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Investments Held to Maturity | 6 Months Ended
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Jun. 30, 2022
Investments Held to Maturity |
Investments Held to Maturity | Note 8. Investments held to maturity ​ The table below presents information about held to maturity investments. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Gross | ​ | Gross
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Amortized | ​ | ​ | ​ | ​ | Unrealized | ​ | Unrealized
(in thousands) | ​ | Weighted Average Interest Rate (a) | ​ | Cost | ​ | Fair Value | ​ | Gains | ​ | Losses
June 30, 2022 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Less than one year | ​ | ​ | ​ | 12.0 | % | ​ | ​ | ​ | $ | 446 | ​ | $ | 446 | ​ | $ | — | ​ | $ | —
One to five years | ​ | ​ | ​ | 14.6 | % | ​ | ​ | ​ | ​ | 50,172 | ​ | ​ | 50,172 | ​ | ​ | — | ​ | ​ | —
Construction preferred equities |  | ​ | ​ | 14.6 | % | ​ | ​ | ​ | $ | 50,618 | ​ | $ | 50,618 | ​ | $ | — | ​ | $ | —
One to five years | ​ | ​ | ​ | 12.0 | % | ​ | ​ | ​ | $ | 108,423 | ​ | $ | 108,423 | ​ | ​ | — | ​ | ​ | —
Construction preferred equities in consolidated VIEs |  | ​ | ​ | 12.0 | % | ​ | ​ | ​ | $ | 108,423 | ​ | $ | 108,423 | ​ | $ | ​ — | ​ | $ | ​ —
Total held to maturity investments | ​ | ​ | ​ | 12.8 | % | ​ | ​ | ​ | $ | 159,049 | ​ | $ | 159,049 | ​ | $ | — | ​ | $ | —
(a) | Weighted based on current principal balance
​ Provision for credit losses on held to maturity securities was not material for the three and six months ended June 30, 2022. The Company had no such held to maturity investments as of December 31, 2021.

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- Definition The entire disclosure of information about investment in debt security measured at amortized cost (held-to-maturity). + References No definition available. + Details
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