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Loans Receivable Loans Receivable (Tables)
 9 Months Ended
Sep. 30, 2024
Receivables [Abstract]  
Schedule of Loans Receivable
At September 30, 2024 and December 31, 2023, loans receivable were as follows:
(In thousands)September 30,
2024		December 31,
2023
Amortized cost (net of allowance for expected credit losses):
Real estate loans$387,642 $200,381 
Commercial loans2,227 890 
Total$389,869 $201,271 
Fair value:
Real estate loans$387,634 $197,354 
Commercial loans2,227 890 
Total$389,861 $198,244 
Financing Receivable, Allowance for Credit Loss
The following table presents the rollforward of the allowance for expected credit losses for loans receivable for the nine months ended September 30, 2024 and 2023:
20242023
(In thousands)Real Estate LoansCommercial LoansTotalReal Estate LoansCommercial LoansTotal
Allowance for expected credit losses, beginning of period$2,983 $21 $3,004 $1,100 $691 $1,791 
Change in expected credit losses(1,581)2 (1,579)2,302 (84)2,218 
Allowance for expected credit losses, end of period$1,402 $23 $1,425 $3,402 $607 $4,009 
During the nine months ended September 30, 2024, the Company decreased the allowance for expected credit losses due to a decrease in the weighted average life of the loan portfolio. During the nine months ended September 30, 2023, the Company increased the allowance for expected credit losses due to changes in economic assumptions utilized in its credit loss model.
The following table presents the rollforward of the allowance for expected credit losses for loans receivable for the three months ended September 30, 2024 and 2023:
20242023
(In thousands)Real Estate LoansCommercial LoansTotalReal Estate LoansCommercial LoansTotal
Allowance for expected credit losses, beginning of period$1,793 $20 $1,813 $3,658 $892 $4,550 
Change in expected credit losses(391)3 (388)(256)(285)(541)
Allowance for expected credit losses, end of period$1,402 $23 $1,425 $3,402 $607 $4,009