v3.25.4
Loans Held for Sale
12 Months Ended
Dec. 31, 2025
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]  
LOANS HELD FOR SALE

4. LOANS HELD FOR SALE

The Company's loans are generally classified as held for investment; however, once the Company decides to sell all or a portion of a loan, it is transferred from held for investment to held for sale and carried at the lower of amortized cost or fair value. There were no loans classified as held for sale as of December 31, 2025 and 2024. The table below presents activity of loans held for sale during the year ended December 31, 2024.

 

 

Principal

 

 

Original
Issue
Discount

 

 

Unrealized Gains (Losses)

 

 

Fair Value

 

Balance at January 1, 2024

 

$

-

 

 

 

-

 

 

$

-

 

 

$

-

 

Transfer of loans held for investment to loans held for sale

 

 

19,000,000

 

 

 

-

 

 

 

-

 

 

 

19,000,000

 

Sale of loan

 

 

(19,000,000

)

 

 

-

 

 

 

-

 

 

 

(19,000,000

)

Balance at December 31, 2024

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-