Securities Held-To-Maturity (Tables)

3 Months Ended

Mar. 31, 2024

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
March 31, 2024
APL certificates	$	192,791	$	130,280	$	(28,703)	$	101,577	$	2,157
B Piece bonds	37,657		25,133		7,090		32,223		5,440
Total	$	230,448	$	155,413	$	(21,613)	$	133,800	$	7,597
December 31, 2023
APL certificates	$	192,791	$	128,865	$	(31,331)	$	97,534	$	2,272
B Piece bonds	37,704		26,414		5,442		31,856		3,984
Total	$	230,495	$	155,279	$	(25,889)	$	129,390	$	6,256

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 March 31, 2024
	APL Certificates		B Piece Bonds		Total
Beginning balance	$	2,272	$	3,984	$	6,256
Provision for credit loss expense/(reversal)	(115)		1,456		1,341
Ending balance	$	2,157	$	5,440	$	7,597