XML 81 R71.htm IDEA: XBRL DOCUMENT
v3.22.2

Loans and Allowance for Credit Losses - Delinquency (Details) - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended
--- | --- | ---
Jun. 30, 2022 | Dec. 31, 2021
Loan delinquency information |  |
Total Loans Carrying Value | $ 9,739,018 | $ 7,025,407
Non-Accrual Loans | 243,724 | 99,502
General allowance for loan losses | (27,409) | (28,113)
Total Loans, net of allowance for loan losses, including loans in consolidated VIEs | $ 9,711,609 | $ 6,997,294
Percentage of loans outstanding | 100.00% | 100.00%
Percentage of outstanding, Non-Accrual Loans | 2.50% | 1.40%
Current and less than 30 days past due |  |
Loan delinquency information |  |
Total Loans Carrying Value | $ 9,497,095 | $ 6,841,685
Percentage of loans outstanding | 97.50% | 97.40%
30-59 Days Past Due |  |
Loan delinquency information |  |
Total Loans Carrying Value | $ 16,137 | $ 72,837
Percentage of loans outstanding | 0.20% | 1.00%
60+ Days Past Due |  |
Loan delinquency information |  |
Total Loans Carrying Value | $ 225,786 | $ 110,885
Percentage of loans outstanding | 2.30% | 1.60%
90+ Days Past Due |  |
Loan delinquency information |  |
Percentage of outstanding, 90+Days Past Due Accruing | 0.00% | 0.00%
Bridge |  |
Loan delinquency information |  |
Total Loans Carrying Value | $ 7,028,359 | $ 4,538,387
Non-Accrual Loans | 96,137 | 28,820
General allowance for loan losses | (13,466) | (15,204)
Bridge | Current and less than 30 days past due |  |
Loan delinquency information |  |
Total Loans Carrying Value | 6,927,794 | 4,451,230
Bridge | 30-59 Days Past Due |  |
Loan delinquency information |  |
Total Loans Carrying Value | 14,675 | 52,997
Bridge | 60+ Days Past Due |  |
Loan delinquency information |  |
Total Loans Carrying Value | 85,890 | 34,160
Construction |  |
Loan delinquency information |  |
Total Loans Carrying Value | 434,519 |
Non-Accrual Loans | 74,395 |
General allowance for loan losses | (122) |
Construction | Current and less than 30 days past due |  |
Loan delinquency information |  |
Total Loans Carrying Value | 360,124 |
Construction | 60+ Days Past Due |  |
Loan delinquency information |  |
Total Loans Carrying Value | 74,395 |
Fixed rate |  |
Loan delinquency information |  |
Total Loans Carrying Value | 1,016,110 | 1,089,845
Non-Accrual Loans | 21,923 | 24,031
General allowance for loan losses | (2,241) | (2,667)
Fixed rate | Current and less than 30 days past due |  |
Loan delinquency information |  |
Total Loans Carrying Value | 988,947 | 1,057,708
Fixed rate | 60+ Days Past Due |  |
Loan delinquency information |  |
Total Loans Carrying Value | 27,163 | 32,137
Freddie Mac |  |
Loan delinquency information |  |
Total Loans Carrying Value | 6,179 | 3,093
Non-Accrual Loans | 3,093 | 3,093
Freddie Mac | Current and less than 30 days past due |  |
Loan delinquency information |  |
Total Loans Carrying Value | 3,086 |
Freddie Mac | 60+ Days Past Due |  |
Loan delinquency information |  |
Total Loans Carrying Value | 3,093 | 3,093
Residential |  |
Loan delinquency information |  |
Total Loans Carrying Value | 2,637 | 3,588
Non-Accrual Loans | 1,102 | 1,914
General allowance for loan losses | (5) | (8)
Residential | Current and less than 30 days past due |  |
Loan delinquency information |  |
Total Loans Carrying Value | 1,537 | 1,674
Residential | 60+ Days Past Due |  |
Loan delinquency information |  |
Total Loans Carrying Value | 1,100 | 1,914
SBA 7(a) |  |
Loan delinquency information |  |
Total Loans Carrying Value | 560,510 | 586,812
Non-Accrual Loans | 11,034 | 15,119
General allowance for loan losses | (9,275) | (6,653)
SBA 7(a) | Current and less than 30 days past due |  |
Loan delinquency information |  |
Total Loans Carrying Value | 557,134 | 576,593
SBA 7(a) | 30-59 Days Past Due |  |
Loan delinquency information |  |
Total Loans Carrying Value | 730 | 6,741
SBA 7(a) | 60+ Days Past Due |  |
Loan delinquency information |  |
Total Loans Carrying Value | 2,646 | 3,478
Other |  |
Loan delinquency information |  |
Total Loans Carrying Value | 690,704 | 803,682
Non-Accrual Loans | 36,040 | 26,525
General allowance for loan losses | (2,300) | (3,581)
Other | Current and less than 30 days past due |  |
Loan delinquency information |  |
Total Loans Carrying Value | 658,473 | 754,480
Other | 30-59 Days Past Due |  |
Loan delinquency information |  |
Total Loans Carrying Value | 732 | 13,099
Other | 60+ Days Past Due |  |
Loan delinquency information |  |
Total Loans Carrying Value | $ 31,499 | $ 36,103

X
- Definition Percentage of financing receivable 90 days or more past due and still accruing balance outstanding that is past due. + References No definition available. + Details
Name: | rc_FinancingReceivable90DaysPastDueAndStillAccruingPercentPastDue
Namespace Prefix: | rc_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition General allowance for loan losses assessed on a collective basis included in the total allowance for loan losses. + References No definition available. + Details
Name: | rc_LoansAndLeasesGeneralAllowanceForLoanLossesAssessedOnCollectiveBasis
Namespace Prefix: | rc_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of loans and leases held in portfolio, including loans of consolidated variable interest entities net of general allowance for loan losses. + References No definition available. + Details
Name: | rc_LoansAndLeasesReceivableAmountIncludingLoansOfConsolidatedVariableInterestEntitiesNetOfGeneralAllowanceForLoanLosses
Namespace Prefix: | rc_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount after specific allowance and deduction of deferred interest and fees, unamortized costs and premiums and discounts from face amounts, of loans and leases held in portfolio, including loans of consolidated variable interest entities. + References No definition available. + Details
Name: | rc_LoansAndLeasesReceivableNetAmountIncludingLoansOfConsolidatedVariableInterestEntities
Namespace Prefix: | rc_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Outstanding receivable classification as a percentage of total outstanding. + References No definition available. + Details
Name: | rc_LoansAndLeasesReceivablePercentageOfTotalOutstanding
Namespace Prefix: | rc_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Percentage of nonaccrual financing receivable balance outstanding that is past due. + References No definition available. + Details
Name: | us-gaap_FinancingReceivableNonaccrualPercentPastDue1
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Amount of financing receivable on nonaccrual status. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123577603&loc=d3e5111-111524 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 16 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=124255953&loc=SL82919258-210447 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 1405 -Paragraph (a) -Subparagraph (3) Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 1405 -Paragraph (a) -Subparagraph (2) + Details
Name: | us-gaap_FinancingReceivableRecordedInvestmentNonaccrualStatus
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_FinancingReceivableRecordedInvestmentPastDueLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_FinancingReceivablesPeriodPastDueAxis=rc_FinancialAssetNotPastDueAnd1To29DaysPastDueMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivablesPeriodPastDueAxis=us-gaap_FinancingReceivables30To59DaysPastDueMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivablesPeriodPastDueAxis=rc_FinancingReceivablesEqualToGreaterThan60DaysPastDueMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivablesPeriodPastDueAxis=us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=us-gaap_BridgeLoanMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=us-gaap_ConstructionLoansMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rc_FixedRateLoansMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rc_OriginatedFreddieLoansMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rc_ResidentialLoansMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rc_OriginatedSba7LoansMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rc_OtherLoansMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |