Bank call loans

12 Months Ended

Dec. 31, 2024

Bank Call Loans [Abstract]

Bank call loans

Bank call loans

Bank call loans, primarily payable on demand, bear interest at various rates. Details of the bank call loans are as follows:

(Expressed in thousands, except percentages)
	2024			2023
Year-end balance	$	252,100		$	—
Weighted interest rate (at end of year)	5.12		%	—		%
Maximum balance (at any month-end)	288,200			131,900
Average amount outstanding (during the year)	167,691			49,387
Average interest rate (during the year)	5.44		%	4.20		%

Interest expense for the year ended December 31, 2024 on bank call loans was $9.9 million ($2.9 million in 2023 and $1.8 million in 2022).