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Loans Receivable
 6 Months Ended
Jun. 30, 2021
Receivables [Abstract]  
Loans Receivable Loans Receivable
At June 30, 2021 and December 31, 2020, loans receivable were as follows:
(In thousands)June 30,
2021		December 31,
2020
Amortized cost (net of allowance for expected credit losses):
Real estate loans$89,821 $51,910 
Commercial loans26,188 33,003 
Total$116,009 $84,913 
Fair value:
Real estate loans$91,322 $53,593 
Commercial loans26,188 33,003 
Total$117,510 $86,596 
The real estate loans are secured by commercial and residential real estate primarily located in New York. These loans generally earn interest at fixed or stepped interest rates and have maturities through 2026. The commercial loans are with small business owners who have secured the related financing with the assets of the business. Commercial loans primarily earn interest on a fixed basis and have varying maturities generally not exceeding 10 years.
Loans receivable in non-accrual status were both $0.2 million as of June 30, 2021 and December 31, 2020.
The following table presents the rollforward of the allowance for expected credit losses for loans receivable for the six months ended June 30, 2021 and 2020:
20212020
(In thousands)Real Estate LoansCommercial LoansTotalReal Estate LoansCommercial LoansTotal
Allowance for expected credit losses, beginning of period$1,683 $3,754 $5,437 $1,502 $644 $2,146 
Cumulative effect adjustment resulting from changes in accounting principles— — — (905)548 (357)
Provision for expected credit losses(182)(3,285)(3,467)3,721 3,209 6,930 
Allowance for expected credit losses, end of period$1,501 $469 $1,970 $4,318 $4,401 $8,719 
The following table presents the rollforward of the allowance for expected credit losses for loans receivable for the three months ended June 30, 2021 and 2020:
20212020
(In thousands)Real Estate LoansCommercial LoansTotalReal Estate LoansCommercial LoansTotal
Allowance for expected credit losses, beginning of period$1,608 $2,590 $4,198 $1,435 $2,493 $3,928 
Provision for expected credit losses(107)(2,121)(2,228)2,883 1,908 4,791 
Allowance for expected credit losses, end of period$1,501 $469 $1,970 $4,318 $4,401 $8,719 
The Company monitors the performance of its loans receivable and assesses the ability of the borrower to pay principal and interest based upon loan structure, underlying property values, cash flow and related financial and operating performance of the property and market conditions.
    In evaluating the real estate loans, the Company considers their credit quality indicators, including loan to value ratios, which compare the outstanding loan amount to the estimated value of the property, the borrower’s financial condition and performance with respect to loan terms, the position in the capital structure, the overall leverage in the capital structure and other market conditions.