| Schedule of fair values of financial assets and liabilities |
| Schedule of fair values of financial assets and
liabilities | |
| | | |
| | | |
| | | |
| | | |
| | |
| | |
As of September 30, 2026 | |
| Financial Instrument | |
(In thousands) | |
| | |
Carrying | | |
Fair Value Measurements Using: | | |
| |
| | |
Value | | |
Level 1 | | |
Level 2 | | |
Level 3 | | |
Total | |
| Assets: | |
| | |
| | |
| | |
| | |
| |
| Cash and cash equivalents | |
$ | 5,147 | | |
$ | 5,147 | | |
$ | – | | |
$ | – | | |
$ | 5,147 | |
| Restricted cash and equivalents | |
$ | 174,964 | | |
$ | 174,964 | | |
$ | – | | |
$ | – | | |
$ | 174,964 | |
| Liabilities: | |
| | | |
| | | |
| | | |
| | | |
| | |
| Warehouse lines of credit | |
$ | 735,840 | | |
$ | – | | |
$ | – | | |
$ | 735,840 | | |
$ | 735,840 | |
| Accrued interest payable | |
$ | 14,376 | | |
$ | – | | |
$ | – | | |
$ | 14,376 | | |
$ | 14,376 | |
| Residual interest financing | |
$ | 190,665 | | |
$ | – | | |
$ | – | | |
$ | 189,323 | | |
$ | 189,323 | |
| Securitization trust debt | |
$ | 3,458,537 | | |
$ | – | | |
$ | – | | |
$ | 3,435,163 | | |
$ | 3,435,163 | |
| Subordinated renewable notes | |
$ | 28,850 | | |
$ | – | | |
$ | – | | |
$ | 28,850 | | |
$ | 28,850 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| | |
As of December 31, 2025 | |
| Financial Instrument | |
(In thousands) | |
| | |
Carrying | | |
Fair Value Measurements Using: | | |
| |
| | |
Value | | |
Level 1 | | |
Level 2 | | |
Level 3 | | |
Total | |
| Assets: | |
| | | |
| | | |
| | | |
| | | |
| | |
| Cash and cash equivalents | |
$ | 6,322 | | |
$ | 6,322 | | |
$ | – | | |
$ | – | | |
$ | 6,322 | |
| Restricted cash and equivalents | |
$ | 165,885 | | |
$ | 165,885 | | |
$ | – | | |
$ | – | | |
$ | 165,885 | |
| Liabilities: | |
| | | |
| | | |
| | | |
| | | |
| | |
| Warehouse lines of credit | |
$ | 324,871 | | |
$ | – | | |
$ | – | | |
$ | 324,871 | | |
$ | 324,871 | |
| Accrued interest payable | |
$ | 11,994 | | |
$ | – | | |
$ | – | | |
$ | 11,994 | | |
$ | 11,994 | |
| Residual interest financing | |
$ | 142,982 | | |
$ | – | | |
$ | – | | |
$ | 152,607 | | |
$ | 152,607 | |
| Securitization trust debt | |
$ | 2,986,574 | | |
$ | – | | |
$ | – | | |
$ | 2,985,961 | | |
$ | 2,985,961 | |
| Subordinated renewable notes | |
$ | 28,986 | | |
$ | – | | |
$ | – | | |
$ | 28,986 | | |
$ | 28,986 | |
|