XML 23 R12.htm IDEA: XBRL DOCUMENT
v3.21.2

Loans Held for Investment and Loans Held for Investment at Fair Value | 6 Months Ended
--- | ---
Jun. 30, 2021
Receivables [Abstract] |
Loans Held for Investment and Loans Held for Investment at Fair Value | Note 6 — Loans Held for Investment and Loans Held for Investment at Fair Value The following tables summarize loans held for investment as of June 30, 2021 and December 31, 2020 (in thousands):
|  | June 30, 2021 |
|  | Loans held for investment, net |  |  | Loans held for investment, at fair value |  |  | Total loans held for investment |
Unpaid principal balance |  | $ | 2,061,008 |  |  | $ | 1,354 |  |  | $ | 2,062,362 |
Valuation adjustments on FVO loans |  |  | — |  |  |  | 16 |  |  |  | 16 |
Deferred loan origination costs |  |  | 26,708 |  |  |  | — |  |  |  | 26,708 |
|  |  | 2,087,716 |  |  |  | 1,370 |  |  |  | 2,089,086 |
Allowance for loan losses |  |  | (3,963 | ) |  |  | — |  |  |  | (3,963 | )
Total loans held for investment and loans held for investment at fair value, net |  | $ | 2,083,753 |  |  | $ | 1,370 |  |  | $ | 2,085,123 |
|  | December 31, 2020 |
|  | Loans held for investment, net |  |  | Loans held for investment, at fair value |  |  | Total loans held for investment |
Unpaid principal balance |  | $ | 1,930,334 |  |  | $ | 1,541 |  |  | $ | 1,931,875 |
Valuation adjustments on FVO loans |  |  | — |  |  |  | (2 | ) |  |  | (2 | )
Deferred loan origination costs |  |  | 23,600 |  |  |  | — |  |  |  | 23,600 |
|  |  | 1,953,934 |  |  |  | 1,539 |  |  |  | 1,955,473 |
Allowance for loan losses |  |  | (5,845 | ) |  |  | — |  |  |  | (5,845 | )
Total loans held for investment and loans held for investment at fair value, net |  | $ | 1,948,089 |  |  | $ | 1,539 |  |  | $ | 1,949,628 |
The following table presents the activity in the Unpaid Principal Balance (“UPB”) and amortized cost basis of loans in the Company's COVID-19 forbearance program for the three and six months ended June 30, 2021 ($ in thousands):
|  | Three Months Ended June 30, 2021 |  |  | Six Months Ended June 30, 2021 |
|  | UPB |  |  | % |  |  | Amortized Cost |  |  | % |  |  | UPB |  |  | % |  |  | Amortized Cost |  |  | % |
Beginning balance |  | $ | 363,739 |  |  |  |  |  |  | $ | 368,230 |  |  |  |  |  |  | $ | 392,073 |  |  |  |  |  |  | $ | 396,918 |  |  |  |  |
Additions |  |  | — |  |  |  |  |  |  |  | — |  |  |  |  |  |  |  | 2,616 |  |  |  |  |  |  |  | 2,615 |  |  |  |  |
Foreclosures |  |  | — |  |  |  |  |  |  |  | — |  |  |  |  |  |  |  | (253 | ) |  |  |  |  |  |  | (260 | ) |  |  |  |
Repayments |  |  | (21,297 | ) |  |  |  |  |  |  | (21,533 | ) |  |  |  |  |  |  | (51,994 | ) |  |  |  |  |  |  | (52,576 | ) |  |  |  |
Ending balance |  | $ | 342,442 |  |  |  |  |  |  | $ | 346,697 |  |  |  |  |  |  | $ | 342,442 |  |  |  |  |  |  | $ | 346,697 |  |  |  |  |
Performing/Accruing |  | $ | 251,929 |  |  | 73.6% |  |  | $ | 255,284 |  |  | 73.6% |  |  | $ | 251,929 |  |  | 73.6% |  |  | $ | 255,284 |  |  | 73.6% |
Nonperforming/Nonaccrual |  | $ | 90,513 |  |  | 26.4% |  |  | $ | 91,413 |  |  | 26.4% |  |  | $ | 90,513 |  |  | 26.4% |  |  | $ | 91,413 |  |  | 26.4% |
The following table presents the UPB and amortized cost basis of loans in the Company's COVID-19 forbearance program as of December 31, 2020 ($ in thousands):
|  | December 31, 2020 |
|  | UPB |  |  | % |  |  | Amortized Cost |  |  | % |
Ending balance |  | $ | 392,073 |  |  |  |  |  |  | $ | 396,918 |  |  |  |  |
Performing/Accruing |  | $ | 327,708 |  |  | 83.6% |  |  | $ | 330,495 |  |  | 83.3% |
Nonperforming/Nonaccrual |  | $ | 64,365 |  |  | 16.4% |  |  | $ | 66,423 |  |  | 16.7% |
Since the inception of the COVID-19 forbearance program, the Company has modified $404.1 million in UPB of loans, which includes capitalized interest of $8.6 million. As of June 30, 2021, $90.2 million in UPB of modified loans has been paid down, which includes $1.3 million of capitalized interest received. Approximately 73.6% and 83.6% of the COVID forbearance loans in UPB were performing, and 26.4% and 16.4% were on nonaccrual status as of June 30, 2021 and December 31, 2020, respectively. As of June 30, 2021 and December 31, 2020, the gross unpaid principal balance of loans held for investment pledged as collateral for the Company’s warehouse facilities, and securitizations issued were as follows (in thousands):
|  | June 30, 2021 |  |  | December 31, 2020 |
The 2013 repurchase agreement |  | $ | 51,819 |  |  | $ | 91,074 |
The 2015 repurchase agreement |  |  | 118,950 |  |  |  | — |
The Bank credit agreement |  |  | 31,022 |  |  |  | — |
The 2021 term repurchase agreement |  |  | 2,159 |  |  |  | — |
Total pledged loans |  | $ | 203,950 |  |  | $ | 91,074 |
2014-1 Trust |  |  | 19,622 |  |  |  | 22,228 |
2015-1 Trust |  |  | 38,829 |  |  |  | 48,179 |
2016-1 Trust |  |  | 61,430 |  |  |  | 71,271 |
2016-2 Trust |  |  | 38,625 |  |  |  | 47,282 |
2017-1 Trust |  |  | 64,463 |  |  |  | 81,376 |
2017-2 Trust |  |  | 112,962 |  |  |  | 137,970 |
2018-1 Trust |  |  | 88,449 |  |  |  | 112,042 |
2018-2 Trust |  |  | 194,078 |  |  |  | 224,195 |
2019-1 Trust |  |  | 175,707 |  |  |  | 203,144 |
2019-2 Trust |  |  | 154,113 |  |  |  | 175,560 |
2019-3 Trust |  |  | 121,069 |  |  |  | 135,527 |
2020-1 Trust |  |  | 216,118 |  |  |  | 241,664 |
2020-2 Trust |  |  | 113,023 |  |  |  | 123,646 |
2020-MC1 Trust |  |  | 174,909 |  |  |  | 228,470 |
2021-1 Trust |  |  | 261,965 |  |  |  | — |
Total |  | $ | 1,835,362 |  |  | $ | 1,852,554 |
(a) | Nonaccrual Loans
The following tables present the amortized cost basis, or recorded investment, of the Company’s loans held for investment that were nonperforming and on nonaccrual status as of June 30, 2021 and December 31, 2020, and accruing loans that were 90 days or more past due (“DPD”) as of June 30, 2021 and December 31, 2020. These accruing loans that were 90 or more days past due represent loans that were granted a forbearance under the Company’s COVID-19 payment forbearance programs.
|  | June 30, 2021 |
|  | Total Nonaccrual |  |  | Nonaccrual with No Allowance for Loan Loss |  |  | Nonaccrual with Allowance for Loan Loss |  |  | Allowance for Loans Individually Evaluated |  |  | % of Allowance to Total Nonaccrual Loans |  |  | Loans 90+ DPD Still Accruing COVID-19 Program |
|  | ($ in thousands) |
Commercial - Purchase |  | $ | 19,314 |  |  | $ | 18,768 |  |  | $ | 546 |  |  | $ | 57 |  |  |  | 0.3 |  | % | $ | — |
Commercial - Refinance |  |  | 92,397 |  |  |  | 82,097 |  |  |  | 10,300 |  |  |  | 1,005 |  |  |  | 4.6 |  |  |  | — |
Residential 1-4 Unit - Purchase |  |  | 21,084 |  |  |  | 20,736 |  |  |  | 348 |  |  |  | 120 |  |  |  | 0.6 |  |  |  | — |
Residential 1-4 Unit - Refinance |  |  | 112,294 |  |  |  | 107,468 |  |  |  | 4,826 |  |  |  | 342 |  |  |  | 1.6 |  |  |  | 156 |
Quick Fix 1-4 Unit - Purchase |  |  | 23,883 |  |  |  | 23,467 |  |  |  | 416 |  |  |  | 56 |  |  |  | 0.3 |  |  |  | — |
Quick Fix 1-4 Unit - Refinance |  |  | 50,002 |  |  |  | 44,870 |  |  |  | 5,132 |  |  |  | 369 |  |  |  | 1.7 |  |  |  | — |
Total |  | $ | 318,974 |  |  | $ | 297,406 |  |  | $ | 21,568 |  |  | $ | 1,949 |  |  |  | 9.1 |  | % | $ | 156 |
Troubled Debt Restructuring included in nonaccrual loans: |  | $ | 169 |  |  | $ | — |  |  | $ | — |  |  | $ | 25 |  |  |  | — |  |  | $ | — |
|  | December 31, 2020 |
|  | Total Nonaccrual |  |  | Nonaccrual with No Allowance for Loan Loss |  |  | Nonaccrual with Allowance for Loan Loss |  |  | Allowance for Loans Individually Evaluated |  |  | % of Allowance to Total Nonaccrual Loans |  |  | Loans 90+ DPD Still Accruing COVID-19 Program |
|  | ($ in thousands) |
Commercial - Purchase |  | $ | 22,166 |  |  | $ | 20,955 |  |  | $ | 1,211 |  |  | $ | 153 |  |  |  | 0.7 |  | % | $ | — |
Commercial - Refinance |  |  | 101,117 |  |  |  | 96,804 |  |  |  | 4,313 |  |  |  | 519 |  |  |  | 2.3 |  |  |  | 1,747 |
Residential 1-4 Unit - Purchase |  |  | 26,373 |  |  |  | 25,839 |  |  |  | 534 |  |  |  | 128 |  |  |  | 0.6 |  |  |  | — |
Residential 1-4 Unit - Refinance |  |  | 120,152 |  |  |  | 113,206 |  |  |  | 6,946 |  |  |  | 465 |  |  |  | 2.1 |  |  |  | 109 |
Quick Fix 1-4 Unit - Purchase |  |  | 6,585 |  |  |  | 3,808 |  |  |  | 2,777 |  |  |  | 525 |  |  |  | 2.4 |  |  |  | — |
Quick Fix 1-4 Unit - Refinance |  |  | 59,843 |  |  |  | 53,616 |  |  |  | 6,227 |  |  |  | 878 |  |  |  | 4.0 |  |  |  | 123 |
Total |  | $ | 336,236 |  |  | $ | 314,228 |  |  | $ | 22,008 |  |  | $ | 2,668 |  |  |  | 12.1 |  | % | $ | 1,979 |
Troubled Debt Restructuring included in nonaccrual loans: |  | $ | 173 |  |  | $ | — |  |  | $ | — |  |  | $ | 25 |  |  |  | — |  |  | $ | — |
The Company has made the accounting policy election not to measure an allowance for credit losses for accrued interest receivables. The Company has also made the accounting policy election to write off accrued interest receivables by reversing interest income when loans are placed on nonaccrual status, or 90 days or more past due, other than the COVID-19 forbearance-granted loans. The Company will continue to evaluate the COVID-19 forbearance-granted loans on an individual basis to determine if a reserve should be established on the collectability of the accrued interest and whether any loans should be placed on nonaccrual status at a future date. The following tables present the amortized cost basis in the loans held for investment, excluding loans held for investment at fair value, as of June 30, 2021 and 2020, and the amount of accrued interest receivables written off by reversing interest income by portfolio segment for the three and six months ended June 30, 2021 and 2020 (in thousands):
|  | Three Months Ended June 30, |
|  | 2021 |  |  | 2020 |
|  | Amortized Cost |  |  | Interest Reversal |  |  | Amortized Cost |  |  | Interest Reversal |
Commercial - Purchase |  | $ | 366,737 |  |  | $ | 53 |  |  | $ | 303,373 |  |  | $ | 303 |
Commercial - Refinance |  |  | 690,964 |  |  |  | 225 |  |  |  | 711,397 |  |  |  | 1,961 |
Residential 1-4 Unit - Purchase |  |  | 276,896 |  |  |  | 63 |  |  |  | 245,579 |  |  |  | 321 |
Residential 1-4 Unit - Refinance |  |  | 608,543 |  |  |  | 281 |  |  |  | 606,432 |  |  |  | 1,643 |
Quick Fix 1-4 Unit - Purchase |  |  | 40,205 |  |  |  | 639 |  |  |  | — |  |  |  | — |
Quick Fix 1-4 Unit - Refinance |  |  | 104,371 |  |  |  | 117 |  |  |  | — |  |  |  | — |
Total |  | $ | 2,087,716 |  |  | $ | 1,378 |  |  | $ | 1,866,781 |  |  | $ | 4,228 |
|  | Six Months Ended June 30, |
|  | 2021 |  |  | 2020 |
|  | Amortized Cost |  |  | Interest Reversal |  |  | Amortized Cost |  |  | Interest Reversal |
Commercial - Purchase |  | $ | 366,737 |  |  | $ | 192 |  |  | $ | 303,373 |  |  | $ | 425 |
Commercial - Refinance |  |  | 690,964 |  |  |  | 693 |  |  |  | 711,397 |  |  |  | 2,633 |
Residential 1-4 Unit - Purchase |  |  | 276,896 |  |  |  | 121 |  |  |  | 245,579 |  |  |  | 404 |
Residential 1-4 Unit - Refinance |  |  | 608,543 |  |  |  | 801 |  |  |  | 606,432 |  |  |  | 2,255 |
Quick Fix 1-4 Unit - Purchase |  |  | 40,205 |  |  |  | 685 |  |  |  | — |  |  |  | — |
Quick Fix 1-4 Unit - Refinance |  |  | 104,371 |  |  |  | 358 |  |  |  | — |  |  |  | — |
Total |  | $ | 2,087,716 |  |  | $ | 2,850 |  |  | $ | 1,866,781 |  |  | $ | 5,717 |
For the six months ended June 30, 2021 and 2020 cash basis interest income recognized on nonaccrual loans was $16.7 million and $6.7 million, respectively, and $9.9 million and $3.4 million for the three months ended June 30, 2021 and 2020, respectively. Other than loans in the Company’s COVID-19 forbearance programs, no accrued interest income was recognized on nonaccrual loans for the three and six months ended June 30, 2021 and 2020. The average recorded investment of individually evaluated loans, computed using month-end balances, was $337.9 million and $217.8 million for the three months ended June 30, 2021 and 2020, respectively, and $337.5 million and $180.2 million for the six months ended June 30, 2021 and 2020, respectively. There were no commitments to lend additional funds to debtors whose loans have been modified as of June 30, 2021 and 2020.
(b) | Allowance for Credit Losses
The allowance for credit losses is maintained at a level deemed adequate by management to provide for expected losses in the portfolio at the balance sheet date. The allowance for credit losses is measured using two components. A component that measures expected credit losses on a collective (pool) basis when similar risk characteristics exist and a component that measures expected credit losses on an individual loan basis. To estimate the allowance for credit losses in the loans held for investment portfolio, management follows a detailed internal process, considering a number of different factors including, but not limited to, the ongoing analyses of loans, historical loss rates, relevant environmental factors, relevant market research, trends in delinquencies, effects and changes in credit concentrations, and ongoing evaluation of fair values. The Company uses an open pool loss rate methodology to model expected credit losses on a collective basis. To determine the loss rates for the open pool method, the Company starts with its historical database of losses, segmenting the loans by loan purpose, product type and repayment period. A third-party model applying the open pool method is used to estimate an annual average loss rates by dividing the respective pool's quarterly historical losses by the pool's respective prior quarter’s ending unamortized loan cost balance and deriving an annual average loss rate from the historical quarterly loss rates. The model then adjusts the annual average loss rates based upon macroeconomic forecasts over a reasonable and supportable period, followed by a straight-line reversion to the historical loss rates. The adjusted annual average loss rates are applied to the forecasted pool balance within each segment. The forecasted balances in the loan pool segments are calculated based on a principal amortization using contractual maturity, factoring in further principal reductions from estimated prepayments. For the June 30, 2021 estimate, the Company considered a COVID-19 adverse stress scenario with a five-quarter reasonable and supportable forecast period followed by a four-quarter straight-line reversion period. Management concluded that applying the adverse stress scenario was appropriate given the status of the pandemic at the end of June 2021. Once a loan becomes nonperforming (90 or more days past due), it no longer shares the same risk characteristics of the other loans within its segment of homogeneous loans (pool). Nonperforming loans are considered collateral dependent by the Company. These loans are evaluated individually using the practical expedient to determine the credit exposure. The following tables present the activity in the allowance for credit losses for the three and six months ended June 30, 2021 and 2020 (in thousands):
|  | Three Months Ended June 30, 2021 |
|  |  |  |  |  |  |  |  |  | Residential |  |  | Residential |  |  | Quick Fix |  |  | Quick Fix |  |  |  |  |
|  | Commercial |  |  | Commercial |  |  | 1-4 Unit |  |  | 1-4 Unit |  |  | 1-4 Unit |  |  | 1-4 Unit |  |  |  |  |
|  | Purchase |  |  | Refinance |  |  | Purchase |  |  | Refinance |  |  | Purchase |  |  | Refinance |  |  | Total |
Allowance for credit losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning Balance - April 1,2021 |  | $ | 328 |  |  | $ | 1,990 |  |  | $ | 322 |  |  | $ | 1,227 |  |  | $ | 386 |  |  | $ | 1,628 |  |  | $ | 5,881 |
Provision for loan losses (1) |  |  | 48 |  |  |  | 28 |  |  |  | (41 | ) |  |  | (229 | ) |  |  | (313 | ) |  |  | (493 | ) |  |  | (1,000 | )
Charge-offs |  |  | (114 | ) |  |  | (95 | ) |  |  | — |  |  |  | (151 | ) |  |  | — |  |  |  | (558 | ) |  |  | (918 | )
Ending balance |  | $ | 262 |  |  | $ | 1,923 |  |  | $ | 281 |  |  | $ | 847 |  |  | $ | 73 |  |  | $ | 577 |  |  | $ | 3,963 |
Allowance related to: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans individually evaluated |  | $ | 57 |  |  | $ | 1,005 |  |  | $ | 120 |  |  | $ | 342 |  |  | $ | 56 |  |  | $ | 369 |  |  | $ | 1,949 |
Loans collectively evaluated |  |  | 205 |  |  |  | 918 |  |  |  | 161 |  |  |  | 507 |  |  |  | 16 |  |  |  | 207 |  |  |  | 2,014 |
Amortized cost related to: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans individually evaluated |  | $ | 19,314 |  |  | $ | 92,397 |  |  | $ | 21,084 |  |  | $ | 112,294 |  |  | $ | 23,883 |  |  | $ | 50,002 |  |  | $ | 318,974 |
Loans collectively evaluated |  |  | 347,423 |  |  |  | 598,567 |  |  |  | 255,812 |  |  |  | 496,249 |  |  |  | 16,322 |  |  |  | 54,369 |  |  |  | 1,768,742 |
|  | Three Months Ended June 30, 2020 |
|  |  |  |  |  |  |  |  |  | Residential |  |  | Residential |  |  | Quick Fix |  |  | Quick Fix |  |  |  |  |
|  | Commercial |  |  | Commercial |  |  | 1-4 Unit |  |  | 1-4 Unit |  |  | 1-4 Unit |  |  | 1-4 Unit |  |  |  |  |
|  | Purchase |  |  | Refinance |  |  | Purchase |  |  | Refinance |  |  | Purchase |  |  | Refinance |  |  | Total |
Allowance for credit losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning Balance - April 1,2021 |  | $ | 352 |  |  | $ | 1,594 |  |  | $ | 250 |  |  | $ | 1,300 |  |  | $ | — |  |  | $ | — |  |  |  | 3,496 |
Provision for loan losses (1) |  |  | 172 |  |  |  | 1,093 |  |  |  | 211 |  |  |  | 324 |  |  |  | — |  |  |  | — |  |  |  | 1,800 |
Charge-offs |  |  | — |  |  |  | — |  |  |  | (58 | ) |  |  | (18 | ) |  |  | — |  |  |  | — |  |  |  | (76 | )
Ending balance |  | $ | 524 |  |  | $ | 2,687 |  |  | $ | 403 |  |  | $ | 1,606 |  |  | $ | — |  |  | $ | — |  |  | $ | 5,220 |
|  | Six Months Ended June 30, 2021 |
|  |  |  |  |  |  |  |  |  | Residential |  |  | Residential |  |  | Quick Fix |  |  | Quick Fix |  |  |  |  |
|  | Commercial |  |  | Commercial |  |  | 1-4 Unit |  |  | 1-4 Unit |  |  | 1-4 Unit |  |  | 1-4 Unit |  |  |  |  |
|  | Purchase |  |  | Refinance |  |  | Purchase |  |  | Refinance |  |  | Purchase |  |  | Refinance |  |  | Total |
Allowance for credit losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning Balance - January 1,2021 |  | $ | 373 |  |  | $ | 2,093 |  |  | $ | 333 |  |  | $ | 1,216 |  |  | $ | 595 |  |  | $ | 1,235 |  |  | $ | 5,845 |
Provision for loan losses (1) |  |  | 3 |  |  |  | (76 | ) |  |  | (15 | ) |  |  | (218 | ) |  |  | (508 | ) |  |  | (81 | ) |  |  | (895 | )
Charge-offs |  |  | (114 | ) |  |  | (94 | ) |  |  | (37 | ) |  |  | (151 | ) |  |  | (14 | ) |  |  | (577 | ) |  |  | (987 | )
Ending balance |  | $ | 262 |  |  | $ | 1,923 |  |  | $ | 281 |  |  | $ | 847 |  |  | $ | 73 |  |  | $ | 577 |  |  | $ | 3,963 |
Allowance related to: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans individually evaluated |  | $ | 57 |  |  | $ | 1,005 |  |  | $ | 120 |  |  | $ | 342 |  |  | $ | 56 |  |  | $ | 369 |  |  | $ | 1,949 |
Loans collectively evaluated |  |  | 205 |  |  |  | 918 |  |  |  | 161 |  |  |  | 507 |  |  |  | 16 |  |  |  | 207 |  |  |  | 2,014 |
Amortized cost related to: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans individually evaluated |  | $ | 19,314 |  |  | $ | 92,397 |  |  | $ | 21,084 |  |  | $ | 112,294 |  |  | $ | 23,883 |  |  | $ | 50,002 |  |  | $ | 318,974 |
Loans collectively evaluated |  |  | 347,423 |  |  |  | 598,567 |  |  |  | 255,812 |  |  |  | 496,249 |  |  |  | 16,322 |  |  |  | 54,369 |  |  |  | 1,768,742 |
|  | Six Months Ended June 30, 2020 |
|  |  |  |  |  |  |  |  |  | Residential |  |  | Residential |  |  | Quick Fix |  |  | Quick Fix |  |  |  |  |
|  | Commercial |  |  | Commercial |  |  | 1-4 Unit |  |  | 1-4 Unit |  |  | 1-4 Unit |  |  | 1-4 Unit |  |  |  |  |
|  | Purchase |  |  | Refinance |  |  | Purchase |  |  | Refinance |  |  | Purchase |  |  | Refinance |  |  | Total |
Allowance for credit losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance, prior to adoption of ASC 326 |  | $ | 304 |  |  | $ | 1,016 |  |  | $ | 148 |  |  | $ | 772 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,240 |
Impact of adopting ASC 326 |  |  | 19 |  |  |  | 62 |  |  |  | 9 |  |  |  | 47 |  |  |  | — |  |  |  | — |  |  |  | 137 |
Balance - January 1, 2020 |  | $ | 323 |  |  | $ | 1,078 |  |  | $ | 157 |  |  | $ | 819 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,377 |
Provision for loan losses (1) |  |  | 280 |  |  |  | 1,609 |  |  |  | 382 |  |  |  | 817 |  |  |  | — |  |  |  | — |  |  |  | 3,088 |
Charge-offs |  |  | (79 | ) |  |  | — |  |  |  | (136 | ) |  |  | (30 | ) |  |  | — |  |  |  | — |  |  |  | (245 | )
Ending balance |  | $ | 524 |  |  | $ | 2,687 |  |  | $ | 403 |  |  | $ | 1,606 |  |  | $ | — |  |  | $ | — |  |  | $ | 5,220 |
Allowance related to: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans individually evaluated |  | $ | 181 |  |  | $ | 592 |  |  | $ | 96 |  |  | $ | 404 |  |  | $ | — |  |  | $ | — |  |  |  | 1,273 |
Loans collectively evaluated |  |  | 342 |  |  |  | 2,095 |  |  |  | 307 |  |  |  | 1,203 |  |  |  | — |  |  |  | — |  |  |  | 3,947 |
Amortized cost related to: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans individually evaluated |  | $ | 20,615 |  |  | $ | 113,350 |  |  | $ | 22,017 |  |  | $ | 114,790 |  |  | $ | — |  |  | $ | — |  |  |  | 270,772 |
Loans collectively evaluated |  |  | 282,759 |  |  |  | 598,046 |  |  |  | 223,561 |  |  |  | 491,643 |  |  |  | — |  |  |  | — |  |  |  | 1,596,009 |
| (1) | The provision for loan losses decreased from approximately $1.8 million and $3.1 million for the three and six months ended June 30,2020 respectively to reversal of $(1.0) and $(0.9) million for the three and six months ended June 30, 2021 respectively due mainly to an improved economic outlook as the economy recovers from the COVID-19 pandemic.
(c) | Credit Quality Indicator
A credit quality indicator is a statistic used by the Company to monitor and assess the credit quality of loans held for investment, excluding loans held for investment at fair value. The Company monitors its charge-off rate in relation to its nonperforming loans as its credit quality indicator. Nonperforming loans are loans that are 90 or more days past due, in bankruptcy, in foreclosure, or not accruing interest. As of June 30, 2021, the annualized charge-off rate was 0.59% of average nonperforming loans. The charged-off rate was 0.65% for the year ended December 31, 2020. Other credit quality indicators include aging status and accrual status. The following table presents the aging status of the amortized cost basis in the loans held for investment portfolio, excluding loans held for investment at fair value, which includes $346.7 million and $396.9 million loans in the Company’s COVID-19 forbearance program as of June 30, 2021 and December 31, 2020, respectively (in thousands):
|  | 30–59 days |  |  | 60–89 days |  |  | 90+days |  |  | Total |  |  |  |  |  |  | Total |
June 30, 2021 |  | past due |  |  | past due |  |  | past due(1) |  |  | past due |  |  | Current |  |  | loans |
Loans individually evaluated |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial - Purchase |  | $ | 762 |  |  | $ | 1,571 |  |  | $ | 16,981 |  |  | $ | 19,314 |  |  | $ | — |  |  | $ | 19,314 |
Commercial - Refinance |  |  | 4,668 |  |  |  | 7,065 |  |  |  | 80,664 |  |  |  | 92,397 |  |  |  | — |  |  |  | 92,397 |
Residential 1-4 Unit - Purchase |  |  | 84 |  |  |  | 1,099 |  |  |  | 19,901 |  |  |  | 21,084 |  |  |  | — |  |  |  | 21,084 |
Residential 1-4 Unit - Refinance |  |  | 1,344 |  |  |  | 1,566 |  |  |  | 109,384 |  |  |  | 112,294 |  |  |  | — |  |  |  | 112,294 |
Quick Fix 1-4 Unit - Purchase |  |  | — |  |  |  | — |  |  |  | 23,883 |  |  |  | 23,883 |  |  |  | — |  |  |  | 23,883 |
Quick Fix 1-4 Unit - Refinance |  |  | 1,322 |  |  |  | 1,682 |  |  |  | 46,998 |  |  |  | 50,002 |  |  |  | — |  |  |  | 50,002 |
Total loans individually evaluated |  | $ | 8,180 |  |  | $ | 12,983 |  |  | $ | 297,811 |  |  | $ | 318,974 |  |  | $ | — |  |  | $ | 318,974 |
Loans collectively evaluated |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial - Purchase |  | $ | 9,168 |  |  | $ | 4,931 |  |  | $ | — |  |  | $ | 14,099 |  |  | $ | 333,324 |  |  | $ | 347,423 |
Commercial - Refinance |  |  | 19,366 |  |  |  | 12,264 |  |  |  | — |  |  |  | 31,630 |  |  |  | 566,937 |  |  |  | 598,567 |
Residential 1-4 Unit - Purchase |  |  | 4,697 |  |  |  | 1,307 |  |  |  | — |  |  |  | 6,004 |  |  |  | 249,808 |  |  |  | 255,812 |
Residential 1-4 Unit - Refinance |  |  | 29,397 |  |  |  | 8,481 |  |  |  | 156 |  |  |  | 38,034 |  |  |  | 458,215 |  |  |  | 496,249 |
Quick Fix 1-4 Unit - Purchase |  |  | 2,983 |  |  |  | 1,572 |  |  |  | — |  |  |  | 4,555 |  |  |  | 11,767 |  |  |  | 16,322 |
Quick Fix 1-4 Unit - Refinance |  |  | 4,231 |  |  |  | 4,291 |  |  |  | — |  |  |  | 8,522 |  |  |  | 45,847 |  |  |  | 54,369 |
Total loans collectively evaluated |  | $ | 69,842 |  |  | $ | 32,846 |  |  | $ | 156 |  |  | $ | 102,844 |  |  | $ | 1,665,898 |  |  | $ | 1,768,742 |
Ending balance |  | $ | 78,022 |  |  | $ | 45,829 |  |  | $ | 297,967 |  |  | $ | 421,818 |  |  | $ | 1,665,898 |  |  | $ | 2,087,716 |
|  | 30–59 days |  |  | 60–89 days |  |  | 90+days |  |  | Total |  |  |  |  |  |  | Total |
December 31, 2020 |  | past due |  |  | past due |  |  | past due(1) |  |  | past due |  |  | Current |  |  | loans |
Loans individually evaluated |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial - Purchase |  | $ | 961 |  |  | $ | 1,307 |  |  | $ | 19,898 |  |  | $ | 22,166 |  |  | $ | — |  |  | $ | 22,166 |
Commercial - Refinance |  |  | 2,118 |  |  |  | 7,532 |  |  |  | 91,467 |  |  |  | 101,117 |  |  |  | — |  |  |  | 101,117 |
Residential 1-4 Unit - Purchase |  |  | 192 |  |  |  | 2,915 |  |  |  | 23,266 |  |  |  | 26,373 |  |  |  | — |  |  |  | 26,373 |
Residential 1-4 Unit - Refinance |  |  | 1,440 |  |  |  | 3,010 |  |  |  | 115,702 |  |  |  | 120,152 |  |  |  | — |  |  |  | 120,152 |
Quick Fix 1-4 Unit - Purchase |  |  | — |  |  |  | — |  |  |  | 6,585 |  |  |  | 6,585 |  |  |  | — |  |  |  | 6,585 |
Quick Fix 1-4 Unit - Refinance |  |  | 964 |  |  |  | 760 |  |  |  | 58,119 |  |  |  | 59,843 |  |  |  | — |  |  |  | 59,843 |
Total loans individually evaluated |  | $ | 5,675 |  |  | $ | 15,524 |  |  | $ | 315,037 |  |  | $ | 336,236 |  |  | $ | — |  |  | $ | 336,236 |
Loans collectively evaluated |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial - Purchase |  | $ | 8,000 |  |  | $ | 7,081 |  |  | $ | — |  |  | $ | 15,081 |  |  | $ | 263,657 |  |  | $ | 278,738 |
Commercial - Refinance |  |  | 33,725 |  |  |  | 13,224 |  |  |  | 1,747 |  |  |  | 48,696 |  |  |  | 535,285 |  |  |  | 583,981 |
Residential 1-4 Unit - Purchase |  |  | 5,030 |  |  |  | 1,261 |  |  |  | — |  |  |  | 6,291 |  |  |  | 191,928 |  |  |  | 198,219 |
Residential 1-4 Unit - Refinance |  |  | 33,144 |  |  |  | 14,567 |  |  |  | 109 |  |  |  | 47,820 |  |  |  | 398,953 |  |  |  | 446,773 |
Quick Fix 1-4 Unit - Purchase |  |  | 1,972 |  |  |  | 21,780 |  |  |  | — |  |  |  | 23,752 |  |  |  | 12,987 |  |  |  | 36,739 |
Quick Fix 1-4 Unit - Refinance |  |  | 8,406 |  |  |  | 5,383 |  |  |  | 123 |  |  |  | 13,912 |  |  |  | 59,336 |  |  |  | 73,248 |
Total loans collectively evaluated |  | $ | 90,277 |  |  | $ | 63,296 |  |  | $ | 1,979 |  |  | $ | 155,552 |  |  | $ | 1,462,146 |  |  | $ | 1,617,698 |
Ending balance |  | $ | 95,952 |  |  | $ | 78,820 |  |  | $ | 317,016 |  |  | $ | 491,788 |  |  | $ | 1,462,146 |  |  | $ | 1,953,934 |
| (1) | Includes loans in bankruptcy and foreclosure less than 90 days past due
In addition to the aging status, the Company also evaluates credit quality by accrual status. The following tables present the amortized cost in loans held for investment, excluding loans held for investment at fair value, based on accrual status and by loan origination year as of June 30, 2021 and December 31, 2020 (in thousands).
|  | Term Loans Amortized Cost Basis by Origination Year |
June 30, 2021: |  | 2021 |  |  | 2020 |  |  | 2019 |  |  | 2018 |  |  | 2017 |  |  | Pre-2017 |  |  | Total |
Commercial - Purchase |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Payment performance |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | $ | 95,441 |  |  | $ | 55,726 |  |  | $ | 91,153 |  |  | $ | 59,586 |  |  | $ | 25,578 |  |  | $ | 19,939 |  |  | $ | 347,423 |
Nonperforming |  |  | — |  |  |  | 402 |  |  |  | 4,606 |  |  |  | 6,396 |  |  |  | 5,625 |  |  |  | 2,285 |  |  |  | 19,314 |
Total Commercial - Purchase |  | $ | 95,441 |  |  | $ | 56,128 |  |  | $ | 95,759 |  |  | $ | 65,982 |  |  | $ | 31,203 |  |  | $ | 22,224 |  |  | $ | 366,737 |
Commercial - Refinance |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Payment performance |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | $ | 87,103 |  |  | $ | 67,946 |  |  | $ | 157,006 |  |  | $ | 137,078 |  |  | $ | 70,672 |  |  | $ | 78,762 |  |  | $ | 598,567 |
Nonperforming |  |  | — |  |  |  | 4,046 |  |  |  | 29,316 |  |  |  | 29,124 |  |  |  | 18,856 |  |  |  | 11,055 |  |  |  | 92,397 |
Total Commercial - Refinance |  | $ | 87,103 |  |  | $ | 71,992 |  |  | $ | 186,322 |  |  | $ | 166,202 |  |  | $ | 89,528 |  |  | $ | 89,817 |  |  | $ | 690,964 |
Residential 1-4 Unit - Purchase |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Payment performance |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | $ | 101,387 |  |  | $ | 13,212 |  |  | $ | 60,395 |  |  | $ | 34,837 |  |  | $ | 17,858 |  |  | $ | 28,123 |  |  | $ | 255,812 |
Nonperforming |  |  | 232 |  |  |  | 3,668 |  |  |  | 5,478 |  |  |  | 3,977 |  |  |  | 4,398 |  |  |  | 3,331 |  |  |  | 21,084 |
Total Residential 1-4 Unit - Purchase |  | $ | 101,619 |  |  | $ | 16,880 |  |  | $ | 65,873 |  |  | $ | 38,814 |  |  | $ | 22,256 |  |  | $ | 31,454 |  |  | $ | 276,896 |
Residential 1-4 Unit - Refinance |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Payment performance |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | $ | 141,385 |  |  | $ | 35,589 |  |  | $ | 138,095 |  |  | $ | 83,511 |  |  | $ | 46,183 |  |  | $ | 51,486 |  |  | $ | 496,249 |
Nonperforming |  |  | 1,143 |  |  |  | 7,714 |  |  |  | 40,030 |  |  |  | 32,693 |  |  |  | 17,267 |  |  |  | 13,447 |  |  |  | 112,294 |
Total Residential 1-4 Unit - Purchase |  | $ | 142,528 |  |  | $ | 43,303 |  |  | $ | 178,125 |  |  | $ | 116,204 |  |  | $ | 63,450 |  |  | $ | 64,933 |  |  | $ | 608,543 |
Quick Fix 1-4 Unit - Purchase |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Payment performance |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | $ | 5,222 |  |  | $ | 6,578 |  |  | $ | 4,336 |  |  | $ | 186 |  |  | $ | — |  |  | $ | — |  |  | $ | 16,322 |
Nonperforming |  |  | — |  |  |  | 14,042 |  |  |  | 9,425 |  |  |  | 416 |  |  |  | — |  |  |  | — |  |  |  | 23,883 |
Total Quick Fix 1-4 Unit - Purchase |  | $ | 5,222 |  |  | $ | 20,620 |  |  | $ | 13,761 |  |  | $ | 602 |  |  | $ | — |  |  | $ | — |  |  | $ | 40,205 |
Quick Fix 1-4 Unit - Refinance |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Payment performance |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | $ | 9,512 |  |  | $ | 21,736 |  |  | $ | 23,121 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 54,369 |
Nonperforming |  |  | — |  |  |  | 17,655 |  |  |  | 26,679 |  |  |  | 5,668 |  |  |  | — |  |  |  | — |  |  |  | 50,002 |
Total Quick Fix 1-4 Unit - Refinance |  | $ | 9,512 |  |  | $ | 39,391 |  |  | $ | 49,800 |  |  | $ | 5,668 |  |  | $ | — |  |  | $ | — |  |  | $ | 104,371 |
Total Portfolio |  | $ | 441,425 |  |  | $ | 248,314 |  |  | $ | 589,640 |  |  | $ | 393,472 |  |  | $ | 206,437 |  |  | $ | 208,428 |  |  | $ | 2,087,716 |
|  | Term Loans Amortized Cost Basis by Origination Year |
December 31, 2020 |  | 2020 |  |  | 2019 |  |  | 2018 |  |  | 2017 |  |  | 2016 |  |  | Pre-2016 |  |  | Total |
Commercial - Purchase |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Payment performance |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | $ | 56,446 |  |  | $ | 99,534 |  |  | $ | 64,706 |  |  | $ | 34,862 |  |  | $ | 9,500 |  |  | $ | 13,690 |  |  | $ | 278,738 |
Nonperforming |  |  | 1,046 |  |  |  | 4,666 |  |  |  | 5,799 |  |  |  | 7,182 |  |  |  | 1,539 |  |  |  | 1,934 |  |  |  | 22,166 |
Total Commercial - Purchase |  | $ | 57,492 |  |  | $ | 104,200 |  |  | $ | 70,505 |  |  | $ | 42,044 |  |  | $ | 11,039 |  |  | $ | 15,624 |  |  | $ | 300,904 |
Commercial - Refinance |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Payment performance |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | $ | 75,376 |  |  | $ | 176,854 |  |  | $ | 157,499 |  |  | $ | 87,476 |  |  | $ | 34,858 |  |  | $ | 51,918 |  |  | $ | 583,981 |
Nonperforming |  |  | 4,929 |  |  |  | 26,776 |  |  |  | 32,955 |  |  |  | 18,980 |  |  |  | 10,392 |  |  |  | 7,085 |  |  |  | 101,117 |
Total Commercial - Refinance |  | $ | 80,305 |  |  | $ | 203,630 |  |  | $ | 190,454 |  |  | $ | 106,456 |  |  | $ | 45,250 |  |  | $ | 59,003 |  |  | $ | 685,098 |
Residential 1-4 Unit - Purchase |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Payment performance |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | $ | 26,215 |  |  | $ | 69,775 |  |  | $ | 42,537 |  |  | $ | 25,874 |  |  | $ | 7,056 |  |  | $ | 26,762 |  |  | $ | 198,219 |
Nonperforming |  |  | 1,611 |  |  |  | 5,973 |  |  |  | 8,949 |  |  |  | 5,059 |  |  |  | 1,348 |  |  |  | 3,433 |  |  |  | 26,373 |
Total Residential 1-4 Unit - Purchase |  | $ | 27,826 |  |  | $ | 75,748 |  |  | $ | 51,486 |  |  | $ | 30,933 |  |  | $ | 8,404 |  |  | $ | 30,195 |  |  | $ | 224,592 |
Residential 1-4 Unit - Refinance |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Payment performance |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | $ | 57,945 |  |  | $ | 168,912 |  |  | $ | 96,568 |  |  | $ | 61,033 |  |  | $ | 22,949 |  |  | $ | 39,366 |  |  | $ | 446,773 |
Nonperforming |  |  | 3,934 |  |  |  | 42,159 |  |  |  | 37,451 |  |  |  | 17,942 |  |  |  | 7,653 |  |  |  | 11,013 |  |  |  | 120,152 |
Total Residential 1-4 Unit - Purchase |  | $ | 61,879 |  |  | $ | 211,071 |  |  | $ | 134,019 |  |  | $ | 78,975 |  |  | $ | 30,602 |  |  | $ | 50,379 |  |  | $ | 566,925 |
Quick Fix 1-4 Unit - Purchase |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Payment performance |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | $ | 20,563 |  |  | $ | 15,990 |  |  | $ | 186 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 36,739 |
Nonperforming |  |  | 3,764 |  |  |  | 2,217 |  |  |  | 604 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 6,585 |
Total Quick Fix 1-4 Unit - Purchase |  | $ | 24,327 |  |  | $ | 18,207 |  |  | $ | 790 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 43,324 |
Quick Fix 1-4 Unit - Refinance |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Payment performance |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | $ | 35,234 |  |  | $ | 37,818 |  |  | $ | 196 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 73,248 |
Nonperforming |  |  | 17,318 |  |  |  | 33,711 |  |  |  | 8,719 |  |  |  | 95 |  |  |  | — |  |  |  | — |  |  |  | 59,843 |
Total Quick Fix 1-4 Unit - Refinance |  | $ | 52,552 |  |  | $ | 71,529 |  |  | $ | 8,915 |  |  | $ | 95 |  |  | $ | — |  |  | $ | — |  |  | $ | 133,091 |
Total Portfolio |  | $ | 304,381 |  |  | $ | 684,385 |  |  | $ | 456,169 |  |  | $ | 258,503 |  |  | $ | 95,295 |  |  | $ | 155,201 |  |  | $ | 1,953,934 |

X
- Definition The entire disclosure for financing receivable. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -URI http://asc.fasb.org/subtopic&trid=2196772 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=2196816 + Details
Name: | us-gaap_FinancingReceivablesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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