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Loans Receivable Loans Receivable (Tables)
6 Months Ended
Jun. 30, 2025
Receivables [Abstract]  
Schedule of Loans Receivable
At June 30, 2025 and December 31, 2024, loans receivable were as follows:
(In thousands)June 30,
2025
December 31,
2024
Amortized cost (net of allowance for expected credit losses):
Real estate loans$320,309 $402,382 
Commercial loans4,056 3,071 
Total$324,365 $405,453 
Fair value:
Real estate loans$320,643 $402,177 
Commercial loans4,056 3,071 
Total$324,699 $405,248 
Financing Receivable, Allowance for Credit Loss
The following table presents the rollforward of the allowance for expected credit losses for loans receivable for the six months ended June 30, 2025 and 2024:
20252024
(In thousands)Real Estate LoansCommercial LoansTotalReal Estate LoansCommercial LoansTotal
Balance, beginning of period$1,088 $26 $1,114 $2,983 $21 $3,004 
Change in expected credit losses(754)(745)(1,190)(1)(1,191)
Balance, end of period$334 $35 $369 $1,793 $20 $1,813 
During six months ended June 30, 2025, the Company decreased the allowance for expected credit losses due to the redemption of one loan and a decrease in the weighted average life of the remaining loan portfolio. During the six months ended June 30, 2024, the Company decreased the allowance for expected credit losses due to a decrease in the weighted average life of the loan portfolio.
The following table presents the rollforward of the allowance for expected credit losses for loans receivable for the three months ended June 30, 2025 and 2024:
20252024
(In thousands)Real Estate LoansCommercial LoansTotalReal Estate LoansCommercial LoansTotal
Balance, beginning of period$776 $12 $788 $2,587 $22 $2,609 
Change in expected credit losses(442)23 (419)(794)(2)(796)
Balance, end of period$334 $35 $369 $1,793 $20 $1,813