v3.25.4
SECURITIES - Company's Securities (Details)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
USD ($)
security
Dec. 31, 2024
USD ($)
security
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount $ 2,456,147 $ 1,868,430
Amortized Cost Basis 2,079,918 1,067,155
Gross Unrealized, Gains 3,104 3,492
Gross Unrealized, Losses (7,416) (8,363)
Carrying Value $ 2,075,606 $ 1,062,284
Weighted Average of Securities | security 135 113
Weighted Average, Coupon 5.27% 3.56%
Weighted Average, Yield 5.33% 6.03%
Remaining Duration (years) 2 years 11 months 19 days 2 years 4 months 13 days
Allowance for current expected credit losses $ (20) $ (20)
Total securities, Amortized Cost Basis 2,092,828 1,086,666
Total securities, Gross Unrealized Gains 3,201 3,495
Total securities, Gross Unrealized Losses (7,744) (9,322)
Carrying Value $ 2,088,285 $ 1,080,839
Total Number of Securities | security 141 121
CMBS    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount $ 2,070,492 $ 1,065,985
Amortized Cost Basis 2,069,307 1,063,835
Gross Unrealized, Gains 2,984 3,335
Gross Unrealized, Losses (7,369) (8,296)
Carrying Value $ 2,064,922 $ 1,058,874
Weighted Average of Securities | security 115 92
Weighted Average, Coupon 5.25% 5.97%
Weighted Average, Yield 5.31% 6.13%
Remaining Duration (years) 2 years 11 months 19 days 2 years 4 months 28 days
Risk retention requirement, amount $ 8,700 $ 8,900
CMBS interest-only    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount 347,200 769,724
Amortized Cost Basis 1,283 3,149
Gross Unrealized, Gains 0 104
Gross Unrealized, Losses (8) (9)
Carrying Value $ 1,275 $ 3,244
Weighted Average of Securities | security 5 7
Weighted Average, Coupon 1.24% 0.38%
Weighted Average, Yield 8.63% 7.81%
Remaining Duration (years) 6 months 7 days 10 months 13 days
Risk retention requirement, amount $ 100 $ 200
GNMA interest-only    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount 29,203 32,710
Amortized Cost Basis 95 160
Gross Unrealized, Gains 103 53
Gross Unrealized, Losses (31) (58)
Carrying Value $ 167 $ 155
Weighted Average of Securities | security 13 13
Weighted Average, Coupon 0.69% 0.33%
Weighted Average, Yield 9.24% 9.38%
Remaining Duration (years) 3 years 3 months 7 days 3 years 7 months 20 days
Agency securities    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount $ 2 $ 11
Amortized Cost Basis 2 11
Gross Unrealized, Gains 0 0
Gross Unrealized, Losses 0 0
Carrying Value $ 2 $ 11
Weighted Average of Securities | security 1 1
Weighted Average, Coupon 4.00% 4.00%
Weighted Average, Yield 3.04% 2.60%
Remaining Duration (years) 2 months 8 days 6 months 29 days
Corporate bonds    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount $ 9,250  
Amortized Cost Basis 9,231  
Gross Unrealized, Gains 17  
Gross Unrealized, Losses (8)  
Carrying Value $ 9,240  
Weighted Average of Securities | security 1  
Weighted Average, Coupon 8.50%  
Weighted Average, Yield 8.58%  
Remaining Duration (years) 2 years 7 months 6 days  
Equity securities    
Debt Securities, Available-for-sale [Line Items]    
Amortized Cost Basis   $ 19,511
Gross Unrealized, Gains $ 97 3
Gross Unrealized, Losses (308) (939)
Carrying Value $ 12,699 $ 18,575
Weighted Average of Securities | security 6 8