Loans Receivable and Allowance for Loan Losses (Tables)

9 Months Ended

Sep. 30, 2020

Loans Receivable and Allowance for Loan Losses [Abstract]

Summary of Loans

	September 30,		December 31,
	2020		2019
Loans to evangelical churches and related organizations:
Real estate secured	$	121,976	$	130,889
Unsecured		149		160
Total loans		122,125		131,049
Deferred loan fees, net		(537)		(631)
Loan discount		(232)		(182)
Allowance for loan losses		(1,523)		(1,393)
Loans, net	$	119,833	$	128,843

Schedule of Changes in Allowance for Loan Losses

	Nine months ended		Year ended
	September 30, 2020		December 31, 2019
Balance, beginning of period	$	1,393	$	2,480
Provision for loan loss		195		(544)
Charge-offs		(65)		(923)
Recoveries		—		380
Balance, end of period	$	1,523	$	1,393

Schedule of Loans and Allowance for Loan Losses by Impairment Methodology

	Loans and Allowance for Loan Losses (by segment)
	As of
	September 30, 2020		December 31, 2019
Loans:
Individually evaluated for impairment	$	6,181	$	8,843
Collectively evaluated for impairment		115,944		122,206
Balance	$	122,125	$	131,049
Allowance for loan losses:
Individually evaluated for impairment	$	290	$	175
Collectively evaluated for impairment		1,233		1,218
Balance	$	1,523	$	1,393

Schedule of Loan Portfolio Credit Quality Indicators by Class

Credit Quality Indicators (by class)
As of September 30, 2020
	Wholly-Owned First		Wholly-Owned Junior		Participation First		Participation Junior		Total
Grade:
Pass	$	93,636	$	3,486	$	1,400	$	—	$	98,522
Watch		17,204		31		187		—		17,422
Special mention		—		—		—		—		—
Substandard		5,677		—		—		—		5,677
Doubtful		504		—		—		—		504
Loss		—		—		—		—		—
Total	$	117,021	$	3,517	$	1,587	$	—	$	122,125

Credit Quality Indicators (by class)
As of December 31, 2019
	Wholly-Owned First		Wholly-Owned Junior		Participation First		Participation Junior		Total
Grade:
Pass	$	96,674	$	3,557	$	1,882	$	—	$	102,113
Watch		19,870		32		191		—		20,093
Special mention		—		—		—		—		—
Substandard		7,103		—		1,230		—		8,333
Doubtful		510		—		—		—		510
Loss		—		—		—		—		—
Total	$	124,157	$	3,589	$	3,303	$	—	$	131,049

Schedule of Age Analysis of Past Due Loans by Class

Age Analysis of Past Due Loans (by class)
As of September 30, 2020
	30-59 Days Past Due		60-89 Days Past Due		Greater Than 90 Days		Total Past Due		Current		Total Loans		Recorded Investment 90 Days or More and Still Accruing
Church loans:
Wholly-Owned First	$	—	$	—	$	4,185	$	4,185	$	112,836	$	117,021	$	—
Wholly-Owned Junior		—		—		—		—		3,517		3,517		—
Participation First		—		—		—		—		1,587		1,587		—
Participation Junior		—		—		—		—		—		—		—
Total	$	—	$	—	$	4,185	$	4,185	$	117,940	$	122,125	$	—

Age Analysis of Past Due Loans (by class)
As of December 31, 2019
	30-59 Days Past Due		60-89 Days Past Due		Greater Than 90 Days		Total Past Due		Current		Total Loans		Recorded Investment 90 Days or More and Still Accruing
Church loans:
Wholly-Owned First	$	—	$	—	$	5,907	$	5,907	$	118,250	$	124,157	$	—
Wholly-Owned Junior		—		—		—		—		3,589		3,589		—
Participation First		—		—		—		—		3,303		3,303		—
Participation Junior		—		—		—		—		—		—		—
Total	$	—	$	—	$	5,907	$	5,907	$	125,142	$	131,049	$	—

Schedule of Impaired Loans by Class

Impaired Loans (by class) As of September 30, 2020									For the three months ended September 30, 2020				For the nine months ended September 30, 2020
	Unpaid Principal Balance		Recorded Balance		Recorded Investment		Related Allowance		Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
With no allowance recorded:
Church loans:
Wholly-Owned First	$	9,877	$	9,813	$	9,652	$	—	$	9,672	$	92	$	10,978	$	266
Wholly-Owned Junior		—		—		—		—		—		—		—		—
Participation First		—		—		—		—		—		—		—		—
Participation Junior		—		—		—		—		—		—		—		—
With an allowance recorded:
Church loans:
Wholly-Owned First		290		290		290		290		290		—		290		—
Wholly-Owned Junior		—		—		—		—		—		—		—		—
Participation First		—		—		—		—		—		—		296		11
Participation Junior		—		—		—		—		—		—		—		—
Total:
Church loans	$	10,167	$	10,103	$	9,942	$	290	$	9,962	$	92	$	11,564	$	277

Impaired Loans (by class) As of December 31, 2019									For the year ended December 31, 2019
	Unpaid Principal Balance		Recorded Balance		Recorded Investment		Related Allowance		Average Recorded Investment		Interest Income Recognized
With no allowance recorded:
Church loans:
Wholly-Owned First	$	12,497	$	12,404	$	12,304	$	—	$	12,343	$	1,202
Wholly-Owned Junior		—		—		—		—		—		—
Participation First		—		—		—		—		—		—
Participation Junior		—		—		—		—		—		—
With an allowance recorded:
Church loans:
Wholly-Owned First		290		290		290		110		973		—
Wholly-Owned Junior		—		—		—		—		—		—
Participation First		1,294		1,230		1,230		65		1,263		—
Participation Junior		—		—		—		—		—		—
Total:
Church loans	$	14,081	$	13,924	$	13,824	$	175	$	14,579	$	1,202

Impaired Loans (by class) As of September 30, 2019									For the three months ended September 30, 2019				For the nine months ended September 30, 2019
	Unpaid Principal Balance		Recorded Balance		Recorded Investment		Related Allowance		Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
With no allowance recorded:
Church loans:
Wholly-Owned First	$	6,563	$	6,325	$	6,342	$	—	$	6,215	$	60	$	6,018	$	118
Wholly-Owned Junior		—		—		—		—		—		—		—		—
Participation First		—		—		—		—		—		—		1,158		—
Participation Junior		—		—		—		—		—		—		—		—
With an allowance recorded:
Church loans:
Wholly-Owned First		877		567		568		114		1,038		—		2,100		—
Wholly-Owned Junior		215		181		181		135		178		—		179		—
Participation First		1,302		1,274		1,274		103		1,283		—		1,283		—
Participation Junior		—		—		—		—		—		—		—		—
Total:
Church loans	$	8,957	$	8,347	$	8,365	$	352	$	8,714	$	60	$	10,738	$	118

Schedule of Loans on Nonaccrual Status by Class

Loans on Nonaccrual Status (by class)
	as of
	September 30, 2020		December 31, 2019
Church loans:
Wholly-Owned First	$	6,181	$	6,405
Wholly-Owned Junior		—		—
Participation First		—		1,230
Participation Junior		—		—
Total	$	6,181	$	7,635

Schedule of Troubled Debt Restructurings by Class

Troubled Debt Restructurings (by class)
For the nine months ended September 30, 2020
	Number of Loans			Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment		Recorded Investment At Period End
Church loans:
Wholly-Owned First		1	$		1,936	$	1,955	$	1,947
Wholly-Owned Junior
Participation First
Participation Junior
Total		1		$	1,936	$	1,955	$	1,947

There were no loan modifications made during the three months ended September 30, 2020 that qualified as troubled debt restructurings.

Troubled Debt Restructurings (by class)
For the three months ended September 30, 2019
	Number of Loans			Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment		Recorded Investment At Period End
Church loans:
Wholly-Owned First		1	$		723	$	890	$	890
Wholly-Owned Junior		1			167		—		—
Participation First		—			—		—		—
Participation Junior		—			—		—		—
Total		2		$	890	$	890	$	890

Troubled Debt Restructurings (by class)
For the nine months ended September 30, 2019
	Number of Loans		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment		Recorded Investment At Period End
Church loans:
Wholly-Owned First		3	$	2,404	$	2,582	$	2,578
Wholly-Owned Junior		1		166		—		—
Participation First		—		—		—		—
Participation Junior		—		—		—		—
Total		4	$	2,570	$	2,582	$	2,578