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Investments Held to Maturity

6 Months Ended

Jun. 30, 2022

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.