2024 Q3 Form 10-Q Financial Statement

#000182252324000037 Filed on August 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2 2023 Q2
Revenue $8.882M $18.38M $16.10M
YoY Change -41.84% 14.19% -19.12%
Cost Of Revenue $981.8K $3.985M $3.313M
YoY Change -72.5% 20.27% -21.14%
Gross Profit $7.901M $14.40M $12.79M
YoY Change -24.61% 12.62% -18.57%
Gross Profit Margin 88.95% 78.32% 79.42%
Selling, General & Admin $1.493M $2.437M $1.626M
YoY Change -5.48% 49.88% 2.4%
% of Gross Profit 18.9% 16.93% 12.72%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $2.475M $6.422M $4.940M
YoY Change -51.95% 30.02% -14.68%
Operating Profit $5.425M $7.977M $7.846M
YoY Change 1.81% 1.66% -20.85%
Interest Expense $1.573M $1.573M $1.576M
YoY Change 2.59% -0.16% -9.8%
% of Operating Profit 28.99% 19.72% 20.08%
Other Income/Expense, Net -$181.4K $6.190M $1.606M
YoY Change -82.73% 285.4% -200.82%
Pretax Income $1.604M $16.73M $12.30M
YoY Change -81.44% 36.0% 6.83%
Income Tax $386.3K $286.0K $200.0K
% Of Pretax Income 24.08% 1.71% 1.63%
Net Earnings $1.384M $16.45M $12.14M
YoY Change -82.66% 35.52% 6.9%
Net Earnings / Revenue 15.58% 89.46% 75.38%
Basic Earnings Per Share $0.06 $0.80 $0.59
Diluted Earnings Per Share $0.06 $0.80 $0.59
COMMON SHARES
Basic Shares Outstanding 20.67M shares 20.67M shares 20.46M shares
Diluted Shares Outstanding 20.79M shares 20.44M shares 20.32M shares

Balance Sheet

Concept 2024 Q3 2024 Q2 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $122.2M $170.3M $82.08M
YoY Change 66.89% 107.48% 80.06%
Cash & Equivalents $122.2M $170.3M $82.08M
Short-Term Investments
Other Short-Term Assets $423.0K $691.8K $697.9K
YoY Change -15.41% -0.87% 12.57%
Inventory
Prepaid Expenses
Receivables $0.00 $0.00
Other Receivables $0.00 $0.00
Total Short-Term Assets $122.6M $171.0M $82.78M
YoY Change 66.33% 106.57% 79.16%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $0.00
YoY Change
Total Long-Term Assets $244.0M $287.0M $371.2M
YoY Change -34.29% -22.68% -10.14%
TOTAL ASSETS
Total Short-Term Assets $122.6M $171.0M $82.78M
Total Long-Term Assets $244.0M $287.0M $371.2M
Total Assets $366.6M $458.0M $454.0M
YoY Change -17.63% 0.88% -1.15%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $658.2K $1.436M $1.284M
YoY Change -17.72% 11.83% 30.14%
Accrued Expenses $4.031M $5.758M $6.576M
YoY Change -46.97% -12.44% -43.08%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $71.93M $55.24M $25.70M
YoY Change 295.22% 114.98% 8.58%
LONG-TERM LIABILITIES
Long-Term Debt $88.46M $88.31M $87.71M
YoY Change 0.64% 0.68% -9.41%
Other Long-Term Liabilities $164.7K $157.3K $259.2K
YoY Change -17.67% -39.29% -56.43%
Total Long-Term Liabilities $88.63M $88.47M $87.97M
YoY Change 0.6% 0.56% -9.7%
TOTAL LIABILITIES
Total Short-Term Liabilities $71.93M $55.24M $25.70M
Total Long-Term Liabilities $88.63M $88.47M $87.97M
Total Liabilities $160.6M $143.7M $113.7M
YoY Change 51.0% 26.43% -6.12%
SHAREHOLDERS EQUITY
Retained Earnings -$42.35M -$36.51M -$9.103M
YoY Change 287.03% 301.13% 481.42%
Common Stock $218.8K $206.7K $204.6K
YoY Change 6.96% 1.02% 3.36%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $206.1M $314.3M $340.3M
YoY Change
Total Liabilities & Shareholders Equity $366.6M $458.0M $454.0M
YoY Change -17.63% 0.88% -1.15%

Cashflow Statement

Concept 2024 Q3 2024 Q2 2023 Q2
OPERATING ACTIVITIES
Net Income $1.384M $16.45M $12.14M
YoY Change -82.66% 35.52% 6.9%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $2.644M $10.32M $5.146M
YoY Change -51.58% 100.54% -51.27%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$6.990M $113.0M $8.034M
YoY Change 54.65% 1305.95% -142.12%
Cash From Investing Activities -$6.990M $113.0M $8.034M
YoY Change 54.65% 1305.95% -142.12%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -43.79M -35.28M -11.71M
YoY Change 345.9% 201.35% 23.0%
NET CHANGE
Cash From Operating Activities 2.644M 10.32M 5.146M
Cash From Investing Activities -6.990M 113.0M 8.034M
Cash From Financing Activities -43.79M -35.28M -11.71M
Net Change In Cash -48.13M 88.00M 1.474M
YoY Change 442.05% 5871.54% -108.17%
FREE CASH FLOW
Cash From Operating Activities $2.644M $10.32M $5.146M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2024Q2 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
888750 usd
CY2024Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
13020269 usd
CY2024Q2 us-gaap Financing Receivable Covered Allowance For Credit Loss
FinancingReceivableCoveredAllowanceForCreditLoss
157333 usd
CY2024Q2 us-gaap Management Fee Payable
ManagementFeePayable
3985028 usd
CY2024Q2 afcg Accrued Direct Administrative Expenses
AccruedDirectAdministrativeExpenses
884310 usd
CY2024Q2 us-gaap Accounts Payable And Other Accrued Liabilities
AccountsPayableAndOtherAccruedLiabilities
1436061 usd
CY2023Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
125 shares
CY2023Q4 us-gaap Preferred Stock Value
PreferredStockValue
1 usd
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
50000000 shares
CY2023Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
20457697 shares
CY2023Q4 us-gaap Common Stock Value
CommonStockValue
204577 usd
CY2023Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
349805890 usd
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-29958243 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
320052225 usd
CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
466585055 usd
CY2023Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
17675188 usd
us-gaap Investment Income Interest
InvestmentIncomeInterest
36318581 usd
us-gaap Investment Income Interest
InvestmentIncomeInterest
36175674 usd
CY2023Q2 us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
1575775 usd
us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
3176438 usd
us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
3243935 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
16099413 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
33142143 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
32931739 usd
CY2023Q2 afcg Accrued Exchange Fee Rebate
AccruedExchangeFeeRebate
427581 usd
afcg Accrued Exchange Fee Rebate
AccruedExchangeFeeRebate
588993 usd
afcg Accrued Exchange Fee Rebate
AccruedExchangeFeeRebate
906225 usd
CY2023Q2 us-gaap Labor And Related Expense
LaborAndRelatedExpense
3313493 usd
us-gaap Labor And Related Expense
LaborAndRelatedExpense
7447790 usd
us-gaap Labor And Related Expense
LaborAndRelatedExpense
7017712 usd
CY2023Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1075873 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3082008 usd
CY2023Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
130769 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
912565 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
411347 usd
CY2023Q2 us-gaap Professional Fees
ProfessionalFees
419577 usd
us-gaap Professional Fees
ProfessionalFees
1970776 usd
us-gaap Professional Fees
ProfessionalFees
840475 usd
us-gaap Operating Expenses
OperatingExpenses
12437337 usd
us-gaap Operating Expenses
OperatingExpenses
11351542 usd
CY2023Q2 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
-1606187 usd
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
-1258566 usd
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
-903761 usd
CY2023Q2 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
0 usd
us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
-93338 usd
us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
-26384 usd
CY2023Q2 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-462918 usd
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-5033694 usd
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-1940609 usd
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
12302970 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
16836340 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
22503346 usd
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
167637 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
444335 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
342739 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
12135333 usd
us-gaap Net Income Loss
NetIncomeLoss
16392005 usd
us-gaap Net Income Loss
NetIncomeLoss
22160607 usd
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.59
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.79
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.08
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.59
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.79
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.08
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20317341 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20396940 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20310606 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20322857 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20381724 shares
CY2024Q2 afcg Loans Held For Investment And Financing Receivable Before Allowance For Credit Loss
LoansHeldForInvestmentAndFinancingReceivableBeforeAllowanceForCreditLoss
275620392 usd
CY2024Q2 afcg Interest Receivables
InterestReceivables
1659502 usd
CY2023Q4 afcg Interest Receivables
InterestReceivables
2680188 usd
CY2023Q4 afcg Payment In Kind Receivable
PaymentInKindReceivable
1009974 usd
CY2024Q2 afcg Unused Fees Receivable
UnusedFeesReceivable
35116 usd
CY2023Q4 afcg Unused Fees Receivable
UnusedFeesReceivable
25833 usd
CY2024Q2 us-gaap Interest Receivable
InterestReceivable
1729188 usd
CY2023Q4 us-gaap Interest Receivable
InterestReceivable
3715995 usd
afcg Number Of Loans Included In Loan Funded Interest Reserve
NumberOfLoansIncludedInLoanFundedInterestReserve
0 loan
CY2023 afcg Number Of Loans Included In Loan Funded Interest Reserve
NumberOfLoansIncludedInLoanFundedInterestReserve
0 loan
afcg Reserves Disbursed Interest
ReservesDisbursedInterest
0 usd
CY2023Q2 afcg Reserves Disbursed Interest
ReservesDisbursedInterest
600000 usd
afcg Reserves Disbursed Interest
ReservesDisbursedInterest
3600000 usd
CY2024Q1 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
0 usd
CY2023Q1 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
1690334 usd
CY2023Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
0 usd
CY2022Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
3200944 usd
CY2024Q2 afcg New Reserves Interest
NewReservesInterest
0 usd
CY2023Q2 afcg New Reserves Interest
NewReservesInterest
0 usd
afcg New Reserves Interest
NewReservesInterest
0 usd
afcg New Reserves Interest
NewReservesInterest
1526065 usd
CY2023Q2 afcg Reserves Disbursed Interest
ReservesDisbursedInterest
559793 usd
afcg Reserves Disbursed Interest
ReservesDisbursedInterest
0 usd
afcg Reserves Disbursed Interest
ReservesDisbursedInterest
3596468 usd
CY2024Q2 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
0 usd
CY2023Q2 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
1130541 usd
CY2024Q2 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
0 usd
CY2023Q2 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
1130541 usd
CY2022Q2 afcg Line Of Credit Facility Accordion Feature Increase Limit
LineOfCreditFacilityAccordionFeatureIncreaseLimit
100000000.0 usd
CY2024Q2 afcg Loans Held For Investment Cost
LoansHeldForInvestmentCost
49618382 usd
CY2024Q2 us-gaap Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
34661390 usd
CY2024Q2 afcg Loans Held For Investment Carrying Value
LoansHeldForInvestmentCarryingValue
273580334 usd
CY2024Q2 us-gaap Notes Receivable Gross
NotesReceivableGross
2040058 usd
CY2024Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
25009024 usd
CY2024Q2 us-gaap Notes Receivable Net
NotesReceivableNet
250611368 usd
CY2024Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
170298050 usd
CY2024Q2 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
691787 usd
CY2024Q2 us-gaap Assets
Assets
457991783 usd
CY2023Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
894000 usd
CY2023Q4 us-gaap Other Liabilities
OtherLiabilities
16437 usd
CY2023Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
9819695 usd
CY2023Q4 us-gaap Financing Receivable Covered Allowance For Credit Loss
FinancingReceivableCoveredAllowanceForCreditLoss
115473 usd
CY2023Q4 us-gaap Management Fee Payable
ManagementFeePayable
3471726 usd
CY2023Q4 us-gaap Senior Notes
SeniorNotes
88014558 usd
CY2023Q4 us-gaap Line Of Credit
LineOfCredit
42000000 usd
CY2023Q4 us-gaap Liabilities
Liabilities
146532830 usd
CY2023Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2023Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2023Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000 shares
CY2024Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2024Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
20667094 shares
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
20457697 shares
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2106206 usd
CY2023Q2 us-gaap Operating Expenses
OperatingExpenses
4939712 usd
CY2023Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
1986381 usd
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20418897 shares
CY2023Q4 us-gaap Receivable With Imputed Interest Face Amount
ReceivableWithImputedInterestFaceAmount
314376929 usd
CY2024Q2 us-gaap Financing Receivable Originated In Current Fiscal Year
FinancingReceivableOriginatedInCurrentFiscalYear
88091183 usd
CY2024Q2 us-gaap Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year
FinancingReceivableOriginatedInFiscalYearBeforeLatestFiscalYear
28074169 usd
CY2024Q2 us-gaap Financing Receivable Originated Two Years Before Latest Fiscal Year
FinancingReceivableOriginatedTwoYearsBeforeLatestFiscalYear
59329569 usd
CY2024Q2 us-gaap Financing Receivable Originated Three Years Before Latest Fiscal Year
FinancingReceivableOriginatedThreeYearsBeforeLatestFiscalYear
98085413 usd
CY2024Q2 afcg Reserves Disbursed Interest
ReservesDisbursedInterest
0 usd
CY2023Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
243276 usd
dei Security12b Title
Security12bTitle
Common Stock, $0.01 par value per share
dei Trading Symbol
TradingSymbol
AFCG
dei Security Exchange Name
SecurityExchangeName
NASDAQ
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
true
dei Entity Ex Transition Period
EntityExTransitionPeriod
false
dei Entity Shell Company
EntityShellCompany
false
CY2024Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
20667094 shares
CY2023Q4 afcg Loans Held For Investment Cost
LoansHeldForInvestmentCost
71644003 usd
CY2023Q4 us-gaap Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
61720705 usd
CY2023Q4 afcg Loans Held For Investment Carrying Value
LoansHeldForInvestmentCarryingValue
301265398 usd
CY2023Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
2040058 usd
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
26309450 usd
CY2023Q4 us-gaap Notes Receivable Net
NotesReceivableNet
276996006 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
121626453 usd
CY2024Q2 us-gaap Accounts Receivable Net
AccountsReceivableNet
0 usd
CY2023Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
1837450 usd
CY2024Q2 us-gaap Interest Receivable
InterestReceivable
1729188 usd
CY2023Q4 us-gaap Interest Receivable
InterestReceivable
3715995 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
688446 usd
CY2023Q4 us-gaap Assets
Assets
466585055 usd
CY2024Q2 us-gaap Other Liabilities
OtherLiabilities
24490 usd
CY2023Q4 afcg Accrued Direct Administrative Expenses
AccruedDirectAdministrativeExpenses
1486256 usd
CY2023Q4 us-gaap Accounts Payable And Other Accrued Liabilities
AccountsPayableAndOtherAccruedLiabilities
714685 usd
CY2024Q2 us-gaap Senior Notes
SeniorNotes
88311721 usd
CY2024Q2 us-gaap Line Of Credit
LineOfCredit
35000000 usd
CY2024Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2024Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2024Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000 shares
CY2024Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2024Q2 us-gaap Preferred Stock Value
PreferredStockValue
0 usd
CY2024Q2 us-gaap Common Stock Value
CommonStockValue
206671 usd
CY2024Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
350591362 usd
CY2024Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-36514212 usd
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
314283821 usd
CY2024Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
457991783 usd
CY2024Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
19957521 usd
CY2023Q1 afcg Severance Costs Period To Receive Base Salary
SeveranceCostsPeriodToReceiveBaseSalary
P12M
CY2023Q1 afcg Severance Cobra Premiums Paid Period
SeveranceCOBRAPremiumsPaidPeriod
P12M
CY2023Q1 afcg Share Based Compensation Arrangement By Share Based Payment Award Expiration Period Extension
ShareBasedCompensationArrangementByShareBasedPaymentAwardExpirationPeriodExtension
P1Y
CY2024Q2 us-gaap Liabilities
Liabilities
143707962 usd
CY2023Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
125 shares
CY2024Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2024Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
50000000 shares
CY2024Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
20667094 shares
CY2024Q2 us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
1573275 usd
CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
18384246 usd
CY2024Q2 afcg Accrued Exchange Fee Rebate
AccruedExchangeFeeRebate
214190 usd
CY2024Q2 us-gaap Labor And Related Expense
LaborAndRelatedExpense
3985028 usd
CY2024Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1053810 usd
CY2024Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
369343 usd
CY2024Q2 us-gaap Professional Fees
ProfessionalFees
1014208 usd
CY2024Q2 us-gaap Operating Expenses
OperatingExpenses
6422389 usd
CY2024Q2 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
-6190240 usd
CY2024Q2 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
0 usd
CY2024Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
CY2024Q2 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-1420001 usd
CY2024Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
16732096 usd
CY2024Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
285975 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
16446121 usd
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.80
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.80
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20400004 shares
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20437799 shares
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
310621126 usd
CY2024Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
369343 usd
CY2024Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.63
CY2024Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
13020269 usd
CY2024Q2 us-gaap Preferred Stock Dividends Per Share Cash Paid
PreferredStockDividendsPerShareCashPaid
60
CY2024Q2 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
7500 usd
CY2024Q2 us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
125000 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
16446121 usd
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
314283821 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
337879330 usd
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
130769 usd
CY2023Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.48
CY2023Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
9819695 usd
CY2023Q2 us-gaap Preferred Stock Dividends Per Share Cash Paid
PreferredStockDividendsPerShareCashPaid
60
CY2023Q2 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
7500 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
12135333 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
340318237 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
320052225 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
912565 usd
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.11
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
22940474 usd
us-gaap Preferred Stock Dividends Per Share Cash Paid
PreferredStockDividendsPerShareCashPaid
60
us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
7500 usd
us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
125000 usd
us-gaap Net Income Loss
NetIncomeLoss
16392005 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
399427 usd
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.04
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
21293666 usd
us-gaap Preferred Stock Dividends Per Share Cash Paid
PreferredStockDividendsPerShareCashPaid
60
us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
7500 usd
us-gaap Net Income Loss
NetIncomeLoss
22160607 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
340318237 usd
us-gaap Net Income Loss
NetIncomeLoss
16392005 usd
us-gaap Net Income Loss
NetIncomeLoss
22160607 usd
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
-1258566 usd
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
-903761 usd
us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
-93338 usd
us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
-26384 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
1986381 usd
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-5033694 usd
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-1940609 usd
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
5313879 usd
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
2496655 usd
us-gaap Share Based Compensation
ShareBasedCompensation
912565 usd
us-gaap Share Based Compensation
ShareBasedCompensation
399427 usd
afcg Payment In Kind Interest
PaymentInKindInterest
2351851 usd
afcg Payment In Kind Interest
PaymentInKindInterest
8109786 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-55 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
0 usd
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-1991747 usd
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-2652172 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-50903 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
145996 usd
afcg Increase Decrease In Interest Reserve
IncreaseDecreaseInInterestReserve
0 usd
afcg Increase Decrease In Interest Reserve
IncreaseDecreaseInInterestReserve
3570403 usd
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-5250 usd
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-147500 usd
us-gaap Increase Decrease In Other Employee Related Liabilities
IncreaseDecreaseInOtherEmployeeRelatedLiabilities
513302 usd
us-gaap Increase Decrease In Other Employee Related Liabilities
IncreaseDecreaseInOtherEmployeeRelatedLiabilities
-578241 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-601946 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-600983 usd
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
729429 usd
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
448783 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
16692097 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
9528462 usd
us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
90087162 usd
us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
16796204 usd
us-gaap Proceeds From Sale Of Loans Held For Investment
ProceedsFromSaleOfLoansHeldForInvestment
96061029 usd
us-gaap Proceeds From Sale Of Loans Held For Investment
ProceedsFromSaleOfLoansHeldForInvestment
21312827 usd
us-gaap Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
53103033 usd
us-gaap Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
18509287 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
59076900 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
23025910 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
225000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
225000 usd
us-gaap Payments For Repurchase Of Preferred Stock And Preference Stock
PaymentsForRepurchaseOfPreferredStockAndPreferenceStock
125000 usd
us-gaap Payments For Repurchase Of Preferred Stock And Preference Stock
PaymentsForRepurchaseOfPreferredStockAndPreferenceStock
0 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
95000000 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
102000000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
60000000 usd
us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
19747400 usd
us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
22885311 usd
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
0 usd
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
7737500 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-27097400 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-90847811 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
48671597 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-58293439 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
121626453 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
140372841 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
170298050 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
82079402 usd
afcg Interest Reserve Withheld From Funding Of Loan
InterestReserveWithheldFromFundingOfLoan
0 usd
afcg Interest Reserve Withheld From Funding Of Loan
InterestReserveWithheldFromFundingOfLoan
1500000 usd
us-gaap Notes Issued1
NotesIssued1
14672640 usd
us-gaap Notes Issued1
NotesIssued1
0 usd
afcg Original Issue Discount Withheld From Funding Of Loans
OriginalIssueDiscountWithheldFromFundingOfLoans
2423357 usd
afcg Original Issue Discount Withheld From Funding Of Loans
OriginalIssueDiscountWithheldFromFundingOfLoans
2610000 usd
afcg Securities Purchases Incurred But Not Yet Paid
SecuritiesPurchasesIncurredButNotYetPaid
0 usd
afcg Securities Purchases Incurred But Not Yet Paid
SecuritiesPurchasesIncurredButNotYetPaid
7995934 usd
afcg Dividends Declared But Not Yet Paid
DividendsDeclaredButNotYetPaid
13020269 usd
afcg Dividends Declared But Not Yet Paid
DividendsDeclaredButNotYetPaid
9819695 usd
us-gaap Interest Paid Net
InterestPaidNet
2675138 usd
us-gaap Interest Paid Net
InterestPaidNet
2951250 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
567070 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
415359 usd
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:10pt;text-align:justify"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates in the Preparation of Financial Statements</span></div><div style="margin-top:10pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Actual results could differ from those estimates. Significant estimates include the valuation of loans held for investment at fair value and current expected credit losses (“CECL”).</span></div>
afcg Number Of Loans Held For Investments In Portfolio
NumberOfLoansHeldForInvestmentsInPortfolio
1 loan
CY2023 afcg Number Of Loans Held For Investments In Portfolio
NumberOfLoansHeldForInvestmentsInPortfolio
2 loan
CY2024Q2 afcg Loans Held For Investment At Fair Value Aggregate Commitments
LoansHeldForInvestmentAtFairValueAggregateCommitments
77800000 usd
CY2023Q4 afcg Loans Held For Investment At Fair Value Aggregate Commitments
LoansHeldForInvestmentAtFairValueAggregateCommitments
94200000 usd
CY2024Q2 afcg Loans Held For Investment Outstanding Principal Amount
LoansHeldForInvestmentOutstandingPrincipalAmount
49700000 usd
CY2023Q4 afcg Loans Held For Investment Outstanding Principal Amount
LoansHeldForInvestmentOutstandingPrincipalAmount
71900000 usd
afcg Proceeds From Principal Repayments Of Loans Held For Investment At Fair Value
ProceedsFromPrincipalRepaymentsOfLoansHeldForInvestmentAtFairValue
4000000.0 usd
afcg Proceeds From Sale Of Loans Held For Investment At Fair Value
ProceedsFromSaleOfLoansHeldForInvestmentAtFairValue
19300000 usd
CY2024Q2 us-gaap Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
34661390 usd
CY2024Q2 afcg Loans Held For Investment Cost
LoansHeldForInvestmentCost
49618382 usd
CY2024Q2 afcg Loans Held For Investment Outstanding Principal Amount
LoansHeldForInvestmentOutstandingPrincipalAmount
49729397 usd
afcg Loans Held For Investment At Fair Value Weighted Average Remaining Life
LoansHeldForInvestmentAtFairValueWeightedAverageRemainingLife
P0Y
CY2023Q4 us-gaap Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
61720705 usd
CY2023Q4 afcg Loans Held For Investment Cost
LoansHeldForInvestmentCost
71644003 usd
CY2023Q4 afcg Loans Held For Investment Outstanding Principal Amount
LoansHeldForInvestmentOutstandingPrincipalAmount
71883402 usd
CY2023 afcg Loans Held For Investment At Fair Value Weighted Average Remaining Life
LoansHeldForInvestmentAtFairValueWeightedAverageRemainingLife
P0Y4M24D
CY2023Q4 afcg Loans Held For Investment Outstanding Principal Amount
LoansHeldForInvestmentOutstandingPrincipalAmount
71883402 usd
CY2023Q4 afcg Loans Held For Investment At Fair Value Original Issue Discount
LoansHeldForInvestmentAtFairValueOriginalIssueDiscount
239399 usd
CY2023Q4 afcg Loans Held For Investment At Fair Value Unrealized Gains Losses
LoansHeldForInvestmentAtFairValueUnrealizedGainsLosses
-9923298 usd
CY2023Q4 us-gaap Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
61720705 usd
afcg Loans Held For Investment At Fair Value Unrealized Gains Losses Change In Unrealized Gains Losses On Loans At Fair Value Net
LoansHeldForInvestmentAtFairValueUnrealizedGainsLossesChangeInUnrealizedGainsLossesOnLoansAtFairValueNet
-5033694 usd
afcg Loans Held For Investment At Fair Value Change In Unrealized Gains Losses On Loans At Fair Value Net
LoansHeldForInvestmentAtFairValueChangeInUnrealizedGainsLossesOnLoansAtFairValueNet
-5033694 usd
afcg Loans Held For Investment At Fair Value Original Issue Discount Accretion Of Original Issue Discount
LoansHeldForInvestmentAtFairValueOriginalIssueDiscountAccretionOfOriginalIssueDiscount
128384 usd
afcg Loans Held For Investment At Fair Value Accretion Of Original Issue Discount
LoansHeldForInvestmentAtFairValueAccretionOfOriginalIssueDiscount
128384 usd
afcg Proceeds From Principal Repayments Of Loans Held For Investment At Fair Value Outstanding Principal
ProceedsFromPrincipalRepaymentsOfLoansHeldForInvestmentAtFairValueOutstandingPrincipal
4003945 usd
afcg Proceeds From Principal Repayments Of Loans Held For Investment At Fair Value
ProceedsFromPrincipalRepaymentsOfLoansHeldForInvestmentAtFairValue
4003945 usd
afcg Proceeds From Sale Of Loans Held For Investment At Fair Value Outstanding Principal
ProceedsFromSaleOfLoansHeldForInvestmentAtFairValueOutstandingPrincipal
19284846 usd
afcg Proceeds From Sale Of Loans Held For Investment At Fair Value
ProceedsFromSaleOfLoansHeldForInvestmentAtFairValue
19284846 usd
afcg Loans Held For Investment At Fair Value Outstanding Principal Payment In Kind Interest
LoansHeldForInvestmentAtFairValueOutstandingPrincipalPaymentInKindInterest
1134786 usd
afcg Loans Held For Investment At Fair Value Payment In Kind Interest
LoansHeldForInvestmentAtFairValuePaymentInKindInterest
1134786 usd
CY2024Q2 afcg Loans Held For Investment Outstanding Principal Amount
LoansHeldForInvestmentOutstandingPrincipalAmount
49729397 usd
CY2024Q2 afcg Loans Held For Investment At Fair Value Original Issue Discount
LoansHeldForInvestmentAtFairValueOriginalIssueDiscount
111015 usd
CY2024Q2 afcg Loans Held For Investment At Fair Value Unrealized Gains Losses
LoansHeldForInvestmentAtFairValueUnrealizedGainsLosses
-14956992 usd
CY2024Q2 us-gaap Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
34661390 usd
CY2024Q2 us-gaap Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
34661390 usd
CY2024Q2 afcg Loans Held For Investment Cost
LoansHeldForInvestmentCost
49618382 usd
CY2024Q2 afcg Loans Held For Investment Outstanding Principal Amount
LoansHeldForInvestmentOutstandingPrincipalAmount
49729397 usd
afcg Number Of Loans Held For Investments
NumberOfLoansHeldForInvestments
12 loan
CY2023 afcg Number Of Loans Held For Investments
NumberOfLoansHeldForInvestments
9 loan
CY2024Q2 afcg Loans Held For Investment At Carrying Value Aggregate Commitments
LoansHeldForInvestmentAtCarryingValueAggregateCommitments
311100000 usd
CY2023Q4 afcg Loans Held For Investment At Carrying Value Aggregate Commitments
LoansHeldForInvestmentAtCarryingValueAggregateCommitments
333100000 usd
CY2024Q2 us-gaap Receivable With Imputed Interest Face Amount
ReceivableWithImputedInterestFaceAmount
283700000 usd
CY2023Q4 us-gaap Receivable With Imputed Interest Face Amount
ReceivableWithImputedInterestFaceAmount
314400000 usd
afcg Loans Held For Investment At Carrying Value Outstanding Principal New Fundings
LoansHeldForInvestmentAtCarryingValueOutstandingPrincipalNewFundings
107200000 usd
afcg Receivable With Imputed Interest Loan Repayments And Amortization Payments
ReceivableWithImputedInterestLoanRepaymentsAndAmortizationPayments
49100000 usd
afcg Receivable With Imputed Interest Sale Of Loans Face Amount
ReceivableWithImputedInterestSaleOfLoansFaceAmount
90000000.0 usd
CY2024Q2 afcg Percentage Of Loans Held With Floating Interest Rates
PercentageOfLoansHeldWithFloatingInterestRates
0.44
CY2023Q4 afcg Percentage Of Loans Held With Floating Interest Rates
PercentageOfLoansHeldWithFloatingInterestRates
0.84
CY2024Q2 afcg Loans Held For Investment Interest Rate Floor
LoansHeldForInvestmentInterestRateFloor
0.037
CY2024Q2 afcg Loans Held For Investment Quoted Interest Rate
LoansHeldForInvestmentQuotedInterestRate
0.053
CY2024Q2 us-gaap Receivable With Imputed Interest Face Amount
ReceivableWithImputedInterestFaceAmount
283678065 usd
CY2024Q2 us-gaap Receivable With Imputed Interest Discount
ReceivableWithImputedInterestDiscount
10097731 usd
CY2024Q2 afcg Loans Held For Investment Carrying Value
LoansHeldForInvestmentCarryingValue
273580334 usd
afcg Loans Held For Investment Weighted Average Remaining Life
LoansHeldForInvestmentWeightedAverageRemainingLife
P2Y1M6D
CY2023Q4 us-gaap Receivable With Imputed Interest Face Amount
ReceivableWithImputedInterestFaceAmount
314376929 usd
CY2023Q4 us-gaap Receivable With Imputed Interest Discount
ReceivableWithImputedInterestDiscount
13111531 usd
CY2023Q4 afcg Loans Held For Investment Carrying Value
LoansHeldForInvestmentCarryingValue
301265398 usd
CY2023 afcg Loans Held For Investment Weighted Average Remaining Life
LoansHeldForInvestmentWeightedAverageRemainingLife
P2Y2M12D
CY2023Q4 us-gaap Receivable With Imputed Interest Discount
ReceivableWithImputedInterestDiscount
13111531 usd
CY2023Q4 afcg Loans Held For Investment Carrying Value
LoansHeldForInvestmentCarryingValue
301265398 usd
afcg Receivable With Imputed Interest New Funding Face Amount
ReceivableWithImputedInterestNewFundingFaceAmount
107183159 usd
afcg Receivable With Imputed Interest Discount On New Funding
ReceivableWithImputedInterestDiscountOnNewFunding
2423357 usd
afcg Receivable With Imputed Interest New Funding Net Amount
ReceivableWithImputedInterestNewFundingNetAmount
104759802 usd
afcg Receivable With Accretion Of Original Issue Discount Premium
ReceivableWithAccretionOfOriginalIssueDiscountPremium
5185495 usd
afcg Accretion Of Original Issue Discount Net Amount
AccretionOfOriginalIssueDiscountNetAmount
5185495 usd
afcg Receivable With Imputed Interest Loan Repayments Face Amount
ReceivableWithImputedInterestLoanRepaymentsFaceAmount
46879654 usd
afcg Receivable With Imputed Interest Loan Repayments
ReceivableWithImputedInterestLoanRepayments
46879654 usd
afcg Receivable With Imputed Interest Sale Of Loans Face Amount
ReceivableWithImputedInterestSaleOfLoansFaceAmount
90000000 usd
afcg Receivable With Imputed Interest Sale Of Loans Original Issue Discount
ReceivableWithImputedInterestSaleOfLoansOriginalIssueDiscount
251662 usd
afcg Receivable With Sale Of Loans Net Amount
ReceivableWithSaleOfLoansNetAmount
89748338 usd
afcg Receivable With Paid In Kind Interest Face Amount
ReceivableWithPaidInKindInterestFaceAmount
1217065 usd
afcg Receivable With Paid In Kind Interest Net Amount
ReceivableWithPaidInKindInterestNetAmount
1217065 usd
afcg Receivable With Imputed Interest Amortization Payments
ReceivableWithImputedInterestAmortizationPayments
2219434 usd
afcg Receivable With Imputed Interest Loan Amortization Payments
ReceivableWithImputedInterestLoanAmortizationPayments
2219434 usd
CY2024Q2 us-gaap Receivable With Imputed Interest Face Amount
ReceivableWithImputedInterestFaceAmount
283678065 usd
CY2024Q2 us-gaap Receivable With Imputed Interest Discount
ReceivableWithImputedInterestDiscount
10097731 usd
CY2024Q2 afcg Loans Held For Investment Carrying Value
LoansHeldForInvestmentCarryingValue
273580334 usd
CY2024Q2 us-gaap Receivable With Imputed Interest Face Amount
ReceivableWithImputedInterestFaceAmount
283678065 usd
CY2024Q2 us-gaap Receivable With Imputed Interest Discount
ReceivableWithImputedInterestDiscount
10097731 usd
CY2024Q2 afcg Loans Held For Investment Carrying Value
LoansHeldForInvestmentCarryingValue
273580334 usd
CY2023Q4 afcg Number Of Portfolio Loans
NumberOfPortfolioLoans
1 loan
CY2024Q2 afcg Number Of Portfolio Loans
NumberOfPortfolioLoans
1 loan
CY2024Q2 afcg Loans Receivable At Carrying Value Aggregate Commitments
LoansReceivableAtCarryingValueAggregateCommitments
4000000.0 usd
CY2023Q4 afcg Loans Receivable At Carrying Value Aggregate Commitments
LoansReceivableAtCarryingValueAggregateCommitments
4000000.0 usd
CY2023Q4 us-gaap Financing Receivable Before Allowance For Credit Loss And Fee
FinancingReceivableBeforeAllowanceForCreditLossAndFee
2000000.0 usd
CY2024Q2 us-gaap Financing Receivable Before Allowance For Credit Loss And Fee
FinancingReceivableBeforeAllowanceForCreditLossAndFee
2000000.0 usd
CY2023Q4 us-gaap Financing Receivable Before Allowance For Credit Loss And Fee
FinancingReceivableBeforeAllowanceForCreditLossAndFee
2041744 usd
CY2023Q4 us-gaap Financing Receivable Unamortized Loan Commitment Origination Fee And Premium Discount
FinancingReceivableUnamortizedLoanCommitmentOriginationFeeAndPremiumDiscount
1686 usd
CY2023Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
2040058 usd
us-gaap Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
0 usd
afcg Payments On Loans Receivable Carrying Value
PaymentsOnLoansReceivableCarryingValue
0 usd
CY2024Q2 us-gaap Financing Receivable Before Allowance For Credit Loss And Fee
FinancingReceivableBeforeAllowanceForCreditLossAndFee
2041744 usd
CY2024Q2 us-gaap Financing Receivable Unamortized Loan Commitment Origination Fee And Premium Discount
FinancingReceivableUnamortizedLoanCommitmentOriginationFeeAndPremiumDiscount
1686 usd
CY2024Q2 us-gaap Notes Receivable Gross
NotesReceivableGross
2040058 usd
CY2024Q2 us-gaap Financing Receivable Originated Four Years Before Latest Fiscal Year
FinancingReceivableOriginatedFourYearsBeforeLatestFiscalYear
2040058 usd
CY2024Q2 afcg Payment In Kind Receivable
PaymentInKindReceivable
34570 usd
CY2024Q2 afcg Reserves Disbursed Interest
ReservesDisbursedInterest
0 usd
CY2024Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
1320000 usd
CY2024Q2 us-gaap Line Of Credit Facility Commitment Fee Amount
LineOfCreditFacilityCommitmentFeeAmount
0 usd
CY2024Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
253275 usd
CY2024Q2 us-gaap Interest Expense
InterestExpense
1573275 usd
CY2023Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
1293750 usd
CY2023Q2 us-gaap Line Of Credit Facility Commitment Fee Amount
LineOfCreditFacilityCommitmentFeeAmount
38749 usd
CY2023Q2 us-gaap Interest Expense
InterestExpense
1575775 usd
us-gaap Interest Expense Debt
InterestExpenseDebt
2669887 usd
us-gaap Line Of Credit Facility Commitment Fee Amount
LineOfCreditFacilityCommitmentFeeAmount
0 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
506551 usd
us-gaap Interest Expense
InterestExpense
3176438 usd
us-gaap Interest Expense Debt
InterestExpenseDebt
2729167 usd
us-gaap Line Of Credit Facility Commitment Fee Amount
LineOfCreditFacilityCommitmentFeeAmount
74582 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
440186 usd
us-gaap Interest Expense
InterestExpense
3243935 usd
CY2024Q2 afcg Contractual Obligation Loan Commitments
ContractualObligationLoanCommitments
392900838 usd
CY2023Q4 afcg Contractual Obligation Loan Commitments
ContractualObligationLoanCommitments
431239913 usd
CY2024Q2 afcg Contractual Obligation Drawn Loan Commitments
ContractualObligationDrawnLoanCommitments
375102310 usd
CY2023Q4 afcg Contractual Obligation Drawn Loan Commitments
ContractualObligationDrawnLoanCommitments
421239913 usd
CY2024Q2 us-gaap Contractual Obligation
ContractualObligation
17798528 usd
CY2023Q4 us-gaap Contractual Obligation
ContractualObligation
10000000 usd
CY2023Q1 afcg Severance Cobra Premiums Paid Percentage
SeveranceCOBRAPremiumsPaidPercentage
1
CY2023Q1 afcg Share Based Compensation Arrangement By Share Based Payment Award Accelerated Vesting Number Of Tranches
ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedVestingNumberOfTranches
1 tranche
us-gaap Severance Costs1
SeveranceCosts1
0 usd
us-gaap Severance Costs1
SeveranceCosts1
700000 usd
CY2024Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2023Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2023Q2 srt Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
20000000 usd
CY2023 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0 shares
CY2024Q2 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0 shares
CY2024Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
161879 shares
CY2023Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
206304 shares
CY2024Q2 afcg Share Based Compensation Arrangement By Share Based Payment Award Options Vested Cumulative Number Of Shares
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedCumulativeNumberOfShares
2212753 shares
CY2023Q4 afcg Share Based Compensation Arrangement By Share Based Payment Award Options Vested Cumulative Number Of Shares
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedCumulativeNumberOfShares
2168328 shares
CY2024Q2 afcg Share Based Compensation Arrangement By Share Based Payment Award Options Exercises Cumulative
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesCumulative
5511 shares
CY2023Q4 afcg Share Based Compensation Arrangement By Share Based Payment Award Options Exercises Cumulative
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesCumulative
5511 shares
CY2024Q2 afcg Share Based Compensation Arrangement By Share Based Payment Award Options Nonvested Options Forfeited Cumulative Number Of Shares
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonvestedOptionsForfeitedCumulativeNumberOfShares
200169 shares
CY2023Q4 afcg Share Based Compensation Arrangement By Share Based Payment Award Options Nonvested Options Forfeited Cumulative Number Of Shares
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonvestedOptionsForfeitedCumulativeNumberOfShares
200169 shares
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2168952 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2168952 shares
CY2024Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
400000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
900000 usd
CY2023Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
100000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
400000 usd
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2168952 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
17.74
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
0 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
0
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2168952 shares
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
17.74
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P3Y9M7D
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
0 usd
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
2123596 shares
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
17.72
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P3Y9M3D
CY2024Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
0 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0 shares
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0 shares
CY2024Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
2800000 usd
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y1M20D
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
16446121 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
12135333 usd
us-gaap Net Income Loss
NetIncomeLoss
16392005 usd
us-gaap Net Income Loss
NetIncomeLoss
22160607 usd
CY2024Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
7500 usd
CY2023Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
7500 usd
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
7500 usd
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
7500 usd
CY2024Q2 us-gaap Dividends
Dividends
128270 usd
CY2023Q2 us-gaap Dividends
Dividends
103805 usd
us-gaap Dividends
Dividends
185396 usd
us-gaap Dividends
Dividends
139277 usd
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
16310351 usd
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
16310351 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
12024028 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
12024028 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
16199109 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
16199109 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
22013830 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
22013830 usd
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20400004 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20317341 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20396940 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20310606 shares
CY2024Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
37795 shares
CY2023Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
5516 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
21957 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
71118 shares
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20437799 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20322857 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20418897 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20381724 shares
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.80
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.59
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.79
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.08
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.80
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.59
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.79
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.08
CY2024Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2206907 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2206907 shares
CY2023Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2417817 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2369907 shares
CY2024Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
300000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
400000 usd
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
200000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
300000 usd
CY2024Q2 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
285975 usd
CY2023Q2 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
167637 usd
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
444335 usd
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
342469 usd
CY2024Q2 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0 usd
CY2023Q2 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0 usd
CY2024Q2 us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
0 usd
CY2023Q2 us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
0 usd
us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
0 usd
us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
270 usd
CY2024Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
285975 usd
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
167637 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
444335 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
342739 usd
CY2024Q2 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
183000.0 usd
us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
288300 usd
CY2024Q2 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
103000.0 usd
us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
156000.0 usd
CY2023Q2 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
131500 usd
us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
263000.0 usd
CY2023Q2 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
36100 usd
us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
79500 usd
CY2024Q2 us-gaap Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
0 usd
CY2023Q2 us-gaap Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
0 usd
us-gaap Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
0 usd
us-gaap Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
0 usd
afcg Exercise Tax As A Percentage Of Undistributed Ordinary Income And Net Capital Gains
ExerciseTaxAsAPercentageOfUndistributedOrdinaryIncomeAndNetCapitalGains
0.04
CY2024Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 usd
CY2024Q2 us-gaap Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
34661390 usd
CY2024Q2 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
34661390 usd
CY2023Q4 us-gaap Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
61720705 usd
CY2023Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
61720705 usd
CY2024Q2 afcg Incentive Compensation
IncentiveCompensation
2900000 usd
afcg Incentive Compensation
IncentiveCompensation
5300000 usd
CY2023Q2 afcg Incentive Compensation
IncentiveCompensation
2400000 usd
afcg Incentive Compensation
IncentiveCompensation
5200000 usd
CY2024Q2 us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
4734972 usd
CY2023Q2 us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
4210695 usd
us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
8980053 usd
us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
9000941 usd

Files In Submission

Name View Source Status
0001822523-24-000037-index-headers.html Edgar Link pending
0001822523-24-000037-index.html Edgar Link pending
0001822523-24-000037.txt Edgar Link pending
0001822523-24-000037-xbrl.zip Edgar Link pending
afcg-20240630.htm Edgar Link pending
afcg-20240630.xsd Edgar Link pending
afcg-20240630xex311.htm Edgar Link pending
afcg-20240630xex312.htm Edgar Link pending
afcg-20240630xex321.htm Edgar Link pending
afcg-20240630xex322.htm Edgar Link pending
afcg-20240630_g1.jpg Edgar Link pending
amendmentnumbertwotocredit.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
afcg-20240630_def.xml Edgar Link unprocessable
afcg-20240630_lab.xml Edgar Link unprocessable
afcg-20240630_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
afcg-20240630_htm.xml Edgar Link completed
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R71.htm Edgar Link pending
R72.htm Edgar Link pending
R73.htm Edgar Link pending
R74.htm Edgar Link pending
R75.htm Edgar Link pending
R76.htm Edgar Link pending
R77.htm Edgar Link pending
R78.htm Edgar Link pending
R79.htm Edgar Link pending
R8.htm Edgar Link pending
R80.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
afcg-20240630_cal.xml Edgar Link unprocessable