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Loans Held for Investment and Loans Held for Investment at Fair Value - Schedule of Activity in Allowance for Credit Losses (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Dec. 31, 2022
Allowance for credit losses:          
Beginning balance $ 4,626 $ 4,905 $ 4,893 $ 4,262  
Provision for loan losses 154 580 1,088 1,589  
Recoveries (charge-offs) (95) (155) (1,296) (521)  
Ending balance 4,685 5,330 4,685 5,330  
Allowance for Loans Individually Evaluated 854 874 854 874 $ 1,096
Allowance related to Loans collectively evaluated 3,831 4,456 3,831 4,456  
Amortized cost related to Loans individually evaluated 347,300 256,257 347,300 256,257  
Amortized cost related to Loans collectively evaluated 2,603,225 3,194,636 2,603,225 3,194,636  
Commercial - Purchase          
Allowance for credit losses:          
Beginning balance 732 612 639 385  
Provision for loan losses 228 78 321 452  
Recoveries (charge-offs)       (147)  
Ending balance 960 690 960 690  
Allowance for Loans Individually Evaluated 137 6 137 6 28
Allowance related to Loans collectively evaluated 823 684 823 684  
Amortized cost related to Loans individually evaluated 24,013 19,033 24,013 19,033  
Amortized cost related to Loans collectively evaluated 623,111 703,835 623,111 703,835  
Commercial - Refinance          
Allowance for credit losses:          
Beginning balance 2,026 1,996 2,031 2,144  
Provision for loan losses (312) 66 (238) (57)  
Recoveries (charge-offs)     (79) (25)  
Ending balance 1,714 2,062 1,714 2,062  
Allowance for Loans Individually Evaluated 415 369 415 369 517
Allowance related to Loans collectively evaluated 1,299 1,693 1,299 1,693  
Amortized cost related to Loans individually evaluated 93,080 81,204 93,080 81,204  
Amortized cost related to Loans collectively evaluated 734,957 852,282 734,957 852,282  
Residential 1-4 Unit - Purchase          
Allowance for credit losses:          
Beginning balance 403 440 542 400  
Provision for loan losses 217 182 104 222  
Recoveries (charge-offs) (59) (7) (85) (7)  
Ending balance 561 615 561 615  
Allowance for Loans Individually Evaluated   118   118 118
Allowance related to Loans collectively evaluated 561 497 561 497  
Amortized cost related to Loans individually evaluated 40,235 21,731 40,235 21,731  
Amortized cost related to Loans collectively evaluated 491,798 608,338 491,798 608,338  
Residential 1-4 Unit - Refinance          
Allowance for credit losses:          
Beginning balance 1,264 1,270 1,272 948  
Provision for loan losses (1) 227 2 654  
Recoveries (charge-offs)     (11) (105)  
Ending balance 1,263 1,497 1,263 1,497  
Allowance for Loans Individually Evaluated 171 176 171 176 175
Allowance related to Loans collectively evaluated 1,092 1,321 1,092 1,321  
Amortized cost related to Loans individually evaluated 138,951 91,368 138,951 91,368  
Amortized cost related to Loans collectively evaluated 706,689 922,258 706,689 922,258  
Short Term 1-4 Unit - Purchase          
Allowance for credit losses:          
Beginning balance 59 34 21 43  
Provision for loan losses (407) 9 410    
Recoveries (charge-offs) 393   (386)    
Ending balance 45 43 45 43  
Allowance for Loans Individually Evaluated 23   23    
Allowance related to Loans collectively evaluated 22 43 22 43  
Amortized cost related to Loans individually evaluated 7,804 7,076 7,804 7,076  
Amortized cost related to Loans collectively evaluated 36,812 65,929 36,812 65,929  
Short Term 1-4 Unit - Refinance          
Allowance for credit losses:          
Beginning balance 142 553 388 342  
Provision for loan losses 429 18 489 318  
Recoveries (charge-offs) (429) (148) (735) (237)  
Ending balance 142 423 142 423  
Allowance for Loans Individually Evaluated 108 205 108 205 $ 258
Allowance related to Loans collectively evaluated 34 218 34 218  
Amortized cost related to Loans individually evaluated 43,217 35,845 43,217 35,845  
Amortized cost related to Loans collectively evaluated $ 9,858 $ 41,994 $ 9,858 $ 41,994