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Loans Receivable
 3 Months Ended
Mar. 31, 2024
Receivables [Abstract]  
Loans Receivable Loans Receivable
At March 31, 2024 and December 31, 2023, loans receivable were as follows:
(In thousands)March 31,
2024		December 31,
2023
Amortized cost (net of allowance for expected credit losses):
Real estate loans$227,431 $200,381 
Commercial loans1,335 890 
Total$228,766 $201,271 
Fair value:
Real estate loans$227,821 $197,354 
Commercial loans1,335 890 
Total$229,156 $198,244 
The real estate loans are secured by commercial and residential real estate primarily located in the UK and 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.
The following table presents the rollforward of the allowance for expected credit losses for loans receivable for the three months ended March 31, 2024 and 2023:
20242023
(In thousands)Real Estate LoansCommercial LoansTotalReal Estate LoansCommercial LoansTotal
Allowance for expected credit losses, beginning of period$2,983 $21 $3,004 $1,100 $691 $1,791 
Change in expected credit losses(396)1 (395)(61)(121)(182)
Allowance for expected credit losses, end of period$2,587 $22 $2,609 $1,039 $570 $1,609 

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.