Other Assets Acquired Through Foreclosure |
6 Months Ended |
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Jun. 30, 2025 | |
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | |
Other Assets Acquired Through Foreclosure | 6. OTHER ASSETS ACQUIRED THROUGH FORECLOSURE Other assets acquired through foreclosure consist primarily of properties acquired as a result of, or in-lieu-of, foreclosure. At June 30, 2025 and December 31, 2024, the Company had a repossessed asset balance of $218 million and $52 million, respectively, net of a valuation allowance of $6 million and $5 million, respectively. The Company held eleven properties at June 30, 2025 compared to five at December 31, 2024. The majority of the repossessed asset balance at June 30, 2025 and December 31, 2024 related to office properties.
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