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v3.23.2

Securities, at Fair Value - Narrative (Details) - USD ($) | 6 Months Ended | 12 Months Ended |  |  |
--- | --- | --- | --- | --- | ---
Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022 | Mar. 31, 2023 | Mar. 31, 2022 | Dec. 31, 2021
Debt Securities, Available-for-sale [Line Items] |  |  |  |  |  |  |
Securities, at fair value | [1] | $ 594,294,000 |  | $ 333,364,000 |  |  |
Allowance for loan loss |  | 31,035,000 | $ 36,927,000 | 35,314,000 | $ 33,062,000 | $ 35,457,000 | $ 39,447,000
Securities, at fair value |  |  |  |  |  |  |
Debt Securities, Available-for-sale [Line Items] |  |  |  |  |  |  |
Securities, at fair value |  | 91,200,000 |  | 97,900,000 |  |  |
Amortized costs |  | 89,000,000 |  | 86,400,000 |  |  |
Gross unrealized gains |  | $ 2,900,000 |  | 11,500,000 |  |  |
Gross unrealized losses |  |  |  | $ (688,000) |  |  |
Weighted average yield |  | 16.20% |  | 14.30% |  |  |
Weighted average to maturity |  | 3 months 18 days |  | 9 months 18 days |  |  |
Optional extension period |  | 2 years |  |  |  |  |
CRT securities |  |  |  |  |  |  |
Debt Securities, Available-for-sale [Line Items] |  |  |  |  |  |  |
CRT securities |  | $ 82,500,000 |  | $ 79,200,000 |  |  |
Non-Agency MBS |  |  |  |  |  |  |
Debt Securities, Available-for-sale [Line Items] |  |  |  |  |  |  |
Securities, at fair value |  | 24,300,000 |  | 24,600,000 |  |  |
Gross unrealized losses |  | 82,000 |  | 0 |  |  |
CRT, Fair Value Option |  |  |  |  |  |  |
Debt Securities, Available-for-sale [Line Items] |  |  |  |  |  |  |
Securities, at fair value |  | 50,900,000 |  | 48,600,000 |  |  |
Debt securities, sold |  |  | 369,000 |  |  |  |
Realized gain |  |  | 13,000 |  |  |  |
Gross unrealized losses |  | 0 |  | $ 1,200,000 |  |  |
AFS securities |  |  |  |  |  |  |
Debt Securities, Available-for-sale [Line Items] |  |  |  |  |  |  |
Gross unrealized losses |  | 688,000 |  |  |  |  |
Allowance for loan loss |  | $ 0 | $ 0 |  |  |  |
[1] | See Note 6 for information regarding the Company’s pledged assets.

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