$SACH
Sachem Capital Corp.

2023 Q3 Form 10-Q Financial Statement

#000141057823001900 Filed on August 14, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2 2022 Q2
Revenue $17.53M $16.46M $12.53M
YoY Change 29.49% 31.35% 86.63%
Cost Of Revenue $7.680M $7.139M $5.222M
YoY Change 28.54% 36.7% 4.94%
Gross Profit $9.850M $9.319M $7.308M
YoY Change 30.19% 27.53% 1.54%
Gross Profit Margin 56.18% 56.62% 58.32%
Selling, General & Admin $3.060M $2.880M $1.834M
YoY Change 37.5% 57.04% -20.1%
% of Gross Profit 31.07% 30.9% 25.09%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $60.00K $69.37K $22.24K
YoY Change 172.11% 211.92% 4.59%
% of Gross Profit 0.61% 0.74% 0.3%
Operating Expenses $3.270M $3.188M $1.933M
YoY Change 41.17% 64.88% -18.99%
Operating Profit $6.580M $6.132M $5.374M
YoY Change 25.34% 14.09% 11.72%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $336.5K $212.8K $130.1K
YoY Change 270.17% 63.63%
Pretax Income $6.190M $5.698M $5.228M
YoY Change 22.49% 9.0% 10.47%
Income Tax $0.00 $0.00
% Of Pretax Income 0.0% 0.0%
Net Earnings $6.190M $5.698M $5.228M
YoY Change 22.49% 9.0% 106.55%
Net Earnings / Revenue 35.3% 34.62% 41.72%
Basic Earnings Per Share $0.12 $0.11 $0.12
Diluted Earnings Per Share $0.12 $0.11 $143.7K
COMMON SHARES
Basic Shares Outstanding 45.35M 43.89M 0.000
Diluted Shares Outstanding 44.75M 43.84M 36.37M

Balance Sheet

Concept 2023 Q3 2023 Q2 2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $25.80M $15.13M $29.13M
YoY Change -27.25% -48.06% -53.19%
Cash & Equivalents $25.81M $15.13M $29.13M
Short-Term Investments
Other Short-Term Assets $4.724K $567.5K $170.1K
YoY Change -99.0% 233.55% 10.67%
Inventory
Prepaid Expenses
Receivables $7.900M $7.736M $5.213M
Other Receivables $11.80M $10.77M $5.139M
Total Short-Term Assets $45.70M $33.89M $39.65M
YoY Change -2.55% -14.54% -40.67%
LONG-TERM ASSETS
Property, Plant & Equipment $3.434M $4.535M $2.943M
YoY Change 1.05% 54.08% 35.69%
Goodwill $391.0K $391.0K
YoY Change
Intangibles
YoY Change
Long-Term Investments $87.40M $72.60M $54.00M
YoY Change 53.62% 34.45% 16.51%
Other Assets $700.0K $267.9K $45.42K
YoY Change 3433.57% 489.92% -48.51%
Total Long-Term Assets $592.1M $590.1M $485.7M
YoY Change 15.0% 21.5% 111.66%
TOTAL ASSETS
Total Short-Term Assets $45.70M $33.89M $39.65M
Total Long-Term Assets $592.1M $590.1M $485.7M
Total Assets $637.8M $624.0M $525.4M
YoY Change 13.53% 18.78% 77.3%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.200M $1.632M $177.9K
YoY Change 115.99% 817.35% -43.66%
Accrued Expenses $400.0K $492.3K $466.2K
YoY Change -32.87% 5.6% 2447.65%
Deferred Revenue
YoY Change
Short-Term Debt $51.30M $35.90M $23.41M
YoY Change 1347.99% 53.38% -31.71%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $65.90M $50.61M $35.39M
YoY Change 350.41% 43.02% -5.91%
LONG-TERM LIABILITIES
Long-Term Debt $330.8M $339.6M $280.4M
YoY Change 2.28% 21.12% 154.43%
Other Long-Term Liabilities $5.600M $4.816M $4.628M
YoY Change 25.23% 4.06% 107.49%
Total Long-Term Liabilities $336.4M $344.4M $285.0M
YoY Change 2.6% 20.84% 153.5%
TOTAL LIABILITIES
Total Short-Term Liabilities $65.90M $50.61M $35.39M
Total Long-Term Liabilities $336.4M $344.4M $285.0M
Total Liabilities $402.3M $395.0M $320.4M
YoY Change 17.46% 23.29% 113.54%
SHAREHOLDERS EQUITY
Retained Earnings -$7.894M -$7.222M
YoY Change 191.79%
Common Stock $45.36K $43.82K
YoY Change 13.18%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $235.5M $229.0M $205.0M
YoY Change
Total Liabilities & Shareholders Equity $637.8M $624.0M $525.4M
YoY Change 13.53% 18.78% 77.3%

Cashflow Statement

Concept 2023 Q3 2023 Q2 2022 Q2
OPERATING ACTIVITIES
Net Income $6.190M $5.698M $5.228M
YoY Change 22.49% 9.0% 106.55%
Depreciation, Depletion And Amortization $60.00K $69.37K $22.24K
YoY Change 172.11% 211.92% 4.59%
Cash From Operating Activities $6.850M $7.076M -$223.6K
YoY Change 35.0% -3263.74% -106.68%
INVESTING ACTIVITIES
Capital Expenditures -$690.0K $88.61K -$654.3K
YoY Change 23.64% -113.54% -24.5%
Acquisitions
YoY Change
Other Investing Activities -$3.110M -$31.12M -$71.47M
YoY Change -89.67% -56.46% 200.5%
Cash From Investing Activities -$2.420M -$31.20M -$72.12M
YoY Change -92.11% -56.74% 192.59%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 6.240M 18.92M 43.62M
YoY Change -80.45% -56.61% -33.09%
NET CHANGE
Cash From Operating Activities 6.850M 7.076M -223.6K
Cash From Investing Activities -2.420M -31.20M -72.12M
Cash From Financing Activities 6.240M 18.92M 43.62M
Net Change In Cash 10.67M -5.204M -28.73M
YoY Change 68.46% -81.89% -165.48%
FREE CASH FLOW
Cash From Operating Activities $6.850M $7.076M -$223.6K
Capital Expenditures -$690.0K $88.61K -$654.3K
Free Cash Flow $7.540M $6.987M $430.6K
YoY Change 33.87% 1522.57% -89.78%

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CY2023Q2 us-gaap Stock Granted During Period Value Sharebased Compensation
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CY2023Q2 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
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CY2023Q2 us-gaap Dividends Preferred Stock
DividendsPreferredStock
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CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
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CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2022Q2 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
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CY2022Q2 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
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CY2022Q2 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
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CY2022Q2 us-gaap Dividends Preferred Stock
DividendsPreferredStock
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CY2022Q2 us-gaap Dividends Common Stock
DividendsCommonStock
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CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
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CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
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us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
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StockIssuedDuringPeriodValueOther
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us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
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StockGrantedDuringPeriodValueSharebasedCompensation
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UnrealizedGainLossOnInvestments
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DividendsCommonStock
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us-gaap Net Income Loss
NetIncomeLoss
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CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
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us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
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us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
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us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
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us-gaap Dividends Preferred Stock
DividendsPreferredStock
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us-gaap Dividends Common Stock
DividendsCommonStock
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us-gaap Net Income Loss
NetIncomeLoss
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CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
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us-gaap Profit Loss
ProfitLoss
10818259
us-gaap Profit Loss
ProfitLoss
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us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
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us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
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us-gaap Depreciation
Depreciation
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us-gaap Depreciation
Depreciation
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us-gaap Share Based Compensation
ShareBasedCompensation
395709
us-gaap Share Based Compensation
ShareBasedCompensation
230167
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
196447
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
105000
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
412500
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
490500
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
126861
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
122343
us-gaap Debt Securities Available For Sale Unrealized Gain Loss
DebtSecuritiesAvailableForSaleUnrealizedGainLoss
600600
us-gaap Debt Securities Available For Sale Unrealized Gain Loss
DebtSecuritiesAvailableForSaleUnrealizedGainLoss
-2530662
us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
-24285
us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
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sach Increase Decrease In Interest And Fees Receivable
IncreaseDecreaseInInterestAndFeesReceivable
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sach Increase Decrease In Interest And Fees Receivable
IncreaseDecreaseInInterestAndFeesReceivable
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IncreaseDecreaseInOtherReceivables
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us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
393624
us-gaap Increase Decrease In Finance Receivables
IncreaseDecreaseInFinanceReceivables
1521226
us-gaap Increase Decrease In Finance Receivables
IncreaseDecreaseInFinanceReceivables
1102371
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-163617
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-101149
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
168919
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-323887
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
455250
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-15493
us-gaap Increase Decrease In Advance Payments By Borrowers For Taxes And Insurance
IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance
2694274
us-gaap Increase Decrease In Advance Payments By Borrowers For Taxes And Insurance
IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance
-3729817
us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
1266845
us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
-2247577
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
12085104
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
7331466
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
18346504
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
36088438
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
6560095
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
59710599
us-gaap Payments To Acquire Limited Partnership Interests
PaymentsToAcquireLimitedPartnershipInterests
4568010
us-gaap Payments To Acquire Limited Partnership Interests
PaymentsToAcquireLimitedPartnershipInterests
13561132
us-gaap Payments For Proceeds From Real Estate Heldforinvestment
PaymentsForProceedsFromRealEstateHeldforinvestment
-191274
us-gaap Payments For Proceeds From Real Estate Heldforinvestment
PaymentsForProceedsFromRealEstateHeldforinvestment
-1397502
sach Payments To Acquire Real Estate Held For Investments
PaymentsToAcquireRealEstateHeldForInvestments
180146
sach Payments To Acquire Real Estate Held For Investments
PaymentsToAcquireRealEstateHeldForInvestments
19917
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
722487
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
815339
sach Payments To Acquire Mortgage Receivable
PaymentsToAcquireMortgageReceivable
114468454
sach Payments To Acquire Mortgage Receivable
PaymentsToAcquireMortgageReceivable
191971926
sach Proceeds From Collection Of Mortgage Receivable
ProceedsFromCollectionOfMortgageReceivable
66355505
sach Proceeds From Collection Of Mortgage Receivable
ProceedsFromCollectionOfMortgageReceivable
60895362
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-19927
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
114244
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-65158800
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-120567533
sach Proceeds From Lines Of Credits
ProceedsFromLinesOfCredits
32312843
sach Proceeds From Lines Of Credits
ProceedsFromLinesOfCredits
-9771376
us-gaap Proceeds From Payments For In Securities Sold Under Agreements To Repurchase
ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase
7976139
us-gaap Proceeds From Payments For In Securities Sold Under Agreements To Repurchase
ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase
20285241
us-gaap Proceeds From Issuance Of First Mortgage Bond
ProceedsFromIssuanceOfFirstMortgageBond
899167
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
6014
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
13281
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
11048257
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
8253864
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
1849525
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
1843531
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
9690580
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
21230975
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
226327
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
516977
sach Proceeds From Issuance Of Fixed Rate Notes
ProceedsFromIssuanceOfFixedRateNotes
81875000
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
6224000
sach Financing Costs Incurred In Connection With Fixed Rate Notes
FinancingCostsIncurredInConnectionWithFixedRateNotes
3081500
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
44489583
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
100427664
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-8584113
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-12808403
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
23713097
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
41938897
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
15128984
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
29130494
us-gaap Interest Paid Net
InterestPaidNet
12662617
us-gaap Interest Paid Net
InterestPaidNet
7710686
CY2023Q2 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
1186663
CY2022Q2 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
1091348
us-gaap Transfer Of Other Real Estate
TransferOfOtherRealEstate
1307112
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
105000
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
172000
CY2023Q2 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
2198000
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 are based on experience, (b) projections regarding future operations and (c) general financial market and local and general economic conditions. Actual amounts could materially differ from those estimates.</p>
CY2023Q2 sach Loan Pre Foreclosure Amount
LoanPreForeclosureAmount
50000000.0
CY2022Q4 sach Loan Pre Foreclosure Amount
LoanPreForeclosureAmount
24000000.0
CY2023Q2 sach Loan Pre Foreclosure Amount On Allowance For Credit Loss
LoanPreForeclosureAmountOnAllowanceForCreditLoss
0
CY2022Q4 sach Loan Pre Foreclosure Amount On Allowance For Credit Loss
LoanPreForeclosureAmountOnAllowanceForCreditLoss
0
CY2023Q2 sach Mortgages Receivable For Allowances Of Credit Losses
MortgagesReceivableForAllowancesOfCreditLosses
2200000
CY2023Q1 sach Mortgages Receivable For Allowances Of Credit Losses
MortgagesReceivableForAllowancesOfCreditLosses
1900000
sach Increase Decrease In Mortgages Receivable For Allowance Of Credit Losses
IncreaseDecreaseInMortgagesReceivableForAllowanceOfCreditLosses
300000
CY2023Q2 sach Interest And Fees Receivable For Allowances Of Credit Losses
InterestAndFeesReceivableForAllowancesOfCreditLosses
29100
CY2023Q1 sach Interest And Fees Receivable For Allowances Of Credit Losses
InterestAndFeesReceivableForAllowancesOfCreditLosses
26100
sach Increase Decrease In Interest And Fees Receivable For Allowance Of Credit Losses
IncreaseDecreaseInInterestAndFeesReceivableForAllowanceOfCreditLosses
3000
CY2023Q2 sach Allowance For Credit Losses Due From Borrowers
AllowanceForCreditLossesDueFromBorrowers
32300
CY2023Q1 sach Allowance For Credit Losses Due From Borrowers
AllowanceForCreditLossesDueFromBorrowers
19900
us-gaap Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
12400
CY2023Q2 sach Unfunded Commitments For Allowances Of Credit Losses
UnfundedCommitmentsForAllowancesOfCreditLosses
531500
CY2023Q1 sach Unfunded Commitments For Allowances Of Credit Losses
UnfundedCommitmentsForAllowancesOfCreditLosses
522000
sach Increase In Unfunded Commitments For Allowances Of Credit Losses
IncreaseInUnfundedCommitmentsForAllowancesOfCreditLosses
9500
CY2023Q2 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
508851000
CY2023Q2 sach Financing Receivable Percentage Of Portfolio
FinancingReceivablePercentageOfPortfolio
1.0000
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
460738000
CY2022Q4 sach Financing Receivable Percentage Of Portfolio
FinancingReceivablePercentageOfPortfolio
1.0000
CY2023Q2 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
2198000
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
105000
CY2023Q2 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
506653000
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
460633000
CY2022Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2023Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
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 June 30, 2022 and December 31, 2022 consolidated financial statements have been reclassified to conform to the June 30, 2023 presentation.</p>
CY2023Q2 sach Stocks And Exchange Traded Funds Fair Value Disclosure
StocksAndExchangeTradedFundsFairValueDisclosure
1204857
CY2023Q2 sach Mutual Funds Fair Value Disclosure
MutualFundsFairValueDisclosure
15429261
CY2023Q2 us-gaap Debt Securities
DebtSecurities
19567002
CY2023Q2 sach Convertible Preferred Equity Security Fair Value Disclosure
ConvertiblePreferredEquitySecurityFairValueDisclosure
1000000
CY2023Q2 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
37201120
CY2023Q2 sach Real Estate Owned Fair Value Disclosure
RealEstateOwnedFairValueDisclosure
4998934
CY2022Q4 sach Stocks And Exchange Traded Funds Fair Value Disclosure
StocksAndExchangeTradedFundsFairValueDisclosure
4728724
CY2022Q4 sach Mutual Funds Fair Value Disclosure
MutualFundsFairValueDisclosure
14850839
CY2022Q4 us-gaap Debt Securities
DebtSecurities
4996899
CY2022Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
24576462
CY2022Q4 sach Real Estate Owned Fair Value Disclosure
RealEstateOwnedFairValueDisclosure
5216149
CY2023Q2 us-gaap Debt Securities Available For Sale Excluding Accrued Interest Current
DebtSecuritiesAvailableForSaleExcludingAccruedInterestCurrent
645000
CY2022Q4 us-gaap Debt Securities Available For Sale Excluding Accrued Interest Current
DebtSecuritiesAvailableForSaleExcludingAccruedInterestCurrent
531000
CY2023Q2 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
508851000
CY2023Q2 sach Financing Receivable Percentage Of Portfolio
FinancingReceivablePercentageOfPortfolio
1.0000
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
460738000
CY2023Q1 us-gaap Debt Securities Available For Sale Accumulated Gross Unrealized Gain Loss Before Tax
DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax
469853
CY2022Q1 us-gaap Debt Securities Available For Sale Accumulated Gross Unrealized Gain Loss Before Tax
DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax
233208
CY2022Q4 us-gaap Debt Securities Available For Sale Accumulated Gross Unrealized Gain Loss Before Tax
DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax
561490
CY2021Q4 us-gaap Debt Securities Available For Sale Accumulated Gross Unrealized Gain Loss Before Tax
DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax
476016
CY2023Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-93775
CY2022Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
192764
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-185412
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-50044
CY2023Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
-93775
CY2022Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
192764
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
-185412
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
-50044
CY2023Q2 us-gaap Debt Securities Available For Sale Accumulated Gross Unrealized Gain Loss Before Tax
DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax
376078
CY2022Q2 us-gaap Debt Securities Available For Sale Accumulated Gross Unrealized Gain Loss Before Tax
DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax
425972
CY2023Q2 us-gaap Debt Securities Available For Sale Accumulated Gross Unrealized Gain Loss Before Tax
DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax
376078
CY2022Q2 us-gaap Debt Securities Available For Sale Accumulated Gross Unrealized Gain Loss Before Tax
DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax
425972
sach Payments To Acquire Mortgage Receivable
PaymentsToAcquireMortgageReceivable
114468454
sach Payments To Acquire Mortgage Receivable
PaymentsToAcquireMortgageReceivable
191971926
sach Proceeds From Collection Of Mortgage Receivable
ProceedsFromCollectionOfMortgageReceivable
66355505
sach Proceeds From Collection Of Mortgage Receivable
ProceedsFromCollectionOfMortgageReceivable
60895362
CY2023Q2 srt Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
34.0
sach Mortgage Loans On Real Estate Default Interest Rate
MortgageLoansOnRealEstateDefaultInterestRate
0.18
CY2022Q4 sach Financing Receivable Percentage Of Portfolio
FinancingReceivablePercentageOfPortfolio
1.0000
CY2023Q2 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
2198000
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
105000
CY2023Q2 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
506653000
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
460633000
CY2023Q2 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
508851000
CY2023Q2 srt Financing Receivable Before Allowance For Credit Loss To Total Percent
FinancingReceivableBeforeAllowanceForCreditLossToTotalPercent
1.0000
CY2023Q2 us-gaap Financing Receivable Excluding Accrued Interest Year Two Originated Fiscal Year Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearTwoOriginatedFiscalYearBeforeCurrentFiscalYear
28669000
CY2023Q2 us-gaap Financing Receivable Excluding Accrued Interest Year Three Originated Two Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearThreeOriginatedTwoYearsBeforeCurrentFiscalYear
199102000
CY2023Q2 us-gaap Financing Receivable Excluding Accrued Interest Year Five Originated Four Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearFiveOriginatedFourYearsBeforeCurrentFiscalYear
33028000
CY2023Q2 us-gaap Financing Receivable Excluding Accrued Interest Originated More Than Five Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestOriginatedMoreThanFiveYearsBeforeCurrentFiscalYear
29674000
CY2023Q2 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
2198000
CY2023Q2 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
506653000
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
460738000
CY2022Q4 srt Financing Receivable Before Allowance For Credit Loss To Total Percent
FinancingReceivableBeforeAllowanceForCreditLossToTotalPercent
1.0000
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Year Two Originated Fiscal Year Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearTwoOriginatedFiscalYearBeforeCurrentFiscalYear
206845000
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Year Three Originated Two Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearThreeOriginatedTwoYearsBeforeCurrentFiscalYear
184413000
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Year Four Originated Three Years Before Current Fiscal Year
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FinancingReceivableExcludingAccruedInterestOriginatedMoreThanFiveYearsBeforeCurrentFiscalYear
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FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
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CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
460633000
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FinancingReceivableBeforeAllowanceForCreditLossMaturityYearOne
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FinancingReceivableBeforeAllowanceForCreditLossMaturityYearOne
372964665
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FinancingReceivableBeforeAllowanceForCreditLossMaturityYearTwo
250299189
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FinancingReceivableBeforeAllowanceForCreditLossMaturityYearTwo
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FinancingReceivableBeforeAllowanceForCreditLossMaturityYearThree
20907195
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FinancingReceivableBeforeAllowanceForCreditLossMaturityYearThree
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FinancingReceivableBeforeAllowanceForCreditLossMaturityYearFour
7780000
CY2023Q2 sach Financing Receivable Before Allowance For Credit Loss Maturity After Year Five
FinancingReceivableBeforeAllowanceForCreditLossMaturityAfterYearFive
100871
CY2022Q4 sach Financing Receivable Before Allowance For Credit Loss Maturity After Year Five
FinancingReceivableBeforeAllowanceForCreditLossMaturityAfterYearFive
105809
CY2023Q2 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
508851217
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
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CY2023Q2 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
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CY2022Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
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CY2023Q2 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
506653156
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
460633268
srt Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
360
CY2023Q2 sach Mortgage Loans Number Of Loans Matured But Not Have Been Repaid In Full Or Extended
MortgageLoansNumberOfLoansMaturedButNotHaveBeenRepaidInFullOrExtended
126
sach Mortgage Loans Percentage Of Loans Matured But Not Have Been Repaid In Full Or Extended
MortgageLoansPercentageOfLoansMaturedButNotHaveBeenRepaidInFullOrExtended
0.191
CY2023Q2 sach Mortgage Loans Amount Of Loans Matured But Not Have Been Repaid In Full Or Extended
MortgageLoansAmountOfLoansMaturedButNotHaveBeenRepaidInFullOrExtended
97100000
CY2023Q2 sach Mortgage Loans Number Of Loans Matured But Not Have Been Repaid In Full Or Extended
MortgageLoansNumberOfLoansMaturedButNotHaveBeenRepaidInFullOrExtended
126
CY2023Q2 sach Mortgage Loans In Process Of Foreclosure Number
MortgageLoansInProcessOfForeclosureNumber
51
CY2023Q2 us-gaap Mortgage Loans In Process Of Foreclosure Amount
MortgageLoansInProcessOfForeclosureAmount
47200000
CY2022 srt Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
444
CY2022Q4 sach Mortgage Loans Number Of Loans Matured But Not Have Been Repaid In Full Or Extended
MortgageLoansNumberOfLoansMaturedButNotHaveBeenRepaidInFullOrExtended
105
CY2022 sach Mortgage Loans Percentage Of Loans Matured But Not Have Been Repaid In Full Or Extended
MortgageLoansPercentageOfLoansMaturedButNotHaveBeenRepaidInFullOrExtended
0.134
CY2022Q4 sach Mortgage Loans Amount Of Loans Matured But Not Have Been Repaid In Full Or Extended
MortgageLoansAmountOfLoansMaturedButNotHaveBeenRepaidInFullOrExtended
61600000
CY2022Q4 sach Mortgage Loans Number Of Loans Matured But Not Have Been Repaid In Full Or Extended
MortgageLoansNumberOfLoansMaturedButNotHaveBeenRepaidInFullOrExtended
105
CY2022Q4 sach Mortgage Loans In Process Of Foreclosure Number
MortgageLoansInProcessOfForeclosureNumber
40
CY2022Q4 us-gaap Mortgage Loans In Process Of Foreclosure Amount
MortgageLoansInProcessOfForeclosureAmount
22500000
CY2023Q2 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
4998934
CY2022Q2 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
5904614
CY2022Q2 us-gaap Real Estate Owned Valuation Allowance
RealEstateOwnedValuationAllowance
0
CY2023Q2 us-gaap Real Estate Owned Valuation Allowance
RealEstateOwnedValuationAllowance
0
CY2023Q2 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
212500
CY2022Q2 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
230000
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
212500
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
490500
CY2023Q2 us-gaap Rental Properties
RentalProperties
817609
CY2023Q2 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
4181325
CY2022Q2 us-gaap Rental Properties
RentalProperties
800949
CY2022Q2 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
5103685
CY2023Q2 sach Number Of Real Estate Properties Sold Held For Sale
NumberOfRealEstatePropertiesSoldHeldForSale
3
CY2023Q2 sach Gain Loss On Sale Of Real Estate Properties
GainLossOnSaleOfRealEstateProperties
21239
sach Number Of Real Estate Properties Sold Held For Sale
NumberOfRealEstatePropertiesSoldHeldForSale
5
sach Gain Loss On Sale Of Real Estate Properties
GainLossOnSaleOfRealEstateProperties
-126861
CY2022Q2 sach Number Of Real Estate Properties Sold Held For Sale
NumberOfRealEstatePropertiesSoldHeldForSale
2
CY2022Q2 sach Gain Loss On Sale Of Real Estate Properties
GainLossOnSaleOfRealEstateProperties
-188182
sach Number Of Real Estate Properties Sold Held For Sale
NumberOfRealEstatePropertiesSoldHeldForSale
3
sach Gain Loss On Sale Of Real Estate Properties
GainLossOnSaleOfRealEstateProperties
-122343
CY2023Q2 sach Number Of Real Estate Properties Held For Rental
NumberOfRealEstatePropertiesHeldForRental
1
sach Real Estate Lease Term
RealEstateLeaseTerm
P5Y
CY2023Q2 us-gaap Debt Instrument Repurchase Amount
DebtInstrumentRepurchaseAmount
82900000
CY2023Q2 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
10000000
CY2023Q2 sach Percentage Of Asset Coverage Ratio
PercentageOfAssetCoverageRatio
1.50
CY2023Q2 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
26600
CY2023Q2 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
53200
CY2023Q2 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
53200
CY2023Q2 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
31033
CY2023Q2 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
164033
CY2023Q2 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
246756
CY2022Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
410373
CY2023Q2 us-gaap Other Receivables
OtherReceivables
4008696
CY2022Q4 us-gaap Other Receivables
OtherReceivables
3519804
CY2023Q2 us-gaap Other Assets Current
OtherAssetsCurrent
567499
CY2022Q4 us-gaap Other Assets Current
OtherAssetsCurrent
477048
CY2023Q2 us-gaap Goodwill
Goodwill
391000
CY2022Q4 us-gaap Goodwill
Goodwill
391000
CY2023Q2 us-gaap Finite Lived Trade Names Gross
FiniteLivedTradeNamesGross
130400
CY2022Q4 us-gaap Finite Lived Trade Names Gross
FiniteLivedTradeNamesGross
130400
CY2023Q2 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
267935
CY2022Q4 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
54548
CY2023Q2 us-gaap Other Assets
OtherAssets
5612286
CY2022Q4 us-gaap Other Assets
OtherAssets
4983173
us-gaap Debt Instrument Basis Spread On Variable Rate1
DebtInstrumentBasisSpreadOnVariableRate1
0.065
CY2023Q3 us-gaap Debt Instrument Basis Spread On Variable Rate1
DebtInstrumentBasisSpreadOnVariableRate1
0.0675
CY2023Q1 sach Term Of Federal Home Loan Bank Of Boston Classic Advance Rate
TermOfFederalHomeLoanBankOfBostonClassicAdvanceRate
P5Y
CY2023Q1 sach Debt Instrument Amortization Period
DebtInstrumentAmortizationPeriod
P20Y
sach Debt Instrument Number Of First Line Mortgage Loans
DebtInstrumentNumberOfFirstLineMortgageLoans
26
CY2023Q3 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.0825
sach Debt Instrument Number Of Series Of Unsecured Unsubordinated Loans
DebtInstrumentNumberOfSeriesOfUnsecuredUnsubordinatedLoans
7
CY2023Q2 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
CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
58163000
CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
56363750
CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
51750000
CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
122125000
CY2023Q2 us-gaap Long Term Debt
LongTermDebt
288401750
CY2023Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
7223456
CY2023Q2 us-gaap Notes Payable
NotesPayable
281178294
CY2023Q2 sach Estimated Amortization Of Deferred Financing Costs In Next Twelve Months
EstimatedAmortizationOfDeferredFinancingCostsInNextTwelveMonths
1174966
CY2023Q2 sach Estimated Amortization Of Deferred Financing Costs In Year Two
EstimatedAmortizationOfDeferredFinancingCostsInYearTwo
2336228
CY2023Q2 sach Estimated Amortization Of Deferred Financing Costs In Year Three
EstimatedAmortizationOfDeferredFinancingCostsInYearThree
1807606
CY2023Q2 sach Estimated Amortization Of Deferred Financing Costs In Year Four
EstimatedAmortizationOfDeferredFinancingCostsInYearFour
1410319
CY2023Q2 sach Estimated Amortization Of Deferred Financing Costs In Year Five
EstimatedAmortizationOfDeferredFinancingCostsInYearFive
494337
CY2023Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
7223456
CY2023Q2 us-gaap Secured Debt
SecuredDebt
6224000
sach Other Fees
OtherFees
73180
sach Other Fees
OtherFees
86441
CY2023Q2 sach Income From Legal Fees
IncomeFromLegalFees
119500
CY2022Q2 sach Income From Legal Fees
IncomeFromLegalFees
99840
CY2023Q2 sach Accounts Payable And Accrued Liabilities Other Than Notes And Interest
AccountsPayableAndAccruedLiabilitiesOtherThanNotesAndInterest
1100193
CY2022Q4 sach Accounts Payable And Accrued Liabilities Other Than Notes And Interest
AccountsPayableAndAccruedLiabilitiesOtherThanNotesAndInterest
1109789
CY2023Q2 us-gaap Contractual Obligation
ContractualObligation
531500
CY2022Q4 us-gaap Other Notes Payable
OtherNotesPayable
6014
CY2023Q2 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
492335
CY2022Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
323416
CY2023Q2 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
2124028
CY2022Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
1439219
CY2023Q2 sach Late And Other Fees Income
LateAndOtherFeesIncome
37187
CY2022Q2 sach Late And Other Fees Income
LateAndOtherFeesIncome
117676
sach Late And Other Fees Income
LateAndOtherFeesIncome
150317
sach Late And Other Fees Income
LateAndOtherFeesIncome
246540
CY2023Q2 sach Income From Processing Fees
IncomeFromProcessingFees
29630
CY2022Q2 sach Income From Processing Fees
IncomeFromProcessingFees
62615
sach Income From Processing Fees
IncomeFromProcessingFees
61700
sach Income From Processing Fees
IncomeFromProcessingFees
128470
CY2023Q2 sach Rental Income Loss Net
RentalIncomeLossNet
13300
CY2022Q2 sach Rental Income Loss Net
RentalIncomeLossNet
18158
sach Rental Income Loss Net
RentalIncomeLossNet
26600
sach Rental Income Loss Net
RentalIncomeLossNet
28200
CY2023Q2 sach Extension Fees
ExtensionFees
233135
CY2022Q2 sach Extension Fees
ExtensionFees
100686
sach Extension Fees
ExtensionFees
413544
sach Extension Fees
ExtensionFees
202519
CY2023Q2 sach Construction Management Fee
ConstructionManagementFee
500634
CY2022Q2 sach Construction Management Fee
ConstructionManagementFee
39031
sach Construction Management Fee
ConstructionManagementFee
667808
sach Construction Management Fee
ConstructionManagementFee
48809
CY2023Q2 sach Other Fees
OtherFees
37324
CY2022Q2 sach Other Fees
OtherFees
45657
sach Income From Legal Fees
IncomeFromLegalFees
216000
sach Income From Legal Fees
IncomeFromLegalFees
161940
CY2023Q2 us-gaap Other Income
OtherIncome
600266
CY2022Q2 us-gaap Other Income
OtherIncome
314946
us-gaap Other Income
OtherIncome
669432
us-gaap Other Income
OtherIncome
504253
CY2023Q2 us-gaap Interest And Fee Income Other Loans
InterestAndFeeIncomeOtherLoans
1570976
CY2022Q2 us-gaap Interest And Fee Income Other Loans
InterestAndFeeIncomeOtherLoans
798609
us-gaap Interest And Fee Income Other Loans
InterestAndFeeIncomeOtherLoans
2278581
us-gaap Interest And Fee Income Other Loans
InterestAndFeeIncomeOtherLoans
1407172
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.
CY2017Q1 us-gaap Officers Compensation
OfficersCompensation
260000
CY2018Q2 us-gaap Officers Compensation
OfficersCompensation
360000
CY2021Q2 us-gaap Officers Compensation
OfficersCompensation
500000
CY2022Q2 us-gaap Officers Compensation
OfficersCompensation
750000
CY2022Q3 us-gaap Officers Compensation
OfficersCompensation
325000
sach Number Of Mortgage Properties
NumberOfMortgageProperties
5
CY2023Q2 sach Amount Of Mortgage Receivable
AmountOfMortgageReceivable
5400000
CY2022Q2 sach Equity Securities Fvni Gain Loss.
EquitySecuritiesFvniGainLoss.
300000
sach Equity Securities Fvni Gain Loss.
EquitySecuritiesFvniGainLoss.
1600000
sach Equity Securities Fvni Gain Loss.
EquitySecuritiesFvniGainLoss.
600000
CY2023Q2 sach Unfunded Partnership Commitments
UnfundedPartnershipCommitments
2100000
CY2018Q2 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
0.03
CY2023Q2 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
30693
CY2022Q2 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
30008
us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
75389
us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
50001
CY2022Q4 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
7500000
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
71000
CY2023Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
7277000
CY2023Q2 sach Investment In Partnership Total Representing Three Limited Liability Companies
InvestmentInPartnershipTotalRepresentingThreeLimitedLiabilityCompanies
35400000
CY2023Q2 sach Number Of Limited Liability Companies Managed By Commercial Real Estate Finance Company
NumberOfLimitedLiabilityCompaniesManagedByCommercialRealEstateFinanceCompany
4
CY2023Q2 sach Number Of Limited Liability Companies Managed By Commercial Real Estate Finance Company
NumberOfLimitedLiabilityCompaniesManagedByCommercialRealEstateFinanceCompany
4
CY2023Q2 sach Equity Securities Fvni Gain Loss.
EquitySecuritiesFvniGainLoss.
1000000.0
sach Legal Fees And Registration Related Costs
LegalFeesAndRegistrationRelatedCosts
457000
CY2023Q2 us-gaap Preferred Stock Convertible Shares Issuable
PreferredStockConvertibleSharesIssuable
72575000

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