Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2025

Segment Reporting [Abstract]

Schedule of Information about Reportable Segments and Reconciliations of Consolidated Financial Statements

(in thousands of dollars)		339 Justabout Land Company, LLC				Shepherd’s Finance, LLC				Total

Net Interest and Fee Income
Interest and fee income on loans		$	–			$	10,804			$	10,804
Interest expense:
Interest related to secure borrowings			–				1,473				1,473
Interest related to unsecured borrowings			–				3,599				3,599
Interest expense		$	–			$	5,072			$	5,072

Net interest and fee income			–				5,732				5,732

Less: Provision for credit losses			–				1,066				1,066
Net interest and fee income after provision for credit losses			–				4,666				4,666

Non-Interest Income
Gain on sale of real estate investments		$	193			$	83			$	276
Revenue from the sale of land parcels			2,805				–				2,805
Option fee income			314				–				314
Other income			–				249				249
Total non-interest income		$	3,312			$	332			$	3,644

Income before non-interest expense			3,312				4,998				8,310

Non-Interest Expense
Selling, general and administrative		$	–			$	3,824			$	3,824
Depreciation and amortization			–				63				63
Loss on foreclosed assets			–				205				205
Cost of land parcels sold			2,805				–				2,805
Total non-interest expense		$	2,805			$	4,092			$	6,897

Net Income		$	507			$	906			$	1,413

Shepherd’s Finance, LLC

Consolidated Statements of Operations

For the Year Ended December 31, 2024

(in thousands of dollars)		339 Justabout Land Company, LLC				Shepherd’s Finance, LLC				Total

Net Interest and Fee Income
Interest and fee income on loans		$	–			$	10,198			$	10,198
Interest expense:
Interest related to secure borrowings			–				1,297				1,297
Interest related to unsecured borrowings			–				3,564				3,564
Interest expense		$	–			$	4,861			$	4,861

Net interest and fee income			–				5,337				5,337

Less: Provision for credit losses			–				762				762
Net interest and fee income after provision for credit losses			–				4,575				4,575

Non-Interest Income
Gain on foreclosed assets		$	–			$	–			$	–
Revenue from the sale of land parcels			2,998				–				2,998
Option fee income			816				–				816
Other income			–				82				82
Total non-interest income		$	3,814			$	82			$	3,896

Income before non-interest expense			3,814				4,657				8,471

Non-Interest Expense
Selling, general and administrative		$	–			$	3,061			$	3,061
Depreciation and amortization			–				80				80
Loss on foreclosed assets			–				595				595
Cost of land parcels sold			2,998				–				2,998
Total non-interest expense		$	2,998			$	3,736			$	6,734

Net Income		$	816			$	921			$	1,737

Reconciliation of total assets:

(in thousands of dollars)		339 Justabouot Land Company, LLC				Shepherd’s Finance, LLC				Elimination				Total

Total assets as of December 31, 2025		$	–			$	68,536			$	–			$	68,536

Total assets as of December 31, 2024		$	11,977			$	58,253			$	–			$	70,230