Variable Interest Entity (VIE)	12 Months Ended
Dec. 31, 2021
Variable Interest Entity [Abstract]
Variable Interest Entity (VIE)	Note H—Variable Interest Entity (“VIE”) VIE’s are entities that, by design, either (1) lack sufficient equity to permit the entity to finance its activities without additional subordinated financial support from other parties, or (2) have equity investors that do not have the ability to make significant decisions relating to the entity’s operations through voting rights, or do not have the obligation to absorb the expected losses, or do not have the right to receive the residual returns of the entity. The most common type of VIE is a special purpose entity (“SPE”). SPEs are commonly used in securitization transactions in order to isolate certain assets and distribute the cash flows from those assets to investors. The basic SPE structure involves a company selling assets to the SPE with the SPE funding the purchase of those assets by issuing securities to investors. The agreements that govern the transaction specify how the cash earned on the assets must be allocated to the SPE’s investors and other parties that have rights to those cash flows. SPEs are generally structured to insulate investors from claims on the SPE’s assets by creditors of other entities, including the creditors of the seller of the assets. The primary beneficiary of a VIE (i.e., the party that has a controlling financial interest) is required to consolidate the assets and liabilities of the VIE. The primary beneficiary is the party that has both (1) the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance; and (2) through its interests in the VIE, the obligation to absorb losses or the right to receive benefits from the VIE that could potentially be significant to the VIE. At December 31, 2020 the Company held a variable interest in Walnut Street 2014-1 LLC (“WS 2014”), accounted for as a debt instrument for which the Company elected the fair value option. The debt acquired was a 49% equity interest in WS 2014, as well as 100% of the A-Notes and 49% of the B-Notes that WS 2014 issued in a securitization transaction. The assets within the securitization consisted of loans and loan collateral from the Company’s discontinued loan portfolio. The variable interests related to the economic interests held by the Company in WS 2014 and the asset management contract between the Company and WS 2014. The Company was not the primary beneficiary, as it did not have the controlling financial interest in WS 2014, and; therefore, did not consolidate WS 2014. Walnut Street was dissolved in the third quarter of 2021 and had a June 30, 2021 balance of $25.0 million which was reclassified as follows. Approximately $22.9 million of loans were reclassified to commercial loans, at fair value and $2.1 million was reclassified to other real estate owned. The following table shows the Company’s remaining interests in CRE2 and CRE6, which represent single securities purchased by the Company in the securitizations for which the Company generated all of the commercial mortgage-backed loan collateral. The Company’s securities purchased from CRE1, CRE3, CRE4, and CRE5 were paid in full during 2021. December 31, 2021 Principal amount outstanding The Company's Assets held in interest Total assets Assets held in nonconsolidated in securitized held by consolidated VIEs with assets in securitization securitization continuing nonconsolidated VIEs (a) VIEs involvement VIEs (b)Commercial mortgage-backed securities CRE2 (c) $ 76,115 $ — $ 76,115 $ 12,574 CRE3 61,887 — 61,887 —CRE4 48,405 — 48,405 —CRE5 112,832 — 112,832 —CRE6 343,501 — 343,501 51,558 December 31, 2020 Principal amount outstanding The Company's Assets held in interest Total assets Assets held in nonconsolidated in securitized held by consolidated VIEs with assets in securitization securitization continuing nonconsolidated VIEs (a) VIEs involvement VIEsCommercial and other $ 43,982 $ — $ 43,982 $ 31,294 Commercial mortgage-backed securities CRE1 28,152 — 28,152 7,342 CRE2 114,205 — 114,205 12,574 CRE3 111,158 — 111,158 17,495 CRE4 157,038 — 157,038 25,575 CRE5 350,569 — 350,569 33,042 CRE6 625,773 — 625,773 51,558 (a) Consists of commercial loans predominantly secured by real estate.(b) The Company’s securities purchased from CRE1, CRE3, CRE4, and CRE5 were paid in full during 2021. The security purchased from CRE2 was non-rated and the security purchased from CRE6 was rated AA- by Kroll Bond Rating Agency at December 31, 2021. At December 31, 2021, CRE2 was valued by discounted cash flow analysis and CRE6 was priced by a pricing service. (c) As of December 31, 2020, the principal balance of the security the Company owned issued by CRE1 was $7.3 million. The entire security including our interest was paid off in full during 2021. As of December 31, 2021, the principal balance of the security we owned issued by CRE2 was $12.6 million. Repayment is expected from the workout or disposition of commercial real estate collateral, after repayment of more senior tranches. Our $12.6 million security has 41% excess credit support; thus, losses of 41% of remaining security balances would have to be incurred, prior to any loss on our security. Additionally, the commercial real estate collateral supporting four of the remaining five loans was re-appraised in 2020 and 2021. The updated appraised value is approximately $78.8 million, which is net of $3.1 million due to the servicer. The remaining principal to be repaid on all securities is approximately $76.1 million and, as noted, our security is scheduled to be repaid prior to 41% of the outstanding securities. However, any future reappraisals could result in further decreases in collateral valuation. While available information indicates that the value of existing collateral will be adequate to repay our security, there can be no assurance that such valuations will be realized upon loan resolutions, and that deficiencies will not exceed the 41% credit support.

Variable Interest Entity (VIE)

12 Months Ended

Dec. 31, 2021

Note H—Variable Interest Entity (“VIE”) VIE’s are entities that, by design, either (1) lack sufficient equity to permit the entity to finance its activities without additional subordinated financial support from other parties, or (2) have equity investors that do not have the ability to make significant decisions relating to the entity’s operations through voting rights, or do not have the obligation to absorb the expected losses, or do not have the right to receive the residual returns of the entity. The most common type of VIE is a special purpose entity (“SPE”). SPEs are commonly used in securitization transactions in order to isolate certain assets and distribute the cash flows from those assets to investors. The basic SPE structure involves a company selling assets to the SPE with the SPE funding the purchase of those assets by issuing securities to investors. The agreements that govern the transaction specify how the cash earned on the assets must be allocated to the SPE’s investors and other parties that have rights to those cash flows. SPEs are generally structured to insulate investors from claims on the SPE’s assets by creditors of other entities, including the creditors of the seller of the assets. The primary beneficiary of a VIE (i.e., the party that has a controlling financial interest) is required to consolidate the assets and liabilities of the VIE. The primary beneficiary is the party that has both (1) the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance; and (2) through its interests in the VIE, the obligation to absorb losses or the right to receive benefits from the VIE that could potentially be significant to the VIE. At December 31, 2020 the Company held a variable interest in Walnut Street 2014-1 LLC (“WS 2014”), accounted for as a debt instrument for which the Company elected the fair value option. The debt acquired was a 49% equity interest in WS 2014, as well as 100% of the A-Notes and 49% of the B-Notes that WS 2014 issued in a securitization transaction. The assets within the securitization consisted of loans and loan collateral from the Company’s discontinued loan portfolio. The variable interests related to the economic interests held by the Company in WS 2014 and the asset management contract between the Company and WS 2014. The Company was not the primary beneficiary, as it did not have the controlling financial interest in WS 2014, and; therefore, did not consolidate WS 2014. Walnut Street was dissolved in the third quarter of 2021 and had a June 30, 2021 balance of $25.0 million which was reclassified as follows. Approximately $22.9 million of loans were reclassified to commercial loans, at fair value and $2.1 million was reclassified to other real estate owned. The following table shows the Company’s remaining interests in CRE2 and CRE6, which represent single securities purchased by the Company in the securitizations for which the Company generated all of the commercial mortgage-backed loan collateral. The Company’s securities purchased from CRE1, CRE3, CRE4, and CRE5 were paid in full during 2021. December 31, 2021 Principal amount outstanding The Company's Assets held in interest Total assets Assets held in nonconsolidated in securitized held by consolidated VIEs with assets in securitization securitization continuing nonconsolidated VIEs (a) VIEs involvement VIEs (b)Commercial mortgage-backed securities CRE2 (c) $ 76,115 $ — $ 76,115 $ 12,574 CRE3 61,887 — 61,887 —CRE4 48,405 — 48,405 —CRE5 112,832 — 112,832 —CRE6 343,501 — 343,501 51,558 December 31, 2020 Principal amount outstanding The Company's Assets held in interest Total assets Assets held in nonconsolidated in securitized held by consolidated VIEs with assets in securitization securitization continuing nonconsolidated VIEs (a) VIEs involvement VIEsCommercial and other $ 43,982 $ — $ 43,982 $ 31,294 Commercial mortgage-backed securities CRE1 28,152 — 28,152 7,342 CRE2 114,205 — 114,205 12,574 CRE3 111,158 — 111,158 17,495 CRE4 157,038 — 157,038 25,575 CRE5 350,569 — 350,569 33,042 CRE6 625,773 — 625,773 51,558 (a) Consists of commercial loans predominantly secured by real estate.(b) The Company’s securities purchased from CRE1, CRE3, CRE4, and CRE5 were paid in full during 2021. The security purchased from CRE2 was non-rated and the security purchased from CRE6 was rated AA- by Kroll Bond Rating Agency at December 31, 2021. At December 31, 2021, CRE2 was valued by discounted cash flow analysis and CRE6 was priced by a pricing service. (c) As of December 31, 2020, the principal balance of the security the Company owned issued by CRE1 was $7.3 million. The entire security including our interest was paid off in full during 2021. As of December 31, 2021, the principal balance of the security we owned issued by CRE2 was $12.6 million. Repayment is expected from the workout or disposition of commercial real estate collateral, after repayment of more senior tranches. Our $12.6 million security has 41% excess credit support; thus, losses of 41% of remaining security balances would have to be incurred, prior to any loss on our security. Additionally, the commercial real estate collateral supporting four of the remaining five loans was re-appraised in 2020 and 2021. The updated appraised value is approximately $78.8 million, which is net of $3.1 million due to the servicer. The remaining principal to be repaid on all securities is approximately $76.1 million and, as noted, our security is scheduled to be repaid prior to 41% of the outstanding securities. However, any future reappraisals could result in further decreases in collateral valuation. While available information indicates that the value of existing collateral will be adequate to repay our security, there can be no assurance that such valuations will be realized upon loan resolutions, and that deficiencies will not exceed the 41% credit support.