Quarterly report [Sections 13 or 15(d)]

Variable Interest Entities (Tables)

v3.25.1
Variable Interest Entities (Tables)
3 Months Ended
Mar. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Variable Interest Entities
The following table summarizes the carrying amount and classification of the VIEs’ assets and liabilities in the consolidated balance sheets as of March 31, 2025 and December 31, 2024.

March 31, 2025 December 31, 2024
(dollars in thousands)
Cash $ 7,125  $ 5,068 
Real estate inventories 17,657  19,987 
Due from affiliates 56 
Other assets 29,239  29,417 
Total assets $ 54,077  $ 54,480 
 
Accounts payable $ 209  $ 266 
Accrued expenses and other liabilities 4,324  4,562 
Total liabilities $ 4,533  $ 4,828