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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 | 6 Months Ended |
--- | --- | --- | ---
Jun. 30, 2026 | Jun. 30, 2025 | Jun. 30, 2026 | Jun. 30, 2025 | Dec. 31, 2025
Allowance for credit losses: |  |  |  |  |
Beginning balance | $ 4,860 | $ 5,017 | $ 4,521 | $ 4,174 |
Provision for credit losses | 980 | 1,598 | 2,641 | 3,470 |
Charge-offs | (738) | (1,733) | (2,060) | (2,762) |
Ending balance | 5,102 | 4,882 | 5,102 | 4,882 |
Allowance for Loans Individually Evaluated | 1,088 | 1,470 | 1,088 | 1,470 | $ 1,019
Allowance related to Loans collectively evaluated | 4,014 | 3,412 | 4,014 | 3,412 |
Amortized cost related to Loans individually evaluated | 181,365 | 286,331 | 181,365 | 286,331 |
Amortized cost related to Loans collectively evaluated | 1,646,776 | 1,945,271 | 1,646,776 | 1,945,271 |
Commercial - Purchase |  |  |  |  |
Allowance for credit losses: |  |  |  |  |
Beginning balance | 300 | 655 | 345 | 662 |
Provision for credit losses | (7) | 24 | 52 | 17 |
Ending balance | 293 | 679 | 293 | 679 |
Allowance for Loans Individually Evaluated | 76 | 79 | 76 | 79 | 76
Allowance related to Loans collectively evaluated | 217 | 600 | 217 | 600 |
Amortized cost related to Loans individually evaluated | 19,750 | 33,716 | 19,750 | 33,716 |
Amortized cost related to Loans collectively evaluated | 425,571 | 498,663 | 425,571 | 498,663 |
Commercial - Refinance |  |  |  |  |
Allowance for credit losses: |  |  |  |  |
Beginning balance | 2,303 | 2,129 | 1,858 | 1,399 |
Provision for credit losses | 482 | 29 | 1,855 | 877 |
Charge-offs | (411) | (73) | (1,339) | (191) |
Ending balance | 2,374 | 2,085 | 2,374 | 2,085 |
Allowance for Loans Individually Evaluated | 362 | 1,104 | 362 | 1,104 | 402
Allowance related to Loans collectively evaluated | 2,013 | 981 | 2,013 | 981 |
Amortized cost related to Loans individually evaluated | 59,806 | 95,099 | 59,806 | 95,099 |
Amortized cost related to Loans collectively evaluated | 490,126 | 564,941 | 490,126 | 564,941 |
Residential 1-4 Unit - Purchase |  |  |  |  |
Allowance for credit losses: |  |  |  |  |
Beginning balance | 748 | 840 | 771 | 746 |
Provision for credit losses | 51 | (9) | 141 | 262 |
Charge-offs | (40) | (44) | (153) | (221) |
Ending balance | 759 | 787 | 759 | 787 |
Allowance for Loans Individually Evaluated | 7 | 6 | 7 | 6 | 6
Allowance related to Loans collectively evaluated | 752 | 781 | 752 | 781 |
Amortized cost related to Loans individually evaluated | 18,115 | 26,164 | 18,115 | 26,164 |
Amortized cost related to Loans collectively evaluated | 307,414 | 360,229 | 307,414 | 360,229 |
Residential 1-4 Unit - Refinance |  |  |  |  |
Allowance for credit losses: |  |  |  |  |
Beginning balance | 1,497 | 1,297 | 1,540 | 1,281 |
Provision for credit losses | 398 | (14) | 558 | 626 |
Charge-offs | (247) | (25) | (450) | (649) |
Ending balance | 1,648 | 1,258 | 1,648 | 1,258 |
Allowance for Loans Individually Evaluated | 643 | 235 | 643 | 235 | $ 535
Allowance related to Loans collectively evaluated | 1,004 | 1,023 | 1,004 | 1,023 |
Amortized cost related to Loans individually evaluated | 71,141 | 114,570 | 71,141 | 114,570 |
Amortized cost related to Loans collectively evaluated | 387,425 | 488,239 | 387,425 | 488,239 |
Short Term 1-4 Unit - Purchase |  |  |  |  |
Allowance for credit losses: |  |  |  |  |
Beginning balance | 12 | 38 | 7 | 12 |
Provision for credit losses | (6) | (11) | (1) | 22 |
Charge-offs |  | 0 |  | (7) |
Ending balance | 6 | 27 | 6 | 27 |
Allowance related to Loans collectively evaluated | 6 | 27 | 6 | 27 |
Amortized cost related to Loans individually evaluated | 1,180 | 2,100 | 1,180 | 2,100 |
Amortized cost related to Loans collectively evaluated | 31,691 | 28,493 | 31,691 | 28,493 |
Short Term 1-4 Unit - Refinance |  |  |  |  |
Allowance for credit losses: |  |  |  |  |
Beginning balance |  | 58 |  | 74 |
Provision for credit losses | 62 | 1,579 | 140 | 1,666 |
Charge-offs | (40) | (1,591) | (118) | (1,694) |
Ending balance | 22 | 46 | 22 | 46 |
Allowance for Loans Individually Evaluated |  | 46 |  | 46 |
Allowance related to Loans collectively evaluated | 22 | 0 | 22 | 0 |
Amortized cost related to Loans individually evaluated | 11,373 | 14,682 | 11,373 | 14,682 |
Amortized cost related to Loans collectively evaluated | $ 4,549 | $ 4,706 | $ 4,549 | $ 4,706 |

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