XML 49 R40.htm IDEA: XBRL DOCUMENT v3.23.3
Loans Receivable Loans Receivable (Tables)
 9 Months Ended
Sep. 30, 2023
Receivables [Abstract]  
Schedule of Loans Receivable
At September 30, 2023 and December 31, 2022, loans receivable were as follows:
(In thousands)September 30,
2023		December 31,
2022
Amortized cost (net of allowance for expected credit losses):
Real estate loans$159,857 $173,616 
Commercial loans17,893 19,386 
Total$177,750 $193,002 
Fair value:
Real estate loans$156,407 $168,595 
Commercial loans17,893 19,386 
Total$174,300 $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 nine months ended September 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 losses2,302 (84)2,218 (200)474 274 
Allowance for expected credit losses, end of period$3,402 $607 $4,009 $1,162 $830 $1,992 
During the nine months ended September 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 nine months ended September 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 September 30, 2023 and 2022:
20232022
(In thousands)Real Estate LoansCommercial LoansTotalReal Estate LoansCommercial LoansTotal
Allowance for expected credit losses, beginning of period$3,658 $892 $4,550 $1,228 $947 $2,175 
Change in expected credit losses(256)(285)(541)(66)(117)(183)
Allowance for expected credit losses, end of period$3,402 $607 $4,009 $1,162 $830 $1,992