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Loans Held for Investment at Amortized Cost 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, 2025 | Sep. 30, 2024 | Sep. 30, 2025 | Sep. 30, 2024 | Dec. 31, 2024
Allowance for credit losses: |  |  |  |  |
Beginning balance | $ 4,882 | $ 5,240 | $ 4,174 | $ 4,769 |
Provision for (reversal of) credit losses | 381 | (69) | 3,851 | 1,151 |
Charge-offs | (677) | (320) | (3,439) | (1,069) |
Ending balance | 4,586 | 4,851 | 4,586 | 4,851 |
Allowance for Loans Individually Evaluated | 2,036 | 1,790 | 2,036 | 1,790 | $ 1,029
Allowance related to Loans collectively evaluated | 2,550 | 3,061 | 2,550 | 3,061 |
Amortized cost related to Loans individually evaluated | 262,575 | 317,648 | 262,575 | 317,648 |
Amortized cost related to Loans collectively evaluated | 1,869,181 | 2,213,523 | 1,869,181 | 2,213,523 |
Commercial - Purchase |  |  |  |  |
Allowance for credit losses: |  |  |  |  |
Beginning balance | 679 | 810 | 662 | 935 |
Provision for (reversal of) credit losses | (129) | (158) | (9) | (283) |
Charge-offs |  |  | (103) |  |
Ending balance | 550 | 652 | 550 | 652 |
Allowance for Loans Individually Evaluated | 79 | 100 | 79 | 100 | 85
Allowance related to Loans collectively evaluated | 471 | 552 | 471 | 552 |
Amortized cost related to Loans individually evaluated | 29,995 | 30,872 | 29,995 | 30,872 |
Amortized cost related to Loans collectively evaluated | 479,406 | 550,988 | 479,406 | 550,988 |
Commercial - Refinance |  |  |  |  |
Allowance for credit losses: |  |  |  |  |
Beginning balance | 2,085 | 1,752 | 1,399 | 1,805 |
Provision for (reversal of) credit losses | 3 | (181) | 880 | (233) |
Charge-offs | (49) | (32) | (240) | (33) |
Ending balance | 2,039 | 1,539 | 2,039 | 1,539 |
Allowance for Loans Individually Evaluated | 1,578 | 547 | 1,578 | 547 | 421
Allowance related to Loans collectively evaluated | 460 | 992 | 460 | 992 |
Amortized cost related to Loans individually evaluated | 86,132 | 101,933 | 86,132 | 101,933 |
Amortized cost related to Loans collectively evaluated | 548,283 | 637,954 | 548,283 | 637,954 |
Residential 1-4 Unit - Purchase |  |  |  |  |
Allowance for credit losses: |  |  |  |  |
Beginning balance | 787 | 934 | 746 | 585 |
Provision for (reversal of) credit losses | (86) | 15 | 131 | 662 |
Charge-offs | (57) | (225) | (233) | (523) |
Ending balance | 644 | 724 | 644 | 724 |
Allowance for Loans Individually Evaluated | 6 | 4 | 6 | 4 |
Allowance related to Loans collectively evaluated | 638 | 720 | 638 | 720 |
Amortized cost related to Loans individually evaluated | 31,094 | 30,576 | 31,094 | 30,576 |
Amortized cost related to Loans collectively evaluated | 338,319 | 415,317 | 338,319 | 415,317 |
Residential 1-4 Unit - Refinance |  |  |  |  |
Allowance for credit losses: |  |  |  |  |
Beginning balance | 1,258 | 1,208 | 1,281 | 1,256 |
Provision for (reversal of) credit losses | 544 | 251 | 1,208 | 310 |
Charge-offs | (520) | (10) | (1,207) | (117) |
Ending balance | 1,282 | 1,449 | 1,282 | 1,449 |
Allowance for Loans Individually Evaluated | 327 | 679 | 327 | 679 | 450
Allowance related to Loans collectively evaluated | 955 | 770 | 955 | 770 |
Amortized cost related to Loans individually evaluated | 99,419 | 126,114 | 99,419 | 126,114 |
Amortized cost related to Loans collectively evaluated | 470,210 | 577,539 | 470,210 | 577,539 |
Short Term 1-4 Unit - Purchase |  |  |  |  |
Allowance for credit losses: |  |  |  |  |
Beginning balance | 27 | 29 | 12 | 23 |
Provision for (reversal of) credit losses | (18) | 47 | 4 | 151 |
Charge-offs |  | (53) | (7) | (151) |
Ending balance | 9 | 23 | 9 | 23 |
Allowance related to Loans collectively evaluated | 10 | 23 | 10 | 23 |
Amortized cost related to Loans individually evaluated | 1,562 | 4,038 | 1,562 | 4,038 |
Amortized cost related to Loans collectively evaluated | 28,414 | 26,738 | 28,414 | 26,738 |
Short Term 1-4 Unit - Refinance |  |  |  |  |
Allowance for credit losses: |  |  |  |  |
Beginning balance | 46 | 507 | 74 | 165 |
Provision for (reversal of) credit losses | 67 | (43) | 1,637 | 544 |
Charge-offs | (51) |  | (1,649) | (245) |
Ending balance | 62 | 464 | 62 | 464 |
Allowance for Loans Individually Evaluated | 46 | 460 | 46 | 460 | $ 73
Allowance related to Loans collectively evaluated | 16 | 4 | 16 | 4 |
Amortized cost related to Loans individually evaluated | 14,373 | 24,115 | 14,373 | 24,115 |
Amortized cost related to Loans collectively evaluated | $ 4,549 | $ 4,987 | $ 4,549 | $ 4,987 |

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