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Loans Held for Investment at Amortized Cost and Loans Held for Investment at Fair Value - Schedule of Activity in Allowance for Credit Losses (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Dec. 31, 2023
Allowance for credit losses:          
Beginning balance $ 5,240 $ 4,626 $ 4,769 $ 4,893  
Provision for (reversal of) credit losses (69) 154 1,151 1,088  
(Charge-offs) recoveries (320) (95) (1,069) (1,296)  
Ending balance 4,851 4,685 4,851 4,685  
Allowance for Loans Individually Evaluated 1,790 854 1,790 854 $ 974
Allowance related to Loans collectively evaluated 3,061 3,831 3,061 3,831  
Amortized cost related to Loans individually evaluated 317,648 347,300 317,648 347,300  
Amortized cost related to Loans collectively evaluated 2,213,523 2,603,225 2,213,523 2,603,225  
Commercial - Purchase          
Allowance for credit losses:          
Beginning balance 810 732 935 639  
Provision for (reversal of) credit losses (158) 228 (283) 321  
Ending balance 652 960 652 960  
Allowance for Loans Individually Evaluated 100 137 100 137 156
Allowance related to Loans collectively evaluated 552 823 552 823  
Amortized cost related to Loans individually evaluated 30,872 24,013 30,872 24,013  
Amortized cost related to Loans collectively evaluated 550,988 623,111 550,988 623,111  
Commercial - Refinance          
Allowance for credit losses:          
Beginning balance 1,752 2,026 1,805 2,031  
Provision for (reversal of) credit losses (181) (312) (233) (238)  
(Charge-offs) recoveries (32)   (33) (79)  
Ending balance 1,539 1,714 1,539 1,714  
Allowance for Loans Individually Evaluated 547 415 547 415 444
Allowance related to Loans collectively evaluated 992 1,299 992 1,299  
Amortized cost related to Loans individually evaluated 101,933 93,080 101,933 93,080  
Amortized cost related to Loans collectively evaluated 637,954 734,957 637,954 734,957  
Residential 1-4 Unit - Purchase          
Allowance for credit losses:          
Beginning balance 934 403 585 542  
Provision for (reversal of) credit losses 15 217 662 104  
(Charge-offs) recoveries (225) (59) (523) (85)  
Ending balance 724 561 724 561  
Allowance for Loans Individually Evaluated 4   4    
Allowance related to Loans collectively evaluated 720 561 720 561  
Amortized cost related to Loans individually evaluated 30,576 40,235 30,576 40,235  
Amortized cost related to Loans collectively evaluated 415,317 491,798 415,317 491,798  
Residential 1-4 Unit - Refinance          
Allowance for credit losses:          
Beginning balance 1,208 1,264 1,256 1,272  
Provision for (reversal of) credit losses 251 (1) 310 2  
(Charge-offs) recoveries (10)   (117) (11)  
Ending balance 1,449 1,263 1,449 1,263  
Allowance for Loans Individually Evaluated 679 171 679 171 245
Allowance related to Loans collectively evaluated 770 1,092 770 1,092  
Amortized cost related to Loans individually evaluated 126,114 138,951 126,114 138,951  
Amortized cost related to Loans collectively evaluated 577,539 706,689 577,539 706,689  
Short Term 1-4 Unit - Purchase          
Allowance for credit losses:          
Beginning balance 29 59 23 21  
Provision for (reversal of) credit losses 47 (407) 151 410  
(Charge-offs) recoveries (53) 393 (151) (386)  
Ending balance 23 45 23 45  
Allowance for Loans Individually Evaluated   23   23  
Allowance related to Loans collectively evaluated 23 22 23 22  
Amortized cost related to Loans individually evaluated 4,038 7,804 4,038 7,804  
Amortized cost related to Loans collectively evaluated 26,738 36,812 26,738 36,812  
Short Term 1-4 Unit - Refinance          
Allowance for credit losses:          
Beginning balance 507 142 165 388  
Provision for (reversal of) credit losses (43) 429 544 489  
(Charge-offs) recoveries   (429) (245) (735)  
Ending balance 464 142 464 142  
Allowance for Loans Individually Evaluated 460 108 460 108 $ 129
Allowance related to Loans collectively evaluated 4 34 4 34  
Amortized cost related to Loans individually evaluated 24,115 43,217 24,115 43,217  
Amortized cost related to Loans collectively evaluated $ 4,987 $ 9,858 $ 4,987 $ 9,858