10-Q Filing

Sachem Capital Corp. CIK: 1682220 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0001410578-23-001900`
Period End Date	20230630
Filing Date	20230814
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	sach-20230630x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 96 Cash Flow Statement 97 Stockholders Equity 43

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$23.71M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.13M	USD	Point-in-time
Investment securities	`MarketableSecuritiesCurrent`	$24.58M	USD	Point-in-time
Investment securities	`MarketableSecuritiesCurrent`	$37.20M	USD	Point-in-time
Mortgages receivable, net	`MortgageLoansOnRealEstate`	$460.63M	USD	Point-in-time
Mortgages receivable, net	`MortgageLoansOnRealEstate`	$506.65M	USD	Point-in-time
Interest and fees receivable	`InterestReceivable`	$7.74M	USD	Point-in-time
Interest and fees receivable	`InterestReceivable`	$6.31M	USD	Point-in-time
Due from borrowers	`DueFromBorrowers`	$5.28M	USD	Point-in-time
Deferred financing costs	`DeferredFinanceCostsNet`	$8.35M	USD	Point-in-time
Due from borrowers	`DueFromBorrowers`	$6.77M	USD	Point-in-time
Deferred financing costs	`DeferredFinanceCostsNet`	$7.22M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Real estate owned	`RealEstateInvestmentsOwned`	$5.00M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Real estate owned	`RealEstateInvestmentsOwned`	$5.22M	USD	Point-in-time
Investments in partnerships	`EquitySecuritiesWithoutReadilyDeterminableFairValueAmount`	$35.40M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Investments in partnerships	`EquitySecuritiesWithoutReadilyDeterminableFairValueAmount`	$30.83M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$4.12M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$4.53M	USD	Point-in-time
Other assets	`OtherAssets`	$5.61M	USD	Point-in-time
Other assets	`OtherAssets`	$4.98M	USD	Point-in-time
Total assets	`Assets`	$565.66M	USD	Point-in-time
Total assets	`Assets`	$624.03M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common shares, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common shares, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common shares, shares issued	`CommonStockSharesIssued`	41.09M	shares	Point-in-time
Common shares, shares issued	`CommonStockSharesIssued`	43.82M	shares	Point-in-time
Unsecured notes payable (net of deferred financing costs of $7,223,456 and $8,352,597)	`UnsecuredDebt`	$281.18M	USD	Point-in-time
Common shares, shares outstanding	`CommonStockSharesOutstanding`	43.82M	shares	Point-in-time
Unsecured notes payable (net of deferred financing costs of $7,223,456 and $8,352,597)	`UnsecuredDebt`	$280.05M	USD	Point-in-time
Common shares, shares outstanding	`CommonStockSharesOutstanding`	41.09M	shares	Point-in-time
Secured note payable	`SecuredDebt`	$6.22M	USD	Point-in-time
Repurchase facility	`AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability`	$42.53M	USD	Point-in-time
Repurchase facility	`AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability`	$50.51M	USD	Point-in-time
Mortgage payable	`MortgagePayable`	$750.00K	USD	Point-in-time
Mortgage payable	`MortgagePayable`	$1.65M	USD	Point-in-time
Lines of credit	`LineOfCredit`	$35.90M	USD	Point-in-time
Lines of credit	`LineOfCredit`	$3.59M	USD	Point-in-time
Accrued dividends payable	`DividendsPayableCurrentAndNoncurrent`	$5.34M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$2.12M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$1.44M	USD	Point-in-time
Advances from borrowers	`AdvancePaymentsByBorrowersForTaxesAndInsurance`	$12.59M	USD	Point-in-time
Advances from borrowers	`AdvancePaymentsByBorrowersForTaxesAndInsurance`	$9.89M	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$4.36M	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$4.82M	USD	Point-in-time
Total liabilities	`Liabilities`	$347.95M	USD	Point-in-time
Total liabilities	`Liabilities`	$394.99M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred shares - $.001 par value; 5,000,000 shares authorized; 2,903,000 shares designated as Series A Preferred Stock; 1,928,000 and 1,903,000 shares of Series A Preferred Stock issued and outstanding at June 30, 2023 and December 31, 2022, respectively	`PreferredStockValue`	$1.90K	USD	Point-in-time
Preferred shares - $.001 par value; 5,000,000 shares authorized; 2,903,000 shares designated as Series A Preferred Stock; 1,928,000 and 1,903,000 shares of Series A Preferred Stock issued and outstanding at June 30, 2023 and December 31, 2022, respectively	`PreferredStockValue`	$1.93K	USD	Point-in-time
Common stock - $.001 par value; 200,000,000 shares authorized; 43,822,050 and 41,093,536 issued and outstanding at June 30, 2023 and December 31, 2022, respectively	`CommonStockValue`	$43.82K	USD	Point-in-time
Common stock - $.001 par value; 200,000,000 shares authorized; 43,822,050 and 41,093,536 issued and outstanding at June 30, 2023 and December 31, 2022, respectively	`CommonStockValue`	$41.09K	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$226.22M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$236.60M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-376.08K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-561.49K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-8.00M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-7.22M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$180.08M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$199.41M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$205.00M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$229.00M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$229.04M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$217.71M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$624.03M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$565.66M	USD	Point-in-time

Income Statement 96 line items

Line Item	Tag	Value	Unit	Period
Interest income from loans	`InterestIncomeDebtSecuritiesOperating`	$11.90M	USD	1 Quarter
Interest income from loans	`InterestIncomeDebtSecuritiesOperating`	$10.43M	USD	1 Quarter
Interest income from loans	`InterestIncomeDebtSecuritiesOperating`	$22.88M	USD	2 Qtrs
Interest income from loans	`InterestIncomeDebtSecuritiesOperating`	$18.94M	USD	2 Qtrs
Investment gain, net	`GainLossOnSaleOfInvestments`	$230.60K	USD	1 Quarter
Investment gain, net	`GainLossOnSaleOfInvestments`	$608.67K	USD	2 Qtrs
Investment gain, net	`GainLossOnSaleOfInvestments`	$333.87K	USD	1 Quarter
Investment gain, net	`GainLossOnSaleOfInvestments`	$347.94K	USD	2 Qtrs
Income from partnership investments	`EquitySecuritiesFvNiGainLoss`	$317.00K	USD	1 Quarter
Income from partnership investments	`EquitySecuritiesFvNiGainLoss`	$1.01M	USD	1 Quarter
Income from partnership investments	`EquitySecuritiesFvNiGainLoss`	$1.56M	USD	2 Qtrs
Income from partnership investments	`EquitySecuritiesFvNiGainLoss`	$589.49K	USD	2 Qtrs
Origination and modification fees, net	`OriginationAndModificationsFeesNet`	$3.24M	USD	2 Qtrs
Origination and modification fees, net	`OriginationAndModificationsFeesNet`	$4.09M	USD	2 Qtrs
Origination and modification fees, net	`OriginationAndModificationsFeesNet`	$1.76M	USD	1 Quarter
Origination and modification fees, net	`OriginationAndModificationsFeesNet`	$2.25M	USD	1 Quarter
Fee and other income	`InterestAndFeeIncomeOtherLoans`	$1.41M	USD	2 Qtrs
Fee and other income	`InterestAndFeeIncomeOtherLoans`	$1.57M	USD	1 Quarter
Fee and other income	`InterestAndFeeIncomeOtherLoans`	$2.28M	USD	2 Qtrs
Fee and other income	`InterestAndFeeIncomeOtherLoans`	$798.61K	USD	1 Quarter
Unrealized gain (loss) on investment securities	`DebtSecuritiesAvailableForSaleUnrealizedGainLoss`	$-1.48M	USD	1 Quarter
Unrealized gain (loss) on investment securities	`DebtSecuritiesAvailableForSaleUnrealizedGainLoss`	$-2.53M	USD	2 Qtrs
Unrealized gain (loss) on investment securities	`DebtSecuritiesAvailableForSaleUnrealizedGainLoss`	$600.60K	USD	2 Qtrs
Unrealized gain (loss) on investment securities	`DebtSecuritiesAvailableForSaleUnrealizedGainLoss`	$-115.79K	USD	1 Quarter
Total revenue	`Revenues`	$22.85M	USD	2 Qtrs
Total revenue	`Revenues`	$12.55M	USD	1 Quarter
Total revenue	`Revenues`	$31.17M	USD	2 Qtrs
Total revenue	`Revenues`	$16.46M	USD	1 Quarter
Interest and amortization of deferred financing costs	`InterestAndAmortizationOfDebtServiceCosts`	$7.14M	USD	1 Quarter
Interest and amortization of deferred financing costs	`InterestAndAmortizationOfDebtServiceCosts`	$9.11M	USD	2 Qtrs
Interest and amortization of deferred financing costs	`InterestAndAmortizationOfDebtServiceCosts`	$14.01M	USD	2 Qtrs
Interest and amortization of deferred financing costs	`InterestAndAmortizationOfDebtServiceCosts`	$5.21M	USD	1 Quarter
Compensation, fees and taxes	`CompensationFeesAndTaxes`	$2.18M	USD	2 Qtrs
Compensation, fees and taxes	`CompensationFeesAndTaxes`	$3.34M	USD	2 Qtrs
Compensation, fees and taxes	`CompensationFeesAndTaxes`	$1.56M	USD	1 Quarter
Compensation, fees and taxes	`CompensationFeesAndTaxes`	$1.19M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.32M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.28M	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$2.22M	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$645.87K	USD	1 Quarter
Other expenses	`OtherExpenses`	$229.33K	USD	2 Qtrs
Other expenses	`OtherExpenses`	$296.55K	USD	2 Qtrs
Other expenses	`OtherExpenses`	$212.82K	USD	1 Quarter
Other expenses	`OtherExpenses`	$130.06K	USD	1 Quarter
(Gain) Loss on sale of real estate	`GainLossOnSaleOfRealEstateProperties`	$-126.86K	USD	2 Qtrs
(Gain) Loss on sale of real estate	`GainLossOnSaleOfRealEstateProperties`	$-188.18K	USD	1 Quarter
(Gain) Loss on sale of real estate	`GainLossOnSaleOfRealEstateProperties`	$-122.34K	USD	2 Qtrs
(Gain) Loss on sale of real estate	`GainLossOnSaleOfRealEstateProperties`	$21.24K	USD	1 Quarter
Provision for Credit Losses	`ProvisionForDoubtfulAccounts`	$105.00K	USD	2 Qtrs
Provision for Credit Losses	`ProvisionForDoubtfulAccounts`	$105.00K	USD	1 Quarter
Provision for Credit Losses	`ProvisionForDoubtfulAccounts`	$94.93K	USD	1 Quarter
Provision for Credit Losses	`ProvisionForDoubtfulAccounts`	$196.45K	USD	2 Qtrs
Impairment loss	`AssetImpairmentCharges`	$412.50K	USD	1 Quarter
Impairment loss	`AssetImpairmentCharges`	$412.50K	USD	2 Qtrs
Impairment loss	`AssetImpairmentCharges`	$490.50K	USD	2 Qtrs
Impairment loss	`AssetImpairmentCharges`	$230.00K	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$7.32M	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$10.76M	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$20.35M	USD	2 Qtrs
Total operating costs and expenses	`CostsAndExpenses`	$13.27M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$10.82M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$5.70M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.58M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$5.23M	USD	1 Quarter
Preferred stock dividend	`DividendsPreferredStock`	$921.77K	USD	1 Quarter
Preferred stock dividend	`DividendsPreferredStock`	$1.84M	USD	2 Qtrs
Preferred stock dividend	`DividendsPreferredStock`	$924.76K	USD	1 Quarter
Preferred stock dividend	`DividendsPreferredStock`	$1.85M	USD	2 Qtrs
Net income attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$4.31M	USD	1 Quarter
Net income attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$8.97M	USD	2 Qtrs
Net income attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$7.74M	USD	2 Qtrs
Net income attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$4.77M	USD	1 Quarter
Unrealized gain (loss) on investment securities	`OciDebtSecuritiesAvailableForSaleUnrealizedHoldingGainLossAfterTax`	$185.41K	USD	2 Qtrs
Unrealized gain (loss) on investment securities	`OciDebtSecuritiesAvailableForSaleUnrealizedHoldingGainLossAfterTax`	$93.78K	USD	1 Quarter
Unrealized gain (loss) on investment securities	`OciDebtSecuritiesAvailableForSaleUnrealizedHoldingGainLossAfterTax`	$50.04K	USD	2 Qtrs
Unrealized gain (loss) on investment securities	`OciDebtSecuritiesAvailableForSaleUnrealizedHoldingGainLossAfterTax`	$-192.76K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$4.11M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$7.79M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$9.15M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$4.87M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.12	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.11	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.21	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.22	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.21	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.22	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.12	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.11	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	35.63M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	36.37M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	43.84M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	43.32M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	43.84M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	35.64M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	43.32M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	36.37M	shares	1 Quarter

Cash Flow Statement 97 line items

Line Item	Tag	Value	Unit	Period
Real estate acquired in connection with the foreclosure of certain mortgages, inclusive of interest and other fees receivable	`RealEstateAcquiredThroughForeclosure`	$1.09M	USD	Point-in-time
Real estate acquired in connection with the foreclosure of certain mortgages, inclusive of interest and other fees receivable	`RealEstateAcquiredThroughForeclosure`	$1.19M	USD	Point-in-time
Increase in mortgage receivable from sale of real estate owned	`TransferOfOtherRealEstate`	$1.31M	USD	2 Qtrs
Net income	`ProfitLoss`	$9.58M	USD	2 Qtrs
Net income	`ProfitLoss`	$10.82M	USD	2 Qtrs
Amortization of deferred financing costs and bond discount	`AmortizationOfFinancingCosts`	$1.22M	USD	2 Qtrs
Amortization of deferred financing costs and bond discount	`AmortizationOfFinancingCosts`	$1.11M	USD	2 Qtrs
Depreciation expense	`Depreciation`	$44.48K	USD	2 Qtrs
Depreciation expense	`Depreciation`	$109.50K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$395.71K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$230.17K	USD	2 Qtrs
Provision for credit losses	`ProvisionForDoubtfulAccounts`	$105.00K	USD	2 Qtrs
Provision for credit losses	`ProvisionForDoubtfulAccounts`	$105.00K	USD	1 Quarter
Provision for credit losses	`ProvisionForDoubtfulAccounts`	$94.93K	USD	1 Quarter
Provision for credit losses	`ProvisionForDoubtfulAccounts`	$196.45K	USD	2 Qtrs
Impairment loss	`GoodwillImpairmentLoss`	$490.50K	USD	2 Qtrs
Impairment loss	`GoodwillImpairmentLoss`	$412.50K	USD	2 Qtrs
(Gain) Loss on sale of real estate	`GainsLossesOnSalesOfInvestmentRealEstate`	$126.86K	USD	2 Qtrs
(Gain) Loss on sale of real estate	`GainsLossesOnSalesOfInvestmentRealEstate`	$122.34K	USD	2 Qtrs
Unrealized (gain) loss on investment securities	`DebtSecuritiesAvailableForSaleUnrealizedGainLoss`	$-1.48M	USD	1 Quarter
Unrealized (gain) loss on investment securities	`DebtSecuritiesAvailableForSaleUnrealizedGainLoss`	$-2.53M	USD	2 Qtrs
Unrealized (gain) loss on investment securities	`DebtSecuritiesAvailableForSaleUnrealizedGainLoss`	$600.60K	USD	2 Qtrs
Unrealized (gain) loss on investment securities	`DebtSecuritiesAvailableForSaleUnrealizedGainLoss`	$-115.79K	USD	1 Quarter
Gain on sale of investment securities	`DebtSecuritiesAvailableForSaleRealizedGainLoss`	$-148.56K	USD	2 Qtrs
Gain on sale of investment securities	`DebtSecuritiesAvailableForSaleRealizedGainLoss`	$-24.29K	USD	2 Qtrs
Interest and fees receivable	`IncreaseDecreaseInInterestAndFeesReceivable`	$1.46M	USD	2 Qtrs
Interest and fees receivable	`IncreaseDecreaseInInterestAndFeesReceivable`	$1.62M	USD	2 Qtrs
Other assets - miscellaneous	`IncreaseDecreaseInOtherReceivables`	$863.89K	USD	2 Qtrs
Other assets - miscellaneous	`IncreaseDecreaseInOtherReceivables`	$393.62K	USD	2 Qtrs
Due from borrowers	`IncreaseDecreaseInFinanceReceivables`	$1.10M	USD	2 Qtrs
Due from borrowers	`IncreaseDecreaseInFinanceReceivables`	$1.52M	USD	2 Qtrs
Other assets - prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-101.15K	USD	2 Qtrs
Other assets - prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-163.62K	USD	2 Qtrs
Accrued Interest	`IncreaseDecreaseInInterestPayableNet`	$301.50K	USD	2 Qtrs
Accrued Interest	`IncreaseDecreaseInInterestPayableNet`	$168.92K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-323.89K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-9.60K	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$455.25K	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-15.49K	USD	2 Qtrs
Advances from borrowers	`IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance`	$-3.73M	USD	2 Qtrs
Advances from borrowers	`IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance`	$2.69M	USD	2 Qtrs
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-2.25M	USD	2 Qtrs
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$1.27M	USD	2 Qtrs
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$12.09M	USD	2 Qtrs
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$7.33M	USD	2 Qtrs
Purchase of investment securities	`PaymentsToAcquireMarketableSecurities`	$36.09M	USD	2 Qtrs
Purchase of investment securities	`PaymentsToAcquireMarketableSecurities`	$18.35M	USD	2 Qtrs
Proceeds from the sale of investment securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$6.56M	USD	2 Qtrs
Proceeds from the sale of investment securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$59.71M	USD	2 Qtrs
Purchase of interests in investment partnerships, net	`PaymentsToAcquireLimitedPartnershipInterests`	$13.56M	USD	2 Qtrs
Purchase of interests in investment partnerships, net	`PaymentsToAcquireLimitedPartnershipInterests`	$4.57M	USD	2 Qtrs
Proceeds from sale of real estate owned	`PaymentsForProceedsFromRealEstateHeldforinvestment`	$-1.40M	USD	2 Qtrs
Proceeds from sale of real estate owned	`PaymentsForProceedsFromRealEstateHeldforinvestment`	$-191.27K	USD	2 Qtrs
Acquisitions of and improvements to real estate owned, net	`PaymentsToAcquireRealEstateHeldForInvestments`	$19.92K	USD	2 Qtrs
Acquisitions of and improvements to real estate owned, net	`PaymentsToAcquireRealEstateHeldForInvestments`	$180.15K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$815.34K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$722.49K	USD	2 Qtrs
Principal disbursements for mortgages receivable	`PaymentsToAcquireMortgageReceivable`	$114.47M	USD	2 Qtrs
Principal disbursements for mortgages receivable	`PaymentsToAcquireMortgageReceivable`	$191.97M	USD	2 Qtrs
Principal collections on mortgages receivable	`ProceedsFromCollectionOfMortgageReceivable`	$60.90M	USD	2 Qtrs
Principal collections on mortgages receivable	`ProceedsFromCollectionOfMortgageReceivable`	$66.36M	USD	2 Qtrs
Other assets	`PaymentsForProceedsFromOtherInvestingActivities`	$-19.93K	USD	2 Qtrs
Other assets	`PaymentsForProceedsFromOtherInvestingActivities`	$114.24K	USD	2 Qtrs
NET CASH USED FOR INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-120.57M	USD	2 Qtrs
NET CASH USED FOR INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-65.16M	USD	2 Qtrs
Net proceeds from (repayment of) line of credit	`ProceedsFromLinesOfCredits`	$32.31M	USD	2 Qtrs
Net proceeds from (repayment of) line of credit	`ProceedsFromLinesOfCredits`	$-9.77M	USD	2 Qtrs
Net proceeds from repurchase facility	`ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase`	$20.29M	USD	2 Qtrs
Net proceeds from repurchase facility	`ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase`	$7.98M	USD	2 Qtrs
Proceeds from mortgage	`ProceedsFromIssuanceOfFirstMortgageBond`	$899.17K	USD	2 Qtrs
Accounts payable and accrued liabilities - principal payments on other notes	`RepaymentsOfNotesPayable`	$13.28K	USD	2 Qtrs
Accounts payable and accrued liabilities - principal payments on other notes	`RepaymentsOfNotesPayable`	$6.01K	USD	2 Qtrs
Dividends paid on Common Stock	`PaymentsOfDividendsCommonStock`	$8.25M	USD	2 Qtrs
Dividends paid on Common Stock	`PaymentsOfDividendsCommonStock`	$11.05M	USD	2 Qtrs
Dividends paid on Preferred Stock	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$1.84M	USD	2 Qtrs
Dividends paid on Preferred Stock	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$1.85M	USD	2 Qtrs
Proceeds from issuance of common shares, net of expenses	`ProceedsFromIssuanceOfCommonStock`	$9.69M	USD	2 Qtrs
Proceeds from issuance of common shares, net of expenses	`ProceedsFromIssuanceOfCommonStock`	$21.23M	USD	2 Qtrs
Common Stock buyback	`PaymentsForRepurchaseOfCommonStock`	$226.33K	USD	2 Qtrs
Proceeds from issuance of Series A Preferred Stock, net of expenses	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$516.98K	USD	2 Qtrs
Gross proceeds from issuance of fixed rate notes	`ProceedsFromIssuanceOfFixedRateNotes`	$81.88M	USD	2 Qtrs
Gross proceeds from issuance of secured note	`ProceedsFromNotesPayable`	$6.22M	USD	2 Qtrs
Financings costs incurred in connection with fixed rate notes	`FinancingCostsIncurredInConnectionWithFixedRateNotes`	$3.08M	USD	2 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$44.49M	USD	2 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$100.43M	USD	2 Qtrs
NET DECREASE IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-12.81M	USD	2 Qtrs
NET DECREASE IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-8.58M	USD	2 Qtrs
CASH AND CASH EQUIVALENTS - BEGINNING OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$29.13M	USD	Point-in-time
CASH AND CASH EQUIVALENTS - BEGINNING OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$23.71M	USD	Point-in-time
CASH AND CASH EQUIVALENTS - BEGINNING OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$41.94M	USD	Point-in-time
CASH AND CASH EQUIVALENTS - BEGINNING OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$15.13M	USD	Point-in-time
CASH AND CASH EQUIVALENTS - END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$29.13M	USD	Point-in-time
CASH AND CASH EQUIVALENTS - END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$23.71M	USD	Point-in-time
CASH AND CASH EQUIVALENTS - END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$41.94M	USD	Point-in-time
CASH AND CASH EQUIVALENTS - END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$15.13M	USD	Point-in-time
Interest paid	`InterestPaidNet`	$12.66M	USD	2 Qtrs
Interest paid	`InterestPaidNet`	$7.71M	USD	2 Qtrs

Stockholders Equity 43 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$180.08M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$199.41M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$205.00M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$229.00M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$229.04M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$217.71M	USD	Point-in-time
Adoption of ASU 2016-13	`AdjustmentToAccumulatedDeficit`	$2.49M	USD	2 Qtrs
Issuance of Preferred Stock, net of expenses	`StockIssuedDuringPeriodValueNewIssues`	$517.00K	USD	2 Qtrs
Issuance of Preferred Stock, net of expenses	`StockIssuedDuringPeriodValueNewIssues`	$380.30K	USD	1 Quarter
Issuance of Common Stock, net of expenses	`StockIssuedDuringPeriodValueOther`	$21.23M	USD	2 Qtrs
Issuance of Common Stock, net of expenses	`StockIssuedDuringPeriodValueOther`	$5.68M	USD	1 Quarter
Issuance of Common Stock, net of expenses	`StockIssuedDuringPeriodValueOther`	$9.69M	USD	2 Qtrs
Issuance of Common Stock, net of expenses	`StockIssuedDuringPeriodValueOther`	$509.61K	USD	1 Quarter
Stock Buyback	`StockRepurchasedDuringPeriodValue`	$7.50M	USD	Point-in-time
Stock Buyback	`StockRepurchasedDuringPeriodValue`	$226.33K	USD	1 Quarter
Stock Buyback	`StockRepurchasedDuringPeriodValue`	$226.33K	USD	2 Qtrs
Stock Buyback (in shares)	`StockRepurchasedDuringPeriodShares`	71,000.00	shares	2 Qtrs
Stock based compensation	`StockGrantedDuringPeriodValueSharebasedCompensation`	$222.21K	USD	1 Quarter
Stock based compensation	`StockGrantedDuringPeriodValueSharebasedCompensation`	$230.17K	USD	2 Qtrs
Stock based compensation	`StockGrantedDuringPeriodValueSharebasedCompensation`	$395.71K	USD	2 Qtrs
Stock based compensation	`StockGrantedDuringPeriodValueSharebasedCompensation`	$123.43K	USD	1 Quarter
Unrealized gain on investments	`UnrealizedGainLossOnInvestments`	$185.41K	USD	2 Qtrs
Unrealized gain on investments	`UnrealizedGainLossOnInvestments`	$93.78K	USD	1 Quarter
Unrealized gain on marketable securities	`MarketableSecuritiesUnrealizedGainLoss`	$-192.76K	USD	1 Quarter
Unrealized gain on marketable securities	`MarketableSecuritiesUnrealizedGainLoss`	$50.04K	USD	2 Qtrs
Dividends paid on Series A Preferred Stock	`DividendsPreferredStock`	$921.77K	USD	1 Quarter
Dividends paid on Series A Preferred Stock	`DividendsPreferredStock`	$1.84M	USD	2 Qtrs
Dividends paid on Series A Preferred Stock	`DividendsPreferredStock`	$924.76K	USD	1 Quarter
Dividends paid on Series A Preferred Stock	`DividendsPreferredStock`	$1.85M	USD	2 Qtrs
Dividends paid on Common Stock	`DividendsCommonStock`	$4.33M	USD	1 Quarter
Dividends paid on Common Stock	`DividendsCommonStock`	$4.33M	USD	2 Qtrs
Dividends paid on Common Stock	`DividendsCommonStock`	$5.71M	USD	1 Quarter
Dividends paid on Common Stock	`DividendsCommonStock`	$5.71M	USD	2 Qtrs
Net income for the period	`NetIncomeLoss`	$10.82M	USD	2 Qtrs
Net income for the period	`NetIncomeLoss`	$5.70M	USD	1 Quarter
Net income for the period	`NetIncomeLoss`	$9.58M	USD	2 Qtrs
Net income for the period	`NetIncomeLoss`	$5.23M	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$180.08M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$199.41M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$205.00M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$229.00M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$229.04M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$217.71M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.