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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues        
Revenues $ 27,128 $ 30,594 $ 85,517 $ 89,245
Operating expenses:        
Compensation and employee benefits 3,972 3,920 12,970 10,916
General and administrative 3,429 2,905 9,832 8,321
Real property management expenses, net 1,542 0 2,625 108
Interest expense 2,242 721 6,477 1,719
Total expenses 11,185 7,546 31,904 21,064
Impairment:        
Provision for credit losses, net 12,288 2,607 16,729 5,373
Other (expense) income:        
Change in fair value of warrant liabilities 415 1,244 593 (2,490)
Gain on sale of real property 25 0 984 0
Impairment on real property (1,485) 0 (1,831) 0
Total other (expense) income (1,045) 1,244 (254) (2,490)
Income before provision for income taxes 2,610 21,685 36,630 60,318
Income tax provision 0 0 0 0
Net income $ 2,610 $ 21,685 $ 36,630 $ 60,318
Earnings per common share:        
Basic $ 0.02 $ 0.16 $ 0.28 $ 0.45
Diluted $ 0.02 $ 0.16 $ 0.28 $ 0.45
Weighted-average shares of common stock outstanding, basic and diluted        
Basic 132,884,407 132,658,661 132,867,288 132,575,852
Diluted 132,906,780 132,752,471 132,936,411 132,663,437
Interest Income        
Revenues        
Revenues $ 20,685 $ 22,846 $ 66,927 $ 66,481
Fee Income        
Revenues        
Revenues $ 6,443 $ 7,748 $ 18,590 $ 22,764