v3.24.2.u1
Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2024
Summary of Significant Accounting Policies  
Schedule of allowance for credit losses

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Provision for credit

    

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Balance as of December 31, 2023

    

losses related to loans

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Balance as of June 30, 2024

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(in thousands)

Mortgages receivable

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$

7,523

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$

6,882

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$

14,405

Interest receivable

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902

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956

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1,858

Due from borrower

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352

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1,381

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1,733

Unfunded commitments

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509

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596

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1,105

Total Allowance for credit losses

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$

9,286

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$

9,815

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$

19,101

Schedule of property and equipment, net

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June 30, 2024

    

Cost

    

Accumulated Depreciation

    

Property and Equipment, Net

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(in thousands)

Building

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$

2,541

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$

(78)

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$

2,463

Land

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255

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—

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255

Furniture and fixtures

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281

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(83)

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198

Computer hardware and software

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288

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(235)

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53

Vehicles

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435

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(127)

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308

Total property and equipment, net

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$

3,800

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$

(523)

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$

3,277

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December 31, 2023

    

Cost

    

Accumulated Depreciation

    

Property and Equipment, Net 

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(in thousands)

Building

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$

2,541

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$

(47)

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$

2,494

Land

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255

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—

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255

Furniture and fixtures

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281

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(51)

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230

Computer hardware and software

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276

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(213)

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63

Vehicles

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429

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(98)

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331

Total property and equipment, net

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$

3,782

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$

(409)

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$

3,373