Securities Held-To-Maturity (Tables)

9 Months Ended

Sep. 30, 2023

Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity [Abstract]

Schedule of Securities Held-To-Maturity

A summary of our securities held-to-maturity is as follows (in thousands):

	Face Value		Net Carrying Value		Unrealized Gain (Loss)		Estimated Fair Value		Allowance for Credit Losses
September 30, 2023
APL certificates	$	192,791	$	127,547	$	(33,337)	$	94,210	$	2,340
B Piece bonds	38,786		27,625		4,773		32,398		3,603
Total	$	231,577	$	155,172	$	(28,564)	$	126,608	$	5,943
December 31, 2022
APL certificates	$	192,791	$	123,475	$	(13,348)	$	110,127	$	2,783
B Piece bonds	41,464		33,072		1,372		34,444		370
Total	$	234,255	$	156,547	$	(11,976)	$	144,571	$	3,153

Schedule of Changes in the Allowance for Credit Losses

A summary of the changes in the allowance for credit losses for our securities held-to-maturity is as follows (in thousands):

	Three Months Ended September 30, 2023
	APL Certificates		B Piece Bonds		Total
Beginning balance	$	3,375	$	1,159	$	4,534
Provision for credit loss expense/(reversal)	(1,035)		2,444		1,409
Ending balance	$	2,340	$	3,603	$	5,943
	Nine Months Ended September 30, 2023
Beginning balance	$	2,783	$	370	$	3,153
Provision for credit loss expense/(reversal)	(443)		3,233		2,790
Ending balance	$	2,340	$	3,603	$	5,943