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Securities Available for Sale (Tables)
 6 Months Ended
Jun. 30, 2023
Investments, Debt and Equity Securities [Abstract]  
Schedule of Available-for-sale Securities Reconciliation
The amortized cost, gross unrealized gains and losses, credit valuation allowance and fair value of available for sale (AFS) securities were as follows:
June 30, 2023Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Fair
Value
U.S. agency residential mortgage-backed securities$254,999 $— $(40,483)$214,516 
Senior asset-backed securities related to Structured Program transactions144,529 — (605)143,924 
U.S. agency securities93,449 — (14,409)79,040 
Mortgage-backed securities43,723 — (5,580)38,143 
Other asset-backed securities29,187 44 (765)28,466 
Other asset-backed securities related to Structured Program transactions (1)
10,550 6,452 (22)16,980 
Municipal securities3,267 — (757)2,510 
Total securities available for sale (2)
$579,704 $6,496 $(62,621)$523,579 
December 31, 2022Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Fair
Value
U.S. agency residential mortgage-backed securities$255,675 $— $(41,248)$214,427 
U.S. agency securities90,447 — (16,053)74,394 
Mortgage-backed securities26,988 — (4,470)22,518 
Asset-backed securities related to Structured Program transactions8,322 9,395 — 17,717 
Other asset-backed securities14,959 29 (785)14,203 
Municipal securities3,277 — (834)2,443 
Total securities available for sale (2)
$399,668 $9,424 $(63,390)$345,702 
(1)    As of June 30, 2023, $8.5 million of the other asset-backed securities related to Structured Program transactions at fair value are subject to restrictions on transfer pursuant to the Company’s obligations as a “sponsor” under the U.S. Risk Retention Rules.
(2)    As of June 30, 2023 and December 31, 2022, includes $352.1 million and $319.0 million, respectively, of fair value securities pledged as collateral.
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value
A summary of AFS securities with unrealized losses for which a credit valuation allowance has not been recorded, aggregated by period of continuous unrealized loss, is as follows:
Less than
12 months		12 months
or longer		Total
June 30, 2023Fair
Value		Unrealized
Losses		Fair
Value		Unrealized
Losses		Fair
Value		Unrealized
Losses
U.S. agency residential mortgage-backed securities$22,653 $(1,331)$191,863 $(39,152)$214,516 $(40,483)
Senior asset-backed securities related to Structured Program transactions94,552 (605)— — 94,552 (605)
U.S. agency securities5,878 (122)73,162 (14,287)79,040 (14,409)
Mortgage-backed securities16,946 (787)21,197 (4,793)38,143 (5,580)
Other asset-backed securities14,035 (48)8,479 (717)22,514 (765)
Other asset-backed securities related to Structured Program transactions5,703 (22)— — 5,703 (22)
Municipal securities— — 2,510 (757)2,510 (757)
Total securities with unrealized losses$159,767 $(2,915)$297,211 $(59,706)$456,978 $(62,621)
Less than
12 months		12 months
or longer		Total
December 31, 2022Fair
Value		Unrealized
Losses		Fair
Value		Unrealized
Losses		Fair
Value		Unrealized
Losses
U.S. agency residential mortgage-backed securities$111,843 $(15,831)$102,584 $(25,417)$214,427 $(41,248)
U.S. agency securities50,352 (7,213)24,042 (8,840)74,394 (16,053)
Mortgage-backed securities2,441 (229)20,077 (4,241)22,518 (4,470)
Other asset-backed securities4,086 (73)6,945 (712)11,031 (785)
Municipal securities— — 2,443 (834)2,443 (834)
Total securities with unrealized losses$168,722 $(23,346)$156,091 $(40,044)$324,813 $(63,390)
Available-for-sale Securities by Contractual Maturity
The contractual maturities of AFS securities were as follows:
June 30, 2023Amortized CostFair Value
Weighted-
average
Yield (1)
Due after 1 year through 5 years:
Senior asset-backed securities related to Structured Program transactions$144,529 $143,924 
Other asset-backed securities related to Structured Program transactions10,550 16,980 
U.S. agency securities9,000 8,595 
Mortgage-backed securities1,788 1,583 
U.S. agency residential mortgage-backed securities4 4 
Total due after 1 year through 5 years165,871 171,086 5.19 %
Due after 5 years through 10 years:
U.S. agency securities18,847 17,257 
Other asset-backed securities16,491 16,471 
U.S. agency residential mortgage-backed securities5,512 5,127 
Mortgage-backed securities2,047 1,693 
Municipal securities622 541 
Total due after 5 years through 10 years43,519 41,089 4.19 %
Due after 10 years:
U.S. agency residential mortgage-backed securities249,483 209,385 
U.S. agency securities65,602 53,188 
Mortgage-backed securities39,888 34,867 
Other asset-backed securities12,696 11,995 
Municipal securities2,645 1,969 
Total due after 10 years370,314 311,404 2.69 %
Total securities available for sale$579,704 $523,579 3.52 %
(1)    The weighted-average yield is computed using the amortized cost at June 30, 2023.