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Loans Held for Investment and Loans Held for Investment at Fair Value - Schedule of Activity in Allowance for Credit Losses (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
Allowance for credit losses:          
Beginning balance $ 5,267 $ 5,045 $ 4,769 $ 4,893  
Provision for credit losses 218 298 1,219 933  
Charge-offs (245) (717) (748) (1,200)  
Ending balance 5,240 4,626 5,240 4,626  
Allowance for Loans Individually Evaluated 1,614 1,043 1,614 1,043 $ 974
Allowance related to Loans collectively evaluated 3,626 3,583 3,626 3,583  
Amortized cost related to Loans individually evaluated 327,290 354,787 327,290 354,787  
Amortized cost related to Loans collectively evaluated 2,297,569 2,707,779 2,297,569 2,707,779  
Commercial - Purchase          
Allowance for credit losses:          
Beginning balance 861 796 935 639  
Provision for credit losses (51) (64) (125) 93  
Ending balance 810 732 810 732  
Allowance for Loans Individually Evaluated 111 137 111 137 156
Allowance related to Loans collectively evaluated 698 595 698 595  
Amortized cost related to Loans individually evaluated 30,198 21,239 30,198 21,239  
Amortized cost related to Loans collectively evaluated 569,116 643,243 569,116 643,243  
Commercial - Refinance          
Allowance for credit losses:          
Beginning balance 1,894 2,060 1,805 2,031  
Provision for credit losses (142) (34) (51) 74  
Charge-offs     (2) (79)  
Ending balance 1,752 2,026 1,752 2,026  
Allowance for Loans Individually Evaluated 552 552 552 552 444
Allowance related to Loans collectively evaluated 1,200 1,474 1,200 1,474  
Amortized cost related to Loans individually evaluated 99,844 93,176 99,844 93,176  
Amortized cost related to Loans collectively evaluated 658,335 760,872 658,335 760,872  
Residential 1-4 Unit - Purchase          
Allowance for credit losses:          
Beginning balance 973 468 585 542  
Provision for credit losses (39) (65) 645 (112)  
Charge-offs     (296) (27)  
Ending balance 934 403 934 403  
Allowance for Loans Individually Evaluated 189   189    
Allowance related to Loans collectively evaluated 745 403 745 403  
Amortized cost related to Loans individually evaluated 33,640 49,826 33,640 49,826  
Amortized cost related to Loans collectively evaluated 435,760 503,443 435,760 503,443  
Residential 1-4 Unit - Refinance          
Allowance for credit losses:          
Beginning balance 1,269 1,363 1,256 1,272  
Provision for credit losses (61) (99) 59 3  
Charge-offs     (107) (11)  
Ending balance 1,208 1,264 1,208 1,264  
Allowance for Loans Individually Evaluated 273 246 273 246 245
Allowance related to Loans collectively evaluated 936 1,018 936 1,018  
Amortized cost related to Loans individually evaluated 132,448 139,356 132,448 139,356  
Amortized cost related to Loans collectively evaluated 601,555 742,664 601,555 742,664  
Short Term 1-4 Unit - Purchase          
Allowance for credit losses:          
Beginning balance 17 24 23 21  
Provision for credit losses 12 752 105 816  
Charge-offs   (717) (99) (778)  
Ending balance 29 59 29 59  
Allowance related to Loans collectively evaluated 29 59 29 59  
Amortized cost related to Loans individually evaluated 6,904 3,587 6,904 3,587  
Amortized cost related to Loans collectively evaluated 26,209 45,655 26,209 45,655  
Short Term 1-4 Unit - Refinance          
Allowance for credit losses:          
Beginning balance 253 334 165 388  
Provision for credit losses 499 (192) 586 59  
Charge-offs (245)   (244) (305)  
Ending balance 507 142 507 142  
Allowance for Loans Individually Evaluated 489 108 489 108 $ 129
Allowance related to Loans collectively evaluated 18 34 18 34  
Amortized cost related to Loans individually evaluated 24,256 47,603 24,256 47,603  
Amortized cost related to Loans collectively evaluated $ 6,594 $ 11,902 $ 6,594 $ 11,902