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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
INCOME FROM INVESTMENTS:    
Interest and related income $ 62,415 $ 66,337
Purchase discount accretion 2,347 4,128
Less: interest and related expenses (31,769) (33,518)
Income from loan investments, net 32,993 36,947
Revenue from real estate owned 2,281 1,288
Total revenue 35,274 38,235
OTHER EXPENSES:    
Base management fees 4,329 4,303
Incentive fees 974 968
General and administrative expenses 3,902 3,947
Reimbursement of shared services expenses 2,647 2,596
Provision for (reversal of) credit losses 3,080 (799)
Expenses from real estate owned 2,489 1,293
Total other expenses 17,421 12,308
Income before income taxes 17,853 25,927
Income tax (expense) benefit (33) 38
Net income $ 17,820 $ 25,965
Weighted average common shares outstanding- basic (in shares) 14,712 14,625
Weighted average common shares outstanding - diluted (in shares) 14,712 14,625
Net income per common share, basic (in dollars per share) $ 1.20 $ 1.76
Net income per common share, diluted (in dollars per share) $ 1.20 $ 1.76