Loans Receivable Loans Receivable (Tables)

3 Months Ended

Mar. 31, 2023

Receivables [Abstract]

Schedule of Loans Receivable

At March 31, 2023 and December 31, 2022, loans receivable were as follows:

(In thousands)	March 31, 2023		December 31, 2022
Amortized cost (net of allowance for expected credit losses):
Real estate loans	$	175,745	$	173,616
Commercial loans	19,199		19,386
Total	$	194,944	$	193,002
Fair value:
Real estate loans	$	168,256	$	168,595
Commercial loans	19,199		19,386
Total	$	187,455	$	187,981

Financing Receivable, Allowance for Credit Loss

The following table presents the rollforward of the allowance for expected credit losses for loans receivable for the three months ended March 31, 2023 and 2022:

	2023						2022
(In thousands)	Real Estate Loans		Commercial Loans		Total		Real Estate Loans		Commercial Loans		Total
Allowance for expected credit losses, beginning of period	$	1,100	$	691	$	1,791	$	1,362	$	356	$	1,718
Change in expected credit losses	(61)		(121)		(182)		(67)		(222)		(289)
Allowance for expected credit losses, end of period	$	1,039	$	570	$	1,609	$	1,295	$	134	$	1,429

During the three months ended March 31, 2023, the Company decreased the allowance primarily due to a decrease in the weighted average life of the loans receivable portfolio. During the three months ended March 31, 2022, the Company reduced the allowance primarily due to the decrease in the duration of the loan portfolio.