XML 85 R75.htm IDEA: XBRL DOCUMENT v3.22.2.2

Loans and Allowance for Credit Losses - Investment Loans Allowance Activity (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Allowance for loan losses
Beginning Balance	$ 46,125	$ 49,629	$ 45,377	$ 46,732
Provision for (recovery of) loan losses	3,279	1,720	(208)	7,817
Measurement period adjustment - PCD	10,972
PCD			15,972
Charge-offs and sales	(782)	(1,428)	(1,288)	(4,442)
Recoveries		(674)		(860)
Recoveries	659		400
Ending Balance	60,253	49,247	60,253	49,247
Bridge
Allowance for loan losses
Beginning Balance	18,393	21,178	19,519	14,588
Provision for (recovery of) loan losses	2,061	4,056	935	10,646
Recoveries		(660)		(660)
Ending Balance	20,454	24,574	20,454	24,574
Construction
Allowance for loan losses
Beginning Balance	5,122
Provision for (recovery of) loan losses	849		971
Measurement period adjustment - PCD	10,972
PCD			15,972
Ending Balance	16,943		16,943
Fixed rate
Allowance for loan losses
Beginning Balance	6,222	6,865	6,861	7,629
Provision for (recovery of) loan losses	242	(1,142)	(397)	(406)
Charge-offs and sales	(90)		(90)	(1,311)
Recoveries				(189)
Ending Balance	6,374	5,723	6,374	5,723
Residential
Allowance for loan losses
Beginning Balance	57	61	60	52
Provision for (recovery of) loan losses	(1)		(4)	9
Recoveries	(51)		(51)
Ending Balance	5	61	5	61
SBA 7(a)
Allowance for loan losses
Beginning Balance	13,126	13,350	12,180	14,600
Provision for (recovery of) loan losses	200	20	1,691	461
Charge-offs and sales	(692)	(1,401)	(1,191)	(3,105)
Recoveries	711	30	665	43
Ending Balance	13,345	11,999	13,345	11,999
Other
Allowance for loan losses
Beginning Balance	3,205	8,175	6,757	9,863
Provision for (recovery of) loan losses	(72)	(1,214)	(3,404)	(2,893)
Charge-offs and sales		(27)	(7)	(26)
Recoveries	(1)	(44)	(214)	(54)
Ending Balance	3,132	6,890	3,132	6,890
Unfunded Loan Commitment
Allowance for loan losses
Ending Balance	$ 1,000	$ 200	$ 1,000	$ 200

X

- Definition

This element represents the amount of any measurement period adjustment (as defined) realized during the reporting period to allowance for credit loss related to financing receivable purchased with credit deterioration in connection with a business combination for which the initial accounting was incomplete.

+ References

No definition available.

+ Details

Name:	rc_BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentFinancingReceivablePurchasedWithCreditDeteriorationAllowanceForCreditLoss
Namespace Prefix:	rc_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	duration

X

- Definition

Amount of decrease in allowance for credit loss on financing receivable from recovery adjustment.

+ References

No definition available.

+ Details

Name:	rc_FinancingReceivableAllowanceForCreditLossRecoveryAdjustment
Namespace Prefix:	rc_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	duration

X

- Definition

Amount of decrease in allowance for credit loss on financing receivable from sale of loan and write-off of financing receivable charged against allowance for credit loss.

+ References

No definition available.

+ Details

Name:	rc_FinancingReceivableAllowanceForCreditLossSalesAndWriteoff
Namespace Prefix:	rc_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	duration

X

- Definition

Amount of credit loss expense (reversal of expense) for financing receivable excluding unfunded lending commitments.

+ References

No definition available.

+ Details

Name:	rc_FinancingReceivableExcludingUnfundedLendingCommitmentsCreditLossExpenseReversal
Namespace Prefix:	rc_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	duration

X

- Definition

Amount of increase in allowance for credit loss on financing receivable purchased with credit deterioration.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 13
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919249-210447

+ Details

Name:	us-gaap_FinancingReceivableAllowanceForCreditLossPurchasedWithCreditDeteriorationIncrease
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	duration

X

- Definition

Amount of allowance for credit loss on financing receivable. Excludes allowance for financing receivable covered under loss sharing agreement.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 11B
-Subparagraph (c)(1)
-URI https://asc.fasb.org/extlink&oid=123577603&loc=SL6953423-111524

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(7)(2))
-URI https://asc.fasb.org/extlink&oid=126897435&loc=d3e534808-122878

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(4))
-URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 45
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=124255206&loc=SL82895884-210446

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 13
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919249-210447

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 13
-Subparagraph (f)
-URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919249-210447

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher SEC
-Name Regulation S-K (SK)
-Number 229
-Section 1405
-Paragraph (a)
-Subparagraph (3)

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher SEC
-Name Regulation S-K (SK)
-Number 229
-Section 1405
-Paragraph (c)

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher SEC
-Name Regulation S-K (SK)
-Number 229
-Section 1405
-Paragraph (a)
-Subparagraph (1)

+ Details

Name:	us-gaap_FinancingReceivableAllowanceForCreditLosses
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

X

- Definition

Amount of increase in allowance for credit loss on financing receivable from recovery.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 55
-Paragraph 79
-URI https://asc.fasb.org/extlink&oid=124267575&loc=SL82922352-210448

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 13
-Subparagraph (e)
-URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919249-210447

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 11B
-Subparagraph (c)(4)
-URI https://asc.fasb.org/extlink&oid=123577603&loc=SL6953423-111524

+ Details

Name:	us-gaap_FinancingReceivableAllowanceForCreditLossesRecovery
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	duration

X

- Definition

A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.

+ References

No definition available.

+ Details

Name:	us-gaap_FinancingReceivableAllowanceForCreditLossesRollForward
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

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_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:

X

- Details

Name:	us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=us-gaap_UnfundedLoanCommitmentMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: