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Fair Value Measurements (Tables) | 6 Months Ended
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Jun. 30, 2022
Fair Value Measurements |
Schedule of financial instruments carried at fair value on a recurring basis | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(in thousands) | Level 1 | ​ | Level 2 | ​ | Level 3 | ​ | Total
June 30, 2022 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Loans, held for sale, at fair value | $ | — | ​ | $ | 268,579 | ​ | $ | 200,863 | ​ | $ | 469,442
Loans, net, at fair value |  | — | ​ |  | — | ​ |  | 9,956 | ​ |  | 9,956
Investments held to maturity |  | — | ​ |  | — | ​ |  | 9,601 | ​ |  | 9,601
Paycheck Protection Program loans |  | — | ​ |  | 763 | ​ |  | — | ​ |  | 763
MBS, at fair value |  | — | ​ |  | 38,982 | ​ |  | 1,666 | ​ |  | 40,648
Derivative instruments, at fair value | ​ | — | ​ | ​ | 44,131 | ​ | ​ | 2,399 | ​ | ​ | 46,530
Residential MSRs, at fair value |  | — | ​ |  | — | ​ |  | 168,653 | ​ |  | 168,653
Investment in unconsolidated joint ventures |  | — | ​ |  | — | ​ |  | 8,439 | ​ |  | 8,439
Total assets | $ | — | ​ | $ | 352,455 | ​ | $ | 401,577 | ​ | $ | 754,032
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Derivative instruments, at fair value | $ | — | ​ | $ | 1,303 | ​ | $ | — | ​ | $ | 1,303
Contingent consideration | ​ | — | ​ | ​ | — | ​ | ​ | 92,548 | ​ | ​ | 92,548
Total liabilities | $ | — | ​ | $ | 1,303 | ​ | $ | 92,548 | ​ | $ | 93,851
December 31, 2021 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Loans, held for sale, at fair value | $ | — | ​ | $ | 321,070 | ​ | $ | 231,865 | ​ | $ | 552,935
Loans, net, at fair value |  | — | ​ |  | — | ​ |  | 10,766 | ​ |  | 10,766
Paycheck Protection Program loans |  | — | ​ |  | — | ​ |  | 3,243 | ​ |  | 3,243
MBS, at fair value |  | — | ​ |  | 97,915 | ​ |  | 1,581 | ​ |  | 99,496
Derivative instruments, at fair value |  | — | ​ | ​ | 4,683 | ​ | ​ | 2,339 | ​ |  | 7,022
Residential MSRs, at fair value |  | — | ​ |  | — | ​ |  | 120,142 | ​ |  | 120,142
Investment in unconsolidated joint ventures |  | — | ​ |  | — | ​ |  | 8,894 | ​ | ​ | 8,894
Total assets | $ | — | ​ | $ | 423,668 | ​ | $ | 378,830 | ​ | $ | 802,498
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Derivative instruments, at fair value | $ | — | ​ | $ | 410 | ​ | $ | — | ​ | $ | 410
Contingent consideration | ​ | — | ​ | ​ | — | ​ | ​ | 16,400 | ​ | ​ | 16,400
Total liabilities | $ | — | ​ | $ | 410 | ​ | $ | 16,400 | ​ | $ | 16,810
Summary of the valuation techniques and significant unobservable inputs used for the Company's financial instruments that are categorized within Level 3 of the fair value hierarchy | ​ The table below presents the valuation techniques and significant unobservable inputs used to value Level 3 financial instruments, using third party information without adjustment.
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(in thousands) | Fair Value | Predominant Valuation Technique (a) | Type | Range | Weighted Average
June 30, 2022 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Investments held to maturity | $ | 9,601 | ​ | Income Approach | ​ | Discount rate | ​ | 12.0% | ​ | 12.0%
Residential MSRs, at fair value | $ | 168,653 |  | Income Approach |  | Forward prepayment rate | Forward Default Rate | Discount rate | Servicing expense | ​ | (b) | ​ | (b)
Investment in unconsolidated joint ventures | ​ $ | 8,439 | ​ | Income Approach | ​ | Discount rate | ​ | 9.0% | ​ | 9.0%
Derivative instruments, at fair value | ​ ​ $ | 2,399 | ​ | Market Approach | ​ | Origination pull-through rate | Servicing Fee Multiple | Percentage of unpaid principal balance | ​ | 48.3 - 100% | 1.1 - 6.5% | 0.3 to 3.2% | ​ | 85.1% | 4.7% | 1.6%
​ Contingent consideration- Red Stone | ​ $ | (8,200) | ​ | Monte Carlo Simulation Model | ​ | EBT volatility | EBT discount rate | Liability discount rate | ​ | 25.0% | 4.0% | 6.5% | ​ | 25.0% | 4.0% | 6.5%
Contingent consideration- Mosaic CER dividends | ​ $ | (18,475) | ​ | Monte Carlo Simulation Model | ​ | Equity volatility | Risk-free rate of return | Discount Rate | ​ | 45.0% | 2.14% | 9.98% | ​ | 45.0% | 2.14% | 9.98%
Contingent consideration- Mosaic CER units | ​ $ | (65,873) | ​ | Income Approach and PWERM Model | ​ | Revaluation discount rate | Discount rate | ​ | 8.50 - 12.00% | 9.98% | ​ | 9.6% | 9.98%
December 31, 2021 | ​ | ​ | ​ | ​ | ​
Derivative instruments, at fair value | $ | 2,339 | ​ | Market Approach | ​ | Origination pull-through rate | Servicing Fee Multiple | Percentage of unpaid principal balance | ​ | 63.0 - 100% | 0.4 - 5.2% | 0.1 to 3.1% | ​ | 86.7% | 4.1% | 1.3%
Residential MSRs, at fair value | $ | 120,142 |  | Income Approach |  | Forward prepayment rate | Forward Default Rate | Discount rate | Servicing expense | ​ | (b) | ​ | (b)
Investment in unconsolidated joint ventures | $ | 8,894 | ​ | Income Approach | ​ | Discount rate | ​ | 9.0% | ​ | 9.0%
Contingent consideration | $ | (16,400) | ​ | Monte Carlo Simulation Model | ​ | EBT volatility | Risk-free rate of return | EBT discount rate | Liability discount rate | ​ | 25.0% | 0.4% | 17.6% | 3.8% | ​ | 25.0% | 0.4% | 17.6% | 3.8%
(a) | Prices are weighted based on the unpaid principal balance of the loans and securities included in the range for each class.
(b)Refer to Note 9 - Servicing Rights for more information on residential MSRs unobservable inputs. ​
Summary of changes in the fair value of financial instruments held at fair value classified as Level 3 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(in thousands) | MBS |  | Derivatives |  | Loans, net |  | Loans, held for sale, at fair value | ​ | Investments held to maturity | ​ | PPP loans |  | Residential MSRs |  | ​ | Investment in unconsolidated joint ventures |  | ​ | Contingent Consideration | ​ | ​ | Total
Three Months Ended June 30, 2022 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Beginning Balance | $ | 7,014 | ​ | $ | (2,616) | ​ | $ | 10,722 | ​ | $ | 203,958 | ​ | $ | 17,053 | ​ | $ | — | ​ | $ | 159,834 | ​ | $ | 8,610 | ​ | $ | (92,148) | ​ | $ | 312,427
Purchases or Originations |  | — | ​ |  | — | ​ |  | — | ​ |  | 5,900 | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ | ​ | 5,900
Additions due to loans sold, servicing retained | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 12,448 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 12,448
Sales / Principal payments | ​ | (1,352) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (115) | ​ | ​ | (7,296) | ​ | ​ | — | ​ | ​ | (3,614) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (12,377)
Realized gains (losses), net | ​ | (1,449) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (1) | ​ | ​ | (156) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (1,606)
Unrealized gains (losses), net | ​ | 2,661 | ​ | ​ | 5,015 | ​ | ​ | (766) | ​ | ​ | (5,014) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (15) | ​ | ​ | (171) | ​ | ​ | (400) | ​ | ​ | 1,310
Accreted discount, net | ​ | 1 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 1
Transfer to loans, held for investment | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (3,862) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (3,862)
Transfer to (from) Level 3 | ​ | (5,209) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (3) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (5,212)
Ending Balance | $ | 1,666 | ​ | $ | 2,399 | ​ | $ | 9,956 | ​ | $ | 200,863 | ​ | $ | 9,601 | ​ | $ | — | ​ | $ | 168,653 | ​ | $ | 8,439 | ​ | $ | (92,548) | ​ | $ | 309,029
Unrealized gains (losses), net on assets/liabilities | $ | 239 | ​ | $ | 2,399 | ​ | $ | (1,000) | ​ | $ | (13,953) | ​ | $ | — | ​ | $ | — | ​ | $ | 2,293 | ​ | $ | (757) | ​ | $ | (800) | ​ | $ | (11,579)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Six Months Ended June 30, 2022 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Beginning Balance | $ | 1,581 | ​ | $ | 2,339 | ​ | $ | 10,766 | ​ | $ | 231,865 | ​ | $ | — | ​ | $ | 3,243 | ​ | $ | 120,142 | ​ | $ | 8,894 | ​ | $ | (16,400) | ​ | $ | 362,430
Purchases or Originations |  | — | ​ |  | — | ​ |  | — | ​ |  | 23,470 | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 23,470
Additions due to loans sold, servicing retained | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 22,954 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 22,954
Sales / Principal payments | ​ | (1,352) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (32,709) | ​ | ​ | (7,296) | ​ | ​ | (1,400) | ​ | ​ | (7,026) | ​ | ​ | — | ​ | ​ | 9,000 | ​ | ​ | (40,783)
Realized gains (losses), net | ​ | (1,449) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (787) | ​ | ​ | (156) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (2,392)
Unrealized gains (losses), net | ​ | 2,705 | ​ | ​ | 60 | ​ | ​ | (810) | ​ | ​ | (15,774) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 32,583 | ​ | ​ | (455) | ​ | ​ | (800) | ​ | ​ | 17,509
Accreted discount, net | ​ | 1 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 1
Merger | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 17,053 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (84,348) | ​ | ​ | (67,295)
Transfer to loans, held for investment | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (3,862) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (3,862)
Transfer to (from) Level 3 | ​ | 180 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (1,340) | ​ | ​ | — | ​ | ​ | (1,843) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (3,003)
Ending Balance | $ | 1,666 | ​ | $ | 2,399 | ​ | $ | 9,956 | ​ | $ | 200,863 | ​ | $ | 9,601 | ​ | $ | — | ​ | $ | 168,653 | ​ | $ | 8,439 | ​ | $ | (92,548) | ​ | $ | 309,029
Unrealized gains (losses), net on assets/liabilities | $ | 239 | ​ | $ | 2,399 | ​ | $ | (1,000) | ​ | $ | (13,953) | ​ | $ | — | ​ | $ | — | ​ | $ | 2,293 | ​ | $ | (757) | ​ | $ | (800) | ​ | $ | (11,579)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Three Months Ended June 30, 2021 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Beginning Balance | $ | 5,633 | ​ | $ | 11,724 | ​ | $ | 13,618 | ​ | $ | — | ​ | $ | — | ​ | $ | 38,388 | ​ | $ | 98,542 | ​ | $ | — | ​ | $ | — | ​ | $ | 167,905
Accreted discount, net |  | 2 | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ | ​ | 2
Additions due to loans sold, servicing retained |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 11,925 | ​ |  | — | ​ |  | — | ​ | ​ | 11,925
Sales / Principal payments | ​ | — | ​ | ​ | — | ​ | ​ | (11) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (21,957) | ​ | ​ | (4,948) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (26,916)
Unrealized gains (losses), net | ​ | 125 | ​ | ​ | (5,594) | ​ | ​ | 74 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (4,699) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (10,094)
Transfer to (from) Level 3 | ​ | (4,046) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (4,046)
Ending Balance | $ | 1,714 | ​ | $ | 6,130 | ​ | $ | 13,681 | ​ | $ | — | ​ | $ | — | ​ | $ | 16,431 | ​ | $ | 100,820 | ​ | $ | — | ​ | $ | — | ​ | $ | 138,776
Unrealized gains (losses), net on assets/liabilities | $ | 286 | ​ | $ | 6,130 | ​ | $ | (189) | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | (36,553) | ​ | $ | — | ​ | $ | — | ​ | $ | (30,326)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Six Months Ended June 30, 2021 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Beginning Balance | $ | 25,131 | ​ | $ | 16,363 | ​ | $ | 13,795 | ​ | $ | — | ​ | $ | — | ​ | $ | 74,931 | ​ | $ | 76,840 | ​ | $ | — | ​ | $ | — | ​ | $ | 207,060
Purchases or Originations |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 3,866 | ​ |  | — | ​ |  | — | ​ |  | — | ​ | ​ | 3,866
Additions due to loans sold, servicing retained | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 23,973 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 23,973
Sales / Principal payments | ​ | (92) | ​ | ​ | — | ​ | ​ | (212) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (62,366) | ​ | ​ | (10,650) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (73,320)
Realized gains (losses), net | ​ | — | ​ | ​ | — | ​ | ​ | (5) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (5)
Unrealized gains (losses), net | ​ | 1,194 | ​ | ​ | (10,233) | ​ | ​ | 103 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 10,657 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 1,721
Accreted discount, net | ​ | 60 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 60
Transfer to (from) Level 3 | ​ | (24,579) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (24,579)
Ending Balance | $ | 1,714 | ​ | $ | 6,130 | ​ | $ | 13,681 | ​ | $ | — | ​ | $ | — | ​ | $ | 16,431 | ​ | $ | 100,820 | ​ | $ | — | ​ | $ | — | ​ | $ | 138,776
Unrealized gains (losses), net on assets/liabilities | $ | 286 | ​ | $ | 6,130 | ​ | $ | (189) | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | (36,553) | ​ | $ | — | ​ | $ | — | ​ | $ | (30,326)
Summary of the carrying value and estimated fair value of financial instruments not carried at fair value on the consolidated balance sheets and are classified as Level 3 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, 2022 | ​ | December 31, 2021
(in thousands) |  | Carrying Value |  | Estimated Fair Value |  | Carrying Value |  | Estimated Fair Value
Assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Loans, net | ​ | $ | 9,701,653 | ​ | $ | 9,795,382 | ​ | $ | 6,986,528 | ​ | $ | 7,112,282
Paycheck Protection Program loans | ​ | ​ | 388,426 | ​ | ​ | 388,427 | ​ | ​ | 867,109 | ​ | ​ | 927,766
Investments held to maturity | ​ | ​ | 149,440 | ​ | ​ | 149,440 | ​ | ​ | — | ​ | ​ | —
Purchased future receivables, net | ​ | ​ | 8,704 | ​ | ​ | 8,704 | ​ | ​ | 7,872 | ​ | ​ | 7,872
Servicing rights | ​ | ​ | 84,858 | ​ |  | 88,455 | ​ |  | 84,457 | ​ |  | 89,470
Total assets | ​ | $ | 10,333,081 | ​ | $ | 10,430,408 | ​ | $ | 7,945,966 | ​ | $ | 8,137,390
Liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Secured borrowings | ​ | $ | 3,212,383 | ​ | $ | 3,212,383 | ​ | $ | 2,517,600 | ​ | $ | 2,517,600
Paycheck Protection Program Liquidity Facility borrowings | ​ | ​ | 427,759 | ​ | ​ | 427,759 | ​ | ​ | 941,505 | ​ | ​ | 941,505
Securitized debt obligations of consolidated VIEs, net | ​ |  | 4,533,789 | ​ |  | 4,499,632 | ​ |  | 3,214,303 | ​ |  | 3,238,155
Senior secured note, net | ​ | ​ | 342,469 | ​ | ​ | 318,459 | ​ | ​ | 342,035 | ​ | ​ | 338,990
Guaranteed loan financing | ​ |  | 304,158 | ​ |  | 318,209 | ​ |  | 345,217 | ​ |  | 366,887
Convertible notes, net | ​ | ​ | 113,818 | ​ | ​ | 116,733 | ​ | ​ | 113,247 | ​ | ​ | 118,922
Corporate debt, net | ​ | ​ | 565,230 | ​ | ​ | 550,057 | ​ | ​ | 441,817 | ​ | ​ | 457,741
Total liabilities | ​ | $ | 9,499,606 | ​ | $ | 9,443,232 | ​ | $ | 7,915,724 | ​ | $ | 7,979,800

X
- Definition Tabular disclosure of carrying and estimated fair value of assets and liabilities not carried at fair value and are classified as Level 3. + References No definition available. + Details
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- Definition Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique used to measure similar asset in prior period by class of asset or liability on non-recurring basis. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19279-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
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