$SACH
Sachem Capital Corp.

2022 Q4 Form 10-Q Financial Statement

#000141057822003110 Filed on November 10, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q3
Revenue $15.89M $13.54M $8.522M
YoY Change 63.32% 58.89% 99.5%
Cost Of Revenue $6.467M $5.975M $2.602M
YoY Change 123.51% 129.59% 102.53%
Gross Profit $9.419M $7.566M $5.892M
YoY Change 37.84% 28.42% 97.89%
Gross Profit Margin 59.29% 55.87% 69.13%
Selling, General & Admin $2.727M $2.226M $1.250M
YoY Change 49.77% 78.06% 55.53%
% of Gross Profit 28.96% 29.41% 21.21%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $39.88K $22.05K $20.42K
YoY Change 79.32% 7.98% 33.05%
% of Gross Profit 0.42% 0.29% 0.35%
Operating Expenses $2.952M $2.316M $1.347M
YoY Change 48.7% 72.03% 61.14%
Operating Profit $6.467M $5.250M $4.545M
YoY Change 33.39% 15.5% 112.23%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $90.90K $137.6K
YoY Change -33.94%
Pretax Income $6.276M $5.054M $4.301M
YoY Change 46.44% 17.51% 101.08%
Income Tax
% Of Pretax Income
Net Earnings $5.354M $5.054M $4.301M
YoY Change 24.93% 17.51% 101.08%
Net Earnings / Revenue 33.7% 37.32% 50.46%
Basic Earnings Per Share $0.11 $0.12
Diluted Earnings Per Share $0.13 $0.11 $0.12
COMMON SHARES
Basic Shares Outstanding 40.80M 38.83M 27.97M
Diluted Shares Outstanding 38.83M 27.98M

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $23.71M $35.46M $19.24M
YoY Change -43.46% 84.3% 257.39%
Cash & Equivalents $23.71M $35.46M $19.24M
Short-Term Investments $531.0K
Other Short-Term Assets $477.0K $472.8K $85.81K
YoY Change 75.84% 450.98% -19.67%
Inventory
Prepaid Expenses
Receivables $6.310M $5.747M $2.705M
Other Receivables $8.797M $5.567M $3.859M
Total Short-Term Assets $39.23M $46.90M $25.89M
YoY Change -21.02% 81.11% 200.0%
LONG-TERM ASSETS
Property, Plant & Equipment $4.122M $3.398M $2.190M
YoY Change 89.75% 55.16% 54.39%
Goodwill $391.0K
YoY Change
Intangibles
YoY Change
Long-Term Investments $55.41M $56.89M $57.88M
YoY Change -16.92% -1.71% 109.06%
Other Assets $54.55K $19.81K $354.9K
YoY Change -79.37% -94.42% 437.06%
Total Long-Term Assets $526.4M $514.9M $287.5M
YoY Change 42.94% 79.13% 78.54%
TOTAL ASSETS
Total Short-Term Assets $39.23M $46.90M $25.89M
Total Long-Term Assets $526.4M $514.9M $287.5M
Total Assets $565.7M $561.8M $313.4M
YoY Change 35.34% 79.29% 84.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.110M $555.6K $192.7K
YoY Change 121.18% 188.35% -63.12%
Accrued Expenses $323.4K $595.8K $0.00
YoY Change 96.33% -100.0%
Deferred Revenue
YoY Change
Short-Term Debt $3.588M $3.543M $30.06M
YoY Change -89.19% -88.21% 148.8%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $20.26M $14.63M $40.28M
YoY Change -61.67% -63.68% 185.47%
LONG-TERM LIABILITIES
Long-Term Debt $323.3M $323.4M $110.4M
YoY Change 79.24% 192.87% 56.55%
Other Long-Term Liabilities $4.360M $4.472M $3.879M
YoY Change -6.1% 15.27% 248.01%
Total Long-Term Liabilities $327.7M $327.9M $114.3M
YoY Change 77.1% 186.84% 59.53%
TOTAL LIABILITIES
Total Short-Term Liabilities $20.26M $14.63M $40.28M
Total Long-Term Liabilities $327.7M $327.9M $114.3M
Total Liabilities $348.0M $342.5M $154.6M
YoY Change 46.27% 121.56% 80.25%
SHAREHOLDERS EQUITY
Retained Earnings -$7.995M -$2.705M -$913.6K
YoY Change 60.14% 196.1% -1424.16%
Common Stock $41.09K $40.08K $28.32K
YoY Change 25.55% 41.55% 28.03%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $217.7M $219.3M $158.8M
YoY Change
Total Liabilities & Shareholders Equity $565.7M $561.8M $313.4M
YoY Change 35.34% 79.29% 84.72%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income $5.354M $5.054M $4.301M
YoY Change 24.93% 17.51% 101.08%
Depreciation, Depletion And Amortization $39.88K $22.05K $20.42K
YoY Change 79.32% 7.98% 33.05%
Cash From Operating Activities $742.7K $5.074M $11.24M
YoY Change -93.06% -54.85% 229.21%
INVESTING ACTIVITIES
Capital Expenditures $314.5K -$558.1K -$88.41K
YoY Change -134.38% 531.23% -85.57%
Acquisitions
YoY Change
Other Investing Activities -$7.997M -$30.10M -$58.13M
YoY Change -90.06% -48.22% 132.04%
Cash From Investing Activities -$8.311M -$30.66M -$58.22M
YoY Change -89.78% -47.34% 126.85%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -4.183M 31.92M 3.998M
YoY Change -104.48% 698.44% -82.61%
NET CHANGE
Cash From Operating Activities 742.7K 5.074M 11.24M
Cash From Investing Activities -8.311M -30.66M -58.22M
Cash From Financing Activities -4.183M 31.92M 3.998M
Net Change In Cash -11.75M 6.334M -42.98M
YoY Change -151.78% -114.74% -5939.28%
FREE CASH FLOW
Cash From Operating Activities $742.7K $5.074M $11.24M
Capital Expenditures $314.5K -$558.1K -$88.41K
Free Cash Flow $428.2K $5.632M $11.33M
YoY Change -96.31% -50.28% 181.32%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2021Q4 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
60633661
CY2022Q3 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
448524665
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
41938897
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
CY2022Q3 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
34351374
CY2021Q4 us-gaap Common Stock Value
CommonStockValue
32730
CY2022Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2021Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
dei Entity Registrant Name
EntityRegistrantName
Sachem Capital Corp.
dei Entity Central Index Key
EntityCentralIndexKey
0001682220
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Amendment Flag
AmendmentFlag
false
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
32730004
CY2022Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
1903000
CY2021Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
1903000
CY2022Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
40080672
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2022-09-30
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
001-37997
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
NY
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
81-3467779
dei Entity Address Address Line1
EntityAddressAddressLine1
698 Main Street,
dei Entity Address City Or Town
EntityAddressCityOrTown
Branford
dei Entity Address State Or Province
EntityAddressStateOrProvince
CT
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
06405
dei City Area Code
CityAreaCode
203
dei Local Phone Number
LocalPhoneNumber
433-4736
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
CY2022Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
40795709
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
35464257
CY2021Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
292301209
CY2022Q3 us-gaap Interest Receivable
InterestReceivable
5746907
CY2021Q4 us-gaap Interest Receivable
InterestReceivable
3693645
CY2022Q3 us-gaap Due From Affiliates
DueFromAffiliates
5055146
CY2021Q4 us-gaap Due From Affiliates
DueFromAffiliates
3671016
CY2022Q3 sach Real Estate Investments Owned
RealEstateInvestmentsOwned
5615940
CY2021Q4 sach Real Estate Investments Owned
RealEstateInvestmentsOwned
6559010
CY2022Q3 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
22542941
CY2021Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
6055838
CY2022Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3397812
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2172185
CY2022Q3 us-gaap Other Assets
OtherAssets
1122342
CY2021Q4 us-gaap Other Assets
OtherAssets
936290
CY2022Q3 us-gaap Assets
Assets
561821384
CY2021Q4 us-gaap Assets
Assets
417961751
CY2022Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
8844137
CY2021Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
5747387
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
32730004
CY2022Q3 us-gaap Common Stock Value
CommonStockValue
40081
CY2022Q3 us-gaap Unsecured Debt
UnsecuredDebt
279557613
CY2021Q4 us-gaap Unsecured Debt
UnsecuredDebt
160529363
CY2022Q3 us-gaap Assets Sold Under Agreements To Repurchase Repurchase Liability
AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability
43100146
CY2021Q4 us-gaap Assets Sold Under Agreements To Repurchase Repurchase Liability
AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability
19087189
CY2022Q3 sach Mortgage Payable
MortgagePayable
750000
CY2021Q4 sach Mortgage Payable
MortgagePayable
750000
CY2022Q3 us-gaap Line Of Credit
LineOfCredit
3542853
CY2021Q4 us-gaap Line Of Credit
LineOfCredit
33178031
CY2021Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
3927600
CY2022Q3 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
1162170
CY2021Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
697403
CY2022Q3 us-gaap Advance Payments By Borrowers For Taxes And Insurance
AdvancePaymentsByBorrowersForTaxesAndInsurance
9936828
CY2021Q4 us-gaap Advance Payments By Borrowers For Taxes And Insurance
AdvancePaymentsByBorrowersForTaxesAndInsurance
15066114
CY2022Q3 us-gaap Deferred Revenue
DeferredRevenue
4471800
CY2021Q4 us-gaap Deferred Revenue
DeferredRevenue
4643490
CY2022Q3 us-gaap Liabilities
Liabilities
342521410
CY2021Q4 us-gaap Liabilities
Liabilities
237879190
CY2022Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2021Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2022Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000
CY2022Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
1903000
CY2021Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
1903000
CY2022Q3 us-gaap Preferred Stock Value
PreferredStockValue
1903
CY2021Q4 us-gaap Preferred Stock Value
PreferredStockValue
1903
CY2022Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000
CY2022Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
40080672
CY2022Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
222520783
CY2021Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
185516394
CY2022Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-557541
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-476016
CY2022Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-2705252
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-4992450
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
219299974
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
180082561
CY2022Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
561821384
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
417961751
CY2022Q3 us-gaap Interest Income Debt Securities Operating
InterestIncomeDebtSecuritiesOperating
11545748
CY2021Q3 us-gaap Interest Income Debt Securities Operating
InterestIncomeDebtSecuritiesOperating
6094165
us-gaap Interest Income Debt Securities Operating
InterestIncomeDebtSecuritiesOperating
30490694
us-gaap Interest Income Debt Securities Operating
InterestIncomeDebtSecuritiesOperating
15307692
CY2022Q3 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
238225
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
4300615
us-gaap Net Income Loss
NetIncomeLoss
14632682
CY2021Q3 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
532163
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
586166
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
911005
CY2022Q3 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
523067
CY2021Q3 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
35983
us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
1112560
us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
90225
CY2022Q3 sach Origination And Modifications Fees Net
OriginationAndModificationsFeesNet
1669034
CY2021Q3 sach Origination And Modifications Fees Net
OriginationAndModificationsFeesNet
1268624
sach Origination And Modifications Fees Net
OriginationAndModificationsFeesNet
5759650
sach Origination And Modifications Fees Net
OriginationAndModificationsFeesNet
2788498
CY2022Q3 us-gaap Interest And Fee Income Other Loans
InterestAndFeeIncomeOtherLoans
641749
CY2021Q3 us-gaap Interest And Fee Income Other Loans
InterestAndFeeIncomeOtherLoans
591441
us-gaap Interest And Fee Income Other Loans
InterestAndFeeIncomeOtherLoans
2048921
us-gaap Interest And Fee Income Other Loans
InterestAndFeeIncomeOtherLoans
1851031
CY2022Q3 us-gaap Available For Sale Debt Securities Gross Unrealized Loss
AvailableForSaleDebtSecuritiesGrossUnrealizedLoss
1076836
us-gaap Available For Sale Debt Securities Gross Unrealized Loss
AvailableForSaleDebtSecuritiesGrossUnrealizedLoss
3607498
CY2022Q3 us-gaap Revenues
Revenues
13540987
CY2021Q3 us-gaap Revenues
Revenues
8522376
us-gaap Revenues
Revenues
36390493
us-gaap Revenues
Revenues
20948451
CY2022Q3 sach Interest And Amortization Of Debt Service Costs
InterestAndAmortizationOfDebtServiceCosts
5974975
CY2021Q3 sach Interest And Amortization Of Debt Service Costs
InterestAndAmortizationOfDebtServiceCosts
2589847
sach Interest And Amortization Of Debt Service Costs
InterestAndAmortizationOfDebtServiceCosts
15083228
sach Interest And Amortization Of Debt Service Costs
InterestAndAmortizationOfDebtServiceCosts
7541536
CY2022Q3 sach Compensation Fees And Taxes
CompensationFeesAndTaxes
1509518
CY2021Q3 sach Compensation Fees And Taxes
CompensationFeesAndTaxes
771373
sach Compensation Fees And Taxes
CompensationFeesAndTaxes
3691421
sach Compensation Fees And Taxes
CompensationFeesAndTaxes
2175603
CY2022Q3 us-gaap Other Expenses
OtherExpenses
90899
CY2021Q3 us-gaap Other Expenses
OtherExpenses
137607
us-gaap Other Expenses
OtherExpenses
320231
us-gaap Other Expenses
OtherExpenses
248581
CY2022Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
715994
CY2021Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
478484
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1993812
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1369328
CY2022Q3 sach Gain Loss On Sale Of Real Estate Properties
GainLossOnSaleOfRealEstateProperties
962
CY2021Q3 sach Gain Loss On Sale Of Real Estate Properties
GainLossOnSaleOfRealEstateProperties
94450
sach Gain Loss On Sale Of Real Estate Properties
GainLossOnSaleOfRealEstateProperties
-121381
sach Gain Loss On Sale Of Real Estate Properties
GainLossOnSaleOfRealEstateProperties
111545
CY2022Q3 us-gaap Asset Impairment Charges
AssetImpairmentCharges
195000
CY2021Q3 us-gaap Asset Impairment Charges
AssetImpairmentCharges
150000
us-gaap Asset Impairment Charges
AssetImpairmentCharges
790500
us-gaap Asset Impairment Charges
AssetImpairmentCharges
469000
CY2022Q3 us-gaap Costs And Expenses
CostsAndExpenses
8487348
CY2021Q3 us-gaap Costs And Expenses
CostsAndExpenses
4221761
us-gaap Costs And Expenses
CostsAndExpenses
21757811
us-gaap Costs And Expenses
CostsAndExpenses
11915593
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
5053639
CY2022Q3 us-gaap Dividends Preferred Stock
DividendsPreferredStock
921766
CY2022Q3 us-gaap Dividends Common Stock
DividendsCommonStock
5253923
us-gaap Net Income Loss
NetIncomeLoss
9032858
CY2022Q3 us-gaap Dividends Preferred Stock
DividendsPreferredStock
921766
CY2021Q3 us-gaap Dividends Preferred Stock
DividendsPreferredStock
913791
us-gaap Dividends Preferred Stock
DividendsPreferredStock
2765297
us-gaap Dividends Preferred Stock
DividendsPreferredStock
932089
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
4131873
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3386824
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
11867385
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
8100769
CY2022Q3 sach Oci Debt Securities Available For Sale Unrealized Holding Gain Loss After Tax
OciDebtSecuritiesAvailableForSaleUnrealizedHoldingGainLossAfterTax
-131569
CY2021Q3 sach Oci Debt Securities Available For Sale Unrealized Holding Gain Loss After Tax
OciDebtSecuritiesAvailableForSaleUnrealizedHoldingGainLossAfterTax
-500188
sach Oci Debt Securities Available For Sale Unrealized Holding Gain Loss After Tax
OciDebtSecuritiesAvailableForSaleUnrealizedHoldingGainLossAfterTax
-81525
sach Oci Debt Securities Available For Sale Unrealized Holding Gain Loss After Tax
OciDebtSecuritiesAvailableForSaleUnrealizedHoldingGainLossAfterTax
-611998
CY2022Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
4000304
CY2021Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
2886636
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
11785860
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
7488771
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.11
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.12
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.32
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.32
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.11
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.12
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.32
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.32
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38829610
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
27973249
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36723305
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24968885
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38829852
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
27977095
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
36729184
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24972837
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
205002995
CY2022Q3 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
15423583
CY2022Q3 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
127015
CY2022Q3 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
-131569
CY2022Q3 sach Profit Losses
ProfitLosses
5053639
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
219299974
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
146289404
CY2021Q3 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
8005079
CY2021Q3 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
64219
CY2021Q3 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
-500188
CY2021Q3 us-gaap Dividends Common Stock
DividendsCommonStock
3336756
CY2021Q3 us-gaap Dividends Preferred Stock
DividendsPreferredStock
913791
CY2021Q3 sach Profit Losses
ProfitLosses
4300615
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
158758082
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
180082561
us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
36654419
us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
357321
us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
-81525
us-gaap Dividends Preferred Stock
DividendsPreferredStock
2765297
us-gaap Dividends Common Stock
DividendsCommonStock
9580187
us-gaap Increase Decrease In Finance Receivables
IncreaseDecreaseInFinanceReceivables
1405352
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-153842
sach Profit Losses
ProfitLosses
14632682
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
14500
sach Increase Decrease In Accounts Payable And Accrued Liabilities Accrued Interest
IncreaseDecreaseInAccountsPayableAndAccruedLiabilitiesAccruedInterest
431110
sach Increase Decrease In Accounts Payable And Accrued Liabilities Accrued Interest
IncreaseDecreaseInAccountsPayableAndAccruedLiabilitiesAccruedInterest
-3344
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
219299974
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
80919540
us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
30883928
us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
126632
us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
-611998
us-gaap Dividends Common Stock
DividendsCommonStock
6123415
us-gaap Dividends Preferred Stock
DividendsPreferredStock
932089
sach Profit Losses
ProfitLosses
9032858
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
158758082
us-gaap Profit Loss
ProfitLoss
14632682
us-gaap Profit Loss
ProfitLoss
9032858
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1664822
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
839418
sach Write Off Of Deferred Financing Costs
WriteOffOfDeferredFinancingCosts
72806
us-gaap Depreciation
Depreciation
66533
us-gaap Depreciation
Depreciation
61286
us-gaap Share Based Compensation
ShareBasedCompensation
357321
us-gaap Share Based Compensation
ShareBasedCompensation
126632
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
790500
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
469000
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
121381
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
-111545
us-gaap Debt Securities Available For Sale Unrealized Gain Loss
DebtSecuritiesAvailableForSaleUnrealizedGainLoss
-3607498
us-gaap Debt Securities Available For Sale Unrealized Gain Loss
DebtSecuritiesAvailableForSaleUnrealizedGainLoss
212449
us-gaap Marketable Securities Realized Gain Loss
MarketableSecuritiesRealizedGainLoss
-148565
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
257845
sach Increase Decrease In Interest And Fees Receivable
IncreaseDecreaseInInterestAndFeesReceivable
2154704
sach Increase Decrease In Interest And Fees Receivable
IncreaseDecreaseInInterestAndFeesReceivable
885380
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
418176
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
361084
us-gaap Increase Decrease In Finance Receivables
IncreaseDecreaseInFinanceReceivables
1505785
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
53818
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-179992
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-171690
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
1779960
us-gaap Increase Decrease In Advance Payments By Borrowers For Taxes And Insurance
IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance
-5129286
us-gaap Increase Decrease In Advance Payments By Borrowers For Taxes And Insurance
IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance
8201117
us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
-2227013
us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
8341818
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
12405669
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
17374676
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
39715900
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
160896229
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
62160599
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
141709658
us-gaap Payments To Acquire Limited Partnership Interests
PaymentsToAcquireLimitedPartnershipInterests
16487103
us-gaap Payments To Acquire Limited Partnership Interests
PaymentsToAcquireLimitedPartnershipInterests
1804217
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
1571467
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
1839977
us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
101168
us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
333435
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1292160
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
817785
us-gaap Payments For Proceeds From Other Deposits
PaymentsForProceedsFromOtherDeposits
11416
sach Payments To Acquire Mortgage Receivable
PaymentsToAcquireMortgageReceivable
252370675
sach Payments To Acquire Mortgage Receivable
PaymentsToAcquireMortgageReceivable
154810007
sach Proceeds From Collection Of Mortgage Receivable
ProceedsFromCollectionOfMortgageReceivable
95173969
sach Proceeds From Collection Of Mortgage Receivable
ProceedsFromCollectionOfMortgageReceivable
90463016
sach Costs In Connection With Investment Activities
CostsInConnectionWithInvestmentActivities
166360
sach Costs In Connection With Investment Activities
CostsInConnectionWithInvestmentActivities
281191
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-151227331
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-84941629
sach Proceeds From Lines Of Credits
ProceedsFromLinesOfCredits
-29635178
sach Proceeds From Lines Of Credits
ProceedsFromLinesOfCredits
2000511
us-gaap Proceeds From Payments For In Securities Sold Under Agreements To Repurchase
ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase
24012957
us-gaap Repayments Of First Mortgage Bond
RepaymentsOfFirstMortgageBond
767508
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
20161
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
17184
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
13507787
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
8778392
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
2765297
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
932089
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
450651
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
36654419
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
30883928
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
45462626
sach Proceeds From Issuance Of Fixed Rate Notes
ProceedsFromIssuanceOfFixedRateNotes
122125000
sach Financing Costs Incurred In Connection With Fixed Rate Notes
FinancingCostsIncurredInConnectionWithFixedRateNotes
4516931
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
132347022
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
67401241
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-6474640
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-165712
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
41938897
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
19408028
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
35464257
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
19242316
us-gaap Interest Paid Net
InterestPaidNet
13012805
us-gaap Interest Paid Net
InterestPaidNet
6745109
CY2022Q3 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
1091348
sach Gain Loss On Sale Of Real Estate Properties
GainLossOnSaleOfRealEstateProperties
111545
CY2022Q3 sach Number Of Real Estate Properties Held For Rental
NumberOfRealEstatePropertiesHeldForRental
1
us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">Use of Estimates</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Management bases its estimates on (a) various assumptions that consider its experience, (b) the Company’s projections regarding future operations and (c) general financial market and local and general economic conditions. Actual amounts could materially differ from those estimates.</p>
sach Real Estate Lease Term
RealEstateLeaseTerm
P5Y
CY2022Q3 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
34351374
CY2022Q3 sach Real Estate Owned Fair Value Disclosure
RealEstateOwnedFairValueDisclosure
5615940
CY2021Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2022Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2022Q3 sach Gain Loss On Sale Of Real Estate Properties
GainLossOnSaleOfRealEstateProperties
962
sach Change In Oci From Available For Sale Unrealized Holding Gain Loss After Tax
ChangeInOciFromAvailableForSaleUnrealizedHoldingGainLossAfterTax
81525
sach Change In Oci From Available For Sale Unrealized Holding Gain Loss After Tax
ChangeInOciFromAvailableForSaleUnrealizedHoldingGainLossAfterTax
611998
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><b style="font-weight:bold;">Reclassifications</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">Certain amounts included in the September 30, 2021 and December 31, 2021 financial statements have been reclassified to conform to the September 30, 2022 presentation.</p>
CY2022Q3 sach Stocks And Exchange Traded Funds Fair Value Disclosure
StocksAndExchangeTradedFundsFairValueDisclosure
9135577
CY2022Q3 sach Mutual Funds Fair Value Disclosure
MutualFundsFairValueDisclosure
25215797
CY2022Q2 us-gaap Debt Securities Available For Sale Accumulated Gross Unrealized Gain Loss Before Tax
DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax
425972
CY2021Q2 us-gaap Debt Securities Available For Sale Accumulated Gross Unrealized Gain Loss Before Tax
DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax
137802
CY2021Q4 us-gaap Debt Securities Available For Sale Accumulated Gross Unrealized Gain Loss Before Tax
DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax
476016
CY2020Q4 us-gaap Debt Securities Available For Sale Accumulated Gross Unrealized Gain Loss Before Tax
DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax
25992
CY2022Q3 sach Oci Debt Securities Available For Sale Unrealized Holding Gain Loss After Tax
OciDebtSecuritiesAvailableForSaleUnrealizedHoldingGainLossAfterTax
-131569
CY2021Q3 sach Oci Debt Securities Available For Sale Unrealized Holding Gain Loss After Tax
OciDebtSecuritiesAvailableForSaleUnrealizedHoldingGainLossAfterTax
-500188
sach Oci Debt Securities Available For Sale Unrealized Holding Gain Loss After Tax
OciDebtSecuritiesAvailableForSaleUnrealizedHoldingGainLossAfterTax
-81525
sach Oci Debt Securities Available For Sale Unrealized Holding Gain Loss After Tax
OciDebtSecuritiesAvailableForSaleUnrealizedHoldingGainLossAfterTax
-611998
CY2022Q3 sach Change In Oci From Available For Sale Unrealized Holding Gain Loss After Tax
ChangeInOciFromAvailableForSaleUnrealizedHoldingGainLossAfterTax
131569
CY2021Q3 sach Change In Oci From Available For Sale Unrealized Holding Gain Loss After Tax
ChangeInOciFromAvailableForSaleUnrealizedHoldingGainLossAfterTax
500188
sach Number Of Real Estate Properties Sold Held For Sale
NumberOfRealEstatePropertiesSoldHeldForSale
5
sach Gain Loss On Sale Of Real Estate Properties
GainLossOnSaleOfRealEstateProperties
-121381
CY2021Q3 sach Number Of Real Estate Properties Sold Held For Sale
NumberOfRealEstatePropertiesSoldHeldForSale
4
CY2021Q3 sach Gain Loss On Sale Of Real Estate Properties
GainLossOnSaleOfRealEstateProperties
94450
CY2022Q3 us-gaap Debt Securities Available For Sale Accumulated Gross Unrealized Gain Loss Before Tax
DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax
557541
CY2021Q3 us-gaap Debt Securities Available For Sale Accumulated Gross Unrealized Gain Loss Before Tax
DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax
637990
CY2022Q3 us-gaap Debt Securities Available For Sale Accumulated Gross Unrealized Gain Loss Before Tax
DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax
557541
CY2021Q3 us-gaap Debt Securities Available For Sale Accumulated Gross Unrealized Gain Loss Before Tax
DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax
637990
sach Payments To Acquire Mortgage Receivable
PaymentsToAcquireMortgageReceivable
252370675
sach Payments To Acquire Mortgage Receivable
PaymentsToAcquireMortgageReceivable
154810007
sach Proceeds From Collection Of Mortgage Receivable
ProceedsFromCollectionOfMortgageReceivable
95173969
sach Proceeds From Collection Of Mortgage Receivable
ProceedsFromCollectionOfMortgageReceivable
90463016
CY2022Q3 srt Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
26117118
sach Mortgage Loans On Real Estate Default Interest Rate
MortgageLoansOnRealEstateDefaultInterestRate
0.18
sach Impairment Loss On Mortgage Loans Receivable
ImpairmentLossOnMortgageLoansReceivable
105000
sach Impairment Loss On Mortgage Loans Receivable
ImpairmentLossOnMortgageLoansReceivable
0
CY2021Q4 us-gaap Mortgage Loans On Real Estate Commercial And Consumer Net
MortgageLoansOnRealEstateCommercialAndConsumerNet
292301209
CY2022Q3 us-gaap Mortgage Loans On Real Estate Commercial And Consumer Net
MortgageLoansOnRealEstateCommercialAndConsumerNet
448524665
CY2022Q3 sach Maturities Of Mortgage Receivable Year One
MaturitiesOfMortgageReceivableYearOne
90968755
CY2022Q3 sach Maturities Of Mortgage Receivable Year Two
MaturitiesOfMortgageReceivableYearTwo
286239279
CY2022Q3 sach Maturities Of Mortgage Receivable Year Three
MaturitiesOfMortgageReceivableYearThree
68108899
CY2022Q3 sach Maturities Of Mortgage Receivable Year Four
MaturitiesOfMortgageReceivableYearFour
1049500
CY2022Q3 sach Maturities Of Mortgage Receivable Year Five And Thereafter
MaturitiesOfMortgageReceivableYearFiveAndThereafter
2158232
CY2022Q3 us-gaap Mortgage Loans On Real Estate Commercial And Consumer Net
MortgageLoansOnRealEstateCommercialAndConsumerNet
448524665
CY2022Q3 sach Number Of Mortgage Loans Receivables Past Maturity Due
NumberOfMortgageLoansReceivablesPastMaturityDue
92
CY2022Q3 sach Mortgage Receivable Past Due
MortgageReceivablePastDue
45000000.0
srt Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
477
sach Mortgage Loans In Process Of Foreclosure
MortgageLoansInProcessOfForeclosure
44
CY2022Q3 sach Accrued Interest And Borrower Charges
AccruedInterestAndBorrowerCharges
21400000
sach Number Of Real Estate Properties Sold Held For Sale
NumberOfRealEstatePropertiesSoldHeldForSale
6
CY2022Q3 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
5615940
CY2021Q3 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
6774522
CY2022Q3 us-gaap Real Estate Owned Valuation Allowance
RealEstateOwnedValuationAllowance
0
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
685500
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
469000
CY2022Q3 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
195000
CY2021Q3 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
150000
CY2022Q3 us-gaap Rental Properties
RentalProperties
800053
CY2022Q3 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
4815887
CY2021Q3 us-gaap Rental Properties
RentalProperties
916325
CY2021Q3 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
5858197
CY2022Q3 sach Number Of Real Estate Properties Sold Held For Sale
NumberOfRealEstatePropertiesSoldHeldForSale
2
CY2022Q3 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
53200
CY2022Q3 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
53200
CY2022Q3 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
53200
CY2022Q3 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
53200
CY2022Q3 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
212800
CY2022Q3 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
117449
CY2021Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
271291
CY2022Q3 us-gaap Other Receivables
OtherReceivables
512284
CY2021Q4 us-gaap Other Receivables
OtherReceivables
94108
CY2022Q3 us-gaap Other Assets Current
OtherAssetsCurrent
472800
CY2021Q4 us-gaap Other Assets Current
OtherAssetsCurrent
306440
CY2022Q3 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
19809
CY2021Q4 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
264451
CY2022Q3 us-gaap Other Assets
OtherAssets
1122342
CY2021Q4 us-gaap Other Assets
OtherAssets
936290
sach Debt Instrument Number Of First Line Mortgage Loans
DebtInstrumentNumberOfFirstLineMortgageLoans
32
sach Gross Proceeds From Sale Of Securities
GrossProceedsFromSaleOfSecurities
159700000
sach Net Proceeds From Sale Of Securities
NetProceedsFromSaleOfSecurities
154300000
sach Debt Instrument Number Of Series Of Unsecured Unsubordinated Loans
DebtInstrumentNumberOfSeriesOfUnsecuredUnsubordinatedLoans
7
CY2022Q3 sach Notes Issued Denomination
NotesIssuedDenomination
25.00
sach Threshold Percentage Of Taxable Income To Prohibit Distribution
ThresholdPercentageOfTaxableIncomeToProhibitDistribution
0.90
sach Threshold Asset Coverage Ratio
ThresholdAssetCoverageRatio
1.50
sach Period Of Written Notice To Redeem Notes Without Premium Or Penalty
PeriodOfWrittenNoticeToRedeemNotesWithoutPremiumOrPenalty
P30D
CY2022Q3 sach Accounts Payable And Accrued Liabilities Other Than Notes And Interest
AccountsPayableAndAccruedLiabilitiesOtherThanNotesAndInterest
555571
CY2021Q4 sach Accounts Payable And Accrued Liabilities Other Than Notes And Interest
AccountsPayableAndAccruedLiabilitiesOtherThanNotesAndInterest
501753
CY2022Q3 us-gaap Other Notes Payable
OtherNotesPayable
10760
CY2021Q4 us-gaap Other Notes Payable
OtherNotesPayable
30921
CY2022Q3 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
595839
CY2021Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
164729
CY2022Q3 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
1162170
CY2021Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
697403
CY2022Q3 sach Late And Other Fees Income
LateAndOtherFeesIncome
92098
CY2021Q3 sach Late And Other Fees Income
LateAndOtherFeesIncome
202572
sach Late And Other Fees Income
LateAndOtherFeesIncome
338638
sach Late And Other Fees Income
LateAndOtherFeesIncome
300471
CY2022Q3 sach Income From Processing Fees
IncomeFromProcessingFees
37480
CY2021Q3 sach Income From Processing Fees
IncomeFromProcessingFees
50230
sach Income From Processing Fees
IncomeFromProcessingFees
165950
sach Income From Processing Fees
IncomeFromProcessingFees
129615
CY2022Q3 sach Rental Income Loss Net
RentalIncomeLossNet
8867
CY2021Q3 sach Rental Income Loss Net
RentalIncomeLossNet
28320
sach Rental Income Loss Net
RentalIncomeLossNet
37067
sach Rental Income Loss Net
RentalIncomeLossNet
23105
CY2022Q3 sach Extension Fees
ExtensionFees
212608
CY2021Q3 sach Extension Fees
ExtensionFees
86671
sach Extension Fees
ExtensionFees
415128
sach Extension Fees
ExtensionFees
232886
CY2022Q3 sach Other Fees
OtherFees
124292
CY2021Q3 sach Other Fees
OtherFees
55025
sach Other Fees
OtherFees
259542
sach Other Fees
OtherFees
150094
CY2022Q3 sach Income From Legal Fees
IncomeFromLegalFees
91115
CY2021Q3 sach Income From Legal Fees
IncomeFromLegalFees
69800
sach Income From Legal Fees
IncomeFromLegalFees
253055
sach Income From Legal Fees
IncomeFromLegalFees
181600
CY2022Q3 us-gaap Other Income
OtherIncome
75289
CY2021Q3 us-gaap Other Income
OtherIncome
98823
us-gaap Other Income
OtherIncome
579541
us-gaap Other Income
OtherIncome
833260
CY2022Q3 us-gaap Interest And Fee Income Other Loans
InterestAndFeeIncomeOtherLoans
641749
CY2021Q3 us-gaap Interest And Fee Income Other Loans
InterestAndFeeIncomeOtherLoans
591441
us-gaap Interest And Fee Income Other Loans
InterestAndFeeIncomeOtherLoans
2048921
us-gaap Interest And Fee Income Other Loans
InterestAndFeeIncomeOtherLoans
1851031
CY2022Q3 us-gaap Deferred Revenue
DeferredRevenue
4471800
sach Employment Agreements Description
EmploymentAgreementsDescription
(i) the employment term is five years with extensions for successive one-year periods unless either party provides written notice at least 180 days prior to the next anniversary date of its intention to not renew the agreement; (ii) a base salary of $260,000, which was increased in April 2018, April 2021 and April 2022 to $360,000, $500,000 and $750,000, respectively; (iii) incentive compensation in such amount as determined by the Compensation Committee of the Company’s Board of Directors; (iv) participation in the Company’s employee benefit plans; (v) full indemnification to the extent permitted by law; (vi) a two-year non-competition period following the termination of employment without cause; and (vii) payments upon termination of employment or a change in control. In April 2022, the Company granted 98,425 restricted common shares (having a market value of approximately $500,000) to Mr. Villano. One-third of such shares will vest on January 1, 2023, and an additional one-third will vest on each of January 1, 2024 and 2025.
CY2022Q3 us-gaap Officers Compensation
OfficersCompensation
325000
sach Number Of Mortgage Properties
NumberOfMortgageProperties
4
CY2022Q3 sach Amount Of Mortgage Receivable
AmountOfMortgageReceivable
236000
CY2017Q1 sach Number Of Public Offerings
NumberOfPublicOfferings
2
CY2018Q2 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
0.03
us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
71925
us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
46276
CY2022Q3 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
21924
CY2021Q3 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
13814
CY2022Q3 sach Investment In Partnership Total Representing Three Limited Liability Companies
InvestmentInPartnershipTotalRepresentingThreeLimitedLiabilityCompanies
22500000
CY2022Q3 sach Investment In Partnership Total Representing Three Limited Liability Companies
InvestmentInPartnershipTotalRepresentingThreeLimitedLiabilityCompanies
4
CY2022Q3 sach Investment In Partnership Total Representing Three Limited Liability Companies
InvestmentInPartnershipTotalRepresentingThreeLimitedLiabilityCompanies
4
CY2022Q3 sach Equity Securities Fvni Gain Loss.
EquitySecuritiesFvniGainLoss.
523067
sach Equity Securities Fvni Gain Loss.
EquitySecuritiesFvniGainLoss.
1112560
CY2022Q3 sach Unfunded Partnership Commitments
UnfundedPartnershipCommitments
3600000
sach Legal Fees And Registration Related Costs
LegalFeesAndRegistrationRelatedCosts
472800

Files In Submission

Name View Source Status
0001410578-22-003110-index-headers.html Edgar Link pending
0001410578-22-003110-index.html Edgar Link pending
0001410578-22-003110.txt Edgar Link pending
0001410578-22-003110-xbrl.zip 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
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
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
sach-20220930.xsd Edgar Link pending
sach-20220930x10q.htm Edgar Link pending
sach-20220930xex31d1.htm Edgar Link pending
sach-20220930xex31d2.htm Edgar Link pending
sach-20220930xex32d1.htm Edgar Link pending
sach-20220930xex32d2.htm Edgar Link pending
Show.js Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
sach-20220930_lab.xml Edgar Link unprocessable
sach-20220930_cal.xml Edgar Link unprocessable
sach-20220930_def.xml Edgar Link unprocessable
sach-20220930_pre.xml Edgar Link unprocessable
sach-20220930x10q_htm.xml Edgar Link completed