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Loans Receivable Loans Receivable (Tables)
6 Months Ended
Jun. 30, 2023
Receivables [Abstract]  
Schedule of Loans Receivable
At June 30, 2023 and December 31, 2022, loans receivable were as follows:
(In thousands)June 30,
2023
December 31,
2022
Amortized cost (net of allowance for expected credit losses):
Real estate loans$162,899 $173,616 
Commercial loans18,663 19,386 
Total$181,562 $193,002 
Fair value:
Real estate loans$158,946 $168,595 
Commercial loans18,663 19,386 
Total$177,609 $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 six months ended June 30, 2023 and 2022:
20232022
(In thousands)Real Estate LoansCommercial LoansTotalReal Estate LoansCommercial LoansTotal
Allowance for expected credit losses, beginning of period$1,100 $691 $1,791 $1,362 $356 $1,718 
Change in expected credit losses2,558 201 2,759 (134)591 457 
Allowance for expected credit losses, end of period$3,658 $892 $4,550 $1,228 $947 $2,175 
During the six months ended June 30, 2023, the Company increased the allowance for expected credit losses due to changes in economic assumptions utilized in its credit loss model. During the six months ended June 30, 2022, the Company increased the allowance primarily due to an increase in the weighted average life of the loans receivable portfolio.
The following table presents the rollforward of the allowance for expected credit losses for loans receivable for the three months ended June 30, 2023 and 2022:
20232022
(In thousands)Real Estate LoansCommercial LoansTotalReal Estate LoansCommercial LoansTotal
Allowance for expected credit losses, beginning of period$1,039 $570 $1,609 $1,295 $134 $1,429 
Change in expected credit losses2,619 322 2,941 (67)813 746 
Allowance for expected credit losses, end of period$3,658 $892 $4,550 $1,228 $947 $2,175