | 206,869 |  |  | 25,654 |  |  | 1,547,788 |  |  | 1,755,859 |  |  | 3,944,443 |  |  |  |  |
Substandard |  | — |  |  | 4,980 |  |  | 22,758 |  |  | — |  |  | 282,250 |  |  | 168,820 |  |  | 478,808 |  |  |  |  |
Doubtful |  | — |  |  | — |  |  | 9,460 |  |  | 21,100 |  |  | 205,533 |  |  | 157,101 |  |  | 393,194 |  |  |  |  |
Total Multifamily |  | $ | 476,100 |  |  | $ | 2,014,049 |  |  | $ | 560,125 |  |  | $ | 171,717 |  |  | $ | 2,459,944 |  |  | $ | 2,992,416 |  |  | $ | 8,674,351 |  |  | 3 | % |  | 82 | %
Single-Family Rental: |  | Percentage of portfolio |  | 72 | % |  |  |  |
Pass |  | $ | — |  |  | $ | 27,000 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 27,000 |  |  |  |  |
Pass/Watch |  | 36,400 |  |  | 878,166 |  |  | 934,628 |  |  | 550,457 |  |  | 486,043 |  |  | 106,080 |  |  | 2,991,774 |  |  |  |  |
Special Mention |  | 39,510 |  |  | 113,755 |  |  | 17,079 |  |  | 46,183 |  |  | 25,900 |  |  | 6,891 |  |  | 249,318 |  |  |  |  |
Total Single-Family Rental |  | $ | 75,910 |  |  | $ | 1,018,921 |  |  | $ | 951,707 |  |  | $ | 596,640 |  |  | $ | 511,943 |  |  | $ | 112,971 |  |  | $ | 3,268,092 |  |  | 0 | % |  | 64 | %
Office: |  | Percentage of portfolio |  | 27 | % |  |  |  |
Pass/Watch |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 33,410 |  |  | $ | 33,410 |  |  |  |  |
Total Office |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 33,410 |  |  | $ | 33,410 |  |  | 0 | % |  | 88 | %
Retail: |  | Percentage of portfolio |  | < 1% |  |  |  |
Substandard |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 16,424 |  |  | $ | 16,424 |  |  |  |  |
Doubtful |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 531 |  |  | 531 |  |  |  |  |
Total Retail |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 16,955 |  |  | $ | 16,955 |  |  | 0 | % |  | 100 | %
Land: |  | Percentage of portfolio |  | < 1% |  |  |  |
Pass/Watch |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 2,785 |  |  | $ | 2,785 |  |  |  |  |
Total Land |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 2,785 |  |  | $ | 2,785 |  |  | 0 | % |  | 14 | %
Commercial: |  | Percentage of portfolio |  | < 1% |  |  |  |
Doubtful |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,700 |  |  | $ | 1,700 |  |  |  |  |
Total Commercial |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,700 |  |  | $ | 1,700 |  |  | 0 | % |  | 100 | %
|  | Percentage of portfolio |  | < 1% |  |  |  |
Grand Total |  | $ | 552,010 |  |  | $ | 3,032,970 |  |  | $ | 1,511,832 |  |  | $ | 768,357 |  |  | $ | 2,971,887 |  |  | $ | 3,160,237 |  |  | $ | 11,997,293 |  |  | 2 | % |  | 77 | %
Charge-offs |  | $ | — |  |  | $ | — |  |  | $ | 3,829 |  |  | $ | — |  |  | $ | 11,322 |  |  | $ | 3,057 |  |  | $ | 18,208 |  |  |  |  |
A summary of the loan portfolio’s internal risk ratings and LTV ratios by asset class at December 31, 2025, and charge-offs recorded during 2025 is as follows ($ in thousands):
|  | UPB by Origination Year |  | Total |  | Wtd. Avg. First Dollar LTV Ratio |  | Wtd. Avg. Last Dollar LTV Ratio |  |
Asset Class / Risk Rating |  | 2025 |  | 2024 |  | 2023 |  | 2022 |  | 2021 |  | Prior |  |  |  |  |
Multifamily: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 556,801 |  |  | $ | 87,533 |  |  | $ | 22,253 |  |  | $ | 9,832 |  |  | $ | 34,843 |  |  | $ | 26,758 |  |  | $ | 738,020 |  |  |  |  |  |  |
Pass/Watch |  | 1,195,412 |  |  | 429,300 |  |  | 108,276 |  |  | 376,064 |  |  | 526,961 |  |  | 159,810 |  |  | 2,795,823 |  |  |  |  |  |  |
Special Mention |  | 211,404 |  |  | 186,984 |  |  | 185,088 |  |  | 1,788,580 |  |  | 2,028,742 |  |  | 44,479 |  |  | 4,445,277 |  |  |  |  |  |  |
Substandard |  | 4,990 |  |  | 47,258 |  |  | 21,100 |  |  | 297,729 |  |  | 307,350 |  |  | — |  |  | 678,427 |  |  |  |  |  |  |
Doubtful |  | — |  |  | 9,460 |  |  | — |  |  | 153,443 |  |  | 28,826 |  |  | 24,565 |  |  | 216,294 |  |  |  |  |  |  |
Total Multifamily |  | $ | 1,968,607 |  |  | $ | 760,535 |  |  | $ | 336,717 |  |  | $ | 2,625,648 |  |  | $ | 2,926,722 |  |  | $ | 255,612 |  |  | $ | 8,873,841 |  |  | 3 | % |  | 81 | % |  |
Single-Family Rental: |  | Percentage of portfolio |  | 73 | % |  |  |  |  |  |
Pass |  | $ | 98,510 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 98,510 |  |  |  |  |  |  |
Pass/Watch |  | 859,819 |  |  | 1,006,016 |  |  | 571,891 |  |  | 448,769 |  |  | 71,916 |  |  | 34,216 |  |  | 2,992,627 |  |  |  |  |  |  |
Special Mention |  | 36,230 |  |  | — |  |  | — |  |  | 52,943 |  |  | — |  |  | 4,600 |  |  | 93,773 |  |  |  |  |  |  |
Total Single-Family Rental |  | $ | 994,559 |  |  | $ | 1,006,016 |  |  | $ | 571,891 |  |  | $ | 501,712 |  |  | $ | 71,916 |  |  | $ | 38,816 |  |  | $ | 3,184,910 |  |  | 0 | % |  | 64 | % |  |
Office: |  | Percentage of portfolio |  | 26 | % |  |  |  |  |  |
Pass/Watch |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 33,410 |  |  | $ | 33,410 |  |  |  |  |  |  |
Total Office |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 33,410 |  |  | $ | 33,410 |  |  | 0 | % |  | 88 | % |  |
Retail: |  | Percentage of portfolio |  | < 1% |  |  |  |  |  |
Substandard |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 16,424 |  |  | $ | 16,424 |  |  |  |  |  |  |
Doubtful |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 531 |  |  | 531 |  |  |  |  |  |  |
Total Retail |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 16,955 |  |  | $ | 16,955 |  |  | 0 | % |  | 97 | % |  |
Land: |  | Percentage of portfolio |  | < 1% |  |  |  |  |  |
Pass/Watch |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 2,291 |  |  | $ | 2,291 |  |  |  |  |  |  |
Total Land |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 2,291 |  |  | $ | 2,291 |  |  | 0 | % |  | 77 | % |  |
Commercial: |  | Percentage of portfolio |  | < 1% |  |  |  |  |  |
Doubtful |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,700 |  |  | $ | 1,700 |  |  |  |  |  |  |
Total Commercial |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,700 |  |  | $ | 1,700 |  |  | 0 | % |  | 100 | % |  |
|  | Percentage of portfolio |  | < 1% |  |  |  |  |  |
Grand Total |  | $ | 2,963,166 |  |  | $ | 1,766,551 |  |  | $ | 908,608 |  |  | $ | 3,127,360 |  |  | $ | 2,998,638 |  |  | $ | 348,784 |  |  | $ | 12,113,107 |  |  | 2 | % |  | 77 | % |  |
Charge-offs |  | $ | — |  |  | $ | 3,000 |  |  | $ | — |  |  | $ | 24,476 |  |  | $ | 31,968 |  |  | $ | 68,893 |  |  | $ | 128,337 |  |  |  |  |  |  |
Schedule of the Changes in the Allowance for Credit Losses | A summary of the changes in the allowance for credit losses is as follows ($ in thousands):
| Three Months Ended March 31, 2026
| Multifamily |  | Single-Family Rental |  | Retail |  | Commercial |  | Office |  | Land |  |  |  | Total
Allowance for credit losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 131,924 |  |  | $ | 8,817 |  |  | $ | 2,903 |  |  | $ | 1,700 |  |  | $ | 251 |  |  | $ | 376 |  |  |  |  | $ | 145,971 |
Provision for credit losses (net of reversals) | 4,746 |  |  | (907) |  |  | — |  |  | — |  |  | (3) |  |  | (376) |  |  |  |  | 3,460 |
Charge-offs | (18,208) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | (18,208) |
Ending balance | $ | 118,462 |  |  | $ | 7,910 |  |  | $ | 2,903 |  |  | $ | 1,700 |  |  | $ | 248 |  |  | $ | — |  |  |  |  | $ | 131,223 |
| Three Months Ended March 31, 2025
Allowance for credit losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 148,139 |  |  | $ | 7,524 |  |  | $ | 3,293 |  |  | $ | 1,700 |  |  | $ | 181 |  |  | $ | 78,130 |  |  |  |  | $ | 238,967 |
Provision for credit losses (net of reversals) | 6,772 |  |  | (1,000) |  |  | — |  |  | — |  |  | 328 |  |  | (130) |  |  |  |  | 5,970 |
Recoveries | (406) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | (406) |
Charge-offs, net (1) | (3,594) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | (3,594) |
Ending balance | $ | 150,911 |  |  | $ | 6,524 |  |  | $ | 3,293 |  |  | $ | 1,700 |  |  | $ | 509 |  |  | $ | 78,000 |  |  |  |  | $ | 240,937 |
________________________ (1)Represents the allowance for credit losses on a bridge loan and a mezzanine loan that were charged-off in connection with the foreclosure of the underlying collateral as REO assets at fair value.
Schedule of Specific Loans Considered Impaired by Asset Class | A summary of our specific reserve loans considered impaired by asset class is as follows ($ in thousands):
|  | March 31, 2026
Asset Class |  | UPB (1) |  | Carrying Value |  | Allowance for Credit Losses |  | Wtd. Avg. First Dollar LTV Ratio |  | Wtd. Avg. Last Dollar LTV Ratio
Multifamily |  | $ | 318,709 |  |  | $ | 316,068 |  |  | $ | 26,962 |  |  | 0 | % |  | 96 | %
Retail |  | 16,955 |  |  | 16,911 |  |  | 2,903 |  |  | 0 | % |  | 97 | %
Commercial |  | 1,700 |  |  | 1,700 |  |  | 1,700 |  |  | 0 | % |  | 100 | %
Total |  | $ | 337,364 |  |  | $ | 334,679 |  |  | $ | 31,565 |  |  | 0 | % |  | 96 | %
|  | December 31, 2025
Multifamily |  | $ | 366,275 |  |  | $ | 363,635 |  |  | $ | 38,487 |  |  | 0 | % |  | 96 | %
Retail |  | 16,955 |  |  | 16,855 |  |  | 2,903 |  |  | 0 | % |  | 97 | %
Commercial |  | 1,700 |  |  | 1,700 |  |  | 1,700 |  |  | 0 | % |  | 100 | %
Total |  | $ | 384,930 |  |  | $ | 382,190 |  |  | $ | 43,090 |  |  | 0 | % |  | 96 | %
________________________ (1)Represents the UPB of 17 and 20 impaired loans (less unearned revenue and other holdbacks and adjustments) by asset class at March 31, 2026 and December 31, 2025, respectively.
Schedule of Non-Performing Loans by Asset Class | A summary of our non-performing loans by asset class is as follows ($ in thousands):
| March 31, 2026 |  | December 31, 2025
| UPB |  | Carrying Value |  | UPB |  | Carrying Value
Multifamily | $ | 479,219 |  |  | $ | 473,919 |  |  | $ | 566,906 |  |  | $ | 553,016 |
Commercial | 1,700 |  |  | 1,700 |  |  | 1,700 |  |  | 1,700 |
Retail | 531 |  |  | 531 |  |  | 531 |  |  | 531 |
Total | $ | 481,450 |  |  | $ | 476,150 |  |  | $ | 569,137 |  |  | $ | 555,247 |
The table below is a summary of those loans that are 60 days past due or less that we have classified as non-accrual, and changes to those loans for the periods presented ($ in thousands).
|  | Three Months Ended March 31, 2026 |  |
Beginning balance (3 multifamily bridge loans) |  | $ | 48,311 |  |  |
Loans that progressed to greater than 60 days past due |  | (1,221) |  |  |
Loans modified or paid off |  | (47,090) |  |  |
Ending balance |  | $ | — |  |  |
|  | Three Months Ended March 31, 2025 |  |
Beginning balance (9 multifamily bridge loans) |  | $ | 167,428 |  |  |
Loans that progressed to greater than 60 days past due |  | (82,290) |  |  |
Loans modified or paid off |  | (38,490) |  |  |
Additional loans classified as non-accrual |  | 96,175 |  |  |
Ending balance (5 multifamily bridge loans) |  | $ | 142,823 |  |  |
Schedule of Financing Receivable, Modified | The following table represents the UPB of loan modifications, as of the modification date, made to borrowers experiencing financial difficulty during the three months ended March 31, 2026 ($ in thousands):
Asset Class |  | Payment Deferrals With/Without Term Extensions (1) |  | Rate Reductions With/Without Term Extensions (2) |  | Other (3) |  | Total (4)(5)(6)
Multifamily |  | $ | 166,786 |  |  | $ | 196,594 |  |  | $ | 115,420 |  |  | $ | 478,800 |
________________________ (1)These loans were modified to a weighted average pay rate and deferred rate of 4.62% and 2.80%, respectively, at March 31, 2026. These loans were also modified to extend the weighted average term by 23.5 months. These modifications also include a loan with a UPB of $65.1 million in which the pay rate increases from time-to-time throughout the loan maturity. (2)These loans were modified to reduce the interest rate to a weighted average pay rate and deferred rate of 5.26% and 1.08%, respectively, at March 31, 2026, and to extend the weighted average term by 18.7 months. (3)These loan modifications included amending certain terms, such as reallocating and/or replenishment of reserves, providing for a temporary and conditional forbearance of foreclosure, delaying past due interest payments and replacing the existing property management company. (4)The total UPB of these loan modifications were $479.3 million at March 31, 2026 and represented 4% of our total Structured Business loan and investment portfolio at March 31, 2026. (5)At March 31, 2026, modified loans with a UPB of $33.0 million have specific reserves totaling $1.0 million. (6)Includes loans with a total UPB of $308.1 million which were previously modified in prior years. Using the SOFR rate at March 31, 2026, such loans were modified from a weighted average pay rate and deferred rate of 5.32% and 2.29%, respectively, to a weighted average pay rate and deferred rate of 4.27% and 2.59%, respectively. The following table represents the UPB of loan modifications, as of the modification date, made to borrowers experiencing financial difficulty during the three months ended March 31, 2025 ($ in thousands):
Asset Class |  | Payment Deferrals With/Without Term Extensions (1) |  |  |  |  |  | Other (2) |  | Total (3)(4)(5) |  |
Multifamily |  | $ | 849,365 |  |  |  |  |  |  | $ | 83,975 |  |  | $ | 933,340 |  |  |
Single-Family Rental |  | — |  |  |  |  |  |  | 16,490 |  |  | 16,490 |  |  |
Total UPB |  | $ | 849,365 |  |  |  |  |  |  | $ | 100,465 |  |  | $ | 949,830 |  |  |
________________________ (1)These loans were modified to a weighted average pay rate and deferred rate of 5.18% and 2.56%, respectively, at March 31, 2025. A portion of these loans (total UPB of $108.7 million) were also modified to extend the weighted average term by 19.6 months. These modifications also include loans with a total UPB of $470.3 million in which the pay rate increases from time-to-time throughout the loans maturities. (2)These loan modifications included amending certain terms, such as reallocating and/or replenishment of reserves, providing for a temporary and conditional forbearance of foreclosure and temporarily delaying past due interest payments. (3)The total UPB of these loan modifications were $949.8 million at March 31, 2025 and represented 8% of our total Structured Business loan and investment portfolio at March 31, 2025. (4)At March 31, 2025, a modified loan with a UPB of $25.5 million had a specific reserve of $5.2 million. (5)Includes loans with a total UPB of $370.9 million which were previously modified in prior years. Using the SOFR rate at March 31, 2025, such loans were modified from a weighted average pay rate and deferred rate of 6.82% and 1.09%, respectively, to a weighted average pay rate and deferred rate of 4.52% and 3.38%, respectively.

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- Definition Purchased Financial Assets with Credit Deterioration + References No definition available. + Details
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- Definition Tabular disclosure of allowance for credit loss on financing receivable. + 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
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- Definition Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-5 + Details
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- Definition Tabular disclosure of investment. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/320/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Topic 321 -Publisher FASB -URI https://asc.fasb.org/321/tableOfContent Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Topic 325 -Publisher FASB -URI https://asc.fasb.org/325/tableOfContent + Details
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- Definition Tabular disclosure of aging analysis for financing receivable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-14 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 80 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479294/326-20-55-80 + Details
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- Definition Tabular disclosure of financing receivable modified for debtor experiencing financial difficulty. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-42 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Subparagraph (a)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-42 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 12A -Publisher FASB -URI https://asc.fasb.org/1943274/2147481933/310-10-55-12A Reference 4: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-34 Reference 5: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 33 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-33 + Details
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