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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
INCOME FROM INVESTMENTS:    
Interest and related income $ 16,311 $ 15,856
Purchase discount accretion 1,145 1,185
Less: interest and related expenses (8,673) (7,694)
Income from loan investments, net 8,783 9,347
Revenue from real estate owned 579 0
Total revenue 9,362 9,347
OTHER EXPENSES:    
Base management fees 1,080 1,072
Incentive fees 50 0
General and administrative expenses 963 796
Reimbursement of shared services expenses 691 643
Provision for (reversal of) credit losses 697 (987)
Expenses from real estate owned 645 0
Total other expenses 4,126 1,524
Income before income taxes 5,236 7,823
Income tax expense (3) (20)
Net income $ 5,233 $ 7,803
Weighted average common shares outstanding - basic (in shares) 14,675 14,582
Weighted average common shares outstanding - diluted (in shares) 14,675 14,582
Net income per common share - basic (in dollars per share) $ 0.35 $ 0.53
Net income per common share - diluted (in dollars per share) $ 0.35 $ 0.53