Schedule IV (Consolidated) - Mortgage Loans on Real Estate

12 Months Ended

Dec. 31, 2022

Mortgage Loans on Real Estate [Abstract]

SCHEDULE IV (CONSOLIDATED) - MORTGAGE LOANS ON REAL ESTATE

THE ST. JOE COMPANY

SCHEDULE IV (CONSOLIDATED) - MORTGAGE LOANS ON REAL ESTATE

DECEMBER 31, 2022

(in thousands)

										Principal Amount
										of Loans Subject
			Periodic			Face		Carrying		to Delinquent
	Interest		Payment	Prior		Amount of		Amount of		Principal
Description of Note Receivable (a)	Rate	Final Maturity Date	Terms	Liens		Mortgages		Mortgages		or Interest
Secured revolving promissory note with unconsolidated Latitude Margaritaville Watersound JV, homesite development	5.0%	June 2025	P&I(b)	$	—	$	—	$	—	$	—
Seller financing, residential homesites	5.5%	May 2023	P&I(c)		—		814		814		—
Seller financing, residential homesites	5.5%	May 2023	P&I(c)		—		482		482		—
Various other seller financing, rural land	4.8%	November 2023	P&I(d)		—		19		19		—
Total(e)				$	—	$	1,315	$	1,315	$	—

(a) All seller financed properties are located in Northwest Florida.

(b) Principal and interest due at closing of each residential homesite to a third party. On the maturity date, all outstanding principal, all accrued interest and any other customary charges shall be due and payable in full. See Note 8. Other Assets for additional information related to the revolving promissory note.

(c) Interest is paid quarterly over a twenty-year amortization schedule. On the maturity date, all outstanding principal, all accrued interest and any other customary charges shall be due and payable in full.

(d) Principal and interest is paid monthly.

(e) The aggregate cost for federal income tax purposes approximates the amount of unpaid principal.

The summarized changes in the carrying amount of mortgage loans are as follows:

	December 31,		December 31,		December 31,
	2022		2021		2020
Balance at beginning of the year	$	11,942	$	10,321	$	2,683
Additions during the year - new mortgage loans		—		7,798		9,615
Deductions during the year:
Collections of principal		10,699		6,005		1,949
Foreclosures		—		128		—
Other		(72)		44		28
Balance at the end of the year	$	1,315	$	11,942	$	10,321