XML 54 R43.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Loans and Investments - Risk Ratings and LTV Ratios (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2024
Dec. 31, 2023
Loans and Investments    
Loans and investments, gross $ 12,249,862 $ 12,615,006
Percentage of Portfolio 100.00% 100.00%
Wtd. Avg. First Dollar LTV Ratio (as percent) 2.00%  
Wtd. Avg. Last Dollar LTV Ratio (as percent) 81.00%  
Charge-offs, Year One $ 0 $ 0
Charge-offs, Year Two 0 0
Charge-offs, Year Three 0 0
Charge-offs, Year Four 1,500
Charge-offs, Year Five 0 0
Charge-offs, prior years 0 5,700
Charge-offs, Total 1,500 5,700
Credit risk concentration    
Loans and Investments    
Origination Year One 193,298 752,918
Origination Year Two 800,883 5,324,481
Origination Year Three 5,165,244 5,581,489
Origination Year Four 5,283,464 488,628
Origination Year Five 342,502 239,648
Origination, Prior Years 464,471 227,842
Loans and investments, gross $ 12,249,862 $ 12,615,006
Wtd. Avg. First Dollar LTV Ratio (as percent) 2.00% 1.00%
Wtd. Avg. Last Dollar LTV Ratio (as percent) 81.00% 78.00%
Multifamily | Credit risk concentration    
Loans and Investments    
Origination Year One $ 81,630 $ 422,596
Origination Year Two 435,613 4,813,671
Origination Year Three 4,631,723 5,217,946
Origination Year Four 4,969,233 325,426
Origination Year Five 172,926 239,648
Origination, Prior Years 315,323 78,694
Loans and investments, gross $ 10,606,448 $ 11,097,981
Percentage of Portfolio 87.00% 88.00%
Wtd. Avg. First Dollar LTV Ratio (as percent) 2.00% 1.00%
Wtd. Avg. Last Dollar LTV Ratio (as percent) 84.00% 80.00%
Multifamily | Pass | Credit risk concentration    
Loans and Investments    
Origination Year One $ 36,060 $ 80,814
Origination Year Two 92,062 53,316
Origination Year Three 52,027 26,185
Origination Year Four 8,835 2,010
Origination Year Five 2,010 4,598
Origination, Prior Years 24,879 20,300
Loans and investments, gross 215,873 187,223
Multifamily | Pass/Watch | Credit risk concentration    
Loans and Investments    
Origination Year One 36,501 317,358
Origination Year Two 319,437 2,561,938
Origination Year Three 2,336,702 2,223,155
Origination Year Four 1,846,835 119,860
Origination Year Five 119,860 84,600
Origination, Prior Years 113,100 58,044
Loans and investments, gross 4,772,435 5,364,955
Multifamily | Special Mention | Credit risk concentration    
Loans and Investments    
Origination Year One 9,069 24,424
Origination Year Two 3,014 1,762,539
Origination Year Three 1,771,071 2,631,689
Origination Year Four 2,787,716 180,750
Origination Year Five 28,250 140,685
Origination, Prior Years 167,229 350
Loans and investments, gross 4,766,349 4,740,437
Multifamily | Substandard | Credit risk concentration    
Loans and Investments    
Origination Year One 0 0
Origination Year Two 21,100 435,878
Origination Year Three 467,123 322,987
Origination Year Four 151,612 8,006
Origination Year Five 8,006 0
Origination, Prior Years 350 0
Loans and investments, gross 648,191 766,871
Multifamily | Doubtful | Credit risk concentration    
Loans and Investments    
Origination Year One 0 0
Origination Year Two 0 0
Origination Year Three 4,800 13,930
Origination Year Four 174,235 14,800
Origination Year Five 14,800 9,765
Origination, Prior Years 9,765 0
Loans and investments, gross 203,600 38,495
Single-Family Rental | Credit risk concentration    
Loans and Investments    
Origination Year One 111,668 330,322
Origination Year Two 365,270 510,810
Origination Year Three 533,521 363,543
Origination Year Four 314,231 119,692
Origination Year Five 126,066 0
Origination, Prior Years 0 0
Loans and investments, gross $ 1,450,756 $ 1,324,367
Percentage of Portfolio 12.00% 10.00%
Wtd. Avg. First Dollar LTV Ratio (as percent) 0.00% 0.00%
Wtd. Avg. Last Dollar LTV Ratio (as percent) 63.00% 62.00%
Single-Family Rental | Pass | Credit risk concentration    
Loans and Investments    
Origination Year One $ 0 $ 9,709
Origination Year Two 0 608
Origination Year Three 9,476 0
Origination Year Four 9,673 0
Origination Year Five 0 0
Origination, Prior Years 0 0
Loans and investments, gross 19,149 10,317
Single-Family Rental | Pass/Watch | Credit risk concentration    
Loans and Investments    
Origination Year One 105,172 289,482
Origination Year Two 308,123 465,057
Origination Year Three 446,660 144,846
Origination Year Four 174,652 119,692
Origination Year Five 126,066 0
Origination, Prior Years 0 0
Loans and investments, gross 1,160,673 1,019,077
Single-Family Rental | Special Mention | Credit risk concentration    
Loans and Investments    
Origination Year One 6,496 31,131
Origination Year Two 57,147 45,145
Origination Year Three 77,385 218,697
Origination Year Four 129,906 0
Origination Year Five 0 0
Origination, Prior Years 0 0
Loans and investments, gross 270,934 294,973
Land | Credit risk concentration    
Loans and Investments    
Origination Year One 0 0
Origination Year Two 0 0
Origination Year Three 0 0
Origination Year Four 0 8,100
Origination Year Five 8,100 0
Origination, Prior Years 127,928 127,928
Loans and investments, gross $ 136,028 $ 136,028
Percentage of Portfolio 1.00% 1.00%
Wtd. Avg. First Dollar LTV Ratio (as percent) 0.00% 0.00%
Wtd. Avg. Last Dollar LTV Ratio (as percent) 97.00% 97.00%
Land | Pass/Watch | Credit risk concentration    
Loans and Investments    
Origination Year One $ 0 $ 0
Origination Year Two 0 0
Origination Year Three 0 0
Origination Year Four 0 4,600
Origination Year Five 8,100 0
Origination, Prior Years 0 0
Loans and investments, gross 8,100 4,600
Land | Special Mention | Credit risk concentration    
Loans and Investments    
Origination Year One   0
Origination Year Two   0
Origination Year Three   0
Origination Year Four   3,500
Origination Year Five   0
Origination, Prior Years   0
Loans and investments, gross   3,500
Land | Substandard | Credit risk concentration    
Loans and Investments    
Origination Year One 0 0
Origination Year Two 0 0
Origination Year Three 0 0
Origination Year Four 0 0
Origination Year Five 0 0
Origination, Prior Years 127,928 127,928
Loans and investments, gross 127,928 127,928
Office | Credit risk concentration    
Loans and Investments    
Origination Year One 0 0
Origination Year Two 0 0
Origination Year Three 0 0
Origination Year Four 0 35,410
Origination Year Five 35,410 0
Origination, Prior Years 0 0
Loans and investments, gross $ 35,410 $ 35,410
Percentage of Portfolio 1.00% 1.00%
Wtd. Avg. First Dollar LTV Ratio (as percent) 0.00% 0.00%
Wtd. Avg. Last Dollar LTV Ratio (as percent) 80.00% 80.00%
Office | Special Mention | Credit risk concentration    
Loans and Investments    
Origination Year One $ 0 $ 0
Origination Year Two 0 0
Origination Year Three 0 0
Origination Year Four 0 35,410
Origination Year Five 35,410 0
Origination, Prior Years 0 0
Loans and investments, gross 35,410 35,410
Retail | Credit risk concentration    
Loans and Investments    
Origination Year One 0 0
Origination Year Two 0 0
Origination Year Three 0 0
Origination Year Four 0 0
Origination Year Five 0 0
Origination, Prior Years 19,520 19,520
Loans and investments, gross $ 19,520 $ 19,520
Percentage of Portfolio 1.00% 1.00%
Wtd. Avg. First Dollar LTV Ratio (as percent) 0.00% 0.00%
Wtd. Avg. Last Dollar LTV Ratio (as percent) 95.00% 88.00%
Retail | Substandard | Credit risk concentration    
Loans and Investments    
Origination Year One $ 0 $ 0
Origination Year Two 0 0
Origination Year Three 0 0
Origination Year Four 0 0
Origination Year Five 0 0
Origination, Prior Years 19,520 19,520
Loans and investments, gross 19,520 19,520
Commercial | Credit risk concentration    
Loans and Investments    
Origination Year One 0 0
Origination Year Two 0 0
Origination Year Three 0 0
Origination Year Four 0 0
Origination Year Five 0 0
Origination, Prior Years 1,700 1,700
Loans and investments, gross $ 1,700 $ 1,700
Percentage of Portfolio 1.00% 1.00%
Wtd. Avg. First Dollar LTV Ratio (as percent) 63.00% 63.00%
Wtd. Avg. Last Dollar LTV Ratio (as percent) 66.00% 66.00%
Commercial | Doubtful | Credit risk concentration    
Loans and Investments    
Origination Year One $ 0 $ 0
Origination Year Two 0 0
Origination Year Three 0 0
Origination Year Four 0 0
Origination Year Five 0 0
Origination, Prior Years 1,700 1,700
Loans and investments, gross $ 1,700 $ 1,700