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SECURITIES - Summary of Securities (Details)
$ in Thousands
12 Months Ended
Dec. 31, 2023
USD ($)
security
Dec. 31, 2022
USD ($)
security
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount $ 1,407,340 $ 1,670,439
Amortized Cost Basis 499,389 608,439
Gross Unrealized Gains 565 144
Gross Unrealized Losses (14,545) (21,163)
Carrying value, before allowance for credit loss $ 485,409 $ 587,420
# of Securities | security 95 106
Weighted Average Coupon 2.55% 2.06%
Weighted Average Yield 6.82% 5.29%
Remaining Duration (years) 1 year 11 months 23 days 1 year 25 days
Amortized Cost Basis $ 160  
Gross Unrealized Gains 0  
Gross Unrealized Losses (16)  
Carrying Value $ 144 $ 119
# of Securities | security 1 1
Allowance for current expected credit losses $ (20) $ (20)
Total Amortized Cost Basis 499,549 608,599
Total Gross Unrealized Gains 565 144
Total real estate securities, Gross Unrealized Losses (14,581) (21,224)
Carrying Value $ 485,533 $ 587,519
Total number of Securities | security 96 107
CMBS    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount $ 439,679 $ 562,839
Amortized Cost Basis 439,052 562,246
Gross Unrealized Gains 277 0
Gross Unrealized Losses (14,439) (20,913)
Carrying value, before allowance for credit loss $ 424,890 $ 541,333
# of Securities | security 64 71
Weighted Average Coupon 6.67% 5.22%
Weighted Average Yield 6.83% 5.32%
Remaining Duration (years) 2 years 1 year 21 days
Risk retention requirement, amount $ 9,000 $ 9,000
CMBS interest-only    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount 876,555 1,026,195
Amortized Cost Basis 6,453 10,498
Gross Unrealized Gains 169 121
Gross Unrealized Losses (53) (176)
Carrying value, before allowance for credit loss $ 6,569 $ 10,443
# of Securities | security 9 10
Weighted Average Coupon 0.57% 0.41%
Weighted Average Yield 6.61% 3.65%
Remaining Duration (years) 1 year 25 days 1 year 5 months 12 days
Risk retention requirement, amount $ 300 $ 400
GNMA interest-only    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount 37,053 45,369
Amortized Cost Basis 214 285
Gross Unrealized Gains 51 17
Gross Unrealized Losses (52) (21)
Carrying value, before allowance for credit loss $ 213 $ 281
# of Securities | security 14 14
Weighted Average Coupon 0.36% 0.31%
Weighted Average Yield 6.12% 4.23%
Remaining Duration (years) 3 years 7 months 6 days 3 years 3 months 18 days
Agency securities    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount $ 22 $ 36
Amortized Cost Basis 22 36
Gross Unrealized Gains 0 0
Gross Unrealized Losses (1) (1)
Carrying value, before allowance for credit loss $ 21 $ 35
# of Securities | security 1 1
Weighted Average Coupon 4.00% 4.00%
Weighted Average Yield 2.70% 2.70%
Remaining Duration (years) 1 year 18 days 1 year 6 months 14 days
U.S. Treasury securities    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount $ 54,031 $ 36,000
Amortized Cost Basis 53,648 35,374
Gross Unrealized Gains 68 6
Gross Unrealized Losses 0 (52)
Carrying value, before allowance for credit loss $ 53,716 $ 35,328
# of Securities | security 7 10
Weighted Average Yield 5.41% 4.17%
Remaining Duration (years) 25 days 7 months 6 days
Class A Common Stock    
Debt Securities, Available-for-sale [Line Items]    
Amortized Cost Basis   $ 160
Gross Unrealized Gains   0
Gross Unrealized Losses   $ (41)